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Monthly Archives: September 2020
This Cryptocurrency Company is Reducing Volatility and Increasing Adoption Of Blockchain – Entrepreneur
Posted: September 28, 2020 at 11:14 am
Babel Finance is actively working towards making available traditional financial market instruments, players and systems available to the cryptocurrency market
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September22, 20205 min read
Opinions expressed by Entrepreneur contributors are their own.
A prominent attribute we've come to associate with Bitcoin ecosystem and market capitalization is that it's a highly volatile asset class. It's typical to see this type of sharp movements in times when news, rumors or technical glitches may cause incredible up and down movements of the price. It's also one of the key reasons that have kept most traditional financial players out of the market, fearing the uncertainties with pricing may affect their capital.
It's also one of the many reasons why we have witnessed slow adoption of blockchain technology, because big traditional financial institutions wouldn't partner with blockchain-based companies aiming at providing real value in the finance sector for fear of getting burnt. Very few companies have been open to providing financial aids, assistance and backup for these companies.
The days of high volatility and uncertainties surrounding the valuation and price of Bitcoin have started to slow down as a new breed of ex-Wall Street and financial experts from top financial firms are slowly entering the market bringing with them some wealth of knowledge and experiences that would be useful for blockchain and cryptocurrency integration into the global traditional finance industry and practices. Despite the ups and downs Bitcoin have continuously been driven into the hands of big financial institutions that have started creating products, best tailored for the traditional financial market.
It is the brain behind the current somewhat stability in price we are experiencing as Bitcoin moves between $12,000 and $9,000 in the last couple of days.
One of such company that has provided financial assistance for blockchain/cryptocurrency themed companies in the days where there was little to no provision for these companies emanating from the West is Babel Finance. Notable companies such as Genesis Capital, Bitgo, Blockchain.com, Bitcoin.com, etc., are some of the big names you're quite familiar with today that have been serviced and backed by the Babel Finance group.
Founded by CEO Flex Yang,Babel Finance is one force that has been actively involved in Blockchain and cryptocurrency developments and maturity as we have it today and previously worked at PwC (Hong Kong). Babel Finance is also co-founded by Del Wang, who previously hails from the bank, ICBC. The duo of Yang and Wang have been behind loans in forms of Bitcoin, handed out to China Bitcoin mining firms to hedge these operators against fluctuation and sharp losses associated with Bitcoin price fluctuation as far as 2018. Also serving an industry that has no backing from established traditional financial institutions at the time proving once more that the duo through their financial firm are instrumental to the growth of the blockchain and Bitcoin ecosystem.
As earlier mentioned Babel Finance is one company responsible for the growth of top crypto firms today, many of whom are from the US, also acting as the digital asset custodian of CoinBase custody, it have been the bridge between the East (China) and the West (US) dominating the loan sector, having given out loan to the tune of over $380 million, outstanding as of March 2020, accelerating the growth of companies, providing liquidity for many DeFi based companies, is also responsible for the surge of the DeFi market as we have it today. In fact, 70 per cent of loans given out by Babel Finance may have been used for DeFi apps or Grayscale projects.
Babel Finance is set to launch a suite of asset management products which includes Babel BTC Bullish Shark Fin, Babel BTC Bearish Shark Fin, Babel ETH Bullish Shark Fin, Babel BTC Bargain Hunting and Babel BTC Target Profit. These products will enable the company to transition into option trading, opening it up for retail traders. This move has cemented Babel Finance established dominance in crypto financial services making it the biggest out of Asia and the world leading options market by trade volume according to Bitcoin futures and option trading exchange Deribit.
In its quest to establish more dominance in both the traditional and blockchain finance market Babel Finance have launched a robust set of financial services that could be found in the traditional finance institutions, by launching Babel Private a novel service first of its kind, led by Babel Finance managing director-asset management, Tong Lei. The service will offer private banking services rivalling any known established traditional competition exclusive to high net worth cryptocurrency investors looking at hedging their risk against Bitcoin volatility and so far over 6,000 BTC ($60m) have been turned over to Babel Private for hedge services attesting to the popularity of the product amongst investors.
Bridging the existing gap between the traditional and cryptocurrency financial market, Babel Finance is actively working towards making available traditional financial market instruments, players and systems available to the cryptocurrency market, reducing volatility and increasing adoptions of the blockchain technology.
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This Cryptocurrency Company is Reducing Volatility and Increasing Adoption Of Blockchain - Entrepreneur
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Martkist Brings the Benefits of Cryptocurrency to Colombian Medical Tourism Industry – Press Release – Digital Journal
Posted: at 11:14 am
This press release was orginally distributed by SBWire
Riga City, Latvia -- (SBWIRE) -- 09/28/2020 -- It only takes one small change, one small step in the right direction, to develop a unique product, and that is exactly what Martkist has done. Martkist has been working to make the cryptocurrency more inclusive, accessible, and transacted in the daily lives of the users.
The project has revealed the list of doctors and procedures for the residents or visiting individuals in Colombia. These doctors can also take payments for the procedures and other fees in MARTK. This makes Martkist an excellent payment gateway for the everyday user.
This step is going to bring more people and industries under the ambit of cryptocurrency. On both sides of the spectrum, the doctors and the patients will understand more about the blockchain, cryptocurrency, and other related aspects because they can now use MARTK as regular fiat money to conduct everyday transactions.
Why Medical Services?
This step brings Martkist one step closer to their core mission of intelligent allocation of resources. Bringing the medical services in Colombia into the fold is a great step that will undoubtedly augment the usage of the MARTK in general life correspondence.
Added to this, the Colombian medical tourism industry is booming. Across the globe, the medical tourism industry is expected to grow up to $207 billion by 2027. This means that it will grow with a CAGR of 21.1%.
If that's not all, due to medical tourism, any hosting nation gets additional benefits from several other sources. This includes tourism expenditure, support to the local tourist-based markets, pharmacies, healthcare service providers, and other auxiliary services. Plus, revenue generation for the government because various other sectors will grow.
Also, a boom in medical tourism means that local residents can get better employment opportunities. That is why the Martkist team decided to integrate the crypto coin with the medical services providers in the country.
Due to the forward and backward linkages, the MARTK can further penetrate into other associated sectors. Any other vendor or service provider can also start using MARTK and get the benefits of a decentralized system.
A Potential to Upgrade the Entire System
The thing about medical payment is that sometimes they can get delayed even when a user has access to funds at all times. This is specially important in the case of medical tourists. These users may not get instant access to cash or digitally transfer the payments for the treatment, which can cause issues and stress.
Every second is essential in the healthcare domain, and here if the user is marred by slow transfer systems or the inability to acquire cash on the spot is not good. That is why Martkist is allowing everybody to visit Colombia for treatment purposes to circumvent such issues and use the speed, authenticity, security, and decentralization power of cryptocurrency.
Furthermore, if the payments are made via a bank, wire transfers, or any other medium, the users have to deal with extra fees and surcharges labeled as service expenses. With MARTK, there are no additional charges whatsoever. The users can pay directly to the service provider without fear or favor.
Capitalizing on the Potential
The visionary Martkist team saw great potential in the medical tourism of Colombia and went on to capitalize on this opportunity. This step will certainly bring a lot of transparency and cost-saving to the users.
Plus, since the users will become the owners of a crypto coin that can be further staked, they can also earn some passive income. Apart from staking, if the new users gain interest in the cryptocurrency world, they can explore it further to understand how it works and how to benefit from altcoins and bitcoin.
To make the new project more accessible and transparent, the project team has also shared the names of doctors and the procedure costs in USD.
Doctors List:
Edinson Orozco Plastic surgeonReynaldo Corrales Plastic surgeonJuan Carlos Escaf Ophthalmologist anterior segment and cornea (surgery without glasses)Ingrid Salazar and Cleofe Villa Ophthalmologist (facial rejuvenation, eyelids, and botox)Marped Morales Ophthalmologist GlaucomaMary Cabarcas Neuro-OphthalmologistRamiro Albis PediatricianRoberto Leyva RetinologistEmil Marabi Vascular surgeonElvia Molano OtorhinoRafael Campanella Gynecologist
It is evident from the list that almost every general medical specialist is involved in the project. With time, the list will grow to include all the other medical specialists. The cost structure of the services provided by the enlisted specialists ranges between $450 for plasma to $7890 for a facelift.
So, the service provisioning is highly diverse and covers almost every procedure required by an individual.
What is Martkist?Martkist is a community-focused cryptocurrency project and modern marketplace working with an aim to bring the benefits of crypto to everyone. The entire project is decentralized and runs on the Ethereum blockchain, integrated with smart contracts, and steered by the principles of governance budget voting.
About CryptoshibCriptoshib tries to keep crypto enthusiasts updated with the latest happenings and stories from the crypto world. We try to post stories about projects and people of the crypto and blockchain communities from around the world.
Media Contact
https://cryptoshib.com/martkist-brings-benefits-to-medical-tourism/
For more information on this press release visit: http://www.sbwire.com/press-releases/martkist-brings-the-benefits-of-cryptocurrency-to-colombian-medical-tourism-industry-1306269.htm
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Martkist Brings the Benefits of Cryptocurrency to Colombian Medical Tourism Industry - Press Release - Digital Journal
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Common Cryptocurrency Scams & How To Avoid Them | Screen Rant – Screen Rant
Posted: at 11:14 am
Cryptocurrency scams are on the rise and anyone can fall victim to one. Knowing what the more common ones are can help to avoid getting scammed.
Cryptocurrency is simply described as digital money. An idea that was first introduced with Bitcoin by the mysterious Satoshi Nakamoto over a decade ago. Since then, it has become so popular that many other cryptosare sprouting everywhere. Along with the rise of cryptocurrencies came the rise of exchanges,as well asscams.
Cryptocurrency scams are now everywhere online and while its true that investing in cryptocurrencies comes with great rewards, anyone considering an investment will need to be aware of the risks involved as well. One of the first things that experts recommend is to confirm thatcryptocurrency exchange or startup is actuallyblockchain-powered. Platforms that run through a blockchain are using smart contracts to complete transactions without a need for human interventions. It's the system's protocol that checks the legitimacy of the transaction and such a process can prevent fraud. Despite this, scams still do happen a lot.
Related: Do Crypto And Blockchain Companies Have A Sexism Problem?
This year alone, the North America Securities Administrators Association (NASAA) has identified 244 fraudulent schemes, 154 of which were cryptocurrency investment scams. These instances raise two questionsfor those who intend to invest in cryptocurrencies, or at the very least, use cryptocurrencies for their transactions. The first is, what are the common cryptocurrency scams, and second, how can they be avoided?
Topping the list of the most common cryptocurrency scams is when scammers trick crypto investors through fakemobile appsthat are available to download through the Google Play Store orthe Apple App Store. While they may appear to work perfectly once downloaded, their specific intention is to steal cryptocurrencies. There are certain ways to avoid this scam with the best way to make sure theapp is downloaded from anofficial link. Even then, it is best to check the reviews and ratings for the app, in case others have noticed something strange.
Another common cryptocurrencyscam to watch outis when scammers send phishing emails with the intention of stealing data and cryptos. The email often suggests something is wrong withan account and requests the recipient click a link. However, the link acts as a gateway for the scammers to access the account. The best way to avoid this scam is to never communicate with the sender of the email.
The reality is, the listof common cryptocurrency scams that are happening daily is increasing all the time. Malicious actors never run out of ways to steal from unsuspecting cryptocurrency users, butbeing extra vigilant when getting into any crypto-related transaction can help to reduce the chance of being scammed. Whether cryptocurrency or not, if its too good to be true, it probably is.
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Common Cryptocurrency Scams & How To Avoid Them | Screen Rant - Screen Rant
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Tickeron’s New AI-based Tool Helps Realize Seamless Cryptocurrency Trading – CIO Applications
Posted: at 11:14 am
Tickeron offers AI-powered automated tools to simplify crypto trading with additional features
Fremont, CA: Tickeron, an artificial and human intelligence platform providing unparalleled trading insights and analysis for investment advisors and self-directed investors, introduced its latest AI Robots tool for cryptocurrency trading. The new tool works in conjunction with Tickerons AI Screener and utilizes sophisticated algorithms to offer valuable crypto trading information directly to the user's inbox.
AI Robots consists of Tickerons best combinations of trade idea generation tools. It functions by scanning the crypto market every minute to find the best possible cryptocurrency trading opportunities based on Real-Time Patterns, Trend Prediction Engine results, and other advanced AI-produced data. The robots will then make the trade without any human involvement or decision-making assistance.
AI Screener by Tickeron enables retail investors to categorize and compare cryptocurrencies. Once the user selects filters, they can easily toggle between technical and fundamental analysis, fundamentals raw data, earning and dividends data, and AI predictions on a particular currency. In such turbulent and unpredictable economic times, having access to this kind of information provides novice cryptocurrency traders with a higher chance of success.
These features allow new traders to find out virtually anything they want to know about a cryptocurrency before making a trade, or before AI Robots makes one for them, said Sergey Savastiouk, CEO and Founder of Tickeron. Having artificial intelligence at their disposal to find out valued information through our exclusive algorithms and date analysis is a huge asset to crypto traders in todays market.
See also:Top Fintech Solution Companies
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Tickeron's New AI-based Tool Helps Realize Seamless Cryptocurrency Trading - CIO Applications
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YUSRA Global Is a Young Cryptocurrency That Has Managed to Achieve High Results in Only 1 Year of Existence – NewsBTC
Posted: at 11:14 am
Studying the phenomenal success of this cryptocurrency, many ask the question: What is the secret of the success and such a rapid growth in popularity of YUSRA?
Key success factors include:
Thus, the phenomenal success of YUSRA Global is a combination of many factors that interact with each other. Everything is connected: without the unique developments of the team of programmers, an effective economic model would not work, and without a competent marketing strategy, the community would not expand and grow. All technical and marketing achievements pale in comparison to the personal qualities of the team. It is people, and not just a collection of unique IT technologies, that make Yusra what it is today!
Unlike most of its competitors in the crypto industry, YUSRA is not a dummy with a multi-page White Paper and constant promises of releases of some mythical unique technologies. YUSRA Global is already a successfully functioning ecosystem today, consisting of several decentralized services:
YUSRA MARKETPLACE is a free decentralized trading platform, similar to an online marketplace, where sellers and buyers can place their goods (goods, equipment, services, real estate, etc.) on their own platform.
YUSRA P2P EXCHANGE is an online exchanger, which is an analogue of the Local Bitcoin platform and allows you to buy and sell YUSRA cryptocurrency directly between users on the basis of P2P transactions.
YUSRA PAY is a payment system that allows you to pay for mobile communications, television and Internet services directly for the YUSRA cryptocurrency. At the service of users is a huge selection of operators, providers operating throughout Russia, as well as other countries.
YUSRA WALLET is a specially designed wallet for storing YUSRA cryptocurrency. The wallet has a built-in special add-on that rewards users with tokens for trust from the system, and also provides users with access to the functionality of P2P Exchange and YUSRA PAY services.
In the near future, the team plans to launch several services, which will also be part of the YUSRA Global ecosystem. This is a new generation social network DOBRO 2.0, the release of which is scheduled for the very near future, as well as an online training platform SMART Academy and a travel portal Fresh.kavkaz.
The Yusra cryptocurrency website contains a Roadmap, which accurately indicates all the stages of Yusra development for several years ahead. I would like to note that since the launch of Yusra, the developers have never violated the deadlines for the development of any of the products.
The YUSRA Global cryptocurrency community is represented in many countries of the world and is actively continuing its expansion into new markets in particular, active promotion in South America, Asia and China is in the immediate plans.
Analyzing the dynamics of the markets, it is safe to say that the IT industry rules the world today. That is why, when developing the concept of YUSRA GLOBAL, the tasks of developing and financing IT projects were initially set. Since, in the future, it is these services that will create natural liquidity for the YUSRA cryptocurrency, and also due to financial receipts from their own IT projects, coins will be redeemed from investors. The redeemed coins will be burned, which will help to reduce the total emission of the coin and, accordingly, stimulate the normalization or growth of the rate.
Thus, today YUSRA Global is a dynamically developing IT holding, investments in which may well exceed even the most daring expectations.
YUSRA Global everything is just beginning!
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YUSRA Global Is a Young Cryptocurrency That Has Managed to Achieve High Results in Only 1 Year of Existence - NewsBTC
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Is It Portugal’s Turn to Gain ‘Freedom’ From Angola? – OZY
Posted: at 11:13 am
Because sometimes the hunter becomes the hunted.
Jos Eduardo dos Santos State of the Union address to Angolas Parliament in October 2013 included a shocker: Trade with former colonial master Portugal for which the country remains the fourth-largest export destination would be stopped, the then president threatened. There have been misunderstandings at the highest level of the state, and the current political climate does not encourage the implementation of the previously announced strategic partnerships, dos Santos said.
The presidential rebuke was prompted by Portuguese investigations into financial dealings of the Angolan elite, including members of dos Santos family. It didnt help that Portugals foreign affairs minister, Rui Machete, had publicly withdrawn his apology to dos Santos under pressure from the Portuguese public. And Luanda was willing to flex its muscles, aware of the economic lifeline it provided to Lisbon. Relations improved. Today, Angola and Portugal are witnessing a remarkable turnaround in their relationship, 45 years after the Central African state gained independence following 400 years of colonial rule.
Angolas economy grew from a state of chaos to stability in the years following the 2002 end of the countrys civil war, expanding by more than 8 percent in 2012. Around the same time, the Portuguese economy was smarting from the eurozone crisis.
So when Portuguese Prime Minister Pedro Passos Coelho went hand in hand to beg the Angolan presidency in 2011 to invest in its privatization program, Africas second-largest oil producer, brimming with Chinese investments and billions of petrodollars in revenue, rose to the occasion.
In Angola, they call Portugal the laundromat.
Ana Gomes, former member of the European Parliament
Angolas elite began investing in Portugal while the latters middle and lower class increasingly started migrating to the former colony for work and business opportunities. Ties between the elite of both countries go back many years to the time some were in the same schools or got to know each other in the formative years, says Carlos Lopes, a professor at the University of Cape Town and a former executive secretary of the United Nations Economic Commission for Africa.
For a decade now, Angolas state oil corporation, Sonangol, has been a major shareholder in Millennium BCP, Portugals second-largest bank by assets. A third of the popular soccer team Sporting Lisbon is in the portfolio of Luanda-based holding company Holdimo.
Portugals Golden Visa program, which awards residency to non-EU citizens after investments upward of 350,000 euros ($415,000), has also lured many Angolan oligarchs and politicians to spend and launder money in Lisbon. In Angola, they call Portugal the laundromat, Ana Gomes, a Portuguese diplomat and former member of the European Parliament, says wryly.
The most influential of them remains Isabel dos Santos, the former presidents billionaire daughter who chaired Sonangol for almost two years until she was fired by her fathers successor, Joo Loureno, for corruption. In 2015, she acquired a 65 percent stake in Portuguese power corporation Efacec for 200 million euros ($236 million). According to the Luanda Leaks investigation by the International Consortium of Investigative Journalists earlier this year, she is also part owner of Portuguese bank EuroBic and holds significant interests in the countrys telecommunications and real estate sectors.
The new relationship between Angola and Portugal hasnt always been smooth. When oil prices plummeted in 2014, causing the Angolan economy to contract for a few years, the heat was felt across the Atlantic in Portuguese households whose breadwinners were affected by the economic fluctuations.
The combination of reduced oil prices, limited access to credit and the crisis surrounding Brazilian construction conglomerate Odebrecht the company at the heart of Latin Americas infamous Operation Car Wash scandal was also a major public works firm in Angola was a rude awakening for Angola, says Lopes, who grew up in Guinea-Bissau, another former Portuguese colony. It has led to a fiscal deficit and has eroded the purchasing power of the Angolan kwanza, he says.
When Isabel dos Santos accounts in Lisbon were frozen earlier this year as part of investigations by the Loureno administration, that also created a ripple effect. Angolans are now divesting many of their shares in key Portuguese corporations. There is no appetite in the current regime in Luanda to pursue the approaches of the past, Lopes says.
That shift could potentially hurt both economies. But decades after Angola gained political independence, the transition could perhaps grant Portugal financial independence from its former colony.
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Edinburgh thug who shouted freedom before smashing bouncer over head with metal pole ordered to pay com – The Scottish Sun
Posted: at 11:13 am
A DRUNK thug who shouted Freedom before smashing a bouncer over the head with a metal pole has been ordered to pay his victim compensation.
Ross Gibson, 32, impersonated Scots hero William Wallace before launching the savage attack on doorman Gabriel Greechan outside the Jam House club in Edinburgh.
2
Gibson had been thrown out of the city centre nightclub following an altercation inside and challenged the door staff while outside.
During last Decembers confrontation he picked up the metal pole and smashed doorman Mr Greechan over the head.
Edinburgh Sheriff Court was told the bouncer suffered a gash to his head and a large amount of blood was spilled onto the pavement.
Gibson admitted the unprovoked attack at a previous court hearing and he returned for sentencing today.
2
Sheriff Roderick Flinn ordered the plumbing and heating engineer to pay Mr Greechan 300 in compensation.
Gibson, from Dalkeith, Midlothian, was also fined 200 and told he must also pay a victim surcharge of 10.
A witness, who did want to be identified, said: The guy was acting like a complete lunatic after he had been thrown out of the club.
He was shouting and swearing and acting the big man in front of the door staff and everyone was laughing at him when he began shouting Freedom at the top of his voice.
But we couldnt quite believe it when he picked up the metal barrier pole and hit one of the bouncers over the head - it was really shocking to see.
The doorman didn't go down but there was a lot of blood on the ground and the other door staff then jumped on him and took him to the ground before police were called.
Last month prosecutor Jack Castor said the bouncer was on duty outside the popular Jam House venue at around 12.40am on December 21 last year.
The fiscal said the doormans colleagues were in the process of ejecting Gibson from inside the club and once outside he turned violent.
Mr Caster said: The accused remained on the pavement and Mr Greechan told him to leave but the accused took hold of a heavy metal barrier pole.
The accuse lifted the pole above his head and Mr Greechan attempted to grab the pole from the accuseds hands.
The accused then brought the pole down onto Mr Greechans head.
Colleagues rushed in to help the injured doorman and Gibson was restrained to the ground by the staff members.
The fiscal added a gash opened up on the scalp of Mr Greechan which resulted in a large amount of blood spilling out onto the pavement.
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Solicitor Paul Dunne said his client had received injuries himself while being detained by the door staff but admitted his behaviour had been reckless.
Mr Dunne added Gibson has reduced his drinking significantly since the incident.
Gibson pleaded guilty to assaulting Mr Greechan by striking him on the head with a metal pole to his injury at Queen Street, Edinburgh, on December 21 last year.
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These Are The Pentagon’s Highly Questionable Proposals For A Navy With More Than 500 Ships – The Drive
Posted: at 11:13 am
The U.S. Navy's forthcoming force structure review may call for a fleet with up to 534 ships and submarines, including various kinds of unmanned vessels. The is far bigger than the existing Congressionally-mandated goal of a 355-ship fleet, which has long proven to be a struggle for the service to achieve. Plans for an even larger force could run into significant budgetary, recruiting, sustainment, and other hurdles.
Defense Newsgot the scoop on the expanded fleet concepts after obtaining draft copies of naval force structure studies that the Pentagons Office of Cost Assessment and Program Evaluation (CAPE) and the Hudson Institute think tank produced for the Office of the Secretary of Defense. Those reports date back to April 2020 and were meant to present a proposed ideal fleet composition and plans for obtaining it by 2045. The Office of the Joint Chiefs of Staff was also set to produce a study, the details of which remain unknown.
Those studies have since been evaluated, including through simulated wargames, and have been incorporated, at least in some part, into the Navy's Future Naval Force Study, according to Defense News. This new force structure plan was originally expected to be completed sometime last year, but has been repeatedly pushed back. At present, the plan is to use this final study to inform the next shipbuilding plan, which will accompany the service's budget request for the 2022 Fiscal Year, a public version of which should come out sometime between February and March 2021.
The Future Naval Force Study is a collaborative OSD, Joint Staff and Department of the Navy effort to assess future naval force structure options and inform future naval force structure decisions and the 30-year shipbuilding plan, Navy Lieutenant Tim Pietrack, a spokesperson for the service, told Defense News. Although COVID-19 has delayed some portions of the study, the effort remains on track to be complete in late 2020 and provide analytic insights in time to inform Program Budget Review [FY] 22.
USN
The proposed fleets from both CAPE and Hudson have significant differences compared to the Navy's existing structure, which currently has around 290 ships and is expected to grow to 301 ships by the end of this year. Both of the plans notably recommended cutting the total number of supercarriers to nine from the service's current total of 11, which includes the 10 Nimitz class carriers and the first-in-class USS Gerald R. Ford.
USN
The first-in-class USS Gerald R. Ford, in front, sails with the Nimitz class Harry S. Truman.
It is also worth noting that, by law, the Navy is compelled to always be working toward having a dozen active supercarriers, something that would have to change for either of these plans to go into effect. Hudson's proposal also included four smaller light aircraft carriers in addition to the remaining supercarriers, something the service was considering in April, but publicly said it was no longer exploring, at least in the near term, the following month.
CAPE also recommended a total of between 80 and 90 large surface combatants, a category that presently includes the Navy's Arleigh Burke class destroyers and Ticonderoga class cruisers, while Hudson favored reducing these number of these types of ships The Arleigh Burkes andTiconderogasaccount for 89 ships in the service's present fleet. There has also been talk about a future Large Surface Combatant that could replace both types, but the Navy is still just in the process of crafting the basic requirements for this vessel.
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The Ticonderoga class cruiser USS Hue City sails ahead of the Arleigh Burke class destroyer USS Oscar Austin.
The plan from CAPE called for around 70 small surface combatants, while Hudson proposed slashing that number to just 56. At present, the Navy's two subclasses of Littoral Combat Ships (LCS) are the only vessels it operates in this category. At the end of the day, the Navy expects to have bought 38 Freedom and Independence class ships in total, some of which are already being retired.
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The first-in-class USS Independence, in front, sails alongside the first-in-class USS Freedom. These are the leads ship in the two Littoral Combat Ship subclasses
The service is now also in the process of acquiring a new fleet of guided-missile frigates, presently referred to as FFG(X), which would also bolster the size of its small surface combat fleet. The first of these, at least, will be based on Italian shipbuilder Fincantieri's European Multi-Purpose Frigate design, also known by the Franco-Italian acronym FREMM.
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An artist's conception of the future FREMM-based FFG(X).
Both CAPE and Hudson were in favor of increasing the Navy's number of attack submarines, but Defense News did not give the exact proposed submarine fleet totals for either study. The service is already looking to begin development of a new attack submarine with capabilities more akin to its trio of advanced Seawolf class boats, which were originally designed primarily as hunter-killers, rather than the more multi-purpose Virginia class.
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The Seawolf class submarine USS Connecticut.
Defense News said that the proposals from CAPE and Hudson called for between 15 and 19 amphibious warfare ships, with CAPE's plan including 10 large amphibious assault ships, such as the Wasp and America classes, while Hudson's notional fleet had only five.
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The first-in-class amphibious assault ship USS America.
This category also includes dock landing ships, such as the San Antonio class, and these figures represent what would a major reduction in the number of traditional amphibious ships in the Navy's overall fleet. This is in line with new radical concepts of operation emanating from the U.S. Marine Corps under its present Commandant General David Berger, who has called for a major shift away from long-standing views of amphibious warfare.
As such, CAPE and Hudson included between 20 and 26 Light Amphibious Warships (LAW) in their proposed fleets, a type of ship that the Navy is now working to acquire based on requirements from the Marines, which you can read about in more detail in this past War Zone piece. The Navy has publicly said it could buy as many as 30 LAWs.
Sea Transport Solutions
An artist's conception of a so-called stern landing vessel design from Australian shipbuilder Sea Transport Solutions, which is reportedly one of the types the Navy and Marines are considering for the Light Amphibious Warship.
Both plans included significant increases in the total number of logistics and support ships in the Navy. This included adding between 19 and 30 new "future small logistics" ships, which could potentially be a type of offshore support vessel-type ship, and increasing the number of fleet oilers, ships able to refuel conventionally powered ships, from 17 to between 21 to 31. Hudson's proposal specially called for adding 19 command and support ships, as well. This is a category that presently includes an array of specialized vessels within the Navy, including its two Blue Ridge class command ships, Spearhead class expeditionary fast transports, expeditionary sea bases and transfer dock ships, and other logistics vessels.
By far, the most significant additions in both plans are dozens of unmanned surface vessels (USV), including proposed "large" types that are the size of traditional corvettes, and large unmanned undersea vehicles (UUV). At present, the Navy does not formally include any vessels in these categories when talking about the size of its overall fleet. The notional fleets from CAPE and Hudson included between 65 and 87 large USVs and between 40 and 60 large UUVs.
The Navy, as well as the Office of the Secretary of Defense and the White House's Office of Management and Budget, have all pointed to the inclusion of unmanned vessels as a way of finally reaching the existing 355-ship fleet goal. Their inclusion in the proposals from CAPE and Hudson meant that those notional fleets, which already included between 316 and 358 manned ships, would surge in size, with 534 total vessels between the maximum projected size among both studies.
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Two unmanned offshore support vessel-type ships the Navy, together with the Pentagon's Strategic Capabilities Office, has already been testing as part of the Ghost Fleet Overlord program.
Boeing
An artist's conception of Orca, a large unmanned undersea vehicle that Boeing is building for the Navy.
In a vacuum, both of these proposals make sense in many ways, especially given U.S. military's overall shift in focus to preparing for high-end conflicts and growing interest in distributed concepts of operation, including in the maritime domain, in recent years. The War Zonehas explored these developments on multiple occasions in the past.
In addition, as noted, the Marine Corps is undergoing a massive transition that includes a complete rethinking of how it conducts amphibious operations, especially in a distributed scenario in the Pacific region. The Navy, based on input from the Marines, and, to some extent, the Army, as well, has similarly begun re-evaluating how it might go about supporting ground forces during such operations.
On top of this, China is rapidly expanding the size and scope of its own naval capabilities, including adding significant numbers of new, advanced warships, including multiple aircraft carriers, and submarines. The most recent Pentagon report to Congress on Chinese military developments highlight naval modernization and shipbuilding as key areas where the People's Liberation Army is making major advances that challenge traditional American superiority. This, in turn, has already prompted calls for more funding for new Navy ships.
While there are very real strategic realities and concerns that are clearly driving these fleet proposals, it's unclear how realistic the Navy's plans for getting to the existing 355-ship mark might be, let alone increasing that total to over 500 vessels. In 2019, the Congressional Budget Office (CBO) assessed that the shipbuilding plan the Navy had released that year, which envisioned hitting 355 by 2034, would cost the better part of a trillion dollars to implement. The Navy itself had acknowledged that, after getting to its desired 355-ship fleet, it would then need $40 billion every year just to operate and maintain all those ships, some 30 percent more than it spends annually now.
Defense budgets always ebb and flow from year to year and it is especially hard, in general, to project how stable funding might be over a period of 15 to 25 years. Any basic budgetary concerns about this massive increase in the Navy's overall fleet size are only exacerbated by the realities of the ongoing COVID-19 pandemic, which has already led to a pronounced recession within the United States and major global economic downturn. The fact of the matter is that the service is having trouble paying for the fleets it has now.
The Navy, which has had trouble meeting recruiting goals in recent years, will still need to provide crews for the existing and new manned ships under both proposals, as well. The service has explored a variety of reduced and other novel crew concepts, as well as deployment mechanisms, to help ensure readiness with, at best, mixed results.
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New Navy recruits arrive at the service's Recruit Training Command in Great Lakes, Illinois.
There is clearly a hope that a heavy emphasis on smaller ships with smaller crews and unmanned vessels could help defray many of these costs and reduce maintenance, infrastructure, and recruiting demands. However, the proposals from both CAPE and Hudson preserve much of the service's existing surface and submarine fleets and call for the addition of more traditional manned ships, not all of which would be small.
There can only be questions about whether the Navy's internal maintenance infrastructure, as well as the availability of contractors to provide additional shipyard capacity for repairs, could handle the increase in total ships, no matter how small they might be. The Navy's shipyards are in notoriously poor condition. Although there have been some recent investments made to attempt to refurbish them, this reality has limited their ability to keep up with the workload they already have. Two years ago, the Government Accountability Office (GAO), notably assessed that the service has lost more than two decades of operational time across its attack submarine fleets to maintenance backlogs.
The Los Angeles class submarine USS Boise is something of a poster child for these issues and is presently set to return to service in 2023, after which it will have been out of commission over a need for routine repairs for approximately eight years. This submarine only entered service in 1992, meaning that it is set to have spent nearly a third of its career in the Navy so far sitting idle.
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The Los Angeles class submarine Boise, pierside at Norfolk Naval Station in Virginia. When she returns to the fleet, scheduled to occur in 2023, she will have spent approximately eight years idle.
Glaring concerns about shipyard capacity, and the rest of the industrial base, apply to building any new ships for the Navy and keeping that construction on schedule. Cost overruns and delays, which are hardly unheard of in the service's shipbuilding programs, could easily have negative cascading impacts on its overall force structure plans.
Pushback from Congress is something that has repeatedly undermined Navy shipbuilding plans, as well. So, there's no guarantee that legislators will agree to fund whatever final proposal the Navy presents to them when asking for its 2022 Fiscal Year budget, either.
All told, while the studies from CAPE and the Hudson Institute are certain to be valuable additions to the continuing debate around the Navy's future fleet structure and shipbuilding priorities, it very much remains to be seen how much, if any of these recommendations will be implemented any time soon.
Contact the author: joe@thedrive.com
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Governments Continue to Undermine Right to Information Under Cover of COVID-19 – Balkan Insight
Posted: at 11:13 am
On the annual International Day for Universal Access to Information, BIRN has released data showing dramatic drops in responses to freedom of information (FOI) requests by official bodies, either in time or in their entirety. BIRN keeps track of its FOI requests and produces reports on the topic, because the information gleaned from these requests enables it to produce investigative pieces and expose wrongdoing by governments, companies and powerful individuals.
In a world where COVID-19 has caused chaos and complexity, access to reliable and verified information is more important than ever As these last few months have shown, public health requires transparency whether this means statistics on the scale of the pandemic, or data on public spending. Access to accurate and trustworthy information ensures accountability for actions undertaken in response to the challenges caused by the virus, as the global community works to build back better, Audrey Azoulay, director-general of UNESCO, wrote on the occasion of the International Day for Universal Access to Information.
In a world where COVID-19 has caused chaos and complexity, access to reliable and verified information is more important than ever.
Audrey Azoulay, director-general of UNESCO
Since the beginning of the year, the data shows that BIRN journalists have sent at least 366 FOI requests to various public institutions in Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Moldova, Montenegro, Romania, Serbia and Turkey. So far, just 123 requests, or 33.6 per cent, have been answered, either fully or partially, while the remainder are either rejected or still not answered.
By comparison, between January 2017 and June 2019, BIRN journalists submitted 854 official requests to access public documents in Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Montenegro, and Serbia, with slightly under half (408) approved; 224 were partially approved, meaning the institutions provided only technical information; and 221 requests were either rejected or no answer at all was received, despite repeated follow-ups from the journalists.
At the time, BIRN concluded that while FOI laws in the region are among the most liberal in Europe on paper, implementation of these laws is well below European standards a situation that has deteriorated with the spread of the pandemic.
Public institutions that so far have been most likely to answer FOI requests are the Trade Ministry and prosecutors offices (Serbia), the Judicial Council (North Macedonia), the Kosovo Judicial Council and local municipalities (Kosovo).
BIRN also tests the transparency of public institutions by analysing their compliance with the Open Government Partnership (OGP), an initiative that aims to secure concrete commitments from national and subnational governments to promote open government, empower citizens, fight corruption, and harness new technologies to strengthen governance. So far, four Balkan states have joined the OGP: Albania, Bosnia and Herzegovina, North Macedonia and Serbia.
Some of the commitments each state proposed in their Action Plans are related to: open data, anti-corruption, public procurement, developing e-governance, adopting laws to support transparency of public institutions etc. But despite their promise to be more transparent and open, these countries are still struggling to meet the commitments.
Albania, the oldest OGP member since 2011, has been shifting the OGP leadership from one institution to another, thus failing to fully implement its own commitments: fiscal transparency, public services, access to information, public administration and anti-corruption.
Bosnia and Herzegovina, which joined OGP in 2014, has not moved a step forward in fulfilling the commitments. Independent published reports note no improvement.
Montenegro, which joined in 2012, is still facing difficulties on internal leadership to deal with OGP and track the developments of the already committed institutions.
Serbia, which joined the partnership in 2013, has the highest number of set commitments. From a total of 14, it failed to develop an IT system to support e-governance, and failed to implement proposed amendments to the laws that were supposed to improve governmental transparency.
All four countries have failed in becoming more transparent and digitally accessible. Publishing the latest updates on their websites, such as financial reports, ministry meetings minutes, or other current and important public documents, seems like too long a process to be ever fully implemented.
Citing the fight against COVID-19, authorities in a number of Central and Southeast European countries extended the amount of time that state bodies had to respond to FOI requests, which media watchdogs warned at the time was part of a worrying crackdown on press freedom since the onset of the pandemic.
We are concerned that in some cases, the suspension or delay of FOI deadlines is being used to hinder media access to information and thereby shield the government from domestic scrutiny or criticism over its handling of the outbreak, warned Scott Griffen, deputy director of the International Press Institute (IPI).
Among those countries extending and suspending deadlines for FOI requests were Bulgaria, Hungary, Moldova, Romania, Serbia and Slovenia, while Poland passed a law suspending the activity of courts that would rule on issues related to FOI requests.
The current Polish government is not making access to public information easier, but complicating it further on the pretext of battling the pandemic.
Grzegorz Makowski, expert at the Batory Foundations ideaForum
Most of these laws have since been revoked as the states of emergency and lockdown ended, however experts are warning about other legislation in the pipeline that could have a similar detrimental effect on the right to information.
In Poland, for example, legislation has been proposed by MPs from the ruling party that would exempt officials from punishment for breaking the law if they did so as part of efforts to tackle the coronavirus pandemic.
The World Health Organization advises that, instead of absolving of liability, it is important to, among other things, produce conditions for better public oversight of the various public decisions made during the pandemic.
This recommendation could be implemented by facilitating access to public information via digitising, obliging institutions to proactively publish information online, shortening dates for information access etc Yet the current government is not making access to public information easier, but complicating it further on the pretext of battling the pandemic, Grzegorz Makowski, an expert at the Batory Foundations ideaForum, wrote.
In Montenegro, the government has been criticised for pressing ahead during the pandemic with proposed amendments to the Montenegrin Law on Free Access to Information that have raised serious concern among experts, who say that the majority of the proposed changes would have a negative effect and take Montenegro further away from international transparency standards.
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Governments Continue to Undermine Right to Information Under Cover of COVID-19 - Balkan Insight
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Akalis divorce BJP: Despite national dominance, BJP needs a strong NDA for governance and cutting political ri – The Times of India Blog
Posted: at 11:13 am
Akali Dals exit from the NDA is a loss for BJP that goes beyond the limited numbers game in Parliament. Ties between the two parties date back to the Jan Sangh days, making Akali Dal perhaps BJPs oldest ally. Though the split was precipitated by resistance in Punjab to the farm reform legislations, relations had nosedived in recent years. Choosing the farm bills to exit NDA is a weak gambit. The bills promise better prices and greater freedom to small farmers to market their produce. Akali Dal may have missed a trick by cosying up to protesters, instead of turning the food processing industries ministry under its belt into a force multiplier for reforms and agricultural prosperity.
But each lost ally and the growing gap between the rhetoric and reality of cooperative federalism makes it harder for BJP to push its national agenda. In Maharashtra and Jharkhand, BJP failed to accommodate Shiv Sena and AJSU, ceding two states to UPA. Supportive or neutral parties like AIADMK, BJD, YSRCP and TRS may help BJP undermine opposition unity. But the Centres tightfisted approach on GST compensation, telling states to borrow to meet shortfalls, and CAGs finding that Centre retained Rs 47,000 crore of GST compensation cess in 2017-19 to understate the fiscal deficit, could undermine trust between BJP and regional parties. While the finance ministry has refuted the CAG report, its worth noting that adverse CAG reports on the previous UPA government helped the current NDA drive it out of power.
Many of its allies and friends, including JD(U), are uncomfortable with BJPs hard-edged Hindutva: One manifestation was the CAA late last year that spawned large scale protests. Sukhbir Singh Badal has attacked Centres callous insensitivity to minority sentiments. The shift from the Vajpayee eras emphasis on coalition dharma to the Modi eras emphasis on single party dominance has left allies chafing. Neither have BJPs sharp tactics in pushing through legislation in the just concluded monsoon session of Parliament without much discussion or debate, and including the controversial passage through just a voice vote of the crucial farm bills endeared it to other parties.
BJP needs to develop a more accommodating style, reach out to political parties across the spectrum and build political capital with allies and potential allies. Else it may face increasing resistance in Parliament or in states even when it is pursuing a productive agenda.
This piece appeared as an editorial opinion in the print edition of The Times of India.
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