Finance Contract – Glw Drk http://glwdrk.com/ Thu, 23 Sep 2021 17:45:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://glwdrk.com/wp-content/uploads/2021/07/icon-1-150x150.png Finance Contract – Glw Drk http://glwdrk.com/ 32 32 What happens to options when a stock splits? http://glwdrk.com/what-happens-to-options-when-a-stock-splits/ http://glwdrk.com/what-happens-to-options-when-a-stock-splits/#respond Thu, 23 Sep 2021 16:53:17 +0000 http://glwdrk.com/what-happens-to-options-when-a-stock-splits/ Stock distribution graph An investor who holds call options on a dividing stock will end up owning more options on the stock. However, having more options will not increase the value of the options. This is because the price of the underlying stock will fall when the stock divides. The variation in the share price […]]]>

Stock distribution graph

An investor who holds call options on a dividing stock will end up owning more options on the stock. However, having more options will not increase the value of the options. This is because the price of the underlying stock will fall when the stock divides. The variation in the share price is directly linked to the number of new shares that will be issued during the demerger. A 2-to-1 split would reduce the value of a share from $ 10 per share to $ 5 per share. There are other events related to actions that can affect options. Consider working with a Financial Advisor when you continue to trade options or other types of derivatives.

Understanding stock splits

When an action divides, shareholders get additional actions. For example, if a company declares a 2-to-1 split, then an investor with 100 shares will own 200 shares. To account for stock splits, the price of the shares affected by the splits is adjusted. For example, if a stock traded at $ 10 is split two-for-one, the price would drop to $ 5.

To account for stock splits, the price of the shares affected by the stock splits is adjusted. For example, if a stock traded at $ 10 is split 2 to 1, the price would drop to $ 5.

Understand options and stock splits

For example, a call option is a contract that gives its holder the right but not the obligation to buy a share at a certain price per share, called the strike price. Put options give their holder the right to sell a share at a defined strike price. The option contract also specifies an expiration date. Each option issued normally covers 100 shares of one share.

A call option becomes more valuable if the price of the shares it covers exceeds the strike price. If the market price of the shares falls below the strike price, the option loses its value. For example, a call option giving an investor the right to buy shares of a company at $ 5 becomes more valuable if the shares rise to $ 10. A call option with an exercise price lower than the trade price is in the money. This is worth the difference between the strike price and the trade price.

A call option with an exercise price lower than the trade price is out of the money. It may still have a certain value until the expiration date. If a call option is out of the money on the expiration date, it is worthless. Put options work the other way around. They are in the money when the trade price is lower than the strike price.

When stock splits are declared, the resulting decline in stock price could affect the value of stock call options held by investors. To avoid this, all option contracts affected by a split are adjusted so that they do not lose value.

Stock splits aren’t the only reason option contracts can be automatically adjusted. Option adjustments may occur after reverse stock consolidations, mergers, acquisitions and spinoffs. The declaration of special dividends, whether in cash or in shares, may also trigger adjustments.

Adjustment mechanics

Currency behind the green book

Currency behind the green book

Most option adjustments for stock splits are simple. For example, if an investor has one option for 100 stocks with an exercise price of $ 10, after an adjustment for a 2-to-1 split, the investor will hold two options. Each option represents 100 shares with an exercise price of $ 5. The adjustment is made automatically by the Option clearing company (OCC), a derivatives clearinghouse. Investors do not have to do anything to ensure that the value of their options is not affected.

Companies can also report other divisions, such as 3 to 1 or 5 to 1. These work the same way. For example, the holder of an option to buy 100 shares of a stock with an exercise price of $ 30, after a 3-to-1 split, would have three options. Each call option would cover 100 shares with an exercise price of $ 10.

For some splits, it’s more complicated. Companies can, for example, declare divisions of 3 to 2. If this happens, an option holder will always have the same number of contracts. However, each contract will be for 150 shares instead of 100. The strike price will also be reduced so that the value of the option contract is the same. A split of 4 to 3 would result in each contract covering 133 shares. After a 5 to 2 split, each contract would represent 250 shares.

Reverse splits reduce the number of shares outstanding. After a reverse split, the price of the affected shares increases. For example, a reverse 1 to 2 split would cause shareholders to own half as many shares, each worth twice as much. When option contracts are adjusted to reflect reverse splits, each contract represents a smaller number of shares with a higher strike price. A 100-stock option at $ 10 would cover, after a 1-for-2 split, 50 stocks at an exercise price of $ 20.

Final result

So the answer to the main question (“What happens to options when a stock splits?”) Is: not much. After a stock split, stock prices are adjusted to keep the value of the total number of shares outstanding unchanged. This could lead to a drastic change in the value of the options on the shares concerned. To avoid this, options – whether call or put – on dividing stocks are adjusted so that the split does not change the value of the options. Adjustments to option contracts are managed automatically by the options clearinghouse.

Tips for investing

  • Trading options can expose investors to significant losses. Experienced and qualified financial advisers can help investors manage their risk while achieving their financial goals. The free tool of SmartAsset connects you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors who will help you reach your financial goals, start now.

  • Use this asset allocation tool when you assess your risk tolerance for various combinations of large, mid and small cap stocks.

Photo credit: © iStock.com / stocknshares, © iStock.com / baona, © iStock.com / champc

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Prime-UnitedHealthcare spat shows price transparency data will color contract talks http://glwdrk.com/prime-unitedhealthcare-spat-shows-price-transparency-data-will-color-contract-talks/ http://glwdrk.com/prime-unitedhealthcare-spat-shows-price-transparency-data-will-color-contract-talks/#respond Thu, 23 Sep 2021 09:00:00 +0000 http://glwdrk.com/prime-unitedhealthcare-spat-shows-price-transparency-data-will-color-contract-talks/ By demanding more money from insurance giant UnitedHealthcare, Prime Healthcare’s New Jersey hospitals are armed with a new bargaining tool: price transparency data. As of Jan. 1, a federal rule requires hospitals to publicly disclose the prices they charge for medical care, including the rates negotiated with insurers. Even though compliance has been dismal, Prime […]]]>

By demanding more money from insurance giant UnitedHealthcare, Prime Healthcare’s New Jersey hospitals are armed with a new bargaining tool: price transparency data.

As of Jan. 1, a federal rule requires hospitals to publicly disclose the prices they charge for medical care, including the rates negotiated with insurers. Even though compliance has been dismal, Prime said he can still see he is being paid far less than many of his local peers. This has led to a brawl that threatens network coverage for thousands of patients.

“All we’re asking for are fair prices compared to our competition,” said Dr. Sonia Mehta, Prime’s regional CEO for the market which includes New Jersey. Premium For Profit is headquartered in Ontario, California.

Hospitals have fought fiercely to remove the price transparency rule, arguing in part that patients would not use it and, furthermore, that they would find the numbers confusing. But the Prime-UnitedHealthcare example offers another result: that data will be at the center of future contract negotiations and could even trigger more disputes, which are already commonplace. Whether this serves to advance the talks or to sow discord remains to be seen.

Insurers may also comb through the data and find they are getting a gross deal. In that case, hospitals will not be happy, said Adam Block, assistant professor of health policy and management at New York Medical College.

“It wouldn’t be about a 5 percentage point dispute over a price, it would be a roughly 100 percentage point or 200 percentage point dispute over a price,” Block said. “Problems like this can lead to very tangible contractual disputes that can delay or end a relationship between a payer and a supplier.”

Healthcare systems have always had a certain level of price data, although it has never been more accurate, said Mike Schatzlein, former Ascension executive and director of consultancy firm Schatzlein Group. He believes the data will make negotiations more focused, but it won’t result in a bunch of contract terminations.

Contract disputes are a chicken game that are almost always resolved just in time, Schatzlein said.

“I can’t see it leading to an increase in layoffs just because of the inconvenience associated with them,” he said.

Even in Prime’s case, the parties are in a “cooling off” period in which UnitedHealthcare members can still obtain networked care while negotiations continue. The issue concerns four New Jersey hospitals that Mehta says are “gravely underpaid” on the business side.

For its part, UnitedHealthcare said Prime had called for a 14% annual rate hike for its employer-sponsored and individual plans, which it called “unsustainable.”

But Mehta says even 14% would not bring hospitals closer to market rates because they have been underpaid for years.

Regardless of the effect of price transparency data, it will be mitigated as long as compliance is low. Less than 6% of hospitals are fully compliant, a fact that prompted the Biden administration to increase penalties to $ 2 million per year for large hospitals.

Once more data on price transparency becomes available, hospitals will be under pressure to prove that their quality and results justify the prices they get, said Rick Kes, senior healthcare analyst at RSM.

If they’re asking for more money than the hospital down the street, they’ll have to produce data showing that their average length of stay for a certain procedure is two days shorter, or that their patients are less likely to. needing home care after a knee. replacement, he said.

“This will create greater demand to support the hospital’s value proposition when it requests a specific rate increase for a procedure,” Kes said.

Ultimately, Kes said the focus on value would be good for everyone.

Michael Abrams, co-founder and managing partner of healthcare consulting firm Numerof & Associates, agreed that forcing providers to justify why they should be paid more is a good thing. It might even spark more adherence to alternative payment models in which they take more responsibility for controlling costs, he said.

“The transparency rule provides a compensatory force to market power that pushes back the idea ‘whatever the market will bear’ of what a supplier should be paid,” Abrams said. “Over time I think it will have an impact.”

It is impossible to predict what the final impact of the controversial rule will be. After the think tank RAND Corp. released a wealth of data on hospital-level pricing as part of a 2020 study, hospitals at the bottom of the reimbursement scale demanded more money from insurers, said Sabrina Corlette, professor of research at Georgetown University’s Center on Health Insurance Reforms.

The ultimate goal of the rule is to empower employers and policy makers to put pressure on high-priced suppliers, especially when there is no noticeable difference in quality. That’s what happened in Colorado, where the revelation that hospitals were getting much higher commercial rates over Medicare ultimately convinced lawmakers to approve a public option, Corlette said.

“I think the price transparency has had the intended effect on Colorado policymakers,” she said, “but there is a risk that these cheaper health systems will charge higher rates.”


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Fortnite probably won’t be returning to the App Store anytime soon http://glwdrk.com/fortnite-probably-wont-be-returning-to-the-app-store-anytime-soon/ http://glwdrk.com/fortnite-probably-wont-be-returning-to-the-app-store-anytime-soon/#respond Wed, 22 Sep 2021 17:25:13 +0000 http://glwdrk.com/fortnite-probably-wont-be-returning-to-the-app-store-anytime-soon/ While Apple and Fortnite’s big, dramatic trial didn’t seem to come to the conclusion either side actually wanted. His resolution offered some hope to Fortnite enthusiasts that the title could find its way back to the App Store and onto their Apple devices. And yet … It seems legal jargon is creeping into the battle […]]]>

While Apple and Fortnite’s big, dramatic trial didn’t seem to come to the conclusion either side actually wanted. His resolution offered some hope to Fortnite enthusiasts that the title could find its way back to the App Store and onto their Apple devices.

And yet … It seems legal jargon is creeping into the battle royale once again. In a tweet thread Today, from Epic Games CEO Tim Sweeney, communications between him and Apple’s legal team appear to confirm that Apple has no interest in bringing Fortnite back while Epic continues to appeal the recent court ruling, a process whereby Sweeney could keep Fortnite out of the App Store for another five years or more.

Sweeney shared an email he himself sent to Apple’s Phil Schiller and a terse response from Apple’s legal team, which stated that “Apple has exercised its discretion not to reinstate the program’s account. development of Epic at this time, and Apple will not consider any further reinstatement applications until the district court judgment becomes final and without appeal.

Here is the full text of the email:

Dear Gary,

I’m responding to your recent request for Apple to reinstate Epic’s Developer Program account, which was terminated for cause last year. Epic committed an intentional breach of contract and breach of trust by hiding Apple’s code and making false statements and omissions. In its decision, the court recognized that “Apple had the contractual right to act as it did. [Epic’s] own internal documents show that Epic Games is expected. »ECF n ° 812 to 178-79. The court further found that “Apple’s termination of the [Developer Program License Agreement] and the related agreements between Epic Games and Apple were valid, lawful and enforceable. “Id. at 179. Following this ruling, Mr. Sweeney publicly stated that Epic”[wouldn’t trade [an alternative payment system] In light of these and other statements since the court ruling, associated with Epic’s deceptive conduct in the past, Apple has exercised its discretion not to reinstate Epic’s development program account at this time. . In addition, Apple will not consider further reinstatement requests until the district court’s judgment becomes final and without appeal.

Truly,

/ s / Mark A. Perry

The courts ruled in their ruling earlier this month that Apple was “not in violation of the antitrust law”, that Epic Games should reimburse Apple for lost App Store fees and, more interestingly , that Apple could not continue to block alternative forms. payment in the App Store. The ruling significantly complicates Apple’s App Store economy, but Apple still has not appealed the court ruling, touting it as a landslide victory for the company as a whole. Epic Games was less satisfied, appealing the decision and pledging to “keep fighting”.

In a press call with reporters immediately after the ruling, Apple said they would welcome the return of Fortnite if Epic Games agreed to follow the same rules as all other App Store developers – although this statement was made before the official call of Epic. of the court’s decision.

In a tweet further down his thread, Sweeney called Apple’s refusal to reinstate Fortnite’s developer account, “another extraordinary anti-competitive move from Apple, demonstrating its power to reshape markets and pick winners and winners. losers “.

We’ve reached out to Apple for comment.



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Wiserfunding evaluates the investment; wins the Revolut contract http://glwdrk.com/wiserfunding-evaluates-the-investment-wins-the-revolut-contract/ http://glwdrk.com/wiserfunding-evaluates-the-investment-wins-the-revolut-contract/#respond Tue, 21 Sep 2021 23:01:30 +0000 http://glwdrk.com/wiserfunding-evaluates-the-investment-wins-the-revolut-contract/ Wiserfunding, a London provider of credit risk assessment for SME lenders, secured a £ 3million investment from BGF and signed Revolut as a client. Founded in 2016 by Gabriele Sabato and Edward Altman, creator of the Altman Z-score, Wiserfunding has built a proprietary risk assessment platform that uses AI to provide accurate, reliable and unbiased […]]]>

Wiserfunding, a London provider of credit risk assessment for SME lenders, secured a £ 3million investment from BGF and signed Revolut as a client.

Founded in 2016 by Gabriele Sabato and Edward Altman, creator of the Altman Z-score, Wiserfunding has built a proprietary risk assessment platform that uses AI to provide accurate, reliable and unbiased assessment of credit risk. to determine the credit quality of SMEs and private enterprises.

The company says its methodology has been shown to be up to 30% more accurate than that of its competitors, leveraging financial history as well as publicly available structured and unstructured data, including corporate governance, management experience and macroeconomic indicators.

The startup is profitable, with more than 60 clients – bank and non-bank lenders, insurance companies, payment providers and asset managers – on three continents.

Jason Snelling, Head of Corporate Credit at New Client Revolut Business, says: “At Revolut Business, we use the Wiserfunding scoring model to support the risk assessment of our business clients that expose us to credit risk. We also plan to deploy this solution in our underwriting process to speed up decisions going forward. “

The new funding will be used to drive international growth and create new products for the supply chain and purchasing world.

Sabato says: “This investment, combined with BGF’s expertise, will provide strategic support to our global expansion and allow us to support the recovery of SMEs that require on-demand financing. ”


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Financial expert hints Levy will force Kane out of contract demands – Spurs Web http://glwdrk.com/financial-expert-hints-levy-will-force-kane-out-of-contract-demands-spurs-web/ http://glwdrk.com/financial-expert-hints-levy-will-force-kane-out-of-contract-demands-spurs-web/#respond Tue, 21 Sep 2021 11:00:52 +0000 http://glwdrk.com/financial-expert-hints-levy-will-force-kane-out-of-contract-demands-spurs-web/ GLYN KIRK / AFP via Getty Images Football finance expert Kieran Maguire believes Daniel Levy will force Harry Kane to step back with his demands for a new Tottenham contract. The English captain had sought an exit from north London over the summer with Manchester City, the most likely destination. Pep Guardiola’s side were suffocated […]]]>

GLYN KIRK / AFP via Getty Images

Football finance expert Kieran Maguire believes Daniel Levy will force Harry Kane to step back with his demands for a new Tottenham contract.

The English captain had sought an exit from north London over the summer with Manchester City, the most likely destination.

Pep Guardiola’s side were suffocated by Spurs president Daniel Levy, who was only holding for £ 160million if a transfer should occur.

A transfer ultimately never materialized and, as such, reports quickly emerged that the 28-year-old wanted a new £ 400,000 contract from Spurs If he were to sign a new contract, his side were also keen to add a release clause to give him an easy exit in the future.

The main caveat, however, is that Spurs chief Levy has generally avoided inserting such clauses into contracts in the past, to give himself and the club leverage in the process. potential negotiations.

This position interested Maguire’s point of view, who claims Levy won’t even consider losing the upper hand in future talks for Kane.

he said Initiated to football: “It limits the amount you can earn with a single transaction. There is a lot of logic, from a player’s point of view, in using it as a bargaining ploy.

“What if you have a player who has a £ 30million release clause now with a market value of £ 60million? A release clause is always in favor of the player and never in the club. Daniel Lévy knows it. You can understand that he takes this approach.

“He was able to make sure Kane stayed with Spurs this season precisely because he didn’t have a release clause. You compare that to Jack Grealish, where the release clause was £ 100million. don’t see Levy sanctioning that.

“When there are big clubs sniffing, they’re happy to trigger those clauses. So this acts as an insurance for Spurs not to have release clauses. “

Spurs web opinion

Although Levy shares a lot of opinions, he is a savvy businessman when it comes to potential expenses. He probably knew Kane would become a superstar when he accepted a new long-term contract in 2017 and made sure not to add a release clause that would likely have seen him go for reduced value. We get the impression that he has little interest in changing his position on this occasion.

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Ready to hand over your lease? Record prices for used cars could mean a financial windfall. http://glwdrk.com/ready-to-hand-over-your-lease-record-prices-for-used-cars-could-mean-a-financial-windfall/ http://glwdrk.com/ready-to-hand-over-your-lease-record-prices-for-used-cars-could-mean-a-financial-windfall/#respond Mon, 20 Sep 2021 22:35:00 +0000 http://glwdrk.com/ready-to-hand-over-your-lease-record-prices-for-used-cars-could-mean-a-financial-windfall/ For savvy motorists who have leased vehicles they are now ready to return, record used car prices could mean a financial windfall. After plummeting to recession-era levels in the first few months of the pandemic, the auto market returned to strength early this year. Resellers are struggling to find products to sell, fueling the soaring […]]]>

For savvy motorists who have leased vehicles they are now ready to return, record used car prices could mean a financial windfall.

After plummeting to recession-era levels in the first few months of the pandemic, the auto market returned to strength early this year. Resellers are struggling to find products to sell, fueling the soaring prices all around. With few new cars on show grounds, motorists have grabbed whatever used cars they can find.

Josh Frankel, a New York-based financial consultant, found his leased 2018 Jeep Compass was worth $ 18,000 in the used car market, almost $ 3,000 more than the cash value of his lease . So, rather than return the SUV, Frankel made a deal to sell it to a used car wholesaler.

“It couldn’t have been easier,” he said over the phone. “I didn’t have to pay a dime. He came to my house, I handed him the keys and got a check.”

“Lease buy-back prices were set three years ago when dealers never expected used car prices to be so high.”

When calculating lease prices, finance companies estimate the residual value of vehicles at the end of leases, essentially guessing what they will be worth. The numbers help to calculate the monthly payments. But they are also used to set the buy-back prices that customers can pay at the end of leases to keep vehicles.

The people who determine the tailings are normally pretty good at it, said Michelle Krebs, senior automotive analyst at Cox Automotive. But they weren’t counting on a combination of Covid-19 and an overwhelming shortage of semiconductor chips.

“Lease buy-back prices were set three years ago when they never expected used car prices to be so high,” Krebs said.

As a result, many leasing customers buy back their leases and immediately resell the vehicles. And, like Frankel, pocketing the difference.

“Used car prices have gone crazy,” said Wes Grueninger, a Seattle mobile tech developer who leased a 2019 Honda Ridgeline.

In June, he went online and found Carvana offering $ 36,400 for the truck, a convenient premium over the cash value of $ 29,000. It was a deal he couldn’t refuse.

“I wouldn’t have believed it if it hadn’t happened to me,” said Grueninger, who won almost $ 8,000. “Who would pay so much? “

While such offers can be tempting, Krebs warned that buying out a lease doesn’t always work as well. “Lease laws vary greatly from state to state,” she said, stressing that “people have to do their homework as to the nature of the laws.”

That was advice Nicola and Joe Pariseau from Atlanta could have used before deciding to buy out the lease on their Volkswagen Tiguan and then sell it back. At first glance, it seemed like a good move, but they hadn’t calculated into the equation the $ 1,800 in taxes they had to pay to the state before transferring title.

“We thought we were golden. But in the end we ended up losing a few hundred dollars,” said Joe Pariseau.

Nicola Pariseau added: “It ended up being a fiasco.”

There are other reasons to think twice before buying a rental vehicle and then reselling it. The big question is: what next? If you already have another car, you could be in great shape. But if you have to turn around and buy another vehicle, your profits could be fleeting.

Debbie Mazza was “counting the days” until she could end her lease on the 2018 Toyota Camry, especially when she “found out that my car was $ 5,000 more than my lease said.” it was worth ”.

But before completing the buyout, Mazza realized that it would have to replace the Camry with something else. When she started checking with dealers, she found that everything she wanted was either sold out or much more expensive than she had expected.

So Mazza has decided to wait, at least for now, until she finds what she wants, even if she doesn’t make a profit on the Camry.

Consumers of cars, trucks or crossovers whose lease is about to end should keep several things in mind:

  • Find the residual value of your lease and check what the rules are for a buyout. They can vary from manufacturer to manufacturer and from lender to lender.
  • The residual may not be the same as the buyout price, especially if you are looking to terminate the lease early.
  • Research the current market value of the vehicle using online pricing guides, like Edmunds or the Kelley Blue Book, or used car services with online pricing guides, such as Carvana, Shift, or Vroom.
  • Check state and local regulations for purchasing leases and then reselling vehicles. In some states, you may be required to pay sales taxes or high fees.
  • Once you know what your car will be used for, subtract what it will cost to buy it, plus any taxes or fees, and get a final figure.
  • Factor in the potential paperwork and other hassle – while remembering that buying or leasing a replacement vehicle could be more expensive and more difficult right now.


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Wauseon council discusses city fire contracts http://glwdrk.com/wauseon-council-discusses-city-fire-contracts/ http://glwdrk.com/wauseon-council-discusses-city-fire-contracts/#respond Mon, 20 Sep 2021 00:19:51 +0000 http://glwdrk.com/wauseon-council-discusses-city-fire-contracts/ Wauseon City Council approved the city’s EMS contracts on Monday and paid tribute to three prominent citizens who died in the past week. Board members accepted the finance committee’s recommendations to adopt the EMS contracts, which will provide Wauseon with $ 1.025 million annually between them. The contracts include a main coverage area and a […]]]>

Wauseon City Council approved the city’s EMS contracts on Monday and paid tribute to three prominent citizens who died in the past week.

Board members accepted the finance committee’s recommendations to adopt the EMS contracts, which will provide Wauseon with $ 1.025 million annually between them. The contracts include a main coverage area and a central station operating contract.

Committee member Steve Schneider said part of the funds raised through the contracts will be used to maintain the services of two Advanced Life Support (ALS) units. According to the contracts, the city will be responsible for all of its billings and will keep all of its billing products.

At a finance committee meeting on August 25, Fire Chief Rick Sluder said the city needed to change 430 hours from part-time to full-time EMS to meet staffing needs. This will require the city’s chief financial officer, Jamie Giguère, to add $ 9,500 to the general salary fund and $ 15,000 to the general fire benefits fund.

At the same meeting, Police Chief Kevin Chittenden offered to change his department’s records and dispatch software from CMI to Stoma Global, a move that would tie together the police, fire and sheriff’s office. from Fulton County. The change would require an increase of $ 25,000 to the city’s General Police Supplies Fund.

Giguère noted that the Capital EMS equipment fund will need to be increased by $ 60,000 to cover the cost of an ambulance requested by the city, or $ 10,000 more than expected. In addition, the ambulance will require an electric bed system which costs $ 50,000.

Council approved these expenses, which will be paid for through changes to the City budget that will increase by $ 49,500 from the general fund and $ 60,000 from the Capital Fund account.

Councilor Patrick Griggs asked Sluder if he was happy with the results of the fire contract. “I know (they’re) not perfect, but in the end (are they) pretty good?” ” He asked.

Sluder replied, “We are happy to be able to function properly. “

Council members also approved a resolution to change an annual allocation order by authorizing Giguère to increase or decrease budget allocations for positions within various funds listed for 2021.

In other cases, Council members have approved ordinances authorizing the annexation of property to the city. They include ownership of part of the Wabash Cannonball Trail that crosses Dave’s Sand and Stone property at 19230 County Road F.

General Counsel Tom McWatters III said an agreement for this part of the trail will need to be made with the company as it is on their land. “To sprinkle the I’s and cross the T’s, that problem would eventually have to be resolved,” he said.

McWatters said the company already has an agreement with the trail authorities regarding its upkeep where it crosses the property.

In department reports, Police Chief Kevin Chittenden said the department, working with the Delta Eagles, will host the 2nd annual Back the Blue BBQ Drive Thru on Saturday, September 18 from 11 a.m. to 8 p.m. at the fairgrounds. from Fulton County. Chittenden said tickets are available at the police department at 230 Clinton Street or at the event.

In New Business, Mayor Kathy Huner thanked “everyone who has anything to do with the Fulton County Fair for making it a good fair. We had an incredible fair. The weather was great and the crowd was great.

She also paid tribute to three prominent members of the community who died last week: Toby Shehorn, Karen Vollmer and Curt Cooley. Huner said each in their own way has reached out to the community. “They will be missed,” she said.

Contact David J. Coehrs at 419-335-2010.


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Osun did not receive N48b reimbursement on roads – Finance Commissioner http://glwdrk.com/osun-did-not-receive-n48b-reimbursement-on-roads-finance-commissioner/ http://glwdrk.com/osun-did-not-receive-n48b-reimbursement-on-roads-finance-commissioner/#respond Sat, 18 Sep 2021 19:17:44 +0000 http://glwdrk.com/osun-did-not-receive-n48b-reimbursement-on-roads-finance-commissioner/ Contrary to a claim by a former Osun State Internal Affairs Commissioner, Mr. Sikiru Ayedun, the state government noted that the administration of Governor Adegboyega Oyetola did not receive the sum of N48b from the federal government as reimbursement on federal roads built in the state. State Finance Commissioner Bola Oyebamiji, who made the clarification […]]]>

Contrary to a claim by a former Osun State Internal Affairs Commissioner, Mr. Sikiru Ayedun, the state government noted that the administration of Governor Adegboyega Oyetola did not receive the sum of N48b from the federal government as reimbursement on federal roads built in the state.

State Finance Commissioner Bola Oyebamiji, who made the clarification in a statement on Saturday, described Ayedun’s claim as false, misleading and capable of creating discord, conflict and animosity within the progressive family.

He also said the total contract amount was N38b, wondering how the FG would make a reimbursement much more than the contract amount.

According to him, the total reimbursement by the FG to the state to date, in three installments, amounts to 11.9 billion naira based on the project delivered by the contractors.

The commissioner revealed that the reimbursement was spent on four road projects inherited from the previous administration, contrary to Mr Ayedun’s claim that the reimbursement was used to pay the full salaries of state officials.

Oyebamiji urged well-meaning Osun citizens to endeavor to verify all information before it is published and released to ensure a peaceful and healthy political atmosphere for all.

He said, “The total contract amount of all federal road projects undertaken by the Osun State government, as approved by the Federal Ministry of Public Works, is 38 billion naira. It is therefore logical to claim that the sum of 48 billion naira will be paid by the FG for projects whose total contract amount is 38 billion naira. The last time we checked, the federal government is not a Santa Claus.

“The projects in question, in November 2018, on average, were less than 35% complete. The available records show that the Osun State government awarded the 29 km Gbongan – Akoda dualisation project in 2013 for 29 billion naira while the 40 km limit Osogbo – Ikirun – Ila Odo Kwara was awarded. for 17.5 billion naira in the same year, bringing the two projects to 46.5 billion naira. as proposed by the Osun State Government.

“However, after due diligence and a thorough evaluation by FG’s Public Procurement Agency, the contract amount was revised downward as follows: All FG roads under construction. This review was duly communicated to the government of Osun State.

“In November 2018, the contractor in charge of the Gbongan – Akoda road project had received a total sum of 10.2 billion naira, of which 3.5 km of the 29 km stretched road were completed, including the Gbongan interchange. and the project was 29% complete, while the contractor in charge of the Osogbo – Ila Odo road raised a total of 9.2 billion naira, with a completion rate of 49%.

“The implication is that the Osun State government paid the two entrepreneurs the sum of N19.4 billion in November 2018. Likewise, the total reimbursement by the FG to the State to date, in three installments, amounted to 11.9 billion naira on the basis of the project delivered by the two contractors.

“It is imperative to state that the FG repayment of 11.9 billion naira was judiciously used and reinvested in four (4) legacy road projects undertaken by the previous administration, contrary to Mr. Ayedun’s unsubstantiated claims that the refund is used. pay the full salaries of civil servants.

“To date, the Gbongan – Akoda road project is at 36% completion, with 8.6 km paved on both sides of the road. Also, the Osogbo – Ila-Odo project which was at 49% in November 2018 is now 55% complete. The Oba Adesoji Aderemi road which was also inherited at 65% completion is now at 74% and the Ilesa – Iperindo – Ipetu Ijesa road project has increased from 40% to 66% completion.

“It is also instructive to note that since the advent of the Oyetola administration, an additional 60 km of the road has been reconstructed and fully completed, with another 10 communal roads currently under construction. These are expected to be completed before the end of 2021, including the iconic Olaiya flyby. “

YOU MUST NOT MISS THESE NIGERIAN TRIBUNE TITLES

Experts say mixture of snail slime and evaporated milk cannot cure stroke

CLAIM: Facebook user claims water from snails (snail slime) and spike milk can cure partial or full stroke.

VERDICT: The claim that the water obtained from snails (snail slime) and spike milk can cure partial or complete stroke is false.

FULL STORY: On July 26, 2020, Facebook user Prince Nnamdi Enyinnaya Emelelu Eluwa claimed in an article that water obtained from snails (snail slime) and spike milk can cure an accident partial or complete cerebrovascular. The post, which is over a year old, was recently re-shared by other Facebook users.

Marburg virus: what you need to know about the disease recently detected in West Africa

On Monday August 9, 2021, the World Health Organization (WHO) confirmed the first case of Marburg virus in West Africa in Guinea. This development has sent shivers down the spines of West Africans who are still grappling with the effects of the coronavirus pandemic. But before this dreaded disease is greeted with rumors and misinformation, here’s what you need to know about the virus. APC says it’s creating a health emergency trust fund …

FACT CHECK: US failed to grant Nigeria 48-hour ultimatum to detain Abba Kyari

CLAIM: Several social media posts claim that the United States of America (United States) has given the federal government of Nigeria 48 hours to arrest suspended Deputy Police Commissioner Abba Kyari on pain of severe penalties.

VERDICT: The assertion is false and misleading. The United States did not give the Nigerian federal government a 48-hour ultimatum to detain Abba Kyari.

FULL STORY: Tons of backlash have greeted the indictment of suspended Deputy Police Commissioner Abba Kyari by the United States District Court for the Central District of California.

The court indicted Kyari over his alleged involvement in the international scheme to defraud a Qatari school founder of more than $ 1 million. The fraud scheme was orchestrated by famous Instagram celebrity Ramon Abbas, also known as Hushpuppi.

The dangers of mixing toilet cleaner with bleach

A few weeks ago, Eniola Oyémolade, a journalist, decided to get creative by cleaning, mixing a toilet cleaner and bleach. She did it with the thought that if one product worked, mixing it with another would make it even better.

Unbeknownst to him, mixing bleach with a toilet cleaner creates a poisonous gas that can cause adverse health effects, including death.

“After the mixing I started to feel a burning sensation in my throat and had to leave the room because the smell was very bad too,” she said.


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This crypto gained nearly 7,000% in 2021. Should you buy? http://glwdrk.com/this-crypto-gained-nearly-7000-in-2021-should-you-buy/ http://glwdrk.com/this-crypto-gained-nearly-7000-in-2021-should-you-buy/#respond Sat, 18 Sep 2021 16:32:43 +0000 http://glwdrk.com/this-crypto-gained-nearly-7000-in-2021-should-you-buy/ The Fantom smart contract cryptocurrency (FTM) has gained nearly 7,000% since the start of this year – even more than the popular crypto Dogecoin (DOGE). Fantom hit an all-time high of $ 1.93 on September 9, according to data from CoinMarketCap. At this point, if you had bought $ 1,000 from Fantom on January 1, […]]]>

The Fantom smart contract cryptocurrency (FTM) has gained nearly 7,000% since the start of this year – even more than the popular crypto Dogecoin (DOGE). Fantom hit an all-time high of $ 1.93 on September 9, according to data from CoinMarketCap. At this point, if you had bought $ 1,000 from Fantom on January 1, it would have been worth almost $ 100,000.

Even after this week’s drop, Fantom’s price is still up over 350% since the start of August alone, as investors crowd into various Ethereum (ETH) alternatives.

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What is behind Fantom’s earnings

Here are two key drivers of Fantom’s spectacular growth.

1. Smart contracts

Fantom is one of several cryptocurrencies with smart contract capabilities. Smart contracts are tiny pieces of self-executing code that live on the blockchain and allow it to run programs and applications.

Smart contracts are crucial for the burgeoning decentralized finance (DeFi) industry. DeFi is an umbrella term for a number of applications that eliminate intermediaries (banks) from financial transactions. And smart contracts are the not-so-secret sauce in DeFi.

They can be programmed to run automatically when certain conditions are met – for example, an insurance policy can pay off without anyone needing to make a claim. Or a loan can repay the collateral automatically as soon as the loan balance is paid off.

Another booming trend fueled by smart contracts is non-fungible tokens (NFTs). Authorship, ownership, and copyright information is built into these digital collectibles. From cute CryptoKitties and Degenerate Apes to million dollar artwork and sports trading cards, NFTs are taking the world by storm.

First come Ethereum is still by far the biggest smart contract crypto. But it’s relatively slow and struggles with network congestion and high fees. As a result, a number of newer, faster, and cheaper cryptos like Fantom are competing for market share.

2. Fireblocks and other partnerships

Fantom made several important announcements this year – most recently a partnership with the international digital asset platform Fireblocks. Fireblocks serves over 200 financial institutions and secures over $ 400 billion in digital assets.

The Coinbase wallet listed as FTM this month, although the token is not available on the Coinbase exchange. FTM is available from several major cryptocurrency exchanges.

It also partners with several large crypto projects like Chainlink (LINK) and The Graph (GRT). Additionally, he has real world projects underway in Pakistan, Tajikistan, and Afghanistan.

Should we buy?

Cryptocurrency prices are notoriously volatile and difficult to predict, and it’s always risky to buy a coin right after hitting an all-time high, like Fantom did last week.

There are different trading strategies you can use to balance this risk – for example, buying a small amount at a set time each week or month rather than a large amount all at once.

Ultimately, the best way to protect yourself against volatility is to invest only the money that you can afford to lose and buy over the long term. Base your investment decision on how you think the coin will perform over the next five to 10 years. This way, if its value suddenly drops, you can wait for the drop to end.

Research the fundamentals of the coin, from its management team to its roadmap for the future. Read Fantom’s white paper and compare it to other digital currencies in the same space. Our recent article on Fantom would be a good place to start.

There are a lot of things in the crypto world that we can’t predict, which makes it all the more important to be diligent with the things we can control.

Threats to Fantom’s Price

As you can see above, Fantom is a solid cryptocurrency project with a lot of potential. However, here are a few factors that could tip FTM:

  • DeFi regulation: We are seeing an increase in the regulation of crypto around the world, and the US authorities are particularly concerned about DeFi. The concern is that these products offer banking-like services without the protections that a bank would offer. As a result, we will almost certainly see some sort of crackdown on DeFri in the future. This could have a ripple effect on smart contract platforms.
  • His projects in Afghanistan: Several of Fantom’s actual projects are based in Afghanistan, which is now back under Taliban control. It’s unclear what impact the disruption will have on Fantom’s work there, but it’s fair to assume there will be some changes.
  • Technical snags: Fantom’s technology is different from other blockchains in that its model allows simultaneous processing of transactions. As the project grows and attracts new users, we will have a better idea of ​​its scalability.
  • Wider crypto market: The crypto industry as a whole has taken big leaps this month, leading some analysts to warn of a looming drop similar to the one we saw in May. As the largest and oldest cryptocurrency, Bitcoin (BTC) tends to have a disproportionate influence on the rest of the market, which could also affect a smaller coin like Fantom.

Overall, there are solid reasons for Fantom’s growth this year, but it’s still an incredible price jump. The token can still grow in the long run, but if you buy with the expectation of another 7,000% increase, you will likely be disappointed.


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How smart contracts are changing the balance of power in the crypto industry http://glwdrk.com/how-smart-contracts-are-changing-the-balance-of-power-in-the-crypto-industry/ http://glwdrk.com/how-smart-contracts-are-changing-the-balance-of-power-in-the-crypto-industry/#respond Fri, 17 Sep 2021 22:15:00 +0000 http://glwdrk.com/how-smart-contracts-are-changing-the-balance-of-power-in-the-crypto-industry/ One of the familiar themes seen in previous cycles of the crypto market is the evolution of market caps, popularity and ranking of the top 10 projects that make big gains during bullish phases, only to fade into obscurity for a while. bear markets. For many of these projects, they follow a recognizable boom-bust cycle […]]]>

One of the familiar themes seen in previous cycles of the crypto market is the evolution of market caps, popularity and ranking of the top 10 projects that make big gains during bullish phases, only to fade into obscurity for a while. bear markets. For many of these projects, they follow a recognizable boom-bust cycle and never regain their former glory.

During the 2017-2018 bull market boom and initial coin offering (ICO), which was driven by projects based on the Ethereum network, all kinds of smart small contract-driven projects grew by thousands of dollars. percentages to reach unexpected highs.

Meanwhile, projects like Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR) and ZCash (ZEC) have also entered and left the top 10, but to this day investors are still arguing over which project actually present. a “useful” use case.

While all of these tokens are still unicorn-level projects with billion dollar valuations, these large-cap megaliths are far from their past glory and are now struggling to remain relevant in today’s ecosystem.

Let’s take a look at some of the ongoing projects that threaten to knock these dinosaur tokens off their perch.

Stable coins indexed to the dollar take center stage as the most “tradable” currency

Bitcoin’s original use case (BTC) stated that it would simplify the process of executing transactions, but the network’s “slow” transaction time and the cost associated with sending funds make it a better reserve of. value as a medium of exchange when other blockchain networks are viewed as options.

Terra (LUNA), a protocol focused on creating a global payment structure through the use of fiat-anchored stablecoins, emerged as a possible solution to the problems encountered when trying to use the best projects. proof of work (PoW) as a means of payment. currencies.

The primary token used for value trading on Terra outside of LUNA is TerraUSD (UST), an algorithmic stablecoin pegged to the US dollar that forms the basis of Terra’s Decentralized Finance (DeFi) ecosystem. UST’s market capitalization has grown steadily throughout 2021 as activity and the number of users in the ecosystem increased.

Modifications to the UST offer. Source: SmartStake

The recent addition of Ether (ETH) as a collateral choice for the UST’s mint on the Anchor Protocol has given token holders a way to access the value of their Ether without having to sell and sell. create a taxable event.

This opens up the possibility for other tokens such as BTC to be used as collateral to cash in UST which can be used in daily purchases.

As it stands, the loan APR for UST on Anchor is 25.85%, while the distribution APR is 40.67%, which means users who borrow UST against their LUNA or Ether actually earn a return by borrowing against their tokens.

From privacy pieces to privacy protocols

Privacy is also a fundamental feature of the cryptocurrency industry, and privacy-focused projects like XMR and ZEC offer obfuscation technologies that support covert transactions or what, for some time, was considered not found.

Unfortunately, regulatory issues have made it more difficult for users to access these tokens as many exchanges have removed them for fear of angering regulators and overall demand among crypto users has declined alongside their availability. .

Their lack of smart contract capabilities has also limited what these protocols are capable of and, so far, users don’t seem too excited to use Wrapped Monero (WXMR) for use in DeFi, as the token loses its privacy capabilities during the process. .

These limitations have led to the development of privacy-focused protocols such as Secret Network, which allows users to build and use decentralized applications (DApps) in a privacy-preserving environment.

Privacy features are not common among smart contract-enabled platforms in the crypto ecosystem, making Secret an experimental case in the ever-changing Web 3.0 landscape.

Decentralized applications on the secret network. Source: Secret

Secret is also part of the Cosmos ecosystem, which means that it can use the Inter-blockchain Communication (IBC) protocol to seamlessly interact with other protocols in the ecosystem.

The network’s native SCRT can be used as a medium for transferring value on the platform as well as interacting with protocols that work on the network, including Secret DeFi applications and the network’s NFT offering, Secret Heroes.

New business solutions aren’t better, but they come without controversy

One of the ways that cryptocurrency projects sought to differentiate themselves from the ‘medium of exchange’ label was by offering enterprise solutions as a way to help businesses navigate the transition to an infrastructure based. on the blockchain.

XRP and Stellar (XLM) are two of the veteran protocols that fit this bill, but continued controversy and slow development has led these early players to catch up with newer networks which also lack the legal controversy that followed. Ripple for years.

Hedera Hashgraph has become a competitor in this arena and data shows the network is capable of processing over 10,000 transactions per second (TPS), with an average transaction fee of $ 0.0001 and a delay of 3-5 seconds. .

These statistics are comparable to those of XRP and XLM, which indicated that their ledgers reach consensus on all open trades every 3-5 seconds with an average transaction cost of 0.00001 XRP / XLM.

Hedera is also smart contract compatible, which means users can create fungible and non-fungible tokens, and developers can build decentralized applications to accompany decentralized file storage services on the network.

For each sector (stablecoins, privacy and enterprise solutions), the main difference between old school and next generation projects has been the introduction of smart contract capabilities and development plans in the sectors of the side chain and DeFi where the best protocols exist. . This gives new projects additional utility, enabling them to meet investor and developer demand, thereby increasing their token value and market capitalization.

With smart contracts, the ability to interact with the growing DeFi landscape is built in, while legacy tokens such as LTC, XMR, and BCH require special packaging services that insert intermediaries and thus insert additional fees, rigor and risks in the process.

The most recent protocols also adopted the more environmentally friendly proof-of-stake consensus model that aligns with the broader global shift towards environmental awareness and sustainability. One advantage is that holders can also wager their tokens directly on the network for a return.

It remains to be seen whether the slow pace of time will eventually lead to a migration of capital from old large-cap projects to next-gen protocols or whether these legacy blue chips will find a way to evolve and survive in the future.

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move comes with risk, you should do your own research before making a decision.