Cochrane Summer Education Institution

The Cochrane Summer Economics Institute(CSEI) is a five week work/study program for rising high school seniors. The program provides an introduction to economics, business, networking and a variety of job/career choices through a combination of classroom work, community service and internship experiences. Students receive seven days of instruction, including exposure to economic principles and basic financial and business concepts. Classroom experience includes hands-on activities and numerous guest speakers representing successful firms and entrepreneurial efforts in Central Virginia. The Classroom Program from this past summer offers a glimpse into the interns' classroom experience. Students are also involved in extra scholar activities ranging from marathons to scrabble and cooking contests.

The detailed description of the Cochrane Summer Economics Institute's program provides more information about the Institute, including dates, application and acceptance process. Click here for an 2015 application to the Cochrane Summer Economics Institute. Application and essay must be submitted by January 16, 2015. A teacher or administrator recommendation is also required to be emailed to contact@powellinfo.org. Interviews will be conducted in February, with notification of acceptance in March.

Internships offer students the opportunity to not only gain valuable work experience, but observe business leaders in the professional setting and secure valuable business contacts through networking, These four weeks provide students with exposure to various industries and careers and the opportunity to witness the American enterprise system first-hand.

 

 

 

Rule 144, promulgated by the SEC under the 1933 Act, permits, under limited circumstances, the public resale of restricted and controlled securities without registration. In addition to restrictions on the minimum length of time for which such securities must be held and the maximum volume permitted to be sold, the issuer must agree to the sale. If certain requirements are met, Form 144 must be filed with the SEC. Often, the issuer requires that a legal opinion be given indicating that the resale complies with the rule. The amount of securities sold during any subsequent 3-month period generally does not exceed any of the following limitations:

 

1% of the stock outstanding
the average weekly reported volume of trading in the securities on all national securities exchanges for the preceding 4 weeks
the average weekly volume of trading of the securities reported through the consolidated transactions reporting system (NASDAQ)
Notice of resale is provided to the SEC if the amount of securities sold in reliance on Rule 144 in any 3-month period exceeds 5,000 shares or if they have an aggregate sales price in excess of $50,000. After one year, Rule 144(k) allows for the permanent removal of the restriction except as to 'insiders'.

In cases of mergers, buyouts or takeovers, owners of securities who had previously filed Form 144 and still wish to sell restricted and controlled securities must refile Form 144 once the merger, buyout, or takeover has been completed.

Rule 144 is not to be confused with Rule 144A which provides a safe harbor from the registration requirements of the Securities Act of 1933 for certain private (as opposed to public) resales of restricted securities to qualified institutional buyers. Rule 144A has become the principal safe harbor on which non-U.S. companies rely when accessing the U.S. capital markets.