6 Toros 6 http://6toros6.com/ Tue, 24 May 2022 15:01:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://6toros6.com/wp-content/uploads/2021/05/cropped-icon-32x32.png 6 Toros 6 http://6toros6.com/ 32 32 OTC Product News: May 2022 https://6toros6.com/otc-product-news-may-2022/ Tue, 24 May 2022 14:00:21 +0000 https://6toros6.com/otc-product-news-may-2022/ This month’s product news features beet gummies, nerve relief and acne blemish patches.

Beet Gummies

Manufactured by Garden of Life

Garden of Life has launched raspberry flavored Beets Gummies, which aim to promote energy and heart health. The gummies contain organic beetroot concentrate, apple juice and puree, raspberry puree, lemon juice concentrate, blackcurrant and tart cherry, plus vitamin D3 and vitamin B12 of plant origin. According to the company’s website, beet gummies contain nitrates to improve blood circulation and heart health. The gummies also aid in muscle growth and recovery and help build healthy blood cells. Organic and vegan gummies do not contain any genetically modified organisms.

FOR MORE INFORMATION:

gardendelavie.com

mask for healthy feet

Manufactured by O’Keeffe’s

O’Keeffe’s Healthy Feet Foot Mask intensely hydrates extremely dry, rough feet with visible results after just 1 use. The foot mask is non-greasy and unscented and works in 15 minutes by creating a protective barrier on the skin’s surface to lock in moisture and keep skin hydrated, according to O’Keeffe’s website. In addition to the foot mask, the company also offers a healthy foot exfoliator and a healthy foot night treatment.

FOR MORE INFORMATION:

okeeffescompany.com

Nerve relief

Manufactured by Nervive

Nervive Nerve Relief is designed to relieve nerve pain, discomfort and weakness associated with aging. The once-daily tablets contain α-lipoic acid, which helps relieve nerve pain and discomfort, while B-complex vitamins boost nerve insulation and improve neurotransmissions, according to the website. Nerves. Relief begins in about 14 days. The company also claims that after 4 weeks, α-lipoic acid has been shown to reduce nerve discomfort by over 50%.

FOR MORE INFORMATION:

nervivehealth.com

Hydro Seal Non-Medicated Acne Patch

Manufactured by Band-Aid

Band-Aid Acne Patches are designed to cover and protect blemishes and pimples. The hydrocolloid patch absorbs the liquid from the stain and forms a white bubble. The non-medicated patch has been dermatologist tested and shown to provide comfortable wear and optimal healing. To use the patch, cleanse the skin and dry it before application. Leave it for 8 hours or overnight. The patches should not be used on severe or cystic acne, or on deep or infected acne wounds.

FOR MORE INFORMATION:

band-aid.com

]]>
Quantumania’ Provides the Perfect Redemptive Arc for Hannah John-Kamen’s ‘Ghost’ – Black Girl Nerds https://6toros6.com/quantumania-provides-the-perfect-redemptive-arc-for-hannah-john-kamens-ghost-black-girl-nerds/ Mon, 23 May 2022 21:53:35 +0000 https://6toros6.com/quantumania-provides-the-perfect-redemptive-arc-for-hannah-john-kamens-ghost-black-girl-nerds/

The post-credits scene of 2018 Ant-Man and the Wasp saw Scott Lang return to the Quantum Realm to retrieve quantum healing particles for Ghost, the film’s antagonist. These particles were meant to heal her quantum mutation and her imbalanced molecular structure and balance that we are slowly killing her. Moments later, when Hank Pym and Hope van Dyne were supposed to pull it off, the Snap happened, and the rest is history.

This raises important questions as to what happened with Ava Starr, aka Ghost, a character played by the talented Hanna John-Kamen. Unfortunately, while 2019 End of Game wrapped up over a decade of cinematic stories, even the three-hour epic could tackle all the little mysteries of the MCU, including the whereabouts and well-being of Ava Starr. with the next Ant-Man and the Wasp: Quantumania Slated for release in 2023, as part of the MCU’s Phase Four, we wonder what happened to Ava and will she make an appearance?

We must stress that we will only be discussing the character of Ghost as seen in the MCU. The MCU’s version of Ghost is very loosely based on the comic book version of the unnamed male villain of the same name and powers, but an entirely different origin story. In 2018 Ant-Man and the Wasp, we saw Ava as the sole survivor of an incident involving a quantum tunnel that killed her parents and flooded her with quantum energy, rendering her intangible.

Long story short, she ended up being taken in and trained by SHIELD as an operator, and the organization built her the Ghost Suit, which allowed her to slip between intangible and solid states, promising to find a way to cure it. However, due to the prolonged suffering caused by her quantum mutation and displacement, Ava became a hardened and extremely vicious person and after the collapse of SHIELD, Starr’s condition began to deteriorate, so she went after the best thing to find the cure SHIELD was. never gonna deliver – Hank Pym.

The main premise, at least from the ghost’s point of view, was to use Janet van Dyne’s quantum energy to permanently fix her displacement. This makes her an antagonist by the necessity of having to fight for her own survival. She doesn’t want to hurt anyone and grab any cosmic power for herself; she’s just trying to heal her imbalance by any means necessary. As such, she is more of a human obstacle to the film’s protagonists than a menacing force bent on causing death and destruction.

At the end of the film, after Janet van Dyne is finally rescued from the Quantum Realm, she can sense Ava’s quantum displacement and uses some of her own quantum energy to partially heal her. To fully heal Ava, however, Scott must return to the Quantum Realm to retrieve Quantum Healing Particles that were meant to cure her Quantum Mutation and imbalanced molecular structure and balance. And then the Snap happened, and Scott got stuck, leaving us wondering what happened to Ghost?

The good news is that Marvel hasn’t forgotten about her but has chosen not to disclose her fate and whereabouts in between. End of Game and any potential future appearances. It is currently unknown if Hannah John-Kamen will reprise her role as Ava Starr in the upcoming Ant-Man and the Wasp: Quantumania, but the actor revealed that Ghost is still alive in the Marvel Cinematic Universe after the events of Endgame. But what happened to him during the five-year intrigue between Infinity War and End of Game?

Well, several things could have happened with Ava, and the least painful would be that she slipped away with half the life in the universe when the Hulk Inverted. End of Game. This would mean that she is still under the influence of Janet van Dyne’s quantum healing energy, giving her enough time for Scott to take another trip to the Quantum Realm and bring back another batch of Quantum Particles from healing.

Marvel deliberately didn’t specify how much time Janet’s fix gave Ghost, and for all viewers know, it could be anywhere from a few more days to a few more years. This would allow Marvel to adjust the character’s story arc to fit the overall narrative. It also opens up the possibility that Ava was not caught on camera and spent time waiting for Scott to return. We know that she did not succumb to her illness; otherwise, she wouldn’t be alive after the events of End of Game.

Unfortunately, not much is known about the next And-Man and the Wasp: Quantumania, including whether Hannah John-Kamen will reprise her role in the third installment of the The ant Man film series. Evangeline Lily and the rest of the famous cast hailed the script as the best yet. Considering Jonathan Majors’ reported appearance of Kang the Conqueror and Bill Murray’s undisclosed villain role, if Ghost were to return for the next movie, she’d likely be a reformed villain.

]]> British Columbia revamps natural gas and oil royalty system https://6toros6.com/british-columbia-revamps-natural-gas-and-oil-royalty-system/ Mon, 23 May 2022 13:45:46 +0000 https://6toros6.com/british-columbia-revamps-natural-gas-and-oil-royalty-system/

British Columbia (BC) has unveiled a revamped oil and natural gas production royalty system that would replace a patchwork of complex incentives with a flat rate of 5% on all wells until that the costs are fully paid.

Decreasing royalties on paying wells would vary from 5% to 40%. Rates would be determined by prices obtained in various markets for oil, condensate, natural gas and liquid by-products. For new boreholes, the reform takes effect on 1 September. For producing wells, the change takes place on September 1, 2024.

“This new system is long overdue and will replace an outdated system that has been in place for almost three decades,” said BC Energy Minister Bruce Ralston.

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to LNG Insight.]

Upstream activity increased in the Montney gas shales in British Columbia and Alberta.

Ralston, along with B.C. Premier John Horgan, pointed out that the royalty reform package would scrap a 19-year-old deep-well incentive program that environmental critics attacked during the public consultation for the new system.

“For too long, a flawed system of fossil fuel subsidies has failed to align with our climate goals or ensure people fully benefit from these resources,” Horgan said.

The policy change sets a revenue sharing target of an equal 50-50 split between industry and government for sliding scales of royalty rates that would be levied after cost recovery.

Exploration and production executives urged Canada to be more proactive in seizing new liquefied natural gas export opportunities.

British Columbia’s revamped royalty system includes “land healing and emissions reduction pools.” This would allow producers who accumulated unused credits against royalties from the old system to transfer the profits to accounts dedicated to cleaning up oil and gas fields.

The details of the reform have yet to be worked out through further negotiations, which would include the participation of representatives from industry, government, first nations in northeastern British Columbia, environmental groups and others.

“Additional engagement with oil and gas stakeholders will take place during the summer of 2022 to further develop and define the allowable cost policy and the amounts contained in the drilling and completion amount,” said the Department of Energy.

With variations tailored to British Columbia conditions, the new system parallels Alberta’s revenue structure for provincially owned Crown oil and gas resources.

“A specific cost policy is being developed that will take into account costs associated with gathering and processing, as well as drilling and completion,” said the British Columbia Ministry of Energy. . The details of the environmental program remain negotiable.

The reform plan follows a finding last fall that “the royalty system for natural gas and oil is broken”, according to a report commissioned by the government. “These are piecemeal modifications of a system that was designed for a different era with different risk, technology and market conditions.”

In combination with periods of low commodity prices, an array of deep, marginal, ultra-marginal and low productivity sink deductions. as well as a Clean Growth Infrastructure Incentive Plan. have limited provincial royalty revenues and complicated collection.

The Canadian Association of Petroleum Producers said its “initial assessment” showed that British Columbia “has modernized its system to align and remain competitive with other jurisdictions by September 2024.”

]]>
Live Updates: Russia’s War in Ukraine https://6toros6.com/live-updates-russias-war-in-ukraine/ Mon, 23 May 2022 06:39:00 +0000 https://6toros6.com/live-updates-russias-war-in-ukraine/
Ukrainian President Volodymyr Zelensky speaks during his evening speech on Sunday. (Youtube/Office of the President of Ukraine)

Ukrainian President Volodymyr Zelensky announced Sunday a “historic” joint customs control with Poland, stressing that “the unity of Ukrainians and Poles is a constant that no one will break”.

“A solution has been found that is revolutionizing the order on our border,” Zelensky said during his nightly video address. “We are introducing joint customs control with Poland. This will significantly speed up border procedures. This will remove most corruption risks. But it is also the beginning of our integration into the common customs area of ​​the European Union. historical process.”

Zelensky’s comments followed Polish President Andrzej Duda’s visit to Kyiv earlier in the day. Duda also underlined the unity between the two countries by becoming the first foreign leader since the Russian invasion to address Ukraine’s parliament, the Rada.

Zelensky described Ukrainian-Polish relations as “finally on a completely clean and sincere basis, without any quarrels or the legacy of old conflicts. This is an achievement – the historic achievement of our people. And I want brotherhood among Ukrainians and the Poles will be preserved forever. As I spoke to the deputies today, our unity of Ukrainians and Poles is a constant that no one will break.”

Zelensky also said he signed a decree establishing a new award “to thank the cities of partner countries that have helped the most. And Rzeszow became the first such city. The saving city. It’s fair to say.”

The Ukrainian leader also announced the preparation of a draft law which will mirror the law adopted in Poland on Ukrainian citizens who have sought refuge in Poland and who “have legally had the same opportunities as Poles”.

Nearly 3.5 million Ukrainian refugees have entered Poland since the Russian invasion in February, making it by far the largest host country for people fleeing the country, according to the United Nations High Commissioner for the refugees.

“It will be the right move to pass such a law in Ukraine,” Zelensky said. “Let’s make sure that Polish citizens never have to resort to such a law. But let’s show our gratitude and respect.

The Ukrainian leader also said he had spoken with British Prime Minister Boris Johnson and “discussed ways to increase the volume of our exports, especially agricultural products. As well as the volume of fuel imports to Ukraine”.

]]>
CoinLoan offers lavish APY rates to mark the introduction of Solana https://6toros6.com/coinloan-offers-lavish-apy-rates-to-mark-the-introduction-of-solana/ Sun, 22 May 2022 22:43:04 +0000 https://6toros6.com/coinloan-offers-lavish-apy-rates-to-mark-the-introduction-of-solana/

In a context of strong consumer demand, CoinLoan expanded its offering with Solana (SOL), one of the largest cryptocurrencies by market capitalization. This blockchain is growing rapidly, with SOL widely used as a staking tool and transaction fee. To mark the new offer, CoinLoan, an EU-licensed crypto lending platform best known for its unique service of providing fiat-to-crypto loans, is offering an attractive introductory offer in the first month of operation. ‘use.

Users who maintain interest-bearing accounts with SOL deposits are eligible for a 2% increase in APY for the first month. In addition, current holders of CLTa native CoinLoan token, will enjoy a 9.2% increase in annual percentage yield.

Solana is now available in all major CoinLoan products:

  • SOL can be used as collateral in instant loans in USDT, USDC, BUSD, TUSD, PAX, EUR, GBP, BTC and WBTC;
  • SOL can be converted to crypto or fiat on the Crypto Exchange;
  • SOL can be held on an interest account with up to 12.3% APY.

Commenting on Solana’s introduction, CoinLoan CEO Alex Faliushin said the company is always listening to private and corporate customers and aims to expand its offering with new digital assets. He explained CoinLoan’s vision of cryptocurrencies as a widely traded and easy-to-use investment asset, and this vision is achieved through three core products and continuous innovation. Alex expressed his great pleasure with the introduction of SOL, naming it one of the largest cryptocurrencies in the world by market capitalization that can provide customers with more options and benefits.

SOL is a native coin of Solana, a blockchain that supports smart contracts and enables fast, low-cost transactions. It uses the improved Proof-of-History (PoH) algorithm, taking conventional PoS to a new level.

Currently, there are over 25 digital assets, both cryptocurrencies and fiat, offered at CoinLoan, and this range is constantly being expanded for the benefit of users. CoinLoan was created by crypto enthusiasts who aim to be an integral part of the modern crypto ecosystem and want to share that desire with like-minded people. It is arguably an ideal platform for both new and existing users. The continuous improvement of services and products, from the addition of new coins to the introduction of unique features such as crypto-fiat loans, paves the way for a bright future for the company and its customers.

About CoinLoan

Launched in 2017, CoinLoan is a licensed crypto project in the European Union. The platform provides instant loans with crypto assets as collateral, interest account in crypto transactions and Crypto Exchange. Individuals and businesses have access to the full range of services, except as limited by applicable laws. Ensuring bank-grade security is CoinLoan’s top priority, so businesses and individuals can enjoy the highest level of protection.

Customer loyalty and satisfaction are achieved through great loan and APY rates, transparent pricing, and dedicated 24/7 support. CoinLoan users can trade and manage a wide range of assets, including platform-native tokens and fiat currencies, with more to be added soon.

CoinLoan places great importance on continuous innovation while using cutting-edge technology and developing partnerships. In this way, the company introduces constant improvements and offers its customers many opportunities in the field of crypto.

More information is available at https://coinloan.io/, and you can also follow us on

Twitter
LinkedIn
Facebook
instagram
Reddit

]]>
137 species of native plants for the recovery program https://6toros6.com/137-species-of-native-plants-for-the-recovery-program/ Sun, 22 May 2022 10:56:54 +0000 https://6toros6.com/137-species-of-native-plants-for-the-recovery-program/

Sabah Unduk Ngadau, Maya Hejnowska hands over the seeds to Jeffrey at the launch of the SSR program.

PENAMPANG (May 22): A total of 137 native plant species have been collected from 25 districts in Sabah under the Seed’s Spiritual Revival (SSR) programme.

The program aims to collect seeds or cuttings of food crops or any plants deemed useful to humans as herbs or medicines that are endangered or near extinction for the purpose of rebirth and regeneration .

Deputy Chief Minister Datuk Seri Panglima, Dr Jeffrey Kitingan, said native plants are neglected despite their uses and importance in the local community, some of which are threatened with extinction, due to the race between breeders of plants from around the world to produce super varieties, including genetically modified organisms (GMOs).

Therefore, Jeffrey said that he instructed the main committee of the Kaamatan festival at the state level to include SSR with the aim of reviving the native species in the form of seeds, cuttings or saplings.

He said the selection of seven plant species from each district shows the commitment of local communities based on “the seven united souls” which is in line with the ceremony of honoring the spirit of the paddy, Bambarayon, during the harvest festival.

“Seeds, cuttings or saplings harvested from the neighborhoods will be given to the next custodian to preserve the plants to prevent them from becoming extinct and develop their uses for future generations.

“Sabah Department of Agriculture is selected as the next custodian based on its functions and expertise,” he said at the launch of the SSR program in conjunction with International Biodiversity Day here on Sunday.

Jeffrey hopes the program will continue because there are many native plants in villages or forests that have not yet been exploited.

He also requested that the seeds taken from their original habitat be recorded and shared with the Sabah Biodiversity Center for future reference.

“All seeds for traditional use, such as medicines passed down from generation to generation, should be recorded orally with prior informed consent (PIC) to preserve community ownership and intellectual property,” said he added.

Meanwhile, SSR committee chairman Gundohing Janie Tating@Paulus said the aim of the program was to identify, collect and preserve food crops or medicinal plants that are threatened with extinction.

At the same time, he hopes the program will instill a sense of ownership in local communities towards the plants that can be found in their respective neighborhoods and benefit them.

He hopes that the plant species collected and handed over to the Department of Agriculture as the next custodian will be preserved, propagated and further studied to develop the plants.

“The Department of Agriculture’s effort is in line with Malaysia’s National Plant Conservation Strategy, which plays a role in conservation activities for various plant species and as a gene bank for plants.”






]]>
The candidates make their final speeches as voting begins in Australia’s most marginalized electorate, Macquarie | Blue Mountains Gazette https://6toros6.com/the-candidates-make-their-final-speeches-as-voting-begins-in-australias-most-marginalized-electorate-macquarie-blue-mountains-gazette/ Sat, 21 May 2022 01:00:03 +0000 https://6toros6.com/the-candidates-make-their-final-speeches-as-voting-begins-in-australias-most-marginalized-electorate-macquarie-blue-mountains-gazette/

Labor and Liberal candidates from Australia’s most marginalized constituency, Macquarie, delivered their final speeches to voters on Saturday morning.

Incumbent Labor MP Susan Templeman voted in her hometown of Winmalee, pushing issues of climate change, elderly care, childcare and health.

Liberal Party challenger Sarah Richards was in East Blaxland when voting began and centered her final speech on the government’s handling of the economy.

Ms Richards planned to vote in Glenbrook later today.

Both candidates said they felt hopeful and optimistic.

“I’m really hopeful that this election will not just see me go back to Macquarie, but will see an Albanian Labor government because this country really needs a change,” said Susan Templeman.

She urged undecided voters to consider a range of issues when casting their ballot.

“For me, this election is about a few things. It’s about finally taking action on climate change that’s going to make the place we live in easier to live in. It’s about having a government that takes vulnerability to that we are facing and therefore taking steps to prepare for the natural disasters that we know we are going to see,” she said.

“It is also a chance for us to improve care for the elderly so that people there are treated with respect; to have cheaper childcare and to allow women to come back and to work when they want; and to make sure in the meantime that people’s health is protected because we have a good health insurance system.”

Talk to Gazette in East Blaxland shortly after voting began, Sarah Richards said she felt “optimistic and hopeful that Macquarie would be ready to go Liberal again and of course keep the coalition in government”.

She urged undecided voters to think about the economy.

“Think about the economy and think about our future,” she said.

“I think over the past few weeks the Coalition has had a stronger message on the economy which of course equates to hip pockets and the cost of living for people…Labour policies on 151 seats in Australia show that we will be more indebted [if they are elected] and I think people have to consider that somebody has to pay for that.”

With the Macquarie seat comprising liberal-leaning Hawkesbury and Labour-leaning Blue Mountains, both candidates also had messages for rusty voters from the main parties that they would like to see their votes changed.

“My message to them is that you get a vote on this show and that’s who represents you and your local community for,” Ms Templeman said.

“I would encourage them [Liberal voters] put aside the eternal patterns and take a chance, and know that in three years, if they don’t like what I’m doing, or what any government is doing, that’s when they’ll have a another chance to have their say.”

Sarah Richards has asked Labor voters to consider backing the Morrison government.

“Please consider it. You have a very difficult choice before you this time. I think the choices couldn’t be further apart. The choice of a government that knows what it’s doing and that we got through a pandemic, [and] has a plan to move forward, versus a Leader of the Opposition who frankly doesn’t even know his own policies… It’s a choice I’d like them to think deeply about,” said she declared.

Macquarie’s seat is the most marginal in the country, with Labor’s Susan Templeman holding it by a margin of 0.2%.

]]>
Georgia’s high-stakes primaries, by the numbers https://6toros6.com/georgias-high-stakes-primaries-by-the-numbers/ Fri, 20 May 2022 22:32:00 +0000 https://6toros6.com/georgias-high-stakes-primaries-by-the-numbers/ Next Tuesday, five states will hold primary elections. But it is Georgia that will be in the center of the spotlight, hosting top-level racing throughout the ballot.

Here are seven key numbers shaping the contours of next week’s battles in Georgia:

* 50% +1: This is perhaps the most important number to keep in mind ahead of May 24. If no candidate for a Georgian primary garners more than 50% of the vote, the top two candidates in the race will advance to the second round on June 21.

* 72%: The marquee race in Georgia on Tuesday pits GOP Gov. Brian Kemp against main challenger David Perdue, the former senator backed by former President Donald Trump. Despite repeatedly drawing fire from Trump for not supporting his bogus claims of voter fraud in the 2020 election, Kemp has remained a popular figure in the party. A recent Fox Poll found that 72% of Republican voters view Kemp favorably, compared to 56% for Perdue. The survey also showed Kemp leading Perdue 60% to 28% – putting the incumbent above the runoff threshold.
* $12.3 million: One of the reasons Kemp built such a formidable lead: he enjoyed a major on-air advantage. According to an analysis of AdImpact data from CNN’s David Wright, pro-Kemp forces spent $12.3 million on ads for the primary. That’s almost double the $6.4 million spent by pro-Perdue forces. And Perdue’s campaign saw $0 in ads for the campaign’s final week.

* 1: There is no drama on the other side of the gubernatorial race: Stacey Abrams is the one and only Democratic primary candidate. If Kemp wins the GOP primary, it would set a rematch of the state’s controversial 2018 gubernatorial race — and be one of the most contested races of the 2022 midterms.

* 66%: Speaking of hotly contested races, Georgia will also top the list in the battle for control of the US Senate. On the Republican side, Herschel Walker — with support from Trump and GOP leaders in the Senate — appears to be on the way to victory on Tuesday. In the last Fox Poll, he was at 66% in the primary race, up 58 points on his closest competitor. This would provoke a clash with Democratic Senator Raphael Warnock, who won the seat in the January 2021 runoff election.
* 3: A primary for secretary of state would typically fly well below the national radar. But not in Georgia. Trump has his sights set on incumbent Brad Raffensperger, who refused to go along with the then-president’s efforts to “find” votes to overturn the state’s 2020 election results. Raffensperger faces three main Republican challengers on Tuesday, one of whom, Representative Jody Hice, is endorsed by Trump.
* 9: Few states have caught Trump’s attention more this primary season than Georgia as he seeks to exert influence on the GOP. The former president issued endorsements in nine GOP primaries, standing in three House races and six statewide races — including for fire and safety commissioner, as part of his feud with Kemp.

* 710 137: That’s the number of people who voted early in the state through Thursday, which is a record, according to the Georgia secretary of state’s office. It marks a 180% increase from the same point in the early voting period in 2018 and a 149% increase from 2020. Early voting in Georgia ends Friday.

Point: Georgia’s primaries will shed more light on the direction the Republican Party wants to go – and set up a critical general election in the battleground state.

]]>
Federal Reserve Watch: New Regime Won’t Be Easy https://6toros6.com/federal-reserve-watch-new-regime-wont-be-easy/ Fri, 20 May 2022 20:21:00 +0000 https://6toros6.com/federal-reserve-watch-new-regime-wont-be-easy/

lucky photographer/iStock via Getty Images

The Federal Reserve seems increasingly comfortable with its current “tightening” mode.

The signal for the summer is that the Fed will raise its policy rate range by 50 basis points in both in June and July.

This would bring the top of the political range to 2.00%.

How far will Fed officials go is another question?

Some analysts believe that a good estimate is somewhere between 2.00 and 3.00%.

Yet others think the rate will go as high as 6.5%.

Some analysts even think it’s not even high enough.

Of course, the problem is that no one really knows where the policy rate should peak.

Fed Chairman Jerome Powell, being very honest, said on Tuesday,

“Officials don’t know with ‘no confidence’ where the neutral is.”

The process as it currently stands is as follows.

The Federal Reserve will choose a target range for the federal funds rate and then see what it takes to keep the rate within that range.

If inflation does not appear to be receding to this level, then the Fed will need to reassess the situation and perhaps move the range up.

This iterative process could continue for some time. The Fed just doesn’t want to fall any further behind the “catch up” process it now feels itself in.

Federal moves

The Federal Reserve is now in a new policy mode.

Beginning in April 2020, the Federal Reserve focused on balance sheet and market liquidity.

At that time, the Federal Reserve pledged to purchase, outright, $120.0 billion of securities each month.

The concern was that the banking system and financial markets faced such a significant threat from the spread of the covid-19 pandemic and the economic recession that the Fed needed to do everything it could to ensure that there was enough liquidity in the system to prevent a major disaster from occurring.

Thus, the main objective of monetary policy was the monthly purchases of securities.

But, there was a side story that Federal Reserve officials were watching.

Federal Reserve officials did not want the effective federal funds rate to fall below zero.

The Fed has primarily used reverse repurchase agreements to maintain the positive stance of the fed funds rate.

Throughout 2020 and into 2021, so much liquidity has been injected into the banking system that the use of reverse repurchase agreements has increased. By the end of 2021, the volume of repos on the Fed’s balance sheet was approaching $2 trillion.

But, by the end of 2021, the threat of inflation was forming, and Federal Reserve officials began to “cut” its monthly purchases.

In September 2021, the Fed locked in the effective federal funds rate at 0.08% and held that rate until March 2022, when it oversaw the increase in the effective federal funds rate to 0.33%.

The Fed’s monetary policy was changing.

The Fed now sets the key interest rate and then manipulates its balance sheet to keep the fed funds rate on target.

It seems that this will be the political procedure in the near future.

On May 5, the effective federal funds rate rose to 0.83%.

Balance sheet movements

Since March 16, 2022, when the Fed made its first rate change this year, the Federal Reserve has added only about $14.0 billion of directly purchased securities to its portfolio.

But reserve balances with Federal Reserve Banks, an indicator of excess reserves in the commercial banking system, fell by about $600.0 billion.

The apparent necessity for this decline in reserve balances is that it put pressure on the commercial banking system to increase the effective federal funds rate.

And, I would say that’s the kind of balance sheet behavior that we’re going to see as we head for more Fed monetary policy tightening.

The plan…

First, the Fed will increase the range of the key interest rate.

Second, the Fed will adjust its balance sheet so that reserve balances with the Federal Reserve Banks decrease, supporting the hike that the Fed has just made in its key interest rate.

How, exactly, the Fed will resolve this is unknown at this time.

My guess is that the Fed will reduce its balance sheet over time by combining maturing securities off the Fed’s balance sheet and reducing the amount of reverse repurchase agreements that are still on the balance sheet.

This will be a practical matter as far as the Fed is concerned and the amounts will be determined by the maturity composition of the Fed’s securities portfolio and the ability to reduce reverse repos.

Thus, the Fed will continuously monitor changes that occur on the Fed’s balance sheet.

To advance

It will not be an easy task.

There can be a lot of bumps along the way.

For example, what will the Fed do if there is a significant drop in stock prices?

Additionally, there appear to be many sectors of the economy experiencing dislocations and other imbalances that could cause difficulty in achieving a “soft” landing.

We just read this morning about the weaknesses being felt in the subprime lending space.

Then there are other areas that I have just written about recently, such as the problems encountered in special purpose acquisition companies, SPACs.

The Fed’s financial largesse over the past two years has led to the discovery of many areas of the market where potential problems have been uncovered.

What will the Federal Reserve do if something seems to be falling apart in these areas?

So next year will not be easy.

Many fear that Mr. Powell and his colleagues at the Fed are doing what they have done in the past, which is to err on the side of monetary stimulus to avoid any “surprise” disruption.

Mr. Powell is talking very loudly right now. In general, it seems that the position he takes is appreciated by the investment community.

We’ll see what happens when the real pressure is applied.

]]>
A new model for a new era https://6toros6.com/a-new-model-for-a-new-era/ Fri, 20 May 2022 14:00:00 +0000 https://6toros6.com/a-new-model-for-a-new-era/ Opinions expressed by Entrepreneur the contributors are theirs.

The primary use case for cryptocurrency was to replace traditional fiat currency. Printed on Bitcoin’s genesis block was a message about how banks were bailed out after the stock market crash, a clear indication of the intent of this new technology. A similar post was repeated in 2020, although fewer people are aware of this later reference to money printing.

Although the use cases have expanded considerably, it still remains a central goal of cryptocurrencies and NFTs. It offers wealth generation mechanisms unmatched in the mainstream investment industry and has provided all classes of investors with a means to build lasting wealth. It also offers possibilities of microfinanceto bank the unbanked and to help those in emerging markets establish themselves financially.

All of this is happening outside of the controlled, centralized and inherited banking sector, which has often prevented the many from acquiring wealth and allowed the few to keep it.

The challenges of centralized banking

The problems contained in the traditional banking model are far too numerous to list in a single article. But it is obvious that it promotes the centralization of wealth and allows a few key individuals to hold not only financial power, but also significant political power. All this centralization of power can result in a devastating resolution like war. The banking system and the system of political governance are inexorably linked.

On an equally worrying note, banks are responsible for determining whether or not you get a mortgage and at what price. Even so, they are known to shift customers to higher rates to earn more profit while cheating their customers. They determine loans of all kinds. Accounts can be frozen for activities that violate their terms and conditions. Redlining is a policy where lenders identify minority groups that are more likely to default on loans and mortgages. Those of particular ethnic origins have worse rates, almost a form of institutional racism.

Fiat interest rates are now effectively negative when all fees are taken into account. If you pay $10 a month to store your money and earn $0.50 in interest, you’re still paying for the privilege of having an account (although it’s not marketed as negative interest). At one time, those who put money in a fiat bank account were rewarded, as is the case in all organic systems of economic investment such as cryptocurrency.

Opening an account is difficult and there are tons of red tape associated with all sorts of financial activities, which are intimately linked to the traditional banking sector. The charges and fees are extremely high compared to what is offered. Even if you get rich, it will be very slow and you will pay dearly for every dollar you earn.

Read more: Web3 could see its own internet boom. Here’s how to survive

Create sustainable wealth with Web3 solutions

A number of innovative Web3 projects are providing mechanisms that can allow people to safely invest in cryptocurrencies and build sustainable wealth for the future, in a shorter time frame. Right now, although the crypto markets are growing year on year, most investing is done on guesswork. There is no reliable metric to assess what makes a piece or project with powerful long-term viability.

New projects like Challenge the trends offer a solution by assigning each coin a score based on a number of reliable metrics including social sentiment, on-chain data, off-chain data, and in-depth web analytics. It’s exactly what individuals and businesses need to build diversified portfolios of strong Web3 businesses and projects. It provides advanced traders and novice investors with a framework to objectively analyze the value of tokens.

This will contribute to long-term wealth creation and can also contribute to the preservation of currency. Tools like this perform due diligence so investors don’t get scammed, which is all too common in the crypto markets. The first lesson in preserving wealth is to learn how to keep it and then grow it safely. Traders and investors need help interpreting the crypto markets correctly to preserve and grow long-term wealth.

Other companies like Circle and CoinsPaid help existing businesses make a seamless transition to cryptocurrency in a cost-effective way. They offer businesses a quick way to integrate with cryptocurrency while preserving existing processes, so there is no business disruption. All customers receive a ready-to-use self-branded crypto payment processor within one month. It allows instant payment in over 30 cryptocurrencies and provides an integrated exchange for 20 fiat currencies. This is the power of blockchain at work.

Read more: Become a Web3 programmer at your own pace

Vast Wealth Opportunities

Web3 companies like this are instrumental in the transition from traditional banking to modern cryptocurrency. Bureaucracy is avoided, efficiency is improved, transfers are fast and immutable, and cross-border payment is effortless when using distributed ledger technology.

But the benefits extend beyond that into completely new investment paradigms. The real estate market, currently saturated by a small number of wealthy elites, is reopening in a different way. There are VR-enhanced metaverses where you can buy your own “space” and sell NFTs through it. The music industry is also being redefined with concerts that can be attended virtually, with recording artists being paid in crypto.

The NFT market has already exploded, with a collection sold for $69 million, although these are only digital artworks. There are also multiple opportunities in decentralized finance such as yield farming and cross-chain liquid staking, invented by Anchor. These can be compared to financial derivatives in the crypto market. Any financial tool from the traditional banking industry can be easily integrated with a blockchain and streamlined for optimal results.

Read more: 3 Reasons Why Web3 Needs Protocols, Not Service Providers

Retain ownership of acquired wealth

The new Web3 investment model does more than reopen access to existing markets. It creates entirely new paradigms and new forms of wealth generation and preservation.

Perhaps the biggest benefit is that Web3 will allow you to preserve the wealth you have already built up. No one but you has access to your crypto wallet, unlike a bank account which you only have a “right” of access to.

In traditional banking, your currency will be gobbled up or effectively stolen by charges, fees, inflation, taxes, and the many other creative ways in which centralized finance takes what’s yours and confiscates it. This is what I call the poor man’s tax. The money we have to pay when we have no money. It does not mean anything. It doesn’t seem like society should be able to operate that way. But there is hope.

Read more: Web3 is the future of the creator economy

]]>