Using different routing rules you can set up the translation of transactions on the accounts to the payments of the "Accounting" module. The rules are set up on the "Routing" tab:
The upper part of the window contains the following buttons:
•New rule — start creating a new routing rule.
•Detach — delete all the payments and orders created in the "Accounting" module by the transactions according to the routing rules. As soon as it is pressed all the transactions will become unrecognized.
•Apply — start the processing of transactions (without checking for the new ones) according to the routing rules.
All the created rules are displayed as a table where the name, payer, beneficiary and currency are specified.
The rules are applied from top downward. If a transaction is processed according to one of the rules then its further processing will be stopped. In this connection, one should carefully order the rules in the list for the correct routing.
The following buttons appear if you put the mouse cursor over the rule:
• — move the selected rule up relatively to the others.
• — move the selected rule down relatively to the others.
• — create a copy of the selected rule.
• — delete the selected rule.
In order to modify a rule, double-click on it in the list.
In order to create a new rule, press the corresponding button located in the upper part of the tab. The windows of creating and adding a rule are similar:
The window of editing is divided into three boxes.
Main parameters of the rule are specified in the first one:
•Name — name of the rule.
•Beneficiary — selection of the beneficiary organization. The list of organization added to the corresponding module will also be opened as soon as you press on this field.
The selection of organizations in those fields is a declaratory one. It they are specified then the conditions of the rule must explicitly determine them in the transaction. In other words, the checking by the "Payer" and "Beneficiary" fields must be among the rules that are specified below.
In the second box it is necessary to specify the conditions for recognizing the transaction and the binding of it to the payer and beneficiary specified above. To add a condition you should press the "Add condition" button. A new line appears in the table, as soon as you do it. To edit a field in the line you should double-click on it.
•Field — one of the fields of the transaction that will be analyzed.
•Condition — condition the analysis of the field will be performed by (for example, "Empty", "Filled", "Equal to", etc.).
•Value — value the field specified above will be compared with. If the "Empty" or "Filled" conditions are chosen then the value shouldn't be specified. You can also use macros #CID#, #AUTOLINK# and #COMPANY# as the values. They can be used for determining the "Payer" and "Beneficiary" fields. If they are specified, the searching for the "CID", "Autolink" values or an exact match of company name (#COMPANY#) is performed through the whole database of organization. If one is found, the conditions is considered to be fulfilled.
The third box is intended for choosing the actions that will be performed if a transaction complies with the specified rules:
•Action — selection of the action:
•Send an e-mail to the company accountants — send a notification message to the mailbox specified in the "Value field".
•Change the payment sign — change the sign of the transaction amount before processing it (for example, adding it as a payment to the specified book). At that the transaction itself is not changed.
•Withdraw the commission % — charge the commission of the specified size (in percents) from the transaction before processing it. At that the transaction itself is not changed.
•Add into book — add the transaction as a payment to the book that is specified in the "Value" field.
•Distribute commission among agents — distribute the commission fee from the transaction amount among the agents that are specified as the commission agents for the payer company of the given transaction. For the distribution of commission an order is automatically generated in the "Accounting" module. The payer of this order will be the company that received the transaction and the beneficiary will be the agent.
As soon as the orders are created by a certain product, it should be specified in the "Value" field as an additional condition. An individual product for working with commissions should be preliminary created in the "Products" module. For example, one can create the "Commission" product.
•Value — name of the book the payment will be be copied to, name of the mailbox the notification will be sent to, or the product name for charging commissions.
In order to save the changes press the "Update" button.
The main requirement for a rule to trigger is the explicit determination of the payer and beneficiary, and also the fulfillment of all conditions specified in the rule of routing.
There are two ways of determination of the payer and beneficiary:
•The payer and the beneficiary are specified in the main parameters of the rule
In this case the specified beneficiary and payer must be confirmed by the conditions of the rule. In other words, the beneficiary and the payer are known beforehand in this kind of rules, and the transaction must contain the parameters that correspond to them.
•The payer and the beneficiary are not specified in the main parameters of the rule
In this case the payer and the beneficiary must be determined in the transaction itself. To do that you must perform their searching in the rule conditions via the #CID#, #AUTOLINK# or #COMPANY# macros. In this case, the determination by other parameters is impossible.


Research and Innovation
Boise State is a leader in research, innovation, athletics, and caring for our community. We foster an environment where research and creative activities thrive. The Division of Research and Economic Development leads this effort by:
- Supporting students, faculty, and staff during all phases of research;
- Managing the university’s intellectual property portfolio;
- Facilitating relationships with industry for research and commercial collaboration; and
- Fostering economic development in Boise and the region. Research enhances education, grows the university’s reputation and fuels economic growth.
For more information, contact the Division today at firstname.lastname@example.org or by phone at (208) 426-5732.
Explore, the research magazine of Boise State University, is published by the Division of Research and Economic Development with support from the Office of Communications and Marketing. Learn more about the university’s research, creative activities and scholarly endeavors and stories here.


North Korea has encouraged citizens to use their own feces to make manure, as the agricultural sector grapples with a shortage of fertilizer for crops, according to media reports.
According to a Daily NK report, “the whole country is mobilized for the production of manure.“The report, citing a source in North Hamgyong Province, claimed that residents had started.”produce fertilizers from human wasteTo meet manure production quotas, introduced by Pyongyang last week.
Quotas range from 150 kilograms of manure for a household to 500 kilograms for a worker in a state plant. The authorities even reduced the opening hours of the food market in January, which now operates from 3 to 5 in the afternoon instead of from 2 to 5, so people have “an extra hour to produce manure.“
North Korea suffers from a shortage of agricultural manure used as a fertilizer substitute for crops. The country was buying manure from China and South Korea, but Chinese imports were blocked after North Korea closed its borders due to the Covid-19 pandemic in January 2020. In March 2021, Pyongyang has also refused manure deliveries from South Korea to underscore its demand for an end to US and UN sanctions. Now getting enough manure is considered number one in the country ”struggleFor 2022, the reports say.
Fertilizer made from human faeces is not entirely unusual for North Korea. Radio Free Asia reported earlier this year that farmers were asked to contribute two liters of their urine each day to help produce compost.
Still, it can be hard to over-rely on ‘homemade’ manure – the country is sorely lacking in food amid typhoons and pandemic-induced border closures. Poor harvests combined with almost no outside deliveries led the country’s leader, Kim Jong-un, to admit last summer that the food situation in North Korea was “”tense. “In October, a Reuters report citing analysts and a United Nations expert asserted that the food crisis remained severe after poor harvests, and there were also reports of increased humanitarian aid shipments from China. .
For more articles on economics and finance, visit the business section of RT
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You simply cannot have missed it. Germany has become the place to be for low-cost carriers: Ryanair flying to Cologne, easyJet sitting tight in Berlin and Hamburg, Vueling massively developing in Germany in general…
Media has tried to link this newfound interest to Germany’s status of growth engine of Europe. While certainly true, this explanation still misses the point. The reason why all the transporters choose Germany lie in two words: business travel.
How does the German front look like?
Before going deep into strategic considerations, let’s take a look at German aviation market. Repeatedly pictured as “dynamic” before 2010, it suffered however a relatively weak low-cost penetration (32%) compared to countries such as Spain, the UK or France. According to the data found in the 2013 “Low Cost Monitor report” published by German aerospace center (Deutsches Zntrum für Luft – und Raumfahrt), the market share of the low-cost segment has been plateauing for some years.
This might be subject to change with the latest demise of Air Berlin, which has been struggling for cash and which may end up taking strategic decision… that is to say slashing into the less profitable routes. One has to consider that 96% of the German low-cost market is divided between Air Berlin, Germanwings, Ryanair, easyJet, Intersky and Flybe (in order of importance). Air Berlin had by far the most important low cost offer in Germany, that is to say 746 flights a week.
Long accustomed to a static low-cost market, a reduction of routes for Air Berlin represent fresh air for the rivals and a potential goldmine. Without a doubt, they shan’t wait to feast on the remnants of Air Berlin’s old empire.
The reason why Germany could prove to be a reasonable investment though is its status of “growth engine” in Europe. I suspect carriers to attempt reaching to business travelers who commute between German cities and other countries. It was already the reason why easyJet chose Hamburg (2nd largest city, biggest port in Germany), a destination set to explode in the coming years, and which is a key place to do business according to Business Travel. And make no mistakes: all the lights are green for business travel to explode in Germany, as this graphic made by IATA and other professionals show.
Of course, this does not mean that tourists will be left behind, although they are less valuable than what they are today. However the relative weakness of Germanwings and the change of strategy of Ryanair to business travel are, according to me, sound evidence that the battle for Germany will be about business travel.
The war promises to be bloody: in response to Ryanair’s surprise opening in Cologne, Germanwings decided to take on the Irish company on a Dublin-to-Cologne route. On the other hand, ailing Flybe chose to close its routes. A fair choice considering its bad financial health.


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We sell quality designer Flags to what you see being sold in the US Flags market. The big difference is a 3x5ft Flag they sell for $14.99. We even offer volume sales for the wholesale price at $3. Today “Flags” is one of the fastest-growing industries in the US. We also value your online safety and offer a safe and secure online shopping environment. All data gets encrypted which actually makes it safer shopping here online than shopping at your local mall. No Joke!


Establish organic and fair trade added value production chains locally that are ecologically, socially and economically sound, and to make it attractive to all parties in the chain.
To constantly challenge or stress our environment and its inhabitants is an environmental time bomb. It will cost us highly if we do not take action to sustain and replenish natural resources. If we accept the relationship between our activities and their consequences on the environment, then we must be willing to incorporate the true costs of producing our food and fiber into the marketplace. Organic and fair trade products are not expensive therefore, the other products are simply too cheap.


Looking to capitalize, err, emulate, the success of Apple’s retail stores, Microsoft up and decided to create its own retail stores and place them in high-traffic mall areas, sometimes right across the way from an Apple store. Microsoft’s retail initiative borrows heavily from Apple, from the architectural design to the employees wearing brightly colored shirts, and all the way down to a Guru Bar (read: Genius Bar).
But Microsoft’s retail initiative hasn’t exactly been blowing anything out of the water. Lackluster foot traffic compounded by uninspiring products that one can find at an assortment of electronics shops effectually diminishes any sort of buzz these stores might otherwise have.
Writing for the LA Times, Nathan Olivarez-Giles recently visited a Microsoft retail store in Mission Viejo to gauge how well Microsoft’s retail efforts were going. And with the holiday shopping season in full swing, what better time to stop on by than on black friday.
Over a half-hour period, 19 people walked out of the mall’s Apple Store carrying purchases in one of the company’s signature white bags. By comparison, just three walked out of the nearby Microsoft Store with merchandise.
The survey may not have been scientific, but it reflects what analysts say is the challenge Microsoft Corp. faces in taking on Apple Inc. in America’s shopping centers.
One shopper Olivarez spoke to explained that Microsoft stores lack the exclusivity inherent in Apple stores. “Everything sold here can be bought somewhere else, likely for a lower price,” the gentleman explained. “There is no exclusive product here to pull me in. But at the Apple Store, there’s all kinds of stuff I can’t get anywhere else.”
More problematic, though, is that the Microsoft Store, even with all of its computing options, still lacks the variety users can find at stores like Best Buy and Target. If you can waltz into a Best Buy and play with 40 different computers and get all sorts of configurations, a relatively limited selection of PCs at a Microsoft store makes for an extremely uncompelling shopping experience.
Apple’s line of retail stores were borne out of necessity. Most stores didn’t carry Apple products, and those that did often showcased them in neglected and infrequently foot trafficked areas. Apple Stores finally gave Apple’s lineup of products to shine. Microsoft’s retail initiative, on the other hand, seems to be remedying a problem that doesn’t exist. Why, exactly, does Microsoft need retail stores?
The root of the problem may very well be that Microsoft simply lacks sexy products with which to lure in customers. Sure, it has the Xbox, but aside from that, who’s getting all excited for Windows 7? Where’s the awe-inspiring industrial design to catch the attention of passerbys? Apple has the iPhone, the iPad, the iMac, the MacBook Air – these are products that people actually get excited about and look forward to purchasing.
In the end, the biggest problem with Microsoft’s retail stores may very well be Microsoft.


China's National Bureau of Statistics has announced that the country's economic output rose by over 10 percent in each of the past two quarters even as much of the world economy remains mired in slow growth. Another indicator of China's rapid rebound from the global economic crisis is the sale of luxury goods, with the total amount rising to $9.4 billion by the end of last year.
China now accounts for more than a quarter of the world's purchases of luxury goods. At this pace, it will soon bypass the US to become the top market for such products after Japan, even though its per capita income is still much lower than in America. Indeed, according to Du Junfei, a professor of Nanjing University, while purchases of luxury goods amount to 4 percent of consumer's assets worldwide, the figure in China is as much as 40 percent or higher.
This Chinese peculiarity reflects the distinctive makeup of the country's luxury goods market. Radha Chadha, a board member of a leading Shanghai-based consulting firm, says luxury goods buyers fall into three categories. One group is the really rich, another includes so-called "cool" youngsters, and the third consists of white-collar workers, especially managers.
Of course, the first two groups are big buyers of luxury products in the West. Haughty, affluent youngsters flood high-end malls in the US and Europe just as they do here - I see lots of these kids while taking strolls in my Sanlitun neighborhood.
Rich people in and outside China buy luxury products to show off their wealth and status. What sets China apart from Western countries and, by extension, accounts for the unusually high purchase of luxury goods in relation to consumer assets here, is the third major segment of the high-end product market: white-collar workers. While white-collar workers in the West, especially America, are big consumers, they typically hunt for bargains. This behavior is reflected in the success of retailers like Wal-Mart and Costco.
In contrast, white-collar workers in China often equate expensive luxury brands with high quality. As one white-collar worker quoted in a Xinhua China.org report put it: "I think a bag priced at 10,000 yuan is more suitable for me. It is better than 100 bags priced at 100 yuan each."
According to a recent survey of netizens in Jiangsu and Zhejiang provinces, 56.7 percent of the respondents said they saved money to buy luxury goods. One extreme example cited in the China.org report is the case of Tony Wang, a senior executive in an advertising company. Even though Wang makes 20,000 yuan a month, he limits himself to fruits and a cup of coffee for lunch in order to add to his piggy bank for luxury purchases.
While Chinese consumers at least haven't over-leveraged themselves to buy luxury goods, their obsession with high-end brand products strikes this particular laowai (expatriate) as being quite irrational. The money saved to make such purchases could surely be better spent on other things, including continuing education to upgrade skills or travel to unique destinations to broaden one's horizons.
Moreover, this white-collar behavior certainly smacks of keeping up with joneses. The desire to show off one's taste for elegance locks middle-class Chinese into a competitive struggle to sport the latest and best Italian clothes, designer handbags, and the like. And when it comes to function, most of the time one can get by just well with good generic brands versus expensive luxury goods.
Finally and most importantly, the scramble for luxury products doesn't seem to have made Chinese any happier. Indeed, in the most recent University of Michigan World Values Survey, China ranked 46th in the world with respect to the happiness of its citizens.
In my personal observation, the happiest people in Beijing are the laobaixing, or ordinary residents, I see in parks and other public spaces indulging in simple pleasures like singing and dancing together. I seriously doubt that few, if any, of these folks care much about owning lots of luxury brand products.
It is often said that money can't buy happiness; the same goes for owning a very expensive Luis Vuitton handbag.
The author is an American corporate trainer in China.


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Shimano Iron Works was founded in Japan in 1921 with a single lathe and a dream. Their quest for perfection and innovation has never wavered. Shimano has always strived to understand global trends and individual customer needs as they explore new markets and this was the pivotal idea that first drew Mr. Yoshizo Shimano to the U.S.
A New Market
In the early 1960’s more than six million bicycles were sold annually in the U.S., with most production done domestically. The dominant U.S. bicycling companies were Schwinn, Murray Ohio and Muffman.
In the spring of 1965, Yoshi landed in the U.S. to set up a sales office that would later become Shimano American Corporation, their first operational headquarters outside of Japan. Yoshi wanted to be close to the influential and fast-growing U.S. market to observe consumer trends and be in touch with manufacturers. The initial office was in New York City with Yoshi and two associates.
The first order of business was to hang a sign that stated the objective of the new organization. The plaque simply read, “We are here …read more
Via:: Team Novo Nordisk


This webinar is designed with actionable change in mind and provides you with a framework to start your sustainability journey.
This session will be delivered by Helen Taylor, Director, Hosta Consulting, an entrepreneur and experienced small business owner who started her business with a strong environmental ethos which helped the business grow and successfully tender for public sector contracts. Helen has further developed her expertise in business and sustainability since completing her MBA and sees an opportunity for small businesses to start and grow in an environmentally responsible way with a low carbon strategy and that embraces environmental sustainability.
These sessions will help you understand the environmental issues we currently face both as individuals and business, how as business owners we can realistically respond to start and grow environmentally responsible businesses that embrace sustainability, increases customer value, creates competitive advantage and improves financial performance.
- Introduction to sustainability
- Purpose in business and how to develop a culture of sustainability
- Climate and sustainability policy
- ‘Greenwashing’ and how to avoid it
- Barriers to sustainability in business and how to overcome them
- A framework to help start your sustainability journey
- Sustainability in your supply chain
- How to communicate your sustainable strategy to customers


Numerous easy, ready-to-use automatic cryptocurrency trading bots are available for purchase, subscription, or free download.
Identifying which cryptocurrency trading bots are likely to perform as planned, which are profitable, and which are unsuccessful experiments or, worse, are designed to steal the user's money is a difficult undertaking.
While a free crypto trading bot may appear to be a good deal, free does not always equate to quality, and the best crypto bot will differ depending to the demands and experience of each user.
Several advantages of utilizing a crypto trading bot platform include the following: Time is money. This is the primary benefit that automated trading and cryptocurrency bots provide: Trading that is efficient and rules-based without the need to monitor the markets.
When combined with a backtested, algorithmic trading strategy (a crypto trading bot), traders maximize their chances of success.
Strategies for cryptocurrency trading bots Automated trading bots are intended to be highly flexible in order to accommodate a broad range of trading methods.
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" If this surpassed my expectations of Dogecoin, and I only struck it in two months, think of where it'll be in a year." Of course, as with any unpredictable investment, there is a genuine chance that Mr. Contessoto's Dogecoin holdings might lose most or all of their value, which his imagine homeownership could again be out of reach.
5 million, roughly half what it was at the peak, he published another screenshot of his account on Reddit." If I can hodl, you can HODL!" the caption read.
The hell year that is 2020 has actually wreaked havoc on life as we understand it. Bitcoin. There is now more than $350 billion worth of Bitcoin in the world, an incredible appreciation for a virtual cash that was worth basically absolutely nothing a decade earlier.
I purchased a bunch of Bitcoin for $136 dollars each on a website called Coinbase and searched for methods to invest them. There weren't numerous places that understood what Bitcoin was, much less accepted it for purchases, however due to the fact that I resided in the tech capital of San Francisco at the time, I did have a couple alternatives, consisting of a cupcake store and a sushi restaurant called Sake Zone.
I lost five pounds, both since of the minimal food options and because my only transport alternatives were strolling or riding a bike that a buddy rented to me for half a Bitcoin. And I was continuously caffeine denied since I could not discover anywhere selling coffee for cryptocurrency. On the last night of my experiment, a Monday, I chose to commemorate the week's end by throwing a dinner at Sake Zone with my staying crypto-stash.
I had actually called the dining establishment's owner, Yung Chen, in advance to ensure it would be OKAY to do a group dinner and pay for it in Bitcoin. I had actually told him it would likely be 15 people or two. When I got to the tiny dining establishment on Clement Street in the Richmond District, there were currently 2 dozen individuals outside.
Bitcoin as a shop of worth? I didn't buy the arguments that Bitcoin was like gold. This month, with Bitcoin rising, I called Yung Chen to inspect in.
In 2017, after they shut down Sake Zone and when Bitcoin was worth a couple of thousand dollars, Mr. Chen sold about a quarter of his Bitcoin. He now is sorry for that choice offered just how much the digital cash has valued." I offered some. I feel so bad," he said. "Now, I simply keep it.
" It's a lot. It's close to like a half-million dollars in my account." Mr. Chen's other half, 54, is completely retired, however Mr. Chen, 63, is still working, for the city of Oakland as a walkway inspector, a task he has actually had for almost twenty years. When I asked him why he had actually been an early believer in Bitcoin, he explained that he had experience in the tech sector.
In 2015, he made it through the betrayal of partners who had successfully bankrupted his business. Big debts and the need to pay expenses ended up being a call to action, so by utilizing all his experience and innate talent as a salesperson, along with his brilliant experience in crypto trading, Alex introduced his most effective task to date, PLATINCOIN.
The audience of the company's item audience is more than 500,000 people around the world, and every day there are a growing number of users. The primary objective of all PLATINCOIN products is to make cryptocurrencies available to every user on the planet and provide people an easy tool to go into the financial market, which today is more than 2 billion people are denied of.
Calibra or Libra is a new cryptocurrency developed by Facebook and other business. Libra is perhaps one of the most questionable blockchain tasks, and viewpoints are divided about it. On the one hand, some sees the Facebook effort as a threat to the anonymity and decentralisation of the blockchain, whilst, on the other hand, others see it as the long-awaited advancement for the innovation. design a website with google.
When Roger Ver found out about Bitcoin in 2011, he began investing greatly in technology and also began conducting educational activities. He posted ads on roadside signboards and posted them on the Internet, he lectured to schoolchildren and distributed free tokens. It was then that he earned the title of the 'Bitcoin Jesus'.
In the crypto neighborhood, Roger Ver is referred to as an ardent fan of Bitcoin Cash: among the famous forks of Bitcoin. After the spinoff, Roger announced that this digital asset was developing precisely along the course that was initially planned for Bitcoin - design a website using bootstrap. His main bugbear with Bitcoin is what he claims is its too little block size and his gripe with the low deal speed.
Cryptocurrency has actually received an increase from numerous high-profile backers. As of this writing, one Bitcoin is worth about $63,485.
If you desire to get into crypto's next huge thing before it really goes mainstream, I would suggest something that has not made a great deal of sound in the public however is thought about by lots of in the cryptosphere as the biggest thing since Bitcoin itself: Decentralized Finance (De, Fi).
These business will hold the secrets to their customers Bitcoins for them. There is a really popular saying in the cryptosphere: "Not your secrets, not your Bitcoins". This is cautionary recommendations from a market which has actually been burned lots of times. If there is one thing that dissuaded financiers from this property class, it is definitely the danger of fraud.
Decentralized finance is the next sensible step in this experience. It intends to build monetary instruments based on wise agreements which automate deals without any interference from main authorities. These smart agreements can be both basic and complex.
Picture buying a house using a smart contract which states that if you send out a particular amount of money monthly, and after a certain amount of time, the title of your home becomes yours. No need to borrow from the bank, no requirement for notaries or lawyers, and if you default on your payments? The title returns to the seller.
Aside from overt cases of scams or insider trading, the decentralized nature of coin exchanges results in a hands-off experience where the platform can effectively regulate itself. The most crucial difference to make between ICOs and IPOs is that the tokens offered are an extension of the company's product or service; in reality, it may even be the product or service itself. In this context, you can even think of an ICO as a software launch which leads into the next topic. Remarkably enough, the most significant
obstacle to this technology's disruptive capacity is the revolutionary tech on which it's based - design a website blog. Blockchains are extremely beneficial in theory, but there's still a remarkable quantity of data in lots of longstanding markets that are essentially unattainable. (There are also major issues with scalability more.
on that later.) If you're well-informed in computer technology and mathematics, you can absolutely gain from discovering more about the different jobs presently underway to deal with these issues. A drastic simplification would be that they're a cross between collectible coins and trading cards. The term non-fungible methods that these tokens aren't interchangeable with routine currency; they're thought about unique and have no set price. Naturally, this has led to a huge speculative bubble sustained by stars where a video clip or social media post can cost over 6 figures.
There's also a significant problem with scalability when it comes to any Ethereum-based job (which is basically all De, Fi projects), so a disproportionate quantity of money will be invested on gas charges. Having to invest more cash than you make on transaction charges isn't viable for many usages and is in fact counter-intuitive to one of the significant selling points of De , Fi making finance more available and able to accommodate smaller transactions. Might 8, 2021 6 minutes read This story initially appeared on Stock, Market 4 Leading Cryptocurrencies To Think About Buying Other Than Bitcoin has been the talk of the marketplace over the last few years. It has actually ended up being the de facto requirement for cryptocurrencies. With the recent surge in cryptocurrencies, it sure does bring in a great deal of retail financiers' attention away from the traditional area. Cryptocurrencies are usually developed to be devoid of government intervention and control. And it is this fundamental aspect that made this property class grow in popularity. More Institutional Financiers Jumping On The Cryptocurrencies Bandwagon Cryptocurrency has been one of the greatest monetary stories of the year up until now. Costs seem to be soaring to expensive levels amidst strong institutional approval. Another catalyst behind the current rise is the growing usage of this altcoin's platform in decentralized financing (De, Fi) applications. Source: Coin, Market, Cap Right now, although there are some competing blockchains declaring that they can process deals faster and at lower charges, Ethereum is still the biggest and go-to blockchain for De, Fi.
Unlike business cryptocurrencies, which are decentralised and regulation-free, it is issued and controlled by the nation's main bank (design a website report). That suggests, with the state guaranteeing the value of the cash, it uses both the financial stability of physical money and the benefit and security of crypto. Or, in other words, it is a digital variation of the bank's coins and notes.
In Europe, efforts are less innovative. The European Central Bank last year released what it called a "thorough report" into the potential for a digital euro, however its President Christine Lagarde said last month it would take a minimum of another four years to reach fulfillment, if it ever introduces at all.
" I like the Bahamas' digital currency since they began with the position of 'we have a problem, how do we fix it'," he states (design a website blog). "Their issue was that the external islands didn't have great banking gain access to so the main bank actioned in. It's supplying a form of cash that can be used in those islands and can be used offline.
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The past decade has actually seen the unrelenting rise of cryptocurrency as an alternative form of digital currency. However what precisely is it and what capacity does it have to change the world of money? In this remarkably clear, one-stop guide WIRED Senior Editor Gian Vopicelli describes everything you require to understand about cryptocurrency.
No one can invest their coins twice, since when a deal is taped in the journal, every node in the network will know about it. Who paved the way for blockchains?
Blockchains likewise have potential applications in the relatively dull world of corporate compliance. After all, storing records in an immutable journal is a pretty excellent way to ensure auditors that those records have not been tampered with. This may be excellent for more than just catching embezzlers or tax cheats. Walmart, for example, is using an IBM-developed blockchain to track its supply chain, which might help it trace the source of food pollutants.
Land records. Used cars. Real estate. Streaming content. For this reason the expression "xxx on the blockchain" as a catch-all for the enduring hype cycle. The concern is, if one company (say, Walmart) has control of the information, did it actually need blockchain at all? It's too early to say which experiments will stick.
The First Blockchain, The original bitcoin software was launched to the public in January 2009. It was open source software, meaning anybody might examine the code and recycle it. And many have. Initially, blockchain lovers looked for to merely improve on bitcoin. Litecoin, another virtual currency based on the bitcoin software, seeks to use faster transactions.
DISCOVER MOREThe companies indicate the current rise in bitcoin's rate as a sign that investors are warming up to crypto. Fundamentally, absolutely nothing has actually altered given that late 2017, when the cost of bitcoin increased to almost $20,000, driven mainly by hysteria. It's still backed by absolutely nothing and managed by no federal government; it's still dominated by a choose set of mining pools, based generally in China.
If there is inadequate balance readily available, traders can visit their exchange account to top up. Bitsgap does not straight hold any client funds, for that reason withdrawals are completed on the connected exchange. Leverage Review Given that Bitsgap enables traders to perform orders on numerous exchanges, a large selection of take advantage of and margin alternatives is also available.
For those who plan to begin smaller, the expense is greater vs rivals, such as Pionex. For example, on the Standard subscription, if you trade with the optimum $25,000 monthly you 'd be paying around 0. 08% in costs. Pionex offers its robot service for totally free and takes a transaction fee of 0.
With any trading bot, the quality of the service is constantly more essential than the cost, so it could be worth the additional financial investment in this circumstances. Offers & Advertising The Bitsgap recommendation program provides an interesting opportunity to make additional cash. Any traders with an active paid account can refer a buddy who'll get 10 USDT in trading credit to their account.
Bitsgap does not provide a mobile app. As an aggregator, Bitsgap relies on the API connection in between themselves and the exchange to place orders.
The automated trading robotic and arbitrage performance are ideal for beginners seeking to go into the crypto market without extensive analysis. Nevertheless, the dependence on the API connection can trigger concerns with postponed order executions. We want to see more derivative exchanges on the list of connected brokers in the future.
Traders can evaluate the profitability of an EA prior to they invest. Plus, Bitsgap provides a demo account to try it out on your own before trading genuine cash. Is Bitsgap Worth It? Those questioning whether Bitsgap deserves the financial investment ought to try the 14-day complimentary Pro account. The trial allows traders to test the full variety of functionality prior to handing over.
Bitsgap has 12 complete stack developers and every team member has its own job. The customer support team is gradually being included when needed and they will expand it as soon as needed. Here is more info about the board members: Variety of Cryptos and Market Cap Overview, It's going without saying that Bitsgap provides access to Bitcoin and the significant altcoins, which is the most crucial for the majority of crypto traders.
Market information is also presented on the website, which can be discovered when clicking the tab "market cap". A list of cryptocurrency pairs is noted from greatest market cap to most affordable. There are also other information points such as the closed price on which exchange, modification in the last 24 hr, and access to the rate graph.
When you click a cryptocurrency in the menu, a list of exchange choices will then expand, and you exist with a comparison of the rates at different exchanges. There is also the possibility to look for any cryptocurrency in the search field. Click the magnifying glass and enter a crypto name of your choice, and you will see the outcomes appear like in the image listed below.


Save the date for our June Chamber Lunch
Join the delegates of the East King Chambers Coalition, your fellow local business leaders and our Eastside legislators in a robust discussion about this year’s historic legislative session.
Our moderator, Kirkland Mayor Penny Sweet, will facilitate panel discussions with the legislators that focus on four broad policy topics: transportation, budget and taxes, housing and human services and economic recovery and will take questions from the audience.
King County has several priorities that are in full focus as vaccines continue to rollout and businesses and residents prepare for a “new normal”. While Covid is at the forefront of everyone’s minds, the battle of homelessness, affordable housing, and transportation continue to be concerns. Join Executive Dow Constantine as he looks at vaccine rollouts and other King County priorities.
Please join Attain Housing for an entire month of cycling challenges, weekly mileage & climbing contests, and raising critical funds for Eastside King County families facing homelessness!
Join us for a premier online event to celebrate the power and generosity of our community amidst a year of unexpected challenges. This event will feature corporate sponsorships, peer-to-peer fundraising, and an online auction to raise funds to end #diaperneed as thousands of Washington families face the potential of long-term impacts by COVID.
This year, we celebrate the 20th anniversary Evergreen Gala as an inclusive, virtual experience presented by Denali Advanced Integration. The Evergreen Gala will be both a celebration of our collective impact over the last two decades, as well as an opportunity to come together in a new, inspiring way to build for the future.
Join the Walk for Parkinson’s to raise awareness, show those living with Parkinson’s we support them, and to raise money for support services.
Please join us for our largest fundraiser of the year. Although we can’t meet in person, we have a plan for bringing our community together. Beginning May 1, visitors to www.bandageball.org will be transported to an immersive storytelling experience, including three video stories of Overlake’s impact, an online silent auction, and maybe a surprise or two.
Join us for the August Chamber Lunch. Stay tuned for the speaker announcement.
Sorry, we couldn't find any posts. Please try a different search.


We break down how the provincial election has been unfolding, how other Canadian jurisdictions approached pandemic elections, and where we go from here.
In Labrador, the election fiasco adds another layer to the inequities imposed by a government founded on the denial of Indigenous peoples’ rights.
The film draws parallels between the 1992 cod moratorium and the realities of modern-day Newfoundland and Labrador.
Newfoundland and Labrador may have just fumbled its way into an ultra vires election; game over on a technical foul.
“Emergency powers are still constrained by the constitution and the rule of law. It’s really hard to predict what happens next.”
More than five hundred full-time jobs were created by the Newfoundland and Labrador film and television industry in 2019 and 2020.
“[There] would have to be an increase in the alert level before we would consider significantly delaying an election,” Chaulk tod the Independent.
This is a referendum on negotiating debt relief with the federal government. Your only choice is how much leeway to give the provincial Liberals.
“We can’t pretend that the municipal sector, with its property tax, is going to be able to afford a billion dollars over the next 10 years.”
The debates are a significant milestone in the 2021 campaign.
So-called parachute candidates can be controversial, but they can also serve important functions—and even strengthen democracy.
Voters do not have the ability to give properly informed consent so far in the 2021 election. That’s a major problem.
Find out where candidates stand on issues including the province’s changing demographics, paths forward for its troubled economy, climate change, and more.
“The one thing citizens deserve is a more honest assessment of what the future in the province holds, and what each of these parties would do differently.”
With more women listed on the ballot than ever before, candidates and advocates highlight their experiences—and barriers to political participation.
Nature abhors a vacuum and when the attention economy is starved of real information it will begin to produce and consume bullshit.
Candidates Sarah Stoodley, Sheilagh O’Leary, Andrea Newbury, and Damian Follett talked to us about they would represent Mount Scio in the House of Assembly.
From the circumstances prompting it to the candidates running, here is everything you need to know about Newfoundland & Labrador’s 2021 general election.
With so much so much at stake, shrouded in so much secrecy, spread out across unruly social media platforms, chaos reigns over the coming campaign.
This article was initially published as the donors-only ‘letter from the editor of the Independent’ on 10 January 2021 (#36). For more like this delivered directly to your inbox every week, donate below. Do you trust the voting public of Newfoundland and Labrador to make good decisions about the future of their province? It’s an important question. And for a lot of influential people, the answer seems to be “no.” Consider the Premier’s Economic Recovery Team (PERT). Last week, Mary Shortall, president of the Newfoundland and Labrador Federation of Labour, abruptly quit her position on the PERT citing concerns that its recommendations for “economic recovery” would put her in a conflict of interest with her duties to represent the interests of the province’s unionized workforce. This comes about a month after Jerry Earle, president of the Newfoundland and Labrador Association of Public and Private Employees, had his own meeting with…


Pariplay, a subsidiary of tech-driven iLottery and iGaming solutions provider NeoGames, has inked a deal with Tipico’s US division, paving the way for even further growth in the US market.
Under the terms of the agreement, Tipico customers in New Jersey will have access to a variety of Pariplay’s content, including games from its Wizard Games series and some aggregated content from its Fusion service.
NeoGames, the parent firm, has announced that its subsidiary, Pariplay, is getting ready to expand its operations in the North American market.
Tipico, for its part, is a leading online sportsbook and online gaming operator. The organization offers cutting-edge digital entertainment in addition to captivating gameplay coverage across 30 distinct sports. Recently, the online casino in New Jersey reintroduced a brand-new and well-established platform developed entirely in-house.
The content held by Pariplay will be ready for integration in the first quarter of 2024. The current collaboration is a continuation of an existing connection. Tipico is a known Pariplay customer in European markets.
Amidst all of this, Pariplay will remain focused on its expansion plans throughout certified states and introduce its Wizard Games and Fusion content. There will be the onboarding of various other operators in the region, such as Rush Street Interactive and Hard Rock Digital.
According to Tsachi Maimon, President and Head of iGaming at NeoGames, it is a tremendous opportunity for them to offer iconic titles to Tipico US through their rebuilt online casino in New Jersey at the beginning of 2024. According to him, they intend to actively distribute their Wizard Games and Fusion content in order to attract more North American gamers.
According to Tipico’s US CEO, Adrian Vella, the ability to offer Pariplay’s content to its consumers in 2024 will be a huge benefit with the introduction of their newly organized online casino facilities in New Jersey. He is confident in their Wizard Games as well as the Fusion collection, which will further reinforce their position in the North American gaming industry.


The Villas at Walton Creek Condos in Steamboat Springs are a hot commodity this summer. There were 4 sales at the Villas in 2015. Of those, 3 were in June, July and August of 2015. There are 3 Villas condos under contract right now.
We have a 2 bedroom 2 bath listing that just went under contract and another we’re involved with as the buyers’ agents. This will mean that 6 condo sales at the Villas at Steamboat will occur in the summer and fall months.
The sales stats are also looking good. Per square foot, the sales at the Villas in Steamboat have improved greatly. This year so far the average price per square foot is $302.80. We haven’t had that pricing at the complex since 2008. This is very encouraging for the current owners at the Villas at Walton Creek, and indicate to the buyers who are on the fence that if they they don’t buy quickly, the price may go up.
The Villas Condos are popular with both the full time and second home owners. They are moderately priced, and all have an attached garage. They have the feel of a real neighborhood, while also providing amenities that attract second home owners such as hot tubs, play area and are within a couple of blocks to the Steamboat Ski Area and the free bus stops right by the development.
The HOA also makes The Villas appealing. The association does a very nice job maintaining the quality of the complex, and the monthly cost is pretty low compared to other developments. It includes almost everything- even heat and high-speed internet! The only utility that the owners pay for is electricity, and with the heat provided by the HOA, that is a very small amount.


In simple terms, a sole proprietorship refers to a business which is not incorporated and which has only one owner.
I’m encountering more and more sole proprietors who want to form S-corps so they can save on taxes. It’s a good strategy — if you know what you’re getting into. The problem I encounter with these clients is: almost all of them engage in mystical thinking about the wonders of S-corps.
This series on choosing a business entity started last June and covered 10 parts. Here’s a listing, with links, of all the parts in this series.
There’s no magical checklist for deciding on a business entity. But here are a few considerations.
In tax terminology, the term “draw” refers to money taken out of a sole proprietorship by the proprietor, or out of a partnership by a partner.
Does a Sole Proprietorship Need a Balance Sheet?
A discussion of the sole proprietor business entity.
Some basic tax information about sole proprietorships
Basic tax information about sole proprietorships
NOTE: I wrote this post in 2014, so be aware of its age. —– When I talk about the topic of salaries in sole proprietorships, I typically get confused looks from people. They run a sole proprietorship, they take money out of the business to live on or to reward themselves … that’s a salary, […]


How One Michigan City Is Sending Kids To College Tuition-Free
Paying for college presents a tremendous hurdle to many families, from wading through paperwork and to understanding of college debt. But what if the city you lived in footed the bill for college? That’s what Kalamazoo, Mich., has done for almost a decade. The effort, called the Kalamazoo Promise, has spent about $50 million assisting more than 3,000 students from the city.


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- US stocks traded mostly lower on Monday as investors brace for a Fed meeting later this week.
- The Federal Reserve is expected to aggressively hike interest rates by at least 50 basis points.
- First-quarter earnings results continue to roll-in, and so far 77% of companies that have reported so far have beat profit estimates.
US stocks traded slightly lower on Monday as investors braced themselves for a more aggressive interest rate hike by thelater this week.
The Federal Open Market Committee meets on Tuesday and Wednesday, with an interest rate decision to be revealed at 2 p.m. on Wednesday. Market participants expect the Fed's Jerome Powell to announce an increase to the federal funds rate of 50 basis points, just two months after it made its first interest 25 basis point hike of the cycle in a bid to tame inflation.
Meanwhile, first-quarter earnings continue to roll in, with about 55% of S&P 500 companies having already reported results. Of those companies, 77% are beating profit estimates by a median of 8%. Additionally, 69% of those companies are beating revenue estimates by a median of 4%, according to Fundstrat.
Here's where US indexes stood shortly after the 9:30 a.m. ET open on Monday:
- S&P 500: 4,120.37, down 0.28%
- Dow Jones Industrial Average: 32,922.95, down 0.16% (54.26 points)
- Nasdaq Composite: 12,281.99, down 0.35%
Warren Buffett's Berkshire Hathaway held its annual shareholder meeting over the weekend in Omaha, Nebraska, and Insider's Theron Mohamed traveled to Omaha, Nebraska to document the event.
The $785 billion conglomerate revealed that it bought a net $41 billion into stocks last quarter, while slowing down the pace of its own share repurchases. Clearly, Buffett still sees opportunity in the stock market despite the recent .
Berkshire purchased shares of Activision Blizzard after Microsoft announced its proposed acquisition in a merger arbitrage play, and it also increased its position in Apple, which by-far represents its largest stock portfolio holding.
Despite losing more than $2 billion on its position, Cathie Wood's Ark Invest continues to buy shares of Teladoc after its near 50% earnings-driven implosion last week. The innovation-focused investor bought more than 600,000 shares of the tele-medicine company across its ETFs on Thursday and reiterated a bullish view on the company in an e-mail to investors.
Bitcoin rose 0.25% to $38,794. Ether prices fell 0.80% to $2,818.
Gold fell as much as 2.58% to $1,863.20 per ounce. The yield on the 10-year Treasury added three basis points to 2.96%.


Not all commercial real estate is created equal: This is the first blog post in a series about fundamentals across major CRE property type sectors.
The old adage rings true as much today as it did during the 2007/2008 Great Financial Crisis: real estate is a cyclical market. Despite short-term tailwinds, strong real estate fundamentals will ultimately prevail, but blanket statements rarely capture the full truth. Not all commercial real estate is created equal; various property types and market segments move in different economic cadences and supply/demand market cycles.
One of the primary reasons that commercial real estate, as an asset class, has endured and thrived throughout volatile market cycles is its diversity of property types, or sectors. Commercial real estate is a dynamic, diverse and heterogeneous asset class. In the US alone, there are 7 property type sectors that eclipse $2T in value, including office, retail, industrial, multifamily, hospitality, land, and specialty buildings.
While technically and practically part of the same asset class, performance in one property type sector is not necessarily correlated to others. Macro factors might influence various sectors in different ways. For example, job growth or remote worker dispersion in up-and-coming metros like Phoenix might strengthen opportunities for multifamily investors, while potentially reducing office demand in central business districts like San Francisco.
In the first blog post of this series, we will deep dive into fundamentals shaping the multifamily property type’s performance today, as of Q4 2023.
Leverage Supports Strong Real Estate Fundamentals
Before covering macroeconomic trends shaping the multifamily market, it’s important to understand the role of leverage in shaping return profiles and real estate fundamentals across all property types.
CRE is often a leveraged asset. When managed wisely, leverage can be a powerful and useful tool. While investment managers might have sufficient cash on hand to purchase a property outright, adding leverage (or debt) can boost the internal rate of return (IRR) of a real estate acquisition deal, which also enables that same investor to diversify equity capital across more investments or properties.
However, even the most lucrative or attractive properties can be negatively affected by too much leverage, changing interest rates or a lack of refinancing sources. Ultimately, debt payments must be made on contactually scheduled dates, regardless of market conditions, asset performance or financing rates and availability. Thus, equity investors that fail to generate the cash flow required to make contractual debt payments might be forced to find additional equity capital, refinance at unattractive rates and terms, or potentially even lose the asset to the lender.
With interest rates at their highest level in 10+ years and debt capital more difficult to source, investors need to prudently manage their equity interests and debt levels. They also might need to plan to secure additional equity capital to preserve and protect their ownership interests in an asset.
How Housing Shortages & Demand Affect Multifamily Real Estate Fundamentals in 2023
Population growth, immigration, migration, changes in household formation and other factors have caused a material imbalance in demand for housing and housing stock across US markets. This housing stock gap has grown materially in the past 12-15 years due to a slowdown in housing unit construction following the Great Financial Crisis (GFC). According to Zillow, US housing stock is undersupplied by 2-4 million units as of mid-year 2023. The shortage developed in the years following the GFC, and was sharply yet briefly amplified by supply chains, rising costs and other factors at the pandemic’s outset. Even if demand slows, generating excess supply to chip away at the existing shortfall and rebalance the market will take significant time (years) and consistent effort.
For the 10+ years prior to the GFC in 2007, the U.S. saw total housing starts of 1.6 – 2.1 million annually, which includes single family residential (SFR) and multifamily units. Given actual demand at the time, these levels are now viewed as contributors to a supply excess that culminated in the GFC. For over ten years following the GFC, total housing starts were at approximately half these levels, resulting in today’s accumulated shortfall.
While SFR properties are distinct from multifamily assets, these two sectors are intricately linked. Prospective tenants often choose one or the other based on factors like market conditions, lifestyle, location, affordability and family formation status. In this sense, SFR and multifamily act as buffers for one another. It’s important to note that SFR generally accounts for 2-3x the number of new multifamily unit starts, meaning that SFR typically has a stronger impact on multifamily than multifamily would on SFR. For example, in 2021 and 2022, there was a double-digit percentage increase in the rental rates for multifamily as the supply shortfall particularly in SFR continued to expand.
The disparity between multifamily and SFR units varies significantly by region and sub-market, and while we won’t deep dive into specific geographic markets, we will address the broader factors distinguishing multifamily. In fact, even as the supply shortfall remains with the possibility for moderate SFR growth, the multifamily space in many markets will see significant or excess new supply hitting the market over the next 12-24 months, which many expect will keep rental rate increases at low, flat or compressed levels.
Multifamily Long-term Fundamentals Remain Strong
Precise estimates are difficult to validate, but experts anticipate approximately 500k to 750k annualized new multifamily units will be delivered between now and the end of Q2 2025. These units are in various phases of the development pipeline today, but will all be new and available for occupancy during the next 6-8 quarters. In some markets, this means new supply bursts of 5-10% of total inventory will increase pressure on rental rates as the market absorbs the new supply. Regardless, we are excited about the long-term fundamentals of the multifamily sector.
With rent growth slowing, construction financing costs increasing and general economic uncertainty persisting, the new development pipeline for multifamily has largely also hit pause. In fact, we anticipate seeing a significant slowdown in new starts hitting the market in 2-3 years (and maybe 3-4 years) from today.
While the multifamily sector will face numerous challenges, such as economic uncertainty, cost inflation on services, taxes, insurance and interest charges, and challenging labor supply, experienced operators are equipped to mitigate these and other risks. We continue to remain optimistic about multifamily’s outlook as a high-conviction property type.
Government-Sponsored Lending Fosters Robust Choices
The federal government’s interest in creating and maintaining affordable housing supply has proven advantageous for investors of residential properties in the form of sponsored lending opportunities. Government-sponsored entities like Fannie Mae and Freddie Mac are charged with creating conditions to foster a robust, liquid financing market. This reduces the friction that investors and developers might otherwise face when seeking the capital required to finance multifamily deals throughout the entire risk spectrum and at various points in the property lifecycle. Other than SFR, no other asset class benefits from this type of government supported financing.
Strong, Thematic Rent Growth Over the Long Term
Top-line revenues across multifamily are coming off consecutive years of record-high rental growth, and as previously stated, we anticipate that rents will likely stabilize for the near term as material multifamily supply hits the market.
However, the reality is the fundamentals related to population growth, housing formation, general inflation, and continued SFR supply constraints will result in long-term demand growth for multifamily units. Because developers view rent growth as a critical metric for evaluating the economics of new construction starts, supply will be somewhat constrained until rent growth–or the perception of it–emerges. Until then, all demand must be accommodated by existing supply and construction deliveries in the pipeline.
While we don’t expect predictable growth, we do anticipate rental rate increases will act as a hedge to inflation and rising housing costs overall.
Dynamic Lease Terms and Annual Rent Growth
Multifamily landlords benefit tremendously from leasing standards, tenant diversity and the reasonably short-term nature of leases. While the end of summer and beginning of the year account for an over-allocation of lease starts, multifamily operators typically rent to individual tenants on a one-off basis (i.e. not large block of leases) for one-year terms. This creates exceptional fluidity in pricing and vacancy management opportunities. Turnover times are reasonably defined unless a unit needs major upgrades, creating certainty for landlords that a vacant unit can be rented quickly if properly priced for rent.
Short leases enable landlords to increase rent on an annual basis to meet market conditions, provided that these increases are in line with statutory or contractual lease rate rules. Additionally, landlords have also capitalized on new service revenue opportunities that supplement core rent revenue, such as trash pickup, delivery services, managed Wi-Fi, electric vehicle charging, and other smart home offerings.
Perpetual Housing Demand Underpins Strong Multifamily Fundamentals
Despite present challenges, multifamily real estate operators maintain a confident long-term outlook. These high costs continue to limit developer deliveries, but the opportunity for owners remains strong.
The long-term appeal of multifamily is reinforced by the massive, ever-present demand for housing units. Despite higher capital costs skewing margins, financing availability also contributes to the market’s evergreen appeal. Historically low unemployment rates and the economy’s overall strength will continue to drive demand and underpin strong real estate fundamentals for multifamily, with resilience to tailwinds hampering other sectors.
While multifamily real estate demand may fluctuate due to certain macro factors, and today’s shortage may eventually pass, the basic societal need for housing will endure. We have strong conviction that multifamily will retain its status as a darling of the commercial real estate market, creating lasting value for years to come. Investors with a long time horizon and measured levels of growth should be rewarded for their patience and focus on the multifamily sector.
17 CRE Investment Questions Your Data Can (Finally) Answer
To outperform the competition and move at digital speed, real estate investment managers must make decisions that are grounded in–not simply supported by–data.
Download our white paper to learn just a few examples of how CRE investment managers can turn data into answers with unprecedented speed, precision and scale with deal management software.


Acemoglu and Robinson present a brilliant insight into why some nations succeed in improving the lives of their citizens and others do not. Successful countries have:
- Stable and just laws.
- Strong property laws.
- Inclusive economic institutions.
- Inclusive political system.
Failing countries have:
- Poor governance.
- exclusive economic institutions that channel benefits to the ruling clique.
- Exclusive political institutions that permit decision making by only the ruling clique.
- Rule of law not upheld.
- Private property not secure.
Inclusing economic institutions do not mean redistribution of income along the socialist or communist models, but just laws that enable the average citizen to use their available resources as they see fit. They will do what is most beneficial for themselves and their families.


AARP Eye Center
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As a result of the Affordable Care Act, people with Medicare in Oregon have saved $44,372,738 on prescription drugs since the law was enacted. The Centers for Medicare & Medicaid Services (CMS) also released data today showing that in the first half of 2012, 12,053 with Medicare in Oregon saved a total of $6,646,011 on prescription drugs in “donut hole” coverage gap for an average of $551 in savings this year.
Nationwide, over 5.2 million seniors and people with disabilities have saved over $3.9 billion on prescription drugs since the law was enacted.
“Millions of people with Medicare have been paying less for prescription drugs thanks to the health reform law,” said CMS Acting Administrator Marilyn Tavenner. “Seniors and people with disabilities have already saved close to $4 billion nationwide. In 2020, the donut hole will be closed thanks to the Affordable Care Act.”
These savings are automatically applied to prescription drugs that people with Medicare purchase, after they hit the Medicare Part D prescription drug coverage gap or “donut hole.” Since the law was enacted, seniors and people with disabilities have had several opportunities to save on prescription drugs:
- In 2010, people with Medicare who hit the donut hole received a one-time $250 rebate. These rebates in Oregon totaled $12,560,000;
- In 2011, people with Medicare began receiving a 50 percent discount on covered brand name drugs and 7 percent coverage of generic drugs in the donut hole. Last year, 46,973 Medicare beneficiaries in Oregon received a total of $25,166,727 in discounts, an average savings of $536 for 2011;
- This year, Medicare coverage for generic drugs in the coverage gap has risen to 14 percent. For the first six months of the year, people with Medicare in Oregon have saved $6,646,011.
Coverage for both brand name and generic drugs in the gap will continue to increase over time until 2020, when the coverage gap will be closed.
For more information on how the Affordable Care Act closes the Medicare drug benefit coverage gap “donut hole,” please visit: http://www.healthcare.gov/law/features/65-older/drug-discounts/index.html.


NCF is pleased to announce a new Annual Partnership with Marr Procurement.
Marr Procurement offers sourcing and procurement services split into two areas: Supply Base Optimisation and Strategic Sourcing.
“Many care operators today are facing more financial pressures than ever before. It is therefore imperative we offer our members a way to address such cost pressures without compromising on the quality of care. I am therefore delighted to announce that Marr Procurement, the care sector procurement specialist, has joined the National Care Forum as a new partner in 2017.”
Vic Rayner, Executive Director, National Care Forum
“It is a privilege to be involved with the National Care Forum. I have worked in the UK care sector for a little over 45 years and never before have I seen the kind of cost pressures that care operators are facing today; for example, downward pressure on fee income and rising operating costs like the living wage, temporary labour agency costs and now Brexit-related inflationary pressures. Marr Procurement is like a breath of fresh air in that before I joined the team everyone I talked to said what they liked about them was that not only do they produce outstanding results but they are also open, honest and nice people to work with. At at time when the UK care sector is facing real financial difficulties, if there is one organisation that can help to reduce operating costs without compromising on quality or care, it’s Marr Procurement."
Sir William Wells, Chairman, Marr Procurement
NCF members will be able to meet Christoph Marr and the team at the forthcoming NCF Annual Conference on 15-16 May at the Birmingham Conference and Events Centre.


Stearns Bank specializes in USDA loans nationwide with a 40-year history.
We have an in-depth knowledge of the USDA loan program and pride ourselves on delivering high-quality, efficient service to borrowers across the nation. Stearns Bank is committed to providing an opportunity for stability, growth, expansion and rural employment to new or existing businesses in communities of 50,000 people or less.
- Loans up to $20 million or more
- Specializing in USDA Business and Industry (B&I) and Rural Energy for America loans
- Proficient in a variety of industries and project types
- Longer repayment terms – up to 30 years
- Equity agreements as low as 10%
- Loan uses: Business and industrial projects, installations and construction of renewable energy systems, refinancing, construction, modernization, expansion or purchase of equipment/machinery/supplies
Our experienced USDA lending team will walk you through the process. We Get The Job Done!


Crystal Insurance Company Limited is one of the leading general insurance (Non Life) company in private sector in Bangladesh. The company transacts a wide range of General Insurance business in Bangladesh and expertise in the field with sound and stable financial position.
To provide prompt, efficient and professionalized services for maximum risk coverage of the insured. To provide insurance coverage at the most competitive premium rate ensuring maximum security. To promote Human Resource development and professionalism in insurance business. To settle insurance claim promptly. CICL believes in the quality of the deals struck rather than the quantity of it. With our knowledge and expertise it is our commitment to the insuring community to deliver them the highest standard of security and professionalism.


Tower investors receive entitlement offerPUBLISHED: 09 Jun 2010 00:07:18 | UPDATED: 09 Jun 2010 06:40:18PUBLISHED: 09 Jun 2010 PRINT EDITION: 09 Jun 2010
Tower Australia Group investors, the country’s fourth-largest insurance company, are expected to receive today details of their entitlement offer for the $96 million capital raising. .
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Please don't post your comments more than once. I moderate all comments and a delay between posting and appearing is part of the drill here. I get to all comments in due time. Please don't continually repost the same comment. Only one will be posted. Thank you.
Tuesday, December 23, 2008
Wednesday, December 17, 2008
Saturday, December 13, 2008
Thus, it seems that there is an appeal filed with the Oregon Court of Appeals in Arken. In Robinson, the issue is primarily whether the case is certified as a "class action." Recall that the PERS Coalition lost on all counts in Arken, but won a significant victory in Robinson. There is no doubt in my mind that the defendants in the Robinson case (PERS), will appeal Kantor's verdict, but that is on hold until and whether the Robinson plaintiffs and attorney decide to pursue the verdict as a class action.
In the meantime, the White case, which challenges the entire settlement agreement in the City of Eugene case (Lipscomb), is still occupying space in Judge Kantor's office. He decided in late September that no hearing was necessary and that he would rule on the basis of the substantial factual record before him. If Judge Kantor is true to form, it will be somewhere near the summer solstice before he issues a ruling.
So, please enjoy your holiday season. You can go back to sleep for about four or five months before any new information is likely in these various cases.
Thursday, December 04, 2008
Without getting too technical, suffice it to say that the actuarial rate guarantee plays into many aspects of the PERS system. PERS has the legal authority and the fiduciary responsibility to use an assumed interest rate that is attuned to economic realities and fiscal experience. The 8% rate was established in 1989 and so it has been in force for 20 years. Prior to that the rate was lower. There is no precedent that I can find where the system *lowered* the assumed rate. Actuarial tables and their associated mortality factors, which drive the optional benefit forms PERS retirees can select from, are built from the assumed interest rate. Reduce the rates and the mortality factors will change. This will, in turn, lead to lower monthly benefits. Similarly, the Tier 1 regular account balance is driven entirely today by the assumed rate (the 8% guarantee) since no new funds have flowed to Tier 1 accounts since January 1, 2004. At a lower assumed interest rate, account balances would grow more slowly. Again, a lower account balance at retirement will lead to a lower monthly benefit and coupled with lower mortality factors, drives the monthly benefit down significantly. Finally, the employer contribution rates are driven by several factors, not the least of which is the assumed rate at which employer contributions are expected to grow. If the assumed rate is lower, employer contributions will rise because less of the anticipated growth will come from the assumption about earnings. This is the trickiest idea for most people to understand, but any careful research would demonstrate its truthfulness.
Even from the briefest introductions above it is easy to see that both PERS members and their employers have interests that are completely aligned. The coupling of the assumed interest rate makes both parties agree on the direction of the assumed interest rate.
Recently, I had an email exchange with Greg Hartman about this, while a PCC colleague had an almost identical conversation with Paul Cleary, PERS Executive Director. Both mentioned the same set of facts. First, employer rates have been set for 2009-2011 on the assumption of an 8% rate. This means that no change will be made until the next time the PERS actuary undertakes its next system valuation in 2010. That will be used for the 2011-2013 rate setting. Second, the 2009-2011 mortality tables have already been set to take effect on the first of next month. They, too, assume an 8% earnings rate. The take home message here is that none of the crucial decision-making about the assumed interest rate would make any sense until 2010 for implementation in 2011. Both Hartman and Cleary make the same point about the next system valuation. The 2009-2011 rate-setting and mortality table implementation do not take into account the dismal situation in 2008. Those losses will get recognized in the next system valuation in 2010. Since those losses bear on employer rates, there is a strong likelihood that employer rates will rise significantly resulting from the 2008 system losses. If PERS were to add to that a change in the actuarially assumed interest rate, employer rates would rise even further. It was a steep rise in employer rates that triggered the series of events that led first to the City of Eugene case, the 2003 Legislative reforms, and the string of litigation that followed. It is doubtful that anyone has the stomach for that again.
The logical conclusion from this is that, despite the pressure from outside forces to do so, it is highly unlikely that we will see a decrease in the actuarially assumed interest rate anytime in the near future. Of course, a rogue legislature might try to force the issue, but with all the forces who share a common purpose in keeping those rates where they are, it seems unlikely that the Legislature will try to overcome that resistance.
Monday, December 01, 2008
It is not really possible to pinpoint the precise point at which OPDG began its long downhill slide into irrelevancy, bickering, and petty sniping. It has been at least a year, possibly more, since there has been any spirited discussion of a significant PERS topic. Yes, there have been discussions of PERS-related matters, but the old fire simply isn't there. Earlier this year, I made the decision that I could not tolerate the level of politicization of the Board and its hostile takeover by the extreme political right. I resigned as a moderator, and after many entreaties, started my own Yahoo newsgroup that *is* devoted exclusively to PERS and retirement-related issues. Once the political candidates were known, OPDG began on the relentless path to irrelevancy. There was a constant drumbeat of anti-Obama rhetoric, and attempts to crush and intimidate any opposing viewpoint (especially those who actually supported Obama). This has not abated with Obama's election, the financial crisis, and the end of George Bush's presidency. If anything, the hostility has grown in much the same way that talk radio seems to inflate by the appearance of political opposition.
The irony of this is that OPDG's charter actually warns new members about the very things that are tearing at the fiber of OPDG. Uncivil discussions, name-calling, ad hominem arguments, censoring posts for no obvious reason, etc. The reality is that there are only now four or five regular posters and a few drive-by shooters - mostly from the political far right, and a couple who have tried to defend the more moderate or left wing of politics. The left has no chance on OPDG, because the moderation team is composed primarily of those with opposing viewpoints. In short, for those of us who are celebrating the beginning of a new era in politics, OPDG is like the polar-bear club, with waterboarding.
Because I have no desire to subject *my* readers to the abysmal and unpleasant discussions over at OPDG, I am today removing the link for OPDG from my blog, and from my newsgroup. I will no longer reference any discussion on OPDG and will, in all likelihood, completely discontinue any participation in that group. Its members will still have access to the same news as both this blog and my newsgroup (see left to PERS Oregon Discussion) are completely open, unlike OPDG.
Contrary to the belief of many, there is still plenty of PERS news to report. It won't be daily; it may not be weekly. There is a legislative session coming in about 7 weeks, and with the financial crisis still ongoing, there will be many discussions about PERS and its financial health. It would not surprise me to find that PERS benefits show up again in discussions. Whether this will result in any changes or not, remains to be seen. But you can be assured that I and many others will be watching, listening, and reporting on relevant PERS news. You can be certain to find out here and on our sister-newsgroup (PERS_Oregon_Discussion).
And to the owner of OPDG, I wish you well competing in the political world. There are many other discussion groups on the web you can compete with. But if you wish to become the FOX news archive on the web, I'm afraid that FOX news has its own archive and anyone interested in seeing the views presented on that network can go there. You would be wise to heed the advice of Manu Chao who said it best when he wrote: "Politik Kills". Your group has a substantial membership, but the question you need to ask is how many readers do you actually have. How many have tuned out because the group has lost focus and lost direction. OPDG is becoming like the legendary foo bird. If you don't know that legend, Google is your friend.


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BOSTON (MarketWatch) — My, how things go full circle. A few years ago, before the housing market crashed, experts warned Americans against counting on the equity in their home to fund their expenses in retirement. Six years later, experts are singing — even in light of a still-depressed housing market — a slightly different tune, telling retirees and pre-retirees they will have to consider many tactics, including a reverse mortgage, to afford retirement.
Consider: Fidelity Investments this week joined the fray with a survey noting that working American households may face a potential 28% drop in income in retirement and that four in 10 retiree households already report not having enough income to cover their monthly expenses.
To bridge that income gap, Fidelity is telling folks to do the usual things: adjust their asset allocation, increasing the percent allocated to stocks; increase their savings; delay their retirement date; and annuitize their retirement assets. But Fidelity is also telling folks, as researchers at the Center for Retirement Research just did last week, to tap into their home equity.
According to Fidelity, 72% of people it surveyed own a home and 32% of homeowners have no mortgage. “Through downsizing and expense reduction, this home equity could be harnessed to generate income in retirement,” Fidelity said in its release.
John Salter, an associate professor in the Personal Financial Planning department at Texas Tech University, is among those who agree with Fidelity’s assessment that people will need to find ways to use home equity for retirement income. “Many current and future retirees’ homes will be one of their biggest assets, and this may be a resource moving forward that shouldn’t be ignored,” he said.
To be sure, Fidelity did not explicitly say “use a reverse mortgage.” But increasingly, advisers and others such as Salter are telling Americans to at least consider the product when building a retirement income plan. “I believe reverse mortgages will be a very important tool to consider now and moving forward with retirees,” Salter said. (Read the Center for Retirement Research at Boston College report, “How Important Is Asset Allocation to Financial Security in Retirement?”, which recommends the use of reverse mortgages here.)
According to Salter, reverse mortgages haven’t always been viewed favorably, but all that changed when the Federal Housing Administration (FHA) launched the Home Equity Conversion Mortgage (HECM) Saver in October of 2010. Prior to the HECM Saver, there was the much maligned HECM, which many viewed as an expensive product with upfront costs, upfront fees for insurance, closing costs, monthly service fees and the like.
“I came from the same camp as most financial advisers thinking the HECM was too expensive to be justified as a mainstream planning tool, but with the HECM Saver option, I have since reconsidered, and subsequently learned many of the benefits of the product that are quite attractive.”
Benefits of reverse mortgages
Those benefits, according to Salter, include the following:
- The loan benefit can be taken as a line of credit, tenure payments for life or term certain, or a cash-out.
- It’s a non-recourse loan, meaning the liability to homeowner/estate is never more than the value of the home. The FHA insurance picks up the difference.
- Interest or principal payments are not required.
- The proceeds are tax free.
- The interest, when paid, may be tax deductible.
- The loan is not cancellable/callable (as with a home equity line of credit or HELOC).
- Unused line of credit grows over time based on LIBOR rate, independent of home value.
Of course, older homeowners have to meet some requirements to qualify for a HECM Saver. For instance, Salter said the youngest borrower on deed must be age 62. Taxes and insurance must be paid on an ongoing basis, as well as the house maintained. The HECM Saver must be on primary home.
And, Salter suggested that there be little or no forward mortgage on the home, but this is not required. “Any remaining balance on a forward mortgage must be paid or rolled into the reverse mortgage,” he said. “If a forward mortgage exists there would just need to be an analysis completed to determine if there are means to pay off the forward mortgage and the benefit relative to doing so.”
There are, as is seemingly the case whenever the subject of reverse mortgages comes up, plenty of misconceptions that plague the product’s use and acceptance. For instance, although this was the case in the past, the bank does not own the home, Salter said. “A debt is accrued that must be paid off upon sale or death — up to the value of the home with the FHA-insured product,” he said.