Advocates raise concerns about funding cuts on 33rd anniversary of Willowbrook State School’s closure

STATEN ISLAND, N.Y. — Advocates for the developmentally disabled gathered at the site of the former Willowbrook State School on Thursday to raise concerns about funding cuts.

Rally attendees, including parents and some former employees of the institution, raised concerns about a possible “return to Willowbrook” if New York is either unable or unwilling to adequately fund programs across the state.

Laura Kennedy, a parent advocate who has a developmentally disabled daughter, addressed the crowd gathered for the 33rd anniversary of Willowbrook’s official closure by former Gov. Mario Cuomo and called on his son to adequately fund the needed services.

“We are here today as advocates to express our fears and frustrations to Gov. Andrew Cuomo and his administration for their continuing neglect of people with developmental disabilities,” she said. “We gather here to protest the draconian budget cuts he has implemented and continue to implement.”

At least 100 attendees

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Trump, DeVos raise school choice in appeal to vexed parents

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Saga cuts 1,400 jobs, former owner to back 150 million stg capital raise

(Reuters) – UK-based over-50s holidays and insurance specialist Saga SAGA.L launched a 150 million pound ($194 million) capital raising on Thursday that will see former boss Roger De Haan return as non-executive chairman after the loss of 1,400 jobs.

De Haan, the son of Saga’s founder Sidney Isaac De Haan, was chief executive before Saga was sold in 2004 to private equity group Charterhouse and will backstop the new fundraising with up to 100 million pounds ($130 million) of his own money.

“The company I sold was doing brilliantly well. I don’t know what happened…but (it) had certainly lost its way,” De Haan said on a call with reporters.

In a statement hours after the results, Saga said it has completed the bookbuild process and raised gross proceeds of about 74.8 million pounds. Bookrunners have placed 623.3 million new shares at 12 pence a piece with some shareholders, De Haan

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China online education firm Yuanfudao to raise $1.2 billion to nearly double valuation: sources

BEIJING/HONG KONG (Reuters) – Chinese online education platform Yuanfudao is set to raise $1.2 billion in a new funding round which will value it at about $13 billion, according to two people with direct knowledge of the issue.

Yuanfudao’s existing investors, Tencent Holdings (0700.HK), Hillhouse Capital and Boyu Capital, will invest in this round, according to the people. The three are vying for a leading role in the fundraising with Tencent being the frontrunner, one of them said.

The eight-year-old company has nearly doubled its valuation within six months. In March, Yuanfudao raised $1 billion that valued it at $7.8 billion.

The company is planning to raise more fresh capital to include new investors in the near term at a different valuation, said one of the people, who declined to be identified as the information is confidential.

Yuanfudao and Boyu declined to comment. Tencent and Hillhouse did not

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China online education firm Yuanfudao to raise $1.2bln to nearly double valuation – sources

By Yingzhi Yang and Kane Wu

BEIJING/HONG KONG, Sept 1 (Reuters)Chinese online education platform Yuanfudao is set to raise $1.2 billion in a new funding round which will value it at about $13 billion, according to two people with direct knowledge of the issue.

Yuanfudao’s existing investors, Tencent Holdings 0700.HK, Hillhouse Capital and Boyu Capital, will invest in this round, according to the people. The three are vying for a leading role in the fundraising with Tencent being the frontrunner, one of them said.

The eight-year-old company has nearly doubled its valuation within six months. In March, Yuanfudao raised $1 billion that valued it at $7.8 billion.

The company is planning to raise more fresh capital to include new investors in the near term at a different valuation, said one of the people, who declined to be identified as the information is confidential.

Yuanfudao and Boyu

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