continue reading » 26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr April is Financial Literacy Month, created to educate Americans about their personal finances and help them achieve financial wellness.One of the greatest risks to good financial health is the ever-present threat of fraud. In today’s digital world it can be all too easy to fall victim to card fraud in particular, hurting consumers, denting their trust, and costing U.S. card issuers $8 billion annually.While the advent of EMV cards has led to significant strides in combating in-store fraudulent transactions, EMV is only a partial answer in the overall war against fraud as it does not mitigate card not present (CNP) fraud.In fact, because of the positive impact of EMV, a large percentage of fraud is moving to CNP transactions.Here are three ways to empower members to help you combat card fraud.
TODAY marks the final racemeet before Christmas, and with the 10-race programme offering a $5.4 million Pick-9 carryover, a payout in excess of $8 million looks a real possibility.Three trophy races will be run on the afternoon, including the annual renewal of the Sweet Ruckus Trophy over 1400 metres for native and imported two-year-olds, with a purse of $850,000.The other trophy races on the card are the round-five Stewards’ Cup for maiden two-year-old colts and geldings, and the Restricted Allowance II for the Titania Trophy over 1100 metres, which is confined to fillies and mares.The Philip Feanny-trained BUBBLING KITTEN, who impressed in the Dye Job Sprint, over 1200 metres, on December 12, renews rivalry with the runner-up and then-favourite, BLUE DIXIE, in a small field of six, and judging from the manner of her victory, she looks hard to oppose.Dye Job SprintBUBBLING KITTEN beat BLUE DIXIE by all of six and a half lengths in the Dye Job Sprint, covering the distance in the smart time of 1:13.1 under former champion jockey Wesley ‘Callaloo’ Henry, who again has the ride.With the tongue tie fitted for that race, the bay filly, by Blue Pepsi Lodge out of Shanna D, showed good speed to dispute the early lead with RALLY BABY and skittered away on entering the straight for a facile win, behind splits of 23.0 and 46.1.She is still extremely fit, and with the additional furlong no obstacle, should lead home Gary Subratie stable companions BLUE DIXIE and GOLDEN GLORY.Subratie indicated last Saturday that BLUE DIXIE had some minor issues for the Dye Job Sprint, but is expecting a better race today, and has called up outgoing champion jockey Dane Nelson to try and make a difference. BLUE DIXIE looks a safe exacta horse.I also like the well-advanced newcomer, SIR RAJA BABA (working well) to lead home EQUUS in the Stewards’ Cup, in which nine two-year-olds will run; fleet-footed FIRE ALARM ahead of COMMANDING AVIATOR in the Titania Trophy; MESSITHEGREAT to recoup losses in the sixth; CRUCIAL VALOR in the seventh; and PRINCESS SHEMIKA to stave off CHEERS in the eighth.
The final week of the prep football regular season is here and the Little 4 Conference, after five hotly contested weeks of league play, remains wide open as Arcata High, Ferndale and Hoopa all have shots at claiming at least a piece of the Little 4 crown tonight. Over in the Big 5 Conference, Eureka will look to secure an outright league title tonight when it heads south to face Fortuna, and Del Norte will try to slow down the scoring machine that is St. Bernard’s on Saturday when it returns …
25 February 2014 A delegation of 40 business people, headed by Deputy Trade and Industry Minister Elizabeth Thabethe, departed for India on Monday on a five-day mission to promote South Africa as a trade and investment destination. The Department of Trade and Industry (DTI) said in a statement on Monday that its fifth annual Investment and Trade Initiative in India would target the promotion of South Africa’s agro-processing, beneficiated metals and mining technology, automotive components and electro-technical sectors. The mission, which will include trade and investment seminars, mini-exhibitions and business-to-business meetings in Chennai and Mumbai, is looking to “generate trade leads, identify potential buyers and build a presence and image of South Africa’s diverse sector in India,” the DTI said. According to Thabethe, India’s fast-growing economy is expected to play an important and growing role in the global economy in coming years. “World trade patterns are changing, and trade with India is of growing importance to South Africa,” she said, adding that predictions that India’s economy would recover to its previous high levels in the coming years were good news for South Africa. South Africa’s trade with India has doubled over the last five years, with minerals such as gold, diamonds and platinum, base metals, chemical products and machinery making up the bulk of exports. “India has been one of our top 10 trading partners for the past few years and is now our fifth-largest export destination and sixth-largest source of imports,” Thabethe said. SAinfo reporter
By 2016 50% of Africa’s population will be living in cities and there will be 65 cities with populations over 1-million. By 2030 the 18 largest African cities will have a combined spending power of $1.3-trillion. While Africa’s rapidly urbanising population is creating new markets it presents infrastructure and humanitarian challenges.Click image for a larger view.
Share Facebook Twitter Google + LinkedIn Pinterest U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) unveiled the results of an econometric study showing that excessive farm support in several advanced developing countries could cost U.S. wheat farmers nearly $1 billion in revenue every year. USW recently showed that the governments of China, India, Turkey and Brazil have dramatically increased subsidies for domestic wheat production over the past ten years to levels that far exceed their World Trade Organization (WTO) agreements. This study confirms that these policies have a detrimental effect on U.S. and world wheat farmers and global wheat trade.“I believe we have shown through these studies that the old perceptions about farm support and trade are clearly wrong,” said Alan Tracy, USW President. “Today, it is the farm subsidies in a few advanced developing countries, not developed country policies, which disrupt normal trade flows and distort world wheat prices. These rapidly growing subsidies cause direct, serious and now measurable impacts on the prices that U.S. farmers receive for their grain.”Noted agricultural economist Dermot Hayes and two of his colleagues at Iowa State University conducted the study. The goal was to determine what would happen to U.S. and global wheat production, trade and prices if domestic support in China, India, Turkey and Brazil were removed. To accomplish this, Hayes and his colleagues applied the price support and input subsidy data identified in a November 2014 study by DTB Associates to the respected CARD-FAPRI econometric model. Results showed that if all support were removed from all four countries, annual U.S. wheat production would increase by more than 53 million bushels, farm gate prices would increase by nearly $0.30 per bushel and U.S. wheat farmers would receive $947 million more in annual revenue.“The results confirm that if domestic support were removed wheat prices in the countries modeled would go down and farmers would plant less wheat, but domestic consumption would go up,” Hayes said. “The lower supply would lead to higher global wheat prices, which tend to benefit wheat exporting countries including the United States.”The study also indicated that with such changes, wheat trade flows would shift and the four countries would increase net imports by nearly 10 million metric tons (MMT). Hayes said the model estimated the United States would capture more than 20% of such an increase to export an additional 2.2 MMT compared to the model’s baseline if there were no changes in domestic support in those countries.Hayes’ team also used the model to predict the net effect that eliminating support in individual countries would have. Those results indicated that domestic support for Chinese wheat production alone has the largest individual effect. If support there ended, Chinese imports would grow from nearly 2 MMT per year to more than 7.5 MMT per year. This would still be less than the 9 MMT annual tariff rate quota that China agreed to in its WTO accession commitments. Hayes said the model showed that even with the predicted changes, China, India, and Turkey would continue to be at least 90% self-sufficient in wheat production. Eliminating domestic support would have the least effect in Brazil where support levels are lower than the other countries. Shifting the narrativeHayes also noted that this study compares future scenarios to data from a market situation in which wheat cash prices were significantly higher than they are now. For example, in addition to Chinese government input subsidies coupled to wheat production, the DTB Associates study in 2014 showed Chinese farmers have government minimum support prices of more than $10.00 per bushel.“Wheat prices have plummeted more than 30% since last year, a significant portion of which is due to these countries’ market distorting policies, which send the wrong signals to their farmers. This hurts American family farms like mine even more,” said Brett Blankenship, who grows soft white wheat near Washtucna, Wash., and is the current President of the National Association of Wheat Growers (NAWG).Referring to current negotiations in the Doha round, Blankenship added, “It is totally unacceptable to tolerate demands from countries who are in violation of their WTO commitments, who continue with these huge levels of support while demanding concessions from the United States. The American wheat farmer will not give away any more.”WTO records show that the United States has consistently met its commitments, never exceeding its Aggregate Measure of Support (AMS) limit of $19.1 billion. But other country’s proposals made as part of the Doha round would require the United States to drastically cut its limit, while members with growing programs would not be expected to make meaningful contributions. Deputy U.S. Trade Representative Amb. Michael Punke has called this a “mind-boggling imbalance” that firmly underpins the U.S. position that it is critical to put facts on the table for a frank discussion about the real dynamic of world agricultural production and trade.The new study indicated that wheat farmers outside of the four countries analyzed would benefit by reducing domestic supports. Hayes said the model showed global wheat cash prices would increase by more than four percent and world net trade would increase by five percent if domestic support is removed in all four countries. The study suggested that there would be benefits even from partial changes in price supports and input subsidies, although Hayes said the magnitude of the cash price and trade increase would depend on the size of the removal in each country.“Since these subsidies are the acts of sovereign governments, our farmers cannot battle them alone. We are working with USTR and USDA to determine our next steps, including a possible WTO challenge,” Tracy concluded.USW and NAWG have posted the entire report online at www.uswheat.org/policy and http://www.wheatworld.org/issues/trade/. Results of the two DTB Associates studies measuring domestic support in advanced developing countries, visit www.dtbassociates.com/docs/DomesticSupportStudy11-2014.pdf andwww.dtbassociates.com/docs/domesticsupportstudy.pdf. For a third party analysis of individual policy measures by country, visit http://www.oecd.org/tad/agricultural-policies/producerandconsumersupportestimatesdatabase.htm#country.
APTN National NewsThe death of a First Nations girl in Ontario has ignited a debate between supporters of traditional Aboriginal healing methods and western medicine.Can the two comfortably co-exist?APTN’s Delaney Windigo takes us to one medical centre in Toronto that is successfully blending the two ways of healing.