Banking – Rodda And Sons http://www.roddaandsons.com/ Thu, 16 Sep 2021 02:23:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.roddaandsons.com/wp-content/uploads/2021/03/cropped-icon-32x32.png Banking – Rodda And Sons http://www.roddaandsons.com/ 32 32 Weekly Cannabis Roundup: Cannabis Company Joins TSX Index https://www.roddaandsons.com/weekly-cannabis-roundup-cannabis-company-joins-tsx-index/ https://www.roddaandsons.com/weekly-cannabis-roundup-cannabis-company-joins-tsx-index/#respond Tue, 23 Mar 2021 05:30:04 +0000 https://www.roddaandsons.com/weekly-cannabis-roundup-cannabis-company-joins-tsx-index/ CBG-O-Acetate Added to Company’s Specialty Molecules Division Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (“Nextleaf”, “OILS” or the “Company”), a federally regulated producer of cannabis oil that holds one of the largest portfolios of US patents for extraction and distillation cannabinoids, is pleased to announce that the United States Patent and Trademark Office has granted […]]]>

CBG-O-Acetate Added to Company’s Specialty Molecules Division

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (“Nextleaf”, “OILS” or the “Company”), a federally regulated producer of cannabis oil that holds one of the largest portfolios of US patents for extraction and distillation cannabinoids, is pleased to announce that the United States Patent and Trademark Office has granted the Company a patent relating to a novel process for the acetylation of cannabigerol (“CBG”) and subsequent refinement of CBG -O-acetate.

Acetylation is an organic esterification reaction, which often uses acetic acid. Examples of acetylated pharmaceuticals include aspirin (acetylsalicylic acid) and diacetylmorphine. The company has previously obtained US and Canadian patents for the acetylation of CBD and THC, and the subsequent refinement of CBD-O-acetate and THC-O-acetate. THC-O-acetate acts as a metabolic prodrug for THC itself and acts chemically in the same way as diacetylmorphine as a metabolic prodrug for morphine.

The company’s latest US patent describes its proprietary production process of modifying the CBG present in cannabis distillate into a prodrug, called CBG-O-Acetate. As CBG-O-acetate is metabolized in the body, the acetate group is removed, allowing CBG to interact with cannabinoid receptors.

“CBG is often referred to as the parent cannabinoid because so many other cannabinoids can be derived from its acidic form,” said the patent author and Nextleaf Solutions CTO Ryan Ko. “This show provides further validation for our specialty molecule development roadmap.”

The Company believes that the CBG-derived prodrug produced under its patented process may have significant potential as a therapeutic product based on research that CBG may be effective in treating inflammation, pain and nausea. Peer-reviewed research also suggests that CBG at higher doses may be of benefit in the treatment of conditions such as Crohn’s disease.1 and cancer2.

Nextleaf holds 16 issued US patents and over 80 issued patents worldwide for the extraction, purification and delivery of cannabinoids, which is the third largest portfolio of patents among all cannabis companies after Canopy Growth and GW Pharma .

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“We are delighted to enhance our US patent portfolio with this new production process, which, together with our licenses from Health Canada, allows Nextleaf to develop and produce truly differentiated cannabinoid products through our Specialty Molecules Division,” noted Nextleaf Solutions co-founder and CEO Paul Pedersen. “To our knowledge, Nextleaf is the first company in the world – publicly traded or privately held – to issue patents for the production of CBG-O-Acetate, a specialty molecule that is not legally available anywhere in the world. “

The purpose of the Specialty Molecules Division is to leverage existing intellectual property (“IP”) and delivery technology from Nextleaf to develop therapeutics protected by intellectual property from new molecules that can provide a therapeutic alternative to opioid-based drugs .

About Nextleaf®

Nextleaf is a federally regulated cannabis oil producer that holds one of the largest US patent portfolios for the extraction and distillation of cannabinoids. Nextleaf supplies cannabis oils to its wholesale customers and distributes consumer products under its award-winning Prohibition-era brand, Glacial Gold ™. Nextleaf’s proprietary automated closed-loop extraction plant in Metro Vancouver has a design capacity to turn 600 kilograms of dried cannabis into oil per day. Nextleaf is developing delivery technology through its research license from Health Canada with sensory evaluation of cannabis via human testing. The company owns 16 US patents and has obtained more than 80 patents worldwide.

Nextleaf Solutions trade like OILS on the Canadian Securities Exchange, OILFF on the OTCQB market in the United States, and L0MA on the Frankfurt Stock Exchange.

Follow Glacial Gold ™ on social platforms: Instagram, Twitter, and Facebook.
www.glacial.gold

Follow the company on social platforms: Twitter, LinkedIn, Facebook, and Instagram.
www.nextleafsolutions.com

For more information please contact:
Jason McBride, Business Development
604-283-2301 (ext. 219)
jason@nextleafsolutions.com

On behalf of the Board of Directors of the Company,
Paul Pedersen, CEO

Certain statements contained in this press release constitute “forward-looking statements”. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s ability to capitalize on its intellectual property portfolio, the strategy, plans, objectives, goals and targets of the Company, as well as any statement preceded, followed or containing the words “believe”, “expect”, “aim”, “intend to” “,” Plan “,” continue “,” will “,” could “,” would “,” anticipate “,” estimate “,” foresee “,” predict “,” plan “,” seek “,” should “or similar or negative expressions thereof, are forward-looking statements. These statements are not historical facts but represent only the expectations, estimates and projections of the Company concerning future events. These statements are not guarantees of performance future and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or expected in these forward-looking statements. Other factors that could cause the results to differ materially. Actual results, performance or achievements include, but are not limited to, the risk factors discussed in the Company’s MD&A for the most recent year. Management provides forward-looking statements because they believe they provide information useful to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Accordingly, all forward-looking statements made in this press release are qualified by these and other cautionary statements or factors contained herein, and there can be no assurance that actual results or developments will be achieved. or, even if they are substantially realized, that they will have the consequences or the expected effects on the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. required. The CSE has not reviewed or approved the contents of this press release.


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Beyond the Boundary: An “Action Replay” You May Like More Than Live Action https://www.roddaandsons.com/beyond-the-boundary-an-action-replay-you-may-like-more-than-live-action/ https://www.roddaandsons.com/beyond-the-boundary-an-action-replay-you-may-like-more-than-live-action/#respond Tue, 23 Mar 2021 05:30:04 +0000 https://www.roddaandsons.com/beyond-the-boundary-an-action-replay-you-may-like-more-than-live-action/ Exuberant fans bursting into thunderous cheers, Australia’s lush cricket grounds, the most popular commentators and the world’s top 10 teams competing for a T20 world title – these might all be familiar images even if you are a casual observer of the game. Now take a closer look; there’s a twist – the players donning […]]]>

Exuberant fans bursting into thunderous cheers, Australia’s lush cricket grounds, the most popular commentators and the world’s top 10 teams competing for a T20 world title – these might all be familiar images even if you are a casual observer of the game. Now take a closer look; there’s a twist – the players donning their team jerseys here are women.

Not every cricket fan would have watched this cricket show when it took place earlier this year, before the coronavirus pandemic swept across the world and disrupted all sports. Looks like years ago, doesn’t it? But you still have a chance. A retrospective documentary on the 2020 ICC T20 Women’s World Cup, held in Australia in February-March 2020, Beyond the border brings to life some of the best crickets of recent times.

This documentary, currently airing on Netflix, is a very clever compilation of game highlights, pre and post-game interviews with players, officials, commentators, but also a few fans. But it was done very meticulously and beautifully.

We won’t give any spoilers here. Either you know and remember what happened during the tournament or you don’t. Whatever your case, you’ll find this 59-minute documentary refreshing. What makes watching this “real thing” more exciting is the presence of fans. The only live cricket action currently taking place between England and Pakistan has this key factor missing. The fan jubilation and their raw, honest emotions that you see in this documentary will definitely make you nostalgic. It will help you remember and relive the pre-coronavirus days when sports were played as they should, with fan noise reverberating around the stadium.

Beyond the border begins with the voice of Ian Bishop welcoming fans to the World Cup. Small video bytes of players from different teams make it easier for viewers into the show before the showdown. There are no stars in this documentary except for Katy Perry. It’s about the players and their performance in a highly competitive atmosphere. The most heartwarming is the Thailand squad, which are playing their first World Cup and welcoming Australia as hosts for their debut. Women in the Land of Smiles, as Thailand is called, make viewers smile every time they appear on screen. They had nothing to lose in this tournament but they brought a lot of energy and positivity.

Heather Knight, Danielle Wyatt, Alyssa Healy, Beth Mooney, Meg Lanning, Harmanpreet Kaur, Poonam Yadav, Shafali Verma all display pure class and talent in the tournament. The documentary progresses in chronological order as the tournament progresses. The stunning footage from the matches and a careful selection of clips are commendable. Credit goes to director-producer Anna Stone for putting player bytes in the right places. Sean Mulcahy’s cinematography will deserve the applause of all cricket fans. Greg Crittenden’s audio work gives you goosebumps at every critical moment in the documentary.

Statements from commentators like Mel Jones, Isha Guha, Anjum Chopra, Adam Gilchrist, Nasser Hussain, Alan Wilkins, Harsha Bhogle and others are all understandably lively and critical.

Rippers are caught, wagons are dropped, hat tricks are missed, quick wickets spin the games, direct hits break stumps, matches fall on the wire, a century without comparison is made, a team s’ suffocates in a very familiar way (those who know, knows), the rain is a spoiler and a world champion is crowned on International Women’s Day.

Commentators are talking about the empowerment of women and how this tournament puts women’s cricket on the sporting map of the world. Katy Perry performs on the last day of the tournament and talks about the players and their progress in the world of sport. Yet what stands out and argues for the empowerment of women is the breathtaking demonstration of the skills of 150 women from 10 teams in 14 days. Words can’t define empowerment as beautifully as a defensive player flying through the air to take a hold, or a senior player maintaining his resolve and consoling a distraught youngster after losing the final.

It all happened in two weeks, and this documentary got all that action and so much more in under an hour. In an age when there isn’t a lot of athletic action, it’s nothing less than six from a free kick. Believe me, even if you watched the whole tournament, you wouldn’t find anything stale here. And if you don’t, well, get ready for something that will make you a fan of female cricket.

And yes, after watching that, it won’t be strange when the commentator says, “She has it!”


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The tanker market could experience huge growth by 2028 with IINO KAIUN KAISHA, Nordic Tankers, Odfjell, Tokyo Marine, Stolt-Nielsen, Navig8 Chemicals and MISC – KSU https://www.roddaandsons.com/the-tanker-market-could-experience-huge-growth-by-2028-with-iino-kaiun-kaisha-nordic-tankers-odfjell-tokyo-marine-stolt-nielsen-navig8-chemicals-and-misc-ksu/ https://www.roddaandsons.com/the-tanker-market-could-experience-huge-growth-by-2028-with-iino-kaiun-kaisha-nordic-tankers-odfjell-tokyo-marine-stolt-nielsen-navig8-chemicals-and-misc-ksu/#respond Tue, 23 Mar 2021 05:30:04 +0000 https://www.roddaandsons.com/the-tanker-market-could-experience-huge-growth-by-2028-with-iino-kaiun-kaisha-nordic-tankers-odfjell-tokyo-marine-stolt-nielsen-navig8-chemicals-and-misc-ksu/ Most tankers transport either crude oil from petrochemical fields to refineries or petroleum products such as gasoline, diesel fuel, fuel oil or petrochemical feedstocks from refineries to distribution centers. Crude tankers are the larger of the two. They transport unrefined crude oil from places where it is extracted from the earth to refineries where it […]]]>

Most tankers transport either crude oil from petrochemical fields to refineries or petroleum products such as gasoline, diesel fuel, fuel oil or petrochemical feedstocks from refineries to distribution centers.

Crude tankers are the larger of the two. They transport unrefined crude oil from places where it is extracted from the earth to refineries where it is transformed into fuel and other products. Due to their immense size, tankers provide an easy and inexpensive way to transport oil over long distances.

Usually each tank has its own cargo lines and pumps to prevent contamination of the cargo. Tanker trucks transport petroleum products such as gasoline, naphtha, kerosene and diesel. These ships are essential for transporting cargo to areas that do not have facilities to refine crude oil.

Request a copy of the report @ https://www.reportconsultant.com/request_sample.php?id=80285

The major players featured in the report include:

IINO KAIUN KAISHA, Nordic Tankers, Odfjell, Tokyo Marine, Stolt-Nielsen, Navig8 Chemicals and MISC.

This appraisal report is an amalgamation of each identifying significant data with unequivocal imperative and current market information that deliberately selects the future improvement prospects of the Marine Transport Vessels Market. This report area further aims to illuminate users’ report on unequivocal unforeseen developments and dire consequences of an astonishing scene, for example, the global pandemic which has clearly resulted in unmatched repercussions in the market.

This report is very well recorded to introduce a crucial explanatory investigation influencing the oil tanker market amid the COVID-19 shock. The report is thus intended to lend flexible understanding on different market influencers incorporating exhaustive consideration of boundaries just like open door planning which together choose the future development direction of the market. In light of the expectation of the COVID-19 pandemic, this carefully crafted research offering is in its final stages with continued market improvements, as are the challenges that together have a substantial impact on the overall direction of the market. development of the Oil tanker market.

Market report segment

Filed under

  • Ultra Large Crude Carrier (ULCC), Very Large Crude Carrier (VLCC), Suezmax, Large Range 2 (LR2), Large Range 1 (LR1), Medium Range 2 (MR2), Medium Range 1 (MR1), Intermediate petroleum and small oil tanker.

Fluid type

  • Vegetable oil, fuel, crude oil, LPG, LNG, CNG, wines, molasses and fresh water.

In addition to presenting an insightful overview of historical and current market specific developments inclined to aid a future-ready business decision, this well-compiled research report on the Tanker Market also presents essential details on various best industry practices including SWOT and PESTEL analysis to properly locate and maneuver the scope of benefits.

Therefore, to enable and influence a flawless market-specific business decision, aligning with industry best practices, this market-specific research report also provides a systematic overview of vital growth triggers comprising of Market opportunities, obstacles and lingering challenges of the market, also presenting a comprehensive perspective of the various drivers and threats that end up influencing the growth trajectory of the Oil Tankers market.

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The geographic segmentation of tankers includes:

– North America (United States, Canada, Mexico)

– Europe (UK, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)

– Asia-Pacific (China, Japan, South Korea, ASEAN, India, rest of Asia-Pacific)

– Latin America (Brazil, rest of LA)

– Middle East and Africa (Turkey, CCG, Rest of Middle East)

Some major points of the COT:

Chapter 1. Presentation of the report

Chapter 2. Growth trends

Chapter 3. Market Share by Major Players

Chapter 4. Data breakdown by type and application

Chapter 5. Market by End-users / Application

Chapter 6. COVID-19 outbreak: impact on the tanker industry

Chapter 7. Analysis of opportunities in the Covid-19 crisis

Chapter 9. Driving force of the market

And more…

In this latest research post, a comprehensive overview of the current market scenario has been presented, with the aim of helping market players, stakeholders, research analysts, industry veterans and others to borrow money. insightful clues to this ready-made market research report, thus influencing definitive business discretion. The report in its following sections also presents a detailed overview of the competition spectrum, profiling key players and their thoughtful business decisions influencing the growth of the Tanker market.

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Small business owners struggling with the loan application process :: WRAL.com https://www.roddaandsons.com/small-business-owners-struggling-with-the-loan-application-process-wral-com/ https://www.roddaandsons.com/small-business-owners-struggling-with-the-loan-application-process-wral-com/#respond Tue, 23 Mar 2021 05:30:02 +0000 https://www.roddaandsons.com/small-business-owners-struggling-with-the-loan-application-process-wral-com/ By Mandy Mitchell, WRAL reporter, & Rick Smith, WRAL TechWire editor Raleigh, North Carolina – Small business owners struggle to complete the paycheck protection program loan application process. The $ 350 billion program, part of the massive federal stimulus package to help the struggling US economy weather the pandemic, provides loans to small businesses affected […]]]>

– Small business owners struggle to complete the paycheck protection program loan application process.

The $ 350 billion program, part of the massive federal stimulus package to help the struggling US economy weather the pandemic, provides loans to small businesses affected by the coronavirus outbreak to help them keep workers on the payroll.

“Lots of complaints about not being able to submit – either because their bank is not ready, other banks only accept current customers or mixed information shared online,” said Lewis Sheats, vice president entrepreneurship assistant at North Carolina State University. in an email.

Rich Baldyga, who owner of Monster Tree Service in the Triangle, said he managed to send a request to his bank, Wells Fargo, on Saturday just before the bank stopped taking requests.

“Now we are waiting again and we don’t know if there is anything to do,” Baldyga said on Monday. “I went to my Wells Fargo account on my website today just to see if there was an update or a message, but nothing at the moment.”

Wells Fargo can no longer accept applications due to a $ 10 billion loan limit. The Federal Reserve capped the bank’s lending as punishment for opening fake accounts in 2018.

In contrast, Charlotte-based Bank of America had processed 177,000 requests for a total of $ 32.6 billion as of Monday morning.

“We have been told that a number of small businesses have encountered issues with the small business lending process,” said Rick Smith, editor of WRAL TechWire. “Now that’s not surprising considering its size and how quickly it was launched.”

Most of the major banks began the process on Friday, a week after President Donald Trump enacted the $ 2.2 trillion stimulus package.

“What I’ve been told is that the blockage is not on the small business administration side but on the banking side, where they have to put all the i’s and cross the t’s to make sure that all information is legitimate, ”Smith said. .

Scot Wingo, a serial investor who is now managing director of auto maintenance startup Get Spiffy, said the company’s car washes have been closed for more than a week.

“We were only able to submit it today,” Wingo said of his loan application. “The bank is behind the technology to handle this is our understanding.”

“Pissed off, rage, shock – all of the above,” said Tobi Walter, member of the investment team at Cofounders Capital, a Cary venture capital firm, in characterizing the reactions of startups who applied for loans. the U.S. Small Business Administration’s Disaster Loan or Paycheck Protection Program.

Some Wells Fargo customers applied, continued to “freshen up” when the bank made its web portal available, gave up, then later found out that Wells Fargo had briefly opened the portal, but the $ 10 billion available were already committed, Walter said.

The SBA has also changed some of the criteria for disaster loans and told applicants to reapply, he added.

All this clutter just means no more waiting for people like Baldyga.

“I am difficult to plan as a business owner,” he said. “The unknown is a little frustrating.”


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Napa Council May Vote on Grocers’ Risk Premium Order April 6 | Local News https://www.roddaandsons.com/napa-council-may-vote-on-grocers-risk-premium-order-april-6-local-news/ https://www.roddaandsons.com/napa-council-may-vote-on-grocers-risk-premium-order-april-6-local-news/#respond Tue, 23 Mar 2021 05:30:02 +0000 https://www.roddaandsons.com/napa-council-may-vote-on-grocers-risk-premium-order-april-6-local-news/ Employees at the American Canyon grocery store will receive a risk premium of $ 5 per hour due to the pandemic. If the board chooses to immediately apply the hero pay rule, the increases will remain in effect until August 4. The decision to raise salaries for grocers has become one of the highlights of […]]]>

Employees at the American Canyon grocery store will receive a risk premium of $ 5 per hour due to the pandemic.

If the board chooses to immediately apply the hero pay rule, the increases will remain in effect until August 4.

The decision to raise salaries for grocers has become one of the highlights of Napa’s annual council goal setting process, which began with a two-day workshop in February and sets out the city’s top priorities for l ‘year. At their March 16 meeting, board members expressed support for such a move, following the end of the hero pay bonuses they extended in the early months of the pandemic last year. .

“Chain store employees should be compensated fairly for their work during the pandemic, and I want to move quickly on this,” board member Mary Luros said last week on the need to compensate workers for the risk of harm. infection that will persist in the months leading up to COVID- 19 vaccinations protect a larger part of the population.

Salary increases for grocery store workers were approved in various cities in California this year, including Los Angeles, Long Beach, San Jose and Berkeley.

Napa council to explore 'hero pay' ordinance for essential city workers during pandemic

Napa is considering joining other California cities in temporarily raising wages for grocers at higher risk of contracting COVID-19.

The other goals that the Napa council is expected to consider on Tuesday will fall into six categories, including a new one of fostering greater diversity and fairness, in response to the wave of anti-racism protests in 2020 that hit Napa after the death of George Floyd during an arrest by the Minneapolis police. On the board’s slate is a proposal to emphasize linguistic equity for Spanish speakers in Napa by making the city’s communications, meetings and announcements more widely available and culturally competent.


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AstraZeneca shot at 79 percent efficiency in tests in the United States, Chile and Peru | Coronavirus pandemic News https://www.roddaandsons.com/astrazeneca-shot-at-79-percent-efficiency-in-tests-in-the-united-states-chile-and-peru-coronavirus-pandemic-news/ https://www.roddaandsons.com/astrazeneca-shot-at-79-percent-efficiency-in-tests-in-the-united-states-chile-and-peru-coronavirus-pandemic-news/#respond Tue, 23 Mar 2021 05:30:02 +0000 https://www.roddaandsons.com/astrazeneca-shot-at-79-percent-efficiency-in-tests-in-the-united-states-chile-and-peru-coronavirus-pandemic-news/ The data paves the way for the company, which has been implicated in an EU security line, to seek US approval for its COVID-19 jab. AstraZeneca claims the COVID-19 vaccine it developed in cooperation with the University of Oxford was 79% effective in preventing symptomatic illness, a large trial in the United States, Chile and […]]]>

The data paves the way for the company, which has been implicated in an EU security line, to seek US approval for its COVID-19 jab.

AstraZeneca claims the COVID-19 vaccine it developed in cooperation with the University of Oxford was 79% effective in preventing symptomatic illness, a large trial in the United States, Chile and Peru leading the way at his long-awaited request for US approval.

The vaccine was found to be 100% effective against serious or critical illnesses and hospitalizations and was safe, the drugmaker said on Monday, as it released the results of the human trial study at an advanced stage of over 32,000 volunteers from all age groups.

The study found the vaccine to be effective at all ages, including the elderly, about which previous studies in other countries had raised concerns.

Although AstraZeneca’s vaccine has been licensed in more than 50 countries, it has yet to be given the green light in the United States.

It will also help allay safety concerns that disrupted its use in the European Union after a small number of cases of rare blood clots in people who received the injection were reported.

After more than two dozen countries briefly halted its use, many European countries resumed using the vaccine in their immunization programs after a regional regulator declared it safe, while several country leaders also take the vaccine to build confidence.

“No increased risk” of blood clots

AstraZeneca said that an independent safety committee performed a specific examination for blood clots in the US trial, as well as cerebral venous sinus thrombosis (CVST), which is an extremely rare blood clot in the brain, with l help from an independent neurologist.

The London-listed company said the panel found “no increased risk of thrombosis [the process of a blood clot forming] or events characterized by thrombosis among the 21,583 participants receiving at least one dose of the vaccine. The specific search for CVST did not find any events in this trial ”.

The data will be prepared to seek approval from the U.S. Food and Drug Administration (FDA), Oxford University professor Sarah Gilbert told BBC radio. Preparation will take a few weeks, she added.

The United States has ordered 300 million doses of the vaccine and has come under pressure to share the doses manufactured in the country before FDA approval.

The White House said last week that the United States currently has 7 million “releasable doses” of the vaccine and is in the process of making deals to “loan” 2.5 million doses to Mexico and 1 , 5 million doses in Canada in the near future.


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How to get pre-approved for a mortgage in 2020 https://www.roddaandsons.com/how-to-get-pre-approved-for-a-mortgage-in-2020/ https://www.roddaandsons.com/how-to-get-pre-approved-for-a-mortgage-in-2020/#respond Tue, 23 Mar 2021 05:30:01 +0000 https://www.roddaandsons.com/how-to-get-pre-approved-for-a-mortgage-in-2020/ If you want to get rid of stress get a mortgage, getting pre-approved for a mortgage is the way to go. Since studies show that 40% of mortgage buyers find the home buying experience stressful, another 33% say the experience makes them cry, it’s amazing that more homebuyers don’t get pre-approved for a mortgage first. […]]]>

If you want to get rid of stress get a mortgage, getting pre-approved for a mortgage is the way to go.


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Exro has been shown to dramatically increase the performance of e-bikes in independent field tests https://www.roddaandsons.com/exro-has-been-shown-to-dramatically-increase-the-performance-of-e-bikes-in-independent-field-tests/ https://www.roddaandsons.com/exro-has-been-shown-to-dramatically-increase-the-performance-of-e-bikes-in-independent-field-tests/#respond Tue, 23 Mar 2021 05:30:01 +0000 https://www.roddaandsons.com/exro-has-been-shown-to-dramatically-increase-the-performance-of-e-bikes-in-independent-field-tests/
  • Motorino Electric validates the performance improvement of electric bikes with Exro Coil Driver technology

  • Breakthrough for the future of advanced bicycle technology and micro-mobility applications

  • Focus on commercial product strategies until 2021

CALGARY, AB / ACCESSWIRE / October 7, 2020 / Exro Technologies Inc. (TSXV: EXRO) (OTCQB: EXROF) (the “Company”), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, is pleased to ‘announce that third-party tests have proven its patented Coil Driver technology significantly improves the performance of electric bikes.

Motorino Electric (“Motorino”), the Vancouver-based manufacturer and distributor of electric bikes and motorcycles, has tested Exro’s technology through 2020 against a standard electric bike in the field. Tests revealed that the Exro improved electric bike saw its performance increase by over 20%, and up to 50% under climbing conditions. Exro will now begin negotiations on a commercial product for 2021.

“The Exro improved e-bike performed up to 50% better under climbing conditions in testing,” commented Steve Miloshev, Founder and CEO of Motorino. “The Exro was significantly more advanced for going up hills in particular, it maintained high and constant torque and speed immediately from start to hill tops. Our standard e-bikes were not up to par when riding. a run through Vancouver. “

Exro’s Coil Driver technology can be added to an electric vehicle powertrain to make electric motors faster, more powerful and smarter. E-bike field test results now indicate that Exro can transform the rapidly growing e-bike and e-scooter market, which Allied Market Research reports will exceed $ 23 billion by 2025.

“This is an incredible breakthrough not only in electric bicycle technology, but also for micro-mobility applications,” said Sue Ozdemir, CEO of Exro. “We couldn’t be more excited. This changes the model for improving the performance of e-bikes and other micro-mobility applications, to ensure that we make more use of the energy we put into batteries. I can’t wait to move on to product marketing. for the next year.”

About Exro Technologies Inc.
Exro is a Clean Tech company that has developed a new class of control technology for electric powertrains. Exro’s advanced motor control technology, our Coil Driver, extends the capabilities of electric motors and powertrains. The Coil Driver allows two separate torque profiles in a given motor. The former is calibrated for low speed and high torque, while the latter offers extended operation at high speed. The ability to change the configuration allows efficiency optimization for each operating mode, resulting in overall reductions in energy consumption. The controller automatically and transparently selects the appropriate configuration in real time so that torque demand and efficiency are optimized.

The limitations of traditional electrical machines and energy technology are becoming increasingly evident. In many increasingly important applications, traditional methods cannot achieve the required performance. This means either oversizing the equipment, adding additional motors, or implementing heavy mechanical gear solutions. Exro offers a new system optimization solution through the implementation of its technology that can deliver the following results: increased driving cycle efficiency, reduced system volume, reduced weight, increased torque and speed capabilities. Exro allows the app to do more with less energy consumed.

For more information, visit our website at www.exro.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Sue Ozdemir
Chief Executive Officer

CONTACT INFORMATION
Canada: Jake Bouma
Vice President of Investor Relations
604-317-3936

United States: Vic Allgeier
TTC Group Inc.
646-841-4220

Email: info@exro.com

CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terms such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations. of these words, or statements that certain actions, events or results “may”, “could”, “would”, “could”, “would be taken”, “occur” or “be achieved”. Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company with the Canadian securities regulatory authorities, which could cause actual results to, performance, outlook and opportunities differ materially from those expressed forward-looking statements. Although the Company believes that the assumptions and factors used in the preparation of these forward-looking statements are reasonable based on information currently available to management at the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which apply only as of the date of this press release, and no guarantee can be given that such events will occur within the time limits disclosed or as of the date of this press release. all. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THE SOURCE: Exro Technologies Inc.

See the source version on accesswire.com:
https://www.accesswire.com/609465/Exro-Proven-to-Dramatically-Increase-Performance-of-Electric-Bikes-in-Independent-Field-Tests


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Wells Fargo sold assets to stay under Fed asset cap: report https://www.roddaandsons.com/wells-fargo-sold-assets-to-stay-under-fed-asset-cap-report/ https://www.roddaandsons.com/wells-fargo-sold-assets-to-stay-under-fed-asset-cap-report/#respond Tue, 23 Mar 2021 05:30:00 +0000 https://www.roddaandsons.com/wells-fargo-sold-assets-to-stay-under-fed-asset-cap-report/ Recent results The bank reported his first quarterly loss since 2008 on July 14, with its loan loss provisions increasing sharply to $ 8.4 billion due to the coronavirus pandemic. Wells Fargo lost $ 2.4 billion, or $ 0.66 per share, against profits of $ 6.2 billion, or $ 1.30 per share, a year ago […]]]>

Recent results

The bank reported his first quarterly loss since 2008 on July 14, with its loan loss provisions increasing sharply to $ 8.4 billion due to the coronavirus pandemic.

Wells Fargo lost $ 2.4 billion, or $ 0.66 per share, against profits of $ 6.2 billion, or $ 1.30 per share, a year ago and $ 653 million, or $ 0.01 per share, in the first quarter.

Its total revenue was $ 17.8 billion in the second quarter, up slightly from $ 17.7 billion in the first quarter, but down from $ 21.6 billion in the quarter. last year.

The bank’s financial advisor workforce fell to 13,298, down from 13,450 as of March 31, and down from 13,723 a year ago. (The bank had 15,086 registered representatives September 30, 2016, when he started making headlines for his fake accounts scandal.)

The net income of the patrimonial unit plunged 70% from a year ago to reach $ 180 million in Q2’20.

Wells Fargo CEO Charlie Scharf said the bank will start cutting costs in the second half of 2020 and plans to cut spending by at least $ 10 billion. “This cannot continue,” Scharf said after the bank released its second quarter results.

The bank, which has some 266,000 employees, aims to cut thousands of jobs from this year.

– To verify Senator Warren questions Wells Fargo again on ThinkAdvisor.


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Banks Must Take Belt and Road Environmental Risks Seriously | Reviews | Eco-Enterprise https://www.roddaandsons.com/banks-must-take-belt-and-road-environmental-risks-seriously-reviews-eco-enterprise/ https://www.roddaandsons.com/banks-must-take-belt-and-road-environmental-risks-seriously-reviews-eco-enterprise/#respond Tue, 23 Mar 2021 05:30:00 +0000 https://www.roddaandsons.com/banks-must-take-belt-and-road-environmental-risks-seriously-reviews-eco-enterprise/ China’s Belt and Road Initiative (BRI) aims to catalyze the economies of countries around the world. Yet the BRI’s projects straddle some of the most environmentally sensitive places on the planet. The multibillion-dollar initiative – to build transcontinental networks of roads, railways and ports, dotted with dams, mines, power plants, and solar and wind farms […]]]>

China’s Belt and Road Initiative (BRI) aims to catalyze the economies of countries around the world.

Yet the BRI’s projects straddle some of the most environmentally sensitive places on the planet. The multibillion-dollar initiative – to build transcontinental networks of roads, railways and ports, dotted with dams, mines, power plants, and solar and wind farms – is having its environmental impacts. These include air and water pollution, soil contamination and erosion, loss of habitat and wildlife.

For project developers and funders, the inability to manage these impacts can translate into regulatory and reputational risks. They must therefore take mitigation seriously.

Risks faced by developers can include sanctions, lawsuits, and backlash from communities causing project delays and even closures. According to a 2018 study, 14% of BRI projects in 66 countries faced some kind of local pushback.

Problematic projects

At the Myitsone Dam in Myanmar, Chinese developers and investors faced a worst-case scenario, locking in funds indefinitely after the dam was suspended mid-construction for environmental reasons. Fishing communities feared that the project would jeopardize their livelihoods and hamper upstream fish migration to spawning grounds.

The dam was dropped after sustained local and international opposition, leaving China Power Investment Corporation (CPI) and investor China EXIM Bank in limbo.

A dam in Indonesia’s Batang Toru rainforest funded by the Bank of China (BOC) has also been the subject of significant local and international opposition and litigation because it threatened the only habitat of rare species and Critically Endangered Tapanuli Orangutan. Cambodia proposed Sambor Dam, dubbed an impending environmental disaster for the Mekong River, faces similar problems.

Pressures on state banks

Environmental risks can spill over and affect project funders. They may face payment defaults or be forced to withdraw funding when they have failed to preemptively control projects or ensure risk management during implementation. For example, relentless opposition from environmentalists forced BOC to reassess its funding at the Batang Toru Dam last year.

Six Chinese public banks (CDB, CHEXIM, BOC, ICBC, ABC, CCB) have would have provides over 90 percent of the BRI’s funding, exposing them to disproportionate financial risk related to the BRI’s environmental impacts.

According to a 2018 study, 14% of BRI projects in 66 countries faced some sort of local pushback.

How green are the Belt and Road?

  • 91 percent of energy sector loans to BIS countries went to the fossil fuel industry in 2014-2017.
  • China has committed or offered to finance A quarter of the world’s coal-fired power plants being developed outside the country.
  • BIS countries, excluding China, represent 26 percent of global CO2 emissions. This could reach 50% by 2050 in the worst case.

Another problem is that many BRI projects have a weak business case and are implemented in some of the world’s most difficult governance regimes. China continues to sponsor state projects that have failed to attract private investors.

The underlying hope, according to Minyuan Zhao, associate professor of management at Wharton, University of Pennsylvania, is that the global connectivity and business boost provided by the BRI will make it commercially. profitable overall. This strategy could backfire since China’s state-owned banks are already grappling with non-performing loans. Bad debt problem likely to worsen, with many BIS flagship projects hitting roadblocks, many of them through poor environmental management.

It is clear that BIS donors are putting in place strong risk management frameworks incorporating environmental safeguards – something that multilateral development banks (MDBs) such as the World Bank have developed in response to similar risks. .

Decades of experience in implementing these safeguards have helped MDBs develop good practices in environmental impact assessment and mitigation. For example, the International finance corporation Performance standards require clients to have mitigation plans that ensure net gains in biodiversity where critical habitat is affected by a project.

Positive signs

Chinese regulators and policymakers are now paying more attention to the environmental aspects of risk management. For example, in article 21 of its Green Credit Guidelines The China Banking Regulatory Commission (CBRC) has called on Chinese banks to ensure that their customers align with international best practices when operating overseas.

Hopefully these guidelines will give more impetus to BIS funders to take environmental impacts seriously as part of their risk management policies.

Chinese banks are also increasingly co-financing projects alongside MDBs with the apparent aim of mitigating reputational risks. However, such partnerships need to be deepened with more rigorous application of MDB risk management frameworks.

While most MDBs have the highest credit ratings from international rating agencies, indicating a high capacity to meet their financial commitments, most Chinese banks have a high degree of credit rating. lower notes. Strong risk management frameworks can go a long way in strengthening the credit profiles of Chinese banks.

In addition, explicit and binding environmental guarantees will ensure greater debt sustainability for BRI projects. This will help mobilize private and international funding for the BRI, which has so far stayed weak.

Divya Narain is a doctoral candidate at the University of Queensland, studying biodiversity conservation as part of China’s Belt and Road Initiative (BRI). This article was originally published on chinedialogue.

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