The Carousel of Hope, the world’s premiere charity event benefiting childhood diabetes, hosted biannually by Barbara Davis, and presented by Mercedes Benz, is set for its 26th gala on Sat., Oct. 20, in Beverly Hills, Calif., at the Beverly Hilton.Oscar-winning actor, producer, director and philanthropist George Clooney will receive “The Brass Ring Award” for his outstanding artistic achievements and unprecedented humanitarian undertakings.Featured performers include soul legend Aretha Franklin, R&B and Pop icon Kenny “Babyface” Edmonds and other world-renowned artists to be announced.The legendary, star-studded gala benefits the Barbara Davis Center for Childhood Diabetes, the country’s leading care and research center for type 1 diabetes.The event’s blue ribbon committee includes Sir Michael Caine, Barbra Streisand, Denzel Washington, Sumner Redstone, Les Moonves, Paul and Maurice Marciano, Jane Fonda, Berry Gordy, Richard Gere, Carey Lowell, David Geffen, Brad Grey, Scarlett Johansson, Raquel Welch, Maria Shriver, Tom Cruise and Katie Holmes, Goldie Hawn, Sir Sidney Poitier and Sir Elton John.Jay Leno will encore as Master of Ceremonies and David Foster and George Schlatter will, respectively, reprise their roles as music director and producer.George Clooney has starred in dozens of films, including “Oceans Eleven” and “Michael Clayton,” and is a longtime advocate for the Darfur and Haitian refugees, causes for which he has generated much international attention and engaged the interest of many world leaders, and was a co-founder of the America: A Tribute to Heroes charity telethon, which raised $200 million for 9/11 families and workers.Aretha Franklin is lovingly known as “The Queen of Soul” for presenting 50 years of unparalleled entertainment; among her hundreds of accolades are an astounding 18 Grammy Awards.For the fifth consecutive time, Mercedes-Benz will be the presenting sponsor and a highlight of the evening will be the auctioning of a Mercedes-Benz.Other major sponsors include Guess? Inc., American Airlines, Estee Lauder, Moët Hennessy USA and The Beverly Hilton.Past awardees Quincy Jones and Clive Davis will also participate in the program.The Carousel of Hope galas have featured once-in-a-lifetime performances by Elton John, Sting, Stevie Wonder, Paul McCartney, Neil Diamond, Barry Manilow, Ricky Martin, Beyoncé Knowles, Rod Stewart, Frank Sinatra, Celine Dion, Bette Midler, the Jonas Brothers, Josh Groban, Jennifer Hudson and BB King.Since its founding 35 years ago by Marvin and Barbara Davis, The Carousel of Hope has raised over $75 million on behalf of the Barbara Davis Center for Childhood Diabetes in Denver, Colo. Over 6,000 children and adults with type 1 diabetes from around the globe visit regularly for specialized care. The Center also cares for children with type 2 diabetes. Both forms of the disease are increasing at an epidemic rate.Find out more here.
The lawsuit, filed by Zindel’s son David, listed more than 60 resemblances between the play “Let Me Hear You Whisper,” and “The Shape of Water.”They include the play and the movie’s basic story of the lonely janitor who works at a scientific laboratory during the Cold War, forms a loving bond with a captive aquatic creature and hatches a plan to liberate it.In the Zindel play, the creature is a dolphin. In the movie, it is a half-man, half-river creature.The lawsuit said that despite “the glaring similarities between the play and the obviously derivative picture, defendants never bothered to seek or obtain a customary license” for the rights to Zindel’s play, nor credit him.Fox Searchlight denied the claims as “baseless (and) wholly without merit.”The studio said in a statement that the lawsuit seemed timed “to coincide with the Academy Award voting cycle in order to pressure our studio to quickly settle. Instead, we will vigorously defend ourselves and, by extension, this groundbreaking and original film.”The lawsuit cited interviews given by Kraus and del Toro in which they said Kraus, an American novelist, came up with the storyline about a janitor who kidnaps an amphibian.It alleged that Kraus was aware of Zindel and his play, which was produced for television in 1969 and again in 1990.New York-based Zindel, who won a Pulitzer Prize for his 1964 play “The Effect of Gamma Rays on Man-in-the-Moon Marigolds,” died in 2003.“The Shape of Water” has already won a best picture Golden Globe and numerous acting and craft awards from film critics’ groups in the United States and elsewhere. Twitter LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Reporting by Jill Serjeant, editing by G Crosse LOS ANGELES (Reuters) – “The Shape of Water,” a contender for this year’s best picture Oscar, was hit with a plagiarism lawsuit on Wednesday, alleging that its fantastical plot about a romance between a cleaning woman and a mysterious river creature was lifted directly from an American stage play.The lawsuit, filed in federal court in Los Angeles, alleged that director Guillermo del Toro, producer Daniel Kraus and movie studio Fox Searchlight “brazenly copies the story, elements, characters and themes” from a 1969 play by the late Paul Zindel.“The Shape of Water” has a leading 13 Oscar nominations at the March 4 Academy Awards ceremony, including nods for best picture and best director. The lawsuit was filed the day after ballots went out to some 8,000 members of the Academy of Motion Picture Arts and Sciences, who vote on the Oscar winners. Facebook Michael Stuhlbarg, Doug Jones, Michael Shannon, Sally Hawkins, Octavia Spencer and Richard Jenkins attend the premiere of “The Shape of Water” in Los Angeles, California, U.S. November 15, 2017. REUTERS/David McNew Advertisement Advertisement Login/Register With:
Silva says it was the secretary general of the United Nations who appointed him to the special advisory council and added that charges against him have escalated since the appointment.Major General Shavendra Silva also said that the journalist had remained silent for some time but has once again commenced his efforts targeting the human rights committee meeting scheduled to be held in Geneva next month. The Sri Lanka Broadcasting Corporation however does not mention the name of the journalist but it is believed he is a correspondent covering UN affairs in New York. Sri Lanka’s Deputy Permanent representative to the United Nations Major General Shavendra Silva has said that a certain foreign journalist is all out to discredit him just before the UN Human Rights Council session in Geneva.The UN has been criticized for appointing Silva to the Special Advisory Council on peacekeeping operations owing to the war crimes allegations raised against him by some human rights groups. Silva told State radio that a certain journalist who always acts with malicious intent against Sri Lanka is now trying to discredit him before the local and the international community through unfounded allegations of war crimes.
At least the pilot of @easyJet EZY8879 takes the time to inform passengers about the problems with the flight control system @Gatwick_Airport. Compliments! #LGW #Gatwick #Easyjet pic.twitter.com/IuHGDgVyaK— Bart Scheffer (@bartscheffer) July 10, 2019 Passengers on flights grounded at the airport posted photographs on Twitter to complain about the delays to their flights.The suspension of flights follows disruption to 140,000 passengers’ flights over Christmas when reports of a drone flying near the airport’s runways caused the cancellation of more than 1,000 flights.The chaos cost the airport £1.4m, it said earlier this year. Gatwick Airport suspended flights for more than an hour on Wednesday evening due to a “systems issue.”The airport said that an “air traffic control systems issue” in its control tower caused it to suspend flights, likely disrupting hundreds of passengers.Flights began to take off and land again after 7pm once the issue was resolved.A spokesman for Gatwick Airport said that it worked with the provider of its computer system to get the flight control system back online.”If you are travelling this evening please check the status of your flight with your airline before travelling to the airport, as we return to full operations,” a spokesman said. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings.
ASOBALblazevicPick Szeged As rumoured, Alen Blazevic (26), one of the most talented Croatian players from the generation ’86, is moving to Pick Szeged. With the Hungarian club he signed a two-year contract, and has previously played for Gorenje, Cimos Koper, Nexe and then moved to Spanish ASOBAL, an episode of his life which is now ended. ← Previous Story Milutin Dragicevic back to Constanta Next Story → Chema Rodriguez to MKB Veszprem!!
THE MATCH BETWEEN Munster and Leinster tonight will be an absolutely cracking game.The people you want to lose least to are your mates, the people you know best.There have been some humdingers in recent years, with Leinster having the cut of the jib recently. However, with a rejuvenated Paul O’Connell and Ronan O’Gara, who will no dobut feature off the bench, this will be a serious test for the visitors.ROG played exactly the game he had to against Harlequins last weekend. It was great to see him back to his best. As for Paul, you can see the hunger with which he is playing with. He is an immense presence.Donnacha Ryan put in a great shift and, as I’ve said before, he will be a stalwart of the Munster and Ireland teams for years to come. Peter O’Mahony was brilliant and Casey Laulala and James Downey, particularly, brought some fearsome physicality to bear in midfield.There is no love lost between Leinster and Munster but I was delighted for them last weekend. They went up against the Premiership champions, on their patch, and tore them asunder.D’Arcy and BOD reunitedIn Ian Madigan, Leinster are very lucky to have a ready-made replacement for Jonny Sexton.I played with him for a while at Blackrock, after I retired, and you could see what a special talent he was. He is an amazing kid with massive confidence and skills to burn. He will try anything on the pitch. It doesn’t always work out but Leinster have benefited greatly from his attacking instincts in the past.We all know just how much it means to Leinster to have Brian O’Driscoll returning at such a crucial stage of the season.A pivotal player to their hopes of silverware, though, is Gordon D’Arcy. He was having a cracking season up until he picked up his foot injury during the Six Nations. In the past, D’Arcy has suffered without O’Driscoll alongside him but he excelled in his absence this season.Gordon D’Arcy evades Ronan O’Gara. (©INPHO/Billy Stickland)[Leinster coach] Joe Schmidt is a wily customer and he will know the importance of claiming silverware, be it cup, league or both, by the season’s end.Memorable momentsThe 2001 Celtic League Final was a crazy game. It was a huge occasion at the time, played out in front of a packed Lansdowne Road. Our win helped us build the momentum that would lead to Heineken Cup success down the line.After 15 minutes of the match, Eric Miller was sent off. We didn’t panic and stuck to the gameplan set out by Alan Gaffney and Matt Williams. We were going up against them, seven versus eight, in the scrum and it was some battle. Paul Wallace, with his gammy ankle, was a Trojan in the scrum that day.The 2009 Heineken Cup semi-final, which Leinster won 25-6, stands out too but there have been so many super games. The build-up to the matches is like a Heineken Cup weekend.Both sets of players always go hell-for-leather at each other. The mentality is ‘do not give a blade of grass to the opposition’. The Leinster and Munster rivalry has really driven Irish rugby for well over a decade now.*Shane Byrne’s publication, Club Rugby Magazine is available monthly in the Irish Independent. Follow the magazine, and all the latest rugby news, on Twitter @ClubRugby1It’s Paul O’Connell versus Brian O’Driscoll, 18 months in the makingMunster need to beat Leinster before focusing on Clermont – James Coughlan
After seeing what Nvidia’s quad-core Kal-El processor was capable of doing on an Android tablet, there was speculation (and hope) that the muscle-bound silicon would wind up inside Amazon’s “Hollywood” tablet which is due out later this year.With a massive content delivery network at its behest, and its very own Android Appstore, Amazon is well-positioned to provide a seamless tablet experience that can really compete with Apple and the iPad — so the company isn’t going to settle for middling hardware in its debut devices. Amazon wants to impress, but it looks as though Nvidia won’t be providing the horsepower.AdChoices广告According to a DigiTimes source, the Amazon tablets will utilize TI OMAP processors — certainly a capable core, as owners of the BlackBerry PlayBook can attest. No specifics were revealed, however, so until Jeff Bezos makes with an official revelation (or tipsters decide to spill the beans) we’ll have to wait patiently for full details. DigiTimes also reports that touch panels are being provided by Wintek — who has provided internals to the likes of Apple and Nokia in the past.Amazon has lofty goals for its tablets, hoping to ship between 700,000 and 800,000 per month in 2011. With a launch now expected as soon as August, that’s a healthy 4 million tablets on the top end — which should inject a healthy dose of competition into the Android tablet scene.Price points have yet to be revealed, but let’s hope Amazon plans on shaking things up a little. Frankly, I’m starting to feel a sense of deja vu every time another OEM announces a $499 32GB Android tablet. Amazon, of course, wants to lock customers in as life-long book, music, and video purchasers, so the company might just be willing to slim down profit margins on its hardware in order to entice buyers. Fingers crossed.More at DigiTimes
The English Premier League is currently in the edge of the relegation zone, but this week they play against two teams at the bottom of the table.With 25 points in 26 matches, Newcastle United is currently in the 16th position of the English Premier League table.The Magpies is dangerously close to the relegation zone, as they are just one point ahead of 18th-place Southampton.But this week is very important for them, as they will play against lower-table teams Huddersfield Town and Burnley.“It would be silly to think that we don’t care,” winger Matt Ritchie told The Chronicle.“Every player is playing for themselves, their futures, or whatever they have for themselves – but we also understand we are at a big football club in Newcastle United.”“We want success and success in different places is different. For us, to stay in the Premier League is a success,” he continued.“We need to keep working the way we have done. I said in an interview the other day that our performances levels have been high.”“We have managed to pick up some points but we need to continue that.”“We need more good performance levels. I am sure with that will come the points we required,” the midfielder continued.Liverpool legend Nicol slams Harry Maguire’s Man United form Andrew Smyth – September 14, 2019 Steve Nicol believes Harry Maguire has made some “horrendous mistakes” recently, and has failed to find his best form since joining Manchester United.Newcastle’s next rivals Huddersfield are at the bottom of the relegation zone with 11 points.And Burnley is just two points ahead of the Magpies in the 15th position.“Every game is huge now, every week,” he said.“Where would we be without the win over Man City? The bottom three.”“That shows how tight it is and that every game is huge, whether they’re in the top two, top six or the bottom three – every game is huge,” he added.“We approach every game with the mentality we can get three points. If we don’t get three we want one.”🎥 Rafa Benítez spoke to NUFC TV after today’s 1-1 friendly draw against CSKA Moscow in Spain.Watch the full interview for free: https://t.co/yPEpAuCEXO #NUFC pic.twitter.com/UkpNceB32S— Newcastle United FC (@NUFC) February 16, 2019
A stalemate over extending the so-called middle class payroll tax break dragged on Thursday as the Senate rejected dueling proposals from both parties. Democrats want to pay for the tax cut with a surtax on income exceeding $1 million per year.“The choice today was clear, and Republicans made the wrong one,” said U.S. Sen. Patty Murray, D-Wash. “Instead of standing with Democrats and middle class families to extend and expand a critical tax cut, Republicans chose to stand with millionaires and billionaires and protect them from paying a penny more toward their fair share.”Meanwhile, House Republicans promised to put forth their own bill to extend the payroll tax cut and unemployment benefits next week. House Speaker John Boehner, R-Ohio, said during a press conference that the bill would include a controversial provision to allow construction of an oil pipeline from Canada to Texas. President Barack Obama immediately threatened to veto the bill if it contained the pipeline construction, according to ABC News.Without congressional action by Dec. 31, the Social Security payroll tax will climb from 4.2 percent this year to 6.2 percent next year. Under that scenario, about 160 million middle-income American families, including 3.5 million in Washington, would see their take-home earnings decline by about $1,000 per year, Murray has said. Clark County residents earning the median income of $56,351 per year would lose $1,127 in take-home earnings next year, according to an estimate by Murray’s office.That would take a toll on an already weak economy, Murray said.The Democratic senator has been at the forefront of the impasse over the tax cuts. On Wednesday, she took the Senate floor to implore Senate Republicans to approve a Democratic compromise.
Police have identified the two people involved in Sunday morning’s serious injury crash between Salmon Creek and Brush Prairie.The crash was reported around 9:30 a.m. in the 7400 block of Northeast 159th Street. According to the Clark County Sheriff’s Office, a 2006 Nissan Maxima was eastbound on the roadway and made a left turn into a business in front of a westbound 2002 Triumph motorcycle.The driver of the motorcycle, Garrett Delano, 25, of Vancouver was thrown from the motorcycle and landed in a ditch, according to the sheriff’s office. He was transported to PeaceHealth Southwest Medical Center, where he was listed in critical condition Monday evening. Hillsboro, Ore., resident Mary Apeland, 47, was the driver of the Nissan Maxima. The sheriff’s office is investigating and has not issued any citations so far. Speed and impairment were not apparently involved in the crash, according to the sheriff’s office.
Matanuska Telephone Association members are being asked to vote against Regulatory Commission of Alaska fees for local service during a special election this month. MTA serves Valley and Anchorage members. It is a non-profit, member-owned cooperative, and one of only two telephone cooperatives in the state which are still operating under RCA local controls, according to MTA CEO Michael Burke.“What we are referring to, is what’s called the Regulatory Cost Charge. And if you look at your local phone bill, you will see a line item that says Regulatory Cost Charge or RCC charge, and that is an amount of money that we collect from our customers each month on our bill, and then we turn around and remit that money to the Regulatory Commission of Alaska.”Burke says the fee is small, around a dollar a month or less, but the 28 thousand members of MTA pay it every month, and that adds up. He says MTA’s board wants to exempt local telephone services from the RCA fees to save an estimated $150,000 to $175,000 in member’s costs annually. Additional costs related to RCA tariff filings by MTA staff cost the phone company about $75,000 a year. He says MTA members will be only slightly affected if the ballot is approved.“And that’s really the main impact that most customers will see, they will just see that line item going away and their bill will be a little bit less every month. We will be able to streamline our processes in terms of not have to go through all these filings we have to make that are not doing anybody any good. ”MTA is already exempt from RCA regulations for digital television, wireless telephone and internet services.Rodney Crum, RCA’s consumer protection and information officer, says the cooperative has asked for the deregulation, and RCA will count the ballots. Half the ballots have been sent out already and the other half will be sent out in March. MTA members have 30 days to respond. Crum says at least fifteen percent of the ballots must be returned to be counted, if not, the regulation stays.
New Delhi, Aug 1: The Supreme Court on Wednesday reserved its order on the issue of referring to the constitution bench a petition on the constitutional amendment for providing 10 per cent reservation for economically weaker sections (EWS). A bench headed by Justice S.A. Bobde reserved the order on whether the matter requires to be referred to the constitution bench or not after hearing the parties. Also Read – Trinamool, BJP activists scuffle at Dilip Ghosh’s event Advertise With Us Attorney General K.K. Venugopal said the 10 per cent reservation had not violated the basic structure of the Constitution. Justifying the government decision, he said that reservation to the EWS was an attempt to benefit the poor in the general category who have been deprived of the facility so far. He told the bench that the Constitution (103 Amendment) Act, 2019, granting 10 per cent reservation to EWS, is intended to uplift around 200 million people who are still below the poverty line even after 70 years of Independence. Also Read – NRC in Assam to be released: list to finalize if a person is Indian or Foreigner Advertise With Us The bench observed that poor people need the help of the state, not the rich ones and made it clear that it would deal with the issue of interim relief of a stay after deciding whether the matter was required to be referred to a Constitution bench. The Attoney General also added 50 per cent limit is not mandatory, citing the Tamil Nadu High Court which has upheld state government decision granting more than 50 per cent reservation in the state. Advertise With Us He said that government must care for the welfare of the poor people. Appearing for one of the petitioners, senior advocate Rajeev Dhawan said the matter should be referred to a larger bench to decide the question of basic structure as the 103rd Amendment alters the definition of equality, a basic feature of the Constitution, in terms of both “width” and “identity”. Dhawan contended that 10 per cent quota for EWS was in breach of the ceiling declared by the top court by its earlier Constitution bench judgments. On July 1, the apex court refused to stay the Centre’s decision to grant 10 per cent quota in jobs and education to economically-weaker sections (EWS) of society, saying the matter required hearing at length. On April 15, the Union Cabinet had approved provision of reservations in admission for EWS students in central educational institutions.
BNPBangladesh Nationalist Party (BNP) senior leader Abdul Moyeen Khan on Wednesday alleged that ruling party men are repressing women and indulging in various misdeeds across the country with the ‘blessings’ of the government.”How is it possible to violate a young girl promising her to help get admitted to a college? The offenders couldn’t dare commit such a misdeed without the blessings of the government and administration that control power,” he said.Speaking at a human chain programme, the BNP leader further said, “I’m forced to say it with a serious concern that Bangladesh has been put under the grasp of evil forces. It’s my question whether are we living in a civilised country or in an African jungle?”Jatiyatabadi Mohila Dal, BNP’s women wing, arranged the programme in front of the National Press Club condemning and protesting at the violence against two women in Bogra unleashed by ruling party men.The leaders and activists of the organisation registered their protest against the incident wearing black clothes in their heads.According to media reports, Bogra town Sramik League convener Tufan Sarker with the help of his party cadres abducted a female student from her home and raped her last month.Sramik League is the workers’ wing of ruling Bangladesh Awami League.The ruling party men allegedly beat up the girl and her mother, and shaved their heads as they went to local councillor Rumki’s house seeking justice on Friday.Police arrested Tufan, his wife, mother-in-law, councillor Rumke and some other perpetrators in connection with the incident.Moyeen, a BNP standing committee member, asked the government to let people know who pampered Tufan and his associates to commit such heinous crime. “The sources of power of the offenders are guns and terrorism. The country can’t run in this way.”To get rid of the current situation, the BNP leader urged the government to hold a fair election under a neutral administration quitting power. “I would like to say the government should step down, and arrange a fair election if it has minimum sense of shyness.”He alleged that repressive acts and all forms of misdeeds have got spread during the rule of the current government as it has destroyed all the state and social institutions.BNP senior joint secretary general Ruhul Kabir Rizvi alleged the government is regularly arresting journalists and sending them to jail using the section 57 of the ICT act as Sheikh Hasina established one-party rule Baksal in a different form.He termed a historic incident the release of the full text of the Supreme Court verdict that annulled 16th constitution amendment at a time when the ruling party men established a reign of terror across the country.The BNP leader said this verdict has created a bit of fresh hope among people to have the rule of law restored in the country.Speaking at the programme, Mohila Dal president Afroza Abbas urged the government to punish those arrested in connection with the torture of the two Bogra women by shaving their heads the way they did it with the victims.She also demanded the government ensure the highest punishment for main accused Tufan, his brother and other culprits.
Bypass login after Windows 10 Updates by Martin Brinkmann on April 23, 2016 in Windows – Last Update: July 05, 2017 – No commentsSome Windows Updates require a restart of the computer to complete the installation process.Whenever that happens, and you have not configured the system to bypass the login prompt automatically, you are asked to enter account credentials to continue. The login prompt is displayed in this case and the desktop is not loaded until the account password is entered.This can be a nuisance even though it is usually not the end of the world. Can be a problem if Windows Updates are installed automatically and you are not present when that happens.When you come back to the PC or device, you are greeted with a login prompt and not the desktop.If the desktop would be loaded right after installation of updates, programs that are configured to autostart with the system would run with less interruption.Microsoft added an option to Windows 10, or more precisely, the upcoming Anniversary Update of the operating system that is out this Summer, that allows you to configure machines running the operating system to bypass the login prompt temporarily during system updates or upgrades.Bypass login after Windows 10 UpdatesYou need to do the following to configure the feature:Tap on the Windows-key on the computer keyboard, type regedit.exe, and hit the Enter-key afterwards.Confirm the UAC prompt that is displayed afterwards.Use the tree hierarchy on the left to navigate to the following key: HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\WinlogonRight-click on Winlogon and select New > Dword (32-bit) Value from the context menu.Name the new Dword ARSOUserConsent.Double-click on the newly created Dword and set its value to 1.To undo the change, either delete the created Dword again by right-clicking on it and selecting the delete option, or by setting its value to 0.You are probably wondering what is happening in the background after you enable the feature. Windows stores the password temporarily if updates or upgrades request a restart of the operating system.This password is then used this one time to sign the active user back in without displaying a login prompt. It works exactly like the permanent automatic sign in feature in this regard but with the difference that it works only when updates or upgrades require a restart and not all the time.The feature can be useful at times, especially if you keep a machine running when you are not around, and have not configured it to download and install updates only on request. (via Deskmodder)SummaryArticle NameBypass login after Windows 10 UpdatesDescriptionFind out how to bypass the login prompt when operating system updates or upgrades on Windows 10 require a restart to finalize installation.Author Martin BrinkmannPublisher Ghacks Technology NewsLogo Advertisement
May 6, 2019 Enroll Now for Free Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Opinions expressed by Entrepreneur contributors are their own. If you’ve been paying attention to the blockchain and cryptocurrency space recently, you’ve likely noticed more and more mentions of a new abbreviation: “IEO,” which is short for initial exchange offering.Related: 5 Signs an Initial Coin Offering Is a ScamSo, you’re probably wondering: What’s an IEO, why are so many people talking about it, and how is it different from an ICO (initial coin offering)? To answer those questions, let’s take a deep dive into this new IEO concept and learn why initial exchange offerings more and more are considered trendier and likely to replace the ICO.Why ICOs aren’t cutting it anymore.If you’ve participated in an ICO (initial coin offering), chances are you got your coins by going directly through the blockchain project’s website. And that makes sense, because it’s easy to see the appeal of the ICO model. For one thing, ICOs –at least theoretically — facilitate decentralized, crowd-funded project support. And that means that if you believe in a project’s promise, you can support it without its needing to prove a high net worth or approach the gatekeepers that we call financial institutions.Yet ICOs are also highly unregulated. And while stringent regulation isn’t necessarily a better scenario, there’s plenty of evidence that the gold rush mentality of peak, unregulated ICO fervor has had plenty of undesirable outcomes. A 2018 Boston College study found that over 50 percent of projects studied had failed within four months of their ICOs.And, while new startups are more likely to fail than succeed in any industry, there’s some evidence that criminal intent — not just bad luck or misguided business plans — factors into this high failure rate among ICOs. A Statis Group study of 2017 ICOs concluded that while the majority of funding dollars went to high-quality ICOs, the majority of tokens purchased benefited scams.Of course, learning that an ICO has failed due to incompetence rather than malice is hardly a consolation if you hold that ICO’s tokens. The financial loss stings either way. That’s why the SEC has taken an increased interest in ICOs, cracking down on what it sees as unregistered securities sales. Projects interested in avoiding such SEC scrutiny, meanwhile, have shied away from ICOs. Token purchasers worried about losing funds have backed off from the ICO format, as well.Why IEOs, in contrast, show promiseYou can lessen, but not eliminate, the risks of participating in a token sale if you do robust research. But research takes time and effort. That’s why, at the end of the day, you’ll feel better about your purchasing decision if you secure the input of a trusted expert, in addition to your own opinion. That’s where IEOs come in.Projects launching an IEO typically partner with an exchange to sell their new tokens. Purchasers go through the exchange, not the project’s website, to purchase tokens. This arrangement solves problems for all parties involved:Purchasers can be confident that their IEO tokens have undergone a vetting.Projects can outsource marketing and KYC/AML compliance to exchanges with significant staff and resources while benefiting from their exchange partner’s professional reputation among traders.For the exchanges themselves, IEOs can be lucrative because the exchanges charge partners sign-on fees and a cut of each sale. They can also corner the market on a hot new token.Related: Watch Out for These Cryptocurrency ScamsSo, are there any downsides? Definitely, but it’s not clear if those downsides are enough to slow down the IEO trend. Specifically: Exchange involvement is supposed to add a layer of reassurance and reliability for both token purchasers and sellers. But unfortunately, not all exchanges are trustworthy; some have been accused of poor management or lax security measures. In addition, a small percentage have been exposed as frauds. And certainly any of them are capable of making well-intentioned but ultimately misinformed or unlucky judgments about potential partnerships.In fact, a prestigious exchange takes on reputational risk by participating in an IEO. That’s why Bittrex pulled out of the RAID IEO after learning about that project’s partnership troubles. As mentioned, exchanges also take a cut of IEO proceeds. So while the risk may be worth it for many blockchain teams,the exchange’s cut will affect consumer prices and the project’s total revenue.Some blockchain enthusiasts dislike IEOs simply on principle, objecting to the centralization of revenue flow in a decentralization-oriented space.While IEOs certainly adhere much more closely (than do ICOs) to the principles of consumer protection espoused by the SEC, they’re hardly in the clear with regulators. Exchanges, not just ICOs, have tangled with the SEC and other regulatory bodies regarding adherence to securities laws.New York State’s Department of Financial Services, for example, rejected a “Bitlicense” application from Bittrex that would have given that exchange permission to operate in the Empire State. Another example? The SEC brought formal charges against the founder of EtherDelta, citing operation of an unregistered securities exchange.Accusations like these, however, can go both ways: Ocean blamed the underwhelming sales its first IEO attracted on its attempts to comply with U.S. securities regulations.The past, present and future of the IEOSo, can the IEO work as a fund-raising tool? Results over the past few months signal that the answer is yes: KuCoin’s new IEO platform, “KuCoin Spotlight,” for instance, sold out its MultiVac IEO in seven seconds, raising over $16 million. Hong Kong company Percival raised $35 million through its IEO partnership with Coineal. Bibox has launched a lottery and rewards subscription program to address the overwhelming demand for its IEOs. And the Blockcloud token sale reportedly sold out within one second — though critics pointed out this was likely impossible without substantial bot participation.What lies ahead for IEOs? It’s hard to say for sure, but the future will certainly be shaped by how the crypto community self-polices, how regulatory bodies do (or don’t) intervene and how effectively blockchain projects themselves create feasible use cases.Related: Should You Launch an ICO to Raise Money for Your Startup?Utility tokens hold long-term value only when they have functional platforms that people use. That being said, IEOs don’t create those valuable, next-generation platforms. But they could become stable fundraising tools for the companies building them. 6 min read
Revenue from tourism rose 28 per cent, to €110m, year-on-year in March, far below the overall 36 per cent increase in arrivals, as Cyprus continued to attract more tourists with smaller travel budgets, the statistical service said.In the first three months of the year, the amount spent by tourists in Cyprus rose 20 per cent compared to the respective quarter last year, to €201.1m, Cystat said in a statement on Tuesday. Tourists arrivals rose in the first quarter an annual 29 per cent.Tourists from the UK, Cyprus’s main market, which plunged into economic uncertainty two years ago after voters decided to leave the European Union, spent €575.12 on average during their stay on the island, or 23 per cent less compared to March 2017, Cystat said.The overall number of UK tourists rose 25 per cent, to 54,571, offsetting the drop in spending.In the case of visitors from Russia, which became the second largest source of tourism in recent years, spending fell an annual 7.4 per cent, to €571.82, which was also more than offset by a 14 per cent annual increase in arrivals to 19,910, Cystat said.The overall average spending per visitor fell 6.4 per cent to €572.48, Cystat said.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Pensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’UndoThree arrested in connection with hotel theftsUndoby Taboolaby Taboola
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