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Showing posts from June, 2021

Texas Republicans Who Want to Lure Bitcoin Mining Companies Should Be Very, Very Careful

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  BY   JAKE DEAN  AND  NITISH PAHWA JUNE 28, 2021 10:30 AM Grindi/iStock/Getty Images Plus TWEET SHARE COMMENT China was at one point home to nearly  three-quarters of the world’s total Bitcoin production . But now it’s cracking down on the highly popular cryptocurrency, with  state media claiming that 90 percent  of its mining operations closed on June 21. In response, the value of the currency has been going haywire,  dropping that day to $28,680 , its lowest level in a month, before rebounding to nearly $33,000 by Tuesday. But instability continues to loom due to a concurrent slide in demand; the U.S. Federal Reserve’s announcement of  possible interest rate hikes by 2023  may have additionally spooked investors. At any rate, China’s enterprising miners, who once had entire countryside regions and dedicated power plants for their use, are striking out West for new opportunities in countries embracing digital currencies.  While na...
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Bill and Melinda Gates divorce highlights work outside foundation

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  In the years leading up to their split, Bill and Melinda Gates have each dived into projects outside the scope of their foundation’s work, a trend that’s expected to accelerate post-divorce. For Melinda French Gates, 56, the divorce could mean that more resources will be focused on Pivotal Ventures, her 90-person incubation and investment firm largely focused on gender equality [File: Jasper Juinen/Bloomberg] By  Sophie Alexander and Ben Steverman Bloomberg 28 Jun 2021 In her first public appearance since her divorce announcement, Melinda French Gates traveled to the White House, leaders from her charity and investment firm in tow. She pressed Biden officials on two issues central to her priorities: paid family leave and child care. The same day this month, Bill Gates appeared in a virtual address to the United Nations Food and Agriculture Organization in Rome. Wearing his familiar sweater, collared shirt and glasses, the Microsoft Corp. co-founder spoke for nearly...
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MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions

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  USINESS REPORT COMPANIES MultiChoice’s black economic empowerment scheme is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. Picture: Karen Sandison/African News Agency(ANA) MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions By Edward West   Feb 16, 2021 CAPE TOWN - PHUTUMA Nathi, the MultiChoice black economic empowerment scheme of more than 80 000 shareholders, is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. “This money belongs to our shareholders. We’re calling on them to contact us to get their money. In these tough economic times we want to do everything in our power to give them what is rightfully theirs,” Phuthuma Nathi chairperson Mandla Langa said in a statement yesterday. Phuthuma Nathi has been paying dividends every year since the start of the scheme in 2006. Am...
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Fighting Drug addiction

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 Here's the story: We sat down with a man who had a harrowing journey with addiction. He began by telling us about his early days in tertiary education, where he would occasionally smoke dagga with friends. However, his focus remained on his studies, and he worked hard to graduate and secure a qualification. After landing a job, he started building a life for himself. He got married, bought a property, and even splurged on a car. Life was good, and he felt like he was on top of the world. But one fateful night, while out with friends, he was introduced to heavier narcotics. At first, the experience was exhilarating. He described it as an elevation from the mild high of dagga to a level 5 high, where he felt invincible and euphoric. The effects would last for days, allowing him to party from Friday to Sunday without sleep. The problem, however, began to manifest on Mondays and Tuesdays every week, when the withdrawal symptoms would kick in, and he'd struggle to function at work....
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This New Ultralight Aircraft May Be World’s Fastest Single-Engine Business Jet

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  The speedy LAR-01's automotive interior adds comfort and luxury. Plus: The wings detach, so the jet can be stored in a home garage. By  MICHAEL VERDON           Courtesy Flaris The  Flaris  LAR-01 has a number of striking stats, including being a ton lighter (literally) than its competitors, along with an unusually short-field landing capability, and detachable wings. But its most impressive number is the 250-knot true air speed, which its designers say makes it the world’s fastest business jet among single-engine very light jets and turboprop aircraft. Flaris says recent tests “confirmed the assumptions made previously” about the effectiveness of multiple systems, including its Garmin G600 avionics and Flaris Flight Assistance System flight computer, as well as the landing gear and emergency parachute system. But it also claims more impressive stats like the 250-knot TSA at 10,000 feet. Its 6,000-feet-per-minute climb rate, adds the compan...
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