Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ Thu, 05 Aug 2021 05:11:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://piazzacarlogiuliani.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ 32 32 Baby born in Shreveport area with COVID-19 https://piazzacarlogiuliani.org/baby-born-in-shreveport-area-with-covid-19/ https://piazzacarlogiuliani.org/baby-born-in-shreveport-area-with-covid-19/#respond Thu, 05 Aug 2021 03:03:30 +0000 https://piazzacarlogiuliani.org/baby-born-in-shreveport-area-with-covid-19/

During the “delta variant” (Indian variant) wave of COVID-19 in Louisiana, the common thread has been illness in those who are not vaccinated. In fact, the director of the Centers for Disease Control and Prevention (CDC), Dr. Rochelle P. Walensky, called it an “unvaccinated pandemic” in July.

It is an “unvaccinated pandemic” as more and more research shows that those who have been vaccinated against COVID-19 see almost 100% protection against severe cases.

A joint report between the Centers for Disease Control and Prevention (CDC) and CNN showed that 99.99% of people who get vaccinated will not be hospitalized if they have a breakthrough COVID case. Less than 0.004% of people vaccinated will be hospitalized for COVID, and 0.001% have a chance of dying from COVID after being vaccinated.

This means that those who are hospitalized or who die are hardly vaccinated at all. This means that these people have had a choice over the past 5 months whether or not they want the near-perfect protections offered by COVID vaccines.

However, according to Dr. Martha Whyte, director of the Louisiana Department of Health, Region 7, some of the people in the Shreveport area who were diagnosed with COVID-19 did not have a choice of vaccine until they received a vaccine. diagnosis of COVID. Because they weren’t born yet.

During a presentation to the Caddo Parish School Board, Dr. Whyte said a baby was born in the Shreveport area. with COVID-19[FEMALEeDrWhyteadit:[FEMININELeDrWhyteadit:

“… we had a newborn baby, born with COVID. Who was immediately vented. Luckily this baby is getting better. So that’s good news. But he struggled through his early years. weeks of life. ”

You can see the video here, along with Dr. Whyte’s comments on the newborn at 9:00 p.m.

The presentation was made to the Caddo Parish School Board regarding their COVID policies for the upcoming school year.

75 of Louisiana’s most famous people

Officers Killed in the Line of Duty in Northwest Louisiana

Sadly, hundreds of officers have been killed in Louisiana. Even more shocking, many officers perished in our region. Over 20 officers killed in the Shreveport Officers were killed in the Shreveport area alone. Officer Down Commemorative Page tracks all officer deaths across the country. Here is a list of all the officers who have died in the line of duty in Northwest Louisiana.
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Ethereum hits US $ 2,700 ahead of EIP-1559 upgrade later tonight https://piazzacarlogiuliani.org/ethereum-hits-us-2700-ahead-of-eip-1559-upgrade-later-tonight/ https://piazzacarlogiuliani.org/ethereum-hits-us-2700-ahead-of-eip-1559-upgrade-later-tonight/#respond Thu, 05 Aug 2021 02:56:10 +0000 https://piazzacarlogiuliani.org/ethereum-hits-us-2700-ahead-of-eip-1559-upgrade-later-tonight/

Ethereum hit a new two-month high as excitement mounts for the London Protocol upgrade later tonight.

At 11:12 am AEST, Ether changed hands at just over US $ 2,701, up 7.0% from yesterday and its highest level since June 7.

The London hard fork, which contains the highly anticipated EIP-1559 (Ethereum Improvement Protocol No. 1559), is expected to go into effect around 10:35 p.m. AEST today when block 12,965,000 is mined.

The upgrade will make transaction costs more predictable and “burn” (destroy) a fraction of them, making the network less inflationary.

Members of the Ethereum community were celebrating and scheduling “viewing parties” on YouTube as the upgrade went live.

Crypto mostly in the green

Overall, the crypto market rose 3.4% to $ 1.68 trillion, its highest level since Sunday.

Crypto market

Bitcoin changed hands at US $ 39,359, up 2.4% from yesterday.

Only four of the top 100 coins fell more than one percent, with KuCoin Token the worst performing, down 6.4 percent.

The best winner in the top 100 was Traveler Token, up 17.6% from Wednesday, after the U.S. listed company behind the token announced earlier this week that it had acquired crypto payments firm Coinify ApS for $ 84 million.

Digital travel (CSE: VYGR) is a crypto-asset broker and holders of the VGX token earn interest when held in the Voyager app.

“The acquisition of Coinify will significantly accelerate our expansion in Europe and help us meet the growing demand for our current product offering internationally,” said Lewis Bateman, International Director of Voyager.

Digital world token founded in Australia Illuvium had hit another all-time high, at US $ 289, just like the derivatives trading platform Perpetual Protocol, at US $ 17.57.

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Can I use a personal loan to buy a car? https://piazzacarlogiuliani.org/can-i-use-a-personal-loan-to-buy-a-car/ https://piazzacarlogiuliani.org/can-i-use-a-personal-loan-to-buy-a-car/#respond Wed, 04 Aug 2021 03:28:09 +0000 https://piazzacarlogiuliani.org/can-i-use-a-personal-loan-to-buy-a-car/

If you get a loan to buy a new set of wheels, a car loan isn’t your only option. You can also use a personal loan to finance your purchase. So what’s the difference between the two and why would you choose one over the other? Let’s find out.

Auto credit vs personal credit

An auto loan is not much different from a personal loan. However, as the name suggests, an auto loan can only be used to purchase a new or old car. On the other hand, a personal loan will allow you to borrow funds for various purposes, including your next vacation or the purchase of a vehicle.

Lenders also have strict criteria and restrictions regarding auto loans. For example, most auto loans are unsecured. This means that you will likely have to use your car as collateral, and the lender can seize your vehicle if you don’t pay it back. Some lenders also won’t allow you to buy a used vehicle after a certain age, which could limit your options if you’re shopping on a budget.

A personal loan, on the other hand, can be secured or unsecured. An unsecured personal loan does not require any type of collateral, but you may have to pay a higher rate of interest if you get an unsecured personal loan for a car. That said, a good credit score and financial history could help you negotiate a better rate with your lender. You can also get a personal loan to buy a used car. You don’t have to say exactly what you’re buying when you take out a personal loan, which means you can get any car you want without any restrictions from the lender.

If you’re confused between an auto loan and a personal loan to finance your car, also think about what kind of interest rate you’re most comfortable with. The majority of auto loans have a fixed interest rate, while you can find many options for both fixed and variable rate personal loans.

The advantage of getting a fixed rate auto loan is that you will make the same monthly or bi-monthly repayment throughout the fixed term. Having regular repayments makes budgeting easier, but you could find yourself paying more than the market rate if variable interest rates drop. Meanwhile, with a variable interest rate, you could potentially save money in a low rate environment – or pay more if your lender announces a rate hike.

Overall, a fixed rate auto loan gives you the ability to budget and pay off your loan consistently over time. However, you may find it difficult to get flexible auto credit at the same time. So, if you happen to have a few extra dollars at some point and decide to pay off the car sooner, you may not be able to do it with a fixed rate loan without incurring charges.

The bottom line

The decision to get a personal loan for a car or stick to a car loan or dealer financing can be tricky. Buyers should consider several factors, including the interest rate and payment terms. Your credit history can also affect your decision. This is because personal loans are more easily approved for creditworthy borrowers who can also benefit from more competitive rates than people with an average score.

However, if you go with a regular car loan, an average credit history doesn’t necessarily stand in the way of approval. Additionally, since the interest rate and borrowing for a car loan also depend on the price of the car, your credit score might have less of an impact on key loan terms compared to a personal loan.

Be sure to consider the interest rates for auto loans and personal loans to compare which is the most affordable before opting for dealership financing. Getting your car financed through the dealership is usually quick and convenient, but can cost you more in the long run. It is always a good idea to compare rates and offers between several lenders, as this increases your chances of getting a more competitive deal with reasonable terms.

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ThinKom Solutions and Telesat sign an integration agreement https://piazzacarlogiuliani.org/thinkom-solutions-and-telesat-sign-an-integration-agreement/ https://piazzacarlogiuliani.org/thinkom-solutions-and-telesat-sign-an-integration-agreement/#respond Tue, 03 Aug 2021 12:00:00 +0000 https://piazzacarlogiuliani.org/thinkom-solutions-and-telesat-sign-an-integration-agreement/

OTTAWA, Ontario and HAWTHORNE, Calif., August 03, 2021 (GLOBE NEWSWIRE) – ThinKom Solutions and Telesat today announced a collaboration agreement to collaborate on the integration of ThinKom’s Ka2517 aeronautical antennas with advanced Telesat Lightspeed technology™ LEO broadband satellite network.

The two companies will work together to facilitate the operation of the Ka2517 antennas on the fully integrated satellite and terrestrial network 298, which is expected to begin services in 2023. Efforts under the agreement will include the integration of the Ka2517 as a solution. complete with aeronautical user terminal. , followed by the official type approval of the Ka2517 on the Telesat Lightspeed network.

Based on the high performance and efficiency of the Ka2517 antennas and Telesat’s advanced LEO satellite network, downlink speeds are expected to reach up to 830 Mbps and uplink speeds up to 200 Mbps to a single aircraft. .

The Ka2517 antennas have already been successfully tested on Telesat’s LEO Phase 1 satellite, validating LEO satellite tracking, extremely high spectral efficiencies and ultra-low latency of 20 to 40 ms. Additional tests will be performed to validate intra- and inter-satellite handoffs on the Ka2517 terminal when the Telesat Lightspeed satellites are in orbit.

The Ka2517, using ThinKom’s patented Variable Inclination Continuous Transverse Stub (VICTS) technology, is DO-160 approved and currently in full production with several additional type certificates awarded for Airbus and Boeing aircraft. ThinKom expects hundreds of these aerodynamic Ka-band antennas to operate on geostationary satellites (GEO) when the Telesat Lightspeed network is ready to support commercial service. It will be simple and inexpensive for an airline to modify one of these Ka2517 GEO-only antenna systems installed to interact with the Telesat Lightspeed LEO satellite constellation and existing GEO networks.

“The collaboration agreement between ThinKom and Telesat will ensure a streamlined path for Ka2517 antennas already in service as well as new facilities to operate seamlessly on Telesat’s LEO network,” said Bill Milroy, President and CTO of ThinKom Solutions. “Our proven VICTS aerodynamic antenna technology, combined with Telesat’s Lightspeed laser-linked global optical coverage, low latency, high throughput, and reconfigurable dynamic beam flexibility, will provide a night “low risk and economical for airlines serving both global and regional routes, including the high latitude polar areas.

“The accelerating pace of technology, coupled with ever-increasing passenger demand for the Internet, is putting increased pressure on the connectivity decisions airlines make today,” said Erwin Hudson, vice-president. president of Telesat’s Lightspeed system operations. “With the development of ThinKom’s Ka2517 antenna, airlines no longer need to tear down and replace aircraft antennas to take advantage of the higher throughput, lower latency and true global connectivity available with the next Telesat Lightspeed LEO network. “

About ThinKom Solutions

ThinKom Solutions, Inc., is a leading provider of innovative, highly affordable and compact broadband antennas and multibeam products for aeronautical, vehicle, user terminal, gateway, satellite and portable applications. The company’s core products uniquely enable short-term global availability of high-speed connectivity in the X, Ku, Ka, Q and V bands. ThinKom offers a range of reliable and proven technology solutions for communities of consumers, businesses, first responders, civilians, military and intelligence.

About Telesat

With a legacy of engineering excellence, reliability and cutting-edge customer service, Telesat is one of the world’s largest and most successful satellite operators. Telesat works with its customers to provide essential connectivity solutions that tackle the world’s most complex communications challenges, delivering powerful benefits that improve their operations and drive profitable growth.

Constantly innovating to meet the connectivity requirements of the future, Telesat Lightspeed, the company’s low Earth orbit (LEO) satellite network, will be the first and only LEO network optimized to meet the rigorous demands of telecom, government, and government customers. maritime and aeronautical. Operating under its priority international rights to Ka-band spectrum, Telesat Lightspeed will redefine global satellite connectivity with ubiquitous, affordable, high-capacity links with speeds similar to fiber.

A privately held company headquartered in Ottawa, Canada, with offices and facilities throughout the world, Telesat’s major shareholders are the Public Sector Pension Investment Board of Canada and Loral Space & Communications Inc. (NASDAQ: LORL). For more information, visit www.telesat.com.

ThinKom press contacts:

Greg Otto
ThinKom Solutions, Inc.
+1 310 802 4507

Jim rhodes
Rhodes Communications, Inc.
+1 757 451 0602

Telesat press contact:

Lynette simmons
Director, Marketing and Communications

Safe Harbor Forward-Looking Statements

This press release contains statements that are not based on historical fact and are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. “, and” will “, or other variations thereof words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from expectations expressed or implied in forward-looking statements due to known and unknown risks and uncertainties. Detailed information on some of the known risks and uncertainties is included in the “Risk Factors” section of Telesat Canada’s Annual Report on Form 20-F for the year ended December 31, 2020 and in Telesat Canada’s Quarterly Report on Form 6-K for the quarter ending March 31, 2021, both available on the SEC website.

Known risks and uncertainties include, but are not limited to: risks associated with the operation of satellites and the provision of satellite services, including delays in satellite construction or launch, launch failures, orbit or impaired satellite performance, the ability to successfully deploy an advanced global LEO constellation satellite, the availability of government and / or other funding for the constellation of LEO satellites, receipt of revenue related to the reallocation of spectrum into C band, exchange rate volatility, the risks and expenses associated with becoming a publicly traded company, the ability to expand our current use of satellites, and the risks associated with domestic and foreign government regulation. The foregoing list of important factors is not exhaustive. The information in this press release reflects Telesat’s beliefs, assumptions, intentions, plans and expectations as of the date of this press release. Except as required by law, Telesat disclaims any obligation or commitment to update or revise the information contained in this document.

]]> https://piazzacarlogiuliani.org/thinkom-solutions-and-telesat-sign-an-integration-agreement/feed/ 0 What makes cryptocurrency fluctuate? https://piazzacarlogiuliani.org/what-makes-cryptocurrency-fluctuate/ https://piazzacarlogiuliani.org/what-makes-cryptocurrency-fluctuate/#respond Tue, 03 Aug 2021 10:18:29 +0000 https://piazzacarlogiuliani.org/what-makes-cryptocurrency-fluctuate/

Cryptocurrencies are known for their extreme volatility, but that’s also why they are capable of producing such wealth. Over 1000% of crypto rallies are common, while a stock exchange might never see such gains in its entire existence.

This volatility and wild price swings is part of what attracts new market players over and over again with every major bubble, and with every new wave, the cryptocurrency market and market capitalization becomes much larger.

But have you ever thought about what actually causes the price of cryptocurrency assets to fluctuate in the first place? And is it possible to predict these fluctuations with a sufficient degree of precision to improve the rate of return? Let’s find out.

What is cryptocurrency? From Altcoins To Bitcoin

A cryptocurrency is an emerging technology built using a cryptographic computer code and involves storing assets on the blockchain. The computer code also powers a cryptographic protocol that protects the network against hackers or other security issues.

Cryptocurrencies first appeared when Bitcoin was born at the end of the Great Recession. The creator of the coin, Satoshi Nakamoto, also developed the first working example of blockchain technology with the introduction of Bitcoin. Since then, thousands of cryptocurrencies have been created each with a unique use case or purpose.

Ethereum, for example, isn’t just a currency like Bitcoin, it’s also a supercomputer that runs decentralized applications through a technology called smart contracts. Smart contracts are executable code that can be designed to run all kinds of technologies.

Smart contracts have enabled the creation of new subsectors of the cryptocurrency industry, such as NFT and DeFi. NFTs are non-fungible tokens that represent digital ownership of unique digital items. DeFi, or decentralized finance, is another disruptive area of ​​the market that offers lending and borrowing without authorization.

Why cryptocurrencies are still speculative assets

If this all sounds a bit confusing from a technical standpoint, don’t worry, you are not alone. Cryptocurrencies are a new technology that not everyone understands and that was designed to represent our point of view: Crypto is a speculative asset class.

People do not yet fully understand what technology does or the benefits offered by assets, let alone the value at which assets should be valued. Bitcoin is also another ideal and polarizing example. Experts claim it will go to zero, but those who support the cryptocurrency believe it will one day be worth millions per coin.

Because no one knows what these assets will or should be worth, the market can only speculate on what these prices might someday be, and any price action is the result of natural price discovery.

And because cryptocurrencies are speculative, they are highly subject to wild price swings due to extreme changes in sentiment. And with crypto, an interesting thing always happens – people always want to buy the coin when it hits all-time highs, but ignore buying the asset when prices are low.

Why crypto market sentiment is moving to such extremes

In early 2020, everyone expected Bitcoin to reach new heights. It was back to $ 10,000 for what seemed like the hundredth time, and finally got big. Then COVID hit and Bitcoin dropped to $ 3,000 on Black Thursday.

Investors were afraid to touch it lest it potentially collapse to zero if the economy continued to fall. But it doesn’t, and the opposite happened and the perfect storm in Bitcoin happened afterwards. Billions of dollars in stimulus money were printed when there were only 21 million BTC.

Talks about inflation and low interest rates have shifted the appetite for risk, and investors have loaded up on memes and crypto stocks. Bitcoin exploded from $ 3,000 to $ 60,000. At its highest, everyone expected Bitcoin to hit $ 100,000 or more. Still, it crashed badly at $ 30,000. Now, even though just a few months ago people expected $ 100,000, now they are expecting a return to $ 10,000 or worse.

Switching positions is a bad investment strategy, so it is often advisable for HODL investors, but it can lead to losses for years. This is why many choose to trade Ethereum and other cryptocurrencies instead.

Why trade cryptocurrencies instead

Markets are cyclical and rather than holding onto a bear market, those who have been in the crypto market for years are finally turning to trading. It can take even a single peak and trough to realize the potential gains left on the table by not trading instead.

For example, any investor who bought Bitcoin in 2020 did well until 2021, but then lost half of their earnings on the massive sell-off. But those who traded could have gotten profits from the rally to the upside, and even bypassed Bitcoin before the crash and profit from it on the downside.

Trading is best suited for speculative assets such as cryptocurrencies and can also be an ideal tool for inventors of stocks, currencies, and commodities. Trading these assets through CFDs such as derivatives provided by PrimeXBT allows for ultimate flexibility in position management.

This is especially useful for managing the highly volatile crypto market, which requires technical analysis tools, stop loss management, and more to survive. Over time, the volatility of each cryptocurrency will decrease as adoption takes place and more cash flows into those assets.


Low liquidity compared to forex, stocks or gold is also part of what makes crypto so wild, but it cannot be managed so easily. It is this situation of low liquidity and adoption that makes crypto more speculative of an asset class than those involved would like to believe. The solution to speculation is to trade rather than HODL, and only time in the market will tell.

Adoption is here, but it will move slowly and price discovery will be volatile and even painful along the way. Bitcoin and other assets like Ethereum will experience boom and bust repeatedly, with bullish and bearish phases in between. Knowing this in advance, would you prefer HODL and hope for the best, or is it time to consider trading cryptos instead?

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Sir.[B] Self-service storage: growth in Central America https://piazzacarlogiuliani.org/sir-b-self-service-storage-growth-in-central-america/ https://piazzacarlogiuliani.org/sir-b-self-service-storage-growth-in-central-america/#respond Tue, 03 Aug 2021 07:16:58 +0000 https://piazzacarlogiuliani.org/sir-b-self-service-storage-growth-in-central-america/

At the end of the 90s, our founding partners decided to launch an American self-storage business model in Central America. Founded in 1998, Mr. Bodeguitas, now known as Mr.[B] Self Storage, continued its first development in Guatemala, the largest economy in the region and the country with the most populous city on the Isthmus, which connects the Atlantic and Pacific Oceans through the Panama Canal.

The region is made up of seven small nations – Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama – with a combined population of 48 million and a gross domestic product of $ 279 billion. Many companies approach the region as a combined market, in order to better exploit its advantages. In fact, this point of view has been central to our own state of mind. After more than 20 years, Mr.[B] has become a pioneer and market leader, replicating our model across borders. Today, our portfolio includes 12 facilities totaling 430,000 rentable square feet in three countries.

Along the way, we have attracted wonderful attention. In 2016, we were honored to receive the International Installation of the Year award for our Juan Pablo II installation in El Salvador. In 2017, we partnered with Metro Storage International LLC, a subsidiary of Metro Storage LLC, based in the United States. This collaboration added a global component to our local experience, and due to our capital structure we have been able to explore growth in Spanish speaking countries.

We have learned that seizing business opportunities is imperative. All of our systems and operations have been designed to integrate new facilities quickly, as we are able to complete new turnkey additions in a very short time.

An industry on the move

Compared to the United States, self-storage in Central America is still a largely unrecognized product. Through our research, we’ve measured that even two in 10 people can’t properly articulate what self-storage is or how facility operators can solve personal and business storage needs.

Over our two decades, we have seen a constant change in the way customers use the service. During the 2000s, we focused primarily on small business owners looking for secure, conveniently located warehouses to incorporate into their distribution model. At the time, the cost of the land allowed self-storage developers to build large facilities with many drive-up units. But after the turn of the decade, the region experienced rapid urban transformations. Many suburban dwellers chose to relocate to dense urban areas, which meant living in smaller spaces and a greater need for storage. As a result, self-storage developers have increasingly embraced US-influenced components designed for residential customers.

As in most parts of the world, the storage industry in Central America is growing. Facilities have been deployed throughout the region with different characteristics and quality levels. But across Central America, it is common to see an emphasis on security measures and a shift towards more institutional quality structures.

Almost all of the self-storage developments here are purpose-built projects except for a couple of large warehouses, which have been converted. Over the past five years, we have also seen a rapid rise in land prices, which has triggered more multi-story buildings.

Mr-B-Self-Storage-Exterior-2.JPGOvercome the challenges

Challenge is the name of the game for self-storage developers and operators in Latin America. In addition to a lack of knowledge of consumers, the product is unknown to municipalities. Building permits take a lot of time and effort to get because we have to inform the local government about the business. Regulations also vary from city to city, which means we need to be able to convince officials of the importance of adding self-storage to specific neighborhoods under existing business or industrial requirements.

A significant complexity on the operational side of the business is the lack of regulations for dealing with delinquent tenants. Evictions and lien sales are complicated to execute, emphasizing collection strategies as a large part of operational expertise.

Another important hurdle to overcome is adapting industry systems to local practices and laws, especially in countries where tax laws and billing systems require special integration with licensed banking or billing institutions. Having robust and versatile tools is essential when your vision is to expand beyond borders.

Finally, the pandemic has had an impact on business practices around the world. With our remarkable team of human resources professionals, Mr.[B] has been able to quickly adapt to the measures required by each government and adopt practices to make our customers and employees feel safe. We implemented contactless access control where possible and hand sanitizer dispensers when human contact was required. We have also been able to digitize some processes, which allows us to rent units remotely and then let our 24/7 on-site security guards complete the process when new customers arrive to access their premises. units.

Market outlook

As urban density increases and consumer demand requires more urban storage, we expect the self-storage industry to grow across Central America. Lenders are starting to understand the industry and its diverse customer base, which means that local banks are increasingly interested in funding established and diverse self-storage portfolios. We hope to see international lenders focus more on these markets, which would foster even more growth in the region.

The M. [B] the platform has grown and we continue to explore business opportunities through acquisitions and strategic partnerships. We’re also focused on helping our customers thrive, one storage solution at a time. We hope this service-oriented philosophy will help the industry thrive across the region.

Federico Rölz is CEO of Mr.[B] Self Storage, which operates 12 facilities in Costa Rica, El Salvador and Guatemala. With three projects in development, the company’s portfolio will soon have more than 592,000 rentable square feet. Sir.[B] actively seeks expansion opportunities in the region.

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Can I make additional repayments on a personal loan? https://piazzacarlogiuliani.org/can-i-make-additional-repayments-on-a-personal-loan/ https://piazzacarlogiuliani.org/can-i-make-additional-repayments-on-a-personal-loan/#respond Sun, 01 Aug 2021 22:07:59 +0000 https://piazzacarlogiuliani.org/can-i-make-additional-repayments-on-a-personal-loan/

Paying off your personal loan feels great, but paying it off sooner with additional payments is even better.

If you have a personal loan, you might be wondering if you can make additional repayments and what the pros and cons, if any, might be.

How the additional repayments of a personal loan work

Some personal lenders will allow you to make additional repayments on top of your regular payments. This can help you reduce the loan principal much faster than making the required minimum payments. Plus, by reducing the principal amount, you will potentially pay less interest over the life of the loan.

For example, if you had a personal loan of $ 20,000 over 5 years at a 6% rate, if you only made the standard monthly repayments of $ 387, you would pay $ 3,199 in interest. However, if you only paid $ 50 more per month, you would gain 5 years on the loan and pay only $ 2,768 in interest.

Personal loan Monthly repayments Total interest charged Total cost of the loan
No additional reimbursement $ 387 $ 3,199 $ 23,199
Additional repayment of $ 50 per month $ 437 $ 2,768 $ 22,768

Source: RateCity.com.au. Note: Figures based on a hypothetical $ 20,000, 5 year 6% personal loan. Does not take into account fees or rate fluctuations. Assumes $ 50 in additional monthly repayments made from the inception of the loan.

However, what you pay in interest is how the lender makes their money, so not all lenders will allow you to do this. Some may even charge you a fee for making additional refunds. It is worth reading the product disclosure statement associated with the personal loan to verify this first.

What other features can a personal loan offer?

If your personal loan lender allows you to make additional repayments, chances are they also offer another potentially competitive feature: a withdrawal facility.

A withdrawal facility allows personal loan customers to withdraw some or all of the additional repayments they have made over the years while paying off their loan. This can come in handy when you’re under financial stress, like overdue or unexpected bills, or even if you just want to fund a family vacation.

Keep in mind that once you withdraw the additional funds that you put on your personal loan, you will increase the amount of principal owed. This in turn can increase the amount of interest you will be charged and may mean an increase in your regular repayments.

Some personal lenders may require you to pay a certain amount in additional repayments before you can access these funds. In addition, personal loan renewal facilities are generally reserved for variable rate loans. If you need a fixed rate personal loan, this feature may not be available to you.

What are the pros and cons of making additional personal loan repayments?

Making additional payments on your personal loan can go a long way in reducing otherwise daunting debt. But there are both risks and benefits that are worth weighing up.

Benefits of additional repayments on a personal loan:

  • Pay off your debt faster – The most important benefit of making additional repayments is that you may be able to save months over the life of your loan.
  • Pay less interest – The lower the amount of your principal owed, the less interest you will incur.
  • Access funds – If your lender offers a redemption facility, you may be able to access these funds when you need them.

Cons of additional repayments on a personal loan:

  • Your current lender may not offer it – If you’ve already taken out a personal loan and want to make additional payments, you may find that your lender doesn’t allow it. If this is something you really want for your personal loan, it might be worth considering refinancing.
  • Fees and limits – Some lenders may charge you a fee for making additional repayments. And some may cap how much you can pay, or even limit how much you can withdraw if you use a withdrawal feature.
  • Variable rate only – Generally speaking, additional repayments or the possibility of refinancing can be reserved for customers of variable rate loans. If you opt for a fixed rate loan, check to see if additional repayments are allowed before proceeding.
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No trigger was triggered in the volume of traded traded, some packers are still slow to cooperate https://piazzacarlogiuliani.org/no-trigger-was-triggered-in-the-volume-of-traded-traded-some-packers-are-still-slow-to-cooperate/ https://piazzacarlogiuliani.org/no-trigger-was-triggered-in-the-volume-of-traded-traded-some-packers-are-still-slow-to-cooperate/#respond Fri, 23 Jul 2021 17:49:00 +0000 https://piazzacarlogiuliani.org/no-trigger-was-triggered-in-the-volume-of-traded-traded-some-packers-are-still-slow-to-cooperate/

According to a letter to members of the President of the National Cattlemen’s Beef Association, Jerry Bohn, no triggers were triggered in the volume silo traded during the second quarter, which means there will be no regulatory or legislative solutions for the moment. Even so, Bohn said some packers were slow to participate.

“Using data collected as part of mandatory livestock reporting and released by the USDA Agricultural Marketing Service, the subgroup found that no minor triggers were triggered in the silo of trade volume traded in the second quarter. So far, we have not achieved our goal of completing the packer participation silo. However, I am happy to report that we have now finalized agreements with the four main slaughterhouses to analyze their participation in the negotiated market starting in the third quarter. The completion of the conditioner participation silo brings the total number of minor triggers in our program to eight – one for each of the four livestock growing regions analyzing negotiated trade volumes and one for each of these regions analyzing purchases. negotiated conditioners. Addressing this essential part of our voluntary effort will help ensure that buyers and sellers of live cattle take mutual responsibility for achieving solid price discovery. “

When the first quarter traded trade data was evaluated, a major trigger was triggered. According to the framework approved by the members, if another major trigger is triggered during another quarterly assessment, legislative or regulatory action will be pursued.

According to the NCBA, as part of the “Negotiated Trade” silo of the 75% plan, a minor trigger is assigned to each region. The subgroup assessed the weekly trade volumes negotiated for each cattle-growing region and determined that the Iowa-Minnesota and Nebraska-Colorado regions exceeded their thresholds under the 75% plan during all reporting weeks, thus exceeding their traded trade threshold for that quarter. . They also found that the Texas-Oklahoma-New Mexico and Kansas regions did not meet the threshold for five of the first quarter’s reporting weeks. One of those weeks occurred during winter storm Uri and another coincided with the mandatory maintenance of a major packaging plant, resulting in a long shutdown. Both events disrupted normal livestock flows and ended critical packing capacity. Data from the weeks surrounding the two events warranted invoking the force majeure provisions of our framework, although a major trigger was still triggered due to a lack of participation from packers.


Bohn said the second quarter saw a striking level of buy-in from livestock producers and, mainly due to cattle feeders, particularly in the southern plains, the second quarter saw more negotiated market participation than the first. Some slaughterhouses, he said, have expressed a desire to work with us to increase their purchases of traded cattle, and seem to recognize the importance of price discovery for the entire industry.

“That said, the NCBA has been frustrated by the apparent lack of urgency shown by some of the biggest buyers of fed cattle,” Bohn said. “The sub-group believes that the completion of the packer participation silo will encourage all major meat packers to be part of the solution to this problem. “

The sub-group met in Denver on July 6 and discussed the results and some of the lessons learned, including how livestock marketing varies so dramatically from region to region, especially in terms of quality or percentage of dressing.

“Second, it’s important to remember that price discovery and pricing are different things,” Bohn said. “For example, in four weeks of trading in the second quarter, trade volumes traded exceeded robust price discovery levels in all regions. Nevertheless, cattle prices did not register significant gains during the same period. High livestock supplies and a shortage of adequate beef packing capacity have helped create a current market dynamic where the influence in negotiations resides with packers.

In addition, he said that the use of non-value-added formulas, such as weighted averages, “cash plus” transactions and “high-end” transactions, neither contributes to price discovery nor to the pursuit of price. our goal to increase the real trades traded in the market. The subgroup also noted the need for additional research and academic literature to better understand the role of competition, or involvement of packers, in discovering price and cost industry-wide volumes. negotiated reduced.

He admits there are no quick fixes, but work continues to ensure that every segment of the industry can be profitable.

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Eurobank Ergasias Services and SA: announces the acquisition of a 9.9% stake in the Hellenic bank https://piazzacarlogiuliani.org/eurobank-ergasias-services-and-sa-announces-the-acquisition-of-a-9-9-stake-in-the-hellenic-bank/ https://piazzacarlogiuliani.org/eurobank-ergasias-services-and-sa-announces-the-acquisition-of-a-9-9-stake-in-the-hellenic-bank/#respond Fri, 23 Jul 2021 06:41:03 +0000 https://piazzacarlogiuliani.org/eurobank-ergasias-services-and-sa-announces-the-acquisition-of-a-9-9-stake-in-the-hellenic-bank/

July 23, 2021

Eurobank SA (‘Eurobank‘), a subsidiary of’ Eurobank Ergasias Services and Holdings SA ‘(Eurobank Holdings), announces the acquisition of a 9.9% stake (40,800,000 shares) in Hellenic Bank Public Company Limited (‘Hellenic Bank‘).

It also announces the conclusion of a share purchase agreement (‘SPA‘) with Third Point Hellenic Recovery Fund LP, for the acquisition of an additional 2.7%, subject to all customary regulatory approvals. Consequently, after completion of the SPA, Eurobank’s stake will amount to 12.6%.

Hellenic Bank is the second largest financial institution in Cyprus, engaged in personal, commercial and international banking services. The investment is aligned with the overall strategy of the Eurobank Group aimed at further strengthening its presence in all the key markets in which it retains a strategic interest. Having a good knowledge of the local market, through its 100% subsidiary Eurobank Cyprus Ltd., and taking into account the positive outlook for the Cypriot economy, Eurobank is convinced that Hellenic Bank, with its management, its capital structure and its customers loyal, is well positioned to capitalize on prospects and take advantage of future opportunities. In this context, Eurobank looks forward to close cooperation with the rest of the shareholders and the board of directors of Hellenic Bank and is committed to making a constructive and positive contribution in this direction.

Axia Ventures Group acted as financial advisor to Eurobank in connection with the transaction while Milbank LLP provided legal advice.


Eurobank Ergasias Services and Holdings SA published this content on July 23, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on July 23, 2021 06:37:05 AM UTC.

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Strategists Support Higher Pound Against Euro https://piazzacarlogiuliani.org/strategists-support-higher-pound-against-euro/ https://piazzacarlogiuliani.org/strategists-support-higher-pound-against-euro/#respond Fri, 23 Jul 2021 05:59:53 +0000 https://piazzacarlogiuliani.org/strategists-support-higher-pound-against-euro/

– GBP / EUR in recovery mode
– Gains helped by market recovery
– EUR weighed by the ECB
– Soc Gen returns GBP / EUR above 1.20
– CBAs are buyers of GBP against EUR

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The British Pound is expected to appreciate against the Euro over the next few weeks by a number of forex strategists we are following, one suggesting that levels of 1.25 cannot be expected.

Strategists of the investment banking divisions of Societe Generale, ING Bank and Commonwealth of Australia Bank confirmed this week that they expect the pound sterling to rise further against the euro, noting a combination of favorable valuations and interest rate differentials.

The calls come at a time of heightened volatility in the forex markets which saw the pound fall sharply against the euro and dollar earlier in the week before finally recovering those losses in subsequent sessions.

The pound has entered this phase of recovery aided by signs that the third wave of Covid hitting the UK may slow as a stock market rebound has appealed to the ‘high beta’ personality of the UK currency .

Still in deficit

Above: Despite a recent rally, the GBP continues to absorb losses over a one week period.

The rebound against the euro accelerated on Thursday after the European Central Bank (ECB) said it would maintain generous levels of monetary support to the eurozone financial system until inflation stabilizes around the 2.0% level.

The position suggests that the ECB will remain one of the laggards in the race for global central banks to normalize interest rates to pre-crisis levels, a position that could weigh on the euro in the long run.

The ECB’s position of doing nothing contrasts with that of the bank of england which seems increasingly nervous about inflationary levels in the UK, reflected by the fierce debate among policymakers over whether or not inflation will stay above 2.0% for an extended period.

Money market prices show investors expect the Bank of England to hike interest rates in 2022, while markets are expected to hike rates in 2024.

Some economists say the take-off at the ECB could be even later.

“The new forward guidance is in line with our expectations that rates will not be raised in the euro area until the end of 2025,” said Giovanni Zanni, chief euro area economist at NatWest Markets.

Zanni says it will be time before the ECB’s inflation forecast for the coming year matches the ‘2% sustainable’ target, “in fact not until late 2024 – early 2025, according to our expectations “, he adds.

The policy divergence between the two central banks is reflected in the sterling’s steady uptrend against the euro in 2021, which remains intact despite the wobble seen earlier this week.

Rate of the pound to the euro in 2021

Above: Daily chart showing GBP / EUR behavior in 2021.

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According to Société Générale, the French international financial services provider and investment bank, the exchange rate of the pound against the euro could go well above 1.20 by the fall.

Soc Gen has updated its exchange rate forecast and says the US dollar has bottomed and the British pound is acclimating to a new post-Brexit era.

“The EUR / GBP seems to us to have entered a post-Brexit era and is following rate differentials and growth expectations with a little more confidence now. The chart shows how this has been since the attention was drawn. the referendum vote itself. The EUR / GBP diverged from yields and climbed in 2019 as the EU departure date approached and the domestic political backdrop darkened, “said Kit Juckes, Chief Foreign Exchange Strategist at Soc Gen in London.

Soc Gen chart

“Since the initial COVID-related volatility subsided, the two lines of the graph have moved harmoniously. On that basis alone, the likelihood that the UK will tighten monetary policy well ahead of the ECB suggests that the EUR / GBP is now more likely to drift towards 0.80 than up towards 0.90, ”says Juckes.

0.90 in EUR / GBP equals 1.11 in GBP / EUR and 0.80 gives a GBP / EUR exchange rate of 1.25, a target that Juckes expects the exchange rate to gravitate towards this. fall.

Analysis by Amsterdam-based international banking giant ING Bank shows that the pound has remained undervalued by a recent decline against the euro, as the EUR / GBP is now at its highest level since April.

“The latest GBP sell-off brought EUR / GBP into the most overvalued territory since April, with EUR / GBP currently 1.5% overvalued (which is just below the standard deviation band of 1.5) based on our short-term financial fair value model, ”says Petr Krpata, Chief EMEA FX and IR Strategist at ING in London.

EUR / GBP hit a high of 0.8669 on Monday (GBP / EUR down to 1.1535) amid a massive selloff in global markets that pushed the pound lower. Investors sold the pound and bought euros as fears increased over the impact of the rapidly spreading Delta variant of Covid-19 on the global economic outlook.

However, a subsequent stabilization of sentiment combined with an apparent overvaluation of the euro against the pound sterling leads ING to expect a reversal of the euro’s gains.

ING’s modeling suggests that there is limited scope for EUR / GBP to move above the 0.8700 level (GBP / EUR below 1.1494).

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Despite favorable valuations for the pound sterling, ING remains cautious about a further rise in tensions between the EU and the UK over the issue of the Brexit protocol in Northern Ireland.

Although Brexit took place in January, the protocol is still not fully functional given the significant technical challenges it poses.

Heightened cultural sensitivities also prevent its full implementation, with the Unionist community opposing a perceived separation of Northern Ireland from the rest of the UK.

The British government said on Wednesday it was seeking a substantial renegotiation of certain points contained in the Northern Ireland Protocol, adding that in its current form it was preventing trade in goods and medicines between Britain and the United Kingdom. ‘North Ireland.

Brexit Minister David Frost told the House of Lords that the government is now proposing a number of major changes to the protocol, which the EU has flatly rejected.

In fact, the EU said on Thursday that it intends to step up legal action over the matter.

If the two sides fail to agree on a lasting solution to the issue before the current grace period expires on October 1, tensions may soon begin to reflect on the pound’s exchange rates.

A shock is coming, “this suggests that the return of the pound to its fair value in the short term is not imminent,” says Krpata.

European Commission President Ursula von der Leyen said on Thursday that the EU would nonetheless remain open to finding solutions to the problem.

Boris Johnson called for the presentation of the British command document on the Ireland / Northern Ireland protocol. The EU will continue to be creative and flexible under the protocol. But we will not renegotiate. We must jointly ensure stability and predictability in Northern Ireland, “he added. she said in a brief statement.

History suggests that tensions between the EU and UK tend to escalate before an inevitable breakout and markets will therefore choose to watch through the noise for now.

Indeed, Commonwealth Bank of Australia strategists believe the pound is a solid bet against the euro.

In a regular currency briefing on July 22, they maintain the buying of the pound, and the selling of the euro is the only conviction appeal remaining on their books.

Like ING, CBA considers that the valuation favors the gains of the pound.

“The valuation and relative economic performance between UK and Eurozone are the reasons we continue to expect EUR / GBP to decline. UK CBI business optimism fell in July but remains in line with strong economic activity over the next three months, ”said strategist Elias. Haddad at ABC.

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