MSP M&A: IT Solutions Acquires CHIPS Technology ChannelE2E
MSP M&A: IT Solutions Acquires CHIPS Technology – ChannelE2E https://bentoncountynewsnow.com/msp-ma-it-solutions-acquires-chips-technology-channele2e/
by Ty Trumbull • Oct 11, 2022
IT Solutions has acquired CHIPS Technology Group for an undisclosed sum.
This is technology M&A deal number 885 that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
IT Solutions Acquires CHIPS Technology
IT Solutions, founded in 1994, is based in Fort Washington, Pennsylvania. The company has 247 employees listed on LinkedIn. IT Solutions’ areas of expertise include managed IT services, business continuity, application and web development, business intelligence, cloud computing, healthcare IT, legal IT, help desk support, project management, strategic planning, data protection, Microsoft, Cisco, VMware, security, compliance, FileMaker, Microsoft 365 and nonprofit IT.
CHIPS Technology Group, founded in 1993, is based in Syosset, New York. The company has 50 employees listed on LinkedIn. CHIPS’ areas of expertise include cloud computing, managed services, unified communications, business productivity solutions, digital transformation, innovation, collaboration, analytics, mobility, automation, cybersecurity, Microsoft 365, training, collaboration and Ring Central.
The acquisition expands IT Solutions’ footprint to the Long Island and New York metro region, the company said.
IT Solutions is an employee-owned business and one of the largest MSPs based in the region. This is the company’s fifth and largest acquisition, and its second since becoming a 100 percent employee-owned business in 2012, IT Solutions says. In August 2019, IT Solutions acquired SecurElement Infrastructure Solutions, a managed IT services provider (MSP) of Malvern, Pennsylvania.
The deal will allow the firm to leverage CHIPS’ expertise in security and compliance while leadership continues with its expansion plans in the east region, according to the company.
IT Solutions Acquires CHIPS: Security & Compliance Expansion
Garrett Graney, president, IT Solutions
Garrett Graney, CEO, IT Solutions, commented:
“We are excited about the opportunities available in the business epicenter of New York. CHIPS’ team of security and compliance-focused professionals, who possess unique expertise implementing and managing today’s most critical business safeguards, will deliver quantifiable, added value to our combined client base. IT Solutions’ scale will enable this team to grow further as we provide our proven services to more clients.”
Evan Leonard, president, CHIPS, said:
“CHIPS is very eager to join one of the largest regional MSPs in our marketplace. Becoming part of such a well-respected organization will provide long-term benefits for our employees, customers, and partners alike.”
50 Books Set In South Carolina – WCBD News 2 https://bentoncountynewsnow.com/50-books-set-in-south-carolina-wcbd-news-2/
Stacker compiled a list of books set in South Carolina from Goodreads.
Every state has its hallmark writers. Mississippi has William Faulkner and his incomparable (fictional) Yoknapatawpha County and Missouri can lay claim to Mark Twain. The state of Maine is gifted with Pulitzer winner Richard Russo and horror icon Stephen King. Rural Pennsylvania is the playground of the much-heralded (and occasionally maligned) John Updike, and when many bibliophiles think of New Jersey, they also think of Richard Ford’s series of novels featuring recurring Everyman character Frank Bascombe. Illinois can lay claim to William Maxwell, Sandra Cisneros, and Adam Langer, among numerous others. And what reader can think of Washington State without contending with the sparkle-vampire yarns of Stephanie Meyer?
What makes authors like these inextricably associated with a particular state is not simply the matter of their having been born there or choosing to live there. The connection, from a writerly standpoint, is deeper than that—their work, nearly all of it, is set in “their” state.
Of course, there are certainly exceptions. Whether a writer sets a tale in the town where they went to college or spent part of their childhood—like Donna Tartt’s “The Secret History” and its New England arts school setting and the almost-factual small town of Jo Ann Beard’s “In Zanesville,” respectively—or crafts a story that follows a social or political theme to a location they know little about but lay narrative claim to anyway, the world is rife with books known, loved, and respected that also capture the essence of place—books where setting itself is one of the strongest characters.
Stacker compiled a list of books set in South Carolina from Goodreads. Whether you’re looking for a good read set in the state you call home, or you’re looking to expand your curiosity with a writer you’re already familiar with, we’ve got you covered.
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The Secret Life of Bees
– Rating: 4.08 (1.2 million ratings)
– Author: Sue Monk Kidd
– Published: November 8, 2001
– Genres: Fiction, Historical Fiction, Young Adult, Classics
– Read more on Goodreads
The Prince of Tides
– Rating: 4.24 (202,850 ratings)
– Author: Pat Conroy
– Published: January 1, 1986
– Genres: Fiction, Classics, Southern, Romance
– Read more on Goodreads
Lowcountry Boil (A Liz Talbot Mystery, #1)
– Rating: 4.00 (6,207 ratings)
– Author: Susan M. Boyer
– Published: September 13, 2012
– Genres: Mystery, Cozy Mystery, Fiction, Southern
– Read more on Goodreads
South of Broad
– Rating: 3.82 (45,840 ratings)
– Author: Pat Conroy
– Published: August 11, 2009
– Genres: Fiction, Southern, Historical Fiction, Contemporary
– Read more on Goodreads
The Water is Wide
– Rating: 4.15 (22,775 ratings)
– Author: Pat Conroy
– Published: January 1, 1972
– Genres: Memoir, Nonfiction, Biography, Education
– Read more on Goodreads
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The House on Tradd Street (Tradd Street, #1)
– Rating: 4.00 (23,960 ratings)
– Author: Karen White
– Published: November 4, 2008
– Genres: Mystery, Fiction, Paranormal, Romance
– Read more on Goodreads
Lowcountry Boneyard (Liz Talbot Mystery, #3)
– Rating: 4.28 (3,015 ratings)
– Author: Susan M. Boyer
– Published: April 21, 2015
– Genres: Mystery, Cozy Mystery, Fiction, Southern
– Read more on Goodreads
Lowcountry Bombshell (A Liz Talbot Mystery, #2)
– Rating: 4.10 (3,798 ratings)
– Author: Susan M. Boyer
– Published: August 29, 2013
– Genres: Mystery, Cozy Mystery, Fiction, Southern
– Read more on Goodreads
The Lords of Discipline
– Rating: 4.32 (26,767 ratings)
– Author: Pat Conroy
– Published: January 1, 1980
– Genres: Fiction, Historical Fiction, Military Fiction, Southern
– Read more on Goodreads
Beach Music
– Rating: 4.17 (47,261 ratings)
– Author: Pat Conroy
– Published: July 2, 1995
– Genres: Fiction, Southern, Contemporary, Historical Fiction
– Read more on Goodreads
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The Girl On Legare Street (Tradd Street, #2)
– Rating: 4.11 (14,985 ratings)
– Author: Karen White
– Published: November 3, 2009
– Genres: Mystery, Paranormal, Fiction, Romance
– Read more on Goodreads
The Underground Railroad
– Rating: 4.05 (363,522 ratings)
– Author: Colson Whitehead
– Published: August 2, 2016
– Genres: Historical Fiction, Fiction, Historical, Audiobook
– Read more on Goodreads
Lowcountry Book Club (Liz Talbot Mystery #5)
– Rating: 4.18 (2,629 ratings)
– Author: Susan M. Boyer
– Published: July 5, 2016
– Genres: Mystery, Cozy Mystery, Fiction, Southern
– Read more on Goodreads
Beautiful Creatures (Caster Chronicles, #1)
– Rating: 3.76 (579,020 ratings)
– Author: Kami Garcia
– Published: December 1, 2009
– Genres: Fantasy, Young Adult, Paranormal, Romance
– Read more on Goodreads
Sullivan’s Island (Lowcountry Tales, #1)
– Rating: 4.06 (21,012 ratings)
– Author: Dorothea Benton Frank
– Published: January 1, 1999
– Genres: Fiction, Chick Lit, Romance, Southern
– Read more on Goodreads
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Death by Darjeeling (A Tea Shop Mystery, #1)
– Rating: 3.73 (10,459 ratings)
– Author: Laura Childs
– Published: May 1, 2001
– Genres: Mystery, Cozy Mystery, Fiction, Mystery Thriller
– Read more on Goodreads
The Strangers on Montagu Street (Tradd Street, #3)
– Rating: 4.21 (12,040 ratings)
– Author: Karen White
– Published: November 1, 2011
– Genres: Mystery, Fiction, Paranormal, Romance
– Read more on Goodreads
Return to Tradd Street (Tradd Street, #4)
– Rating: 4.22 (10,643 ratings)
– Author: Karen White
– Published: January 7, 2014
– Genres: Mystery, Paranormal, Fiction, Romance
– Read more on Goodreads
The Invention of Wings
– Rating: 4.25 (296,936 ratings)
– Author: Sue Monk Kidd
– Published: January 7, 2014
– Genres: Historical Fiction, Fiction, Historical, Book Club
– Read more on Goodreads
The Indigo Girl
– Rating: 4.22 (33,106 ratings)
– Author: Natasha Boyd
– Published: October 3, 2017
– Genres: Historical Fiction, Fiction, Historical, Audiobook
– Read more on Goodreads
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The Southern Book Club’s Guide to Slaying Vampires
– Rating: 3.83 (136,024 ratings)
– Author: Grady Hendrix
– Published: April 7, 2020
– Genres: Horror, Fiction, Fantasy, Vampires
– Read more on Goodreads
Pawleys Island (Lowcountry Tales, #5)
– Rating: 4.13 (10,165 ratings)
– Author: Dorothea Benton Frank
– Published: May 3, 2005
– Genres: Fiction, Chick Lit, Southern, Romance
– Read more on Goodreads
Bastard Out of Carolina
– Rating: 4.12 (41,930 ratings)
– Author: Dorothy Allison
– Published: March 1, 1992
– Genres: Fiction, Classics, Southern, Coming Of Age
– Read more on Goodreads
Sweetgrass
– Rating: 4.14 (7,484 ratings)
– Author: Mary Alice Monroe
– Published: July 1, 2005
– Genres: Fiction, Romance, Southern, Chick Lit
– Read more on Goodreads
North and South (North and South, #1)
– Rating: 4.20 (59,886 ratings)
– Author: John Jakes
– Published: January 1, 1982
– Genres: Historical Fiction, Fiction, Civil War, Historical
– Read more on Goodreads
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Saints at the River
– Rating: 3.83 (3,968 ratings)
– Author: Ron Rash
– Published: August 6, 2004
– Genres: Fiction, Southern, Southern Gothic, Literary Fiction
– Read more on Goodreads
Board Stiff (Elliott Lisbon Mystery #1)
– Rating: 3.82 (1,160 ratings)
– Author: Kendel Lynn
– Published: April 30, 2013
– Genres: Mystery, Cozy Mystery, Fiction, Chick Lit
– Read more on Goodreads
Agnes and the Hitman (The Organization #0)
– Rating: 3.95 (19,779 ratings)
– Author: Jennifer Crusie
– Published: August 21, 2007
– Genres: Romance, Chick Lit, Mystery, Contemporary Romance
– Read more on Goodreads
Shem Creek (Lowcountry Tales, #4)
– Rating: 4.05 (9,670 ratings)
– Author: Dorothea Benton Frank
– Published: January 1, 2002
– Genres: Fiction, Romance, Chick Lit, Southern
– Read more on Goodreads
Sassafrass, Cypress & Indigo
– Rating: 4.11 (3,492 ratings)
– Author: Ntozake Shange
– Published: January 1, 1976
– Genres: Fiction, Poetry, African American, Feminism
– Read more on Goodreads
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Folly Beach (Lowcountry Tales, #8)
– Rating: 3.89 (9,750 ratings)
– Author: Dorothea Benton Frank
– Published: January 1, 2010
– Genres: Fiction, Romance, Chick Lit, Southern
– Read more on Goodreads
The Color of Light
– Rating: 4.08 (5,395 ratings)
– Author: Karen White
– Published: June 1, 2005
– Genres: Fiction, Chick Lit, Mystery, Romance
– Read more on Goodreads
Gullah Home Cooking the Daufuskie Way: Smokin’ Joe Butter Beans, Ol’ ‘Fuskie Fried Crab Rice, Sticky-Bush Blackberry Dumpling, and Other Sea Island Favorites
– Rating: 4.18 (84 ratings)
– Author: Sallie Ann Robinson
– Published: April 7, 2003
– Genres: Cookbooks, Food, Cooking
– Read more on Goodreads
Death on Demand (Death on Demand, #1)
– Rating: 3.85 (8,192 ratings)
– Author: Carolyn G. Hart
– Published: February 1, 1987
– Genres: Mystery, Cozy Mystery, Fiction, Audiobook
– Read more on Goodreads
Red Hills and Cotton: An Upcountry Memory
– Rating: 3.99 (123 ratings)
– Author: Ben Robertson
– Published: January 1, 1942
– Genres: History, Memoir, American History, Nonfiction
– Read more on Goodreads
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Compulsion (The Heirs of Watson Island, #1)
– Rating: 3.85 (3,150 ratings)
– Author: Martina Boone
– Published: October 28, 2014
– Genres: Young Adult, Fantasy, Paranormal, Romance
– Read more on Goo...
15 Spring Break Ideas For Families – TODAY https://bentoncountynewsnow.com/15-spring-break-ideas-for-families-today/
Trying to make a plan for spring break with the entire family? You aren’t alone. Spring break travel is one of the most popular times for families to get away, according to travel agents.
The best way to guarantee options is by planning in advance.
“It is a busy time to travel, so if you value choices, plan in the fall,” Kiki Humes, a family travel advisor with Ciao Bambino told TODAY Parents. “Last-minute planners may be locked out of the best family accommodations or the best located accommodations.”
Nicole Gerber, SmartFlyer travel advisor, agreed.
“The school year is coming to an end, it’s still on the cooler side temperature wise in most parts of the U.S., and many families haven’t been away in a few months and are itching for a trip before potential summer plans,” Gerber said.
Before planning a spring break trip, decide what is important for your family.
“I think it is important (for families) to decide if they want to stay domestic or go international,” Gerber said.
She also recommended parents ask themselves:
How much do we want to spend?
Are our passports up to date?
What type of trip are we looking for — sightseeing, history and culture? Adventure? Or relaxing beach and pool time?
Amy Annis, a Ciao Bambino family travel advisor, added that a smart way to navigate a busy travel season is to think outside the box.
“As spring break is a busy time to travel, consider something off the beaten path,” Annis said.
15 spring break ideas for families
Humes, Gerber and Annis provided spring break ideas for families traveling both domestically and internationally.
“I can’t stress enough how smart it is to be focused on planning your vacation schedule six months to one year in advance and even more for bucket list trips,” Annis said. “The best defense for a seamless trip is a well-organized itinerary.”
8 spring break ideas for families in the U.S.
National Parks
Florida
Hawaii
Road trip through California
A destination resort
“Somewhere where the family has a multitude of activities to choose from onsite,” Annis said.
Big city trips
“Like New York City, Boston, New Orleans, Washington D.C. or Charleston,” Humes said.
Arizona
A late season ski trip
“Depending on when the break falls, it could be right at the tail end of ski season as well,” Gerber said.
7 spring break ideas for families outside the U.S.
Caribbean
“Somewhere with a nice, swimmable beach like Turks & Caicos or The Bahamas,” Annis said.
Costa Rica or Belize
“(Both) would be a trip combining activity in the jungle with time on the coast at leisure,” Humes said.
Europe
“In Italy, Rome, Florence and Venice or in Spain — Madrid, Andalusia and Barcelona,” Annis said.
Big city trips
All agents agreed that big city combination trips are a popular choice. Top cities include London, Paris and Lisbon. Combinations include: London and Paris, Amsterdam and Copenhagen, Prague and Vienna
Iceland
Mexico
Kait Hanson is a lifestyle reporter for TODAY.com. A graduate of Penn State University, she began her career in sports and happily wakes up at 6 a.m. for games thanks to the time change at her home in Hawaii. An island transplant originally from the Northeast, she has called Oahu home for nearly 10 years with her husband and two chocolate Labs. Follow her on Instagram or Twitter.
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Dawn Makes Changes To Leadership Team Food Business News
Dawn Makes Changes To Leadership Team – Food Business News https://bentoncountynewsnow.com/dawn-makes-changes-to-leadership-team-food-business-news/
JACKSON, MICH. — Dawn Foods has made several changes to its executive leadership team.
Jennifer Cloherty has joined the company as chief financial officer. She succeeds Karl Brown, who has moved into an advisory role for Dawn.
Ms. Cloherty most recently was CFO at Kellogg North America, where she was also the executive sponsor for the Kellogg African American Resource Group and the Kellogg Veterans Group. Prior to Kellogg, she held financial leadership roles with Aptiv, Owens Corning, and GE. She spent 19 years with GE and held numerous operational and commercial finance roles across the United States and Europe.
“Jennifer is an exceptional financial leader with great long-term vision, and I am proud to have her join the Dawn leadership team,” said Carrie Jones-Barber, chief executive officer of Dawn. “I am confident she will continue to build and develop the wonderful talent we have within our financial organization and partner with our leaders to drive the strategic, operational, and financial performance of our global business.”
Mr. Brown, who joined Dawn in 2000, has held a variety of financial and commercial leadership roles and was heavily involved in the development and significant growth of Dawn’s international business. For the past five years, he also has led the global IT team. He will work with Ms. Cloherty over the next few months as she transitions into her new role.
“I thank Karl for his incredible leadership, counsel and friendship over the years and look forward to continuing to work with him in his new role with Dawn,” Ms. Jones-Barber said.
Dawn also has expanded the responsibilities of the company’s current chief digital officer, Bob Howland. Mr. Howland now will also lead the development and implementation of Dawn’s long-term digital and information technology strategy to ensure Dawn continues to provide best-in-class solutions for its teams and customers. He has been with Dawn since 2019. Earlier he was executive vice president and general manager of Blueport Commerce. He also has worked at Spencer Partners, Affiliated Distributors, Radial Inc., Vanguard, McNeil Consumer Healthcare, General Electric and American Express.
“Bob has done a tremendous job transforming our business through best-in-class digital solutions that benefit both our team members and our customers,” Ms. Jones-Barber said. “Our digital and IT teams already work closely together on technology infrastructure and cyber security projects, which are critical to help protect our systems and data. Bringing together these two organizations under Bob’s leadership further strengthens our team and aligns with our strategic ambitions for the business.”
White House Holds Historic Conference On Hunger Nutrition And Health Mirage News
White House Holds Historic Conference On Hunger, Nutrition, And Health – Mirage News https://bentoncountynewsnow.com/white-house-holds-historic-conference-on-hunger-nutrition-and-health-mirage-news/
At the first White House Conference on Hunger, Nutrition, and Health in over 50 years, President Joe Biden presented a new national strategy for combating hunger, improving healthy eating, and reducing diet-related disease by 2030 in the U.S.
The president said public and private partners in health care must work to: improve Americans’ access to healthy food; better integrate nutrition with health care; make nutritional information as transparent as possible; and invest more in nutrition and food security research.
And that would only be the start.
“There’s so much more in our strategy,” Biden said during opening remarks at the conference, held on September 28. “There’s so much more in our imagination, but one thing is clear. Meeting our bold goals requires a whole-of-government approach and a whole-of-society effort.”
The new national strategy included many recommendations put forth in August by the Task Force on Hunger, Nutrition, and Health, an independent, nonpartisan group of subject matter experts and multi-sector leaders. Task force co-chair Dariush Mozaffarian, currently the dean for policy and Jean Mayer Professor of Nutrition at the Friedman School of Nutrition Science and Policy, said at the release of their report that “the actions and strategies we have outlined are sensible and actionable, and would create transformational change for Americans.”
Along with other national stakeholders, Tufts played an important role in helping to bring about the conference, which comes 53 years after the first White House Conference on Food, Nutrition, and Health was chaired and organized by former Tufts president Jean Mayer. Mayer founded the university’s school of nutrition, and the Jean Mayer USDA Human Nutrition Research Center on Aging at Tufts bears the name of the former university president.
The White House Conference represents the culmination of a significant amount of planning and coordination by the White House, the various federal agencies, and Congress. The D.C. event, which launched the new national strategy, brought together leaders from state and local governments, nonprofits, private businesses, farmers, faith-based leaders, and youth advocates, as well as researchers and healthcare providers to “unite around a vision” proposed in the national strategy, in the words of Secretary of Agriculture Tom Vilsack. “Changes are crucial,” he said. “However, the federal government cannot do them alone.”
To achieve its goals of ending hunger, improving nutrition and physical activity, and reducing diet-related diseases by 2030, the Biden administration seeks to make the Child Tax Credit permanent, provide free meals for all students during and outside of the school year, expand access and healthy eating in the federal nutrition programs, create healthcare programs that support food as medicine interventions, advance nutrition science, create new package labeling and targets for reducing sodium and added sugar, and more.
Speakers and attendees at the Conference focused on the twin problems of hunger and poor nutrition, which are often flip sides of the same coin for individuals and families.
“We have the biggest military, but we lead industrial nations in diet-related diseases,” said Senator Cory Booker of New Jersey, who supported the Conference along with Congressman Jim McGovern of Massachusetts, Senator Mike Braun of Indiana, and the late Representative Jackie Walorski of Indiana. “Half of our population right now is diabetic or pre-diabetic. Black Americans are 77 percent more likely to get diabetes and twice as likely to die from it,” said Booker.
“There’s no one in this room that does not know someone going through a chronic disease,” said New York City Mayor Eric Adams, who spoke at the Conference. He recounted to audience members that after two months of following a plant-based diet, his diabetic mother was able to go off insulin – this, after seven years of regular injections. “Chronic disease hijacks your life.”
At a session titled “Making Healthy Choices,” Susan Mayne, director of the Center for Food Safety and Applied Nutrition at the Food and Drug Administration (FDA), explained the range of impacts of proper food labeling: “When we put things on the label… it empowers consumers with information…and leads to many industries wanting to reformulate their products to make them healthier.” When the FDA required trans fats to be listed on nutrition labels, for example, population trans fat intake dropped 80 percent, Mayne said.
Chair of the House Appropriations Committee Rosa DeLauro gave a rousing speech during afternoon plenaries. “We can do this,” she said. “And I’m going to say this to the administration: Strategies are laid out. Put it in the 2024 budget, so that we can deal with it, and move on it in the Congress. Let us then take it from there.”
“We live in a country where hunger absolutely does not need to be a problem,” said 17-year-old high school senior and healthy-living advocate Avani Rai, in a conversation with Domestic Policy Advisor Susan E. Rice. “We have the capabilities to make a difference to end hunger. It’s a choice that we have to make, but a choice that we have to make all together.”
It remains to be seen what specific policies will be implemented by the administration and Congress in the coming months. Mozaffarian is leading an ongoing advocacy initiative at the Friedman School, supported by philanthropic gifts, to ensure that the most promising actions in the national strategy happen. “The national strategy sets out a strong, detailed, whole-of-government approach to fixing food,” says Mozaffarian. “It’s up to all of us to ensure these are not just words on a page but become real actions.”
For Rocco Perla, a healthcare expert and co-founder of The Health Initiative, a campaign to increase investments in health, prioritizing nutrition is key. “What do people actually need to be healthy? It’s not complicated,” he said. “If we’re really committed to population health and reducing medical costs, we need to put the health care system to work for health.”
Senator Bill Frist, former Senate Majority Leader and one of the co-chairs of the Task Force on Hunger, Nutrition, and Health, said in a statement that the conference is a “great [step] forward in reducing hunger, rooted in listening to those with lived experiences and bipartisan action.”
Mozaffarian thanked the Biden administration and members of Congress for their leadership in making the conference happen. “We stand ready to support their efforts and move us forward,” he said. “The next phase of work for all of us across the nation will be after the conference, to ensure continued energy and attention on these critical issues and implementation of the national strategy for systemic change.”
/Courtesy of Tufts University. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).
Champions League Score Picks: Reece James Repeat For Chelsea Vs. AC Milan? Predictions For PSG-Benfica More CBS Sports
Champions League Score Picks: Reece James Repeat For Chelsea Vs. AC Milan? Predictions For PSG-Benfica, More – CBS Sports https://bentoncountynewsnow.com/champions-league-score-picks-reece-james-repeat-for-chelsea-vs-ac-milan-predictions-for-psg-benfica-more-cbs-sports/
The UEFA Champions League’s Matchday 4 kicks off on Tuesday, and by the end of play on Wednesday, all 32 teams remaining will have just two matches left before the knockout stages. With these serving as repeat fixtures from last week’s Matchday 3, we could see some teams make or break their UCL campaigns. The slate on Tuesday is highlighted by AC Milan looking for revenge against Chelsea, while Barcelona are under serious pressure to beat Inter Milan on Wednesday.
As always CBS Sports and Paramount+ will be your home for all things UCL, starting with UEFA Champions League Today airing at 12:30 p.m. ET and at 2 p.m. ET ahead of the 3 p.m. kickoffs. Don’t forget to catch the studio show — Kate Abdo, Micah Richards, Thierry Henry, Jamie Carragher and Peter Schmeichel — out in New York during Matchday 5 for “Destination Brooklyn” at Brooklyn Bridge Park Pier 2.
Here’s our predictions for each match and more: Craving even more coverage of the world’s game?
Listen below and follow ¡Qué Golazo! A Daily CBS Soccer Podcast where we take you beyond the pitch and around the globe for commentary, previews, recaps and more.
Tuesday’s broadcast schedule
(All times U.S./Eastern)
UEFA Champions League Today, 12:30 p.m., CBS Sports Network and Paramount+
Maccabi Haifa vs. Juventus, 12:45 p.m., Paramount+
FC Copenhagen vs. Manchester City, 12:45 p.m., Paramount+
UEFA Champions League Today, 2 p.m., CBS Sports Network and Paramount+
The Golazo Show, 3 p.m., CBS Sports Network and Paramount+
Paris Saint-Germain vs. Benfica, 3 p.m., Paramount+
Dinamo Zagreb vs. Red Bull Salzburg, 3 p.m., Paramount+
Borussia Dortmund vs. Sevilla, 3 p.m., Paramount+
AC Milan vs. Chelsea, 3 p.m., Paramount+
Shakhtar Donetsk vs. Real Madrid, 3 p.m., Paramount+
Celtic vs. RB Leipzig, 3 p.m., Paramount+
UEFA Champions League Post-Match Show, 5 p.m., CBS Sports Network and Paramount+
Wednesday’s broadcast schedule
(All times U.S./Eastern)
UEFA Champions League Today, 12:30 p.m., CBS Sports Network and Paramount+
Napoli vs. Ajax, 12:45 p.m., Paramount+
Atletico Madrid vs. Club Brugge, 12:45 p.m., Paramount+
UEFA Champions League Today, 2 p.m., CBS Sports Network and Paramount+
The Golazo Show, 3 p.m., CBS Sports Network and Paramount+
Bayer Leverkusen vs. FC Porto, 3 p.m., Paramount+
Rangers vs. Liverpool, 3 p.m., Paramount+
Barcelona vs. Inter Milan, 3 p.m., Paramount+
Viktoria Plzen vs. Bayern Munich, 3 p.m., Paramount+
Tottenham Hotspur vs. Eintracht Frankfurt, 3 p.m., Paramount+
Sporting CP vs. Olympique de Marseille, 3 p.m., Paramount+
UEFA Champions League Post-Match Show, 5 p.m., CBS Sports Network and Paramount+
Champions League picks for every match
AC Milan vs. Chelsea
One matchup to watch: Reece James vs. Theo Hernandez. The Chelsea wing-back created all sorts of havoc down the Milan left last week, but then Fode Ballo-Toure is not really up to the standard required for a Champions League side. Hernandez is, and although he is more of an offensive threat, he should have the pace and strength to stay with James. He could even test his opponent on the other end, combining with Rafael Leao to pin Chelsea back. — James Benge
Most likely to score a goal: Pierre-Emerick Aubameyang. Chelsea’s summer signing hasn’t added much to his team beyond where it matters most; he keeps putting himself in positions to put the ball in the net. Aubameyang seems to have rediscovered his sense for where the ball will drop in the box and he might just be able to beat the Milan defense to it. — James Benge
Man of the Match pick: Mason Mount. Graham Potter is the latest in a long line of Chelsea managers to discover how versatile, reliable and creative Mount can be. After a slightly slow start to the season, the England international has burst back into life in recent weeks and could make a major impact for the visitors in the San Siro. — James Benge
Match prediction: AC Milan 1, Chelsea 1. With Hernandez back in the picture, Chelsea might not have the continual joy they did down the flanks at Stamford Bridge, setting the stage for a closer encounter that may not fall in either team’s favor. — James Benge
Featured Game | AC Milan vs. Chelsea
Paris Saint-Germain vs. Benfica
One matchup to watch: Vitinha vs. Rafa Silva. This has the makings of a very nice all-Portuguese affair in midfield. Although Marco Verratti is PSG’s main creator, Vitinha plays an extremely important role and could help to dictate which way this one goes. As a former Porto man, he would love nothing more than to ensure that PSG get closer to booking their knockout phase berth. — Jonathan Johnson
Most likely to score a goal: Kylian Mbappe. This match feels ideal for Mbappe to hit back at some of his recent critics with a goal or two. The French superstar’s position within Christophe Galtier’s setup is a subject of recent debate. Expect Mbappe to step up without Lionel Messi while Neymar should also chip in. — Jonathan Johnson
Man of the Match pick: Gianluigi Donnarumma. The Italian goalkeeper has been in fine form of late and made some very good saves against Reims over the weekend. Benfica will get chances here so the Italian will need to be in the same vein here. — Jonathan Johnson
Match prediction: PSG 2, Benfica 1. Benfica are capable of getting a draw, but I think that the hosts will narrowly shade it. This is one PSG cannot afford to get wrong with Juventus likely to win to close the gap. — Jonathan Johnson
Featured Game | Paris vs. Benfica
Barcelona vs. Inter Milan
One matchup to watch: Lautaro Martinez vs. Gerard Pique. Romelu Lukaku is still sidelined, which means the Nerazzurri will continue to use Lautaro Martinez as a central striker. Much like Inter, Barcelona are also bit by the injury bug with multiple players out. Martinez’s duel with Pique could be the difference maker in this match as the experienced center back will drive the Blaugrana defense. — Francesco Porzio
Most likely to score a goal: Robert Lewandowski. All eyes are on the Polish striker after a disappointing loss last week at San Siro that has now without a goal in two consecutive Champions League games. You have to go back to 2020 since the last time Lewandowski was blanked in back-to-back group stage games. He has not gone three UCL games in a row without a goal since 2018. Barcelona need to score because Xavi’s side desperately needs to win the match against Inter Milan. — Francesco Porzio
Man of the Match pick: Pedri. Despite the final result, he was one of the best players of the match at San Siro. Inter Milan won’t count on Marcelo Brozovic, who is still injured. His absence creates more space for Pedri. — Francesco Porzio
Match prediction: Barcelona 2, Inter Milan 0. It feels unlikely that Inter can replicate the same kind of performance away at the Camp Nou. Barcelona need to win this match if they want to have any shot of going through to the knockout stage. — Francesco Porzio
Featured Game | Barcelona vs. Inter Milan
Tottenham vs. Eintracht Frankfurt
One matchup to watch: Jesper Lindstrom vs. Ivan Perisic. The space between the Spurs wing-backs and central defenders has been an area that other teams can exploit, which led to Conte rolling out a 3-5-2 with an extra midfielder for Spurs’ shutout victory over Brighton on Saturday. Against Frankfurt’s strong wingers, control of the match in midfield will be needed. — Chuck Booth
Most likely to score a goal: Richarlison. Mr. Champions League for Spurs, Richarlison already has two goals in the competition. While Harry Kane will likely play the match if he is even half fit, it will be RIcharlison who comes off the bench for the winner to get an important victory. — Chuck Booth
Man of the Match pick: Pierre-Emile Hojbjerg. The do-it-all midfielder will play a large role in containing Frankfurt during the match, turning tackles won into possession going forward. As he assists Richarlison’s winning goal, that will be enough to take home Man of the Match honors. — Chuck Booth
Match prediction: Spurs 1, Frankfurt 0. The change to a 3-5-2 will offer a much needed calmness to the match seeing Spurs get an important victory. — Chuck Booth
Featured Game | Tottenham Hotspur vs. Eintracht Frankfurt
Metas Metaverse Struggles YouTubes New Account Handles And More PR Daily
Meta’s Metaverse Struggles, YouTube’s New Account Handles And More – PR Daily https://bentoncountynewsnow.com/metas-metaverse-struggles-youtubes-new-account-handles-and-more-pr-daily/
Metaverse digital cyber world technology, man with virtual reality VR goggle playing AR augmented reality game and entertainment, futuristic lifestyle
Reports say Meta’s metaverse project is not doing well and its workers are growing more concerned about the project’s future.
These developments come after the company spent billions of dollars and assigned thousands of workers to make Meta CEO Mark Zuckerberg’s vision of the metaverse a reality.
The New York Times said in a Sunday article that executives have complained about the amount of money spent on the entire project.
In addition, other concerns were raised about the “quality lockdown” placed on the company’s main virtual-reality venture, Horizon Worlds, after reports of bugs.
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This afternoon, the company is expected to unveil a new virtual reality headset along with other new metaverse features at a developer conference. It’s a big event for the company, whose Facebook and Instagram brands have suffered recent losses from rival TikTok.
In addition, Apple’s mobile operating system privacy changes have cost Meta billions in advertising revenue, and the company recently announced layoff plans.
Meta spokesperson Andy Stone said he believes the company is making progress here.
“Being a cynic about new and innovative technology is easy,” Stone told the New York Times. “Actually building it is a lot harder — but that’s what we’re doing because we believe the metaverse is the future of computing.”
The company is reaching out to brands with thoughts on how they can use the metaverse to tell their stories .
Why it matters: The race to the metaverse continues, but it appears to be a bumpy ride. With issues with quality, use cases and more, brands should remain cautious and not put too many eggs in any one metaverse basket until they see which products seem to be viable technologically — and for users.
YouTube introduces account handles
YouTube is making it easier for brands and other creators to identify their channels on the social network with the introduction of account handles in addition to existing channel names.
Like Twitter, handles will be identified with @ before the channel name.
“Handles will appear on channel pages and Shorts, so they’ll be instantly and consistently recognizable,” YouTube said in a blog post announcing the move. “It’ll soon be simpler and faster to mention each other in comments, community posts, video descriptions and more. For example, creators can be shouted out in a mention in comments or tagged in the title of a recent collab, helping them increase visibility and reach with new audiences.”
YouTube said the handles will be gradually rolled out over the next month and accounts that have already been verified with Google will remain verified unless they change their channel name.
Why it matters: This is a win-win for brands and YouTube by establishing an easier way to identify brands on the site.
Right-wing social media sites small, but attract a loyal audience
A new Pew Research study suggests that right-leaning social media sites have built steady news-seeking audiences who say Facebook, Twitter and YouTube restrict what they are able to see and read.
The study audited BitChute, Gab, Gettr, Parler, Rumble, Telegram and Truth Social and analyzed prominent accounts and content across them.
Pew found that although fewer than one of every 10 Americans say they use the sites for news, most of the users said they are satisfied with their news experience, find the information to be mostly accurate and the discussions to be mostly friendly.
The study also found that most of the users on the sites (66%) identify as Republicans or lean toward the Republican Party.
Why it matters: Even though brands don’t need to be on all social networks, smart public relations professionals need to have a good working knowledge of each network, its metrics and the audiences they reach. Some social networks reach certain brands, while others don’t. Understanding the full playing field is important to communicators and the brands they represent.
It’s also important to understand some of the risks in these new arenas: The Pew survey found 15% of prominent accounts on these sites have been banned or demonetized elsewhere on social media— which could mean a minefield for brands seeking influencers.
The Oklahoma Department of Wildlife Conservation getting creative to share its message
The Oklahoma Department of Wildlife Conservation is using creative ways to respond to a cultural issue while making it fun and keeping it true to its brand.
For example, the group had a weekend post poking fun at those worried about drugs being inserted into candy to give to trick-or-treaters on Halloween night by telling warning users about those who may shove invasive silver carp into Milky Ways.
Be diligent and check your child’s candy this year, just found an invasive silver carp shoved inside a Milky Way. No words. pic.twitter.com/4lxTErtQsX
— Oklahoma Department of Wildlife Conservation (@OKWildlifeDept) October 10, 2022
The governmental agency has also previously gone viral with a tweet reminding people not to bring mountain lions indoors, which is helpful to all of us. It’s an example of how even small, obscure organizations can expand their reach with a sense of humor.
Chris Pugh is a staff writer for PR Daily. Follow him on Twitter and LinkedIn. Send story ideas to ChrisP@Ragan.com.
COMMENT
Marvel Releases Epic Black Panther: Wakanda Forever Posters GameSpot
Marvel Releases Epic Black Panther: Wakanda Forever Posters – GameSpot https://bentoncountynewsnow.com/marvel-releases-epic-black-panther-wakanda-forever-posters-gamespot/
By Mat Elfring
on October 11, 2022 at 8:11AM PDT
It’s been a while since we have all visited Wakanda. At the beginning of October, we got to see the latest trailer for Black Panther: Wakanda Forever, and we were introduced to a lot of new characters–including Riri Williams aka Ironheart. Outside of everything happening in the trailer, the questions still persists: Who is in the Black Panther costume? Well, we still don’t know that answer–it’s probably Shuri–but a slew of new posters for the movie have been released, giving us a closer look at each character in the movie.
From the previously mentioned Shuri to M’Baku, most of the cast is getting their own poster. In total, 12 were released, with some featuring both Wakandans and Atlanteans. You can find all of them below.
As for the Black Panther sequel, we may not have confirmation of who the titular hero is, but we do know a few other things. Black Panther is the official end to Phase 4 of the MCU, which started with the Disney+ series WandaVision. Daniel Kaluuya, who played W’Kabi in the first movie, will not be appearing in Wakanda Forever because of scheduling conflicts, as he was already involved in Jordan Peele’s Nope.
Black Panther: Wakanda Forever releases on November 11, 2022.
Aneka
This is a new character for the movie, played by Michaela Cole, known for her role on the HBO Max series I May Destroy You. She’ll be playing a Dora Milaje.
Attuma
In the comics, Attuma is actually Namor’s enemy. He’s a warlord and wants to conquer Atlantis. Attuma is played by Alex Livinalli, who played Santos Delgado on Ozark.
Ayo
Ayo is returning for Wakanda Forever, and once again, Florence Kasumba will reprise her role as the member of the Dora Milaje.
M’Baku
Leader of the Jabari, who were once shut off from the other tribes of Wakanda, M’Baku will once again be played by Winston Duke.
Nakia
One of the people closest to T’Challa, Lupita Nyong’o will reprise her role as Nakia.
Namor
The leader of Atlantis, and half-Atlantean/half-human, Namor is played by Tenoch Huerta. If Namor is similar to his comic book counterpart, this could be the first mutant in the MCU.
Namora
The cousin of Namor, the full-Atlantean (which is a departure from the comics) will be played by Mabel Cadena. She’s known for her role of Itzel on the TV series Monarca.
Okoye
The leader of the Dora Milaje, Okoye will be played again by Danai Gurira.
Ramonda
The mother of T’Challa will once again be played by Angela Bassett.
Riri
New to the MCU, Riri Williams will be played by Dominique Thorne (Judas and the Black Messiah). She’ll also go by the name Ironheart. She’s a genius teenager who builds her own Iron Man armor.
Ross
Martin Freeman returns, playing the role of Everett Ross.
Shuri
The little sister to T’Challa–and inventor of all of Black Panther’s cool gadgets–Letitia Wright reprises her role as Shuri. She’s speculated to be the new Black Panther.
Analysis | Crypto Regulations Are On The Front Burner This Week The Washington Post
Analysis | Crypto Regulations Are On The Front Burner This Week – The Washington Post https://bentoncountynewsnow.com/analysis-crypto-regulations-are-on-the-front-burner-this-week-the-washington-post/
Good morning! I’m sitting in for Tim this morning and thankful I didn’t have to monitor any flight info yesterday. More below on the apparent Russian hack that knocked more than a dozen airport websites offline yesterday.
Below: Officials say flight operations weren’t affected by pro-Russian hackers’ denial-of-service attacks and in a speech today, the U.K. intelligence chief will warn about China’s use of technology.
Watch for new global rules for cryptocurrency, used by criminals to profit off cyber attacks
Washington is the center of the world for the cryptocurrency industry this week, as top crypto executives and global financial regulators converge on the city for a pair of meetings that could indicate how the sector will fit into the broader financial system.
The meetings come as U.S. law enforcement and national security officials warn that cybercriminals are using cryptocurrencies and tools to profit off cyberattacks and launder their ill-gotten gains.
U.S. policymakers take the stage first, starting today, as the two-day DC Fintech Week kicks off with speeches from acting comptroller of the currency Michael Hsu and Rostin Behnam, the Commodity Futures Trading Commission chair who has been angling to oversee more of the industry.
But a potentially bigger reveal will come as soon as Wednesday: The Financial Stability Board, which coordinates international financial regulation, is set to unveil its proposed global rules for crypto amid a conference of Group of 20 finance ministers. The board’s plan is expected to advocate a strict approach to ensuring digital assets don’t pose a systemic risk or allow terrorists and other criminals to fund their exploits.
The group has no formal power to set policy. But it has a track record of pushing its views into force. For one, its recommended capital and liquidity requirements for banks in the aftermath of the global financial crisis helped establish the new standard, Cowen Washington Research analyst Jaret Seiberg wrote in a note to clients. “That gives it clout.”
And U.S. regulators who have called for getting tough on the crypto industry play a key role in the group. “It’s fair to say the U.S. wants to lead on this globally and largely has been leading on it,” said Patrick Dougherty, a former Securities and Exchange Commission lawyer who is now on the board of the Global Digital Asset and Cryptocurrency Association.
The White House has called for oversight and enforcement in the cryptocurrency space, with officials citing massive North Korean hacks and the use of cryptocurrency in the ransomware ecosystem. President Biden is considering amendments to finance and other laws so that prosecutors can investigate and crack down on criminals using cryptocurrencies, the White House said.
Law enforcement officials have clawed back some ransoms paid to cybercriminals, and the Treasury Department has sanctioned cryptocurrency mixers that have been used by cybercriminals to launder their profits. But the cryptocurrency industry has been critical of the sanctions on Tornado Cash, a mixer, with cryptocurrency exchange Coinbase bankrolling a lawsuit to challenge the sanctions.
The crypto industry has won powerful friends in Congress, but federal financial watchdogs remain skeptical.
Just last week, the U.S. supercommittee of financial regulators known as the Financial Stability Oversight Council issued a warning that left unchecked, crypto could grow into a systemic financial threat.
SEC Chairman Gary Gensler, who sits on both that panel and the global board, has drawn criticism from the crypto industry for arguing that existing securities laws give him the authority he needs to police the industry.
The Financial Stability Board appears primed to make a similar case. Steven Maijoor, who is crafting the group’s policy, told Politico last month that a “lot of the activities in crypto assets and crypto assets markets resemble activities in the traditional financial system and therefore we take the approach: Same activity, same risk, same regulation.”
The board is also set to take a closer look at stablecoins, the digital tokens that peg their value to an external asset such as the dollar. The failure of the Terra stablecoin in May wiped out $40 billion in value and accelerated a downturn in crypto markets, underlining the urgency of establishing rules for issuers of those cryptocurrencies. Yet a congressional push to regulate stablecoins has foundered ahead of the midterm elections. Congress, rather than global regulators, still needs to resolve the matter with clearer rules for the assets, said Dario de Martino, co-head of the fintech and blockchain practice at law firm Allen & Overy.
In the meantime, the Crypto Council for Innovation, an industry group that takes an international approach, warned “a heavy-handed approach could cut this technology off at its knees.” Linda Jeng, the group’s chief global regulatory officer, said in a statement that global coordination “is a good thing. It means companies don’t have dozens of different rules to follow. But we are headed into a web3 economy and we hope they considered the benefits of what a web3 economy can do.”
Flight operations weren’t affected by pro-Russian hackers’ denial-of-service attacks, officials say
Websites for a half dozen U.S. airports went offline after a group of pro-Russian hackers known as Killnet called for coordinated denial-of-service attacks on a list that included U.S. airports, Lori Aratani reports. In denial-of-service attacks, targets are flooded with traffic until they can’t respond or crash.
“Managers at multiple airports said they notified the FBI and the Transportation Security Administration about the cyberattacks,” Lori writes. “In a statement, the FBI said it was aware of the incident but had no additional information. The TSA declined to comment, referring inquiries to individual airports.”
Though the attacks were highly visible, Mandiant Vice President for Intelligence John Hultquist characterized denial-of-service attacks more as a “public nuisance” than a serious cybersecurity threat because they don’t target key internal systems that would affect the operations of an airport. But when such attacks do take place, they’re effective in drawing attention, he said.
The Killnet group has been behind other such attacks, including ones targeting European governments. Last week, the websites of some U.S. states went down after the group took aim at states, NBC News reported. Ukraine’s government-affiliated volunteer force known as the IT Army has rallied its supporters to launch waves of traffic directed at Russian sites, NBC News reported.
Former NSA employee who tried sending documents to Russia should be detained pending trial, prosecutors say
The crimes that former National Security Agency information systems security designer Jareh Dalke is being accused of — six counts of trying to send defense documents to Russia — are so serious that Dalke should be detained before his trial, prosecutors said in a filing. Dalke was an NSA employee for a month-long period this year; around a month after he left, he tried to contact Russian agents, prosecutors say.
Dalke sent documents on plans to update cryptographic programs, information on U.S. defenses and details about a foreign government’s military capabilities to an undercover FBI agent, prosecutors said.
In a sealed filing, Dalke “appears to concede that he is accused of a serious offense and therefore that he should only be released on the strictest of conditions,” the government said in its filing, noting that Dalke “claims that his background in the military and law enforcement weigh in his favor.” But prosecutors say he betrayed the United States — apparently out of a mix of “profit and ideology” — and needs to be held in custody.
A federal court is set to hold a hearing on Dalke’s detention today. Dalke’s attorneys didn’t respond to a request for comment.
U.K. intelligence chief to warn about China’s use of technology
GCHQ Director Jeremy Fleming will warn in a speech today that China’s pursuit of digital currencies and satellite systems could allow the country’s government to easily track its citizens, NBC News‘s Dan De Luce reports. Fleming is set to deliver the China-focused remarks at the Royal United Services Institute think tank.
U.S. and U.K. officials have been warning that China’s government poses a significant threat to the United States. In July, FBI Director Christopher A. Wray and MI5 Director General Ken McCallum warned that Western firms and governments are under relentless pressure from the Chinese government.
Fleming also plans to discuss Russia’s invasion of Ukraine, De Luce reports. “Far from the inevitable Russian military victory that their propaganda machine spouted, it’s clear that Ukraine’s courageous action on the battlefield and in cyberspace is turning the tide,” Fleming plans to say.
Biden administration previews upcoming cybersecurity agenda
In a fact sheet, the Biden administration previewed upcoming cybersecurity developments:
This month, the White House will discuss the creation of cybersecurity labels for smart devices with companies, organizations and partners in the government, according to the fact sheet. The initiative will start with routers and home cameras,
On Oct. 31 and Nov. 1, the White House will host international partners to “accelerate and broaden” the work of the International Counter-Ransomware Initiative, the fact sheet says.
The White House said it would “continue to work with critical infrastructure owners and operators, sector by sector, to accelerate rapid cybersecurity and resilience improvements and proactive measures.” The document also provi...
U.S. Supreme Court Spurns McKinsey & Co Appeal In Bankruptcy Conflicts Case Reuters
U.S. Supreme Court Spurns McKinsey & Co Appeal In Bankruptcy Conflicts Case – Reuters https://bentoncountynewsnow.com/u-s-supreme-court-spurns-mckinsey-co-appeal-in-bankruptcy-conflicts-case-reuters/
Oct 11 (Reuters) – The U.S. Supreme Court on Tuesday declined to hear McKinsey & Co’s bid to escape a lawsuit by retired turnaround specialist Jay Alix accusing the management consulting firm of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings.
The justices turned away McKinsey’s request that they overturn a lower court’s decision that the lawsuit by Alix, who has accused the firm of running a “criminal enterprise” by hiding its ties to lenders and its clients’ competitors.
Alix’s lawsuit accused McKinsey and several current or former employees of violating the Racketeer Influenced and Corrupt Organizations Act (RICO), a U.S. law used to target illegal conspiracies that originally was designed to target organized crime.
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Alix, who has battled McKinsey in multiple courtrooms since 2016, sought triple damages under RICO, which lets people sue if they believe criminal enterprises caused them harm.
U.S. District Judge Jesse Furman in Manhattan in 2019 dismissed the lawsuit, saying Alix did not assert a “proximate” link between McKinsey’s alleged wrongdoing and harm to AlixPartners. Alix reported owning a 35% equity stake in AlixPartners.
The New York-based 2nd U.S. Circuit Court of Appeals in January revived the case, saying Furman gave “insufficient consideration” to whether McKinsey undermined the integrity of federal judicial proceedings.
“If McKinsey’s conduct has corrupted the process of engaging bankruptcy advisors, as Alix plausibly alleges, then the unsuccessful participants in that process are directly harmed,” 2nd Circuit Judge Barrington Parker wrote.
McKinsey in its petition to the Supreme Court argued that the 2nd Circuit’s decision ran contrary to past rulings by the high court holding that RICO lawsuits may be brought only by plaintiffs injured “directly” by wrongdoing.
The firm urged the Supreme Court to consider whether lower courts must follow that standard “even if, in the court’s judgment, the plaintiff’s allegations implicate the court’s ‘supervisory responsibilities'” over judicial proceedings.
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Reporting by Nate Raymond in Boston; Editing by Will Dunham
Our Standards: The Thomson Reuters Trust Principles.
Nate Raymond
Thomson Reuters
Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.
ActionIQ Named Finalist In 2022 Digiday Technology Awards For Work With News Corp PR Newswire
ActionIQ Named Finalist In 2022 Digiday Technology Awards For Work With News Corp – PR Newswire https://bentoncountynewsnow.com/actioniq-named-finalist-in-2022-digiday-technology-awards-for-work-with-news-corp-pr-newswire/
AIQ CX Hub recognized in Best Marketing Analytics Platform category
, /PRNewswire/ — ActionIQ, the leader in customer experience (CX) solutions that deliver actionable insight from customer data, today announced that it was selected as a 2022 Digiday Technology Award Finalist in the Best Marketing Analytics Platform category for its work helping News Corp deliver personalized, consistent customer experience across all its media brands to shift from advertising to subscription business model. The Digiday Technology Awards recognize the technology modernizing media and marketing.
“With third-party cookies going away, we needed to make a strategic shift from advertising to subscription revenue model, and doing that successfully required a solid first-party data strategy to deliver personalized customer experience across media units, while driving costs down,” said Esfand Pourmand, Senior Vice President and Global Head of Product at News Corp. “Working with ActionIQ allowed business teams to discover and orchestrate global audiences at scale and execute cross-brand use cases, including cross-sell, retention, winback and personalized offers. Not only did we succeed in moving to the subscription model, we also unlocked many new revenue opportunities.”
“Overall, the work the judges nominated in 2022 demonstrated that tech companies are empowering advertisers and publishers to focus on new and established revenue streams while keeping the customer experience in focus,” said Digiday in its recap of this year’s Award Finalists.
“The successful partnership with News Corp is a direct result of its dedication to driving personalized, valuable customer experiences, and we’re very proud to be chosen as a 2022 Digiday Technology Award Finalist for this work. This is yet another endorsement of how AIQ CX Hub brings tangible business value to customers,” said Leah Pope, Chief Marketing Officer at ActionIQ. “Customer data is the foundation of personalized, impactful customer experiences, but this data has to be available to business users, integrated across all sources and analyzed to extract actionable insights to orchestrate experiences that differentiate the brand and drive revenue. This is where the AIQ CX Hub excels, and our work with this media customer is the perfect example of that.”
The ActionIQ CX Hub, powered by a CDP, empowers organizations to flexibly and securely leverage the solutions they need to power personalized experiences at scale. Technology teams maintain complete control of data governance while giving business users self-service access and seamless integrations. Business teams have permissioned direct access to explore the customer data they need to orchestrate both real-time experiences and omnichannel customer journeys.
Details about the 2022 Digiday Technology Award Finalists can be found here. Award winners will be announced in a virtual ceremony on November 17, 2022.
About ActionIQ
ActionIQ brings order to CX chaos. Our Customer Experience Hub empowers everyone to be a CX champion by giving business teams the freedom to explore and action on customer data while helping technical teams extend and enhance existing technology investments to manage data governance, costs and performance. Enterprise brands such as Autodesk, M&T Bank, Neiman Marcus, Hertz and many more use our CX Hub to drive growth through extraordinary customer experiences. Learn more at actioniq.com.
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What To Know Before Voter Registration Deadline KNWA
What To Know Before Voter Registration Deadline – KNWA https://bentoncountynewsnow.com/what-to-know-before-voter-registration-deadline-knwa/
by: Kayla Davis
Posted: Oct 11, 2022 / 06:54 AM CDT
Updated: Oct 11, 2022 / 07:07 AM CDT
WASHINGTON COUNTY, Ark. (KNWA/KFTA) — Today, October 11 is the final day to register to vote in Arkansas.
If you’ve recently moved to Arkansas or to a different county within the state or haven’t filled out the voter registration form, you’ll need to make sure you do in order to vote in the November election.
The Washington County Election Director, Jennifer Price, said if you’re unsure of your registration status, it’s always a good idea to check and make sure all of the information is correct. Click here to check your registration status and more.
There are two ways to register, by mail or in person.
If you’re choosing to mail in your registration form, you can print it from the Secretary of State’s website here, or pick one up at your local public library. Price warns that it has to be postmarked with the current date, which can be confirmed by taking it straight to the post office.
Price said it’s best not to procrastinate but expects a large number of people to register Tuesday.
“Because you do have that 30-day deadline, you don’t want to wait and then remember on Wednesday,” said Price.
If you’re choosing to register in person, head to your county clerk’s office where you can fill out the form and leave it there.
The Washington County clerk’s office closes at 4:30 p.m. In Benton County, you can register to vote at the clerk’s office in Downtown Bentonville until 7:30 p.m.
If you are registered, the next step is to study up on the candidates and ballot issues because Price said some of them are lengthy and come Election Day, the poll workers might not be able to help you decipher what they all mean.
What to know before voter registration deadline
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Journese Offers Bonus TRIP Points For AMR Collection Resort Bookings Travel Market Report
Journese Offers Bonus TRIP Points For AMR Collection Resort Bookings – Travel Market Report https://bentoncountynewsnow.com/journese-offers-bonus-trip-points-for-amr-collection-resort-bookings-travel-market-report/
Secrets Moxché Playa del Carmen by AMRTM Collection. Photo: Journese
Journese, the luxury brand of Pleasant Holidays, is offering travel advisors 500 Bonus TRIP Points for every new AMR Collection booking in the Caribbean, Central and South America, and Mexico for registered bookings made by November 6, 2022 for travel through December 31, 2023.
Advisors will earn an additional 100 bonus TRIP points for bookings registered on the same day they are confirmed, and 1,500 bonus TRIP points after making 10 confirmed, qualifying bookings.
As an extra incentive, the top producer will earn a complimentary two-night stay at the new Secrets Moxche Playa del Carmen by AMRTM Collection.
“With focused brands across Central and South America, Mexico and the Caribbean, the AMR Collection offers travelers authentic ‘WOW’ moments,” said Amy Comparato, senior brand director at Journese. “Whether seeking a family friendly vacation, couples-only or a focus on well-being, Journese can handcraft vacations for those seeking memorable moments and connection.”
Travel advisors must register new bookings by November 15, 2022 to be eligible for the resort stay rewards and bonus TRIP points. Journese TRIP points can be redeemed for personal travel to any Journese destination.
Travel advisors can protect their commissions by adding one of the Journese Cancel-for-Any-Reason protection plans that include up to 100% commission protection, beginning at $49 per adult.
All bookings are combinable with all AMR Collection promotions at partner properties.
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Impossible Foods Undergoes Restructure Food Business News
Impossible Foods Undergoes Restructure – Food Business News https://bentoncountynewsnow.com/impossible-foods-undergoes-restructure-food-business-news/
REDWOOD CITY, CALIF. — Plant-based meat producer Impossible Foods has laid off 6% of its employees as part of a reorganization plan.
The restructure primarily involved roles that had become redundant or were incompatible with other parts of the reorganization plan.
“Earlier this week we proactively made some organizational changes that strengthen our company and establish clear supply and demand functions to position us for our next phase of expansion,” a spokesperson for Impossible Foods said. “As a result, some roles were eliminated, but we’re continuing to actively recruit for key positions that will enable our continued growth.”
The move is just the most recent shakeup within the plant-based alternatives market amid declining growth in the segment, including the permanent closure of Planterra Foods on Oct. 3.
Likely the result of economic pressures and higher shelf prices, a report from the Brightfield Group found that shopper penetration for burger and chicken alternatives fell 7% and 6%, respectively, within the second quarter of 2022.
The spokesperson denied any connection between such studies and its reorganization, however.
“Contrary to reports about the performance of the plant-based meat category and a number of companies within it, we’re seeing hyper growth, with over 60% year-over-year sales growth in retail alone,” the spokesperson said.
Why Bob Costas Is Calling Yankees Vs. Guardians 2022 ALDS Series Sporting News
Why Bob Costas Is Calling Yankees Vs. Guardians 2022 ALDS Series – Sporting News https://bentoncountynewsnow.com/why-bob-costas-is-calling-yankees-vs-guardians-2022-alds-series-sporting-news/
What an unfortunate thing to happen on “Dozen-Egg Night.”
Viewers tuning into the ALDS on Tuesday night will hear a familiar, velvety voice coming over the airwaves — that’s because Bob Costas returns to the postseason baseball scene, decades after hanging up his microphone on the equally high-stakes BASEketball scene.
Costas heads up a duo that features former MLB player and current analyst Ron Darling in the TBS booth for the Yankees-Guardians ALDS series, marking a return of Costas to the broadcast booth for a playoff series for the first time in over 20 years.
MORE: Watch Yankees-Guardians ALDS starting Tuesday
And, of course, for Costas, baseball is still his first love.
“It’s the sport that I still follow most closely,” Costas told The Athletic. “Am I still interested in other sports? Yes. But am I connected to baseball? Yeah, more so than the other sports.”
Here’s why Costas is calling the ALDS starting on Tuesday night:
Why is Bob Costas calling Yankees-Guardians?
Costas is calling the Yankees-Guardians ALDS as an expansion of his TBS duties that he’s handled throughout the 2022 season; Costas has been calling games for TBS’ Tuesday night national package in 2022, sharing play-by-play role with Brian Anderson.
Costas has also held spot duty for MLB Network and YES Network recently, but this marks the first time since the 2000 ALCS between the Yankees and Mariners that he’ll have the opportunity to call a playoff series in its entirety.
In years past, Costas has called a game here or there during the division series for MLB Network, but not a full series.
Calling a full series, of course, is a benefit for him (via The Athletic):
To do a full series like this, I haven’t done that since I did the ALCS for NBC in 2000, the Mariners against the Yankees. So it allows you to get into a rhythm. It isn’t quite like playing, but it’s the closest thing to it. You remember every pitch. So if something happens in Game 3 and it somehow connects to some tension from Game 1, you’re on top of it in the way that a good local announcer would be.
Costas has actually worked with TBS throughout the 2022 season, calling “Tuesday Night Baseball” games for the network’s nationally televised games.
Beyond the ALDS, Costas will host TBS’ on-site studio for the ALCS, joined by Pedro Martinez, Jimmy Rollins and Curtis Granderson.
Enterprise Not Consumer In The Vanguard Of US$60 Billion Metaverse Market Development PR Newswire
Enterprise, Not Consumer, In The Vanguard Of US$60 Billion Metaverse Market Development – PR Newswire https://bentoncountynewsnow.com/enterprise-not-consumer-in-the-vanguard-of-us60-billion-metaverse-market-development-pr-newswire/
Despite the consumer metaverse getting all the attention, enterprise metaverse’s early momentum in interoperability and standardizations has it off to a solid start
, /PRNewswire/ — ABI Research, a global technology intelligence firm, sees the enterprise metaverse opportunity (immersive collaboration, digital twin, and simulation software and services revenue) approaching US$60 billion by 2030. Adding in additional revenue from the augmented and virtual reality market would further add tens of billions in revenue opportunities on the software and services front.
Michael Inouye, Metaverse Markets and Technologies Principal Analyst at ABI Research, explains, “The metaverse, being a long-term vision, means the buildup to this future is just as intriguing as the final product, and in this regard, it is the enterprise markets that are leading ahead of the consumer segment. For example, efforts on the standardizations front are being driven through the enterprise space.” The Digital Twin Consortium directly targets industrial, while the Metaverse Standards Forum and Universal Scene Description (USD) support the entire metaverse. Early traction and development have targeted the enterprise – NVIDIA’s Omniverse platform (based on USD) as an example has seen solid industry support and early traction within the enterprise markets and is pushing accessibility through Omniverse Cloud.
Like the consumer gaming market, the transition to Enterprise 3D also predates the recent attention to the metaverse. In this case, the augmented and virtual reality market, along with simulations and digital twins, represent solid foundations and growth opportunities. Still, perhaps more importantly, these industries are already focusing on interoperability and standardizations.
“The enterprise metaverse deserves more attention than it receives. The enterprise segment has a higher order of diversity, owing to different industry targets and a more fragmented customer base,” Inouye adds. The retail front for metaverse, for example, tends to focus more on innovation and the customer experience, with companies like UneeQ and Soul Machines working on digital humans, while others such as Touchcast are looking to impact CX by bringing more immersive interactions or TechSparq helping companies enter the virtual shopping space.
There is also a higher order of maturity with pre-existing markets and digital transformations, such as migrations to the cloud. For example, the digital twin and simulation market has established market leaders like Altair, Ansys, Autodesk, Dassault Systemes, Presagis, PTC, and Siemens which, along with more innovation-leaning companies like cloud specialists SimScale, are helping companies through their respective digital transformations.
The enterprise metaverse has many moving pieces, from balancing hybrid workforces to digital transformations and more stringent ROI targets, but with the early momentum, this segment of the metaverse is off to a solid start. “The industry needs to continue working on and coalescing around key standards and best practices. While expectations do vary broadly, the enterprise metaverse is better positioned to exceed early market forecasts,” Inouye concludes.
These findings are from ABI Research’s Evaluation of the Enterprise Metaverse Opportunity application analysis report. This report is part of the company’s Metaverse Markets & Technologies research service, which includes research, data, and ABI Insights. Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.
ABI Research是一家国际科技情报公司，为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel: +1.516.624.2558
[email protected]
SOURCE ABI Research
October Prime Day 2022: 21 Gadget Deals From Ring Ninja And More TODAY
October Prime Day 2022: 21 Gadget Deals From Ring, Ninja And More – TODAY https://bentoncountynewsnow.com/october-prime-day-2022-21-gadget-deals-from-ring-ninja-and-more-today/
Prime Early Access Sale, the fall two-day sale event created by Amazon, is finally here. And no, it’s not the same as this year’s Prime Day (which took place in July), but the discounts are just as huge. So instead of waiting for Black Friday or Cyber Monday, get started now on your holiday gift shopping or home and kitchen improvement projects now — and save money while doing it.
From 10-in-1 kitchen gadgets to keyless fingerprint locks, we’ll be rounding up some of the best Amazon Prime Early Access Sale home gadget deals in every price point to ease your shopping woes. Keep scrolling to browse, or shop by your budget using the table of contents below:
The best home gadget deals under $50
The best home gadget deals under $100
The best home gadget deals over $100
The best home gadget deals under $50
Amazon Smart Plug
Wouldn’t you love to just wake up, drowsily walk to the kitchen and on the way there, put the coffee on with a simple, “Alexa, turn on the coffee maker”? Now you can, just by plugging in your coffee maker or whatever appliance you wish into this compact smart plug — no smart hub needed. Plus, the compact design frees up the other outlet. Just note that it’s only compatible with Alexa, Amazon says.
Ecolution Micro-Pop Microwave Popcorn Popper
Let’s face it: Sometimes you just want to have a movie theater experience at home. And what’s a movie theater experience without freshly popped popcorn? With Ecolution’s microwavable gadget, you can control how little — or how much — flavoring you’d like to add. You don’t need oil to use this, but the multi-purpose lid can melt your desired amount of butter right onto your kernels as they pop. And, it’s dishwasher-safe!
Taylor Precision Products Waterproof Digital Thermometer
Whether you’re grilling, baking or frying (and trying to maintain your cool before your dinner guests arrive), this instant-read thermometer’s accuracy means food safety is one less thing you’ll have to worry about. From Taylor Precision, this digital tool also has a waterproof and bacteria-resistant sleeve, as well as a large, easy-to-read digital display, the brand says. What’s more, the thermometer can measure up to 450 degrees Fahrenheit.
Rubbermaid FreshWorks Produce Savers
Tired of wasting food — and cash — due to your fruits and vegetables going bad before you can finish them? Rubbermaid has these BPA-free produce-saving containers so your groceries can stay fresh in your fridge for longer. How? A permanent, built-in filter (read: no replacements necessary) regulates the oxygen and carbon dioxide for the optimal environment to keep your veggies happy, and an elevated base to keep them away from moisture and help with airflow, the brand shares. A couple of bonuses: They have a stackable, modular design and are dishwasher-safe. (Note: Make sure to choose the set of two in medium and large to get the discount!)
Sengled Smart Bulb
With this smart bulb, compatible with both Google Assistant and Alexa, you’ll be able to do so much more with your home lighting. On top of dimming and brightening, you’ll be able to set moods and atmospheres, set on-and-off schedules, and even turn on the lights on your way home (instead of being greeted by pitch darkness). Plus, if you forget to turn off the lights before you leave your home, this smart bulb system has you covered.
The Battery Storage Organizer and Tester with Cover
If you’ve got all kinds of batteries rolling around in your drawers or popping up in random places around the house, their battery life unknown, then this clear-covered battery storage organizer is for you. The case can hold 93 batteries: 45 AA, 25 AAA, four 9-volt, eight C, six D and five flat batteries. And if that wasn’t enough, it comes with a battery tester (no batteries needed!) to see how much juice each has. You can store this in a drawer or mount it for easy access.
BlissLights Sky Lite 2.0 RGB LED Projector
What if we told you that you can escape into mesmerizing unknown galaxies without leaving your own home? This smart LED projector, along with its accompanying BlissLights app, lets you enjoy an intimate dinner, story time with your kids or your meditation practice with the colorful mood ambiance of your choice, whether it’s twinkling stars or a purple-blue nebula.
Mueller Pro-Series Multi Chopper and Vegetable Slicer
You’ve seen this versatile food chopper making the social rounds for a reason. It’s like having 10 tools in one: It can chop, slice, dice, grate, julienne and more thanks to a whopping eight interchangeable high-quality stainless steel blades, the brand says. And not only does it save time during food prep, but also clean-up too — just pop it in the dishwasher.
Amazon Basics 3-Way Smart Switch
Upgrade your traditional light switch with this smart one from Amazon Home Basics. Using Alexa, you can use your voice or the app to control the lighting in your home, simply by working with your existing lighting system. You can also set schedules, and you won’t be needing any other equipment. It also comes with a handy step-by-step installation video and a manual and user guide.
BONTEC Dual Monitor Stand
In this day and age, you’re probably working from home anywhere between one to five days a week. This is where this dual monitor stand by BONTEC comes in. You can raise both your monitor and your laptop, or two monitors. Plus, there’s space underneath for your laptop, keyboard and other office essentials when you’re done for the day. And did we mention the sleek design?
Luxe Makeup Brush Cleaner
We don’t want to think about how much gunk and grime accumulate in our makeup brushes as the months (and years!) go by, but we have to. Especially if you have skin that’s prone to irritation, in which case all those germs probably don’t help. This electronic brush cleaner will make the process of maintaining your brushes (and saving your skin) a lot less time-consuming — as in, mere minutes, the brand says.
Ring Video Doorbell Wired
The Ring video doorbell is designed to make home security just a little bit easier with its advanced motion detection technology, high-definition video feedback, and real-time notifications on your mobile device via the Ring app. You’ll be able to hear and speak to any guests at the front door with the app, as well.
The best home gadget deals under $100
SodaStream Terra Sparkling Water Maker Bundle
We know there’s nothing like a cold glass of pop as an afternoon pick-me-up or pizza accompaniment. But if you’re looking to cut down on the sugar, waste and not to mention money (those soda cans and bottles add up!), SodaStream’s sparkling water maker bundle is now on sale. This one comes with two CO2 cylinders and two Bubbly Drops flavors.
Cosori Air Fryer
Now’s the time to join in on the (years-long?) air fryer craze. This one by Cosori is now available for under $100, so go ahead and enjoy those french fries with a fraction of the oil used in traditional methods. On top of air frying, this appliance allows you to dehydrate foods. A bonus: The basket and crisper plate are safe for the dishwasher, the brand says.
TOLOCO Massage Gun
Work, rent, the bills — we hear you; life is stressful. But going to a massage therapist every week is probably not be a feasible option. This percussive massage gun is now over 70% off (yes, more than half off!). It has 20 speeds designed to relieve your muscle fatigue with whatever intensity required. It also has 10 interchangeable massage heads.
Google Nest
No one likes to be surprised by a high energy bill. The Google Nest Smart Thermostat is here to help. You can program a thermostat schedule or control it yourself from anywhere, using either your iPhone or Android phone. Plus, while you’re out, it has the ability to turn the temperature down to save energy. It’s swipe-bar mechanism is also easy to use, according to the brand.
Secustone Fingerprint Door Lock
Make losing or misplacing your keys a thing of the past with this keyless door lock. You’ll be able to unlock your front door with your fingerprint or a customizable code. You can set different codes for friends or family, and set a certain amount of time that code is active, according to the brand. You can also get notifications of any lock activity, and if anyone tries to break in, the screen will lock automatically for 5 minutes and won’t be able to be opened again unless with your key.
The best home gadget deals over $100
NUTR Automatic Nut Milk Maker
Dairy-free milk is everywhere, but if you drink it on the reg, you know that it’s nearly impossible to find delicious vegan milk without spending a pretty penny. Enter: The Nutr machine. The countertop gadget can make everything from almond milk to oat milk and even hemp, according to the brand. What’s more, you can use it as a tea kettle and it has a setting that cleans itself. Nutr has three temperature settings and comes with a reusable strainer, cleaning brush and recipe book.
iRobot Roomba s9+ Robot Vacuum with Automatic Dirt Disposal
In keeping with the “time is money” theme, this smart vacuum, the latest iteration of iRobot’s Roomba, will clean the floors in all your rooms with its powerful suction, and it’ll empty itself, according to the brand. It’s also WiFi-compatible and equipped with smart mapping. So go ahead and check off the rest of your to-do list while it sucks up all those pesky pet hairs.
Ninja Foodi Power Pitcher System
Time is money, so we love an appliance that saves you both. This versatile appliance by Ninja Foodi does four tasks in one: it can crush ice, process food, make smoothie bowls and even work with dough. It features Ninja’s so-called “smartTORQUE” technology, which it designed to powerfully break down foods without lagging, or you needing to shake o...
Cryptos Evolution As An Asset Class Needs Better Accounting Bloomberg Tax
Crypto’s Evolution As An Asset Class Needs Better Accounting – Bloomberg Tax https://bentoncountynewsnow.com/cryptos-evolution-as-an-asset-class-needs-better-accounting-bloomberg-tax/
Last year, bitcoin passed a key milestone toward institutional acceptance as an array of publicly traded companies added it to their corporate treasuries. Alongside traditional financial instruments, and despite a significant price drawdown, companies such as Tesla, Block (formerly Square), and Coinbase still hold over $100 million worth of bitcoin today.
But after last year’s initial hype, the corporate balance sheet clamor for bitcoin has slowed to a crawl, likely due in part to complex accounting rules. For observers and investors in public companies holding bitcoin, disclosure rules are also vague and deter transparency. Tesla recently left a mystery in its wake as it sold 75% of its initial $1.5 billion bitcoin stake, leaving questions about its initial cost basis and disposition unanswered. To be fair, such transparency is by no means required under current accounting rules.
According to today’s accounting standards, bitcoin, which is considered an “intangible asset,” is disclosed in a markedly different way than typical investments such as cash, stocks, or bonds. Publicly traded firms are required to incur impairment charges against their bitcoin purchases whenever prices dip below the initial cost basis. In other words, and especially for volatile assets like bitcoin and other cryptocurrencies, impairment ends up harming the bottom line of public earnings reports and requires companies to hold these assets on their balance sheets at their lowest valuation since the point of purchase.
It also can be a significant logistical challenge for accounting teams to accurately track intraday price movements to properly record impairments. As crypto winter has set in, the bitcoin-heavy balance sheet for the publicly traded Microstrategy has weighed especially heavily, as it has had to report hundreds of millions of dollars’ worth of losses via impairment charges over recent quarters.
While corporates have slowed or reversed their bitcoin balance sheet acquisitions, institutional adoption is continuing in other meaningful ways. Blackrock recently teamed up with Coinbase to enable crypto investment for institutional investors, and Fidelity plans to enable 401(k) investment in bitcoin later this year. If the digital asset class is truly ready for maturity, however, it’s past time for better accounting rules and regulatory transparency.
Transparency enforced by official institutional guidance can help prevent meltdowns and undue harm to investors. In the wake of high-profile crypto bankruptcies such as Celsius and Voyager, these tenets are as critical as ever. Key institutions such as the Financial Accounting Standards Board and the Securities and Exchange Commission are poised to fill the digital asset accounting gap for public and private firms.
Last March, the SEC issued Staff Accounting Bulletin 121, which offered SEC staff interpretations on crypto accounting safeguards. In this guidance, the SEC staff expressed views related to “entities that have obligations to safeguard crypto-assets held for their platform users.” The guidance requires that these entities recognize a safeguarding asset and liability and notes “that crypto-assets should be recorded as a liability and corresponding asset on their balance sheet at fair value.” The staff interpretation recommends that companies gross up their balance sheet when they are responsible for safeguarding customer assets.
But soon after SAB 121 was issued, SEC Commissioner Hester Peirce raised several dissenting concerns. First, she wondered “why now?” as bankruptcies and thefts from cryptocurrency custodians have been occurring for years. Second, she noted, “the SAB does not acknowledge the Commission’s own role in creating the legal and regulatory risks that justify this accounting treatment. The Commission has refused, despite many pleas over many years, to provide regulatory guidance about how our rules apply to crypto-assets, so some of the responsibility for the lack of legal and regulatory clarity lies at our doorstep.”
Further, Peirce seeks coordination between the SEC and the FASB in setting official accounting standards. In that regard, and after requests by companies and investors frustrated by impairment charges and lack of transparency, the FASB may soon share its own official guidance. Ideally, the new FASB rules will lead to clearer accounting outcomes that are more aligned with economic realities—for example, holding digital assets on the balance sheet at fair value rather than impaired cost—along with better disclosure and transparency rules for crypto-asset holdings by corporations.
Given official accounting standards and guidance by institutions such as the FASB, crypto should evolve to meet the same standards as traditional asset classes. Similar to what traditional asset classes experienced in 2008, cryptocurrency recently experienced its own high-profile Lehman-like bankruptcies. In the wake of the 2008 financial crisis, a speech by SEC Commissioner Kathleen Casey homed in on the need for accounting standards to promote transparency.
After the traditional mark-to-market accounting standard came under duress as asset prices dropped and liquidity receded, the FASB and other institutions swiftly coordinated to offer definitive guidance for fair value accounting in illiquid markets, in addition to improved disclosure transparency. Crypto needs similar standards—and fast. The FASB is coordinating with other relevant agencies to offer formal guidance in the foreseeable future, and that will be critical for cryptocurrency’s maturation as a new asset class.
After a chaotic crypto winter, regulatory clarity, transparency, and better accounting will let spring finally emerge again.
This article does not necessarily reflect the opinion of The Bureau of National Affairs, Inc., the publisher of Bloomberg Law and Bloomberg Tax, or its owners.
Author Information
Aaron Jacob leads TaxBit’s efforts in building and scaling TaxBit’s ERP solution—the Core Accounting Suite—which streamlines and automates the financial reporting needs that businesses and management teams face regarding digital assets.
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Israel Lebanon Agree To Maritime Border Deal Brokered By The U.S. Axios
Israel, Lebanon Agree To Maritime Border Deal Brokered By The U.S. – Axios https://bentoncountynewsnow.com/israel-lebanon-agree-to-maritime-border-deal-brokered-by-the-u-s-axios/
Officials in Israel and Lebanon announced Tuesday they have accepted a U.S.-mediated agreement on a maritime border between the countries.
Why it matters: Once signed, the historic deal between the two traditional enemies will allow the beginning of natural gas exploration in the disputed area in the eastern Mediterranean Sea and reduce the threat of regional war.
The dispute is over a potentially gas-rich, 330-square-mile disputed area of the Mediterranean Sea with an estimated value reaching billions of dollars.
The need for a deal has become especially urgent as the Karish rig, a major Israeli gas project that Israel’s government says is south of the disputed area, prepares to come online. Hezbollah has called the beginning of production in the Karish rig a red line.
What they’re saying: “This is an historic achievement that will strengthen Israel’s security, inject billions into Israel’s economy, and ensure the stability of our northern border,” Israeli Prime Minister Yair Lapid said Tuesday in announcing that Israel had agreed to the final draft proposal.
“The draft agreement meets all the security and economic principles laid out by Israel,” he added.
Lebanese President Michel Aoun officially announced that Lebanon accepted the final U.S. proposal and said he hopes an agreement can be announced as soon as possible.
The big picture: U.S. envoy Amos Hochstein in the past year resumed efforts to reach a deal after efforts by previous officials over the last decade failed.
Israeli national security adviser Eyal Hulata said Tuesday that all of the Israeli government’s demands in the maritime border negotiations with Lebanese officials were met.
“The changes we asked for in the text were made. All of Isrsel’s security interests were safeguarded. We are on a path towards a historic agreement,” he added.
Lebanese chief negotiator Elias Bou Saab told Reuters the proposed agreement “takes into consideration all of Lebanon’s requirements” and “could imminently lead to a historic deal.”
Between the lines: The agreement still faces several challenges on the Israeli side. The security cabinet, which is expected to meet on Wednesday, will likely approve the agreement, but it also needs to be approved by the full government plenary.
Alternate Prime Minister Naftali Bennett has veto power in the plenary, though at this time it appears he won’t use it.
The agreement will be reviewed by the Knesset for 14 days and then go back to the government plenary for final approval.
Flashback: A week ago, it appeared the two sides were headed toward a deal. But negotiations broke down after Israeli officials rejected comments by their Lebanese counterparts on the draft agreement, claiming they were a “material breach” of the text.
Israeli officials were concerned about their Lebanese counterparts’ refusal to recognize the three-mile security line of buoys Israel placed in the sea between the countries, and the Lebanese reservations about the compensation Israel would get for its economic rights in the disputed area.
But U.S. officials continued to mediate between the parties. And Israeli and U.S. officials said on Monday night that a solution was found to the remaining issues and a final text was sent to the parties.
What to watch: Several right-wing Israeli NGOs appealed to the supreme court against the agreement.
The supreme court process could halt the final approval of the agreement and potentially stop it completely until after the Nov. 1 Israeli election.
Editor’s note: This article has been updated with additional details throughout.
Prime Early Access Sale 2022: 10 Tech Deals You Dont Want To Miss NBC News
Prime Early Access Sale 2022: 10+ Tech Deals You Don’t Want To Miss – NBC News https://bentoncountynewsnow.com/prime-early-access-sale-2022-10-tech-deals-you-dont-want-to-miss-nbc-news/
For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. The second sale — dubbed the Prime Early Access Sale— runs through Oct. 12 and offers sitewide savings for Prime members on popular categories ranging from skin care and home goods to tech and fitness equipment. Since it’s so close to the holiday season, Amazon is also introducing a Top 100 list featuring deals on some of the most popular (and gift-worthy) products, the retailer says.
SKIP AHEAD Prime Early Access tech sales on Amazon | Tech sales at other retailers
Whether you’re shopping for cool products for your tech-loving friends or just looking for some great deals for yourself, you’ll find notable discounts on TVs, headphones, laptops, smartwatches, tech accessories and more during the Prime Early Access Sale. To help you make the most of the fleeting shopping holiday, we compiled some of the best Prime Day deals and sales live on Amazon, plus highlighted other notable deals from counter sales at other retailers.
The best Prime Early Access Sale tech deals
Below, we’re sharing the best deals from the Prime Early Access Sale on tech products based on our previous coverage and reporting. To ensure the quality of each deal, we’re running deals through price trackers like CamelCamelCamel and Honey— each product is at its lowest price in at least three months.
Apple MacBook Air (2020)
Lowest price ever
4.8-star average rating from 12,959 reviews on Amazon
With up to 18 hours of battery life and faster graphics and processing speeds thanks to Apple’s M1 chip, according to the brand, this MacBook Air is a great option for those looking to upgrade their current laptop situation. This model has 8GB of RAM and 256 GB of storage, which should be enough for most people.
Echo Dot (3rd Gen.)
4.7-star average rating from 963,229 reviews on Amazon
Amazon’s most compact smart speaker is a deal at less than $20. WIth improved sound over its Gen 2 model, according to the brand, this Echo Dot lets you voice control your music, stream songs, control smart home devices, set timers, ask for the news and more. Pair it with another to enjoy stereo sound.
Sony SRS-XG500 X-Series Wireless Portable Bluetooth Boombox Party-Speaker
4.6-star average rating from 396 reviews on Amazon
This water-resistant Bluetooth speaker is lightweight (about 12 pounds) and has a carrying handle so you can easily take it on the go. The speaker also includes LED lighting effects to create a cool ambience when playing music in the dark and has up to 30 hours of battery life, according to Sony.
NETGEAR Orbi Whole Home Wi-Fi 6 System
4.4-star average rating from 913 reviews on Amazon
One of our experts’ favorite Wi-Fi routers, this integrated cable modem and Wi-Fi 6 satellite system covers up to 5,000 square feet and 40-plus devices at one time so you can stream, game, and work without interruption. The built-in DOCSIS 3.1 modem supports internet plans up to 4Gbps and is compatible with most cable service providers, Netgear says.
Samsung Galaxy S22 Ultra Smartphone
4.6-star average rating from 408 reviews on Amazon
The Samsung Galaxy S22 comes with 128GB and is powered by Qualcomm’s Snapdragon 8 Gen 1, which the company says supports superior camera quality and faster processing speeds compared to its previous 5G platforms. It is the largest of all the phones in the S22 series with a 6.8-inch display and comes with a built-in S Pen. It has a 5,000mAh battery that, according to the brand, should last for more than a day on a single charge.
Bose Noise Cancelling Headphones 700
Lowest price ever
4.5-star average rating from 28,477 reviews on Amazon
The Bose 700 over ear headphones are some of the best if you’re looking for active noise cancellation — they offer 11 levels of ANC plus “good, balanced sound quality and a super comfortable fit,” as tech expert Whitson Gordon previously noted. The headphones can last for up to 20 hours on a single charge, according to the brand.
Jabra Speak 510 MS Wireless Bluetooth Speaker
Lowest price ever
4.7-star average rating from 16,671 reviews on Amazon
This wireless portable speaker turns any room into a conference room — its circular design allows it to pick up sound from every angle, according to the brand, and all you have to do is connect it to Bluetooth or USB and dial in to calls. It’s compatible with all leading unified communication platforms, and it’s certified for Avaya, Cisco, Skype for business and more.
Nokia T20 Android 11 10.36-Inch Tablet
Lowest price ever
4.1-star average rating from 119 reviews on Amazon
At just over 10 inches and weighing 1.5 pounds, this is an easy tablet to take on the go. It has enhanced speakers and dual microphones, which makes for a better experience during video calls, according to the brand. It boasts up to seven hours of battery life and comes with two years of OS upgrades and three years of security updates, Nokia says.
iWALK 4500mAh Portable Charger USB-C Battery Pack
Lowest price ever
4.3-star average rating from 7,215 reviews on Amazon
This USB-C Battery Pack is lightweight at just 6.4 ounces and works with Samsung devices, Google devices and more, according to the brand. It attaches directly under the phone, so you can make calls while the phone is charging without any hassle, the brand says.
Samsung Galaxy Buds Pro
4.3-star average rating from 7,215 reviews on Amazon
These water-resistant earbuds use Samsung’s Active Noise Cancellation technology to eliminate sounds around you, the brand says. They have an IPX7 water-resistance rating, which means they should be able to withstand intense workouts and walks in light rainstorms.
Prime Early Access Sale: Best tech sales on Amazon
Here are the best tech sales on Amazon right now during the Prime Early Access Sale that we think you’ll want to know about.
Up to 60% off Amazon Echo devices, Fire tablets, and Fire TV streaming devices
Up to 45% off Acer monitors, mice, gaming headsets and more
Up to 39% off Apple TV devices
Up to 38% off Samsung sound devices and TVs
Up to 20% off Apple Macbooks
Prime Early Access Sale: Best tech sales at other retailers
In addition to Amazon, the following retailers are offering tech sales we recommend.
Best Buy: “Flash Sale” deals on products from Apple, Samsung, Sony and more
Walmart: “Rollbacks” deals on headphones & speakers, TVs, smart home devices and more
Target: Up to 50% off TVs and soundbars
Catch up on Select’s in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date.
Barbara Booth is a former CNBC reporter whose work spans a wide range of business and social topics, including work/life issues, international business and personal finance. In addition to CNBC, her work has been seen in USA Today, Huffington Post, Yahoo Finance, HerMoney, and for various television news programs including the Nightly Business Report.
How And Where To Vote In Napa County This Fall Napa Valley Register
How And Where To Vote In Napa County This Fall – Napa Valley Register https://bentoncountynewsnow.com/how-and-where-to-vote-in-napa-county-this-fall-napa-valley-register/
This week, registered voters across Napa County will begin receiving in their mailboxes ballots for the Nov. 8 election.
Now what?
Support local news coverage and the people who report it by subscribing to the Napa Valley Register.
When can Napans – along with people in American Canyon, St. Helena, Calistoga and elsewhere – start to drop off their ballots, or get help doing so? Where will the closed ballot drop boxes be?
How soon do you have to register to vote in November, and what happens if you run late?
This guide from the Napa Valley Register will guide you to the nearest ballot drop sites and voting centers, and includes important dates leading to Election Day, information on registering to vote, and contact information for the Napa County Election Division.
Countdown to Election Day
Monday – Napa County Elections Division mails ballots to all local registered voters, who do not need to request a ballot before each election. Residents should receive their ballots in the coming days. Monday – In-person ballot drop-offs begin and a vote center opens at the Election Division office in downtown Napa, at 1127 First St. (Suite E).Oct. 24 – Last day to register to vote, 15 days before Election Day
Oct. 29 – Opening of the American Canyon vote center at Holiday Inn Express & Suites, 5001 Main St.
Nov. 5 – opening of other vote centers in Napa, American Canyon, Yountville, St. Helena and Calistoga (see the list of vote centers)
Nov. 8 – Election Day; ballot boxes and vote centers close at 8 p.m.
Where to vote (and get help voting)
Drop boxes
Ballot drop boxes will be available 24 hours a day, seven days a week at various Napa County locations beginning Monday. Drop sites will close promptly at 8 p.m. on Election Day, Nov. 8.
Napa
– Intersection of Soscol and Lincoln avenues, next to Round Table Pizza
– Solano Avenue, south of Redwood Road across from Redwood Plaza
– South Jefferson Street, outside of River Park Shopping Center in front of Goodwill
– Second Street garage alley, between the garage and 1127 First St.
– Napa Valley College, 2277 Napa-Vallejo Highway, by the campus library
American Canyon
– City Hall entrance, 4381 Broadway
Yountville
– Yountville Community Center, 6516 Washington St., near the library drop box
St. Helena
– In front of the St. Helena Public Library, 1492 Library Lane
Calistoga
– Fair Way, next to the bus stop outside Cal Mart
Angwin
– Howell Mountain Market entrance, 15 Angwin Ave.
Vote centers
Vote centers offer services including voter registration, replacement ballots, accessible voting machines and language assistance.
In-person voting is available at the Napa County Election Division office in Napa starting Monday, followed by the Holiday Inn Express & Suites in American Canyon starting Oct. 29. Other vote centers will open throughout the county no later than Nov. 5.
Napa
– Napa County Election Division, 1127 First St. (Suite E)
Open from 8 a.m. to 5 p.m. weekdays starting Monday, and from 8:30 a.m. to 4:30 p.m. weekends from Oct. 29; open from 7 a.m. to 8 p.m. Election Day
– Las Flores Community Center, 4300 Linda Vista Ave.
Open from 8 a.m. to 5 p.m. weekdays starting Monday, and from 8:30 a.m. to 4:30 p.m. weekends from Nov. 5; open from 7 a.m. to 8 p.m. Election Day
American Canyon
– American Canyon Holiday Inn Express & Suites, 5001 Main St.
Open from 8 a.m. to 5 p.m. weekdays and 8:30 a.m. to 4:30 p.m. weekends starting Oct. 29; open from 7 a.m. to 8 p.m. Election Day
– Boys & Girls Clubs of Napa Valley, 60 Benton Way
Open from 8 a.m. to 5 p.m. weekdays starting Monday, and from 8:30 a.m. to 4:30 p.m. weekends from Nov. 5; open from 7 a.m. to 8 p.m. Election Day
Yountville
– Yountville Community Center, 6516 Washington St.
Open from 8 a.m. to 5 p.m. weekdays starting Monday, and from 8:30 a.m. to 4:30 p.m. weekends from Nov. 5; open from 7 a.m. to 8 p.m. Election Day
St. Helena
– Napa Valley College Upper Valley Campus, 1088 College Ave.
Open from 8 a.m. to 5 p.m. weekdays starting Monday, and from 8:30 a.m. to 4:30 p.m. weekends from Nov. 5; open from 7 a.m. to 8 p.m. Election Day
Calistoga
– Calistoga Community Center, 1307 Washington St.
Open from 8 a.m. to 5 p.m. weekdays starting Monday, and from 8:30 a.m. to 4:30 p.m. weekends from Nov. 5; open from 7 a.m. to 8 p.m. Election Day
Registering to vote
To register to vote online, visit the California Secretary of State website’s registration page at registertovote.ca.gov.
Online registration requires your California driver license or identification card number, the last four digits of your Social Security number, and your date of birth. Your information will be provided to the state Department of Motor Vehicles to retrieve a copy of your DMV signature.
The deadline to register to vote in the Nov. 8 election is Oct. 24. After the deadline, you must complete the same-day voter registration process and request your ballot in person at the Napa County Election Division office or a vote center.
You can check your voter registration status, including name, address and party affiliation, at voterstatus.sos.ca.gov.
For more information
Visit the Napa County Election Division website at countyofnapa.org/396/Elections
Contact
707-253-4321 (8 a.m. to 5 p.m. weekdays); 888-494-8356 (toll-free from outside the city of Napa)
John Tuteur, county registrar of voters: john.tuteur@countyofnapa.org
Candidates Anne Cottrell and John Dunbar explain why they want to be on the Napa County Board of Supervisors.
Barry Eberling
PHOTOS: Napa County Supervisor Candidates on the Campaign Trail
Election Preview
Suzanne Besú Truchard, who is running for Napa County Supervisor in District 1, meets with volunteers in Napa on Monday.
Nick Otto, Register
Election Preview
Suzanne Besú Truchard, who is running for Napa County Supervisor in District 1, along with her daughter, Zuzu, 6, and volunteer Lindsey Albreccht meets with constituents while canvasing in Napa on Monday.
Nick Otto, Register
Election Preview
Anne Cottrell ,who is running for Napa County Supervisor in District 3, chats with Brad Nichinson while canvasing in St. Helena on Tuesday, September 20, 2022.
Nick Otto, Register
Election Preview
Anne Cottrell ,who is running for Napa County Supervisor in District 3, is seen canvasing in St. Helena on Tuesday, September 20, 2022.
Nick Otto, Register
Election Preview
Joelle Gallagher, right, who is running for Napa County Supervisor in District 1, introduces herself to Alaina Souza and Melyna Huff while canvasing in Napa on Saturday.
Nick Otto, Register
Election Preview
Joelle Gallagher, who is running for Napa County Supervisor in District 1, coordinates with volunteer Dave Briggs before going out to canvas in Napa on Saturday.
Nick Otto, Register
Election Preview
John Dunbar, who is running for Napa County Supervisor in District 3, speaks during a campaign event at Handwritten Wines in Yountville on Tuesday.
Nick Otto, Register
Election Preview
John Dunbar, who is running for Napa County Supervisor in District 3, listens to a constituent during a campaign event at Handwritten Wines in Yountville on Tuesday.
Nick Otto, Register
Election Preview
Suzanne Besú Truchard, who is running for Napa County Supervisor in District 1, along with her daughter, Zuzu, 6, and volunteer Lindsey Albreccht are seen canvasing in Napa on Monday.
Nick Otto, Register
Election Preview
Suzanne Besú Truchard, who is running for Napa County Supervisor in District 1, along with her daughter, Zuzu, 6, and volunteer Lindsey Albreccht are seen canvasing in Napa on Monday.
Nick Otto, Register
Election Preview
Anne Cottrell , left, who is running for Napa County Supervisor in District 3, chats with Susan and Terry McWilliams while canvasing in St. Helena on Tuesday, September 20, 2022.
Nick Otto, Register
Election Preview
Anne Cottrell ,who is running for Napa County Supervisor in District 3, is seen canvasing in St. Helena on Tuesday, September 20, 2022.
Nick Otto, Register
Election Preview
Joelle Gallagher, left, who is running for Napa County Supervisor in District 1, chats with volunteer Michelle Erbs before going out to canvas in Napa on Saturday
Nick Otto, Register
Election Preview
Joelle Gallagher, left, who is running for Napa County Supervisor in District 1, chats with volunteer Michelle Erbs before going out to canvas in Napa.
Nick Otto, Register
Election Preview
John Dunbar, who is running for Napa County Supervisor in District 3, chats with people during a campaign event at Handwritten Wines in Yountville on Tuesday.
Nick Otto, Register
Election Preview
John Dunbar, who is running for Napa County Supervisor in District 3, speaks during a campaign event at Handwritten Wines in Yountville on Tuesday.
Nick Otto, Register
Election Preview
Suzanne Besú Truchard, who is running for Napa County Supervisor in District 1, meets with volunteers in Napa on Monday.
Nick Otto, Register
Election Preview
Joelle Gallagher, left, who is running for Napa County Supervisor in District 1, coordinates with volunteers before going out to canvas in Napa on Saturday.
Nick Otto, Register
Election Preview
Suzanne Besú Truchard, who is running for Napa County Supervisor in District 1, along with her daughter, Zuzu, 6, chats with Dora Arias while canvasing in Napa on Monday.
Nick Otto, Register
You can reach Howard Yune at 530-763-2266 or hyune@napanews.com.
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Can You Get A Tax Exemption For Travelling? CNBCTV18
Can You Get A Tax Exemption For Travelling? – CNBCTV18 https://bentoncountynewsnow.com/can-you-get-a-tax-exemption-for-travelling-cnbctv18/
Mini
The LTA is only applicable if an employee takes planned leave from work and travels during the period of leave. Travelling during public holidays is not considered for LTA reimbursement
Are you aware of the component of Leave Travel Allowance (LTA) for employees, that covers your travel expenses? Do you know that the component is already part of your salary and you are eligible to use it for your travels? Read on to find out all about LTA and tweak your upcoming travel plans accordingly.
What is the allowance for?
Leave Travel Allowance is a component that has to be included by employers in their employees’ annual CTC, as a best practice, to enable people of the working class to enjoy vacations with their families. This allowance does not come under the total taxable income, which means that the employee need not pay tax for receiving LTA. As evident from the name itself, LTA covers only the travel expenditure involved, and not expenses related to staying, food, shopping, short travels within the vacation destination or international travel. LTA can only be claimed for travels made within India.
Who is eligible?
If you are a salaried employee and your offer letter contains the LTA component, you are eligible for the allowance. There is no waiting period for the LTA, the eligibility begins on the first day of employment. It can cover the actual travel expenses of you, your spouse and your immediate family (parents, in-laws and two children if they are born after 1 October 1998.) After the trip, you can submit bills of travel collectively, for all persons who travelled, to your admin/finance department, for reimbursement, subject to your salary slab. No amount will be credited to you in advance.
What routes and transport can I take?
You are eligible for reimbursement only for the travel fare between your starting point (origin) and your farthest destination in the trip. Stops or reroutes in between will not be considered. The first preference is for you to travel by first-class AC train or by air. If a railway connection is available for a portion of the route or is unavailable, the employer would consider the fare equivalent to that of an established transport medium (first class AC, or deluxe bus, whichever is appropriate to the route.) for reimbursement.
When can I avail of LTA?
An employee can avail of LTA twice in 4 years (a block year). The latest block year was 2018-2021, and the current block year is 2022-2025. If you fail to avail of LTA in the last two years of the block year, you can avail of the allowance in the succeeding block, subject to terms and conditions. LTA cannot be availed for a yearly vacation.
Can I travel during public holidays and claim LTA?
The LTA is only applicable if an employee takes planned leave from work and travels during the period of leave. Travelling during public holidays is not considered for LTA reimbursement, however, some companies make the exemption.
How to claim LTA?
After the travel, the employee is required to submit all bills relating to travel to the HR/Admin department of the company, after considering your eligibility, the HR approves and sends it to finance, after which they proceed with your reimbursement.
(Edited by : Sudarsanan Mani)
%
People Not Looking For Work Due To Illness Hits Record High BBC
People Not Looking For Work Due To Illness Hits Record High – BBC https://bentoncountynewsnow.com/people-not-looking-for-work-due-to-illness-hits-record-high-bbc/
Image source, Getty Images
By Nick Edser
Business reporter
The number of people not looking for work because they are suffering from a long-term illness has hit a record high, latest official figures show.
The fall in the number looking for work has helped to push the unemployment rate to its lowest for nearly 50 years.
The jobless rate fell to 3.5% in the three months to August, the Office for National Statistics (ONS) said.
The number of job vacancies fell again, although the level still remains high with many firms struggling to recruit.
However, the squeeze on pay remains, with rises in regular wages failing to keep up with the rising cost of living.
ONS head of labour market and household statistics David Freeman said the number of people neither working nor looking for work had continued to rise over the past few months.
The economic inactivity rate increased to 21.7% in the June to August period, the ONS said, with those inactive because they are long-term sick hitting a record high of nearly 2.5 million.
Mr Freeman added: “While the number of job vacancies remains high after its long period of rapid growth, it has now dropped back a little, with a number of employers telling us they’ve reduced recruitment due to a variety of economic pressures.”
The estimated number of vacancies in the three months to September fell by 46,000 to 1,246,000, the largest fall since mid-2020 during the Covid pandemic.
Ruth Gregory at Capital Economics said that while there were “tentative signs that the labour market is cooling from the red-hot conditions seen in recent months, the shortfall in labour supply is keeping it exceptionally tight”.
“That will maintain intense pressure on the Bank of England to raise rates aggressively over the coming months,” she added.
‘Recruitment problems are limiting our growth’
One company still struggling to recruit enough staff is PMG Services, a waste management business based in Bristol. It employs 50 people, but has a vacancies for a wide range of roles.
“We get a lot of interested candidates, we offer interviews, and then we get a lot of no-shows which is really disheartening and wastes so much time,” says PMG’s Clare McGuinness.
“Some people are offered jobs and don’t even show up for work. It’s a real challenge,” she adds.
The company has also raised salaries to try to help recruitment, as well hold on to its current workers.
She says the ongoing vacancies are making it difficult for the company to take on extra work.
“We’ve become very lean. We’ve increased our efficiencies but there’s only so much we can do, and it really limits our ability to grow.”
The ONS data showed that while wages were seeing strong rises, they were still failing to keep with rising prices.
Regular pay – which excludes bonuses – grew at an annual rate of 5.4% in the June to August period, the ONS said, which is the strongest growth seen outside of the coronavirus pandemic period.
However, inflation – the rate at which prices rise – currently stands at a near 40-year high of 9.9%.
When taking the rise in prices into account, the value of regular pay fell by 2.9% in the three months to August, the ONS said.
Reacting to the figures, the Chancellor, Kwasi Kwarteng, said “the fundamentals of the UK economy remain resilient”.
“Our ambitious Growth Plan will drive sustainable long term growth, meaning higher wages and better living standards for everyone, and we are cutting taxes so people can keep more of what they earn,” he added.
How are you affected by the issues raised in this story? Tell us by emailing: haveyoursay@bbc.co.uk.
Please include a contact number if you are willing to speak to a BBC journalist. You can also get in touch in the following ways:
If you are reading this page and can’t see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at HaveYourSay@bbc.co.uk. Please include your name, age and location with any submission.
Global Herbal Supplements Market Size & Share To Surpass $124 Bn By 2028: Vantage Market Research GlobeNewswire
Global Herbal Supplements Market Size & Share To Surpass $124 Bn By 2028: Vantage Market Research – GlobeNewswire https://bentoncountynewsnow.com/global-herbal-supplements-market-size-share-to-surpass-124-bn-by-2028-vantage-market-research-globenewswire/
October 11, 2022 05:19 ET | Source: Vantage Market Research
WASHINGTON, Oct. 11, 2022 (GLOBE NEWSWIRE) — According to a report by Vantage Market Research, the Global Herbal Supplements Market was worth USD 70 billion in 2020 and is expected to be worth USD 124 billion by 2028, with a CAGR of 6.5% between 2021 and 2028. The report gives an in-depth look at the top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an important and helpful source of information for leading market players, investors, new entrants, and other stakeholders who want to make new plans for the future and take steps to strengthen their position in the market. in a report, titled “Herbal Supplements Market Size by Source (Leaves, Barks, Fruits & Vegetables, Roots), by Application (Pharmaceuticals, Food & Beverage, Personal Care), by Function (Medicinal, Aroma), by Form (Powder, Syrups, Oils, and Capsules & Tablets)by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).”
Get Access to the In-depth Free Sample Report @ https://www.vantagemarketresearch.com/herbal-supplements-market-1112/request-sample
Top Companies Profiles:
Archer Daniels Midland Company
Glanbia plc
Herbalife International of America, Inc.
Blackmores
Nutraceutical International Corporation
NBTY, Inc.
Arizona Natural Product
Ricola.
Market Dynamics:
Driver: Rising Consumer Awareness
Herbal supplements are used widely for properties such as, remedies and medicinal for various diseases from decades. People are inclining toward these herbal supplements owing to its health benefits across the globe. Herbal supplements are such substances which are non-pharmaceuticals and natural non-food and are used to enhance health. Herbal supplements come from plant materials and have noside effects or little. Herbal supplements demand is rising owing to their natural label, that attract the consumers, who wants to work on their health and are also health conscious. Furthermore, increased prices products such as medicinal and dietary will further drive the herbal supplements and remedies market growth globally.
Rapid surge in aging population, increase in health supplements consumption, focus on healthy living, and increase in shift toward precautionary healthcare fuels the market. Other factors, like, side effects associated with allopathic drugs and rise in demand for dietary supplements also drive the market growth.
Limited Time Offer | Buy this Premium Research Report with Exclusive Discount and Immediate Delivery@ https://www.vantagemarketresearch.com/buy-now/herbal-supplements-market-1112/0
Scope of the Report:
Report Attributes
Details
Market Size in 2022
$70 Billion
Revenue Forecast by 2028
$124 Billion
CAGR
6.5% from 2021 to 2028
Base Year
2021
Forecast Year
2022 to 2028
Key Players
• Archer Daniels Midland Company
• Glanbia plc
• Herbalife International of America, Inc.
• Blackmores
• Nutraceutical International Corporation
• NBTY, Inc.
• Arizona Natural Product
• Ricola.
Global Herbal Supplements Market Segmentation:
Source
Leaves
Barks
Fruits & Vegetables
Roots
Application
Pharmaceuticals
Food & Beverage
Personal Care
Function
Medicinal
Aroma
Important questions answered in this report:
What is the market volume for the global Herbal Supplements market?
What is the global Herbal Supplements market growth?
What are the global Herbal Supplements market drivers?
What are the key industry trends in the global Herbal Supplements market?
What is the impact of COVID-19 on the global Herbal Supplements market?
What is the global Herbal Supplements market breakup by product type?
What is the global Herbal Supplements market breakup by manufacturing process?
What is the global Herbal Supplements market breakup by application?
What are the major regions in the global Herbal Supplements market?
Who are the key companies/players in the global Herbal Supplements market?
Restraint: Lack of Skilled Force
Strict regulatory policy for herbal supplements and small acceptance by the consumers limit the market growth of Herbal Supplements. The factors like, regulatory impact of the Herbal Supplements Market on the future growth and the high cost while buying raw materials are some factors hampering the market overall. Lack of experts and manufacturing equipment are some other barriers for the Market. Nevertheless, establishment of CGMP (current good manufacturing practice) regulations by the U.S. Food and Drug Administration (FDA) offers various opportunities to the companies to R&D dietary supplements.
Browse market data Tables and Figures spread through 145 Pages and in-depth TOC on Herbal Supplements Market Forecast Report (2022-2028).
Regional Trends
Asia-Pacific is anticipated to rise at the fastest CAGR in the coming years. Consumer reliance on the efficacy and safety of herbal products, presence of a large aged population base, and new product launches along with rising exports of herbal products further drives the market growth in Asia Pacific.
Recent Developments
May, 2018: Genomatica and Bio-Botanica partner to build a new extract line. It will contain Genomatica’s elixir ingredient, Brontide, it is a butylene glycol which is derived from a renewable, sustainable sugar fermentation process and is manufactured using Bio-proprietary Botanica’s Bio-Chelation process to ensure the extracts contain as many naturally occurring materials as found in nature.
August, 2018: Archer Daniels Midland Company announced the successful completion of its acquisition of Probiotics International Limited, also known as Protexin, a UK-based provider of innovative research-based, natural healthcare and probiotic supplements for human, pet, and production-animal usage.
Jan, 2021: Herbalife launched a combination for converting meal replacement shakes into nutrient-dense baked pastries.
Read Full Research Report@ https://www.vantagemarketresearch.com/industry-report/herbal-supplements-market-1112
The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
Long Term Dynamics
Short Term Dynamics
The report on Herbal Supplements Market highlights:
Assessment of the market
Premium Insights
Competitive Landscape
COVID Impact Analysis
Historic Data, Estimates and Forecast
Company Profiles
Global and Regional Dynamics
Advantages of this Research:
Evaluate market share for commercial Herbal Supplements market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
Develop tactics and strategies to take advantage of opportunities in the Herbal Supplements market.
Latest Trends and Market Events and analyze essential events in Herbal Supplements market.
Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
Answer vital business questions; supports decision making in R&D to long term marketing strategies
Develop economic models, forecast models, and healthcare frameworks.
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us at sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
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About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market resea...
Reuters Sports News Summary – Devdiscourse https://bentoncountynewsnow.com/reuters-sports-news-summary-devdiscourse/
Following is a summary of current sports news briefs.
WTA roundup: Danielle Collins earns upset win in San Diego opener
Danielle Collins, in her first match since the U.S. Open, upset seventh-seeded Caroline Garcia of France 6-2, 7-6 (4) on Monday in the first round of the San Diego Open. Collins, a 28-year-old Florida native, reached her first Grand Slam final in January, when she fell to Ashleigh Barty for the Australian Open title. She made early exits at the French Open and Wimbledon before reaching the fourth round at the U.S. Open.
Baseball-Dodgers seek championship to enter dynasty discussion
The Los Angeles Dodgers enter the 2022 MLB playoffs on Tuesday hoping their spectacular regular season success will translate into post-season glory and that they can officially open up a dynasty discussion. The Dodgers won a franchise record 111 games this season to claim their ninth NL West title in 10 years behind outstanding play from Mookie Betts, Freddie Freeman, Trea Turner and more.
Tennis-Rubin comes up short in tennis, ready to walk tall in pickleball
Noah Rubin has been unable to hit the heights expected of him since winning junior Wimbledon in 2014 and the American says he has decided to swap his racket for a paddle to explore a career in the fast-growing sport of pickleball. Rubin, who stands 1.75m tall, said last month that he would take an indefinite break from tennis. He announced his pickleball switch on Monday, poking fun at his height in a video posted on Twitter.
Cricket-West Indies’ Campbell may appeal against doping ban
West Indies batter John Campbell said Jamaica’s anti-doping authority had not “properly notified” him about the collection of a blood sample and that he was considering an appeal against a four-year doping ban handed down to him. A three-member independent panel sanctioned Campbell for an anti-doping violation after the Jamaica Anti-Doping Commission (JADCO) charged him of evading, refusing or failing to submit to sample collection at his home in Kingston in April.
Bobsleigh-No slowing down for American Meyers Taylor after dazzling Olympics
The United States’ most decorated bobsledder Elana Meyers Taylor said she hopes to return to competition next year after a dazzling Beijing Games that many thought would be her swansong. Meyers Taylor, who turned 38 on Monday, produced one of the most impressive feats of the 2022 Games with her fourth and fifth medals – silver in mono bob and bronze in two-woman – after overcoming COVID-19, which she tested positive for on arrival.
Soccer-More than 1,300 fans banned from World Cup by UK Home Office
More than 1,300 fans from England and Wales with banning orders will not be allowed to travel to Qatar for this year’s World Cup, the UK’s Home Office has said. The new measures, which come into effect from Friday, prevent supporters with a history of soccer-related violence from making the trip to the sport’s showpiece event, which kicks off on Nov. 20 and runs till Dec. 18.
Motor racing-W Series cancels final races, Chadwick declared champion
The all-female W Series canceled its remaining three races in the United States and Mexico for financial reasons on Monday and declared Britain’s Jamie Chadwick champion for the third season in a row. The series had been due to support Formula One at next week’s U.S. Grand Prix in Austin, Texas, before ending its season with two races at Mexico City’s Autodromo Hermanos Rodriguez at the end of the month.
Golf-Johnson pockets $18 million as inaugural LIV Series champion
Twice major winner Dustin Johnson won $18 million after clinching the individual title in the LIV Series with a 16th-place finish at the latest event in Bangkok, Thailand, the Saudi-backed circuit said on Monday. The American, 38, shot a five-under-par 67 on Sunday to finish on nine-under par, leaving him with an insurmountable 42-point lead over Branden Grace of South Africa.
Motor racing-Red Bull, Aston Martin breached F1 cost cap rules in 2021
Formula One world champion Max Verstappen’s Red Bull team breached last year’s cost cap rules with a ‘minor overspend’, the governing FIA said in a statement on Monday. The team, set to win both 2022 titles after Verstappen secured his second driver’s crown in Japan on Sunday, were also in procedural breach and risk a fine and unspecified ‘minor sporting penalties’.
Tennis-Krejcikova back in business with victory over Swiatek
Czech Barbora Krejcikova edged world number one Iga Swiatek in the duel between French Open champions in Ostrava on Sunday to continue her late flourish in an injury-hit season. The 2021 Roland Garros winner reached the final of a WTA 500 event in Sydney at the start of the year and then carried on her strong form to make the quarter-final of the Australian Open.
(With inputs from agencies.)
X-Metaverse Partners With USM Metaverse CryptoNewsZ
X-Metaverse Partners With USM Metaverse – CryptoNewsZ https://bentoncountynewsnow.com/x-metaverse-partners-with-usm-metaverse-cryptonewsz/
X-Metaverse recently announced a strategic collaboration with the USM Metaverse. The collaboration will result in an X headquarters developed within the USMverse.
According to the latest tweet by X-Metaverse, its latest partnership has been established with RadioCacaNFT. The development will lead to a giveaway in the future, so users should follow its social media channels for the latest updates.
The gaming and DeFi ecosystem has been expanding its user base with new partnerships and collaborations. The platform joined hands with Mones, a F2P (free-to-play) fantasy RPG on the BNB Chain.
This partnership exposed X-Metaverse users to new gameplay while helping them connect with new players via social features. The player-ruled economy also presented an array of earning opportunities to users.
A few days before that, X-Metaverse joined hands with Assure, a Web3-based multi-chain cryptocurrency aggregation service provider. The collaboration resulted in the X-Metaverse dApp being added to the Assure ecosystem.
Similarly, USM.World has also been working on the partnership front to explore new opportunities. The platform initiated a collaboration with WOO Network Metaverse for deep liquidity. Their partnership also assisted WOO Network in launching a headquarters in the metaverse.
As the metaverse is gaining global recognition, partnerships like X-Metaverse and USM Metaverse are expected to lead the market. Their collaborative efforts will result in proposing high-quality services and results to users. That is why many industry experts and projects are eyeing to join the ventures in their endeavors.
Roxanne Williams
Roxanne Williams has recently joined as a market reporter for CryptoNewsZ – the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world’s leading cryptocurrencies.
5 Tech Gadgets To Buy For Daughters On Diwali (2022) Techthirsty
5 Tech Gadgets To Buy For Daughters On Diwali (2022) – Techthirsty https://bentoncountynewsnow.com/5-tech-gadgets-to-buy-for-daughters-on-diwali-2022-techthirsty/
Are you also thinking of buying a tech gadget for your daughter? Gifting your daughters, wives, and sisters on Diwali is an age-old tradition in Hinduism. With the advanced generation, this tradition has not changed but gift choices have changed. Nowadays not just men but women equally need gadgets to make their life easy. So, let us take you to 5 Tech Gadgets to Buy for Daughters on Diwali (2022). It’s a promise they will love your gifts.
FUJIFILM Instax Mini 11
If your daughter is an old soul, who loves crafts, diaries, and collecting memories but in an age-old manner. Then, why not give her an Instax camera from Fujifilm? Instant photographs collection will keep her artistic and old soul spark alive. Affordable and reliable happiness for your daughter. Hurry up, otherwise, you will miss out on Diwali memories being captured in the polaroid.
Specifications
Available in girly colors
Exposure Mode: Automatic
View Finder: No
Self-Timer: Yes
Battery Included
1-year warranty
Read More: 5 tech Gadgets to buy for her, this diwali
Philips heated straightening brush
It’s a lot of hassle for ladies to get ready for any occasion. Beauty parlors, makeup, or getting ready on their own, everything is tiring yet important and exciting for almost every female. This Diwali makes it easier for her to straighten her hair using a Philips Straightener brush with its Thermo protect technology. It’s a one-time investment rather than paying parlor fees. According to Philips straightener brush, content lead “Since your hair isn’t being clamped like with a traditional flat iron, it doesn’t tug or snag your hair, while the easy brush design means you can straighten the back of your head with ease.”
Reasons to buy
Effortless hair straightening
Heat protection/ maintains even temperature
Keratin-infused ceramic coating to smoothen and frizz-free your hair
Detangling your hair
Use it simply like a hairbrush
Note: Do not use it on wet hair.
Smartwatch for her
Yes, ladies are not behind anymore, when it comes to using technology they are also interested in taking its assistance in their life. If your daughter is a fitness freak, disciplined, and schedules everything to stay on track. The smartwatch is indeed a great gift for her. There are further two options on the list, decide according to your budget and preferences.
Apple Watch SE
She can pair it with her iPhone. It will track her daily activities, can observe fitness trends on her iPhone, and set goals for herself.
Reasons to buy
Available in girly colors
Tracks fitness and sleep
Can pair it with her iPhone
Round Dial Smart Watch
FitShot Curl Smartwatch is an affordable option for those who do not own an iPhone. All that matters is fitness tracking, stylish and girly appearance, and technology assistance.
Reasons to buy
Affordable, aluminum alloy body, classic analog design, and the curved glass display
Tracks breath mode, blood pressure, sleep mode, steps check, stress, heart rate, and blood oxygen
Round dial with 1.28 lucid display
15 days battery life and remote camera
Read More: Get These Cool Gadgets If You Are Building a New Home
Wireless juicer or blender
Surprise her with a wireless juicer and make her nutrition goals even easier. If your daughter loves homemade healthy food, she will love this gift from you. These juicers can prepare any juice in 10 seconds, that too anytime anywhere. Making it easy for her to get instant nutrition after her gym or yoga class, without having to worry about fresh juices.
Reasons to buy
Commes in bottle size, so convenient and portable
Can prepare fruits, vegetables juices, and smoothies
Effortless usage and cleaning
Prepares digestible fruits by mixing fruits 10 times more than usual
380 ml capacity, so provides an abundant amount for one time.
Electric Gua Sha for Face Massage
No wonder, almost every female loves to take care of her beauty. If your daughter is also on them, she loves to take care of her body, beauty, and skin. Then, electric gua sha is indeed a great idea. Perfect tech gadget for those who wish to alleviate eye bags, lift and tighten skin, lessen facial edema, dilute fine lines, scrap, or enjoy massage. It can enhance skin elasticity, and deep wrinkle removal, improve rough skin and make skin bright and healthy.
Reasons to buy
mild micro and heat technology rebuilds collagen, improves microcirculation, tightens loose skin and pores
improves the absorption of skin care products, due to open pores because of heat technology
USB charging, smart touch, light size, portable and convenient for use
Other than massage, it can be used for cleaning, collaterals, and circulation
makes you look younger and your skin healthier by delaying the ageing process
hydrates the skin, reduces wrinkles, aging spots
can be used as a facial cleanser, relieves pain and facial fatigue
Wrap-Up
These were the 5 Tech Gadgets to Buy for Daughters on Diwali (2022). Hopefully, you loved the ideas. Keep your daughter and her lifestyle in your mind and you will give her exactly what she will love to have. Now don’t waste your time and get your hands on the best Diwali sale offers available online. We have some sure-shot tricks to help you make the most profit from the Diwali sale.
Dogecoin SHIB Post More Losses As Crypto Market Sheds $11B Overnight Decrypt
Dogecoin, SHIB Post More Losses As Crypto Market Sheds $11B Overnight – Decrypt https://bentoncountynewsnow.com/dogecoin-shib-post-more-losses-as-crypto-market-sheds-11b-overnight-decrypt/
Shiba Inu (SHIB) fell 4.5% over the past 24 hours and is now trading hands at $0.00001032, slightly recovering from the daily low of $0.00000998 seen earlier on Tuesday, according to CoinGecko.
The popular meme coin’s downwards price action comes amid the broader crypto market slump, which saw the cumulative value of all digital currencies fall 2.2% over the day to the current level of $960 billion.
SHIB was among the six new assets included in the forthcoming listing by cryptocurrency exchange BitMEX, with trading slated to commence later this week.
However, as the charts show, the announcement failed to boost the price of the industry’s 13th-largest cryptocurrency. Over $1.6 million in SHIB trades have been liquidated over the past 24 hours, predominantly from short positions, according to data from Coinglass.
Looking at the bigger picture, it’s been almost a year since the historic meme coin craze saw the asset hit an all-time high of $0.00008616.
Today—much to the investors’ dismay—the coin is trading down 88% from its historical record, and down about 60% since the start of the year.
DOGE follows the downtrend
The leading meme coin, Dogecoin (DOGE), is meanwhile down 1.8% over the day and currently trades at around $0.0593, data from CoinGecko shows.
With a market capitalization of $8.1 billion, DOGE now is the 10th-largest cryptocurrency.
The meme coin saw some positive price action last week after news broke that Tesla billionaire owner Elon Musk agreed to purchase Twitter on the deal’s original term, however, is still down 8.5% over the past month, and almost 75% since the beginning of January.
Elsewhere in the market, Bitcoin (BTC) fell close to $19,000 in the early hours on Tuesday before recovering to $19,117 by press time.
Ethereum (ETH) is meanwhile down -1.1% over the last trading, changing hands at $1,285.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Hong Kong Nixes US Sanctions On Russian-Owned Superyacht KY3
Hong Kong Nixes US Sanctions On Russian-Owned Superyacht – KY3 https://bentoncountynewsnow.com/hong-kong-nixes-us-sanctions-on-russian-owned-superyacht-ky3/
HONG KONG (AP) — Hong Kong’s leader John Lee said Tuesday he will only implement United Nations sanctions, after the U.S. warned the territory’s status as a financial center could be affected if it acts as a safe haven for sanctioned individuals.
Lee’s statement Tuesday came days after a luxury yacht connected to Russian tycoon Alexey Mordashov docked in the city.
Mordashov, who is believed to have close ties to Russian President Vladimir Putin, was sanctioned by the U.S., U.K. and the European Union in February after Russia’s invasion of Ukraine. Hong Kong authorities have said that they do not implement unilateral sanctions imposed by other governments.
“We cannot do anything that has no legal basis,” Lee told reporters. “We will comply with United Nations sanctions, that is our system, that is our rule of law,” he said.
A U.S. State Department spokesperson said in a statement Monday that “the possible use of Hong Kong as a safe haven by individuals evading sanctions from multiple jurisdictions further calls into question the transparency of the business environment.”
The State Department spokesperson also said the city’s reputation as a financial center “depends on its adherence to international laws and standards” and that U.S. companies “increasingly view Hong Kong’s business environment with wariness” due to an erosion of Hong Kong’s once high degree of autonomy and its freedoms.
The $500-million superyacht Nord, allegedly owned by Mordashov, moored in Hong Kong’s harbor on Wednesday following a weeklong journey from the Russian city of Vladivostok.
Mordashov is one of Russia’s richest men, with an estimated wealth of about $18 billion. He also is the main shareholder and chairman of Severstal, Russia’s largest steel and mining company. Mordashov has tried to challenge the sanctions against him in European courts.
U.S. and European authorities have seized over a dozen yachts belonging to sanctioned Russian tycoons to prevent them from sailing to other ports that are not affected by the sanctions. So Russian oligarchs have begun docking their yachts at ports in places like Turkey, which has maintained diplomatic ties with Russia since the war began.
The Nord measures 141.6 meters (464.6 feet), has two helipads, a swimming pool and 20 cabins. It is operating under a Russian flag.
Beijing sets foreign policy for Hong Kong and has demurred from participating in sanctions against Russia for its attack on Ukraine.
Britain handed control over its colony Hong Kong to China in 1997, promising to respect its semi-autonomous status as a separate economic and customs territory. The semi-autonomous city’s status as an international business hub and financial center has suffered in recent years after Beijing imposed a tough national security law on the city, aimed primarily at stamping out dissent following months of antigovernment protests in 2019.
Critics say the security law, which in certain cases allows for suspects to be transferred to mainland China for trial in its opaque legal system, could threaten Hong Kong’s rule of law.
Following passage of the law in 2020, the United States sanctioned Lee, then Hong Kong Chief Executive Carrie Lam and other Hong Kong and mainland Chinese government officials, for “undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly.”
Lee blasted the ban on personal and official travel to the U.S. and access to the American financial system.
He was responding to a question of whether he is paid in cash, as was the case for Lam, who was also placed under U.S. sanctions that limit the ability of those designated for such penalties to transfer funds across national boundaries or convert them into different currencies.
“The second thing about the so-called sanction imposed on people in Hong Kong without justification, it is a very barbaric act, and I’m not going to comment on the effect of such barbaric act, because officials in Hong Kong do what is right to protect the interests of the country, and the interests of Hong Kong, so we will just laugh off the so-called sanctions,” Lee said.
Copyright 2022 The Associated Press. All rights reserved.
