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Hospital for Special Surgery opens in Suffolk

The Hospital for Special Surgery, or HSS, is expanding on Long Island with its first Suffolk County location, at 56 Flying Point Road in Southampton.

An academic medical center, HSS focuses on musculoskeletal health. HSS physicians serve as team doctors for the New York Giants, New York Knicks, New York Liberty, New York Mets, Long Island Nets and other professional sports teams, according to a news release about HSS’s expansion on Long Island.

“HSS Southampton responds to a steady increase in demand for our highly specialized orthopedic care from eastern Long Island,” Dr. Mark Drakos, medical director of HSS Long Island, said in a statement.

Physicians at the Southampton location will offer expertise in sports medicine, foot and ankle surgery, hand surgery, pain management, physiatry, spinal care and orthopedic trauma. They are the same physicians who see patients at the main hospital in New York City.

“Our team strives to ensure every patient’s experience across all HSS facilities is consistent and exceptional,” John Finger, senior vice president of HSS regional markets, said in the news release. “We look forward to continuing to serve active communities on Long Island by expanding our physical and digital reach to advance their musculoskeletal health and overall quality of life.”

Candidates for orthopedic surgery are cared for at the Upper East Side hospital.

“Long Island residents who have surgery in New York City are pleased to have the convenience of scheduling their pre-operative visits and post-operative care on Long Island,” Drakos saod.

The opening in Southampton follows an expansion and renovation at the HSS location in Uniondale. HSS has outpatient locations throughout New York, in New Jersey, in Connecticut and in Florida.

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#Hospital #Special #Surgery #opens #Suffolk

Terra Firma Capital Corporation Announces Definitive Agreement to Be Acquired in Transaction Valued at C$46 Million

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All amounts are stated in United States dollars unless otherwise indicated.

TORONTO, Aug. 31, 2023 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company“), a real estate finance company, is pleased to announce that the Company and GM Capital Corp. (the “Buyer”), an affiliate of Y. Dov Meyer, the executive chairman of the Company and Seth Greenspan, managing director of the Company, have entered into an arrangement agreement (the “Arrangement
Agreement”) whereby the Buyer will acquire all of the issued and outstanding common shares of the Company (the “Shares”) not held by the Buyer by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Transaction”).

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The Arrangement Agreement

Under the terms of the Arrangement Agreement, each shareholder of the Company (the “Shareholders”) will receive cash consideration of C$7.30 for each Share held (the “Consideration”), valuing the Company’s total equity at approximately C$46 million on a fully diluted basis. The Consideration represents a 57.0% premium to the closing price of the Shares on the TSX Venture Exchange (the “TSXV”) on December 21, 2022, the last trading day prior to the Company’s announcement of the strategic review process, a 16.8% premium to the closing price of the Shares on the TSXV on July 20, 2023, the last trading day prior to the Company’s update on its strategic review process, and a 5.8% premium to the closing price of the Shares on the TSXV on August 31, 2023.

Transaction Highlights

  • The Transaction provides attractive value for Shareholders, representing a premium of approximately 57.0% to the closing price of the Shares on the TSXV prior to the Company’s announcement of the strategic review process on December 21, 2022.
  • All cash offer that is not subject to a financing condition.

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  • A special committee comprised of independent directors of the Company (the “Special
    Committee”) unanimously recommended that the board of directors of the Company (the “Board”) approve the Transaction. The Board (with Mr. Meyer abstaining) unanimously approved the Transaction and unanimously recommends that the Shareholders vote in favour of the Transaction.
  • The Special Committee has obtained a fairness opinion from each of Cormark Securities Inc. (“Cormark”) and MNP LLP (“MNP”).
  • The Buyer has entered into voting support agreements with shareholders and all of the directors of the Company (excluding Mr. Meyer) holding 47.05% of the outstanding Shares, including voting support agreements with Somers Limited, GG North America Investments Limited Partnership and Pathfinder Asset Management Limited (collectively, the “Supporting Shareholders”).

“Since the fourth quarter of 2022, the Company has been managing our assets and selling certain investments with a view to maximizing value for shareholders. We are pleased to have reached an agreement with Dov Meyer and Seth Greenspan for a sale transaction that provides a very favourable outcome for shareholders and will avoid some of the costs and inefficiencies of other potential alternatives for the Company”, commented Glenn Watchorn, President and CEO of the Company.

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Transaction Details

Under the Arrangement Agreement, the Buyer will acquire the Company, and each Shareholder will receive C$7.30 per Share. The Consideration represents a total equity value of approximately C$46 million on a fully diluted basis. The Transaction is not subject to a financing condition.

The Transaction will be implemented by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) and will require the approval of 66 2/3% of the votes cast by Shareholders, as well as the approval by a simple majority of votes cast by the Shareholders, excluding the Buyer and its affiliates, and any other Shareholders required to be excluded under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction (“MI 61-101”), at a special meeting of the Shareholders to be called to approve the Transaction (the “Special Meeting”). It is anticipated that the Special Meeting will be held in October 2023. Following closing of the Transaction, the Shares will be delisted from the TSXV. The Transaction is expected to close in the last quarter of 2023.

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The completion of the Transaction is subject to obtaining required court and other approvals and satisfaction of closing conditions customary for a transaction of this nature. The Arrangement Agreement includes customary deal-protection provisions with customary “fiduciary out” provisions. The Company is subject to non-solicitation provisions which, in certain circumstances, allow the Board to terminate the Arrangement Agreement in favour of a superior proposal, subject to the payment of a termination fee of C$1,300,000, in certain circumstances, and a right of the Buyer to match such superior proposal.

The foregoing summary is qualified in its entirety by the provisions of the Arrangement Agreement, a copy of which will be filed with the Canadian securities regulators and made available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Special Committee and Board Recommendations

As Mr. Meyer beneficially owns approximately 7.5% of the issued and outstanding Shares and serves as a director and the executive chairman of the Company, the Transaction constitutes a “business combination” for purposes of MI 61-101. In connection with the Company’s previously announced review of strategic alternatives, the Board had formed the Special Committee to, among other things, review and evaluate potential strategic alternatives for the Company, including among other potential alternatives, a sale of the Company. The Special Committee was responsible for reviewing, evaluating and negotiating the terms of proposals received from the Buyer and other parties, making recommendations to the Board in respect of such proposals, and negotiating the terms of the Transaction.

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The Board (with Mr. Meyer abstaining), based on the unanimous recommendation of the Special Committee, has determined that the Transaction is fair to Shareholders and that the Transaction is in the best interests of the Company. The Board (with Mr. Meyer abstaining) has also recommended that Shareholders vote in favour of the Transaction at the Special Meeting. The Special Committee has obtained verbal fairness opinions from each of Cormark and MNP, financial advisors to the Special Committee, that, as at August 31, 2023, subject to certain assumptions and limitations , the Consideration to be received by Shareholders, other than the Buyer and its affiliates, is fair, from a financial point of view, to such Shareholders. The fees payable to MNP for its financial advice and the provision of its fairness opinion are fixed and are not conditional on the success of the Transaction.

Copies of the written fairness opinions of Cormark and MNP and other relevant background information will be included in the management information circular (the “Circular”) of the Company to be prepared in connection with the Special Meeting. The Company will send the Circular and certain related documents to Shareholders and copies of the Circular and certain related documents will be filed with the Canadian securities regulators and will be made available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Until the Circular is mailed, Shareholders are not required to take any action in respect of the Transaction.

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Voting Agreements

In addition, the Buyer has entered into voting support agreements with the directors of the Company (excluding Mr. Meyer) and each of the Supporting Shareholders for, among other things, the agreement of each of the directors and Supporting Shareholders to vote their Shares at the Special Meeting in favour of the Transaction. Collectively, the Supporting Shareholders and directors (excluding Mr. Meyer) hold approximately 47.05% of the outstanding Shares.

Advisors and Counsel

Blake, Cassels & Graydon LLP is acting as counsel to the Company.

Cormark is acting as financial advisor to the Special Committee and MNP is acting as independent financial advisor to the Special Committee. Norton Rose Fulbright Canada LLP is acting as independent legal counsel to the Special Committee.

Goodmans LLP is acting as counsel to the Buyer.

About the Company

Terra Firma is a publicly traded real estate finance company that provides real estate financings secured by investment properties and real estate developments in the United States and Canada. The Company focuses on arranging and providing financing with flexible terms to real estate developers and owners who require shorter-term loans to bridge a transitional period of one to five years where they require capital at various stages of development or redevelopment of a property. These loans are typically repaid with lower cost, longer-term debt obtained from other Canadian financial institutions once the applicable transitional period is over or the redevelopment is complete, or from proceeds generated from the sale of the real estate assets.

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More information about the Company is available at www.tfcc.ca or under the Company’s profile on SEDAR+ at www.sedarplus.ca.

For more information:

Terra Firma Capital Corporation
Shelley Ochoa
Chief Financial Officer
Phone: 416.792.4707
[email protected] 

The TSXV has neither approved nor disapproved the contents of this press release. The TSXV does not accept responsibility for the adequacy or accuracy of this press release.

CAUTIONARY AND FORWARD-LOOKING STATEMENTS

Certain statements in this news release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements generally can be identified by the use of terms and phrases such as “will”, “may”, “subject to”, “expected”, “if”, “option”, and similar terms and phrases, including references to assumptions and limitations. Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to: the Transaction and the terms thereof; the anticipated date of the Special Meeting; the expected timing for completion of the Transaction; regulatory, court and Shareholder approvals; the delisting of the Shares from the TSXV; and the anticipated benefits of the Transaction to the Shareholders. There can be no assurance that the proposed Transaction will be completed or that it will be completed on the terms and conditions contemplated in this news release. The proposed Transaction could be modified, restructured or terminated in accordance with its terms.

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Forward-looking statements are based on information available at the time they are made, underlying estimates and assumptions made by management and management’s good faith belief with respect to future events, performance and results. Such assumptions include, without limitation, expectations and assumptions concerning the anticipating timing of the Transaction and the Special Meeting, the anticipated benefits of the Transaction to the Shareholders, the delisting of the Shares from the TSXV and the receipt in a timely manner of regulatory, court and Shareholder approvals for the Transaction.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control, which may cause actual events, results or performance to be materially different from the events, results, or performance expressed in such forward-looking statements. Such risks and uncertainties include, but are not limited to, the inherent risks and uncertainties surrounding future expectations of the Company, general economic, market and business conditions in Canada and globally, governmental and regulatory requirements and actions by governmental authorities, changes and competition in the real estate industry, financing and refinancing risks, changes in economic conditions, changes in interest rates, changes in taxation rules, reliance on key personnel and potential diversion of management time on the Transaction, environmental matters, risks related to the nature of the Company’s investments and its investment portfolio, tenant risks and dependence on tenants’ financial conditions, fluctuations in commodity prices and other risk factors more particularly described in the Company’s most recently filed annual Management’s Discussion and Analysis, any subsequently filed interim Management’s Discussion and Analysis or the Company’s most recently filed Annual Information Form available on SEDAR+ at www.sedarplus.ca. The anticipated timeline for completion of the Transaction may change for a number of reasons, including the inability to secure necessary regulatory, court, Shareholder or other approvals in the time assumed, third party litigation or the need for additional time to satisfy the conditions to the completion of the Transaction. Additional risks and uncertainties not presently known to the Company or that the Company currently believes to be less significant may also adversely affect the Company.

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Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, results or otherwise, except as may be required under applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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#Terra #Firma #Capital #Corporation #Announces #Definitive #Agreement #Acquired #Transaction #Valued #C46 #Million

Asia Express – Cointelegraph Magazine

Our weekly roundup of news from East Asia curates the industry’s most important developments.

Thailand’s crypto UBI

Thailand has a national airdrop in the works under which every citizen 16 years and older receives 10,000 baht ($285).

According to local news reports on Aug. 30, Thailand’s ruling Pheu Thai party will consult the Bank of Thailand in developing a “utility type 1” token necessary for the airdrop. The solution will be a Know Your Customer blockchain-based infrastructure that sources say will take at least six months to roll out. A 100 baht fee will also be charged per user for the KYC process. In addition, the solution will require the approval of the country’s Securities and Exchange Commission.

Real estate developer and crypto investor Srettha Thavisin was elected as Thailand’s prime minister on Aug. 22. During campaigning, Thavisin promised to give each person 10,000 baht in basic income stimulus via “digital currency” if elected into power. In 2021, Thavisin’s firm, Sansiri, purchased a 15% stake in Thai asset tokenization provider X Spring for 1.6 billion baht ($45.7 million).



The Thailand Development and Research Institute said funding for the Thavisin Airdrop will come from tax collection in the 2024 fiscal year. The total budget estimate for the project is 560 billion baht ($16 billion).

The airdrop will not be equivalent to fiat baht funds, however. Users reportedly can only spend the digitized tokens within four kilometers of their residence. The tokens will only be valid for a period of six months and cannot be converted into cash or used to settle debts. Thavisin’s government is expected to assume office by the end of September.

Thai Prime Minister Srettha Thavisin (Twitter)

Delio users’ assets slashed in half

More bad news is coming for users of troubled South Korean Bitcoin lender Delio. 

According to local news reports on Aug. 30, the South Korean crypto lending giant, which holds over $1.2 billion in Bitcoin and Ether, is expecting a recovery rate of just 50% to 70% on its assets. On June 14, Delio suspended deposits and withdrawals after disclosing significant counterparty exposure to fellow South Korean Bitcoin lender Haru Invest.

On June 13, Haru Invest also suspended deposits and withdrawals after allegations of fraudulent activities arose surrounding its operator, B&S Holdings. Haru Invest is currently in bankruptcy proceedings. Likewise, Delio is currently under investigation by the country’s regulatory authorities for allegations of fraud, embezzlement and breach of trust.The platform previously announced that it would resume withdrawals, although no updates on such a timeline have since been given.

Photo allegedly showing empty Haru Invest corporate offices after the announcement. (Telegram)
Photo allegedly showing empty Haru Invest corporate offices after the shutdown announcement. (Telegram)

Vietnam’s booming crypto market

Vietnam is currently ranked first in the world in crypto adoption, with up to 19% of its population between the ages of 18 and 64 using digital assets.

That’s according to an Aug. 30 report authored by Vietnamese venture capital firms Kyros Ventures and Coin 68, together with Animoca Brands. Currently, the Southeast Asian country is the home to around 200 blockchain projects and is expected to generate $109.4 million in revenue from crypto exchanges this year. The country’s crypto users are forecast to grow to 12.37 million by 2027.

Among the highlights, 76% of Vietnamese crypto users say that they invest in digital assets based on advice from friends, a number 2.5 times higher than individuals surveyed in the U.S. Nearly 70% of respondents said the crypto bear market would last less than one year or has already ended. Almost half of respondents say that centralized exchanges offer just as much utility as decentralized ones, but 90% of crypto owners use decentralized exchanges.

Vietnamese investor perspectives on the ongoing crypto winter (Kyros Ventures)

Binance Japan to list 100 coins

On August 30, Tsuyoshi Chino, CEO of Binance Japan, held an online business briefing discussing the exchange’s domestic expansion strategy. During the session, Chino said that Binance Japan would seek to list 100 coins and tokens “as soon as possible.”

Local news reports note that Binance Japan currently provides spot trading of cryptocurrencies alongside staking “Simple Earn” programs. The use of margin trading is currently not available unless the exchange obtains a regulatory license. The presentation also revealed that its parent exchange, Binance, has surpassed 150 million in user count, with an average daily trading volume of $65 billion.Earlier this year, cryptocurrency exchange Coinbase ceased operations in Japan, citing difficult market conditions.

Read also

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How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

Features

Crypto, Meet Fiat. You Two Should Get A Coffee Sometime

Shenzhen’s 15 million yuan for airdrops

In a government-sponsored conference promoting the digital Chinese yuan central bank digital currency, officials from the City of Shenzhen pledged 15 million digital yuan ($2.1 million) for municipal airdrops over the next three years. Binqquan Wei, vice governor of Agricultural Bank of China Shenzhen, said that the digital yuan has proven during trials to be a highly efficient method for consumer transaction receipts via its immutable distributed ledger technology:

“The platform currently has more than 200 merchants, involving 11 key industries such as education and training, catering, pet services, elderly care and sports.”

China’s central government has been heavily promoting the digital yuan CBDC as a means of stimulating the country’s ailing economy amid a looming recession. In its latest figures, the CBDC has surpassed $123 billion in cumulative transactions since 2021, with test sites running in 17 provinces and 26 districts.

Zhiyuan Sun

Zhiyuan Sun is a journalist at Cointelegraph focusing on technology-related news. He has several years of experience writing for major financial media outlets such as The Motley Fool, Nasdaq.com and Seeking Alpha.

#Asia #Express #Cointelegraph #Magazine

Where in the World Does the UK’s Migrant Workforce Hail?

Immigration has long been a key part of the British workforce. Having had to rebuild after two World Wars, particularly after World War II, the country has often relied on skilled and unskilled workers from overseas.

Of course, much of the propaganda of the successful Brexit campaign was centred on slowing or stopping immigration outright, thus leading to the workforce shortages that we’re experiencing today.

This has even come to the point where the prime minister and leader of the pro-Brexit Conservatives party, Rishi Sunak, has been warned against focussing on reducing immigration numbers. Key industries are lacking staff, and the numbers aren’t coming from the British-born population. So, where has the UK’s migrant workforce hailed in the past, and can we rely upon a post-Brexit system to try to invite more to work here from overseas?

Increased immigration correlating with increased GDP

As has been plotted out by Macro Trends, the UK’s migrant population ranged from 1.6 million in 1960 and grew steadily to 3.65 million by 1990. It’s at this point that migration ramps up. In 1990, migrants accounted for 6.39 per cent of the population. The number grew to 9.84 per cent in 2005, 12.3 per cent in 2010, and 13.2 per cent in 2015. Per the same source, between 1990 and 2015, GDP grew from $1,093.21 billion to $2,934.86 billion.

The GDP almost tripled during a window that the migrant population slightly more than doubled (2.34x). While only making up for around 0.35 per cent of the population at the time, one of the big migrant worker pushes came in the 1950s with the ‘Windrush.’ By 1958, the combined workforce from the Caribbean, India, and Pakistan numbered 180,000. While immigration legislation did start to tighten after the rush, NHS considerations always took precedence.

Prior to Brexit, the open market of the EU was, of course, the main source of migrant work. In 2021, nine per cent of the population, or 6 million people, weren’t UK nationals, and only 3.4 million of them were EU nationals. In 2020, half of the highly educated EU-born migrants to come to the UK were in low to low-medium-skilled jobs. Indian and EU-14 migrants, however, were found to be more likely to achieve high-skilled jobs than UK-born workers.

Paths available to bolster the migrant workforce

Even with the roadblocks put up by Brexit, there are still ways to bring in migrant workers and for immigrants to successfully get to the UK. Working with seasoned immigration lawyers presents the most clear-cut way to file an application for a visa and achieve immigration without any hiccups along the way. For this, drafting the initial application, preparing cover letters, and collating the necessary documentation is done ahead of time, as is pre-empting anything that the Home Office may question on their eligibility checklist.

Services such as this help immigration visa applications go through with mitigated risk of delay or refusal, enabling a more assured approach to hiring skilled workers from abroad. Of course, businesses also have to find workers in the first place. Monster, Indeed, and Reed are well-known job sites that UK employers look through, as is LinkedIn to a lesser extent. Perhaps the best way to go about it is through an agency such as Agency Central.

Immigration continues to be a major part of the British economy, and right now, we need skilled migrant workers, perhaps more than at any time since the 1960s.



#World #UKs #Migrant #Workforce #Hail

AC Motors targets to put up 12 BYD stores 

AYALA Corp.’s automotive unit AC Motors on Thursday announced that it is planning to increase the number of stores of Chinese electric vehicle (EV) company BYD in the country to 12 in the next 12 months.

“This comprehensive BYD dealership roadmap is proof of AC Motors’ commitment to green technologies and confidence in the global powerhouse that is BYD,” it said in a press release.

The company has recently inaugurated its 4,000-square-meter BYD store in Quezon City, the second BYD store in the Philippines. The first one in Makati was operated by Solar Transport and Automotive Resources Corp., the previous local distributor of BYD.

The recently opened store, which is in partnership with Solar Transport, is the largest local BYD store to date and the first one under the stewardship of AC Motors.

“The BYD Quezon Avenue flagship dealership is a testament to the strong partnership of AC Motors and Solar Transport, and our commitment to our valued customers to provide service that they can rely on,” said Mark Andrew Tieng, president and chief executive officer of Solar Transport.

James Ng, general manager of BYD Philippines and Singapore said the opening of the flagship store shows the importance the Chinese company attachés to the Philippine market.

“[It is] also an important step for BYD to deepen its localization in the Philippines, as BYD joins hands with its partners to practice the goal of low-carbon and green life with practical actions. This is a brand-new starting point,” he said.

Earlier this month, AC Motors was appointed by BYD as its official distributor in the Philippines through its subsidiary, Mobility Access Philippines Ventures, Inc. (MAPVI).

“BYD’s presence in the country was already formidable,” said MAPVI President Antonio Zara III. “Thus, we look forward to scaling even bigger heights and bringing the brand closer to even more Filipinos. Building your dreams has never been more attainable, and exciting.” — Justine Irish D. Tabile

#Motors #targets #put #BYD #stores

Investing in India’s financial sector: NBFC firm Visagar sees stake buying by promoter group

Prior to this, the UK-based asset management company Alliance Global Blanco was in talks to enter the Indian financial sector by acquiring a stake in Visagar.

NBFCs exhibited a strong performance in the April-June quarter across all the parameters.



#Investing #Indias #financial #sector #NBFC #firm #Visagar #sees #stake #buying #promoter #group

Google Cloud and El Salvador Partner For Web3 Infrastructure

Google Cloud has announced a seven-year partnership with the government of El Salvador. Scheduled to undergo full legislative scrutiny, the collaboration aims to digitize governmental processes, along with the healthcare and education sectors.

Google Cloud’s Distributed Cloud (GDC) services will also support El Salvador’s Bitcoin adoption initiatives.

“El Salvador is moving forward. We believe technology and foreign investment are key for development,” said Nayib Bukele, the country’s President, on social media.

This engagement marks the first Latin American government to employ cloud technology for state-level digitization. Apart from modernizing general governance, the GDC infrastructure is slated to assist with Bitcoin full nodes and Ordinal Protocol support.

Google Cloud’s Web3 and AI Agenda

Simultaneously, Google Cloud is intensifying its Web3 and artificial intelligence (AI) efforts. James Tromans, Google Cloud’s Engineering Director of Web3, underscored the technology’s potential for data ownership and security.

“Web3 is not so much about keeping your data private,” said Tromans. “[It’s] about owning your data and having more choice in what to do [with it], not necessarily never letting anyone touch your data.”

Google formed its inaugural Web3 team in May of the previous year and subsequently became a transaction validator on several blockchain networks, including Axie Infinity’s Ethereum side-chain Ronin and the Solana network. While Tromans acknowledged blockchain’s economic potential, he also noted skepticism for applications that might be attempting to force-fit Web3 technology where it may not be needed.

“I don’t think AI is going to be the silver bullet,” Tromans added, emphasizing that AI would instead speed up a company’s time-to-market by enabling more efficient productivity tools.

Critics have questioned the appropriateness of hosting Web3 projects on so-called “legacy” platforms like Google Cloud. Tromans counters that Google’s own fiber network enhances, rather than hampers, decentralization.

Future Prospects

The Google Cloud partnership with El Salvador aims to modernize governance and support the country’s ongoing Bitcoin adoption efforts, marking the first such engagement with a Latin American government.

On another front, Google Cloud is amplifying its focus on Web3 and AI technologies, addressing both data ownership and project efficiency. While blockchain and AI technologies offer promising avenues for advancement, they are not without their critics and limitations. Google’s efforts, as noted by Tromans, aim to walk this fine line, using technology where it fits, without attempting to force its application where it does not.

The efforts to digitize El Salvador’s governance and other sectors could set an intriguing precedent for state-level technology adoption. At the same time, Google Cloud’s Web3 and AI initiatives present a layered approach to how emergent technologies might coalesce in real-world applications.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

#Google #Cloud #Salvador #Partner #Web3 #Infrastructure

Bloomberg hires Geary as head of content and audience

I’m delighted to announce that Joanna Geary will join the team next week as our new head of Content & Audience, reporting to me.

Joanna brings to Bloomberg two decades of experience working at the intersection of journalism, technology and product development. She was most recently the senior director of curation and content intelligence at Twitter, now X, and part of its consumer product leadership team. She began her career as a business reporter at the UK’s Birmingham Post, and also led digital initiatives at the Times of London and Guardian newspapers.

Stating the obvious, the content is the product – and we have an enormous opportunity to be the definitive source of news for our users. And so, as part of the News Product, Technology & Publishing group, Joanna will lead our efforts on Terminal content strategy, including content licensing, analysis, curation and engagement. As a member of the senior management team, she will work alongside and in collaboration with Adela Quinones, Monique White, Claudia Quinonez, Tom Terzulli and their teams, COO Lauren Berry as well as our colleagues in Editorial & Research and Engineering. Steve Foxwell and Dan Guest and their teams will report to Joanna.

Please join me in welcoming Joanna to Bloomberg and Core Product.

Thank you.



#Bloomberg #hires #Geary #content #audience

7 Gen Skate Festival is Coming to the PNE Forum in Vancouver, Nov 11-12

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7 Gen is an Evolving Blend of Skateboarding, Indigenous Culture, and Community Events.

Win free tickets by following @7genskate or signing up at 7genskate.com

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VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) — The Generations Skateboard Society proudly announces that 7 Gen Skate Festival is scheduled for November 11-12, 2023, at the iconic PNE Forum in Vancouver. A full weekend of skateboarding, contests, community involvement, and indigenous events, the 7 Gen Skate Festival promises an exciting two-day celebration of skateboarding. Follow @7genskate or sign-up at 7genskate.com to be entered in weekly draws for free tickets!

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The PNE Forum provides a sprawling indoor space for skateboarding. Plus, Vancouver and the PNE have a rich history with skateboarding events, like the Slam City Jam and the Vans Park Series. This year, the festival aims to welcome 5,000-6,000 skaters and fans and bring people together to continue to grow 7 Gen as an annual event and gathering.

7 Gen is dedicated to an all-inclusive skateboarding event that welcomes everyone, and is committed to the representation of indigenous peoples as our spiritual and territorial hosts. The event’s name is inspired by the philosophy of considering the impact on seven future generations and by the seven traditional laws of the Kwantlen First Nation.

2023 Event Highlights Include:

  • Pro Invitational: An all-star roster of both Canadian and international skaters.
  • Open Contests: A platform for all skaters, including best trick battles, and bonus events.
  • After-Party: A live concert, party and skate session.

The weekend event also features a Marketplace, showcasing skateboarding, indigenous and local vendors, Community Activities, featuring skateboarding, art and workshops, and Indigenous-Led Events, including opening/closing ceremonies, blessings, and performances.

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Generations Skateboard Society acknowledges the unceded territories of the Squamish, Tsleil-Waututh and Musqueam Peoples on which we operate. 7 Gen Skate Festival is made possible thanks to support by the Province of British Columbia.

Join the Celebration!

7 Gen is giving away free tickets and prizes every week leading up to the event. To be entered just follow @7genskate on socials and sign up for updates at 7genskate.com. Each one is a separate entry into the weekly draws.

Companies, organizations, and community groups are warmly invited to reach out and explore ways that they can be involved. The PNE Forum provides a massive indoor space in a central location, and 7 Gen is looking for partners to be a part of this year’s event.

Generations Skateboard Society, the driving force behind the festival, is a registered non-profit organization in B.C. Headed by an enthusiastic board that includes Jay Balmer (creative director, former producer of Slam City Jam), Renee Renee (emcee, actor, artist), Brenda Knights (Indigenous Capacity Builder), Kevin Harris (Canada’s First Pro Skater, Powell and Bones Brigade Member), with many other passionate individuals.

For inquiries related to media, sponsorship, partnerships, events, and for brainstorming collaborations, please get in touch!

#Gen #Skate #Festival #Coming #PNE #Forum #Vancouver #Nov