The Prometheus League
Breaking News and Updates
- Abolition Of Work
- Ai
- Alt-right
- Alternative Medicine
- Antifa
- Artificial General Intelligence
- Artificial Intelligence
- Artificial Super Intelligence
- Ascension
- Astronomy
- Atheism
- Atheist
- Atlas Shrugged
- Automation
- Ayn Rand
- Bahamas
- Bankruptcy
- Basic Income Guarantee
- Big Tech
- Bitcoin
- Black Lives Matter
- Blackjack
- Boca Chica Texas
- Brexit
- Caribbean
- Casino
- Casino Affiliate
- Cbd Oil
- Censorship
- Cf
- Chess Engines
- Childfree
- Cloning
- Cloud Computing
- Conscious Evolution
- Corona Virus
- Cosmic Heaven
- Covid-19
- Cryonics
- Cryptocurrency
- Cyberpunk
- Darwinism
- Democrat
- Designer Babies
- DNA
- Donald Trump
- Eczema
- Elon Musk
- Entheogens
- Ethical Egoism
- Eugenic Concepts
- Eugenics
- Euthanasia
- Evolution
- Extropian
- Extropianism
- Extropy
- Fake News
- Federalism
- Federalist
- Fifth Amendment
- Fifth Amendment
- Financial Independence
- First Amendment
- Fiscal Freedom
- Food Supplements
- Fourth Amendment
- Fourth Amendment
- Free Speech
- Freedom
- Freedom of Speech
- Futurism
- Futurist
- Gambling
- Gene Medicine
- Genetic Engineering
- Genome
- Germ Warfare
- Golden Rule
- Government Oppression
- Hedonism
- High Seas
- History
- Hubble Telescope
- Human Genetic Engineering
- Human Genetics
- Human Immortality
- Human Longevity
- Illuminati
- Immortality
- Immortality Medicine
- Intentional Communities
- Jacinda Ardern
- Jitsi
- Jordan Peterson
- Las Vegas
- Liberal
- Libertarian
- Libertarianism
- Liberty
- Life Extension
- Macau
- Marie Byrd Land
- Mars
- Mars Colonization
- Mars Colony
- Memetics
- Micronations
- Mind Uploading
- Minerva Reefs
- Modern Satanism
- Moon Colonization
- Nanotech
- National Vanguard
- NATO
- Neo-eugenics
- Neurohacking
- Neurotechnology
- New Utopia
- New Zealand
- Nihilism
- Nootropics
- NSA
- Oceania
- Offshore
- Olympics
- Online Casino
- Online Gambling
- Pantheism
- Personal Empowerment
- Poker
- Political Correctness
- Politically Incorrect
- Polygamy
- Populism
- Post Human
- Post Humanism
- Posthuman
- Posthumanism
- Private Islands
- Progress
- Proud Boys
- Psoriasis
- Psychedelics
- Putin
- Quantum Computing
- Quantum Physics
- Rationalism
- Republican
- Resource Based Economy
- Robotics
- Rockall
- Ron Paul
- Roulette
- Russia
- Sealand
- Seasteading
- Second Amendment
- Second Amendment
- Seychelles
- Singularitarianism
- Singularity
- Socio-economic Collapse
- Space Exploration
- Space Station
- Space Travel
- Spacex
- Sports Betting
- Sportsbook
- Superintelligence
- Survivalism
- Talmud
- Technology
- Teilhard De Charden
- Terraforming Mars
- The Singularity
- Tms
- Tor Browser
- Trance
- Transhuman
- Transhuman News
- Transhumanism
- Transhumanist
- Transtopian
- Transtopianism
- Ukraine
- Uncategorized
- Vaping
- Victimless Crimes
- Virtual Reality
- Wage Slavery
- War On Drugs
- Waveland
- Ww3
- Yahoo
- Zeitgeist Movement
-
Prometheism
-
Forbidden Fruit
-
The Evolutionary Perspective
Daily Archives: October 28, 2021
How Canada can leave 83 per cent of its oil in the ground and build strong new economies – The Conversation CA
Posted: October 28, 2021 at 8:59 am
Burning coal, oil and natural gas accounts for nearly 90 per cent of the worlds carbon dioxide emissions. If we are to have a 50 per cent chance of limiting global warming to 1.5 C, more than 83 per cent of Canadas oil reserves must stay underground.
Yet the newly re-elected Liberal government, which has put climate change policy at the centre of its agenda, is planning a long life for fossil fuels. Instead of keeping them in ground, the Liberals have committed to capping and reducing emissions from the sector and then offsetting any remaining emissions by 2050.
This would allow an indefinite future for fossil fuel production in Canada. It would require massive public investments in carbon capture and storage and create dubious accounting schemes that would move emissions off the books but not stop them from being produced.
Through the Corporate Mapping Project, my colleagues and I have been investigating the power and influence of the fossil fuel industry in Western Canada. This research shows that the industry only survives the politics of the climate crisis if it convinces politicians that net-zero will work and a future without fossil fuels is especially bleak.
But keeping 83 per cent of Canadas oil in the ground doesnt mean turning the tap off over night. It means winding down the industry using our skilled trades while also building out new lines of work that will remediate the land and focus on taking care of one another.
Much of Canadas oil must stay in the ground because Canadian oil is harder to reach most of it is found in oilsands in northern Alberta, making it hard to extract, process and transport and heavier than the light sweet crudes being produced in places like the Middle East. On a per barrel basis, Canadian oil produces more greenhouse gas emissions, costs more to extract and fetches a lower price on international markets.
In an era of climate action, Canada is attempting to keep its industry, which accounts for roughly five per cent of the countrys GDP, afloat through huge public subsidies estimated at between $2 billion and $63 billion per year. But the mirage of net-zero oil production is blind to the full life cycle of oil-related carbon emissions it does not consider the emissions produced by consuming oil and gas, only those associated with producing the oil.
Read more: Climate change: ditch 90% of world's coal and 60% of oil and gas to limit warming to 1.5C experts
The oil and gas that is produced in Canada will be burned domestically and internationally in combustion engines and gas-fired power plants. These scope 3 emissions, which can account for upwards of 90 per cent of the emissions associated with the complete life cycle of oil and gas, will no longer be tolerated in jurisdictions around the world trying to reduce their greenhouse gas emissions to zero.
Phasing out fossil fuels does not mean turning off the tap tomorrow. It does mean that todays production is the peak, and that from here on out extraction and infrastructure must decline over time, reaching close to zero production by mid-century.
This leaves time to plan appropriately and support fossil fuel workers and their communities in an orderly transition. If we start now, we have time to wind down one part of our economies while ratcheting up others like renewable energies, environmental remediation, energy efficient housing and low carbon work in the caring professions, including elder and child care, health care and education.
In fact for every dollar spent, the number of direct and indirect jobs created in these sectors far exceeds those in oil and gas extraction.
Some economies will be disproportionately affected Western Canada and Newfoundland will feel the brunt of the effects. They and rural areas will need more support and attention.
There is significant debate about what an orderly phase out of oil and gas could look like. Some suggest the industries should be nationalized, so as to stop their powerful tactics of denial and delay. In this scenario Crown corporations would preside over the wind-down, shuttering the most costly and emissions-intensive production first, and investing the proceeds of oil production in the remediation and reclamation of oil infrastructure sites.
Over time, the public corporations would transition from extracting oil and gas to cleaning up oil wells, mine sites and pipelines, keeping fossil fuel workers employed using their existing skill sets.
A recent study looked at how California might limit fossil fuel production to reduce carbon dioxide emissions. When the state stopped approving new permits for oil wells, the natural rates of depletion of existing wells would cut production 70 per cent by 2030 and substantially lower greenhouse gas emissions globally.
Perhaps the most significant challenge in winding down the industry is how to clean up its vast infrastructure while ensuring that the public is not left to pay for it. Oil and gas companies often lease land for their infrastructure or to access their mineral rights where the surface is already being used for other purposes, such as farming and ranching, parks or private dwelling.
My research on rural oil-producing communities in Saskatchewan regularly turned up disgruntled landholders who were dealing with unremediated well and battery sites, and small pipelines. This infrastructure can leak oil, gas and salt water, affecting crops, emitting potent greenhouse gases and contaminating surface and ground water.
Read more: The growing cost to clean up abandoned and orphaned wells
The number of inactive wells wells that are not producing oil and need to be cleaned up has grown precipitously in the past decade, and municipalities and landowners are complaining of unpaid property taxes and surface leases.
The Alberta Liabilities Disclosure Project highlights that the liabilities of the Alberta industry alone have been estimated at $58 billion to $260 billion. With only $1.5 billion held in securities, governments need to plan now for how they will recover the cleanup bill.
Governments could create public reclamation trusts, funded by increased oil and gas securities, royalties and taxes, that would employ oil and gas workers to clean up the industrys infrastructure. By remediating the land they would be building the groundwork needed for the next economies.
See more here:
Comments Off on How Canada can leave 83 per cent of its oil in the ground and build strong new economies – The Conversation CA
Car linked to Latimore murder in north Qld – Daily Liberal
Posted: at 8:59 am
news, national
A car has been linked to the suspected murder of north Queensland mother Rene Latimore, whose body was found on a rural property near Mackay in August. Ms Latimore was reported missing from Koumala, south of Mackay, on August 18 and her body was found 11 days later. Police have released few details about the case but she's suspected to have been murdered, with homicide detectives trying to track down a car linked to her death. They released photos on Thursday of the car travelling on Schirmer Rd, Koumala, on the evening of August 9. "Anyone with information regarding this vehicle or information in relation to Rene's death are urged to contact police," detectives said in a statement. Police have also appealed for anyone who had any form of contact with Ms Latimore in the months before her death to come forward. Detective Inspector Tom Armitt said last month that the property where her body was found belonged to Ms Latimore's family for "quite some time". But he said it was recently sold and the family was yet to vacate the site. The property is more than 240 hectares and consists of grazing land, dense bush and rainforest. Australian Associated Press
/images/transform/v1/crop/frm/silverstone-feed-data/a7c258d3-8554-4814-822a-b44380482026.jpg/r0_74_800_526_w1200_h678_fmax.jpg
A car has been linked to the suspected murder of north Queensland mother Rene Latimore, whose body was found on a rural property near Mackay in August.
Ms Latimore was reported missing from Koumala, south of Mackay, on August 18 and her body was found 11 days later.
Police have released few details about the case but she's suspected to have been murdered, with homicide detectives trying to track down a car linked to her death.
They released photos on Thursday of the car travelling on Schirmer Rd, Koumala, on the evening of August 9.
"Anyone with information regarding this vehicle or information in relation to Rene's death are urged to contact police," detectives said in a statement.
Police have also appealed for anyone who had any form of contact with Ms Latimore in the months before her death to come forward.
Detective Inspector Tom Armitt said last month that the property where her body was found belonged to Ms Latimore's family for "quite some time".
But he said it was recently sold and the family was yet to vacate the site.
The property is more than 240 hectares and consists of grazing land, dense bush and rainforest.
Australian Associated Press
Excerpt from:
Comments Off on Car linked to Latimore murder in north Qld – Daily Liberal
Why are we shocked by Waqars Namaz bouncer? Thats how Pakistan thinks about India – Firstpost
Posted: at 8:59 am
What the former cricketer impulsively said in a TV interaction was nothing but truth, something Pakistanis would talk about in private conversations
File image of Waqar Younis. AP
Everyone is shocked. No, he cant say that, says a friend. Later gaining her composure, she exclaims, How can he say such things? He always seemed so non-fundamentalist-type. This has been the reaction, ranging from utter disbelief to outright rage, on Waqar Younis recent statement. The former Pakistani cricketer said in a television interaction that the best thing for him was to watch Mohammad Rizwan offernamazin front of Hindus during the T20 World Cup match against India.
There were others in Pakistan who said far worse things than him. For a Pakistani commentator, the victory was the end of kufr. And the countrys Interior Minister saw it as the victory of Islam! But none hurt the Indian psyche more than Younis bouncer, though equally distasteful was the reaction of a few Indian liberals who saw Team Indias humiliation as Prime Minister Narendra Modis Waterloo moment. One such 'liberallunatic', who happens to be the national media coordinator of the Congress, went to the extent of asking the Bhakts: Hows the taste? She later gave a lame excuse, saying her tweet wasnt meant for cricket!
Be that as it may, the big question remains: Why are we so outraged by Waqar Younis statement? Yes, its an atrocious comment, especially coming from one of the finest cricketers of his time. But arent we talking about Pakistan which, to use Sir Vidia Naipauls term, is a kind of religious ecstasy, something beyond reason Its fantasy land, where the fundamental rage is against its own past, where history has become a kind of neurosis. No wonder the land which should have prided itself in being the birthplace of the worlds oldest civilisation we call it the Saraswati Civilisation; they may in their jingoism retain its Harappa and Mohenjo-daro nomenclatures officially recognises Mohammad bin Qasim, the Arab invader who attacked Sindh in 712 CE and killed and enslaved the very ancestors of the people who are eulogising him today, as the first citizen of Pakistan!
But why go that far back in history to understand that Pakistan is not a normal state? This is a country that was not created out of blood and sacrifice of freedom fighters but by dubious collaboration with the British and hence the slogan of that era:Hans Ke Liya Hai Pakistan, Lad Kar Lenge Hindustan. It was created in the name of Islam, but its Qaid-e-Azam loved to drink alcohol, eat pork, smoke 50 cigarettes a day, and dress like an English gentleman. In the early 1970s, it was a socialist Prime Minister in Zulfikar Ali Bhutto who introduced radical Islam in the country a trend which gained momentum under Gen Zia-ul-Haq. Then, there was Benazir Bhutto, believed to be one of the most liberal Prime Ministers of that country, who presided over the Talibans first rise in Afghanistan in the 1990s.
General Pervez Musharraf did not blanch at whiskey, danced when the mood was upon him, as Steve Coll describes him in his Pulitzer Prize-winning book,Ghost Wars, and yet he believed firmly in the necessity of the Taliban. And today, it has a prime minister who blames fahashi (vulgarity) for the rise of rape and sexual violence in that country, but according to his biographer Christopher Sandford, he visited all the famous nightclubs in the UK and Australia, and would love to meet and court women.
Pakistan remains an enigma for the world. Ask the Americans. They know they are being cheated, and still they come back to her (Pakistan) knowing well that she is in love with another man (China). And that she is just after his money! But we Indians should have known Pakistan by now. How much more blood has to be shed by our people and jawans to realise that theres nothing neighbourly about that country. Pakistans existence is based on anti-India-ism. You remove that hatred, and the very rationale of its existence goes away. And the fundamental basis of that hatred is religious. For them, we are Hindus. And Hindus are treacherous people.
We are shocked because we still havent fully comprehended the true nature of Pakistan. Shatrubodh is very important. We first need to realise who our enemy is. Only then will we be able to prepare ourselves better against them. Pakistan doesnt have any such dilemma. One just needs to read the works of C Christine Fair, one of the best minds in Pakistan who has spent a long time in that country to understand its psyche. In her 2014 book,Fighting to the End: The Pakistan Armys Way of War, she explains how the Pakistan Armyan institution looked up with a lot of admiration and awe in Pakistansees itself not just as the protector of Pakistans territorial frontiers but also its ideological frontiers.
According to Fair, the Army views its struggle with India in existential terms. For Pakistans men on horseback, not winning, even repeatedly, is not the same thing as losing. But simply giving up and accepting the status quo and Indias supremacy, is, by definition, defeat. As a former Chief of (Pakistan) Army Staff explained to me in 2000, Pakistans generals would always prefer to take a calculated risk and be defeated than to do nothing at all, she says.
This mindset explains Pakistans continued support to terrorism in India. This also reveals why that countrys Interior Minister could see Pakistans win over India in the T20 World Cup match as the victory of Islam! By that explanation, werent its previous 12 losses the defeat for Islam? But Pakistanis dont and wont see that way. In their fantasy world, being defeated is not defeat. For them, doing nothing against the enemy is defeat! This also explains why India must be prepared for a perpetual state of warfare, overt or covert, with Pakistan. For us, the real problem is the idea of Pakistan.
Former Ambassador Rajiv Dogra shares an interesting anecdote in his bookWhere Borders Bleed. He quotes one of his friends asking a Pakistani minister what his greatest wish was during his ministerial tenure. The minister stretched both his hands in front of him, opened his palms facing skywards and said, If God were to grant me a wish I would ask him to place a nuclear bomb each on my palms. Then with a satisfied smile, he turned his palms downwards and added, One I would drop on Bombay, the other on Delhi.
This is the story of India and Pakistan. What Waqar Younis impulsively said in a TV interaction was nothing but the truth, something Pakistanis would talk about in private conversations. Just like the minister and his wish to nuke Bombay and Delhi. Truth often comes out in an unusual manner. The real shocker is not what Younis said. The real shocker is why we are so shocked about it!
Read the rest here:
Why are we shocked by Waqars Namaz bouncer? Thats how Pakistan thinks about India - Firstpost
Comments Off on Why are we shocked by Waqars Namaz bouncer? Thats how Pakistan thinks about India – Firstpost
Canadian government urged to rescue Afghan interpreters long before American withdrawal, leaked emails reveal – CBC.ca
Posted: at 8:59 am
The Canadian government's stance has long been that no one could have possibly known how quickly the security situation would deteriorate in Afghanistan, but an investigation by CBC's The Fifth Estate reveals it had plenty of warning.
With the U.S. military's evacuation from Afghanistan this summer bringing America's longest war to an end Afghan interpreters and mission staff who had worked alongside the Canadian Armed Forces were left at the mercy of the Taliban, who considered them traitors for having assisted Western allies.
The Fifth Estate obtained more than 200 pages of documents, reports, interpreter's biographiesand support letters as well as 45 leaked emails sent to Canadian cabinet ministers and their staff, well before the American pullout, making the case to rescue those Afghan nationals.
"They had so much time to act on this, and they didn't," Robert St. Aubin, who worked as a legislative assistant in the House of Commons, told The Fifth Estate.
"And then when they did act on it, they did it in such a convoluted and complicated, untransparent and such a bureaucratic, cautious manner that it resulted in ... thousands of people being left behind."
When Canada's combat mission in Afghanistan ended in 2011,soldiers left behind local Afghans former interpreters and mission staff who helped them navigate the country they had landed in nine years earlier.
Canada never made written commitments, but there was an understanding among interpreters and veterans that those who had risked their lives to assist Canadian efforts would be taken care of.
In February 2019, the office of the Thunder Bay-Rainy River MP at that time Don Rusnak took notice of a local veteran campaigning to bring interpreters he had worked with in Kandahar to Canada and wrote to Immigration Canada on their behalf.
The documentation was comprehensive including letters of commendation from the Canadian Armed Forces, along with letters of intimidation from the Taliban. However, the response Rusnak's office got from the government was underwhelming.
"I don't want to say that they didn't care," St. Aubin, who was working for Rusnak, told The Fifth Estate. "But it was that they didn't seem all that interested, right? It just seemed like another immigration case to them."
In the 2019 federal election, Marcus Powlowski, a medical doctor from Thunder Bay, won the Thunder Bay-Rainy River seat for the Liberals and the interpreters' file landed on his desk. He continued reaching out to Immigration, Refugees and Citizenship Canada on their behalf.
"You'd think that a person who's essentially a war hero an interpreter who essentially is a veteran himself you'd think he'd be given some help," said St. Aubin, who then started working for Polowski. "There was nothing. Absolutely nothing."
The exchanges between Powlowski's office and the immigration minister at the time,Marco Mendicino, began in February 2020 and went on for months, without any apparent result.
Powlowski told The Fifth Estate it wouldn't be politically wise for him to discuss his emails.
WATCH | Warningswere sent to the immigration minister's office:
By that point, eight months had passed since the U.S. government's negotiations with the Taliban, which were aimed at ending the war in Afghanistan and bringing American troops home.
The Taliban were gaining strength and other Canadian veterans were also getting urgent requests from former colleagues and friends trying to get out of Afghanistan.
"They are begging for help and claiming Canada has forgotten them," Polowski wrote to Mendicino in October 2020.
By November 2020, more groups joined in raising the alarm.
Abdul Hakim Azizi worked as an interpreter in 2010 and did over a hundred missions with the Canadian Armed Forces.
Since people knew he had worked with Canadians, he said it put him in serious danger for possible retribution from the Taliban.
In late December 2020, 17 Liberal MPs signed a letter sent to Mendicino and Francois-Philippe Champagne, then the minister of global affairs, supporting Powlowski in his efforts to help Afghan interpreters. The following week, another seven members signed the same letter.
Still, it seems nothing was happening, or if it did, it wasn't known to Powlowski.
In March 2021, after several email exchanges, Powlowski again wrote directly to Mendicino, saying: "I am getting somewhat frustrated with the lack of movement on this file. It will look very bad for our government if one of these people is murdered while waiting for our government's response."
Mendicino responded via email 20 minutes later.
"We'll schedule a call so I can give you an update, and then we can take it from there," he wrote.
They met a few days later, giving a glimmer of hope to Powlowski, St. Aubin and the interpreters they were in touch with. However, nothing changed, according to St. Aubin.
"It's a tough situation," said Azizi. "Where's the... humanitarian help or things that we do for people?
"It's not about living in Canada or living in Afghanistan, it's about humanity."
In April 2021, U.S. President Joe Biden announced a complete U.S. withdrawal from Afghanistan. Two weeks later, the Taliban started its full offensive.
The next month, Powlowski wrote one last email. He addressed it to Mendicino, other Liberal MPs and cabinet ministers including Foreign Affairs Minister Marc Garneau and Defence Minister Harjit Sajjan at the time, using their personal email addresses.
He wrote thathis office was getting numerous emails from Afghan interpreters who had helped the Canadian military.
"Almost all of them are moving from house to house in order to escape the Taliban. Many have sent us copies of death threats from the Taliban." he wrote.
"I have to say, I am getting really pissed off at our government's lack of action on this," he added. "Forty years from now, will there be another prime minister apologizing yet again for our failures to do what is so obviously right?"
According to documentation obtained by The Fifth Estate, he didn't get a response from any of the recipients.
In an interview with The Fifth Estate, Mendicino said he remembers the letter.
"My thinking was that it was a priority, that we needed to keep an open line of communication with MP Powlowski, as we did."
Others had also noticed the government's apparent inaction and were getting worried.
Among them were three retired CAF generals David Fraser, Denis Thompson and Dean Miller, who wrote their own open letter to Mendicino asking "the government to take decisive action and bring our interpreters to safety in Canada."
By June 2021, the Taliban gained control of nearly half of Afghanistan's district centres and in the areas they captured, there were reports of violent retribution against those who had supported international forces.
It would still be more than a month before Canada announced a fast-tracked immigration process for Afghan nationals who worked for Canadian troops and staff.
At a news conference in Ottawa on July 23, 2021, Mendicino acknowledged that the risk of retribution from the Taliban was grave, adding that people who worked with Canada, as well as their families, are often subject to intensifying threats of violence, torture and death.
"Not only does Canada owe them a debt of gratitude, we have a moral obligation to do right by them," he said.
It had been at least a year and half since Polowski had first reached out to Mendicino's office, in February of 2020.
WATCH | A harrowing journey to the Kabul airport:
Although the program offered hope, Fraser said it shouldn't have taken a crisis to get people out.
Frustrated by Canada's lack of action, Fraser, along with a group of volunteers private individuals who included retired military officers, veterans, diplomats, aid workers and journalists across Canada and abroad started using their own time, connections and money to move Afghans to safety.
"We have a humanitarian crisis where we've got to get people out fast, and the government doesn't work fast," Fraser said.
WATCH | Immigration Minister Marco Mendicino on the Afghanistan campaign in August:
Since the summer, the volunteer group says, it has moved more than 300 Afghan interpreters and staff over land, eventually bringing them to Canada. They've gone from a hundred names to more than 2,000 applicants and their families and are spending $10,000 a day on food, lodging and security all funded by donations.
It's not just Canadians who are part of this citizen effort. From the ground in Afghanistan, and upon landing in Canada, former interpreters have joined the ranks of the volunteer-run mission to help get others out.
When Wali was still in Afghanistan, he was approached by the executive director of Aman Lara (the name means Sheltered Path in Pashto) a non-governmental organization that is also the volunteer group's operational arm. (CBC has agreed not to use Wali's real name because he fears for the safety of his family who is still in Afghanistan.)
Wali worked as an interpreter from 2009 to2011 and had been trying to leave the country since 2014. But he said "there was no way" to leave.
After navigating theprocess of applying for the special immigration measures program put in place for interpreters, Wali arrived in Canada on Sept. 2, 2021.
Since then, he has been working out of the basement of Aman Lara's makeshift offices in Ottawa. Along with other former interpreters, Wali spends his days communicating in Pashto and Dari with those stuck in Afghanistan who feel that Canada is their only way out.
"I have suffered a lot to get out of Afghanistan," he said. Now that he's out he feels it's his duty to "help my colleagues who used to work with me."
Kynan Walper, Aman Lara's operations officer, said such efforts are critical work the group can't do. "They're doing what our government should be doing."
In an interview with The Fifth Estate, Mendicino said: "I think it is incumbent on any responsible government to embrace the goodwill of volunteers who have the relationships on the ground.
"I do believe that it is too early to render a final judgment on the success of this operation."
However capable the network of volunteers is, they cannot issue documentation. And after months of operations, the group's funding is running out.
Although Mendicino told The Fifth Estate the government is finalizing funding for the volunteer group, at the time of publishing the group had not received any government money for the safe houses.
Last week, the group began issuing eviction notices to many of the Afghans taking refuge in the volunteer-run safe houses and who are still waiting to be evacuated from Afghanistan.
Walper saidhe gets emails all day from Afghans who are "in complete terror" because of how dangerous things are.
"It's dire, our financial situation," Walper said. "We can't do this without the government. It's the only way this is going to work in the long term."
View original post here:
Comments Off on Canadian government urged to rescue Afghan interpreters long before American withdrawal, leaked emails reveal – CBC.ca
The Greek National Anthem and its Meaning – Greek Reporter
Posted: at 8:59 am
The Greek National Anthem is one of the most recognizable anywhere in the world and it is the longest of any such song, written by the countrys National Poet, Dionysios Solomos. Credit: Public Domain
The Greek National Anthem is one of the most recognizable anywhere in the world and it is the longest of any such song, written by the countrys National Poet, Dionysios Solomos.
Its title is (Hymn to Liberty). It was written as a 158-stanza poem in 1823 on the Greek island of Zakynthos and printed one year later in Missolonghi.
The Solomos poem was inspired by the brave men who fought in the Greek War of Independence and Greeces incredibly long, rich history.
In 1865, the King of Greece, George I, visited Corfu and heard the islands philharmonic band performing the first three stanzas, which had been set to music by the operatic composer Nikolaos Mantzaros.
The King was so impressed that he ordered the bands music to be played during official events; thus the Hymn to Liberty instantly became the National Anthem of Greece.
Beginning in 1966, it became the National Anthem of Cyprus as well, after a decision by its Council of Minsters.
The Hymn to Liberty deals with several themes from the War of Independence others from the long and illustrious span of Greek history.
The poet presents the goddess of liberty and recalls the past martyrdoms that occurred during the history of the country and the revolt of its slaves under foreign rule as well as the joys of being a Hellene.
Solomos also speaks of the the disdain European rulers had for Greece and the contemptuous indifference of the Greeks for their pro-Ottoman stance.
In stanzas 35-74 of the Greek National Anthem, the poet describes the battle and the fall of Tripolitsa, the Turkish capital and stronghold of the Peloponnese.
Stanzas 75-87 speak of the Battle of Corinth and the destruction of the mighty army ofDrama Ali in Dervenakia.
The first siege of Missolonghi in 1822 and the drowning of the Ottomans in the river Acheloos are described in stanzas 88-122 of the song.
The courageous naval engagements of the War, mainly the burning of the Turkish flagship near Tenedos, are described in stanzas 123-138, as well as the Turks barbarichanging of Gregory, the Patriarch of Constantinople.
In the Epilogue (139-158) of the Greek National Anthem, the poet advises the former fighters to rid themselves of their harmful discord and petty differences and urges the powerful of Europe to allow Greece to be fully liberated.
1. I do know thee by the direfulcutting edge of thy keen swordI do know thine eye stare irefulcounting fast the lands restored
2. Thou camest forth off the departedGreeks who died and lived for theeand like erstwhile stoutheartedHail oh hail thee Liberty
3. There inside thou wert stayingreticent, embittered toofor a summon thou wert prayingtelling thee come back anew
4.That good day was always tarryingevery thing was mute aroundfor oppression was scaringand by slavry they were bound
5. Woe is thee! Thine only solacesitting lone telling with sighglories past when thou wert awelessand recounting them to cry
6. And awaiting the invitingliberal strong voice to darethine one hand the other smitingout of sorrow and despair
7. saying will, ah! will I neverraise my head from these lorn wilds?From above replies as everwails, chains, fetters of all kinds
8. Then thine eyes thoudst lift up weeping,hazy, full of tears and red,on thy dress unendly drippinggobs of Greek blood vainly shed
9. With thy clothes blood-soaked and reekingI would thou kepst on sneaking outto the foreign countries seekingfurther hands both strong and stout
10. All alone thou hadst departedand thou camest back all alonefor the gates will not get partedwhen tis need whos knocking on
11. Others on thy bosom cryingbut they offered no respite,others help with words supplyingbut were fooling thee on spite
12. Others, woe! by thine misfortunewere delighted and would bray,go away to join thine orphans,go the obdurate would say
13. Now thy feet homewards toiland they overswiftly rollon the rock or on the soilwhich thy glory do recall
14. Overlowly it is bowingtriple-wretched thy sad head,beggar. door to door whos goingand their life a weight too dead
15. Aye, but now theyre counterfiringall thy seed with urge and mirth,and theyre seeking firm, untiringeither victory or death
16. Thou camest forth off the departedGreeks who died and lived for theeand like erstwhile stoutheartedHail oh hail thee Liberty
17. When the sky beheld thy gumption,who, for the oppressing brute,in thy motherland with kindnessnourished flowers both and fruit,
18. was relieved, and it startedan infernal blare to pour,and to thee response had dartedRigas battle crying roar
19. Each one of thy lands have called theewarmly greeting thee with wishand the mouths are shouting boldlywhat the heart wilt not dismiss
20. Yells that reached the stars in heavenfrom Ionian islands too,loads of raised hands keep on wavingshowing how their cheer was true
21 although chained and separatedeach one with a slick decreeand their forehead decoratedwith Deceitful Liberty
22. Heartily pleased and affectedwas the Washingtons free landand the chains had recollectedthat detained her on remand
23. From his castle he is roaringjust like greeting what is doneand his mane he shakes stormingthe Lion the Spaniard one
24. He was startled in his quartersEnglands furious beast who hathsent to the far Russian cornersloud the growling of his wrath;
25. with a posture clearly showinghow much muscle hide his arms,in Aegean waves hes throwingan inflamed stare that alarms
26. Through the clouds above he spots theetoo the Eagles eye while hiswings and claws are growing doughtyon Italian carcasses
27. and against thee he turns hostile,since forever hating thee,squawks and squawks the bloody foe whiletrying to impede thy spree.
28. Yet thou thinkest about nothingelse than where thou shouldst go first,thou repliest not, nor dost somethingfor all those who have thee cursed,
29. like tall mountain which is lettingthe brash filthy water flowto his feet and just there settingthe foul scum that soon will go,
30. which is letting the strong whirlwindhailstorm too and heavy rainto strike on with their harsh whippingits eternal peak in vain
31. Woe to him! Oh woe to him whofatelorn will be found abreastthy keen sword and hath a whim tostay and put it to the test
32. The foul monster is now thinkingthat hes missing his stray cuberst hes cringing then hes springingand hes craving human blood,
33. now hes running through all forestsmountains, fields, ravines and earth,where he stood or passed the harvestshorror, desolation, death.
34. Horror, death and desolationeverywhere thou hast passed toofor it brings thee indignationenmy sword unsheathed to view
35. Behold, the walls that stand tall yonder,Tripoli the loathsome pit,judgements both and terrors thundernow thou wishst to cast on it
36. Victories against the felonsfilled the eyes with grit and grin,blind to their inundant weaponsand to their war cheering din
37. Shaking fists at thee and grindingteeth they try to show their scads.Hearken thou not to the frightningmyriads, men and callow lads?
38. A few mouths and fewer eyeswill remain you open, shame,to bewail for the demiseof all lifes the woe shall claim!
39. They come forth and started clashingsparking battles lightning glutmuskets loading, firing, flashingsword blades glisten, thrash and cut
40. Whys the fight already ending?Whys there also scanty blood?I behold the foes ascendingto the castle swift they scud.
41. Count! Theyre numberless the cravenwho are running for their life,they prefer their backs shot gravenlest they stay and taste the knife
42. Stay locked in, well soon advance there!Wait until you sure attrite!Wait, the end is coming, answer,in the darkness of the night!
43. They responded and the battlestarts and sets the place afireridge to ridge the buzz and rattlesounding turbulent and dire
44. I can hear the muskets ploppingand the swords that clang beneathI can hear the axes choppingand the grinding of the teeth
45. Ah, what a night this was, itfills the intellect with dread!There was nother sleep nor pausingsave the bitter of the dead.
46. The time and the place of action,the ado, the screaming folk,the extreme cruelhearted passionmarking war, the rising smoke,
47. the loud blasts, the dark and hazysetting pierced by fiery bursts,closely representing Hadeseager to receive the curs,
48. waiting for them. Countless shadowsshowing, naked on their feet,daughters, elders, laddies, widows,babies hooked still to the teat.
49. All pitch-black tis now swarmingblack the sepulchred sad crowdlike an acrid pall of mourningon the deathbed, a dark cloud
50. Lashings, lashings massed unalteredsprouting from the soils backstage,all of them injustly slaughteredby the rampant turkish rage
51. Many as the ears cradledupon harvesting the fields,almost all these parts were tangledcovered with these tragic yields
52. Here and there throughout the bustlehazy starlight stirred the flockas they headed to the castlein a deathlike silent walk
53. Likewise at the plains below indensely vegetated woods,each time the half moon is throwinglittle pale light that dilutes
54. in the winds, that softly rustlethrough packed branches stripped of leaves,the dim spots quake and jostlewhere the offshoots touch their peers.
55. With their eyes they keep on glancinground to find the pools of blood,in the blood theyre wildly dancing,their hoarse growlings turn to flood
56. and cavorting they are bunchinground the Greek ferocious bandsand the valiant breasts are touchingwith their lifeless wintry hands
57, This benumbing touch is goingdeep inside the inner partsletting out the grief theyre stowingleaving merciless the hearts
58. Thus tis horrifyingly growingthis pernicious fighting dance,like a squall unruly blowingin the lonely seas expanse
59. High and low theyre striking madly,each and every hit they landtis a hit severe and deadly,without need for second hand
60. Every body sweating, churningas if from within its soul,sick of hatred fiercely burning,strives by any means to soar
61. The beats of the heart are thwackingin their breasts slow and miffedand their arms whenever smackingare two or more times as swift
62. For all them there is no heaven,nor high sea, nor even ground,for the upper world and netherconcentrate in their surround
63. The excitement and the furyare so stark, as both sides striveresolute, that makest thee worryno man will be left alive
64. Behold the misry cumulatedin these hands that rip life threads!On the earth fall mutilatednumerous legs, arms and heads,
65. scabbards, swords and baldrics,sculls severed or slit in two,brains lay strewn all over watry.steaming guts the bodies spew.
66. No one would pay even noticeto the slaughter just a bit,they all forge ahead atrocious.Stop! Enough! When will you quit?
67. No man deigns to leave as optionsave for when he shall lay done.They dont feel at all exhaustionas if they have just begun
68. Now the curs are getting fewerAllah they are yelling loudbut the Christian lips are truerfire fire is their shout
69. Lionhearted they are batteringfoes hard, screaming always firethe flagitious thugs are scatteringscreeching Allah they retire
70. Fright and dust clouds in all quarterspainful sighs, the helpless cry,all around faint moans and horrorsand all over people die
71. Oh how many! Yet the lead shotdoesnt echo in their ears.all now laying where the dead rotwhen the fourth dawn sheds its tears
72. River the blood of the slaughteredturning the ravine to slue,and the innocent grass wateredwith mens blood instead of dew
73. New dawns breeze, how effervescent,thou no longer blowst acrossto the foul-believers crescentblow thou, blow thou to the Cross!
74. Thou camest forth off the departedGreeks who died and lived for theeand like erstwhile stoutheartedHail oh hail thee Liberty
75. There behold the fields of Corinth,but suns light does not get throughon the planetrees tisnt pouringor on vineyards, waters too
76. In the easeful aether, startling,not a carefree sound would fleet,not a fifes jovial warbling,not a lamb would only bleat.
77. Thousands of soldiers rushinglike the waves unto the shore,but thy stalwart braves are dashing,they keep count not anymore
78. Oh three hundred Spartans raise yeon this land return anewand your children proudly gaze yehow much they resemble you!
79. Oer your braves the lot are shaken,by their blinded stride apacebarred in Corinth they were takento hide out and shun the chase
80. Sends the angel of destructionfamine and disease who takeshape as skeletons and action,walking side by side they rake,
81. lying on the grass and heavingthey were dying everywherethe forsaken wretched leavingsof disaster, flight, despair
82. Thou divine and unfading,capable of any deed,Liberty, now gory, aching,in the valley is thy tread.
83. In the shadow strung togetherI see them too a row of pearls,dance the virgin throng forever,hand in hand the Grecian girls,
84. choral their step, their voice bracing,eyes erotic full of flair,in the breeze divinely wavingcurls of black and auburn hair.
85. My soul rejoices with the savoury,in the breasts of every one,milk of freedom and of bravery,that will feed their unborn sun
Link:
Comments Off on The Greek National Anthem and its Meaning – Greek Reporter
The Ultimate Guide To Financial Independence And Retire …
Posted: at 8:57 am
Do you want to learn more about Financial Independence and Retire Early (FIRE)? This guide will teach you EVERYTHING you need to know to dive deep into the topic and retire whenever YOU want.
Today, making sufficient money to live a life you love is easier than ever before.
Imagine 50 years ago, the opportunities and the world looked entirely different.
Nowadays you can work in country A and live in country B, you can fly around the world for cheap, and you can design the life you love.
There is an increasing amount of people that are living life on their terms, forming a community. Were the FIRE movement.
The FIRE movement changed my life when I first encountered it in 2018.
It really triggered me to learn more, so I dove into the subject radically.
Ive read dozens of books, including:
In the beginning, it sounded extremely unrealistic to be financially independent by 35 (my current goal, Im now 25).
However, when I started to educate myself, I realized that I can accomplish it!
As they say, knowledge is power!
FIRE is an acronym that stands for Financial Independence Retire Early. There is a growing movement of people who are choosing to live the life they want to live by applying the FIRE principles, so they can retire decades earlier than their peers.
The majority of the FIRE movement is applying these basic principles:
There are two parts of this acronym, FI and RE.
FI stands for Financial Independence. You are financially independent when your income is greater than your expenses. This can be passive income like rent, but also dividend income from your investments.
RE stands for Retire Early. Retiring Early indicates that you never have to work again if you choose to!
Many people who reach FIRE, start doing something they really love. They start monetizing their hobby, helping others, travel full-time, etc.
So the stereotype of sitting at home doing nothing for retirement is completely thrown out of the window!
Retirement is awesome and gives you all the freedom you want! Think about what you want to do when you retire (early) and create your ideal life!
When you put FI and RE together, you get FIRE.
FIRE is about more than just making as much money as you can and retire as young as you can. It is thinking about what makes you happy, mindful spending, and living a life aligned with your values. FIRE is actually a great way to develop as a person!
There are many different ways to FIRE:
Take from the FIRE movement what fits you and your personal goals & desires!
The FIRE movement was started in 1992 when Vicki Robin and Joe Dominguez wrote the book Your Money or Your Life. It popularized the idea of financial independence and not spending your prime years behind a desk.
In the book, there is one thing that really stuck with me. When youre working, you are trading your life energy for money.
When youre working, you are trading your life energy for money.
That means that when you buy something, you are exchanging your time for it.
How many hours have you worked for your jeans? For your car?
This way of thinking completely changed the game for me.
If youre still reading, that means that youre really interested in the FIRE movement. You still want to reach financial independence and retire early.
To make the path to FIRE as straightforward as possible, Ive summed it up in 6 steps.
Im referring to a bunch of articles as well, that could provide you with further reading and a deeper understanding of how you can make your path to FIRE a smooth ride.
I mean, if I would have put allll the info in here, we would be soon over 10,000 words. Thats more of a thesis than an article.
Anyways, enjoy!
Finding your why in the journey to FIRE is super important!
If youre setting a goal and you have clear why you want to reach the goal and what will be waiting for you on the other side, you will be much more motivated.
I want you so seriously think about the next few questions:
With finding out WHY I wanted to pursue financial independence, I noticed that I want to have options. I want to be able to travel when I want, I want to be able to go run on a Wednesday afternoon, and I want to spend time on my passion projects.
When you think about what matters in your life, you quickly find out what things dont matter.
Thats great, because thats where we are going to save the money.
I want you to spend on whatever is important to you and I want you to cut back on the things that are not important to you.
Doing this will speed up your path to financial independence and retire early, enabling you to live your dream life!
Now were start to go into some simple math, in order to calculate your big number.
Exciting!
How much do you need to live your dream life?
Thats the big question.
In calculating your financial independence number, we are going to dive into the safe withdrawal rate (SWR). There is a 4% rule in retirement, meaning that you can withdraw 4% of your portfolio annually to live off.
To transform this to easier math, the rule of thumb is that you need 25 times your annual expenses to retire early. That means when youre spending $12,000 annually, you need $12,000 * 25 which is $300,000.
These returns and this withdrawal of money also includes inflation.
Youve calculated your FIRE number, yess great!
Now, how do we get there?
You FIRE number is based on your net worth.
Your net worth is basically all your assets and liabilities combined. To calculate your net worth, you add up all the assets and you subtract all the liabilities.
Assets are typically things like cash, investment accounts, peer-to-peer loans, and more. Liabilities are typically things like a student loan, car loan, and the like.
If you want to know how much of your net worth is currently available to you if you need it, calculate your liquid net worth.
Compare your net worth to people in the Netherlands and see where you are compared to others!
Make sure that your net worth is going up over time!
Want to have an easy way to calculate your net worth? Without the math? Start Today Tracking Your Net Worth For FREE and see where youre at!
Track Your Net Worth For FREE
Now you know where youre at in terms of net worth, its important to start saving money.
Personally I LOVE saving.
Do you know why?
Because saving money enables me to spend on what I find valuable when I dont spend on the things I dont find valuable.
Its all about your spending being aligned with your values.
I can save over 50% of my income, while I still lead the life I love. For example, in 2019, I traveled around the world for 4 months and still saved 65% of my income.
Yup, you read that correctly.
The best way to see how much money youre currently saving is by tracking your savings rate.
Your savings rate is your savings as a percentage of your income, so simply divide your savings by your income.
If you make $50,000 per year and are saving $20,000, that means youre saving 40% of your income.
How much money are you currently saving?
What is your current savings rate?
There are many different approaches to budgeting and it may not work for anyone.
The problem with the budget is that people often feel limited in the amount that they can spend. The thing is, your budget should enable you to spend where you most want it.
The easiest way to do this is to cut back on the Big Three:
When you can cut back on these three expenses, youre golden.
On average, Americans spend 70% of their income on the Big Three. Meaning that if you can lower that, you can bank the difference.
How can you do that?
A couple of suggestions:
By keeping my rent low, only eating out occasionally, and not having a car, I managed to save 65% of my income in 2019. My goal for 2020 is to save 75% of my income and Im on track to reaching that this year.
This is really speeding up my way to financial independence, a lot!
So where do you start saving? I would say check where youre spending the most each month and see how you can save on that.
Make the big and hard decisions so that you can make a quantum leap and speed up your way to financial independence.
Think about what we discussed before, your money is actually made from your time. So if Im trading my future freedom for this product, would I still want to spend my money on it?
Its up to you to make the decision on about where would you want to spend your money on.
These decisions are very personal.
I was happy to cut back my eating out, to live with roommates until 25, to bike to work, and to spend aligned with what I value. I banked the difference, which leads me to save over $17,000 in 2019.
This $17,000 will be worth double, or $34,000, in 10 years when I want to be financially independent.
Dont you want that for yourself?
It was totally worth it cutting on these things and getting back this amount of savings and investments for it.
Try it for yourself and see how far you can come!
Since Ive started working, Ive been reminded time and time again that your career is your most valuable asset.
Why is that?
Your career is probably the place where you will make the most money. That means that its very important to get paid as much salary as possible.
If youre getting a 4% raise every year instead of a 3% raise, after 45 years of career you reach the traditional retirement age, and you will earn $850,000 extra. Just from that 1% extra salary increase.
I hope this illustrates why maximizing your salary is so important.
I am big on asking for things.
Thats how I got promoted. That is how I got my raise.
Keep learning new things, be good at what you do, and never be afraid to ask!
Related reads:
Starting a side hustle to make some money outside of your day job.
Go here to see the original:
Posted in Financial Independence
Comments Off on The Ultimate Guide To Financial Independence And Retire …
Bank of America Better Money Habits Research Finds That, Despite Barriers, 80% of Gen Z Are Taking Positive Steps Toward Achieving their Financial…
Posted: at 8:57 am
Survey Explores How Ethnicity and Gender Influence Young Adults' Access to Financial Resources and Guidance, Further Underscoring the Need to Address Financial Education Gaps
CHARLOTTE, N.C., Oct. 27, 2021 /PRNewswire/ -- Gen Z is emerging from the pandemic with a greater focus on saving, financial independence, gathering life experiences, and seeking financial education many were without access to in their schools and communities growing up. This is according to new research published today by Bank of America's Better Money Habits exploring what this generation (ages 18 to 24) view as their greatest financial barriers, and how they are taking charge of their financial lives.
(PRNewsfoto/Bank of America Corporation)
"As Gen Z gets started financially and professionally, we see a great deal of motivation and positive steps toward building a solid financial foundation," said Christine Channels, Head of Community Banking and Client Protection at Bank of America. "At the same time, an unmistakable need for more financial education persists among this generation. Through our Better Money Habits platform, we're committed to connecting these young adults to a wide range of resources and guidance to help them develop financial know-how, and navigate barriers to achieving their goals."
Key findings from the research include:
Over the past year, 80% of Gen Zers have taken one or more positive financial actions. Among which, 70% added to savings, 29% mapped out financial goals, 26% contributed to a retirement account, and 26% invested in the market.
Despite financial and other pandemic-related challenges, 68% remain optimistic about their financial future. Nearly 70% also say the pandemic influenced their financial priorities, including a greater focus on saving for future goals (33%) and living a more frugal lifestyle (19%).
Half (49%) describe themselves as fully or mostly financially independent. Among the half still fully (14%) or mostly (36%) dependent on their parents financially, 24% are prioritizing becoming financially independent.
Today, Gen Z views their greatest barriers to financial success as insufficient income to achieve financial goals (46%), lack of job stability (23%) and being unable to save (21%). When asked about the most stressful financial aspects of their lives, Gen Z cites not being able to afford the life they want (37%), lack of emergency savings (33%), student loan debt (22%), health care costs (17%) and simply making it to their next paycheck (11%).
One-third (34%) of Gen Z rate their financial knowledge as low, among whom 40% say they don't even know where to start learning about finances. A significant portion of Gen Z (40%) also say they were never offered a financial education course in school.
Much of Gen Z feels knowledgeable about basic financial concepts including saving (85%), managing money (82%) and budgeting (77%). However, their knowledge levels decrease significantly when it comes to topics that can be critical to a more secure financial future, including saving for retirement (38%), investing (30%) and buying a home (26%).
When asked where they learned about finances, only 33% said in school (K-12 and/or college). Most learned at home or from their family (75%), while 39% were self-taught, 20% learned from friends and peers and 13% from a financial professional.
The research also explored the role of race, ethnicity and gender in access to financial education and opportunities, uncovering:
Story continues
Black/African American Gen Z more likely to be financially independent, cite starting a business in their definition of success
59% of Gen Z in this community identify as mostly or fully financially independent compared to 47% of non-Black/African American Gen Z. They also cited greater knowledge of several financial topics, including filing taxes (59% vs. 39%), saving for retirement (44% vs. 37%) and purchasing a home (41% vs. 24%).
66% carry debt, and of those that use credit cards, 44% have accrued credit card debt more than non-Black/African American Gen Z (51% and 21%, respectively) and are nearly twice as likely to cite debt as a barrier to financial success (30% vs. 17%).
Black/African American Gen Z are nearly 6x more likely to include starting a business in their definition of success (17% vs. 3%), and 2x as likely to cite starting or growing a business as top priority for the year ahead (16% vs. 8%).
Hispanic Gen Z highlight greater gaps in financial education, see homeownership as success
Nearly half (48%) of Hispanic Gen Z say they were never offered a financial education class in school more so than non-Hispanic Gen Z (37%). This community is less likely to feel knowledgeable about building credit (56% vs. 63%), saving for retirement (34% vs. 40%) and filing taxes (28% vs. 45%).
They are more likely to cite lower income (52% vs. 44%) and job stability (31% vs. 20%) among their top barriers to financial success.
Homeownership is especially important to this community: 39% define financial success as owning a home, compared to 26% of non-Hispanic Gen Z.
Gen Z women face financial knowledge and investing gaps, but are more likely to be taking steps toward financial wellness
The gender investing gap persists in younger generations: Gen Z women are less likely to feel knowledgeable about investing (22% compared to 37% of men) and less likely to have invested in the market over the last year (17% vs. 25%). They also feel less knowledgeable about managing debt (56% vs. 66%) and saving for retirement (35% vs. 41%).
Gen Z women feel more knowledgeable about building credit (66% vs. 57%), however they are also more likely to cite debt as a barrier to financial success (23% vs. 14%). In fact, 36% have at least $5,000 of debt compared to 28% of men which may be contributing to the fact that more women are prioritizing paying down debt in the year ahead than men (23% vs. 18%).
Gen Z women were, however, more likely than men to have taken positive financial actions over the last year (82% vs. 78%). Positive actions among Gen Z women taking them include contributing to savings (76% vs. 63%), openly discussing money with family, friends or colleagues (63% vs. 48%), sticking to a budget (27% vs. 21%) and seeking guidance on managing finances (25% vs. 16%).
"As a company and as a society, it is critical that we address the financial education and opportunity gaps that persist across the communities of young adults we serve," said Alberto Garofalo, Community Banking & Development executive at Bank of America. "This research is another step in our commitment to fully understanding the unique needs and priorities of diverse communities, so we can provide the resources and guidance to empower everyone on their journey to financial wellness."
Better Money Habits
As Gen Z prioritizes better money habits, they continue to seek advice and guidance as they look to take control of their finances and plan the future. Bank of America's Better Money Habits platform offers free financial education content and tools that break down financial topics in ways that are approachable and easy to understand. The platform connects people at all life stages to relevant tools that help build know-how to help them take action toward their financial goals. It also includes specific resources catered to Gen Z and young adults, covering topics including budgeting, building credit, borrowing, investing and more. We continually look for ways to expand the reach of Better Money Habits and also offer Spanish language resources on the site.
Methodology
The study was conducted August 12 September 7, 2021, by Ipsos in English and is based on nationally representative probability samples of 1,024 general population adults (age 18 or older), and a partially overlapping sample of 635 Gen Z adults (age 18-24), including 28 Gen Z adults from a non-probability sample. This survey was conducted primarily using the Ipsos KnowledgePanel, the largest and most well-established online probability-based panel that is representative of the adult US population. Panelists are scientifically recruited into this invitation-only panel via postal mailings to a random selection of residential addresses. To ensure that non-internet households are included, Ipsos provides access to a tablet and internet connection to those who need them. Because of this probability-based sampling approach, KnowledgePanel findings can be reported with a margin of sampling error and projected to the general population. The margin of sampling error for the general population sample is +/- 3.3 percentage points at the 95 percent confidence level.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,200 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters May Contact:Betty Riess, Bank of America betty.riess@bofa.com
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-better-money-habits-research-finds-that-despite-barriers-80-of-gen-z-are-taking-positive-steps-toward-achieving-their-financial-goals-301409647.html
SOURCE Bank of America Corporation
See the article here:
Posted in Financial Independence
Comments Off on Bank of America Better Money Habits Research Finds That, Despite Barriers, 80% of Gen Z Are Taking Positive Steps Toward Achieving their Financial…
Independence Realty Trust Announces Third Quarter 2021 Financial Results & Updates Full Year 2021 Guidance – Yahoo Finance
Posted: at 8:57 am
PHILADELPHIA, October 27, 2021--(BUSINESS WIRE)--Independence Realty Trust, Inc. ("IRT") (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2021 financial results.
Third Quarter Highlights
On July 26, 2021, IRT announced that it reached a definitive agreement to merge with Steadfast Apartment REIT, Inc. ("STAR"), creating a leading multifamily REIT focused on the high-growth U.S. Sunbelt region. The transaction is expected to close in mid-December 2021, following a stockholder vote scheduled for December 13, 2021, and we are on track to deliver the $28 million in annual synergies and immediate 11% accretion to Core Funds from Operations.
Net income available to common shares of $11.5 million for the quarter ended September 30, 2021 compared to $1.1 million for the quarter ended September 30, 2020. Earnings per diluted share of $0.11 for the quarter ended September 30, 2021 compared to $0.01 for the quarter ended September 30, 2020.
Same store net operating income ("NOI") growth of 14.7% for the quarter ended September 30, 2021 compared to the quarter ended September 30, 2020.
Core Funds from Operations ("CFFO") of $22.7 million for the quarter ended September 30, 2021 compared to $18.2 million for the quarter ended September 30, 2020. CFFO per share was $0.21 for the third quarter of 2021, as compared to $0.19 for the third quarter of 2020.
Adjusted EBITDA of $31.4 million for the quarter ended September 30, 2021 compared to $27.1 million for the quarter ended September 30, 2020.
Included later in this press release are definitions of NOI, CFFO, Adjusted EBITDA and other Non-GAAP financial measures and reconciliations of such measures to their most comparable financial measures as calculated and presented in accordance with GAAP.
Story continues
Management Commentary
"The combination of favorable macro trends across our core markets and the execution of our growth initiatives continues to yield impressive returns," said Scott Schaeffer, Chairman and CEO of IRT. "We delivered a 14.7% year-over-year increase in third quarter same store NOI, with our occupancy rate up 220 basis points to 96% and our average rental rate increasing 7.3% on a year-over-year basis. As we look forward, our ability to maintain occupancy, drive rental rates, and advance our value add program gives us confidence that we can continue to unlock value within our portfolio. We are also focused on the integration of the planned merger with STAR and are excited about the growth potential of our combined business."
Same Store Property Operating Results
Third Quarter 2021 Compared toThird Quarter 2020(1)
Nine Months Ended 9/30/21Compared to Nine MonthsEnded 9/30/20
Rental and other property revenue
9.4% increase
7.8% increase
Property operating expenses
1.7% increase
4.4% increase
Net operating income ("NOI")
14.7% increase
10.1% increase
Portfolio average occupancy
220 bps increase to 96.0%
270 bps increase to 95.6%
Portfolio average rental rate
7.3% increase to $1,227
4.6% increase to $1,190
NOI Margin
290 bps increase to 62.2%
130 bps increase to 61.7%
(1)
Same store portfolio for the three months ended September 30, 2021 includes 47properties, which represent 12,838 units.
Same Store Property Operating Results, Excluding Value Add
The same store portfolio results below exclude 13 communities that are both part of the same store portfolio and were actively undergoing Value Add renovations during the three months ended September 30, 2021.
Third Quarter 2021 Compared toThird Quarter 2020(1)
Nine Months Ended 9/30/21Compared to Nine MonthsEnded 9/30/20(1)
Rental and other property revenue
8.3% increase
6.1% increase
Property operating expenses
1.6% increase
4.5% increase
Net operating income ("NOI")
12.8% increase
7.1% increase
Portfolio average occupancy
230 bps increase to 96.4%
250 bps increase to 96.1%
Portfolio average rental rate
6.3% increase to $1,219
3.3% increase to $1,186
NOI Margin
250 bps increase to 61.6%
60 bps increase to 61.5%
(1)
Same store portfolio, excluding value add, for the three months ended September 30, 2021 includes 34 properties, which represent 8,908 units.
COVID-19 Metrics (1)(2)
Rent collections
3Q 2021
3Q 2020
2Q 2021
Rent collected for the period presented, as a percentage of rent billed (3)
98.4%
99.7%
99.4%
(1)
Dollar amounts in thousands. All metrics presented are for our total portfolio in the period presented.
(2)
All metrics are based on our internal data, which management uses to monitor property performance on a daily or weekly basis.
(3)
Rent collected as a percentage of rent billed includes rent deferred under any deferred payment plans that may have been offered in the period presented. Deferred payment plans were offered to residents in 2020 and early 2021 to allow residents to defer a portion of their monthly rent for one or more months or to repay over time past-due rent which was unpaid due to a COVID-related financial hardship. As of September 30, 2021, there were no active deferred payment plans outstanding.
As a result of the COVID-19 pandemic, we recorded a provision for bad debts of $122,000 in the third quarter of 2021. The table below presents additional details on the components of bad debt:
Components of Bad Debt (1)
3Q 2021
3Q 2020
2Q 2021
Amount
Percentage
Amount
Percentage
Amount
Percentage
Charge-offs, net
$534
0.9%
$260
0.5%
$512
0.9%
Provision for bad debt
$122
0.2%
$80
0.1%
$78
0.1%
Net bad debt
$656
Continue reading here:
Posted in Financial Independence
Comments Off on Independence Realty Trust Announces Third Quarter 2021 Financial Results & Updates Full Year 2021 Guidance – Yahoo Finance
Carefull To Provide Safe Money Monitoring for The Cooperative Bank’s Senior Customers – Yahoo Finance
Posted: at 8:57 am
BOSTON, Oct. 25, 2021 /PRNewswire/ -- Carefull, the first service built to organize and protect older adults' daily finances, today announced a partnership with Boston-based, The Cooperative Bank (TCB) to provide its customers with safe money monitoring technology.
Carefull is thrilled to become a Financial Caregiving partner to TCB, on this cutting-edge service for seniors. The partnership is purpose-built for aging adults and the families who support them.
Carefull's artificial intelligence platform will help TCB's senior customers by analyzing checking, savings and credit card accounts for late or missed payments, behavior change and mistakes, unusual banking activity, plus more than 30 other issues that can impact older adults' finances, from cash transfers to charitable contributions that unknowingly recur. Users of the technology - including the seniors themselves, select family members and caregivers can receive notifications if any fraud or issues are detected.
Through the partnership, TCB will strive to support its senior customers to maintain their financial independence while also giving their "financial caregiver" family members peace of mind. Going beyond typical banking, TCB's Carefull service will also enable robust communication among family members who are involved in the financial safeguarding process.
Additionally, other trusted family members and financial professionals can be added to their "Circle" of support to collaborate within the Carefull service and resolve money issues together.
"With $24 trillion of generational wealth transfer now in motion, the financial services industry is now awake to the 45 million Americans who are financial caregivers for aging adults," said Todd Rovak, a Carefull co-founder, "The TCB team has moved quickly and with intention to impact its customer base, not only to serve it well but to grow it by serving entire families."
Story continues
"This issue really resonated with me," said John Battaglia, President and CEO of TCB. "Many of us have had personal experiences with our parents or in-laws, where we took over the household account after finding that bills were not being paid, or they were double paying due to some memory issues. When I heard about this product, I could relate to it very well and I know exactly what people are going through," continued Battaglia.
"Senior financial fraud is a serious issue for us all," said Pete Lee, SVP and CIO of TCB. There's a whole life cycle in terms of financial caregiving, and that's what we appreciate about this service and that it targets so many stages of that life cycle. We were shown a concept of the platform and were very impressed by how it could aid the underserved eldercare community and target the devastating effect of financial abuse. Vulnerable adults should be protected at all costs from this kind of exploitation. With this partnership, TCB will be the first bank to offer this service in the Nation," continued Lee.
TCB customers can use the Carefull app or desktop service for financial accounts, credit and identity monitoring at no additional charge as part of the products and services they receive from the bank. They will also have access to Carefull's financial caregiving tools, advice and content, including Carefull's community forum and Financial Caregiving Roadmap.
About CarefullCarefull is the first digital platform built to protect the daily finances of older adults, along with the 45 million U.S. adults managing the daily finances of an older loved one. Founded in 2019, Carefull's technology integrates senior-specific financial monitoring, identity theft protection, communication, and how-to content, replacing the ad hoc paper pile, spreadsheets, and bill stack that today defines the experience of adults caring for someone else's money. Carefull believes that creating safer, smarter tools for financial caregiving isn't only about money - it's about relentlessly simplifying the awkward tangle that happens when money and family come together. For more information visit http://www.GetCarefull.com.
About The Cooperative BankFounded in 1898, The Cooperative Bank (TCB) is a full-service community bank committed to meeting the financial needs of individuals, families, and small businesses. Offering up-to-date products, competitive interest rates and the highest quality personalized service. TCB has assets totaling $480 million and provides banking services to over 8,400 customers.
With cutting-edge personal and business banking services, TCB aims to serve and be Boston's Neighborhood Bank. Specializing in residential & commercial real estate and business lending throughout Massachusetts, TCB has branches in Roslindale, West Roxbury, Charlestown and Jamaica Plain. For more information, please visit http://www.thecooperativebank.com/carefull, or call 857-203-9598.
Media Contact: Stephen Marcinuk steve@intelligentrelations.com
Cision
View original content:https://www.prnewswire.com/news-releases/carefull-to-provide-safe-money-monitoring-for-the-cooperative-banks-senior-customers-301407167.html
SOURCE Carefull
See more here:
Posted in Financial Independence
Comments Off on Carefull To Provide Safe Money Monitoring for The Cooperative Bank’s Senior Customers – Yahoo Finance
Invest Well. Live Well: Ten signs you could be ready to retire – Kamloops This Week
Posted: at 8:57 am
"When can I retire?" and "How much do I need?" are two of the most common questions we hear as we meet with clients. The answer they get, but do not want to hear, is It depends.
"When can I retire?" and "How much do I need?" are two of the most common questions we hear as we meet with clients.
The answer they get, but do not want to hear, is It depends." The reality is everyone has different goals and vision of retirement.
We have found that some common questions can help as a guideline. This is by no means an exhaustive list, nor must all be answered positively, but hopefully this will help give you a sense of your retirement readiness:
You own your home: Carrying debts into retirement can be a crippler. Living on a reduced cash flow in retirement and having to spend most of it on debt servicing can impact your ability to enjoy things in retirement. Downsizing can be an option, but the reality is most people downsize into a small, yet nicer home of equivalent value.
Your children are financially independent: Hopefully, they are at a point where you no longer need not worry about them financially. If you are still helping fund schooling, housing or other expenses, you may not be ready for reduced income in retirement. There is a balance between helping out family and having adult children who have yet to achieve a level of self-sufficiency.
Your parents are financially independent: The baby boomer generation is also known as the sandwich generation as some are caring for aging parents, along with adult kids. Try to ensure that your parents are in a stable financial position, or have some plans around long-term care or living arrangements should they be found in a tough financial spot.
You qualify for CPP and OAS: Additional government pensions in the form of CPP and OAS will help supplement your retirement lifestyle and can reduce the need to draw from your investments.
You have a pension plan: Similar to above, the more sources of retirement income you have, the better prepared you can be. For those who do not have company pensions, all is not lost. You will need to be disciplined and ensure that you have saved more in retirement savings plans (RSPs) and tax-free savings accounts (TFSAs).
You have hobbies: If you work until 65, retire and just stop, odds are you will not be happy nor healthy in retirement. Humans need physical, mental and emotional activity to stay healthy and often work provides some social interaction.
Not everyone golfs and fewer people golf seven days a week. Hopefully, you will have multiple hobbies to fill your retirement cup. Ask yourself, if you retired last month, what would you do today?
Your friends are retired: Having friends who share common hobbies and interests can help provide you with things to keep you active in retirement.
You have tried the retirement lifestyle: Build a budget for retirement and take it for a test drive. According to a 2016 Sun Life Financial report, the average retiree spends $2,611 a month. Set your own amount for your desired lifestyle and try it for six months to see how you make out.
You have an up-to-date retirement plan: When have you last reviewed your retirement plan with your advisor? Is it up-to-date? Is he/she aware of your target retirement date? Life and financial goals evolve and change over the years. We recommend that you have your plan reviewed every three to five year or any time there is a major life event.
Your job is affecting your health: Health is number one. If you feel your job is impacting your health, talk to your doctor and see if you need to revise your retirement plans. We cannot think of one retired client who has said, "I wish I spent more time at the office."
A couple of cautionary factors are predicting future inheritances and real estate values. Admittedly, these can have a significant impact on one's retirement; however, if, when and how much can be a risky mindset when trying to establish your financial independence.
Until next time, Invest Well. Live Well.
Written by Keith Davis. This document was prepared by Eric Davis, vice-president, portfolio manager and investment advisor, and Keith Davis, investment advisor, for informational purposes only and is subject to change. The contents of this document are not endorsed by TD Wealth Private Investment Advice, a division of TD Waterhouse Canada Inc.-Member of the Canadian Investor Protection Fund. All insurance products and services are offered by life licensed advisors of TD Waterhouse Insurance Services Inc., a member of TD Bank Group. For more information, call 250-314-5124 or emailKeith.davis@td.com.
Read the original:
Invest Well. Live Well: Ten signs you could be ready to retire - Kamloops This Week
Posted in Financial Independence
Comments Off on Invest Well. Live Well: Ten signs you could be ready to retire – Kamloops This Week