ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages HUMBL, LLC Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – HMBL

NEW YORK, June 15, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of HUMBL, LLC (OTC: HMBL) and/or the Company's unregistered digital asset (sold as BLOCKS Exchange Traded Index ("ETXs") on various cryptocurrency exchanges) between November 1, 2020 and May 19, 2022, both dates inclusive (the "Class Period") of the important July 19, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Humbl securities and/or the Company's ETXs during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Humbl class action, go to https://rosenlegal.com/submit–form/?case_id=6398 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 19, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants violated provisions of the Exchange Act by making false and misleading statements concerning the Company's growth prospects, technological advancements, international partnerships, and financial benefits for Humbl common stock and digital asset investors, as well as using selectively timed announcements to keep Humbl stock price high so that Company insiders could sell off their holdings into artificially created volume. The complaint also alleges that defendants violated provisions of the Securities Act by selling its unregistered securities (BLOCK ETX digital assets) to investors.

To join the Humbl class action, go to https://rosenlegal.com/submit–form/?case_id=6398 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


ROSEN, A TOP RANKED LAW FIRM, Encourages First High-School Education Group Co., Ltd. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – FHS

NEW YORK, June 15, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of First High–School Education Group Co., Ltd. (NYSE: FHS) pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's March 2021 initial public offering ("IPO" or the "Offering") of the important July 11, 2022 lead plaintiff deadline.

SO WHAT: If you purchased First High–School Education Group securities pursuant and/or traceable to the Registration Statement you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the First High–School Education Group class action, go to https://rosenlegal.com/submit–form/?case_id=6131 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 11, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the IPO Registration Statement was materially false and misleading and omitted to state: (1) the new rules, regulations, and policies to be implemented by the Chinese government following the Two Sessions parliamentary meetings were far more severe than represented to investors and posed a material adverse threat to First High–School Education Group and its business; (2) contemplated Chinese regulations and rules regarding private education were leading to a slowdown of government approval to open new educational facilities which would have a negative effect on First High–School Education Group's enrollment and growth; and (3) as a result, the Registration Statement's representations regarding First High–School Education Group's historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of First High–School Education Group at the time of the IPO, and were materially false and misleading and lacked a factual basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the First High–School Education Group class action, go to https://rosenlegal.com/submit–form/?case_id=6131 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


ROSEN, A LEADING LAW FIRM, Encourages Digital Turbine, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – APPS

NEW YORK, June 15, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Digital Turbine, Inc. (NASDAQ: APPS) between August 9, 2021 and May 17, 2022, both dates inclusive (the "Class Period"), of the important August 5, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Digital Turbine securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Digital Turbine class action, go to https://rosenlegal.com/submit–form/?case_id=6272 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The complaint filed in this class action alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Digital Turbine's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) Digital Turbine's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) Digital Turbine's internal control over financial reporting as to revenue recognition was deficient; (4) as a result of the foregoing, Digital Turbine's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about Digital Turbine's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Digital Turbine class action, go to https://rosenlegal.com/submit–form/?case_id=6272 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Dentsply Sirona Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – XRAY

NEW YORK, June 15, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the common stock of Dentsply Sirona Inc. (NASDAQ: XRAY) between June 9, 2021 and May 9, 2022, both dates inclusive (the "Class Period"), of the important August 1, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Dentsply common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Dentsply class action, go to https://rosenlegal.com/submit–form/?case_id=6111 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 1, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants orchestrated a scheme to inflate Dentsply's revenue and earnings by manipulating its accounting for a distributor rebate program in order for senior executives to be eligible for significant cash and stock–based incentive compensation; (2) in order to facilitate this scheme, Dentsply and its executives made numerous false and misleading statements to investors during the Class Period; (3) accordingly, Dentsply's financial statements were not prepared in accordance with GAAP and SEC rules, and Dentsply's internal controls over financial reporting were deficient throughout the Class Period; and (4) as a result of defendants' misrepresentations, Dentsply's common stock traded at artificially inflated prices during the Class Period. As a result of the foregoing, When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Dentsply class action, go to https://rosenlegal.com/submit–form/?case_id=6111 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


IRNT TUESDAY DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages IronNet, Inc. Investors With Losses to Secure Counsel Before Important June 21 Deadline in Securities Class Action – IRNT

NEW YORK, June 15, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of IronNet, Inc. (NYSE: IRNT) between September 15, 2021 and December 15, 2021, inclusive (the "Class Period"), of the important June 21, 2022 lead plaintiff deadline.

SO WHAT: If you purchased IronNet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the IronNet class action, go to https://rosenlegal.com/submit–form/?case_id=5641 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 21, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) IronNet had materially overstated its business and financial prospects; (2) IronNet was unable to predict the timing of significant customer opportunities which constituted a substantial portion of its publicly–issued FY 2022 financial guidance; (3) IronNet had not established effective disclosure controls and procedures to reasonably ensure its public disclosures were timely, accurate, complete, and not otherwise misleading; and (4) as a result, defendants' public statements were materially false, misleading, and/or lacked any reasonable basis in fact at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the IronNet class action, go to https://rosenlegal.com/submit–form/?case_id=5641 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


McKinsey & Company’s new research shows the metaverse could grow up to $5 trillion in value by 2030

NEW YORK and LONDON and PARIS, June 15, 2022 (GLOBE NEWSWIRE) — McKinsey & Company released its new report "Value creation in the metaverse," which shows the metaverse may be too big to ignore. McKinsey's preliminary forecast shows the metaverse has the potential to grow up to $5 trillion in value by 2030. It shows e–commerce as the largest economic force ($2.6 trillion), ahead of sectors such as virtual learning ($270 billion), advertising ($206 billion), and gaming ($125 billion).

As companies of all different shapes and sizes look to enter the metaverse, this extensive report provides a clear view of what the metaverse is and is not, what first movers are doing, what's fueling the investment, and the potential for consumer and B2B companies.

The report builds on multiple proprietary insights and analysis, including a survey of more than 3,400 consumers and executives on adoption of the metaverse, its potential, and its likely impact on behavior. The researchers also interviewed metaverse builders and industry experts.

"The metaverse represents a strategic inflection point for companies, and it presents a significant opportunity to influence the way we live, connect, learn, innovate, and collaborate," said Eric Hazan, senior partner, McKinsey & Company. "Our ambition is to help leaders of both consumer and B2B companies better understand its power and potential, identify strategic imperatives, and act as a force for its evolution."

What's fueling the metaverse investment
Already this year, companies, venture capital, and private equity firms have invested more than $120 billion in the metaverse""more than double the $57 billion invested in all of last year.

Multiple factors are driving this investor enthusiasm:

  • ongoing technological advances across the infrastructure required to power the metaverse
  • demographic tailwinds
  • increasingly consumer–led brand marketing and engagement
  • increasing marketplace readiness as users explore today's version of the metaverse, which is largely driven by gaming while applications emerge in socializing, fitness, commerce, virtual learning, and other uses

Already, more than three billion gamers worldwide have access to different versions of the metaverse.

"While the idea of connecting virtually has been decades in the making, it is now increasingly real, meaning real people are using it and spending real money and companies are betting big," said Lareina Yee, senior partner, McKinsey & Company. "Yet this booming interest has made it difficult to separate hype from reality. It's worth remembering that while the bust of the first dot–com boom resulted in the disappearance of scores of companies, the internet itself went from strength to strength, giving rise to new entrants."

Consumers are already engaging in the metaverse
Consumers are already there. McKinsey's research shows consumers are excited about transitioning life into the metaverse, with almost six in ten (59%) consumers preferring at least one metaverse experience over its physical alternative.

Among those consumers, certain types of activities stand out for being most preferred in the immersive world:

  • shopping""purchasing physical or virtual goods (79%)
  • attending virtual social events or playing social games (78%)
  • exercising using virtual reality (76%)

Senior leaders believe the metaverse will have a significant impact on their industry
Business leaders see the metaverse's potential to drive impact and margin growth. Ninety–five percent of leaders say they expect the metaverse to have a positive impact on their industry within five to ten years, with 31 percent saying the metaverse will fundamentally change the way their industry operates. More significantly, a quarter of leaders expect the metaverse technology to drive more than 15 percent of their organization's total margin growth in the next five years.

"The metaverse has put us at the cusp of the next wave of digital disruption," said Tarek Elmasry, senior partner, McKinsey & Company. "It's transformative. It will likely have a major impact on our commercial and personal lives, which is why businesses, policy makers, consumers, and citizens may want to explore and understand as much as they can about this phenomenon, the technology that will underpin it, and the ramifications it could have for our economies and wider society."

For more insights and to read the full report, please click here.

About the report
McKinsey surveyed more than 3,400 consumers and senior executives across Asia""Pacific, China, Europe, and the United States to gain insight into the habits of current metaverse users""their motivations, what they are doing, and what they expect to do. In analyzing the metaverse's value–creation potential and total investment landscape, we examined the drivers of activity among major corporations, venture capital, and private–equity funds. We examined the potential impact of the metaverse on sectors most closely tied to its technology and uses, supplementing our work with additional research, case studies, and real–world examples. The report also includes an in–depth analysis of five industries: apparel, fashion, and luxury; consumer packaged goods; financial services; retail; and telecommunications, media, and technology.

About McKinsey & Company
McKinsey & Company is a global management consulting firm committed to helping organizations realize sustainable, inclusive growth. We work with clients across the private, public, and social sectors to solve complex problems and create positive change for all their stakeholders. We combine bold strategies and transformative technologies to help organizations innovate more sustainably, achieve lasting gains in performance, and build workforces that will thrive for in this generation and the next.

About Growth, Marketing & Sales, McKinsey & Company
The mission of McKinsey's Growth, Marketing & Sales Practice is to help leaders of both consumer and business–to–business clients create Growth That Matters through meaningful transformations and marketing–driven profit. The practice helps its clients set their strategic direction, develop their marketing and sales capabilities, and connect their organization to realize the full potential of today's omnichannel opportunities. Clients benefit from McKinsey's experience in core areas of growth, marketing and sales such as growth strategy, branding, customer insights, marketing ROI, digital marketing, CLM, pricing, and sales and channel management.

For more information, please contact
US media contact: MaryLiz Ghanem, DiGennaro Communications, McKinsey–DiGennaro@digennaro–usa.com, +1 917 518 8422

UK media contact: Ruth Jones, 3THINKRS, mckinsey@3thinkrs.com, +44 0208 0872843


Ending Hunger in America: Here’s What the White House Conference on Hunger, Nutrition and Health Should Do to Be Inclusive

Hunger and food insecurity impact more than 38 million Americans. Black and Hispanic families and other minority groups including LGBTQ folks, consistently and disproportionally experience food insecurity.

By Esther Ngumbi
URBANA, Illinois, USA, Jun 15 2022 – This September, the White House will convene a conference on Hunger, Nutrition, and Health. Leading up to the conference, the White House is organizing several virtual listening sessions across America to hear firsthand from people impacted by food insecurity and to collect ideas about how to end hunger and hunger-related diseases and disparities.

Hunger and food insecurity impact more than 38 million Americans. Black and Hispanic families and other minority groups including LGBTQ folks, consistently and disproportionally experience food insecurity compared with their white and straight counterparts particularly. Thus, this attention to the issue is long overdue.

African Americans still trail Whites in the overall use of the internet; 34% of Black adults do not have access to home broadband and 30.6% of Black households lack high-speed home internet. In addition, racial minorities and those with lower education levels and income are less likely to have broadband service at home

However, the strategy the White House is taking – hosting virtual listening sessions – is problematic in many ways. As much as they have good intentions, it may not yield the much-needed input necessary to accelerate progress and make significant policy changes to end hunger.

Instead, sadly, the White House hearings will likely only provide a small picture of the problem as it will be an effort the privileged are most able to join. Participating in these hearings necessitates that you have access to the Internet and you are aware of the listening sessions.

This likely means you are part of networks or have access to channels where the announcement was disseminated. Most importantly, joining the listening sessions is something that one must have the privilege of extra time to attend.

Unfortunately, Americans who are impacted hardest by food insecurity – the people President Joe Biden and Vice President Kamala Harris need to hear from – may not have one or all of these privileges. For instance, if we look at Internet access, according to Pew Research Center Report,

African Americans still trail Whites in the overall use of the internet; 34% of Black adults do not have access to home broadband and 30.6% of Black households lack high-speed home internet. In addition, racial minorities and those with lower education levels and income are less likely to have broadband service at home.

Moreover, according to Pew Research, 10 percent of Americans that do not use the internet live in rural areas– areas where food insecurity is prevalent. The major reason many Black families living in urban and rural communities do not have access to the privilege of having internet access is the cost.

Unsurprisingly, because of persistent racial inequities, African Americans and other minority groups that are most impacted by hunger may not have the privilege of time, since many have to work two or three jobs just to make ends meet.

Worse still, for many African Americans, despite working more every year, they hold much less wealth and experience higher rates of unemployment and have no tangible economic advancements.

Thus, rather than hold virtual listening sessions only to create a national plan on how to address hunger and food insecurity, the White House should consider adding other creative platforms to be more inclusive.

The most obvious one to implement is bringing the listening tours offline to the people in the communities and spaces where food security impacted people live in.

The easiest way to do this is to hold meetings and convening gatherings where people already go. As an example, the White House could convene in-person roundtable listening sessions at food banks across America, where according to Feeding America, close to 60 million Americans who are food insecure visit regularly.

Doing so would require the White House to partner with food banks and other organizations where people impacted by food security get food from.  Another prime location for listening sessions would be churches. Churches have an existing relationship with their participating members and can be used as a platform to solicit for stories and ideas.

The Center for Disease Control and other groups  that worked to increase the number of people that got vaccinated successfully undertook this same tactic and saw an increase in the number of people agreeing to be vaccinated. As an example, partnering with Black and African American churches in areas with low vaccination rates resulted in an increase in the number of people getting vaccinated.

Additionally, rather than hold a few virtual listening sessions that have set dates and times, the White House could partner and coordinate with hunger and food insecurity community-based organizations that have existing relationships with the people so that they hold multiple listening sessions.

These groups can create ways for additional feedback and ideas to be shared with the White House, and at the same time, the White House can use these community-trusted organizations to share additional updates on future White House efforts to end hunger. It’s a win -win.

Without a doubt, solving complex problems like hunger and food insecurity needs to be a united effort where everyone’s input, voice, and ideas are listened to and considered.

Achieving that necessitates that the White House considers other creative ways to solicit ideas and stories from those who have been impacted by hunger and food insecurity and to center the ideas they provide in the national plan outlining how America will end hunger. It is the right thing to do.

Dr. Esther Ngumbi is an Assistant Professor at the University of Illinois at Urbana Champaign, and a Senior Food Security Fellow with the Aspen Institute, New Voices.

Assisting At-Risk Youth Becomes Life’s Work for Trafficking Survivor

The Helping Young People Elevate (HYPE) Center is a center that is designed for youth who experienced homelessness, human trafficking, and systematic oppression.

The Helping Young People Elevate (HYPE) Center is a center that is designed for youth who experienced homelessness, human trafficking, and systematic oppression.

By SeiMi Chu
Stanford, Jun 15 2022 – Arien Pauls-Garcia’s journey to working with at-risk youth in California was long and dangerous and started at 19 when she found herself sold and exploited by traffickers.

Now, she is the Program Manager and Victims Advocate for at-risk minors at the Central Valley Justice Coalition in Fresno, California. She works with youth identified as at-risk of being sexually exploited.

It took time, grit, and strength for Pauls-Garcia to come this far.

Pauls-Garcia grew up in poverty in Humboldt County, California. As she went through tough family situations, such as having several stepdads and her mother experiencing numerous mental health problems, she used MySpace, a social networking platform, to talk to someone who would understand her.

She met a man who turned out to be a ‘Romeo pimp,’ a commonly used term to define traffickers seducing young girls or boys into believing they were loved. Romeo then sold her to another man with whom she spent four years.

Pauls-Garcia went through traumatic experiences—she was beaten, raped, branded, and forced to have an abortion by her traffickers.

“I experienced very horrific things that a person should never experience. I didn’t run or leave because of the shame, guilt, and embarrassment. I believed it was my choice to be in that situation and that I would not be accepted back into society,” Pauls-Garcia reflected.

When Pauls-Garcia escaped her trafficker, she tried to figure out how to become a person and not an object for sale.

“I really wanted to contribute to society and figure out my goals. I attempted to find a job for a year and a half,” Pauls-Garcia elaborated. She could not find employment because she had a record of misdemeanor charges of solicitation and trespassing.

However, through determination, she slowly built her life. This year marks her 10th freedom anniversary. She became one of the faces of the AB-262 bill. This new legislation allows human trafficking survivors to apply for vacatur relief by establishing clear and convincing evidence that arrests and convictions directly resulted from human trafficking.

Pauls-Garcia is also working on getting her record cleared up. She will graduate with her Bachelor of Science in Justice Studies at Grand Canyon University and plans to apply for law school.

As she continues to build her life, Pauls-Garcia wants human trafficking victims to know that the journey will be hard.

“It won’t always be sunshine and daisies. But the work that you put into yourself will be worth it in the end. If you mess up, that’s okay. You don’t have to ever go back to that life; there will always be a solution to our problem. Just keep fighting for it, and it will happen,” Pauls-Garcia said with powerful conviction.

California received the highest number of substantive signals related to human trafficking out of all 50 states in 2020.

Signals made to the National Human Trafficking Hotline in California increased in 2020. Compared to the hotline’s data report in 2019, more than 113 phone calls, 187 texts, and 20 webchats in 2020 were made.

Signals made to the National Human Trafficking Hotline in California increased in 2020. Compared to the hotline’s data report in 2019, more than 113 phone calls, 187 texts, and 20 webchats in 2020 were made.

National Human Trafficking Hotline connects victims and survivors to services and support groups.

In National Human Trafficking Hotline’s 2019 California data report, 3,184 phone calls, 935 texts, 208 emails, and 88 webchats were made to the line. However, the signals increased in 2020—more than 113 phone calls, 187 texts, and 20 webchats were made in 2020 than in 2019. The number of human trafficking cases continues to rise in California.

Marty Parker, Special Agent at the Federal Bureau of Investigation (FBI), noticed increased human trafficking cases since the pandemic.

“I can imagine that there were potentially people who had lost their jobs because of COVID-19. And were, therefore, desperate, which either got them into prostitution on their own or were more vulnerable to be trafficked into prostitution,” Parker said as reflected on the impact of the pandemic on human trafficking.

Parker handles child exploitation and human trafficking cases. Her squad is located in Oakland, California, and they work joint proactive operations with local police departments. Her job includes many tasks, such as recovering victims of trafficking, arresting suspected pimps and traffickers, and making contacts with law enforcement agencies.

“What we see on a day-to-day basis is people who are being trafficked are US citizens, normal people, your friends, kids, neighbors. This is everybody’s problem. This is a domestic problem. It impacts every city and every town,” Parker said.

In 2013, Parker’s squad successfully prosecuted a popular escort website called MyRedBook. The website included advertisements for girls and pornography.

“If we’ve got a girl who needs justice, we’re going to go after the bad guy. If there’s a missing kid, we’re going to find them,” Parker stated.

Parker works on human trafficking cases to give a voice and justice to survivors. Many of them were taken away from their families, and their childhood was stripped away. Parker said housing was a huge issue when survivors tried to regain their lives. Since there are a limited number of temporary and domestic violence shelters, sometimes there are no empty beds.

SF SOL (Safety, Opportunity, Lifelong relationships) Collaborative aims to create a continuum of care for youth experiencing or are at risk of experiencing commercial sexual exploitation. They have served over 300 youth so far. The California Department of Social Services funds them. Their collaborating partners include the City and County of San Francisco, Department on the Status of Women, Freedom Forward, WestCoast Children’s Clinic, Family Builders by Adoption, and Huckleberry Youth Programs.

Nazneen Rydhan-Foster, Program Manager of SF SOL, oversees the budget, project management, and anti-trafficking initiatives. One of their successful projects includes collaborating with the Helping Young People Elevate (HYPE) Center.

The HYPE Center is designed for youth who experience homelessness, human trafficking, and systematic oppression.

“What’s great about this center is that it’s made by youth and for youth. We really hope to see this center live on, be there, and serve the youths in San Francisco.”

The center went through some rough moments because they had to shut down their center when COVID-19 hit. However, they slowly opened up.

Breaking the Chains, a non-profit organization in Central San Joaquin Valley, California, started with a safe house for adult female survivors. They house six survivors who spend nine months to two years in the facility. On a day-to-day basis, they now serve an average of 90 to 100 clients. Since 2015, Breaking the Chains has offered services to over 800 clients. Its mission is to provide hope, healing, and restoration to all lives impacted by trafficking.

Tiffany Apodaca, Co-Founder of Breaking the Chains, a survivor of childhood sexual abuse and abandonment, also noticed increased human trafficking cases since the pandemic.

“It increased significantly. The simple fact is what we did—we put everybody at home on electronic devices, and there were not a lot of eyes on people. If there was trafficking happening within the household, then there weren’t teachers or anybody who could put eyes on kids to see if there was any abuse,” Apodaca explained how and why human trafficking got worse during COVID-19.

Breaking the Chains is launching its expanded Juvenile Justice Program on July 1, 2022. They will start with an addition of 150 minors who are either commercially sexually exploited children (CSEC) or at-risk youth.

This article is part of a series of features from across the globe on human trafficking. IPS coverage is supported by the Airways Aviation Group.
The Global Sustainability Network ( GSN ) is pursuing the United Nations Sustainable Development Goal number 8 with a special emphasis on Goal 8.7, which ‘takes immediate and effective measures to eradicate forced labor, end modern slavery and human trafficking, and secure the prohibition and elimination of the worst forms of child labor, including recruitment and use of child soldiers, and by 2025 end child labor in all its forms’.
The origins of the GSN come from the endeavors of the Joint Declaration of Religious Leaders signed on 2 December 2014. Religious leaders of various faiths gathered to work together “to defend the dignity and freedom of the human being against the extreme forms of the globalization of indifference, such as exploitation, forced labor, prostitution, human trafficking”.

IPS UN Bureau Report

 


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Despite Unspeakable Hardships, Migrants Keep One Billion People Alive

Pakistani migrant workers on a construction site in Dubai. Credit: S. Irfan Ahmed/IPS

Pakistani migrant workers on a construction site in Dubai. Credit: S. Irfan Ahmed/IPS

By Baher Kamal
MADRID, Jun 15 2022 – Here goes another fact: 230 million migrant workers are now a major life-saving source for up to one billion people starving in the world’s poorest communities, as well as a vital lifeline for the economy of their countries of origin.

Migrant workers’ remittances amount to over 600 billion US dollars a year, which is three times greater than the whole Global Official Development Assistance, now situated at around 180 billion US dollars.

Not only: officially recorded remittance flows to low- and middle-income countries are expected to increase by 4.2% this year to reach 630 billion US dollars, according to the World Bank’s latest Migration and Development Brief released on 11 May this year.

Migrant workers’ remittances amount to over 6 billion US dollars a year, which is three times greater than the whole Global Official Development Assistance, now situated at around 180 billion US dollars

At the same time, their remittances already exceed by six-fold the ‘profits’ –estimated in some 100 billion US dollars a year– made by the criminal gangs, human traffickers and smugglers, and sexual exploiters.

Moreover, migrant workers remittance flows have increased five-fold over the past twenty years, serving in a counter-cyclical capacity during economic downturns in recipient countries, according to this year’s International Day of Family Remittances on 16 June.

Obviously, this is the case of “privileged” migrants, those who have managed to survive and find a job. Tens of thousands of migrants do not have the same “luck.”

 

Hellish journeys

Nowadays, more and more millions of human beings are forced to migrate, feeling armed conflicts, man-made climate disasters, severe droughts, devastating floods, high indebtedness, starvation, shrinking humanitarian assistance, and political persecution. And death.

In fact, thousands of migrants are every year reported dead during their land and maritime journeys, in particular in the Mediterranean Sea, while attempting to reach Europe, which is seen as the promised land of democracy, human rights and equality.

 

The Gulf

Take the case of Yemen. At least 27,800 people have crossed from the Horn of Africa to war-torn Yemen in the first five months of 2022, more than the total who made the journey all of last year along what was the world’s busiest maritime migration route prior to COVID-19, according to the International Organization for Migration (OIM).

The rise in arrivals is “cause for alarm” in a country now grappling with its eighth year of conflict.

Upon arriving in Yemen, migrants face perilous onward journeys to Gulf countries in search of work, IOM reports. They often travel across conflict front-lines and face “grave human rights violations such as detention in inhumane conditions, exploitation and forced transfers across lines of control.”

“Women and girls often report experiencing gender-based violence, abuse or exploitation, usually at the hands of traffickers and smugglers.”

 

Remittances represent up to 60% of recipients’ families on average and typically more than double a family’s disposable income and help deal with uncertainty, allowing them to build assets. CREDIT: IFAD

Remittances represent up to 60% of recipients’ families on average and typically more than double a family’s disposable income and help deal with uncertainty, allowing them to build assets. CREDIT: IFAD

 

The deadliest sea

Meanwhile, migrants who risk their lives to cross the Mediterranean to Europe on flimsy boats often piloted by people-smugglers, are at greater risk of dying now than for years, the UN refugee agency (UNHCR) reported on 10 June 2022.

Latest data visualisation figures from UNHCR, shows that there were 3,231 dead or missing at sea last year, a sharp rise from 2020.

The situation is a “widespread, longstanding and largely overlooked tragedy”, said UNHCR.

The UN agency noted that although some of those crossing the Mediterranean want a better life and better jobs, many are fleeing conflict, violence or persecution.

 

The neglected inhuman cost

During their journeys to life, migrants are easy prey to criminal gangs, human traffickers and smugglers, and fall victims of cruel exploitation and the growing wave of hatred and xenophobia, which is increasingly propelled by most politicians, let alone the right and far-right ones.

Heavily used as an electoral argument in the most industrialised countries, migrants are now perceived by voters as a threat to their own well-being and as a heavy burden to get rid of, as if this would alleviate the impact of pandemics they did not cause, wars that they have not launched, climate disasters they did not generate, and the failure to address ongoing economic hurdles, inflation, recession, etcetera.

The economic cost both migrants and their families are forced to pay for their journeys to survival often comes at the price of high indebtedness.

Meanwhile, smugglers have been demanding more and more money.

For instance, smuggling activities on the passage by sea to Italy has almost doubled, while the fee for this journey jumped from EUR 6.000 to EUR 12.000, according to a non-profit platform DoSomething report on human trafficking.

 

Swept away

Right now, several European countries are sweeping away migrants, refugees and asylum seekers.

In what looks pretty much like an ‘operation dusting’ aiming at getting rid of migrants, refugees and asylum seekers by shipping them far away, the process of ‘externalisation’ of millions of victims of wars, poverty, climate crisis and political persecution, is now growing fast.

IPS already reported on such a practice in four European countries. See specific reporting on the cases of the United Kingdom, Greece, Hungary and Poland by clicking the respective links.

 

How are migrant workers’ remittances spent?

The United Nations reports the following:

  • Remittances represent on average up to 60% of a recipient family’s income, and typically more than double their disposable income. The funds help deal with uncertainty, allowing them to build assets.

  • Analyses of 71 developing countries show significant poverty reduction effects of remittances: a 10% increase in per capita remittances leads to a 3.5% decline in the share of poor people in the population.

  • In rural communities, half of remittances are spent on agriculture-related expenses.

  • Additional income increases receiving households’ demand for food, which increases domestic food production and improves nutrition, particularly among children and the elderly.

  • Investment of migrants’ income in agricultural activities creates employment opportunities.

 

Migrants under fire

Last but not least: in a number of European countries, the demand for workers has been on the rise.

In the specific case of Spain, for example, in addition to the construction sector, hotels, coffee-shops, restaurants and other sectors depending on tourism, have been complaining about the growing shortage of highly needed waiters, cleaners, housekeeping workers, and so on.

The provided explanation is that Spanish citizens are no longer ready to accept highly precarious jobs, low-wages, seasonal contracts and excessively long, arduous working hours.

A quick conclusion would be to allow more migrants to do the job. But…

… But in most industrialised –and wealthiest– countries, migrants are being ‘accused’ by the rising right and far-right political parties for ‘stealing’ jobs, receiving humanitarian assistance, thus depriving the national unemployed, the youth and the elderly, and ‘wasting’ the citizens’ money… let alone of being the cause of crimes and a long etcetera.

 

What a world!

Researchers Strive for Technological Innovations to Achieve Food Security in Africa

Ingabire Muziga Mamy, Managing Director, Charis Unmanned Aerial Solutions Rwanda, provides drone services for spraying gardens with pesticides, among other farming activities in Rwanda. Technology is crucial to improving food security, researchers say. CREDIT: Aimable Twahirwa

Ingabire Muziga Mamy, Managing Director, Charis Unmanned Aerial Solutions Rwanda, provides drone services for spraying gardens with pesticides, among other farming activities in Rwanda. Technology is crucial to improving food security, researchers say. CREDIT: Aimable Twahirwa/IPS

By Aimable Twahirwa
KIGALI, Jun 15 2022 – A few years ago, after coming up with a project of launching the first-ever unmanned aerial systems (UAS) in Rwanda, entrepreneur Mamy Muziga Ingabire identified the need to provide farmers with information related to their activity – such as the health status of crops.

“Major focus was to leverage drone technology to support smallholder farmers in increasing their productivity,” Muziga told IPS in a recent interview.

Muziga is the Managing Director of CHARIS Unmanned Vehicle Solutions, one of the Rwandan-based companies providing drone-based solutions.

Several solutions and applications have been introduced to provide Rwandan farmers with innovative technology for accessing timely information on climate change, crop health, and diseases affecting them for informed decisions. Using ICTs gives farmers more access to market information, weather, and nutrition.

Several solutions have developed during the implementation phase, including the project for the Nitrogen fertilisation of wheat crops using drone technology in Musanze, a district in Northern Rwanda.

A drone with fixed cameras and sensors is sent across the field, takes accurate images of the plantations and the land, and collects precise data. This data provides specific indicators that enable operators to know the crop’s health and what it needs as fertilizer to grow properly.

While entrepreneurs and officials hail gains smallholder farmers enjoy by using these technological solutions for a sustainable food value chain; researchers say it’s important to raise awareness about what these technologies can do for actors along the agriculture value chains.

The importance of science, technology, and innovation (STI) as an important driver of African integration was the main topic of a recent scientific conference in Kigali, Rwanda, attracting researchers, members of the private sector, civil society, and farmers’ organisations from across Africa.

The conference focused on new applications such as drones, precision agriculture, and mobile applications or other hardware systems to automate redundant processes and reduce dependency on human labour in the agriculture value chain.

To bridge the STI policy and practice gaps to transform agricultural development and food systems within the continent, researchers agreed that the current impacts of climate change on food security in Africa should not allow anyone to relax.

Dr Canisius Kanangire, the Executive Director African Agricultural Technology Foundation (AATF), observed that agriculture in Africa is [still] characterised by low productivity, reflected in insufficient food production.

“We need to find the innovative solutions to key issues affecting food systems (…) Climate change is still having a growing impact on the African continent, hitting the most vulnerable hardest, and contributing to food insecurity,” Dr Kanangire told IPS.

While researchers seek to enhance the utilisation and adoption of productivity-enhancing technologies, value-adding processes, and loss-reducing practices among smallholder farmers in Africa, some experts in food systems believe that scaling these innovative solutions is still challenging.

“It is not only for the scientific community to develop solutions, but there is also a way to look at how end users can cope with these technologies,” said Claver Ruzindaza, an agricultural extension professional in Kigali.

With current efforts to deliver hi-tech services through public and private partnerships, researchers seek to equip smallholder farmers in Africa with knowledge of agronomic techniques and skills to improve their productivity, food security and livelihoods using innovative technologies.

“We need to change this narrative which maintains the [African] farmer into the poverty status at a point where a farmer is always synonymous to a poor person,” Kanangire said.

Despite the vast agricultural potential, the latest estimates by the African Development Bank indicate that African countries are experiencing one of the highest prevalence of undernourishment in the world. Official reports show that out of about 795 million people suffering from chronic undernourishment globally, 220 million live in Africa.

Nevertheless, AAFT has developed seed varieties that are more productive and resistant to diseases and droughts, which could increase farm productivity and food availability on the continent has been executed in Malawi and Zimbabwe, while it is currently being expanded in Uganda and Ghana.

Martin Bwalya, Acting Director for Knowledge Management and Programme Evaluation at the Africa Union Development Agency (AUDA-NEPAD), told IPS that Africa needs to adopt innovations to reduce reliance on food imports.

“The continent is highly vulnerable because we are importing a massive amount. Close to 30 per cent of food in the continent is being imported,” Bwalya said.

As current efforts focus on mitigating the commodity disruptions caused by the Russia-Ukraine war, experts in Kigali unanimously acknowledged the importance of promoting intra-African trade. Growing Africa’s agribusiness sectors by using innovative solutions to help smallholder farmers to become more productive was crucial.

“This agricultural transformation in Africa requires the concerted effort of all stakeholders including policymakers, researchers, private sector and farmers,” Kanangire said.

IPS UN Bureau Report

 


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