Music Business Funding – Metawelle Sat, 18 Sep 2021 04:32:22 +0000 en-US hourly 1 Music Business Funding – Metawelle 32 32 Grab Mulls Public Filet in United States, Southeast Asia Wed, 07 Apr 2021 23:17:08 +0000

Southeast Asian delivery start-up Grab Holdings Inc. is considering public filing in the United States through a merger with a Special Purpose Acquisition Company (SPAC), Bloomberg reported Wednesday March 10, citing sources.

Grab is working with JP Morgan Chase & Co. and Morgan Stanley to find a SPAC to merge with, the sources told Bloomberg. A traditional initial public offering (IPO) is also still a possibility, the sources added.

A SPAC, or blank check company, raises funds for the specific purpose of acquiring a private company and getting it public. Backed by SoftBank, Grab is Southeast Asia’s most valued startup. Several tech unicorns in the region are reflecting on public records through PSPCs.

The move to go public follows Grab’s unsuccessful deal to merge with rival Gojek. Gojek is currently in merger talks with Tokopedia.

To catch recently launched a collaboration with the government to conduct drive-thru vaccination services in Indonesia. It is mandatory in Indonesia for people to get one shot. The country wants to immunize 70 million people by August, which is about a third of the country’s total target of 181.5 million.

To catch firm over a period of $ 2 billion over five years loan facility As speculation grew, it envisioned a public deposit. The startup offers carpooling, delivery and financial services. Grab chose Morgan Stanley and JP Morgan Chase as subscribers for a possible initial public offering that could be worth $ 2 billion.



On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

Source link

]]> 0
Racist incidents in the history of cricket | Racism in Cricket Mohammed Siraj Jasprit Bumrah Racial Abuse Sydney Test Monkeygate Scandal Harbhajan Singh Andrew Symonds Sarfaraz Ahmed Jofra Archer Wed, 07 Apr 2021 23:17:06 +0000

From the Monkeygate scandal to the racial abuse of Siraj: 5 cases where racism has eclipsed the gentleman’s game | Photo credit: AP


  • Indian team leaders Mohammed Siraj and Jasprit Bumrah were targeted by some Australian fans on days 3 and 4 of the 3rd test at Sydney Cricket Ground (SCG)
  • Siraj was allegedly nicknamed “Brown Dog” by Australian fans during the 3rd Border-Gavaskar Trophy test match
  • The entire cricket fraternity condemned the incidents of racism reported in the SCG test

Even though cricket is dubbed the gentleman’s game, several controversial and unfortunate incidents on the 22-yard track have simply called into question the integrity and dignity of international players in the past. As the resumption of sporting events is seen as a breath of fresh air amid the coronavirus pandemic, few fans and followers of the game have yet succeeded in ensuring that racism in sport continues to remain a major topic of discussion during these testing times. .

Considered one of the most competitive bilateral series of the current ICC World Test Championship, the 2020-2021 edition of the Border-Gavaskar Trophy between India and Australia, host of Australia, recorded a horrible incident of discrimination in the third test match marred by racism. row in Sydney. Players representing the Indian national team were subjected to racist abuse by a notorious part of the crowd during the third and fourth days of the 3rd test at Sydney Cricket Ground (SCG).

The row over racism during the SCG test between India and Australia not only shocked the entire cricket fraternity, but the appalling incident also sparked debates on how some previous incidents managed to eclipse the game. of the gentleman. With that said, let’s take a look at some of the most infamous incidents that have threatened to destroy the competitive nature of cricket.

(Photos: AP)

1) Brown Dog and Great Monkey – Siraj-Bumrah at SCG

In the words of Virat Kohli, the iconic SCG witnessed an “absolute spike in rowdy behavior” as Indian leaders Jasprit Bumrah and Mohammad Siraj were racially abused by Australian onlookers. days 3 and 4 of the 3rd test match. Siraj, who plays his first series for India in the longest format, was reportedly called “Brown Dog” and “Big Monkey” by Australian fans, which paved the way for immediate ban and subsequent arrest of six spectators on Sunday.

2) That Guy: Archer Targeted on Bay Oval

“An incredible crowd besides this guy,” England speed trader Jofra Archer said in a tweet two years ago. Archer was playing his first away test match at the Bay Oval when the 2019 World Cup winner heard racial slurs from one of the Kiwi fans. Facing the music in White, Archer was trying to save the test match for the English Lions when the incident took place. Taking stock of the situation, the New Zealand Cricket Council issued a swift apology following the disturbing incident.

3) Take this! Moeen Ali was called Osama

Cricket Australia was also forced to open an investigation when England cricketer Moeen Ali accused an Australian player of insulting him during the 2015 Ashes. In his autobiography, Ali revealed that he had been referred to as “Osama” by an Australian player. According to the excerpt from Ali’s book, an Australian player turned to him on the pitch and said, “Take this, Osama.” The Englishman had claimed that he “could not believe” what he had heard at the time.

4) ‘Abey Kaale, Teri Ammi ..’: Sarfaraz racially assaulted Phehlukwayo

Former Pakistani skipper Sarfaraz Ahmed had apologized to Andile Phehlukwayo and the South African people for his racist taunts against international Proteas in 2019. The disgraced wicket keeper was surprised by the channel’s microphones. broadcast when he made a racist comment in Urdu. “Abey kaale, teri ammi aaj kahaan baitheen hain? Kya parwa ke aaye hai aaj?“(Hey black, where is your mother sitting today? What (prayer) did you make her say for you today?)”, Sarfaraz had said while keeping the counters for Pakistan. in Durban.

5) Symonds vs Harbhajan: the Monkeygate scandal

Before the racism dispute in Sydney, it was the Monkeygate scandal during the 2007-2008 Down Under Indian tour that rocked the entire cricket fraternity. Former Australian all-rounder Andrew Symonds had accused veteran spinner Harbhajan Singh of calling him a monkey.

Before being acquitted for launching racial abuse, spinner Harbhajan was given a three-game suspension and the Board of Control for Cricket (BCCI) had even considered curtailing the Down Under tour following the scandal. . However, Harbhajan remained an integral part of the Indian team and also played the Adelaide test after the famous Team India in Perth.

Legendary Australian cricketer and two-time World Cup-winning captain Ricky Ponting had said the Monkeygate scandal was possibly the lowest point in his career (as captain). Speaking on a podcast, Ponting opened up about the Monkeygate incident and said he was not in full control of what happened during the entire episode.

Source link

]]> 0
COVID Focuses on Food Production in Washington Fruit Crops Wed, 07 Apr 2021 23:17:04 +0000

The COVID-19 pandemic has strained agriculture and food production. In the spring and summer, fruit and vegetable and meat processing factories suffered major coronavirus outbreaks and had, in many cases, had to shut down temporarily.

This pattern recurred in Yakima Valley in central Washington, where fruit packing factories were hit by a wave of COVID infection in the summer. The cases have spread from overcrowded and busy processing factories to family and community members, in an area where many workers make their living either in fields and orchards or making food products.

In early summer, as COVID spread and Yakima County accumulated some of the highest number of cases in Washington state, workers at several packing plants went on strike. They demanded PPE (personal protective equipment) for their workplaces, as well as more safety measures in factories to prevent the transmission of COVID, as well as a risk premium as essential workers.

At the end of October, the fall harvest was in full swing in the irrigated orchards of this prominent apple growing region, which also produces bumper harvests of cherries and pears.

“Cosmic Crisp and a lot of really good strains are still in effect until mid-November,” said Mike Gemler, executive director of the Washington Producers League, which supports fruit growers in regulatory compliance and provides housing for agricultural workers in the region.

Gemler said the summer of 2020 has been one of the toughest the industry has seen in decades. There were strikes – which lasted several weeks in some cases – and prolonged shortages of PPE. “Everything around COVID protection was out of stock,” Gemler said, “the masks you needed, the face shields you needed, the handwashing stations – you couldn’t get it. So people were making things in their stores.

Producers also had to redesign their packaging plants to further space workers, which often required slowing down packaging lines or investing in new equipment.

Gemler said the factories are running at full speed now. He estimated that producer costs are up 10-15% from last year. “People just spent the money, if they had it, to stay in business,” he said. “Because if they had an outbreak or if the state came in and inspected and they were full of violations, they would shut them down. ”

The Washington Growers League has had to modify the housing it manages for hundreds of mostly Latinx migrant farm workers and foreign guest workers on H2A visas.

In the SU housing complex in the small farming town of Mattawa, in apple orchard country along the Columbia River, each floor typically houses 24 workers. They share bathrooms, showers, a laundry room, and a kitchen – which now has plastic partitions installed between the stoves. Their temperature is taken and they are screened for symptoms of the disease daily.

“The use of bunk beds really didn’t provide adequate separation, so bunk beds were banned, which halved our accommodation capacity,” Gemler said. A guest worker from Mexico was cleaning his assigned kitchen and was not wearing a mask when this reporter visited. The worker said he was concerned about the coronavirus and usually wore a mask, but left it in his room that morning.

Wendy Lopez runs the site, and is also an elected city councilor in Mattawa. She said most residents of the town and the housing complex routinely wear masks and remain socially distant now. But earlier in the pandemic, she said that is often not the case.

“At first it was a bit difficult,” Lopez said. “People didn’t really believe it was true. But once you see a family member get sick, one of the local priests got sick, it hit pretty hard and that’s when people started to get serious.

Following the summer strikes and the wave of COVID disease that swept through the immigrant community of Yakima, union activists are now trying to organize a union at packing factories in the region.

“Employers are now giving out masks,” said Yakima-based immigration lawyer Eilish Villa Malone Trabajadores Unidos por la Justicia / Workers united for justice. “But they [the workers] also work shoulder to shoulder, the lines are super hard which means they throw a lot of fruit on the line and it’s constant physical tension.

And COVID-19 is still a danger to workers and the community. “It’s not really going to go away,” Villa Malone said. “Maybe it’s decreased in percentage, but I still see people getting sick. And many workers are afraid or unable to take time off when they get sick. Because when you are a minimum wage worker you can’t afford to take time off, maybe you don’t have sick leave, and maybe you can’t get unemployment.

Source link

]]> 0
Fire on Longfellow Terrace in Springfield destroys house and damages 2 neighboring properties Wed, 07 Apr 2021 23:17:01 +0000

SPRINGFIELD – Tuesday afternoon’s fire on Longfellow Terrace destroyed a house, displaced 7 people and caused significant damage to the house next door, a fire official said.

Fire Department spokesman Captain Drew Piemonte said high winds helped spread the blaze, both in the house and on neighboring properties in this heavily populated section of the neighborhood of Forest Park.

A firefighter was injured and had to be taken to hospital. As of Wednesday morning, Piemonte did not have an update on his condition.

The house at 37 Longfellow Terrace was a total loss in the fire, he said. The roof collapsed in the fire and the lower floors suffered extensive water damage from the thousands of gallons of water used to contain the blaze. The remaining structure was unstable and had to be overturned.

Seven residents, five adults and two children, were displaced. The Western Massachusetts section of the American Red Cross was called in to help them find temporary shelter.

Piemonte said the remaining structure is unstable and will likely need to be demolished.

The house, a century-old wooden frame of 2 1/2 floors, is listed in the city registers as the property of resident Joseph R. Ramos. The property has a total appraisal of $ 236,000. Ramos bought it in June.

The neighboring property to the north, 37 Longfellow Terrace, sustained significant damage when it caught fire. This property was saved, but Piemonte estimated the damage to be around $ 30,000 to $ 40,000.

A garage on Ashmont Street to the east also caught fire, but firefighters put it out before it could cause much damage.

Piemonte said high winds contributed to the severity of the fire, both in terms of damage to 37 Longfellow and setting neighboring properties ablaze.

“The wind fed him,” he says.

He compared the effect of the wind to that of pouring gasoline on a flame.

The initial call for the fire arrived around 4 p.m. It quickly spread into the attic and devoured the roof.

As the fire spreads and escalates, the order is given to withdraw all firefighters from within and proceed to an outside attack.

Piemonte said the cause of the fire was still under investigation. It is believed to have started at the back of 43 Longfellow, but investigators have not been able to determine exactly how it started.

Investigators were on site Wednesday morning to try to determine the cause, he said.

Source link

]]> 0
The evolution of Manchester United academy and youngsters ready for summer loan transfers Wed, 07 Apr 2021 23:16:55 +0000

The wheels of Manchester United academy keep turning.

Even when football was totally shut down a year ago, United kept a close eye on their young players, fearing a disconnection that could have damaging consequences for their development.

They did Zoom practice sessions, talked to each player individually about the current grind and the future. They refused to release players under the age of 18 in June 2020, as would normally be the case, safeguarding the future of young people in the event of a pandemic – whatever their circumstances.

The result has been a more stable season for the academy department than many could have imagined.

United’s Under-23s have denied pre-season predictions that they will be relegated from the top division of youth football after being promoted to 2019/20. They sit comfortably in the middle of the Premier League 2 table, having won some big scalps including Liverpool and Arsenal this season.

Their team, which has an average age of around 18, has faced much bigger and older opponents, developing personalities like Shola Shoretire – still only 17 – to the point that Ole Gunnar Solskjaer came to call him when he needed reinforcements from the first team. So it’s quite remarkable that below them an Under-18 team regularly fielding 16-year-olds lead their own division, winning 15 of 18 league games this season.

United won’t be losing sight of the next Shoretire for long, as you can imagine.

Shoretire’s mentality perfectly represents what United expect from academy players. The fact that he has already made his senior debut makes him a standard bearer even for young players, and United demand that his work ethic be replicated by others in the youth system. They accept that many others don’t match his level of talent or his accomplishments with the first team and beyond.

“He’s doing well,” United Under-23 boss Neil Wood recently told MEN Sport. by Shoretire. He’s at that age where he just wants to play, so I think if you asked him to play anywhere he would. He loves to play.

Academy boss Nick Cox has also named Shoretire as the next cab out of the row when it comes to carrying the flag of United’s young talent pipeline.

“With Shola, we have it at the start. This is just the starting line, not the end, ”he told MEN Sport a month ago.

“Young players making their debut, whether it’s Ryan Giggs or Marcus Rashford or whoever, they make the headlines but they are the exception, they really are.

Gallery: Klopp? Leaf through? Rangnick? Who could replace Joachim Löw? (

a man in uniform: Compared to the rather reserved Löw, Jürgen Klopp would certainly represent a change of style.  But if the German FA wants to go in a different direction, then you might as well do it right.  Klopp has won the Premier League and Champions League with Liverpool, where his contract runs until 2024. But with his side currently in crisis, perhaps the 53-year-old would like a new challenge?

“Making his Premier League debut at this age is rare and we have to lead the boys to debut later, or go out on loan, some might not start with us but elsewhere and some might never succeed as a footballer. “

a group of people playing football on a pitch: MANCHESTER, ENGLAND - FEBRUARY 25: Manchester United's Shola Shoretire shakes hands with Manchester United's Mason Greenwood as he is substituted in the UEFA Europa League round of 32 between Manchester United and Real Sociedad at Old Trafford on February 25, 2021 in Manchester, England.  Sports stadiums in the UK remain under strict restrictions due to the coronavirus pandemic, as government social distancing laws ban fans inside venues, resulting in closed-door matches.  (Photo by Jan Kruger - UEFA / UEFA via Getty Images)

© Photo by Jan Kruger – UEFA / UEFA via Getty Images
MANCHESTER, ENGLAND – FEBRUARY 25: Manchester United’s Shola Shoretire shakes hands with Manchester United’s Mason Greenwood as he is substituted in the UEFA Europa League 32nd Round match between Manchester United and Real Sociedad at Old Trafford on February 25, 2021 in Manchester, England. Sports stadiums in the UK remain under strict restrictions due to the coronavirus pandemic, as government social distancing laws ban fans inside venues, resulting in closed-door matches. (Photo by Jan Kruger – UEFA / UEFA via Getty Images)

Setting up player development, whether directly in first-team football like Shoretire – or Rashford or Mason Greenwood before him – or through loans is key to the academy’s success.

This season, an increased number of young players have left Old Trafford on loan, with Teden Mengi and James garner get their first taste of regular senior football in the fierce world of the championship. Getting propelled into the first teams at Derby and Nottingham Forest is no small feat, even for a seasoned pro, let alone teenagers who have barely played under-23 games so far. .

The two have started racing and will return as men to Carrington this summer. You can add Ethan Laird, currently on loan from MK Dons, to this category.

Ethan Galbraith, Hannibal Mejbri, Anthony Elanga and possibly also Shoretire are expected to be the next generation of loans from the United Youth system.

Matej Kovar and Dylan Levitt are two examples of loans not quite planned for young players this season, both suffering in League One in the first half of this season.

Still, Cox believes the continued development of these players means every loan is beneficial, regardless of the outcome in terms of playing time and level of performance.

“I don’t think there is such a thing as a failed loan,” he said.

“There are only experiences. So if a boy is on loan and doesn’t play, it can be just as wonderful an experience for your long-term development as playing every week.”

It remains to be seen how many more successful loans will be successful, and it is possible that some players in the 17-18 age bracket will be held up in the Under-23s another year.

There have been some tough times for the academy this season. A massive influx of new players in the Under-18s and Under-23s last summer was not an easy situation to deal with, with many youngsters arriving in Manchester from different parts of Europe and settling down in a town that has essentially been locked up for 12 months. .

Nicky Butt’s recent departure club was not planned, and the work he did at the youth level will be sorely missed.

Hannibal, Elanga and others were also injured, depriving them of football which should be played regularly at their age.

But with plans in place for next season’s recruiting drive – “you choose a different strategy based on need each year,” Cox explains – and for a number of key outgoing loans, the future is bright for the future. United academy, no matter where their Under-18 and Under-23 teams end this season.

The easing of restrictions hopefully means Zoom isn’t needed as regularly as it was a year ago, but the eyes of United academy coaches never really go out.

Source link

]]> 0
How emotional intelligence separates us from AI Wed, 07 Apr 2021 23:16:52 +0000

This week my friend Allen Gannett and I spear a show of advice on creativity and work. People call our voicemail and ask questions, and each week we pick a handful of questions to explore for the show. And as luck would have it, one of our first callers asked us for a total doozy:

Will artificial intelligence end up becoming more creative than us humans? And is our desire to create inherent in having a physical body?


We had to do some research for that one. (With some existential twist of hands!) And while you certainly should watch the episode and listen to our answer to the question, something fascinating about the human brain has emerged during its exploration that I wanted to talk about here in this newsletter:

Humans versus machines: the information we can process

Our brains are now much better at parallel processing than computers. A computer can do more calculations than we can, but we can make more connections. This is the essence of creative thinking and problem solving: making connections and determining what is good and what is not.

However, one of the parts of our brain that provides us with useful information looks like a cave man’s club compared to the average computer: Our emotions.

Emotions are technically information. They make our brains pay attention to things, signaling that something important is brewing. Just as our eyes feed us information – or a computer camera feeds it – our emotions feed us information about what is happening to us. And this information was crucial for our survival.

However, in the modern world, some of our emotional inputs can easily become the equivalent of Silicon Valley “hot spot, not hot dog”Scanning application.

Emotional intelligence is about harnessing uniquely human information

For example: let’s say your roommate leaves out the dirty dishes and makes you angry. The emotion of anger tells you that something important is brewing; you wouldn’t feel angry if you didn’t care that the house is clean. But then your reaction is just … CRAZY! And so you react, sometimes disproportionately to the situation.

You’re yelling at the roommate or doing something passive aggressive, when a calm, relaxed conversation might solve the problem. But instead, the roommate gets mad at you by yelling at him, and… well, that just explains a lot of the problems in the world.

A computer, on the other hand, does not overreact to input of information.

On the other hand, computers are not endowed with emotions like us. They don’t get that information.

So an area where humans can having an advantage over machines is our ability to discern what is important, interesting, confusing, joyful, infuriating, poignant, etc. and use it to improve our life.

And that’s the heart of what emotional intelligence is: adding a layer of thinking on top of our emotional inputs, so that we can be smarter than our caveman ancestors. (And smarter than machines…!)

In other words, when we feel angry or sad or confused or surprised or excited, instead of just acting crazy, we can use the emotion as a trigger to pause and think:

  1. There is something important here.
  2. But what is it?
  3. Well what a little crazy are we?
  4. Are we frustrated? Are we bitter? Are we jealous? Are we exhausted and bored?
  5. After drilling like this, we can then identify more clearly what exactly frustrated us, in other words, what important thing here actually is.

And by the time we go through this process, we’ve often passed the point of feeling the need to react immediately. This way we can use our emotional information to make smarter decisions.

It is powerful.

So when you think of AI and the craziness ahead in our future, I hope you think about how our emotions are part of our human advantage. Combining emotional information with conscious exploration – going beyond the hot dog, not the hot dog and into more nuanced territory – allows us to be more creative, smarter, and more human.

What do you think about this? What are your tips for practicing emotional intelligence? I would love to hear it in the comments!

And don’t forget to watch our show, Creative hotline, Besides! Maybe we’ll have an entire episode exploring emotions and creativity in the future.

Source link

]]> 0
CFPB reverses pandemic flexibilities, promising application Wed, 07 Apr 2021 23:16:50 +0000

The Consumer Financial Protection Bureau on Wednesday announced it was rolling back seven of its temporary policies put in place to protect consumers during the pandemic. The seven cancellations will take effect on Thursday, April 1, with the government agency noting that it intends to exercise the full extent of its oversight and enforcement authority under the Dodd-Frank Act.

In one of its key decisions, the CFPB said it would overturn its leniency on Home Mortgage Disclosure Act data reporting. In March 2020, the CFPB announced that it would no longer require certain lenders to report quarterly information under the HMDA.

The CFPB also said it was withdrawing its signature from several statements that allowed lenders to work with consumers affected by the pandemic.

In his withdrawal from the Office Oversight and Enforcement Statement In response to the COVID-19 pandemic, the CFPB said: “It believes that businesses should have had sufficient time to adapt to the pandemic and should now be able to adequately comply with the law. and respond to enforcement actions or surveillance activities without the flexibility afforded by reporting. “

The CFPB also withdrew its signature from an interagency statement that authorized leniency on loan modifications and the reporting for financial institutions which was signed by the agency in April 2020, alongside the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Administration of Credit Unions and the Office of the Comptroller of the Currency.

How repairers can stay ahead of potential Biden regulatory changes

Among the unknowns repairers face in 2021 are changes that could affect Lender Placed Insurance (LPI). Service agents should have the flexibility to keep up with the latest changes in order to remain compliant and efficient while providing the best experience for borrowers.

Presented by: Proctor Loan Protector

The statement provided clarification on the discrepancies for certain standards under Section 4013 of the CARES Act (titled Temporary Relief from Distressed Debt Restructuring).

The aforementioned agencies also signed a declaration describing flexibilities on industry assessment standards and then discussed the valuation regulations for Fannie and Freddie a week later. The CFPB said it would also withdraw its signature from this letter. The flexible standards allowed for more appraisal options on some qualifying primary residence loans, including office appraisals and outside appraisals only.

“As consumers seek temporary relief from lenders, the pandemic is impacting the operations of financial companies who are keen to help their customers during this unprecedented time,” said former CFPB director Kathleen Kraninger , at the time that several of these policies were published. “Our actions today are temporary and targeted to support consumers by allowing financial companies to focus their resources on assisting consumers.”

The CFPB has also rescinded leniency on disclosure of certain information relating to credit cards and prepaid accounts under the Truth in Lending Act, Regulation Z, and Regulation E. This includes annual submissions regarding agreements. between credit card issuers and higher education institutions; quarterly submission of consumer credit card contracts; collecting certain information on the price and availability of credit cards; and the submission of prepaid account agreements and related information.

The bureau will also enforce the Fair Credit Reporting Act and Regulation V, which protects consumer privacy, after saying it intends to cancel flexibilities granted to companies that report credit data. The information in these consumer reports is used to make many types of decisions, including whether a consumer can borrow money or how much interest they will pay in interest to finance a home or a major purchase. How this will affect the reporting of delinquent loans has not yet been defined.

The CFPB also now intends to take enforcement action against real estate developers subject to the Interstate Land Sales Full Disclosure Act under Regulation J. Originally, flexibilities allowed for delays in filing annual reports. activity with the aim of “reducing the administrative burden”. However, the office will not take any surveillance action against those who did not file a case between April 27, 2020 and April 30, 2021.

Its last two cancellations included enforcement flexibilities on Regulation Z billing error times and electronic credit card disclosures.

“Providing regulatory flexibility to businesses should not come at the expense of consumers. As many financial institutions have developed more robust remote capabilities and demonstrated improved operations, it is no longer prudent to maintain these flexibilities. The first priority of CFPB, today and always, is to protect consumers from damage, ”said Dave Uejio, Acting Director of CFPB.

Source link

]]> 0
Relaxed Federal Regulations Amid Pandemic May Help Prisons Better Deal With Opioid Use Disorders Wed, 07 Apr 2021 23:16:47 +0000

Few correctional facilities in the United States have treatment programs for people with opioid use disorder (ODD), despite clear evidence that some drugs reduce the risk of overdose and death. Even in facilities where treatment is available, the COVID-19 pandemic has complicated efforts to provide such care. But an article recently published in the Drug addiction treatment diary shows how a Minnesota prison continued to provide access to drugs for TOU, especially buprenorphine, under difficult conditions.

Since the start of the pandemic earlier this year, prisons and prisons—where infectious diseases can easily spread– acted to reduce potential exposure and protect inmates and staff in reduce their populations. But with efforts to ensure appropriate physical distancing and provide COVID-related care, staff members may be less able to provide other essential health services.

Officials at the Hennepin County Jail in Minneapolis, however, have been working to make sure people at the facility can still get the treatment they need for OUD. The county reduced its prison population by 43%, helping to ensure that staff have adequate resources to continue providing OUD treatment to those in need. This included the three drugs approved by the Food and Drug Administration: methadone, buprenorphine, and naltrexone.

More importantly, staff were able to make the strictly regulated buprenorphine more readily available than before, thanks to relaxed federal regulations. Before the pandemic, buprenorphine could only be provided to patients after an in-person consultation with a health care provider authorized to prescribe the drug.

As part of the federal government’s declaration of public health emergency in March, approved prescribers can now initiate treatment with buprenorphine via telemedicine visits, even in correctional facilities, to reduce potential exposure to COVID . Hennepin County took advantage of this change to provide life-saving medication to people requiring OUD treatment in its prison while maintaining safety measures and physical distancing through telemedicine visits with a clinician. Prison medical staff can now offer buprenorphine via telemedicine to patients already treated with the drug, to people who want to start treatment, and to people who do not want to start treatment but may experience withdrawal symptoms upon entering. establishment.

Hennepin County Jail serves as an example of how correctional facilities can continue to provide OUD treatment during a pandemic that has exacerbated the opioid overdose crisis. Nationally, policymakers should prioritize efforts to increase access to drugs approved by the FDA and proven to help people manage their disease, especially in correctional facilities.

Making the relaxed telemedicine regulations for treatment with buprenorphine permanent after the pandemic ends would help achieve this goal. By continuing these practices, clinicians working in correctional settings would have increased flexibility in treating patients, especially on weekends, when many facilities do not have a prescriber on site.

Correctional facilities should continue to offer buprenorphine to all patients who may benefit from it, whether they are already being treated with the drug, starting treatment, or needing help managing withdrawal symptoms. . Such support should be provided immediately after individuals enter prison. It must continue throughout their stay and be available if they are referred to community providers upon release. Such flexibility and attention to the need for sustained treatment will save lives.

Alex Duncan works on the Pew Drug Abuse Prevention and Treatment Initiative.

Source link

]]> 0
Do and not apply for a loan on digital platforms-Ranvir Singh Wed, 07 Apr 2021 23:16:45 +0000

Fintechs have made the sometimes tedious loan application process noticeably easier and faster. It is not necessary to carry x number of documents and speak to several people at the local bank branch. Instead, one can complete the process in a matter of minutes online. Once the KYC documents are approved, getting the loan also only takes a few minutes. These amenities have become essential in an emergency, whether for professional, educational or personal purposes.

However, convenience and efficiency cannot outweigh safety. Like any financial transaction, a digital credit application must be made after due diligence. Carelessness can become too costly, jeopardizing its financial stability. Here is a list of easy dos and don’ts to follow when applying for a loan through digital platforms.


  • RBI Registered: At a minimum, verify that the application is linked to a non-bank financial corporation (NBFC) lender registered with the RBI. Registration means that the business meets regulatory standards, including privacy and data collection standards, set by the regulator and does not overload or violate the law. This information should be available on the website and the app.
  • Compare and Select: With so many booming fintech companies, the customer needs to research thoroughly the different options available. Take a close look at interest rates, comparing them to loan terms and repayment options. In particular, the interest rates and the duration of the loans are the deciding factors. Fintechs offer a definite advantage for making quick comparisons.
  • Check App Store Ratings and Reviews: The App Store may be the best place to get customer feedback. One can read genuine user reviews with a convenient rating system, providing a quick overview of different areas such as usability, customer service, reliability and other critical factors.
  • Add EMI to the Emergency Fund: An emergency fund is the backbone of any personal finance plan. To ensure that there is no default in a crisis, it is a good idea to add your EMI to the emergency fund. Ideally, it should support 3-8 months of spending, depending on your ability and spending habits.
  • Check the eligibility criteria: Fintechs are generally seen as a more convenient option for getting loans. But like any other financial institution, they will be strict about their eligibility criteria. It is always advisable to check these conditions before applying for a loan.
  • Read the fine print: Legally, a fintech company is required to put all terms and conditions on their website. Review the fees, terms, and conditions charged by the business (especially for defaults or late payments) before applying for a loan.
  • Customer Service: Check the responsiveness of the company’s customer service team on social media and online portals. In the event of an incident or complication, they should be able to provide quick solutions to their customers.
  • Calamity Relief: COVID-19 has raised awareness of the need to guard against calamities. Check if the lending platform has a provision to provide some form of monetary relief for repayment in the event of an unavoidable national calamity. Some companies offer refund extensions, such as a moratorium, to customers who cannot refund due to special, pre-specified conditions. The availability of such relief can also help protect its Cibil and Credit ratings in the event of default.


  • Avoid physical delivery or cash payments: The goal of digital lending is to avoid physical delivery of documents or money. Never hand over your physical documents or refund money to an agent claiming to belong to that company. Always upload your documents and reimburse through the company’s official app or website.
  • Sharing Personal Information: Never share OTP, banking, or personal information with an agent. Most fintech companies have two-step authentication processes that are clearly defined.
  • Avoid Default: As with any loan, not paying back on time will negatively impact credit and CIBIL scores, hampering any chances of receiving a loan in the future. If there is any problem, it is recommended to contact the company before the due date instead of defaulting on the payment.
  • Ignore Repayment Terms: Most people tend to ignore the fine print, especially for repayment terms. You can browse the terms mentioned in the sanction letter and welcome letter sent to you on NBFC letterhead upon approval and disbursement respectively. Check in particular the fees and charges that will be levied in the event of non-payment or late payment.

With their ease of transaction, fintechs are the future. Sooner or later, most of us might end up applying for a loan on these online platforms. Hence, you are strongly advised to follow these Dos and Don’ts when applying for a loan online. A little diligence in the beginning will save you from a costly mistake in the future.

Disclaimer: The opinions expressed in the above article are those of the authors and do not necessarily represent or reflect the opinions of this publisher. Unless otherwise indicated, the author writes in a personal capacity. They are not intended and should not be taken to represent official ideas, attitudes or policies of any agency or institution.

Source link

]]> 0
Definition of the National Defense Authorization Act (LDNA) Wed, 07 Apr 2021 23:16:40 +0000

What is the National Defense Authorization Act (NDAA)?

The National Defense Authorization Act (NDAA) is an act that Congress passes annually to make changes in the policies and organization of United States defense agencies and to provide guidance on how military funding can be spent.

Understanding the National Defense Authorization Act

The NDAA is an annual bill that allows Congress to set guidelines for defense policy. Although funding for the U.S. military must be approved by credits bills, Congress uses the NDAA to set defense priorities, make organizational changes to military agencies, and provide advice on how funding is to be used.

In addition to the Ministry of Defense, the legislation also covers military-related programs run by other agencies, like the nuclear weapons programs of the Department of Energy and the counterintelligence activities of the Federal Bureau of Investigation.

A relatively rare example of bipartisanship in Congress, the NDAA has been passed for 60 consecutive years. This consistency has also made the bill a popular vehicle for tackling legislation that has little to do with defense.

Key points to remember

  • The NDAA allows Congress to set priorities for defense policy and funding.
  • The annual bill covers a wide range of issues and agencies beyond the Department of Defense, including the Department of Energy and the Federal Bureau of Investigation.
  • The NDAA for fiscal 2021 marked the 60th consecutive year the bill passed in Congress.
  • Congress overturned President Trump’s veto, the first time a president has vetoed this bill, to pass the $ 741 billion legislation.
  • Legislation unrelated to defense is often attached to the NDAA given its prospects for bipartisan support.

How defense spending is approved

Prior to 1961, the defense budget of the United States was the exclusive domain of the House and Senate Appropriations Committees. But that year, legislating defense spending became a two-step process – involving both authorization and ownership – to give the committees that oversee defense policy more control over the strings of defense. stock Exchange.

The NDAA only provides guidance on how defense funding should be spent; Congress approves actual funding with appropriation bills.

The process usually begins in February, when the White House sends the federal budget in Congress for the fiscal year, which runs from October to September. At this point, the House and Senate armed forces committees begin the process of creating the NDAA. Each committee usually establishes sub-committees that focus on specific areas, such as military personnel, force readiness or cybersecurity.

After the various committees have held hearings, the House and Senate armed services committees will each draft and pass their own version of the NDAA bill and send it to the prosecution for a full vote in their respective chambers. Sometimes, however, the Senate may choose to debate and vote on the House’s version of the bill. If the two bills are different, the House and Senate appoint a conference committee to fill in the gaps and agree on a conference report for both houses to approve. Once passed, the legislation goes to the president’s office for enactment.

The only waiver of the Trump administration’s veto

The $ 741 billion NDAA for fiscal 2021, covering the period October 1, 2020 to September 30, 2021, was the first time Congress has successfully rescinded a veto by President Donald Trump. The president listed a series of objections to the bill, including non-defense issues, such as a request to include a provision that remove section 230 protection from social media companies from prosecution of the Communications Decency Act. Trump also opposed measures in the bill that would set up a commission to rename military bases honoring Confederate leaders, limiting the president’s use of emergency declarations to embezzle money for non-profit purposes. military such as the border wall and delaying the withdrawal of US troops from Afghanistan, South Korea and Germany.

The House voted to overturn the veto in December by a margin of 322 to 87, securing the necessary two-thirds majority, and the Senate followed suit in January with a vote of 81 to 13. The bill contained a number of other key defense-related provisions, including:

  • A 3% salary increase for the troops
  • Paid family leave
  • Protection against discrimination
  • A new Pacific deterrent initiative aimed at countering growth chinese military power in the Indo-Pacific region
  • An initiative to support a national security innovation base to help the U.S. high-tech industry compete globally in areas such as artificial intelligence, quantum computing and biotechnology
  • Measures to strengthen protections against cyber attacks, including the creation of a national director of cybersecurity in the White House and improved coordination within the Cybersecurity and Infrastructure Security Agency within the Department of Homeland Security.

Stricter rules against money laundering and terrorist financing

The NDAA for fiscal year 2021 also aims to money laundering and terrorist financing, including the use of front companies to hide funding sources. The inclusion of the Business Transparency Act in the bill means that businesses and limited liability companies (SARL) will now have to disclose information about the owners of the business. Companies will be required to provide information to the US Treasury Department on “beneficial owners”, Which includes any person who has“ substantial control ”or holds at least 25% of the capital. Treasury Financial Crime Network (FinCEN) maintain the database, and only national security or law enforcement agencies will have access to it.

The new transparency rules could have a substantial impact on the use of LLCs to make real estate purchases for cash, long seen as a loophole for illicit financing given the lack of reporting requirements. A study of a more targeted FinCEN program requiring title insurers to provide information on the beneficial owners of limited liability companies that have purchased luxury real estate in New York, Miami and other cities found that the amount of cash purchases by corporations had fallen by 70%.

Another piece of legislation included in the NDAA, the Money Laundering Control Act, also attempts to strengthen FinCEN’s campaign against illicit financing by improving the agency’s analytical capacities and coordination with others. agencies and the financial sector.

Source link

]]> 0