Intersindical RTVV Sat, 04 Dec 2021 18:00:06 +0000 en-US hourly 1 Intersindical RTVV 32 32 Don’t bet on the end of oil and gas donations Sat, 04 Dec 2021 18:00:06 +0000

The United States has announced that, in accordance with President Biden’s January executive order, it will end funding for oil and gas projects. Given the likelihood of significant exemptions, we remain skeptical.

Despite our differences – one of us is a libertarian who opposes all government privileges accorded to business, while the other is a progressive who believes government should provide a strong social safety net from the cradle to the grave and help the adoption of clean renewables – we agree that the government should not be supporting rich, politically connected businesses. Yet this is what the Ex-Im Bank (Ex-Im) does, including for its wealthy friends in the oil and gas industry.

On average, the industry receives about $ 20.5 billion per year in direct US subsidies and $ 121 billion in tax breaks. When the pandemic began, the industry was quick to claim between $ 3 billion and $ 7 billion in free money from the Small Business Administration’s paycheck protection program. In addition, several federal agencies go to great lengths to serve their friends in the oil and gas industry, with the full support of the White Houses and the Republican and Democratic Congresses.

The Export-Import Bank is one of these agencies. Ex-Im describes his mission as “supporting American jobs by facilitating American exports”. While it might sound good, her devilishness is revealed in her details. Historically, 65% of Ex-Im funding has benefited 10 large national companies, with 25% of its activities benefiting the oil and gas industry.

But Ex-Im’s worst offense is its pocket dog-like dedication to a few clients, such as Pemex, the Mexican state-owned energy giant and its biggest beneficiary. From 2007 to 2019, Pemex received some $ 8.5 billion in taxpayer-guaranteed loans. Between 2009 and 2017, fires, explosions and the collapse of oil rigs killed more than 190 of its employees and injured more than 570. These accidents also caused serious environmental damage, including pollution of three rivers, resulting in the loss of half a million Mexicans drinking water. Recently, Pemex’s disregard for environmental protection and safety caused hell in the Gulf of Mexico resulting from a project backed by Ex-Im.

These facts are well known to the management of Ex-Im. Yet the agency nonetheless granted an additional $ 400 million in loan guarantees to Pemex last September. Now he’s preparing another deal for Pemex, this time in a category with even less oversight.

Ex-Im isn’t afraid to go the extra mile to please his big oil and gas friends. In 2019, he announced a $ 5 billion deal (later revised to $ 4.7 billion) to support the development and construction of a liquefied natural gas (LNG) project in Mozambique. Documents provided by the agency in response to a Freedom of Information Act request revealed how it deliberately ignored warnings about the many associated risks.

Enter the bigwigs of the US LNG industry, who were unhappy that a foreign competitor got a head start on Ex-Im funding, even though they were also beneficiaries. They threatened to publicize their opposition to the Mozambique project. After a few twists and turns, Ex-Im decided to appease the industry with his own accord: a 90% guarantee for a $ 50 million supply chain finance deal to benefit a based company. in Texas, extended through a supply chain finance provider. in January 2021. All Ex-Im had to do to make it happen was use pandemic coverage to lift a pesky requirement that 50 percent of suppliers be small businesses benefiting from the Ex-Im program.

Satisfied, the LNG industry has withdrawn its opposition to Mozambique’s project, as revealed in a letter published under transparency laws and produced by Source Material, a non-profit investigative journalism organization.

Despite cheerful press releases celebrating the two deals as milestones for the agency, all was not well in the world of subsidized oil and gas. In May 2021, the aforementioned finance provider collapsed into insolvency and the project operator in Mozambique declared force majeure, which allowed it to cancel contracts, withdraw all its staff and avoid the compensation promised to poor communities affected by the project due to an insurgent attack.

Ex-Im should have known better. Indeed, the financier in question had already been the subject of an investigation by a German regulator for some time, which led to a criminal complaint in March 2021. More damning was that in September 2020, when Ex -Im was working on the deal, the insurer chose not to extend coverage on its loans, a move that ultimately led to its collapse. Such a lack of due diligence is nothing new for an agency that deals with special interests far more than taxpayers or public welfare.

Supporters can say shenanigans were to be expected under President Trump. But the Pemex / Ex-Im alliance, along with the agency’s commitment to oil and gas subsidies, existed long before Trump entered politics. It will last under President Biden’s tenure unless Congress forces Ex-Im to end all donations to the oil and gas industry.

Véronique de Rugy is the George Gibbs Chair in Political Economy and Principal Investigator at the Mercatus Center at George Mason University. Kate DeAngelis is an international fundraising program manager with Friends of the Earth US

Source link

Structural solutions to structural inequalities – a European trade union perspective – Luca Visentini, Nicola Countouris and Philippe Pochet Fri, 03 Dec 2021 04:04:23 +0000

Responses to the pandemic have overturned the idea that “there is no alternative” to macroeconomic policies leading to deepening inequalities.

Cash and injections: the pandemic has highlighted economic inequalities (

As the European Trade Union Confederation and the European Trade Union Institute join forces to launch the 21st issue of their annual publication, Comparative analysis of Working Europe– with the evocative title “An Unequal Europe” – it is opportune to reflect on the nature of inequalities and on what the European Union in particular should do to tackle it.

The chapters of this year’s report are a powerful reminder that inequalities are not just a one-off historical incident linked to a particular crisis. There is little doubt that the pandemic has generated new forms of inequality while exacerbating others or that Covid-19 has thrived on the vulnerabilities that affect our societies. But it is also clear, and demonstrated, that inequalities are fundamentally the product of an economic model which, over the past three decades, has gradually redistributed less and less income and wealth to the lower percentiles of society while sequestering more and more at the top. In other words, inequality is a structural problem. And structural problems require structural solutions.

Policy responses

Over the past two years we have seen new political responses to the challenges posed by the pandemic, straying sharply from the neoclassical economic formulas that plagued the well of European integration during the decade of austerity. These include the SURE employment support program and dozens of job maintenance and income support programs that have proliferated in the EU since spring 2020. The budgetary constraints of the Stability Pact and growth policies have been temporarily suspended and certain rules on state aid and competition law relaxed. And of course, there has been an unprecedented injection of liquidity into the real economy under Next Generation EU and its domestic counterparts.

Our work suggests that, without this change of direction, the social and economic impact of the pandemic would have been catastrophic and the European project could have been fatally derailed. These national and European political responses to the Covid-19 crisis should, however, no longer be considered temporary and contingent – with an expiration date already written in pencil in the 2023 calendar – but reinterpreted as structural responses to long-standing deficiencies. of the neoliberal governance model.

Paradoxically, unequal societies are less able change management, including the change needed to address the deepest, often existential, challenges we face. While Covid-19 has disproportionately affected the most vulnerable, reluctance to vaccinate – let alone vaccine availability globally – is also deeply correlated with social and economic inequalities, hampering efforts to vaccinate the most large number possible. Likewise, our research shows that those least responsible for climate change (in Europe and beyond) are and will continue to be the most affected by it.

Decisive reorientation

Our work also points to another paradox: the growing social and economic disadvantage of our time risks delaying a decisive reorientation of our production and consumption system towards a carbon neutral future. To simplify a much more sophisticated message, as climate change mitigation policies affect energy and food prices, they are likely to slow progress in energy access and disproportionately affect the poorest, who spend a higher share of their income on these goods, generating resistance and discontent.

Ten years ago it was common to justify austerity policies by suggesting – as former British Prime Minister Margaret Thatcher put it – that “there is no alternative”. But the redistributive and counter-cyclical responses to the pandemic have made it clear that an alternative exists and can be implemented successfully, when there is widespread political will to do so.

More than that, as noted in the foreword to our report and the guest editorial written by Professor Kate Pickett, there is a large and growing and cohesive body of ideas, theories and policy proposals that anticipate a stronger future. sustainable, resilient and equitable for all. A future that will require political decision-makers today to make important – and sometimes difficult – choices to ensure the well-being of our societies of tomorrow.

A new era of prosperity, shaped by a fair and sustainable distribution of economic and natural resources, decent incomes and a fair sharing of all the fruits of progress is finally within the reach of our generation.

Help our mission drive progressive political debates

Social Europe is a independent editor and we believe in content that is available for free. For this model to be sustainable, we depend on the solidarity of our loyal readers – we depend on you. Thank you for supporting our work by becoming a member of Social Europe for less than 5 euros per month. Thank you very much for your support!

Become a member of Social Europe

Luca Visentini is General Secretary of the European Trade Union Confederation (ETUC).

telework, homework, telework

Nicola Countouris is Head of the Research Department at the European Trade Union Institute and Professor of Labor and European Law at University College London.


Philippe Pochet is Director General of the European Trade Union Institute (ETUI). He is the author of In search of social Europe (ETUI, 2019).

Source link

EXPLANATION: What are the rules for travelers entering the United States? Thu, 02 Dec 2021 20:53:07 +0000

President Joe Biden’s latest measures to limit the spread of COVID-19 will increase the hassle factor of flights to the United States, even for American citizens returning from overseas.

From next week, travelers to the United States will be required to show evidence of a negative test for the virus within one day of boarding their flight. The previous period was three days.

In addition, Biden will extend the federal rule requiring passengers on planes, trains and buses to wear face masks until March 18. It was due to expire in mid-January.

These proposals came quickly, underscoring the urgency for the White House to act before winter, when the virus can more easily spread among people indoors, and since the discovery of a disturbing new variant of COVID. -19. The first U.S. case of the omicron variant was discovered in California and reported by the administration on Wednesday.

The administration’s actions come just days after the White House announced a travel ban to the United States for foreign nationals who visited South Africa or seven other African countries within the 14 days. previous ones. This travel ban does not apply to US citizens and permanent residents.

More revealing, perhaps, is what is not included in Biden’s announcement, including some proposals that were launched earlier this week like new quarantine rules for people arriving in the United States from from abroad, which travel industry officials said would have been very disruptive.

White House press secretary Jen Psaki was asked why the administration didn’t go further and demand vaccinations or a negative test for passengers on domestic flights. She replied that “nothing is out of place. ”

“We base our decisions on the advice of medical and health experts, on what will be most effective and what we can implement,” Psaki said. “The President takes their advice and guidance very seriously, but I would say there is discussion of a range of options every day.”

Here is an overview of the new requirements and their likely impact.


The White House has said that early next week, the United States will begin requiring all inbound international travelers to be tested for COVID-19 within one day of their flight to the United States, regardless of whether their nationality or vaccination status. This will replace a similar three-day requirement in effect since early November, when the administration removed country-specific travel bans.

“This tighter testing schedule provides an added degree of protection as scientists continue to study the omicron variant,” Biden said in a brief appearance to announce his latest measures against the virus.

Scott Keyes, founder of travel site Scott’s Cheap Flights, said the shorter time to get tested would weaken demand for international travel from both Americans going overseas and foreigners coming to the United States. by the White House, including allowing the use of rapid antigen tests instead of requiring more expensive PCR tests, and asking insurance companies to cover the costs.

The US Travel Association has said it hopes the one-day window is temporary “until more is known about the omicron variant.”


The Transportation Security Administration will extend the requirement to wear a mask on planes, trains, subways and other public transportation, including airports and bus stations, throughout the winter. The fines, which were doubled earlier this year, will remain in the $ 500 to $ 3,000 range.

The mask rule has become a flashpoint on flights, and some in the airline industry are anxious to see the warrant disappear. Airlines have reported more than 5,000 incidents of unruly passengers to federal authorities since the start of the year, with about three-quarters of the events involving passengers refusing to wear a mask.


Administration officials considered other requirements, including testing international travelers after arriving in the United States and requiring all travelers – even US citizens – to self-quarantine for several days even s ‘they are negative for COVID-19.

Kevin Mitchell, founder and chairman of the Business Travel Coalition, said the elements of Biden’s announcement aren’t big issues.

“One idea that was floated that maybe you should have quarantined – that would have been a problem,” Mitchell said. “It is a relief for the entire world of travel and tourism” that quarantines have not been ordered.

Shares of airlines, which have been volatile since the announcement of the omicron variant, rose 6% to 9% in trading on Thursday afternoon.

In the past week or so, online searches for international flights have fallen sharply while searches for domestic flights have remained fairly stable, according to figures from the travel agency and search engine Kayak.

“This tells me that people are wary, that they take a wait-and-see approach to international travel because they want to see what scientists conclude about this variant of omicron, but domestic travel has mostly failed. not been affected, ”Keyes said.


David Koenig can be contacted at

Source link

QUILTER PLC – Form 8.3 Announcement – SENS Thu, 02 Dec 2021 15:42:00 +0000

Form 8.3 Announcement

(previously, Old Mutual Wealth Management Limited)
Incorporated under the Companies Act 1985 with registered
number 06404270 and re-registered as a public limited
company under the Companies Act 2006)
Quilter plc (the ‘Company’)
FORM 8.3

Rule 8.3 of the Takeover Code (the “Code”)


(a) Full name of discloser: Quilter PLC (and subsidiaries)

(b) Owner or controller of interests and short
positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is
insufficient. For a trust, the trustee(s), settlor and
beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose The Ince Group PLC
relevant securities this form relates:
Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an
offeror/offeree, state this and specify identity of
(e) Date position held/dealing undertaken: 01/12/2021
For an opening position disclosure, state the latest
practicable date prior to the disclosure
(f) In addition to the company in 1(c) above, is the N/A
discloser making disclosures in respect of any
other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”


If there are positions or rights to subscribe to disclose in more than one class of relevant
securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for
each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree
to which the disclosure relates following the dealing (if any)

Class of relevant security: 1p ordinary

Interests Short positions

Number % Number %
(1) Relevant securities owned 1,024,433 1.49
and/or controlled:
(2) Cash-settled derivatives:

(3) Stock-settled derivatives
(including options) and

Form 8.3
agreements to purchase/sell:
TOTAL: 1,024,433 1.49

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or
agreements to purchase or sell relevant securities, should be given on a Supplemental
Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee

Class of relevant security in relation to
which subscription right exists:
Details, including nature of the rights
concerned and relevant percentages:


Where there have been dealings in more than one class of relevant securities of the offeror or
offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class
of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security Purchase/sale Number of securities Price per unit

(b) Cash-settled derivative transactions

Class of Product Nature of dealing Number of Price per
relevant description e.g. opening/closing a reference unit
security e.g. CFD long/short position, securities
increasing/reducing a
long/short position

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class Product Writing, Number Exercis Type Expir Option
of descriptio purchasing of e price e.g. y date money
relevan n e.g. call , selling, securitie per unit American paid/
t option varying s to , receive
securit etc. which Europea d per
y option n etc. unit

(ii) Exercise

Form 8.3 December 2021
Class of Product Exercising/ Number of Exercise price
relevant description exercised securities per unit
security e.g. call option against

(d) Other dealings (including subscribing for new securities)

Class of relevant Nature of dealing Details Price per unit (if
security e.g. subscription, conversion applicable)
1p ordinary Transfer out 50,000


(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the person making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such
agreements, arrangements or understandings, state “none”

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between
the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which
any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached? NO

0B Date of disclosure: 02/12/2021

1B Contact name: Julia Taltavull

2B Telephone number*: +44 (0)207 150 4233

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s
disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included,
provided contact information has been provided to the Panel’s Market Surveillance Unit.

Form 8.3
The Code can be viewed on the Panel’s website at

2nd December 2021

J.P. Morgan Equities South Africa Proprietary Limited

Form 8.3

Date: 02-12-2021 05:42:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

Source link

Grohl + Kurstin cover Van Halen’s ‘Jump’ for Hanukkuh sessions Wed, 01 Dec 2021 22:42:07 +0000

Welcome to Hanukkah Day 4, with Dave Grohl and Greg Kurstin following the festivities with their latest cover of the “Hanukkah Sessions” series, this time celebrating one of “rock’s loudest and proudest Jews,” David Lee by Van Halen Roth.

Both musicians continue to make the most of the series’ tributes. Their cover doesn’t stray too far from the Van Halen original, with Kurstin in particular getting the chance to showcase supreme keyboard skills. Keeping things fun and somewhat campy, the musicians serve up a few callbacks to Van Halen’s original “Jump” video with Grohl mimicking some of Roth’s stage moves and the pair synchronizing their “jumps” towards the camera.

Commenting on their choice of artist for the cover, the duo said, “Probably the loudest and proudest of hard rock Jews, David Lee Roth recorded his Bar Mitzvah prep as his first vocal training. He went rock’n’roll. star the day he became a man: Diamond Dreidel DLR and Van Halen … with “Jump”.

For those keeping track, Van Halen Roth’s nod follows previous performances of “Hanukkah Sessions” by “Stay (I Missed You) by Lisa Loeb”, “Blitzkreig Bop” by Ramones and “Copacabana” by Barry Manilow. . Stay tuned for the rest of Hanukkah to see what Grohl and Kurstin have in store.

Kurstin X Grohl, “Jump” (Cover by Van Halen)

The best covers of 40 rock bands

Japan’s experimental icons Boris release spooky new song Wed, 01 Dec 2021 13:06:22 +0000

For more than a quarter of a century, the Japanese Boris have continuously pushed their own limits, renewing their creative spirit with a radically wide and experimental range of styles and sounds. On “Drowning By Numbers”, the first track from their upcoming 2022 album, W, the band overturns the script again with a blurry, minimalist, wave-free tingle.

While this new single is indicative of Boris’ approach to the rest of W, it has the making of an extreme reaction to the 2020s No, one of the band’s most abrasive recordings to date which adopted a raucous, lo-fi black metal aesthetic and interwoven it with loud sludge rock.

Rather, “Drowning By Numbers” serves as a palette cleanser from this exercise to the end with a quirky bassline, funeral vibe and the huffed, whispered voice of guitarist Wata.

Commenting on the music video for this new song, Boris said, “This video was shot at a private showcase with a limited invitation in April 2021. This is a collaborative performance with a contemporary dance team. The song has been transformed from its original performance and visualized; a large hat symbolically dances at the start of the new album. “

Watch the video below.

W will be released on January 21 on Sacred Bones Records. Pre-order the album here and check out the illustration and track list below.

Boris, “Drowning By Numbers” music video

Boris, W Album cover + track list

1. “I want to go to the side where you can touch …”
2. “Icelandic”
3. “Drowning by the numbers”
4. “Invitation”
5. “The Fallen”
6. “Beyond good and evil”
7. “Old projector”
8. “You will know” (Ohayo Version)
9. “Jozan”

The “Big 4” of the 17 metallic sub-genres

Everyone knows the “Big 4” of thrash metal, but what about other styles of metal?

Source link

Melbourne’s best rooftop bars for a spritz Tue, 30 Nov 2021 03:29:27 +0000

Panoramic views, fresh air, beautiful sunshine: the rooftop bars are designed to stretch out with a drink and soak up the scenery. With summer upon us and lockdown relaxed, there’s never been a better time to gather friends, climb to Melbourne’s rooftops, and breathe out.

Whether you want to look out onto the beach or witness a sunset backlit cityscape, there are enough places to keep you outdoors all season. Here are five places to take your spritz.

Johnny’s green room
This bar sits atop Carlton’s famous King and Godfree Restaurant, delicatessen and wine shop. Take the elevator to the rooftop to find peach terrazzo bars, marble tables and the hustle and bustle of Lygon Street gently floating from below. Carlton’s nearly 360-degree views provide the perfect backdrop for the menu of drinkable snacks like Appellation oysters and fried calamari.

God’s goodness
Follow the rainbow and you might not find a pot of gold, but you get the next best thing – one of Melbourne’s best rooftop bars. Good Heavens is the roof over Fancy Hanks, smeared with a Miami vice palette and greenery desert oasis. Being next door to Fancy Hanks has its charm too, with a menu of smoked meats, blooming onions, and fried pork ribs, all available on the rooftop.

Captain Baxter
Above St Kilda’s very popular sea baths sits Captain Baxter, pointing like a ship across the bay. The space has an upscale beach bungalow style, full of whitewashed wood and cane detailing that feels truly tropical. Seating inside is flanked by generous bay views, while outside, the retractable roof and group-friendly patio scream for after-beach drinks. The menu weaves Asian influences with fresh seafood, focusing on lighter options like tuna sashimi with wasabi and ponzu, and shrimp and pomelo salad – perfect to accompany an Aperol Spritz and look over it. waves.

Goldilocks Bar
Goldilocks Bar certainly subscribes to the idea that the journey is as important as the destination. You’ll have to make your way through a Chinese restaurant at street level, ride an elevator, pass a bar, and climb a few more steps before you do, but it’s worth it. The rooftop space overlooking Swanston Street is intimate, although the retractable roof can open things up. It’s table service only, with a handful of Mr. Kwok’s Chinese-influenced snacks downstairs.

Electrical union
Find this hidden under the lightning sign in Heffernan Lane in Chinatown. The eclectic space displays the bricks and beams of its former host, while also offering a range of indoor-outdoor style spaces ideal for gathering friends and taking in the city. The small quarters mean it doesn’t make any food, but you can still have dumplings delivered from the nearby New Kum Den right to your table.

This article is produced by Broadsheet in partnership with Aperol. With 100,000 Aperol Spritz up for grabs this summer to celebrate being together again, find out how to claim yours.

Slash reveals album that made him want to learn guitar Mon, 29 Nov 2021 17:23:12 +0000

Guitar greats don’t just pick up the instrument the day they are born. There’s usually an inspiration that inspires a desire to pick up the guitar, and in a conversation with producer Dave Cobb on Apple Music’s Southern Accents Radio, Slash revealed that the album that brought him to play. the guitar for the first time was that of Cream. Disraeli gears.

The legendary trio of Eric Clapton, Ginger Baker and Jack Bruce had a relatively short tenure, but made a gigantic impact during their brief appearance with the 1967 second album, Disraeli Gears, providing fans with rock classics such as “Sunshine of Your Love” and “Strange Brew.”

“Right off the bat, Disraeli Gears was the record that took me from bass to guitar,” Slash recalls. “When I first came in to learn an instrument, I intended to play bass because Steven Adler, the original drummer for Guns N ‘Roses, when he and I first met , he was already playing guitar, so we were going to make a band so I was going to start playing bass, but I didn’t really know technically the difference between bass and guitar back then. “

Slash met a guitar teacher and during their first session he started playing “Sunshine of Your Love”, to which Slash replied, “That’s what I want to do.” “It was the guitar, right, the electric guitar, and that’s where I picked the guitar,” Slash says. “So Disraeli gears, besides being one of the great rock and roll blues records of the day, if not all time, it’s also what made me pick up the guitar in the first place. “

Upon release, Cream’s Disraeli gears peaked at No. 4 on the Billboard 200 Album Chart. It has since been certified platinum in the United States. Revisit “Sunshine of Your Love,” the first song that captured Slash’s ear and made him want to play guitar, in the player below.

Of course, Slash rose to fame as a guitarist and while the last few years have been spent promoting his return to Guns N ‘Roses, Slash with Myles Kennedy and the Conspirators have a new album, 4, released in February.

Listen to Slash’s full interview on Apple Music Radio Accents du Sud here.

Cream, “Sunshine of your love”

66 best hard rock + metal guitarists of all time

Source link

Declare that crypto will never be a currency Mon, 29 Nov 2021 07:45:26 +0000 Suppose you and I enter into a private contract in which I sell you a digital version of the famous Mother India board by MF Husain and you pay me 100 Ethereums (cryptocurrency). In a free society, as consenting adults, we can enter into any agreement to transact in private property. What should a digital version of Husain’s painting be worth or whether this transaction should be done in Ethereums or gold or whatever should ideally not be of concern to the government.

But if you later realize that what I sold you is just a picture of Husain’s painting, taken without permission, or that the value of the Ethereums you paid was multiplied by 50 and you paid too much, then the state should step in and provide recourse for you?

This is the crux of the cryptocurrency debate. Cryptocurrencies, despite the name, cannot be “currencies”. Money, by definition, is about trust that cannot be replaced by “cool” technology. When the Indian currency was suddenly demonetized overnight, it was the confidence people placed in their currency that was shaken, the effects of which still persist. Even though it may indulge in reckless experiments with the national currency, the state should still not give up its sovereign right to issue currency. This state-backed currency should serve as the primary medium of exchange in any society.

By now, the world has realized the dangers of letting engineers run wild with their decentralized ‘peer to peer’ technological disruptions such as Facebook, WhatsApp and other social media tools that have created deep mistrust and havoc. in the society. A trusted currency with sovereign backing is the cornerstone of modern society, and it cannot be replaced by distributed and decentralized token technology without causing major social upheaval.

If cryptocurrencies are not legalized as a currency, then why ban them? Banning an unrecognized medium of exchange is neither feasible nor useful. If two parties still want to transact using eclectic objects with full knowledge that they are not a valid medium of exchange, then the state does not need to intervene in that transaction.

A ban will only make these transactions underground, making it even more difficult to track and control them when needed, such as sports betting.

Which still leaves the question of giving recourse to people who could have been swindled in blockchain transactions. It is tempting to bring up the idea of ​​a new government regulator to monitor the abuse of private transactions and protect those affected. But establishing a new regulator for cryptocurrencies can trigger what economists call a moral hazard problem. It risks sending a deceptive signal to a supervisory authority to protect its losses, thus prompting more people to speculate on things that will never be recognized as a legitimate medium of exchange. In other words, putting in place a new regulator for oversight and remediation can stimulate speculative cryptocurrency trading rather than curbing it under the pretext that there is now an investor protection authority.

The other idea launched is to treat cryptocurrencies as “assets” for the purposes of taxation and tax on trading gains in cryptocurrencies in order to curb speculation. Again, this risks legitimizing what should be strictly unrecognized private activity. People trading cryptocurrencies with each other in a private market should be treated the same as people trading face masks with each other – at their own risk and outside the realm of government support or intervention.

It is said that there are 15 million investors trading billions of dollars in cryptocurrencies in India. There is no sanctity in these numbers. This is simply an estimate provided by one of the many private crypto companies. Either way, it is clear that the only reason people choose to invest or speculate in cryptocurrencies today is in the hope that their price will increase in the future. And the hope of an increase in the prices of cryptos depends on the ultimate hope that they will be recognized as a valid medium of exchange, which will increase the demand for cryptocurrencies. Once it is well established that cryptos will never be legal tender in India, then business activity in these is expected to decrease significantly over time.

Communicating clearly and loudly to everyone that cryptocurrencies will not be recognized as currency or as a medium of exchange in India may be the best option to curb the cryptocurrency frenzy. While this is not a medium of exchange, it is not clear that cryptocurrencies have any value. This realization will quickly be felt among investors looking for easy money and eventually lead to a correction. Anything else such as putting in place a regulator or taxing earnings can be counterproductive and a dime a dozen. Sure, some investors can lose money, but that’s the risk of greed for a quick buck.

There is a lot of talk about a bill presented in the next session of Parliament to ban, regulate or tax cryptocurrencies. Since there is no draft bill in the public domain, speculation about the content of the bill is as frantic as the trading of crypto exchanges. A more serene analysis will reveal that the best action is not to overreact but to simply declare that India will never recognize cryptocurrencies.

Praveen Chakravarty is a political economist and chairman of Congressional Data Analytics

Opinions expressed are personal

Source link

Six unsung heroes who helped the Green Bay Packers stay afloat Sun, 28 Nov 2021 14:18:01 +0000

You know Aaron Rodgers ranks among the best quarterbacks in the NFL.

You know the weekly exploits of Davante Adams and the dominance of nose tackle Kenny Clark.

But in a season where the Green Bay Packers have been ravaged by injury, they have seen a slew of unsung heroes stepping forward and helping their stars establish an 8-3 record. In the spirit of Thanksgiving weekend, here are six players who exceeded expectations and for whom the Packers should be extremely grateful.

1. De’Vondre Campbell, ILB

By now, most of the Packer Nation know Campbell’s story. His story, however, is not as well known throughout the league.

Campbell, a six-year veteran, was a street free agent when the Packers signed him on June 9. Campbell had made 71 career starts with Atlanta and Arizona and was a respectable player in both cities. In Green Bay, however, he became a star.

Campbell leads the Packers with 95 tackles, which ranks him seventh in the league. He has played 98.0% of the snaps and has two interceptions, four defended passes, two forced fumbles, one sack and four tackles for a loss.

Oh yeah, and he’s the league’s highest rated inside linebacker according to Pro Football Focus.

“How the hell was that guy on the street?” Packers quarterback Aaron Rodgers asked earlier this season. “It’s a great pickup from our staff. He can run, he’s a great tackler, he’s around the ball all the time, he’s a great locker room guy. I mean, it’s confusing to me.

“We are so grateful to have him because I think as he continues to play his leadership opportunities will continue to grow. The guys listen to her. He’s running the defense as much as he feels comfortable and he’s a guy we’re really lucky to have.

2. Jon Runyan Jr., LG

Runyan failed to land a starting job this summer, but when injuries ravaged the offensive line he entered the roster in week two. Runyan has started the last 10 games, allowed just two sacks and is the Packers’ highest rated indoor starter according to Pro Football Focus.

Runyan, a left tackle in college, isn’t always pretty. But he’s a fighter who has played 643 snaps and continues to improve.

“He’s just playing hard. He’s playing hard, he’s using his fundamentals, ”Packers offensive line coach Adam Stenavich said. “He’s not perfect, but he gets better with it. If he keeps driving, he’s gonna do some good things around here.

3. Randall Cobb, WR

Packers general manager Brian Gutekunst traded to Cobb at the end of July for one and only one reason: quarterback Aaron Rodgers asked him to.

In a bid to appease Rodgers and ensure the future Hall of Fame quarterback returns to Green Bay, Gutekunst struck a deal for Cobb.

While many eyes have been raised across the league, Cobb currently ranks third on the team in receptions (24) and targets (34). Cobb’s four touchdown receptions are tied for second on the team. And his two TD game in Arizona in Week 8 helped the Packers defeat the Cardinals 24-21 on a night they missed their first three wide receivers.

“It’s just crazy. I’m so grateful to be here, to be a part of this team, ”said Cobb. “It’s a special group of guys. I am so grateful, grateful for this opportunity. I am thankful for wearing the G and representing Packer Nation.

4. Dean Lowry, DE

Typically, a player in his sixth year who has $ 3.8 million against the cap would not be considered an unsung hero.

But Lowry is tied for second on the team and has already tied his career high with 3.0 sacks. He’s also tied for seventh in tackles (31), has two defensive passes, two tackles for a loss and a fumble recovered.

The Packers considered releasing Lowry last offseason. Now he has responded with the best season of his career.

“He’s in a good position,” Packers defensive line coach Jerry Montgomery said of Lowry. “He believes in it. His confidence returned. He plays physical. When you’re a guy this size and want to go ahead and walk through people, he’s got the right frame of mind. I’m happy with where he’s at mentally, and that helps.

5. Rashan Gary, OLB

Gary entered the season as Green Bay’s third outside linebacker. Today, he leads the team in sacks (5.5), at 14 years olde in the league with 25 pushes and forced a fumble.

Pro Bowler Za’Darius Smith hasn’t played since Week 1, but the Packers haven’t missed a beat with Gary. Gary suffered an elbow dislocation two weeks ago and could be limited the rest of the year, but he’s already been a major reason the Packers’ defense has improved significantly in 2021.

“You know, I think, you know one thing that always stands out with Rashan is his effort,” Packers outside linebacker coach Mike Smith said. “You know, he’s everywhere. He’s violent, he’s physical.

6. Eric Stokes, DC

Green Bay’s first-round draft pick was supposed to be the No.3 cornerback this season. Instead, Stokes played more snaps (562) than any of Green Bay’s corners due to injuries to Jaire Alexander and Kevin King.

Stokes has been hassled at times, such as in week 11 when Justin Jefferson of Minnesota got the better of him. Overall, however, Stokes held up well and his blazing speed (4.29) helped him make up for his mistakes.

“I think he did a great job,” said Packers defensive back coach Jerry Gray. “When you see the kids aren’t shaking, I really attribute that to training camp when he was up against (Davante) Adams and Aaron Rodgers and he wasn’t shaken.

“When you face the best combo in the league… and then in playing time, it’s a little different. You are not so shaken up. I think he did a great job.