Virgin Galactic Stock Finds Its First Fan on Wall Street – Motley Fool

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

New space tourism company Virgin Galactic (NYSE:SPCE) says that after reverse merging into shell company Social Capital Hedosophialast week, it in effect created "the World's First and Only Publicly Traded Commercial Human Spaceflight Company."

To one analyst on Wall Street, that fact alone is reason enough to buy the stock.

This morning, investment banker Vertical Research announced it is initiating coverage of Virgin Galactic with a $20 price target and a buy rating -- the first such Wall Street firm to do so.

Vertical cited two main reasons for endorsing Virgin Galactic. The first is that simple fact that at present, Virgin Galactic is the only pure play on human spaceflight that an individual investor can invest in, anywhere in the world. Sure, there are other ways to invest in spaceflight:

And there are also other pure plays on manned spaceflight, such as Blue Origin or SpaceX -- but neither of those is currently publicly traded.

Virgin Galactic is.

And yet, more than a week after Virgin Galactic began trading on the NYSE, no one else on Wall Street has recommended buying the stock. Why is that?

Investors got a good look at some of those potential reasons last week, when the company filed an 8-K with the SEC describing a few of its key financial metrics.

In that report, Virgin revealed that, for example, it has very little revenue at present -- only about $2.4 million in sales booked over the past six months -- and that it's losing a lot of money as it prepares to begin commercial operations ($96.4 million in net losses accrued year to date).

Of course, this is all probably to be expected.

Already, Virgin Galactic has arguably proven its spacecraft capable of flying well-heeled tourists to the edge of space and returning them to Earth safely. It's taken in some $81.1 million in prepayments from more than 600 would-be passengers. However, Virgin doesn't get to book those payments as revenue until it actually provides the service for which the passengers have paid -- and after pushing its launch date once again last month, the company now says it doesn't expect to begin commercial operation until next year.

In Vertical Research's opinion, this may be the real reason investors have shown themselves to be leery of Virgin Galactic stock: Until the company flies a bunch of tourists to space and brings them back safely, there's going to be a lingering suspicion that itcannot. And perhaps this is the real reason why after Virgin's shares began trading, theyended last week down 18%.

That's a steep hit to take so early in the space game, but as Vertical Research explains today in a note covered by TheFly.com, if what investors are worried about is Virgin's "technical" ability to successfully build and fly a spaceship for space tourism, well, that risk is "less draconian than the stock appears to be pricing in."

Over the past five years, multiple successful test flights since the crash that destroyed the company's first SpaceShipTwo in 2014 have gone off without a hitch. And if Virgin is delaying its first commercial flight a bit longer than investors might like, well, if it's doing this out of an abundance of caution, then that's not something to criticize -- but to applaud.

Mind you, I don't know that I'm 100% convinced that Vertical is right to value Virgin Galactic shares at $20 -- I'm going to need to see proof of the revenue the company can make, and proof that it can be made profitably before I make that call. But as far as the technical risk goes, I agree with Vertical Research on this one:

Virgin Galactic stock at less than $10 looks like a good bet to me -- and I'd bet that as soon as that first commercial flight breaks above the Karman line, shares will go higher.

Read the original:

Virgin Galactic Stock Finds Its First Fan on Wall Street - Motley Fool

Are there any realistic spaceflight technologies from Star Wars? – MIT Technology Review

There are actually quite a few technologies in the movies that have some real-life counterparts. Were beginning to see roboticists build machines that move around and operate like droids. Biotech engineers are developing high-tech prosthetics to replace or augment lost or damaged limbs. People are using holograms more and more in many different industries (especially in medicine). And humanity continues its never-ending pursuit to make the flying car happen.

Unfortunately, when it comes to space technology, Star Wars takes liberties to new extremes. There is practically nothing real about its depiction of spaceflight. In real life, getting a single rocket off the surface of Earth and into space takes an excruciating amount of power and effort. Its a process where a zillion things could go wrong and lead to catastrophic failure. And ships dont move like airplanes in the vacuum of space.

To be fair, there are some aspects presented in Star Wars (and other works of science fiction) that scientists and engineers want to make into reality. One of the best examples is the artificial gravity depictedinside these ships. The lack of gravity in space can cause a host of problems for human bodies, and artificial gravity could help mitigate these effects.

In Star Wars, whether its on a space station as giant as the Death Star or inside a craft as small as an X-wing, the artificial gravity is just there, like some kind of ether. It makes no sense.

Still, many experts think we could simulate gravity in space by generating a high amount of centripetal force, la 2001: A Space Odyssey.The closest humans have ever come to producing this effect was during NASAs Gemini 8 mission in 1966, and this was only because an accident induced a high acceleration that forced the mission to terminate early.Later that year, Gemini 11 attempted to produce artificial gravity through rotation. The effect was too small to be felt by the astronauts onboard, although small objects were seen falling toward the end of the capsule.

While artificial gravity is not a high priority right now for anybody, experts continue to pitch new proposals for studying its implementation. Were likely to see them taken more seriously as we pursue more long-duration missions. The general idea that you could simulate terrestrial gravity in a spacecraft is not unthinkable. It just requires a lot of smart engineering and the type of money and resources that exceed some countries annual GDPs.

Excerpt from:

Are there any realistic spaceflight technologies from Star Wars? - MIT Technology Review

The White House puts a price on the SLS rocketand it’s a lot – Ars Technica

Enlarge / Technicians at NASAs Michoud Assembly Facility in New Orleans moved the Space Launch System's liquid hydrogen tank from the factory to the dock, where it was loaded onto the Pegasus barge on Dec. 14, 2018.

NASA/Steven Seipel

After the Senate Appropriations Committee released its fiscal year 2020 budget bill in September, the White House Office of Management and Budget responded with a letter to share some "additional views" on the process. This letter (see a copy), dated October 23 and signed by acting director of the White House budget office Russell Vought, provides some insight into NASA's large Space Launch System rocket.

Congress has mandated that NASA use the more costly SLS booster to launch the ambitious Europa Clipper mission to Jupiter in the early 2020s, while the White House prefers the agency to fly on a much-less-expensive commercial rocket. In a section discussing the Clipper mission, Vought's letter includes a cost estimate to build and fly a single SLS rocket in a given yearmore than $2 billionwhich NASA has not previously specified.

"The Europa mission could be launched by a commercial rocket," Vought wrote to the chairman of the Senate Appropriations Committee, Alabama Republican Richard Shelby. "At an estimated cost of over $2 billion per launch for the SLS once development is complete, the use of a commercial launch vehicle would provide over $1.5 billion in cost savings. The Administration urges the Congress to provide NASA the flexibility called for by the NASA Inspector General."

Independent estimates have pegged the SLS cost this high, but NASA has never admitted it. A $2 billion cost to launch one SLS rocket a year raises significant questions about the sustainability of such an exploration programthe government killed the similarly sized Saturn V rocket in the early 1970s because of unsustainable costs.

The letter also references a report published by NASA's Inspector General Paul Martin last May, which recommended that NASA scientists and engineers, rather than Congress, choose the best rocket for their science mission to Jupiter's Moon Europa. This report, however, placed a much lower cost estimate on the SLS rocket. It stated that "NASA officials estimate the third SLS Block 1 launch vehicles marginal cost will be at least $876 million."

This discrepancy can likely be explained by the difference between marginal costs and marginal plus fixed costs. Martin's estimate is for "marginal" cost alone, meaning how much it would cost NASA to build an additional rocket in a given year. This likely does not apply to the Europa Clipper mission, however, as NASA would like to launch the Clipper spacecraft in 2023 or 2024, a time when the SLS rocket's core stage contractor, Boeing, will probably not be capable of building more than one booster a year.

The real cost for an SLS rocket should therefore include fixed costssuch factory space at NASA's Michoud Assembly in Louisiana, the workforce, and all of the other costs beyond a rocket's metal and other physical components. In other words, if you are only capable of building and flying one rocket a year, the total price must include fixed and marginal costs, which brings the SLS cost to "over $2 billion."

The political wrangling over the launch vehicle has put NASA and the Clipper mission planners at the Jet Propulsion Laboratory in California in a difficult position. There are basically three different rides to Jupiter, and each would involve modifications to the spacecraft. To make a 2023 launch, the Clipper's design really needs to be locked down soon.

The powerful SLS booster offers the quickest ride for the six-ton spacecraft to Jupiter, less than three years. But for mission planners, there are multiple concerns about this rocket beyond just its extraordinary cost. There is the looming threat that the program may eventually be canceled (due to its cost and the emergence of significantly lower cost, privately built rockets). NASA's human exploration program also has priority on using the SLS rocket, so if there are manufacturing issues, a science mission might be pushed aside. Finally, there is the possibility of further developmental delayssignificant ground testing of SLS has yet to begin.

Another option is United Launch Alliance's Delta IV Heavy rocket, which has an excellent safety record and has launched several high-profile missions for NASA. However, this rocket requires multiple gravity assists to push the Clipper into a Jupiter orbit, including a Venus flyby. This heating would add additional thermal constraints to the mission, and scientists would prefer to avoid this if at all possible.

A final possibility is SpaceX's Falcon Heavy rocket, with a kick stage. This booster would take a little more than twice as long as the SLS rocket to get the Clipper payload to Jupiter, but it does not require a Venus flyby and therefore avoids those thermal issues. With a track record of three successful flights, the Falcon Heavy also avoids some of the development and manufacturing concerns raised by SLS vehicle. Finally, it offers the lowest cost of the three options.

In the end, however, the rocket decision will probably not come down to technical and cost considerations. Politics, rather, will have the final say. And the Senator to whom Vought's letter was addressed, Richard Shelby (R-Ala.), has championed the SLS rocket for nearly a decade. (The vehicle is designed and managed at Marshall Space Flight Center in Alabama, his home state). So for NASA to get its Europa mission, which the science community generally agrees is a high priority due to the presence of a large water ocean beneath the Moon's icy surface, taxpayers may have to pay an additional $1.5 billion to placate a powerful policymaker.

View original post here:

The White House puts a price on the SLS rocketand it's a lot - Ars Technica

NASA’s Voyager Spacecraft May Have 5 Years Left to Explore Interstellar Space – Space.com

The twin Voyager probes are the ultimate spaceflight overachievers, but everyone knows their run can't last forever.

Right now, it's looking like the grizzled spacefarers have about five years before they fall silent, when they'll be no longer able to send word of their adventures back to the humans who have eagerly awaited their telegrams for 42 years and counting. The Voyagers' journey will continue indefinitely, but we will no longer travel with them.

"It's cooling off, the spacecraft is getting colder all the time and the power is dropping," Ed Stone, the mission's project scientist and a physicist at Caltech, said during a news conference held Oct. 31 in conjunction with the publication of a handful of new scientific papers. "We know that somehow, in another five years or so, we may not have enough power to have any scientific instruments on any longer."

Related: Voyager 2's Interstellar Trip Deepens Mysteries Beyond Solar System

Their success is unprecedented, even by NASA standards; the mission has lasted for two-thirds of the agency's existence. "We're certainly surprised but also wonderfully excited by the fact that they do [still work]," Stone said. "When the two Voyagers were launched, the Space Age was only 20 years old, so it was hard to know at that time that anything could last over 40 years."

Just as stunning as the spacecraft's longevity has been the longevity of a handful of instruments on board the probes. Four instruments on Voyager 1 continue to work; their twins and a fifth instrument are still gathering data on Voyager 2.

Stamatios Krimigis, a space scientist at the Johns Hopkins University Applied Physics Laboratory and the principal investigator of the mission's low-energy charged particles experiment, explained that the devices were designed to last just four years, during which they would need to conduct 250,000 turns of a motor (dubbed "steps") to take measurements. Both versions of the experiment are still running.

"That device has been stepping every 192 seconds for the last 42 years," Krimigis said during the news conference. "It's close to 8 million steps, and we're absolutely amazed that it's still working."

The Voyager spacecraft launched two weeks apart in 1977, taking slightly different trajectories past Jupiter and Saturn. Then, the probes parted ways. Voyager 1 scouted out Saturn's moon Titan and then made a beeline out of our solar system; Voyager 2 took a more leisurely route, giving humans our only look at Uranus and Neptune.

Related: NASA's Voyager 2 Went Interstellar the Same Day a Solar Probe Touched the Sun

Their longevity has translated to speed and distance that are difficult to fathom. Both spacecraft are traveling at more than 30,000 mph (48,000 km/h). On NASA's tracking page for the mission, each spacecraft's odometer ticks up by 10 miles (16 kilometers) or more twice a second, a constant churn that makes the passage of time suddenly excruciating.

But the Voyagers are traveling at nowhere near the speed of light (186,000 mps, or 300,000 km/s), as their messages do. And yet, it takes nearly 17 hours for messages from Voyager 2 to travel back to Earth and more than 20 hours for those sent by Voyager 1. A whole meme cycle can roil the internet here on Earth between a message's dispatch and its arrival.

The probes' distance only makes them more compelling emissaries. A year ago, the mission checked off yet another achievement when Voyager 2 followed its twin through the bubble that surrounds our solar system. In just a couple of hours, Voyager 2 went from being surrounded by material born in the sun to being bathed by the local neighborhood a transition Voyager 1 had made in 2012.

Stone and Krimigis spoke to mark the publication of the first batch of scientific papers comparing the two crossings. The twin spacecraft's transitions to interstellar space have been similar but not identical, variations on a theme that humans have no concrete plans to experience again anytime soon. Unless something very dramatic happens in the universe around us, Pluto veteran New Horizons, like the Pioneer spacecraft before it, will fall silent long before it escapes our little bubble.

What the Voyager mission has made clear, the scientists speaking at the news conference said, is that two crossings are hardly enough to begin understanding this bubble and that, nevertheless, the spacecraft have completely changed what we know about it.

"We had no good quantitative idea of how big this bubble is that the sun creates around itself," Stone said. "We didn't know how large the bubble was, and we certainly didn't know that the spacecraft could live long enough to reach the edge of the bubble and leave the bubble and enter interstellar space, at least nearby interstellar space."

And now, of course, they do.

"This has really been a wonderful journey," Stone said.

Editor's note: This story has been updated to correct a value for the speed of light. Email Meghan Bartels at mbartels@space.com or follow her @meghanbartels. Follow us on Twitter @Spacedotcom and on Facebook.

Read more from the original source:

NASA's Voyager Spacecraft May Have 5 Years Left to Explore Interstellar Space - Space.com

NASA Has a New Method For Cooling Down Electronics Crammed Together in a Spacecraft – Universe Today

The race is on to find life in other places in the Solar System, from underground reservoirs on Mars to the subsurface oceans on Europa and Enceladus.

If spacecraft, rovers or even astronauts make the momentous discovery of life on another world, thatll just open up new questions. Did it originate all on its own, completely independently from Earth, or are we somehow related? And if we are related, how long ago did our evolutionary trees branch away from each other.

Even though Mars is millions of kilometers away, it could be possible that were still related thanks to the concept of Panspermia; the idea that meteor impacts could transfer rocks and maybe even living creatures from world to world.

But could you go one step further? If we find life on another star system, could we discover that were actually related to them too? Is Galactic Panspermia possible?

Our Book is out!

Audio Podcast version:

ITunes: https://itunes.apple.com/us/podcast/universe-today-guide-to-space-audio/id794058155?mt=2

RSS: https://www.universetoday.com/audio

What Fraser's Watching Playlist:

Weekly email newsletter:

https://www.universetoday.com/newsletter

Weekly Space Hangout:

https://www.youtube.com/channel/UC0-KklSGlCiJDwOPdR2EUcg/

Astronomy Cast:

https://www.youtube.com/channel/UCUHI67dh9jEO2rvK--MdCSg

Support us at https://www.patreon.com/universetoday

More stories at https://www.universetoday.com/

Twitch: https://twitch.tv/fcain

Follow us on Twitter: @universetoday

Like us on Facebook: https://www.facebook.com/universetoday

Instagram - https://instagram.com/universetoday

Team: Fraser Cain - @fcain / [emailprotected]

Karla Thompson - @karlaii / https://www.youtube.com/channel/UCEItkORQYd4Wf0TpgYI_1fw

Chad Weber - [emailprotected]

References:

https://www.hoyle.org.uk/resources/virusesfromspacecompressed.pdf

https://www.lpi.usra.edu/lpi/meteorites/The_Meteorite.shtml

https://www.planetary.org/blogs/emily-lakdawalla/2013/03211549-lpsc-hermean-meteorite.html

https://www.dlr.de/me/en/desktopdefault.aspx/tabid-1752/2384_read-54290/

https://memory-alpha.fandom.com/wiki/Humanoid

https://phys.org/news/2018-08-timescale-evolution-life-earth.html

https://arxiv.org/ftp/arxiv/papers/1011/1011.0101.pdf

https://www.planetary.org/blogs/guest-blogs/2013/20130926-gravity-assist.html

https://arxiv.org/abs/1011.0101

https://phys.org/news/2010-11-necropanspermia-seeding-life-earth.html

https://academic.oup.com/mnras/article/198/3/723/1012846

https://arxiv.org/pdf/1910.06414.pdf

https://www.nasa.gov/feature/goddard/2019/hubble-observes-1st-confirmed-interstellar-comet/

https://academic.oup.com/mnras/article/476/3/3031/4909830

https://nssdc.gsfc.nasa.gov/planetary/hyakutake.html

Support Universe Today podcasts with Fraser Cain

Read more:

NASA Has a New Method For Cooling Down Electronics Crammed Together in a Spacecraft - Universe Today

Seeds of Europe’s ‘migrant crisis’ are in Europe – Mail and Guardian

If you ask an African migrant in Europe who came across the Mediterranean Sea in a boat if they would make the journey again, most of them would say yes. Many of them had been on vans and trucks that took them across the dangerous Sahara Desert, and many of them had been onboard vessels that struggled to get across the choppy waters.They might have seen their fellow migrants die of thirst or of drowning, but none of that halts their conviction that theyd cross the sands and the seas again.

Harsh treatment by European border guards and an overwhelming experience of racism inside European society do not bring regret or suggest that they would not do it again.

It was all to earn money, said Drissa from Mali. Thinking of my mom and my dad. My big sister. My little sister. To help them. That was my pressure. Thats why Europe.

A United Nations Development Programme report, released on 17 October, shows that 97% of the nearly 2 000 African migrants in Europe interviewed would take the same risks to come to Europe again knowing what they know now about the danger of the journey or what life in Europe would be like. What is powerful about this UN report is that it dispels the many myths about African migration.

There is a terrible view that Africans are somehow invading Europe, even worse swarming into Europe. Anti-immigration rhetoric speaks of building fences and creating a Fortress Europe. It is as if there is a war, and Europeans must arm themselves against invaders.

A year ago, the UNs Special Adviser on the Prevention of Genocide Adama Dieng warned that European politicians fan the flames with hateful rhetoric that is legitimising hatred, racism and violence. While extremists spread inflammatory language in mainstream political discourse under the guise of populism, hate crimes and hate speech continue to rise. Hate crimes constitute one of the clearest early-warning signs for atrocity crimes. At the UN in Geneva this May, Dieng a Senegalese lawyer said, Big massacres start always with small actions and language.

The UN report shows that the hatefulness around the African migrant is misplaced. The reasons for major flows of migration to Europe actually come from within Europe itself. Those leaving war zones Syria and Afghanistan in West Asia, but also Eritrea and Libya come in expected numbers as they flee bombs that are often produced inside Europe. These numbers are much higher than for those Africans who come to Europe for work.

In fact, more than 80% of African migrants stay on the continent. The proportion of African emigration out of the continent compared to Africas population is one of the lowest in the world, says the United Nations. Most of the migrants who go to Europe, according to European data, come by regular channels with a visit to the embassy, an application for a visa, the granting of the visa and then a flight into the country; irregular arrivals, many of whom might come by boat, are far fewer than those who come with a valid visa. It is racism that fails to acknowledge this reality.

If you dig into the numbers from the UNDP report, you find that 58% of the African migrants in Europe were either employed at home or in school when they decided to leave; most of the migrants had jobs and earned competitive wages. What drove them is the insecurity in their countries, and the fact that they felt they could earn more elsewhere. More than half of the migrants had been supported financially by their families to make the journey, and 78% sent back money to their families.

World Bank statistics show that remittances to African countries are growing. In line with the global trend, sub-Saharan Africa received more foreign exchange from remittances than from foreign direct investment (FDI).

In 2018, according to the World Bank, remittances to sub-Saharan Africa totalled $46-billion almost 10% more than in 2017. The countries that received high remittances were Comoros, Gambia, Lesotho, Cabo Verde, Liberia, Zimbabwe, Senegal, Togo, Ghana and Nigeria.

The total FDI flow into sub-Saharan Africa, according to the UN Conference on Trade and Development (UNCTAD), was $32-billion, up by 13% from 2017, but a significant amount less than the remittance flows.

Migrants who send money home are more important than the corporations and banks that bring investment dollars into these countries. Its too bad the bankers are treated better than the migrants.

Africa is on the threshold of a major debt crisis.

The last debt crisis was in the 1980s, as part of the broader Third World debt crisis. In the decolonisation period, Africa looted of its wealth by colonialism had to borrow money for development; these funds were large, but worse was the manipulation of dollar-denominated debt by the London Interbank Borrowing Rate (LIBOR) and by the US Treasurys interest rates.

Skyrocketing debt in the 1980s produced a long period of austerity and suffering. That debt simply could not be paid as long as multinational corporations effectively stole Africas resources and refused to pay taxes on that drain of wealth. This was the reason why initiatives such as the Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI) were created by the World Bank and the IMF in 1996 and 2005, respectively. By 2017, these initiatives provided $99-billion to reduce Africas debts from a debt-to-GNI (gross national income) ratio of 119% to 45%.

No change in the structure was made no assault on transfer mispricing and base erosion and profit shifting (BEPS), mechanisms used by Western-based multinationals to continue their plunder of the African continent. When the 2014 commodity price shock came, many African countries slipped gradually toward a new debt crisis. The new debts are not all government debt, but they include very high proportions of private-sector debt, which has tripled from $35-billion (2006) to $110-billion (2017) according to World Bank figures. Debt repayments have risen dramatically, which means that investments in health and education have declined, as has access to capital for small-scale private-sector businesses.

Currently, according to World Bank numbers, half of the 54 states in Africa struggle with high debt-to-GDP (gross domestic product) with many of these over the 60% threshold that signals a crisis. The rate of increase of this debt has set off alarms across the continent.

What does this mean?

It means that if there is any financial crisis in the West, it will draw away financing from Africa, plunge the region into another major debt crisis and set millions of people in search of better earning opportunities. Families and countries in Africa have come to rely upon these remittances. They are part of the structural fabric of finances.

Racism against the migrant is an enormous problem, and it must be tackled in itself.

But deeper than that is another problem that has grown as a result of no effective post-colonial policy the structural problem of the ongoing theft of resources from Africa, and of the lack of financing for the continent to develop its own potential. Allowing multinational firms to steal African resources, and allowing foreign banks to lend to Africa at virtually usurious conditions, simply creates a cycle of crisis that results in migration and remittances as the bandaids.

Europe does not have a refugee or migration crisis. The real crisis is in Africa, where the thief often a European firm continues to undermine the continents ability to breathe.

This article was produced by Globetrotter, a project of the Independent Media Institute.

Read more:

Seeds of Europe's 'migrant crisis' are in Europe - Mail and Guardian

Retired Admiral Says Turkey Pushing Refugee, Migrant Crisis on Greece – The National Herald

By TNH Staff November 5, 2019

FILE - Refugees and migrants take part in a protest outside an overcrowded refugee camp on the Greek island of Samos, on Friday, Oct. 18, 2019. (AP Photo/Michael Svarnias)

ATHENS A timid European Union is allowing Turkey to have keep sending refugees and migrants overwhelming Greek islands with a new crisis and wont confront Turkish President Recep Tayyip Erdogan to stop it, Retired Admiral Konstantinos Ginis said.

The honorary chief of Greeces armed forces told SKAI TV that Greece is facing an asymmetrical threat from Turkey and that the EU is incapable and unwilling to deal with the issue, except except superficially, putting money into it, reluctant to take on the tough Turkish leader.

He said that Greece needs to change course toward Turkey Greece supports Turkeys long-delayed hopes of joining the EU with the former military leader saying the new New Democracy government should the condemn the 2016 EU-Turkey agreement on migration and get a new deal that would require other EU countries to take in refugees and migrants.

The EU has closed its borders to them and reneged on promises to help take some of the overload of some 78,000 refugees and migrants being held in detention centers and camps, including more than 33,00 on islands.

Technically violating the EU deal, Greeces new government is going to move thousands off islands to the mainland and Prime Minister Kyriakos Mitsotakis said his goal is to send back 20,000 to Turkey who arent eligible for asylum, for which virtually all have applied.

New Democracys toughening of asylum procedures and plans to speed applications but also deportations was criticized by human rights groups who dont want anyone returned and said the policy should be more lenient.

Greece must also stress to Turkey that its failure to help slow the flow across the Aegean to Greek islands is an act of aggression, Ginis said, but no Greek government has been willing to do anything with Erdogan other than plead with him.

Ginis dismissed efforts by the government to speed up the asylum procedure as a tertiary issue, saying that the focus needs to be on why all these people are coming and how.

Do we have a strategy for preventing their arrival? Ginis asked, saying that Greece needs to strengthen its presence along its border with Turkey and he said the transfer of refugees and migrants would only be an incentive for more to come, thinking they would find sanctuary.

Noting photos of buses taking refugees and migrants to hotels instead of camps he said that, Its like were telling them: Come over, to Greece.

Go here to see the original:

Retired Admiral Says Turkey Pushing Refugee, Migrant Crisis on Greece - The National Herald

U.S. too focused on ‘freezing out asylum seekers’ to fix refugee deal with Canada: researcher – CBC.ca

Read Story Transcript

The U.S. might not want "to play ball" if Canada wishes to renegotiatethe Safe Third Country Agreement, according to an expert on refugees and immigration.

"The reality is that most asylum seekers cross over from the U.S. into Canada and not the other way around," said Robert Falconer, a researcher specializing in immigration and refugee-related issues, at the University of Calgary School of Public Policy.

The Safe Third Country Agreement recognizes both countries as safe for refugees, so people fleeing persecution are required to claim asylum in the first country they enter.

The agreement is being challenged in federal court this week on the grounds that the U.S.'s immigration crackdown under President Donald Trump's administrationhas made it unsafe for refugees.

The Liberal government is arguing against the legal challenge, but has suggested the deal signed in December 2004 could be renegotiated to modernise it, and cover all border crossings.

A revised agreement might mean Canada could return refugees to the U.S., Falconertold The Current's interim host Laura Lynch.

"And U.S. immigration policy is all about freezing out asylum seekers right now."

Texas-based immigration lawyer Luis Campos thinks Canada should scrap the agreement.

"I don't see the United States as a safe place for asylum seekers," he said.

Campos has been working with asylum claimants for 20 years. He said he has "never seen circumstances as poor" for refugees and migrants being held in U.S. detention centres, while theywait for their asylum claims to be processed.

He's worked on cases where 150 to 200 people were packed into cells designed for 50. A lack of bedding meant people had to sleep in shifts, and the single toilet was in full view, and prone to overflowing.

He said he has also heard of the officials in charge dissuading detainees from seeking medical attention, with threats it could delay their case from being heard.

"In one specific case, an individual was forced to extract his own tooth because he wouldn't get dental attention," Campos said.

Falconer warned that a successful legal challenge could lead to a suspension, and"negatively impact" Canada-U.S. relations.

"We're already in a sort of a tenser period ... than we have been," he said, pointing to ongoing issues with trade and the fact that the revised NAFTA agreement isn't yet "across the finish line."

Craig Damian Smith suggested that Canada should wait for a change in U.S. leadership before trying to renegotiate the deal.

"My policy prescription is essentially keep our heads down until we have a rational partner to negotiate with in the U.S.," said Smith, the associate director of the Global Migration Lab at the Munk School of Global Affairs and Public Policy in Toronto.

He said the Safe Third Country Agreement is similar to the deal known as the Dublin Regulations that made the EU member countries an "open-border regime."

That deal works by pooling countries' resources to control the external borders, he explained, with the aim of sharing the burden internationally.

Refugees are expected to claim asylum in the EU country the first arrive in. However the system has been put under strain by the migrant crisis, which has seen hundreds of thousands of displaced people to seek asylum.

Faced with those numbers, Smith said that countries like Italy, Greece or Hungary have begun accepting support like equipment and personnel from non-port-of-entry states.

But other states have been less forthcoming in offering to take in the "hundreds of thousands" of people stranded in the countries they arrive in, he said.

"When states can't co-operate, then they make deals with less scrupulous states, states that aren't signatories to the convention, or just autocratic states," he told Lynch.

"When you have a fight between France and Italy over who is going to accept these asylum seekers, Italy will go and make a deal with Libya to keep the people at bay," he said.

Smith said something similar is happening with the U.S. right now, as the country "is trying to control migration to its southern border by cutting deals with Central American states."

The Trump administration is working onagreements with Guatemala, El Salvador, and Honduras that would require refugees on their way to the U.S. to seek asylum in those countries first.

Falconer said that migrants travelling through those countries are at a high risk of violence.

The researcher cited a 2015 UNHCR report that said women fleeing through Central America preemptively "took contraceptives before traveling, in order to reduce the possibility of becoming pregnant if they were raped during flight."

The U.S. is signing these agreements "not with the idea of burden sharing for asylum seekers, [or] that everybody will get a fair chance of safety," he said.

"They're using it more in a way to avoid taking asylum seekers within the U.S."

Written by Padraig Moran. Produced by Karin Marley.

Read the original:

U.S. too focused on 'freezing out asylum seekers' to fix refugee deal with Canada: researcher - CBC.ca

Europe has built barriers six times the length of the Berlin Wall since 1989 – Euronews

In the three decades since the fall of the Berlin Wall, European countries have built about 1,000 kilometres of border walls and fences.

That amounts to six times the length of the Berlin Wall, the Amsterdam-based Transnational Institute (TNI) flagged in a new report on Tuesday, adding that most have been built since 2015 when Syria's civil war and the migrant crisis was at its height.

"This time Europe is divided not so much by ideology as by perceived fear of refugees and migrants, some of the world's most vulnerable people," the report notes.

Newly-built barriers are in locations across the continent, including:

READ MORE: Meet the women reunited 58 years after Berlin Wall was built

"Land walls and fences on European borders are the most visible aspects of Fortress Europe. By themselves though, they are mostly symbolic," the TNI stresses.

It adds that these physical walls and fences are accompanied by maritime borders naval operations patrolling the Mediterranean extending another 4,750 kms as well as virtual borders border-control systems seeking to stop people entering or even travelling within Europe.

The research institute estimates that the global market for border security was worth approximately 17.5 billion in 2018 and projects it will grow by an annual 8% annually in the coming years.

EU countries, meanwhile, are believed to have spent between 900 million and 1 billion on land walls and fences since the Cold War. Adding to that was money spent by the bloc's External Borders Fund (1.7 billion between 2007 and 2013) and the Internal Security Fund (2.76 billion between 2014 and 2020).

The European Commission has also planned to earmark 9.3 billion for the 2021-2027 period as part of a new Integrated Border Management Fund.

The primary beneficiaries in Europe have been companies including Thales, Leonardo and Airbus which all produce equipment used for land and maritime border patrolling including helicopters but also sensors and radars.

Spanish firm European Security Fencing was also identified as a key player. It produces razor wire and in particular a coiled wire known as concertinas that is used around Ceuta and Melilla, Calais, as well as along the Hungary-Serbia, Bulgaria-Turkey, and Austria-Slovenia borders.

For the TNI, "everything points to a further heightening and strengthening of the walls of Fortress Europe." This is turn will lead to refugees and migrants "to take more risks to cross borders, to encounter violence, and to end up living 'illegally in dire circumstances or in detention, awaiting deportation to unsafe countries of origin".

It argues that pouring more money will not solve the issue and might even exacerbate it.

READ MORE: 30 years on from 1989, central Europeans say democracy is again at risk

Meanwhile, Istvan Viragvolgyi, the curator of an exhibition entitled "Walls of Power" which explores man-made barries in Europe, told Euronews about walls of segregation. These are barriers within a society.

An example he flagged is a picture from Slovakia where locals collected money and lobbied the authorities to erect a wall separating them from a Roma settlement.

"They (Roma people) have to walk around the wall because it's not a complete wall. It's just a couple of hundred metres and then you actually walk around it. They just diverted the traffic basically so the Roma people going into the town, they diverted them around their houses," he said.

"In human history, all the walls that were built were demolished," he stressed. "Maybe (it took a) longer, shorter time but eventually they were all demolished. So we really have to think about what the real problem is and somehow come up with a solution."

"I think we have the false feeling that we dealt with the problem already and it's behind us," he concluded.

READ MORE: How barriers still divide Europe 30 years since fall of Berlin Wall

View original post here:

Europe has built barriers six times the length of the Berlin Wall since 1989 - Euronews

There’s Still No Plan to Deal With Migrants in the Mediterranean – The Nation

A rubber dinghy carrying migrants is pictured at sea in the Mediterranean. (Reuters / Karsten Jager / Sea-Eye)

Subscribe now for as little as $2 a month!

On the night of July 7, 2019, Alessandra Sciurba of the humanitarian rescue organization Mediterranea was aboard a sailboat in Libyan territorial waters. The boat wasnt meant to save people at sea; she and the crew were just supporting another ship from the German NGO Sea Eye. But suddenly an Alarm Phone alert notified them of a nearby boat in distress, so the crew sailed toward a rapidly deflating dinghy with 59 migrants aboard.Ad Policy

We got there and found men, women, children, even a 5-month-old baby. Some of them had signs of torture, signs of electrocution with wires. They were all sitting there in this dinghy that didnt have a hull anymore, it was just a few wooden planks on a black tarp, recalled Sciurba, who is a researcher in law and human rights at the University of Palermo and has volunteered with Mediterranea since its start in 2018.

As the crew started transferring people from the dinghy to the boat, the Libyan Coast Guard arrived; some of the rescued migrants remarked that they would have rather been thrown into the sea than handed over to the Libyan authorities, says Sciurba. The Libyan Guard ultimately declined to intervene, leaving them at sea with a boat that was too small to carry 59 migrants plus an 11-person crew, had no food, and whose two toilets had broken immediately.Related Article

At that point the EU abandoned us for 50 hours, she told The Nation. All we got from them was a written order not to dock in Lampedusa [an island off the coast of Sicily], which was handed over to us from an Italian police patrol boat while we were still outside of Italian territorial waters.

The Mediterranea crew eventually declared an emergency and the coordination center of the Italian Coast Guard allowed the boat to dock on the island, which sits only a few nautical miles from the borders of the Libyan search-and-rescue area. As soon as everyone disembarked, the boat was sequestered by Italian authorities and the migrants were transferred to mainland reception centers to begin the seemingly interminable process of claiming asylum.

For years, such an episodemarked by peril, confusion, and desperate hopeshas been the norm in Southern Europe. Matteo Salvini, leader of Italys far-right Lega party, famously cracked down on immigration; his open war on NGOs in the Mediterranean made life for rescuers like Sciurba so difficult that many rescue organizations ceased to operate. His policies also emboldened the Libyan Coast Guard (a group comprising former militiamen from the UN-backed Libyan government that Italy struck a deal with in 2017) to go after migrants crossing the Mediterranean and bring them back to war-torn Libya, or just let them die. Salvinis hard-line stance sent ripple effects throughout Europe, embroiling neighboring countries in disputes over who was responsible for welcoming the migrants that Italy was rejecting.

A month and a half after the sailboat rescue, Salvini was ousted. His departure seemed to herald a new era not only in Italy but in Europe at large. French President Emmanuel Macron and Italian Prime Minister Giuseppe Conte made public pledges to remove right-wing populist rhetoric from the discourse on immigration. We must make sure the issue of migration isnt left to those that use it as a permanent topic for their propaganda, said Macron during a meeting with Conte in September.Current Issue

Subscribe today and Save up to $129.

These leaders bid to overcome what we could call the Salvini doctrine rested on the assumption that European countries would find a long-lasting way to cooperate on the intake of people arriving in Europe via seathat asylum seekers like the ones Sciurba encountered would no longer be ignored for days on end.

Nearly four months after Salvinis ouster, that assumption has not been borne out.

In the wake of an inconclusive meeting of interior ministers in Luxembourgwhich itself followed another promising but ultimately inconclusive meeting two weeks earlier with representatives of France, Italy, Germany, and Finland on the island of Maltathe question of migrant intake is no closer to being answered.

Participants of the Malta summit proposed a voluntary disembarkation scheme in which governments could offer a port of entry to rescue ships, and migrants would then be relocated within Europe according to quotas. Its an informal accord that only a handful of European countries seem interested in observing; some of the countries most deeply impacted by the question of migrant intakenamely, Greece and Spaindidnt even have a seat at the table.

If you like this article, please give today to help fund The Nations work.

Plus, the plight of those who attempt to cross the central Mediterranean on unsafe vessels still isnt resolved when they get rescued by humanitarian boats. The provisional, voluntary, nonbinding nature of the Malta accord still makes it possible for rescue ships to be stranded at sea for a long time before a government reacts. In the latest such case, it took 11 days for Italy, France, and Germany to come up with a plan to take in roughly 200 migrants rescued at sea.

The imminent renewal of the 2017 Libya-Italy deal lays bare the difficulty not only of moving away from Salvinis policies but also of changing the core principles that have shaped European migration policy for the past two years. An explosive report by the Italian daily Avvenire recently revealed that the Italian government in office before the latest 2018 elections negotiated strategies to limit departures of migrants from Libya with a man who turned out to be a ruthless human trafficker. The deal, which could have terminated by November 2, is now set to be renewed as of February 2, 2020, for three more years.

The ethics of pulling migrants back into a country where gross human rights violations are regularly documented is highly questionablebut so is the policy flipside. Preventing people from leaving Libya doesnt work, because some keep wanting to leave, notes Matteo Villa, a research fellow in the migration program at the Italian Institute for International Political Studies (ISPI).

Salvini purported to resolve the issue of migrant intake in Southern Europe by declaring Italian harbors closed to them. But he did very little at the institutional level to solve a key exacerbating factor in the migration issue: regulations that weigh disproportionately on Mediterranean countries. Salvinis call for other European governments to absorb the migrants pushing to enter Italy never resulted in actual policy discussion at the European level. Yet the post-Salvini discussions are failing to move beyond the same old flawed models.

Italys new interior minister, Luciana Lamorgese, for example, saluted the Malta agreement as a pathway to revising the common European asylum system. But this pathway, experts note, builds on previous attempts to reform the Dublin regulation (which requires asylum seekers to be registered and processed in their first EU country of arrival) that were never effective.Related Article

Politicians seem to have difficulty understanding that reform of the Dublin treaty must happen via legal principles that are applicable under all circumstances, says Leonardo Marino, a lawyer in the Sicilian city of Agrigento who has represented Carola Rackete, the German ship captain arrested for docking a migrant rescue ship in Lampedusa this past June.

In the absence of new strategies and of a concerted effort by European leaders to manage immigration in an effective and humane way, the promise to move away from Salvinism is doomed to remain unfulfilled.

We are left with what has traditionally been the EUs most fundamental policy, says Massimo Frigo, a senior lawyer and expert on migration with the International Commission of Jurists. What this new [Italian] government did was realign itself with the traditional agenda on immigration. It certainly isnt a pro-immigration government. EU policy on migration hasnt been an open harbor one for almost 20 years now.

While humanitarian organizations like Mediterranea are still fighting their legal battles to regain access to sequestered ships in the aftermath of Salvinis tenure, the European Parliament voted down a proposed resolution that would have enjoined member states to keep their ports open to humanitarian ships. Even though the vote wasnt binding (a decision on rescue operations at sea would need to come from the European Council, after consideration by every member state), it sent a clear signal.

Get unlimited digital access to the best independent news and analysis.

This is a red flag showing how much Europe is divided about the choice around its ethical-political guiding principles, says Matteo Villa from ISPI.

The Malta agreement also states that NGOs shouldnt create a pull factor for migrationan idea thats infected the institutional lingo since at least 2016 and which is based on faulty evidence.

Even moderate governments trying to reach an agreement and show solidarity with other EU countries need to reckon with the mainstream narration of the past yearsthat to take action so that people are saved at sea is to create a pull factor for more migrants to come in, Villa says.

Meanwhile, people continue to die, some a mere few nautical miles from the patch of Italian land closest to Africa.Related Article

On October 6, 13 women and eight children drowned right off the coast of Lampedusa as their vessel capsized. The sixth anniversary of one of the islands most infamous and disturbing milestonesthe fiery shipwreck that saw the deaths of over 360 Eritrean, Somalian, and Ghanaian migrantsfell only five days earlier.

The only way out of the deadlock, many analysts and activists maintain, is to open legal pathways for migration into Europe.

The only way to properly remember those dead people would be to reopen government-backed European rescue missions and open a humanitarian corridor from Libya, Annalisa Camilli, an Italian journalist and expert on migration, wrote on Facebook.

Our goal is to never have to go out to sea and save people again, insists Alessandra Sciurba.

While Salvinis exceptionally cruel reign may have ended, the underlying facts of the migrant crisis remain effectively unchanged. As Europe picks up where it left off before Salvini, the collective efforts necessary to reform European migration policy still arent on the horizon.

See original here:

There's Still No Plan to Deal With Migrants in the Mediterranean - The Nation

UN official says fight for women’s equality is far from over – Daily Inter Lake

Daily Inter Lake - World News, UN official says fight for women's equality is far from over '); $(this).addClass('expanded'); $(this).animate({ height: imgHeight + 'px' }); } } }); }); function closeExpand(element) { $(element).parent('.expand-ad').animate({ height: '30px' }, function () { $(element).parent('.expand-ad').removeClass('expanded'); $(element).remove(); }); } function runExpandableAd() { setTimeout(function() { $('.expand-ad').animate({ height: $('.expand-ad img').height() + 'px' }); }, 2000); setTimeout(function() { $('.expand-ad').animate({ height: '30px' }); }, 4000); } function customPencilSize(size) { var ratio = 960/size; var screenWidth = $('body').width(); if (screenWidth > 960) screenWidth = 960; $('.expand-ad__holder').parent('.ad').css('padding-bottom', (screenWidth / ratio) + 'px'); $('.expand-ad__holder').css({ height: (screenWidth / ratio) + 'px' }); $('.expand-ad').css({ height: (screenWidth / ratio) + 'px' }); $('.expand-ad img').css('height', 'auto'); $('.expand-ad embed').css('height', 'auto'); $('.expand-ad embed').css('width', '100%'); $('.expand-ad embed').css('max-width', '960px'); } function customSize(size, id) { var element = jQuery('script#' + id).siblings('a').children('img'); if (element.length 960) screenWidth = 960; element.css('height', (screenWidth / ratio) + 'px'); } (function () { window.addEventListener('message', function (event) { $(document).ready(function() { var expand = event.data.expand; if (expand == 'false') { $('.expand-ad__holder').removeClass('expand-ad__holder'); $('.expand-ad').removeClass('expand-ad'); } }); }, false); function loadIframe(size, id) { $('.ad').each(function () { var iframeId = $(this).children('ins').children('iframe').attr('name'); var element = $(this).children('ins').children('iframe'); if (element.length > 0) { var ratio = 960 / size; var screenWidth = $('body').width(); if (screenWidth > 960) screenWidth = 960; element.css('height', (screenWidth / ratio) + 'px'); } }); } })();

Go here to read the rest:

UN official says fight for women's equality is far from over - Daily Inter Lake

France to set migrant worker quotas in bid to appeal to rightwing voters – The Guardian

France will start setting quotas for migrant workers from next year as Emmanuel Macron toughens his stance on immigration in an apparent attempt to appeal to rightwing voters.

The French labour minister, Muriel Pnicaud, said on Tuesday that France would set quotas for the first time, with the government working with employers to identify industries lacking qualified candidates and where foreigners could fill the gap.

This is about France hiring based on its needs. Its a new approach, similar to what is done in Canada or Australia, Penicaud told BFMTV.

She did not say how many foreign workers would be granted visas, nor if an applicants nationality would be taken into account, a proposal floated last month by the prime minister, douard Philippe. The quotas were presented as a way to simplify the hiring process for businesses.

Currently, employers have to take part in a complex administrative process and justify why a French citizen cannot be hired for a position they intend to give to a foreign worker needing a visa.

With Marine Le Pens far-right National Rally hoping to make gains in local elections in March and Le Pen still seen as Macrons main political rival in the run up to 2022 presidential elections, the centrist president has recently begun focusing on immigration and hardening his stance.

The number of foreigners in France is not the main worry of the electorate who are more concerned about making ends meet and growing fears over the climate crisis but Le Pens anti-immigration party continues to focus on the issue and is seeking to win over voters from the mainstream right.

Macron, who was elected with support from voters on both the right and left, appears to be preparing the ground for a second presidential stand-off with Le Pen, seeking to address rightwing voters who complain there are too many foreigners in France.

Macron has steadily heightened his rhetoric on immigration since September, when he told Europe 1 radio: France cannot host everyone if it wants to host people well. In order to be able to welcome everyone properly, we should not be too attractive a country.

The question of setting quotas for economic migrants was an idea of the former rightwing president Nicolas Sarkozy in 2007 but was never put in place. Macron distanced himself from the idea of quotas during the 2017 election campaign andpraised the German chancellor, Angela Merkel, for saving our collective dignity by allowing in large numbers of refugees.

However, he recently sparked criticism on the left when he gave an interview focused on immigration and Islam to the conservative weekly magazine Valeurs Actuelles, where his views were considered as appealing to readers on the right and far right. When an outraged voter criticised Macron for doing the interview, he said: You have to speak to everyone.

The prime minister, will unveil a series of measures on Wednesday after France received a record 122,743 asylum requests last year, up 22% from the year before.

The new measures could include restrictions on migrants bringing over family members or limiting access to health care for asylum seekers while their claims are processed.

France has also called for an overhaul of the EUs efforts to halt the surge of migrants fleeing conflict and poverty in Asia, the Middle East and Africa since 2015.

The French president wants more EU members to share the burden of taking in migrants allowed to stay, a move opposed by several countries in eastern and central Europe.

But Macron sparked anger from Bulgarias government last week after he said he wanted legal migrants from Guinea or Ivory Coast rather than clandestine networks of Bulgarians and Ukrainians.

Read more here:

France to set migrant worker quotas in bid to appeal to rightwing voters - The Guardian

The White Houses Build the Wall Game Was Horrible. It Was Also Really Boring. – Yahoo Lifestyle

On October 25, the White House hosted a Halloween party for the families of executive branch employees. It featured costumes, candy, and, because were all living in the darkest timeline, a Build the Wall game where kids were encouraged to wear construction gear and paste red paper bricks to a wall. (It should be noted that the wall is not made of bricks.) This game was without a doubt, as many, many have noted, wildly inappropriate, un-American, and xenophobic. As far as kids party games go, it was also really, really boring.

Horribleness of the game aside which, lets face it, was almost definitely conceived by that walking corpse Stephen Miller who doesnt need to wear a Halloween costume to terrify children what was the point? To attach tape to a piece of red paper and stick it on a wall? Yay? After you build it, what do you win? What makes you the winner? The Trump White House is all about winners, right?

If this was a shoddy rip-off of Pin the Tail on the Donkey, at least the players shouldve been blindfolded, spun around, and, teetering, tasked with placing a useless brick that wont help migrants or solve the migrant crisis in the correct spot. Thats fun and challenging and has an actual goal. Kids enjoy that. Thats why its a classic party game, right? Even the most boring kids birthdays hosted by the most boring parents have some version of it.

But no. Kids walked up and pasted a brick to the wall. Could they have put less thought into this game? At least when presented with the loose concept of a Build the Wall game, the party planners for this terrible idea of fun could have sent out an intern to get some, I dunno, building blocks. At least letting kids actually do some building has a goal and allow children to flex their creative muscles and fine motor skills. Hell, there couldve been prizes set up for the best section.

But what happened when the final red brick was laid in the Build the Wall game? Did a cage of toy snakes and alligators fall from the sky like those that President Trump wanted to fill a moat around the wall with? Did a kid get a commercially available power tool to saw through the wall, because thats what smugglers are doing on the Southern Border, because the wall is an exceptionally dumb idea? Do tubes oftoothpaste and soap, two things which have been withheld from border detainees, rain down on the champion?

Seriously, though: Did any child laugh with joy when taking part in this assembly-line-of-hate simulation? What was the point?

We all know the answer: there was no point. And here we are talking about yet another horribly tone deaf thing the White House did on a day that was made for children and supposed to be a short pause from the terrible things they have wrought. This physical manifestation of how the GOP has embraced fascistic immigration policies, separated more than 5,000 migrant children from their parents, let dozens die in ICE custody, abandoned the Statue of Libertys mandate of accepting all who come to America for a better life was the best they could come up with? Stick to egg rolling.

The post White House Asks Kids To Play Build the Wall Game At Halloween Party appeared first on Fatherly.

More:

The White Houses Build the Wall Game Was Horrible. It Was Also Really Boring. - Yahoo Lifestyle

Winter poses new threat to migrants in Bosnian forest camp – The Wider Image

Hundreds of migrants from the Middle East and Asia living in a freezing camp in the forests of Bosnia are short of food and bedding and at growing risk as the bitter Balkan winter approaches, aid workers say.

Bosnia has faced an upsurge in migrant numbers since Croatia, Hungary and Slovenia closed their borders against undocumented immigration.

The Vucjak camp.

In June, authorities in the northwest Bosnian town of Bihac moved migrants who were sleeping rough there to an tent settlement at Vucjak, a former landfill site 8 km (5 miles) from the Croatian border.

Aid agencies have urged the authorities to close Vucjak and find better accommodation for the migrants as the weather gets colder.

A migrants from Syria sleeps inside an abandoned house amid smoke after trying to cross the border with Croatia on the hills near Vucjak camp.

"Otherwise it's very clear what's going to happen. If people stay there for the winter, people will die ... in a couple of days or in a few weeks time because the temperatures are going down very rapidly," said Peter Van der Auweraert, the Western Balkans Coordinator for the International Organisation for Migration.

The site lacks running water and electricity. The nearby woods are littered with landmines left over from the Yugoslav wars of the 1990s.

A Bosnian police officer tries to line up migrants as they wait for blankets and clothes donation at the Vucjak camp.

On a rainy late-October day, with the temperature close to zero, police officers restrained migrants quarrelling over the small amounts of food provided by the local Red Cross.

Some, wearing flip-flops in the mud, washed by pouring cold water over themselves from plastic containers. Most inmates were not dressed warmly enough for the cold weather.

Migrants warm themselves by the fire inside Vucjak camp.

Several men lit a fire and cooked a meal with the Red Cross rations. Others slaughtered a sheep, hoping for a more substantial lunch.

"I saw houses in Slovenia and Croatia for animals that are better than this camp," said Mohammed Idriz Neeaziv from Afghanistan. "This is not a camp. This is not for humans."

Migrants from Syria walk back through the woods after trying to cross the border with Croatia on the hills near Vucjak camp.

The migrants have all tried many times to cross into Croatia, but have been turned back at the border. Many say police beat them and smash their mobile phones, accusations that Croatia has repeatedly denied.

Hamza from Pakistan said he had just been returned to the camp by police after being prevented from entering Croatia. He said he was now worried that the weather would get worse and snow would stop him from trying to cross again.

A migrant smokes a cigarette inside Vucjak camp.

More than 40,000 migrants have entered Bosnia since 2018. Nearly one fifth are children. Many manage somehow to make it into Western Europe.

Bosnian authorities have not been able to decide on where to house the migrants that are stuck in their country. The government says it has offered alternative accommodation but regional authorities have not agreed.

A migrant baths inside Vucjak camp.

On the top of the crisis at the Vucjak camp, officials in Bihac have threatened to close down the Bira migrant centre, which is located at an old factory in the town, in about two weeks.

Van der Auweraert said closing the Bira centre would be a "disastrous decision" that would add 1,300 people to the 2,000-2,500 who are currently not in safe accommodation in this corner of Bosnia.

Migrants warm themselves wrapped in blankets inside Vucjak camp.

"I do hope that reason will prevail in the end and that authorities will allow Bira to continue at least for the winter because we have no alternatives at the moment," he said, blaming political leaders for poor handling of the migrant crisis.

"We have about 7,000 migrants in the country, that should not to be a problem to deal with for a country of 3.5 million people," Van der Auweraert told Reuters TV.

Photo editing by Marika Kochiashvili, Writing by Daria Sito-Sucic; Editing by Giles Elgood

Read more here:

Winter poses new threat to migrants in Bosnian forest camp - The Wider Image

Senator Romney Considers Action As A Nation On Cryptocurrency Threat To Homeland Security – Forbes

As Senator Romney has recently been in the news on his criticism of the President as impeachment proceedings, it seems the former Presidential Candidate and Republican Senator from Utah might want to impeach cryptocurrency from the United States based on the threat level it may pose to national security.

During a hearing in the U.S. Senate Committee On Homeland Security And Governmental Affairs, Senators asked leaders from the FBI, Homeland Security, and the National Counterterrorism Center questions on Threats To The Homeland, Senator Mitt Romney (R-UT) raised the prospect of whether the U.S. needed to take action on cryptocurrencies or not worry about them. The FBI took no time in responding how cryptocurrencies are a significant problem that will get bigger and bigger.

WASHINGTON, DC - September 23: Senator Mitt Romney (R-UT) speaks to journalists before votes on the ... [+] Senate floor on Capitol Hill in Washington, DC on Monday September 23, 2019. (Photo by Melina Mara/The Washington Post via Getty Images)

Im not in the Banking Committee. I dont begin to understand how cryptocurrency works. I would think it is more difficult to carry out your work when we cant follow the money because the money is hidden from us and wonder whether there should not be some kind of effort taken in our nation to deal with cryptocurrency.

While the Senator invited all three of the witnesses to respond to his question, FBI Director Wray jumped in to note how big of a problem cryptocurrency already is. The FBI Director stated, Well certainly for us cryptocurrency is already a significant issue and we can project out pretty easily that its going to become a bigger and bigger one. Whether or not that is the subject of some kind of regulation as the response is harder for me to speak too.

FBI Director Wray, while being careful not to provide any policy or regulatory recommendation, noted the issues of cryptocurrencies and how they are used by terrorists is part of a larger issue involved with our enemies increased capabilities in using tech and the ability to process anonymous transactions.

...it is part of a broader trend...in terms of the terrorist threat in terms of our adversaries of all shapes and sizes becoming more facile with technology, in particular various types of technology that anonymize their efforts...

WASHINGTON, DC, UNITED STATES - 2018/06/28: Christopher A. Wray, Director of the Federal Bureau of ... [+] Investigation, at the House Judiciary Committee in the Rayburn Building at the US Capitol. (Photo by Michael Brochstein/SOPA Images/LightRocket via Getty Images)

The FBI Director did note that Were looking at [cryptocurrencies] from an investigative perspective including tools that we have to try to follow the money. He also noted that it is not just cryptocurrency but various types of technologies that, if the U.S. doesnt get its act together, could result in the FBI being walled off by technology from doing their jobs in the future.

Read more:

Senator Romney Considers Action As A Nation On Cryptocurrency Threat To Homeland Security - Forbes

Stellar’s Foundation Just Destroyed Half the Supply of Its Lumens Cryptocurrency – Coindesk

MEXICO CITY The Stellar Development Foundation has burned 55 billion of its XLM tokens, over half the cryptocurrencys supply, CEO Denelle Dixon announced from the stage of the Stellar Meridian conference Monday.

Previously, there had been 105 billion XLM in existence, with 20 billion in circulation. With this burn, the supply has shrunk to 50 billion.

We didnt start by wanting to burn. We started by asking, What do we need?' Dixon told the room of roughly 200 attendees.As much as we wanted to use the lumens that we held, it was very hard to get them into the market.

The organization decided instead it was better to project how much it could actually use over a 10-year period and calibrate to that number. To derive a plan from an arbitrary number serves no purpose, Dixon said.

The news was greeted warmly by the crowd, many of whom likely own the token. One participant in the packed room stood up and asked everyone to give Dixon a round of applause, which they did.

In the hour following the announcement, XLMs price jumped about 14 percent, to $0.08, according to data provider Nomics.

Dixon told CoinDesk that she couldnt anticipate how the crypto market might react, saying:

I dont know. I really just dont have a sense at all of what the market response is. From my standpoint, its how the ecosystem feels about it. We got a lot of positive response from the ecosystem because we are rightsizing what the foundation has and the foundation holds.

The foundation now controls 30 billion XLM, divided into several buckets.It has 12 billion XLM in the direct development fund (formerly called operations), to support the organization.

In ecosystem support it has 2 billion XLM remaining (1 billionfor currency support, and 1 billion for infrastructure grants).

Stellar has 10 billion XLM set aside to makeinvestments (with 2 billion XLM for new products, and 8 billion XLM in its enterprise fund).

Finally, under user acquisition, the foundation has 6billion XLM (2 billion for marketing stellar and 4 billion for in-app promotions).

The supply of XLM is fixed now because the community of token holders voted to discontinue inflation on Oct. 28.

SDF will not burn any additional lumens, Stellar said in a blog post.

Denelle Dixon and Jed McCaleb, Stellars founder, on stage at Stellar Meridian, Nov. 4, 2019, photo by Brady Dale for CoinDesk

Read the original post:

Stellar's Foundation Just Destroyed Half the Supply of Its Lumens Cryptocurrency - Coindesk

Bitcoin passes $1 billion milestone on cryptocurrency anniversary – The Independent

Bitcoin has reached $1bn (770m) in cumulative transaction fees, passing themajor milestone on the eleventh anniversary of the worlds first cryptocurrency.

Data gathered by analytics firm Coin Metrics revealed thatover 200,000 bitcoin have now been paid in transaction feessince it launched in 2009 three months after its creator Satoshi Nakamotoa, a pseudonym, published the white paper unveiling it to the world for the first time.

Nakamoto laid out the details of a new electronic cash system thats fully peer-to-peer that negated the need for banks and other third parties, on 31 October 2008.

Sharing the full story, not just the headlines

Its popularity has soared in recent years but despite transaction volume increasing considerably, the actual cost of transactions has fallen over the last year. This is thanks to the implementation of solutions like the Lightning Network, which helps speed up and simplify blockchain transactions.

Bitcoin users transacted consistently on the network throughout the year, and solutions like the Lightning Network grew in size, Galen Danziger, co-founder of blockchain accelerator MouseBelt, toldThe Independent.

On 3 January, 2009, the genesis block of bitcoin appeared. It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled 'Bitcoin: A peer-to-Peer Electronic Cash System'

Reuters

On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins the equivalent of $90 million at today's prices

Lazlo Hanyecz

Bitcoin soon gained notoriety for its use on the dark web. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin

On 29 October, 2013, the first ever bitcoin ATM was installed in a coffee shop in Vancouver, Canada. The machine allowed people to exchange bitcoins for cash

REUTERS/Dimitris Michalakis

The world's biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. At the time, this was around 7 per cent of all bitcoins and the market inevitably crashed

Getty Images

In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. He later rescinded the claim

Getty Images

On 1 August, 2017, an unresolvable dispute within the bitcoin community saw the network split. The fork of bitcoin's underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash

REUTERS

Towards the end of 2017, the price of bitcoin surged to almost $20,000. This represented a 1,300 per cent increase from its price at the start of the year

Reuters

On 3 January, 2009, the genesis block of bitcoin appeared. It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled 'Bitcoin: A peer-to-Peer Electronic Cash System'

Reuters

On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins the equivalent of $90 million at today's prices

Lazlo Hanyecz

Bitcoin soon gained notoriety for its use on the dark web. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin

On 29 October, 2013, the first ever bitcoin ATM was installed in a coffee shop in Vancouver, Canada. The machine allowed people to exchange bitcoins for cash

REUTERS/Dimitris Michalakis

The world's biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. At the time, this was around 7 per cent of all bitcoins and the market inevitably crashed

Getty Images

In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. He later rescinded the claim

Getty Images

On 1 August, 2017, an unresolvable dispute within the bitcoin community saw the network split. The fork of bitcoin's underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash

REUTERS

Towards the end of 2017, the price of bitcoin surged to almost $20,000. This represented a 1,300 per cent increase from its price at the start of the year

Reuters

2019 has been relatively positive for bitcoin, especially when compared to the seemingly terminal decline the cryptocurrency market experienced in 2018.

After peaking at close to $20,000 in December 2017, bitcoin fell to below $4,000 before finally making a recovery earlier this year.

It still faces a number of challenges before it can ever be considered as a legitimate and mainstreamform of payment, including regulatory hurdles, price volatility and security issues that make wallets and exchanges vulnerable to hacking.

It is estimated that around $4.2bn worth of cryptocurrency hasbeen stolen by hackers so far this year, surpassing the record total from last year.

As we celebrate the eleventh anniversary of bitcoin, its important to reflect on just how far weve come as an industry, Pascal Gauthier, chief executive of blockchain security firm Ledger, toldThe Independent.

The market is maturing, institutional investors are continuing to embrace cryptocurrencies, and the long crypto winter is behind us. Despite these strides forward, security is still lagging behind."

He added that Bitcoins underlyingblockchain technology "has the potential to change the world in so many ways beyond finance, but without security this potential cannot be realised.

Read more here:

Bitcoin passes $1 billion milestone on cryptocurrency anniversary - The Independent

Governments race to beat Facebook’s cryptocurrency, libra, at its own game: Don Pittis – CBC.ca

Facebook's scheme to create its own money in the form of the libra digital coin has set off a globalrace to beat the social media colossus at its own game, and Canada maybe an importantplayer.

Since the initialmild reaction from U.S. Federal Reserve chair Jerome Powell the day after thelibraproject was announcedin June, the world's governments and central banks have realized what somesuggested at the time, that with its global reach and technological savvy, Facebook was blazing a path to dominate money.

Canada has been one of theleaders in researching how to create and managea digital coin backed by a national central bank. But the arrival of thelibra idea, with its persuasive scheme to launch what was essentially a credible new global currency, kicked off a flurry of fresh activity that could transform the way we think of money.

Not only are the world's governments gathering at bodies such as the International Monetary Fund, theBank for International Settlements and the G7 group of large industrial economies toworkon the idea, but there are signs that individual governments, notably China, are racing to be the first to create a functional, tradable government-backed digital coin.

And while the final results are difficult to predict, it is not clear that ordinary citizens, who have grown used to money in its current form,will be happy with the outcome.

"It's interesting how exciting these developments can be," enthused Bank of Canada senior deputy governor Carolyn Wilkins at last week's monetary policy news conference.

Introduced by her boss, bank governor Stephen Poloz, as "one of the world's foremost experts" on the subject,Wilkins has attended global conferences, armed with several years of groundbreaking Canadian research.

As Wilkins explained, what central banks hope to create is not a digital coin like bitcoin and its many imitators. With thatcurrency rising and falling as inexperienced investors triedto make a killing, critics, including me, pointed out years ago that the volatility of such cryptocurrenciesmade pricing goods in bitcoin impractical.

Far more interesting and functional, according to people like Wilkins, is a kind of digital money called a "stablecoin," which is how the libra is conceived. Rather than shooting up in value and plunging like bitcoins, a stablecoin is managed to maintain a relatively constant value.

"There's a whole class of crypto assets called stablecoins," said Wilkins last week. "What's exciting about it is the fact that these kinds of innovations can address what I think are important issues in global payment systems, particularly the cost of cross-border payments."

Wilkins suggested a stablecoin could be used, for example, for people from the Philippines trying to send money home from elsewhere in the world. And in developing countrieswithout a stable banking system it mightbe used domestically as a reliable unit of exchange.

That innovation is exactly what the libraproject has proposed, offering a service to millions of the world's "unbanked" so that they too can buy and sell and save up the value of their labour in a place they know won't be wiped out by inflation or governmentmismanagement.

But the more the world's central banks and the governments they represent thoughtabout the libra, theless they liked it.

To oversimplify, the two main objections to having a private company with such monetary clout were the wrenchingof monetary power out of the hands of central banksand the worry that eventually, without the backstop of a government, a private sector currency would collapse, creating global chaos.

"We know that innovations never come without risk," said Wilkins.

There are benefits to such a stablecoin system, but there are dangers: "The costs that we all know that are related to money laundering and terrorist financing, but also, with respect to safeguarding the value of that stablecoin properly, as well as potentially getting in the way of monetary sovereignty of different countries," she said.

By current thinking, that sovereignty is important. With people using something like libra, the currencies ofsmaller countries such as those in the Caribbean, or notoriously unstable currencies such as those of Rwanda or Argentina would be completely upstaged, aspeople use libra as a better alternative.

"I think Facebook hadn't thought through carefully how important control of currencies is for governments and central banks," said longtime U.S. central banker Simon Potterin an online video interviewby the Financial Times.

Globally, digitization of nationalcurrencies is already underway. Sweden is well on the road to phasing out conventional cash. Canadians have been world leaders in paying with alternatives like chip cards.China, with its powerful centrally controlled state, is ideally placed to push through a digital stablecoin that will also help it keep track of themoney flows of everyone who uses it.

Watch the International Institute of Finance discuss the future of money:

As reported by CBC Radio's The Current, access to information requests by the tech news site The Logicshow that the Bank of Canada has looked into the possibility of following Sweden and gradually eliminating those polymer bills, but such a plan would require a decision of the federal government to proceed.

Unlike China, a Canadian government might be unwilling to take such a radical step when such obvious moves asreplacing low-denomination bills by coins and eliminating the penny attracted such popular wrath.

But the difficulty for governments is that commercial stablecoins such as libra arenot the only competition. If one country creates a functioning state-backed digital stablecoin, it may be difficult to stop thecitizens of other countriesfrom using it.

For Wilkins, no doubt, working out a solution is part of what makes it all so exciting.

But whatever the final outcome, it does seem that our concept of money is changing. Just last month, Bank of Canada deputy governor Timothy Lane participated in a discussion at the International Institute of Finance titledThe Future of Money. The fact is, as cash disappears, digital stablecoins may become an essential alternative for certain purposes.

Lane pointed out that as merchants, banks andconsumers increasingly stop using bank notes for transactions, we may reach a tipping pointwhere those notes effectivelydisappear from circulation so that even people who want to use bills don't have the option.

"In the immortal words of Joni Mitchell," quipped Lane, "'You don't know what you've got till it's gone.'"

Follow Don on Twitter @don_pittis

Visit link:

Governments race to beat Facebook's cryptocurrency, libra, at its own game: Don Pittis - CBC.ca

CRYPTOCURRENCY: China calls on Huawei to help with crypto ambitions – Express

Despite insisting the direction of Beijings financial future lay with blockchain not bitcoin, it would appear China is covertly looking to beef up its rumoured plans to launch a national cryptocurrency as it has been revealed that the government has signed a deal with phone giant Huawei.It is understood the coin research department of the Shenzhen-based manufacturer has been drafted in by the Peoples Bank of China following talks between the banks governor Fan Yifei and Huaweis top brass yesterday. Although cagey about details of the deal, the bank confirmed it had signed a strategic cooperation agreement.

While the agreement may well fit into the current blockchain-only script, the changing narrative behind Chinas public stance on cryptocurrency is causing concern among many international observers.

Last month, Chinas president Xi Jinping appeared to back bitcoin and other cryptocurrencies before the government stepped in on his behalf a few days later to backtrack on comments the leader had made.

Officials were quick todenyany endorsement of cryptocurrency, instead insisting that China would be pulling out all the stops to embrace and develop blockchain the technology which underpins bitcoin rather than pursuing crypto adoption.

The scenes played out against the backdrop of whispers and rumours that China has indeed been engaged in developing a crypto version of the Yen behind the cloak of blockchain.

Ever since Facebook unveiled its controversial plans for a global digital currency called Libra earlier this year, it is believed China has been furiously working behind the scenes to develop its own state-issued e-currency.

With Facebook banned in China, the idea that this huge global social media network could create what many in Beijing view as a new world order in finance is a notion which has spurred China on to ensure it creates a nationwide form of digital money before Libra envelops the planet, assesses Hong Kong-based financial analyst Tan Leung Wai.

China is desperate to protect its sovereign currency from what it sees as a massive threat in the shape of something which has the potential to one day become a sovereign currency throughout the world.

Mr Wai also suggested that while Huawei may be publicly acknowledging its involvement with the Peoples Bank of China, it was likely that the smart phone manufacturer was the tip of the iceberg.

Authorities in Beijing will, without any doubt, have called upon the services of many of the countrys major industry leaders to assist with ensuring the protection of Chinas financial independence, so to think that Huawei is acting alone here is slightly ridiculous, he added.

The rumours from Beijing are that several other big names are involved in talks to get cryptocurrency moving in China behind the cloak of blockchain.

See the rest here:

CRYPTOCURRENCY: China calls on Huawei to help with crypto ambitions - Express

Bitcoin and Cryptocurrency mining industry still has a future in China – FXStreet

The final catalogue released by the National Development and Reform Commission (NDRC) of China has excluded the crypto mining industry. The list titled "Industrial Structure Adjustment Guidance Catalog" is released by the agency to encourage support for certain industries while advising elimination of other industries.

The agency had included crypto mining in a draft of the same cataloguein April. The current catalogue excludes Bitcoin from the industries to scrapped and is set to come into effect on January 1, 2020.

The Chinese region hosts some of the largest Bitcoin and crypto mining plants in the world including Bitmain, Canaan and Ebang. The development is massive gesture towards the crypto industry for a country that has a selective preference for the industry.

This also comes after the President of China Xi Jinping pledged support for the blockchain technology. Jinping told industry players to take advantage of blockchain, however, China still discourages speculation.

Go here to see the original:

Bitcoin and Cryptocurrency mining industry still has a future in China - FXStreet