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Monthly Archives: February 2020
Why Venezuela’s Oil Based Cryptocurrency Is Still Alive – OilPrice.com
Posted: February 24, 2020 at 5:41 am
In a recentWall Street Journalarticle, Mary Anastasia OGrady writes that VenezuelasNational Superintendency for the Defense of Socio-Economic Rights is reportedly pressuring stores to accept the governments new digital fiat currency, the Petro.The Venezuelan government claims its digital currency, which launched in early 2018, is backed one-for-one by a barrel of oil. The petro is also intended to circulate at a fixed exchange rate with the bolvar soberano, the latest iteration of Venezuelas fledgling currency.
Ms. OGrady quotes me summarizing some of the work I have done with Josh Hendrickson and Thomas Hogan, which shows that a government canget its citizens to use its preferred money so long as it issufficiently bigor is willing to levysufficiently large punishments. But she leaves another question unanswered:why would the Venezuelan government prefer the petro? Stays Alive
Three reasons stand out.
Venezuela relies heavily on oil revenues.According to OPEC, oil revenues typically account for around 99 percent of Venezuelas total export revenues. And, historically, much of those oil exports have gone to the U.S. However, its oil exportsfell by a third in 2019, in large part because ofeconomic sanctions levied by the U.S.
To fully appreciate the nature of the problem, it is useful to make a distinction between primary and secondary sanctions. Primary economic sanctions levied by the U.S. government prevent Americans from purchasing oil from Venezuela. However, the U.S. government has also announced that it will impose sanctions on anyone else trading with Venezuela. And these secondary sanctions have been pretty effective.
Why are U.S. secondary sanctions so effective?J.P. Koning is certainly correctwhen he writes that most companies and countries do not want to risk losing access to U.S. markets. But he probably goes too far in claiming this has very little to do with the U.S. dollar functioning as the worlds reserve currency. The U.S. government has a much easier time monitoring international transactions executed in U.S. dollars.
International transactions executed in U.S. dollars are typically cleared in a New York bank. Those banks know their customers and are obliged to hand over transactions data to the U.S. government when subpoenaed or if they suspect a crime is being committed. Related: Texas Oil Production To Rise In 2020 Despite Lower Prices
If the international transaction is executed in some other currency, like euros, the information is a little more difficult for the U.S. government to access. Of course, most European banks will refuse to clear the transaction as well since the U.S. government can require they hand over the relevant transactions data, in which case they would be found to have violated sanctions by processing the transaction, or they would lose access to U.S. markets on grounds of non-compliance; and, since most international transactions are executed in U.S. dollars, a European bank that cannot transfer money to and from U.S. banks will struggle to serve its international transactions-making customers.
Nonetheless, the risk of detection is probably a little lower than it would be if the transaction were made in U.S. dollars. And, as a result, the transaction is more likely to be executed.
The international financial plumbing has a lot of pipes running to and from the U.S. And that gives the U.S. a lot of power to levy sanctions, not just on its own citizens, but also on citizens and companies of other countries interested in international trade.
You can probably see where this is going. If Venezuela were able to create a parallel financial system, one with no pipes going to and from the U.S., it could make and receive international transactions with even less risk of detection than is afforded by other national currencies, like the euro, ruble, or renminbi.
Thats where the petro comes in. As a digital currency, it enables one to send or receive funds virtually anywhere around the world. And, to the extent that those transactions are disconnected from the U.S. financial system, they are much less likely to be detected by the U.S. government.
Again: the sanctions still apply. But, by conducting transactions in petros, they are easier to get around.
Why, then, does Venezuela push the petro at home? Why not just require it for international transactions? For one, few will be willing to accept the petro if there isnt a very big market for petros. Hence, by increasing the demand for petros at home, Venezuela makes it less risky for foreigners to accept them if only for a short period of time.
For international transactions, the petro offers those interested in skirting U.S. sanctions some financial privacy not afforded by traditional cross-border electronic transfers. For internal transactions, in contrast, it almost certainly offers far less financial privacy than hand-to-hand currency.
As Josh Hendrickson and I explain in arecent working paper, hand-to-hand currency cash affords a lot of financial privacy. There are drawbacks to using cash, to be sure.
Cash does not bear interest. It is easier to lose and easier to steal than balances held at a bank and less likely to be insured due to loss or theft. It is more cumbersome for high-valued transactions, since one must carry many notes, and odd-amount transactions, since one must provide the correct denominations. And it typically requires the sender and receiver to be physically present in the same location when funds are transferred. Related: U.S. Administration Discusses Plan To Oust Venezuelas Maduro
But, for relatively small, local transactions where financial privacy is important, cash is still king.
It is easy to imagine, then, why the Venezuelan government might want to push its citizens to swap physical bolivares for digital petros even in the absence of international sanctions. The petro makes it much easier to monitor transactions and punish those conducting transactions inconsistent with the prevailing governments objectives.
It is difficult to mount much opposition without funding. And it is difficult to raise funds for an opposition movement if would-be contributors worry they will be caught and punished. By requiring petro use, the Maduro regime tightens its grip on power. YOUR INBOX
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Finally, widespread petro use would presumably help Venezuela with another one of its self-inflicted problems: cash shortages.
When the money supply (i.e., cash and deposit balances) increases, as it tends to do quite rapidly in Venezuela, the purchasing power of that money falls. As a result, more cash is needed to make routine transactions. But Venezuela does not print its bolivares notes. And, for obvious reasons, the private companies willing to crank out its ever-increasing supply of bolivares notes are not willing to receive payment in bolivares.
This has led to some amusing headlines. In April 2016,Bloombergreported thatVenezuela Doesnt Have Enough Money to Pay for Its Money. In July 2018, theEconomistreported thatVenezuelan cash is almost worthless, but also scarce. The reality on the ground is far from amusing, though. The inability to make routine transactions leads to a decline in production, leaving ordinary Venezuelans even poorer than they already were.
There are two solutions to this problem.
If the National Superintendency for the Defense of Socio-Economic Rights is successful in pressuring stores to accept the petro, it would serve the Maduro regime well. By making it easier to avoid sanctions, the petro enables the government to regain some of its lost oil revenues. By making it easier to monitor domestic transactions, the petro aids efforts to stamp out political opposition. And, by reducing the need to print up so many new notes during periods of hyperinflation, the petro reduces the likelihood and magnitude of cash shortages.
Alas, in helping the Maduro regime maintain power, the petro seems unlikely to improve the lives of ordinary Venezuelans.
By William Luther via Zerohedge.com
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Bitcoins Potential to Benefit the African-American Community – Cointelegraph
Posted: at 5:41 am
The issue of race when it comes to cryptocurrency is a sensitive one, and not without reason. The African-American community is largely born at an economic disadvantage, with a legacy financial system fueled by unethical practices like redlining, among many others. However, cryptocurrencies may give them the opportunity to eventually level the playing field.
Jack Dorsey, CEO of Twitter, is no stranger to controversy himself. His platform currently hosts 330 million people around the world, and his individual followers currently number just over 4.3 million. On Sunday, he used that influence to promote a new book discussing Bitcoins potential benefits to the African-American community.
Bitcoin & Black America, written by Isaiah Jackson, offers an analysis of the role cryptocurrency can play with African-Americans, a group historically underserved by major financial institutions. Yet, the author notes, black people in the U.S. have largely not utilized cryptocurrency to try and achieve financial autonomy.
One of the problems, according to Jackson, is the perception of cryptocurrency among the African-American community. They are not the only ones to see Bitcoin as a scam, with new schemes continuing to exploit lack of regulatory oversight popping up in the news. Misinformation coupled with a lack of banking access has made investing in cryptocurrency a challenge among black people in the United States. Jackson says this must change going forward.
Originally published in July 2019, Bitcoin & Black America received a boost from the recent resurgence of the crypto market. Dorseys endorsement this week may do likewise.
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Finance Sector Concerned Over the Increasing Dominance of Cryptocurrency – Inside Bitcoins
Posted: at 5:41 am
Cryptocurrencies and Bitcoin are barely a decade old. But they have already had a significant impact on the world of finance. When Facebook announced that it will float its own digital currency Libra, it was another sound reminder that the world is about witnessing a major shift in paradigm in the finance sector.
Now a prominent figure in the finance sector has come out again to warn those in the mainstream to keep up with the rapid changes taking place in the finance sector as a result of cryptocurrencies and Bitcoin.
U.S. Federal Reserve governor and chair of the Financial Stability Board, Randal Quarles, has warned central bankers and finance ministers to take note of the quick changes happening within the finance industry, brought by cryptocurrencies and bitcoin.
In his statement,
Technology is changing the nature of traditional finance, bringing innovations that create both potential benefits and risks.
He made this statement in a letter for the G20 summit this week. According to him, the rapid changes in the finance sector may bring about new challenges for many central banks and governments around the world.
Earlier this week, the U.S. government stated that cryptocurrency and Bitcoin can pose a challenge to the USD in retaining its status as the worlds reserve coin. Currently, its looking for researchers who would look into the extent of risks digital coins pose to the continued dominance of the USD.
And there has been growing support for the US to start developing its own government-backed digital currency.
Already, many central banks and governments believe that the introduction of Libra could have an impact on governments stronghold on their economies if the digital currency becomes widely used around the world. Some are having fears that it could lead them to lose their financial and regulatory control of economies. `
Some E.U. countries, including Spain, Italy, Germany, and France, have reiterated their desire to block the use of Libra in their respective countries because of the risk it poses to the financial sector. However, instead of using Libra, the countries are supporting the proposal of an alternate public cryptocurrency run by the central bank.
On a similar note, some top companies like eBay, PayPal, Mastercard, and Visa, who initially supported the introduction of Libra, are now backing out. They view the Libra currency as a major competition, which can put their line of business at risk, should the digital coin become a reality.
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Swedens Central Bank To Begin Testing National Cryptocurrency – CryptoPotato
Posted: at 5:41 am
The Swedish Central Bank will establish a test group for its potential digital currency the e-krona. It will run for a year and should confirm if theres an actual need case for launching a digital krona.
Recently reported by local news, the Riksbank is ready to launch a group to examine the potential e-krona. The participants will play out different scenarios to determine if the digital currencys performance is sufficient and reliable. A statement from the bank outlines the various requirements that the e-krona needs to address before launching:
The aim of the project is to show how an e-krona could be used by the general public. A digital krona should be simple, user-friendly as well as fulfill critical requirements for security and performance.
The project will run on the blockchain technology in an isolated test environment. The participants will store the e-krona in a digital wallet. They will use a mobile app to make payments, deposits, and withdrawals. Additionally, users will also make payments via cards and smartwatches.
The bank will run the test group for a year until February 2021.
The Swedish central bank will also collaborate with other countries to discuss potential cases for issuing their cryptocurrency. To do so, the Riksbank will enter a dedicated group with the banks of Britain, the Eurozone, Japan, and Switzerland.
The report also outlines the real purpose of the potential digital krona. It informs that the Swedish population has stopped using cash as the primary source of payment transactions. More specifically, the percentage of people paying with cash has dropped from 40 to 13 between 2010 and 2018.
Despite that, though, the Riksbank doesnt plan to replace cash entirely if it launches the digital krona. Instead, the central bank said that it would be used as a complement. It will continue to issue banknotes and coins, as long as theres a demand in the country.
Deutsche bank recently also touched upon the topic of cash necessity in todays society. It concluded that some banks, debit, and credit card providers, and governments are attempting to eliminate cash from daily usage. However, their document ultimately refuted the option of the end of cash.
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Inside the Lachish Temple, the Earliest Example of the Letter Samekh – The Daily Beast
Posted: at 5:41 am
Whether you text, type, scrawl chicken scratch onto a doctors pad, or inscribe calligraphy in your bullet journal, everyone who shares a language uses the same alphabet. But where does it come from? And who invented it? Even as our own alphabet changes and we devolve into the pictorial non-syllabic communication of emojis, tracing the history of writing is its own form of investigative journey.
And now archaeologists have found another piece of the puzzle: excavations in Israel have unearthed a 3,200-year-old Canaanite temple that once served the city of Lachish, the last Canaanite city. The discovery promises to shed light on the political and religious relationship between the Canaanites and Egyptians, ancient Canaanite religion and deities, and even the Israelite conquest. But among the most important discoveries at the site was the earliest example of the proto-Canaanite letter samekh a letter that would survive in Hebrew and Aramaic, find its way into ancient Greek, and enjoy an afterlife in 21st century technology.
The discovery was made by a team jointly led by Prof. Yosef Garfinkel of the Hebrew University of Jerusalem and Prof. Michael Hasel at Southern Adventist University in Tennessee. Though the temple was unearthed two years ago, it has taken several years for the finds and evidence to be analyzed and news of the discovery only emerged this week.
In the Bible, Lachish is mentioned several times; in particular with the conquest of the land of Canaanites by the Israelites (Joshua 10:3, 5, 23, 31-35). According to the book of Joshua, Japhia, the King of Lachish, was one of five kings who tried to push back the Israelite invasion. After being caught unawares by a surprise attack, Japhia and his allies took refuge in a cave, were captured, and then executed. Joshua then launched a siege of Lachish that lasted for two days before the city fell and Joshua had the inhabitants of the city exterminated. The city and land surrounding it was then assigned to the tribe of Judah. If all of this sounds like a war crime to you, then youre correct: the Israelite conquest narratives are stories about divinely mandated and supported genocide. The city is mentioned again on a variety of occasions; the prophet Jeremiah names it as one of the last cities to fall to the Babylonian king Nebuchadnezzar II, for example.
The city itself is located in central Israel about 25 miles southwest of Jerusalem in the Shephelah (lowlands) region of Israel between Mount Hebron and the Mediterranean coast. In both the Canaanite and Judahite periods Lachish was second in importance only to Jerusalem. For an ancient city, Lachish is remarkably well-documented in our historical records. It appears in ancient Assyrian, Egyptian, and Biblical texts and is even referred to on stone panels found in Nineveh (modern day northern Iraq). The earliest literary reference to Lachish is in Egyptian sources: the so-called Amarna letters, a set of clay tablets that document correspondence between Egypt government and their representatives in Canaan. These everyday administrative letters reveal that Lachish was an important and powerful city in the foothills of Judea.
Even before the arrival of the Israelites, the city had had a violent history: It first rose to prominence in 1800 BCE and, for some 400 years thereafter, it flourished and prospered. It was then destroyed by Pharaoh Thutmose III in 1550 BCE as part of the 18th Dynastys expansion into Canaan. The city was rebuilt and destroyed on multiple other occasions throughout its history but the newly discovered temple dates from the citys resurgence between roughly 1200-1150 BCE. Garfinkel calls this incarnation, the last Canaanite city.
The structure of the temple is unusual for the Late Bronze age: The entrance, which featured two towers and pillars, led to a large rectangular hall. Garfinkel told Haaretz that this kind of structure was more common in earlier temples found in Syria. But the style appears to have influenced the first Temple in Jerusalem built by King Solomon which, according to the Bible, also featured pillars, towers and a central hall.
As we would expect for an urban center with close ties to Egypt, many of the artifacts found at the site revealed Egyptian influence in the region. In addition to bronze cauldrons, axes, and daggers adorned with bird heads and scarabs, the team found a gold-plated bottle inscribed with the name of Rameses II. They also discovered an amulet that references the goddess Hathor, an Egyptian bovine deity who might also have been local to Canaan. In Egyptian mythology Hathor was associated with music, fertility, love and sex and was often charged with greeting the dead in the afterlife. The discovery of Egyptian religious traditions at the temple at Lachish is evidence of the contact between and mutual influence of Canaanite and Egyptian culture on each other.
Also discovered within the Temple, however, were religious elements that would not have been found in either ancient Egypt or ancient Israel. In particular, the discovery of two small statues of the god Baalone of the God of Israels principle competitors in the Biblereveal that this was unambiguously a center of Canaanite religious life.
Arguably the most stunning revelation from the temple was the discovery of an early Canaanite inscription on a shard of pottery. Among the letters etched into the clay was the proto-Canaanite letter samekh. This letter resembles a mirrored capital letter E (a vertical line crossed by three perpendicular shorter lines). The example from Lachish is the earliest example of samekh that we have and thus adds to our understanding of the development of alphabet writing systems. Many scholars believe that ancient writing began in ancient Sumer (Mesopotamia) with the development of pictographic writing forms such as that found on the limestone Kish tablet. The Kish tablet is often seen as a bridge or transitional example between proto-writing systems (symbolic systems of communication that arose independently in various regions of the ancient world) and syllabic writing systems; in the case of the Kish tablet cuneiform, a system of wedge-shaped marks.
Whether one is willing to name the Sumerians as first (and some arent) its clear that ancient writing systems developed in the Early Bronze Age in a variety of places including Sumer (cuneiform), Egypt (hieroglyphics), Crete (hieroglyphs), China (logographs), the Indus Valley (Indus/Harrapan Script), and Mexico (Cascajal block). The aleph-bet-gimmel semitic writing system known as proto-Canaanite that would eventually develop into Hebrew and Aramaic emerged in 1800 BCE and can be seen in early examples from Egypt and Sinai. In the Lachish temple example we see for the first time how the proto-Canaanites wrote the letter samekh. Garfinkel told Haaretz [Other examples of proto-Canaanite writing] had the other letters, het and resh and shin and so on, but not samekh. Scholars were able to identify the letter because sometime between 1000 and 950 BCE the Phoenicians adopted the proto-Canaanite alphabet, refined it, and formalized it into a more structured and organized system and in the Phoenician system this is exactly how samekh looks. Now we know for sure where they got it from.
The discovery at Lachish helps us chart the shifts and changes from proto-Canaanite to Pheonecian and then to Hebrew and beyond. Dr. Robert Cargill, an archaeologist and professor of ancient Judaism and Christianity at the University of Iowa told me the samekh has an odd history because even though it is a somewhat redundant sibilant (a hissing sound, to you and me), it persists in Hebrew and Aramaic, and even in the Greek alphabet via the Phoenician alphabet. In other words, even though it was somewhat redundant, the influence of this letter is felt in a number of important writing systems. In Greek it gave rise to the letter Xi, which continues to be used (outside of just the Greek and old Cyrillic alphabets) in mathematics and science where it has over a dozen applications. Perhaps most strangely it is a monetary unit of Ethereum, a cryptocurrency that some have claimed is used by criminals to run Ponzi schemes and investment fraud. From ancient temple pottery to sophisticated Ponzi schemes, this letter has come a long way.
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Ripple Battles XRP Scams, Launches Initiative to Combat Cryptocurrency Theft, Fake Giveaways and Financial Crimes – The Daily Hodl
Posted: at 5:41 am
Ripple has launched a new portal designed to give cryptocurrency investors a way to report malicious activity connected to the XRP Ledger.
People can now fill out a request form asking Ripple to explore a long list of unusual activity, including theft, phishing attempts, giveaway scams, suspicious exchanges, money laundering, unauthorized transactions and other financial crimes.
Although it will investigate matters connected to the XRP Ledger, Ripple says it will not make victims whole and cannot reverse transactions.
Ledger and the users of the XRP Ledger are not customers of Ripple therefore Ripple does not have the power to reverse transactions, even in the case of a reported financial loss (ex: theft).
By submitting a request to Ripple, the company says consumers are effectively giving the company permission to report the matter to US lawmakers on the federal, state, or local level.
Ripple may also report the issue to international law enforcement or regulatory agencies.
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Efforts to ‘abolitionize’ the United States – Point Pleasant Register
Posted: February 23, 2020 at 6:46 am
and I will be heard.
Last week, I wrote on Reverend William Wylie Harper and his efforts to abolitionize Mason County, efforts that had the support of Editor Tippett and were finally successful when West Virginia abolished slavery in 1864. He, however, was not the first abolitionist, nor the last.
The abolitionist movement in the United States began even before the American Revolution, primarily among the Mennonites and Quakers. In 1775, the Pennsylvania Abolition Society was founded as the first organization dedicated to the abolition of slavery, and in 1790, that group was the first to take a public stand and petition Congress to ban slavery.
In 1777, Vermont became the first state to abolish slavery while still the independent Vermont Republic. In 1780, Pennsylvania enacted the Gradual Abolition Act, which gradually ended slavery by freeing any children born to slaves after that date. By 1804, gradual abolition was enacted throughout the Northeast, and slavery was banned in the Northwest Territory (the area that became Ohio, Indiana, Illinois, Michigan, and Wisconsin).
That effectively ended slavery north of the Ohio River and Mason-Dixon Line, though the process of gradual abolition took decades to fully abolish slavery. But, by spreading the end of slavery out over several decades and thereby minimizing the impact on the economy, these efforts gained the support of anti-slavery men such as George Washington, Thomas Jefferson, John Quincy Adams, and later, Abraham Lincoln.
If those leaders had their way, gradual abolition would have spread into the South until slavery eventually died on its own. Of course, we know now that this did not happen. Virginia came close several times, but the economy of the Deep South was too reliant on slavery for it to end. This gave rise to the abolitionists, those who called for slavery to be unconditionally and immediately abolished.
As a movement, abolitionism was born in the 1820s, amid the Second Great Awakening. Alongside the growth of the Methodist and Baptist Churches, and particularly after its inclusion as one of the Methodist works of piety, opposition to slavery became much more than just an economic debate. It was a war for the soul of the nation.
Methodist and Baptist ministers fought this war from the pulpit, but it was clear that more was necessary, and other ministers took their preaching to the newspapers and meeting halls. The foremost of these ministers of abolitionism was William Lloyd Garrison.
Though he began his career as a supporter of gradual abolition, he soon realized that would not work. With years of experience in publishing, he joined Benjamin Lundy as co-editor of an abolitionist newspapers in 1829. After a brief stint in jail, he began his own newspaper in 1831.
It was in the first issue of that paper, The Liberator, that Garrison wrote, I am in earnestI will not equivocateI will not excuseI will not retreat a single inchand I will be heard. From that moment, Garrison was the unquestioned spokesman for the abolitionists.
By 1832, Garrison had enough support to organize the New England Anti-Slavery Society, which only a year later joined ten other organizations to form the American Anti-Slavery Society. Through those organizations, Garrison recruited talented orators to advance the abolitionist cause.
Some of these speakers included Angelina and Sarah Grimke, daughters of a South Carolina slave owner, and escaped slave Frederick Douglass. Together with Garrison, whom Douglass himself said spoke as if his words were full of holy fire, they could abolitionize just about any crowd.
Other Garrisonians, as they came to be called, included noted lawyer Wendell Philips and suffragettes Susan B. Anthony, Abby Kelley Foster, and Elizabeth Cady Stanton. Those four supporters, along with the Grimke sisters, were instrumental in convincing Garrison that African-American suffrage and womens suffrage were one and the same, and from 1837, The Liberator dedicated itself to both causes.
By 1838, the American Anti-Slavery Society had over 250,000 members and real political influence. That influence was a threat, and Garrison himself was threatened with lynching and a bounty in Georgia. Churches and schools supporting abolitionists were burned to the ground, abolitionists were imprisoned, and some, such as Reverend Elijah Lovejoy, were murdered in cold blood.
Nonetheless, they continued their fight, though they had little luck getting any abolitionist bills through Congress as long as the Southern states had a say in the matter. It wasnt until the midst of the Civil War, after the South had given up its seats in Congress, that their goals were realized.
On January 1st, 1863, the Emancipation Proclamation freed slaves in areas under control of the Union Army. A step in the right direction, the Proclamation gained national support and paved the way for the 13th Amendment. With its ratification in December of 1865, slavery was abolished in its entirety. The fight for suffrage, however, continued.
Information from more sources than are possible to list here, but prominent among them is Henry Mayers All on Fire, a biography of William Lloyd Garrison.
The next meeting of the Mason County Historical and Preservation Society will be Saturday, March 14 at 5 p.m. at the Mason County Library.
Chris Rizer is president of the Mason County Historical and Preservation Society, reach him at masonchps@gmail.com.
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Abolition of Toll Tax and impact on Industries – Daily Excelsior
Posted: at 6:46 am
Have our local industrial units grown strong enough to face competition from other players in the field and function under the doctrine of level playing field despite having enjoyed some sort of state protectionism for quite some? What are the reasons for our industrial sector not picking up satisfactorily despite availability of liberal credit from Banking and other Financial Institutions ? Has the need arisen to introduce advanced technology and better professional management of the units ? These are a few questions haunting the local industrial sector and needing attention and resolution . Added to the scenario is such a factor which is laced with and resulting in showering benefits on many but causing lot of anxiety to various industrial units in our UT of Jammu and Kashmir. That is abolition of Toll Tax at Lakhanpur, Railway Stations and at Airports in Jammu and Kashmir.This abolition will result in the influx of goods and services from across the country at competitive prices much to the detriment of the local entrepreneurs interests many of whom fear that some units would definitely be grossly disadvantaged and many might not reach even breakeven point or in other words, the sale proceeds would not cover even its expenses. It is not that the Government, which by the decision of foregoing taxes, would be incurring an annual loss of revenue to the extent of over Rs. 1500 crore, is not conscious of the impending impact on the local industrial units . To look into the entire gamut of things post abolition of Toll tax , it constituted a high powered committee to assess the extent of impact. However, as is wont with most of such constituted committees , especially decorated as High Powered , timelines are never met , so turned out to be the Committee under reference which failed to submit its report to the Government within one month.With such casual approach, not only are the affected entrepreneurs jittery but it makes the oft repeated claims of the Government look prosaic that it was committed to the development of vibrant, modern and competitive industrial and manufacturing sector in Jammu and Kashmir. By convening just a meeting since constituting of this Committee evidences that seriousness accorded to the subject was in utter deficit. General Administration Department should arrange putting in place a system of monitoring of such committees performance from time to time by way of establishing a separate cell mandated to pursue the level of developments in all such cases . Some sort of arrangement , at least , for those units which were vulnerable to suffer on account of abolition of Toll Tax should be arrived at towards which, the Government must pay due attention.We reiterate that since a large work force -both technical and non technical was engaged in the local industrial sector thus being employer of hundreds of such people , every care should be taken that those workers did not lose their livelihood in case the stiff competition from other traders and manufacturers from outside Jammu and Kashmir as a consequence of abolishing of the Toll Tax resulted in affecting the working of the industrial units. Local Industrial Associations as well as Federation of Industries, Jammu are opposing the decision to do away with Toll Tax which would not wholly benefit the consumer but would definitely hamper the working of the units. Therefore, it is in the fitness of things, at the outset, the Committee submitted its report and recommendations to the Government at an early date so that it took some concrete decisions in the matter.
The Leading Daily of Jammu and Kashmir , India
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The triumphs and struggles of black dance companies – Greensboro News & Record
Posted: at 6:46 am
Alexandra Joye Warren
Alexandra Joye Warren dances during a rehearsal at Greensboro Cultural Center in Greensboro. In 2014, Warren created Joyemovement to give professional dancers in this region an opportunity to continue performing professionally.
Joyemovement,www.joyemovement.com
Warren'smission is to tell the stories of the African Diaspora and explore the Afro-Future through dance.
When did you form your dance company?After living in New York for about seven years, I moved to Greensboro with my husband and infant daughter. After about a year, I became restless with wanting to perform the work I was beginning to create in New York. In New York, I was fortunate to work with women of the Urban Bush Women lineage like Christal Brown and Paloma McGregor and other women choreographers who told powerful stories with their choreography.
In 2014, I decided to create Joyemovement to give professional dancers in this region an opportunity to continue performing professionally.
Why did you want to form a dance company?Around 2013 when the trial of George Zimmerman and Trayvon Martin was happening, I began to feel enraged. I had all of these questions and frustrations and I needed to work out how I was processing what was happening in the world, what happened in the past and what was continuing to happen. I knew I could only do that through choreography. This was another major reason I began Joyemovement.
What styles of dance did you perform?I focus on performing and creating contemporary/modern dance work. I also infuse West African movement principles into my contemporary work as well.
What dancer do you admire?There are so many. But the first time I saw Alicia Graf Mack when she was in the Dance Theater of Harlem on a field trip to the Kennedy Center when I was in high school I began to follow her career. I've seen her perform many times when she was with the Ailey Company and now she is a mom and the director of dance at Juilliard. I love how she keeps evolving. That inspires me.
What brings you joy?I love to read. When I was a child I always had too much energy and a defiant spirit, so I used to get grounded often for some reason or another. The only thing I was allowed to do was read. I long for those days now of lying in bed with my book light and just reading for hours. I recently joined the Well-Read Black Girl book club chapter in Greensboro. I also love listening to podcasts, snuggling up with my little ones and talking to my husband until the wee hours of the night.
How does this area play a role in your art?One of my mentors once challenged me to think about whether this region would be ready for the work I wanted to create or viable for a dance company. Greensboro has an amazing artists' community of nationally-recognized artists and presenters who are able to bring other nationally-recognized artists either here or nearby. Because of all the universities and colleges and several excellent dance programs from K-12 and in higher ed, dancers want the option to make their home here and not have to go to another city to continue their dance career.
What are you working on right now?I'm currently in development of a three-part piece which will premiere over the next few years. "A Wicked Silence" is a dance exploration of the consequences of the eugenics program in North Carolina. From 1919-1977, there was forced sterilization of patients of publicly-funded institutions that were judged to be "'mentally defective or feeble-minded' by authorities which later evolved into impoverished populations. This dance performance project will bring these stories to light in the context of new policies that are being proposed, which greatly affect the life and liberty of the poor in the 21st century.
What is your dream for your dance company?My goal is to reach as many audience members as we possibly can. I want to regularly tour the United States and perform internationally. I would like the company to be financially stable to support the dancers as a full-time job with benefits (which currently doesn't happen).
What is the best way for an audience to view a dance performance?I think it depends on the work. I am currently interested in creating intimate settings for my work and also figuring out how to make more come alive outdoors. I like for the audience to feel the dancers' energy and possibly internal emotion. That sometimes happens best in different settings like a bar, an art gallery, in the woods, etc.
Wesley Williams says My dream is to build a reputation of bringing the best out of the artist I work with even when they dont get it at the time.
Suah African Dance Theatre, http://www.facebook.com/SuahADT
From the time of his high school days, dance has called out to Wesley Williams.
Since 1998, the former college football player has led his own professional dance company first as Wesley Williams Urban Dance Theatre, then since 2012 as Suah African Dance Theatre.
These days, he does more drumming than dancing in the troupe that performs traditional West African drum and dance along with contemporary African dance. But his company continues to thrive.
Why did you want to form a dance company? To push black art and to release the creative side of me.
What has been the greatest challenge? Finances were a big issue in the beginning, but then finding professional-level dancers who can and will put in the necessary time to be the best they can be. Most dancers dont know the level of work required to be a professional.
What has been the most unexpected surprise? Artists who want to be paid for their art but dont know their craft.
What brings you joy? Having a brief thought about something small and in a few months seeing it evolve and performed on stage in a big way.
What dancer do you admire?Youssouf Koumbassa is the only dancer/performer I know from Africa who uses body movement to convey a internal message. He can interpret your insecurities and reflect it back to you in a non-verbal manner. In doing so, he does it with fluidity and conviction. His movement vocabulary challenges individual self-doubt.
What advice would you give other black dance companies? Stop paying artists for what they have done or even what they know. Instead, hold them accountable and pay them for their present time.
How does this area play a role in your art? This area plays a big roll because it doesnt have a Traditional African dance and drum company readily accessible and available as much as my company. Therefore, work for my company is plentiful right now.
What are you working on right now? My company's very first and North Carolinas largest African drum and dance conference to date. It will be a three-day event, including A-level dance and drum classes taught by celebrity natives from America and Africa. This event will have a health and wellness fair with African-style vending and vegan food and nutritional information for all to indulge in. This event will take place March 20-22 at the Greensboro Cultural Center.
What is your dream for your dance company? My dream is to build a reputation of bringing the best out of the artist I work with even when they dont get it at the time.
What is the best way for an audience to view a dance performance?I think approaching dance performances as theater is more effective when you try and connect what you see and hear with what you see and hear in your everyday world. Depending on how interesting your everyday world is, thats when you began to journey with the choreographer. Otherwise its just entertainment for someone who may or may not want to be entertained. But I feel that everyone wants to go on a journey.
Princess Johnson of Royal Expressions Contemporary Ballet is working on two productions. One will be an artists showcase for Juneteenth.
Royal Expressions Contemporary Ballet, http://www.royalexpressions.org
Royal Expressions operates a professional dance company, along with a school of dance and outreach dance programs for the community.
But supporting the professional dance company remains a struggle, even after 10 years. While Royal Expressions' school of dance continues to operate in Battleground Avenue studios, its professional dance company has been on hiatus since February 2018.
Johnson wants to raise more money so that its artists are paid for their studio rehearsal and performance time. "We want to be leaders in creating a dance company that supports its artists," she said.
The good news: Royal Expressions Johnson plans to relaunch the company in June in celebration of Juneteenth.
The holiday commemorates the June 19, 1865, announcement of the abolition of slavery in Texas, and the emancipation of enslaved African Americans throughout the former Confederate states.
What styles of dance did you perform? We are "contemporary ballet." We use both terms loosely. Ballet is in reference to telling stories through movement, not the style of dance. Contemporary is representative of any and all forms of dance. We do not want to limit ourselves and it keeps the audience surprised. We have included tap, jazz, contemporary, modern, African, ballet and pointe in our repertoire. You never know what style you will see. But what you will see is passion and high energy oozing from our dancers to the audience.
Why did you want to form a dance company?I started Royal Expressions Contemporary Ballet because I wanted to create a place for dancers to explore dance in a supportive learning environment, as well as choreograph shows that are meaningful and thought-provoking. Growing up in Greensboro, I never saw dancers that looked like me or had my story. I didn't get the traditional studio training from 2 years and up. I was an outreach kid. I thrived in dance the best I could through choreography and improvisation, but my technique was lacking.
I was determined to learn as much as I could and went to UNCG to major in dance. After auditioning and not getting in three times, I had a teacher, Eluza Santos, who wrote a letter so that I could continue my dance studies as a major. Through this experience, I was determined to make sure students who have a passion for dance have access to dance whether in a studio setting or in an outreach setting.
This spills over into our professional company that creates professional, paid performance opportunities for artists who would never have that chance. Our company is comprised of moms, students, full-time professionals and wives, ages 23 to 35. Each person came to our company looking for a way to express themselves and be a part of something where they feel they belong. Many started out as recreational adult students and worked their way into our professional company. We have produced six original dance productions that tell stories of the human experience from pursuing dreams, to womanhood, to infertility.
What has been the greatest challenge? Starting a dance company from scratch is not easy. Starting one from scratch as a black woman is even harder. I had great expectations that being a native of Greensboro and having overcome so many obstacles, yet still being able to pursue my ultimate dream, that things would have just fallen in place.
I knew there would be challenges, but never did I consider the challenges I would face as a black woman. I have learned recently that it's important that I share my perspective as a woman of color. It's important that I help people understand the big picture when it comes to arts funding in our city.
ArtsGreensboro has been around for many decades, much of that time segregation still existed and we were fighting for the right to live freely at that time, let alone setting up arts organizations. We must remember that it was only 60 years ago that the Sit-In movement started. My Dad was 2 years old and he saw his fair share of the Civil Rights Movement in his youth. Arts funding at that time was not about funding arts organizations of color. Unfortunately, that system was never dismantled. So we find that in the history of Greensboro there has never been a fully-functioning, thriving, long-term black performing arts company to-date. We have not had an opportunity to take residence in our city and become iconic to our city, much like the N.C. Black Repertory Company in Winston-Salem or the Chuck Davis African American Dance Ensemble in Raleigh.
So my greatest challenge is that there is no blueprint for an African American arts company to succeed in Greensboro. It's up to those of us here and now to speak up and speak out about it, so that those coming behind us can be represented and they can have it just a little bit easier. I have and I've caught flack and it was painful at first, but, I've also been able to garner much more true support and that is who I focus on those who want to blaze the trail along with us.
What has been the most unexpected surprise? I think the biggest surprise was when we received $14,315 from United Way of Greater Greensboro's Bryan/Community Enrichment and Venture Grants for our outreach programs. My husband actually recorded me opening that letter. I ran a lap around the studio, screaming in excitement. Little did I know that would be followed by some of the hardest years of my career and it would be a long time before I see that level of support again. I'm proud to say we have something in the works on this scale. I can't share details just yet.
What brings you joy?I love cooking and taking walks. These things calm me and put me in my happy place.
What dancer do you admire? This changes so frequently. I've had the pleasure of meeting Carmen De Lavallade once. I also have a relationship with Misty Copeland and Alicia Graf Mack. But right now, I"m on a Camille A. Brown kick!! Camille posted a part of her story about the struggles she endured before "making it big" one time. I had been attending her shows every time she came to NC because she was like me. She started a dance company because she felt she wasn't good enough. She created a space where dancers could not only be good enough, but unlock their fullest potential. I was in awe of her and saw so much of myself in her. So I commented on the post a "thank you," because I was so close to giving up. She reached out to me in my inbox and said, "I wanted to check on you and see how you're doing." That night she gave me perspective and offered me the best encouragement, "If your team is good, then you'll be fine. Don't quit." So not only am I amazed at her work, I'm just amazed at how invested she is in being a mentor to and a representative of the black dance community. She's still pretty responsive to me to this day on Instagram, so I feel pretty special.
What advice would you give other black dance companies? We must support one another. Share one another's progress. Meet up. Attend each other's shows. Be one another's sounding boards. We must understand that our success is dependent on all of us.
How does this area play a role in your art? Greensboro is home. It's always been my desire to do this here, because this is where my dance and life experiences happened.
What are you working on right now? We have two productions in the making. One will be an artists' showcase for Juneteenth. We received $3,000 from ArtsGreensboro for this project. We are excited to showcase a few professional artists in our city in celebration of our freedom. The other project is still in development and more details will be released, but it will take place in October. We are excited to announce a partnership that will make this happen.
What is your dream for your dance company? Our dream is to have a facility that includes six studios for our school, company and for other dance artists to use for learning and creating. The facility will include a small black box theater so that we can produce shows and have multiple runs of the shows. Our artists will be full time. We will have full time staff. We see ourselves as thriving artists in Greensboro.
What is the best way for an audience to view a dance performance? When you go to a dance performance, don't approach it the same you would a theater performance. It's easy to want to do that, but you should really think of it as a visual art gallery instead. Just take it in with your eyes, and with dance, you can also take it in with your ears. Listen to the breathing, the music. See how the movement meets the music. From there let dance speak to you. There is no right or wrong interpretation. The choreographer will create from a place of freedom and the audience receives in that same freedom.
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Time to blaze the ‘Courage Trail’ – Opinion – Utica Observer Dispatch
Posted: at 6:46 am
In the past, Oneida County was referred to as Americas County. Rightly so.
Oneida County has as much, if not more, people and events connection to Americas history than any region in the nation.
From the Great Pass of the 15th Century to the moon landings of the 20th Century and much in between, Oneida County has led America on her quest for independence to her conquest of outer space.
A special national event occurred within our venerable borders. The 1777 example of bravery and courage was evident in General Herkimer s march to relieve the siege of Fort Schuyler (Stanwix). The stalemate battle at Oriskany by the brave colonial farmer-soldiers with Indian allies thwarting the British advance led to the American victory at Saratoga, and independence for a new bold experiment in mans quest for an independent moral, democratic nation.
The route of march of these early patriots is somewhat marked and at one time more easily accessible.
As Philadelphia has its Liberty Trail and Boston its Freedom Trail, the Mohawk Valley also has a similar connection to the Revolutionary War with its Courage Trail.
There has been much support of our local history development with efforts by the Landmarks Society of Greater Utica, The Oneida County History Center (formerly Oneida County Historical Society), Rome Historical Society and others including the present county administrations support for local history projects. As the county historian, I am proud of the work of the above citizens.
It would be a huge advancement for our regional history tourism if we develop and promote the Courage Trail.
It is time to form a Courage Trail Commission to further develop and promote the trail project. This group would best be composed of stakeholders from each of the history groups in the Mohawk Valley, plus local government entities.
The interest and energy in local history of many folks in our area, along with a county executive who understands and embraces such development, makes this a mandated decision.
Regardless of one reservation, I applaud the work of this county administration with the resurgence of the Bagg Square District, the ongoing development of the entertainment district, the development at Griffiss Business and Technology Park and recent news about the Marcy Nano Center, all indicative of a region on the cusp of making a breakthrough to becoming a go-to area for visitors.
One must recognize the positive approach of the Observer-Dispatch editorial board in heralding the good happenings in our region.
There are a number of stone markers along the route presently in place, sponsored by The Daughters of the American Revolution that need to be enhanced and developed for tourist use.
This development would complete the opportunity for promoting the vast Revolutionary War history of Oneida County joining with Fort Stanwix National Park, and the Oriskany Battlefield. Coupled with the Erie-Barge Canalway Trail and the Trail to Freedom (abolition history of Oneida County) this package would then be marketed as a complete visit for those who have an interest in Americas great story.
Adding such significant history venues to the tourism revenue stream is a gift waiting to be received. Oneida County is certainly on the move in a positive direction recently and needs to seize the opportunity to move it forward.
An increase in history tourism could dovetail with the other advancements for visitor revenue, such as: the U District, the Adirondack Bank Center at the Utica Memorial Auditorium and the on-going development of the Harbor Point project. Respect for the brave, patriotic souls of our early years would be an honorable, positive outcome.
Joe Bottini is Oneida County historian.
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Time to blaze the 'Courage Trail' - Opinion - Utica Observer Dispatch
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