Social Dealings – Grover Chamber http://groverchamber.com/ Thu, 10 Jun 2021 19:40:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://groverchamber.com/wp-content/uploads/2021/05/default.png Social Dealings – Grover Chamber http://groverchamber.com/ 32 32 Transactions with directors: JTC CFO reduces stake https://groverchamber.com/transactions-with-directors-jtc-cfo-reduces-stake/ https://groverchamber.com/transactions-with-directors-jtc-cfo-reduces-stake/#respond Thu, 10 Jun 2021 15:28:57 +0000 https://groverchamber.com/transactions-with-directors-jtc-cfo-reduces-stake/ JTC revealed Thursday that CFO Martin Fotheringham had acquired 723,869 common shares of the FTSE 250-listed fund manager. Fotheringham, who joined JTC in 2015, bought the shares on Wednesday at an average price of 620.0p each, for a total value of £ 4.48million. In April, JTC raised £ 65.9million to reduce debt and give it […]]]>


JTC revealed Thursday that CFO Martin Fotheringham had acquired 723,869 common shares of the FTSE 250-listed fund manager.

Fotheringham, who joined JTC in 2015, bought the shares on Wednesday at an average price of 620.0p each, for a total value of £ 4.48million.

In April, JTC raised £ 65.9million to reduce debt and give it the opportunity to finance more than 25 potential acquisitions.

JTC placed 10.6 million shares with investors at a price of 620p per share, a 1.7% discount from the April 29 closing price.

In 1625 BST, JTC shares were up 1.43% to 639.0p.

Purchases of the best directors

Standard Life UK Smaller Companies Trust (SLS)
Director’s Name: Henderson, Alexa
Amount purchased: 1,449 @ 686.63p
Value: £ 9,949.21

Marshalls (MSLH)
Director’s name: Darzins, Avis
Amount purchased: 1,425 to 694.00 p
Value: £ 9,889.50

Diageo (DGE)
Director’s name: Ferrón, Javier
Amount purchased: 239 @ 3,455.00 p
Denomination: £ 8,257.45

Scientific Judges (JDG)
Director’s Name: Ormsby, Bradley Leonard
Amount purchased: 6 @ 6,200.00p
Value: £ 372.00

Cmc Markets (CMCX)
Director’s Name: Fineberg, David
Amount purchased: 58 @ 509.00p
Value: £ 295.22

Cmc Markets (CMCX)
Director’s Name: Marshall, Euan
Amount purchased: 58 @ 509.00p
Value: £ 295.22

Scientific Judges (JDG)
Director’s name: Cicurel, David
Amount purchased: 4 @ 6,200.00p
Value: £ 248.00

Scientific Judges (JDG)
Director’s Name: Lavelle, Mark
Amount purchased: 4 @ 6,200.00p
Value: £ 248.00

Prudential (PRU)
Director’s Name: FitzPatrick, Mark
Amount purchased: 14 @ 1,479.00p
Value: £ 207.06

Prudential (PRU)
Director’s Name: Wells, Mike
Amount purchased: 12 @ 1,479.00p
Value: £ 177.48

Mj Hudson Group Npv (MJH)
Director’s Name: Connell, Peter
Amount purchased: 300 @ 50.00p
Value: £ 150.00

Qinetiq Group (QQ.)
Director’s Name: Smith, David
Amount purchased: 43 @ 348.00p
Value: £ 149.64

Qinetiq Group (QQ.)
Director’s Name: Wadey, Steve
Amount purchased: 43 @ 348.00p
Value: £ 149.64

Jpmorgan Claverhouse Inv Trust (JCH)
Director’s Name: Sutch, Andrew L
Amount purchased: 45 @ 7.55p
Value: £ 3.40

Jpmorgan Claverhouse Inv Trust (JCH)
Director’s Name: Sutch, Andrew L
Amount purchased: 32 @ 7.55p
Value: £ 2.42

Best manager sells

JTC (JTC)
Director’s Name: Fotheringham, Martin
Amount sold: 723 869 @ 620.00p
Denomination: £ 4,487,987.66

Hongkong Land Holding Ltd. (sing.reg) (HKLD)
Director’s Name: Dixon, Simon
Amount sold: 251,500 to $ 4.94
$ 1,242,410.01 value

Hongkong Land Holding Ltd. (sing.reg) (HKLD)
Director’s Name: Dixon, Simon
Amount sold: 48,500 to $ 4.91
$ 238,134.99 value



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US Treasury imposes sanctions on Nicaraguan President’s daughter, 3 more https://groverchamber.com/us-treasury-imposes-sanctions-on-nicaraguan-presidents-daughter-3-more/ https://groverchamber.com/us-treasury-imposes-sanctions-on-nicaraguan-presidents-daughter-3-more/#respond Wed, 09 Jun 2021 21:33:00 +0000 https://groverchamber.com/us-treasury-imposes-sanctions-on-nicaraguan-presidents-daughter-3-more/ ANI | Update: June 10, 2021 3:03 AM STI Washington [US]June 10 (ANI / Sputnik): The United States has imposed sanctions on four Nicaraguan nationals, including the daughter of President Daniel Ortega, the US Treasury Department said on Wednesday.Camila Antonia Ortega Murillo, one of the president’s nine children and coordinator of the Commission for the […]]]>




ANI |
Update:
June 10, 2021 3:03 AM STI

Washington [US]June 10 (ANI / Sputnik): The United States has imposed sanctions on four Nicaraguan nationals, including the daughter of President Daniel Ortega, the US Treasury Department said on Wednesday.
Camila Antonia Ortega Murillo, one of the president’s nine children and coordinator of the Commission for the Creative Economy, has been added to the list of specially appointed nationals maintained by the Treasury’s Office of Foreign Assets Control (OFAC).
The other three people sanctioned are Leonardo Ovidio Reyes Ramirez, president of the Central Bank of Nicaragua; Edwin Ramon Castro Rivera, Member of the National Assembly of Nicaragua; and Julio Modesto Rodriguez Balladares, Brigadier General of the Nicaraguan Army and Executive Director of the Military Institute for Social Welfare.

“President Ortega’s actions are harming Nicaraguans and plunging the country deeper into tyranny. It is clear that the Ortega regime intends to continue its repression against the Nicaraguan people. The United States will continue to expose officials who continue to ignore the will of its citizens. OFAC director Andrea Gacki said in a statement.
OFAC explained that Camila Ortega has been nominated to be a government official – a key adviser to President Ortega and Vice President Rosario Murillo, his parents, the coordinator of the Creative Economy Commission and the head of the Canal 13 television channel.
The Treasury Department’s action enforces the freezing of all US-based assets of the sanctioned individuals and prohibits all US citizens from any relationship with them. (ANI / Sputnik)



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U.S. Senate Passes Radical Bill to Address China’s Tech Threat https://groverchamber.com/u-s-senate-passes-radical-bill-to-address-chinas-tech-threat/ https://groverchamber.com/u-s-senate-passes-radical-bill-to-address-chinas-tech-threat/#respond Wed, 09 Jun 2021 01:42:00 +0000 https://groverchamber.com/u-s-senate-passes-radical-bill-to-address-chinas-tech-threat/ The US Senate voted on Tuesday 68-32 to approve a broad set of laws aimed at boosting the country’s ability to compete with Chinese technology. The desire for a hard line in relations with China is one of the few bipartisan sentiments within the deeply divided US Congress, which is tightly controlled by the Democratic […]]]>


The US Senate voted on Tuesday 68-32 to approve a broad set of laws aimed at boosting the country’s ability to compete with Chinese technology.

The desire for a hard line in relations with China is one of the few bipartisan sentiments within the deeply divided US Congress, which is tightly controlled by the Democratic colleagues of President Joe Biden.

The measure authorizes around $ 190 billion for provisions to bolster U.S. technology and research – and would separately approve spending of $ 54 billion to increase U.S. production and research in semiconductors and telecommunications equipment, including $ 2 billion dedicated to chips used by car manufacturers who have experienced massive shortages and made significant production cuts.

The bill must be passed by the House of Representatives to be sent to the White House for Biden to be signed. We do not know what the bill will look like in the House or when it could pass it.

The bill contains a number of other China-related provisions, including a ban on downloading the TikTok social media app on government devices and would block the purchase of drones made and sold by companies backed by the Chinese government. It would also allow Taiwanese diplomats and military personnel to display their flag and wear their uniforms in the United States on official business.

It would also create new general mandatory sanctions against Chinese entities involved in U.S. cyber attacks or theft of U.S. intellectual property from U.S. companies, and include a review of export controls for items that could be used to support U.S. human rights violations.

Senate Majority Leader Chuck Schumer, co-sponsor of the measure, warned of the dire consequences of not funding research to keep pace with China.

“If we don’t do something, our days as a dominant superpower might come to an end. We don’t want to let those days end under our watch. We don’t want to see America become a middle-class nation in this century,” Schumer said.

Biden praised the bill: “We are in a competition to win the 21st century, and the kick-off has sounded… We cannot risk falling behind.”

US Secretary of Commerce Gina Raimondo said the funding could lead to the establishment of seven to ten new semiconductor factories in the United States.

Many American companies have welcomed the bill. General Motors Co (GM.N) said the legislation “represents an important step in addressing the semiconductor shortage that continues to impact US auto manufacturing.”

Some critics have likened the Senate funding effort to China’s high-tech industrial development surge, dubbed “Made in China 2025,” which has long angered the United States.

The bill also seeks to counter Beijing’s growing global influence through diplomacy, working with allies, and increasing U.S. involvement in international organizations after the “America First” program. former Republican President Donald Trump.

Senator Maria Cantwell noted that the bill would allow spending by NASA and its Artemis mission to the moon.

“As China has made clear, they are going to Mars, we are going back to the Moon to prepare to go to Mars,” Cantwell said.

Our Standards: Thomson Reuters Trust Principles.



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Ipswich’s Stop Press newsagents to have their license revised https://groverchamber.com/ipswichs-stop-press-newsagents-to-have-their-license-revised/ https://groverchamber.com/ipswichs-stop-press-newsagents-to-have-their-license-revised/#respond Tue, 08 Jun 2021 06:00:00 +0000 https://groverchamber.com/ipswichs-stop-press-newsagents-to-have-their-license-revised/ Fears over anti-social behavior caused by selling super strong alcohol to drunks have prompted police to seek a review of an Ipswich newsagent’s license. However, Stop Press Newsagents and Grocery Store claimed that the police did not cooperate in their dealings with the store and that the staff tried to follow their advice. The Suffolk […]]]>


Fears over anti-social behavior caused by selling super strong alcohol to drunks have prompted police to seek a review of an Ipswich newsagent’s license.

However, Stop Press Newsagents and Grocery Store claimed that the police did not cooperate in their dealings with the store and that the staff tried to follow their advice.

The Suffolk Police Licensing Team said it had applied for the Upper Brook Street store’s license review “following recent events and the ongoing sale of alcohol to drunk people “.

Officers also claimed there was “other suspected criminal activity on the premises” and said their attention was first drawn to the store because it “allegedly sold super strong alcohol to drinkers on a regular basis. of street”.

However, owner Ali Reza Zarei said he believes Stop Press is being unfairly harassed by police as other stores sell similar products.

Police said the sale of ultra-strong alcohol “caused serious problems of prolonged anti-social behavior in the area.”

However, Mr Zarei said it was unfair to blame issues of anti-social behavior in the region exclusively on Stop Press.

The store is currently licensed to sell alcohol between 9 a.m. and 10 p.m. Monday through Saturday and between 10 a.m. and 8 p.m. on Sunday.

Mr Zarei said he was happy to work with the police to resolve the issues – but said: “I just want them to be fair.”

Ahead of a meeting of the Ipswich Borough Council Licensing and Regulatory Subcommittee on Monday, June 14, police documented a series of incidents in which they said they removed super strong alcohol from drinkers of street.

On one occasion, on September 28 last year, police said they took cans of hard liquor from street drinkers – only to “then see the same street drinkers walk into Stop Press and buy more. ultra-strong alcohol ”.

They also listed two occasions in 2020 where they say under-18s were sold alcohol and claim Stop Press failed to meet its license’s CCTV requirements.

“Super strong alcohol sales cause a large amount of BSA to be felt in the region, such as law and order, nuisance, drunkenness, begging, violence and breaches of Covid regulations,” said the police report to the Licensing and Regulatory Subcommittee. .

The report accused “irresponsible management” of “failing to protect the public and local residents from crime and anti-social behavior” – and said neighboring businesses “suffer a disproportionate and unreasonable amount of anti-social behavior”.

Public Health Suffolk also said it had “serious concerns about the continuation of the alcohol sale element of this license and would therefore support Suffolk Police’s request to consider revocation of the license to exploitation “.



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China blocks multiple cryptocurrency-related social media accounts amid crackdown https://groverchamber.com/china-blocks-multiple-cryptocurrency-related-social-media-accounts-amid-crackdown/ https://groverchamber.com/china-blocks-multiple-cryptocurrency-related-social-media-accounts-amid-crackdown/#respond Mon, 07 Jun 2021 04:27:00 +0000 https://groverchamber.com/china-blocks-multiple-cryptocurrency-related-social-media-accounts-amid-crackdown/ Representations of the Bitcoin cryptocurrency can be seen in front of an image of Chinese flags in this illustrative photo taken on June 2, 2021. REUTERS / Florence Lo / Illustration A large number of crypto-related accounts on China’s Twitter-like platform Weibo were blocked over the weekend, as Beijing stepped up its crackdown on bitcoin […]]]>


Representations of the Bitcoin cryptocurrency can be seen in front of an image of Chinese flags in this illustrative photo taken on June 2, 2021. REUTERS / Florence Lo / Illustration

A large number of crypto-related accounts on China’s Twitter-like platform Weibo were blocked over the weekend, as Beijing stepped up its crackdown on bitcoin trading and mining.

Further action is expected, including linking illegal crypto activity in China more directly to the country’s criminal law, according to analysts and a financial regulator.

Last month, the Chinese State Council, or cabinet, pledged to crack down on bitcoin mining and trading, stepping up a campaign against cryptocurrencies days after three industry bodies banned the services. financial and payment related to crypto.

Over the weekend, access to several of the widely followed crypto-related Weibo accounts was denied, with a message saying each account “violates the laws and rules.”

“It’s a judgment day for KOL crypto,” wrote a Weibo bitcoin commentator, or key opinion leader (KOL), who calls herself “Woman Dr. bitcoin mini.” His main account was also blocked on Saturday.

“The government is making it clear that no Chinese version of Elon Musk can exist in the Chinese crypto market,” said Winston Ma, assistant professor at NYU Law School, referring to Tesla founder and crypto enthusiast. change.

Ma, author of the book “The Digital War,” also expects the Supreme Court of China to issue a judicial interpretation soon that could link crypto mining and trading companies with the body of Chinese criminal law.

The view was echoed by a financial regulator, who said such an interpretation would resolve the legal ambiguity that has failed to clearly identify bitcoin trading firms as “illegal operations”. So far, all the rules against cryptocurrencies in China have been published by administrative bodies.

The Weibo freeze comes as Chinese media has stepped up reporting on crypto trading.

The state-run Xinhua News Agency published articles exposing a series of crypto-related scams. State broadcaster CCTV said cryptocurrency is a lightly regulated asset, often used in black market commerce, money laundering, arms smuggling, gambling and drug trafficking. .

The intensifying crackdown also comes as China’s central bank ramps up testing of its own digital currency.

Our Standards: Thomson Reuters Trust Principles.



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Elizabeth Milias: Historical Hysteria and the End of an Era https://groverchamber.com/elizabeth-milias-historical-hysteria-and-the-end-of-an-era/ https://groverchamber.com/elizabeth-milias-historical-hysteria-and-the-end-of-an-era/#respond Sun, 06 Jun 2021 04:30:00 +0000 https://groverchamber.com/elizabeth-milias-historical-hysteria-and-the-end-of-an-era/ As The Red Ant marks 13 years of covering up shenanigans, subsidies, scandals, secrecy and scofflaws in the political realm of Aspen, the 312 W. Hyman saga comes to a quiet end. The earliest subject in my coverage of the dictatorial and historic city of Aspen hysteria and blatant tax mismanagement features a modest 1,536 […]]]>



As The Red Ant marks 13 years of covering up shenanigans, subsidies, scandals, secrecy and scofflaws in the political realm of Aspen, the 312 W. Hyman saga comes to a quiet end. The earliest subject in my coverage of the dictatorial and historic city of Aspen hysteria and blatant tax mismanagement features a modest 1,536 square foot prefabricated chalet-style “kit” home built on land. of 6,000 square feet in the West End.

From 1954 to 1956, Herman Birlauf and his daughter Geneviève worked to assemble the house in kit form on land purchased for $ 500. It was then sold to Jordie Gerberg, a longtime resident, who lived in the house for over 20 years. Following a city-wide effort in 2000 to formally identify historic structures, Gerberg’s house was deemed to be of no historical significance and officially written off. At the time, he obtained a demolition permit, but chose not to scrape the property, but instead to perform updates by removing some of the fake junk and other exterior decorations.

In 2006, when Gerberg was planning to sell the property, the bureaucratic excesses and rumors of the prefabricated house’s imminent demise were renewed. Enter Amy Simon, now city planning director but at the time responsible for the historic preservation of the city. Home-obsessed Simon and HPC quickly worked to historically designate the property despite the owner’s objection and despite its unqualified assessment by the National Registry and its own “final” decision dating back to 2000. When this effort failed to Accurately in a 3-2 decision, Simon, fearless in his quest to forever protect the “novelty building of the modern movement” from the wrecking ball and to satisfy his personal agenda, surrendered to a sympathetic city council made up of Historical fanatics of the day and managed to convince the city to buy the house with the housing development money, designate it as historic and build additional housing on the spot.



Following the town’s damaging interference with Gerberg’s real estate deal that killed him, and the subsequent decision to buy the house from him, the town’s plans to develop several subsidized housing units on the lot quickly came to be. been thwarted by its own land use code. No one in town had bothered to reconcile Simon’s plans with what was actually possible. Since 2007, the house has been a non-productive rental property. Rented initially to Gerberg and then to a series of qualified tenants by APCHA, the chalet also sat vacant for years, but currently houses the Deputy Managing Director.

This landmark fraud was perpetrated against the public of Aspen to the tune of $ 3.5 million in 2007 when city council determined that Birlauf’s kit home “sort of represented a trend that made a significant contribution to the community. ‘local history’ and that ‘its physical design embodies the distinctive character of a type, period or method of construction, or represents the technical or aesthetic achievements of a designer, craftsman or ‘a recognized design philosophy, considered important’, while he has done absolutely nothing like this Not even close. The Birlaufs, no doubt good people and good neighbors, were only witnesses to the start of the ski industry in Aspen and never been a part of it. And when it comes to its distinctive design and construction, 312 W. Hyman is just a pre-made kit from the 1950s, which can still be purchased today and assembled with basic tools. A quick Google search for “kit cottage homes” yields many identical models, including the Deercroft from Modular Homeowners, Timberlake from Apex Homes, and even one on Ebay for $ 45,000. The house is not and has never been historic.



Last week, the city closed the sale of 312 W. Hyman for $ 3.96 million. When city council approved the sale, it was noted that the “profit” of nearly half a million dollars would be added to the housing fund. This is really how these people think. The reality is that, considering both rental income and expenses, the property has brought the city a return on investment of 14%, which is only 1.1% per year, at a time when the The average annual increase in the selling price of homes in Aspen, Great Recession, was 5.3%. In other words, according to Zillow’s figures, the cottage’s selling price should have been close to $ 6.8 million, a difference of almost 60%. And this is done directly to the detriment of the housing fund.

The city went too far and compromised itself by interfering in Gerberg’s private business dealings in 2006, and as a result tied up public money from the Housing Development Fund for nearly 15 years. As a sign of contrition, or even just to straighten out the financial situation, the city should have removed the punitive and fraudulent historic designation and demolished the house before unloading it. An empty 6,000 square foot lot at this location would easily have raised a small fortune to responsibly pay off the housing coffers. But instead, an LLC will assume the title and legend of, according to its dubious historical designation, “a fine example of the chalet style of architecture that exemplifies the social and architectural history of Aspen as it began to grow. develop as a ski resort “. also known as the inexpensive chalet style prefab kit home.

And so the story ends. Or does he do it?

Something isn’t historic just because you want it to be. The Red Ant encourages new owners to challenge the city’s fraudulent historic designation on their property. Contact TheRedAntEM@comcast.net



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Shame on Afghan security adviser for slandering Pakistan, says FM Qureshi https://groverchamber.com/shame-on-afghan-security-adviser-for-slandering-pakistan-says-fm-qureshi/ https://groverchamber.com/shame-on-afghan-security-adviser-for-slandering-pakistan-says-fm-qureshi/#respond Sat, 05 Jun 2021 14:18:00 +0000 https://groverchamber.com/shame-on-afghan-security-adviser-for-slandering-pakistan-says-fm-qureshi/ Foreign Minister Shah Mahmood Qureshi speaking to party workers in Multan, June 5, 2021. – YouTube Pakistan played an important role in the Afghan peace process: FM Afghan NSA creates obstacles on path to peace: FM World recognized Pakistan’s role in Afghan peace: FM MULTAN: Foreign Minister Shah Mahmood Qureshi said on Saturday that Afghan […]]]>


Foreign Minister Shah Mahmood Qureshi speaking to party workers in Multan, June 5, 2021. – YouTube
  • Pakistan played an important role in the Afghan peace process: FM
  • Afghan NSA creates obstacles on path to peace: FM
  • World recognized Pakistan’s role in Afghan peace: FM

MULTAN: Foreign Minister Shah Mahmood Qureshi said on Saturday that Afghan national security adviser Hamdullah Mohib should be ashamed of slandering Pakistan and advised him against using harsh language against Islamabad.

“Listen to me carefully,” he said, calling on the Afghan official, “Pakistan has played an important role in helping to achieve stability in Afghanistan”.

The foreign minister’s comments came during his address to party workers in Multan, where he spoke on several fronts, including the Afghan peace process and the progress of the Financial Action Task Force.

“Afghanistan’s National Security Advisor Should Reconsider His Statement [against Pakistan]; it creates obstacles on the road to peace “, declared the Minister of Foreign Affairs.

Qureshi said the world has recognized Pakistan’s role for peace in Afghanistan.

Progress of the FATF in Pakistan

The Foreign Minister said Pakistan was placed on the FATF graylist in 2018, and alleged that some politicians had made efforts to have the country’s name on the watchdog blacklist.

“At the last FATT meeting, it was noted that Pakistan had taken concrete steps to curb [money laundering]”said the foreign minister, adding that there was no longer any justification for keeping Pakistan on the gray list.

The foreign minister hoped the country would move towards the white list soon if the decision is based on merit.

What did the Afghan NSA say?

Last month, The news, citing a foreign publication, said senior officials informed him that Pakistan had informed Afghan leaders that it would no longer conduct official business with Mohib because of his recent “abusive rampage” against Islamabad.

In a public speech last month in the eastern province of Nangarhar, near the Pakistani border, Mohib not only repeated his allegations against Islamabad, but called Pakistan a “mess.”

His remarks outraged the leaders of Islamabad, who denounced them, claiming that they “degraded all standards of interstate communication”.

A senior Pakistani official with knowledge of the case told the media on condition of anonymity that Pakistan had lodged a strong protest with the Afghan side and expressed “deep resentment” in the country over Mohib’s “unworthy” remarks. .

In a video clip of the speech posted on social media, Saleh claimed that a “Western leader” recently telephoned Ghani and told him that Pakistan did not want to work with a “Pashtun leader in Afghanistan”. The vice president did not identify the foreign leader or name Mohib, but the Afghan national security adviser is an ethnic Pashtun.

Mohib, at a press conference last month in Kabul, was asked to respond to reports that Islamabad had ended official relations with him.

“My team has seen media reports attributed to anonymous individuals. So far, the Afghan government has not been officially informed of the matter, ”the adviser said.

“The Afghan government will respond to them through the appropriate diplomatic channels whenever information is officially released to it,” Mohib added.

Pakistan responds to “baseless allegations”

On May 17, the Pakistani Foreign Ministry (FO) expressed serious concerns about “irresponsible statements and baseless allegations” that Afghan leaders have made against Pakistan.

Foreign Ministry spokesman Zahid Hafeez Chaudhri said in a statement that Pakistan had expressed serious concerns to the Afghan side by making a firm demarche with the Afghan ambassador in Islamabad.

Pakistan stressed that the baseless accusations erode trust and vitiate the environment between the two brotherly countries and ignore the constructive role played by Pakistan in facilitating the Afghan peace process, the statement said.

The Afghan side was urged to make effective use of available forums, such as the Afghanistan-Pakistan Peace and Solidarity Action Plan (APAPPS), to address all bilateral issues.

Ghani says Pakistan supports Afghan Taliban

The statement came two days after Afghan President Ashraf Ghani, in an interview with the German publication Der Spiegel, said Pakistan was supporting the Afghan Taliban through an “organized system” including logistics, financial aid and recruiting facilities.

“The names of the various Taliban decision-making bodies are Quetta Shura, Miramshah Shura and Peshawar Shura – named after the Pakistani cities where they are located. There is a deep relationship with the state, ”Ghani added.

When asked if he still believes in the Afghan peace process, Ghani said, “Peace will first and foremost be decided at the regional level, and I think we are at a crucial time to rethink. It is above all a question of involving Pakistan. The United States now plays only a minor role. The issue of peace or hostility is now in the hands of the Pakistanis.

Ghani also said that the Army Chief of Staff, General Qamar Javed Bajwa, “clearly assured Afghanistan that the restoration of the emirate or dictatorship by the Taliban is not in the making. ‘nobody’s interest in the region, especially Pakistan’.

“However, some of the lower levels of the military still hold the opposite view in some cases. It is above all a matter of political will,” he said.



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Will the White House’s new push to limit Chinese surveillance technology have an impact on TikTok? https://groverchamber.com/will-the-white-houses-new-push-to-limit-chinese-surveillance-technology-have-an-impact-on-tiktok/ https://groverchamber.com/will-the-white-houses-new-push-to-limit-chinese-surveillance-technology-have-an-impact-on-tiktok/#respond Fri, 04 Jun 2021 20:33:14 +0000 https://groverchamber.com/will-the-white-houses-new-push-to-limit-chinese-surveillance-technology-have-an-impact-on-tiktok/ Could TikTok again face close scrutiny by the US government and face another potential ban in the region? As you will recall, last July US President Donald Trump called for the app to be banned, due to concerns about the potential use of TikTok data for surveillance purposes, due to an implicit link with the […]]]>


Could TikTok again face close scrutiny by the US government and face another potential ban in the region?

As you will recall, last July US President Donald Trump called for the app to be banned, due to concerns about the potential use of TikTok data for surveillance purposes, due to an implicit link with the Chinese government, and in part, Trump said, in retaliation against China for the spread of COVID-19.

Efforts to ban TikTok were repeatedly blocked by court challenges, before finally being abandoned by the new US administration – noting that it would seek to reassess the app and its data collection potential. , at one point.

Today the US government announced an expansion of the Trump administration decision forbid youS investments in Chinese companies, based on “the tthreat posed by the military-industrial complex of the People’s Republic of China (PRC) “.

According to the White House:

“President Biden [has] expanded the scope of this national emergency by finding that the use of Chinese surveillance technology outside the PRC, as well as the development or use of Chinese surveillance technology to facilitate repression or serious human rights violations , constitute unusual and extraordinary threats.

This will see the US government restricting US investment and transactions with 59 China-based entities, including Huawei, China Telecom Corporation, Greatwall, etc.

To be clear, neither TikTok nor the parent company ByteDance are included in the list of impacted entities. But the expanded move to restrict transactions with Chinese companies, based on potential surveillance activity, may indicate further scrutiny – especially as TikTok recently added a new provision in its privacy policy that will allow him to collect user ‘biometric identifiers and biometric information’, including ‘face and voice prints’, through the app.

This could raise further concerns about the platform – the main sticking point being that under China’s cybersecurity law, any Chinese company is technically obligated to provide all user information to the CCP, upon request. , if such a request is submitted. We have no idea, of course, whether such a request has ever been or ever will be submitted to TikTok or ByteDance, but the company has repeatedly reassured users that their data is safe and that users’ information is safe. of TikTok are stored outside of China. and not accessible by the CCP.

But concern remains, and with TikTok seemingly pulling together more user information, and the US government examining similar items, it looks like the two could be headed for another showdown.

But then again, “biometric identifiers and biometric information” are also collected by other social applications. YouTube, apparently, collects similar data, and Facebook has faced legal issues in the past regarding its collection of biometric data. So while that sounds bad, especially given the potential tie-in to TikTok’s CCP, it might not be as big an update as it looks, right off the bat.

But that will likely be enough to attract a few members of Congress again, and if tensions continue to escalate between China and the United States, China is likely to respond to the latter one way or another. series of restrictions, which could once again put TikTok in the spotlight.

Which could spark further discussions about a possible ban or sale, with Oracle and Microsoft possibly re-presenting their offerings.

It’s still too early to predict where such actions might lead, but it’s worth monitoring the situation and the potential impacts for the world’s fastest growing social app.



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Banning investment managers who avoid fossil fuels is a bad idea https://groverchamber.com/banning-investment-managers-who-avoid-fossil-fuels-is-a-bad-idea/ https://groverchamber.com/banning-investment-managers-who-avoid-fossil-fuels-is-a-bad-idea/#respond Fri, 04 Jun 2021 08:01:30 +0000 https://groverchamber.com/banning-investment-managers-who-avoid-fossil-fuels-is-a-bad-idea/ Texas, like a number of resource-rich, poorly regulated, free-market western states, is home to people willing to fight in the marketplace, but obeying a code of living and letting live that lets them live ready. to listen to anyone who expresses himself with the courage of his convictions. This attitude has helped turn states like […]]]>


Texas, like a number of resource-rich, poorly regulated, free-market western states, is home to people willing to fight in the marketplace, but obeying a code of living and letting live that lets them live ready. to listen to anyone who expresses himself with the courage of his convictions. This attitude has helped turn states like Texas into economic powerhouses in an increasingly global economy.

You wouldn’t expect Texans to threaten people with economic ruin for having beliefs that some think are “wrong.” But Texas has just joined a growing group of states doing just that. And this disturbing trend is using first responders, firefighters, paramedics, teachers and state officials as unwitting bargaining chips in a political game.

The bill in question is SB 13, and the legislature’s weapon of choice is state pension money. Like similar legislation that has been proposed or enacted in a series of oil-rich states, the bill targets private investment management firms that focus on sustainable investing, a practice that has aroused the ire of the government. oil and gas lobby.

State pension plans often contract with these private investment management companies to provide retirement benefits to state and local employees. And SB 13 will prevent state pensions from having relationships with companies that refuse to invest in fossil fuels.

Putting politics before the interests of retirees

This recent politicization of the state’s pension investment strategy is a serious mistake. At a time when public pensions across the country are underfunded – Texas itself has a $ 14.7 billion deficit – investment decisions for those who protect and serve must be guided by consideration, and only one: to maximize returns.

Banning investment managers boycotting oil forces retirement planners to put politics ahead of smart investing and could unlock huge investment opportunities. Of course, Big Oil is a big business today. But sometimes green investing is the smartest.

After all, some of the fastest growing, fastest growing and most profitable companies in the world like Tesla exist to compete with fossil fuels, which means that sustainability-focused portfolios often outperform traditional portfolios. And everyone knows that the current river of oil will not last forever. Forcing pension managers to prioritize fossil fuels is a short-term, if not speculative, game at best.

States must do better to deliver on the promises they have made to their millions of retired public servants and their families in return for their lives of service, all of whom depend on smart decision makers to protect their futures.

A violation of freedom of expression

But the state-sponsored boycotts of private companies because of the boycotts of those companies are more than bad public policy and mismanagement. They are also a violation of the core values ​​of the First Amendment. Everyone has the right to speak up and act according to their conscience without being silenced and punished by the government.

And punishing people for engaging in a boycott violates the First Amendment protection for free speech, because a boycott is more than a refusal to buy things. It’s a refusal to buy things for a reason. This reason is exactly what these bans do.

Oil-rich states want to punish investment firms that refuse to invest in fossil fuels, and thus silence their position on one of the most serious political, economic and social issues of the day. Courts routinely crack down on such efforts to silence political dissent, as they did with the Texas Legislature’s latest attempt to arm state power against private business boycotts: the ban “Anti-BDS” adopted in the last legislative session, which prevents the state from dealing with companies that refuse to invest in Israel.

The ban on investment firms that boycott oil could – and should – suffer the same fate. And the eventual futility of these bans only makes matters worse, revealing that they are little more than an empty political gesture to a powerful lobby – a move that will lead to a glut of costly litigation without real consequence. . What is more, these boycotts of boycotters offer protectionism to an industry that does not need protection. Oil and gas thrive in the United States

Over the past decade, the United States has become a net exporter of energy, largely thanks to oil and gas booms in states like Texas. The industry is doing well on its own. It doesn’t need protectionist legislation to back it up.

As a result, legislation like SB 13 has states stepping in where they don’t belong, tilting the market in unnecessary and unproductive ways, and sticking it to the market for ideas that the First Amendment exists to protect. For all these reasons, it must be rejected.

This column does not necessarily reflect the opinion of the Bureau of National Affairs, Inc. or its owners.

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J. Carl Cecere is the owner of Cecere PC, a law firm specializing in Supreme Court and appeals practice.



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Circular prohibiting invalid crypto: RBI https://groverchamber.com/circular-prohibiting-invalid-crypto-rbi/ https://groverchamber.com/circular-prohibiting-invalid-crypto-rbi/#respond Tue, 01 Jun 2021 00:20:00 +0000 https://groverchamber.com/circular-prohibiting-invalid-crypto-rbi/ CHENNAI: In a positive move for (virtual) cryptocurrency investors and related businesses, the RBI on Monday told banks to stop citing its April 2018 circular to deny services to those who trade cryptocurrencies because the same thing was overturned by the Supreme Court. The RBI has asked banks to continue to do due diligence on […]]]>


CHENNAI: In a positive move for (virtual) cryptocurrency investors and related businesses, the RBI on Monday told banks to stop citing its April 2018 circular to deny services to those who trade cryptocurrencies because the same thing was overturned by the Supreme Court. The RBI has asked banks to continue to do due diligence on its clients’ cryptocurrency-related transactions.
The latest RBI circular comes after private banks and payment gateway platforms suspended services to customers who dealt in cryptocurrencies such as bitcoin.
“It has been brought to our attention by media reports that some banks / regulated entities have warned their clients against virtual currency (VC) transactions by referring to the RBI circular dated April 6, 2018” , said the central bank. He added that the reference to the circular is not admissible because it was overturned by the Supreme Court.
Banks had continued to cite the circular following the government’s lack of clarity on the legal value of venture capital and had suspended banking services to clients who dealt in cryptocurrency trading. The RBI’s April 2018 circular prohibited regulated entities from trading in CVs or providing services to facilitate any person or entity in the processing or settlement of CVs. The RBI’s attention was drawn after letters from banks began circulating on social media.



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