South America: Mr. Trump, we haven’t devaluated our currency on purpose

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Last week, President Trump tweeted that he would restore tariffs on all steel and aluminum that Brazil and Argentina export to the United States. He would do that because, according to his tweet, the two South American countries “have been presiding over a massive devaluation of their currencies”, which is “not good” for American farmers.He is right. The devaluation of the Brazilian real and the Argentine peso really is a bummer for American farmers. It makes producers in those countries happy with the price received for the products they ship, and that spurs farmer selling. At the same time, prices in U.S. dollars paid by importers don’t necessarily climb – sometimes they even fall, making South American exports more competitive when compared to products shipped by the United States.A metric ton of Brazilian soybeans priced at $350 FOB Santos, for example, equals to BRL1,050 when the Brazilian real is at BRL3 to the dollar. The same $350 becomes BRL1,400 when a swing to BRL4 occurs. Even with an unchanged price in U.S. dollars, Brazil receives 33 percent more for its soybeans just because of currency devaluation.Since the beginning of 2019, the Brazilian real lost 7 percent of its value against the U.S. dollar. In late November, it hit a fresh new low at BRL4.27 per dollar. In Argentina, the devaluation reached 62 percent in the same period and now the peso is around ARG58 to the dollar. And why did that happen? Have Brazil and Argentina’s governments devaluated their currencies on purpose, as President Trump suggested with his tweet?In this particular case, Mr. Trump is wrong. Neither Brazil nor Argentina has done anything to artificially weaken their currencies. We are not that competent. But thank you anyway for overestimating us, sir.In Argentina, a serious economic crisis and a political swing that resulted in the election of center-leftist Alberto Fernandez to the presidency of the country, after four years of conservative incumbent Mauricio Macri, are the main reasons behind the massive devaluation seen in 2019, since foreign investors believe that Fernandez will not be able (or will not be willing) to conduct any kind of market-friendly reforms to the economy.The currency devaluation has helped Argentina’s agricultural exports, which are also buoyed by fears that the new president (whose vice-president is former president Cristina de Kirchner, farmers’ worst nightmare) will raise export taxes for soybeans, corn and wheat as soon as he takes office this Tuesday, Dec 10. But, despite giving a hand to Argentina’s exports, a very weak currency is not exactly a good thing to an economy which has been in such a fragile position. So, no, Argentina has not intentionally devaluated its peso.And what about Brazil? After the election in late 2018 of President Jair Bolsonaro, recently described by The Wall Street Journal as a “rainmaker” for the economy, odds were that the Brazilian real would get stronger. This year, however, a series of factors that include lower interest rates (to stimulate business and create jobs), an overall strength of the U.S. dollar against other currencies such as the euro, the effects of the trade war between the United States and China, the economic crisis in Argentina and political unrest in some other South American countries, contributed to the devaluation of the Brazilian real.The weaker real has helped Brazilian agricultural exports. But the country’s exports are in good shape this year mainly because of the trade war (which makes China buy more Brazilian soybeans) and the fear that the United States would have a crop failure after a way too rainy planting season – which made traditional importers such as Japan, Korea and Vietnam buy Brazilian corn.Brazil is not likely to retaliate the United States if President Trump really goes ahead with the threat of raising tariffs on steel and aluminum exported by Brazil. That would be a setback for the sector, since the United States is the main destination of Brazilian steel. But targeting the metal sector would not have any effect on Brazilian agricultural exports and would not have any compensatory effects for the American farmer. What farmers in the United States, Brazil and Argentina need is a healthy trade environment that allows them to export their products as fair competitors and, above all, as allies in the mission of feeding the world.last_img read more

Netvibes Goes From Web 2.0 To Enterprise 2.0 In Partnership With Sage Software

first_imgMassive Non-Desk Workforce is an Opportunity fo… Related Posts Tags:#enterprise#news Cognitive Automation is the Immediate Future of… alex williamscenter_img 3 Areas of Your Business that Need Tech Now IT + Project Management: A Love Affair In the Web 2.0 heyday, Netvibes had that star appeal that few companies ever experience. Their platform for creating personal dashboards rocketed in growth. Web innovators sang its praises. But you know the story. Netvibes struggled to find a business model.Now, we’re on the cusp of the Enterprise 2.0 movement and Netvibes has suddenly come back as a contender for providing dashboard environments to better manage enterprise software.Today, Netvibes is announcing a “sales, marketing and technology,” partnership with Sage Software, an enterprise software company with 5.8 million customers worldwide and more than 14,500 people worldwide.Sage will integrate the Netvibes dashboard technology into Sage software products and business processes. The idea is that enterprise software has become increasingly complex for users. Netvibes technology will help manage Sage software by providing customers with an environment that is more user friendly. Sage is hoping the partnership will bridge enterprise software with the Web 2.0 features of the Netvibes technology.Sage reaches mid-market companies. These are larger enterprises that may do $60 million in revenues. They are adopting increasingly complex software. For instance, spftware for Enterprise Resource Planning software (ERP) and Business Process Management (BPM) are more popular in light of enterprise efforts to bring more efficiencies in these times of economic difficulty. But often, the tools require a degree of administration beyond the capabilities of the average business user.Sage will integrate Netvibes into the launch of its ERP X3 software, coming in the first quarter of 2010.For all the skeptics of social technologies, is this at all proof of the benefits that social software provides? Sage is adopting the Netvibes platform to make it simpler for customers to use its ERP software.Netvibes grew from the roots of the social software movement. Its technology represents what social software can help people accomplish: give the user more options to be productive and creative in their work.last_img read more

10 Ways to Say ‘Thank You’ to a Family Caregiver

first_imgWhat are other ways to say “thank you” to a family caregiver? Let us know in the comments! This MFLN-Military Caregiving concentration blog post was published on November 4, 2016. November is Family Caregiver Appreciation month. In appreciation of all family caregivers we would like to share with you 10 ways you can show your appreciation.center_img 1. Ask if there is something specific you can do for the caregiver. Often when we ask a caregiver, “What can I do to help you?,” there are so many things that come to mind. If you make a request to help with a specific task, the caregiver may be more likely to accept your help, without adding additional stress. Examples of specific tasks that you can ask caregivers to help them with might include: picking up dry cleaning, getting the car washed, clean house or fixing a meal.2. Raise awareness within your community.Unless you personally know a family caregiver; caregiving in general may not always cross your mind. You can raise awareness about family caregivers within your community by working with your city council or county commissioners to get them to issue a local proclamation to honor and recognizing caregivers in the community, similar to the national Presidential Proclamation.3. Shorten the caregiver ‘to-do’ list.Family caregivers can get bogged down trying to keep up with everything around the house while also caring for their loved one. Take something off of their ‘to-do’ list. Mow the lawn, shovel snow, or go to the grocery store. If you are not near enough to do this yourself, hire a service to help out on a regular basis.4. Offer compassion by spending quality one-on-one time with the caregiver.Many family caregivers can become isolated from friends and family while caring for their loved one. Be available to the caregiver and make sure they understand that you are there as a support system. Talk to them, let them vent their frustrations, worries and fears, while offering compassion and understanding.5. Send a little ‘Thank You.’Send the caregiver a little token of your appreciation. For example, you could show you care by sending a hand-written thank you note, flowers, a gift certificate to their favorite coffee shop or spa. The item of gratitude doesn’t have to be big to be meaningful.6. Bring the ‘get away’ to the caregiver.Sometimes caregivers need to get away for their own health, but may not feel comfortable leaving their loved ones. Bring the “get away” to them. Pick up a meal from the caregiver’s favorite restaurant. Rent a new movie they would like to watch and bring snacks for a movie night.7. Offer to take the caregiver’s children to different events.For many caregivers, they are not only responsible for their loved one, but other members of their family, such as children or aging parents. Offer to take their children to soccer practice, birthday parties or school events. If they are caring for aging family members, offer to take their loved one to doctor appointments.8. Prepare freezer meals for the caregiver. Make dinner an easier task for the family caregiver by preparing freezer meals with instructions on how to reheat. Be sure to talk to the family caregiver before putting these meals together to ensure that the meals are meeting dietary restrictions and are something that they will actually eat. Consider making the freezer meals small enough to fit in their freezer and appropriate serving sizes for their family.9. Offer to stay with the care-recipient.Although there are respite services available to family caregivers, often times caregivers are weary to have someone they are not familiar with care for their loved one. Offer to stay with the care-recipient so that the caregiver can have a night off or a weekend away.10. Stay in touch.The simplest way to say thank you to a family caregiver is to actually say “thank you” and to stay in touch with them. Check in regularly and see how things are going.last_img read more

The best GIFs from the OSU-Iowa State game

first_imgAlso, that Seales catch on the sidelines! Bonus points for Paul Rhoads losing his mind.Josh Furman is not actually that fast (but he’s still pretty fast).Oh yeah………And if you’re interested I started a GIF page with this season’s best ones and some really random ones from the past.If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers! The Iowa State game was bereft of big-time plays (other than that one) but here are the best GIFs from Saturday…I thought the Seales TD was wildly underrated. Daxx threw a seed and 81 made a terrific play. Here’s a look:last_img read more

Fighting a war with a water gun Manitoba facing major crystal meth

first_imgWINNIPEG – Dane Bourget never thought his life would spiral into addiction.But when his roommate brought methamphetamine into their home, it started a decade-long journey in and out of treatment centres throughout Manitoba.“I tried it one time and then, before you know it, it’s been years,” said the 36-year-old. “I often say I tried meth once for 12 years.”Bourget has been sober since 2014 and now volunteers with a self-help group for people who have struggled with methamphetamine. He has seen how the drug that brought chaos into his own life is taking over the streets of Winnipeg and destroying families.While other regions of Canada are coping with an opioid epidemic, crystal meth has become the drug of choice in Manitoba.The Addictions Foundation of Manitoba says meth use increased by more than 100 per cent in adults and nearly 50 per cent in youth since 2014.The province’s chief medical examiner says meth was involved in 35 overdose deaths in 2017, up from 19 the year before. In contrast, fentanyl was involved in 14 fatal overdoses and carfentanil, a synthetic opiate about 100 times more powerful, was involved in 32.“We are seeing an unprecedented amount of methamphetamine that has come into our city,” said Insp. Max Waddell with Winnipeg’s organized crime unit.The drug is appealing because it’s cheap, available, easy to make and it gets people high for significantly longer — it can last 14 hours while crack cocaine lasts only about 45 minutes.The effects of the drug can be devastating for everyone who encounters it, including police.A Winnipeg police officer was sitting in his patrol car recently when a man suspected to be high on meth threw a propane tank through the rear window of the cruiser. The same day, another man who police suspect was high on meth had to be shot with a Taser after he allegedly assaulted someone with a screwdriver and threw a shovel at a police officer.Another man suspected of coming down off a meth high taped machetes to his hands before calling 911. When officers arrived, he advanced on them yelling that he wanted to be shot. He was taken into custody unharmed.“Methamphetamine makes people very unpredictable and when people are unpredictable that means they are not in control of themselves,” Waddell said. “They become in a state of … psychosis where they are seeing and hearing things that are not real.”Possession charges for meth increased by 890 per cent since 2012, police numbers show.In 2017, more than 12,000 grams of meth was seized by police. In January 2018 alone, more than 5,800 grams was taken off the streets.Police are also seeing a significant increase in other crimes associated with methamphetamine — property crime, drug crime and violent crime all increased in 2017.Police have a strategy that includes enforcement, intervention and education, but Waddell said authorities can’t deal with the situation alone.At Morberg House, a 10-bed transitional housing facility in Winnipeg, nearly every person is struggling with a meth addiction. Founder Marion Willis said her clients are different ages and come from various backgrounds, but they all have an underlying mental-health issue and use meth to cope.Most of the country has acknowledged an opioid crisis, she said. There’s been a federal response and a national fund available so organizations can develop and deliver programs. The same can’t be said for meth.“Its like fighting a war with a water gun,” she said. “It’s very frustrating.”Robert Lidstone was a graduate student dealing with undiagnosed bipolar disorder in 2006 when he first tried methamphetamine.“It had a hold on me,” said the 37-year-old. “Once I became addicted, it was just an incredible battle.”He’s been to treatment a few times and has relapsed, but said it’s vital to support people trying to get clean. For some families affected by meth addiction, the cost of treatment is just too high.“So far the institutional response is not able to catch up,” Lidstone said. “We are falling way behind very quickly because this crisis is moving faster than police and first responders, faster than the health-care system and the addiction and mental-health system.”last_img read more

WHS GIRLS TENNIS Wildcats Near Perfect Against Stoneham

first_imgWILMINGTON, MA — The WHS Girls Varsity Tennis Team defeated Stoneham, 5-0, on Monday, April 29, 2019 at Wilmington High School.Wilmington senior Emily Hill defeated Sophia Perillo, 6-0, 6-0.Wilmington junior Carolyn Roney defeat Stephanie Lee, 6-0, 6-1.Wilmington senior Lia Kourkoutas defeated Bridget Trecy, 6-0, 6-0.Wilmington senior Jessica D’Arco and sophomore Lauren D’Arco defeated Sydney Shephard and Tara Hacke, 6-0, 6-1.Wilmington sophomore Vrdhi Shah and sophomore Johanna Robinson defeated Maryjane McAllister and Brynn Hespeler, 6-4, 7-6 (7-4).Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWHS GIRLS TENNIS: Wildcats Defeat Stoneham & Wakefield On Back-To-Back DaysIn “Sports”WHS GIRLS TENNIS: Wilmington Sweeps MelroseIn “Sports”WHS GIRLS TENNIS: Wildcats Win Third Matchup In Three DaysIn “Sports”last_img read more

Bank official detained for bribery

first_imgNoakhaliMembers of Anti-Corruption Commission on Wednesday caught two people, including an official of Bangladesh Krishi Bank (BKB), red handed while taking bribe from customer in Begumganj upazila of Noakhali, reports UNB.The arrestees are Hafiz Ullah, a BKB official of Kadirpur branch and its night guard Ahsan Ullah.Talebur Rahman, deputy director of Noakhali unit ACC, said a customer wishing anonymity, submitted a written complaint against Hafiz Ullah as he demanded Tk 8,000 as bribe from him for providing Tk 80,000 as loan.On Wednesday, Hafiz Ullah took Tk 8,000 from the customer via Ahsan Ullah.A team of ACC went to the bank and caught Hafiz and Ahsan with the bribe money.last_img read more

Digital Ocean announces Managed Databases for PostgreSQL

first_imgYesterday, the team at Digital Ocean, a fully managed and feature-rich database service provider, announced the ‘Managed Databases for PostgreSQL’ as a Valentine gift for the users. The new Managed Databases along with the PostgreSQL support will allow developers to quickly build a scalable, high-performance database cluster with less hassle. One of the interesting features of this new provision is that one need not know anything about the Linux operating system or specific DevOps maintenance tasks. Managed databases take care of some challenges including: Help to identify the optimal database infrastructure footprint Scale infrastructure while business and data requirements grow Help in designing and managing highly available infrastructure and failover processes Implement a complete and reliable backup and recovery strategy Aid in forecasting and maintaining operational infrastructure costs The team at Digital Ocean writes, “You’ll enjoy simple, predictable pricing that allows you to control your costs. Spin up a database node starting from $15 per month or high availability cluster from $50 per month. Backups are included for free with your service to keep things simple. Ingress bandwidth is always free, and egress fees ($0.01/GB per month) will be waived for 2019.” Benefits of Managed Databases A hassle-free database maintenance Managed databases save a lot of time. All the user has to do is, quickly deploy a database, and the databases handle the rest. Users do not have to worry about security patches to the OS or database engine–once a new version or patch is available, just a simple click can enable it. Highly secure and optimized for performance All data in these newly managed databases is encrypted at rest and in transit. One can use the Cloud Firewall to restrict connections to their respective database. The database runs on enterprise-class VM hardware with local SSD storage, thus, giving the user a lightning-fast performance. Easy scalability With Managed Databases, users can scale up at any time without impacting their application, virtually. One can spin up read-only nodes to scale read operations or remove compute overhead from reporting requirements. Automatic failovers If any issue occurs with the primary node, traffic will automatically get routed to the standby nodes. The team at Digital ocean recommends selecting a high-availability option to minimize the impact in case of a failure. Simple and reliable backup and recovery solution Backups are handled automatically and free of cost. Full backups are taken every day and write-ahead-logs are maintained to allow users to restore to any point-in-time during the retention period. To know more about these new Managed Databases, visit the Digital Ocean website. Read Next Microsoft Cloud services’ DNS outage results in deleting several Microsoft Azure database records Google Cloud Firestore, the serverless, NoSQL document database, is now generally available 2018 is the year of graph databases. Here’s why.last_img read more