Danielle RochetteAPTN National NewsMillions of dollars of new money will soon be available to help the growing urban Indigenous population in Quebec.On Monday, the province announced the money that will help provide services in urban email@example.com
NEW DELHI – Officials say nine protesters were killed when police opened fire on demonstrators demanding the closure of a south Indian copper plant.Thousands of protesters turned out Tuesday amid months of rallies against the Sterlite copper smelting plant, which demonstrators say has polluted the area’s groundwater.Media reports from the town of Tuticorin say that pushing and shoving between protesters and police turned more violent Tuesday, with demonstrators pelting police with stones, overturning cars and setting fires.The top official in Tamil Nadu state, K. Palaniswami, said police “had to take action under unavoidable circumstances to protect public life and property.”Sterlite Copper has requested government approval to expand its immense plant in Tuticorin. Sterlite is a unit of the firm Vedanta Ltd.
CHARLESTON, W.Va. — The Federal Communications Commission’s broadband report is being hammered by critics who say it paints too rosy a picture of high-speed internet availability in the U.S.U.S. Sen. Joe Manchin of West Virginia joined two dissenting FCC commissioners in criticizing the report released Wednesday.The FCC’s annual Broadband Deployment Report says the country’s digital divide has “narrowed substantially,” with the number of Americans without broadband dropping more than 18%, to 21.3 million people, between 2016 and 2017.The commission’s two Democrats issued dissenting statements along with the report that said it was at odds with the reality of internet availability on the ground. Manchin offered a similar critique relating to West Virginia.The FCC’s data collection methods have been routinely labeled as flawed .The Associated Press
The 39 year old Chinese man had arrived from Shanghai when he was detained while attempting to smuggle gemstones into Sri Lanka. (Colombo Gazette) Customs officers at the Bandaranaike International Airport (BIA) arrested a Chinese national with 12 gemstones.The Customs department said that the gemstones were valued at approximately Rs 21 million.
The latest refugees from five villages crossed the border at Kaba and arrived in Bekoninga, a village 35 kilometres from Goré, the main town in southern Chad. They talked of children having been kidnapped for ransom, repeated attacks by armed groups, summary executions, house burnings, and violent CAR military search operations in their villages, according to the United Nations High Commissioner for Refugees (UNHCR).They also complained of victimization by all sides in increasingly lawless in the northern part of their home country.UNHCR relocated a first group of 516 refugees, grouped into 98 families, to Gondjé refugee camp yesterday, bringing the number of refugees there to more than 3,000. The agency is scheduled to relocate a further 500 refugees on the Chadian side of the border next week.Since last June, more than 11,000 refugees from CAR have crossed into southern Chad because of the continuing insecurity.UNHCR is also taking care of more than 200,000 refugees from Darfur in 12 refugee camps in eastern Chad.
(iStock image) OTTAWA – The Trudeau government is introducing the second budget of its mandate today. Here are five things to look for:1. Will the government provide a timeline to bring the country’s books to balance?The Liberals won the 2015 election on a platform that vowed to invest billions in measures like infrastructure and child benefits as a way to re-energize Canadian growth. They planned to run deficits to finance the investments, but promised annual shortfalls would not surpass $10 billion during the first couple years of their mandate. The Liberals also vowed to return to balance by 2019-20. Since taking office, however, the government abandoned those promises, citing a weaker-than-expected economy. Last fall, Finance Minister Bill Morneau’s fiscal statement projected a string of double-digit deficits until at least 2021-22, starting with a $25.1-billion shortfall in 2016-17. Many economists have been urging the government to map out a timetable to eliminate the deficit. Morneau has instead focused on another so-called fiscal anchor, promising to lower the country’s debt-to-GDP ratio — a measure of the public debt burden — by the end of the Liberal mandate.2. If Canada’s staying in deficit mode, how big will the shortfalls be?Morneau has projected annual shortfalls across his outlook, but it remains to be seen how those predictions have evolved since his last update in November. Much has changed since then. The Canadian economy delivered a surprise in the final months of 2016 with growth that easily surpassed forecasts. The economic momentum has continued through the first months of 2017, with unexpectedly strong performances in key areas like trade, labour and housing. Economists have translated these promising indicators into more robust growth projections. Some experts are now predicting smaller deficits for the next couple of years; indeed, some believe the economy has improved so much since January that the forecast in Morneau’s budget could be needlessly pessimistic, making it easier to beat those lower fiscal expectations down the road. Another key consideration is the potential impact of U.S. economic proposals, many of which could have major consequences for Canada. Those factors, however, have largely been left out of economic projections because the Trump agenda remains uncertain.3. Will Ottawa re-introduce a contingency reserve?Federal governments have long used accounting actions to set aside funds for emergencies. In recent years, the so-called contingency reserves have ranged from $1 billion to $6 billion per year. Last fall, the Liberal government removed the $6-billion annual risk adjustment that it introduced earlier in 2016 to cover unexpected problems. A government can also give the public a fresh look at its fiscal trajectory by tweaking the accounting buffers; Ottawa’s deficit figures appeared slimmer last fall after it was eliminated. With so many unknowns tied to potential policy moves in the U.S. on taxes and trade, some economists predict the government will re-introduce a contingency reserve to provide a cushion for Canada’s books.4. What will be the scope of the feds’ tax-expenditure review?Morneau launched a comprehensive review of the tax system last June that enlisted seven experts to advise him on how he should proceed. During the election campaign, the Liberals vowed to undertake a broad review of existing tax expenditures as a way to find $3 billion per year in new revenue by 2019-20. The Liberals said their aim was to reduce tax benefits for the rich. But since the election of U.S. President Donald Trump, Ottawa is expected to proceed with caution. The Trump administration has indicated it wants to slash personal and corporate taxes in the U.S., which many fear would put Canada at a significant competitive disadvantage with its top trading partner. Experts have called on Ottawa to wait to see what Washington does before introducing major tax changes of its own in Canada. Sources say the review process is ongoing, meaning the budget will not include the full range of tax changes. However, the budget is expected to contain at least a few smaller tax adjustments.5. How will the budget address gender gaps?Morneau has promised to run his budget through a gender-based analysis and to publish the results. Such a tool would be expected to explore how a given budget measure might have different impacts on men and women as well as boys and girls. These studies also consider age, income, culture, ethnicity and other factors. This year’s analysis is expected to examine how some of the big budget themes will affect genders. It’s also expected to lay the foundation for a more in-depth process next year. Morneau’s department plays a special role in gender-based analysis. Not only does it look at its own policies through this lens, it also reviews how other departments examine budget proposals before they are sent to Morneau’s office.— Follow @AndyBlatchford on Twitter Five things to look for in the Trudeau government’s second budget by Andy Blatchford, The Canadian Press Posted Mar 22, 2017 2:30 am MDT Last Updated Mar 22, 2017 at 5:16 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email
MPP Jim Bradley visited Brock on Aug. 27 to announce $727,012 in research funding and speak with Brock researchers. Shown from left are Physics professor Fereidoon Razavi; Ian Brindle, Vice-President Research; Rick Cheel, Interim Dean of Mathematics and Science, and Bradley.The province has awarded $727,012 to support five Brock research projects to do with aging, human health and materials science.The funding, which comes from the Ministry of Research and Innovation, allows Brock researchers to buy the necessary equipment to conduct their work. Estimates show that every dollar invested in research yields more than $7 in economic benefits.“Today’s announcement is yet another confirmation of our government’s strong commitment to supporting the research community at Brock University and further bolstering our knowledge-based economy here in Niagara,” said Jim Bradley, St. Catharines MPP and Minister of Community Safety and Correctional Services, when he made the funding announcement at Brock on Aug. 27. Bradley also met with several of the researchers.Ian Brindle, Vice-President Research, said the funding is “invaluable.”“Research that is enabled by this funding will allow our researchers to make huge strides in a wide range of areas that will help improve health and facilitate new discoveries to be made in materials science,” he said.The researchers and their awards include:Catherine Mondloch, professor, Psychology, $170,790 for “The development of face perception”Fereidoon Razavi, professor, Physics, $245,850 for “The Physical Property Management System (PPMS) for research on electronic and magnetic properties of materials and thin films of compounds”Sidney Segalowitz, professor, Psychology, $35,965 for “Neurovisceral models of mental health and personality”Ayda Tekok-Kilic, assistant professor, Child and Youth Studies, $125,617 for “An electrophysiological approach to the developmental trajectories of working memory functions”Craig Tokuno, assistant professor, Physical Education and Kinesiology, $148,790 for “Establishment of the Balance and Gait Laboratory to investigate the neural strategies used for postural and locomotor control”The funding comes from the Ontario Research Fund — Research Infrastructure Program.
FLOWERY BRANCH, Ga. — The Falcons have lost another player to a season-ending injury.Long snapper Josh Harris becomes the eighth Atlanta player to land on injured reserve. The team announced Tuesday that he’s done for year because of a hip injury.Longtime Oakland long snapper Jon Condo was signed by the Falcons. The 37-year-old played 11 years for the Raiders, making two Pro Bowls as a special teams player before he was let go after the 2017 season.The Falcons also promoted defensive lineman Justin Zimmer to the active roster, waived safety Keith Tandy and signed receiver Julian Williams to the practice squad.Atlanta (4-8) is mired in a four-game losing streak and essentially eliminated from the playoff race.___For more AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFLThe Associated Press
In a move that surprised many, the New York Jets on Wednesday fired general manager Mike Maccagnan and named head coach Adam Gase as the team’s interim GM. The timing was unusual in that Maccagnan just last month had job security enough to oversee the team’s draft, including the selection of the third overall pick in defensive tackle Quinnen Williams. Maccagnan was likewise given the freedom to spend $125 million in free agency this offseason, which included paying for easily replaceable production by signing former Pittsburgh star Le’veon Bell at running back. Maccagnan was also reportedly instrumental in hiring Gase, a decision that may have ultimately led to his ouster.Maccagnan’s fall from grace was precipitous. He was named executive of the year by the Pro Football Writers of America for the 2015 season, his first as Jets GM. That season, he helped shepherd the Jets to a 10-6 record, coming up a win short of the playoffs. Now, less than four years after being recognized as the top executive in the league, Maccagnan is unemployed.But perhaps we should have known his days were numbered when he won that award. Shockingly, this honor has become the front office equivalent of the Madden curse. Seven of the past 10 award winners have been fired. Of the three winners who still have jobs, one — Jerry Jones — is an owner who is unlikely to fire himself, and the other two are the most recent recipients: Howie Roseman in 2017 and Chris Ballard in 2018. 2013John DorseyKansas City ChiefsFired June 22, 2017 SeasonGMTeamStatus Source: Pro Football Writers of America 2014Jerry JonesDallas CowboysOwner 2018Chris BallardIndianapolis ColtsActive 2009Bill PolianIndianapolis ColtsFired Jan. 3 2012 2015Mike MaccagnanNew York JetsFired May 15, 2019 2011Trent BaalkeSan Francisco 49ersFired Jan. 1, 2016 2016Reggie McKenzieOakland RaidersFired Dec. 10, 2018 2017Howie RosemanPhiladelphia EaglesActive 2012Ryan GrigsonIndianapolis ColtsFired Jan. 21, 2017 For the seven fired GMs, the average time from winning executive of the year to being unemployed works out to a brisk 1,122 days, or just over three years. Former Colts’ GM Bill Polian leads the seven in time served, with a 12-year run with the Colts and 22 years total as an NFL executive prior to winning a record fifth executive of the year award in 2009. He stepped down as GM after the 2009 season but remained vice chairman of the team, and then he began the decade of despair by getting unceremoniously fired — along with his son, who succeeded him as GM — two years later.It’s interesting to note that the longest-tenured GMs in the NFL who aren’t also owners — the Patriots’ Bill Belichick and the Steelers’ Kevin Colbert — have never won the award. Neither has Washington’s on-again, off-again GM Bruce Allen, and he’s been able to hold on to a spot in the organization for the past nine years. Perhaps owners and league observers are giving GMs both too much credit when things go well and too much blame when things come up pear-shaped. Half of the honored executives during the past decade worked as GMs of the Colts and the Chiefs, suggesting that the teams they inherited might have been just as important to their success.Often, GMs on the list rose and fell based on the fortunes of their head coaches or quarterbacks. San Francisco’s Trent Baalke won the award while paired with head coach Jim Harbaugh, who would take the Niners to the brink of Super Bowl glory. But Harbaugh departed for Michigan, and Baalke was quickly dismissed after he hitched his wagon to a sweaty and confused Jim Tomsula and the ghost of Chip Kelly. Indianapolis’s Ryan Grigson, gifted the first overall pick in his rookie year as a GM, took an absolute no-brainer in quarterback Andrew Luck and reaped the benefits for five years, posting a record of 52-34 as a GM before being fired.The reigning executive of the year, Chris Ballard, might be an exception. Ballard worked under fellow award winner and former mentor John Dorsey in Kansas City. Dorsey was fired soon after Ballard left for Indianapolis, and some insiders have pointed to Ballard’s management acumen and attention to detail as something Dorsey leaned on and was unable to replicate in Ballard’s absence. Dorsey landed on his feet in Cleveland, however, and he inherited both the first and fourth overall picks in the 2018 draft, setting himself and his team up for success.If Maccagnan has an opportunity at a second act as an NFL GM, he should probably follow in the footsteps of Baalke and Dorsey and seek out a team with a good coach and a high draft pick. Then he should probably pray that he never wins another executive of the year award. 2010Scott PioliKansas City ChiefsFired Jan. 4, 2013 Is this award cursed?Employment history of the winners of the past 10 awards for the NFL executive of the year from the Pro Football Writers of America
Urban Meyer smiles at a press conference after the Fiesta Bowl. Credit: Lantern File Photo.Every head coach in the NCAA has gotten his start somewhere, whether it be with a Power Five school, in a lower division or with a high school from across the nation. For Ohio State coach Urban Meyer, the college where he got his start as a head coach will be his first opponent of the season.The Buckeyes will be facing off against the Bowling Green State University Falcons to kick off the 2016 season. While there is a stark difference in the Associated Press rankings for both teams (OSU comes in ranked sixth in the nation while BG sits well-outside the top 25 at No. 93), the game is more to Meyer than just a test against an unranked opponent.In his opening statement at Monday’s press conference, Meyer had nothing but praise for his former team.“I want to say a couple of things also about a great school we’re playing this week, Bowling Green,” he said. “Paul Krebs, a former Buckeye, was an assistant AD who hired me — what was it — in 2001. And I took the job at Bowling Green. I wasn’t sure what to do, and I took home the media guide.”Although it took some time to adjust to the pressures of leading a Division I team, Meyer enjoyed a high level of success with the Falcons.In the year prior to his arrival, Bowling Green had finished the season 2-9, which was the sixth year in a row the team finished below a .500 winning percentage.“It’s one of the really neat experiences, zero expectations,” Meyer said. “And that’s, obviously, you don’t experience that much anymore.”Regardless of the lack of expectations when he arrived, the team turned around immediately. In the two years Meyer was at the helm, the team finished 8-3 and 9-3, respectively.In his first year, Meyer was named the Mid-American Conference coach of the year. Before he started in his first head coaching position, the Ashtabula, Ohio, native realized many fans were far from optimistic, a reflection of the early rankings of the 2001 season.“I think we were 129, or 119 or something like that. That was our ranking,” Meyer said. “I thought, ‘You have to be blanking me’ when I saw that. I didn’t know there were 129 teams or 119 times, 120 teams.”To start the season, Bowling Green faced Missouri in 2001. The Tigers were in a similar scenario as the Falcons. After a string of disappointing performances, they were under the direction of a new coach, Gary Pinkel.Even though the Tigers had finished 3-8 in the year prior, a mere one game better than the Falcons, Meyer was wary of how his first game at the helm of a college team would go.“We sat there. I looked at Shelley, ‘What if we lose every game we play, because who knew?’ She said, ‘I bet you win tomorrow.’ I looked at her, and I said, ‘We have no freaking chance of winning this game tomorrow,’” Meyer said. “Something happened in the middle of the night. I remember waking up, our staff and our players thought they’d win it, and they did.”The trip down memory lane for Meyer brought a smile to the Buckeyes’ coach during the presser. Although the team across the field of the Scarlet and Gray on Saturday will be approached as an adversary, there is more behind the matchup than just the previews and the box score.OSU is scheduled to face Bowling Green on Saturday at noon in Ohio Stadium.Correction 9/3: Original edition of the article listed Meyer as a native of Toledo. He is a native of Ashtabula, Ohio.
Mining3 says an innovative tramp metal detection system – built into the bucket of mining equipment – is nearing commercialisation.The company has been working on the new technology over the past few years subsequent to safety concerns and crusher damage caused by tramp metal such as bucket teeth, drill bits, tools and more, often remaining in mined material, it said. This can cause a loss of production and pose a significant safety threat to operators and maintainers.Mining3 is working with Weir ESCO, an equipment metal parts manufacturer, for the incorporation of the uncrushables technology into its bucket design and will facilitate the commercialisation of the technology, Mining3 said.“With the new patented uncrushables detection system, obstructive tramp metal can be identified and diverted before reaching the processing plant,” Mining3 said. “A pulse induction metal detector embedded inside the large steel bucket of a digging machine takes on the difficult task of detecting metal items scattered throughout the material. The system’s variable sensitivity is tuned for an object’s target size, focusing on larger, more obstructive uncrushables and allowing for the removal of smaller items further down the processing line. Further, the detection algorithm accommodates changes in ore grade and identifies the type of object.”When metal is detected, the operator is alerted in real time, allowing for the necessary next steps – usually the dumping and diverting of the material, Mining3 said. In addition to the operator alert, the system integrates into a control centre interface and allows remote management and monitoring of the process.The tramp metal detection approach requires minimal sensing equipment in the bucket and commercial versions will discreetly integrate the coil into the design, according to Mining3.Successful site trials have led the project to integrate with larger and more technical machinery. Current prototypes are installed on Komatsu WA1200, Cat 992K, 993K and 994K machines operating on run-of-mine stockpiles in iron ore, gold and copper mines across the globe. Mining3’s research is now focused on deployability, robustness and optimisation, it said.
Huzurabad: Karimnagar Zilla Parishad Chairperson Kanumalla Vijaya said the government is providing financial aid to the poor for medical treatment.She handed over a cheque for Rs 55 lakhs from CM Relief Fund to about 160 beneficiaries at the camp office of Health Minister Eatala Rajendar in Huzurabad on Tuesday. Speaking on the occasion, she said that the government is putting a lot of effort on every individual’s health care as part of Bangaru Telangana initiative. Health Minister E Rajender is striving to make corporate medical care available to every poor in Government Hospitals. He conducted review meetings on the management of government hospitals across the State and on providing good medical care in the hospitals, she added. Also Read – Warrant issued against Renuka Chowdhury in cheating case Advertise With Us Meanwhile, the TRS government, which had already made revolutionary changes in education sector, is giving top priority to medical care, Vijaya said. She added that the only aim of the government is to provide expensive medicinal care to the weaker sections present across the State. TRS State assistant secretary Banda Srinivas, Huzurabad MPP Irumalla Rani Surender, ZPTC Bakka Reddy, TRS Urban president Kolipaka Srinivas and former chairman of Jammikunta Market Committee Pingali Ramesh were also present.
At least two people were killed and 20 others injured when a bus plunged into a roadside ditch in Kushtia’s Kumarkhali upazila on Wednesday afternoon, reports UNB.The deceased were identified as Nayon Hosen, 32, the driver of the bus, son of Mizanur Rahman of Jagannathpur village in the same upazila, and Zafor, the helper.Witnesses said, the accident took place around 2:30pm when a Douladia bound bus lost control over the steering near at Mas-Ud-Rumi Bridge in Lahinipara area and overturned into the ditch, leaving the duo dead on the spot and 20 others injured.The injured were taken to Kushtia General Hospital and the dead to its morgue for autopsy, said officer in charge of Kumarkhali police station Abdul Khalek.One of the injured is in critical condition, according to the physician on duty.
Authorities on Wednesday published the voters’ draft for holding election to Dhaka University Central Student Union (DUCSU), an elected body which played glorious role in movement for independence and democracy.Hailing the move, opposition Bangladesh Nationalist Party’s (BNP’s) student wing Jatiyatabadi Chhatra Dal and left-leaning Chhatra Union, however, demanded coexistence of leaders and supporters of all parties on the campus to create congenial atmosphere for elections.Ruling Awami League-backed Bangladesh Chhatra League activists dominate the campus, espeically dormitories where the opposition student leaders alleged, they were not allowed to stay.Still the DU authorities consider preparing the voters’ list a major success and a first step towards conducting long overdue DUCSU polls, as the higher court asked them to hold the elections soon.“We’re still skeptical if the authorities can really hold the DUCSU election. Even if they can, the polls will lose any credibility if Chhatra Dal leaders are not accommodated in the residential halls and move on the campus,” Abdur Rahim, social welfare secretary of JCD, said.He added, “Ruling party cadres let no leaders and activists of Chhatra Dal stay at the residential halls. Even the opposition activists can’t attend the classes and appear in exams.”JCD men have not been able to carry out organisational activities on the campus since 2010 when they were forced out of campus allegedly by ruling Awami League’s student body Bangladesh Chhatra League. The AL ssumed state power in 2009.Bangladesh Chhatra Union, student wing of Communist Party of Bangladesh, also alleged that there is no coexistence on the campus and that the authorities favour the ruling party student wing.Chhatra Union DU secretary Rajib Das said BCL leaders and activists often harass leaders of other student bodies and authorities pay no heed to such incidents and complaints made by others.He said he himself was attacked by some BCL leaders and activists of Jagannath Hall unit on 18 September, two days after they demanded peaceful coexistence of the student bodies at a meeting convened by the DU authorities with all student organisations.The authorities, he alleged, failed to do anything meaningful to address cthe apprehensions of leaders and activists of other student bodies.He pointed out that the draft voter list, prepared ini a hasty manner, contained a huge errors.Ruling party student wing Bangladesh Chhatra League (BCL) DU unit secretary Saddam Hossain, however, claimed that co-existence of all parties is already there.He said BCL is always prepared to contest in the DUCSU polls and they are increasing their contacts with general students to make a manifesto for the polls.Saddam also thanked DU authorities for preparing voters’ list after a long time.On Wednesday, DU vice chancellor M Akhtaruzzaman published the list that shows there are 38,493 voters, only the regular students. Of them, the number of female voters is 14,509 female and male 23,984, from 18 residential halls.Akhteruzzaman said the new voters’ list is available on the university’s website and students will get opportunity to correct any information, had there been errors.The students will be able to lodge any complaints about the list with the hjall offices by 30 November.On 16 September, DU authorities met the presidents and general secretaries of 13 student organisations somehow active on the campus.The High Court, on 17 January this year, directed the DU authorities to hold the elections at a suitable time, preferably within six months.The university authorities then said they were hopeful of holding the polls by 30 March 2019.DUCSU, considered the most prestigious elected student union in the country, had once contributed to creating national political leaders and critical national movements.The DUCSU election is supposed to be held every year, but the last time DUCSU election was held in 1990.
Zynga is well-known for making millions through its free-to-play games such as FarmVille. But it wants more money from advertising so has come up with a new idea: let advertisers have their own, branded levels within Zynga games.Zynga is calling is SponsoredPLAY, and it allows advertisers to basically control the content of a particular level while it continues to play the same for the user. The difference being, you’ll clearly be able to see some branding for a particular product, and successful play results in some kind of advertisers unlock e.g. recipes.The first example of this SponsoredPLAY money-maker has been added to casual game FarmVille: Harvest Swap. There’s a Hidden Valley Ranch level in the Match-3 game that sees you “harvest” ingredients for a Hidden Valley Ranch recipe. When the level is complete, there’s a link to the company’s recipe website and inevitably more product advertising if you tap it. The player can choose to just keep playing, though, and Zynga is happy because you earned it advertising dollars by playing the level.Zynga is seeing all kinds of positives from this kind of advertising and has setup an internal team called Studio E in order to support it. Such advertising is quicker to produce because Zynga is creating it for the advertiser, it’s much more engaging than asking someone to watch a video advert, and the user is staring at branded content for as long as the level lasts, so 20 seconds or more. Advertisers will love that.That suggests we are going to see a lot more branded levels appearing in Zynga games, but it’s also likely to spread across mobile gaming sector as other advertisers realize the potential of doing this. Is that a good thing? As long as the core game remains the same I’m sure most gamers would opt to keep playing with a bottle of sauce on the screen than have to wait to play while a video about sauce runs.
The government of Tennessee now officially recognizes Smart Contracts. That’s great news if we speak in terms of the publicity blockchain will receive. By virtue of such events, the Blockchain technology and all that’s related to it are drawing closer to becoming a standard way of how things work. However, the practice shows that the deeper you delve into the nuances of Blockchain, the more you understand that we are at the very beginning of quite a long and so far uncertain path. Before we investigate Smart Contracts on the back of a Tennessee law, let’s look at the concept in lay terms. Traditional Contract vs Smart Contract A traditional contract is simply a notarized piece of paper that details actions that are to be performed under certain conditions. It doesn’t control the actions fulfillment, but only assures it. Smart Contract is just like a paper contract; it specifies the conditions. Along with that, since a smart contract is basically a program code, it can carry out actions (which is impossible when we deal with the paper one). Most typically, smart contracts are executed in a decentralized environment, where: Anyone can become a validator and verify the authenticity of correct smart contract execution and the state of the database. Distributed and independent validators supremely minimize the third-party reliance and give confidence concerning unchangeability of what is to be done. That’s why, before putting a smart contract into action you should accurately check it for bugs. Because you won’t be able to make changes once it’s launched. All assets should be digitized. And all the data that may serve as a trigger for smart contract execution must be located within one database (system). What are oracles? There’s a popular myth that smart contracts in Ethereum can take external data from the web and use it in their environment (for example, smart contract transfers money to someone who won the bet on a football match results). You can not do that, because a smart contract only relies on the data that’s on the Ethereum blockchain. Still, there is a workaround. The database (Ethereum’s, in our case) can contain so-called oracles — ‘trusted’ parties that collect data from ‘exterior world’ and deliver it to smart contracts. For more precision, it is necessary to choose a wide range of independent oracles that provide smart contract with information. This way, you minimize the risk of their collusion. Smart Contract itself is only a piece of code For a better understanding, take a look at what Pavel Kravchenko — Founder of Distributed Lab has written about Smart Contracts on his Medium post: “A smart contract itself is a piece of code. The result of this code should be the agreement of all participants of the system regarding account balances (mutual settlements). From here indirectly it follows that a smart contract cannot manage money that hasn’t been digitized. Without a payment system that provides such opportunity (for example, Bitcoin, Ethereum or central bank currency), smart contracts are absolutely helpless!” Smart Contracts under the Tennessee law Storing data on the blockchain is now a legit thing to do in Tennessee. Here are some of the primary conditions stipulated by the law: Records or contracts secured through the blockchain are acknowledged as electronic records. Ownership rights of certain information stored on blockchain must be protected. Smart Contract is considered as an event-driven computer program, that’s executed on an electronic, distributed, decentralized, shared, and replicated ledger that is used to automate transactions. Electronic signatures and contracts secured through the blockchain technologies now have equal legal standing with traditional types of contracts and signatures. It is worth noting that the definition of a smart contract is pretty clear and comprehensive here. But, unfortunately, it doesn’t let the matter rest and there are some questions that were not covered: How can smart contracts and the traditional ones have equal legal standings if the functionality of a smart contract is much broader? Namely, it performs actions, while traditional contract only assures them. How will asset digitization be carried out? Do they provide any requirements for the Smart Contract source code or some normative audit that is to be performed in order to minimize bugs risk? The problem is not with smart contracts, but with creating the ecosystem around them. Unfortunately, it is impossible to build uniform smart-contract-based relationships in our society simply because the regulator has officially recognized the technology. For example, you won’t be able to sell your apartment via Smart Contract functionality if there won’t be a regulatory base that considers: The specified blockchain platform on which smart contract functionality is good enough to sustain a broad use. The way assets are digitized. And it’s not only for digital money transactions that you will be using smart contracts. You can use smart contracts to store any valuable information, for example, proprietary rights on your apartment. Who can be the authorized party/ oracle that collects the exterior data and delivers it to the Smart Contract (Speaking of apartments, it is basically the notary, who should verify such parameters as ownership of the apartment, its state, even your existence, etc) So, it’s true. A smart contract itself is a piece of code and objectively is not a problem at all. What is a problem, however, is preparing a sound basis for the successful implementation of Smart Contracts in our everyday life. Create and launch a mechanism that would allow the connection of two entirely different gear wheels: smart contracts in its digital, decentralized and trustless environment the real world, where we mostly deal with the top-down approach and have regulators, lawyers, courts, etc. Read Next FAE (Fast Adaptation Engine): iOlite’s tool to write Smart Contracts using machine translation Blockchain can solve tech’s trust issues – Imran Bashir A brief history of Blockchain About the Expert, Dr. Pavel Kravchenko Dr. Pavel Kravchenko is the Founder of Distributed Lab, blogger, cryptographer and Ph.D. in Information Security. Pavel is working in blockchain industry since early 2014 (Stellar). Pavel’s expertise is mostly focused on cryptography, security & technological risks, tokenization. About Distributed Lab Distributed Lab is a blockchain expertise center, with a core mission to develop cutting-edge enterprise tokenization solutions, laying the groundwork for the coming “Financial Internet”. Distributed Lab organizes dozens of events every year for the Crypto community – ranging from intensive small-format meetups and hackathons to large-scale international conferences which draw 1000+ attendees.
Treasury to Receive Billions in Return from AIG Stock Share September 11, 2012 445 Views in Data, Government, Origination, Servicing After bailing out “”American International Group””:http://www.aigcorporate.com/index.html, Inc. (AIG) at a price tag of $182.3 billion, Treasury and the “”Federal Reserve””:http://www.federalreserve.gov/ are expecting to see their full investment back, plus a return. [IMAGE]On Monday, “”Treasury””:http://www.treasury.gov/Pages/default.aspx estimated a return of $12.4 billion after selling about $18 billion in shares. On Tuesday, Treasury then announced it expects to see an additional $2.7 billion after underwriters exercised their over-allotment option to purchase more shares. Treasury’s proceeds from the public offering are expected to reach $20.7 billion.[COLUMN_BREAK]The total number of shares sold in the offering at 636.9 million, a rise from Monday’s 553.8 million shares. Treasury agreed to sell its AIG stock at $32.50 per share, with AIG purchasing 153.8 million shares, which amounts to $5 billion of the expected proceeds from the sale. “”Taking action to stabilize AIG during the financial crisis was something the government should never have had to do, but we had no better option at the time to protect the American economy from the damage that would have been caused by the company’s collapse,”” said Treasury Secretary Tim Geithner. “”To stabilize and then restructure the company with a very substantial positive gain for the American taxpayer is a significant accomplishment, but we need to continue the critical task of implementing Wall Street reform so that the American economy is never put in this position again.””Originally, the Fed invested $112.5 billion, with a recovered amount of $130.2 billion, while Treasury invested $69.8 billion and has recovered $67.2 billion as of September 11, according to a release. After the public offering, Treasury’s ownership of AIG’s shares will fall from 53.4 percent to 15.9 percent. Agents & Brokers Company News Investors Lenders & Servicers Processing Service Providers Treasury Department 2012-09-11 Esther Cho
The island generated a €321m current account surplus in July to September against a €405.9m surplus in the respective quarter of 2016 and a €7.4m deficit in the quarter before, the Central Bank of Cyprus said.“The international investment position of Cyprus in the third quarter of 2017 improved, reaching a net liability position of €22.7bn, compared with €23.6bn the previous quarter,” the central bank said on Friday in a statement on its website.The island’s external debt in the third quarter of the year was €107.3bn, down from €108.8bn in April to June, the bank supervisor said.You May LikeDr. Marty ProPower Plus Supplement3 Dangerous Foods People Feed Their Dogs (Without Realizing It)Dr. Marty ProPower Plus SupplementUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoYahoo SearchThese SUVs Are The Cream Of The Crop. Research Best Compact SUV CarYahoo SearchUndo Turkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoConcern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboola
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