Direct Vanqex Fri, 04 Jun 2021 22:17:22 +0000 en-US hourly 1 Direct Vanqex 32 32 Brazil asks industry to save electricity as drought undermines hydropower Fri, 04 Jun 2021 21:52:00 +0000

An aerial view shows a cow standing in the middle of a dry patch on a ranch in the Pantanal, the world’s largest wetland, in Pocone, Mato Grosso state, Brazil, August 28, 2020. REUTERS / Amanda Perobelli

Brazil’s Ministry of Mines and Energy met with industry representatives on Friday to discuss how heavy electricity consumers can reduce demand to ease pressure on the grid resulting from the worst drought in the world. Brazil for 92 years.

Drought threatens power generation, which relies heavily on hydropower plants, and could hamper broader economic growth this year.

A senior Economy Ministry official said on Friday that the energy crisis had also been exacerbated by “structural” problems, making the planned privatization of electricity giant Eletrobras (ELET6.SA) all the more urgent.

In a statement, the Ministry of Mines and Energy said it would lead efforts aimed at “emergency and structural solutions” for what experts say are “demand response” measures.

According to the ministry, the Brazilian Association of Infrastructures and Basic Industries (Abdib) has proposed “a plan that will help the industry to react and increase its energy efficiency actions”, according to the ministry.

Abrace, a group representing large industrial sectors that consume electricity, “stressed the importance of seeking voluntary mechanisms” to reduce demand “without affecting competitiveness,” the ministry said.

Separately on Friday, Economy Ministry Special Secretary Adolfo Sachsida said the worst drought in nearly a century poses a growing threat to growth this year.

At an online event hosted by the Northern Ceara State Planning Secretariat, Sachsida said energy issues were also exacerbated by “structural” issues.

The privatization of Eletrobras, Latin America’s largest electricity company, will attract private sector investment and reduce these structural risks, he said.

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Stay cool this summer while saving money on your utility bill Fri, 04 Jun 2021 21:27:00 +0000

SPRINGFIELD, Mo. (KY3) – Shelby Johnson rarely turns on her air conditioning during the summer.

“I’m going to lower the curtains, the blinds, whatever,” Johnson said.

Closing curtains in rooms exposed to direct sunlight will help keep warm air out and cooler air inside.

Johnson says she saves on her utility bill during the summer, but she’s not compromising on her comfort.

“We have ceiling fans, a pedestal fan here,” Johnson said.

Circulating the air will help keep it cooler.

Joel Alexander of Springfield City Utilities said, “Ideally 78 degrees is what we recommend. We want you to be at a comfortable temperature where you feel comfortable and safe in your home.

For every degree you raise your thermostat above 78, you’ll save about 3-5% on your utility bill.

“For me it’s not hot, as long as I’m not sweating I’m comfortable,” Johnson said.

If you’re going for the day, turn up your air conditioning.

“Keep your house at the same temperature all day. When you don’t use it, you lose an opportunity to save on your energy costs, ”said Alexander.

Just like in winter, you also need to seal air leaks in summer.

“You have your windows sealed, caulked, the same with your door,” Alexander said.

These simple steps now will help you save on your bill before the peak heat months of August and September.

Make sure all of your HVAC equipment and systems meet the manufacturer’s maintenance recommendations. This will help them work more efficiently and save on energy costs.

Summer efficiency checklist

  • Set the thermostat to the highest temperature for your comfort. 78 degrees is the recommended temperature
  • Close curtains and blinds during the day to keep the heat out
  • Change the air filters
  • Seal air spaces around windows and doors. This will keep the cooler air inside and the warmer air outside
  • Use fans to feel cooler. Turn them off when you leave the room
  • Make sure the ceiling fans are rotating counterclockwise which will blow cool air towards the floor
  • Avoid activities that add heat or humidity to your home

To report a correction or typo, please send an email

Copyright 2021 KY3. All rights reserved.

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Get help with questions about PPP and EIDL / Nav loans Fri, 04 Jun 2021 18:42:39 +0000

Covid relief loans, such as Economic Disaster Loans (EIDL) and Paycheck Protection Plan (PPP) loans, have provided millions of businesses with essential financing. But with hundreds of pages of ever-changing advice on these loans and grants, it’s no surprise that many business owners find themselves confused and unsure where to turn for help with their questions. PPP and EIDL.

At Nav, we’ve written extensively about the Paycheck Protection Program and the EIDL, and as a result, we’ve answered hundreds of questions about these programs. Some of these questions are easy to answer, for example:

“Can I get a PPP loan if I am an independent contractor? “
Answer: Yes, based on the income declared on your Schedule C tax form.

“How do I apply for the Targeted EIDL scholarship?” “
Answer: You must wait for the SBA to send you an email to apply. You will only receive an invitation if you have applied for an EIDL scholarship in 2020.

Others may be more complicated, like the one we recently received on our blog:

“I own 100% of an S corporation and take a paycheck. I am trying to apply for the 2nd PPP loan, but the bank is asking for Q1 2020 form 941 to show the number of employees and see if I was in business. I was in business for the whole of 2020, but I did not take a paycheck for the first quarter of 2020, so I declared a zero on the 941 form. Since there was no pay for January-March 2020, but I am using my 2019 numbers to apply, this zero return disqualifies me for the 2nd PPP round? My gross sales have dropped by the required 25%. “

(Note: We don’t have all the answers. For this question, we’ve encouraged our reader to explore some of the options below.)

If you’re looking for answers to your EIDL and PPP questions, here are five places to get help:

1. Your lender

If you have submitted your PPP loan application, specific questions regarding your application should be directed to your lender. Of course, most lenders face massive loan volumes and some are more responsive than others to questions from borrowers.

Try to be patient and respond to requests for additional information, even if it seems redundant. (They also deal with changing guidelines.) Your lender will ultimately be responsible for driving your application throughout the process.

If you have applied for an EIDL or the Targeted EIDL advance, questions should be directed to the Small Business Administration (SBA) as they make these loans and grants.

2. Your local SBA office

The SBA has offices across the country, and many have held events to answer questions from small business owners about Covid loans and other relief programs. These offices can be a useful source of information and assistance if you have questions about PPPs and EIDL. Find your local SBA office here.

3. SBA resource partners

Taxpayer money helps fund valuable programs that can come in handy as you try to navigate the economic downturn. SBA resource partners include:

  • Small Business Development Centers (SBDC)
  • SCORE (volunteer mentors)
  • Women’s Business Centers (WBC)
  • Business Outreach Centers for Veterans (VBOC)

The people involved in these organizations have worked tirelessly over the past year to help small business owners take advantage of federal assistance programs. As an added bonus, they may be able to direct you to state or local aid and grant programs. Find your local SBA resource partners here.

4. Your accounting professional

There are several reasons why accounting professionals can be crucial in helping you secure a Covid relief loan or grant:

  • To apply for a PPP or EIDL loan, you must have completed your tax returns.
  • Your claim may require calculations (such as income reductions) that you may not be comfortable calculating on your own.
  • PPP forgiveness requests can be incredibly difficult, even for the most detail-oriented entrepreneur. Your accountant or accountant can help you or refer you to someone who can. (Accounting professionals may have access to forgiveness calculator software.)

Realize that this is already an insanely busy year for accountants and bookkeepers, so try to be understanding and patient with your requests for help. Organizing your financial information will allow them to help you more effectively, so make sure you’ve done your part!

5. Other business owners

Shortly after the passage of the CARES Act in March 2020, Nav created a Facebook group for business owners to ask questions and share their experiences with EIDL and PPP. It exploded. Business Lending and Financing Information Center – PPP, EIDL and more Facebook now has nearly 20,000 members, many of whom share their experiences with these programs.

Of course, you have to be extra careful when following the advice of a Facebook post, but one thing many business owners have found helpful about this community is to hear from others about their progress in this community. obtaining financing through these stimulus programs.

This article was originally written on June 4, 2021.

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Business News | Stock market and stock market news Fri, 04 Jun 2021 13:59:55 +0000


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Sustainable zero net design can save both the environment and money Fri, 04 Jun 2021 06:54:50 +0000

Reallocation of existing buildings is also a sustainable and cost-effective alternative to new construction – adaptive reuse and conservation projects allow us to convert uninhabitable spaces into habitable spaces and preserve built heritage.

New Delhi: Durability is not an additional construction; it’s a way of life. When it comes to enabling sustainability through architecture, the role of design that prioritizes energy efficiency is of immense importance, say the Indian architects.

According to Sachin Rastogi, Founding Partner and Director, Zero Energy Design Lab, “A ‘net zero energy’ building is a building where the total amount of energy used by the building on an annual basis is roughly equal to the amount of energy used by the building. renewable energy created. on site or nearby. Contrary to popular assumptions, a “near net zero building” (built to minimize net energy; one that strives to be net zero) does not need to be expensive to build and operate; such a building is designed to function with its climate and context.

In addition to the important role of daylighting and ventilation, a building like this relies on the use of passive design strategies that can, for example, reduce solar heat gains by as much as 60-70%. .

He adds, “In addition, the thermal loads to the building can be greatly reduced by incorporating heat sinks such as bodies of water and incorporating native vegetation; and window shapes and sizes can be designed to maximize daylight in interior spaces by up to 100 percent, thereby reducing home electrical loads. By means of such techniques, the costs of constructing and operating the building can be considerably reduced.

Naveen Thomas, Vertical Head of Enterprise Architecture at Edifice Consultants, says the design of Atal Akshay Urja Bhawan, their next project in New Delhi, emerges as an exemplary precedent by creating a landmark that embodies energy awareness in the urban fabric of the city.

“As the government actively supports energy efficiency in the country, public buildings should lead the way in minimizing their environmental footprint. Serving as the headquarters of the Ministry of New and Renewable Energies, the design demonstrates a new model of civic development that blends iconicism with an interactive public interface. Atal Akshay Urja Bhawan is expected to achieve Net Positive Energy Status through the energy generated by solar panels and the use of energy efficient materials for floors and ceilings, cavity walls to reduce HVAC loads and electrical equipment dedicated to energy saving. “

Akshat Bhatt, Principal Architect at Architecture Discipline, New Delh, recommends principles for designing buildings in a sustainable manner.

* Orient the building to increase the entry of daylight and fresh air, and design it with sufficient thermal mass to regulate internal temperatures. This limits the need for artificial lighting and air conditioning and thus reduces the energy consumption of the building.

* Build it in a modular and flexible way that adapts to the future needs of its users. This reduces the need for costly modifications and eliminates pollution due to demolition or new construction.

* Make it self-sufficient in electricity and drinking water, thanks to renewable energies and rainwater harvesting. Areas for agriculture and food crops must also be integrated in the form of vegetable gardens or growing rooms.

* Treat all dry and wet waste that is produced on site so that no untreated waste is released. Using locally sourced materials can also reduce intrinsic energy and building costs.

Reallocation of existing buildings is also a sustainable and cost-effective alternative to new construction – adaptive reuse and conservation projects allow us to convert uninhabitable spaces into habitable spaces and preserve built heritage.

While it is true that their initial costs can be high, green homes are much cheaper to operate over the long term and over the entire building life cycle, as they significantly reduce water requirements and fuel consumption. energy from lighting and air conditioning. The cost of maintaining most green systems or appliances is also low, allowing residents to recoup the initial costs in about 3 to 4 years.

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Covid relief loans injected $ 3.2 billion into Montana small businesses Fri, 04 Jun 2021 00:41:01 +0000

HELENA – Editor’s note: This is the second in a three-part series on federal Covid relief funds in Montana – which will exceed $ 7 billion.

For Paul Mabie, co-owner of Restaurant and Hostel Helena, federal Covid relief loans likely saved his businesses, which were launched just months before the pandemic began in early 2020.

“We put everything on the line to open this project in July 2019 and when Covid hit we thought we were going to lose everything,” he said this week. “And we are here today, prosperous, vaccinated and ready to open our businesses to receive the roar of hospitality that Montana is enjoying because of the funding that has come through these programs.”

Mabie’s Oddfellow Inn & Farm and two other Helena Airport restaurants received funding through the Paycheck Protection Program (PPP) and emergency disaster loans – and they were certainly not the only businesses in the Montana to get help.

Mike Dennison-MTN News

Paul Mabie, co-owner of Oddfellow Inn & Farm in Helena.

In Montana, PPP – which was closed for applications this week alone – has made 47,000 loans totaling more than $ 2.6 billion, since April 2020.

And disaster loans, extended by Congress during the pandemic, have provided an additional $ 630 million to small businesses in Montana since last year. Companies affected by the pandemic still have until the end of this year to apply for these low-interest loans, which are repaid over 30 years.

Brent Donnelly, Montana District Director for the US Small Business Administration, says both programs have been well received by businesses – and, he says, successful.

“A lot of the companies I’ve spoken to have said to us, hey, PPP was something that gave us a bit of breath and like, ‘OK, how are we going to deal with the pandemic?’ “he told MTN News. “They looked for new customers, they looked for new markets, they changed their business locations. “

The PPP targeted businesses with 500 or fewer employees, to help them retain their employees, pay rent and cover other costs to help them weather the pandemic.

It started as part of the first massive Covid-19 federal aid plan approved in March 2020, at $ 350 billion nationwide. It has now reached $ 800 billion as Congress extended the program as the pandemic lasted much longer than expected.

Some or all of the loans will be forfeited if companies meet certain requirements, such as retaining at least 60 percent of their employees.

As of this week, about 63% of Montana’s 24,000 P3s approved in 2020 have gone through the forgiveness process, Donnelly said, and nearly all of them have been approved.


Mike Dennison-MTN News

Brent Donnelly, Montana District Manager for the US Small Business Administration.

The SBA maintains a public database listing all approved PPP loans and recipients. The Montana database reveals awards given to businesses in nearly every community in the state, large and small, and to multi-million dollar businesses as well as sole proprietorships.

Highlights include:

· The largest prize was $ 10 million, to Missoula’s Consumer Direct Care Network home health care company. Eleven companies had loans of $ 5 million or more, and 281 loans totaled at least $ 1 million.

· Almost 21,000 of the loans were made to businesses with only one employee, for an average of $ 11,200 per loan.

· Almost 39,000 of the loans – 85% – went to businesses with 10 or fewer employees.

· Almost $ 1.6 billion in loans went to businesses in the state’s seven largest cities – although small towns often also have large recipients. For example, in Little Alzada in the southeastern state, 46 businesses had loans totaling $ 832,000.

But, in the other extreme corner of the state – Yaak, in northwestern Montana – no one had a loan.

The largest loans have gone to construction and engineering companies, a mental health center in Missoula, manufacturers, hotel companies and mid-sized hospitals.

Rich Rasmussen, president of the Montana Hospital Association, told MTN that small hospitals were losing revenue at the start of the pandemic as elective surgeries were canceled, but had to keep staff and even step up efforts to respond to patients in need. emergency.


MTN News

Rich Rasmussen, president of the Montana Hospital Association.

The PPP program was their only source of help at the start of the pandemic, he said.

“Small hospitals don’t have the same level of reserves as large hospitals,” Rasmussen said. “PPP loans have therefore enabled them to retain all their staff throughout the duration of the pandemic. …

“It was really a bridge to bring us to where we could bring elective procedures back, so that we could continue to remain financially viable through the summer and fall when we saw our biggest patient crush. . “

Sidney hospital had the largest PPP loan of any hospital, at $ 5.8 million, while hospitals in Anaconda, Livingston, Glendive, Glasgow, Lewistown and Dillon all had loans of at least 2 , $ 8 million.

Billings-based architecture and engineering firm Cushing-Terrell secured the second largest loan with $ 7.2 million, while Dick Anderson Construction from Helena secured the third loan with $ 6.8 million.

Corey McGreevey, CEO of Dick Anderson Construction, said he was able to maintain most of its 350-plus employees even if he had “important projects” canceled, postponed or delayed by the pandemic.

“We feel a strong responsibility to our employees and the communities we serve,” he said. “A significant portion of the loan proceeds flowed back into our local communities through our employees, which we were able to keep. “

Cushing-Terrell declined to comment on his loan.

Ben Bledsoe, CEO of Consumer Direct Care Network, said he was able to qualify under “alternative sizing guidelines” even though he has more than 500 employees, and get the maximum loan of 10 millions of dollars.

The Missoula-based company has several thousand workers in 15 states, providing home health care and assistance to the elderly and disabled.

The company has seen a sharp drop in revenue and demand for its services as many people did not want others to enter their homes during the pandemic, Bledsoe said.

“(The loan) was very helpful; we are grateful for the support, ”he told MTN News. “I think everyone we serve in all of these communities will also be grateful. “

He said the company was working through the approval process to see what part of the loan could be canceled.

Much of this process is handled by the private lenders who approved the loans, Donnelly said.

“If there was a hero in this whole process, I think it’s our Montana lenders and bankers,” he said. “We are a very rural state. … Our banks know our borrowers and vice versa.

However, Donnelly said some “bad actors” certainly exist, trying to get loans they don’t qualify for, and that the SBA’s Office of the Inspector General has investigated possible fraud. Data on the surveys are not yet available, he said.

But Donnelly said he was confident the vast majority of loans went to businesses that badly needed and appreciated the money.

Mabie, the owner of the Helena restaurant and hostel, said without the loans the company would have had to lay off 22 people. Instead, many of those workers stayed – and now have health coverage, he said.

Additionally, the company has hired more people and invested in additional projects, which appear to be paying off as the tourism economy rebounds, he said.

“It was a bit of a gamble and a doubling, but we’re glad we did it now as we have a fully trained staff and we continue to hire, all thanks to the PPP money,” Mabie said. . .

Mabie’s business also secured an emergency disaster loan, which has gone to more than 10,000 Montana businesses.

Next week: Plans to strengthen Montana’s access to high speed Internet service.

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Letters to the Editor | The Economist Thu, 03 Jun 2021 21:19:53 +0000

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Letters are welcome by e-mail at [email protected]

Mexico responds

You urge Mexicans to vote against the president and his party in congressional elections (“The Puritan of Tepetitán, May 29). Your message is surprising, not because of The Economistideological position of, but because of the virulence of your writing and the fragility of your reasoning. You seem to believe that the majority of Mexicans, especially the poorest, are wrong and support the wrong person.

When Mexico elected Andrés Manuel López Obrador as president, it was predicted that he would lead the country to economic ruin due to devaluations, hyperinflation, indebtedness and a direct clash with the states. -United. None of this happened. On the contrary, President López Obrador’s administration has kept its promise to prioritize spending for our poorest citizens. At the same time, he maintained fiscal discipline and sound public finances. For example, it has achieved historic minimum wage increases, while keeping inflation at bay and the currency stable. He also quickly managed to establish a relationship of respect and collaboration with the administration of President Joe Biden.

The inability of the elites to understand the president is reflected in your pages; they paint a grim picture of Mexico, losing sight of the fact that although the Mexican economy has been ravaged by the pandemic, it will grow by around 6% this year, without going into debt, with healthy finances and significant levels of foreign investment direct investment. You also question the government’s response to covid-19, but ignore how Mexico managed, in a matter of months, to double its hospital capacity and ensure universal access to the vaccine.

But the claim that stands out most for its absurdity is the suggestion that President López Obrador has somehow undermined Mexican democracy, when he has done the exact opposite. Its decades-long struggle against a closed system has given birth to a strong, plural and diverse democracy, in which the people are directly consulted on substantive issues like never before. Freedom of the press and of thought is now total in Mexico. President López Obrador is accountable to the public and engages in dialogue with the press, which feels free to criticize him on a level incomparable with his predecessors (just open any Mexican newspaper).

The elitist point of view, defended ad nauseam, is that the majority are wrong and do not know what is good for them. Isn’t it time to ask if it is the elite – angry and exasperated with President López Obrador – and not the people who are wrong?

Secretary of Foreign Affairs

Support patent surrender

Your work showing that the death toll from covid-19 is almost certainly much higher than one might think, especially in developing countries, is exemplary. A year ago, the obstacle in the fight against this cruel disease was science. Today it is inequality. Contrary to what you argue, the price remains an obstacle (“Vaccinate the world” on May 15th). the MRNA the vaccines from Pfizer / BioNTech and Moderna are among the more expensive vaccines on offer, averaging $ 18 per dose.

Shareholders become billionaires, while we fail to immunize the billions that need help. These high prices are beyond the reach of most countries and significantly reduce the number of doses that COVAX can afford. This despite up to $ 100 billion in government subsidies and studies showing production costs as low as 60 cents per dose for MRNA vaccines. A key way to lower prices and increase supply is to forgo patents, end these artificial monopolies, and transfer technology as quickly as possible to create more competition.

This is what we have learned in the fight against HIV / AIDS. It is the fastest way to end the pandemic and protect the populations of countries rich in new variants. Given your strong commitment to the power of the free market, it’s surprising that you don’t join Joe Biden and support patent waiver in the face of this health emergency.

Executive director

The olive revolution

Green investment is questionable due to the difficulty of filtering signal noise (“Hot air”, May 22). I suggest that some form of scale be designed so that businesses can be categorized as, say, green, olive, brown, and charcoal. Those who have no chance of being green can at least be encouraged to fight for the olive.


Actions as alternatives

Your tribute to the late David Swensen, who mastered the Yale endowment fund, pointed out that the shift to “alternative” college and university endowment investments began in the 1980s (“Holly and Ivy,” May 15) . Yale has clearly benefited from Swensen remaining at the forefront of this transformation. An earlier change in endowment management began in the 1970s. McGeorge Bundy, president of the Ford Foundation, wrote a report in the late 1960s that compared the ten-year performance of endowments among 15 “educational institutions”. important ”. Bundy called for a move to a modern, professional form of investment management which was later adopted by Swensen.

Bundy’s report also blamed the poor performance of endowments on their management by board of trustees, stating that their focus on maximizing income has led to bond allocations at the expense of top-performing stocks. The report cited the University of Rochester’s professional investment bureau, the first in the United States, to have achieved an annual return of 6% per year higher than the other 14 endowments. Without Bundy’s report backing equity investing, Yale’s switch to alternatives may never have happened.

Director of Investments
Rochester University
Rochester, New York

A Dickens of a twist

A letter (May 15) wondered where Charles Dickens had found the inspiration to weave fraudulent pyramid schemes in two of his novels. The model for the scheme in “Martin Chuzzlewit” was the Independent West Middlesex Fire and Life Insurance Company. The company had its own fire engines that rushed to put out fires for a few years; and life insurance was good for profit until too many people began to die. When the money ran out in 1840, the managers distributed the wine in the cellar under their headquarters and left for France.

Cullompton, Devon

The infamous Bank of Tipperary was the inspiration for the “Little Dorrit” project. John Sadleir, a Member of Parliament, was the key figure in the fraud. It was a standard pyramid scheme in which depositors were drawn to high interest rates and new deposits were constantly required to pay repayments. As his scam was about to be discovered, Sadleir went for a drink at Jack Straw’s Tavern and followed with a sip of acid. His body was found at Hampstead Heath.

Leamington Spa, Warwickshire

This article appeared in the Letters section of the print edition under the title “On Mexico, covid-19 vaccines, green investment, endowments, Charles Dickens”

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The Liberals and the Crime Peaks | The Economist Thu, 03 Jun 2021 18:22:09 +0000

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Why we must save the Amazon Thu, 03 Jun 2021 14:39:12 +0000

We must protect the Amazon rainforest to have a chance against climate change. But how to do when the majority of the Amazonian territory is controlled by a government which encourages its destruction?

The Amazon is the center of the climate emergency – it is home to 10% of the world’s known biodiversity and it stores 150-200 ug of carbon, equivalent to between two and three times all the CO2 emitted by the UK since 1750. This region is also multicultural – over 300 languages ​​are spoken across the basin.

The largest and most diverse rainforest on the planet is under threat. After a decade of reducing deforestation, the numbers have jumped from 2019, when the world was hit by the great Amazon fires that followed a period of high deforestation rates. These large fires and rates of deforestation were a direct result of the rhetoric and actions of the then newly elected Brazilian president. Jair Bolsonaro was elected threatening to suppress the environment ministry and facilitate mining and agricultural expansion. Bolsonaro’s government has continuously attacked and drastically cut funds environmental agencies, research organizations and conservation programs, leaving those responsible for monitoring and protecting the forest completely without help.

The Brazilian government has acted to diminish the power of indigenous peoples over their lands, and has particularly stimulated invasions of these territories for mining and illegal logging. Much of the Amazon rainforest is on indigenous territory and the tribes have autonomy over them.

The Brazilian government has acted to destroy the Amazon rainforest and its people. A health crisis that took place in the Amazon region was the epicenter of the Brazilian Covid health crisis with approx. 4,500 deaths per million – more than twice the death toll in the UK. During the pandemic, the Brazilian government allowed evangelical missionaries to come into contact with isolated native tribes, helping to spread the virus to remote areas that lack of basic medical infrastructure. Behind the scenes, as the pandemic hit the Brazilian Amazon extremely hard, the government took action to weaken environmental protections and make the application of environmental law more flexible.

Earlier this year, at the leader’s climate summit in 2021, Bolsonaro delivered a speech completely different from all the actions of his government, in which he claimed to be concerned about the Amazon and its people and asked for funds. international organizations to preserve the Amazon. However, while claiming to protect the region, in the aftermath of the climate summit Bolsonaro cut funds from the Ministry of the Environment.

The humanitarian losses, the threat to biodiversity and the ability to regulate the climate are irreversible and too great for the rest of the world to wait for the next Brazilian elections. The solution to this looming crisis lies in the fact that nations and companies that import products linked to deforestation, such as soybeans, meat and minerals, must reconsider their agreements and impose sanctions to avoid destruction of the land. ‘Amazonia. Individuals contribute by putting pressure on these organizations to act responsibly and fight against the destruction of the Amazon forests.

While sanctions are the way to force the government to change its actions, those fighting the crisis on the ground and being attacked by the government need support. Sanctions against those who destroy the forest must be accompanied by funds for Amazonian communities and initiatives that protect the forest independently of the Brazilian government, such as tem gente com fome, apib and IS A. There is no time to waste – human lives and forests are destroyed every minute and with them we lose our only chance to tackle the current climate emergency – the world must act now.

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Are the banks open today? Federal holidays 2021 Wed, 02 Jun 2021 22:09:20 +0000

If you deposit a check when the Federal Reserve is closed, you may experience a delay in the availability of funds. A Fed holiday can also cause an invoice to be overdue if the processing date is a Fed holiday. A Fed holiday could also mean your local branch is closed.

These are the Federal Reserve System holidays from 2021 to 2023:

Federal Reserve System Holidays 2021 2022 2023
New Years Day January 1st January 1st* January 1st**
Martin Luther King Jr Day January 18 January 17 January 16
President’s Day February 15 the 21st of February February 20
Memorial day May 31st May 30 May 29
Independence Day 4th July** 4th July 4th July
Labor Day September 6 September 5 September 4
Columbus Day October 11 October 10 October 9
Veterans Day November 11th November 11th November 11th*
Thanksgiving 25 november 24 november 23 november
Christmas Dec 25 * 25 Dec ** December 25th

* The Board of Governors is closed on December 24, 2021, December 31, 2021 and November 10, 2023.

** The Board of Governors is closed on July 5, 2021, December 26, 2022 and January 2, 2023.

Note: The Board of Governors is closed for the inauguration day on January 20, 2021.

Source: Federal Reserve

Most banks close on Federal Reserve holidays

Rose Oswald Poels began working for the Wisconsin Bankers Association over 20 years ago. At the time, Oswald Poels, who is now the group’s chairman and CEO, said many banks were open on holidays like Martin Luther King Jr.’s birthday, Columbus Day and Veterans Day.

“In today’s world it’s very different,” says Oswald Poels.

More and more banks are choosing to shut down on Federal Reserve System holidays, such as Washington’s Birthday or Columbus Day. Oswald Poels says some banks may take advantage of the closure on a weekday to train all staff or volunteer in the community.

Banks can open on a public holiday in the Federal Reserve system

A bank can choose to be open on a Federal Reserve holiday. Transactions will generally be processed the same as a weekend.

For example, if you sign the documents to send a domestic wire transfer to your bank on a Saturday morning, that transfer will only be processed on Monday morning at the earliest, assuming Monday is not a Federal Reserve holiday. . The same is true if you deposit a check at a bank (or online or at an ATM) on a holiday. If your bank is open on one of the Federal Reserve System holidays, the Fed will likely reopen the next business day. Automated Clearing House (ACH) network transactions are also not processed on a holiday or weekend.

The Fed is closed on the second Monday in October for Columbus Day. So if you deposit a check into your bank account on the Saturday before that holiday, the sooner that check will be fully available will usually be on Tuesday if the bank has same day availability.

If the bank doesn’t do this, “it wouldn’t be until Wednesday that your money would really be available to you,” says Oswald Poels.

Online accessibility on Federal Reserve holidays

Online access should be the same on a public holiday as on any other day or night. Of course, this assumes that the bank’s site is not down due to maintenance or some other issue.

“If you do online banking, if you use remote deposit capture through your phone to make deposits, all the technological functions are still working,” says Oswald Poels. “So you can do these transactions. But the effect of what that means (Fed holidays) is another story.

While you can deposit a check to your mobile on any of these holidays, chances are the transaction won’t be processed until the next business day at the earliest.

Typically, you can also open a bank account online on a public holiday in the Federal Reserve system, as you can on a night or on a weekend. This includes checking accounts, savings accounts, money market accounts or CDs.

Other public holidays and bank holidays

Banks are usually open on Black Friday, Christmas Eve, and New Years Eve, although your bank may decide to close earlier on one of these days.

“Everything is working normally in the system (nowadays) also because the Fed is also open,” said Oswald Poels.

Good Friday is another day when the Federal Reserve is open and banks usually are too. This holiday gets a little confusing as it is a day when the New York Stock Exchange (NYSE) is closed. Columbus Day is the reverse since the NYSE is open and the Federal Reserve System is closed.

Invoice Paid Around Federal Reserve Holidays

It is always best to pay bills a few days in advance. That way, if a holiday or weekend escapes you, the bill should be paid on time.

“If you’ve set up automatic bill payment from your account, hopefully most people organize bill payment so that the date the transaction is initiated isn’t literally the very last due day of. the invoice ”, explains Oswald Poels.

If your automatic bill payment date falls on a holiday or weekend in the Federal Reserve System, that transaction will not be processed until the next business day.

“Make sure you leave enough leeway between the actual due date and when you initiate the bill payment request,” says Oswald Poels.

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