Cost of the devastation caused by closing schools.

Image courtesy of Adobe Stock.

To the extent there was ever justification for closing schools, emerging research demonstrates it has been an extremely long time since any such justification evaporated. Research from Wharton shows the severe, lifelong cost of losing out on two or three semesters of education.

This is the fifth in a series of posts reminding us we have completed one year of “fifteen days to smooth the curve.” In California, we have started our second year of curve smoothing.

10/12/20 – Penn Wharton School of University of Pennsylvania, Budget Model website Covid: Trade-offs in School Reopening – Detailed economic analysis is thoroughly devastating to any argument there is any value in keeping schools closed and in fact there are substantive questions whether there was any value to closing any schools.

Summary

There will be permanent damage to the education level of most students with a serious adverse impact on lifetime earnings with a disproportionate impact on kids who are poor kids, disadvantaged kids, and persons of color.

Read the full article. Please.

Recap of the highlights:

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Devastation visible after an entire year of “15 days to smooth the curve”, college edition. Part 3.

Empty college campus. Image courtesy of Adobe Stock.

Articles describing the destruction in the education world have been noticable to me over the last several weeks. Most of the articles have discussed the devastation in primary and secondary education.

Here are a few articles describing disruption in higher education:

  • Alternatives to traditional non-campus higher education are growing.
  • What might a post-covid higher education world look like? One scenario.
  • Lots of class-action suits against colleges for refunds are getting dismissed.
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Devastation visible after an entire year of “15 days to smooth the curve.” Part 2.

One student who is focused on distance learning. She will do fine; notice she has two computers and her own space to study. Image courtesy of Adobe Stock.

Destruction in the education world has been noticable to me over the last several weeks. Most of the articles have discussed the devastation in primary and secondary education. There will also be major disruption in higher education.

Today’s articles:

  • 3 million missing kids.
  • Kids from poorer neighborhoods will suffer most from lost education.
  • Last December UNICEF warned against keeping schools closed.
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Devastation visible after an entire year of “15 days to smooth the curve.” Part 1.

Close up view of a closed school’s message board, encouraging students to keep learning and stay healthy amidst the coronavirus quarantine

Devastation on kids caused by the lockdown is becoming more visible with every day that passes. A few articles pointing this out:

  • Mental health of schoolchildren has suffered.
  • Even CDC finds kids are suffering.
  • It is past time to fix the mistake.
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Lockdown for the last year was a mistake.

The year-long lockdown has been okay if you are a member of the “Zoom class.”

As we finish our first year of shutting down education for our kids and shutting down the economy for everyone evidence is emerging of what a terrible mistake we made.

A series of posts will commemorate this regrettable anniversary.

Today’s articles:

  • Worst public health mistake in a century
  • Lockdowns okay for those of us fortunate enough to be a part of the “Zoom class”
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New claims for unemployment in week ending 3/13/21 are roughly same as last several months.

The number of new claims for unemployment for week ending 3/13/21 increased 45,000 after decling 29,000 the prior week. Those weekly changes are in the range of what has happened over the last six months. In other words, not a lot of improvement with plenty of ups and downs in the weekly new-claims tally.

Since 8/29/20, the new weekly claims ranged from a low of 711K to high of 965K. average since then is 812K. That means weekly new claims have been bad news for seven months in a row.

For context consider before the economic shutdown the new claims averaged about 220K per week, so after all these months of improvements we are still running about four times the previous norm.

Why this ongoing discussion?

If we’re going to understand what is happening in the economy we need to dive deeper into the numbers. For those of us who are CPAs providing audits and reviews, it helps us to have a deeper understanding of the overall economy.

Ponder the following graphs and you can make your own assessment.

News report

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Behold the creativity of cheaters.

Need to fabricate an excuse to bail on your meeting? There’s an app for that. Image courtesy of Adobe Stock.

I am continually amazed at the creativity of cheaters. A few examples in the news recently:

  • Restaurant offering receipts with menu items relabeled as office supplies
  • Generate disruptions to get out of a zoom meeting
  • Fake Covid test results

I mentioned these for the laughter value and more importantly for the educational value.

The stories are amusing. If you work in the finance area or are leading an organization, having an awareness of these schemes might help you recognize one if presented to you.

Your entertainment and anti-fraud training for the day:

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2020 giving trends for churches and religious charities based on ECFA survey.

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Finding data on prior year contribution trends early enough in the year to have analytical value in a review or audit has long been a challenge. Usable data for 2020 is now available in March. This is current enough to allow leaders in churches and ministries analyze the 2020 financial results in time for it to be actionable.

Throughout the pandemic the Evangelical Council for Financial Accountability (ECFA) has been conducting quarterly surveys of its members. Lots of data has been gathered and processed.

On 3/4/21, ECFA published the results of their survey of full year 2020 revenue and expense trends compared to 2019. They have graciously made the results of the survey available for free. You can find it on this page of Feature Surveys. Click on the “Free Download” button beneath the Remarkable Resilience survey report dated March 2021.

The survey is based on responses from 559 churches and 730 religious nonprofits. That is a total of 1,289 responses. ECFA has lots of subsectors for its membership. For those sectors with 20 or more responses, the survey aggregates and reports results.

Who would benefit from looking at this survey? Two groups.

First, finance teams and senior leadership of churches and religious nonprofits to see financial results for 2020 of a large group of their peers. This provides an incredible opportunity to see how other organizations are doing.

Second, CPAs performing reviews or audits of churches religious not-for-profit organizations can easily find industrywide information to use as a benchmark. As mentioned earlier, financial information is usually published long after most of the reviews and audits have been released. It is rare I can find anything that is actually usable.

High-level results from the ECFA survey are summarized into three broad categories:

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Public health officials in school district outside Toronto have gone off the deep end.

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The craziness from government officials is getting worse instead of better.

The Peel school district, headquartered in Mississauga, Ontario, Canada posted an official “recommendation” of a 14 day solitary quarantine for any child in the district sent home because someone else in the student’s classroom tested positive.

Yes, you read that right. If any child in a classroom is sent home because of a positive test, that means that every student in the classroom will be sent home.

Not only that, but the school district also “recommends” every child in the classroom be quarantined, by themselves, in a separate room, for 14 days.

No contact with mommy. No contact with daddy. No contact with siblings. No contact with anyone else.

In case you think I’m making this up, check out this coverage:

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Ongoing damage from the economic shutdown.

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Only have one post since the start of the year on the damage caused by the government imposed shutdown of education, the economy, travel, and health systems. That’s not because the damage is easing up. It’s just because I’ve not taken the time to write about the articles I see every day.

The damage continues. Merely a few of the articles of recent interest:

  • Widespread mental health damage is falling disproportionately on younger people.
  • Lost schooling may have lifetime impact on individuals and the entire economy.
  • Restaurants are particularly hard hit by the repeated close, open, close, open cycles.
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Supreme Court to California: “No, really. The 1st amendment protects everyone. We mean it.”

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Apparently neither officials in Santa Clara County nor a panel of the Ninth circuit Court of Appeals were able to read the injunction issued by the Supreme Court or that the state allowed indoor worship.

After the injunction allowing indoor worship was issued and after the state of California allowed indoor worship up to 25% of capacity, it should have been obvious to officials in the county and all the judges on the Court of Appeals that indoor worship was allowed.

Seems like said officials and judges were not able to comprehend the order.

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Great news! California allows indoor worship services, partially reinstating the First Amendment.

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Effective 2/6/21, the state of California will allow indoor worship services, with attendance limited to 25% of capacity. The revised public health order can be found here.

The health order says the linked guidance found here for places of worship is being updated. The document, COVID-19 Industry Guidance: Places of Worship and Providers of Religious Services and Cultural Ceremonies, requires social distancing and specific cleaning protocols.

It also bans singing and chanting.

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Devastation caused by the shutdown is growing with each week that passes.

We are now in the third semester of closed schools. How much permanent damage is this causing? Image courtesy of Adobe Stock.

The destruction caused by the shutdown is frightening. The cost continues to mount with every week the economy is shattered by government edict.

Here is a small sampler of articles visible over recent weeks:

  • Damage to schoolkids is severe and could be permanent.
  • One out of five renters in the country are behind – how will he ever catch up?
  • Over half a million employees in the higher education sector have lost their jobs.

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Supreme Court partially reinstates First Amendment for two California churches.

First Amendment text of the US Constitution on old parchment paper. Image courtesy of Adobe Stock.

In two rulings late on Friday, 2/5/21, the Supreme Court issued emergency injunctions in favor of two California churches allowing them to resume in-person worship services on 2/7/21.

The longer ruling with multiple concurring or dissenting opinions was issued on behalf of South Bay United Pentecostal Church, located in San Diego. The follow-on injunction, issued after the first, is shorter. It was issued on behalf of Harvest Rock Church, with its main campus in Pasadena, California and a large number of other campus locations around the state.

The day after the rulings were issued, Gov. Newsom’s office said the state will revise its public health orders regarding indoor worship services. For a brief reference on the issue see In Valley Daily bulletin on 2/6/21 – Newsom says state will revise indoor worship guides after Supreme Court ruling.

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San Diego church files emergency request for an injunction with Supreme Court.

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Well, that didn’t take long.

On Thursday, 1/21/21 the Ninth Circuit Court of Appeals denied an appeal from South Bay United Pentecostal Church, in Chula Vista, California, requesting an injunction to allow them to worship indoors.

On Monday, 1/25/21, the church filed an emergency appeal with the United States Supreme Court requesting an immediate injunction.

This case was discussed yesterday: With eyes tightly closed, District courts and Ninth Circuit Court of Appeals rule than ban on indoor worship is a perfectly acceptable infringement on Free Exercise clause.

To end the irreparable harm caused by unwarranted infringement on free exercise clause of the First Amendment, the church requested an injunction in order to allow worship by 1/31/21. The state of California has until 1/29/21 to file their response.

The church’s attorney explained why the church is back at the Supreme Court and why church leadership is so confident SCOTUS will issue an injunction:

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