GRACE

• WASHINGTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- A $20 million donation to Howard University from Carrie Walton Penner and Greg Penner will support the GRACE Grant Endowed Fund, an initiative to eliminate college costs and keep first-year students enrolled through graduation.
• The GRACE (Graduation Retention Access to Continued Excellence) Grant program provides a 100% match to first-time undergraduate students who receive the maximum Pell Grant from the federal government, with additional funds available to students who have an expected family contribution (EFC) of $0.
• The average four-year graduation rate for EFC $0 GRACE recipients is 42 percent higher than those in the same category who did not receive GRACE funds.
• “The GRACE Grant program empowers students during a crucial moment in their academic lives through to college graduation.”
  Carrie and Greg added that they hope their support for the GRACE Grant program encourages others to do the same.

• We are raising our 2023 revenue guidance again, to $470 - $480 million,” said Joseph K. Belanoff, MD, Corcept’s Chief Executive Officer.
• Corcept’s third quarter 2023 revenue was $123.6 million, compared to $101.7 million in the third quarter of 2022.
• Net income was $31.4 million in the third quarter of 2023 compared to $34.6 million in the same period last year.
• Cash and investments were $414.8 million at September 30, 2023 compared to $363.3 million at the end of the prior quarter.

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• This groundwater provides almost 50% of all global domestic use and 43% of all the water used for agriculture.
• These facts and figures are in a recent World Bank report which unpacks issues facing groundwater in times of climate change.
• It’s vital that African countries address these as pressure increases on the continent’s water resources, through growing populations, development and changing weather patterns.

Key issues

• South Africa has used laws and policies to transfer the ownership of resources to the government.
• But this has led to issues around red tape and licensing permits, which determine how water is allocated.
• The success of permit systems depends on a thorough understanding of the resources, property owners’ compliance with granted user rights, and the enforcement of this regulation.
• These historical pieces of infrastructure have been abandoned in recent times, but could solve many of the water shortage issues in the semi-arid to arid areas of Africa.
• Human activities, such as over-pumping, could adversely affect how they function and lead to a loss of biodiversity.
• The conservation of these water bodies is of the utmost importance for the preservation of water resources and livelihoods.

Managing resources

• Coupled with good practical solutions, such as managing pump rates, this will sustain groundwater resources for many years to come.
• This is unfortunate as the ability to measure allows better management of groundwater resources.