Income Baskets – Basket Village USA Tue, 11 Jan 2022 08:27:11 +0000 en-US hourly 1 Income Baskets – Basket Village USA 32 32 Financial Inclusion Lab announces fifth cohort of startups developing innovations for the under-served Tue, 11 Jan 2022 07:40:52 +0000

The Financial Inclusion Lab is an acceleration program of the Bharat Inclusion Initiative of CIIE.CO, supported by the Bill & Melinda Gates Foundation, JP Morgan, the Michael & Susan Dell Foundation, the MetLife Foundation, the Omidyar Network, and executed in collaboration with MSC Consulting. The lab identifies and supports startups that improve the financial health of low-income communities through mentorship, market research, access to networks, capital, and other supports to build and scale their solutions.

Over the past three years, the lab has supported 33 startups across four cohorts that have served a total of more than 20 million clients and raised more than $ 50 million in funding since their participation in the lab. For its fifth cohort, the Lab selected nine startups building inclusive solutions for low and middle income segments. These startups work on credit, savings, insurance, health, market access and associated technology-driven financial solutions that benefit underserved segments such as farmers, artisans, temporary workers. , micro-entrepreneurs and mobile phone users.

Startup Details

Credit Haat: A A technology platform that brings together multiple lenders (fintechs and NBFCs) that can serve users of all categories, and an assisted operations model to help users complete the loan application process. The platform helps users obtain loans from $ 6.50 to $ 13,000, with features that enable low and middle income segments of India to access formal credit, especially in small towns. . The platform has over 500,000 registered users, the majority of whom are not in the top 6 cities.

CreditHaat operates in a B2B fashion by allowing partners to integrate its “service” (technology, operations and lender relationships), to offer credit to their users / employees. One of these implementations is to offer CreditHaat as a platform for agents (sahayaks) to generate income by helping people within their social networks get loans.

Team: Tanuj Sinha, Awdhesh Tiwary

Qonect: One digital health platform that provides services like instant medical loans, digital health cards for instant drug and medical bill discounts, electronic lab test reports, insurance claims assistance and other health-related services.

The Manipur-based startup is currently dealing with an underserved region of northeast India, which has one of the weakest health insurance penetrations in the country. Most of the e-pharmacy and medical loan players have a negligible presence in this region.

Team: Lian Thangvung, Binod Mutum

FLYK: FLYK has developed the concept of Combined Liability Network which is used with alternative data to provide individual short term loans to its members. Such a mechanism links a member’s credit services to the credibility and repayment behavior of its global network. Additionally, FLYK’s mobile app guarantees a fully digital loan journey and has completed over 1,200 credit cycles in the past year.

By combining alternatives with data on share capital, FLYK is able to offer larger loans at lower interest rates. Its community-based approach to credit underwriting inherently increases the number of points of contact with customers, which improves product knowledge, increases FLYK’s reach and dramatically reduces acquisition costs and defaults.

Team: Apratim Ganguli, Prafful Jagtap, Akshay Patil

MissCallPay: A Voice-based UPI payment interface using multifunction phone without the presence of hardware terminals such as POS or QR code, internet or proximity to merchant / recipient. Currently, half a billion Indians use multifunction phones. They can only talk or listen, so it becomes difficult for them to read the instructions when making payments.

Using the MissCallPay app, a user can transact in 12 local languages ​​without proximity by placing a missed call on a merchant-specific virtual phone number and then receiving a reminder to enter the amount and PIN UPI. Previously, the startup was a winner of the NPCI Grand Challenge for payments by phone.

Team: Mitesh Thakker, Harshil Shah

Mool: The middle income segment with an annual income of Rs 2 to 5 lakh does not have access to the right financial products or information about the right financial products that can increase their wealth and suffers from expensive unsecured lending practices.

Mool is a multilingual application that provides savings and investment, credit and insurance solutions to the low and middle income segment. Mool distributes the incoming funds into different baskets such as savings accounts, liquid funds, insurance and long-term investments according to the needs and requirements of each user. They have kirana store pickup points and built-in financial education content to increase awareness of financial health and wellness. Currently, Mool has 350 approved users and has partnered with various banks to provide these financial services.

Team: Abhinav Nayar, Karan Bharadwaj is developing a digital platform for preferred local language users to benefit from digital financial services via their mobile and help micro-lenders. They aim to digitize the overall operations of MFIs that are currently working with lower profit margins, lack the resources to invest in technology, and are primarily driven by a huge workforce.

The startup plans to have a loan application based on the local language and voice user interface for micro-borrowers and a web platform for micro-lenders that allows them to manage the borrower profile, add alternative data for underwriting, integrating the credit score and also providing analysis on the loan. by default via their AI.

Team: Kapil Patil, Swati Sinha

Arboreum: Arboreum enables access to affordable formal credit for underserved credit markets using the structure and data of supply chain networks.

Currently targeting small and marginal farmers, Arboreum offers a scalable, anchored funding model through its credit union-as-a-service model leveraging the concepts of social responsibility and microfinance.

Team: Gaurav Singhal, Vishal Hemrajani

Grey matter: Greymatter provides affordable finance and access to quality agricultural inputs to smallholder farmers, through the panchayat-level community finance and trade model.

Greymatter works with suppliers of agricultural inputs and networks of small farmers. It acts through the village councils (panchayat) on an innovative trade and finance model to provide smallholder farmers with access to affordable credit and quality agricultural inputs. This enables beneficiaries to receive quality agricultural input products and services that are otherwise not available to them due to the fragmentation of demand in rural areas.

Team: Neetesh Singh Thakur

Yes ! Poho: One Digital platform based on social engagement where content, social interaction and personalization converge to deliver products based on individual tastes and preferences, with the aim of enabling increased incomes and better socio-economic conditions for craftsmen.

The startup gives artisans links to the market and information that allows them to better understand customer preferences and demand. For customers, it offers unique features like personalization, virtual trials, and assisted shopping that build trust and improve the overall experience at significantly lower prices.

Team: Raghuram Kuchibhatla, Meenakshi Dubey

About BII and the Financial Inclusion Lab

Launched in 2018 by CIIE.CO of IIM Ahmedabad, the Bharat Inclusion Initiative (BII) helps tech entrepreneurs through the pre-incubation, seed and scale-up phase to develop inclusive solutions. The initiative includes fellowships, sprints, incubations, accelerators, seed funds and other support programs to create a conducive end-to-end ecosystem that brings inclusive, for-profit businesses to life. .

The Financial Inclusion Lab, a key part of the Bharat Inclusion Initiative, offers personalized and differentiated support to each startup, which includes prototype capital, mentorship by distinguished practitioners and industry experts, opportunities for partnership with financial and other organizations, training hosted by faculty members and experts from IIM Ahmedabad, access to scale-up capital through the Bharat Inclusion Seed Fund, cloud credits, legal services, marketing and other ancillary services. MSC Consulting, an international financial inclusion consultancy, provides startups with high-quality advice and insight into low and middle income segments.

5 investment tips for a good start to 2022 Sun, 09 Jan 2022 12:36:00 +0000

A a lot of people have decided to invest more in 2022. If you’re one of them, that’s a great goal to aim for. And these tips could help you get the most out of that effort.

1. Don’t fear a stock market crash – prepare for a stock market crash

Rumors were circulating that stocks would collapse in 2022 even before the start of the year, fueled in large part by the emergence of the always intimidating omicron variant. But so far, stock values ​​don’t seem too affected by omicron and the general outbreak of COVID-19.

Moreover, even though we are On the way to a stock market crash this year, wasting energy on getting nervous won’t do you any good. Instead, focus on things you can do to get through a recession unscathed, like increasing your emergency fund and making sure your portfolio is nice and diverse.

Image source: Getty Images.

2. Tap into the power of the vast market

We don’t know which sectors of the market will thrive this year, and which will experience the opposite. What we To do Be aware that while supply chain bottlenecks have eased from where they were a few months ago, omicron has the potential to shut down factories and transportation systems both nationally and nationally. abroad. And so it is difficult to determine what impact, if any, this will have on the value of the shares.

That is why a good bet is to invest in the large market this year. You can do this by loading on S&P 500 ETF.

3. Look at dividend-paying stocks

The great thing about dividend stocks is that they tend to keep paying investors even when stock prices go down. Having dividend-paying stocks in your portfolio is a good way to protect yourself against a market downturn. And it’s also a great way to ensure a regular income that you are free to reinvest.

4. Proceed with caution when buying cryptocurrency

Many investors have had great success with cryptocurrency, and even if you’re new, you might follow in their footsteps. But one thing you should know is that cryptocurrency is very risky.

On the one hand, cryptocurrency has only been around for a little over a decade. Compare that to publicly traded companies that have been around for over 100 years, and it’s easy to see why the idea of ​​owning digital coins can be unsettling.

In addition, we do not know the regulations in force in the world of crypto. But if changes occur that make cryptocurrency less tax-attractive, it could lower the value of your digital coins.

This is why it is worth slowing down when it comes to buying cryptocurrency. If you haven’t really tried it yet, start by investing a small percentage of your money and see how you fare rather than going all the way.

5. Take advantage of as many tax advantages as possible

The advantage of investing in a traditional brokerage account is having unlimited access to your money and not having to worry about things like annual contribution limits. But if you plan to invest more this year, it pays to do so in a tax-efficient manner. And that means capitalizing on retirement plans like 401 (k) and IRAs.

Another one less known way to invest in a tax-efficient way? An HSA. While HSAs are limited to savers enrolled in high-deductible health insurance plans, they actually get a triple tax advantage and their funds never expire. This means that the money you invest in an HSA today will be accessible in 20, 30 or 40 years, once it becomes a much larger amount.

Speeding up investing is a great idea for 2022. Follow these tips to maximize your wealth building potential.

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Passive ETFs fall prey to opportunistic traders Sat, 08 Jan 2022 01:02:01 +0000

EExchange-traded funds are known for their transparency, allowing investors to instantly know what exactly they are investing their money in. However, this full disclosure of the underlying holdings also comes at a cost, as pioneers were able to capitalize on quarterly rebalances at the expense of these transparent ETFs.

According to academic research, U.S. index funds lose $ 3.9 billion annually by following predictable, rule-based indexing methodologies that are exploited by opportunistic market participants, the Financial Time reports.

“The cost of negotiating mechanical rebalancing is high in many ways. This is comparable to the total management fees charged by ETF managers, ”Sida Li, a PhD student at the University of Illinois and author of the article, told the Financial Times.

The research was based on the regular, usually quarterly, rebalancing that passive ETFs perform to ensure that strategies stay aligned with the changing composition of their underlying index components.

Since passive ETFs adhere to a strict rule-based indexing methodology, market traders know what changes are going to occur before the rebalance date. Therefore, there is a window of opportunity to anticipate or capitalize on trades that they know rule-based ETFs need to make.

The potential for front running is made particularly easy because Li pointed out that the majority of US-listed equity ETFs not only announce their rebalances in advance, but also execute trades at the 4:00 p.m. close on rebalance days. the stipulated index.

As a result, research has found that the prices of stocks bought by ETFs rise on average by 67 basis points during the five trading days before their rebalance date, and then fall by 20 basis points over the next 20 days.

Based on the median portfolio turnover rate of 16% for U.S. equity ETFs in 2020, this front running translates into an average annual performance loss of 14.6 basis points.

This happens because ETFs report their net asset value on a daily basis, providing investors with daily disclosure of their underlying holdings. This is also done to help make the process of creating and redeeming ETF shares with baskets of underlying securities.

For more news, information and strategy visit ETF Trends.

Learn more at

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The consultation on the minimum price of alcohol in NI will be published in “early 2022” Wed, 05 Jan 2022 06:00:00 +0000

The conclusions of a consultation on the minimum price of alcohol in Northern Ireland are expected to be published in early 2022.

This is because the retail value of alcohol in some supermarkets in the Republic of Ireland more than doubled with the entry into force of new minimum price laws on Tuesday.

All alcohol in the south now has a minimum price based on the number of grams of alcohol, with one gram costing at least 10c (8.5p).

This means that some brands of spirits will cost several euros more, while tins of beer sold at promotional prices of around € 20 (£ 16.80) will double in price.

Opponents have said it will drive consumers to Northern Ireland for their alcohol, while others say the measures will bring about a much-needed change in society’s relationship with alcohol.

In July 2020, Minister of Health Robin Swann pledged to launch a public consultation on the introduction of a minimum price for alcohol here.

The move would see a minimum price set per unit (8 mg or 10 ml) of alcohol. This will ensure that a drink cannot be sold for a price lower than the number of units multiplied by the minimum unit price (MUP).

A spokesperson for the Department of Health (DoH) said yesterday that the introduction of the MUP for alcohol has the “potential to be a key population-level health measure” to address the harms associated with Alcohol consumption.

“To this end, action has been included in the new substance use strategy, ‘Prevent Harm, Strengthen Recovery,’ to launch a consultation on MUP,” the DoH continued.

“Work on developing this consultation is ongoing and it is expected that it will be published in early 2022.”

The head of treatment at the Northlands Addiction Treatment Center in Derry, Tommy Canning, welcomed the Republic of Ireland’s decision, but said a holistic approach was needed to tackle alcohol addiction.

“In itself, the minimum unit price is not a panacea for the devastation we are seeing,” he told BBC Radio Foyle.

“It raises the question of the decisions that are made in health matters, for example, on one side or the other of the border and the implications of that.”

Addressing the problem of people crossing the border to Northern Ireland to buy cheaper alcohol, Mr Canning said it was “obvious” that this was happening.

“It doesn’t approach it in that sense and I’m sure the bigger supermarkets along the border in the north and the smaller ones outside licenses will think their trade will increase,” he said.

“It is not ideal in this situation and I think it would make a lot of sense that this is an all-island problem in the sense that the two governments are working together to introduce the same legislation concerning the minimum unit price. “

Mr Canning added that people might be forced to take a deeper look at alcohol in Irish society if “we think alcohol is a staple in our weekly baskets”.

“There is work in progress at the moment within NIADA [Northern Ireland Drugs and Alcohol Alliance] both regionally and nationally around a minimum alcohol price and they bring it to our local executive and local assembly, ”he said.

“Northlands would like the Assembly to raise this issue and seriously consider it, once again, as part of the puzzle that would help alleviate and reduce alcoholism on the island of Ireland. “

The Republic joined Scotland, Wales, Russia and parts of Australia and Canada in introducing this decision.

Scotland were the first in Europe to introduce it in 2018, followed by Wales in 2020.

Seamus McNamee, the manager of the first and final non-license at Jonesborough, has said that while the price change will benefit his business, he wants the same changes to be made in Northern Ireland.

“Over time we would like it to be introduced in Northern Ireland as well. Everyone will be on the same ground when it comes to health services and alcohol abuse,” added Mr McNamee.

“We are in a position where we can benefit from the minimum prices that have been put in place in the south.

“The only thing going against me is the exchange rate. When people have the chance, in a few months after Christmas, I would expect to see a significant influx of trade from the South.

“The southern government expects the northern government to align with them, but it is questionable whether they will.

“Similar laws have been successful in Scotland with regard to health services because they have stopped people from abusing alcohol.

“The Irish government is trying to prevent people from abusing alcohol on a daily basis by buying low value cider.

“If the price goes up, it means they drink less during the week. These people may have low incomes.

“People won’t be driving from Dublin to the border to buy a few bottles of cider either, so they just get less for their money.

“I can’t see people traveling on loaded buses to buy alcohol across the border.”

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Auburn’s Hanging Basket Lady Hangs Up Her Watering Wand Sat, 01 Jan 2022 15:28:12 +0000

Colleen Jennings demonstrates her hanging basket watering wand on December 17, 2021 in Auburn, Alabama.  As of 7:30 a.m., regardless of the season, Jennings was the sole keeper of Auburn's hanging baskets as a member of the Auburn Beautification Council.  , making sure everyone was healthy.  (Tim Nail / Opelika-Auburn News via AP)

Colleen Jennings demonstrates her hanging basket watering wand on December 17, 2021 in Auburn, Alabama. As of 7:30 a.m., regardless of the season, Jennings was the sole keeper of Auburn’s hanging baskets as a member of the Auburn Beautification Council. , making sure everyone was healthy. (Tim Nail / Opelika-Auburn News via AP)


Before December, if you’ve ever taken an early morning jog in downtown Auburn or maybe grabbed a bite to eat for breakfast there, you might have spotted someone caring. hanging flower baskets that line several blocks in the heart of the city.

If you’re an observer, you might have noticed it was the same woman every day, pulling her watering cart along College Street, Magnolia Avenue, and other streets. Her name is Colleen Jennings, and that’s a role she held for 17 years before passing the torch – or the water, so to speak – to the next person.

As of 7:30 a.m., regardless of the season, Jennings was the sole keeper of Auburn’s hanging baskets as a member of the Auburn Beautification Council, ensuring everyone was in good health.

“It’s more of a commitment than people think,” Jennings said. “Summer is the most demanding I would say. When we replant in the fall and spring, you are on a ladder to do the planting.

In 2004, Auburn Parks and Recreation Director Becky Richardson approached Jennings about the role, seeing it as a natural fit given Jennings’ passion for gardening.

“I knew Colleen had some horticultural background and I knew she was really good at working with plants,” said Richardson. “It turned out to be a very reliable partnership. She was very reliable in being there, checking installations regularly, troubleshooting and replacing installations if necessary.

Jennings said the post was opened after the Embellishment Council introduced the baskets, but decided not to leave the responsibility for their care to downtown merchants.

“I don’t think it worked so well,” Jennings said. “So it evolved and the members of ABC were going to turn around and deal with it, and I don’t know how it worked either.”

Jennings has lived in Auburn since 1985 when she was a student at Auburn University and said she ‘fell in love with plants and soil’ while working in the landscaping services of the ‘university. Hailing from Fairhope, Alabama, however, she grew up around the sea and sand more than the ground, and wasn’t seen staying in town after graduation at first.

“I’m a beach girl and I was here to graduate and probably go back south,” she said. “When I was in school, I met my current husband and started a family. It is a good place to live.

Her husband, James, maintained his love for greenery while he graduated in horticulture and went on to serve as Auburn town’s beautification and urban forestry superintendent, she said. The watering job ended up working well for Jennings, providing her with an income while allowing her to be a stay-at-home mom.

Over the years, as the number of baskets has gradually increased from 22 when she started to 35 now, Jennings has become quite familiar with which flowers and plants grow best in baskets in which seasons. .

“In winter, thoughts are just thoughts because that’s what will survive the cold,” she said. “In the summer, the real wild plants are because you can use a variety. The summer plants I use are mandevillas, hibiscus, angelonia, vinca, plumbago, Joseph’s mantle, zinnias – and I’m sure I’m forgetting some – but summer plants were really my beauties.

Catrina Cook, Director of Environmental Services for the City of Auburn and Co-Chair of the Beautification Council, said Jennings has truly become a side of downtown Auburn in all the years she has worked there.

“We get calls saying how beautiful the baskets were and that people wanted to know where we got them from and who was looking after them,” Cook said. “I appreciated her presence in the city center (and) many traders as well, because I think they all got to know her.”

Jennings said his fondest memory of all his mornings downtown was meeting Auburn head coach Pat Dye as he left the J&M bookstore and didn’t recognize who he was.

“I tell him about my watering can that I have used and where he can buy it, and that it is rather expensive,” she said with a laugh. “At the end of our little exchange, he revealed who he was. I think Pat Dye could have afforded the watering wand.

Jennings’ last regular day downtown was November 7th. Now the wand rests on Summer Vaughan, the new hanging basket drinker who met Jennings through a mutual friend, who said she had “really big shoes to fill.”

“(Jennings) is amazing and has been so helpful,” Vaughan said. “She made me a list to find out what (plants) work (because) after doing it for so many years, she had a science of it.”

Cook said Jennings’ efforts will continue even if she steps down.

The Beautification Council “has released a list of every basket donor we’ve had, and this year has been our biggest number,” Cook said. “People notice them. It’s all thanks to the work Colleen has done over the years.

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The inside story of how ETFs weathered the March 2020 storm Wed, 29 Dec 2021 05:00:37 +0000

As the markets entered the shock of Covid-19 in March 2020, anyone familiar with how exchange-traded funds worked braced for bad news – but it never happened.

There were alarming signs of stress – the prices of many corporate bond ETFs have fallen significantly below the net asset value of their holdings, raising fears that investors completely lose faith in the structure of the fund and part with their assets.

But even when liquidity had dried up in their underlying constituents, ETFs, with the notable exception of the US Oil Fund (USO) and some leveraged products, continued to trade.

“The consistent theme at the start of Covid is that we were all looking for a problem, but problems weren’t happening,” said Matteo Andreetto, head of SPDR ETF Business, Emea, for State Street Global Advisors.

Today, when market participants are asked to recall what happened during those frenetic days, a striking theme emerges – besides their technical force and massive central bank support led by the US Federal Reserve, one of the most important factors that helped ensure that the ETF market continues to function was clearly the people themselves.

“The business is built on personal relationships and that’s why it works,” said Reggie Browne, known as the ETF Godfather and who heads the ETF market making business for trading company GTS.

On the New York Stock Exchange, Level 1 circuit breakers, triggered when the S&P 500 fell 7%, tripped four times in eight trading days between March 9 and March 18, halting trading for 15 minutes at every time.

Douglas Yones, Head of Exchange Traded Products at the NYSE, recalls a huge effort to make sure everything went smoothly and to ensure that participants were prepared for the vast volume of transactions that would hit the markets as soon as possible. the circuit breakers would trip. “We picked up the phone and called every market maker and every liquidity provider and said, we’re going to hit the breakers, are you ready? “

How ETFs Work

Creation: ETF providers and authorized participants cooperate in the creation and redemption of ETF shares, monitoring their offering and ensuring that ETFs trade near their net asset value. PAs “buy” an equity creation unit from the provider with a “basket” of underlying securities, and then release the shares in the secondary market.

Redemption: If demand for shares of an ETF decreases, the AP may acquire the value of a repurchase basket of shares in the secondary market and pass them to the provider in exchange for the underlying securities.

How bond ETFs differ: Bond ETFs have “personalized baskets” published by the provider each day that only contain a selection of the underlying bonds.

What is for authorized participants: APs make money from the difference between the price of the securities and the ETF.

The problem, as Dan Izzo, Managing Director of Market Maker GHCO, pointed out, was the potential loophole in the functioning of the ETF ecosystem (see above), especially for bond ETFs.

“As each AP was trying to redeem at the same time, ETF providers had to restrict trading in custom bond baskets to make sure they didn’t deviate from their index and dealt with everyone. fairly. This meant that PAs and market makers could get stuck with certain bonds, illiquid at the time, that they couldn’t trade when they bought back ETF shares.

Yones said phone calls were also made to ETF issuers asking if they were changing the size of their baskets and asking bond ETF providers what changes they were making to their baskets.

Above all, Yones explained, after years in the industry in a variety of roles, the people he called were mostly friends, which meant they had established trust and an excellent understanding of each other.

Across the Atlantic, at the London Stock Exchange, things were just as stressful, but again human intervention helped make things work.

Line chart of the S&P 500 Index showing the fall in US stocks in March 2020

“We spent a lot of time on the phone with our ETF issuers and market makers,” said Lida Eslami, business development manager for exchange traded products at LSE.

On March 13, in response to growing concerns about volatility in the underlying markets, the LSE issued an advisory confirming that the bid-offer spreads cited by market makers could expand up to a maximum of 5 percent on all Fixed Income ETFs.

Three days later, a new notice confirmed that the spreads could widen to 5 percent on all exchange-traded products.

The efforts were gratefully received. “I have never felt so taken care of in my career,” said Izzo, who recalls being in constant contact with the LSE as well as the major ETF providers.

At index provider FTSE Russell, Managing Director Arne Staal said staff were preparing for a major rebalance when the pandemic struck and they had to try and do their jobs from “the kitchen table. “.

With $ 18 billion tied to the FTSE Russell indices, including $ 1 billion in ETFs, and plummeting markets, the job has been particularly stressful.

“We had to assess whether the rebalancing would exacerbate the market turbulence,” Staal said, adding that there was ongoing dialogue and late-night phone calls with all major parties, including regulators, banks and large asset managers.

“You’ve reached the point where you just have to make a decision. Said Staal. Eventually, FTSE Russell rebalanced its equity indices, but after careful consideration decided to postpone rebalancing its fixed income portfolio.

Some industry players insist that the technology supporting ETF trading was still crucial.

“You have to be prepared for the unknown, which means creating systems that can handle a 100-fold increase in transactions,” said Dennis Dijkstra, Managing Director of Flow Traders.

However, Glenn Havlicek, CEO and co-founder of GLMX and former head of global liquidity management for JPMorgan, said that while “transaction efficiency” was crucial, “a lot is happening behind the scenes.”

For example, Stefan Kaba-Ferreiro, head of trade with GHCO, said that some ETF providers have helped by selling some of the bonds on behalf of the PA, thus delivering, upon redemption, a basket of bonds and cash from the sale, instead of just bonds.

So what made ETFs successful in March 2020? Some, like Kaba-Ferreiro, continue to claim that it was the Fed, rather than the technical strength of the envelope, that made the difference. “I found it very interesting because everyone announced the success of ETFs during this period,” he said, but added that there had been unprecedented political intervention by the government. “We haven’t really been able to test the product,” he said.

But even though Kaba-Ferreiro is right about the importance of the Fed, as Havlicek pointed out, even that decision was not automated. “In the end, it was a human decision,” he said.

This human factor may seem troubling to some, but industry veterans insist it helps explain the resilience of ETFs.

“The fact that [some of what happens in the primary market] is discretionary might be seen as scary by some investors, ”said Tony Kelly, co-founder of BondBloxx and an industry veteran whose 20 years in the ETF industry have included services with Goldman Sachs, BlackRock and BGI.

However, he maintained that the ETF ecosystem was part of his strength.

“It’s a unique structure in that even though the primary market participants act in their own best interests, it’s actually for the good of the little guy. “

Interested in ETFs?

Visit our ETF division for investor news and insights, market updates and analysis, and easy-to-use tools to help you select the right ETFs.

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Best crypto to buy, BTC price predictions and 2022 outlook from 9 experts Sun, 26 Dec 2021 10:00:43 +0000
  • 2021 has been a crazy year for crypto; its value jumped to $ 2.3 trillion from less than $ 800 billion.
  • Experts expect a growing adoption of crypto and decoupling between bitcoin and altcoins in 2022.
  • Insider has compiled their price predictions, altcoin recommendations, and top radar trends.

By all indications, 2021 has been a crazy year for cryptocurrencies, which saw their total market value climb to $ 2.3 trillion, from just under $ 800 billion at the start of the year.

Fueled by growing institutional adoption, bitcoin hit a new all-time high of nearly $ 69,000 as companies including MicroStrategy, You’re here, and To block (formerly Square) added digital currency to its balance sheets. El Salvador became the first country to adopt bitcoins as legal tender, alongside the US dollar, attracting the interests of other nations to follow the same path.

Celebrities, star athletes and even the mayors of Miami and New York have chosen to take some, if not all, of their paychecks in bitcoin.

But 2021 wasn’t all about bitcoin. Ethereum, the second largest cryptocurrency, also hit a new all-time high of nearly $ 4,900, driven by explosive growth in decentralized finance, non-fungible tokens, and metaverse-related activity on the network.

For the industry, this year has been marked by record milestones. In March, an NFT artwork by digital artist Beeple sold for over $ 69 million. In April, Coinbase became the first US-based crypto exchange to be publicly listed on the Nasdaq exchange. In May, the crypto market collapsed after Tesla CEO Elon Musk stopped accepting bitcoin as a payment method, citing the massive amount of energy spent mining bitcoin. Along the way, even coins, including Musk’s favorite dogecoin coin and rival shiba inu coin, have exploded in popularity.

Over the summer, layer one protocols such as solana, avalanche, and algorand competed to become the fastest, cheapest, and most scalable platform for developers. Decentraland and the Metaverse related sandbox gained widespread recognition overnight after Facebook decided to rename “Meta.” Captivated by the abundance of crypto opportunities, venture capitalists flocked to a record $ 30 billion in blockchain companies eager to usher in the so-called Web 3.0 era.

Of course, with greater visibility comes greater responsibilities. The crypto industry still has a lot of serious issues to tackle over the coming year. In 2021, crooks stole $ 7.7 billion in cryptocurrency from victims, up 81% from the previous year, according to Channel analysis. Meanwhile, controversies over whether certain stable coins pegged to the US dollar are fully backed by their dollar reserves have put the industry in hot water with US regulators.

As discussions of an impending crypto winter have surfaced recently, analysts, investors and industry executives expect to see further integration of crypto in 2022 as stadiums are renamed after crypto companies and NFTs continue to integrate into pop culture.

Insider spoke to nine of them and compiled their predictions below.

James Faris, Kari McMahon and George Glover contributed to this story.

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]]> Sex education information on TikTok shows gaps in traditional education Fri, 24 Dec 2021 14:39:56 +0000

Teens and teens might turn to TikTok for more about sex when their typical sex education isn’t enough. But the videos on the platform aren’t filtered for misinformation and don’t give teens a way to ask additional questions, ratings a new analysis.

Sex education offered in schools in the United States is generally inadequate – most states do not require children to learn topics such as contraception, consent, and gender diversity. Information about sex, however, is spreading over TikTok, which has millions of teen and adolescent users.

To rate the sex education information on TikTok, an author of a new study created an account as a 15-year-old, uploaded 100 videos under the hashtags #sexeducation and #healthclass, and categorized them. More than half focused on male and female anatomy or sexual pleasure, with most focusing on female anatomy and female sexual pleasure. Thirteen percent spoke about contraception, and only five of the sample covered other aspects of sexual health, such as safer sex, consent, and how to navigate health care.

The volume of content on Female Sexual Anatomy and Pleasure on TikTok shows an area where mainstream sex education is not effective, the study’s authors note in their review. If teens look to TikTok for information on these topics, it may mean they aren’t getting it elsewhere.

Having a place to privately view information that could answer questions about sex might be helpful. However, teens who watch these videos don’t have a clear or easy way to get additional information if they have more questions, the authors said. They also may not have a simple or clear way to tell if a video contains misinformation. Some healthcare professionals make videos and answer questions on TikTok, but there are so many videos that it’s hard to keep up with them all.

“The ever-increasing amount of content available on TikTok makes responding to all the misinformation impractical, and there is no guarantee that a user will ever encounter these corrective videos,” the authors wrote. Other studies show that bad information about other areas of health, such as COVID-19 and prostate cancer, has spread on the platform.

Considering the size of the platform – TikTok recently eclipsed one billion monthly users worldwide experts should conduct more research to assess the accuracy of the sexuality education information presented there, the study concluded. This recommendation is in line with a recently proposed research agenda for TikTok, which included a call for researchers to study the medical advice given on the platform.

In the meantime, doctors should ask patients about their use of social media and could use it as a starting point to answer questions or dispel any misinformation. “Providers have a critical role to play in anticipating common myths and misconceptions and providing correct information on sexual health topics,” the authors wrote.

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Inflation forces Parisian sellers to raise commodity prices Thu, 23 Dec 2021 06:49:00 +0000

PARIS – To Aligre market, a bustling outdoor food and antique market in the Bastille district of central Paris, Mohamed Sharif grabbed a piece of chalk and reluctantly marked up the price of the scented Valence clementines he sells at a crowd of buyers.

The costs of transporting products imported to France have more than doubled since the fall amid soaring gasoline prices, he said, one of the many factors that have pushed up wholesale prices. oranges from Spain, lychees from southern China and passionfruit from Vietnam – and the price he has to charge at his fruit stand.

“Customers don’t understand why they have to pay more for what they buy,” said Mr Sharif, valuing a pound of clementines a recent weekend at 1.90 euros (around $ 2.15), down from 80. cents ($ 0.90) per week. earlier. “People are buying less because the costs are going up. “

Meat prices at a nearby butcher have risen 10% since the summer. Some French cheeses are expected to increase by 20 percent in the new year. Even the traditional baguette, a staple of the French diet, will become more expensive, say bakers.