Thứ Hai, 3 tháng 7, 2017

Waching daily Jul 3 2017

If the financial system can't withstand economic shocks

the results are catastrophic

10 years ago when the global financial crisis hit

it spread panic for a banking system built on weak foundations

Global production plummeted

Round the world the number of people who lost their jobs soared

People took to the streets as governments around the world had to use public funds,

your money to save banks from failure in order to prevent a global depression

A decade on has anything changed?

In short yes, and here's how

G20 countries through the Financial Stability Board have rebuilt the financial system

so that it serves society, not the other way round

By fixing the fault lines that caused the crisis the financial system is now

safer

simpler

and fairer

How is the financial system safer?

A safe banking system needs to have enough capital

That's the money that bank owners put on the line to absorb unexpected losses

So that they can withstand economic shocks

large banks now need to have 10 times more capital than before

In addition a decade after the crisis

G20 reforms have brought shadow banking

bank like activity that was away from the gaze of regulators into the light

relative to where we were in 2007

the toxic parts of shadow banking have shrunk by 40 percent and been made safer

and through various reforms

other shadow banking activity has been transformed into resilient market-based finance

that is more transparent, robust and useful to the real economy than before.

How is the system simpler?

in 2007 the complexity of the financial system meant that when the crisis hit, distress spread rapidly

The G20 reforms are driving change

take the 500 trillion dollar global markets for derivatives contracts

which companies use to manage their risks

Before the crisis derivatives formed the complex and fragile web between banks.

If one big bank were to go down

panic followed because no one knew which other banks might be next

A decade on we've untangled this web to create a simple hub-and-spoke model

where these trades now go through single central counterparties

Now if a big bank fails the rest carry on operating as before

What about a Fairer financial system?

A decade ago, it was heads I win, tails you lose, for the big banks

They enjoyed high profits during good times,

but during tough times they relied on government bailouts because they were too big to fail

This had to change and it is

We're nearing the point where large banks can fail without bringing down the rest

Today it is no longer the taxpayers

but the banks investors who would foot the bill for the failure

and you can see this in the biggest banks credit ratings

which show the fall in the subsidies

A decade on market discipline is back

What about bankers pay?

Before the crisis Bankers were paid generous cash bonuses regardless of the long-term risks involved

This encouraged short-term thinking

contributing to the Global financial crisis

But now there are new international standards

which mean that bonuses awarded today are paid out in installments over a number of years

and bonuses can be clawed back, if it emerges that senior people haven't behaved responsibly

While there remains more to be done, a decade on individual responsibility is returning

To summarize, G20 countries have led a reform effort to fix the fault lines that caused the last crisis

The financial system is now safer, simpler, and fairer

But just as a footballer needs to focus on where the ball is going, not where it is now

We are scanning the Horizon for new and emerging risks and addressing them before they get out of hand

That way the financial system can concentrate on serving households and businesses

So you can concentrate on what really matters to you

For more infomation >> How is the financial system safer, simpler and fairer than before? - Duration: 4:21.

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Here's Why Plastic Is SO MUCH Worse Than You Think! - Duration: 3:21.

Hey there and welcome to Life Noggin.

The other day I decided to be a good roommate and gathered up some trash to get rid of in

my apartment.

All those extra bits of code my animator creates can really add up!

We don't have to worry about landfills or the effects that waste has on the environment

here in the digital world, but the trash you create in your human world can add up to some

pretty bad consequences, especially with plastic.

But why is plastic so bad?

To begin our journey to find out why, let's take a trip to one of your earthly landfills.

Plastic can take up to 1000 years to break down and it also has the potential to leak

harmful pollutants into the soil.

The chemical components of plastic can be absorbed by humans and may lead to negative

health effects.

Not only that, but plastic production uses up a large amount of our fossil fuels.

A report based off of 2008 data found that the amount of chemical energy contained in

the millions of tons of plastic in US landfills was equal to about 37 million tons of coal

or 139 million barrels of oil... and that was 9 years ago!

So plastic is bad for the turf, but what about the surf?

If you take a look at the waters of the world, you'll find that plastic pollution can really

wreak havoc on the oceanic ecosystem.

Nobody knows this more then our sea turtle friends, where the majority of their population

will be injured or killed by plastics in their lifetime.

Not only that, but plastic is often found blocking their breathing passages and stomachs

along with doing the same to countless other marine species such as dolphins and whales.

Plastic can also break down in the ocean into small particles the size of plankton.

These little pieces collect toxins like DDT and PCBs at levels up to a /million/ times

the levels found in seawater!

These toxins then enter the food chain when any aquatic life accidentally ingests the

plastic.

It might even make its way to you the next time you go to a seafood buffet!

Trash and plastic in the ocean goes further down the rabbit hole of doom by threatening

biodiversity.

Plastic debri can serve as floating transportation to foreign and alien species, allowing them

to hitchhike to new and unfamiliar parts of the world.

This is common with barnacles and algae.

These new invasive species can become detrimental to the local ecosystem.

I don't know about you, but The Hitchhiker's Guide to The Ocean sounds like a pretty trashy

prequel to me.

So what can you do to help?

While it will certainly take a global effort to counter the negative effects of plastic

waste, you can still be part of the change!

You can start by picking greener options when you get the chance, like bringing your own

reusable bags to the grocery store.

Many different types of plastic are also now recyclable, so make sure to recycle when you

can and not throw them in the trash or let them litter your beautiful planet.

Your friendly neighborhood Blocko is on the job!

See, if we all work together, we can keep this wonderful world a beautiful place to

live our lives to the fullest and nourish those sweet noggins!

Let me know down in the comments below ways that you help to protect the environment!

Make sure you come back every Monday for a brand new video.

As always, I'm Blocko and this has been Life Noggin.

Don't forget to keep on thinking!

For more infomation >> Here's Why Plastic Is SO MUCH Worse Than You Think! - Duration: 3:21.

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YOU STOLE MY PENTA! THE DPS BUILD QUINN IS BROKEN | QUINN TOP SEASON 7 | League of Legends - Duration: 11:06.

Be careful

My quadra my quadra!

Nice

Nice sweetie

Koma: Did I steal your penta?

Yes i did, i killed kindred

I dont know, does not matter

Koma: oh pls no

Dont do a invade! x2

oh well ok, Invade them

Wow Katarina have mastery 7 okay

Ok Galio is there

Kindred marked you in the botlane?

Koma: eh not now, in the botlane no

Ok

Ok nice!

Oh, i dont have wards, I have to be careful

And i dont have fash either

No!, she killed me

Nice...

Koma: She did a trilple kill

Koma: Ok nice shut down, you have more gold for that

Yep yep its something

Koma: LoL, that ultimate

Koma: Kindred in the botlane

Galio is dead here i guess

Koma: Kindred in the dragon now, let me see

Koma: oh no, im going

You will come?

Koma: I can not leave Vayne alone, they'll kill her

Koma, oh fuck my life

Oh, shit you are alone

Kindred no have ultimate

Ok nice

Koma: Ok, my rotation not was bad

Yeah, not bad

Koma: Shit!

Koma: Noo! my ¨Gosu¨!!

Koma: No!!

it seems that he doesn't know to play Vayne

What is Vayne doing

Why did not Vayne run?

Oh Vayne is dead again, really?

Ok i will be the ADC for this game

Lux ultimate?

Wow...

im going

Okay unlucky

shit, really?!

Eat me x5

eat me! Koma?

Thank you

Is vayne dead?

Yep, she is dead

LoL Rammus

Be careful

My quadra my quadra!

Nice!

Nice sweetie

Koma: Did I steal your penta?

Yes i did, i killed kindred

I dont know, does not matter

Cya

Where are you? omg you are persecuted by many people

I stay here?

No? no ok no

O what? are you alive?

Koma: Damn

Easy...

Oh i miss my Q LoL

lol

Okay..

Koma: im the best!

god damn

too many damage!

AHH! Fuck!

Koma: Why are you coming back?

I have my last item!

i dont know if this is a good place for my tp

Okay...

Nice thanks!

Oh im dead...

Oh bad tp

Noo! o well Vayne kill everyone

Vayne is dead? our vayne?

no? ok no, she is there

She is happy, ok fire drake an finish this game

ok nice! my last item

now will make a teamfight, finish the game

i want make a pentakill

Oh you fighting now!

go go! ¨wey¨

go wey! ok nervermind

Easy!

oh well i dont maked a pentakill but quadra is good

Koma: Yes not bad, I intentionally stole l the penta

Yes i know

GG

For more infomation >> YOU STOLE MY PENTA! THE DPS BUILD QUINN IS BROKEN | QUINN TOP SEASON 7 | League of Legends - Duration: 11:06.

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Phil Jones says their packed pre-season is perfect preparation for the upcoming PL season - Duration: 2:06.

Phil Jones says their packed pre-season is perfect preparation for the upcoming PL season

Manchester Uniteds packed pre-season schedule, with seven matches to be played in a little over two weeks, will boost players fitness and prepare them for the start of the Premier League campaign, according to Phil Jones.

United, who finished sixth in the league last season, start their pre-season fixtures with a five-match tour of the United States where they face Los Angeles Galaxy, Real Salt Lake, Manchester City, Real Madrid and Barcelona.

The Europa League winners then travel to Norwegian side Valerenga in Oslo before a trip to Ireland where they face Italys Sampdoria.

Jones told the club website: The more matches you play, the more match-fit you are and seven games will give everyone a chance to get minutes under their belts.  You need everyone at a good level for the start of the season.

This season will be the second under Jose Mourinho, and Jones says that the manager will have every detail of the tour planned out.

He said: We know exactly what the manager expects from us and he knows the players inside and out.

Hell have organised this pre-season period exactly how he wants it - when well train, when well rest and when well have commercial work to do. Im sure it will be a great tour and Im looking forward to it..

After their pre-season, United take on Champions League winners Real Madrid in the UEFA Super Cup in Macedonia on August 8, four days before the start of the new league campaign.

For more infomation >> Phil Jones says their packed pre-season is perfect preparation for the upcoming PL season - Duration: 2:06.

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How is the global financial system simpler than before? - Duration: 0:53.

How is the financial system simpler than before?

In 2007 the complexity of the financial system

meant that when the global financial crisis hit

distress spread rapidly

The G20 reforms are driving change

take the 500 trillion dollar global market for derivatives contracts

which companies use to manage their risks

before the crisis, derivatives formed a complex and fragile web between banks

If one big bank were to go down, panic followed

because no one knew which other banks might be next

A decade on, we've untangled this web to create a simple hub-and-spoke model

where these trades now go through single central counter-parties

Now if a big bank fails, the rest carry on operating as before

For more infomation >> How is the global financial system simpler than before? - Duration: 0:53.

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How is the global financial system safer than before? - Duration: 0:58.

For more infomation >> How is the global financial system safer than before? - Duration: 0:58.

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How Philly is fighting mass incarceration - Duration: 7:40.

According to the Philadelphia Inquirer, Philly has the highest incarceration rate

of the country's 10 biggest cities.

But two years ago, as part of a MacArthur grant,

the city made a commitment to reduce that number.

And it's working.

Philly's cut down its prison population by 18% since 2015.

"We were on our way to a good place."

"I have never seen so many people agree on one thing in my history as a councilman."

"And then there was a bump in the road, and it was called President Trump."

"From this day forward, a new vision will govern our land."

"The crime and the gangs and the drugs…"

"This American carnage stops right here and stops right now."

Joshua Glenn is an advocate in Philadelphia,

helping kids stuck in the criminal justice system find a positive way out.

Joshua says that in 2005, he was wrongly arrested for aggravated assault with a weapon,

and he ended up stuck in jail when he couldn't pay the $2,000 bail to get out before trial.

"I waited in jail for 18 months until my case was dismissed."

"They never really had evidence."

"The reason why the cops even targeted me was because of the community I lived in,"

"and they knew that I was part of a group of friends which they would call a gang maybe."

"Was there ever any question of your family being able to get that $2,000 together,"

"or was it just like, 'This is not happening'?"

"Look, I didn't even think about it."

"I didn't call my mom."

"I didn't even call anybody in my family because I knew they didn't have that money."

"We were living in a very dire, bad situation when I left."

"That's a part of the reason why I was in the street in the first place, you know?"

"And I wouldn't want them to raise that money."

"Even if they could raise that money, I know that would be all they had."

So without even being convicted of a crime, Joshua spent a year and a half in prison.

"What was going through your mind when you were getting arrested,"

"even just like the first night or few days in jail as you were waiting?"

"I was scared, you know?"

"I was petrified, you know?"

"It's just like the streets: you can sell drugs there, you can fight, you can hurt people."

"It's just a lot of drama, and all those things bring more drama."

"It was just a horrible experience."

Lawmakers in Philadelphia plan to prevent more people in Josh's situation

from languishing behind bars.

To find out how, I went to visit Councilman Curtis Jones, Jr.,

who is co-chair of Philadelphia's Special Committee on Criminal Justice Reform.

"We looked at our bail system."

"We were paying $132 a day."

"We could have, on average, if it's what, $34,000 dollars to incarcerate a year,"

"we could send someone to college for that money."

"And so we started looking at this madness."

"We said, 'We can do something different; we can do something better;'"

"'and we can do something less costly.'"

"And that's what happened at the lead of the MacArthur grant."

At a nearly 20% reduction, Philly was called a "top performer" by the MacArthur Foundation

and was well on its way to hitting its initial goal of a 34% reduction by 2019.

The city has achieved these early results by implementing reforms

like an Early Bail Review process for people accused of nonviolent offenses,

and decriminalizing marijuana possession and other petty crimes.

But in January, the political climate changed overnight.

President Trump's choice for Attorney General, Jeff Sessions,

has historically taken a draconian stance on non-violent drug crime.

In the 90s, as Alabama Attorney General, he pushed legislation that would have instituted

a mandatory minimum death sentence for drug dealers who are repeat offenders,

even those who only deal marijuana.

But he doesn't want to just go after dealers.

"And trying to send that message with clarity that good people don't smoke marijuana."

And as US Attorney General, he's doubled down on his tough-on-crime efforts and rhetoric.

"I have empowered our prosecutors to charge and pursue the most serious offense —"

"as I believe the law requires — the most serious, readily-provable offense."

"Are you concerned that you will not be able to meet the goal,"

"or not be able to do it as quickly, given Trump and Sessions?"

"So there's always concern; we will never be afraid."

"We are committed to criminal justice reform and providing restorative justice models"

"that work, that are data-driven, that can help not only reduce crime,"

"but also reduce our tax dollars."

"So we'll find a way to patch it together."

One of the next steps that many here hope they can still push through is an end to cash bail.

Bail is supposed to be an incentive.

You pay bail, and then when you show up for court, you get the money back.

The problem, according to Joshua and other activists,

is that too many people living in poverty find themselves in the same situation he did:

unable to pay and forced to stay in jail.

"Ending cash bail would be a definite way to reduce the prison population."

"I mean, most people are locked up and held in there just because they can't pay bail,"

"and that's solely the only reason."

"The money that we're spending to hold them in jail, if we could reverse that"

"to help them with pretrial services, I think that it'd change the whole process."

As an activist, Joshua remains somewhat skeptical of government efforts to solve criminal justice issues,

and he thinks that local voters need to push for deeper changes to the system itself.

"When I talk to folks on the corner, I say, 'Look: the DA race is more important than'"

"'the presidential race in our communities right now.'"

"'Because they're the ones that are locking our folks up.'"

"'They're the ones that are going to deal with our folks that are consistently'"

"'being targeted and going through the system, so we have to do something about it.'"

"And most folks I talk to are like, 'Alright, yeah, I want to get involved.'"

This year, advocates like Joshua Glenn got a DA candidate

who truly aligns with their cause: Larry Krasner.

A longtime civil rights attorney who has defended Black Lives Matter activists

and has sued the police 75 times, Krasner seemed like a long shot for Philly's district attorney,

but he quickly gained traction thanks in part to large charitable donations,

but also thanks to grassroots work from people like Joshua.

"A lot of people are locked up in our community, so they see the DA before they see the president."

"So yeah, they need to understand that."

"Do you want a DA that's going to help you change your life?"

"Or do you want a DA that's going to end your life?"

"And so yeah, that was just my main argument with them, and everybody I talked to was like,"

"'Look, I want to get involved.'"

"'I didn't even know the DA race was happening.'"

"'I didn't even know we voted DAs in here.'"

"Like, people don't know the process, you know?"

"And this is just about simple education."

And their efforts worked.

"Larry Krasner has won the Democratic primary for District Attorney in Philadelphia,"

"easily beating six other Democrats in the race."

Larry Krasner won the Democratic primary for DA,

and he's expected to sail through the general.

"There's a lot of things that need a new start in criminal justice,"

"and we intend to go very directly in the direction of integrity."

It was seen as a massive win for both criminal justice reform, and the broader effort

to use the power of local government to resist the policies of the Trump administration.

And Joshua says a lot more can be done.

"We met with groups all around the nation that are trying to end cash bail,"

"so I know it's not just Philly."

ANDY: "No, it seems like it's a real movement now." JOSHUA: "Yeah, it's a movement now."

"I have faith in people, you know?"

"And I think if we can cause a big ruckus, then we can get results."

"We have to change it."

"If we really want to have a safe society,"

"we have to change these policies that are set up to kill our communities."

For more infomation >> How Philly is fighting mass incarceration - Duration: 7:40.

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Is the global financial system any fairer than before? - Duration: 1:18.

Is the financial system any fairer than before?

A decade ago in the global financial crisis struck

it was heads I win tails you lose for the big banks

They enjoyed high profits during good times

but during tough times they relied on government bailouts

because they were too big to fail

This had to change and it is

We're nearing the point where large banks can fail without bringing down the rest

Today it is no longer the taxpayers, but the banks investors

who would foot the bill for the failure

and you can see this in the biggest banks credit ratings

which show the fall in the subsidies

A decade on market discipline is back

What's about bankers pay?

Before the crisis bankers were paid generous cash bonuses

regardless of the long-term risks involved

This encouraged short-term thinking contributing to the global financial crisis

but now there are new international standards which mean that bonuses awarded today

are paid out in installments over a number of years and bonuses can be clawed back

if it emerges that senior people haven't behaved responsibly

While there remains more to be done a decade on

individual responsibility is returning

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