Tag: system

Cuban government urges calm as government prepares to unify dual currency system

HAVANA – Cuba’s economy minister on Monday urged calm as the government prepares to unify its dual currency system and multiple exchange rates in hopes of improving economic performance.

The Caribbean island nation is undergoing a crisis caused by an onslaught of new U.S. sanctions on top of a decades-old embargo, the pandemic and its inefficient Soviet-style command economy.

Alejandro Gil, speaking during a prime-time broadcast on state-run television, said the country could not overcome the crisis without unification which he said included wage, pension and other measures to protect the population.

CUBA SELLING USED CARS FOR 1ST TIME

“It is a profound transformation that the economy needs that will impact companies and practically everyone,” Gil said.

“It is for the good of the economy and good of our people because it creates favorable economic conditions that will reverberate through more production, services and jobs,” he added.

Cuba’s economy minister on Monday urged calm as the government prepares to unify its dual currency system and multiple exchange rates in hopes of improving economic performance. (Photo by Peter Dazeley/Getty Images)

The monetary reform, expected before the end of the year, will eliminate the convertible peso while leaving a devalued peso, officially exchanged since the 1959 Revolution at one peso to the dollar.

The soon to be removed convertible peso is also officially set at one to 10 pesos to the dollar for state companies and 24 pesos sell and 25 pesos buy with the population.

The government has stated numerous times that residents will be given ample time to exchange convertible pesos at the current rate once it is taken out of circulation and banks will automatically do the same with convertible peso accounts.

President Miguel Diaz-Canel said last week the country would end up with a single currency and exchange rate with the dollar but did not say what that rate might be or the date devaluation would happen.

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Foreign and domestic economists forecast the move will cause triple digit inflation and bankruptcies while at the same time stimulating domestic economic efficiency and exports over imports.

The state controls the lion’s share of the economy and sets most wages and prices. Neither domestic currency is tradable outside Cuba.

“There will be no shock therapy here, the vulnerable will be protected. At the same time, it will favor motivation to work and the need to work to live,” Gil said.

Diaz-Canel announced in July that market-oriented reforms approved by the Communist party a decade ago and never implemented, including monetary measures, would be quickly put in place in response to the crisis. He said last week that monetary reform had now been approved by the all-powerful politburo.

Cuba, dependent on food, fuel and other imports has been caught short of cash as sanctions hit its foreign exchange revenues and the pandemic demolishes tourism and undermines remittances, creating food, medicine

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Fixing government’s trillion-dollar system glitch

As negotiations for a new coronavirus stimulus package heat up, there’s a long-deferred investment that Congress should make room for: funding an upgrade of the government’s antiquated financial systems to meet the modern era.

While much of the technology sector’s attention is drawn toward the advanced science of COVID-19 vaccines and the economy’s overnight digital transformation, it’s important to recognize that the nation’s economic recovery has been hampered by a more prosaic shortfall — the government’s inability to efficiently send cash payments.

Consider, for example, the three largest components of the last stimulus bill, known as the CARES Act — small business support, unemployment benefits, and stimulus checks. In each of these programs, the real-world toll of government’s technical deficiencies has been immense:

Congress crafted the $650 billion small business support program — the Paycheck Protection Program — to funnel payroll reimbursements through banks, sidestepping the more direct wage replacement policies used by many European nations. One key reason: The federal government had no technical means by which to quickly tabulate and send wage payments to small businesses, even though the Internal Revenue Service already collects nearly all of the relevant payroll data.

As a workaround, the CARES Act instead shoehorned wage subsidies into a federally-funded, bank-originated “forgivable loan” — a convoluted policy that provoked much confusion and consternation among the very businesses it sought to help. The program’s online portal crashed repeatedly. What’s more, the government will pay banks $18 billion to administer this effort, even as some have stumbled. Nearly a half-trillion dollars later, research suggests that the complex program yielded little benefit and cost an estimated $290,000 per job saved.

Similarly, the initial goal in augmenting unemployment benefits was to provide full replacement rate income to workers forced to shelter in place. Instead, lawmakers agreed to a $600 flat weekly supplement for all recipients as it soon became clear that many states’ computer systems were incapable of issuing actual replacement-level wages.

This blunt approach led to some workers receiving more in unemployment than they earned on the job, while simultaneously leaving nearly one-third short of the mark. Systems in some states buckled under the pressure of massive claims submissions, depriving many workers of compensation altogether at a time of urgent need. The federal government, meanwhile, had no mechanism for transmitting these funds to workers directly.

The $300 billion allocated to Economic Impact Payments, better known as “stimulus checks,” surfaced yet another systems gap. The I.R.S. could deliver immediate payments only to the half of Americans who filed tax returns with direct deposit information — a group that skews toward wealthier households. The agency’s “Get My Payment” online tool, intended for everyone else, has been bug-ridden. Even now, months after the CARES Act became law, nearly 9 million citizens — including many who could least afford to wait — had not yet received their stimulus payment.

Technological roadblocks like these confer little partisan advantage. Each issue had a straightforward policy solution that would likely have garnered broader acceptance

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UK government says it will reform ‘broken’ asylum system

LONDON (AP) — Britain’s interior minister vowed Sunday to stop people entering the country clandestinely and to fix what she called a “broken” asylum system, echoing commitments that have been made and broken by U.K. governments for years.



FILE - In this Tuesday, Oct. 1, 2019 file photo, Britain's Home Secretary Priti Patel addresses the delegates at the Conservative Party Conference in Manchester, England. Britain’s interior minister vowed Sunday, Oct. 4, 2020 to stop people entering the country clandestinely and to fix what she called a “broken” asylum system, echoing commitments that have been made and broken by U.K. governments for years. Home Secretary Priti Patel said the government would bring in new laws so it could “stop those who come here illegally making endless legal claims to remain” and “expedite the removal of those who have no claim for protection.” (AP Photo/Frank Augstein, file)


© Provided by Associated Press
FILE – In this Tuesday, Oct. 1, 2019 file photo, Britain’s Home Secretary Priti Patel addresses the delegates at the Conservative Party Conference in Manchester, England. Britain’s interior minister vowed Sunday, Oct. 4, 2020 to stop people entering the country clandestinely and to fix what she called a “broken” asylum system, echoing commitments that have been made and broken by U.K. governments for years. Home Secretary Priti Patel said the government would bring in new laws so it could “stop those who come here illegally making endless legal claims to remain” and “expedite the removal of those who have no claim for protection.” (AP Photo/Frank Augstein, file)

Home Secretary Priti Patel said the government would bring in new laws so it could “stop those who come here illegally making endless legal claims to remain” and “expedite the removal of those who have no claim for protection.”

Patel said in a speech to a virtual Conservative Party conference that the changes would be “the biggest overhaul of our asylum system in decades.”

She said Britain would continue to “provide safe haven to those fleeing persecution, oppression or tyranny.”

Patel’s hardline rhetoric was designed to appeal to voters concerned at a surge in the number of people crossing the English Channel from France in small boats. Thousands have made the journey this year, most over the summer.

Opposition Labour Party immigration spokesman Nick Thomas-Symonds said the Conservatives were “devoid of compassion and competence” on immigration.

Migrants have long used northern France as a launching point to reach Britain by stowing away in trucks or on ferries. Many appear to have turned to small boats organized by smugglers during the coronavirus pandemic because virus restrictions have reduced vehicle traffic between France and Britain.

Patel’s speech follows reports in recent weeks that the government considered ideas including building a wave machine in the Channel to deter boats and processing asylum-seekers on Ascension Island, a remote volcanic island more than 4,000 miles (6,435 kilometers) from the U.K.

The government dismissed some of the more far-fetched claims, but Patel said she would “explore all practical measures and options to deter illegal migration.”

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UK Government Says It Will Reform ‘Broken’ Asylum System | World News

LONDON (AP) — Britain’s interior minister vowed Sunday to stop people entering the country clandestinely and to fix what she called a “broken” asylum system, echoing commitments that have been made and broken by U.K. governments for years.

Home Secretary Priti Patel said the government would bring in new laws so it could “stop those who come here illegally making endless legal claims to remain” and “expedite the removal of those who have no claim for protection.”

Patel said in a speech to a virtual Conservative Party conference that the changes would be “the biggest overhaul of our asylum system in decades.”

She said Britain would continue to “provide safe haven to those fleeing persecution, oppression or tyranny.”

Patel’s hardline rhetoric was designed to appeal to voters concerned at a surge in the number of people crossing the English Channel from France in small boats. Thousands have made the journey this year, most over the summer.

Opposition Labour Party immigration spokesman Nick Thomas-Symonds said the Conservatives were “devoid of compassion and competence” on immigration.

Migrants have long used northern France as a launching point to reach Britain by stowing away in trucks or on ferries. Many appear to have turned to small boats organized by smugglers during the coronavirus pandemic because virus restrictions have reduced vehicle traffic between France and Britain.

Patel’s speech follows reports in recent weeks that the government considered ideas including building a wave machine in the Channel to deter boats and processing asylum-seekers on Ascension Island, a remote volcanic island more than 4,000 miles (6,435 kilometers) from the U.K.

The government dismissed some of the more far-fetched claims, but Patel said she would “explore all practical measures and options to deter illegal migration.”

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Nanox Announces Live Demonstration of its Nanox.ARC System at Radiology Society of North America (RSNA) 2020

Nanox Announces Live Demonstration of its Nanox.ARC System at Radiology
Society of North America (RSNA) 2020

NEVE ILAN,  Israel, Oct.  01,  2020 (GLOBE  NEWSWIRE)  -- NANO-X  IMAGING  LTD
(NASDAQ: NNOX)  (“Nanox”  or the  “Company”),  an innovative  medical  imaging
technology company, is pleased to announce today that it will demonstrate  its
novel technology (Nanox.SOURCE) and medical imaging system (Nanox.ARC) at RSNA
2020, which is being held November 29-December 5 in Chicago.

The demonstration will  include a  technology section  elaborating on  Nanox’s
first commercial-grade digital x-ray source  followed by a live  demonstration
of the Nanox.ARC in a range of 2D and 3D medical imaging procedures.

The demonstration  will  be led  by  Mr.  Ran Poliakine,  Chairman  and  Chief
Executive Officer  of Nanox,  and  will be  live  streamed globally.  It  will
include  a  professional  radiology  Q&A  session  followed  by  lectures  and
presentations of clinical applications of the Nanox.ARC medical imaging system
by well-known radiologists and Company distribution partners.

Mr. Poliakine stated: “We are pleased to invite everyone to witness first-hand
our technology and the  Nanox.ARC at the  RSNA. We have  an ambitious goal  of
making  medical  imaging  widely  available  on  a  global  basis  to  promote
preventive healthcare  through  early  detection. Two-thirds  of  the  world’s
population currently have no access to medical imaging, and we aim to  improve
this statistic. We look forward to this demonstration which will allow  people
to see the depth and validity of our technology.”

About Nanox:

Nanox, founded  by  the  serial  entrepreneur Ran  Poliakine,  is  an  Israeli
corporation  that  is  developing  a  commercial-grade  digital  X-ray  source
designed to be used in real-world medical imaging applications. Nanox believes
that its  novel technology  could significantly  reduce the  costs of  medical
imaging systems and plans to seek collaborations with world-leading healthcare
organizations and  companies to  provide affordable,  early detection  imaging
service for all. For more information, please visit www.nanox.vision.

Forward-Looking Statements:

This press release may contain forward-looking statements that are subject to
risks and uncertainties. All statements that are not historical facts
contained in this press release are forward-looking statements. Such
statements include, but are not limited to, any statements relating to the
initiation, timing, progress and results of Nanox's research and development,
manufacturing and commercialization activities with respect to its X-ray
source technology and the Nanox.ARC. In some cases, you can identify
forward-looking statements by terminology such as “can,” “might,” “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”
“should,” “could,” “expect,” “predict,” “potential,” or the negative of these
terms or other similar expressions. Forward-looking statements are based on
information Nanox has when those statements are made or management's good
faith belief as of that time with respect to future events, and are subject to
risks and uncertainties that could cause actual performance or results to
differ materially from those expressed in or suggested by the forward-looking
statements. Factors that could cause actual results to differ materially from
those currently anticipated include: risks related to business interruptions
resulting from the COVID-19 pandemic or similar public health crises could
cause a disruption of the 
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Nanox Announces Live Demonstration of its Nanox.ARC System at Radiology Society of North …

NEVE ILAN, Israel, Oct. 01, 2020 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, is pleased to announce today that it will demonstrate its novel technology (Nanox.SOURCE) and medical imaging system (Nanox.ARC) at RSNA 2020, which is being held November 29-December 5 in Chicago.

The demonstration will include a technology section elaborating on Nanox’s first commercial-grade digital x-ray source followed by a live demonstration of the Nanox.ARC in a range of 2D and 3D medical imaging procedures.

The demonstration will be led by Mr. Ran Poliakine, Chairman and Chief Executive Officer of Nanox, and will be live streamed globally. It will include a professional radiology Q&A session followed by lectures and presentations of clinical applications of the Nanox.ARC medical imaging system by well-known radiologists and Company distribution partners.

Mr. Poliakine stated: “We are pleased to invite everyone to witness first-hand our technology and the Nanox.ARC at the RSNA. We have an ambitious goal of making medical imaging widely available on a global basis to promote preventive healthcare through early detection. Two-thirds of the world’s population currently have no access to medical imaging, and we aim to improve this statistic. We look forward to this demonstration which will allow people to see the depth and validity of our technology.”

About Nanox:

Nanox, founded by the serial entrepreneur Ran Poliakine, is an Israeli corporation that is developing a commercial-grade digital X-ray source designed to be used in real-world medical imaging applications. Nanox believes that its novel technology could significantly reduce the costs of medical imaging systems and plans to seek collaborations with world-leading healthcare organizations and companies to provide affordable, early detection imaging service for all. For more information, please visit www.nanox.vision.

Forward-Looking Statements:

This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements. Such statements include, but are not limited to, any statements relating to the initiation, timing, progress and results of Nanox’s research and development, manufacturing and commercialization activities with respect to its X-ray source technology and the Nanox.ARC. In some cases, you can identify forward-looking statements by terminology such as “can,” “might,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “should,” “could,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information Nanox has when those statements are made or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to business interruptions resulting from the COVID-19 pandemic or similar public health crises could cause a disruption of the development, deployment or regulatory clearance of the Nanox System and adversely impact our business; Nanox’s

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The Economic system And Government, Wealth, And Unemployment

Political science has a relationship within the study of law. Its function is to manage The Majority strictly, in addition to all others among the many folks, primarily to guard The Individual’s God-given, unalienable rights and due to this fact for the protection of the rights of The Minority, of all minorities, and the liberties of individuals normally.

And Guns or gun management had nothing or little or no to do with it. The German individuals have been trying to rebuild from the ashes of WW1 without assist from anyone else. The structure did put it easy that legislation department made the laws, the chief department carries out the legal guidelines and the judicial department interprets the laws (State Legislation, 2019).

If we do nothing and not let our government know that we are good informed Americans, who will not let our Nation be bought out for Cash, Power and Greed. The government banned sure weapons in Australia and a gun mafia was not created. The United States has federal, state and local government.

After World Conflict I, the German government, by order of the Treaty of Versailles, stripped all residents of their proper to personal weapons. The way in which that the individuals of France eradicated their Oligarchical government was to terminate the lives of the highly effective elites.

So versus when the framers were growing the structure when there was a transparent divide between favoring a robust nationwide government and states’ government, in modern times there seems to be a pattern of favoring either side with much much less battle.…

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