Clearing Houses – Julia Vinograd Sun, 19 Sep 2021 05:27:48 +0000 en-US hourly 1 Clearing Houses – Julia Vinograd 32 32 India’s Ministry of Agriculture teams up to modernize agriculture – OpenGov Asia Sat, 18 Sep 2021 00:34:15 +0000

The Philippine Space Agency said the Philippines should move forward with the establishment of more and more satellites launched into space. According to the Department of Science and Technology (DOST), the MULA (Multispectral Land Assessment Unit) satellite, scheduled for launch in 2023, is on the government’s priority list. With its added jet propulsion system, MULA will stay in space longer and take more images than other Filipino-made satellites that have already been launched.

“I look forward to seeing how MULA’s enhanced imaging capabilities can help improve disaster management, mapping of land use and vegetation cover changes, crop monitoring, and forest monitoring,” he said during a virtual event on the Philippine Space Agency (PhilSA) social media page. .

The results of our human resources development program are even beyond our expectations given the difficult working environment in which we currently find ourselves. Our partner countries like Japan say we are catching up quickly. I hope that the government’s budget support will be stronger and will continue.

– Secretary DOST

It would be twice as heavy and larger than the Diwata-2 microsatellite, with more payloads and spectral bands, allowing it to support more imagery applications and satellite products. “MULA is very important for DOST. In addition to being the largest Philippine satellite developed, it is the first satellite that DOST realizes in coordination with PhilSA, ”said the head of DOST.

The Secretary of DOST is confident of PhilSA’s ability to oversee the completion and planned launch of MULA, as well as to manage and operate the satellite thereafter. “It gives me pride to see first-hand how DOST’s early space R&D (research and development) activities helped young and capable Filipino scientists and engineers,” said the manager, adding that the dedication of the MULA team inspires him.

Using the satellite, Filipino researchers could use MULA to mitigate challenges such as water quality and the sustainability of marine resources, among others. The MULA satellite in low Earth orbit can circle the globe ten times a day, expanding market data opportunities or leveraging collaboration with other countries.

In addition, the launch of two locally built cubic satellites (cubesats) to the International Space Station (ISS) – Maya-3 and Maya-4 – has been delayed due to inclement weather. According to the Philippine Space Agency (PhilSA), another attempt will be made. According to the deputy general manager of PhilSA, the cubesats will illustrate the stabilization and control of satellites in orbit, the processing and classification of images on board, as well as the use of solar cells and cubesat antennas, and will test the functionality of the satellites. sensors and chips.

In an interview, the Secretary of Science and Technology (DOST) said: “I am happy that the country is meeting its targets and deadlines in the space technology program. “The collaboration between DOST, PhilSA and the University of the Philippines (UP) – Diliman has been quite effective,” he added.

Both cubesats were created under the STAMINA4Space (Space Technology and Applications Mastery, Innovation, and Advancement) program, which was funded by DOST, UP Diliman, PhilSA and the Kyushu Institute of Technology of Japan. The cubesats are almost identical, weighing 1.15 kg and measuring 10cm (cm) X 10cm X 11.35cm.

Their missions included demonstrations of data acquisition on the ground, capturing images and videos, detecting and protecting against lock-in of a single event due to space radiation, and demonstrations of GPS chips, among others. Maya-1 was launched in 2018 and Maya-2 in 2021. Diwata 1 and 2, both microsatellites, were launched in 2016 and 2018, respectively. DOST previously noted that the projects will increase efforts to harness the power of satellite technology for other purposes such as agriculture, forest cover and natural resource inventory, weather forecasting and assessment and monitoring. monitoring of disaster damage, among others.

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City should prepare for a € 900 billion Brexit if Brussels plays a political role Fri, 17 Sep 2021 16:55:00 +0000

The City and several financial services groups in Brussels are pushing for an extension of access to the clearinghouse beyond June next year.

Yesterday, a trio of large lobby groups for the European finerv sector called on Brussels to expand EU access to London clearing houses amid warnings of financial instability.

The groups wrote to the European Commission today, warning “that there is a significant risk of market disruption to EU clearing members and their customers” if the deal is not extended beyond June 2022.

If there is no extension, the City runs the risk that the very large euro-denominated derivatives of the large clearing sets will be removed from the Square Mile, currently clearing around 900 billion euros each day.

In Brussels, the general opinion is that any constitutional political change – which Brexit effectively is – must in no way endanger the economic stability of European financial markets.

Discussing the situation with London-based Tim Focas, head of capital markets at Aspectus Group, he said “worryingly, if the offer of the Brussels bureaucrats to punish the City for political gain is successful, we are moving towards the chaos of having several European clearinghouses. “

“This will only serve to severely restrict the efficiency of the market which, as a by-product, will affect economic growth and job creation,” Focas said. City AM this morning.

In order to make derivatives less risky, clearing houses, which sit between UK and EU financial institutions to trade, require initial liquidity from both sides when a trade is closed.

If fragments are cleared in different parts of the world, the very large euro-denominated derivatives will be removed from the large London clearing sets, which currently clear around 900 billion euros per day.

Eurostar announced today that it has received a £ 250million refinancing plan from a group of banks in an attempt to shore up its finances amid the Covid-19 pandemic.

“There’s just a pretty big problem if that happens. This will lead to smaller clearing sets in separate clearing houses, ”Focas said.

“In real terms, this means higher costs and, more importantly, reduced capital efficiency, as companies have to provide more liquidity as collateral,” he added.

“With this in mind, instead of the government just hoping that lobbying from the city will save the day, it makes more sense to actively promote co-surveillance of customs clearance with the EU,” Focas said.

Joint monitoring

Joint monitoring by ESMA and FCA is one way forward. After all, there are significant differences in the size and structure of Clearing Members across Europe. Some small businesses operate on a subnational basis, while large investment banks operate across Europe.

In some cases, certain clearing services may be offered on the one hand by large players and on the other hand by smaller ones.


“A combined regulatory system would adjust supervision accordingly to accommodate some of these nuances, removing the pitfalls of a single authority, be it FCA or ESAM, dictating the best approach,” said declared Focas.

Why would this system work? This would allay any understandable fears among the market about a single regulator leaning towards protectionism, he argued.

“Not only does this ensure a margin of regulatory competition across Europe, but it could also improve decision-making by sharing knowledge and expertise across national borders. “

“In addition, as far as it is politically possible with still raw feelings after the bitter political divorce, a common approach can encourage faster decision-making,” Focas explained.

In turn, this could significantly reduce the costs that trading companies incur due to regulatory delays. “And who would be against creating an environment of greater information sharing between UK and EU lawmakers – especially around a systemically important function like compensation?”

Now is not the time to politicize clearing, which would hamper the future growth and prosperity of the EU and UK capital markets.

“Instead, policymakers should strengthen the clearing links and promote the financing of economic growth and prosperity in a post-Brexit world,” Focas said.

“Not only would this negate concerns in Brussels about a lack of control, but it would also maintain the City of London’s position as the pan-European champion of global compensation. Ultimately, if politicians fail to agree on a working compromise, other global financial centers (notably the United States) will be more than ready to pounce. »He concluded.

Euro Sculpture in Frankfurt undergoes restoration

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Ether Expected to Be 55% Lower and Face Fierce Competition from Solana and Other Blockchains, Says JPMorgan Strategist | Currency News | Financial and business news Fri, 17 Sep 2021 15:00:00 +0000
The cryptocurrency ether works on the ethereum network.

  • The fair value of the ether is around $ 1,500 based on measurements of network activity, a JPMorgan strategist said.
  • That’s about 55% lower than Friday’s price of around $ 3,470 for the Ethereum token.
  • Nikolaos Panigirtzoglou said Ethereum faces increasing competition from smart contracts with other blockchains.
  • See more stories on the Insider business page.

The fair value of the ether is around $ 1,500 based on measures of network activity, said a global market strategist from JPMorgan. That’s about 55% lower than Friday’s price of around $ 3,470 for the Ethereum token.

Nikolaos Panigirtzoglou told Insider that the ethereum network is less attractive than the current price of ether suggests, as it faces increasing competition from blockchains like solana and cardano.

Panigirtzoglou, who became JPMorgan’s crypto expert, said he and his team looked at various metrics of activity on the ethereum network to try and determine a fair value for the token.

JPMorgan believes that a larger base of miners and users means greater adoption and makes the network more attractive to product developers.

“We are looking at the hashrate and the number of unique addresses to try to understand the value of Ethereum. We are struggling to exceed $ 1,500,” he said.

“There is a question mark here. The current price expresses an exponential increase in usage and traffic which may not materialize.”

Ether – the cryptocurrency that runs on the ethereum blockchain – has climbed over 850% against the dollar in the past year during a widespread crypto boom.

Read more: Founder of Gold-Backed Cryptocurrency Explains Why Now’s The Perfect Time For Investors To Buy Stables – And Explains His Prediction That Inflation Could Get “Even Worse Than The 1970s”

Still, Panigirtzoglou recently told Insider that Ethereum’s main selling point – that developers can build decentralized apps and smart contracts on them – “can easily be replicated by other networks.”

“It’s not unique,” ​​he said. “You already see the competition from binance, the competition from solana. And there will be more in the future.” Panigirtzoglou also cited cardano, which recently modernized to enable the creation of smart contracts.

However, Jack O’Holleran, CEO of Ethereum development firm Skale Labs, told Insider that Ethereum is likely to remain the dominant decentralized financial blockchain, especially given the upcoming network changes that should help it achieve. get bigger and faster.

“The vast majority of smart contract developers build in the Ethereum ecosystem,” O’Holleran said. “Despite announcing major partnerships on other channels, we still see the absolute majority of (developers) being drawn into the Ethereum vortex.”

Decentralized finance, or DeFi, uses crypto technology to create financial products that do not require centralized authorities. For example, they could allow trading without clearing houses or “smart contracts” that automatically pay interest on loans.

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Bayelsa begins removing silt and cleaning the canals – :::… The Tide News Online :::… Fri, 17 Sep 2021 01:41:43 +0000

Former Nigerian President Dr Goodluck Jonathan appealed to the National Association of Resident Physicians (NARD) and the federal government to quickly resolve the ongoing industrial conflict in order to save lives in the country.
Jonathan made this advocacy at the 57th Annual Conference and Scientific Workshop of the Association of Medical Laboratory Scientists of Nigeria in Yenagoa, capital of Bayelsa State.
He said that the importance of the medical profession cannot be overstated, just as he praised the members of the Medical Laboratory Science Association for their tenacity during the pandemics that have recently taken place in the country.
The ex-president instructed medical scientists to continue investigating the causes of diseases, with a view to also working on prevention mechanisms and possible remedies whenever they occur, saying that if the country is to develop , the medical sector must play a pivotal role.
Similarly, Bayelsa State Governor Douye Diri has tasked the federal government to work on a harmonized pay structure for all medical workers in the country.
He said if there had been a harmonized salary structure for all staff in the medical profession in Nigeria, the problems of endless industrial strikes due to salary issues would have been a thing of the past.
Diri, represented by his deputy Senator Lawrence Ewhrudjakpo, said all staff in the healthcare delivery chain are important and therefore should be treated fairly on the platform of fairness.
According to the governor, medical laboratory scientists are essential to the doctor’s ability to correctly diagnose and treat diseases in the health system.
He pointed out that although the medical laboratory profession is at the forefront of disease investigation, it has not received the recognition it rightly deserves in Nigeria.
Governor Diri, who urged the federal government to carry out comprehensive reform in the health sector, suggested that states and local governments should be given more responsibility and resources to provide services to the population, while as he said the federal government is currently overwhelmed. by the challenges in the health sector, hence the urgent need for devolution of power to save the sector from total collapse
“I want to call on the federal government to lead a comprehensive reform in the health sector of our country. Salaries and allowances for all categories of health workers in Nigeria should be harmonized.
“All personnel in the health sector are important and should be treated on the basis of fairness. Medical laboratory scientists are involved in the proper investigation of diseases, but they are less recognized in Nigeria.
“Only a harmonized salary structure in the health sector will bring equity. Experience has shown that if you satisfied the doctors, the nurses would complain, ”he said.
“If you make the nurses happy, the pharmacists will complain; if you satisfied the pharmacists, the environmental health workers would complain and make their own demands. Let us reflect on this issue of wage disparity in the healthcare sector at this conference. However, here in Bayelsa State, the challenges AMLSN faces are being addressed by the government, as a follow-up to our health summit. We are working on the legal framework, and also to incorporate the delegation of tasks to achieve better results and results, ”he added.
In a keynote address, Dr Azibapu Eruani, Group Chairman, Azikel Companies called for effective collaboration in funding and promoting research to prepare for the onset of any pandemic in the future to prevent losses human, social and economic consequences.
Minister of State for Health Dr Adeleke Mamora said AMLSN is at the forefront of capacity building to guide physicians in clinical case management and patient treatment.
Represented by the Chief Medical Director of the Federal Medical Center of Yenagoa, Dr Dennis Alagoa, the minister said that President Muhammadu Buhari has established the health sector reform committee to address the challenges facing the sector. and improve the delivery of health care in the country.

By: Ariwera Ibibo-Howells, Yenagoa

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The seductive promise of decentralized finance Thu, 16 Sep 2021 16:25:06 +0000

THE SCEPTICAL have a lot of forage. Early users of bitcoin, the original cryptocurrency, used it to buy drugs, while cyber hackers are now demanding their ransom. Hundreds of millions of dollars of ether, another digital currency, were stolen this year after hackers discovered a bug in a code. Many “believers” are actually trying to get rich quick from the global craze that has seen cryptoassets rise in value to $ 2.2 billion. Others are terribly dedicated. The entrepreneur who announced in June that El Salvador was adopting bitcoin as its official currency sobbed on stage, saying it would save the nation.

Crooks, fools and proselytes are off-putting. Nonetheless, the rise of a financial services ecosystem, known as decentralized finance, or “DeFi,” deserves sober reflection. It has the potential to reprogram the functioning of the financial system, with all the promises and dangers that entails. The proliferation of innovation in DeFi is akin to the invention frenzy in the first phase of the Web. As people increasingly live their lives online, the crypto-revolution could even reshape the architecture of the digital economy.

DeFi is one of the three tech trends disrupting finance. Technology “platform” companies focus on payments and banking. Governments are launching digital currencies, or govcoins. DeFi offers an alternative path that aims to distribute power, not concentrate it. To understand how, start with blockchains, vast networks of computers that keep a common, open and incorruptible record and update it without the need for a central authority.

Bitcoin, the first large blockchain, created in 2009, is now a distraction. Instead, Ethereum, a blockchain network created in 2015 on which most DeFi applications are built, is reaching critical mass. Its developers see finance as a juicy target. Conventional banking requires a huge infrastructure to maintain trust between foreigners, clearing houses and compliance with capital rules and the courts. It’s expensive and often captured by insiders: think credit card fees and bankers’ yachts. In contrast, transactions on a blockchain are reliable, cheap, transparent and fast, at least in theory.

Although the terminology is intimidating (fees are “gas”; the primary currency is ether, and title deeds to digital assets are known as TVNs), the basic activities that take place on DeFi are familiar. These include trading on exchanges, issuing loans, and accepting deposits through self-executing agreements called smart contracts. One of the indicators of the activity is the value of the digital instruments used as collateral: from almost nothing at the beginning of 2018, it reached 90 billion dollars. Another is the value of transactions that Ethereum verifies. In the second quarter, that reached $ 2.5 billion, about the same amount Visa trades and the equivalent of a sixth of activity on the Nasdaq, an exchange.

The dream of a low friction financial system is just the beginning. DeFi extends to more ambitious fields. MetaMask, a DeFi wallet with over 10 million users acts as a digital identity. To enter a decentralized “metaverse”, a mirrored world with user-run shops, you tie your wallet to a cartoonish avatar that roams. These digital worlds will be subject to increasingly intense competition as online spending increases. Big tech companies could impose huge taxes on these mini-savings: imagine Apple’s App Store charging a fee, or Facebook selling your avatar’s intimate secrets. A better alternative might be decentralized networks that host applications and are mutually executed by users. DeFi could provide payments and property rights.

Crypto enthusiasts see it as a utopia. But there’s a long way to go before DeFi is as reliable as, say, JPMorgan Chase or PayPal. Some problems are prosaic. A common criticism is that blockchain platforms don’t scale easily, and the computers they run consume unnecessary amounts of electricity. But Ethereum is a self-improvement machine. When it is in high demand, the fees it charges for verification can go up, encouraging developers to strive to minimize the intensity with which they use it. There will be new versions of Ethereum; others, better blockchains could one day replace it.

Yet DeFi also raises questions about how a virtual economy with its own standards interacts with the real world. One of the concerns is the lack of a valuable external anchor. Cryptocurrencies are no different from the dollar, in that they are built on people with a common expectation of their usefulness. However, conventional currency is also supported by states holding a monopoly on force and central banks which are the lenders of last resort. Without it, DeFi will be vulnerable to panics. Enforcement of contracts outside of the virtual world is also a concern. A blockchain contract can say you own a home, but only the police can force an eviction.

Governance and accountability in DeFi-land is rudimentary. A sequence of large, irrevocable transactions that humans cannot bypass could be dangerous, especially since coding errors are inevitable. Money laundering has flourished in the unregulated gray area of ​​services between Ethereum and the banking system. Despite claims of decentralization, some programmers and application owners exert a disproportionate influence on the DeFi system. And a malicious actor could even take control of the majority of computers that run a blockchain.

Alice’s Adventures in DeFi-land

Digital libertarians would prefer DeFi to remain self-contained, imperfect but pure. Yet, to be successful, it must integrate with mainstream financial and legal systems, as Gary Gensler, a crypto expert who is America’s financial watchdog, pointed out. Many DeFi applications are managed by decentralized organizations that vote on certain issues; these bodies should be subject to laws and regulations. The Bank for International Settlements, a club of central banks, has suggested that govcoins could be used in DeFi applications, thereby ensuring stability.

Finance is entering a new era in which the three new but imperfect visions of technology platforms, big government and DeFi will clash and intertwine. Each embodies a technical architecture and an ideology of how the economy should be run. As with the Internet in the 1990s, no one knows where the revolution will end. But it is transforming how money works and, in so doing, the entire digital world.

This article appeared in the Leaders section of the print edition under the title “Down the rabbit hole”

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Lee wants Petronas to clear the Lutong River siltation Wed, 15 Sep 2021 23:00:13 +0000

The Petronas Carigali crude oil storage farm in the background in this flooded area of ​​Lutong.

MIRI (September 16): Petronas Carigali is expected to help authorities overcome frequent flash floods in the Lutong area by immediately clearing the siltation on the protected stretch of the Lutong River where its pipelines cross the river, the transport minister said Datuk Lee Kim Shin.

Siltation of the riverbed slowed the flow of the river, causing frequent flash floods in low-lying areas around Lutong and upstream. A major flash flood incident was reported in January of this year, while the last episode occurred yesterday.

Lee, who is also a member of Senadin’s assembly, had called Petronas Carigali and demanded that urgent, short-term action be taken pending the rollout of his long-term plan, with the start of the monsoon season.

Flash floods have become increasingly frequent in these low lying areas of Lutong, including the areas surrounding the Miri oil terminal, which traditionally stores crude oil sent ashore by submarine pipelines from offshore that cross the river. Lutong River before reaching the storage tanks.

This section of the river does not fall under the competence of the Department of Drainage and Irrigation (DID) of Miri to rehabilitate because it has been classified as a protected area to safeguard these submarine pipelines.

“The problem is the siltation of the Lutong River in which DID cannot move to undertake mitigation work because this protected area is under Petronas,” Lee said.

Flash floods have become a recurring nightmare and have caused anguish among residents of low lying areas whenever persistent or heavy rainfall occurs.
Meanwhile, Petronas Carigali management has assured Lee that they will prioritize resolving this issue.

The latest incident was due to rain from Tuesday evening until noon yesterday which flooded homes in Senadin, Tudan Desaras and Kampung Sealine in the morning.

Lee, in his communication with Petronas Carigali management yesterday, said Petronas should have its own plan to address this issue in the short term pending the rollout of its long-term plan for the Lutong River.

The minister immediately visited the flooded areas of Lutong, Desa Senadin and Kampung Senadin with a DID team led by his divisional engineer and staff from his Senadin service center to assess the situation.

He pointed out that the areas around Petronas Oil Tank Farm, Kampung Senadin Jaya and Desa Senadin are frequently subject to flash floods due to the siltation of the nearby Lutong River.

At the same time, the minister also called on JKR North Zone Director Ir Siaw Ming Chian to look into the flood problem on the Pan Borneo Highway project in preparation for the upcoming monsoon season.

This issue was brought to his attention when he inspected the area with DID Division Engineer Hiew Si Tien, Kapitan Jee Kee Hiong and members of the local community near the intersection of Old Riam Road and along of the section of the Pan Borneo project.

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Homeless camp will be cleaned up for planned mixed-use development Sat, 11 Sep 2021 14:05:32 +0000

The woman who calls herself Zelda wears pink eyeshadow and doesn’t want to live in the tent in the woods along the Merrimack River. If she had what she wanted, the New Hampshire native would be in a house in a sunnier location, like Savannah, Georgia, or maybe Beverly Hills.

Later this month, she will abandon her temporary home not to move into a warmer climate, but because the owner of the land south of Black Hill Road in Concord near Exit 13 of Interstate 93 wants develop the wooded area where she and a dozen or so other homeless people live.

She is already on several waiting lists for accommodation but nothing has materialized.

“Just because you have all your ducks in a row doesn’t mean you don’t have to wait,” Zelda said. “Very patiently.”

In the meantime, she plans to pack up her tent and move to another encampment in town, joining the slow exodus of homeless Concord residents leaving the site of the old drive-in cinema before October.

Development projects

The 22 acres on a triangle of land sandwiched between Manchester Street and the highway are owned by a family trust, which is in the early stages of applying for the city’s approval for plans to turn the area into a huge mixed-use development with up to 266 apartments spread over five buildings, as well as a gas station, a car wash, a sandwich shop and a convenience store.

Subsequent plans could include a supermarket, medical office building, restaurant, assisted living facility, and independent townhouses.

Landowner lawyer Ari Pollack said contractors would start clearing the area in late September or early October to make it more attractive to potential development partners.

“It is a difficult and delicate situation and we are trying to manage it as best we can,” Pollack said. The landowners have asked Concord police to coordinate the removal from the encampment, but have yet to ask the police to make arrests if people refuse to move.

Deputy Chief Steven Smagula said that while Concord Police have the resources to perform a sweep – effectively evicting everyone within hours – a slower approach gives residents more time to move their belongings and allows for a little more dignity.

“We decided that the best course of action was basically to spread a soft message first, through awareness,” said Smagula. This means Julie Green, clinical director of case management at the Concord Coalition to End Homelessness, reminds people she sees every week that they must move out by the end of September.

“At the end of the day, the million dollar question is’ where do I go? “, and we never have a good answer for that,” Green said. She and other Coalition staff can help make calls to shelters, get people into drug treatment or apply for housing, but the waiting lists are long.

“Some of our people have already applied for emergency housing through New Hampshire Housing, some of our people have applied for Concord Housing Vouchers,” Green said. “Most people, due to the delay, will have to move to another location in Concord because applying for vouchers is a tedious process.”

When she started telling people the landowners wanted them to leave, Green said there were 30 to 45 people staying there. Those numbers have declined to close to 15 or 20. Some have managed to find more permanent housing, including a veteran who Green said had been homeless in Concord for 12 years and now has a place to live in. Nashville, Tennessee.

Later this month, police will give a more formal notice to anyone still present, accompanied by outreach workers.

“The agents will inform who they’ve spoken to that the owner wants to chase them, and then…” said Smagula.

Police and lawyers used a similar outreach strategy to dismantle a camp between the freeway and Storrs Street this spring, executing a planning process that took eight months.

Some of the displaced people from Storrs have moved to the current Black Hill Road settlement, Green said. She expects many of the people who are leaving now will remain homeless, moving their tents or cars to unused land elsewhere in Concord to start over.

Long-term roaming

Most of the people living on this overgrown land have been homeless for a long time.

The US Department of Housing and Urban Development defines a person as “chronically homeless” if that person has a disability and has been living in an area unsuitable for human habitation or in an emergency shelter for more than a year. While the Concord Coalition to End Homelessness prefers the broader term ‘long-term homelessness’, the organization focuses primarily on people who have been homeless for years, rather than families or those who briefly lose their homes. .

“The focus is on the long-term homeless because they use most of the resources,” said Gregory Lessard, director of housing initiatives for the Coalition. Without a plan to help people who may have nested issues like substance abuse, criminal history, or severe mental health issues find housing, communities end up depending on expensive emergency services like hospitals, police, and firefighters. .

While palliatives like the emergency winter shelter act as necessary band-aids, Coalition Executive Director Ellen Groh says real solutions require finding ways to permanently house people in one place. where they can access services. About two years ago, his organization realized that housing for their clients simply did not exist and that the coalition needed to take a more active role in building these homes.

“The problem is really the lack of housing,” says Lessard, “it’s very difficult for everyone to have housing, and for our clients, it’s particularly difficult.

The Coalition has a multi-year plan with different housing solutions for people living in long-term homelessness and aims to permanently house around 130 people over the next six years. Some of these strategies include providing housing services with round-the-clock support services, convincing landlords to rent to their clients, working with developers to reserve units in future projects, and purchasing land for housing people in mobile home parks.

Groh and Lessard say the Coalition plans to present the various avenues they are working on at the end of October.

Meanwhile, if Concord residents want to help their homeless neighbors, Groh said they can volunteer with the Coalition or sign up for legislative updates from Housing Action in New Hampshire or groups. national organizations such as the National Alliance to End Homelessness.

“You break the encampment, everyone will disperse until you break the next encampment. It’s going to happen again, they’re going to go somewhere, ”Lessard said. “There will be fewer and fewer places out of sight of the public.”

Homeless, not helpless

Zelda knows that people lucky enough to live in homes make assumptions about people like her – that everyone who lives without a home is drug addicts or bad people. But some people develop addictions after becoming homeless, she said. Others are unlucky or have no support to bounce back from making a mistake.

“Just because you’re homeless doesn’t mean you’re a bad person. Some people are very, very smart and have made bad choices, ”Zelda said. “My mother made a bad choice. She had an alcoholic for a boyfriend and he kicked me out.

She’s one of the few women at the camp near the Merrimack, and she tries to keep the men who remind her of the Lost Boys of Neverland online. It can be a stressful place to live, but there is also friendship and solidarity between people united by the absence of a safety net.

“It’s not just about being homeless and using drugs. It’s not that at all, ”Zelda said. “It’s about being a community and supporting each other.

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Henri Cleanup also prepared Manchester for Ida Wed, 01 Sep 2021 21:08:17 +0000

MANCHESTER, CT – With the city still reeling from Tropical Storm Henri’s visit last weekend, Manchester crews and officials have spent much of this week cleaning up drainage infrastructure in anticipation more rain from the remnants of Hurricane Ida.

One of the hardest hit areas in Manchester was Charter Oak Park, where the Hop Brook peaked and dumped thousands of gallons of stormwater into the facility.

After it was deemed safe to turn the power back on, the lights were on this week and most of the park was open again, Manchester Director of Public Works Tim Bockus said.

Then came the forecast of maybe 5 more inches of rain on Ida’s night.

“There’s a little less hype on this one because the rain – although a lot – won’t be for a short time like Henri,” Bockus said. “That’s when you get the flash floods.”

But DPW crews were still taking precautionary measures in the park, such as laying sandbags in areas prone to flooding, Bockus said.

Bockus said he had been in town for almost 25 years and at his post since 2018 and hadn’t seen so much rain.

The same precautions were taken in other parts of the city

Manchester DPW crews spent Monday, Tuesday and Wednesday cleaning up catchment areas and preparing the city’s roads for the storm.

They have also been working since last week to repair and update infrastructure in addition to the park impacted by storm Henri. Public works crews have been working hard since Tropical Storm Henri, vacuuming catch basins and placing sandbags in some buildings in the city.

The city has issued several advisories regarding Ida:

  • Do not drive in standing water.
  • Do not attempt to cross road barriers or areas blocked by public security. Roads and bridges can be washed out or structurally defective.
  • Do not let children play in standing water.
  • Discard water that has collected from objects around houses to reduce the potential for mosquito breeding.
  • Never touch electrical equipment when wet or standing in water.
  • Consider hiring a qualified electrician to assess damage to electrical systems.
  • Have wells checked for bacteria and chemical contamination before using them.
  • Have damaged septic tanks or leach systems repaired as soon as possible to reduce potential health risks.
  • Treat all drop cables as if they were live.
  • If a house or property is damaged, take photos or videos to document your damage and contact the insurance company.
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Central Hudson prepares Lake Katrine site for new training facility – Daily Freeman Sat, 28 Aug 2021 19:04:05 +0000

LAKE KATRINE, NY – Central Hudson Gas & Electric Corp. says it is working to minimize the nuisance associated with building a training academy and distribution center adjacent to the existing utility equipment storage facility at 2001 Ulster Ave. (Route 9W).

The project in the Lake Katrine section of the city of Ulster was approved in November 2019 following briefings by Central Hudson, but the scale of the clearing operation, which includes blasting, over the 56-acre plot surprised some people. Guardian.

“On the blasting that is taking place, we have a notification system where we will call neighbors who would like to be called just before an explosive detonates,” Central Hudson spokesman John Maserjian said. In addition, he said, the utility has “done seismic surveys at the residences just to make sure they are well below the levels of concern, and they are.”

Maserjian added that Central Hudson has asked the US Occupational Safety and Health Administration if the emergency alarms on the agency’s trucks can be turned off so neighbors don’t have to hear the incessant beeps.

He said the state’s Department of Transportation “was going to launch a pilot program at its saltworks to use another type of back-up alarm that might not go that far but might be suitable for workers at the site.” We will see if this can be integrated into our project.

The city of Ulster, meanwhile, plans to hold a public information session next month where residents can ask questions about the project.

“The city is planning another community meeting… to fill in the gaps,” said supervisor James Quigley.

Maserjian said work currently underway at the site – including the creation of a “gas village”, an energy control center and a pole yard – has an estimated cost of $ 40 million. of dollars, but the training center itself will be “in addition, and the cost is being finalized.

“This building will be the last to be developed,” he said.

This render shows how the new Central Hudson Gas & Electric Corp. on Ulster Avenue in Lake Katrine, NY, must appear. (Provided by Central Hudson)

The training center will be built on land separate from the current Central Hudson building by the Bread Alone operation. The utility has reached an agreement with Bread Alone to use 1.8 acres of that company’s 5.4-acre parcel to connect one Central Hudson site to the other.

Central Hudson creates the center to keep its teams abreast of new technologies, regulatory changes and new emergency management techniques.

New buildings at the Central Hudson site will include a 40,000 square foot training academy with classrooms and offices; a 31,000 square foot indoor training area; and a “gas village” consisting of six small residential training buildings, one 800 square foot commercial training building and one 240 square foot training apartment building.

An electricity transmission and distribution control center will consist of a 41,500 square foot building.

“Construction of the gas village… should be practically completed by the end of the year,” Maserjian said. “The village will be used to train employees and first responders to safely deal with emergency situations when natural gas and electricity service is present.”

Quigley sees the new facility as beneficial to the city, noting people from outside the region who train there could stay at one of the four nearby hotels and patronize nearby businesses.

“The greatest value for me… is the replacement, with the new development, of the [property] values ​​that have been lost, ”said the supervisor. “It is also essential that we create new jobs in the community. These are new jobs in both relocations and new hires, and I hope these new hires choose to become residents of our community… and that helps strengthen the housing market.

Central Hudson plans to begin work on the pole yard at the site later this year and prepare it for training use in mid-2022.

“The pole yard… will be used to train and test line workers to respond to emergencies, install electrical components, properly manage high voltage power lines, pole top rescues and more,” Maserjian said. . “The site will contain 15 distribution poles of varying heights, as well as transmission poles, all with interconnecting wires.”

Construction of the main training academy and a conference annex is scheduled to begin in 2024.

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DeFi Technologies: As DeFi grows, how will regulators protect investors? Wed, 25 Aug 2021 10:33:09 +0000

Decentralized (Challenge) Exchanges continue to gain an increasing number of users as the level of trading and the wide selection of assets and services they offer grows.

The total value of assets in Challenge is now over 84 billion dollars compared to only $ 1.8 billion in June 2021. So what is driving this expansion of Challenge?

Challenge allows cryptocurrency owners to earn interest and allows borrowing, lending and purchasing insurance, or simply trading speculatively.

Indeed, Challenge aims to offer cryptocurrency owners a range of services in a decentralized way – typically offered by traditional financial markets that rely on centralized exchanges and clearing houses.

Hype Cycle For Blockchain – July 2021:


Gartner thinks that Challenge takes two to five years to reach a productivity plateau – that is, when the technology begins to be adopted by the general public, which, in reality, is not very long for a technology that could shake the foundations of the financial services industry.

Use smart contracts, Challenge seeks to ‘eliminate’ much of the friction costs that accumulate due to the need to deal with multiple intermediaries as well as the need for audits and controls, monitoring of regulatory compliance and associated fees and costs – which stifle many traditional financial services that exist today. Interesting way, Harvard business review quotes a comparison between Yield Farming and Foreign Currency Carry Trading:

The search for passive returns on crypto assets – “Yield farming” – is already taking shape on a number of new lending platforms. Compound laboratories launched one of the biggest Challenge lending platforms, where users can now borrow and lend any short-term cryptocurrency at rates determined by an algorithm.

A prototype yield farmer moves assets around pools on Compound, constantly chasing the pool with the highest annual percentage return (APY). In practice, this echoes a traditional finance strategy – a foreign currency carry trade – where a trader seeks to borrow the currency at a lower interest rate and lend the one offering a higher yield.

Crypto yield farming, however, offers more incentives. For example, by depositing stablecoins to a digital account, investors would be rewarded in at least two ways. First, they get APY on their deposits. Second, and most importantly, some protocols offer an additional subsidy, in the form of a new token, on top of the return it charges the borrower and pays the lender.”.

Interest in using Challenge lending has grown as more people access pools of lending facilities, whether they are digital asset holders looking to generate a return on the digital assets they own or borrowers wishing to increase their exposure to this asset class.

Forbes described Challenge ready as: “Unlike a traditional bank, borrowers using Challenge applications cannot be held responsible for physical assets if they are unable to effectively repay a loan. Challenge apps are similar to smartphone apps, but they are built with smart contracts”.

CoinmarketCap, which tracks cryptocurrency prices in real time, lists a variety of other DeFis lenders and apps where farm yields range from 0.2% per year to over 40%.

The three biggest Challenge application lenders – Aave, Compound and MakerDao:

Source: Dune Analytics @hagaetc

In turn, Harvard business review proposed that: “Challenge offers a less volatile and more accessible entry point than other markets – and may have just enough appeal to bring blockchain into the mainstream.

If this prophetic statement were true, then it is easy to see why Challenge could prove so attractive – not just to borrowers and lenders, but also very disruptive to other sectors of the financial services industry.

A combination of greater transparency, afforded by the use of blockchain technology, and the use of smart contracts to eliminate human error should lead to more robust systems and procedures including regulators, investors and investors. service providers can benefit.

The losers will potentially be the middlemen, auditors, lawyers and compliance consultancies that are currently so prevalent in the financial services industry. It is indeed a powerful and alluring prospect that Challenge offers the potential for lower transaction costs, greater transparency (hence increased trust) and a more robust compliance infrastructure.

If this turns out to be the case and Challenge is indeed capable of handling large volumes of transactions, traditional financial services firms are likely to adopt this lower risk or alternative way of doing business, or be forced to do so by regulators.

One of the challenges that Challenge faces is that many of the Challenge the services are built on the Ethereum blockchain and the price of transactions (gas fees) can mean that the costs outweigh the benefits.

Ethereum is trying to settle gas charges, but for now Challenge is very dependent on Ethereum – so expect to see more Challenge platforms created using other Blockchains.

Mathew McDermott, Head of Digital Assets at Goldman Sachs, recently said: “Over the next five to ten years, you might see a financial system where all assets and liabilities are native to a blockchain, with all transactions occurring natively on the chain. So what you are doing today in the physical world, you are simply doing it digitally, creating huge efficiencies.

And it can be debt issues, securitizations, loan arrangements; essentially you will have an ecosystem of digital financial markets, the options are quite extensive. “

However, it is certain that for traditional adoption, regulators will seek some degree of liability in the event of hacking or tampering. Challenge the app does not deliver what was promised.

One possible solution is to see regulators look to Blockchain providers, such as Ethereum, and have them act essentially as gatekeepers to control the organizations that use their Blockchains and build Challenge applications.

Could we see Ethereum and other blockchains establishing some type of investor compensation scheme, then, Challenge platforms that run on their blockchains receive regulatory approval?

Alternatively, will we see traditional exchanges such as NASADAQ or the London Stock Exchange offer Challenge platforms, do regulators have a body known to be accountable?

Dr. Jane thomason from Novum Insights (a company specializing in Challenge active) when asked about his thoughts, said: “”Challenge investors can lose money because activities are not regulated, moderated, intermediated, hosted or validated by a central authority, only driven by smart contracts.

If the smart contract is malfunctioning, hacked, or has a problem, there is no recourse. Who and what is regulated? It is a 24/7 global market without borders. Regulators must think about it and learn to audit the code! It’s a brand new ball game. “

The balance between fully decentralized systems and procedures where it may be difficult to hold an entity accountable in a particular jurisdiction (and thus be able to reward and protect investors) will need to be addressed.

Increasingly, as our societies and lifestyles become increasingly online and digital, protecting investors is likely to become increasingly difficult for regulators and governments.

What will not change and can potentially be even more relevant is surely:

“Bouncer warning”

Let the buyer beware.

The post as Challenge gaining momentum, how will regulators protect investors? appeared first on CityAM.

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