#Foreign exchange risk

[pipinfuse]

From Analysis to Action: Combining Technical and Fundamental Approaches in Forex Trading

[nishantsingh63937]

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[farmerstrend]

The Macadamia Shell Controversy in Kenya

The Macadamia Shell Association of Kenya has raised concerns about the potential importation of raw macadamia nuts from other countries. The association argues that this move could negatively impact local industries that rely on macadamia shells as a fuel source. According to the association, macadamia shells are a crucial byproduct of the macadamia processing industry in Kenya. These shells are…

[tenth-sentence]

But in many cases the 'greed factor' obscured the risk.

"Westpac: The Bank That Broke the Bank" - Edna Carew

[whats-in-a-sentence]

PPL's 1984 annual report described the services it offered in offshore borrowing, arranging borrowings in a single currency or in a basket:

Borrowing uncovered in a single currency involves a considerable degree of risk. Borrowing in a basket of currencies tends to reduce the exchange risk while retaining some of the interest rate advantages of certain foreign currencies. Partnership Pacific's basket loans are structured to meet the individual requirements of borrowers, taking into account each borrower's attitude to foreign exchange risk and interest costs. Daily monitoring of the loans is also undertaken with borrowers being alerted to any significant beneficial or detrimental exchange rate/interest rate movements.

"Westpac: The Bank That Broke the Bank" - Edna Carew

[no-passaran]

Genocide experts warn that India is about to genocide the Shompen people

Who are the Shompen?

The Shompen are an indigenous culture that lives in the Great Nicobar Island, which is nowadays owned by India. The Shompen and their ancestors are believed to have been living in this island for around 10,000 years. Like other tribes in the nearby islands, the Shompen are isolated from the rest of the world, as they chose to be left alone, with the exception of a few members who occasionally take part in exchanges with foreigners and go on quarantine before returning to their tribe. There are between 100 and 400 Shompen people, who are hunter-gatherers and nomadic agricultors and rely on their island's rainforest for survival.

Why is there risk of genocide?

India has announced a huge construction mega-project that will completely change the Great Nicobar Island to turn it into "the Hong Kong of India".

Nowadays, the island has 8,500 inhabitants, and over 95% of its surface is made up of national parks, protected forests and tribal reserve areas. Much of the island is covered by the Great Nicobar Biosphere Reserve, described by UNESCO as covering “unique and threatened tropical evergreen forest ecosystems. It is home to very rich ecosystems, including 650 species of angiosperms, ferns, gymnosperms, and bryophytes, among others. In terms of fauna, there are over 1800 species, some of which are endemic to this area. It has one of the best-preserved tropical rain forests in the world.”

The Indian project aims to destroy this natural environment to create an international shipping terminal with the capacity to handle 14.2 million TEUs (unit of cargo capacity), an international airport that will handle a peak hour traffic of 4,000 passengers and that will be used as a joint civilian-military airport under the control of the Indian Navy, a gas and solar power plant, a military base, an industrial park, and townships aimed at bringing in tourism, including commercial, industrial and residential zones as well as other tourism-related activities.

This project means the destruction of the island's pristine rainforests, as it involves cutting down over 852,000 trees and endangers the local fauna such as leatherback turtles, saltwater crocodiles, Nicobar crab-eating macaque and migratory birds. The erosion resulting from deforestation will be huge in this highly-seismic area. Experts also warn about the effects that this project will have on local flora and fauna as a result of pollution from the terminal project, coastal surface runoff, ballasts from ships, physical collisions with ships, coastal construction, oil spills, etc.

The indigenous people are not only affected because their environment and food source will be destroyed. On top of this, the demographic change will be a catastrophe for them. After the creation of this project, the Great Nicobar Island -which now has 8,500 inhabitants- will receive a population of 650,000 settlers. Remember that the Shompen and Nicobarese people who live on this island are isolated, which means they do not have an immune system that can resist outsider illnesses. Academics believe they could die of disease if they come in contact with outsiders (think of the arrival of Europeans to the Americas after Christopher Columbus and the way that common European illnesses were lethal for indigenous Americans with no immunization against them).

And on top of all of this, the project might destroy the environment and the indigenous people just to turn out to be useless and sooner or later be abandoned. The naturalist Uday Mondal explains that “after all the destruction, the financial viability of the project remains questionable as all the construction material will have to be shipped to this remote island and it will have to compete with already well-established ports.” However, this project is important to India because they want to use the island as a military and commercial post to stop China's expansion in the region, since the Nicobar islands are located on one of the world's busiest sea routes.

Last year, 70 former government officials and ambassadors wrote to the Indian president saying the project would “virtually destroy the unique ecology of this island and the habitat of vulnerable tribal groups”. India's response has been to say that the indigenous tribes will be relocated "if needed", but that doesn't solve the problem. As a spokesperson for human rights group Survival International said: “The Shompen are nomadic and have clearly defined territories. Four of their semi-permanent settlements are set to be directly devastated by the project, along with their southern hunting and foraging territories. The Shompen will undoubtedly try to move away from the area destroyed, but there will be little space for them to go. To avoid a genocide, this deadly mega-project must be scrapped.”

On 7 February 2024, 39 scholars from 13 countries published an open letter to the Indian president warning that “If the project goes ahead, even in a limited form, we believe it will be a death sentence for the Shompen, tantamount to the international crime of genocide.”

How to help

The NGO Survival International has launched this campaign:

From this site, you just need to add your name and email and you will send an email to India's Tribal Affairs Minister and to the companies currently vying to build the first stage of the project.

Share it with your friends and acquittances and on social media.

Sources:

India’s plan for untouched Nicobar isles will be ‘death sentence’ for isolated tribe, 7 Feb 2024. The Guardian.

‘It will destroy them’: Indian mega-development could cause ‘genocide’ and ‘ecocide’, says charity, 8 Feb 2024. Geographical.

Genocide experts call on India's government to scrap the Great Nicobar mega-project, Feb 2024. Survival International.

The container terminal that could sink the Great Nicobar Island, 20 July 2022. Mongabay.

[Maps] Environmental path cleared for Great Nicobar mega project, 10 Oct 2022. Mongabay.

[souravsharma38393]

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[tradersuraj1]

Best options for Outsource Transaction Processing Services

When looking to outsource transaction processing services, it's important to consider providers with a good track record in handling similar tasks, the right technology to manage transactions efficiently and securely, and the ability to adapt as your business grows. It's also crucial to ensure they comply with industry regulations, offer cost-effective solutions, and can customize their services to fit your specific needs. Checking their reputation and client feedback can also help in making the best choice for outsourcing transaction processing services.

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[sayruq]

The Malawi government has finally spoken out on the arrest of Malawian farm workers in Israel, clarifying that 12 out of 40 individuals detained are from the country. According to Minister of Information Moses Kunkuyu, the 40 individuals, representing 13 nationalities, were arrested for leaving their designated work stations and seeking employment in town without proper authorization. Kunkuyu revealed that the group, including the 12 Malawians, had abandoned their farm work to seek jobs at a bakery in Bnei Brak, violating Israel’s labor laws and regulations.

Malawi and Israel signed a labor export deal in 2022, allowing Malawi to send unskilled laborers to Israel to work in various sectors, including agriculture and construction. The deal aimed to generate more foreign exchange revenue for Malawi and provide employment opportunities for its citizens. Under the deal, Malawian workers are expected to work in Israel for a maximum of 5 years, with a minimum salary of $1,500 per month. The deal also includes provisions for workers’ safety, health insurance, and protection from exploitation. However, the deal has faced criticism and controversy, with some opposition politicians and human rights organizations expressing concerns about the secrecy surrounding the deal and the potential risks to workers’ safety.

The arrest of the Malawian workers has raised concerns about the treatment of foreign workers in Israel and the effectiveness of the labor deal in protecting their rights. Human rights organizations have called on the Malawian government to take action to ensure the safe return of the detained workers and to review the labor deal to prevent similar incidents in the future. The incident has also sparked debate about the benefits and risks of labor export deals and the need for greater transparency and accountability in such agreements.

The mistreatment of foreign workers in Israel is well documented and would explain why the 45 workers escaped the farm to look for work elsewhere

[corphedgemb]

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[culmaer]

the official currency of Namibia has been the Namibian dollar since the 1993/'94, although the South African rand is still legal tender there too

for the people asking in the notes, no, "clusterfuck" is not a translation of their currency. it just means the situation is complicated. the official currency was the Zimbabwean dollar until the 2000s when the country went through economic crisis and hyper-inflation. the Zim dollar was abandoned and multiple international currencies became legal tender concurrently (US dollar, British pound, Euro, South African rand, Botswana pula) although in practice, they used mainly the US dollar

in 2019 (before the pandemic), Zimbabwe introduced the New Zimbabwean dollar as the official currency, however this did not work out for them and in mid-2020 they went back to accepting multiple foreign currencies (but again, in practice, they use the US dollar)

Meaning of the World’s Currencies

by u/Ben1152000

[batboyblog]

Things Biden and the Democrats did, this week #13

April 5-12 2024

President Biden announced the cancellation of a student loan debt for a further 277,000 Americans. This brings the number of a Americans who had their debt canceled by the Biden administration through different means since the Supreme Court struck down Biden's first place in 2023 to 4.3 million and a total of $153 billion of debt canceled so far. Most of these borrowers were a part of the President's SAVE Plan, a debt repayment program with 8 million enrollees, over 4 million of whom don't have to make monthly repayments and are still on the path to debt forgiveness.

President Biden announced a plan that would cancel student loan debt for 4 million borrowers and bring debt relief to 30 million Americans The plan takes steps like making automatic debt forgiveness through the public service forgiveness so qualified borrowers who don't know to apply will have their debts forgiven. The plan will wipe out the interest on the debt of 23 million Americans. President Biden touted how the plan will help black and Latino borrowers the most who carry the heavily debt burdens. The plan is expected to go into effect this fall ahead of the election.

President Biden and Vice-President Harris announced the closing of the so-called gun show loophole. For years people selling guns outside of traditional stores, such as at gun shows and in the 21st century over the internet have not been required to preform a background check to see if buyers are legally allowed to own a fire arm. Now all sellers of guns, even over the internet, are required to be licensed and preform a background check. This is the largest single expansion of the background check system since its creation.

The EPA published the first ever regulations on PFAS, known as forever chemicals, in drinking water. The new rules would reduce PFAS exposure for 100 million people according to the EPA. The Biden Administration announced along side the EPA regulations it would make available $1 billion dollars for state and local water treatment to help test for and filter out PFAS in line with the new rule. This marks the first time since 1996 that the EPA has passed a drinking water rule for new contaminants.

The Department of Commerce announced a deal with microchip giant TSMC to bring billions in investment and manufacturing to Arizona. The US makes only about 10% of the world's microchips and none of the most advanced chips. Under the CHIPS and Science Act the Biden Administration hopes to expand America's high-tech manufacturing so that 20% of advanced chips are made in America. TSMC makes about 90% of the world's advanced chips. The deal which sees a $6.6 billion dollar grant from the US government in exchange for $65 billion worth of investment by TSMC in 3 high tech manufacturing facilities in Arizona, the first of which will open next year. This represents the single largest foreign investment in Arizona's history and will bring thousands of new jobs to the state and boost America's microchip manufacturing.

The EPA finalized rules strengthening clean air standards around chemical plants. The new rule will lower the risk of cancer in communities near chemical plants by 96% and eliminate 6,200 tons of toxic air pollution each year. The rules target two dangerous cancer causing chemicals, ethylene oxide and chloroprene, the rule will reduce emissions of these chemicals by 80%.

the Department of the Interior announced it had beaten the Biden Administration goals when it comes to new clean energy projects. The Department has now permitted more than 25 gigawatts of clean energy projects on public lands, surpass the Administrations goal for 2025 already. These solar, wind, and hydro projects will power 12 million American homes with totally green power. Currently 10 gigawatts of clean energy are currently being generated on public lands, powering more than 5 million homes across the West. 

The Department of Transportation announced $830 million to support local communities in becoming more climate resilient. The money will go to 80 projects across 37 states, DC, and the US Virgin Islands The projects will help local Infrastructure better stand up to extreme weather causes by climate change.

The Senate confirmed Susan Bazis, Robert White, and Ann Marie McIff Allen to lifetime federal judgeships in Nebraska, Michigan, and Utah respectively. This brings the total number of judges appointed by President Biden to 193

[the-returnofartemis]

THE TENTH HOUSE: ANSWERING THE CALL TO WEALTH

the 10th house (10H) is arguably one of the most important houses in astrology, closely tied to your midheaven (MC), which represents your public image, reputation, and the way you are recognized in the world. it symbolizes your legacy, the energy others associate with you, and the role you naturally embody in society. however, understanding your career path goes beyond than just identifying the sign in your 10th house. to gain a deeper insight, you should also analyze its planetary ruler and the house it occupies, as these factors will give you a better idea about the careers that align with your natural strengths.

below is a guide shared by astrokit, along with some additional insights i’ve added, highlighting careers based on planetary placements in the 10th house, as well as the house placements of its planetary ruler, to help you align with your destined career path!

➶ ➴ if you follow vedic astrology, I recommend analyzing the 10H in the navamsha (D9) and dashamsha (D10) charts alongside the 10H in the rashi (D1) chart. combining insights from all three, along with the nakshatra ruler of the 10H will give a more well-rounded understanding of the career best suited for you.

CAREERS BY PLANETS IN THE 10H

sun: leadership, authority, government, politician, fame, boss, CEO

moon: women, hospitality, nursing, children, restaurants, commerce, mass media, public relations, travel

mercury: media, writer, communications, teacher, editor, author, transportation, craftsmanship, marketing

venus: arts, music, beauty, luxury, jeweler, entertainment, tourism, hotel management, design, graphics, fashion

mars: fitness, sports, entrepreneur, law enforcement, surgeon, doctor, engineer, military, sculptor, carpenter, cook

jupiter: law, teaching, travel, advertising, education, charity

saturn: organizations, metal industry, agriculture, service, labor, construction

north node (rahu): internet, entertainment, pharmaceuticals, research, engineer, innovation, electricity, sales, photography

south node (ketu): religion, spirituality, metaphysics, renunciation, research, charity, astrology, diviniation

uranus: science, electronics, internet, astrology, innovation, inventions, technology, crypto

pluto: research, insurance, surveillance, risk-management, death, investigator

neptune: photographer, movies, entertainment, drugs, poetry, music, liquids, alcohol

CAREERS BY THE 10H RULING PLANET THROUGH THE HOUSES

1H: self-employment, brand ambassador, entrepreneur

2H: banking, finance, investments, assets, consulting, teaching, writing, restaurants, speaking, vocals, dentistry, property, family legacy

3H: communication, marketing, social media, sales, writing, publishing, advertising, blogging, media, authorship, teaching (early education)

4H: asset management, real estate, vehicles, water, family, women, hospitality

5H: movies, films, glamour, stockbroker, education, authority, fame, children, romance, dating, hobbies

6H: health, service, law, labor, food, waiters, doctors, crime, justice, litigation

7H: law, business, commerce, exchange, consulting, public relations, marriage, therapist, designer, interior design, wedding industry, event planning, counselors

8H: insurance, social work, psychology, sex industry, occult, security, espionage, surveillance, taxes, death industry, divorce, research

9H: teaching (university), travel industry, hospitality, law, religion, foreign exchange, wedding industry, event planning

10H: leadership, government, politics, manager, CEO, presidency, public figure

11H: finance, networking, social media, acting, entertainment industry, parties/event planning

12H: charity, social work, hospitals, prisons, travel, foreign lands, mental health industry, artist, musician, import/export

if you’ve made it this far, i hope you enjoyed this little corner of my world. thank you for reading and please feel free to share your thoughts! always remember to love yourself as if it’s your greatest romance.

the pictures featured in this post are from pinterest.

until next time,

artemis x

[glitter-stained]

Incredible how dc pushes the "Jason died because he was reckless" narrative to try and absolve Bruce of blame because, victim-blaming aside, that's worse, right? You understand how that's worse?

No matter how you interpret it, in Jason's post-crisis run, Bruce is gonna be partially responsible for Jason's death, because he was the one to offer him Robin in the first place in exchange for a good foster home (Batman 1940 #408), and because he had fucked up with Jason to the point he felt the need to run to a whole other continent in search for family (Batman 1940, a death in the family). Like, that part of responsibility, that remains no matter how you spin it, because regardless of why specifically Jason went in the warehouse, that's why he was in Ethiopia with the Robin suit in the first place.

But this aside, in canon? Jason goes in the warehouse because Sheila betrays him and he does what any hero, and many children, would do in his place: he wants to help Sheila, he listens to her, he trusts his mother. The people directly responsible for Jason's death, in canon, are Joker, Sheila, and crowd of goons that helped Joker and Sheila take Jason down in the warehouse. It's clear as day who the villains are in there and it doesn't add any stain on Bruce's ledger.

But according to that victim-blaming narrative that Alfred and Bruce (and others later on) spin in-story, and that dc spins in meta? Jason died because he was reckless. So it's Jason's fault right? Yes and no. I need to write a more detailed meta about the two types of recklessness and how confusing the two accidentally led to Starling writing a compelling narrative with Jason, but basically the important question here is why was Jason reckless. And Starlin answers us, in text, in a death in the family: Jason has been behaving abnormally recklessly recently, because he's suffering. Bruce tells us, straight up, that he suspects Jason to be suicidal. This isn't the first time Starlin's Batman says Jason is suicidal: even in Batman (1940) #416, Batman explains Jason's "reckless" behaviour to Dick as a symptom of being mentally unwell, and very clearly implies Jason already struggles with suicidal thoughts (which I maintain is the reason why Dick changed his mind on Jason so quickly and gave him his number with a "you can reach out to me, don't let a lack of communication become your achille heel" talk at the end of #416.)

And Bruce's POV mind be often biased, but we see, ourselves, Jason jump in front of bullets in aditf and it's like... As much as I'm not convinced with Bruce's random explanation for Jason's struggles in aditf, I do agree that he is being suicidal (and considering the stories that come right before this one, I completely understand why he would be.) So that's why Jason is reckless in aditf. It's not why he died, but if we listen to that victim-blaming narrative that claims his recklessness is indeed what killed him, doesn't that make Bruce more guilty? Because that means Bruce knew Jason was suicidal (literally jumping in front of bullets with apparently no consideration for his life) and left a fifteen years old active suicide risk alone in a completely foreign environment after having messed up very severely with him during the whole issue, and then he told him "do not go into that warehouse alone, there's a very dangerous guy who wants to kill you." In terms of responsibility, Bruce is actually very damn lucky Jason, like some impulsive suicidal teenagers his age would have, didn't think "oh well, I'll try my luck against the guy who wants to kill me alone and that way either I win and get reassured in my heroism and right to be alive, or I die and that saves me the trouble of buying rope and a step ladder!" Bruce took the Robin costume from Jason to protect him from this exact type of situation but didn't seem to realize the danger he was putting Jason in at that moment. And it's not just me saying that! I don't have the exact reference (I think it was in Gotham Knights?...to verify) Barbara, after finding out about Jason's death, literally tells Bruce that this is his fault and that she warned him Jason had issues.

Of course, all of this is moot point, because it's not why Jason went in the warehouse in the first place, but I can't help but feel baffled at the audacity of DC, who are so deep into their psychophobia, classism, general victim-blaming bullshit and ingrained stereotypical conception of the "troubled teen" that they don't realize that the revisionist interpretation of Jason's death they are defending is literally worse for Bruce. And I have to say, it certainly doesn't paint people trash-talking Jason and blaming him for his death to prop Tim up as "better" and "different" in a very good light either (especially since, if i'm not wrong, there's an arc in which Tim struggles with suicidal thoughts himself... especially since Tim's trauma happened after he became Robin and is, for the most part, a direct consequence of his heroism. Doesn't exactly paint the adults in Jason and Tim's life in a favourable light...)

Anyway, stop blaming Jason's death on his recklessness to absolve Bruce: you're only making it worse.

[corphedgemb]

Corphedge, MB advocates a robust approach to Foreign Exchange Risk Management. Begin with a thorough risk assessment, crafting a strategic plan aligned with business goals. Diversify currency exposure, use hedging instruments judiciously, and continuously monitor markets. Seek expert guidance from Corphedge, MB for a tailored strategy, ensuring proactive risk mitigation and financial resilience. Visit: Foreign Exchange Risk Management