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Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Participam via videoconferência:
senador Vanderlan Cardoso (PSD-GO);
senador Esperidião Amin (PP-SC);
senador Izalci Lucas (PSDB-DF);
senador Styvenson Valentim (Podemos-RN);
assessor econômico da Presidência do Banco Central do Brasil (BC), Fábio Araújo;
coordenador-geral de Sistemas Financeiros e Acompanhamento Setorial do Ministério da Economia, Daniel Gersten Reiss;
diretor-executivo de Inovação, Produtos e Serviços Bancários da Federação Brasileira de Bancos (Febraban), Leandro Vilain;
professora do Programa de Tecnologias Inteligentes e Design Digital da Pontifícia Universidade Católica de São Paulo, Dora Kaufman.
Foto: Roque de Sá/Agência Senado
1 INTRODUCTION
Over the one-year period from 19 December 2017 to 18 December 2018 I found a total of 55 Phloiophilus edwardsii beetles at the sites I regularly visit in north-east Cumbria. Photos of 14 of these have previously been uploaded to Flickr and a further eight have been submitted exclusively to iRecord. As there is relatively little county data for this species (See Section 3) I thought it might be worthwhile collecting together all of the available photos in a single montage (Photo 1) and producing a written summary of my observations.
2 IDENTIFICATION
I found my first Phloiophilus edwardsii on 19 December 17 on a fencepost at the edge of woodland in the Finglandrigg Wood Nature Reserve. As it was only about 2.5mm in length, it proved to be impossible to produce any decent shots with my bridge camera and so it was collected and examined later in the day under a microscope. It was eventually identified using Unwin's AIDGAP key* as a member of the Phloiophilidae family, with some of the critical anatomical features being as follows: filiform antennae with 3-segmented clubs; hind tarsi with no lobed or bi-lobed segments; five segments to the front, middle and hind tarsi (See photo of 19/12/17 for details).
Fortuitously, the UK Beetle Recording Scheme includes only a single species in this family, ie Phloiophilus edwardsii, and as this proved to be an excellent match photographically, there was no reason to question this identity.
Although only a handful of the 55 recorded specimens were examined under a microscope, this beetle is so distinctive (in particular the combination of size, patterning and antennal details - all of which can be easily checked with a magnifying loupe) that I have no doubt that all specimens have been correctly identified.
However, I feel obliged to point out that none of my reported sightings has yet been independently verified.
3 RECORDS
At the time I discovered my first Phloiophilus edwardsii, the Cumbria Biodiversity Data Centre were still providing NBN Gateway with county records, and thankfully I took a copy of the relevant page from NBN Atlas (the CBDC later withdrew county records from this organization). The data consisted of just six entries, four of which related to specimens collected (not necessarily from Cumbria) over the period 1902 - 1922, and just two sightings, from February 1992 and October 2002. .
At the time of writing, NBN Atlas lists 141 national records for this species, the vast majority of which are for the southern half of the UK.
4 WHERE THEY WERE FOUND
The sites at which the beetles were discovered are listed below, along with with the total counts recorded over the 12-month period.
Low Ploughlands: 24
Finglandrigg Wood: 18
Kingmoor Sidings: 5
Kingmoor South: 2
Gelt Woods: 4
Talkin Tarn: 1
Farlam: 1
It should be noted that Low Ploughlands borders Finglandrigg Wood, and these two sites were visited weekly, weather permitting. Also the Kingmoor reserves are within walking distance of my Carlisle home and so these were checked out even more frequently. However, the remaining three sites are all in the Brampton area and were visited much less often.
From memory, all findings were made either under or in close proximity to mature broadleaf trees - oak and beech in particular. The vast majority were found on fenceposts (which I tend to focus on when searching for insects in general) with the rest on other man-made wooden structures, eg gateposts, bridge handrails etc.
5 WHEN THEY WERE FOUND
The monthly counts are shown in histogram form in Photo 2, which also includes dorsal and ventral views of a specimen found in Finglandrigg Wood on 15 October 18.
It can be seen that all sightings were made during the colder months of the year - with the counts peaking in December and January - which is consistent with the known behaviour of this insect. Interestingly, NBN Atlas includes records for every month, whereas I found nothing from April to September - despite the fact that the inspection frequency would have been somewhat higher over these months due to the more favourable conditions.
6 PHOTOS
Photographs were taken of only 22 of the 55 specimens recorded, and these are arranged in date order, from top left to bottom right, in Photo 1. The basic details are listed below.
01 Finglandrigg Wood, 19 December 17 (M)
02 Kingmoor South, 23 December 17 (M)
03 Low Ploughlands, 26 December 17
04 Low Ploughlands, 12 January 18
05 Finglandrigg Wood, 16 February 18
06 Finglandrigg Wood, 15 October 18 (M)
07 Finglandrigg Wood, 13 November 18 (M)
08 Finglandrigg Wood, 23 November 18
09 Kingmoor Sidings, 1 December 18
10 Low Plouglands (1 of 5), 3 December 18
11 Low Plouglands (2 of 5), 3 December 18
12 Low Plouglands (3 of 5), 3 December 18
13 Low Plouglands (4 of 5), 3 December 18
14 Low Plouglands (5 of 5), 3 December 18
15 Farlam, 9 December 18
16 Talkin Tarn, 9 December 18
17 Kingmoor South, 11 December 18
18 Gelt Woods (1 of 4), 12 December 18
19 Gelt Woods (2 of 4), 12 December 18
20 Gelt Woods (3 of 4), 12 December 18
21 Gelt Woods (4 of 4), 12 December 18
22 Kingmoor Sidings, 17 December 18
Most of the shots were taken with my bridge camera with the insects alive, either in situ or temporarily placed on a piece graph paper; however, those marked with an (M) in the list above were photographed dead using the integral camera on my SX10D microscope.
7 MEASUREMENTS
Eleven specimens were measured, either by photographing the insect on a piece of mm-square graph paper or by using a calibrated microscope. The lengths were found to range from 2.5mm to 3.5mm, with a mean value of 2.85mm and (for what it's worth!) a standard deviation of 0.32mm. For the record, the individual values, arranged in date order, were as follows: 3.2, 3.1, 2.6, 2.5, 2.5, 2.6, 2.8, 3.0, 2.8, 3.5, 2.8.
8 COMMENT
It might seem a little surprising that one person - with no background in entomology - can find a total of 55 Phloiophilus edwardsii beetles within a 15km radius of Carlisle in the space of a year; whereas NBN Atlas currently only lists 141 records for the entire United Kingdom, accumulated over a period of several decades!
As I'm not aware of any identification difficulties with this species, I can only assume that the massive under-reporting is due to a combination of its small size, its relatively dull colouring, and that it's most often active during autumn and winter. On this last point, the fact that I check out at least 500 fenceposts per week, every week of the year (weather permitting), probably explains a lot!
9 FUTURE RECORDING
As this little beetle is not easy to photograph in situ (at least not with my camera!), and as it would appear to be locally common and widespread, in future I only intend to record sightings at new locations.
21 December 2018
* A key to the families of British beetles, D. M. Unwin, FSC Publications (2015)
The Globalists thrgh their #CentralBanks are trying to get More & More countries to have a #CBDC as The currency they use... ❎ The Globalists crowd created this (app. The Social Credit System is related/connected to #CBDCs !) ⤵️, To limit people' freedom OR completely take all Their freedom away from them..! 😠 What they'd be able to do with #CBDCs , They are Already doing these things to us now..❕ They're Already taking away the websites that we're with, Our fiat bank accounts, our crypto accounts.. it's irritating, scary..! We have to have things that They caNt take away from us..
expose-news.com/2023/07/09/cbdcs-are-a-solution-for-a-pro...
Cryptocurrency is no longer banned in India! From ‘Banning Cryptocurrency’ in 2019 to ‘Introducing Cryptocurrency Regulation Bill’ in 2021, Indian government’s stand on cryptocurrency has witnessed a massive shift in the last 4 years. Earlier, the government was against selling, mining or receiving cryptocurrencies and totally prohibited banks from supporting crypto transactions.
Now, Indian government has introduced a bill to regulate cryptocurrency transactions in the country. Called as ‘The Cryptocurrency and Regulation of Official Digital Currency Bill’, it lists certain rules and regulations on cryptocurrency transactions. The government is now open to experiment the crypto market and allow cryptocurrency transactions.
“The whole idea of Indian government is to ‘regulate’ cryptocurrency transactions, and not ban them”
RBI’s Stand On Cryptocurrency
While the Indian government wants to regulate crypto transactions, the Reserve Bank of India is completely against cryptocurrencies, as it sees them as a threat that has the potential to cause financial instability. This is because cryptocurrencies foster financial freedom and do not have a central regulatory system like banks.
With the increasing popularity of cryptocurrencies like Bitcoin and Ethereum, RBI has its own plans to introduce an official digital currency in the near future. Finance Minister Nirmala Sitharaman has announced in her recent budget speech that RBI will introduce a blockchain based Central Bank Digital Currency (CBDC) by 2023. If CBDC becomes a reality, it will be set a massive crypto storm in India.
Cryptocurrency Tax Regime
Indian government has recently announced a tax regime for cryptocurrency transactions. Flat 30 per cent tax should be paid be people who gain income from their crypto or virtual digital assets (VDAs). Cryptocurrencies and NFTs fall under these. Even in case of losses, the tax amount has to be paid. When it comes to digital / virtual gifts, the recipient of the gift will be taxed.
The announcement of the tax regime comes in wake of the increasing frequency of crypto transactions. The tax regime has no negative effects on the cryptocurrency prices in the market.
Tax regime is imposed only on cryptocurrencies and NFTs. They will not affect digital payments like Google Pay, Paytm or Amazon Pay. One must not confuse between crypto transactions and digital payments.
Who Will Be Impacted By India’s New Crypto Tax Regime?
The new tax law will have a major impact on
• The buyers and sellers of cryptocurrencies, who engage in crypto trade in crypto exchanges such as CoinDCX, WazirX, Kuber match and more will be taxed.
• Not just the buyers and sellers, even the crypto exchanges in India who indulge in transactions to get supplies of cryptocurrencies from other countries to sell domestically will be taxed. Their profits and revenue will be impacted.
• People who buy cryptocurrencies from Indian exchanges will have to pay the 1% TDS.
• People who own NFTs and virtual assets or gifts will be taxed.
• In-app purchases and reward points offered by apps and social media organizations will be impacted by the crypto tax regime.
• There are also chances for dating, gaming and social media apps to be taxed 1% TDS as they come under virtual digital assets, according to the government.
To conclude, as of now, Indian government has made up its mind to support and regulate crypto trade and transactions. The government has future plans to introduce their own RBI-backed cryptocurrency. Despite the recent announcement of the crypto tax law, traders and businessmen involved in crypto trade seek more clarity from the government on the taxing process. India does not involve in mining of cryptocurrencies, therefore it has to buy them from outside the country, being subjected to the crypto tax law.
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Em pronunciamento via videoconferência, professor da Escola de Administração de Empresas da Fundação Getúlio Vargas (FGV), Eduardo Henrique Diniz.
Foto: Roque de Sá/Agência Senado
Empicoris vagabundus found on a fencepost at the edge of woodland to the south of Little Bampton Common in the Finglandrigg Wood Nature Reserve, 25 August 18.
I didn't even know what Order of insect this belonged to when I first had a look at it with my magnifier, and I almost dismissed it as a crane fly of some sort. However, after a closer examination I spotted the rostrum and eventually realised what it was - my first Assassin Bug!
All shots were taken using the integral camera on my SX10D microscope with the insect alive: Photo 1 at 10x, Photos 2 and 3 at 20x, and Photo 4 at 40x magnification. It was measured at 6.4mm in length.
The photos might have their flaws but they're the best of about 200 taken over several sessions spread over two days, and in view of the challenges involved I'm very happy with them!
As the CBDC have withdrawn county data from NBN, I don't know how scarce this bug is within Cumbria. Although Tullie House has 8 preserved specimens of Empicoris vagabundus, only one of these appears to have been collected from within the county (from Durdar to the south of Carlisle) and this was in 1941. Make of that what you will!
(See Photo 1 for note on identification.)
Ghostly outlines in cardiff butetown - lloyd george avenue
The history of this boulevard style road:
Lloyd George Avenue is an avenue in Cardiff, Wales. Roughly one mile long, the road links the Inner Harbour of Cardiff Bay to Cardiff city centre and forms part of the A470 road. It runs parallel to Bute Street and the Butetown Branch Line. Landscaping on the route was completed in 2000, and Collingdon Road was renamed after Liberal prime minister David Lloyd George.
The original concept, a scheme by Cardiff Bay Development Corporation (CBDC), envisaged the removal of the railway line along Bute Street to create a continental-style boulevard, initially named Bute Avenue, with a Light Rapid Transit system, a park and recreational facilities. The Welsh Office required the CDBC to use the Private Finance Initiative to construct Bute Avenue. Due to high costs, the LRT element of the project was abandoned, but a new road was built as part of a £120 million PFI scheme.[1][2] After the wind-up of the CBDC in March 2000, all property rights and liabilities for the Bute Avenue project transferred to the Welsh Development Agency.
source: wikipdedia
1 INTRODUCTION
Over the one-year period from 19 December 2017 to 18 December 2018 I found a total of 55 Phloiophilus edwardsii beetles at the sites I regularly visit in north-east Cumbria. Photos of 14 of these have previously been uploaded to Flickr and a further eight have been submitted exclusively to iRecord. As there is relatively little county data for this species (See Section 3) I thought it might be worthwhile collecting together all of the available photos in a single montage (Photo 1) and producing a written summary of my observations.
2 IDENTIFICATION
I found my first Phloiophilus edwardsii on 19 December 17 on a fencepost at the edge of woodland in the Finglandrigg Wood Nature Reserve. As it was only about 2.5mm in length, it proved to be impossible to produce any decent shots with my bridge camera and so it was collected and examined later in the day under a microscope. It was eventually identified using Unwin's AIDGAP key* as a member of the Phloiophilidae family, with some of the critical anatomical features being as follows: filiform antennae with 3-segmented clubs; hind tarsi with no lobed or bi-lobed segments; five segments to the front, middle and hind tarsi (See photo of 19/12/17 for details).
Fortuitously, the UK Beetle Recording Scheme includes only a single species in this family, ie Phloiophilus edwardsii, and as this proved to be an excellent match photographically, there was no reason to question this identity.
Although only a handful of the 55 recorded specimens were examined under a microscope, this beetle is so distinctive (in particular the combination of size, patterning and antennal details - all of which can be easily checked with a magnifying loupe) that I have no doubt that all specimens have been correctly identified.
However, I feel obliged to point out that none of my reported sightings has yet been independently verified.
3 RECORDS
At the time I discovered my first Phloiophilus edwardsii, the Cumbria Biodiversity Data Centre were still providing NBN Gateway with county records, and thankfully I took a copy of the relevant page from NBN Atlas (the CBDC later withdrew county records from this organization). The data consisted of just six entries, four of which related to specimens collected (not necessarily from Cumbria) over the period 1902 - 1922, and just two sightings, from February 1992 and October 2002. .
At the time of writing, NBN Atlas lists 141 national records for this species, the vast majority of which are for the southern half of the UK.
4 WHERE THEY WERE FOUND
The sites at which the beetles were discovered are listed below, along with with the total counts recorded over the 12-month period.
Low Ploughlands: 24
Finglandrigg Wood: 18
Kingmoor Sidings: 5
Kingmoor South: 2
Gelt Woods: 4
Talkin Tarn: 1
Farlam: 1
It should be noted that Low Ploughlands borders Finglandrigg Wood, and these two sites were visited weekly, weather permitting. Also the Kingmoor reserves are within walking distance of my Carlisle home and so these were checked out even more frequently. However, the remaining three sites are all in the Brampton area and were visited much less often.
From memory, all findings were made either under or in close proximity to mature broadleaf trees - oak and beech in particular. The vast majority were found on fenceposts (which I tend to focus on when searching for insects in general) with the rest on other man-made wooden structures, eg gateposts, bridge handrails etc.
5 WHEN THEY WERE FOUND
The monthly counts are shown in histogram form in Photo 2, which also includes dorsal and ventral views of a specimen found in Finglandrigg Wood on 15 October 18.
It can be seen that all sightings were made during the colder months of the year - with the counts peaking in December and January - which is consistent with the known behaviour of this insect. Interestingly, NBN Atlas includes records for every month, whereas I found nothing from April to September - despite the fact that the inspection frequency would have been somewhat higher over these months due to the more favourable conditions.
6 PHOTOS
Photographs were taken of only 22 of the 55 specimens recorded, and these are arranged in date order, from top left to bottom right, in Photo 1. The basic details are listed below.
01 Finglandrigg Wood, 19 December 17 (M)
02 Kingmoor South, 23 December 17 (M)
03 Low Ploughlands, 26 December 17
04 Low Ploughlands, 12 January 18
05 Finglandrigg Wood, 16 February 18
06 Finglandrigg Wood, 15 October 18 (M)
07 Finglandrigg Wood, 13 November 18 (M)
08 Finglandrigg Wood, 23 November 18
09 Kingmoor Sidings, 1 December 18
10 Low Plouglands (1 of 5), 3 December 18
11 Low Plouglands (2 of 5), 3 December 18
12 Low Plouglands (3 of 5), 3 December 18
13 Low Plouglands (4 of 5), 3 December 18
14 Low Plouglands (5 of 5), 3 December 18
15 Farlam, 9 December 18
16 Talkin Tarn, 9 December 18
17 Kingmoor South, 11 December 18
18 Gelt Woods (1 of 4), 12 December 18
19 Gelt Woods (2 of 4), 12 December 18
20 Gelt Woods (3 of 4), 12 December 18
21 Gelt Woods (4 of 4), 12 December 18
22 Kingmoor Sidings, 17 December 18
Most of the shots were taken with my bridge camera with the insects alive, either in situ or temporarily placed on a piece graph paper; however, those marked with an (M) in the list above were photographed dead using the integral camera on my SX10D microscope.
7 MEASUREMENTS
Eleven specimens were measured, either by photographing the insect on a piece of mm-square graph paper or by using a calibrated microscope. The lengths were found to range from 2.5mm to 3.5mm, with a mean value of 2.85mm and (for what it's worth!) a standard deviation of 0.32mm. For the record, the individual values, arranged in date order, were as follows: 3.2, 3.1, 2.6, 2.5, 2.5, 2.6, 2.8, 3.0, 2.8, 3.5, 2.8.
8 COMMENT
It might seem a little surprising that one person - with no background in entomology - can find a total of 55 Phloiophilus edwardsii beetles within a 15km radius of Carlisle in the space of a year; whereas NBN Atlas currently only lists 141 records for the entire United Kingdom, accumulated over a period of several decades!
As I'm not aware of any identification difficulties with this species, I can only assume that the massive under-reporting is due to a combination of its small size, its relatively dull colouring, and that it's most often active during autumn and winter. On this last point, the fact that I check out at least 500 fenceposts per week, every week of the year (weather permitting), probably explains a lot!
9 FUTURE RECORDING
As this little beetle is not easy to photograph in situ (at least not with my camera!), and as it would appear to be locally common and widespread, in future I only intend to record sightings at new locations.
21 December 2018
* A key to the families of British beetles, D. M. Unwin, FSC Publications (2015)
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Em pronunciamento via videoconferência, professor da Escola de Administração de Empresas da Fundação Getúlio Vargas (FGV), Eduardo Henrique Diniz.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Assessor econômico da presidência do Banco Central do Brasil, Fábio Araújo, em pronunciamento via videoconferência.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Empicoris vagabundus found on a fencepost at the edge of woodland to the south of Little Bampton Common in the Finglandrigg Wood Nature Reserve, 25 August 18.
I didn't even know what Order of insect this belonged to when I first had a look at it with my magnifier, and I almost dismissed it as a crane fly of some sort. However, after a closer examination I spotted the rostrum and eventually realised what it was - my first Assassin Bug!
All shots were taken using the integral camera on my SX10D microscope with the insect alive: Photo 1 at 10x, Photos 2 and 3 at 20x, and Photo 4 at 40x magnification. It was measured at 6.4mm in length.
The photos might have their flaws but they're the best of about 200 taken over several sessions spread over two days, and in view of the challenges involved I'm very happy with them!
As the CBDC have withdrawn county data from NBN, I don't know how scarce this bug is within Cumbria. Although Tullie House has 8 preserved specimens of Empicoris vagabundus, only one of these appears to have been collected from within the county (from Durdar to the south of Carlisle) and this was in 1941. Make of that what you will!
(See Photo 1 for note on identification.)
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Em pronunciamento via videoconferência, professora do Programa de Tecnologias Inteligentes e Design Digital da Pontifícia Universidade Católica de São Paulo, Dora Kaufman.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Assessor econômico da presidência do Banco Central do Brasil, Fábio Araújo, em pronunciamento via videoconferência.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Em pronunciamento via videoconferência, diretor-executivo de Inovação, Produtos e Serviços Bancários da Federação Brasileira de Bancos (Febraban), Leandro Vilain.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Em pronunciamento via videoconferência, professor da Escola de Administração de Empresas da Fundação Getúlio Vargas (FGV), Eduardo Henrique Diniz.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Em pronunciamento via videoconferência, diretor-executivo de Inovação, Produtos e Serviços Bancários da Federação Brasileira de Bancos (Febraban), Leandro Vilain.
Foto: Roque de Sá/Agência Senado
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
news.bitcoin.com/chinas-central-bank-digital-yuan-transac...
China's Central Bank: Digital Yuan Transactions Reach $250 Billion
China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official stated that digital yuan in circulation amounted to 16.5 billion yuan. Moreover, the total number of digital yuan transactions hit 950 million, with 120 million wallets being opened.
The PBOC launched pilot trials for the digital yuan at the end of 2019 and has been testing the digital currency in various cities across China, including Suzhou, Shenzhen, Xiongan, and Chengdu. In July, the city of Jinan implemented digital yuan payments for public transportation fares. The Shanghai Clearing House also recently added support for digital yuan settlements. Meanwhile, Bank of China expanded digital yuan testing to SIM cards and NFC payments.
___
By any measure, China grew at a higher rate than the U.S., yet the mainstream media all reported the sky is falling in China.
www.economist.com/finance-and-economics/2023/07/17/how-mu...
How much trouble is China’s economy in?
Growth is faltering and the country is flirting with deflation
www.theguardian.com/business/2023/jul/17/china-gdp-growth...
China GDP growth falls short of expectations as sinking property prices hit economy
Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first 3 months of 2023
China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sinking property prices sapped consumer confidence.
Compared with a year earlier, China’s GDP in the April-June period was 6.3% larger, the national bureau of statistics said on Monday, quickening from the 4.5% annual growth pace for the first three months of 2023. Economists had forecast growth to accelerate to 7.3%, according to a Reuters survey.
For the June quarter alone, growth slowed to 0.8% from a 2.2% quarter-on-quarter clip in the March quarter. That pace, though, exceeded predictions of a 0.5% expansion.
Also for June alone, China’s retail sales grew 3.1% compared with May’s 12.7% surge. Analysts had expected growth of 3.2%, Reuters said.
The moderate growth numbers are likely to stoke expectations of further government efforts to stimulate the economy to ensure a 5% growth target is reached for 2023. Monday’s preliminary numbers show the economy grew 5.5% for the first six months.
NAB, an Australian bank cuts its forecast for China’s growth in 2023 to 5.2%, from 5.6% previously. It left its forecasts for 2024 (4.5%) and 2025 (4.8%) unchanged.
www.reuters.com/business/retail-consumer/us-retail-sales-...
US retail sales rise moderately; economy plodding along
▫️Retail sales increase 0.2% in June; May data revised higher
▫️Core retail sales rise 0.6%; May data revised up
▫️Manufacturing production falls 0.3%
WASHINGTON, July 18 (Reuters) - U.S. retail sales rose less than expected in June as receipts at service stations and building material stores declined, but consumers boosted or maintained spending elsewhere, which likely kept the economy on a solid growth path in the second quarter.
Overall, the mixed report from the Commerce Department on Tuesday painted a picture of consumer resilience, though slowing momentum in spending growth. It did not change expectations that the Federal Reserve would resume raising interest rates this month after keeping them unchanged in June.
"The forces meant to hold back real spending power after 16 months of Fed tightening - drawdowns in pandemic savings, high inflation, higher borrowing costs - fell short of meaningfully slowing consumption," said Will Compernolle, macro strategist at FHN Financial in New York.
"The resilient consumer shows the Fed has very little reason to think its tightening has gone too far at this point."
Retail sales increased 0.2% last month. Data for May was revised higher to show sales gaining 0.5% instead of 0.3% as previously reported. Economists polled by Reuters had forecast retail sales gaining 0.5%. Retail sales are mostly goods and are not adjusted for inflation. They rose 1.5% year-on-year in June.
Spending has remained strong despite 500 basis points worth of interest rate hikes from the Fed since March 2022, when the U.S. central bank kicked off its fastest monetary policy tightening cycle in more than 40 years.
A tight labor market continues to boost wage gains while some households still have savings accumulated during the COVID-19 pandemic. Consumers' purchasing power is also gradually rising as inflation subsides.
Spending has remained strong despite 500 basis points worth of interest rate hikes from the Fed since March 2022, when the U.S. central bank kicked off its fastest monetary policy tightening cycle in more than 40 years.
A tight labor market continues to boost wage gains while some households still have savings accumulated during the COVID-19 pandemic. Consumers' purchasing power is also gradually rising as inflation subsides.
Retail sales
Sales at auto dealerships rose in 0.3% in June, despite motor vehicle manufacturers reporting an acceleration in unit sales last month. Auto sales surged 1.5% in May. There has been a divergence between unit sales reported by manufacturers and the retail sales data.
"This is somewhat related to the fact that there is an underlying rotation happening in the space with a larger share of vehicle sales now headed to businesses rather than consumers amid a normalization after pandemic-related disruptions caused a large surge in consumer auto sales," said Shannon Seery, an economist at Wells Fargo in New York. "Consumer demand for autos is subsiding after being pulled forward and financing costs now reaching the highest level in 16 years."
Online sales surged 1.9%, the most in six months. Further gains are likely after Amazon (AMZN.O) hosted its Prime Day promotion in July, which was the biggest on record.
Receipts at furniture stores increased 1.4% and electronics and appliance store sales advanced 1.1%. Clothing store sales rose 0.6% in June.
But receipts at building material and garden equipment supplies dealers dropped 1.2%. Consumers also cut back spending on sporting goods, hobbies, books and musical instruments.
Grocery store sales fell as did receipts at department stores. Sales at service stations dropped 1.4% on lower gasoline prices.
Sales at food services and drinking places edged up 0.1% after rising 1.2% in May. Economists view dining out as a key indicator of household finances. Though Americans spent less at restaurants and bars, credit and debit card data suggest they are boosting spending on other services.
Services are the largest share of consumer spending.
"Decreased spending on gasoline indicates that lower- and middle-income households are economizing on discretionary spending, reflecting cost-of-living pressures," said Bill Adams, chief economist at Comerica Bank in Dallas. "Big crowds at airports and sky-high prices for concert tickets point to robust spending by wealthier households this summer, though."
Stocks on Wall Street were trading higher. The dollar was steady versus a basket of currencies. U.S. Treasury yields fell.
STRONG CORE SALES
Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.6% in June. Data for May was revised slightly up to show these so-called core retail sales increasing 0.3% instead of the previously reported 0.2%.
Core retail sales correspond most closely with the consumer spending component of gross domestic product. June's solid rise and May's upward revision to core retail sales suggest that consumer spending, which accounts for more than two-thirds of the U.S. economy, continued to grow last quarter.
The pace was, however, probably slower than the first quarter's rate, which was fastest in nearly two years.
Core retail sales
Economists at Bank of America Securities raised their second-quarter GDP estimate to a 1.7% annualized rate from a 1.5% pace. The economy grew at a 2.0% rate in the January-March quarter.
"The economy is plodding along without overheating," said David Russell, vice president of Market Intelligence at TradeStation. "This is modestly positive news for investors worried about the Fed needing to hike after July."
While consumers are holding up, manufacturers are wilting under the onslaught of higher rates. A separate report from the Fed showed manufacturing output dropped 0.3% in June after falling 0.2% in May. The weakness in manufacturing is mostly confined to goods production, with industries related to services like travel continuing to expand.
"We expect this dynamic to continue in coming months, although recent resilience of economic activity, with our expectation for a recession pushed to first half of 2024, could even keep manufacturing production somewhat more supported," said Andrew Hollenhorst, chief economist at Citigroup in New York.
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