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Covid-19 update Wednesday 8th April
Good morning from the UK. For those people whose days blur into one another, today is a Wednesday. For any fellow Brits who haven’t realised yet, this Friday is Good Friday which means Monday is a bank holiday. 4 day weekend for us! The UK and US continue to grab most of the global headlines - the UK due to the plight of its prime minister Boris Johnson (the TLDR there is that he’s still in intensive care, his condition is unchanged). The US is grabbing the headlines because of the sheer volume of cases / deaths in the country plus also for some of the quotes being given and actions being taken by President Trump. Today’s round up is Guardian heavy. Sorry if you’re not a fan of them, I was pushed for time.
Virus news in depth
Coronavirus: UK will have Europe's worst death toll, says study - If you’re British like me this is rather frightening; the Guardian reports (Link) that “world-leading disease data analysts” (their phrase not mine) have projected that the UK will become the country worst hit by the coronavirus pandemic in Europe, accounting for more than 40% of total deaths across the continent. The Institute for Health Metrics and Evaluation (IHME) in Seattle predicts 66,000 UK deaths from Covid-19 by August, with a peak of nearly 3,000 a day, based on a steep climb in daily deaths early in the outbreak. The analysts also claim discussions over “herd immunity” led to a delay in the UK introducing physical distancing measures, which were brought in from 23 March in England when the coronavirus daily death toll was 54. Portugal, by comparison, had just one confirmed death when distancing measures were imposed. The IHME modelling forecasts that by 4 August the UK will see a total of 66,314 deaths. Spain is projected to have 19,209 deaths by the same date, Italy 20,300 and France 15,058. All three countries have imposed tougher lockdown measures than the UK. (Personal note for fellow Brits, 66k = a town the size of Paignton in Devon, Rochester in Kent, Loughborough in Leicestershire, Dewsbury in W Yorks or Washington in Tyne and Wear. I expect we will hear a lot more about this herd immunity and in particular Dominic Cummings once the pandemic ebbs away; Cummings will probably be thrown under the bus for it). Fears of crisis in global car finance markets as owners seek payments help - Fears are growing of a crisis in the UK’s £75bn car loan market, where 6.5m vehicles have been financed through leasing deals with monthly payments that are already proving unaffordable for some laid-off as a result of the coronavirus says the Guardian (link). The Finance and Leasing Association (FLA), which represents the credit arms of the car manufacturers as well as the banks, said: “It’s early days in terms of quantifying the impact on arrears, but the number of forbearance requests has grown significantly in recent weeks.” Britain’s car market rests on billions in debt taken out by consumers, many of whom may now struggle to pay. Around nine out of 10 of the 2.3m new cars sold in a typical year in Britain are paid for using some sort of financing provided by an FLA member. The most common purchase method has been personal contract plans (PCP), where a buyer puts down a deposit and then rents the vehicle for two to three years at a monthly cost, typically around £250. Problems in the UK car loans market may pale into insignificance compared with the colossal scale of auto lending in the US, which totals $1.3tn (£1tn). Some of it has been securitised into bonds that bear echoes of “subprime” lending common before the financial crisis of 2007-08. Around $30bn of new subprime vehicle loans were issued in 2019, and there have been reports of some lenders verifying the income of just 8% of borrowers – whose loans are then bundled into bonds sold on Wall Street as an income stream for investors. However, the US Federal Reserve has already stepped in with a programme to support “asset-backed securities”, including bonds holding auto loans. Trump threatens to hold WHO funding, then backtracks, amid search for scapegoat - The Guardian has written a critical article on Trump again, saying he hunted for a new scapegoat on Tuesday in an increasingly frantic attempt to shift blame for thousands of American deaths from the coronavirus, accusing the World Health Organization (WHO) of having “called it wrong” and being “China-centric”. Trump’s early inaction has come under renewed scrutiny in the past day after a New York Times report that Peter Navarro, Trump’s trade adviser, warned in a memo in late January that the virus could put millions of Americans at risk and cost trillions of dollars. Susan Rice, a former national security adviser, told the Washington Post that Trump’s missteps “cost tens of thousands of American lives”. The president has repeatedly denied responsibility and sought to blame China, the Obama administration and the media. On Tuesday, with the US death toll exceeding 12,000, he unleashed a tirade at the WHO, even though it raised the alarm in January, after which he made statements downplaying it and comparing it to the common flu. “They’ve been wrong about a lot of things,” Trump said at the daily White House coronavirus task force briefing. “And they had a lot of information early and they didn’t want to – they seemed to be very China centric” – implying that the WHO had toed the line of Beijing’s early efforts to minimise the scale of the outbreak.
The number of countries not yet in lockdown continues to dwindle; Indonesia is the latest to announce a partial shutdown (link)
The Royal National Lifeboat Institution (RNLI) is planning to furlough a third of its staff and is warning that its lifeguards may only be able to patrol the busiest beaches this summer if the lockdown is suddenly lifted (link).
The French aircraft carrier Charles de Gaulle is returning to port due to an outbreak of the virus onboard. 40 sailors are currently said to be under strict medical observation.
A small antarctic cruise ship with 217 people on board is marooned off the coast of Uruguay at the moment because 60% of people on board have been infected by the virus (CNN).
New Zealand has recorded its lowest number of new coronavirus cases in a fortnight, one day after testing a record number of people.
Damage, injuries and deaths reports are still pending from Vanuatu after Cyclone Harold hit it as a category 5 two days ago but it’s now hit Fiji as a category 4. Videos coming in show significant flooding. Harold is moving on and expected to hit Tonga within the next 48 hours. The Matangi Tonga website reported that Harold’s arrival in the country would coincide with a king tide and a supermoon early on Thursday morning. An extreme high tide warning is in force for Tonga for Thursday and Friday. Rescue and support for the Solomon islands, Vanuatu and Fiji will be difficult due to the need to check incoming supporters for viral infections.
Authoritarian Turkmenistan gathered thousands of citizens for mass exercise events to mark World Health Day, state media said, ignoring the global trend for social distancing to fight the spread of the coronavirus pandemic. A state television broadcast late on Tuesday showed hundreds of people wearing identical coloured tracksuits cycling in close formation on a cold, damp day in the capital Ashgabat.
The cofounder of Twitter Jack Dorsey has announced he is donating $1bn USD to fighting the virus with any funds left after it subsides going to girls health, education and universal basic income (link). Forbes suggests that this is nearly ⅓ of his wealth.
Trains have started running to and from Wuhan again following a lifting of the lockdown.
Tottenham Hotspur football/soccer players have been seen jogging together in local parks in London in a breach of the distance separation guidelines (link).
Fifa has approved plans to extend player contracts and move transfer windows to allow seasons on hold due to coronavirus to be completed (link).
Several major horse race meetings in the UK that are due soon have been cancelled while Royal Ascot (in mid June) is trying to see if it can host its races behind closed doors (link).
USA - MLB is exploring options to launch its league behind closed doors early in Arizona according to a piece on ESPN (link). The plan calls for a start potentially as early as May with players residing in hotels and only venturing out for training or games. Any players that sign up could face being away from their families for up to 4.5 months. The idea is attracting a lot of noise on social media with the senior LA Times journalist Matt Pearce calling it “insane”.
An Australian Rugby League Is Thinking About Putting 500 Players on a Luxury Quarantine Island says Vice (link). The sport, one of Australia’s most popular is proposing to quarantine about 500 rugby league players and training staff on a luxury resort island and then ferry them back to the mainland to play televised matches in empty stadiums. “Can someone tell me why a bunch of meat heads and their hangers on should unnecessarily use a huge amount of COVID-19 test kits so that they can get back onto their already ridiculous salaries,” wrote one Twitter user. Another was just as blunt and called the tournament “the very definition of a non-essential service.”
USA - Acting Navy Secretary Thomas Modly resigned on Tuesday, a day after leaked audio revealed he called the ousted commander of the USS Theodore Roosevelt "stupid" in an address to the ship's crew. “When I walked on the quarterdeck of the TR I lost situational awareness and decided to speak with them as if I was their commander, or their shipmate, rather than their Secretary," Modly wrote. "They deserved better, and I hope that over the passage of time that they will understand the words themselves rather than the manner in which they were delivered. But what's done is done. I can't take it back, and frankly I don't know if I walked back up that quarterdeck today if I wouldn't have the same level of emotions that drove my delivery yesterday." he wrote in his resignation. (CNN link for more)
USA - As the United States hit another record for most deaths from coronavirus in a single day, President Donald Trump said the country was "way under" any coronavirus models. “We’re way under any of the polls or any of the models as they call them,” Trump said in an interview with Fox Tuesday night. “We are way under, and we hope to keep it that way, in terms of death.” The US has recorded at least 398,809 coronavirus cases, including 12,895 deaths, according to Johns Hopkins University. Some 30,613 new cases and 1,909 deaths were reported on Tuesday. The President, who seemed to be taking what could turn out to be a premature victory lap, said that New York “is getting ready, if not already, getting ready to peak.” Trump also said that he would love to start the economy back up “with a big bang,” opening the entire country to business all at once. But he said the administration is also considering opening up in sections. (CNN link)
Trump tweet: “The W.H.O. really blew it. For some reason, funded largely by the United States, yet very China centric. We will be giving that a good look. Fortunately I rejected their advice on keeping our borders open to China early on. Why did they give us such a faulty recommendation?” Factcheck.org says that US travel restrictions were announced 31st Jan and came into force Feb 2, a day after the WHO recommended travel restrictions.
USA; 3.5 million Americans are thought to have lost healthcare coverage in the past two weeks according to the economic policy institute (link). The institute says that many of the newly unemployed will suddenly face prohibitively costly insurance options. The linkage between specific jobs and the availability of health insurance is a prime source of inefficiency and inequity in the U.S. health system.
Vatican - The coronavirus outbreak is one of “nature’s responses” to human beings ignoring the ecological crisis, said Pope Francis Wednesday. “We did not respond to the partial catastrophes. Who now speaks of the fires in Australia, or remembers that 18 months ago a boat could cross the North Pole because the glaciers had all melted? Who speaks now of the floods?" the Pope told British Catholic journalist Austen Ivereigh in an email interview published Wednesday in The Tablet and Commonwealth magazines. “I don’t know if these are the revenge of nature, but they are certainly nature’s responses.”
Supply chain news in depth
Coronavirus: The Road to Economic and Social Recovery; We will recover, but how will we know when? - Descartes Labs, a geospatial imagery analytics startup based in California has written an interesting piece on medium.com (link) on how we may be able to use big data to understand when the economy will begin to recover. Remote sensing refers to data collected from satellites, aircraft, and distributed sensors that can provide information about the earth and help us understand human activities at a macro scale. While it is possible to understand the economic consequences of coronavirus through news reports and surveys, remote sensing provides direct observations that can be aggregated on a large scale and automatically processed for real-time insights. Descartes Labs, has developed a set of tracking and monitoring tools that can be used by businesses to understand consumer and supply chain activities that are critically important to revenues which harness aggregated mobility tracking, location-specific activity tracking, regional NO2 tracking and supply-chain tracking. Logistics Manager Editor’s Blog: Has COVID-19 shown we have an e-commerce problem? - The editor of Logistics manager magazine (which has a UK lean in the topics it covers) has written an article reviewing the ecommerce sector. “If there is an area of the economy that is thriving right now it the supermarket sector. Yet limited delivery slots meant that only 14.6% of households received an online delivery in the four weeks to 22 March, up from 13.8% in March 2019 but most-likely well below actual demand. The truth is that as much as the logistics sector likes to celebrate its considerable achievements in the migration to e-commerce, some businesses were too stuck in the tried and traditional ways of working to actually reach the peaks. COVID-19 will change well-understood behavioural economics. Consumers won’t be the same after a global pandemic the likes of which we have never seen in our lifetimes.” He argues that businesses must immediately fully adapt to ecommerce channel fulfilment or they will most likely fail to survive. We were quick to celebrate the achievements of the sector, particularly in replacing the 30% of calories consumed outside the home with sales in bricks and mortar supermarkets. We were quick to celebrate that existing e-commerce infrastructure did not entirely fall apart. Yet there wasn’t enough capacity to deliver food to homes that wanted it, and in some cases needed it. There were not enough drivers and not enough vehicles, even if the right volume of food was in the system.
Supply chain news in brief
Major UK supermarket chain Tesco has announced that sales jumped 30% in the first few weeks of the coronavirus outbreak as shoppers stockpiled in the run-up to the lockdown but additional costs involved in feeding the nation could reach almost £1bn. The UK’s biggest supermarket group said the full financial impact of the crisis this year was “impossible to predict” but that extra payroll, distribution and store expenses could add anywhere between £650m and £925m to costs. The UK’s biggest private sector employer said no member of staff had been furloughed but 50,000 staff were currently absent on full pay. In the last fortnight the company said it had recruited more than 45,000 people to keep its shelves full (link).
Singapore has announced new plans to boost food production, including by turning car park rooftops into urban farms, as the Covid-19 pandemic disrupts global supply chains according to the Guardian daily live blog (link above). The city-state only produces around 10% of its food needs, but restrictions on population movement are wreaking havoc on farming and food supply chains – raising concern of shortages and price increases.
Easyjet has secured £600m ($739m USD) in government funding to help it survive plus requested to fully draw down on its $500 million revolving credit facility, secured against its planes. Combined, the funding will give it access to £2.3bn ($2.8bn USD) equivalent in cash. (Source Airlive.net)
Austrian airlines is pessimistic about the recovery time after the pandemic is over. In a series of tweets, it states that it assumes that it will have 25-50% of the demand in summer 2020 compared to 2019 and that pre-corona level will not be reached until 2023 at the earliest. It’s still reviewing what action to take but it’s likely that fleet reductions will occur.
Austrian airlines’ parent company Lufthansa has announced plans to retire 42 of its Lufthansa and Germanwings branded fleet. Six out of forteen of its A380s will go whilst all Germanwings operations will be discontinued with some merged into the Eurowings brand. The restructuring programs already initiated at Austrian Airlines and Brussels Airlines will be further intensified due to the coronavirus crisis and both companies are also working on reducing their fleets as is SWISS International Air Lines which will also adjust its fleet size by delaying deliveries of new short haul aircraft and consider early phase-outs of older aircraft. In addition, the Lufthansa Group airlines have already terminated almost all wet lease agreements with other airlines. The reductions will significantly reduce the groups’ presence at its key airports in Frankfurt, Vienna, Zurich and Munich.
CNN has a piece questioning whether US retail stalwarts Sears, JCPenney, Neiman Marcus and J. Crew will survive the epidemic. Many were forced to close stores in the face of declining sales even as unemployment reached a 50-year low. Now with a record number of Americans filing for jobless benefits, unemployment is likely to be elevated for months if not years to come, further cutting into Americans' appetite and ability to shop. Sears filed for bankruptcy in 2018 and its future has been in doubt ever since. JCPenney, Neiman Marcus and J. Crew are burdened by crushing debt loads. They're also at risk from declining market share, too many stores, limited online sales and a focus on selling discretionary items, analysts say.
A formerly closed General Motors plant where workers once built transmissions for the Chevrolet Malibu is reopening as a surgical mask production facility. The plant, which closed last August, began making Level 1 surgical masks on Monday as demand for face masks climbs across the nation. GM said machines needed to make the masks were delivered to the Warren, Michigan, plant last week. Workers will ratchet up production over the next two weeks so the facility can manufacture 50,000 masks a day (CBS link).
Several meat processing plants around the U.S. are sitting idle this week because workers have been infected with the coronavirus. Tyson Foods, one of the country's biggest meat processors, says it suspended operations at its pork plant in Columbus Junction, Iowa, after more than two dozen workers got sick with COVID-19. National Beef Packing stopped slaughtering cattle at another Iowa plant, and JBS USA shut down work at a beef plant in Pennsylvania. NPR has more (link).
Customs brokers applaud US Customs keeping borders open to cargo - Members of the Washington, D.C.-based National Customs Brokers and Forwarders Association of America (NCBFAA) interviewed by American Shipper this week generally praised CBP for permitting the flow of legitimate trade across the continent says Freightwaves (link). “The CBP commercial traffic operations have not been affected other than the reduction of operations at plants in Mexico, which are shutting down due to safety concerns and government mandates on the closing of non-essential businesses,” said Jose D. Gonzalez, who operates his own customs brokerage firm at Laredo, Texas. “CBP has been pro-trade and understands the importance of the supply chain process,” he added. “They are working with the trade stakeholders to ensure the flow continues.”
Politco says that President Donald Trump on Monday attacked his health department's watchdog for a new report revealing supply shortages and testing delays at hospitals responding to the coronavirus crisis, claiming the findings were inaccurate and politically motivated. "It's just wrong," Trump said during a briefing of the White House coronavirus task force, without providing evidence detailing what was incorrect. One hospital administrator said his mask supply would be depleted in three days. Another respondent said his system's regular supplier would take three to six months to obtain more masks and other gear due to the global rush for limited supplies. A third administrator said he fears tight supplies “endangers [staff] lives and the lives of their families.”
Major apparel retailer Primark says it will help to fund the salaries of people working for its suppliers (link)
The Loadstar says that forwarders are reporting concerns that shipments of medical supplies may not get through to their intended destination, as countries impound them en route for their own needs (link). The US has been particularly busy on this front, according to various media reports – so much so, in fact, that the Germans have accused it of “modern piracy”.
Forwarders are also starting to abandon air cargo in favour of road transport in some cases says The Loadstar (link). InstaFreight, a road specialist, is one forwarder offering trucking services across Eurasia and claims that, with congestion affecting Chinese exports, the delivery times are similar to air – but cheaper and “more stable”. Depending on the number of drivers and the origin and destination, InstaFreight claims a transit of between 20 and 22 days, but this could be shortened by a few days if customers pay a surcharge to use two drivers.
Forwarders are tearing their hair out over air shipment bookings. The Loadstar also reports (link) that there are significant issues for forwarders trying to move airfreight. “Capacity and space is a disaster, and we are seeing massive swings in rates from five- to 20-times the normal level. We have made bookings and then been advised the flights are cancelled,” said the chief executive of one mid-sized Canadian forwarder. “You book, plan, cancel, book another flight; sometimes three times in an hour,” he said, but so far, using freighter lift has been more straightforward, as all-cargo schedules have been reliable, he added.
If you’ve ever wondered how you ground - and then maintain - an airline fleet, KLM (which certainly has a large fleet to think about) has written a fascinating blog just for you (link).
Good news section
The Easter Bunny Is An Essential Worker, New Zealand's Ardern Says - New Zealand prime minister has clarified (link) to the nation’s children that the government considers the easter bunny and tooth fairies as essential workers and are thus able to continue doing their jobs. Ardern announced the exemption in response to rampant speculation by New Zealand's youngest citizens, who had wondered how the coronavirus crisis might affect the traditional arrival of colorful eggs, chocolates and other treats. The prime minister however warned that in some cases, the pair might not be able to provide the level of service young people have come to expect. "So I say to the children of New Zealand, if the Easter Bunny doesn't make it to your household, then we have to understand that it's a bit difficult at the moment for the bunny to perhaps get everywhere," Ardern said.
Members of the House of Representatives and Senators of the 17th Parliament of the Commonwealth of Australia, ladies, gentlemen, and those otherwise identified, Recognition of the land our parliament stands upon, Ngunnawal land, shapes reflection upon the 40,000 history upon this continent, and the history and culture that so reflects and boldens who we are as a nation today. I wish to personally respect the Ngunnawal elders, both past, present, and emerging, and welcome all who have come across this land to be here at this time, as well as recognise those who have not been able to be with us at this time. As we enter the 17th parliament, we shall take a moment to respect the duties and responsibilities that are handed to us as we are elected and sworn in as members of parliament or as Senators. To serve both chambers is a privilege, as is serving the people of Australia, and it is most important to have the best interests at heart in this chamber of serving the people of this country, and serving the nation of Australia with dignity and honour. This incoming government will remain dedicated to fighting for the education of each and every Australian, and that starts with ensuring that our nation’s education remains affordable for everyone. By keeping tertiary education free, we can ensure that no Australian is disadvantaged by their financial situation in terms of their pursuit of education up to the highest levels. My Government will also wish to reduce government funding to private schools by 30%, and put that money back into the public system, to also follow this goal of education no matter your personal finances. Beyond affordability, this incoming government will also help ensure education becomes more manageable for students, and teaches them more core skills in life. With our plans to reduce the yearly assessments by 25%, as well as reforming the Humanities curriculum from years 7-10 and making the overall curriculum assist students in gaining all-round development, we hope to ensure that students gain a better quality of education, while reducing the stress levels that come with constant assessments. Finally, with my Government’s coming introduction of a targeted grad scheme for rural schools, we hope to ensure the students across this nation can receive the highest quality education from the highest quality teachers, regardless of their location. For this government, education is of the utmost importance, and you can expect to see that idea translate into legislation and government policy. Culture specific support for First Nations people to learn within the education system which takes into account their language and culture in curricula will be implemented, supporting aboriginal families and children to learn. My Government will also work to increase Australian history teaching opportunities in the field of Asian and Pacific migration, along with inclusion of aboriginal perspectives on colonial history within the education curriculum that discusses important and yet overlooked topics such as the Australian genocides as mandatory learning within the history subject at more mature levels. This incoming government will strive to deliver the best possible outcomes for all Australians at home and abroad. This government will also work towards providing an accessible and modern path for Asylum Seekers and those seeking to move to Australia temporarily or permanently. This will involve the raising of the Refugee Quota, a streamlined process of Asylum Seeking and support to be provided to those with Work Visas who have been stranded in Australia and currently lack access to appropriate social services. This government will also work towards establishing first a travel bubble between states which have currently contained the Coronavirus and New Zealand. This travel bubble may be extended to pacific nations as well and will serve to reinvigorate the tourism industry domestically and in our pacific allies. In the longer term, after the coronavirus crisis has been settled, this government intends to pursue an free movement union with New Zealand, and our Pacific neighbours such as Fiji, Niue, Samoa, Tonga and other Pacific States. The government will also work towards a transparent security system for Australians. To do this, legislation will be implemented that will subject ASIO to Parliamentary Committees, ensuring that it is well regulated and achieving the best results for Australia and her security. Legislation will also be created that will restrict ASIO from spying or wiretapping Australian residents’ private devices without probable cause and legal warrant. In line with the recent cyber attacks against Australian Government, Business and Individuals, a Cyber Defence Task Force will be created so as to defend Australian interests from malicious web based attacks. To this government, reform of immigration, increased integration with our pacific allies, increased accountability of security services to the public and a strong commitment to the continued prosperity of the Australian people is paramount. This government through legislation and government policy will implement these measures to the benefit of all Australians. The coming government is committed to delivering the best outcomes on health and sport. Currently the incoming government is faced with a pandemic crisis that is causing a significant public health emergency. As a result, the #1 priority for the incoming government is the constraining and defeat of the pandemic. This involves coordination between state, territory and federal government and a commitment by the people of Australia to work their hardest to control the spread of the virus. This government will implement measures as appropriate to control the spread of the virus, including Lockdowns if necessary, to prevent the emergence of a second wave and to ensure the safety of Australians from this pandemic. Outside of Coronavirus, this government is looking to upgrade hospitals across the nation in a Hospital Modernisation Scheme worth $500 million that will provide world class equipment to hospitals across all of Australia. The General Practitioner Accessibility Agency Bill that was passed last term will be further implemented and refined, improving access for regional Australians to a GP quickly and cost-effectively. This government will also look to create and improve Telehealth for increased GP access, convenience and safety for the general populace, and for our medical professionals. This government will also look to increase funding for sports in regional Australia, such as Equestrian to drive tourism and reinvigorate these communities. The Formula E, electric car racing tournament will be sponsored to promote Electric Vehicles and to revitalise the economy through tourism and celebration. Sports Integrity Australia will be created out of an amalgamation and strengthening of the existing multitude of Sport Integrity and Anti-Doping Agencies. This will ensure Australia is up to world standards in Sport Law and will furthermore provide an avenue for assistance for our Australian Athletes and Sports Workers to provide the best possible games to the Australian people. This government is clearly committed through investment and legislation to the combatting of the Coronavirus Pandemic, the promotion of regional Healthcare, to upgrading Australian Hospitals, providing Telehealth services to Australians and to the promotion of and the integrity of Sport across Australia. This Government believes in the rights of LGBTQIA+ people, and as such it will immediately place a complete moratorium on unjust medical intervention in intersex people unless the intersex individual is of the age to give informed and independent consent to such operations (16 years old), or if such an intervention is deemed absolutely medically necessary for the physical health of the child by a doctor. Particular training on LGBTQIA+ issues will be given to all health professionals, and all government employees within prisons, police, courts, and the military for that after. My Government will put together a specific Transgender Health division of the healthcare systme that will increase trans healthcare access for those who need it, and will streamline hte process of getting trans youth the psychiatric and medical support they need, along with increasing coverage of trans healthcare across Australia and increases to the funding of funding options for gender-affirming surgeries that are currently underfunded. In general, specific health programs will be set up to address the health needs of LGBTQIA+ people, with input from gender and sexuality diverse people and their communities. As the COVID crisis develops, gaps in our mental health system have become exposed. A time of crisis is a time of mental strain, and this government will be committed to meeting the growing need for mental healthcare. This government will be providing teletherapy services so that those who cannot leave their homes are still able to get the treatment they need. In addition, it will work to reduce the cost of mental health care to ensure that it is easily accessible and end the days of mental health treatments being a luxury good. In respect to the Treasury, it is a top priority for this government to correct the previous budget statement and it’s inaccuracies, and also institute a new budget for the financial year of 2021-2022, which gives infrastructure projects, suitable programs and reasonable response to the people of Australia in regards to the COVID-19 crisis. This government shall also aim to implement unitary taxation within Australia and to avoid double taxation, cooperate with governments in other countries to implement this policy and a financial transactions tax, so that multinational corporations will pay their share for the amount of profit they create in each country. My government shall implement corporate tax brackets as well, in order to allow the government to separate small businesses from large businesses, and allow them to keep more of their profit proportionally. My government shall implement budget repair levies in order to repair the deficit that was caused by the COVID-19 crisis, to minimise the deficit and to be able to fund programs which are beneficial for the Australian people. On top of this they will look into putting together an Assets and Wealth tax that will ensure people with a net asset wealth over $1 million will pay a tax of 1% on that wealth, and people with a net asset wealth of $2 million will pay a tax of 2% on that wealth. This tax will feature exemptions for people who are asset poor and income wealthy, and people with major drags on their assets like mortgages and will be used to fund new benefit changes in the COVID-19 response. To encourage more top-down redistributive taxation, and bottom-up growth that can support our many spending initiatives, we will add two new tax brackets at $100k-149.999k earnings, and $150k up. As economic effects of the COVID continues, my government shall look at the implementation of a Coronavirus Economic Support and Recovery Fund, which is to help provide economic support to industries hit by this pandemic. This Fund will look at providing support and economic relief to the arts and entertainment sector, the manufacturing sector and the renewable energy and electricity generation sector. The entire economy has been hit hard by this crisis, but it is imperative that industries which have been unable to function, such as the Arts, are recognised and provided the help they need, and that Australian Manufacturing is finally given the opportunity it needs to become a dominant factor of our economic recovery. My government will therefore also put support into Australian Made, to get more money flowing into Australia’s locally made products and locally owned businesses, to support the economy from the grassroots and up during recovery. As said, my Government will be spending a lot of money on supporting Australia’s residents through COVID-19 recovery, and for that it will undertake an unprecedented effort to close tax loopholes through a Parliamentary commission into loopholes, inefficiency, and evasion; and will work to monetise previously untaxed areas. For example, my government will look into introducing a tax on dynastic and inherited wealth at over $3,000,000 in net assets. This tax will feature exemptions for people who are asset poor and income wealthy, and people with major drags on their assets like mortgages. Alongside this it will explore a progressive corporation tax that implements separate tax brackets to let small businesses keep more of what they earn whilst larger corporations contribute to Australia’s need for spending. My Government overall will seek to focus the economy. COVID-19 has given Australia the perfect opportunity to start judging societal progress differently, not just based on GDP which is described by its own creator as inaccurate to judging success. My Government will rather use wellbeing factors such as wages, employment, and other socioeconomic factors that will place wellbeing as the main factor of economic growth, not just GDP. My Government will work in the area of constitution and governance to correct major holes in our country’s systems and create a fairer Australia. This will start with a Presidential Commission into democratic reform, with the intention to implement a proportional representation electoral system that will consider the low representation of party’s general election votes in comparison to their seats won in the House of Representatives. In the spirit of democratic reform, my Government will also legislate the right of Australian citizens and permanent residents over the age of 16 to vote, and the right of incarcerated people to vote - as everybody deserves participation in our democracy. On top of this, it will legislate the right of public servants in their capacity as private citizens to engage in political advocacy and activism, participate in trade unions, and to represent or be elected to activist organisations - given the unique and often underrepresented view that our civil servants can often have. To ensure fair elections, my Government will implement a complete ban on political donations from for-profit corporations, ensuring nobody who gets in bet with large corporations gets unfair advantages in campaigning. Alongside this, caps on individual public donations and donations from not-for-profits will be introduced. My Government will also look to introduce optional preferential voting for the senate, and to reduce the deposit required for a candidate to stand for election to Parliament, in the interest of removing financial barriers to democratic participation. Public funding of political parties and candidates for campaigns will be set at a level that increases democratic participation by voters, and reduces the influence that corporations have over the prominence of political parties further. My Government will legislate that all local councils use a form of ranked choice voting, if they do not already, to increase democratic representation in all levels of Government. In a number of constitutional amendments, my Government will place sections in the constitution to recognise Australia as a constitutionally multicultural society, recognising the importance not only of aboriginal culture but of all non-white cultures in Australia. It will also replace the sections 44 and 45 of the constitution with more modernised and fair statute around corruption, treason, and serious criminal cases; rather than the outdated clause that was originally there. Political enfranchisement will be granted to offshore Australian territories such as Norfolk and the Christmas Islands, ensuring once again that all Australians are guaranteed participation in our democratic processes. My Government will establish an Australian Bill of Rights that includes provisions in line with the UN Declaration of Human Rights and the Declaration on the Rights of Indigenous Peoples, that embodies international human, civil, and political rights, and includes factors such as race, sex, ethnicity, socioeconomic class, religion, gender Identity, gender expression, sex characteristics, etc, as classifications protected from discrimination. After the previously government endeavoured to isolate Australia from the world, and stop Australia’s potential throughout the international community, my government will endeavour to take a new path to those prior. Instead of destroying alliances, or fear mongering trade partners, my government will work with the international community to promote trade, human rights, and unity through these troubling times that the world faces. Within the new spirit of internationalism, my government will move to build upon the principles established under the First Youmaton Government and pursue an active foreign policy regarding the recognition of emerging nations and protection of human rights. My government recognises the incredible dangers nations such as Kosovo, Israel, Palestine and Sahrawi all face in their ongoing struggles to maintain recognition as other nations seek to gain from their dissolution, and within such my government will move to protect these nations alongside others through the creation of the protected recognition status. Nations with the protected recognition status will become recognised by Australia under law, removing the uncertainty that comes with a change in government revoking certain recognitions recognised by the prior. The themes of peace and unity shall be recurrent within my government’s foreign agenda, promoting international cooperation and ensuring treaties signed by Australia are properly followed. My government is completely committed to the maintaining of the 1961 Antarctic Treaty, maintaining the incredible nature and wildlife of Antarctica, and ensuring scientific endeavours continue to happen across our portion of the continent. Pursuant to the commitment made by my government, additional funds will be allocated to the assistance of pacific island nations in their race to combat the coronavirus and climate change, alongside general measures to expand Australia’s cooperation with the Pacific region as the world recovers from the ongoing pandemic. Protecting our Nation from external threats is one of our far most responsibilities as a Government. My Government shall ensure that our Australia is protected and there shall exist continued funding to enable our Armed Forces to purchase modern equipment which will enable them to protect Australia better. Protecting our borders is a duty that we are all bound to, and maritime borders are no exception, therefore my Government has decided on bringing in due legislation to ensure that no nuclear armed or powered forces should be deployed within Australia’s maritime borders. In continuation with my Government’s desire to ensure that we have a peaceful world, the incoming Government has decided to issue due regulations to ensure that the use of the Australian Defence Forces must be only for defence or peace-keeping, not offensive or invasionary action, unless in the circumstances of averting a major violation of human rights in a foreign nation, or to counter the military invasion of a sovereign country, and this arrangement must take precedent ahead of international agreements. My Government realizes that wars involve heavy blood shed, and huge losses to families, therefore, to prevent a future situation of war, my Government pledges to work towards a stop on the militarisation of space, supporting initiatives to clear space debris in cooperation with international space agencies and encouraging and participating in treaties that prioritise achieving arms control and global disarmament, my Government will also make it a policy that the use of violence against civilians or against elected governments, undertaken by the state, an organisation, or particular individuals, will be rejected and combated both diplomatically and militarily with all assistance provided to countries which need them. My Government recognises that the “human” factor of the armed forces plays a very significant role in its operations, and to enable the safety and security of our women in the Armed Forces, my Government will create legislation to ensure that rape and sexual violence during armed conflict are to be tried as war crimes, under the protocols as described by the Geneva Convention. In order to promote an Armed Forces that is efficient and quick, my Government will conduct a Review into the current rank and structure of the Armed Forces and ensure we are having an efficient and workable Armed Forces and also create framework to remove all items with Royal titles and ensure that quality equipment and new generation defence equipment is given to our forces. My Government understands and recognises the contributions made by our veterans in the Armed Forces throughout their tenure of service to Australia, and therefore, my Government pledges to create and fund a Housing Program using Defence Housing Australia for all Veterans to ensure that every veteran gets access to housing upon completion of tenure of service and also issue a formal Apology to all families whose members were or are involved in wars leading to poor mental health and significant injuries and develop and implement a Veterans Strategy to ensure that all of our veterans have a comfortable return after their tenure of service. My Government recognises that in today’s world, International Cooperation is required, and at the same time, the limits for it must be drawn as well and therefore my Government pledges to strengthen global cooperation in Intelligence and look at expanding Intelligence sharing and Joint Military exercises with countries across the globe, excluding those who have committed Human Rights Violations, and primarily use arms that are banned as per International Conventions and kill indiscriminately such as landmines, cluster bombs, and depleted uranium; to ensure our military is prepared to fight in every terrain. My Government will immediately phase out joint exercises with all armed forces known to have committed human rights violations. In continuation to our aims for peace and cooperation, my Government will work to ensure that the signals intelligence base outside Alice Springs designated ‘Pine Gap’ will be closed permanently in the next five years. Our Defence Industry is one to be proud of and at the same time be promoted and therefore my Government pledges to create incentives for investors and researchers in Australia to ensure that we are able to have cutting-edge technology and military sciences in Australia and also ensure that countries that commit Human Rights Violations and their country’s corporations are not included in such schemes. My Government believes that the global arms industry is a dangerous one, and that as long as Australia is mass exporting weapons to foreign countries we have no guarantees that those weapons won’t be used to commit human rights violations, kill innocent civilians, or wage unjust wars. As such, my Government will work to set a 10 year target on reducing the size of the Australian arms industry to be a locally sustained sector that supplied the Australian military and will, eventually, no longer be an export industry. This will begin with an end to the subsidisation of exports of weaponry, weapon components, and arms fairs. In regards to Agriculture and Rural Affairs, my government shall look into eliminating the Goods and Service Tax on fertilisers and other essential farming goods that increase the yield of crops in order for farmers to gain more of a profit and have a more sustainable livelihood, and shall also look into subsidy programs for both of them. My government shall also aim to create a provincial agricultural scheme in order to increase the yield of agriculture and its efficiency in the long term, and so that farmers may benefit. My government shall make sure that Australian Postal services and banking services are accessible in rural areas, as both are essential in daily life, and should be accessible wherever people are in Australia. It is important that we also make sure that we protect the ecological health of the Lake Byre Basin, so that farmers who use the resources may be able to do so in the best possible manner with the most effective outcome. My government shall also seek and invest in methods of water extractions so that farmers can gain the water they need to grow their crops, and to counter the effects of natural disasters such as drought. Last month the people of Australia visited polling booths to decide the future of the Northern Territory and the Australian Capital Territory within their statuses in this nation. Whilst my government expresses its regret in the Australian Capital Territory not being granted equal status to other areas of the nation, it expresses its incredible joy at the notion of the Northern Territory being approved to be a state by the population of Australia. My government holds incredible regard to the mandate given by the people, and unlike prior administrations will implement the results of this national vote in full, and as such the Northern Territory will become a state of Australia by the end of this term. All aspects of the Australian economy have been hit hard by this crisis, and one of the hardest hit is Australian Manufacturing. Be it industrial hubs found in urban centers, or smaller towns in regional areas, workers and employers have been put under an undeniable stress which nobody should be forced to experience. As such, it is vital that we provide support to these hardest hit industries in our path to economic recovery. My government will follow the recommendations which have been made by the ACCC through various investigations and reports in previous periods across sectors which have been struggling, such as the dairy industry, to ensure that jobs and communities are able to stay afloat in an environment which benefits consumers, workers, and business owners. My Government will key and vital public infrastructure projects all across Australia, be they projects related to public transport, such as the supporting the Victorian Government's suburban rail loop, or projects related to water security which are found in Queensland. These projects help not only create a better environment for the community who will benefit from these projects, but provides essential work to the people who will be involved in the development of such programs. For too long have the First Nations peoples right across our great continent.had to suffer several burning injustices through their entire life. Be it the average lower life expectancy Aboriginal and Torres Strait Islanders on average experience, the economic contributions they make which are often swept under the rug, or the systemic racism they experience on a daily basis. We simply cannot sweep injustice aside, ethically, morally, or practically. My government will work towards implementing the fundamental principles of the Uluru Statement, and the recommendations of the Bringing Them Home inquiry, the Royal Commission into Aboriginal Deaths in Custody, the Ampe Akelyernemane Meke Mekarie Report, the HREOC Social Justice Reports into suicide and income inequality, and the Evatt Review. My Government will be seeking to pen a proper Treaty with Aboriginal and Torres Strait Islander communities to address the wrongs done to them since colonisation and grant them a proper voice in Australia. My government will work towards establishing indigenous recognition in the Constitution through a referendum, while recognising and acknowledging the values and contributions of Aborigional People - and furthermore will work to grant aboriginal people with a representative body that will exist in an advisory capacity with the Federal Government, elected from all first nations people in Australia. My government will continue to support the Makarrata Commission and will work with local land groups to work towards establishing a Voice to parliament, just one of the components of the Statement from the Heart. Furthermore, My government will work with those in the Northern Territory on their way to statehood to ensure that Indigenous people are able to control their own destiny, and are involved through the entire State-building process. One of the founding principles my government upholds strongly is that of environmental justice, and the ongoing battle against climate change. Climate change is a crucial issue to tackle, which is why my government shall be implementing schemes to transition workers out of non-renewable jobs, into jobs that will support a renewable economy. We shall encourage families to assist in the fight against carbon emissions by looking at a subsidy scheme for families that implement solar panels in their home, and make use of other methods to increase efficiency in the home. My Government shall seek to create an independent Environment/Climate Change commission, to advise the governments on programs and measures to counter climate change and to protect the environment, for the benefit of the people of Australia and the environment we live in. It will ensure that the Minister responsible for Climate Change will work with the Independent Environmental Commission to create yearly carbon budgets every year through to 2050, supported by a well funded and integrated emissions reduction plan that sets appropriate targets and provides reporting on all economic sectors that produce emissions on their progress towards the net zero carbon goal. My Government shall seek to end tax concessions and subsidies to businesses that actively harm the environment we live in, as the government of Australia should not assist industries that harm our environment and our wildlife. This government shall also seek to make it more difficult for corporations to clear land to protect the wildlife of Australia, as Australia has some of the most remarkable creatures on the planet, which are becoming extinct due to corporate negligence and activity. Climate change is one of the biggest existential threats facing Australia today, and as such my Government will put together specific legislation that outlines step by step goals for climate change action (phasing out of coal power, energy transition, then carbon zero) in specific legislation, and gives power to the Independent Environmental Commission to consult with and pressure the government on these actions. This legislation would include a loose target of net zero carbon by 2040, with a leeway of 10 years more if the transition experiences holdups. My Government acknowledges the importance of our watercare, and as such will adopt strong nationwide freshwater quality standards, including for pathogens, dissolved oxygen, nutrients, periphyton a.k.a. slime, and macroinvertebrate health. Furthermore, it will take action to protect waterways, wetlands and estuaries from excessive sedimentation caused by erosion and land use practices (including “spray and pray”) that lead to soil loss. As part of their efforts to protect the environment, my Government will place a complete moratorium on new coal power plants, fracking, and new offshore seabed exploration and mining. This will allow these fossil fuel industries a safe and secure transition that will allow the current projects to close naturally, while support networks are set up to get new workers into green industries and retrain previous workers. My Government will also put an end to subsidies and tax concessions for environmentally harmful industries, instead putting subsidies and support into the development of green industries and retraining to support this effort, through a Green Jobs Fund. My Government will ensure that major polluting sectors shall pay a Carbon Tax with exceptions in the field of small business and small-scale farming or agriculture. Emissions pricing should be transparently set and managed by the Independent Environmental Commission, and should incentivise emissions reduction . Further consideration will be taken to ensure business sustainability and job protection to ensure equitable outcomes. To support these efforts from the Government end, my Government will be bringing energy generation and distribution under public control in order to facilitate a swift transition to 100% of Australia’s energy being generated from renewable sources, through increases to the energy target as well as other actions such as public investment, regulations to support renewable energy generation and ensure high efficiency standards under Government care in generation, storage, and conservation. My Government will support the creation of a renewable exports industry, promoting growth in sustainable sectors for the future such as renewably-generated liquid fuel, direct connections to neighbouring countries economically, and the support of developmental green technology and energy alternatives. It will also promote agricultural, forestry, and land use regimes in which absorption of carbon emissions exceeds carbon emissions. A Government fund will be set up to research into the effects of climate change and innovative ways of combating it, alongside increased funding for environmental legal aid. To support the efforts against Climate Change from the grassroots up, my Government will put together a subsidy for individuals, families, and rental owners who work to improve the insulation of their homes, and make their homes more efficient by installing solar power generation to them. This same standard for the subsidy will be applied to new social housing to ensure that the public sector makes the effort. In respect of Social Services, my government shall aim to provide a COVID-19 Poverty Response plan in order to benefit those who are put in difficult financial situations due to the consequences of COVID-19 and subsequent policies. My government shall also aim to provide a family support payment in order to support those who are less fortunate, but have children to look after. It will consist of $178 dollars for each family for the first child, and then $112 per subsequent child to a cap of three children. This will put money in vulnerable families pockets to support their children, and get families through the hardships of the pandemic. In these times of COVID-19 and for the future, my government shall also implement a Mental Health Fund that seeks to increase youth health coverage, lower the cost of therapists and psychiatrists, train new mental health workers, and properly support people with mental health issues. This is for an effort to extend mental health support across Australia, so that all Australians may have adequate access to mental health support for the recovery of COVID-19, and beyond. On top of this, my Government will ensure that all Centrelink staff are properly trained and supported to ensure that people can promptly access their full entitlements and provide individual tailored assistance to help people find work, including people with disabilities. On top of this, my Government believes that our public media entities should be properly controlled by independent democratic boards elected from the people that work there, in order to be truly cooperative and fair businesses. Furthermore we believe that the ABC and SBS should be free from advertising, and should be funded properly to compensate for the funding they receive from advertising. The money levied off of high net assets and wealth will be used to fund the COVID-19 Poverty Response Plan. This will constitute a massive social services overhaul that will replace *all* working age benefits with a single Guaranteed Minimum Income payment of $306 per week. Sole parents, people with disabilities, and/or people who cannot work will get an additional rate of $103 dollars, bringing their base payment up to $409. The Guaranteed Minimum Income payment will apply to all working age people who cannot earn the amount of money they’re entitled to under it from working, and will have no abatement rate so as to encourage people to work more if they want more money in the pocket. This will put more into the hands of Australia’s most vulnerable workers affected by the pandemic, and will simplify beneficiary administration to lower costs in the long run. This transformative policy will mirror the successful benefit changes seen in other like-minded countries, and will give Australia the grassroots-and-up boost it needs to get back on its feet economically as we push through the pandemic, and help create a better Australia than the one that went into the pandemic. RunasSudo AK President Hon. NGSpy MP Prime Minister
Sharering (SHR) I believe this one is going to surprise so many. Already generating revenue and doing buybacks every week. Already over 10 000 registered users. Mainnet + app + masternodes and staking before EOY.
I got this stuff from Steve Aitchison, he wrote this review and posted it on Uptrennd. Figured I should put it on here as well since I truly believe this is an incredible moonshot. I'm personally holding SHR myself and am very convinced it will do extremely well. Give a read through it and you will immediatly see why. Enjoy guys. Introduction Imagine for a second the following scenario. You are a 2 car family. One car is used every day going back and forth to work, for shopping, all the little jaunts you and your husband like to go on. Your grown children are at university and come home for the weekends so the other car sits in the driveway all week and doesn’t get used during the week. What a waste of a perfectly good car. You think to yourself we could put that car to good use and actually help to pay for university fees, by renting it out during the week. However, then you think “well it’s only a little Ford Fiesta who’s going to want to rent that.” Well, it turns out a lot of people want to rent it and for a good price: £34 ($40) per day, a possible $800 per month. Peer to peer car sharing has grown massively over the last few years and people are making serious money by letting our vehicles on a daily basis, emulating the Airbnb model. In fact companies like Turo, Getaround and Drivy, which has just been acquired by Getaround for $300 Million, are bringing in serious investors like Toyota, Softbank Vision Fund, Menlo Ventures, and IAC to the tune of over $800 Million. A key difference between rental companies and peer to peer is that they have vastly improved technology with app interfaces that make locating assets and resources, reserving and using them, and making payment convenient and seamless. This, combined with location-specific analytics, allows by-the-minute access to assets and resources (e.g. cars or bicycles) and enables customers to pick up and drop these assets where and when convenient. Car sharing is just one example of an industry that is being disrupted. We have seen, experienced and read about the amazing growth of Airbnb which is now estimated to be valued at $38 Billion. Airbnb has been so successful that companies like booking.com are trying to get in on the act by adopting a similar model when it comes to booking accommodation. There is also the phenomenal rise of bicycle rentals which we see in cities all over the world, not quite the same as peer to peer sharing, but it’s another rental model that is ripe for being disrupted by the new sharing model. With this business model in mind what other areas could it be used in: Transport: Used for the rental of cars, trucks, scooters, trailers, and even heavy vehicles. Delivery Drivers: Facilitate booking and payment for delivery drivers. Agriculture: Garden sharing, seed swap, bee-hive relocation, etc. Finance: Peer to peer lending Food bank, social dining Travel Tours, shared tour groups Real Estate Airbnb, co-housing, co-living, Couchsurfing, shared office space, house swapping. Time: Labour, co-working, freelancing Assets Book swapping, clothes swapping, fractional ownership, freecycling, toy libraries. Transportation Car sharing, ride-sharing, car-pooling, bicycle sharing, delivery company, couriers And so much more! This newly emerging, but highly fragmented sharing industry, is currently worth over $100 billion. It is predicted to grow to at least $335 billion by 2025. As you can see from a few examples above the sharing economy has a lot of room to grow but what it doesn’t have, yet, is a company who can facilitate ALL of the above use cases in one place. That is until now! ShareRing is disrupting the disruptors by bringing everything together in one place and making it easy for you and me to share anything and everything and making it as easy as opening an app on your phone. Business Case The sharing market has exploded over the last several years. This is due, in part, to the digital age we live in, as we now have over 2.82 Billion people with smart phones around the world. It also due to how easy the business model of sharing lends itself to the digital world, and how with the simple installation of an app we can access a plethora of markets to rent almost anything from. Due to this rise of digital platforms and the proliferation of smartphones, revenues coming from sharing economy platforms are only expected to increase. It is estimated to grow to a $335 billion industry in 2025, compared to its $14 billion value in 2014. (PwC UK). The beauty of the sharing economy is that it is a win/win/win situation for the person who wants to rent something for a few days or weeks, the person who is renting out, and the company who facilitates the ease of the transactions between the renter and the person renting out. Typically the renter will save a lot of money whilst renting out someone else’s apartment, car, bicycle, clothes, dog sitting services etc and they can almost be assured of quality due to the social side of the business model with reviews from real people. The person who is renting out can make additional income and will want good reviews and therefore keep the standard of service higher. The company that is facilitating all of this can make a lot of money on transaction fees, as well as from advertising, and partnership deals, and obviously have an exit strategy for possible buyouts. When it comes to looking at the business model, ShareRing fits in to the Commission Based Platform as described in Ritter and Schanz study where they looked at the core difference in difference business models of the sharing economy: Singular Transaction Models, Subscription-Based Models, Commission-Based Platforms and Unlimited Platforms.) Commission Based Platforms are dominated by (at least) triadic relationships amongst providers, intermediaries and consumers with a utility-bound revenue stream. These business models enable their customers to switch between provider and consumer roles by creating and delivering the value proposition. Only a few employees work for the intermediary and the value creation and delivery is externalized. From a consumer perspective, consumers are empowered to collaborate with each other and to design the collaboration terms by negotiating the terms and conditions of the content, creation, distribution and consumption of the value proposition. Depending on the orientation of the value proposition, consumers purchase commodities (Tauschticket, ebay), access commodities in a defined timespan (booking.com, Airbnb) or buy services (uber, turo) from occasional and professional providers found via an intermediary. The intermediary mainly focuses on nurturing a community feeling and reducing exchange insecurity by incorporating rating systems, micro-assurances and standardizations of payment and delivery into the platform. The platform mainly takes commissions for successful matching and executing trade. (Journal of Cleaner Production Volume 213, 10 March 2019, Pages 320-331) The USP of the ShareRing Business Model The USP that ShareRing has is that it brings all of the different forms of sharing together in one app through partnerships and onboarding of users. No other company, to date, is bringing everything together in such a way. However there are other factors that make ShareRing unique, which we will look at. Token Economics SHR is a utility token and will be used to pay for transactions on the network, such as 'new booking', 'add asset', etc. SHR is used by providers to pay for their access to the ShareLedger blockchain, including the addition of assets, renting out of assets, adding attributes, adding smart contracts, and other features. SharePay (SHRP) is used by customers to pay for the rental of assets. Masternodes will also be a main feature of the SHR token. When a transaction fee is incurred, it will be distributed in a way that allows for masternode holders who provide a service to the platform to receive a reward from each transaction. Transaction fees are charged to sharing providers in SHR. The distribution of transaction fees will be as follows: 50% - will be distributed amongst the active masternode holders who host an active node on the blockchain at that point in time (these holders provide a service to the platform). The distribution will be based on a calculation of the Total Amount Staked and the total continuous uptime of the node. 50% - will be provided to ShareRing Ltd (view ShareRing owned masternodes) for various purposes that contribute to working capital and platform growth. Leased Proof of Stake Consensus ShareRing have chosen the Leased Proof-of-Stake protocol as the consensus algorithm for ShareLedger. This choice is based on the practicality and security benefits evident in the Waves platform. It is also much more cost effective than Proof-of-Work (POW), and will not suffer from the current issues Bitcoin and other POW cryptocurrencies are facing such as scalability and electricity consumption. As explained above master nodes will be a main feature but there is the other feature of lightweight nodes. A user with a lightweight node will be able to stake their tokens to a full node of their choosing and participate in reaching consensus. They will also be free to cancel their leasing at any time as there are no contracts or freezing periods. The more tokens that have been staked in a full node, the higher the probability the node will have in producing the next block. Since the reward is given based on the total number of tokens staked in the full node, there will always be a trade-off between the size of the full node and the percentage of the reward. As an average user of the platform, you will not need to have technical knowledge on how to set up a node nor will you have to download the entire blockchain in order to stake your tokens. Only a user who sets up a full node will be required to do this, making it simpler than ever for users to earn a reward for supporting the platform. The return expected for staking is expected to be around 6 - 8% although this has yet to be confirmed. Buybacks ShareRing are currently implementing a series of buybacks which started in the beginning of November: The buyback operation is done at a random time during the week. If there is enough liquidity, SHR tokens will be bought through a single market order at the time of buyback. In case there is not enough liquidity, a limit buy order at last sell order price will be placed on the market, and will remain open until it gets filled. The buyback program was implemented to test the API purchase process for when live transactions occur on ShareLedger The Buyback Program is expected to:
Reduce the supply of ShareTokens available in both public and private markets
Bring New capital and fund inflows into the Shareledger
Substantially magnify value creation for the ShareToken holders
The Token Flow ShareRing will bring in hundreds of merchants to list their rental products, either exclusively or as part of an aggregator system e.g. When you look at the likes of trivago.com they will list the best hotel prices from multiple merchants who are listed on their website. Essentially ShareRing will become part of the aggregator ecosystem and be listed on sites like trivago.com as well as have exclusive agreements with merchants who are listed directly on their app. ShareRing’s USP is that they have everything on one place as well as their OneID module with means buyers can get a hotel, rent a car, rent their ski equipment, book events all through the one app and using the OneID. With that in mind they are going to attract a lot of merchants. This is where it gets exciting so pay attention to this part. When a merchant is part of the ShareRing ecosystem and a buyer rents something from that merchant ShareRing will take a small % commission from that transaction. So say someone books a hotel for $100 for the night, ShareRing might take $0.50 as a commission. What ShareRing will then do is go to one of the exchanges that ShareRing (SHR) is listed on and buy SHR tokens directly using an API system using USDT. Now, the actual commission has not been disclosed yet however if we assume even a 0.25% commission that means for every $100 Million worth of bookings made through the app will net ShareRing $250,000 which means buy backs of $250,000 for the SHR token, which increases the liquidity of SHR on the exchanges. If you think $100 Million of bookings is a lot, booking.com customers book around 1.5 Million rooms per day, if we estimate an average of $50 per room that is $75 million of bookings PER DAY or $2 Billion worth of bookings per month. This revenue coupled with revenue from OneID and eVOA makes ShareRing profitable almost from day one of the app going live. OneID And eVOA Another exciting development from the ShareRing team is the collaboration between ShareRings Self Sovereign Identity protocol and third party providers to bring OneID and eVOA which will utilise OneID With the huge rise in E-commerce and with over 2.82 billion people who now own a smartphone we are entrusting our personal information to more and more centralised entities. These entities are frequently hacked and our information is leaked to outside parties. ShareRing aims to tackle this with their service OneID module. ShareRing’s OneID solution protects users' data by handling Know Your Customer (KYC) information through third parties and ShareRing’s Self Sovereign Identity Protocol. ShareRing does not hold any identifying information anywhere on its servers. It provides the ultimate security for the renter and also the provider, as the Protocol encrypts and stores your data in a secure manner within your device. Essentially, this means that it is near impossible for a hack or data leak to happen, simply because there is no centralized server of data for hackers to exploit. The OneID module is very easy to use. The end-user needs to complete their ID submission only once, with the entire submission process requiring less than two minutes to complete. Once this step has been completed, the customers KYC is destroyed by the 3rd party document verification system and the OneID module allows merchants to verify a customer’s identity via a hashed verification packet, stored on the users device and ShareLedger. This removes the need for merchants to store or see personal information; safeguarding both merchants and users from fraud. To create your ShareRing OneID, simply:
Take a picture of your government ID document
Take a selfie
Confirm and submit your details
This is something I am really excited about for ShareRing and they already have made partnerships for other companies to use this feature which is another income stream for ShareRing. eVOA E-Visa On Arrival allows applicants to apply online and receive a travel authorisation before departure – this eVOA can be shown at dedicated Thailand immigration counters on arrival at major Thailand airports, allowing travellers to pass through in minutes. OneID system is scheduled to become the lynchpin technology in Thailand’s electronic Visa On Arrival (eVOA) system; one of only two companies to partner with Thai authorities to provide this service. The new Visa system eliminates much of the hassle involved in entering the country: This is a strong validation of the OneID system - immigration controls are some of the most scrutinized processes in any branch of government, and if the OneID solution can operate to their standards then it is truly business-ready. As explained by our COO, Rohan Le Page: “We are providing our OneID product for Thailand e-VOA (Visa On Arrival) that allows 5 Million travellers from 20 countries including China and India to complete the visa process on their mobile through our app. This provides a streamlined immigration process that negates the need for an expensive and time-consuming process when you get off the plane. Additionally, fraud is mitigated with several extra layers of security in the back end including our blockchain (ShareLedger) consensus model that makes all data immutable and all but impossible to hack.” Profit Margins on OneID So how does ShareRing make money from OneID and eVOA? With each application for an eVOA using the OneID module ShareRing will make an undisclosed commission. The e-VOA is available to citizens of 21 different countries and is intended for those who will be holidaying in Thailand and not working in the country. This means that each eVOA will last for a period of around 15 days which effectively means that ShareRing will get commission multiple times from each person travelling to one of the 21 countries listed below: Andorra, Bhutan, Bulgaria, China, Ethiopia, Fiji, India, Kazakhstan, Latvia, Lithuania, Maldives, Malta, Mauritius, Papua New Guinea, Republic of Cyprus Romania, San Marino, Saudi Arabia, Taiwan, Ukraine, Uzbekistan The profits on this alone, according to projections, are worth millions of dollars per year to ShareRing, with a healthy growth of about 35% in raw profit over the next 5 years, ultimately netting the company about $1.5 million profit per quarter. The ShareLedger Blockchain Platform ShareRing will utilize the registered intellectual property from the existing KeazACCESS framework (KEAZ: A car sharing company founded by Tim Bos) as well as improving it the blockchain experience in their team. It will consist of fo the primary elements: SharePay (SHRP) – SharePay is the base currency that will allow users of the ShareRing platform to pay for the use of third party assets. ShareToken (SHR) ShareToken (SHR) is the digital utility token that drives sharing transactions to be written to the ShareRing ledger that is managed by the ShareRing platform. Account – This will be a standard account, which such an account being represented by a 24-byte address. The account will contain 4 general fields: SHRP – SharePay token balance SHR – ShareToken balance ASSETS – linked/owned by the account (see below for definition of an Asset) ATTRIBUTES – Any additional attributes that are associated with this account. These attributes may be updated or added by Sharing Economy providers that utilise the ledger such as ID checks by rental companies. These attributes may be ‘global’ (i.e. used by any sharing providers) or ‘local’ (i.e. used by a specific sharing provider). Assets – An asset represents a tangible real-world or digital asset that is being shared, such as a car, a house, industrial machinery, an e-book, and so on. Smart Contracts – Similar to a number of other blockchain platforms, such as Ethereum and NEO, the ShareLedger blockchain will feature highly customisable smart contracts. These Smart Contracts will allow for decentralised autonomous applications that can be attached to an asset and/or account. Every smart contract will be Turing complete, meaning it will have the ability to implement sophisticated logic to manage the sharing of the assets. The smart contracts will be tested and reviewed by ShareRing in a sandbox as well as audited by reputable third-party code auditors prior to implementation. Proof of Stake Consensus ShareRing have chosen the Leased Proof-of-Stake protocol as the consensus algorithm for ShareLedger. This choice is based on the practicality and security benefits evident in the Waves platform. It is also much more cost effective than Proof-of-Work (POW), and will not suffer from the current issues Bitcoin and other POW cryptocurrencies are facing such as scalability and electricity consumption. The ShareRing App At the heart of the ShareRing project lies the ShareRing app: A universal ‘ShareRing’ app is being developed that will allow anyone to easily see and use any sharing services around them. Each partner will have the option of developing a ‘mini’ app within the ShareRing app that will have functionalities specific to that partner. The app will use geolocation-based services to display the ShareRing services that are nearby Social Media Presence Coming from a social media background I feel this is an extremely important area to look into, especially in the crypto world. ShareRing has done an okay job in growing their social media presence however I feel it could be much better. Here is a look at some of the key stats for their online social media presence: Youtube: 191 Subscribers Instagram: 238 Followers Linkedin: 376 Followers Telegram: 6,525 members (very active) Twitter: 2,216 Followers (Fairly regular updates) Facebook: 1,965 Followers Whilst social media may not be a priority just now I feel there has to be a big presence with image-based platforms and video-based platforms. Youtube and Instagram should be made a priority here as it spans all generations: Other News on ShareRing There is a lot of stuff going on at the moment with ShareRing which is what makes it an exciting prospect. Rather than give information on each of them here are some highlights provided by the ShareRing team.: - ShareRing's revolutionary ID management based module OneID. - Worlds first Blockchain based eVOA in place with major Thai company targeting 5 to 10 million travellers from 20 countries. - 2.6 million International Hotels/ Accommodation coming on to the Platform. Lots more to come! - Partnership with HomeAway - 200,000 Activites, Tours and Events added to the ShareRing App - Multi Global Car Sharing Partnerships - 1 Partner Directly Integrating SHR's OneID consisting of 1.2 million Vehicles across 150 Countries - Luxury Car Brand Sharing Platform purely based on SHR - SHR payment system SHRP available in 10% Taxi Terminals in Australia - SHRP available in 10,000 EFTPOS Terminals Australia wide - White Labelling Services incorporating ShareRings revolutionary OneID - 20 Significant Unannounced Partnerships, more to come! - Major Partners include - - BYD (Largest Electric Car Maker in the World) - DJI (Largest Drone Maker in the World) - Keaz (300 locations around the world) - Yogoo EV Car Sharing - MOBI Alliance Member Overview of Positives and Negatives Negatives Social Media and marketing possibly needs to be ramped up in order to bring more awareness to the project. The roadmap and white paper has not been updated recently for 2019/2020 but this I believe is coming soon. Positives With a low market cap project like ShareRing the risk to reward ratio is very good for retail and institutional investors. Technical analysis of current prices, currently at 31 Satoshi, is also very good with resistance levels at 50, 77 and 114 Satoshi which would be nearing its all time high. Referral program will increase the numbers of users that are currently using the site. If ShareRing can capture even a small % of the overall sharing market then success looks assured. There are 20 new announcements coming up and with Tim Bos looking for more partnerships it seems likely that ShareRing will break ATH prices soon. Great long term hold, in my opinion. Realistic Expectations of ROI Short term (4 weeks - 12 weeks) Short term looks great for ShareRing both from a TA point of view and a fundamental point of view. With lots of news still to come out about ShareRing there is not going to be a shortage of fundamentals to drive the price up. From a TA point of view the next line of resistance stands at around the 50 Satoshi level which would complete a massive cup and handle formation from August 24th of this year. After that we are looking at resistances of 77 and 114 to reach near the all time highs which i expect ShareRing to reach going into 2020. Long term (6 Months - 2 Years) If ShareRing can onboard users and keep on making partnerships at the same rate there will be no stopping it. It’s all about onboarding the users and utilising the most powerful marketing tool ever - word of mouth! When a great app is realised with great and useful functionality then it tends to go viral and I am hoping this happens for ShareRing. With a market cap at the moment of just under $6 Million then I don’t think it’s crazy to talk about 1000% increases in the next 2 years and I really believe that is being extremely conservative, given where we think crypto is heading as a whole.
[DIPLOMACY] Japan Aspires to Provide Development Aid to Small Pacific Nations
Tokyo, January 2033 Due to their small size the island nations of the pacific they have never been economically prosperous. Many nations have turned to larger powers, especially to provide money, defense etc. for them. Meanwhile, Japan's economy is doing well, growth has been steady and debt is being repaid at a faster rate than it is being accumulated. Japan feels now with the United States dissolved it should take a role of providing for the nations. Japan will make proposals to each Pacific island nation it feels is in need of aid, the agreements will serve to be mutually beneficial, but with the motive to benefit the target nation, such as driving them out of poverty, enhancing industries etc.
Marshall Islands was former colony of Japan, under the Mandate on Nanyo, since then Japan has cared quite a lot about the well-being of the nation. Fishing has been a critical component of the Marshallese economy, Japan would like to licence 30 Japanese-flagged longline vessels to fish in Marshallese waters, and introduce more efficient methods of fish processing, for this Japan asks for 20% of fish profit from fish caught by Japanese vessels to go to Japan, and 10% of raw fish caught by Japanese vessels to go to Japan. This may seem like big ask, but with the industry running more efficiently Marshall Islands should be earning more than previously. Japan would also like to construct 50kW solar power plant, the location will be up to Marshall Islands, it will be operated by Japan but will provide energy to Marshallese residents, commercially sold by Marshalls Energy Company. This has been stated previously but Marshall Islands will be decreasing restrictions on Japanese visiting the nation, due to the new resort currently being built.
Cook Islands ended the free-association agreement with New Zealand just under 30 years ago. Since then things have been quiet, nobody has bothered the island nation, it has had to become self sufficient, but due to the situation of the nation this has been hard. Fishing will be a recurring theme, Japan has great interest in its own and the Pacific fishing industry, and would like to make the most of it. Japan would like to set up Japanese fishing industry in Cook Islands, with 45 Japanese-flagged vessels to fish in Cook Islands waters. The company will be owned by Japan, but the idea is to provide for the Cook Islands, most of the profits from fish caught by Japanese vessels will go to Cook Islands, but Japan requests 15%. All of the fish caught that are not sold on foreign markets will be used domestically in Cook Islands. Furthermore, Japan would like to provide economic aid in the form of $45 million per year, this money is to be used at Cook Islands discretion, but it should serve the purpose of improving quality of life, infrastructure, education in the country.
Kiribati is one of the world's poorest nations, with few natural resources. It has one of the lowest GDP per capita, and a low HDI. Japan would like to greatly increase the economic aid it is providing to Kiribati currently from $2 million to $30 million per year to act as money to pay for increasing development and quality of life of the islands. We would also like to become principal trading partner of Kiribati, greatly reducing trade barriers between the two nations and possibly total free trade in the future. We would particularly like to increase imports on cars & machinery.
Nauru is a tiny nation, third smallest sovereign nation in the world. Due to this, they have to be almost completely reliant on foreign support to make money, due to very little natural resources. Japan will want to set up a foreign aid fund as it has done with the other nations, this time providing $2 million in aid to the island nation of Nauru, the reasoning for this relative small amount of aid, is Nauru is very small, even compared to the other nations on the list, and is already fairly developed. In addition, Nauru is facing very large obesity crisis currently, over 70% of the population of the island is obese, and over 90% is classed as overweight, average BMI index is about 35. Government of Nauru has long shown interest in solving this crisis, but it has been hard with limited funding, because of this, Japan would like to directly provide $10,000 annually to anti-obesity programmes running within the country.
Samoa's economy is, actually, relatively fine. However, it has and still is heavily dependent on agriculture, although sectors like tourism and industry have been slowly climbing, we'd like to see a more drastic shift of balance. Yazaki already owns a wire-harness factory in Samoa, and this employs 2,000 workers. This makes it the largest contributor to the industrial sector in Samoa. Yazaki would like to see this industry expand, constructing another, similar factory, albeit at a smaller size only employing 1,000 workers. Tourism is also growing rapidly in Samoa, Japan would like to have direct flights from most major city airports from Japan to Samoa, increasing income for Samoan tourism. Of course, to make Samoa into a more popular tourist destination, work on development is going to have to be done, development situation in Samoa is ok, but major improvements can be made. Japan will provide $20 million yearly in development funds to Samoa, although this can be used to expand the tourism sector as well, building resorts/hotels and such, which will increase jobs in Samoa and increase money coming in from tourism.
Solomon islands is a small nation off the coast of Papua New Guinea, it's citizens have to endure one of the worst standards of living in the Pacific, and possibly even the world. This can be attributed to the poor economy, with per capita GDP of $3,200, possibly even lower. Japan would like to see Solomon Islands get out of this situation as soon as possible, and will be donating a larger amount of economic aid than others seen here, at $100 million per year. We hope this money provided will be used wisely by the government, and the situation that the nation of Solomon Islands is going through is remedied. We also believe that Solomon Islands could make profit from potential fishing industry. We'd like to re-establish Solomon Taiyo Ltd., which operated the only fish cannery in the country, which we would also like to see re-opened. Japan will also send 50 Japanese-flagged longline vessels to fish in Solomon waters. Currently these vessels will provide profits fully to Solomon Islands, to emphasise the Japanese desire of Solomon Islands economy to recover, however, we will be adding additional clause that we should be able to take some profits once the economy is back on track, although this will never be more than 20%.
Tonga is a country facing major corruption, with this, it is risky to send aid or invest, but we will do it under close supervision, if just so it is a gesture to the country that they are not forgotten. Despite the fact the economy is doing well, it is heavily dependent on remittances. This comes from half the country's population who live abroad. Tonga already has development plans of it's own and we'd like to see these come to fruition with Japanese help. Japan will help particularly in upgrading agricultural productivity, by spending $5 million to introduce more advanced harvesting methods and social security programmes to employ people in the agricultural sector in Tonga. We will also be sending $15 million in aid annually, although due to corruption we will be closely supervising how this money is used and if it is misused we will cancel all aid to Tonga.
Tuvalu was a very isolated nation, far from any other nation, let alone any major landmass. Before 2002, it was actually the best performing pacific island nation economically wise, but since then economic growth has slowed. In the not so distant past, Fiji came to proposal to Tuvalu to form a possible Melanesian Confederation, which the people and government voted yes for, since then, the nation has been prosperous, but we'd like to see further improvements. Japan would like to help out Melanesian Confederation in improving it's telecommunication capabilities. Japan has done this in the past, providing financial support in building an AM broadcast studio in Tuvalu. Now, Japan would like to focus on improving internet access, Tuvaluans have been isolated from internet, just as they have been isolated from land, and for residents of Fiji this has not been much better, internet access is a rare site outside urban areas. We'd like to install basic fibre connection, at 20mbps down link, free of charge for the Melanesian government. We would also like to provide basic financial aid package to Melanesia, at $50 Million per year being sent from Japan to Melanesia. Melanesia actually has a prosperous and diverse economy, but we would still like to have a presence in fishing industry. 50 Japanese-flagged vessels will be sent to fish in Melanesia waters, and 20% of profits from fish caught by those vessels will go to Japan.
Vanuatu is a small nation with a relatively big fishing sector, something that, as can probably be told by the recurring theme here, Japan cares quite a lot about. Japan would like to fish with 25 Japanese-flagged longline vessels, liscenced to fish in Vanuatuan waters. We would also like to introduce more advanced fishing methods that will be utilised on the Japanese ships. For this we ask for 20% of the profits from fish caught by Japanese vessels, again, this may seem like much, but with the expansion of the fishing industry Vanuatu should be better off here. We will also, like always, send economic aid in $20 million per year. We hope this proposal is taken into consideration.
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