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Monday, January 21, 2019

Wealth disparity gap - Have and Have Nots : the world's wealthiest saw their fortunes increase by $2.5 billion a day in 2018

increase by $2.5 billion a day in 2018

World’s wealthiest saw their fortunes increase by $2.5 billion a day in 2018 says Oxfam -

Saturday, January 19, 2019

Hungary - EU Relations: New ‘tool’ to protect EU budget and uphold EU values

Member states jeopardizing the rule of law or failing to tackle fraud and corruption will risk losing EU funds, according to a draft law endorsed by MEPs of the European Parliament, according to the European Parliamentʼs official website.

Assisted by a panel of independent experts, the EU Commission would be tasked with establishing “generalized deficiencies as regards the rule of law” and decide on measures that could include suspending EU budget payments or reducing pre-financing.

The decision would only be implemented once approved by parliament and council. Once the member state remedies the deficits identified by the EU Commission, parliament and EU ministers could unlock the funds.

The plenary session endorsed the rules by 397 votes to 158, with 69 abstentions. MEPs are now ready to enter negotiations on the final wording of the regulation with EU ministers, who have not adopted their position yet, says.

Read more: New ‘tool’ to protect EU budget and uphold EU values | The Budapest Business Journal on the web |

Wednesday, January 16, 2019

US Government Shutdown: hurting tourist industry - travel implications

Intl. tourists starting to avoid
 visiting US following Govt, shutdown
Not only in the US, but also in bordering countries, the multi million tourist industry is starting to hurt from the Trump Administration government shutdown.

In the Bahamas local business owners warily eye the Trump U.S. government shut down and any potential impact on the tourism industry, fearing a continuation that could lead to a drop in visitor arrivals to the Bahamas, as around 800,000 federal employees await pay.

With the shutdown entering its 26thth day and Friday marking the first missed pay period for these workers across the United States, planning future trips to The Bahamas will be the last thing on their minds.

Similar situations can be seen in Mexico and Canada, which usually attract a lot of US tourists throughout the year.

As the lock-down continues, travelers and tourists visiting the US  are also dwindling.

International Airlines around the world are advising their customers traveling to the U.S. that they arrive at airports at least three hours prior to their scheduled departure time, due to increased processing times and other delays and many tourists have cancelled plans to visit the US.

Airline pilots tell @RealDonaldTrump that the #shutdown is jeopardizing national security — air marshals, TSA, air traffic controllers and more.

The largest association of pilots in the US has also expressed concerns over the safety of the nation’s airspace which it said was being threatened due to the shutdown.

There has not been a blanket order yet to clos,  but National Parks across the US are struggling to remain open without funding to pay rangers. Without staff at the gates, parks are also losing a reported $400,000 a day in entry fees. Many campgrounds and walking trails have had to close due to a build-up of litter and other sanitation issues.

Bottom-line: at this point in time, international and local tourists probably should think twice before planning a trips to and in the US.

Tuesday, January 15, 2019

EU - Economy - EURO: 20th. Anniversary of the EURO - a success story

European parliament marks 20th anniversary of euro

Note Insure-Digest: A success story - 20 years EURO (€) currency. Remember those days before the EURO when driving by car from Holland to France, via Belgium and Germany, and having to exchange Dutch guilders to Belgian francs, German marks and French francs, paying the bank a percentage for each currency exchange they made, and also stopping at each border for custom controls. It is difficult to understand how some people want to go back to those "old days" before the EU and the € .Yes indeed #LoveTheEuro  and #LoveTheEU

Monday, January 14, 2019

USA -Trucking Industry: Here's what could happen in 3 days if truckers stopped working

Trucking moves 71% of the freight in the United States. And if it were to suddenly cease, the effects would be more drastic than you might expect.

A study by the American Trucking Associations outlined what would happen if truckers were to stop working. The effects would hit hospitals, gas stations, ATMs, grocery stores, and even your garbage can.

And, of course, your Amazon Prime packages would be delayed.
Within the first day

Basic medical supplies, like syringes and catheters, would be at risk of running out. Medication for cancer patients that use radiopharmacuticals, which only have a life span of a few hours, would expire.

Read more: Here's what could happen in 3 days if truckers stopped working