ERATO BRYN

The Australian government is planning to spend AUD 190 billion (USD 132 billion) to support the economy in response to COVID-19, according to the latest Parliamentary Budget Office estimate. The total impact of COVID-19 on the government’s net debt, including both revenue impacts (down, because of less activity) and spending impacts (up because of spending to support the economy) amounts to between 11% and 18% of gross domestic product, or AUD 500 billion to AUD 620 billion. The estimates are based on the three possible scenarios developed by the Reserve Bank: “downside”, “baseline” and “upside”. Each differ in their assumed timing of the relaxation of social distancing and other restrictions, and for how long uncertainty and diminished confidence weigh on households and business activity. With similar blow-outs around the world, a view gaining ascendancy, including amongst commentators such as Alan Kohler, is that government debt doesn’t matter – provided the government owes the money

Image:itsnewsafrica After reading that Excerpt in a local Newspaper of a warning from the Kenyan Government to those carrying out operations with Crowd1, I delved into the matter and dug deeper to understand what really Crowd1 is.? Here are some of the countries that Crowd1 have been red flagged with reasons. My experience with them too. JOHANNESBURG, SOUTH AFRICA : the regulator of Financial Services Providers (FSPs) has issued a public warning about Crowd1 being a suspected pyramid scheme that has been banned in Namibia and the Philippines. ‘Crowd1 is neither an authorised FSP nor a representative of one, and there is also no record of it having applied for a licence with the FSCA’, the regulator said. The FSCA has referred Crowd1 to the SA Reserve Bank, where it is being investigated. This is after reports surfaced of Eben Etzebeth and Duane Vermeulen- Springbok Rugby Players, being investors in Crowd1. The       FSCA is advising the public to only contract business with regi

From monetary policy mishandling to decentralisation of a wealth store, Bitcoin has proven to act as a solution to many financial problems. Bitcoin could also be a lead solution to Venezuela’s sanctioned oil now floating at the sea. There is more than 18 million barrels of Sanctioned oil belonging to Venezuela currently not in good use but just floating on the sea.   Venezuela is one of many countries under strict sanctions from the United States. The US has been applying pressure to the country recently, seeking to cut off revenue flow to the regime. President Nicolas Maduro launched a cryptocurrency backed by oil, the petrol, in an attempt to skate sanctions. Trump banned the cryptocurrency in the United States. Due to the sanctions, and conditions in the oil market, Venezuela has over 18 million barrels of oil just floating at sea. This amounts to roughly two months of production in the country, unable to be monetised due to sanctions.   Countries won’t do business with Ve

  Here is walk-through of the 3 favourite new features in Android 11.   Conversation Notifications. The previous versions of android would have notifications flowing through inconsistently, timely messages would be hidden under less important app notifications. In Android 11 however, notifications for conversations can be categorised into three’s where the most critical messages always slide in at the top.   These categorisation tiers also apply to specific conversations within different messaging apps. (Notably, these are referred to as Conversations in the Android 11 settings panel.) For instance, you can choose whether a beloved group text in Android Messages gets priority over the ongoing thread with your immediate family in WhatsApp. Long press on an individual conversation in the notification shade to categorise it. If it’s classified a Priority, you’ll see a tiny, unique icon indicator populate in the status bar when there’s a new message within that specific thread.