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college-girl199328 · 2 years ago

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More than 13 months after the invasion of Ukraine, Canadians with no ties to President Vladimir Putin or his regime remain frustrated and anxious as salaries earned abroad, retirement investments and even funeral savings sit frozen among the assets caught up in Canada's sanctions net.

Ingrid Morton and her husband Graham are among them. For years, they travelled the world on a series of contracts teaching English at international schools. Their final accord was in Almaty, Kazakhstan.

But when political unrest erupted in street protests and local authorities declared a state of emergency in early 2022 — followed closely by Russia's invasion of Ukraine — they decided to leave the region before their contracts ended. They'd already had a bad experience trying to get out of China when COVID hit. Ingrid was ready to retire.

"I just thought, 'Oh my God, I can't take this anymore. This is crazy,'" she said. The Mortons now live in Toronto. But not all the salaries they earned teaching in Kazakhstan to Canada with them.

Their school put its foreign teachers' salaries into accounts with Sberbank Kazakhstan, a subsidiary of Sberbank Russia listed among the financial institutions being sanctioned by Canada.

Last year, Sberbank Kazakhstan restructured to escape international sanctions. But that corporate changeover hadn't happened yet when Ingrid made what had been, up to that point, a routine transaction for them as teachers abroad — a money transfer from their school's local Sberbank branch to a CIBC branch in Canada.

Ingrid transferred the couple's money on March 1, 2022 — one week after Canada imposed sanctions on multiple Russian banks. "I asked the financial person at our school, 'Can I still send money to Canada?' And she said yes," Ingrid said. "I went to the bank, and it was total mayhem … I said, 'Can I send money out?' And they said yes."

Previous transfers to Canada had appeared in their Canadian account within a few days. This one didn't. "I sent it in good faith that it would arrive," she said. "Sberbank said, 'Well, we've sent it. We're not responsible. It's gone.'"

Ingrid said she believes this transfer, worth about $10,000, was frozen by the Canadian government because of the bank it came from — a bank their employer picked, not them.

"It's not fair," Ingrid said. "Don't they know that Kazakhstan is a country? I didn't send such a huge amount like a Russian oligarch's probably going to send … It seems really stupid on their part to just lump me in with that."

Ingrid applied for a permit to release the couple's money — joining a long queue that's believed to be straining the capacity of Global Affairs Canada (GAC) to run due diligence and grant exemptions. It's impossible to reach anyone at GAC by phone, she said.

"Why is it taking them about a year, and I haven't even had an e-mail from a person?" she said, adding that all she and her husband receive back are automated messages.

"How long is the war going on could be years, and my look at individual cases." While the dollar value of their frozen assets doesn't pose a significant hardship for the Mortons, Ingrid said she feels for those who are missing gigantic amounts.

"There's a lot of innocent people suffering," she said. "I wouldn't expect something like that to be happening in Canada. I would expect fair treatment."

Derek Nickerson said he doesn't consider himself a wealthy person; the Nova Scotian retiree was savvy enough about international investing to shop around in other jurisdictions in search of better rates of return for his retirement savings.

He and his wife opened U.S. dollar accounts at ArmSwissBank, based in Armenia, in 2015. Last March, as interest rates shifted, they $35,000 US to an RBC account. He said he saw their money arrive in the account's records on March 17 — and then disappear on March 22.

He contacted RBC and learned that the money had transited through a correspondent bank in Russia — Alfa Bank, which is on Canada's sanctions list.

"When I ask for a SWIFT transfer, I don't know how come," Nickerson said. He said he didn't learn his transfer had been routed through a sanctioned bank until it was too late.

In the year since, he's struggled to get information from RBC and applied for an exemption from GAC but has heard little response. "I wonder if they're not going to do anything until the war," he said.

While his money is frozen, he's not earning interest. He fears it's losing value at a higher rate because of recent high inflation. "That's our retirement money," he said.

Angelina Ermakov's mother has been a Canadian citizen since 2015, after moving to Ottawa to live with her daughter's family in retirement.

Following a Russian tradition, her mother saved enough money for her funeral — about a million rubles, or $17,000 in Canadian funds — in the Russian bank branch next door to where she used to live in Moscow.

Ermakov finally convinced her mother to move her "funeral money" to her Canadian bank account last February. But the wire transfer from Alfa Bank didn't go through before the sanctions rules kicked in.

"It's all of her savings. That's her peace of mind," Ermakov said. "She asks me every day where they are." No one in their family is associated with the Putin regime; she wonders if her transfer was targeted because of her mother's Russian surname.

"[This is] not blood money or money supporting the war," said Ermakov, who has lived in Canada since 1990. "We do not support the war because we already come and live in a different country."

Ermakov said with RBC that the money's being held until and unless GAC authorizes its release. She said she's heard nothing but "radio silence" from the government.

"It's like talking to a wall because there isn't anyone responding or dealing or even reading emails at this point. I mean, it's been a year," she said.

Ermakov works in the federal public service. She said she finds it hard to believe the department's too overwhelmed to process her mother's application quickly.

"It's clear that it's a policy," she said "It is intentional because when there is a volume of work, you hire … you pay overtime to people, you bring more people to that team or you get another team to work on this issue … I've seen it done before."

All three of these cases are believed to be among several hundred sitting on Foreign Affairs Minister Mélanie Joly's desk — languishing among the more than $122 million in funds frozen by Canadian authorities since the invasion of Ukraine.

One person who spoke to CBC News earlier this winter finally got access to her family's savings last month. The RCMP, which tracks the total amounts of frozen assets and blocked transactions under Canada's Special Economic Measures Act, told CBC News on Monday that its tally has not changed substantially since December.

"Canada is judicious in its approach to deploying sanctions, and we are committed to their effective and coordinated use," Grantly Franklin, a media spokesperson for the department, wrote in response to specific CBC questions about the department's backlog in processing exemption requests.

In October, the federal government allocated $76 million to the sanctions. "Global Affairs Canada will use its portion of this investment to expand the capacity of the sanctions policy and coordination team," Franklin said.

"Our sanctions aim to apply pressure on foreign actors, not on Canadians."

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socutesoevil · 7 years ago

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MCL Campus Life is set in Canada

True story.

If you look closely at the park background there are some tall corporate buildings in the distance and with their names. I counted four: BMO (Bank of Montreal), CIBC (Canadian Imperial Bank of Commerce) Manulife (a Canadian insurance company) and AON (a UK insurance company).

I’m going to set aside AON since they’re global and consider the three Canadian companies. All of them have international branches so their company buildings could easily be seen in any major metropolis downtown. But three of them together? A bit too much of a coincidence.

We also know that MCL is located in a small town. Kim mentions it at the end of CL Episode 2 when Candy says it’s the only gym she has seen around. (Granted, in order for a city to have only one gym it would need to be tiny, so I’m just going to assume they meant no other gym in their neighbourhood.)

So three Canadian company towers, within a block of each other, in a small city. Yup, it’s in Canada.

But where in Canada?

Now that you’re coming down this curious and nerdy rabbit hole with me, let’s go down a bit more. What universities in small Canadian cities offer Art History degrees? (For reference, I’m looking at any city a population of 175k or less.)

Kingston, ON at Queen’s U || pop. 129k

Guelph, ON at U of Guelph || pop. 129k

Victoria, BC at U of Victoria || pop. 84k

Abbotsford, BC at U of Fraser Valley || pop. 141k

Sackville, NB at Mount Allison U || pop. 5.3k

Sherbrooke, QC at Bishop’s U || pop. 162k

Degree information via Study Portal

Population information from most recent census via Google

Guelph,Victoria and Sherbooke all have at least one BMO, CIBC, Manulife and AON. Thus it could be one of those three. My bet would be on Sherbrooke because it’s French-speaking or Victoria, (because that park, c’mon).

So there you go. Hope you had fun playing I Spy with me!

Possible IFs

If MCL is located in Canada it makes sense for Amber to be studying either French or English to improve her career because Canada is bi-lingual.

If it’s set in Quebec then any French mentions (like Miss France and Nath’s cat being called Blanche) wouldn’t be so strange.

If Candy’s father was transferred to a far away province it would explain the expensive train fares. Via Rail is pretty damn pricey for long distances.

(More likely the artist who drew it is Canadian or used a reference of a Canadian city. But I thought it was kind of neato.)

#oh canada #can't say I feel proud #but it's kind of cool still #mcl #my candy love #mcl campus life #mcl university #my candy love university life #my candy love campus life

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thechasefiles · 3 years ago

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Customers peeved at bank’s ‘sudden’ moves CIBC FirstCaribbean International Bank is exiting the asset management business in Barbados, proposing to transfer the Registered Retirement Savings Plan (RRSP) accounts of its clients to insurance giant Sagicor Life Inc. However, some policyholders are upset that the notice informing them of the intended change gave too little time for them to make an informed decision. In the letter notifying account holders, CIBC FirstCaribbean said the decision to exit its Barbados-based asset management business was not made lightly. “At this stage our main goal is to ensure that there is a seamless transition of your arrangements with us to whichever option you choose,” the bank said. The financial institution went on to inform clients that arrangements had been made with Sagicor Life Inc., who is a RRSP provider, to take over the portfolio should they choose that option. The options are to withdraw the contributions, agree to the transfer to the Sagicor, or transfer the funds in the account to a RRSP with another service provider. Transferring to another RRSP provider will not attract the 25 per cent tax penalty. However, some account holders have been caught off-guard by the deadline for a decision to be made and the penalty they could incur should they miss the deadline. According to the notice dated October 1, 2021, if the holder of the RRSP wished to have it transferred to Sagicor, they are to fill out the necessary application form and the related onboarding documents and send them to an email address provided “no later than November 1, 2021”. However, those who vented their frustration to Barbados TODAY complained that they only received the notification at the end of October. “I received the email on October 21,” said one RRSP client. Further, the letter to the clients said “If we do not receive a withdrawal or transfer request from you by November 8, 2021, we will understand you to require a transfer of assets (less 25 per cent withholding tax) and we will communicate with you further in this regard, if necessary.” Read the rest of the article in the comment section below 👇🏾 https://www.instagram.com/p/CV4-KL6rlWY1N9JiSaY5KqJdS-W-mMWUpd2kto0/?utm_medium=tumblr

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juristique · 4 years ago

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United States Swift Codes and BIC Codes – page 5

New Post has been published on https://www.juristique.org/en/swift-codes/united-states-swift-codes-page-5

United States Swift Codes and BIC Codes – page 5

Sommaire

1 United States Swift Codes and BIC Codes – page 5

1.1 Swift Code / BIC: CACHEMATRIX BROKER/DEALER LLC

1.2 Swift Code / BIC: CADENCE BANK, N.A.

1.3 Swift Code / BIC: CAIXA GERAL DE DEPOSITOS, NEW YORK BRANCH

1.4 Swift Code / BIC: CALIFORNIA BANK AND TRUST

1.5 Swift Code / BIC: CALIFORNIA PACIFIC BANK

1.6 Swift Code / BIC: CALIFORNIA REPUBLIC BANK

1.7 Swift Code / BIC: CAMBRIDGE SAVINGS BANK

1.8 Swift Code / BIC: CAMPBELL SOUP COMPANY

1.9 Swift Code / BIC: CANADIAN IMPERIAL BANK OF COMMERCE

1.10 Swift Code / BIC: CANARA BANK

1.11 Swift Code / BIC: CANTOR FITZGERALD AND CO.

1.12 Swift Code / BIC: CAPITAL BANK, N.A.

1.13 Swift Code / BIC: CAPITAL GUARDIAN TRUST COMPANY

1.14 Swift Code / BIC: CAPITAL ONE, N.A.

1.15 Swift Code / BIC: CAPITAL ONE,N.A.

1.16 Swift Code / BIC: CAPITAL RESEARCH AND MANAGEMENT COMPANY

1.17 Swift Code / BIC: CATERPILLAR INC.

1.18 Swift Code / BIC: CATHAY BANK

1.19 Swift Code / BIC: CATHAY UNITED BANK, LOS ANGELES AGENCY DBA CUBT

1.20 Swift Code / BIC: CAUSEWAY CAPITAL MANAGEMENT LLC

1.21 Swift Code / BIC: CBW BANK

1.22 Swift Code / BIC: CCM SECURITIES LLC

1.23 Swift Code / BIC: CELGENE CORPORATION

1.24 Swift Code / BIC: CENTERSTATE BANK OF FLORIDA

1.25 Swift Code / BIC: CENTRAL PACIFIC BANK

1.26 Swift Code / BIC: CENTRE ASSET MANAGEMENT, LLC

1.27 Swift Code / BIC: CENTURY BANK AND TRUST COMPANY

1.28 Swift Code / BIC: CERNER CORPORATION

1.29 Swift Code / BIC: CHANG HWA COMMERCIAL BANK, LTD., LOS ANGELES BRANCH

1.30 Swift Code / BIC: CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH

1.31 Swift Code / BIC: CHARLES SCHWAB AND CO., INC.

1.32 Swift Code / BIC: CHEMICAL BANK

1.33 Swift Code / BIC: CHICAGO BRIDGE AND IRON COMPANY

1.34 Swift Code / BIC: CHICAGO MERCANTILE EXCHANGE

1.35 Swift Code / BIC: CHINA CITIC BANK INTERNATIONAL LTD., LOS ANGELES BRANCH

1.36 Swift Code / BIC: CHINA CITIC BANK INTERNATIONAL LTD., NEW YORK BRANCH

1.37 Swift Code / BIC: CHINA CONSTRUCTION BANK NEW YORK BRANCH

1.38 Swift Code / BIC: CHINA MERCHANTS BANK CO., LTD.

1.39 Swift Code / BIC: CIBC WORLD MARKETS CORP.

1.40 Swift Code / BIC: CISCO SYSTEMS INC

1.41 Swift Code / BIC: CIT BANK

1.42 Swift Code / BIC: CIT GROUP INC.

List all banks United States Swift Codes and BIC Codes with the following information:

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Bank code: 4 characters to identify the bank,

Country code: 2 characters constituting the ISO country code (ISO 3166-1),

Location code: 2 characters (alphabetical or numerical) to differentiate banks in the same country,

Branch code: 3 optional characters defining the agency as a bank branch.

United States Swift Codes and BIC Codes – page 5

Bank

Number

City

Information complement

Swift Code / Bic code

Bank code

Cou. code

Loc. code

Bra. code

Swift Code / BIC: CACHEMATRIX BROKER/DEALER LLC

BCQ 30442 DENVER, CO CHMXUS55 CHMX US 55

Swift Code / BIC: CADENCE BANK, N.A.

BCQ 30443 BIRMINGHAM, AL CDBKUS44 CDBK US 44

Swift Code / BIC: CAIXA GERAL DE DEPOSITOS, NEW YORK BRANCH

BCQ 30444 NEW YORK,NY CGDIUS33 CGDI US 33

Swift Code / BIC: CALIFORNIA BANK AND TRUST

BCQ 30445 LOS ANGELES,CA INTERNATIONAL BANKING GROUP CALBUS66LAX CALB US 66 LAX BCQ 30446 LOS ANGELES,CA CALBUS66 CALB US 66

Swift Code / BIC: CALIFORNIA PACIFIC BANK

BCQ 30447 SAN FRANCISCO, CA CBNKUS6S CBNK US 6S

Swift Code / BIC: CALIFORNIA REPUBLIC BANK

BCQ 30448 NEWPORT BEACH,CA CRBKUS6L CRBK US 6L

Swift Code / BIC: CAMBRIDGE SAVINGS BANK

BCQ 30449 CAMBRIDGE, MA CABGUS33 CABG US 33

Swift Code / BIC: CAMPBELL SOUP COMPANY

BCQ 30450 CAMDEN,NJ SOUPUS33 SOUP US 33

Swift Code / BIC: CANADIAN IMPERIAL BANK OF COMMERCE

BCQ 30451 NEW YORK,NY INTERNATIONAL BANKING FACILITY CIBCUS33IBF CIBC US 33 IBF BCQ 30452 NEW YORK,NY CIBCUS33 CIBC US 33

Swift Code / BIC: CANARA BANK

BCQ 30453 NEW YORK,NY CNRBUS33 CNRB US 33

Swift Code / BIC: CANTOR FITZGERALD AND CO.

BCQ 30454 NEW YORK,NY BGC FINANCIAL LP CANFUS33FIN CANF US 33 FIN BCQ 30455 NEW YORK,NY CANFUS33 CANF US 33 BCQ 30456 NEW YORK,NY CANFUS33CPB CANF US 33 CPB BCQ 30457 NEW YORK,NY CANFUS33ITD CANF US 33 ITD

Swift Code / BIC: CAPITAL BANK, N.A.

BCQ 30458 CORAL GABLES,FL CTAIUS33 CTAI US 33

Swift Code / BIC: CAPITAL GUARDIAN TRUST COMPANY

BCQ 30459 BREA,CA CGTCUS66 CGTC US 66

Swift Code / BIC: CAPITAL ONE, N.A.

BCQ 30460 NEW YORK,NY NFBKUS33 NFBK US 33

Swift Code / BIC: CAPITAL ONE,N.A.

BCQ 30461 NEW ORLEANS,LA HIBKUS44 HIBK US 44

Swift Code / BIC: CAPITAL RESEARCH AND MANAGEMENT COMPANY

BCQ 30462 BREA,CA CRMCUS66 CRMC US 66

Swift Code / BIC: CATERPILLAR INC.

BCQ 30463 PEORIA,IL CTPLUS44 CTPL US 44

Swift Code / BIC: CATHAY BANK

BCQ 30464 FLUSHING, NY NEW YORK BRANCH CATHUS6LNYC CATH US 6L NYC BCQ 30465 ROSEMEAD, CA CATHUS6L CATH US 6L

Swift Code / BIC: CATHAY UNITED BANK, LOS ANGELES AGENCY DBA CUBT

BCQ 30466 LOS ANGELES,CA UWCBUS6L UWCB US 6L

Swift Code / BIC: CAUSEWAY CAPITAL MANAGEMENT LLC

BCQ 30467 LOS ANGELES,CA CCALUS6L CCAL US 6L

Swift Code / BIC: CBW BANK

BCQ 30468 WEIR,KS CBWBUS44 CBWB US 44

Swift Code / BIC: CCM SECURITIES LLC

BCQ 30469 CHICAGO,IL CCMXUS44 CCMX US 44

Swift Code / BIC: CELGENE CORPORATION

BCQ 30470 SUMMIT,NJ CELGUS3S CELG US 3S

Swift Code / BIC: CENTERSTATE BANK OF FLORIDA

BCQ 30471 WINTER HAVEN,FL CSBKUS33 CSBK US 33

Swift Code / BIC: CENTRAL PACIFIC BANK

BCQ 30472 HONOLULU, HI CEPBUS77 CEPB US 77

Swift Code / BIC: CENTRE ASSET MANAGEMENT, LLC

BCQ 30473 NEW YORK, NY CESAUS33 CESA US 33

Swift Code / BIC: CENTURY BANK AND TRUST COMPANY

BCQ 30474 MEDFORD,MA CERYUS33 CERY US 33

Swift Code / BIC: CERNER CORPORATION

BCQ 30475 KANSAS CITY, MO CEOAUS44 CEOA US 44

Swift Code / BIC: CHANG HWA COMMERCIAL BANK, LTD., LOS ANGELES BRANCH

BCQ 30476 LOS ANGELES, CA CCBCUS6L CCBC US 6L

Swift Code / BIC: CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH

BCQ 30477 NEW YORK,NY CCBCUS33 CCBC US 33

Swift Code / BIC: CHARLES SCHWAB AND CO., INC.

BCQ 30478 SAN FRANCISCO, CA INTERNATIONAL FX WIRES CSCHUS6SINT CSCH US 6S INT BCQ 30479 SAN FRANCISCO, CA PFX CSCHUS6SPFX CSCH US 6S PFX BCQ 30480 SAN FRANCISCO, CA TREASURY CSCHUS6STRE CSCH US 6S TRE BCQ 30481 SAN FRANCISCO, CA WIRE TRANSFER SERVICES CSCHUS6SWTS CSCH US 6S WTS BCQ 30482 SAN FRANCISCO, CA CSCHUS6S CSCH US 6S BCQ 30483 SAN FRANCISCO, CA CSCHUS6SGLB CSCH US 6S GLB

Swift Code / BIC: CHEMICAL BANK

BCQ 30484 MIDLAND,MI CHEMUS33 CHEM US 33

Swift Code / BIC: CHICAGO BRIDGE AND IRON COMPANY

BCQ 30485 THE WOODLANDS, TX CBIMUS44 CBIM US 44

Swift Code / BIC: CHICAGO MERCANTILE EXCHANGE

BCQ 30486 CHICAGO,IL DELIVERIES XCMEUS4CDLV XCME US 4C DLV BCQ 30487 CHICAGO,IL FDM BALANCES XCMEUS4CNFA XCME US 4C NFA BCQ 30488 CHICAGO,IL FINANCIAL AND REGULATORY SERVICES XCMEUS4CREG XCME US 4C REG BCQ 30489 CHICAGO,IL XCMEUS4C XCME US 4C BCQ 30490 CHICAGO,IL XCMEUS4D XCME US 4D BCQ 30491 CHICAGO,IL XCMEUS4F XCME US 4F

Swift Code / BIC: CHINA CITIC BANK INTERNATIONAL LTD., LOS ANGELES BRANCH

BCQ 30492 ALHAMBRA,CA KWHKUS66 KWHK US 66

Swift Code / BIC: CHINA CITIC BANK INTERNATIONAL LTD., NEW YORK BRANCH

BCQ 30493 NEW YORK,NY KWHKUS33 KWHK US 33

Swift Code / BIC: CHINA CONSTRUCTION BANK NEW YORK BRANCH

BCQ 30494 NEW YORK,NY PCBCUS33 PCBC US 33

Swift Code / BIC: CHINA MERCHANTS BANK CO., LTD.

BCQ 30495 NEW YORK,NY CMBCUS33 CMBC US 33

Swift Code / BIC: CIBC WORLD MARKETS CORP.

BCQ 30496 NEW YORK,NY OPCOUS33 OPCO US 33

Swift Code / BIC: CISCO SYSTEMS INC

BCQ 30497 SAN JOSE,CA CSCOUS66 CSCO US 66

Swift Code / BIC: CIT BANK

BCQ 30498 SALT LAKE CITY, UT CITXUS55 CITX US 55

Swift Code / BIC: CIT GROUP INC.

BCQ 30499 NEW YORK, NY CITXUS33 CITX US 33

United States Swift codes and BIC codes are managed by the Society for Worldwide Interbank Financial Telecommunication and our page that includes all Swift codes and BIC codes, by bank name, country and continent, here: Swift codes and BIC codes.

Originally posted 2015-11-26 19:12:33.

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damajority · 5 years ago

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DaMajority Fresh Article https://www.damajority.com/financial-institutions-adjust-banking-operations-saint-lucia/

FINANCIAL INSTITUTIONS ADJUST BANKING OPERATIONS | Saint Lucia

FINANCIAL INSTITUTIONS ADJUST BANKING OPERATIONS

The Bankers Association of Saint Lucia has confirmed that adjustments will be made to the banking services available to the public in keeping with the Hon. Prime Minister Allen Chastanet’s announcement of a partial scale down of all non-essential economic and social services from Monday, March 23, 2020 to Sunday, April 5, 2020. The following measures are in keeping with the implementation of the Heightened Protocol and Social Distancing Regime as part of a national response to the COVID-19 pandemic:

Adjusted Services During the period of the partial scale down, financial institutions will facilitate the following the services:  Over the counter teller services for personal and business customers from Monday to Friday from 8:00 a.m. to 12:00 p.m. o Special assigned hours for elderly from 8:00 a.m. to 9:00 am and the general public from 9:00a.m. to 12:00 pm.  Full ATM service including ATM deposits  Processing of urgent temporary credit facilities  Night depository services  Online wire transfers and online payroll service  Sign-ups for online banking service  Debit card and credit card replacements  Processing and clearing of cheques General lending services and opening of new accounts will not be available during the partial scale down to allow staff to attend to urgent and critical requests.

Heightened Protocol and Social Distancing Regime The association’s members are also committed to enforcing the principle of “social distancing” and will limit the number of customers in their banking halls of to a maximum of 20 customers for large branches and 10 customers for smaller branches. Customers waiting outside of banks will be encouraged to maintain a distance of at least 3 feet from each other to limit exposure to the virus.

Additionally, only staff who are critical to the banking services listed above will be asked to report to work during the partial scale down period and others with remote access who are not required to be in-branch will be asked to work from home.

Essential Service Professionals During the period of the partial scale down, special consideration will also be paid to persons employed in essential services such as the medical and healthcare professions and law enforcement to limit the amount of time spent in the banks and to allow them to quickly return to their critical functions. The Association stressed the customers also have an important role to play in ensuring that the partial scale down is executed smoothly and with minimal risk to the banking community. As Saint Lucia’s financial institutions work together to maintain access to critical banking functions, customers are strongly encouraged to delay all non-essential banking requests until normal banking functions resume. Customers are also asked to minimize the frequency of their branch visits where possible by availing of alternative banking channels such as mobile and online banking and utilizing emails and telephone to contact the bank where possible. Finally, while the scaled down operations are intended to safeguard the health and wellbeing of staff and customers in the midst of the COVID-19 outbreak, the Nation’s financial institutions are also working out the finer details of a moratorium on various installment payments and fees to protect the financial wellbeing of their clientele and to ease the financial burden many are expected to experience at this time. The Association advised that customers can expect an update on the details of these measures from their respective financial institutions. As organisations, communities and individuals around the world unite in a concerted effort to fight the spread of COVID-19, financial institutions are committed to playing an active role in supporting the economy and the citizens of Saint Lucia throughout this period of uncertainty and remain optimistic that we will overcome this difficult period together. – 1st National Bank St. Lucia Limited – Bank of Saint Lucia Limited – Capita Financial Services Inc. – CIBC FirstCaribbean International – Financial Investment And Consultancy Services Limited – First Citizens Investment Services Limited. – RBC Royal Bank – Republic Bank EC Limited – Sagicor Finance Inc. – St. Lucia Development Bank – St. Lucia Mortgage & Finance Company Limited

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thingsioncehelddear · 7 years ago

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My MAcc Experience: A Guest Post by Ben Ma, MAcc

Ello, I am not Annie. She asked me to write a lil bit about my experience in MAcc. I am her not-imaginary boyfriend/supplier of stuffed animals. A lil intro about me, for those of you that don’t know, my name is Ben Ma, I recently completed both the MAcc program at UWaterloo and the CFE. I’m starting work as a Taxation Analyst at CIBC. Some of you may know me as:

Former VP Education of AFSA.

One of the Tax Mentors at UWAFSA’s Tax Clinic.

The Textbook Guy.

I have an unhealthy obsession about puns, mangoes and the Canadian Tax system (I kid you not).

I’m going to preface this post with a few notes:

I haven’t taken all the courses, and obviously my discussion isn’t necessarily representative of an MAcc discussion.

I’m a self-proclaimed tax geek, so almost all the courses I took were tax electives. Some I recommend for all people, tax or otherwise, some I don’t recommend at all.

I’m going to say a lot of bad puns. Deal with it.

I’m going to break this down into two sections – the courses, and the MAcc experience.

♛ MACC EXPERIENCE ♛

I am going to say this upfront: You don’t learn any new content in MAcc. What you learn in MAcc isn’t so much new information, but more so of a new way to approach a situation, and learn how to write cases, and present information in such a way that it would be useful to a user. You’ll have already learned everything you needed before in an undergrad course- now you need to … Master that knowledge.

There’s also no homework that you technically need to do. Same as undergrad, you could probably not do assignments/cases and just coast on by. But you are going to suffer a LOT if you don’t prepare for class. Because MAcc is just so case-based, not doing the cases takes out at least 50% of the learning. For the love of God, if you didn’t prepare for class before, now is the time to do it.

If you thought you did well in undergrad and none of this advice applies to you, get your head out of your ass. I went into MAcc with an 88% average, and I still managed to get a 28% on a final exam. Now’s the time to start preparing for class, reviewing, and for the love of God, start showing your work. In MAcc your final answer doesn’t really matter that much unlike in undergrad. I struggled in the beginning because I would just go straight to the answer. But now what’s important is your process. You could be completely off base with your final answer, but if you showed your work 90% of the way, you can probably get 90% of the answers.

♛ COURSES ♛

Considering how the MAcc program is really just a substitute for a PEP program, and is really just a super prep course for the CFE, I think it would be reasonable to talk about how well the course prepares you for the CFE, and how interesting/useful it is.

MANDATORY COURSES

ACC 611: Financial Reporting

One of your mandatory courses for the first term. Ya know all those X91 courses in AFM? Here’s a situation and now let’s do parts A B C of the question? Yeah, I don’t think you can count on those courses anymore.

ACC 611 is really one of your big exposures to CFE style cases, and it’s a huge change from the way undergrad wanted you to present information. Now the focus isn’t so much on the solution, but on the process that you used to approach the situation. This course also put a much bigger focus on actually knowing the accounting standards. I really struggled in this course (this is the one I bombed the exam on) because I didn’t have a structure, and I essentially guessed my way around the exam. Thankfully I ended up fixing this before the CFE. A big part of how to improve and prepare in this course is just a LOT of practice. After a while, you start becoming more familiar with the standards, and how to approach the problem. A big thing that helped me fix up my approach was starting to use a case writing structure.

Outline the issue

Discuss the standard if applicable

Apply case facts to the standard

Recommend corrections if necessary.

ACC 680: Managerial Accounting

Remember AFM 211? Welcome back to it. This course is essentially a more difficult version of AFM 211. You’ll become very familiar with how to structure a DCF in this course. Thankfully that’s really the only thing that’ll happen in this course, a few variations on how to do a DCF, it’s really quite … manageable. I usually found this course to be a lot more straightforward than the other courses, what they usually want is the same: one quantitative analysis and a qualitative analysis, and provide a recommendation based on that. A lot of how to prepare for this class is really do a lot of practice cases until DCFs are ingrained in your mind.

CPA ELECTIVE COURSES

The CPA elective courses are supposed to represent the four elective roles that you can take in the CFE: Audit, Tax, Finance and Performance Management. Each course will teach you how to achieve depth in that particular area. I only took Tax and Finance myself.

ACC 607: Tax

This course is essentially AFM 462 intensified. You’ll do a case every single week, and they’re not going to be easy, it’s quite…taxing and you may or may not have to remember obscure tax facts. Here’s the thing about tax though, you’re never expected to have a perfect answer. In addition, any case in ACC 607 will be twice as hard as any case in the CFE. I honestly believe that the ACC 607 course overprepares you for the CFE, to the extent that you’ll be very comfortable doing the tax role if you decide to do it.

For this class, again, you should at least attempt the practice problems. In this case you’re always going to miss something though. I think it’d be more helpful to do these cases in a group setting, and make sure you take very detailed notes in class, this is the one class where notes in class are very important. I find tax to inherently be very reliant on technical aspects, more so than the other electives – note taking is imperative as a result.

ACC 690: Finance

This is one course I don’t recommend. Yes, it does provide you the information you need for the CFE, but I honestly feel like the course is just a rehash from some undergrad courses. Some of the slides are the same as 3rd year AFM 373... typos included. It’s also the only one of the elective courses that doesn’t test you on a case based exam. It’s not hard to prepare for this course either, you can’t really exceed or do poorly in it. All in all, compared to the other CPA Elective courses, it’s not as well designed or structured in my opinion.

If I had to recommend 2 courses that you should take, I would recommend Audit and Tax. Lame standard choices I know. But I think that the things you learn in these courses are harder to pick up on your own, whereas the things you learn in the other courses can be learned through practice or common sense. Needless to say, you should also choose electives that match the role you’re planning on taking for the CFE.

MACC ELECTIVE COURSES

ACC 605: International Tax

If you are not a fan of tax, this is not the course for you. This is a very tax research-heavy course that will discuss the implications of taxes in multiple jurisdictions and how the Canadian Tax system accounts for it. Though this is a great way to understand how tax works, I have to admit, this will not be useful for the CFE. At all. It’s unlikely you’re going to use this in work either, as it’s a very complex topic and requires a lot of expertise and research, unless you’re going into some international tax advisory role. Definitely not a course to take if you want a bird course. But if you have a passion for tax, I highly recommend this course. It’s hard, but satisfying when you understand it.

ACC 662: Tax Policy

I didn’t take this course, but I’ve talked to a lot of classmates about it. You know how I said International Tax was tax research-heavy? This one is even heavier. This is a course that teaches you why and how policymakers develop taxes, and you’ll write some essays on particular topics. Again, not an easy course, and not for those who don’t like tax. But if you’re considering a PhD in the future, or a future in academia, or even tax policy, this is highly recommended, as this will literally walk you through what you need to do when researching tax.

ACC 690: Tax for the CFO

I cannot recommend this course enough, especially if you’re entering a tax role in industry. This course teaches you how companies actually prepare tax provisions and it’ll give you a very good understanding of IAS 12 (Taxes), combining accounting and taxes in a comprehensive way. It’s useful for the CFE, as it’ll teach you IAS 12 very thoroughly, and adjustments to reach taxable income if tax is your weak point. I’m currently in a taxation role at CIBC, and what I did in this course is going to be directly transferable to my role.

ACC 606: Business Valuations

I also highly recommend this course. One of the major parts that you can be tested on in Finance is valuations. This course teaches you how to approach a valuation, and is incredibly useful for the CFE if you are weak in Finance. If you’re a Finance person, this course also moves you directly to the second exam for the CBV designation if you’re interested.

♛

Well, that’s pretty much my overview of what I thought about courses and how to prepare for them. If you have any other questions, feel free to reach out to me. I can be reached by Facebook, Twitter, summoning through the Dark Arts, or smoke signals.

#TIOHD MAcc #TIOHD Courses #TIOHD Tips #TIOHD 4B #TIOHD AFM

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showbizchicago · 5 years ago

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Broadway In Chicago Announce OSLO $25 Digital Lottery Tix

Broadway In Chicago is thrilled to announce there will be a digital lottery for OSLO, which will play for a limited six-week engagement at Broadway In Chicago’s Broadway Playhouse (175 E. Chestnut) from September 10 through October 20, 2019. The Tony Award ® Best Play Winner OSLO will make its Chicago Premiere with TimeLine Theatre’s production at Broadway In Chicago’s Broadway Playhouse. The digital lottery will begin September 9 at 9AM, and 12 tickets will be sold for every performance at $25 each. The lottery will happen online only the day before each performance. Seat locations vary per performance. HOW TO ENTER THE DIGITAL LOTTERY Visit https://www.broadwayinchicago.com/show/oslo/ Follow the link “Click here for details and to enter the lottery” Click the “Enter Now” button for the performance you want to attend. Fill out the entry form including the number of tickets you would like (1 or 2). Patrons will receive a confirmation email once they have validated their email (one time only) and successfully entered the lottery. After the lottery closes, patrons will be notified via email within minutes as to whether they have won or not. Winners have 60 minutes from the time the lottery closes to pay online with a credit card. After payment has been received, patrons can pick up tickets at the Broadway Playhouse (175 E. Chestnut) no sooner than 30 minutes before show time with a valid photo ID. DIGITAL LOTTERY ADDITIONAL RULES Limit 1 entry per person, per performance. Multiple entries will not be accepted. Patrons must be 18 years old and have a valid, non-expired photo ID that matches the names used to enter. Tickets are non-transferable. All lottery prices include a $3.50 facility fee. Ticket limits and prices displayed are at the sole discretion of the show and are subject to change without notice. Lottery prices are not valid on prior purchases. Lottery ticket offer cannot be combined with any other offers or promotions. All sales final - no refunds or exchanges. Lottery may be revoked or modified at any time without notice. No purchase necessary to enter or win. A purchase will not improve your chances of winning. ABOUT OSLO TimeLine Theatre Company’s production of OSLO is the Chicago premiere. It premiered in fall 2016 in a sold-out run at New York’s Lincoln Center and opened on Broadway in April 2017. It then played at London’s Royal National Theatre in September 2017 before transferring to the West End in October 2017. OSLO received the 2017 Tony Award for Best Play, as well as New York Critics, Outer Critics, Drama Desk, Drama League, Lucille Lortel, and Obie awards—a sweep of the 2016-17 New York awards season—and was nominated for the Olivier and Evening Standard awards.�� OSLO is a remarkable story about the unlikely friendships, quiet heroics, and sheer determination that pushed two foes to reach something neither thought truly possible—peace. When the Israeli prime minister and the chairman of the Palestine Liberation Organization shook hands on the White House lawn in 1993, the world had no idea what it took to orchestrate that momentous occasion. Behind the scenes, a Norwegian diplomat and her social scientist husband hatched an intricate, top secret, and sometimes comical scheme to gather an unexpected assortment of players at an idyllic estate just outside Oslo. Far from any international glare, mortal enemies were able to face each other not as adversaries, but as fellow human beings. J.T. Rogers’ OSLO is a humorous, surprising, and inspiring true story about the people inside politics, and the incredible progress that is possible when we focus on what makes us human—together. The cast will star Scott Parkinson as Terje Larsen and Bri Sudia as Mona Juul, with TimeLine Company Member Anish Jethmalani as Ahmed Qurie and Jed Feder as Uri Savir, and Bernard Balbot, Ron E. Rains, Amro Salama, Stef Tovar, Bassam Abdlefattah, Tom Hickey, Victor Holstein, and TimeLine Company Members Juliet Hart and David Parkes. The creative team includes J.T. Rogers (Playwright), Nick Bowling (Director), Jeffrey D. Kmiec (Scenic Designer), Jesse Klug (Lighting Designer), Christine Pascual (Costume Designer), Katie Cordts (Wig and Hair Designer), André Pluess (Sound Designer), Mike Tutaj (Projections Designer), Amy Peter (Properties Designer), Eva Breneman (Dialect Designer), Deborah Blumenthal (Co-Dramaturg), Maren Robinson (Co-Dramaturg), Jonathan Nook (Stage Manager) and Mary Zanger (Assistant Stage Manager). For more information, please visit TimeLineTheatre.com/events/oslo/ TICKET INFORMATION Individual tickets for OLSO are currently on-sale to the public and range in price from $35 - $90 with a select number of premium seats available. Individual tickets are available by calling the Broadway In Chicago Ticketline at (800) 775-2000 or by visiting BroadwayInChicago.com. Tickets are available now for groups 10 or more by calling Broadway In Chicago Group Sales at (312) 977-1710 or emailing [email protected]. For more information,visit BroadwayInChicago.com or timelinetheatre.com. ABOUT TIMELINE THEATRE COMPANY TimeLine Theatre Company, recipient of the prestigious 2016 MacArthur Award for Creative and Effective Institutions, was founded in April 1997 with a mission to present stories inspired by history that connect with today's social and political issues. Launching its 23rd season with Oslo, to date TimeLine has presented 79 productions, including 10 world premieres and 35 Chicago premieres, and launched the Living History Education Program, now in its 12th year of bringing the company's mission to life for students in Chicago Public Schools. Recipient of the Alford-Axelson Award for Nonprofit Managerial Excellence and the Richard Goodman Strategic Planning Award from the Association for Strategic Planning, TimeLine has received 54 Jeff Awards, including an award for Outstanding Production 11 times. TimeLine is led by Artistic Director PJ Powers, Managing Director Elizabeth K. Auman and Board President Eileen LaCario. Company Members are Tyla Abercrumbie, Will Allan, Nick Bowling, Janet Ulrich Brooks, Wardell Julius Clark, Behzad Dabu, Charles Andrew Gardner, Lara Goetsch, Juliet Hart, Anish Jethmalani, Mildred Marie Langford, Mechelle Moe, David Parkes, Ron OJ Parson, PJ Powers, Maren Robinson and Benjamin Thiem. Major corporate, government and foundation supporters of TimeLine Theatre include Paul M. Angell Family Foundation, The Crown Family, Forum Fund, The Joseph and Bessie Feinberg Foundation, Illinois Arts Council Agency, Laughing Acres Family Foundation, A.L. and Jennie L. Luria Foundation, MacArthur Fund for Arts and Culture at Prince, the National Endowment for the Arts, The Pauls Foundation, Polk Bros. Foundation, and The Shubert Foundation. For more information, visit timelinetheatre.com or Facebook, Twitter, or Instagram (@TimeLineTheatre). ABOUT BROADWAY IN CHICAGO Broadway In Chicago was created in July 2000 and over the past 19 years has grown to be one of the largest commercial touring homes in the country. A Nederlander Presentation, Broadway In Chicago lights up the Chicago Theater District entertaining more than 1.7 million people annually in five theatres. Broadway In Chicago presents a full range of entertainment, including musicals and plays, on the stages of five of the finest theatres in Chicago’s Loop including the Cadillac Palace Theatre, CIBC Theatre, James M. Nederlander Theatre, and just off the Magnificent Mile, the Broadway Playhouse at Water Tower Place and presenting Broadway shows at the Auditorium Theatre. Broadway In Chicago proudly celebrates 2019 as the Year of Chicago Theatre. For more information, visit BroadwayInChicago.com. Facebook @BroadwayInChicago ● Twitter @broadwaychicago ● Instagram @broadwayinchicago ● #broadwayinchicago Read the full article

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toldnews-blog · 6 years ago

Photo

New Post has been published on https://toldnews.com/business/quadriga-the-cryptocurrency-exchange-that-lost-135m/

Quadriga: The cryptocurrency exchange that lost $135m

Image copyright Facebook/Quadriga

Image caption Gerald Cotten

When the 30-year-old founder of a Canadian cryptocurrency exchange died suddenly, he took the whereabouts of some C$180m ($135m; £105m) in cryptocurrency to his grave. Now, tens of thousands of Quadriga CX users are wondering if they will ever see their funds again.

In 2014, one of the world’s biggest online cryptocurrency exchanges – MtGox – unexpectedly shut down after losing 850,000 Bitcoins valued at the time at nearly $0.4bn (£0.3bn).

Its meltdown shook investors in the volatile emerging marketplace – but the calamity at the Tokyo-based company proved a boon for a new Canadian online cryptocurrency exchange.

“People like the fact we’re located in Canada and know where their money is going,” Quadriga CX founder Gerald Cotten said at the time.

Some five years later, Cotten’s sudden, untimely death has left thousands of his customers scrambling for information about their own missing funds.

“We don’t know whether or not we’re going to get our money back,” Tong Zou, who says he is owed C$560,000 – his life savings – told the BBC.

“There’s just a lot of uncertainty.”

This month, Quadriga – which had grown to become Canada’s largest cryptocurrency exchange – was granted temporary bankruptcy protection in a Canadian court.

The firm said it had spent the weeks since Cotten’s death trying desperately to “locate and secure our very significant cryptocurrency reserves”.

Image copyright Reuters

Image caption Broken representations of the Bitcoin virtual currency

In court documents, Quadriga says it owes up to 115,000 users an estimated C$250m – about C$70m in hard currency and between C$180m an C$190m in cryptocurrency, based on recent market rates.

It believes – though it’s not certain – that the bulk of those millions in reserves was locked away by Cotten in cold storage, which is an offline safeguard against hacking and theft.

For now, all trading has been suspended on the platform.

Bitcoin explained: How do crypto-currencies work?

‘Wild West’ Bitcoin ‘should be regulated’

Bernie Doyle, CEO of Refine Labs and head of the Toronto chapter of the Government Blockchain Association, calls what’s happening at Quadriga a “seismic event” in the industry.

The world of digital currency has little regulatory oversight and a history of volatile prices, hacking threats, and minimal consumer protection.

Mr Doyle says this only adds to the nascent sector’s already “checkered history”.

But he says “it’s really unfortunate that the ecosystem takes a hit” amid one firm’s problems.

Image copyright Reuters

Image caption The theft involved the lesser-known IOTA cryptocurrency

What happened at Quadriga?

Court documents filed in late January offer some insight into the company.

Quadriga had no offices, no employees and no bank accounts. It was essentially a one-man band run entirely by Cotten wherever he – and his laptop – happened to be, which was usually his home in Fall River, Nova Scotia.

It used some third-party contractors to handle some of the additional work, including payment processing.

His widow, Jennifer Robertson, says she was not involved in the company until her husband died suddenly on 9 December in India from complications related to Crohn’s disease.

In an affidavit, she says she has searched the couple’s home and other properties for business records related to Quadriga, to no avail. The laptop on which he conducted all the business is encrypted and she doesn’t have the password or recovery key.

An investigator hired to assist in recovering any records had little success.

It was also recently revealed the company somehow inadvertently transferred Bitcoins valued at almost half-a-million dollars into cold storage in early February and now can’t access them.

But Quadriga’s troubles didn’t start with missing coins. The company’s liquidity problems began months earlier.

In January 2018, Canadian bank CIBC froze five accounts containing about C$26m linked to Quadriga’s payment processor in a dispute over the real owners of the funds, an issue that ended up in court.

Image copyright Supreme Court of Nova Scotia

Image caption A photo of bank drafts submitted in Quadriga court documents

The company says it also has millions in bank drafts it has been unable to deposit because banks have been unwilling to accept them.

Ms Robertson’s affidavit to the court included photos showing stacks of bank drafts placed on a kitchen stove.

Those banking disputes contributed to a “severe liquidity crunch” at the company, with frustrated users facing delays and difficulties trying to access funds.

Who was Gerald Cotten?

In photos and interviews, Cotten comes across as a clean-cut business school graduate who tended to favour the casual shirts and jeans uniform of a tech entrepreneur.

In a statement, Quadriga called him a “visionary leader” who was in India for the opening an orphanage for children in need when he died.

His friend Alex Salkeld described Cotten as a helpful, easy-going young man keen to contribute to the community of cryptocurrency enthusiasts.

“I don’t think you’ll find anyone willing to say anything bad about him,” he told the BBC.

Mr Salkeld said once a week Vancouver Bitcoin Co-Op members would all head over to the Quadriga’s then-offices “and just talk Bitcoin”.

Like others at the time, he said Cotten saw Bitcoin as a technology with the potential to change the world – a virtual currency free of governments and the banking system.

Mr Salkeld said that since Cotten died, those who knew him have been going back-and-forth over how he could possibly have failed to have a contingency plan in place.

Image copyright Courtesy Alex Salkeld

Image caption Gerald Cotten in 2014 showing Alex Salkeld’s daughters how to use a Bitcoin automatic teller

But amid rampant talk online about possible fraud related to the missing coins, Mr Salkeld said that, to him, “it’s looking like a tragic series of unfortunate events strung together in a really unlucky way”.

Cotten’s last will and testament also gives some hints as to his life and assets.

The document, signed shortly before his ill-fated trip to India, shows he appointed Ms Robertson as executor of the estate and left her the bulk of his property.

It offers some detail into those assets: a Lexus, an airplane – he was an amateur pilot – a sailboat, and real estate in the Canadian provinces of Nova Scotia and British Columbia.

He even planned for the care of his two chihuahuas, Nitro and Gully.

The case against Quadriga

There are many who are suspicious of Quadriga’s story and who doubt claims that Cotten had the only key to reserves valued in the tens of millions of dollars.

Online sleuths and industry experts have analysed the public transaction history of Quadriga wallets – which are used to store, send, and receive cryptocurrency – and have raised the possibility that the cold storage reserves might not exist at all.

Tech Tent – is it curtains for crypto?

Is blockchain living up to the hype?

That has led to concern there is more at play than poor business practices and internal company chaos in the wake of Cotten’s death.

Others have wondered whether Cotten faked his own death and that this is all part of an “exit scam” to abscond with the funds.

Amid those rumours, Ms Robertson’s affidavit included a copy of statement of death from a funeral home in Halifax, Nova Scotia.

The hospital in Jaipur where Cotten was treated also released a statement detailing the medical interventions he received prior to his death.

JP Morgan creates crypto-currency

His widow says she has received death threats and “slanderous comments” online since Quadriga publicly announced its troubles.

An independent third party monitor has also been appointed to oversee the court proceedings, and is currently in possession of Cotten’s laptop and other devices.

What happens next?

In an online message to its users, Quadriga said it filed for creditor protection to give it time to ensure the future viability of the company.

It also admitted it is in ��the early stages of a long process and [does] not have all the answers right now”.

According to court filings, Quadriga is also investigating whether some of the cryptocurrency could be secured on other exchanges and it said it’s considering selling the platform to cover its debts.

A number of affected users, including Tong Zou, have retained lawyers and are seeking representation in the proceedings.

Meanwhile, Canada’s main securities regulator, the Ontario Securities Commission, has confirmed it looking into Quadriga “given the potential harm to Ontario investors”.

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teiraymondmccoy78 · 6 years ago

Text

Ripple, XRP could trigger the bull run of 2019 and overtake Bitcoin [BTC]

Opinion

XRP has been dormant for a very long time and as the end of 2018 approaches, much-needed news about Ripple’s partnerships with major financial institutions have started erupting in the crypto-space.

In addition to the above, XRP and cryptocurrencies are being backed by major players in the financial industries, like the managing director and the chairwoman of the International Monetary Fund [IMF], Christine Lagarde, which is a telltale of massive adoption of cryptocurrencies in real-world.

Ripple’s Partnerships

Ripple made massive partnerships with major banks and financial institutions around the world, like Israel’s GMT, Turkey’s Akbank, MoneyGram, AmericanExpress, CIBC, Earthport, and many more who have the access to use Ripple’s blockchain technology for cross-border payments and more.

Akbank announced that it was using Ripple’s blockchain technology [Ripple Net] to transfer the GBP to U.K.’s Santander, another financial services company. This announcement doesn’t clarify that it is not using XRP as bridge currency, but it doesn’t mention that it isn’t either.

Moreover, Brad Garlinghouse, the CEO of Ripple, words did come true, but partially because he had said that at least one bank using Ripple’s ‘xRapid’ by the end of the year 2018.

More specifically he stated:

“I have publicly said we expect this year for at least one bank to use XRP in their payment flows to use xRapid.”

With only 14 days remaining for 2018 to come to an end, it feels like this what Brad Garlinghouse was talking about.

Apart from the above, there have been rumors in the XRP community that The World Bank could be in close cahoots with Ripple, which sounds too good to be true.

However, there is a definitive proof that The World Bank is considering using cryptocurrencies as per the study by Dr. Ramanathan Somasundaram and SM Quamrul Hasan, who are both researchers specializing in government procurement, proposes the development of a blockchain network to boost efficiency across government procurement systems worldwide.

Christine Lagarde, the chairwoman of IMF said that “Money itself is changing” referring to cryptocurrency revolution that is incoming. Brad Garlinghouse retweeted with a comment saying:

“@Lagarde is absolutely correct: Money itself IS changing. Digital assets not only help to solve the financial inclusion problem, but also the very real issue of a fractured global payments system – it just makes sense that Central Banks would lean in.”

With the current banking and the financial system, the transfer of money between countries takes a lot of time and has huge fees, that’s where Ripple comes into play with XRP as a bridge currency.

A Twitter user ‘XRP Veteran’ tweeted out an infographic representing the how XRP acts a bridge currency between different world currencies. Fiat currencies have a web of interconnected and inefficient ways to convert currencies, which is subject to liquidity

Source: Twitter @XRP VETERAN

Using XRP as a bridge currency helps accomplish cross-border payments in a maximum time of 3 to 4 seconds and unlike traditional banks, XRP and Ripple’s technology can be used 24 x 7 x 365.

By using Ripple’s xRapid there is a massive reduction in Nostro accounts, which are tedious and expensive, but with XRP, Nostro accounts will be eliminated altogether as banks only need hold the bridge currency which is XRP.

In comparison with other cryptocurrencies, Ripple and XRP make the transfer between any currency, any asset and any commodity possible.

With all these partnerships Ripple and XRP, in a tag-team plan to take on the remittance and the cross-border payment industry which is worth $155 trillion in total, as mentioned by Navin Gupta.

He stated:

“Ripple is not an ordinary company… We are here to make a dent in the universe… And that’s the reason six years ago we were born with the mission of moving money like information moves today.”

He said cross-border remittances is a $155 trillion problem and that they would solve that problem first, make a difference to everyone in that industry and then move to next industry.

XRP spreads its reach

Coinbase recently announced that it is adding more than 30 assets to its trading list and XRP was one among them. Coinbase has always been known for scrutinizing an asset thoroughly before adding it to their trading lists.

Since that has been thrown out of the window, the cryptocurrency community speculates that it could be due to the bear market wiping off more than 80% of Coinbase’s trading volume since its all-time high in 2018, which was reported by diar, in a research.

Furthermore, the community speculates that adding XRP to Coinbase could somehow aid and recover the lost trading volume.

Binance’s CEO, CZ also voiced his opinion regarding Coinbase on a Tweet by Joseph Young.

Moreover, TD Ameritrade, a 40-year-old brokerage firm stated in a tweet that it is planning to explore addition if XRP.

The tweeted stated:

“Glad you’re enjoying our content! We’re still exploring the #XRP space – stay tuned for more information. Our team is working hard to make things like this happen.”

Leading travel we]ebsite ‘Travela’ with more than 500,000 properties in over 200 countries has announced that users could book hotels in those properties using Ripple’s XRP.

XRP and Ripple enthusiast ‘XRP Vibe motivation’ tweeted out a map that shows a map of all the partners that are currently using Ripple’s blockchain services and exchanges that have listed XRP for trading. This could signify the reach of XRP and Ripple’s empire.

XRP’s market cap FUD

There was a huge commotion in the XRP community recently regarding the correct market cap of XRP. CoinMarketCap [CMC] not considering the XRPs in the escrow escalated due to the chief marketing officer of Ripple’s Cory Johnson, tweet.

To the commotion CMC replied:

“Hello, to help us process this request, we kindly ask that you have a member of an official team submit a supply update request here: coinmarketcap.com/request and select “I want to update information on an existing cryptocurrency or exchange”. Thank you for your understanding.”

Conclusion

With aggressive adoption and partnership amongst Ripple and other financial institutions if and when these banks go live and start using xRapid, XRP prices will definitely soar higher leading the next bull run.

This bull run in combination with the correct market cap of XRP could be how XRP becomes the first largest cryptocurrency in the world overtaking Bitcoin [BTC].

Subscribe to AMBCrypto’s Newsletter

Original Source https://ift.tt/2EBlW1m

0 notes

bobbynolanios88 · 6 years ago

Text

Ripple, XRP could trigger the bull run of 2019 and overtake Bitcoin [BTC]

Opinion

Ripple’s Partnerships

Moreover, Brad Garlinghouse, the CEO of Ripple, words did come true, but partially because he had said that at least one bank using Ripple’s ‘xRapid’ by the end of the year 2018.

More specifically he stated:

“I have publicly said we expect this year for at least one bank to use XRP in their payment flows to use xRapid.”

With only 14 days remaining for 2018 to come to an end, it feels like this what Brad Garlinghouse was talking about.

Apart from the above, there have been rumors in the XRP community that The World Bank could be in close cahoots with Ripple, which sounds too good to be true.

Christine Lagarde, the chairwoman of IMF said that “Money itself is changing” referring to cryptocurrency revolution that is incoming. Brad Garlinghouse retweeted with a comment saying:

With the current banking and the financial system, the transfer of money between countries takes a lot of time and has huge fees, that’s where Ripple comes into play with XRP as a bridge currency.

Source: Twitter @XRP VETERAN

Using XRP as a bridge currency helps accomplish cross-border payments in a maximum time of 3 to 4 seconds and unlike traditional banks, XRP and Ripple’s technology can be used 24 x 7 x 365.

In comparison with other cryptocurrencies, Ripple and XRP make the transfer between any currency, any asset and any commodity possible.

With all these partnerships Ripple and XRP, in a tag-team plan to take on the remittance and the cross-border payment industry which is worth $155 trillion in total, as mentioned by Navin Gupta.

He stated:

He said cross-border remittances is a $155 trillion problem and that they would solve that problem first, make a difference to everyone in that industry and then move to next industry.

XRP spreads its reach

Furthermore, the community speculates that adding XRP to Coinbase could somehow aid and recover the lost trading volume.

Binance’s CEO, CZ also voiced his opinion regarding Coinbase on a Tweet by Joseph Young.

Moreover, TD Ameritrade, a 40-year-old brokerage firm stated in a tweet that it is planning to explore addition if XRP.

The tweeted stated:

“Glad you’re enjoying our content! We’re still exploring the #XRP space – stay tuned for more information. Our team is working hard to make things like this happen.”

Leading travel we]ebsite ‘Travela’ with more than 500,000 properties in over 200 countries has announced that users could book hotels in those properties using Ripple’s XRP.

XRP’s market cap FUD

To the commotion CMC replied:

Conclusion

This bull run in combination with the correct market cap of XRP could be how XRP becomes the first largest cryptocurrency in the world overtaking Bitcoin [BTC].

Subscribe to AMBCrypto’s Newsletter

Original Source https://ift.tt/2EBlW1m

#IFTTT #Cryptocurrency and Bitcoin

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thechasefiles · 6 years ago

Text

The Chase Files Daily Newscap 6/20/2019

Good MORNING #realdreamchasers! Here is The Chase Files Daily News Cap for Thursday 20th June 2019. Remember you can read full articles for FREE via Barbados Today (BT), Barbados Government Information Services (BGIS) or by purchasing a Daily Nation Newspaper (DN).

ALL HANDS IN FIRE FIGHT –The fire that engulfed the Sustainable Barbados Recycling Centre (SBRC) on Tuesday is no longer a national threat, but it is a major concern for Government and a nuisance to residents. An inter-ministry approach has been undertaken to bring operations back to normal at the Vaucluse, St Thomas recycling plant. Yesterday, Minister of Environment and National Beautification Trevor Prescod met with Minister of Home Affairs Edmund Hinkson, Acting Attorney General Wilfred Abrahams, representatives from the Disaster Emergency Management, Environmental Protection Department, Ministry of Health, Sanitation Service Authority (SSA), Waste Haulers Association, SBRC and Chief Fire Officer Errol Maynard to address the situation. “Although the responsibility is SBRC’s, the only way we could resolve the issue is through concomitant representation,” Prescod told the NATION after meeting with officials at the nearby Central Country Club ground pavilion in Vaucluse. (DN)

SHORT-LIVED SCHOOL MEALS ACTION – Staffers at the School Meals Department at Lancaster, St James, were off the job again yesterday. However, this time it was not from the heat in the kitchen. Some employees began wildcat industrial action, but were back at their stations less than an hour later, after a visit by their representative, the National Union of Public Workers (NUPW). Assistant general secretary of the NUPW, Wayne Walrond, told the NATION the decision to strike was based on what they thought was a supervisor being passed over for promotion. “The workers were back on the job quickly. There was a miscommunication which led to them thinking a supervisor had been bypassed for promotion, but that was quickly clarified and they returned to work. (DN)

RETRENCHED PUBLIC WORKER AMONG PRIZE-WINNING UWI ENTREPRENEURS –A business idea from a former public sector worker who was retrenched last year is among winners of a University of the West Indies contest to find viable startups by UWI students. Five ideas made the final cut in the Student Entrepreneurial Empowerment Development (SEED) competition, who were presented with seed money in a ceremony attended by the Minister for Entrepreneurship Dwight Sutherland at the 3Ws Oval at the UWI’s Cave Hill campus. And even as the student-entrepreneurs were being toasted by the university, Sutherland called on the UWI to play a greater role in developing entrepreneurship in Barbados and the region. Winners of the competition were Mikhail Eversley and Kemar Codrington of Oasis Laboratory and Franz Harewood-Hamblin from Grow Smart Youth Farm. Over 60 businesses have been created out of the SEED programme over the years with the contribution of over $180,000 from the CIBC FirstCaribbean International Bank. Sutherland said it was about time higher education institutions make every effort to “resist any temptation to be stymied by intellectual loyalty” and instead “reinvent” so that they could help individuals turn their ideas into viable businesses. He said it was important that regional universities foster entrepreneurial development by focusing on courses that place emphasis on creating new enterprises, provide positive role models in teaching and intensify experiential learning and real-world experiences. The Minister said: “You must see yourselves as an integral source of talent and ideas as you serve as economic magnets for investments, entrepreneurs and talent in the region. “Further, your role in economic development must continue to be increasingly magnified, given the fact that there is considerable leverage that can accrue through your agenda of core education, research and development, and other critical spillovers. “Your remit must, therefore, be to create the type of entrepreneurship education that causes those who graduate in the past to also become interested in up-to-date and transferable entrepreneurship programmes.” Sutherland said he saw the university playing a critical role in helping to develop the blue economy in the Caribbean as Barbados and the rest of the region continue to grapple with economic development issues. (BT)

ALL LOCAL ONIONS ON THE MARKET – Barbados is set to save US$1.5 million in foreign exchange this year from not importing onions. Board Member of the Barbados Agricultural Development and Marketing Corporation (BADMC), Peter Chase told members of the media today that BADMC would not be importing onions any time soon, since local farmers have been able to produce a phenomenal onion crop of close to 300 000 pounds, that would last an estimated six months. “It is a major crop and a major savings for Barbadians. The crop was fantastic. We still have farmers coming in and for the last three months we have not imported any onions,” he said. Chase said farmers started reaping the five-month crop in April, a process, which he said, should be completed by July. Chase noted that currently, all onions being sold in supermarkets were locally grown. (BT)

HEALTH SECTOR TO GET BOOST FROM CUBA – For the second time in a matter of days, the health sector is set to benefit from a bilateral arrangement. This time the help is to come in the form of access to medical training and technology from Cuba. The revelation came from Minister of Foreign Affairs Senator Dr Jerome Walcott, following recent talks with his Cuban counterpart, Bruno Rodriguez Parilla. Senator Walcott said that Barbados and Cuba have had a long history of collaboration and the visit from the Cuban foreign Minister allowed for further discussions on how this collaboration can be built upon in the current era. The move comes just days after Prime Minister Mia Mottley announced plans to augment chronic nursing shortages, with 400 nurses from Ghana, following the visit of President Nana Akufo-Addo. Said Senator Walcott of the bilateral talks with Cuba: “We spoke of the need to go into different areas in terms of specialist nursing, in terms of nurses being trained in oncology. We also dealt with the issue of pharmaceuticals.” Speaking at a press conference at Accra Beach Hotel, Senator Walcott, himself a medical doctor, noted that he was especially excited about gaining access to Cuba’s technology on treating leg ulcers on persons with diabetes. “Cuba has some revolutionary techniques as it relates to diabetes in terms of the management of leg ulcers which is a scourge of diabetes in Barbados. They [Cuba] have done some very good work and we are looking at trying to get access to some of the drugs and methods. “We want our professionals to be trained in treating leg ulcers and the diabetic foot and we have had discussions on how this can become available to us.” The Foreign Minister noted that Cuba has done extensive work in the area of microbiology and vaccines, which are of significant interest to Barbados. “Many of you might not know that the vaccines for yellow fever was in fact discovered in Cuba. More recently they have discovered vaccines for certain types of cancers such as those that affect the head, neck, lungs and liver. These are areas that we can certainly work collaboratively.” But he noted that the health sector was not the only beneficiary of the exchanges with Cuba, as education, culture and sports, will also receive a boost as a result of the closer ties. “As it relates to education, we spoke about the need to widen this system of foreign languages. Cubans will be exposed in terms of training in English and we benefit in terms of Spanish training. “There is a MOU which is being reviewed by the Ministry of Education and we hope that this will roll out in the not too distant future.” (BT)

NURSES, MINISTRY SET FOR FRESH CLINIC TALKS –Despite Government’s insistence that 24-hour polyclinics will open in a matter of weeks, it is unclear if the middle ground could be reached over the issue of the nurses’ refusal to work the shift system. A meeting is set for Friday between the Ministry of the Civil Service and the nurses who will staff the clinics in another effort to break the deadlock. Nurses from the two polyclinics earmarked as the pilots of the programme, the Winston Scott and David Thompson Health and Social Services Complex, met this afternoon with the National Union of Public Workers (NUPW) to strategise for the meeting. The Ministry of Health is also expected to outline Cabinet’s decision on the matter. Earlier this week, Minister of Health Lieutenant Colonel Jeffrey Bostic told Barbados TODAY that last Thursday, ministers greenlighted the round-the-clock care plan and that it was just a matter of informing the unions of what is to come. Lieutenant Colonel Bostic said: “As a result of a decision taken at Cabinet on Thursday, I can tell you that we will commence the service within the coming weeks. “I don’t want to go into the specifics at this stage because I want to first share that information with the unions and with the staff before going public. “We had called a meeting with the unions on Saturday, but they were unavailable, so we have scheduled a second meeting to articulate what we are going to be doing going forward.” But following today’s two-hour meeting, which began at 3 p.m. at the Sir Winston Scott Polyclinic, NUPW acting General Secretary Delcia Burke, insisted that the matter was not going to be solved by ministerial directive. She told Barbados TODAY that although Government has not yet indicated what the new position is, union members were prepared to respond to most eventualities. “The nurses communicated their position to us and we would prefer to say it to the meeting first on Friday. “The Minister of Health did say that the 24-hour polyclinics will commence but he did not say when. It might move along but not with the nurses because there certainly aren’t enough nurses for the project. “It really now depends on what Government’s position is because the nurses have opted not to work the 24-hour clinics and nobody can’t make them change that if they don’t want to. So we will really have to see now what they are telling us.” The trade unionist also told Barbados TODAY that members had no problems with Goverment’s plan to bring nurses from Ghana, suggesting that the recruits could man the round-the clock facility, providing they met certain conditions. The NUPW acting general secretary said: “I believe that the nurses from Ghana will sort out this issue with the polyclinics but first we have to be sure that they can speak in a way that the average Barbadian can understand. “We have to also be sure that they are properly trained, and they would have to do the regional exams that our nurses are required to do. As long as they can meet those three criteria then we have no problem at all.” Earlier this week, the Health Minister said that he has looked into all of the nurses’ concerns and he is satisfied that the majority of them have been resolved. “Contrary to what has been said in the press by some people, the 24-hour polyclinics is not a proposal, it is documented Government policy. “For the last several months, the unions and staff have raised several issues and one by one we have solved those issues. “From transportation to security as well as appointment of nurses, we have dealt with all of those issues,” Bostic said. He declared that he was taken aback by the nurses’ security concerns, as this was a matter which, he said, he used his military expertise to address. “We have certainly done everything possible and that ranges from electronic security to human resources as well as protocols and procedures with the Royal Barbados Police Force. So, I am satisfied that we have done everything that was asked of us and we are ready to commence the service.” The Minister insisted that the start of the round-the-clock clinics was vital to Government’s plans to improve the health service and therefore nothing was going to derail it. “This is a service that is vitally important not only because it eases the situation at the Queen Elizabeth Hospital’s Accident and Emergency [Department], but more importantly it gives this country greater capacity in terms of responding to national emergencies, so that we don’t have everything centralised within Bridgetown.” (BT)

TOUGH TALK – The Prime Minister yesterday used a global labour forum to denounce a “racist and xenophobic” world order, in which large and powerful nations contribute to the downfall of “dispensable”, small ones. Before the International Labour Organisation in Geneva, Switzerland, the PM pleaded with world leaders to guard against a “multipolar” system, in which power and influence are confined to the hands of a few. Referencing the current wave of migration confronting rich nations, she accused unnamed world leaders of practising hypocrisy. “The world has made a pact that it is not prepared to protect those that are most vulnerable among the global community of nations. “It is unfortunate because it reminds us of a world that was not prepared to see the most vulnerable of human beings a hundred years ago, namely the workers. “It is also the global insecurity, the continued willingness to believe it is okay to move capital, but it’s not okay for people to move and hence mass migration of labour is unacceptable to a world whether for xenophobic, racial or other reasons,” she said. Aiming at the threat posed by climate change, Mottley predicted that if the world failed to take note, developed countries could be further bombarded with “climate refugees”. She declared: “Within our own region, we have seen more than two-thirds of the population of Montserrat leave because of a volcano. “Two years ago we saw the whole island of Barbuda evacuated because of a hurricane. We have seen the country of Dominica lose 226 per cent of its GDP and significant dislocation of its population due to two hurricanes two years ago. “We speak from event to event and from institution to institution and even though politics is the art of repetition, it appears that neither politics nor morality is having any meaningful impact on those whose actions and voices can make that significant difference to the climate difficulties that we did today.” Mottley said she could not support a world, which is only prepared to protect the most powerful countries. She contended that core values of equity and justice were being eroded. She said: “In spite of the Universal Declaration of Human Rights and in spite of all who have died and all that we have fought for, that we should continue to think that it is okay to view a group of nations as dispensable or worse still, not to view them at all against the very threat that is perhaps the greatest threat since mankind has ever inhabited this earth. It is perhaps the greatest, most unfortunate aspect of our global affairs today.” (BT)

TAKE UP HYATT CAUSE! –Social activist and Ambassador to CARICOM David Comissiong is willing to fight any new application for a differently designed Hyatt on a bigger piece of land at Bay Street, The City. But he would like some other activist or any other institution to take up the mantle for such environmental matters. “The people of Barbados have to take an interest in environmental matters of this nature. This should not be seen as David Comissiong’s issue,” he said yesterday. “I am sending out a message to this society, to all of the relevant institutions – do your duty.” Comissiong singled out the Barbados National Trust, which he said “apparently dropped the ball” when it came to last week’s demolition of the home of National Hero Samuel Jackman Prescod. (DN)

BUSINESSES HELP REOPEN POLICE POST – The Police’s community outreach in The City has received a boost from corporate Barbados. Acting Attorney General Wilfred Abrahams today unveiled a reactivated police outpost at Lakes Folly which was refurbished by members of the business community. In praising the initiative, Abrahams said: “Time and time again it has been said that the Government cannot do it all. So, we are therefore heartened by this initiative and the continued commitment by corporate Barbados to assist law enforcement.” The Minister urged others within the private sector to follow this example, suggesting that the outpost at St Lawrence Gap could benefit greatly from such a private-public partnership. Abrahams said: “Other persons in the private sector should be saying to themselves that they too want to make a difference in their community. “There is one outpost here and there is another at St Lawrence Gap that could use this type of assistance. “However, there is no good reason why we should not have police outpost, not just in the areas that already desperately need them, but in areas where we can. This would prevent those areas from becoming areas that desperately need police presence.” The acting attorney general pointed out that community policing has always played an integral role in tackling crime and said the time had come for the return of this type of interactive policing. He declared: “When I was a child, we knew all of the police officers at these outposts by name. These officers were not fear figures, but they became extended members of the family. “We had incidents where parents turned up at the school with a collins (cutlass) for the teacher and the police were always able to respond quickly because they were always in the area. So, the presence of community police officers significantly aids the police in their rapid response.” (BT)

DISMISS THE CASE! – The fact that five young men have been languishing in jail for the past four years without a file being presented cannot be justice, charged attorney Angela Mitchell-Gittens. And despite an impassioned submission by her for the matter to be dismissed in the District ‘A’ Magistrates’ Court today, magistrate Kristie Cuffy-Sargeant denied the request. The five young men are among a group of eight charged with the August 6, 2015, murder of primary school teacher Dwight Holder. Rasheed Jabar Gittens, 20 and Akeem Adrian Gittens,19, both of Belleview Gap, Station Hill; Ayo Prince Bascombe, 24, of Headleys Land, Bank Hall; Adrian Antonio Watts, 41, of Windsor Road, Bank Hall; Brandon Damon Joseph, 22, of Beckwith Street, the City; Kemal Mario Straker, 20, of #15 Clapham Park, Nicholas Ricardo Clarke, 19, of 2nd Avenue Godding or Gooding? Road, Station Hill; and Rio Richian Jelani Benn, 23, of Upper Dukes Alley, Vine Street, The City, all in St Michael, have been charged with Holder’s murder. Rasheed Gittens, Benn and Bascombe have all been granted bail. When the men appeared in court today, prosecutor acting Assistant Superintendent Trevor Blackman said a voluntary bill of indictment was scheduled to go before Chief Justice Sir Marston Gibson tomorrow at 11:30 a.m. But an irate Mitchell-Gittens – who is representing Straker, Joseph and Rasheed Gittens – did not take kindly to the news, saying it was unacceptable that four years after her clients had been charged a file was yet to be presented. Furthermore, she contended that the prosecution had repeatedly offered up the voluntary bill as an excuse. “I would be comforted by those words except for the fact that I have heard them said many times before. “August 6, 2015 Dwight Holder lost his life. We are now in June of 2019. Apart from putting charge sheets in the hands of eight young men, nothing else has been done in this matter. His family must be wondering what is the state of justice in this matter,” Mitchell-Gittens pointed out. “And people want to know how people get bail for murder? This is how because we can’t charge people, send them to prison, forget about them and do nothing four years later.” The prominent lawyer said the long delay was not fair to either the deceased man’s family or the accused. “Your order on the last occasion was for the file to be brought here. You didn’t ask for a message, you asked for the file to be brought here. There is no file …no disclosure, but you charge eight young men with murder. Some of them are still in prison because we know how onerous High Court bail conditions are. They have spent four years in prison and not even the courtesy of an album, not even the most non-contentious statement has been served in this matter. That is the state of justice in Barbados,” Mitchell-Gittens said. “There is no justice for anybody to be had here, not for Dwight Holder’s family and not for these still in prison. I am inviting you to dismiss this case for want of prosecution. After four years, enough is enough, whatever the charge is…There is no justice in this matter for the deceased or his family. There is no justice for these eight young men, several of them have been incarcerated for the last four years and can’t get back any part of their lives that they spend in prison. “This is disrespectful behaviour, this cannot be the state of justice in the country. Where is the file, why have no documents been served?” she further questioned. Mitchell-Gittens reminded the court this was the fourth occasion she had asked for the matter to be dismissed. She maintained that while the charge was a serious one, it was unfair to expect accused persons to sit in jail until whenever the prosecution deemed it fit to present a file. “I am inviting you to dismiss this matter, let the public see what happens in Barbados. Let us see what happens to eight young men, black people children in this country, put a charge sheet in their hands and four years later, nothing. But the charge is murder so we must lock them up forever and when they come out, they come out. Nobody don’t care because once the police charge you that is the end of that,” Mitchell-Gittens proclaimed. “The time has come for you to dismiss it for want of prosecution and let the DPP, the police and whoever else do their jobs. When you charge people prepare the file, serve pre-trial disclosure in a timely manner.” After listening to her seven-minute submission, the magistrate ruled in favour of the prosecution and adjourned the matter until July 2. (BT)

PRISONERS’ WISH – Six murder accused went before the High Court today wanting to plead guilty to manslaughter. Included were three charged with two separate murders who now want to plead guilty to the lesser count. Murder accused Applon Ishmael Ithamar Parris, 27, of Taitt’s Road, Brittons Hill, St Michael who is charged with the March 26, 2018 stabbing death of Police Constable Shayne Welch told the court he was among those ready to admit to manslaughter. Brothers Chris Amal Lorde, 31, of No. 31 Newton Terrace, Christ Church and Eddisa Deon Mitchell, 23, of 2nd Avenue, Thomas Gap, President Kennedy Drive, St Michael, accused of the death of businessman Colin Forde, 50, who was gunned down on May 10, 2016 on the steps of his business at Baxter’s Road, The City also want to go a similar route. The three made their intentions known in the No. 2 Supreme Court this morning as the status hearings for inmates on remand at Dodds continued before Justice Randall Worrell for the second straight day. The men were among 20 who appeared at the Whitepark Road, St Michael court complex today. In Lorde and Mitchell’s case, Senior Crown Counsel Olivia Davis informed the judge that the brothers were scheduled to be arraigned to plead before the No. 5 Supreme Court on June 28 and she was preparing to indict their case. The men, who have Safiya Moore as their legal counsel, stated that they wanted to plead guilty to manslaughter. Applon meanwhile, told Justice Worrell his file was at the office of the Director of Public Prosecutions but he wanted to plead guilty to manslaughter. He also questioned whether he could plead to a serious bodily harm charge, which was committed to the High Court from the District ‘A’ Magistrates’ Court last year. In that case he is accused of causing serious bodily harm to Antonio Coco Todd on February 15, 2017 with intent to maim, disfigure or disable him or to cause some serious bodily harm to him. He will get another status hearing on July 31. Three other murder-accused also signalled intentions to plead guilty to manslaughter. Seventy-five-year Sylvester Nelson, who previously resided at a senior citizens home in Vauxhall, Christ Church told the High Court judge: “I am guilty for what I have done and I would like you to sentence me today.” However, he was informed that his matter needed to follow procedure in the form of an indictment. Attorney-at-law Angella Mitchell-Gittens, who is representing the accused as a friend of the court, informed Worrell that there was no file in Nelson’s matter and he would need to get legal aide. Meanwhile, there is an indictment in the capital case against Emmerson Hurdle, 46, of Gall Hill Land, St John, who says he has been on remand for the past seven years. “I would like to plead guilty to get it over it,” Hurdle stated but the judge made it clear “this was not a get over with it court”. Murder accused Floyd Leacock, 47, of Clifton Hill, St James was only charged in February this year and wished to plead guilty to manslaughter. However, his attorney Marlon Gordon informed the judge that his client’s case was still before the magistrates’ court at the sufficiency hearing stage. Gordon said now that he knows of Leacock’s intentions: “I will make every effort to have that facilitated”. Thirty-three-year-old Shane Ifill, of 4th Avenue New Orleans, St Michael who says he has been on remand for almost six years declared “I come here to plead guilty now sir”. He is on firearm and violent disorder charges. Three non-nationals were also among today’s group of 20. Crown Counsel Oliver Thomas was the second prosecutor at the sitting. However, 33-year-old Jamaican Bassonia McDermoth, who is charged for having counterfeit money, has already pleaded guilty and was just waiting on getting a pre-sentencing report done. Thirty-year-old Guyanese Andrew Mullins, who is facing cannabis charges, is in the same situation as McDermoth while Dave Peters, a 27-year-old from Arima, Trinidad who has been on remand for the past two years says he wants to plead guilty to drug charges. So far Justice Worrell has gotten information from 37 inmates and is getting ready to hear the status of the cases against 17 more tomorrow. (BT)

CONVICT PUT ON PAYMENT PLAN – A 19-year-old has been given eight months to pay back a woman for the damage he caused to the bonnet of her car. Not only that, Bridgetown Magistrate Kristie Cuffy-Sargeant has allowed for Kevon Odane Forde, of Upper Collymore Rock, St Michael to pay Clydette Jordan in instalments, the $1,635 in damages he caused. The unemployed teen must return to the No. 2 District ‘A’ Magistrates’ Court every month to pay $137 until the payment is completed. He is to reappear before the magistrate on July 19 to honour the first payment. Forde has been warned that he will spend 12 months in prison if he fails to pay the money for damaging the car on May 28. (BT)

GUILTY PLEA – A St Michael man owned up to a robbery charge in the High Court today after maintaining his innocence for the past four years. London Bourne Towers, Bay Street resident, Demareco Rico Murray had been adamant that he did not “rob nobody” even after the complainant had recognised him and picked him out of a police line-up. However, when he appeared before Justice Randall Worrell today he admitted to robbing Sherene Mussenden of a chain, a cellular phone and a handbag totaling $1,120 on June 2, 2015. Mussenden was walking home in the company of a male friend around 1a.m. along Beckles Road, the City when she looked back and saw three men running towards her, one holding a gun and wearing a mask, while the other two were crouching. They pounced causing her and the friend to run. One of the men grabbed her from the back, while the masked gunman put the weapon to her stomach and robbed her of her belongings. Mussenden contacted police after escaping into a neighbour’s house, Crown Counsel Oliver Thomas told the judge in outlining the facts. The prosecutor also revealed that Murray turned himself to police and was told about the robbery. “I ain’t know about nothing, I ain’t do nothing . . . I ain’t rob nobody,” he told police when questioned four years ago. He also declined to give a written statement to police. Thomas said none of the property was recovered. Attorney-at-law Angella Mitchell-Gittens, who represented Murray as a friend of the court, requested that his time on remand be read in and a probation report be compiled in preparation for sentencing. The judge agreed and made the order and Murray, who is not known to the court, was told to return before the No. 2 Supreme Court on September 20 when the sentencing phase of his case will commence. (BT)

WORRELL PLACED ON BOND – A general worker who pleaded guilty to criminal damage has been ordered to be on his best behaviour for the next 18 months. The bond was imposed on Junior Ricardo Worrell, of Odessa McClean Drive, My Lord’s Hill, St Michael today in the District ‘A’ Magistrates’ Court. If he breaches the order he will spend 12 months in prison. The 50-year-old admitted before Magistrate Kristie Cuffy-Sargeant to damaging a camera and window belonging to Sunshine Early Stimulation Centre on May 26. Prosecutor Kenmore Phillips told the court workmen were on the job at Perry Gap, St Michael when they noticed that the camera and window were damaged. A check was made of the CCTV footage and Worrell was seen hitting the property with a stick. The matter was reported and he was arrested. Asked if he had anything to say in his defence, the convicted man replied that he had already spoken to the owner who agreed to accept compensation. Worrell must pay the money by next Thursday. (BT)

SIR VIV BLASTS WINDIES – Iconic former captain Sir Vivian Richards has criticised West Indies’ “one dimensional” approach to their World Cup campaign and has slammed the lack of intensity shown in their defeat to Bangladesh last Monday. West Indies went down by seven wickets to Bangladesh in Taunton to suffer their third defeat in five matches, and remain on three points in seventh spot in the 10-team table. Their lone win came against Pakistan in their opener three weeks ago. The Caribbean side copped criticism for their persistence with the tactic of short-pitched bowling, which worked well against Pakistan and Australia but backfired against the Tigers, who completed their highest-ever run chase of 322 to win with 51 balls remaining. “There didn’t seem to be any planning where if this particular plan isn’t going to work then what about the plan B, plan C or whatever the case is. We are too one dimensional,” Sir Viv, who never lost a Test series as captain, told the Observer here. (DN)

NEW ZEALAND DEFEAT SOUTH AFRICA BY FOUR WICKETS – New Zealand captain Kane Williamson played one of the great World Cup innings to steer his side to a tense four-wicket victory over South Africa. Needing eight to win from the final over, Williamson swept the second ball for six to complete a majestic century. And he sliced the next away for four to see the Black Caps past their target of 242 with three balls to spare. He was aided by Colin de Grandhomme's superb 60 off 47 balls after the Kiwis had slipped to 137-5. South Africa squandered chances to remove both during an absorbing finale, including failing to ask for a review before replays showed Williamson had nicked Imran Tahir behind to Quinton de Kock on 76. De Grandhomme was caught at long-off trying to hit the first ball of the penultimate over for six but the unflappable Williamson took his side home, ending unbeaten on 106. With the match reduced to 49 overs per side because of a wet outfield that delayed the start of play by 90 minutes, South Africa posted 241-5 following Rassie van der Dussen's 67 not out and Hashim Amla's scratchy 55. Their circumspect approach on a tricky two-paced pitch was not quite enough though, with a fourth defeat in six matches effectively eliminating South Africa from semi-final contention. New Zealand remain unbeaten, with four wins and a no result in their five games so far, and move back to the top of the table. (DN)

PRIMARY STARS – The girls of Wesley Hall Primary and the boys of Ifill School jumped for joy as they celebrated as first-time winners of the second annual National Primary Schools Volleyball Competition played this afternoon at the Wildey Gymnasium. Wesley Hall Primary won the two best of three final 15-12 and 15-12 against Deacons Primary who fought well but were unable to stop the King Street, St Michael school led by most valuable player Theanny Herbert-Mayers. He will be attending Christ Church Foundation in September and is certain to add to that school’s sports programme. Rajae McCollin of Ifill School was adjudged most outstanding male volleyballer as he piloted his team to a 15-9 and 15-10 victory in the best of three sets showdown. (BT)

BASHMENT SOCA FINALISTS ANNOUNCED –There is no Stiffy and no Scrilla but there are eight new artistes, three females (Mara Rose, Sita and SugahRhe) and Guyana, St Lucia and St Vincent are represented. The Yello International Bashment Soca Monarch Competition had 25 semi-finalists who received 98 000 online votes. “These votes, added to the judges scores shows we are in for the biggest Bashment Soca competition ever”, said 4D Entertainment, producers of the event which takes place on July 6 at Pirates Cove. The voting took place over five days. In the finals are Blaze Anthonio (Guyana); Sita The Lyrical Diva (St Vincent); Subance & Mighty (St Lucia) and from Barbados are – Jagwa The Champ, King Bubba FM, Mara Rose, Marz Ville, Mole, SK, SugahRhe, UndaDawg and Walkes. The 2019 monarch will receive $60 000, which is $20 000 less than last year’s cash prize of $80 000. However, for the first time, there will be second and third place prizes in the competition, now in its fourth year. The second-placed artiste will receive $15 000, while the third will take home $5 000. The winners will all receive additional prizes and everyone who enters the competition will receive a performance fee. (DN)

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