Business

Walter White / May 01,2020

A few weeks ago, they were engineers, chefs and waitresses. Now they’re farming

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The British government wants you: To cut lettuce from the fields, pick berries from the bushes and load boxes of fresh produce into cold storage warehouses.

While many people hunker down at home, reloading the internet sites of grocery stores to secure a home delivery slot or dreading the socially distanced, masked visit to a supermarket, it’s easy to lose sight of the supply chain and where that food is coming from.

As Covid-19 cases surpass 170,000 in the United Kingdom, British farmers are facing spring cut off from the Eastern European migrant workers that make the harvest possible. But with thousands of Brits laid off or furloughed, the UK government now says its official policy is to try to get locals onto the fields.

“We estimate that probably only about a third of the migrant labor that would normally come to the UK is here,” George Eustice, the environment secretary and top British official on farming, said at press conference on Sunday. The government would work with farms to “encourage those millions of furloughed workers to in some cases consider taking a second job, helping get the harvest in in June.”

Back to basics. The “blitz spirit.” A nationwide effort to bind together wounds, not far off from the World War II campaign that carried the nation through the relentless German bombing campaign of 1940 and 1941.

Back breaking work

At the crack of dawn on a farm in Kent, southeast England on Monday, a group of six woman are dressed in an idiosyncratic mix of T-shirts and down jackets. Bent double at the waist, they cut lettuce after lettuce from the earth, trimming leaves and then packing them onto pallets.

Farm director Nick Ottewell, affable and full of nervous energy, looks on.

Walter White / March 22,2020

New Coronavirus Legislation May Introduce a Digital Dollar

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Democrats in U.S. Congress have drafted two stimulus bills which recommend the creation of a digital dollar as part of broader COVID-19 stimulus plans.

The relevant bills are the Take Responsibility for Workers and Families Act and the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act.

What the Bills Propose

Both bills suggest sending stimulus payments to qualified individuals affected by COVID-19 shutdowns.

The relevant sections propose giving monthly payments of $1,000 to minors and $2,000 adults. This will be decided based on national unemployment rates and individual income.

The same amounts with similar eligibility criteria of a permanent employment and minimum monthly income can be obtained with short-term Payday Loans online. They seem to be really helpful in case of emergency, such as Coronavirus for example. But it's recommended to study the Payday Loan Legislation at first and be careful to apply for the cash advance online.

If the digital dollar is introduced, it will be distributed through the traditional banking system.

Additionally, the U.S. Postal Service will allow “unbanked” users who do not have eligible IDs to receive the digital dollar through specialized ATMs in post offices.

Technical Details

The proposed digital dollar will not be represented on a blockchain or decentralized ledger.

Walter White / March 22,2020

Cash Crisis: National Currencies Plunge in the Wake of Coronavirus

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Cash Crisis: National Currencies Plunge in the Wake of Coronavirus

 National Currencies Plunge in the Wake of Coronavirus

Fiat currencies across the globe have experienced sharp declines in the wake of the coronavirus panic, with the Norwegian Krone falling over 30% lately last week. The Mexican peso and Australian dollar trailed close behind over the same period, with multiple fiat currencies also taking a nosedive. Though USD remains strong, some speculate this is due to flight from other markets, and that the bastion of fiat strength might not be able to withstand endless printing and reckless credit creation of QE much longer.

Also read: The Multi Trillion-Dollar Stimulus Package: These Are the US Corporations Begging for Bailouts

‘Unlimited Money’

Announcing an open-ended QE program Monday for unprecedented asset purchasing, the U.S. Federal Reserve has pledged to purchase assets “in the amounts needed,” signaling the beginning of a virtually unlimited easing effort which will include moving into corporate bonds for the first time.

As lockdown orders, enforced business closures and travel bans continue to wreck economies, world currencies are reeling from the massive shock spiked by coronavirus panic and containment measures. The Fed and other central banks of the world may have their eyes on unlimited support, but many fiat currencies are telling a different story.

Walter White / March 22,2020

Australian shares jump on Fed’s QE boost, NZ posts record daily gain

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* Benchmark recovers from over 7-yr low hit on Monday

* RBA injects $4 bln liquidity into financial system

* Miner Rio Tinto flags hit to operations in S.Africa, Canada

* NZ benchmark up 7.2%, biggest daily gain ever (Updates to close)

March 24 (Reuters) – Australian shares jumped more than 4% on Tuesday, bouncing back from sharp falls in the previous session as investors cheered massive support measures from the U.S. Federal Reserve to temper the economic damage from the coronavirus pandemic.

The Fed on Monday promised unlimited asset purchases to support markets pummelled by widespread restrictions to arrest the virus outbreak, adding it will “soon” roll out credit programs to small and medium-sized business.

The S&P/ASX 200 index gained 4.2% to end at 4,735.70, recovering from a 5.6% drop on Monday.

“The Fed came out with unlimited quantitative easing and that is a positive in these markets. We are bouncing … but not sure that will hold,” said Mathan Somasundaram, a market portfolio strategist at Blue Ocean Equities.

Australia has imposed strict new lockdown rules as reported infections neared 2,000, with most states closing their borders to travellers from other parts of the country.

The heavyweight financials sub-index advanced 4.7%, with top lender Commonwealth Bank of Australia jumping 5.1% and Westpac Banking Corp gaining 2.9%.

Further boosting risk sentiment, the Reserve Bank of Australia pumped A$6.88 billion ($4.03 billion) into the financial system through its regular repurchase agreements, more than its original intention of A$1.48 billion.

Walter White / February 17,2020

7 Tips for Getting a Product on Shark Tank

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Growing up in San Diego, California, I was unprepared for how mosquitos would impact my family’s quality of life when we relocated to South Florida. My young daughter and I were constantly suffering from mosquito bites and none of the post-bite treatments available on the market were effective.

Determined to find a solution, I spent time investigating how other countries were combating insect bites and I discovered a product that uses suction to eliminate the irritant rather than applying creams or harsh chemicals. I was amazed to find that the product not only worked, but it also offered instant relief for me and my daughter.

Knowing that the product was life-changing for my family, I became a “mom on a mission” to make the product readily available for other families. After testing the market and receiving positive feedback from customers, I knew I had a winning product.

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In order to take the Bug Bite Thing to the next level, I partnered with my mother, a successful entrepreneur. Together, we became a powerhouse mother-daughter team with experience and drive. That drive landed us the chance to appear on “Shark Tank” to pitch to the judges, an opportunity that we welcomed in order to hopefully secure funding to keep up with our demand.

When we appeared on “Shark Tank,” to our amazement, we had all the Sharks biting with offers, but we decided to strike a deal with Lori Greiner, who offered us her Golden Ticket. My mother and I have received many inquiries asking how we made it on the show and how we prepared, so we compiled a few tips for entrepreneurs looking to take a similar path.

Walter White / January 20,2020

Global Smartphone Market to Grow by 64 mn Units in 2020-24

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Global Smartphone Market to Grow by 64 mn Units in 2020-24

Riding on the Artificial Intelligence (AI)-enabled features, the global smartphone market is expected to grow by 64.05 million units during 2020-2024, a new report said on Wednesday.

According to London-based market research firm Technavio, the consumer’s shift to online purchases will have a positive impact on the market and contribute to its growth significantly over the forecast period.

“Online smartphone sales contributed to around 50 per cent of the total sales in India as of April 2019 because many major e-commerce vendors such as Amazon and Flipkart are promoting multiple brands of smartphones,” said the report.

In addition, online distribution channel requires limited investments and eliminates additional costs for the seller as well when compared to the offline channel.

The online sales volume of smartphones is increasing due to factors such as wide assortment of products, convenience, and the availability of products at special prices and discounts.

Global Smartphone Market to Grow by 64 mn Units in 2020-24As an industry leader in innovation, OPPO has invested heavily in the development and research of 5G smartphones. Wikimedia Commons

“This is expected to further increase the variety and number of products available over the online channel. All these factors are expected to showcase a positive outlook for the market over the forecast period,” the report added.

AI is gaining traction in the smartphone industry as it has transformed the way consumers interact with technology.

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