Digital currencies will make BSA compliance easier

first_imgIn yet another sign that Facebook has grown too large for Mark Zuckerberg’s skill set, the Wall Street Journal reported Tuesday that Facebook’s ambition to create a cyber currency called Libra, in association with a group of large banks and payment processors is losing momentum. The paper reports that would-be investors are backing away from the project in the face of stiff opposition from regulators. For those of you who just don’t like Mark Zuckerberg, or who fear that a cryptocurrency is yet another on the ever-growing list of putatively existential threats facing the industry, this is good news. For those of us who believe that the reactionary rejection of Facebook’s idea is based more on ignorance than legitimate regulatory concerns, this is too bad.What really got me fired up was this paragraph in the WSJ article: “government officials and central bankers were quick to criticize the project, citing concerns about how the network would protect users’ privacy and prevent criminals from using it to launder money.” In fact, a well-functioning digital currency system will greatly reduce money laundering. Here’s why.Labor and bitcoin technology are based on distributed ledger technology. With apologies to IT people who will probably cringe at this explanation, the basic idea of distributed ledgers is that software converts each new digital transaction into a unique digital block which is added to a block chain produced by previous transactions. The technology has the ability to simplify everything from contracts to land title searches by creating a single chain of evidence that can be accessed from multiple computers. For example, let’s say that contract you are entering into requires a wet signature. If you could enter into that same contract using block chain technology, both parties to the agreement would have instantaneous and unequivocal proof that the contract has been signed and agreed to. Legislation has even been introduced that would preempt state laws seeking to prohibit the use of block chain technology in commercial transactions. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Serie A will keep 20 teams

first_imgAccording to Sky Sport Italia,  meeting of Italian football unions decided that if the season does end early, there will still be relegations and promotions with 20 teams in Serie A. According to Sky Sport Italia, the outcome was Plan B, assuring that if the season is terminated early, there will nonetheless be promotions and relegations this summer. That means next term the Serie A season will continue to have 20 clubs, as there had been an option to not relegate anyone and promote two from Serie B, creating a 22-side structure. read also:Premier League protocol weaker than Serie A Loading… The COVID-19 pandemic is moving into Phase Two from May 4, with deaths, intensive care admissions and positive cases all dropping rapidly. Nonetheless, the Minister for Sport Vincenzo Spadafora has warned Serie A will not be allowed to resume unless there is a full agreement on the medical protocol. A videoconference was held today between various unions, including the Players’ Association, Coaches’ Association, Referees’ Association and FIGC.Advertisementcenter_img Another upshot was that if UEFA change their limit of August 2 for the domestic tournaments to conclude, then they are prepared to continue the 2019-20 season well into August and even September. FacebookTwitterWhatsAppEmail分享 Promoted Content8 Shows That Overstayed Their WelcomeCan Playing Too Many Video Games Hurt Your Body?A Hurricane Can Be As Powerful As 10 Atomic Bombs11 Items You’ve Been Using Wrong Your Whole Life10 Phones That Can Easily Fit In The Smallest Pocket7 Universities In The World With The Highest Market Value7 Ways To Understand Your Girlfriend BetterThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWhich Country Is The Most Romantic In The World?Top 9 Scariest Haunted Castles In EuropeThe 10 Best Secondary Education Systems In The WorldDid You Know There’s A Black Hole In The Milky Way?last_img read more

Women’s basketball: Badgers eyeing No. 14 Ohio State upset to end 10-game skid

first_imgThe University of Wisconsin women’s basketball team (5-17, 0-9 Big Ten) will try to avoid losing 10 straight games since beginning conference play as they welcome No. 14 Ohio State University (20-5, 10-1) to the Kohl Center for a showdown Saturday.The Badgers also look to end their streak of three straight 20-point losses going into the matchup with Ohio State Sunday. They desperately need to get back in the win column as they have gone nearly two months since their last victory — a one-point win on Dec. 12 against UW-Green Bay. The Badgers have not won more than one game in a row this year.Football: Jim Leonhard named Wisconsin defensive coordinatorPaul Chryst didn’t have to look far for his new defensive coordinator. The University of Wisconsin football team announced Thursday Read…Pulling off the upset against Ohio State will be no easy task, however, as the Buckeyes come into the Kohl Center this weekend ranked No. 14 nationally and second in the Big Ten behind No. 3 Maryland.The Buckeyes need a win as well to stay right on the tail of Big Ten-leading Maryland. The Buckeyes will have a pivotal game against the Terrapins on Feb. 20 which will likely decide the Big Ten regular season champion.The Badgers have to score more than their 60.8 points per game against the high-flying Buckeyes. The Buckeyes come into the game averaging 86.8 points per game and outscoring their opponents by an average of 15.4 points per game. During UW’s nine-game losing streak, they have only scored more than 60 points twice and seven times all season.UW could score the upset if they keep OSU’s leading scorer, Kelsey Mitchell, under her season scoring average (22.8). Mitchell is a dynamic player who also leads the Buckeyes in assists, and she will be on the front page of Wisconsin’s game plan going into Sunday.Men’s basketball: Fighting Illini no match for controlling BadgersThe University of Wisconsin men’s basketball team started out strong and never trailed as they knocked off the University of Read…Scoring and playing tough defense will be the name of the game for the Badgers if they want to compete with the Buckeyes. The Badgers’ leading scorers, Cayla McMorris (12.9) and Avyanna Young (10.1), will need to be at the top of their games to give UW the best chance to pull off their first Big Ten win in front of the home faithful.The Badgers will also have to play their best defense of the year to slow down the potent Buckeye’s offense. This will be a challenge as the Buckeyes have scored more than 60 points in every single game but two this year.The Badgers will continue their quest for their first Big Ten win at 1 p.m. airing on Big Ten Network.last_img read more

Tuesday’s QPR quiz

first_imgTest your knowledge of Mark Hughes’ reign as QPR boss by seeing how many of these five questions you can answer correctly.[wp-simple-survey-7] 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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

SA, US sign HIV/Aids funding pact

first_imgThis went towards several South African government priorities, with most of it directed towards health care, with specific emphasis on HIV/Aids and TB prevention. According to the statement, the Pepfar framework will build on existing US support for South Africa’s efforts to provide HIV prevention, treatment and care for millions of people in the country. Nkoana-Mashabane was in the US this week as part of South Africa’s efforts to improve trade relations between the two countries. 17 December 2010 According to the Department of International Relations and Cooperation, total official development assistance from the US amounted to approximately $681.9-million in 2009. Treatment and care for millions “The framework supports the goals of South Africa’s national strategy to fight HIV/Aids, while also contributing to Pepfar’s global goals for prevention, care and treatment,” the Department of State said in a statement this week.center_img In 2010 alone, Pepfar funds have supported treatment for nearly 920 000 adults and children in South Africa, while more than five-million South Africans have been tested for HIV and received HIV counselling with US support. International Relations Minister Maite Nkoana-Mashabane and US Secretary of State Hilary Clinton have signed a partnership framework that will guide future joint efforts to combat HIV/Aids in South Africa. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material “The framework emphasises sustainability, local expertise, coordination and accountability in the fight against Aids.” According to the US Department of State, the partnership framework under the US President’s Emergency Plan for Aids Relief (Pepfar) provides a five-year strategic plan of cooperation between the US and South African governments, as well as other stakeholders.last_img read more

Ohio beef farmers partner with Kroger to provide beef to local families for the holidays

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The Ohio Beef Council, representing beef farmers throughout the state, is pleased to partner with Kroger and the Ohio Corn Marketing Program to provide beef to Ohio families in-need this holiday season. The beef donation will be made to the Mid-Ohio Foodbank through a campaign that launched December 2 on Facebook. It encourages social media enthusiasts to ‘share’ a post on Facebook, and ‘like’ both the Ohio Beef Council and Kroger Facebook pages. Each Facebook ‘share’ will result in the donation of two pounds of ground beef, which is enough to feed eight people. The campaign runs through Dec. 25.Ohio beef farmers and Kroger representatives are excited to work together to help local families. “This promotion is a great example of collaboration to achieve a common goal,” said Deborah Thompson, public affairs manager of Kroger’s Columbus Division. “Together, with our friends at the Ohio Beef Council, we are looking to donate 28,000 beef meals to local families. Kroger is proud to support our community, especially around the holidays.’’“The holidays are a special time to celebrate family, community, and the things that we are truly thankful for,” said beef farmer Bev Roe of Hamilton, Ohio. “Providing meals to families in-need gives them the opportunity to celebrate with loved ones at this special time of year.”The Ohio Beef Council (OBC) engages with Ohio’s producers and consumers to strengthen the demand for beef with the goal of maintaining the profitability and growth of Ohio’s beef industry. It is part of a coordinated state/national marketing effort funded by beef producers through the beef checkoff program. OBC collects the $2 per head beef checkoff each time cattle are sold. Fifty cents of the federal dollar is invested in national beef demand building programs by the Cattlemen’s Beef Board. The remaining fifty cents and the state $1 are invested in Ohio by the OBC. The organization is directed by a 15-member Operating Committee of cattlemen appointed by the Ohio Director of Agriculture, representing the state’s beef, dairy and veal producers.last_img read more

Bhutan trucks drive into new traffic rules in Assam

first_imgTrucks from Bhutan carrying boulders and stone chips to Bangladesh have driven into the new traffic rules and hefty fines implemented belatedly in Assam via a notification on September 23.Exporters from Bhutan said about 40 trucks were seized for overloading in western Assam’s Bongaigaon district on Thursday last. SAARC agreementThis, they pointed out, was done despite an agreement among the SAARC countries on South Asian Free Trade Area (SAFTA) allowing a third country to be used as a transit between two member countries without hindrance.SAARC expands to South Asian Association for Regional Cooperation. Its members are Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.Ugyen Raften, the former president of the Indo-Bhutan Friendship Association, said Bhutanese traders have been transporting stone chips and other materials to Bangladesh for years without facing any problems. He admitted that some trucks carry more load than the standard 18 tonnes but SAFTA rules prohibit a transit country (India) from stopping consignments from an exporting country (Bhutan) to an importing country (Bangladesh).“Trucks from Gelephu in Bhutan regularly carry stone chips to Bangladesh via Dalu (Meghalaya-Bangladesh border). The goods and documents are sealed before the trucks enter Assam and, as per SAFTA rules, are to be opened at the destination after covering a distance of 321 km through Assam and Meghalaya. But the seizure and fines in Assam have put us in a spot,” he said.Mr. Raften said that scores of trucks had been stranded at Rakhaldubi in Assam for a week because of a damaged bridge at Tikrikilla in Meghalaya. The trucks were allowed to travel on Thursday night via a bypass but the last 40-odd trucks in the convoy ran into the police and motor vehicle inspectors.Subodh K. Sonowal, Bongaigaon district’s Superintendent of Police, said the police too had found the trucks overloaded. The new rules prescribe a fine of ₹20,000 for overloading and an additional ₹2,000 per extra tonne, as against ₹2,000 and ₹1,000 earlier. “The police did not confiscate the trucks. But the district transport office had some issues with them,” he said.last_img read more

a month agoBurnley boss Dyche: Heaton like a family member

first_imgAbout the authorPaul VegasShare the loveHave your say Burnley boss Dyche: Heaton like a family memberby Paul Vegasa month agoSend to a friendShare the loveBurnley boss Sean Dyche says there’s no hard feelings over Tom Heaton’s move to Aston Villa.The move raised a few eyebrows with the 33-year-old ending last season as Burnley’s No.1.His departure saw Bailey Peacock-Farrell drafted in from Leeds to bolster the goalkeeping ranks with Nick Pope playing every minute in the Premier League so far this campaign.“I treat all these players like they’re my own family members, I try and be as good with my guidance as I would be with my own children,” Dyche told the Lancashire Evening Telegraph.“I think it’s important, they become important to you over time, Tom is certainly one of those. I don’t do favourites, apart from Tripps (Kieran Trippier), everybody knows that!“He was my first signing, an important signing, but he’s a top fella on and off the pitch, I like him as a person and professional.“There will always be a business decision here though, every pound is a prisoner, that’s just the way it is.“Behind that, we have got very good goalkeepers. I believe in Nick Pope, quite obviously, I believe in Joe Hart and young Bailey has joined the group and done very well so far.“There is a method to the planning of it, but there often comes a time when a deal gets done here.“With Tom, it worked on every level, and on the one that’s hard to find, an emotional level, because I can shake Tom by the hand, look him in the face, he’s happy, I’m happy, and there’s no thinking on who’s won, everyone has won.” last_img read more

DryShips Secures Time Charter for Newcastlemax

first_imgzoom Greece-based ship owner DryShips Inc. has entered into a one year time charter with a major grain house for one of its 206,000 dwt Newcastlemax drybulk vessels.A total gross backlog of USD 7.1 million is expected from the contract, which is scheduled to commence upon the delivery of the vessel before the end of April 2017.“We are very pleased to have employed one of our newly acquired vessels upon its delivery, at a gross charter rate, which will be highly accretive to the company’s earnings and will provide visible cash flow,” George Economou, Chairman and Chief Executive Officer, said.The company did not disclose the name of the vessel in question.According to data provided by VesselsValue, DryShips recently purchased four such dry bulkers, namely the 2013-built Moritz Oldendorff and Valley Star, the 2014-built Super Star and the 2015-built Wish Star.World Maritime News contacted DryShips for details on the vessel related to the charter deal, however, the company is yet to reply.“We continue to execute our strategy to restore the company’s earnings capacity, taking advantage of the positive developments in the drybulk market,” Economou added.last_img read more

Tories say Harpers letter doesnt change their approach to NAFTA

first_imgOTTAWA – Conservative foreign affairs critic Erin O’Toole was sitting in the departure lounge at Reagan National Airport in Washington, D.C., last week when his eyes landed on a story he wasn’t expecting.“‘Napping on NAFTA’: Harper blasts Trudeau government handling of negotiations,’” read the headline on a Canadian Press story about a memo written by former Conservative prime minister Stephen Harper.“What?” O’Toole recalled thinking. “Oh, dear.”Harper had shared gloomy thoughts on the deal a few weeks earlier during an event in Washington, but the memo, which castigated the Liberals directly, was a rarity for an ex-political leader who has largely stayed away from any direct remarks on the current government since the 2015 federal election.That the memo suddenly found its way into the public domain — he’d been writing them for months and none have ever surfaced — left political observers scratching their heads. Who would leak it? And why?Prime Minister Justin Trudeau wouldn’t directly address the letter or its potential implications when asked about it on Monday.“I hold the office of prime minister in high regard, and because of that I hold former prime ministers in high regard, and will not make any comments on what he had to say.”O’Toole was sitting at the airport having just wound up a trip to D.C. with the House of Commons foreign affairs committee to advocate for Canada’s interests at the NAFTA talks, part of an ongoing collaborative approach the Conservatives are trying to take to the negotiations.Harper’s letter took a swing at Canada’s negotiating strategy, suggesting the Liberals were letting the Americans run all over them and putting the future of NAFTA in real danger.Some Tories say quietly they suspect an attempt to harm the Conservative Opposition and undermine leader Andrew Scheer’s efforts to make a break from the Harper era.The Liberals say Harper has jeopardized the talks by playing politics with the united front Canada is trying to put forward.“I think he’s got a grudge to hold and he’s more interested in putting stuff out there that is going to do damage to our negotiating positions,” Liberal MP Bob Nault, the chair of the committee, told CBC’s “As It Happens.”Scheer said he didn’t understand why the Liberals were making such a fuss.“For the Liberals to keep drawing attention to something they claim is so damaging is bizarre,” he said Tuesday.The letter was written for clients of Harper’s consulting business. Some Conservatives allowed that he ought to have known there was a risk it would become public, but say Harper’s team never gave Scheer’s office a heads up, suggesting it was never meant for broader dissemination.Not to mention a well-known fact about the former PM: he loathes leaks — so much so, in fact, that he once panicked when a staffer, Geoff Norquay, was forced to leave a meeting to deal with one, former Harper aide Bruce Carson recounted in his own newsletter this week.“It took a while to settle Harper down and get him to understand these were leaks in Norquay’s roof at home caused by ice dams that are symptomatic of the late winter in Ottawa,” Carson wrote.Rachel Curran, Harper’s former policy director, said his consulting firm will take more care with his memos going forward. This one, she said, was a warning to the business community and was never meant to have political implications.“His advice was framed as, ‘Americans are going to insist on a better deal and are prepared to live with the political and economic risk of NAFTA collapse, get yourself ready,’” Curran said.O’Toole said the positions Harper takes aren’t so different from those the Opposition Conservatives have been trying to advance in Parliament, though Harper’s tone may have been different.“Certainly, when a former prime minister weighs in, someone that was well known for trade, it caused a bit more of a splash or ripples than when MP Erin O’Toole or someone like that weighs in,” he said.He said he doesn’t feel the current strategy needs a reboot, adding that the Tories remain committed to working with the Liberal government to advance the talks.“I’ve shared some of the concerns he’s raised, but we’re here — the current group of parliamentarians are here — to work with the government where we can.”International Trade Minister Francois-Philippe Champagne said Team Canada continues to play together on the NAFTA talks.“You have to take it with a grain of salt,” he said of the letter. “This is a comment from someone who is not at the table.”last_img read more