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Fluctuations in Market Earnings for Tea in Kenya: What Could be the Cause and Remedy?
, Blogs
The tea sector is of great importance to Kenya's economy. In 2019, the sector accounted for 25 per cent of the total foreign earnings and1.5 per cent of the country's Gross Domestic Product (GDP). The high contribution to GDP is mainly attributed to increase in the amount of tea produced and exported to the international market.
In Kenya, the success story in terms of high tea production is a function of three main factors. The first one is the Government policy formulated after independence that focused on integrating small scale growers into the mainstream of tea growing. It is estimated that small scale tea under the umbrella of Kenya Tea Development Agency (KTDA) produces about 60 per cent of the total tea. The remaining 40 per cent is by the multinational sector and large-scale growers. The second factor behind the success story of tea in the country is the establishment of an efficient estate sector under the British tea companies. This was important in bringing a revolutionary management system in the sector, which resulted to a five-fold increase in output. The third factor is selection of high yielding varieties mainly by the Tea Research Foundation of Kenya (TRFK), and the selective application of herbicides and improved planting and cultivation methods. These three factors have had tremendous effects on the amount of tea produced in the country.
Despite the favourable environment that contributed to the success of the sector, other factors have negatively affected its performance over time. One of the major challenges has been fluctuating tea prices at the auction market, with most of the time registering a decline as presented in chart 1.
Chart 1: Kenya's tea auction prices in (Ksh/Kg) from 2014-2019
Source: Mombasa Tea Auction Center & FAO, 2017
The only period when the auction prices rose significantly was in the period between December 2014 and July 2015. During this period, the tea auction prices registered 89.01 per cent increase. In the period between July 2015 and April 2016, prices declined by 37.78 per cent as a result of increased supply in the global market. Similarly, the period between January 2018 and March 2019 registered a 29.70 per cent reduction in the tea auction prices.
The declining trend in tea prices is a risk factor to the farmers who in most cases earn low returns despite the capital and human investment in terms of money, time and effort that goes into production of tea. Several factors, both local and global, have contributed to the fluctuations, with most of the time a downward trend in the returns from market as discussed below.
Decrease in the production and supply of Kenya's tea due to variable climatic condition
Chart 2: Kenya's tea production (MT) from 2014-2019
Production of Kenya's tea has been rising, though this trend has not been consistent during the period under consideration as shown in Chart 2. Production declined sharply by 65.19 per cent between December 2014 and March 2015 before rising to record 50 million MT in January 2016. The sharp decline in production was due to unfavourable cold weather between June and August during the period under consideration. In the period between February 2017 and December 2018, production of tea increased, on average. This increase could be attributed to favourable weather conditions where the country received adequate rainfall in the said period. A sharp decline from the December 2018 to March 2019 was as a result of low production in tea growing regions, specifically West of Rift Valley. However, production in East of Rift Valley declined as well. Generally, cumulative production for the first five months January to May 2019 was 9.8 per cent lower than a corresponding period in 2018. This could be attributed to severe and hot dry weather conditions, and late onset of the long rains leading to depressed rainfall.
Kenya is ranked third in tea production after China and India, and number one exporter of black tea in the world market.
Demand factor due to political turmoil in some leading importers
The top ten importers of Kenya's tea include: Pakistan, Egypt, UK, UAE, Sudan, Russia, Yemen, Afghanistan, Kazakhstan and Poland, as shown in Table 1.
Table 1: Top ten consumers of Kenyan tea in Ksh millions (2014-2018)
Source: East African Tea Traders Association (EATTA)
These countries consume approximately 88 per cent of Kenya's total tea exports. This means that a slight decline in the consumption of Kenya's tea by any of the top ten consumers would significantly reduce the returns from tea exports. Over time, Pakistan has been a major market for Kenya's tea, consuming up to 38 per cent of the total tea exports. The quantity of tea exported to Pakistan has been increasing consistently from 105 million MT to 178 million MT between 2014 and 2018, respectively. In the same period, the proceeds received from the sale of Kenya's tea increased consistently from Ksh 21,335 million in 2014 to Ksh 56,290 million in 2018. However, in October 2019, Pakistan's demand for tea declined by an average of 7 per cent. This was attributed to currency devaluation in the country after facing economic crisis that forced it to seek a bailout from the International Monetary Fund.
In the case of Egypt, the quantity imported from Kenya has not been consistent between the period under consideration. This could be because Egypt has been facing several challenges, including political and economic instabilities. The highest quantity imported was 102 million MT in 2014, earning Ksh 20,082 million. However, by mid-2018, the export volume had declined to 74 million MT, earning Ksh 19,047 million.
Similarly, exports to the United Kingdom (UK), the third largest importer of Kenya's tea, declined over the same period from 53 million MT earning Ksh 9,887 million in 2014 to 47 million MT earning Ksh 12,408 million in 2018. This decline is partly attributed to the uncertainties surrounding Brexit. Further, the bulk of Kenya's tea found its way into the European market through the UK. Therefore, with Brexit, it means that Kenya has to negotiate with individual countries and the UK to allow her tea to access the market.
The other countries in the top ten importers of Kenya's tea have been witnessing similar trends of fluctuations in the quantity imported, for instance due to the political crisis witnessed in Sudan, and the US and EU sanctions imposed on Russia in 2014 following tensions in Ukraine. In the Middles East, there has also been a decline in the amount of tea import by the UAE, Yemen, Afghanistan and Kazakhstan since 2014 due to political instability.
Competition from other markets
Kenya is also facing competition from other countries such as Sri lanka. About 90 per cent of Kenya's tea is exported in raw form and mostly used to blend other tea. As a result, Kenya's tea prices could also be declining due to buyer's preference for value added tea from other countries. A good example of a country exporting value added tea is Sri-lanka. In 2018, Kenya exported 476 million kilogrammes of tea, earning Ksh 140 billion. Sri Lanka, on the other hand, exported 288 million kilogrammes (equivalent of 60 per cent of total exports in 2018), and earning Ksh 150 billion.
Sri Lanka is among the countries in the world that have invested heavily in value added tea, and as a result their product fetches higher prices in the international market. For this reason, there are some lessons that Kenya can learn from Sri Lanka as far as value addition of tea is concerned. Sri Lanka exports more than 50 per cent of its tea in value added form. The country has a policy to value add its tea products in various forms such as flavored tea, organic tea, iced tea and many others. Recently, the country introduced tea-based soaps, shampoo and other products that attract higher prices in the international market. To further enhance performance of the sub-sector, Sri Lanka has invested heavily in research. Currently, the country houses the biggest tea research institute in the world. The institute deals exclusively with matters of value addition. This is an indication that, Sri Lanka's investment in research and value addition of exported tea has contributed significantly to her bargaining power for better prices in international markets.
In summary, there are three main factors that have contributed to decline in earnings from Kenyan tea. These are: inconsistency in local production as a result of variable climatic conditions as shown in Chart 2, decline in demand of Kenya's tea due to political and economic instabilities in top consumer countries as shown in Table 1, and stiff competition from other exporters in the world market such as Sri lanka. There is no guarantee that the earnings will not decline even further bearing in mind that there are several dynamics in the world markets. In fact, there is a possibility of the situation even worsening if the country will not adopt certain trends in the world market, such as value addition and aggressive marketing strategies to remain competitive.
As such, there is need to look for alternative new markets for Kenya's tea. This can be done by developing a marketing strategy for the product and negotiating with potential tea consuming countries. Further, competition from other markets can be addressed through innovations and value addition to improve the quality of Kenyan tea. This will enable Kenya to compete with other tea producing countries in the world market, such as Sri lanka, among others., packed value-added tea fetches higher prices and therefore higher earnings compared to that sold in bulk boxes in the international market. In addition, Kenya can introduce a policy to ensure most of her tea is value-added before export. This includes adding flavor and packaging it into teabags before exporting to other markets rather than selling it in bulk boxes. To achieve the proposed quality enhancement of Kenya's tea, legislation needs to be put in place to control the quality of tea being produced in the country. This can be done through strengthening the regulatory bodies dealing with production and control of the tea sector. For example, there is a Bill awaiting discussion and passage by Parliament. The Tea Bill 2018 aims at strengthening the Tea Board of Kenya to deal with issues of providing advisory services on tea production and quality enhancement. The bill is also designed to regulate the way tea will be exported to ensure that it fetches the best price for the farmers and hence higher earnings.
Enhancing Peace and Security in Kenya through Mitigation of Climate Change
Introduction Climate change is among the greatest risks to peace and security in the 21st century. Climate change is not a direct cause of armed
Rejuvenating Local Manufacturing in the Context of Secondhand Economy
There has been an emotive debate to limit growth and eventual elimination of secondhand goods in Kenya. The recent attempt to ban the importation of
Overcoming Hurdles to Sustain Growth of Financial Technology in Kenya
Introduction Financial technology (fintech) automates and improves the delivery and usage of financial services. It enables businesses and individuals to effectively carry out operations and
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<ACCESSION-NUMBER>0000943663-20-000002
<TYPE>SC 13G
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20200102
<DATE-OF-FILING-DATE-CHANGE>20200102
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>Gannett Co., Inc.
<CIK>0001579684
<ASSIGNED-SIC>2711
<IRS-NUMBER>000000000
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G
<ACT>34
<FILE-NUMBER>005-88331
<FILM-NUMBER>20502431
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1345 AVENUE OF THE AMERICAS
<CITY>NEW YORK
<STATE>NY
<ZIP>10105
<PHONE>(212) 479-3160
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>New Media Investment Group Inc.
<DATE-CHANGED>20191118
</FORMER-COMPANY>
<FORMER-CONFORMED-NAME>Gannett Co., Inc.
</SUBJECT-COMPANY>
<FILED-BY>
<CONFORMED-NAME>COOPERMAN LEON G
<STATE-OF-INCORPORATION>NY
<STREET1>7118 MELROSE CASTLE LANE
<CITY>BOCA RATON
<STATE>FL
</FILED-BY>
Go to... Top Section 1: SC 13G (SCHEDULE 13G)
Section 1: SC 13G (SCHEDULE 13G)
SCHEDULE 13G
(Amendment No. )*
GANNETT CO., INC.
Common Stock, par value $0.01 per share
64704V106
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LEON G. COOPERMAN
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)☐
(b)☒
SEC USE ONLY
CITIZENSHIP OR PLACE OF ORGANIZATION
SHARES BENEFICIALLY
OWNED BY EACH
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.14%(1)
TYPE OF REPORTING PERSON
(1) Based upon the aggregate of (i) 60,481,117 Shares outstanding as of October 28, 2019, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on October 31, 2019, and (ii) approximately 62.4 million Shares issued in connection with the Issuer's merger with Gannett Co., Inc., as disclosed in the Issuer's Form 8-K filed with the SEC on November 20, 2019.
Item 1(a).
Name of Issuer:
Item 1(b).
Address of Issuer's Principal Executive Offices:
7950 Jones Branch Drive, McLean, VA 22107-0910
Name of Person Filing:
This statement is filed on behalf of Leon G. Cooperman ("Mr. Cooperman"). Mr. Cooperman is engaged in, among other activities, investing for his own account.
Mr. Cooperman is married to an individual named Toby Cooperman, has an adult son named Michael S. Cooperman and has a minor grandchild named Asher Silvin Cooperman. The Michael S. Cooperman WRA Trust (the "WRA Trust") is an irrevocable trust for the benefit of Michael S. Cooperman. Mr. Cooperman has investment authority over the Shares held by Toby Cooperman, Michael S. Cooperman, the UTMA account for Asher Silvin Cooperman, the WRA Trust accounts, and the Individual Retirement Accounts of Toby and Michael S. Cooperman.
Mr. Cooperman is one of the Trustees of The Leon and Toby Cooperman Foundation (the "Foundation"), a charitable trust dated December 16, 1981.
Mr. Cooperman has investment discretion over the Shares held by the Uncommon Knowledge and Achievement, Inc. (the "Uncommon"), a 501(c)(3) Delaware charitable foundation.
Address of Principal Business Office or, if none, Residence:
St. Andrew's Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496.
Item 2(c).
Item 2(d).
Title of Class of Securities:
Common Stock, par value $0.01 per share (the "Shares")
Item 2(e).
CUSIP Number:
Item 3.
If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c);
This Item 3 is inapplicable.
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
(a)(b)
Amount beneficially owned and percent of Class:
Mr. Cooperman may be deemed the beneficial owner of 7,544,750 Shares, which constitutes approximately 6.14% of the total number of Shares outstanding. This consists of 5,662,779 Shares owned by Mr. Cooperman; 401,000 Shares owned by Toby Cooperman; 1,000,000 Shares owned by the Foundation; 250,000 Shares owned by the WRA Trust; 201,700 Shares owned by Michael S. Cooperman; 4,271 Shares owned by the UTMA account for Asher Silvin Cooperman; and 25,000 Shares owned by the Uncommon.
Number of shares as to which the person has:
Sole power to vote or to direct the vote:
Shared power to vote or to direct the vote:
Sole power to dispose or to direct the disposition of:
Shared power to dispose or to direct the disposition of:
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
Ownership of More Than Five Percent on Behalf of Another Person.
This Item 6 is not applicable.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Identification and Classification of Members of the Group.
Notice of Dissolution of Group.
Item 10.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
DATED: January 2, 2020
/s/ Edward Levy
Attorney-in-Fact
Duly authorized under POA effective as of August 10, 2016 and filed on August 12, 2016.
* Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

redpajama_set_name: RedPajamaCommonCrawl


text:
Business advice from is4profit | Most Staff Unclear on Company Objectives |
Most Staff Unclear on Company Objectives
The is4profit team	December 14, 2009
Employers have been warned they are not doing enough to communicate their strategy to staff, after a Government survey found that only a quarter of employees understand their firm's goals for next year.
The survey commissioned by the Department for Business, Innovation and Skills (BIS) also found that a further third of employees had no idea whether a vision for their business's future existed. The report suggested this is having a negative impact on employee motivation levels, as only 27% felt positive about the year ahead.
BIS adviser, David McLeod, warned employers that poor employee engagement could "put the brakes" on performance and urged bosses to inspire staff.
"If leaders don't explain where the business is going and what it's seeking to achieve, how can people be motivated or know what they're meant to contribute?" he said.
Defining objectives, inviting ideas and input, being flexible on how the business progresses and celebrating success were all ways to involve staff and boost morale, according to McLeod.
"There are lots of simple steps employers can take which will ensure employees are engaged and ready to play their part in delivering business success in 2010," he added. "There must be a continued commitment throughout the year to ensure staff feel involved and motivated by the business and its goals."
Croner employment technical consultant, Gillian Dowling, pointed towards the recession as one of the reasons for low staff morale.
"Although employment figures are showing promising signs of improvement and redundancies are beginning to ease, we still have a long way to go," she said.
"Motivating employees who remain in the business after large scale redundancies will be an issue for 2010," added Dowling.
Read more about motivating staff.
Tags:company objectivesmotivating staffstaffstrategy
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Dragon Spirit - Codex Gamicus - Humanity's collective gaming knowledge at your fingertips.
Dragon Spirit (Dragon Spirit: The New Legend on the Nintendo Entertainment System) is an arcade game that was released by Namco in 1987. It runs on Namco System 1 hardware. The game was later ported to many consoles and home computers.
After a millennium of captivity, an ugly serpent demon named Zawell escapes imprisonment and kidnaps Alicia, princess to the kingdom of Mitgult. A young, crafty soldier, Amul, is selected to rescue the princess and destroy Zawell. In praying to the gods for strength and courage, he points his sword high toward the heavens. Suddenly, he is transformed into an all-powerful blue dragon, bestowed with special powers. Though gifted with a lethal air and ground attack, this is not enough. He must locate and obtain extra powers along the way. The demon has instructed nine of the mightiest beasts to stop Amul before reaching his goal.
This page was last edited on 30 July 2014, at 13:08.


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UFC news: Joe Rogan said his verdict on the issues of payment of labor of fighters in the UFC.
08/07/2021 08/07/2021 Diana Makarova	0 Comments	Joe Rogan, UFC
The issue of fighter pay in the UFC is a topic that has been actively discussed for a while now. Dana White and his team have received a lot of flak for reports that they give out 10% of their income to their athletes as compared to the NBA and NFL that give out 50% and 48% respectively.
This has been an issue that the UFC has come under scrutiny for multiple times. Most recently, the UFC was under fire after Cheyanne Buys revealed her financial situation going into her fight. Fans and pundits alike began bashing the UFC for underpaying the fighters to an extent that they had to take out loans just to meet their day-to-day needs.
Joe Rogan in a recent episode of his podcast shared his thoughts on Buys' situation and fighter pay in the UFC. Rogan said,
"You know she was, crying and all these people got online and started complaining about the UFC. I see everybody's point. I see their point and I also see the UFC's point. A lot of people don't know who she is yet…..The whole thing about this sport is how many people are going to watch you fight. How exciting are you? How engaging are you? And do you put a**es in the seat?"
"It is clear now that who are the people that put the aes int he seats. And those are the people that get the most money….. It's a complicated thing for people. They think the best fighters should make the most money. But the best fighter does not put the most aes in the seat…. It's a weird sport it's prizefighting but it is also entertaining." Joe Rogan continued.
This isn't a feel-good story; here's the percentage of revenue given to athletes by each league:
MLB = 54%
NBA = 50%
NHL = 50%
NFL = 48%
UFC = 16%
The UFC is in the middle of a 5-year, $1.5 billion deal with ESPN. https://t.co/KfcB1Ri3p8
— Joe Pompliano (@JoePompliano) August 1, 2021
Joe Rogan makes a good point that the best fighters are not necessarily the fighters that sell the most seats. Nate Diaz is a perfect example of the same. Diaz is 2-3 in his last five fights. However, every time Diaz fights, he commands the attention of the entire MMA community.
This translates to mega paydays for the Stockton native. However, Demetrious Johnson, who is without a doubt one of the best fighters ever, was never able to successfully sell PPVs. Which meant that he did not get paid as well as some of the other champions.
MMA News: Gegard Mousasi: "Chris Weidman is half a robot, he should retire"
← MMA News: Gegard Mousasi: "Chris Weidman is half a robot, he should retire"
UFC news: Michael Chandler doubts about the longevity of Charles Oliveira in the octagon ahead of the fight with Dustin Poirier →
"I guarantee": Joe Rogan suggested who will be McGregor's next opponent
Israel Adesanya is sure that he got into the head of Robert Whittaker again. +Highlights
John Jones demanded to dismiss himself from the UFC


This is a small to medium sized family owned and operated business that has been around for a solid 25 years. Over these years, the business has selected and sourced high quality health and well-being products from leading international suppliers for Australian wholesalers, distributors and retail outlets such as pharmacies, health food stores, gym's, organic cafes and shops, gift shops and many others including specialty ranges for gluten free, eco friendly and pet friendly ranges.
The business is located close to Newcastle and The Hunter Valley and operates from a warehouse with a small team of staff. The approximate adjusted Net Profit for a working owner is $125,000.
This is a very rare and exciting business in a massive industry.
If you are interested in finding out more about this quality opportunity, please go to ---.---------------.---.--. Alternatively, contact 1300 BROKER or call Shane Fox on ---- --- ---.


text:
The Strain of Change
The screaming in your head starts when you decide to switch firms, and the voice always says the same thing: Call your clients! Call your clients now, before it's too late! It's understandable, this compulsion to immediately start in on the most important piece of business, but it's an instinct you need to fight at least until you address some important preliminaries. I know from what I speak. My
Robert L. Hand | Nov 01, 2003
The screaming in your head starts when you decide to switch firms, and the voice always says the same thing: "Call your clients! Call your clients now, before it's too late!"
It's understandable, this compulsion to immediately start in on the most important piece of business, but it's an instinct you need to fight — at least until you address some important preliminaries.
I know from what I speak. My 20 years in the securities industry have taken me to six different wirehouse firms and two independents, and that means I've presided over eight different "transition" periods.
Advisors usually pass through four stages on their way to a decision to change firms: dissatisfaction (with a current company), gathering (information on prospective new employers), choosing (a new firm) and committing (to change). It's in this last stage that real work of retaining clients begins.
The first few things you need to do once you've made the decision to switch firms are rather pedestrian: Gather cost basis on your clients' holdings, get their email addresses, examine the new account forms at your new firm and make sure you're familiar with the information you'll need from each client to complete them.
Don't make the mistake of foregoing these tasks. Many a broker has started his job at a new firm, only to discover that, in his haste to depart, he left behind reams of important (if dull) information about clients.
If, for instance, you neglect to retain details of the minimum required distributions that a particular has already taken, you've condemned yourself to some pretty involved sleuthing and paperwork upon starting the new position. It should go without saying that the time devoted to such mundane tasks is better spent elsewhere during the critical early days at a new firm.
In addition, be prepared to pony up some money for a team to help you with your move. While your new firm will offer to help, you'll have more control if you do it yourself.
Let's Talk to Clients
Now that you've prepared diligently, you're ready to contact clients. Here are a few commonly asked questions about this part of the process:
What should I say to clients before the move?
Legally, here's what you can't say: "I'm changing firms. Will you come with me?" However, you can mention that you've had an offer from another firm, and you're in the process of deciding whether to accept it. The distinction's an important one, and firms are getting more aggressive about pursuing advisors who engage in illegal client contact. Witness Banc One's recent suit against five brokers who (the firm contends) illegally took information about high-net-worth clients with them when they defected to Smith Barney.
What NASD rules apply?
Because of the confusing nature of firm-switching rules, it's best to phone your regional NASD office and ask for guidance on your interaction with former clients. Then document the call.
What documents can I take with me?
You can't take company documents without permission, so it's a good idea to ask your former manager for copies of your former customers' statements. Why would a manager do such a thing? Because clients who feel abandoned are dangerous; they complain to the NASD, and they file lawsuits.
What investment strategies should I use before a move?
Same as you have been. Don't raise cash.
How long for a license transfer?
The NASD will approve any license on the same day, but your state can hold it up for 30 days.
On The Big Day, it's a good idea to send a one-page letter to clients telling them where you are. Send forms later when your new firm gives you the go-ahead. Execute mailings to all clients every two days for the first two weeks, in case you can't reach them all by phone. (You are prohibited from calling clients until the NASD and your state approve your license transfer, which they do via email to your compliance office after your old firm files the U5 electronically.)
The bottom line in all of this is simple: Plan ahead, and the transition will go that much more smoothly.
Writer's BIO:
Robert L. Hand is a Pan-American Financial Advisers financial consultant. His Web site, educates brokers on changing firms successfully. [email protected]


The following admissions overview is for international students (i.e. students who are not U.S. citizens, permanent residents, or refugees, and who are on temporary visas).
Official high school transcripts with senior year (or equivalent) courses must be issued by the school in a sealed envelope and mailed to the University.
For information related to the transferability of college/university credit from outside the US, please visit our One Stop Student Services page.
If English is not your native language (see below for more information).
If English is your native language, and no post-secondary education attended.
Only required if a student is in need of an I-20 form for F-1 student visa.
The Test of English as a Foreign Language (TOEFL) or The International English Language Testing System (IELTS) is required if English is NOT your native language.
TOEFL scores must be sent electronically by Education Testing Services (ETS) - code: 6873.


text:
2018-2019 Our 100th Season
Looking for previous CDC Seasons?
A FEW GOOD MEN
by Aaron Sorkin
Oct. 19 - 27
Fridays at 8:00pm
Saturdays at 8:00pm
10/21 & 27 at 2:00pm
Aaron Sorkin's groundbreaking debut tells the story of a group of military lawyers assigned to defend two Marines in Guantanamo Bay. During the course of the trial, they uncover a high-level conspiracy designed to eliminate weaker soldiers in the name of patriotism.
Veterans and active military: $15 tickets available at the door with ID.
"Enormously entertaining." - New York Daily News
"Plenty of wise cracking humor and suspense." - Time Magazine
"Fresh and adroitly updated and conditioned to our time and socio-political climate." - NY Post
SEUSSICAL
Book by Lynn Ahrens & Stephen Flaherty
Co-Conceived by LYNN AHRENS, STEPHEN FLAHERTY
and ERIC IDLE
Based on the works of Dr. Seuss
December 7- 16
Fridays & Saturdays at 7:30pm
Sundays at 2:00pm
Directed by Zachary Mazouat
Holiday fun for the whole family! Dr. Seuss' best-loved characters collide and cavort in an unforgettable musical. The Cat in the Hat tells the story of Horton the Elephant, The Grinch Who Stole Christmas, Mayzie La Bird, Gertrude McFuzz, Yurtle The Turtle, and the Whos. Ultimately, the powers of friendship, loyalty, family and community are challenged and emerge triumphant.
Music and Lyrics by BENNY ANDERSSON & BJÖRN ULVAEUS
And some songs with STIG ANDERSON
Book by CATHERINE JOHNSON
Originally Conceived by JUDY CRAYMER
FEB. 15-MAR. 2, 2019
FRIDAYS & SATURDAYS AT 8PM
SUNDAY FEB. 24 AT 2PM - SOLD OUT
Directed by Sean Eugene Lough
Over 60 million people worldwide have fallen in love with the characters, the story and the music that make Mamma Mia! the ultimate feel-good show! ABBA's hits tell the hilarious story of a young woman's search for her birth father. This sunny and funny tale unfolds on a Greek island paradise. On the eve of her wedding, a daughter's quest to discover the identity of her father brings three men from her mother's past back to the island they last visited 20 years ago.
Music by Alan Menken
Lyrics by Jack Feldman
Book by Harvey Fierstein
Based on the Disney film written by Bob Tzudiker and Noni White.
May 3-May 18
Sunday 5/12 at 2pm
Directed by John Menter
They delivered the papers, until they made the headlines... Newsies, the smash-hit, crowd-pleasing musical from Disney playing this May at CDC Theatre. A two-time Tony Award®-winning show, Newsies has audiences and critics alike calling it "a musical worth singing about!" (The New York Times). Filled with one heart-pounding number after another, it's a high-energy explosion of song and dance you don't want to miss.
Now is the time to seize the day with Newsies, playing May 3-18 at the CDC Theatre in Cranford, NJ!
Funding has been made possible in part by the New Jersey State Council of the Arts, Department of State, a partner agency of the National Endowment of the Arts, through a grant administered by the Union County Office of Cultural Heritage Affairs.