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The New US Education Rules Throw International Students into Crisis

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Immigration and Customs Enforcement (ICE) announced modifications Monday that temporarily exempt non-immigrant students. The decision cuts across all categories of the Student and Exchange Visitor Program (SEVP), including the F-1 and M-1 students.

The news release published by the Department of Homeland Security said non-immigrant students are not allowed to switch to only online classes or change their course selection to participate in online classes only.

“Non-immigrant students within the United States are not permitted to take full course of study through online classes. If students find themselves in this situation, they must leave the country or take alternative steps to maintain their non-immigrant status such as a reduced course load or appropriate medical leave,” the news release said.

The development has thrown thousands of international students into risk of deportation. COVID-19 pandemic is forcing universities in the United States to switch completely to online studies, but for international students, it means leaving the United States.

The “alternative steps” suggested by ICE means transferring to schools with in-person instruction because universities using a hybrid model, such as a mix of online and in-person classes are exempt. But it is not so easy to transition to other schools in the middle of global health crisis, which means, it will only heighten the anxiety of the unprepared students.

But the guidance is seen as a result of president Trump’s push for schools to resume this fall. The guidelines’ announcement was made by the Immigration and Custom Enforcement on the same day that universities announced they’re going completely online.

Trump has insisted that schools and universities return to in-person instruction as soon as possible and reiterated his preachment for schools to resume in the fall after the guidance was announced.

Brad Farnsworth, vice president of the American Council on Education that represents about 1,800 students, said the announcement caught him and many others by surprise.

“We think this is going to create more confusion and more uncertainty. What we were hoping to see was more appreciation for all the different possible nuances that campuses will be exploring,” he said.

The situation is even more challenging considering that many countries are still on coronavirus lockdown that restricts international travels. And if in the fall the health crisis deteriorates, forcing the universities running the hybrid model to go completely online, the students’ lifeline would be quashed abruptly, leaving them in the middle of nowhere.

CNN reported that Theresa Cardinal Brown, director of immigration and cross-border policy at the Bipartisan Policy Center saying the situation doesn’t question the credibility of these universities, the problem is coronavirus.

“These are not some fly-by-night universities, these aren’t scams, these are legit universities who would normally have in-person curricula but for coronavirus. The bigger issue is some of these countries have travel restrictions on and they can’t go home, so what do they do then? It’s a conundrum for a lot of students,” she said.

For some universities, the ICE decision doesn’t come close as a solution to a complex problem. Harvard University that has moved all its classes online expressed concern over the plights that international students have been thrown into.

Larry Bacow, Harvard University president said the development undermines the thoughtful approach many institutions have taken on behalf of the students.

“We are deeply concern that the guidance issued today by US Immigration and Customs Enforcement imposes a blunt, one-size-fits-all approach to a complex problem giving international students, particularly those in online programs, few options beyond leaving the country or transferring schools” Bacow said.

He added that the guidance by ICE “undermines the thoughtful approach taken on behalf of students by so many institutions, including Harvard, to plan for continuing academic programs while balancing the health and safety challenges of the global pandemic.”

Many see the guidance as part of Trump’s way of advancing his anti-immigration policies. The Trump’s administration has intensified anti-immigration rules recently, using the COVID-19 pandemic as an excuse. Last month, the administration announced the ban on immigrant visas on the alibi of safeguarding jobs for the American people.

Though Bacow said they “will work closely with other colleges and universities around the country to chart a path forward,” the conditions appear to give the institutions a little or no choice. Part of the rules says that international students won’t be spared from deportation even if an outbreak forces their schools to move from in-person classes to online during the fall semester.

Financial Modelling in Tekedia Institute

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To help our members deepen capabilities in financial modelling, our expert, Michael Olafusi will anchor a day during Review Week. Mike has received the Microsoft Most Valuable Professional (MVP)award  six times. He developed that Nigerian financial market analysis tool in Microsoft Office store and he led the development of the Nigerian stock analysis digital board. He created the Nigeria Market Data platform and has managed many financial modelling projects. Besides his regular Tekedia Mini-MBA session, the video session will help our members on financial modelling. Mike holds MBA and earned BEng from one of Nigeria’s best technical universities (FUT, Akure). I am confident after his session, we can all understand how to build financial models for our functional areas, companies or startups. Financial templates will be provided.

He is a Certified Advanced Financial Modeler (AFM), a 6-time Microsoft awarded Most Valuable Professional (MVP),a MCSA BI Reporting expert, and a Microsoft Certified Trainer (MCT).  He is a Financial Modelling and Valuation expert at California-based TopTal whose client base includes many fortune 500 companies. Michael Olafusi is the Lead Consultant at UrBizEdge and a Financial Analyst Fellow at Brightmore Capital where he analyses financial statements of prospective investments, reviews business plans, does financial modelling of projections and growth plans, and models valuation of potential investments (asset value, comparables, DCF, etc.), et.

 

6-Time Microsoft MVP To Lead Session on Financial Modeling & Tools at Tekedia Mini-MBA

 

Measure What Matters: Long-term Value Creation Will Always RULE

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The challenge before CEOs/founders is to make sure that the post-pandemic frictions are still relevant in their missions. I noted how some people are giving up coffee, after surviving lockdown without Starbucks. Yes, nothing bad happened without the coffee rituals. So, post-pandemic, they are now saving that $6 per cup of coffee, causing massive dislocations in the friction space for some coffee providers like Starbucks. So, even though coffee remains a market-fit product, the pandemic has changed it, at least for now. That is a change in a market and must be modelled in the playbook.

You cannot afford to be pursuing pandemic-fit opportunities, losing insights on the durable market-fit ones. You need to think long-term even as you take care of today’s opportunities: long-term (not ephemeral) value creation will always RULE.

Yes, as U.S. doctors abandon tele-medicine despite the optimism during the pandemic, many providers are learning that old habits do not just die easily. Tele-medicine does not fit into the insurance business model and doctors, especially in small clinics, struggle to get paid. But with in-person visits, insurers pay faster. So, fixing this paralysis in the U.S. will not come via just a better tele-medicine product, but rather, fixing the insurance framework. Until you measure, you will not understand what is driving the numbers.

Physicians initially responded to these changes. Based on a sample of more than 50,000 clinicians who are clients of Phreesia, a health care technology company where two of us (D.L. and H.H.) work, we saw a sudden and dramatic rise in telemedicine (see the chart below). From almost no telemedicine visits before the pandemic struck in the U.S., by early April almost 14% of the usual weekly number of pre-pandemic visits were being conducted via telemedicine. The assumption among many was that, after witnessing the benefits of telemedicine, physicians and patients would embrace it and growth would continue.

That hasn’t happened. In fact, the use of telemedicine is now steadily declining and during the week of June 14 was used for only 8% of the usual pre-pandemic number of visits.

Capstone for Tekedia Mini-MBA Certificate Courses

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Tekedia Certificate courses are completely capstone-based. Tekedia capstone is a research paper or a case study exploring a topic, market, sector or a company.  You must have attended, begun or about attending Tekedia Mini-MBA to qualify to register. At the moment, we cover the following areas:


Sample Topics

You will pick a topic which the Institute will approve. Then you will go and execute that project. Think of this as a final year student product in a university. We expect it to last a maximum of 3 months. The member will submit a report at the end of the capstone. For someone who wants to start a business, you may choose a topic to do market study in that sector. You design a questionnaire and execute your study. Essentially, the essence of this is to apply what you have learnt in the Mini-MBA to produce a practical business document. Here, we provide potential capstone topics (the topics are limitless):

  • Developing a digital logistics strategy in Lagos
  • Agribusiness Business plan for ABC Limited  
  • Market study for website design business in Northern Nigeria
  • The competitiveness positioning of Jumia in African ecommerce
  • The future of fintech in Ghana
  • Implication of AI technologies in African banking
  • My personal career roadmap: 3, 5 and 10 years
  • Building wealth via Treasury Bills
  • Business longevity roadmap for ABC Limited
  • Angel investing market in Kenya
  • A comprehensive business plan with market data for ABC Limited
  • Mobile banking and impact of USSD

Procedures

Here are what to do:

  1. Pay, if you have not, for the Certificate program  here
  2. Send evidence of payment to Admin (email below). Include the Certificate program or programs you have selected (e.g. CBIS, CPFM)
  3. Email three research topics as suggestions for Admin to approve. If you chose more than one certificate program, you need to have three suggestions for each. Where you have registered for multiple programs, we will give you enough time to work on them. You do not need to have completed Mini-MBA to begin your capstone; both can run concurrently to save you time. 
  4. A small committee looks at the three proposed topics and then picks one. Once that is done, the member is asked to develop the topic. Here are options:
    • (A) Submit a one-page study structure: tell us how you plan to approach this research or project OR
    • (B) Submit a work-in-progress table of contents: tell us potential topics of sections in this work
    • While you can do both, we need just one. Once that is done, you will receive comments. Then, you begin your study.
  5. Begin your work and keep in touch with Admin with any question.
  6. Submit report or reports to Admin
  7. The Institute evaluates, and sends feedback. Update the report or reports where necessary and finalize.
  8. Receive your certificate(s) from Tekedia Institute for completing the work.

Contact: tekedia@fasmicro.com

Discord Raises $100m to Expand its Community Beyond Gaming

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Discord, the gaming platform that is gradually turning into a communication hub, has raised $100 million to expand its function and services.

Launched in 2015, Discord has grown to attract millions of users who find its peculiar features including reliability, anonymity and focus on voice over video captivating.

Discord allows users to join a voice call at any time and type in various channels to communicate with other gamers. They can sit in a call and listen to music, mute themselves so they can’t hear anyone else when they don’t want to. People can appear online only to friends without speaking.

The platform has witnessed massive growth during the coronavirus pandemic, increasing its monthly active users to more than 100 million, a 47% increase since February. And it is expanding its services in countries where it had failed to flourish in the past, including the United States, Spain, France and Italy.

Discord uses Nitro, its subscription service that unlocks the use of custom emoji on the platform and livestreams at a higher resolution, to generate revenue. In 2020, it set to have $120 million in revenue, an addition of $50 million compared to last year’s $70 million earning. The platform is boasting a $3.5 billion valuation according to Forbes.

Discord has raised a total of $379.3 million including the new funding it announced last week.

“This is just the beginning of Discord’s journey to be a place for all of your communities to talk and build relationships. We’re around for the long haul. Many of you have already signed up for Nitro, which has taken off over the last couple of years, and our recent $100 million in additional funding will help accelerate our investment in the community, new features, and the company,” Discord blog post said.

As of 2019, about 30% of Discord users don’t use it primarily for gaming. It has overtime become a hub of interaction for many; parents, teachers, fashion enthusiasts, Korean pop music fans and a host of others use it to connect. And that poses a challenge of diversification to the platform as its audience grows.

Users spend 4 billion minutes in conversation daily across 6.7 million active servers. That means a weekly 26 billion server conversations across 13.5 million active servers. They are more talkers than gamers, and Discord knows that it is time for a change.

“As you have used Discord for more and more than playing games, our branding didn’t keep up, and the way we talked about ourselves sent the wrong signal to the world, making it harder for you to bring your broader community on Discord.

“Today, we’re inviting the world in to reveal what we’ve been working on, all designed to make it easier for you to invite your communities and friends to your Discord home. And this is just the beginning,” the post said.

Discord has complex features that throw new users off unlike other video platforms with fewer features and easy to navigate buttons. The CEO Jason Citron acknowledged the complexity saying: “We know that the first few interactions someone has with our service could be intimidating because Discord is complex with many features.”

The new round of funding means the platform will work to fix a lot of things, especially making more room for those who use the platform for communications.

“We’ve streamlined the new user onboarding experience and added server video so it’s easier than ever to get together,” Citron said “There are new server templates that make it super easy to help your friends create new servers. We fixed hundreds of bugs, increased voice & video capacity by 200 percent, and continue to invest in reliability and performance as our top priority.

“We’ve also made the jokes and references within the app less gaming specific to make sure everyone can take part in the fun and make Discord more welcoming. And we are launching a new website with a new tagline: Your place to talk.”

Citron said they have added things that are prompts and almost like conceptual road signs to help users understand some features that seem complex.

The platform doesn’t require users to verify their identities and also allows them to create private servers that can’t be searched. These features are believed to have made Discord a darling choice among white supremacists who have used it to host rallies promoting their ideology. Citron said the new redesign will involve rules that will rid the platform of hate and discrimination.