Monday, August 15, 2022
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The Ease Of Availing Slick Cash Loan To Address Any Financial Emergency

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If you have a poor credit rating, a slick cash loan would be suitable to meet your needs. Most instant payday loan companies would not do a credit check, as they are aware of your desperation. As a result, they would sign your form without reading them thoroughly. It would quicken the process of receiving money in hand, and however, it would lock you into their terms.

Therefore, it would be imperative for you to read their form prudently before signing. If you do not understand anything, feel free to ask for an explanation. If you think they are pushing you too much, consider looking for another available option. There is no shortage of reliable instant payday loans. Consider taking the form to seek assistance from someone you deem reliable and who has adequate knowledge and experience in handling legal documents.

How To Avail Of Instant Cash Loan

You Might Come Across Two Essential Ways To Seek An Instant Cash Loan:

  • Apply Online
  • Visit The Front Desk Of The Cash Loan Company

Both have their benefits. One of the benefits would be a quick response from the companies. Most online instant payday loan companies might claim a 24-hour response. However, it may not be for all clients. Rest assured that you will receive a quick response from these companies.

All payday companies would be looking forward to offering you a quick loan. Therefore, they will respond to you as the earliest. These companies would take immense pride in responding quickly, as they understand your requirements for quick money. Remember that they have been running the business of providing loans and cash advances for their profits rather than yours.

When Could You Apply For A Cash Advance?

If you have a financial hardship, lack ready cash, and do not have any available options because of poor credit, you could apply for a cash advance. Such a trap could catch most people in a big way. Regardless of the challenging position you are in, consider following the scheduled repayment plan and do not miss or delay any payment. The penalties for waiting or missing a charge would be relatively harsh. It would make it somewhat challenging to seek any future assistance if the need arises. If possible, consider pursuing one payment ahead of schedule. It could cater to you with adequate time you require desperately. However, it would help if you did not rely on that loan amount.

These companies do not have any obligation to accept your application. In case they have some, consider going through the loan agreement prudently. It would help you understand the interest rate, repayment schedule, and penalties.

Benefits Of Instant Payday Loans

If you were in huge financial trouble, instant payday loans would be your best bet to help you get out of financial difficulty. However, these loans could have a higher interest rate due to the availability of loans despite poor credit scores. Nonetheless, with the timely payment of these loans, you would be able to enjoy the benefits offered by instant payday loans.

Protecting Your Business: Importance of  Flower Shop Insurance

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When you own a flower shop, you need to protect your inventory, employees, and your business from unforeseen risks. Having insurance can help you do just that. In the event of a claim, having a solid policy can help you get back on your feet more quickly.  If you operate a flower shop, keep reading to discover what you need to know about Flower Shop Insurance

Coverage Types

One type of coverage to consider is General Liability Insurance which includes coverage for property damage and bodily injury or death for customers or someone else who comes onto the premises because of something that’s happened at the store. This may be needed depending on where the store is located and what type of items are sold there.

Another type of coverage to consider is Contractual Liability Insurance which covers contractual liability incurred by errors or omissions in fulfilling certain contracts with third parties, such as vendors and clients. This type of insurance is often necessary if you have an agreement with another company because they will be liable for damages caused by their actions or failures to act even if they’re not at fault.

Why is Flower Shop Insurance Important?

A flower shop owners should take the time to evaluate their insurance needs and make sure they have what they need. For example, an owner may choose to purchase Flower Shop Insurance because it’s a necessary business expense in case of a claim. When you own a flower shop, there’s always the risk of inventory loss or damage that could lead to expensive lawsuits or liabilities.

If you operate a flower shop, it’s important to find out if your current policy includes coverage for your inventory. If not, you may want to consider purchasing additional coverage through your policy or another type of insurance. Make sure that all equipment is also covered by your policy and don’t forget about employee coverage as well!

What Does Flower Shop Insurance Cover?

A flower shop insurance policy can help you on a number of fronts, including protecting your inventory and equipment. For example, if an employee accidentally breaks a $2,000 vase while arranging flowers, you would have the funds to replace it without stressing out about the money. Your insurance policy will cover the broken vase and pay for your employee’s wages while they can’t work as a result of their injury.

Flower shop insurance also protects your business against risk in the event of a claim. Let’s say one day you come in to work and find that someone has broken into your store and smashed all of your merchandise and equipment.

Your insurance will help you get back on your feet quickly by covering any damages done to your property, like replacing the broken glass or fixing the painted wall. Insurance also helps protect your employees, too. If one of them is injured at work or becomes ill because of it, then their medical costs could be covered by an employer liability policy from an insurance company.

Why Hire An Accountant For Your Company?

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If you have ever contacted tax regulations, you may have realized how bureaucratic the whole process can be.

And this is not just your impression: On average, people spend two thousand hours on tax bureaucracy every year.

One way to speed up this process is to enlist expert help. Accountants are the most suitable professionals to deal with such regulations, ensuring that your company’s accounting part is in order.

We discuss some other advantages of having an accountant in the topics below. Check out!

Compliance With Legislation

The accountant such as Susan S. Lewis for instance is the most suitable professional to ensure that your company complies with tax laws, avoiding problems with surveillance institutions. Your action is essential to ensure that your company is within the correct tax regime and making all payments within the stipulated deadlines. Companies that want to avoid tax problems cannot do without an accountant.

Dedicate Yourself Fully To The Business

As you can see, two thousand hours a year, dedicated only to bureaucratic work, is a high number. Imagine the benefits of spending all that time on strategic decisions in other areas of your company.

With specialized accountants, you won’t have to worry about these bureaucratic issues, knowing that professionals care about this aspect for you.

Expert Guidance

In addition, as we mentioned earlier, the accountant is not just a professional who performs tasks. It can be a very strategic piece in your organization, pointing out trends and assisting in project decision-making. Your action can be useful, for example, when deciding the budget for a particular project, cutting unnecessary expenses, among many other essential variables.

Company Management

Therefore, it is easy to see the value that an accountant or a team of accounting advisors can bring to the management of your company. Observing your business development variables from a financial point of view is essential for the healthy growth of your enterprise. You don’t want, after all, to spend more than you can and get into debt, do you? Sound financial management is the main tool for the long-term survival of your business.

Company Valuation

Having a professional dedicated to optimizing accountability processes and dealing with tax legislation will make your company more productive and profitable. In addition, the accountant is also responsible for monitoring tax legislation, pointing out trends, and allowing your company to prepare in advance for changes. An incredible competitive advantage, isn’t it?

Habits That Encourage Conscious Consumption Of Electricity

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Even though the transformation industries and the agricultural sector are largely responsible for electricity consumption in the world, civil society has a very important role when it comes to conscious consumption of energy. It’s that old story: if everyone does their part, the whole benefits enormously.

Thinking about this whole context, we decided to list some very simple and easy-to-adopt habits that encourage conscious consumption of electricity in today’s post and also consider a power company for management such as e360 Power, LLC. Ready to put our tips into practice and set an example for your kids? Then follow along:

Replace Incandescent Light Bulbs With LED

It’s a fact: incandescent light bulbs use only 10% of all the energy they consume to generate light. The other 90% is lost as heat. This type of lamp tends to get hot when lit for long periods. On the other hand, LED lamps to have extremely high efficiency, using practically all the energy they consume to generate light. As a result, they drastically reduce energy consumption and last much longer. Despite having a high cost, the purchase of LED lamps pays for itself quickly, given the great energy savings they provide. The results can be seen on the electric bill in the first month!

Unplug Appliances In Standby

You know that harmless habit of leaving your cell phone charger constantly plugged into the socket, even when it’s not being used? Because this seemingly harmless addiction can account for more than 10% of your total electric bill! So, only connect them when you are going to recharge the devices. In the same way, electronics that have the standby mode, with that bit of red light on constantly, spend a considerable amount of energy per month. The ideal is to unplug them from the socket when they are not used for a long time.

Use Air Conditioning Wisely

We live in a tropical world, with high temperatures practically all year round in most regions, right? And with the aggravation of global warming, which increased the average temperature across the planet, the air conditioning went from the category of luxury item to an almost essential item in many homes. However, as it is a device that consumes a lot of energy, it is necessary to use it consciously.

Set the thermostat to a pleasant temperature (around 24 degrees), keep the filters clean, and close doors and windows. These attitudes do not overload the device, making it spend less energy to cool the air. Also, always install the air conditioning in the upper part of the rooms. That’s because, as cold air is denser than warm air, it tends to descend. Thus, by being at the top, the cooling of the environment becomes more accessible and faster.

Transitioning to ASC 842 – a shortened guide for businesses

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In the near future, ASC 842 compliance will be mandatory. As they work to achieve compliance, private firms and not-for-profit organizations must prepare for a complex transition process.

The FASB’s new standard creates a number of new accounting problems for non-public businesses. This article is intended to assist private firms in navigating the transition and gaining financial knowledge on their journey to compliance.

How to know if your organization is ready for ASC 842?

You’ll face unforeseen issues as you adapt your company to ASC 842, extending the transition period. You’ll be able to tackle these difficulties more successfully if you prepare ahead of time.

Your preparation should begin with general data management and recording every lease on your portfolio.

Make sure you do have detailed sub-lists of leased equipment for master lease agreements and the capitalization threshold assessment for scoping out leases that are of lower value. Utilizing dedicated software solutions are of great help. Otherwise, hiring a 3rd party consultant might also be beneficial.

Successful transition – managing it is challenging in many ways

Once your business sets it goals on complying with the new ASC 842 standard, the transition needs to be managed. People, processes and tools are integral parts of managing lease accounting and hence, it is imperative to oversee how the transition is going for them, in order to make it easier and/or generate results faster.

Appoint an individual or a team to manage the transition

It’s quickest if you can find someone in-house, but there are also externally available human resources that you can utilize for your needs. Since a lot of things are changing, there needs to be coordination amidst the changes related to people, processes and tools.

If everyone just goes about in how they see fit, it will be chaotic. Some one individual or a team of them should coordinate and plan both long-term and on a day-to-day basis. They can use dedicated ASC 842 finance lease software to create tasks, assign them, change their status, etc.

Re-evaluate your software choice

Since it handles most of (if not all) data, related to your lease portfolio, lease accounting software is at the core of the transition. If you have your software choice ready before the transition de facto starts, you can already have your staff ready and trained to utilize it in full capacity from day one. It’s high time to adapt dedicated solutions if you still rely on Excel and simple calculators.

Beyond compliance, software can help you:

  • Make better calculated long-term decisions
  • Handle auditing material faster and with greater ease
  • Simplify communication between different departments in your organization
  • Not miss deadlines and automate renewals

To sum up

Private firms can have their hands full with the transition to ASC 842 leases in trying to be US GAAP compliant and meet other compliance requirements. This guide focused on the core principles of ASC 842 lease accounting and what main challenges may arise as well as dealing with them. A lot of it can be done with proper ASC 842 software. SOFT4Lessee is a solution that’s capable of handling your business’ needs for the transition and after it.

There are now a record 5 million more job openings than unemployed people in the U.S.

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There are now a record 5 million more job openings than unemployed people in the U.S.
  • Quits increased to 4.35 million as the Great Resignation persisted.
  • Job openings edged lower to about 11.3 million in February, about 5 million more than the level of unemployed workers.

An increasing number of Americans quit their jobs in February, while the gap between available positions and the unemployed grew even wider, the Bureau of Labor Statistics reported Tuesday.

The Job Openings and Labor Turnover Survey showed that 4.35 million workers left in February, an increase of 94,000 from the previous month. It’s also a slightly higher level as a percentage of the workforce, up to 2.9% from 2.8%.

At the same time, there were 11.27 million openings in the month, down just slightly from January. However, with the total level of those counted as unemployed contracting further to 6.27 million, that left a record 5 million more openings than available workers. There were 1.8 jobs for every person unemployed.

Education and health services had the highest level of job openings for the month, at 2.23 million, followed by professional and business services with 2.1 million, and trade, transportation and utilities with 1.86 million.

The quits level was off its November 2021 high of 4.51 million, which amounted to 3% of the overall workforce. The highest level came in trade, transportation and utilities, at 1.06 million. Leisure and hospitality, a critical proxy for the pandemic-era economic recovery, saw its quits rate unchanged at 5.6%.

The elevated level of quits is part of what some term the “Great Resignation,” in which workers have been able to leave their current positions for better opportunities.

Hires increased by 263,000 in February, nudging the rate up to 4.4%, while layoffs and discharges edged lower to 1.39 million. Separations overall were slightly higher, rising to just under 6.1 million.

Federal Reserve officials watch the JOLTS report closely for signs of labor market slack. The extremely tight jobs picture has helped drive inflation higher, which in turn has pushed the Fed to start raising interest rates.

An important snapshot of the labor market comes Friday, when the BLS releases its nonfarm payrolls count for March. Economists surveyed by Dow Jones are expecting growth of 490,000 and an increase in average hourly earnings of 0.4% for the month and 5.5% on a 12-month basis.

US opens second COVID boosters to 50 and up, others at risk

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US opens second COVID boosters to 50 and up, others at risk

Americans 50 and older can get a second COVID-19 booster if it’s been at least four months since their last vaccination, a chance at extra protection for the most vulnerable in case the coronavirus rebounds.

The Food and Drug Administration on Tuesday authorized an extra dose of the Pfizer or Moderna vaccine for that age group and for certain younger people with severely weakened immune systems.

The Centers for Disease Control and Prevention later recommended the extra shot as an option but stopped short of urging that those eligible rush out and get it right away. That decision expands the additional booster to millions more Americans.

Dr. Rochelle Walensky, CDC’s director, said it was especially important for older Americans — those 65 and older — and the 50-somethings with chronic illnesses such as heart disease or diabetes to consider another shot.

“They are the most likely to benefit from receiving an additional booster dose at this time,” Walensky said.

There’s evidence protection can wane particularly in higher-risk groups, and for them another booster “will help save lives,” FDA vaccine chief Dr. Peter Marks said.

For all the attention on who should get a fourth dose of the Pfizer and Moderna vaccines, only about half of Americans eligible for a third shot have gotten one — and the government urged them to get up to date. Two shots plus a booster still offer strong protection against severe illness and death, even during the winter surge of the super-contagious omicron variant.

The move toward additional boosters comes at a time of great uncertainty, with limited evidence to tell how much benefit an extra dose right now could offer. COVID-19 cases have dropped to low levels in the U.S., but all vaccines are less powerful against newer mutants than earlier versions of the virus — and health officials are warily watching an omicron sibling that’s causing worrisome jumps in infections in other countries.

Pfizer had asked the FDA to clear a fourth shot for people 65 and older, while Moderna requested another dose for all adults “to provide flexibility” for the government to decide who really needs one.

FDA’s Marks said regulators set the age at 50 because that’s when chronic conditions that increase the risks from COVID-19 become more common.

Until now, the FDA had allowed a fourth vaccine dose only for the immune-compromised as young as 12. Vaccines have a harder time revving up severely weak immune systems, and Marks said their protection also tends to wane sooner. Tuesday’s decision allows them another booster, too — a fifth dose. Only the Pfizer vaccine can be used in those as young as 12; Moderna’s is for adults.

What about people who got Johnson & Johnson’s single-dose shot? They already were eligible for one booster of any kind. Of the 1.3 million who got a second J&J shot, the CDC said now they may choose a third dose — either Moderna or Pfizer. For the more than 4 million who got Moderna or Pfizer as their second shot, the CDC says an additional booster is only necessary if they meet the newest criteria — a severely weakened immune system or are 50 or older.

That’s because a CDC study that tracked which boosters J&J recipients initially chose concluded a Moderna or Pfizer second shot was superior to a second J&J dose.

If the new recommendations sound confusing, outside experts say it makes sense to consider extra protection for the most vulnerable.

“There might be a reason to top off the tanks a little bit” for older people and those with other health conditions, said University of Pennsylvania immunologist E. John Wherry, who wasn’t involved in the government’s decision.

But while he encourages older friends and relatives to follow the advice, the 50-year-old Wherry — who is healthy, vaccinated and boosted — doesn’t plan on getting a fourth shot right away. With protection against severe illness still strong, “I’m going to wait until it seems like there’s a need.”

While protection against milder infections naturally wanes over time, the immune system builds multiple layers of defense and the type that prevents severe illness and death is holding up.

During the U.S. omicron wave, two doses were nearly 80% effective against needing a ventilator or death — and a booster pushed that protection to 94%, the CDC recently reported. Vaccine effectiveness was lowest — 74% — in immune-compromised people, the vast majority of whom hadn’t gotten a third dose.

To evaluate an extra booster, U.S. officials looked to Israel, which opened a fourth dose to people 60 and older during the omicron surge. The FDA said no new safety concerns emerged in a review of 700,000 fourth doses administered.

Preliminary data posted online last week suggested some benefit: Israeli researchers counted 92 deaths among more than 328,000 people who got the extra shot, compared to 232 deaths among 234,000 people who skipped the fourth dose.

What’s far from clear is how long any extra benefit from another booster would last, and thus when to get it.

“The ‘when’ is a really difficult part. Ideally we would time booster doses right before surges but we don’t always know when that’s going to be,” said Dr. William Moss, a vaccine expert at the Johns Hopkins Bloomberg School of Public Health.

Plus, a longer interval between shots helps the immune system mount a stronger, more cross-reactive defense.

“If you get a booster too close together, it’s not doing any harm — you’re just not going to get much benefit from it,” said Wherry.

The newest booster expansion may not be the last: Next week, the government will hold a public meeting to debate if everyone eventually needs a fourth dose, possibly in the fall, of the original vaccine or an updated shot.

Even if higher-risk Americans get boosted now, Marks said they may need yet another dose in the fall if regulators decide to tweak the vaccine.

For that effort, studies in people — of omicron-targeted shots alone or in combination with the original vaccine — are underway. The National Institutes of Health recently tested monkeys and found “no significant advantage” to using a booster that targets just omicron.

Dairy Queen launches Stackburger line as chain sees record sales in 2021

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Dairy Queen launches Stackburger line as chain sees record sales in 2021
  • Dairy Queen is expanding its burger offerings as the fast-food chain looks beyond Blizzards and other desserts.
  • The new Stackburger line is Dairy Queen’s biggest menu expansion in two decades, with five burger varieties for U.S. customers.
  • Warren Buffett’s holding company Berkshire Hathaway has owned Dairy Queen for 25 years.

Dairy Queen is expanding its burger offerings as the fast-food chain looks beyond Blizzards and other desserts.

The new Stackburger line is Dairy Queen’s biggest menu expansion in two decades, with five burger flavors for U.S. customers: Flamethrower, Loaded A1, Bacon Two Cheese Deluxe, Two Cheese Deluxe and the Original Cheeseburger. They’re available as one-third pound double burgers or one-half pound triple burgers — hence the Stackburger name.

The burgers will be a permanent addition to menus at the company’s DQ Grill & Chill locations, which account for 72% of Dairy Queen’s more than 3,300 U.S. restaurants. The Stackburger line is also launching in Canada.

Dairy Queen is far from the only restaurant chain to widen its offerings to attract more customers. Panera Bread has been pushing for more dinner orders by adding items such as flatbread pizza to its menu, while Dine Brands’ IHOP made waves several years ago by briefly changing its name to IHOB to promote its burgers.

Warren Buffett’s holding company Berkshire Hathaway has owned Dairy Queen for 25 years. With a net income of $84.3 million in 2021, the fast-food chain is a relatively small component of Buffett’s empire, which reported net income attributable to shareholders of $89.8 billion for last year. Last year, Dairy Queen’s annual revenue rose 18% to $224.7 million, according to franchise disclosure documents.

The official launch on Tuesday is a long time coming. International Dairy Queen CEO Troy Bader said in an interview that the chain started looking at its menu critically nearly five years ago, around the time that he took the reins of the company. The company knew that it couldn’t “be everything to everyone,” so it tried to figure out what its customers wanted, according to Bader.

Dairy Queen landed on two foods: chicken strips and burgers. The chain revamped its chicken strip offerings first before it tackled burgers.

“I would say it’s one of the first true menu strategies that we’ve had within the Dairy Queen system in a very, very long time,” Bader said.

In markets such as the the Southeast, its food offerings already accounted for the majority of sales, topping its sweet treats offerings. And customers who bought their lunch or dinner there tended to still buy a Blizzard or ice cream cone, too.

Improving its burgers took several years, kicking off in earnest in 2019. Dairy Queen created a new bun that was airy yet sturdy enough to handle the weight of three burger patties. It swapped out its cheese options for white cheddar and a sharper American cheese.

We were proud of our burgers, but we knew that we could do better with them,” Bader said.

Then the chain put the Stackburgers to the test. For almost 10 months, Dairy Queen tested the new menu items in Birmingham, Alabama; Sioux Falls, South Dakota; and South Bend, Indiana. Restaurants in the Canadian provinces of Ontario and Alberta were also included in the test. In total, nearly 100 locations were involved, making it the largest test for the chain in more than two decades.

The pandemic also caused some delays. A nationwide labor crunch exacerbated supply chain issues, so Dairy Queen opted to postpone the launch, which was originally slated for late fall in 2021. Bader said the chain wanted to make sure its vendors had enough employees to ensure that franchisees weren’t left in a lurch.

But the chain wasn’t concerned about customers staying home. Bader said Dairy Queen sales fell significantly for six weeks in the spring of 2020, as the pandemic led to lockdowns and fear about even visiting drive-thru lanes. After that month and a half, however, its business rebounded quickly.

“From period forward, we’ve had nothing but record sales,” he said.

In the two-year period from 2020 through 2021, the chain’s U.S. same-store sales climbed 17% compared with 2019 levels.

Bader is confident that the burgers will further fuel sales. Dairy Queen soft-launched the Stackburgers on Feb. 7 and has so far seen double-digit increases in units sold, without any advertising.

While fast-food competitors such as McDonald’s are testing or adding plant-based burgers, Dairy Queen is sitting out for now.

“There’s so much new news with our Stackburgers and with the labor situation with our franchisees, we didn’t want to introduce too many new items for them,” Bader said. “When we think about plant-based proteins it’s something that we’re continuing to monitor, to watch and see what role it can play within the Dairy Queen system.”

Berkshire Hathaway is preparing to hold an in-person annual shareholders meeting on April 30, its first since the pandemic began. Bader said Dairy Queen will forego Blizzards and instead highlight pre-packaged items, such as its nondairy Dilly bars, for investors’ safety and comfort.

Russia’s invasion has made energy security a hot topic. The U.S. thinks hydrogen could be the answer

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Russia’s invasion has made energy security a hot topic. The U.S. thinks hydrogen could be the answer
  • Over the past few weeks a number of major economies have laid out plans to reduce their reliance on Russian hydrocarbons.
  • The challenges and opportunities facing the energy sector were addressed on Monday during a panel discussion at the Atlantic Council’s Global Energy Forum in Dubai, United Arab Emirates.
  • During the panel, the CEO of Italian oil and gas firm Eni sought to highlight the current tensions facing his sector.

Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine.

Russia is a major supplier of oil and gas, and over the past few weeks a number of major economies have laid out plans to reduce their reliance on its hydrocarbons.

On Friday, the U.S. and the European Commission issued a statement on energy security in which they announced the creation of a joint task force on the subject.

The parties said the U.S. would “strive to ensure” at least 15 billion cubic meters of extra liquefied natural gas volumes for the EU this year. They added this would be expected to increase in the future.

Commenting on the agreement, President Joe Biden said the U.S. and EU would also “work together to take concrete measures to reduce dependence on natural gas — period — and to maximize … the availability and use of renewable energy.”

All of the above speaks to the huge task facing governments around the world who say they want to reduce their reliance on fossil fuels, prevent the worst effects of climate change and simultaneously safeguard energy security.

The challenges and opportunities facing the energy sector were addressed on Monday during a panel discussion at the Atlantic Council’s Global Energy Forum in Dubai, United Arab Emirates.

During the panel, which was moderated by CNBC’s Hadley Gamble, the CEO of Italian oil and gas firm Eni sought to highlight the current tensions facing his sector.

Claudio Descalzi said, historically, a wide variety of resources had been harnessed. “We know very well that in the last 200 years, all the different energy vectors [have] … been added,” he said. “So coal, plus oil, plus gas and plus renewables.”

“We never found a source, or energy source, that replaced everything. It’s crazy to think that there is something that can replace everything.”

Others speaking on Monday included Anna Shpitsberg, deputy assistant secretary for energy transformation at the U.S. Department of State.

Shpitsberg said that while the U.S.-EU task force would focus on areas like securing LNG supply, it would also look to provide “some certainty to U.S. producers that will be amping up and surging supply into Europe over the long term and up to 2030.” Permitting and infrastructure would also be areas of focus, she explained.

It was also important not to compromise the energy transition, she acknowledged, before going on to reference the argument put forward by Eni’s Descalzi.

“To the comments that were made that we cannot rely on one technology, just like we cannot rely too heavily on one supply route, it is the reason that we’re putting so much money into hydrogen.”

Shpitsberg called hydrogen “a game-changing technology that speaks to a variety of other sources … because it can underpin nuclear, it can underpin gas, it can underpin renewables, it can clean a good portion of it and so can CCUS [carbon capture utilization and storage].”

“So for us, it’s making sure that the market has enough signals, it knows the regulatory environment will support the signals for current energy security,” she said.

“But we are sending, also, all the resources we can toward the transition. It’s why we’re putting billions of dollars into hydrogen R&D.”

Versatile energy carrier’

Described by the International Energy Agency as a “versatile energy carrier,” hydrogen has a diverse range of applications and can be deployed in sectors such as industry and transport.

It can be produced in a number of ways. One method includes using electrolysis, with an electric current splitting water into oxygen and hydrogen.

If the electricity used in this process comes from a renewable source such as wind or solar then some call it green or renewable hydrogen.

While there is excitement in some quarters about hydrogen’s potential, the vast majority of its generation is currently based on fossil fuels.

Others speaking on Monday included Majid Jafar, CEO of Crescent Petroleum.

Again, Jafar made the case for gas’ importance in the years ahead, calling it “a fundamental enabler of renewables” because it backed up their intermittent supply. It was also, he claimed, “the path to future technologies like hydrogen.”

Monday’s panel bookends a month in which the International Energy Agency reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history. The IEA found energy-related global CO2 emissions increased by 6% in 2021 to reach a record high of 36.3 billion metric tons.

In its analysis, the world’s leading energy authority pinpointed coal use as being the main driver behind the growth. It said coal was responsible for more than 40% of overall growth in worldwide CO2 emissions last year, hitting a record of 15.3 billion metric tons.

“CO2 emissions from natural gas rebounded well above their 2019 levels to 7.5 billion tonnes,” the IEA said, adding that CO2 emissions from oil came in at 10.7 billion metric tons.

Why Chiliz Was a Hot Cryptocurrency on Sunday

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Why Chiliz Was a Hot Cryptocurrency on Sunday

Investors are really warming up to tokens related to sports and entertainment.

What happened

One of the lesser-known cryptocurrencies, Chiliz ( CHZ 3.79% ), was having a splendid Sunday. Excitement is clearly growing for Chiliz 2.0, the major upgrade of the blockchain on which the coin sits. Compounding that, investor interest in tokens linked to entertainment properties is growing overall.

These developments helped push Chiliz up by nearly 12% in the past 24 hours as of late Sunday afternoon trading.

So what

What’s also helping Chiliz attract the bulls is that it’s unique. The coin is the native currency of the blockchain powering Socios.com, a platform that allows people to buy “fan tokens” of their favorite sports teams and even leagues with the Chiliz currency.

Socios/Chiliz’s development team is based in Europe, so the system’s current offerings tend to slant toward that continent’s tastes. This chiefly means soccer, and Chiliz offers tokens from some of the top names in the sport, such as London’s Arsenal, FC Barcelona, and Inter Milan from Italy. And in a nod to the modern digital age, investors can also plonk down some Chiliz to buy the tokens of standout esports teams.

Chiliz has attracted attention lately for a significant upgrade to its blockchain, tentatively titled — you guessed it — Chiliz Chain 2.0. Among other things, the developers are promising that the enhanced chain will allow for the trading of NFTs and other digital assets through the system, plus carry “gas” (i.e., transaction) fees that are at least 500 times cheaper than those of smart contract king Ethereum.

Now what

The sudden and sharp rise of newcomer ApeCoin, a token tied to the super-hot NFT marketplace Bored Ape Yacht Club is also a big impetus behind the rise of Chiliz. Trends are powerful in the cryptocurrency world; investors are eager to put money in crypto assets related to entertainment (and, by extension, sports).

As it’s in the news and quite unique, Chiliz has become a prime target for those investors.

Should you invest $1,000 in Chiliz right now?

Before you consider Chiliz, you’ll want to hear this.

Our award-winning analyst team just revealed what they believe are the 10 best stocks for investors to buy right now… and Chiliz wasn’t one of them.

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The Increasing Role of Predictive Maintenance Technologies

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Predictive maintenance is a growing field with options for connectivity and data collection that can thrust any manufacturer into the future of factory technology....