FSA to banks: Cut returns and dividends

first_img KCS-content THE FSA has warned banks that they might have to cut their targets for returns on equity (RoE) in order to meet a capital surcharge for major financial institutions.It has also said that it will remain “vigilant” to banks taking “excessive risks in an attempt to maintain return on equity”.In its annual Prudential Risk Outlook, the FSA warned that banks will only be able to achieve the necessary capital ratios “provided dividend payout rates are not excessive” and by restraining pay.FSA chairman Lord Turner (pictured) also reiterated that he favours counting capital in the form of equity rather than debt, saying: “There is a significant global support for an element of equity. The argument that equity is the best form of [capital surcharge] has significant support around the world.”Turner’s view makes it likely that if UK banks are allowed to use forms of debt to fulfil their core tier one capital requirements, they will have to be convertible into equity if their capital ratios fall too low and might have to use a highly cautious “exchange rate” for the conversion.Banks are keeping a keen eye on the different forms of capital-raising available, with Credit Suisse having already gone ahead with two rounds of contingent convertible (co-co) bond issuances in order to fulfill Swiss regulatory requirements. Simon Morris of law firm CMS Cameron McKenna said: “The FSA has gained a name for its poor grasp of macro-prudential regulation. There is the consequent risk that the FSA report is unduly negative because it is compensating for having missed the macro-prudential warning signs of the last crisis.”At the launch of the prudential outlook report, David Rule of the FSA’s macro-prudential team also estimated that UK banks’ exposure to Japan runs as high as £136bn. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsapp Show Comments ▼center_img Share Thursday 17 March 2011 9:14 pm FSA to banks: Cut returns and dividends Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULLlast_img read more

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Global Gaming committee backs Enlabs takeover bid

first_img Regions: Europe Nordics Sweden 30th September 2020 | By Aaron Noy As Global’s chair Niklas Braathen serves in the same role for Enlabs, he was unable to have a say in evaluating the offer, prompting the operator to establish an independent bidding committee. “Furthermore, it appears from the offer that Enlabs supports the current overall strategy and focus on Global Gaming’s operations and places great value on the work that management and employees carry out, which is mentioned as important for the continued successful development of the company’s operations,” the committee said. This suggested that no decisions had yet been made on post-acquisition restructuring, including potential layoffs, in the committee’s view. Strategically, the deal was seen as a good fit, with scope to launch Global brands in key Enlabs markets such as Latvia and Lithuania, as well as in new territories such as Ukraine. The deal could also strengthen Global’s position in existing markets such as Estonia and Finland, the committee said. It will then pay the cash consideration of the offer, before issuing new shares in Enlabs by 1 December. Email Address In its assessment, the committee noted that the offer, which represents a premium of approximately 15% on Global’s closing share price on the First North exchange on 26 August was “moderate” compared to other recent bids for other First North or Nasdaq Stockholm-listed businesses. With the Global Gaming bid committee having made its recommendation far ahead of the 19 October deadline, an acceptance period in which the operator’s shareholders can take up Enlab’s offer runs to 2 November, with the results to be announced a day later. Should it increase its holding to more than 90% of Global shares, it will delist the business from the First North Exchange. Enlabs’ non-negotiable offer, made earlier this month, gives Global shareholders the option to either sell their shares for a price of SEK11 or exchange them for 0.36 shares in the Optibet operator. Investors may also accept a payment comprising a 50% cash consideration and 50% Enlabs shares. This consists of Jonas Bertilsson, who serves as its chair, Michael Niklasson and Arne Reinemo, as well as acting chief executive Christian Rasmussen. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter As such, the committee has concluded that shareholders should accept Enlabs’ bid. Enlabs, which has steadily increased its holding in Global Gaming throughout 2020, increased its holding to 54.06% of the operator’s shares in August, triggering the threshold at which it was required to make a mandatory takeover bid for the business. It then acquired a further 9.9m shares earlier this month, to take its stake to 66.70% of Global Gaming’s issued shares, paying SEK11m per share – broken down into 50% cash and 50% Enlabs shares – for this stake. In accordance with takeover rules, KPMG Corporate Finance and Mangold Fondkommission were tasked with giving an independent fairness assessment of Enlabs’ bid. Both concluded that the offer was “reasonable from a financial perspective”. However, it was difficult to ascertain the impacts of the acquisition on Global’s existing staff, it continued. Enlabs has indicated it aims to achieve annual cost savings of up to SEK5m, while there were likely to be overlapping staff functions in areas such as IT, marketing and compliance. Global Gaming’s independent bid committee, formed to evaluate Enlabs’ SEK150m (£13.0m/€14.2m/$16.6m) bid to acquire all remaining shares in the Ninja Casino operator, has unanimously recommended its shareholders accept the proposal. Global Gaming committee backs Enlabs takeover bid The committee said whether these synergies could be realised in full depended on how much of a stake Enlabs gained through the offer. Considering it had increased its stake to 66.70% ahead of making its SEK150m offer for the business, either way it was likely to have a significant influence on Global’s operations going forward. “The new group is also assessed by Enlabs to have the capacity to take on larger projects with higher quality in the future, which creates space for employees to develop in an organisation that can continue to attract talented employees.” Topics: Finance However, the committee added that the price represented a 35% premium on the operator’s volume-weighted average share price during the last 90 trading days, and a 68% premium on the price over the past 180 days. Financelast_img read more

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Sovereign Trust Insurance Plc (SOVREN.ng) Q12016 Interim Report

first_imgSovereign Trust Insurance Plc (SOVREN.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2016 interim results for the first quarter.For more information about Sovereign Trust Insurance Plc (SOVREN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Sovereign Trust Insurance Plc (SOVREN.ng) company page on AfricanFinancials.Document: Sovereign Trust Insurance Plc (SOVREN.ng)  2016 interim results for the first quarter.Company ProfileSovereign Trust Insurance Plc is an insurance and risk management services company in Nigeria licensed to cover all cases of life and non-life insurance. Products cover the spectrum of travel, quote and buy, family wellbeing, vehicle, 3 rd party motor and marine insurance. Sovereign Trust Insurance Plc was established following the restructuring and recapitalisation of the then Grand Union Assurances Limited. Its head office is in Lagos, Nigeria. Sovereign Trust Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

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Kazakh reporter accuses police of attacking her

first_img April 30, 2020 Find out more After 30 years of absolute rule, President Nursultan Nazarbayev finally resigned in March 2019, making way for Kassym-Jomart Tokayev, who portrays himself as a reformer. Kazakhstan is ranked 157th out of 180 countries in RSF’s 2020 World Press Freedom Index. “The police must respect the right to inform and must guarantee the safety of journalists, not attack them,” said Jeanne Cavelier, the head of RSF’s Eastern Europe and Central Asia desk. “We support Saniya Toiken’s complaint and we call on the authorities to conduct a transparent and impartial investigation into this violence, so that those responsible are prosecuted.” Reporters prevented from covering Kazakh parliamentary elections Help by sharing this information RSF_en Reporters Without Borders (RSF) calls on the relevant Kazakh authorities to conduct an impartial investigation into the complaint filed today by a reporter who was attacked by police while covering a demonstration in Kazakhstan’s capital, Nur-Sultan. The journalist’s assailants must be prosecuted, RSF says. October 30, 2020 Kazakh reporter accuses police of attacking her KazakhstanEurope – Central Asia Condemning abuses WomenViolence News News January 15, 2021 Find out more Uniformed policemen then intervened but, instead of dealing with her assailant, they roughed up Toiken and only let her go after realizing she was a reporter. She had to go to a hospital for treatment for bruising and other injuries to her arms and legs. Receive email alerts Organisation News Kazakh journalists harassed over Covid-19 reporting to go further Toiken was arrested several times in connection with her reporting in 2019. February 5, 2021 Find out more KazakhstanEurope – Central Asia Condemning abuses WomenViolence Saniya Toiken, who reports for Radio Azattyk (the Kazakh service of Radio Free Europe/Radio Liberty), was providing live video coverage of an unauthorized fair in support of political prisoners on 24 October when a plainclothes policeman snatched her phone. Credit: RFE/RL Regional newspaper editor harassed after investigating real estate scandal Toiken filed a complaint today with the Nur-Sultan prosecutor’s office accusing the police of bodily injuries, obstructing journalistic activity, and abuse of power and authority accompanied by use of force. She also filed a request to the Police Commissioner, which was denied. Follow the news on Kazakhstan Newslast_img read more

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Collins seeks meeting with hospital CEO

first_img Previous article€4.3m contracts signed for two Limerick road projectsNext articleUlster Bank League Weekend Previews #UBL Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Cllr Michael CollinsCllr Michael CollinsLIMERICK Fianna Fail councillors who visited the University Hospital as a group on Thursday were unable to gain a meeting with hospital group CEO Colette Cowan to discuss the crisis in the emergency department, where there were 41 patients on trolleys waiting for beds.But Fianna Fail group leader on the local authority, Michael Collins said he accepts that the visit was at short notice.Sign up for the weekly Limerick Post newsletter Sign Up “In those circumstances, it is understandable that she couldn’t meet with the group but I’m also a member of the Health Forum West and I have requested a meeting with the CEO through them,” Cllr Collins said.But the Fianna Fail representative , speaking with the Limerick Post four days after an email request had been sent to the CEO from the Forum, said he “has had no reply as yet. I’m not happy about that”.Cllr Collins said that the group did not visit the ED. “They didn’t want to interfere at a time when the department was terribly busy,” he said. See the January 17 edition of the Limerick Post for more. Linkedin Advertisement Twitter WhatsApp NewsBreaking newsCollins seeks meeting with hospital CEOBy Bernie English – January 9, 2015 780 Email Limerick’s National Camogie League double header to be streamed live center_img Limerick Ladies National Football League opener to be streamed live RELATED ARTICLESMORE FROM AUTHOR Vanishing Ireland podcast documenting interviews with people over 70’s, looking for volunteers to share their stories TAGSfeaturedlimerickMichael CollinsUNiversity Hospita Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Print Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Facebooklast_img read more

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The Wheel Group Acquires Tuff Stuff Overland

first_img Facebook Facebook Pinterest Twitter Twitter ROSEMONT, Ill.–(BUSINESS WIRE)–Feb 9, 2021– The Wheel Group (“TWG”), a portfolio company of Wynnchurch Capital, L.P. (“Wynnchurch”), announced the acquisition of Tuff Stuff Overland (“Tuff Stuff” or the “Company”). Tuff Stuff is a direct-to-consumer (“DTC”) e-commerce platform of outdoor accessory products. The Company offers a comprehensive suite of high-quality overland adventure gear at affordable prices, including roof top tents, truck bed racks, awnings, and related accessories. David Williams, CEO of TWG, said, “Tuff Stuff is an outstanding company with an excellent product portfolio that we believe perfectly complements our existing business. This acquisition will give our combined company the products to help continue our growth in the truck, SUV and car enthusiast markets.” Monica Bonin, President of Tuff Stuff, said, “The Wheel Group has a long history of innovation with market-leading products and a strong focus on the customer. As Tuff Stuff Overland looked to the future, we specifically chose TWG for their innovation and industry leadership. We have full confidence that TWG will be a dedicated partner to the ongoing success of Tuff Stuff Overland and our Tribe.” Neel Mayenkar, Managing Director at Wynnchurch, said, “The acquisition of Tuff Stuff will strengthen TWG’s product offering as the TWG management team continues to provide exceptional service to its customers. We are excited to partner with the Tuff Stuff team and look forward to the opportunities that lie ahead.” About Tuff Stuff Overland: Based in Santa Ana, California, Tuff Stuff is a direct-to-consumer (“DTC”) e-commerce platform of outdoor accessory products. Tuff Stuff offers a comprehensive suite of high-quality gear for overland adventures, including roof top tents, truck bed racks, awnings, and related accessories. For more information, please visit: https://www.tuffstuffoverland.com. About The Wheel Group: Founded in 1997 and based in Ontario, California, TWG is a leading designer and distributor of branded aftermarket wheels, specialty tires and related accessories serving the truck, SUV, and car markets. The Company sells to over 8,000 active customers including independent installers, national & regional retailers, e-commerce retailers, and wholesale distributors. For more information, please visit: https://www.thewheelgroup.com. About Wynnchurch Capital: Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an office in California and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210209005808/en/ CONTACT: Frank Hayes Managing Partner [email protected] 847-604-6100Neel Mayenkar Managing Director [email protected] 847-604-6100 KEYWORD: UNITED STATES NORTH AMERICA CANADA CALIFORNIA ILLINOIS INDUSTRY KEYWORD: PROFESSIONAL SERVICES ONLINE RETAIL AFTERMARKET RETAIL AUTOMOTIVE FINANCE SOURCE: Wynnchurch Capital, L.P. Copyright Business Wire 2021. PUB: 02/09/2021 09:47 AM/DISC: 02/09/2021 09:47 AM http://www.businesswire.com/news/home/20210209005808/en WhatsApp WhatsAppcenter_img By Digital AIM Web Support – February 9, 2021 TAGS  Local NewsBusiness Pinterest Previous articleSkating-crazy Dutch defy pandemic by taking to outdoor iceNext articlePerfect Corp. Launches Augmented Reality Virtual Try-On Service for 3D Eyewear That is Quick and Easy to Set Up Digital AIM Web Support The Wheel Group Acquires Tuff Stuff Overlandlast_img read more

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PSNI probe Derry house fire

first_img Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Facebook PSNI probe Derry house fire WhatsApp Twitter Police in Derry have launched an arson investigation following a house fire in the Galliagh area of the city.The fire, which damaged a house at Moss Park, was reported at 6 o’clock yesterday morning. Police believe it was started deliberately. There are no reports of injuries. Google+ Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Google+center_img News 75 positive cases of Covid confirmed in North Previous articleMissing children found safe and well in KerrykeelNext articleBoxing – Billy “Spider” Kelly to be buried today. News Highland Pinterest RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic By News Highland – May 10, 2010 Further drop in people receiving PUP in Donegal WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more

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Rimando, Pomykal added by Garber to MLS All-Star roster

first_img Written by Tags: MLS/MLS All-Stars/Nick Rimando/Real Salt Lake June 24, 2019 /Sports News – Local Rimando, Pomykal added by Garber to MLS All-Star roster FacebookTwitterLinkedInEmailNEW YORK (AP) Retiring Salt Lake goalkeeper Nick Rimando was added to the Major League Soccer All-Star roster on Monday by Commissioner Don Garber.Rimando turned 40 last week and is in his 20th MLS season. He holds the league record for games (497), shutouts (146) and saves (1,662).Paxton Pomykal, a 19-year-old midfielder developed by the Dallas academy and a member of the U.S. Under-20 team, also was put on the 26-man roster by Garber.MLS coach James O’Connor of Orlando added 13 players, including forwards Josef Martinez (Atlanta), Chris Wondolowski (San Jose) and Diego Rossi (LA).MLS All-Stars will play Atletico Madrid on July 31 at Orlando, Florida.Atlanta leads with five All-Stars and LA has four.The roster (x-selected in fan vote):Goalkeepers: Andre Blake (Philadelphia), x-Brad Guzan (Atlanta), Nick Rimando (Salt Lake)Defenders: Matt Hedges (Dallas), Kemar Lawrence (New York Red Bulls), Romain Metanire (Minnesota), x-Leandro Gonzalez Pirez (Atlanta), Bastian Schweinsteiger (Chicago), x-Walker Zimmerman (LA), x-Graham Zusi (Kansas City).Midfielders: x-Ezequiel Barco (Atlanta), Diego Chara (Portland), x-Jonathan dos Santos (LA Galaxy), Mark Anthony Kaye (LA), Nicolas Lodeiro (Seattle), x-Gonzalo Martinez (Atlanta), Maxi Moralez (NYC), x-Nani (Orlando), Paxton Pomykal (Dallas), Alejandro Pozuelo (Toronto), Diego Rossi (LA).Forwards: x-Zlatan Ibrahimovi? (LA Galaxy), Josef Martinez (Atlanta), x-Wayne Rooney (D.C.), Chris Wondolowski (San Jose), x-Carlos Vela (LA). Associated Presslast_img read more

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Snarky Puppy Steps Up With New Tunes, Familiar Surprises At L.A.’s Orpheum Theatre [Review/Photos]

first_imgLoad remaining images There is a certain freedom that comes with being an instrumental outfit like Snarky Puppy. Whereas a vocally-focused act may feel compelled (if not outright implored) by its fans to roll through all the same hits, show after show, until the tread wears off, those that eschew lyrics—and, ideally, compensate with spirited instrumentation—are granted more leeway for experimentation by default.Not that bandleader and bassist Michael League would’ve let on otherwise. He certainly didn’t during Snarky Puppy’s triumphant return to the Orpheum Theatre in Los Angeles on the final Friday of May.As his 11-piece ensemble soared through a slew of songs off 2019’s Immigrance including the Justin Stanton-penned “Bad Kids to the Back”, League took a moment to acknowledge the packed house and thank all those in attendance for bearing with the fresh cuts. He joked that he couldn’t tell whether the crowd was clapping because they disapproved of the new material or the old. He spoke of the pleasure of moving forward in the band’s catalog after spending so much time drawing from the same well of material on recent tours—as if anyone would’ve taken issue with Snarky Puppy’s expansive array of musicians coming together for yet another sustained blast of brilliant sonic fusion, no matter what songs were on offer.In this case, the group’s headlong dive into Immigrance gave the audience a long look at (and listen to) a more contemplative, if not more brooding, side to the Minimoogs, flutes and bongos that typically comprise a more playful sound. It marked a fitting shift for the times, one that Tedeschi Trucks Band showcased from its own perspective on the same stage a week prior.To be sure, there was plenty of room for Snarky Puppy’s full range of styles and rhythms at the Orpheum. From rock and jazz to funk and Latin, the New York City-based collective strutted stridently through a nearly two-hour set that offered each of its attendant members ample opportunity to impress.Stanton and Bobby Sparks both shined on their respective keyboards. So, too, did former Snarky Puppy member Cory Henry, who took a turn on Sparks’ setup while making a guest appearance during a “Lingus” encore. Each of the four members of Snarky Puppy’s horn section (i.e. Jay Jennings on trumpet, Mike “Maz” Maher on trumpet and flugelhorn, Chris Bullock on woodwinds and Bob Reynolds on tenor saxophone) blew more than a few minds by blowing through their respective instruments. Mark Lettieri shredded his guitar in spectacular fashion, and when League wasn’t busy taking the bassline out for a seductive stroll, he was doing his best to teach those in attendance how to syncopate their clapping patterns—“Because it’s a Snarky Puppy show,” League quipped.The highlights of the night, though, came from some relatively surprising corners of the lineup. Zach Brock showcased a style of violin that would’ve had many (if not most) traditional players falling out of their chairs. With a slate of pedals at his feet, Brock treated attendees to psychedelic, guitar-style solos throughout the evening.Toward the end of the set, League shouted out his grandmother and aunt, who were in attendance from his native Long Beach, before inviting three more Snarky-affiliated percussionists—Mike Mitchell, TaRon Lockett and Robert “Sput” Searight—onstage for a rhythm section jam that would’ve been the envy of even Mickey Hart and Bill Kreutzmann. One by one, each of those guest drummers took his turn on Jason “JT” Thomas’ kit while rotating through shakers, tambourines and a spot next to Nate Royce on percussion—And one by one, each lent his own flavor and flare to the proceedings, sending folks into a collective (seated) tizzy.Such is the power of instrumental exploration like the kind routinely on offer from Snarky Puppy. While fans can’t shout and sway to songs the way they might to lyrical offerings, this particular brand of jazz fusion cuts toward something deeper and more primal. In the absence of something to sing along to, it sends those fortunate enough to partake in the experience into fits of barking and howling. Rarely (if ever) has the name “Snarky Puppy” ever felt like a more perfect fit.Below, you can check out a full gallery of photos of Snarky Puppy at the Orpheum courtesy of photographer Brandon Weil.For a full list of Snarky Puppy’s upcoming tour dates, head here.Snarky Puppy | Orpheum Theatre | Los Angeles, CA | 5/31/19 | Photos: Brandon Weillast_img read more

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Dismas House celebrates 30th anniversary

first_imgThe Dismas House in South Bend has assisted over 1,000 ex-criminal offenders since 1986, with 101 local college volunteers sharing in their journeys along the way. Dismas House will celebrate its 30th anniversary at a benefit dinner April 13, one of several other anniversary celebrations throughout the year.“Our mission is to facilitate the reconciliation of former prisoners to society and society to former prisoners through the development of a supportive community,” Maria Kaczmarek, Executive Director of South Bend’s Dismas House, said in an email. “Dismas House is a unique place where college students, former prisoners and volunteers come together to create community.”According to Kaczmarek, South Bend’s location is part of a larger nationwide Dismas House nonprofit, which began in 1974.“It is a unique program because former offenders share the house with area college students,” Kaczmarek said, “[It] recognizes that the cycle of crime can be reduced when men and women who have been incarcerated have assistance readjusting to society. To that end, Dismas House provides room and board, case management, bus passes, employment services, life skills counseling, mentoring and programs to help former offenders make a successful transition back into the community.“Returning prisoners need [an] adjustment period when they return home. If they do not receive support, they are high risks to re-offend. They need help with securing medical and dental care. Many need mental health services … and drug and alcohol treatment. Finding and maintaining employment is paramount. Dismas helps with all of these needs.”Kaczmarek said Dismas House also advocates on social justice issues on behalf of ex-offenders.“We hope Indiana will opt out of the federal law that prohibits individuals convicted of a drug offense from receiving [Supplemental Nutrition Assistance Program (SNAP) benefits] for life,” she said, “People who have committed far worse crimes, such as rape, can receive SNAP [benefits]. We feel it is morally wrong to deny a person the basic human need of food. Other states have opted out of the federal law that bars those with drug convictions to receive SNAP [benefits]. Also, we would like to see [the] ‘Have you ever been convicted of a felony?’ box removed job applications. This would allow the person to be interviewed and given the opportunity to explain his or her criminal history and to their share skills and talents as they relate to the job.”Kaczmarek said South Bend’s Dismas House is a “century old Victorian house — it is not a facility, it is a home.” It currently houses 12 residents, all of whom commit to participating in their clinic-specific reentry plan for between 90 days and two years. Weekdays, residents attend school or work at jobs. Monday through Thursday, residents gather to eat dinner together “as a family.” The evening meal is prepared by volunteers who dine alongside residents.“[And] like all families, we watch TV, play games, go to the movies, visit with family and friends and have fun,” Kaczmarek said.In addition to providing an in-home family, Dismas House incorporates local college students to add to a rehabilitative community.“We welcome all college students, but Notre Dame students were the first to become involved as residents and volunteer cook(s),” Kaczmarek said. “For 29 years, the men of Keenan Hall have been preparing dinner and eating with the residents every Monday night during the school year. … Also Notre Dame’s Circle K students provide tutoring on Tuesday evenings to residents. Student residency has a major impact on the house. Students are non-judgmental and open-minded. They bring laughter and fun to the house.“ … Because of the presence of students many of our former offenders gain a newfound respect for education, and they decide to enroll in higher education.”Student volunteers gain something from the work with the Dismas House residents, too, said one volunteer.“Dinner always begins with a prayer led by one of the residents, followed by each person at dinner stating their name so that guests feel welcome before the meal is served,” T.J. Groden, a junior in Keenan Hall and Dismas House volunteer, said. “Sharing the meal with the residents is as, if not more, important than preparing it. The conversations I’ve had over dinner at Dismas House have significantly changed my views on our country’s prison system.“Dismas is extremely important because it gives released inmates the second chance that they deserve. The house is much more than a place to live — it is a community that rehabilitates former inmates through its programming. Dismas breaks the cycle that traps many released inmates and pushes them back into incarceration.”Francisco Yang, a sophomore in Keenan Hall and another Dismas House volunteer, said he considers the dinner discussion with the residents as the most important part of Monday dinners at Dismas House.“Prior to Dismas House, I had no prior interaction with anyone who had formerly been incarcerated,” Yang said. “This year I learned that people like the residents at Dismas have difficulty adjusting back into normal life because of the stigma associated with incarceration. People tend to fear what they do not understand, and unfortunately members of society who have been released from prison fall under this category of people who experience hardship and misunderstanding.“Dismas residents help our volunteers become more open minded and better informed about the circumstances that lead up to incarceration and the struggles that lead many people who are released to become re-incarcerated very soon after. Discussions of social justice issues are crucial because of the lack of available resources for these members to help them cope with their circumstances. … The start to resolving social injustice begins with informing the public because ignorance contributes to a culture of misunderstanding, and Dismas does its part to make a difference.”Kaczmarek also quoted a Dismas House graduate, “Greg C.,” in her email:“It has been 12 years since I left Dismas House, and I haven’t been in any trouble. I finished my apprenticeship and received my Associates Degree from Ivy Tech. Until then I always felt that society looked at me like an outcast. Dismas showed me this wasn’t true and that everyone deserves a second chance. The way Dismas and the South Bend community accepted me will always hold strong in my heart, and I will never forget it. I thank the Dismas staff, students and volunteers and the program for changing my life.”Tags: Dismas House, Keenan Hall, service, Student volunteers, Volunteer worklast_img read more

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