Headline: Disaster Recovery Center Opens in Watauga County
Disaster Recovery Center Opens in Watauga County
RALEIGH, N.C. – A Disaster Recovery Center is opening Tuesday, Oct. 15 in Boone (Watauga County) to assist North Carolina survivors who experienced loss from Helene.
The Watauga County DRC is located at:
Appalachian Enterprise Center 130 Poplar Grove Connector Boone, N.C. 28607 Open: 8 a.m. – 7 p.m., Monday through Sunday
A Disaster Recovery Center (DRC) is a one-stop shop where survivors can meet face-to-face with FEMA representatives, apply for FEMA assistance, receive referrals to local assistance in their area, apply with the U.S. Small Business Administration (SBA) for low-interest disaster loans and much more.
FEMA financial assistance may include money for basic home repairs, personal property losses or other uninsured, disaster-related needs, such as childcare, transportation, medical needs, funeral or dental expenses.
Centers are already open in Asheville, Lenoir, Marion and Sylva. To find those center locations go to fema.gov/drcor text “DRC” and a Zip Code to 43362. Additional recovery centers will be opening soon. All centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology.
Homeowners and renters in 27 North Carolina counties and tribal members of the Eastern Band of Cherokee Indians can visit any open center, including locations in other states. No appointment is needed.
It is not necessary to go to a center to apply for FEMA assistance. The fastest way to apply is online at DisasterAssistance.gov or via the FEMA app. You may also call 800-621-3362. If you use a relay service, such as video relay, captioned telephone or other service, give FEMA your number for that service.
For the latest information about North Carolina recovery, visit Hurricane Helene | NC DPS or fema.gov/disaster/4827. Follow FEMA on X at x.com/femaregion4 or on Facebook at facebook.com/fema.
Police are at the scene of a serious crash that has blocked State Highway 1 at Marton.
The crash involves an empty bus and a truck, and was reported about 8.50am. The road is blocked at the rail overbridge between Wings Line and Calico Line.
Diversions are in place and motorists should expect delays.
The Serious Crash Unit is attending.
Information will be released proactively when we are in a position to do so.
Police are investigating a serious crash at Lower Light earlier this morning.
Just before 2.30am on Tuesday 15 October, police and emergency services were called to the intersection of Port Wakefield Highway and Richardson Road at Lower Light after reports a truck collided with a pedestrian.
The pedestrian, a 29-year-old woman from Osborne, was taken to hospital where she is being treated for critical injuries.
The driver of the truck, a 38-year-old man from Unley Park, was uninjured and was taken to hospital for mandatory testing. The man is assisting police with their investigation.
Port Wakefield Highway is currently closed for southbound traffic from Richardson Road and diversions are in place. Motorists are asked to avoid the area.
Police are asking if anyone witnessed the collision or may have dashcam footage of the incident to contact Crime Stoppers on 1800 333 000 or online http://www.crimestopperssa.com.au
Major Crash officers are investigating a fatal crash at Waterloo Corner earlier this morning.
Just after 12.15am on Tuesday 15 October, emergency services were called to the intersection of Port Wakefield Highway and McEvoy Road at Waterloo Corner after reports a concrete truck and a sedan collided.
The driver of the white Lexus sedan, a 19-year-old woman from Buckland Park, sadly died at the scene.
The driver of the truck was taken to hospital where he is being treated for minor injuries. He is assisting police with their investigations.
The intersection was closed for about five hours whilst Major Crash officers examined the scene, but the road has since reopened.
The woman’s death is the 69th live lost on South Australian roads this year.
HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) announced today that its subsidiary, Phillips 66 Limited, has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG (“CMA”) to its Swiss joint venture partner. It will receive cash of 1.06 billion Swiss francs (approximately $1.24 billion) consisting of a 1 billion Swiss franc sales price (approximately $1.17 billion) and an assumed dividend of 60 million Swiss francs (approximately $70 million) for financial year 2024 to be paid at or prior to closing. The sales price is subject to adjustment based on the amount of the dividend.
“This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures,” said Mark Lashier, chairman and CEO of Phillips 66. “As we manage our portfolio, we will continue to evaluate monetization of assets that no longer fit our long-term strategy.”
CMA operates 324 retail sites and petrol stations across Switzerland.
Proceeds from the sale will support the strategic priorities of Phillips 66, including returns to shareholders.
The transaction is subject to approval by the Swiss Competition Commission. It is expected to close in the first quarter of 2025.
About Phillips 66
Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements within the meaning of the federal securities laws with respect to the sale of Phillips 66’s 49 percent non-operated equity interest in Coop Mineraloel AG. Words such as “anticipated,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: any delay in, or inability to obtain, necessary regulatory approvals, including from the Swiss Competition Commission; changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for biofuels; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition or conversion that we may pursue; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; potential liability from litigation or for remedial actions, including removal and reclamation obligations under environmental regulations; failure to complete construction of capital projects on time and within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Source: United States House of Representatives – Congresswoman Erin Houchin (Indiana 09)
Washington, D.C. — Recently, Congresswoman Erin Houchin (IN-9) and Congressman Josh Gottheimer (NJ-5) introduced the Task Force to End Financial Abuse Act, a bipartisan effort to address the growing issue of coerced debt and financial exploitation. The proposed task force aims to develop a comprehensive approach to combat financial abuse, protect victims, and prevent future incidents.
Coerced debt occurs when one individual in an abusive relationship accumulates debt in their partner’s name without their knowledge or consent. This form of financial abuse can leave victims trapped with ruined credit, overwhelming debt, and limited financial options, even after escaping an abusive situation.
“Addressing coerced debt requires a coordinated effort that goes beyond just tackling financial exploitation; it touches on abuse, consumer protection, and the ability to live free from financial control,” said Congresswoman Houchin. “The Task Force to End Financial Abuse Act will provide a roadmap to better understand the scope of this problem and develop real solutions to help victims break free and rebuild their lives.”
“Far too many survivors are trapped in abusive relationships where their spouse or significant other has run up the bills on credit cards or auto loans – often without their knowledge. As a result, they face destroyed credit, substantial payment expectations, debt collection, and even, bankruptcy. Financial abuse is often the last chain that binds a survivor to their abuser. This new Interagency Task Force on Financial Abuse will bring together relevant federal agencies and external stakeholders to address this crisis head on,” said Congressman Gottheimer. “When we protect survivors from financial abuse, we don’t just restore their credit — we restore their freedom and their future.”
The Task Force to End Financial Abuse Act represents a critical step toward breaking the cycle of financial control that affects so many victims of domestic abuse. Congresswoman Houchin and Congressman Gottheimer are committed to advancing this legislation, ensuring that survivors have the support they need and preventing future financial abuse.
Source: United States of America – The White House (video statements)
In September, Vice President Harris traveled to Arizona for official briefings on the latest work to secure the southern border and operations to stop the flow of illegal fentanyl into our country.
NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) — Kaltura, Inc. (Nasdaq: KLTR), the video experience cloud, today announced it will release its third quarter financial results for the period ended September 30, 2024, before market open on Wednesday, November 6, 2024.
Kaltura will host a conference call to review its third quarter 2024 financial results and discuss its financial outlook.
About Kaltura Kaltura’s mission is to power any video experience for any organization. Our Video Experience Cloud offers live, real-time, and on-demand video products for enterprises of all industries, as well as specialized industry solutions, currently for educational institutions and for media and telecom companies. Underlying our products and solutions is a broad set of Media Services that are also used by other cloud platforms and companies to power video experiences and workflows for their own products. Kaltura’s Video Experience Cloud is used by leading brands reaching millions of users, at home, at school and at work, for communication, collaboration, training, marketing, sales, customer care, teaching, learning, virtual events, and entertainment experiences. For more information, visit http://www.corp.kaltura.com.
Investor Contacts: Kaltura, Inc. John Doherty Chief Financial Officer IR@Kaltura.com
Sapphire Investor Relations, LLC Erica Mannion and Michael Funari IR@Kaltura.com +1 617 542 6180
Source: United States Senator for North Carolina Thom Tillis
WASHINGTON, D.C. –?Today, Senators Thom Tillis (R-NC) and Gary Peters (D-MI)?introduced bipartisan legislation to reform the Federal Emergency Management Agency’s (FEMA) Individual Assistance program. This bill would improve how FEMA provides assistance to individuals to rebuild their lives in the aftermath of a disaster. According to the National Oceanic and Atmospheric Administration, there were 28 weather and climate disasters in 2023, surpassing the previous record of 22 in 2020, and with a price tag of at least $92.9 billion in recovery costs.
“It’s past time we end the ‘one-size-fits-all’ approach to disaster relief and cut the red tape that prevents many communities from accessing the relief they desperately need,” said Senator Tillis.“This common-sense legislation provides greater flexibility for communities in need, saves tax-payer dollars, and helps communities recover faster.”
“Severe weather and natural disasters are becoming more frequent, more catastrophic and more costly, leaving people across the country in need of swift federal resources to help assist their recovery,” said Senator Peters. “My commonsense bipartisan legislation would reform the FEMA disaster assistance process and improve how the agency provides assistance to individuals for home repairs, disaster housing, and mitigation activities.”
BACKGROUND
The bipartisan Disaster Survivors Fairness Act would reform individual federal disaster assistance programs to best support survivors. The bill would provide FEMA with new authorities to increase its ability to fund disaster mitigation projects and expand support to homeowners. The bill would also enable FEMA to reimburse states that implement their own innovative post-disaster housing solutions and bolster development of post-disaster solutions for renters. The bill requires FEMA and the Government Accountability Office (GAO) to complete a series of reports and studies that would identify additional challenges regarding the administration of post-disaster assistance for survivors and boost transparency.
We invite you to join us for a live online event on Tuesday, October 15,from 1:00-1:45 pm ET, with Doctors Without Borders/Médecins Sans Frontières (MSF) aid workers reflecting on the catastrophic health impacts of the war in Gaza.
MSF teams were already active providing medical care in Gaza when conflict escalated following the horrific attacks by Hamas on Israel on October 7. In response, the Israeli government launched a ferocious military offensive on Gaza. More than 40,000 Palestinians have been killed, tens of thousands more have been injured, and some 1.9 million people have been displaced–often multiple times. Much of the Gaza Strip has been reduced to rubble.
MSF staff are providing urgent medical care even while facing the personal impacts of the war themselves–the deaths of loved ones, destruction of their homes, and constant dangers everywhere. Hospitals and health facilities have repeatedly come under fire or been forced to evacuate. The medical needs are exploding, including the spread of infectious diseases and the risk of starvation.
Join us for a conversation with Dr. Javid Abdelmoneim, emergency physician and former medical team leader in Gaza, and Dr. Amber Alayyan, pediatrician and medical program manager for MSF in Palestine, Afghanistan and Haiti. Dr. Mohammed AbuMughaisib, MSF deputy medical coordinator in Gaza, will share testimony directly from Khan Younis, and Avril Benoît, MSF USA chief executive officer, will moderate the live discussion. Together they will bear witness to this unfolding emergency and reflect on the medical challenges ahead.
Meet the speakers
Dr. Javid Abdelmoneim
Dr. Javid Abdelmoneim is an emergency physician and was president of MSF UK from 2017-2021. Born and raised in the UK to Sudanese Iranian parents, Javid volunteered with MSF as a medical student, and later joined MSF as an aid worker for his first assignment to Iraq. Since then, he has worked for MSF in conflict zones, crises and disease outbreaks around the world. He has completed assignments in Ukraine, Haiti, Lebanon/Syria, South Sudan, Sierra Leone (for Ebola), and on the Mediterranean Sea on one of MSF’s search and rescue vessels. Most recently, he worked as an emergency medical team leader in Gaza.
Dr. Amber Alayyan
Dr. Amber Alayyan is a pediatrician and international public health consultant with over 20 years of experience in health care in conflict and post-conflict zones particularly in the Middle East, as well as malnutrition and environmental health in conflict settings. She currently works as MSF’s medical program manager for Afghanistan, Palestine, and Haiti and previously managed medical programs for Peru, Syria, Lebanon, Iran, and Iraq. In her current role, she manages the medical operational strategy and activities in the West Bank and Gaza. These activities include burn and trauma surgery and multi-disciplinary pre/post-operative care, pediatric inpatient care, antibiotic resistance management, primary health care, mental health, and sexual and gender-based violence. Her work with MSF over the past 13 years includes assignments in the Central African Republic, Pakistan, Yemen, Iraq, Jordan/Syria, Turkey/Syria, Lebanon, Croatia and Greece.
Dr. Mohammed Abu Mughaisib
Dr. Mohammed (Abu Abed) Abu Mughaisib is the deputy medical coordinator for MSF’s operations in Palestine. He holds degrees in both medicine and mental health and has worked with MSF for nearly 23 years. Last fall, he was forced to flee his home in Gaza City, and was displaced multiple times thereafter. While his wife and children managed to cross the border into Egypt, Abu Abed continues to provide lifesaving care as a critical member of our project team in Palestine.
Avril Benoît
Avril Benoît is the chief executive officer of Doctors Without Borders/Médecins Sans Frontières in the United States (MSF USA). She has worked with the international medical humanitarian organization since 2006 in various operational management and executive leadership roles, most recently as the director of communications and development at MSF’s operational center in Geneva, a position she held from November 2015 until June 2019. Throughout her career with MSF, Avril has contributed to major movement-wide initiatives, including the global mobilization to end attacks on hospitals and health workers. She has worked as a country director and project coordinator for MSF, leading operations to provide aid to refugees, asylum seekers, and migrants in Mauritania, South Sudan, and South Africa. Avril’s strategic analysis and communications assignments have taken her to countries including Democratic Republic of Congo, Eswatini, Haiti, Iraq, Lebanon, Mexico, Mozambique, Nigeria, Sudan, Syria, and Ukraine. From 2006 to 2012, Avril served as director of communications with MSF Canada. Prior to joining MSF, Avril had a distinguished 20-year career as an award-winning journalist and broadcaster in Canada. She was a documentary producer and radio host with the Canadian Broadcasting Corporation (CBC), reporting from Kenya, Burundi, India, and Brazil on HIV stigma, rapid urbanization, sexual violence in conflict, and political inclusion of women, among numerous other assignments and topics. Recent articles: Surge of humanity needed for migrants and refugees
NEWS | OCT 14, 2024
MSF mourns and condemns the tragic killing of our colleague in norther…
President Joe Biden delivers remarks on the effects of Hurricane Milton on Oct. 10, 2024, in Washington, D.C. Anna Moneymaker/Getty Images
Rumors and lies about government responses to natural disasters are not new. Politics, misinformation and blame-shifting have long surrounded government response efforts.
When Hurricane Harvey hit Houston in 2017, for example, rumors and misinformation both originated from and were spread by government, news and individual user accounts on social media. And after Hurricane Sandy in 2012, rumors about the storm were so widespread that even CNN’s live coverage of the event was inaccurate.
Those rumors don’t usually come from former presidents. Yet in the wake of hurricanes Helene and Milton, former President Donald Trump spread falsehoods about the federal government’s response to the disaster. Misinformation on the topic became so widespread that the Federal Emergency Management Agency, known as FEMA, set up a webpage to debunk the rumors spawned by Trump.
President Joe Biden responded angrily, calling the falsehoods that Trump and his followers spread “reckless, irresponsible” and “disturbing.” He also suggested Trump’s claims undermined the rescue and recovery work being done by local, state and federal authorities.
Disaster relief often becomes political because so many people are affected – and because there is a lot of media coverage surrounding hurricanes, floods and other major weather events. Additionally, relief requires a lot of money and coordination by high-profile elected officials.
The rhetoric around federal emergency management is made only more complicated because most people do not know that much about the federal law that governs disaster relief. Indeed, even state and local officials find navigating the details of the law and accompanying regulations difficult.
And finally, the law’s design and the timing of hurricane season can lead to politicization. Elected officials – politicians – are always involved in coordinating government response efforts, adding a layer of politics to disaster relief. The fact that hurricane and election seasons coincide only heightens the politics of such relief.
Former President Donald Trump saying falsely that the Biden administration “stole a billion dollars” meant for disaster relief and used it to help immigrants.
Explaining government responses to natural disasters
The Disaster Relief Act of 1974, as amended and now known as the Stafford Act, is the law that governs how the federal government responds to natural disasters and other emergencies.
But the act does not guarantee federal assistance to the communities affected by hurricanes or other natural disasters.
Instead, the governor of an affected state or the chief executive of an affected tribal government must ask the president for a disaster declaration. The request can be made before or after a storm hits but must show that the disaster is of such a severity and magnitude that the state, local or tribal governments cannot respond on their own.
Responding to such requests, Biden issued declarations covering eight states before and after Helene. He also issued a declaration for the Seminole Tribe and the state of Florida in response to Milton.
After the president issues a declaration, the federal government can begin to assist state, local and tribal governments. This includes coordinating all disaster relief assistance – from evacuations to recovery – provided by federal agencies, private organizations such as the Red Cross, and state and local governments.
Federal assistance can be financial or logistical. It covers everything from help repairing roads and restoring utility services to providing assistance and services, such as temporary housing, legal services and crisis counseling, to the people who have been affected by the disaster.
The number of federal agencies and employees involved in disaster relief is astounding. For example, thousands of federal personnel from FEMA, the Coast Guard, Army Corps of Engineers, Environmental Protection Agency and the departments of Defense, Energy, Health and Human Services, Housing and Urban Development, and Transportation are helping respond to Helene and Milton.
Several state and local officials also play key roles after a disaster declaration. Each state’s governor or tribe’s chief executive serves as the leading official for coordination of state and federal efforts. That person also designates an officer to serve as a liaison between the federal government and the state or tribe. And in each affected community, a local elected official leads the response on the ground. This is usually a city or town’s mayor.
Federalism in action
Implementation of the Stafford Act requires cooperative, healthy relationships between the president, federal agencies and state, local and tribal governments.
When done well, government disaster response is a prime example of what’s called “federalism” in action. Federalism involves the sharing of power between the national and state governments. The framers of the United States Constitution created this system of shared power so that the national government could solve coordination and capacity problems among the states, and the state governments could respond to the nuances of local circumstances.
In response to state government requests in the wake of Hurricane Helene, for example, Biden directed federal efforts to help those most affected. The federal government’s response has so far included working with over 450 state and local officials to ensure that those affected by the hurricane have everything from housing assistance to financial support for medical and funeral expenses.
Politics in the mix
The very things that the framers designed the federalist constitutional system to do, however, can create opportunities for political manipulation. The Stafford Act creates a system of emergency management that is highly decentralized and responsive to local needs.
But that decentralization also means that, because of their different perspectives, the officials involved in disaster response prioritize different things, which can lead to conflict.
For example, various officials involved in the response to Hurricane Helene have advocated for federal resources such as money and personnel to go toward restoring utilities, law enforcement, fire, health, communications and transportation services. How can the national government possibly choose between all of these necessary services?
Everything is made more complicated because, as studies have shown, on average, the officials in charge of making such decisions – elected officials and their appointees – have less experience in government than the career civil servants who work on a daily basis with the people affected by natural disasters.
As a result, the Stafford Act’s decision to place elected officials and their appointees in charge of emergency management could reduce the quality of government response.
Members of the FEMA Urban Search and Rescue task force search a flood-damaged area in Asheville, N.C., in the aftermath of Hurricane Helene on Oct. 4, 2024. Mario Tama/Getty Images
Debating size and role of government
Elected officials’ different political leanings add another wrinkle. Debates over disaster response often reflect larger political debates such as those over the size and role of government.
The history of the Stafford Act provides an illustrative example. Traditionally, disaster relief was the responsibility of state and local government. But a series of natural disasters, including the Alaska earthquake in 1964 and hurricanes Betsy in 1965 and Camille in 1969, were so large in scale that the federal government had to step in and help.
In the aftermath of Camille, accusations of racial discrimination in the relief process and partisan squabbling over who was to blame for the ineffectiveness of the government’s response to the disaster mounted. Media and congressional attention on government mismanagement of the relief effort created a window for the expansion of the federal government’s role in the process and ultimately led to the passage of the first version of the Stafford Act.
Fast-forward 35 years and many of the same issues – racial discrimination, government mismanagement and politicization of relief – arose in 2005 in the aftermath of Hurricane Katrina in New Orleans. Media and congressional attention led to legislation that amended the Stafford Act and restructured FEMA and how the federal government responds to state and tribal requests for assistance.
Trump’s lies are from the same playbook – false claims about money being diverted to migrants and that relief efforts are being used only to help areas where Democrats live.
Yet the devastation left by Helene and Milton do raise questions about local and federal coordination in preparation for and response to natural disasters and has led to calls for Congress to pass reforms to improve equity, efficiency and effectiveness in government responses to natural disasters. Whether this reform is possible in such a contentious political climate remains an open question.
Jennifer L. Selin has received funding and/or support for her research on the executive branch from the Administrative Conference of the United States. The views in this piece are those of the author and do not represent the position of the Administrative Conference or the federal government.
The 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others.
Daron Acemoglu is a Turkish-American economist at the Massachusetts Institute of Technology, Simon Johnson is a British economist at the Massachusetts Institute of Technology and James Robinson is a British-American economist at the University of Chicago.
The citation awards the prize “for studies of how institutions are formed and affect prosperity”, making it an award for research into politics and sociology as much as economics.
At a time when democracy appears to be losing support, the Nobel committee has rewarded work that demonstrates that, on average, democratic countries governed by the rule of law have wealthier citizens.
The committee says the richest 20% of the world’s countries are now around 30 times richer than the poorest 20%. Moreover, the income gap is persistent; although the poorest countries have become richer, they are not catching up with the most prosperous.
Acemoglu, Johnson and Robinson have connected this difference to differences in institutions, and they find this derives from differences in the behaviour of European colonisers in different parts of the world centuries ago.
The denser the indigenous population, the greater the resistance that could be expected and the fewer European settlers moved there. On the other hand, the large indigenous population – once defeated – ofered lucrative opportunities for cheap labour.
This meant the institutions focused on benefiting a small elite at the expense of the wider population. There were no elections and limited political rights.
In the places that were more sparsely populated and offered less resistance, more colonisers settled and established inclusive institutions that incentivised hard work and led to demands for political rights.
The committee says, paradoxically, this means the parts of the colonised world that were the most prosperous around 500 years ago are now relatively poor. Prosperity was greater in Mexico under the Aztecs than it was at the same time in the part of North America that is now called Canada and the United States.
More so than in previous years, this year’s winners have written for the public as well as the profession. Acemoglu and Robinson are probably best known for their 2013 best-seller Why Nations Fail: The Origins of Power, Prosperity and Poverty.(It has pictures and no equations.)
In May this year Acemoglu wrote about artificial intelligence, putting forward the controversial position that its effects on productivity would be “nontrivial but modest”, which is another way of saying “tiny”. Its effect on wellbeing might be even smaller and it was unlikely to reduce inequality.
Royal Swedish Academy of Sciences.
This year’s award makes the cohort of Nobel winners a little less US-dominated.
Although all three are currently working at American universities, Acemoglu is from Turkey and the others are British. There is even an Australian link. Robinson taught economics at The University of Melbourne between 1992 and 1995.
Winning the prize is life-changing for more reasons than the 11 million Swedish kroner (about $A 1.5 million) the winners share. As Nobel winners, they will have a higher profile. Their opinions will be accorded more respect by most but not all.
The new winners might get the same treatment. Johnson has critiqued Trump’s proposal to raise tariffs. Acemoglu has called Trump “a threat to democracy”.
John Hawkins does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Headline: Unprecedented Storm Response by Local, Federal and State Resources Continues in Western North Carolina
Unprecedented Storm Response by Local, Federal and State Resources Continues in Western North Carolina mseets
An unprecedented response to damage caused by Hurricane Helene continues in Western North Carolina. State, federal and local response workers are working around the clock to surge assistance into the region.
Law enforcement is working to ensure the safety of responders amid reports of threats and misinformation. FEMA officials remain in communities and will resume door-to-door operations to help people impacted by these storms recover as quickly as possible following reports of threats on the ground. Governor Roy Cooper has directed the Department of Public Safety to work with local law enforcement to identify specific threats and rumors and coordinate with FEMA and other partners to ensure the safety and security of all involved as this recovery effort continues.
“State, federal and local response workers, including FEMA, are working around the clock to bring assistance to western North Carolina,” said Governor Roy Cooper. “We know that significant misinformation online contributes to threats against response workers on the ground, and the safety of responders must be a priority. At my direction, the North Carolina Department of Public Safety is helping partners like FEMA to coordinate with law enforcement to ensure their safety and security as they continue their important work.”
North Carolina National Guard and Military Response
Approximately 3,500 Soldiers and Airmen are working in Western North Carolina. Joint Task Force- North Carolina, the task force led by the North Carolina National Guard is made up of Soldiers and Airmen from 12 different states, two different XVIII Airborne Corps units from Ft. Liberty, a unit from Ft. Campbell’s 101st Airborne Division, and numerous civilian entities are working side-by-side to get the much-needed help to people in Western North Carolina.
National Guard and military personnel are operating 11 aviation assets and more than 1,200 specialized vehicles in Western North Carolina to facilitate these missions. The U.S. Army Corps of Engineers is helping to assess water and wastewater plants and dams. Residents can track the status of the public water supply in their area through this website.
FEMA Assistance
More than $96 million in FEMA Individual Assistance funds have been paid so far to Western North Carolina disaster survivors and more than 160,000 people have registered for Individual Assistance. Approximately 4,600 households are now housed in hotels through FEMA’s Transitional Sheltering Assistance.
1,000+ FEMA staff are in the state to help with the Western North Carolina relief effort. In addition to search and rescue and providing commodities, they are meeting with disaster survivors in shelters and neighborhoods to provide rapid access to relief resources. They can be identified by their FEMA logo apparel and federal government identification.
The Major Disaster Declaration requested by Governor Cooper and granted by President Biden now includes 27 North Carolina counties (Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mecklenburg, Mitchell, Polk, Rutherford, Swain, Transylvania, Watauga, Wilkes and Yancey) and the Eastern Band of Cherokee Indians.
North Carolinians can apply for Individual Assistance by calling 1-800-621-3362 from 7am to 11pm daily or by visiting www.disasterassistance.gov, or by downloading the FEMA app. FEMA may be able to help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs.
Help from Other States
More than 1,500 responders from 38 state and local agencies have performed 135 missions supporting the response and recovery efforts through the Emergency Management Assistance Compact (EMAC). This includes public health nurses, emergency management teams supporting local governments, veterinarians, teams with search dogs and more.
Beware of Misinformation
North Carolina Emergency Management and local officials are cautioning the public about false Helene reports and misinformation being shared on social media. NCEM has launched a fact versus rumor response webpage to provide factual information in the wake of this storm. FEMA also has a rumor response webpage.
Food, Water and Commodity Points of Distribution
Efforts continue to provide food, water and basic necessities to residents in affected communities, using both ground resources and air drops from the NC National Guard. Food, water and commodity points of distribution are open throughout Western North Carolina. For information on these sites in your community, visit your local emergency management and local government social media and websites or visit ncdps.gov/Helene.
Shelters
A total of 13 shelters are open in Western North Carolina supporting over 560 people.
Storm Damage Cleanup
If your home has damages and you need assistance with clean up, please call Crisis Cleanup for access to volunteer organizations that can assist you at 844-965-1386.
Power Outages
Across Western North Carolina, approximately 19,000 customers remain without power, down from a peak of more than 1 million. Overall power outage numbers will fluctuate up and down as power crews temporarily take circuits or substations offline to make repairs and restore additional customers.
Road Closures
Travel remains dangerous, with hundreds of roads closed. Many of these roads are primary routes connecting the region.
NCDOT has posted at ncdot.gov an interstate detour map for those traveling in the region. North Carolinians can visit DriveNC.Gov for the latest roadway conditions. NCDOT currently has approximately 2,100 employees and 1,100 pieces of equipment working on approximately 6,700 damaged road sites.
Fatalities
Ninety-five storm-related deaths have been confirmed in North Carolina by the Office of Chief Medical Examiner. We expect that this number will continue to rise over the coming days. The North Carolina Office of the Chief Medical Examiner will continue to confirm numbers twice daily. If you have an emergency or believe that someone is in danger, please call 911.
Volunteers and Donations
Due to dangerous road conditions and the need to maintain open routes for emergency operations, travel to Western North Carolina is difficult. Consider the following options for donations and volunteer opportunities:
If you would like to donate to the North Carolina Disaster Relief Fund, visit nc.gov/donate. Donations will help to support local nonprofits working on the ground.
For information on volunteer opportunities, please visit nc.gov/volunteernc
Additional Assistance
There is no right or wrong way to feel in response to the trauma of a hurricane. If you have been impacted by the storm and need someone to talk to, call or text the Disaster Distress Helpline at 1-800-985-5990. Help is also available to anyone, anytime in English or Spanish through a call, text or chat to 988. Learn more at 988Lifeline.org.
If you are seeking a representative from the North Carolina Joint Information Center, please email ncempio@ncdps.gov or call 919-825-2599.
For general information, access to resources, or answers to frequently asked questions, please visit ncdps.gov/helene.
If you are seeking information on resources for recovery help for a resident impacted from the storm, please email IArecovery@ncdps.gov.
Are you really ready to give that puppy a furr-ever home?
Potential dog owners should think twice before getting a puppy to make sure they can financially provide for the animal, and ensure it is safe, well-socialised, trained, and mentally stimulated.
The New Zealand Veterinary Association Te Pae Kīrehe (NZVA) strongly advocates for people having animals in loving homes, saying pet ownership is an enriching and rewarding experience, but it is a decision that should be never rushed. The comments follow the release of Auckland Council’s latest Animal Management Annual Report, which outlines a rise in dog-related incidents between 1 July 2023 to 30 June 2024.
The report found welfare-related complaints increased by 80 per cent; there was a 14 per cent increase in dog attacks on people; a 19 per cent increase in attacks on other animals; a 19 per cent increase in the number of high-risk dogs; and a 19 per cent increase in roaming complaints.
NZVA Head of Veterinary Services (Companion Animal) Sally Cory said the rising figures could be an indication of dog owners experiencing increased financial hardship but the issues also came down to responsible dog ownership. “Having a pet comes with great responsibility, and is never a decision to be taken lightly,” she said. “People need to weigh up whether they can financially support the animal throughout its life. This involves providing preventative healthcare, such as regular check-ups and vaccinations, ensuring de-sexing is carried out at a recommended time, and that early socialisation and training is prioritised. Dogs require not only a financial investment but an investment in time to ensure that they behave appropriately for their families and wider communities.”
The report showed animal management staff responded to 37,558 requests during the year, up 13 per cent; fewer people were registering their dogs; and the number of roaming or uncontrolled dogs continued to increase. Sadly, the rate of impounded dogs claimed by their owners sat at just 43 per cent. Animal shelter staff have also noticed increased numbers of impounded dogs presenting with challenging behaviour and failing to pass behavioural temperament tests. This determines if the dog is suitable for rehoming.
NZVA Companion Animal Veterinarians (CAV) President Becky Murphy said potential dog owners must also give considerable thought to the type of dog they choose and make sure it fits in with their lifestyle and expectations. “We must not forget that dogs have natural behaviours, for example chasing, guarding, and hunting, and humans often try to make them fit into moulds that suit our lives,” she said. “This can result in normal, innate dog behaviours being perceived as behavioural issues. Owners need to make sure they do adequate research into dog breeds before selection, and provide their dog with a safe, mentally stimulating, and enriching home environment to ensure they are happy, healthy, and under effective control at all times.”
Sally adds that it is important dogs are de-sexed (if owners are not intending to breed from them), registered, and microchipped, and young children are always supervised around them.
Under New Zealand law, dog owners must comply with minimum standards for animal care and management set out in the New Zealand Animal Welfare (Dogs), Code of Welfare 2010, as well as the requirements of their local city or district council.
NZVA’s Dog OwnershipGuidelines
Before getting a dog, consider how much time they will take, what they will cost, how big they will get, and if they fit into your lifestyle and living environment.
Adequate quantities of nutritious food, clean water, and appropriate shelter should be provided for the dog over its lifespan.
Regular health checkups and appropriate exercise should be provided.
The dog should be registered and microchipped.
Dogs not intended for breeding should be de-sexed.
Emergency action planning and alternate care arrangements should be made, should unforeseen circumstances arise.
Dogs should be well socialised early, walked on a lead, and waste should not be left in public spaces.
A new study emphasises the need for tailored approaches that balance migration’s economic and social complexities.
As global migration intensifies, the question of how to integrate migrants while supporting cultural diversity, economic stability and a cohesive society is a central challenge for policymakers.
A new paper published in the Journal of Political Economy: Microeconomics by University of Auckland researchers Dr Chanelle Duley and Professor Prasanna Gai offers insights into how policymakers can better support migrants and society as a whole.
The researchers explored historical and contemporary nation-building efforts and developed a novel model to help understand the impacts of two approaches: assimilation and biculturalism.
Assimilation policies, like promoting a single language or streamlining education, have for many years, been seen as a way to foster unity. These policies can help people communicate more efficiently and reduce friction, allowing societies to function smoothly.
However, assimilation often comes with a cost for minority groups, who may feel pressured to give up their cultural identity to fit in. The authors refer to this as ‘lock-in’ costs, where individuals lose something valuable, such as language or customs, in exchange for social and economic benefits.
Meanwhile, biculturalism aims to celebrate and protect the distinct identities of different groups. Examples of this approach include recognising minority languages or supporting Indigenous rights.
While this strategy allows cultural groups to thrive, the study points out that it can complicate cooperation between different communities, potentially affecting social cohesion and productivity.
So, which approach is best?
According to Duley and Gai, it depends on the specific makeup of a society and the degree of cultural distance between groups.
They say the ease with which different cultural groups can interact and the size of the cultural gap between them matters when it comes to deciding what mix of policies will work best.
In countries where one cultural group is dominant, assimilation might seem like the simplest way to create a unified national identity. However, in more diverse societies, bicultural policies could help ease tensions by ensuring minority groups have space to maintain their traditions while still being part of the broader community.
The authors argue for more nuanced and context-sensitive nation-building strategies that account for the welfare of minority groups and avoid the long-term social and cultural costs of extreme assimilation.
“There isn’t a one-size-fits-all solution for nation-building,” says Duley. “Policymakers need to evaluate the specific cultural context, including the size of minority groups and the degree of cultural differences to try to find the right balance between assimilation and biculturalism.”
The study also highlights the role of political imperatives. Politicians, who typically seek to appeal to the majority, usually favour more aggressive assimilation policies. But if the aim is to maximise overall societal welfare, more moderate forms of assimilation or bicultural policies that protect minority groups may be better placed to foster national cohesion.
Up to 400,000 Palestinians were on Monday trapped across northern Gaza, with at least 300 people reportedly killed in nine days of bombardment, and a hospital sheltering thousands ablaze in the south with no end in sight to the incessant attacks on civilians.
At Al-Aqsa Hospital in the so-called “humanitarian zone” in the south, patients and families sheltering in tents were on Monday engulfed by a massive fire triggered by an Israeli airstrike” with reports of deaths and multiple causalities. Civilians in the north were directed to the “humanitarian zone” under orders issued by Israeli forces on 7, 9 and 12 October. Al-Aqsa Hospital is just metres away from where children are receiving a second round of polio vaccines.
Middle East Regional Director for Save the Children Jeremy Stoner said:
“What we’re seeing now in Gaza looks like the depths of hell with reports day after day of attacks on children and families. Nowhere is safe.
“In the north, an already starving population has been cut off from food for two weeks while trying to dodge bombs and bullets in a kill zone they cannot leave.
“In the south – the area to which families in the north were directed for their safety – bombs dropped by Israeli jets have set off a fire that is searing through Al-Aqsa Hospital and tents in the hospital grounds, with reports of rescuers finding burned and charred bodies. ‘Evacuation orders’ are at risk of becoming ‘execution orders’ as children are denied the means to survive.
“What military goals could justify such mass-scale slaughter of civilians? The notion of collateral damage must never be used to excuse the predictable killing of children. A year ago, there was international outcry when an Israeli rocket damaged Al-Ahli Hospital in Gaza City, injuring four staff members. How devastatingly far we have descended.
“Today, Save the Children has begun a second round of polio vaccines for children in our Deir Al-Balah clinic, as children face bombs and fire just 500m away. Never has it been clearer that this is a war on children, their protection only upheld if they’re deemed a risk to those beyond their borders. Without a ceasefire, these vaccinations simply postpone rather than prevent children’s pain. Without immediate international action, children and families across the Gaza Strip face a death sentence – today, tomorrow, in a week, in a month, by bombs, bullets, fire, disease or starvation. Anywhere, any time.
“Gaza is what can happen without the rules of war. Except there are rules – for parties to the conflict, and for the international community – which are not being respected. The only impactful action taken by some member states is to send the weapons being used to kill children and burn patients and families in hospitals and tents. Humanity has lost its way if those with the ability – and legal obligation – to stop this slaughter choose not to.”
Good morning everybody. Thank you for inviting me to join you here today. It’s great to be back here at the Academia. It is my pleasure to join you for the 10th anniversary celebration of the Duke-NUS Centre of Regulatory Excellence (CoRE).
2. One of the advantages of having been to many gatherings and meetings, such as scientific meetings, academic meetings, government regulatory meetings, you start to have the ability to have a feel for the community. You have a little bit of a sense, if this is one of those places where tech startups are exchanging cards because everyone’s trying to introduce themselves. Or is this community of practice which has been together with deep respect, and a deep understanding of each other’s contributions in the academic, scientific, and policy areas. I was asking Professor John Lim earlier this morning: “How long have you all been together?” Because there is a palpable sense of a community of practice, of professionals with deep expertise who have met each other over many meals, over many years, and flown not just halfway around the world, but all the way around the world, to be together. I had that sense of privilege walking in this morning that this is a community of professionals who have been working together for many years and understanding the importance of the work that you do, the effect that you will have on our healthcare systems.
3. CoRE was established as an academic centre at Duke-NUS Medical School with support from the Singapore Ministry of Health (MOH), Health Sciences Authority (HSA) and Economic Development Board (EDB) to promote regulatory capacity development and innovation in Southeast Asia and the Asia-Pacific. Officially inaugurated in November 2014, this is the first Centre in the region that focuses on promoting regulatory excellence for healthcare regulators and industry. A panel of international regulatory experts forms the CoRE Advisory Board that oversees the governance of the Centre, many of whom are current or former chief officials of their respective regulatory agencies. Some of them in the audience today.
4. Over the past decade, CoRE has become an important player in Singapore’s healthcare landscape. You have made significant strides in advancing regulatory science, not only in Singapore but also across ASEAN and the Asia-Pacific. Through your capacity building, thinktank and advisory initiatives, CoRE has become a trusted partner in a wide collaborative network to actively coordinate and strengthen regulatory systems, comprising international and regional regulatory authorities, industry, non-governmental organisations and academic institutions.
5. The Centre also supports MOH and HSA in building up the healthcare regulatory ecosystem, and more recently, advocating the convergence of products and services regulation to enhance healthcare systems’ efficiency. By bringing together key stakeholders and fostering collaboration among healthcare regulators, CoRE has created a platform for the exchange of knowledge and best practices.
Future of Health – Digitalisation and Precision Medicine
6. As we celebrate these achievements, and there are many, we must also anticipate the challenges on the horizon. Singapore’s healthcare landscape is undergoing fundamental changes, driven by demographic shifts and our evolving healthcare needs. To meet these changes, we are embracing digital health and precision medicine technologies. We will innovate to improve population health and ensure the sustainability of our healthcare system. This shift in our healthcare regulations will also be needed to keep pace with innovation and to continue our commitment to patient safety and welfare. Our goal is to create a regulatory framework that acts as a catalyst for progress, not a barrier to it.
7. The challenges, whether it’s our demographic shifts, evolving needs, the tensions and trade-offs within our approach to what we do within the regulatory space, underscores the need for regulators to be innovative and also prudent. We want to maximise the benefits of new technologies and safeguard against the risks. HSA already regulates Artificial Intelligence (AI) in Medical Devices and MOH has issued the national AI in Healthcare guidelines. This is a space where you can see that there are potential significant transformative benefits just around the corner, but there are already extant risks that we need to safeguard against, to shore up public trust and to make sure these tools are deployed in the clinical spaces. And so we publish these guidelines and they lay out good practices for AI developers and influencers, and we’re revising this to account for newer technologies such as generative AI. We intend to provide unified guidance for AI developers, service implementers and healthcare professionals on the safe development of AI in healthcare.
8. With increasing use of precision medicine technologies, we may encounter ethical dilemmas in the potential misuse of genetic test information, for example, in insurance underwriting. To address this, MOH has worked with the Life Insurance Association to put in place a Moratorium on Genetic Testing and Insurance. It sets out specific protections over the use and disclosure of genetic test results, to prevent Singaporeans from being deterred from undergoing genetic testing which can be vital and useful for early detection, prevention and management of genetic conditions.
9 The challenges that I described transcend borders and they make international collaboration amongst regulators essential. Through exchanging best practices and developing partnerships for regulatory harmonisation, we can collectively have regulatory frameworks that are nimble, forward looking, and adaptable to rapid technological advancements.
Nimble and Forward-Thinking Regulatory Framework
10 MOH collaborates with agencies such as the European Partnership for Supervisory Organisations in Health Services and Social Care (EPSO) and HealthAI. We also collaborate with CoRE to strengthen training in healthcare services regulations with ASEAN countries.
11 CoRE is focused on advancing regulatory science and policy in healthcare, both domestically and regionally, through capacity building, thought leadership and fostering collaboration.
12 To grow domestic capability in healthcare regulation, CoRE has launched key educational initiatives, including the flagship Graduate Certificate programme in health products regulation covering pharmaceutical and medical technology regulations. It also supports regional capacity building through the Asian Development Bank Projects in the Greater Mekong Subregion. By identifying regulatory gaps and conducting in-country capacity-building workshops in Laos, Cambodia, Vietnam and Indonesia, CoRE is helping to shape more effective regulatory environments.
13 CoRE also facilitates joint initiatives research projects and roundtables for collaboration between academia, industry and international partners. One example is the CoRE Standards Development Organisation, set up in partnership with Enterprise Singapore, which manages over 60 Singapore Standards and Technical References in the biomedical and healthcare domains, ensuring alignment with global standards.
CoRE’s Role in the Next Decade
14 Regulatory innovation will play a part to shape the future of biomedical science and healthcare and delivery. The diverse topics covered at this conference – ranging from AI and digital health to healthy ageing and disease prevention – highlight the complexity of the challenges that face us. Working together, we can develop regulations that are robust, forward-looking and conducive to both access and innovation.
15 We have with us regulators from around the world, the Asia-Pacific region and Africa, alongside experts from the Ministry’s Regulatory Advisory Panel. Surely, with this brain trust that you have brought together, and the concentration of capability, expertise and experience, this professional community that has been working together to develop these big relationships, can effectively address these challenges and shape the future of healthcare regulation. Our partnerships will shape the next chapter of healthcare regulation, and so it’s my pleasure to declare this conference open.
WEST ORANGE, N.J., Oct. 14, 2024 (GLOBE NEWSWIRE) — Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), today announced its appointment of Uma Pingali as Global Head of Sales and Marketing, a newly created role. With over 30 years of management experience in global sales, marketing, business development within the electronic industry, Uma is uniquely positioned to lead and accelerate Bel’s sales and marketing organizations. His experience with integrating various sales teams that have joined via acquisitions will be very helpful for Bel with our history of acquisitions.
Uma started his career in India and has lived and led sales organizations there and in Singapore, China, Hong Kong and the U.S. In his most recent role as President of Global Sales at Farnell, based in Chicago, Uma managed a team of 600+ people in driving a $1.6 billion global sales organization.
Dan Bernstein, President and CEO, said, “Uma is the perfect fit for the role, given his extensive global experience in the electronics industry. He will be responsible for creating and executing strategies that drive growth beyond current trends, identifying areas for improvement, challenging existing processes, and implementing innovative solutions to optimize sales performance. We are very much looking forward to the contributions that Uma will bring to Bel in further positioning the company for long-term success.”
About Bel
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation and eMobility industries. Bel’s portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel’s product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.
Company Contact:
Lynn Hutkin Vice President of Financial Reporting & Investor Relations ir@belf.com
The Codiac Regional RCMP is asking for the public’s help locating a missing 43-year-old man from Moncton, N.B.
Ronald John Carr was last seen on October 13, 2024, at approximately 3:30 p.m., on MacBeath Avenue in Moncton. He was reported missing to police the same day. Police have followed up on several leads to try and locate him, but have so far been unsuccessful. Police are concerned for his wellbeing.
Ronald John Carr is described as being approximately 5 feet, 10 inches (178 centimetres) tall, and weighing approximately 231 pounds (105 kilograms). He has brown eyes and is bald. He was last seen wearing black shorts. He has tattoos on his neck and arms.
Anyone with information on his whereabouts is asked to contact the Codiac Regional RCMP at 506-857-2400.
LANSING, WV — Gov. Jim Justice visited New River Gorge National Park & Preserve to celebrate continued growth and investment. Additionally, Gov. Justice announced that this year’s Bridge Day attendance is expected to reach record numbers.
As West Virginia’s largest single-day festival, Bridge Day attracts thousands to the New River Gorge Bridge each third Saturday in October for thrilling base-jumping, rappelling, and various festivities.
To accommodate the growing visitation numbers of Bridge Day and the New River Gorge National Park, Gov. Justice cut the ribbon on an expanded parking facility for the Endless Wall Trail. This new parking lot will enhance safety and accessibility for visitors, allowing for a smoother experience as they explore one of the park’s most popular hiking destinations.
Headline: Disaster Recovery Center to Open Oct. 15 in Unicoi County
Disaster Recovery Center to Open Oct. 15 in Unicoi County
ADisaster Recovery Center will open Tuesday, Oct. 15, in Unicoi County to help Tennessee survivors who had damage or losses from Tropical Storm Helene.
The center is located at:
National Guard Armory/Unicoi Emergency Operations Center 615 South Main Ave. Erwin, TN 37650 Hours: 7 a.m. to 7 p.m. ET Monday to Saturday; noon to 5 p.m. ET Sunday
Additional centers are opening soon. To find one near you, go to fema.gov/drc.
The deadline to apply for FEMA disaster assistance is Monday, Dec. 2. Here are the ways to apply:
Visit DisasterAssistance.gov
Use the FEMA mobile app
Call the FEMA Helpline at 800-621-3362. Lines are open from 7 a.m. to midnight ET seven days a week, and specialists speak many languages. If you use video relay service, captioned telephone service or others, give FEMA your number for that service.
To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube.
FEMA programs are accessible to people with disabilities and others with access and functional needs.
Help Also Available at Multi-Agency Resource Centers
The Tennessee Emergency Management Agency, or TEMA, has opened three Multi-Agency Resource Centers, where you can speak with representatives from TEMA; FEMA; the Tennessee Department of Human Services, Department of Labor and Workforce Development, and Department of Safety and Homeland Security-Driver Services; the American Red Cross; the U.S. Small Business Administration; Veterans Services and other organizations.
These centers are open 7 a.m. to 7 p.m. ET Monday-Friday and noon to 5 p.m. ET Sunday in:
Police acknowledge the findings by the Independent Police Conduct Authority into the use of force during a Police operation in Kaeo.
In the early hours of 12 January 2023, Police attended a Kaeo property to locate a man who had warrants for his arrest.
Armed Offenders Squad members attended the address given there was information the man wanted to arrest was in possession of a firearm.
During the operation, Police staff encountered a male occupant of the address who continued to yell abuse despite being told he would be arrested for obstruction.
This male refused to comply with Police instructions and was ultimately pulled from the house, taken to the ground, and was arrested.
In its findings the IPCA found the officer used reasonable and proportionate force to pull the man out of the house and to restrain him.
An independent investigation was unable to determine what caused the man’s head injury and there was no evidence of excessive force.
The IPCA also found the Police policy on head injuries had not been followed in this instance.
Northland District Commander Superintendent Matt Srhoj says: “Alongside the Authority’s independent investigation, Police also carried out an investigation into the complaint.
“Our investigation’s findings were reviewed by the IPCA, to which they were in agreeance.”
Police acknowledge that a medical practitioner should have been called to assess Mr X’s head injury, as required in policy.
“As a result, we have worked to address this finding and implemented a process to prevent this from happening again,” Superintendent Srhoj says.
Foreign Minister Winston Peters is travelling this week to Bangkok for talks with his Thai counterpart, and to Jakarta to attend the inauguration of Indonesia’s next President, Prabowo Subianto.
“New Zealand is committed to our Comprehensive Partnership with Indonesia, and our shared ties as democracies in the Indo-Pacific region,” Mr Peters says.
“It is important we show our strong support for the transition of power in the world’s third largest democracy.”
Mr Peters will also express New Zealand’s appreciation for Indonesia’s assistance in securing the recent release of New Zealand pilot Philip Mehrtens, who was held hostage in Papua, Indonesia.
Before travelling to Indonesia, Mr Peters will visit Thailand to meet with his Foreign Minister counterpart to advance discussions on lifting the Thai-New Zealand bilateral relationship to a Strategic Partnership by 2026.
“Our engagement with Foreign Minister Maris Sangiampongsa will underline the importance we place on our partnership with Thailand,” Mr Peters says.
“The Coalition Government is seriously focused on boosting New Zealand’s engagement with Southeast Asia. Since taking office we have been backing up our words with action.
“Thailand will be the seventh member of ASEAN that we will have visited this year.”
While in Bangkok, Mr Peters will engage with key Thai political and business leaders and New Zealand alumni and meet with New Zealand businesses active in Thailand.
Mr Peters will return to New Zealand on 21 October.
Lilly Ledbetter was a fearless leader and advocate for equal pay. Her fight began on the factory floor and reached the Supreme Court and Congress, and she never stopped fighting for all Americans to be paid what they deserve. Before she was a household name, Lilly was like so many other women in the workforce: she worked hard, with dignity, only to find out she was being paid less than a man for the same work.
Because of Lilly’s tireless efforts, the Lilly Ledbetter Fair Pay Act—a critical step forward in the fight to close the gender and racial wage gaps—became the first bill signed in the Obama-Biden Administration. It was an honor to stand with Lilly as the bill that bears her name was made law.
Lilly’s decades of relentless advocacy inspired us all and have brought us closer to living up to our Nation’s core values of equality and fairness. Vice President Harris and I remain committed to building on Lilly’s legacy and to strengthening equal pay protections for all workers.
Jill and I send our love and condolences to Lilly’s family and all of the women she empowered and continues to inspire.
On October 14th, one year ago today, six-year-old Wadee Alfayoumi, a bright and cheerful American Muslim boy of Palestinian descent, was brutally killed in his family’s home in Plainfield, Illinois. The attacker also repeatedly stabbed and seriously wounded Wadee’s mother, Hanan Shaheen, resulting in murder, attempted murder, and hate crime charges in Illinois. After this heinous attack, Jill and I spoke with their family, as did Vice President Harris. We joined Americans from across the country in expressing our horror and offering our condolences and prayers.
One year later, we continue to think about them. We are grateful for Hanan’s recovery and her powerful voice for peace. But we know the hole in their heart that remains without their beloved son. Days like this are hard because it brings it all back. We keep them in our hearts.
On this day, let us all take steps that honor Wadee’s memory and reaffirm together that there is no place for hate in America, including hatred of Palestinians, Arabs, and Muslims. We can all reject hatred and expose misinformation and disinformation that is cynically aimed at turning us against one another. We can all reach across divides of background and belief to create greater understanding and unity in our country. No one in this country should be subjected to violence or hateful and dehumanizing rhetoric simply because of who they are. No one of any background in this country should be made to feel unsafe in America.
Today, we also reaffirm our commitment to mobilize government to counter hate in all its forms. In May 2021, I signed into law the COVID-19 Hate Crimes Act, which includes the Khalid Jabara and Heather Heyer NO HATE Act, to enhance hate crime data collection and provide community-centered solutions to assist hate crime victims and their communities. The Federal Bureau of Investigation has elevated hate crimes and criminal civil rights violations to its highest-level national threat priority, which has increased the resources for hate crimes prevention and investigations and made hate crimes a focus for all of the Bureau’s field offices. My Administration will continue to spare no effort in countering hate in all its forms.
Together, we must work to end acts of senseless violence and stand united in support of all of our fellow Americans, no matter their race, ethnicity, or creed. May we summon the courage and the strength to do so.
Over the past year, the Biden-Harris Administration has continued to take action to fight hatred and violence against Muslim and Arab communities. Members of these communities, including Palestinian Americans, have been murdered or wounded in hate-fueled attacks; shot and subjected to other assaults as they simply walked down streets; bullied at schools, including by having their religious head coverings ripped off; and denied jobs, harassed, or demoted at work merely because of their faith or ethnicity.
President Biden and Vice President Harris are leading efforts to bring about much-needed change and have repeatedly condemned such violence, discrimination, and bias. These efforts are part of a larger Administration initiative to counter hate in all its forms, to keep every community safe, to promote equal justice, and to afford all Americans a fair shot at success. For generations, Muslim and Arab Americans have contributed to the enrichment and prosperity of our nation through their public, military, and community service, in addition to many other invaluable contributions. And like all Americans, they are entitled to the promise and opportunities of our great nation.
Today, the Biden-Harris Administration is highlighting some actions taken as part of its forthcoming National Strategy to Counter Islamophobia and Hatred Against Arabs in the United States, including important steps to address daily concerns regarding safety and discrimination, as well as issues related to travel. The Administration will continue to lead a whole-of-government and a whole-of society effort to counter hate.
Completed executive branch actions that are part of the forthcoming Strategy include:
Improving Safety and Security
The Department of Homeland Security (DHS), the Federal Bureau of Investigation (FBI) and the National Counterterrorism Center (NCTC) have completed an unclassified assessment on violent threats facing Muslim and Arab communities in the United States. The assessment will be published this week, and is the first of what will be an annual assessment by these agencies regarding threats facing these communities.
Since 2021, DOJ has awarded over $100 million in grants to law enforcement and prosecution agencies, community-based organizations, and civil rights groups to address hate crimes through outreach, investigations, prosecutions, community awareness and preparedness, reporting, hotlines, and victim services. This figure includes nearly $30 million in grants announced last month.
DOJ continues to support law enforcement agencies’ transition to the National Incident-Based Reporting System (NIBRS). Beginning in January 2021, NIBRS became the national standard for law enforcement crime data reporting in the United States and the transition to NIBRS represented a significant improvement in how reported crime is measured and estimated by the federal government. Since 2015, DOJ’s Bureau of Justice Assistance and the FBI have provided more than $150 million to law enforcement agencies and state Uniform Crime Programs to support their transitions to NIBRS.
The DOJ Civil Rights Division continues to prosecute Islamophobic and other hate crimes, including hate crimes directed at students on campus. Last week, a New Jersey man pleaded guilty to a federal hate crime for breaking into the Center for Islamic Life at Rutgers University in New Brunswick, New Jersey, during the Eid-al-Fitr holiday and damaging and destroying religious artifacts because of the Islamic faith of those associated with the facility.
DOJ’s United Against Hate initiative, led by all 94 United States Attorneys’ Offices (USAOs), combats unlawful acts of hate by teaching community members how to identify, report, and help prevent hate crimes and by building trust between law enforcement and communities. To date, at least 45 USAOs have engaged directly with Muslim communities.
Attorney General Garand directed the Federal Bureau of Investigation (FBI) and all 94 USAOs across the country to work with local law enforcement and community leaders to protect communities from hate-fueled violence in the last year and recently reaffirmed DOJ’s commitment to combat the disturbing rise in the volume and frequency of threats against Muslim, Arab, and Palestinian as well as Jewish communities here in the United States. DOJ created a webpage aimed at raising awareness of resources for addressing these threats, and it will continue to publicize its efforts.
During the September 2024 Protecting Places of Worship Week of Action, the DHS Center for Faith-Based and Neighborhood Partnerships and White House Office of Faith-Based and Neighborhood Partnerships hosted workshops to encourage partnerships to take collective action against hate-based violence, including Islamophobic violence and hate crimes against Arabs. This emphasis included promotion of a guide to applying for Nonprofit Security Grant Program funding.
DHS hasannounced that it will distribute $210 million in Nonprofit Security Grant Program funds as the second tranche of additional funding the Biden-Harris Administration secured to protect faith-based institutions and nonprofit organizations against targeted attacks. This funding opportunity will be made available in late October.
Tackling Discrimination and Bias
The U.S. Office of Personnel Management has published the Workplace Rights Federal Toolkit, a compilation of resources for employees of the federal government regarding their workplace rights, including information about their rights to nondiscrimination and religious accommodation.
The Department of Labor sent a letter to American Job Centers and other public workforce entities reminding them about their legal obligations to enforce prohibitions on discrimination based on actual or perceived religion, shared ancestry, or ethnic characteristics — including Islamophobia, Antisemitism, and related forms of discrimination – in federally funded activities and programs. The letter also included a fact sheet with examples of these forms of discrimination in the workforce development system.
DOJ issued a fact sheet titled Confronting Discrimination Based on Religion in Schools: A Resource for Students and Families, which discusses scenarios involving students’ rights to pray and wear religious attire in schools.
ED’s Office for Civil Rights (OCR) issued a Fact Sheet on Harassment based on Race, Color, or National Origin on School Campuses, reminding schools of their federal civil rights obligations under Title VI of the Civil Rights Act of 1964 (Title VI) to take prompt and effective action to respond to harassment that creates a hostile environment. ED OCR continues to investigate and resolve claims of shared ancestry discrimination under Title VI at schools. For example, ED OCR recently entered into a resolution agreement with the Ann Arbor Public Schools in Michigan to address concerns about a hostile environment for students based on shared Muslim/Arab Palestinian ancestry.
The Department of Housing and Urban Development (HUD) issued a letter to the over 200 federally-funded Fair Housing Initiatives Programs and Fair Housing Assistance Programs on how to identify and counter Islamophobia, Antisemitism, and related forms of bias and discrimination in housing. Also, HUD created a webpage on protections against housing discrimination on the basis of religion, shared ancestry, or ethnic characteristics, which include the Fair Housing Act of 1968 and Title VI of the Civil Rights Act of 1964.
The Department of Transportation (DOT) provided a number of resources related to travelers’ rights and opportunities to file a complaint when there may be an instance of discrimination by airlines or recipients of federal funding, including discrimination on the basis of religion or national origin. The Passengers’ Right to Fly Free from Discrimination is a guide designed to explain DOT’s role in protecting aviation passengers from unlawful discrimination. Similarly, the Guidance for Airline Personnel on Non-discrimination in Air Travel assists airline personnel in understanding their legal obligations not to discriminate against passengers. For example, this guidance notes that it is impermissible to remove a passenger from a flight simply because he is holding a book that appears to be a Quran.
DOJ sent a letter to state, county, and municipal officials reminding them of the obligation of public officials to comply with the land use provisions of the Religious Land Use and Institutionalized Persons Act (RLUIPA) and to inform them about documents issued by DOJ that may be of assistance to them in applying this federal civil rights law. RLUIPA is a federal law that protects people and religious institutions from discriminatory and overly burdensome land use regulations. For example, DOJ recently filed a complaint and consent decree in United States v. Hendricks County, settling allegations that Hendricks County violated RLUIPA and the Fair Housing Act by twice unlawfully denying zoning approval to an Islamic educational organization that sought to develop a religious seminary, school, and housing on land in Hendricks County.
Some Americans, including many Muslims and Arabs, have documented how financial institutions use de-risking, a practice to terminate or restrict business relationships indiscriminately with broad categories of clients rather than analyzing and managing the risks of clients in a targeted manner. To help address de-risking, the U.S. Treasury Department has published its National De-Risking Strategy. The Treasury Department also has issued a proposed rule to improve the effectiveness of how banks manage potential risks associated with anti-money laundering and counter-financing of terrorism in a risk-based manner, while avoiding one-size-fits-all approaches that can lead to financial institutions declining to provide financial services to entire categories of customers.
Addressing Issues Related to Travel
On January 20, 2021, President Biden rescinded the previous administration’s discriminatory Muslim Ban, which included many Arab countries and was inconsistent with our nation’s foundation of religious freedom for all. At President Biden’s direction, the U.S. Department of State conducted a review of visa applications and has taken various corrective actions to process applications that were impacted by the prior travel ban, including reconsidering previously denied applications and implementing a one-time fee credit for certain applicants.
The issue volume was 900 CFAs with a yield of 22% per annum. The issuer of the CFAs was SELF SOFT PRODUCTION LLC, a company specializing in the creation of asset tokenization platforms and acting as the administrator of the investment art marketplace MyInvest.Art.
Sergey Kharinov, Managing Director for Digital Assets at Moscow Exchange:
“The issuance of digital financial assets for art objects is an important stage in the development of financial technologies and the spread of securitization mechanisms into new business segments. In the long term, this will allow investors to be provided with a wide variety of financial products that will expand the possibilities for diversifying their investments.”
Vladimir Shabason, founder of the MyInvest.Art platform:
“This is the first successful tokenization of a contemporary art piece in Russia, and we are proud that our team made this step possible. We are confident that this project opens a new era of investment in contemporary art, making it accessible to a wide range of investors. We plan to offer investors new products that will allow them to earn on the growth in the value of works of art.”
On August 3, 2023, the Moscow Exchange Group received licenses from the Bank of Russia to operate as an information system operator (NPO JSC NSD) and a digital financial asset exchange operator (PJSC Moscow Exchange).
Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Group includes a central depository, as well as a clearing center that performs the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.
Contact information for media 7 (495) 363-3232PR@moex.com
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
10/14/2024 17:10
In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on 14.10.2024, 17-10 (Moscow time), the values of the upper limit of the price corridor (up to 100.44) and the range of market risk assessment (up to 1115.6 rubles, equivalent to a rate of 8.75%) of the security RU000A102986 (SUEK-F1P6R) were changed
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
MILES AXLE Translation. Region: Russian Federation –
Source: Central Bank of Russia –
Most of the participants in the discussion conceptually supported the need to stimulate the market of affordable loans for citizens and businesses. They also believe that microfinance organizations (MFOs) should exclude negative practices that lead to indebtedness of citizens.
Public discussions Bank of Russia reporton promising areas of development of the MFI market for 2025–2027 were discussed with representatives of MFIs, self-regulatory organizations, the scientific and expert community, as well as State Duma deputies. The regulator processed more than 100 proposals and questions from market participants.
Following the consultations, the Bank of Russia plans to implement the measures proposed in the report to protect citizens as a matter of priority. This includes the introduction of the “one loan per hand until repayment” rule and the establishment of a cooling-off period, when a new loan can be obtained no earlier than three days after a person has repaid the previous debt to the MFI. In addition, the regulator intends to reduce the maximum overpayment on consumer loans from 130 to 100% of the debt amount.
A comprehensive review of legislation and regulations will take place over three years. The Bank of Russia will take into account the proposals and comments received during public consultations when developing the regulation.
Preview photo: Funtap / Shutterstock / Fotodom
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
Application selection parameters
Date of the selection of applications
10/15/2024
Unique identifier of the application selection
22024529
Deposit currency
rubles
Type of funds
funds of the single treasury account
Maximum amount of funds placed in bank deposits, million monetary units
697 200
Placement period, in days
2
Date of deposit
10/15/2024
Refund date
10/17/2024
Interest rate for placement of funds (fixed or floating)
FIXED
Minimum fixed interest rate for placement of funds, % per annum
18.14
Basic floating interest rate for placement of funds
–
Minimum spread, % per annum
–
Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special)
Urgent
Minimum amount of funds placed for one application, million monetary units
1,000
Maximum number of applications from one credit institution, pcs.
5
Application selection form (open or closed)
Open
Application selection schedule (Moscow time)
Venue for the selection of applications
PAO Moscow Exchange
Applications accepted:
from 09:30 to 09:40
Preliminary applications:
from 09:30 to 09:35
Applications in competition mode:
from 09:35 to 09:40
Formation of a consolidated register of applications:
from 09:40 to 09:50
Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful:
from 09:40 to 10:00
Submission of an offer to credit institutions to conclude a bank deposit agreement:
from 10:00 to 11:00
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions:
from 10:00 to 11:00
Deposit transfer time
In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
Application selection parameters
Date of the selection of applications
10/15/2024
Unique identifier of the application selection
22024523
Deposit currency
rubles
Type of funds
funds of the single treasury account
Maximum amount of funds placed in bank deposits, million monetary units
20,000
Placement period, in days
182
Date of deposit
10/15/2024
Refund date
04/15/2025
Interest rate for placement of funds (fixed or floating)
FLOATING
Minimum fixed interest rate for placement of funds, % per annum
–
Basic floating interest rate for placement of funds
RUONmDS
Minimum spread, % per annum
0.00
Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special)
Urgent
Minimum amount of funds placed for one application, million monetary units
1,000
Maximum number of applications from one credit institution, pcs.
5
Application selection form (open or closed)
Open
Application selection schedule (Moscow time)
Venue for the selection of applications
PAO Moscow Exchange
Applications accepted:
from 12:30 to 12:40
Pre-applications:
from 12:30 to 12:35
Applications in competition mode:
from 12:35 to 12:40
Formation of a consolidated register of applications:
from 12:40 to 12:50
Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful:
from 12:40 to 13:00
Submission of an offer to credit institutions to conclude a bank deposit agreement:
from 13:00 to 14:00
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions:
from 13:00 to 14:00
Deposit transfer time
In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
RUONmDS = RUONIA – DS, where
RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.
DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.
Application selection parameters
Date of the selection of applications
10/15/2024
Unique identifier of the application selection
22024524
Deposit currency
rubles
Type of funds
funds of the single treasury account
Maximum amount of funds placed in bank deposits, million monetary units
50,000
Placement period, in days
35
Date of deposit
10/16/2024
Refund date
11/20/2024
Interest rate for placement of funds (fixed or floating)
FLOATING
Minimum fixed interest rate for placement of funds, % per annum
–
Basic floating interest rate for placement of funds
RUONmDS
Minimum spread, % per annum
0.00
Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special)
Urgent
Minimum amount of funds placed for one application, million monetary units
1,000
Maximum number of applications from one credit institution, pcs.
5
Application selection form (open or closed)
Open
Application selection schedule (Moscow time)
Venue for the selection of applications
PAO Moscow Exchange
Applications accepted:
from 15:30 to 15:40
Preliminary applications:
from 15:30 to 15:35
Applications in competition mode:
from 15:35 to 15:40
Formation of a consolidated register of applications:
from 15:40 to 15:50
Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful:
from 15:40 to 16:00
Submission of an offer to credit institutions to conclude a bank deposit agreement:
from 16:00 to 17:00
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions:
from 16:00 to 17:00
Deposit transfer time
In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
RUONmDS = RUONIA – DS, where
RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.
DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.
Contact information for media 7 (495) 363-3232PR@moex.com
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
