BRICS bank ‘to boost South Africa’

first_img26 June 2012The development bank planned by members of the BRICS group of influential emerging economies could help South Africa finance its state-led infrastructure drive, says Business Unity SA CEO Nomaxabiso Majokweni.According to I-Net Bridge, Majokweni told an African National Congress (ANC) business forum in Johannesburg on Monday that an immediate benefit of a BRICS bank would be “a massive injection in our infrastructure development plan, which could help the government meet some of its very ambitious growth targets”.At the BRICS summit in New Delhi, India in March, the leaders of the five countries considered a proposal to set up a BRICS-led South-South Development Bank, funded and managed by the BRICS and other developing countries.Such a bank could help its member countries pool resources for infrastructure development and lend among themselves during difficult global times.Majokweni said on Monday that a BRICS bank would “promote growth and investment in its member states and other emerging markets, and will be a strong voice in the lobbying for the reform of international financial institutions”.The bank could be launched as early as 2013, when South Africa hosts the next BRICS leaders summit.BRICS financial safety net discussedLast week, South African President Jacob Zuma, Chinese President Hu Jintao, Brazilian President Dilma Rousseff, Russian President Vladimir Putin and Indian Prime Minister Manmohan Singh met on the sidelines of the G20 summit in Mexico.During their meeting last Monday, the five leaders discussed the possibility of setting up a currency swap arrangement and a foreign exchange reserve pool within the five-member framework.The foreign exchange reserve pool would act as a financial safety net, creating a joint pool of reserves to be used in case any member country was faced with sudden capital flight.BRICS agree to help recapitalise IMFThe Brics leaders also agreed that they would contribute to a recapitalisation of the International Monetary Fund (IMF).On the Tuesday following the meeting, South Africa announced that it was commiting US$2-billion of its foreign reserves to the IMF’s firewall fund to help prevent future financial crises.Business Day reports that International Relations Minister Maite Nkoane-Mashabane, also addressing the ANC’s business forum on Monday, said the IMF loan would help South Africa gain influence internationally.“This pledge by BRICS countries is in line with the provision to transform institutions of global governance,” Business Day quoted Nkoane-Mashabane as saying.“It has been a tradition … that decisions in international financial institutions are made and influenced by countries with strong financial muscles. The more we contribute … the better the prospects for us as a country to influence decisions.”Mexican President Felipe Calderon, in comments on the weekend reported by London’s Financial Times, noted that this was the first time that the IMF was being recapitalised without the participation of the US, “which reflects the importance of emerging markets”.SAinfo reporterlast_img read more

Art show highlights Africa-America connection

first_imgThe Africans in America art exhibition highlights the connection between the US and Africa. Featuring a host of established and upcoming artists from the continent and the rest of the world, the exhibitionis at the Goodman Gallery in Johannesburg until 17 December 2016.(Photo: Goodman Gallery)CD AndersonA new exhibition at Johannesburg’s Goodman Gallery, titled Africans in America, is an exploration of the cultural and contextual parallels between the continent and the United States.The exhibition also forms part of the academic conference Black Portraiture[s] III. Reinventions: Strains of Histories and Cultures, held for the first time in South Africa at the University of the Witwatersrand, in Johannesburg, from 17-19 November 2016.Black Portraiture[s] III is a collaboration between the US Department of State and Patrick Gaspard, the US ambassador to South Africa, as well as Harvard University, New York University and the Institute for African American Affairs. The forum offers an opportunity for artists, activists and academics from Africa, the US and the rest of the world to share ideas and perspectives on the African political and cultural identity within a global context.Emphasising that overall theme, the Africans in America exhibition itself runs until 17 December, presenting works at the Goodman and the Johannesburg Art Gallery. Artists featured include Ghada Amer, Theaster Gates, Alfredo Jaar, Julie Mehretu, Wangechi Mutu, Odili Donald Odita and Kehinde Wiley.The exhibition is curated by Goodman director Liza Essers and Hank Willis Thomas. The work of the American visual artist and photographer has been widely praised for consistently challenging perceptions of identity, history and symbols, while igniting dialogue about African and diaspora identities, particularly in global political and pop culture contexts.A Place To Call Home (Africa-America)Thomas’s 2009 work, titled A Place To Call Home (Africa-America), represents the overarching identity of the Goodman exhibition.A wall-mounted sculpture of black metal against a white background, the piece epitomises the distinctive geographical, historical and political connection suggested by the African American identity. It challenges the mythological association between black Americans and the African continent.As Thomas describes it, “our roots may be from there, but many of us don’t necessarily feel any more at home on the continent than we do on the continent of our birth. Our home is a place in between.”Emerging African artistsAfrican artists involved in the Africans in America exhibition include Eritrean photographer Dawit L Petros, whose art incorporates migration and multicultural globalisation as metaphors for African modernity.Dawit L. Petros @HuisMarseille— The Culturist (@TheCulturist) September 18, 2016Rwandan visual artist Valerie Piraino uses the long history of mining and environmental damage in Africa to inform her minimalist work.Brendan Fernandes, a Canadian-Kenyan artist, explores pan-Africanism with a post-modern, multi-discipline slant.Established during apartheid, the Goodman Gallery has, over five decades, become an important art portal for African creativity. It has been under the directorship of Essers since 2008. The gallery is focused on shaping change through art and culture, as well as opening up avenues of dialogue between established and emerging South African artists, and artists across the continent and the globe.For more information on the Africans in America exhibition and the gallery, visit the Goodman Gallery website.Source: Goodman Gallerylast_img read more

Maple syrup production season gives way to maple syrup eating season

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Shelly Detwiler, berry farmer and dieticianWhat’s up with all the buckets on the trees? It’s maple syrup time! According to the Ohio Maple Producers Association, maple syrup contributes $5 million to our state’s economy. Only 13 states produce maple syrup and Ohio ranks in the upper half, producing almost 100,000 gallons. The demand for maple syrup is bigger than is currently produced.The history behind maple syrup boils down to the Indians finding the sap oozing from broken branches. The story goes that the Indians hollowed out logs, filled it with the sap and then threw in hot coals to reduce the syrup.The Johnson Family in Cable has been making syrup since 1934. Eric Johnson said 2019 has been a good year for maple syrup for the operation. Their family produces, on average, 300 gallons of syrup a year that they market right on site as well as local farmers markets. Yo-yoing winter temperatures actually improve syrup production. Based largely on the temperature fluctuations, syrup season starts around Feb. 15 and goes until the buds and honeybees come (around April 1). It takes 45 to 50 gallons of sap to make one gallon of syrup. Eric uses wood fires to cook down his sweet syrup, which takes longer than other producers who use reverse osmosis.Pure maple syrup must be grade A and labeled as such to be sold in a retail establishment. All maple syrup is produced with reduction. The syrup recently took on a new grading system based on color.There are three grades of maple syrup. Grade A Golden Delicate Grade A Amber RichGrade A Dark RobustGolden maple syrup has a delicate taste. It is the most popular. Amber maple syrup has a slightly darker color and a richer taste. Consumers like this for its fuller bodied and medium taste. Dark maple syrup has a robust taste than amber and golden syrup. Very dark maple syrup has a very strong taste and is usually used for sugar.The difference in the colors? It sounds like a mystery to me, but Eric says that color can be affected by: the part of the season the sap is harvested, length of cooking and/or rainfall. Most of Eric’s 2019 syrup has been graded as amber rich. He said the industry encourages the golden delicate grade but customers seem to request darker syrup, whether this is due to comparison to commercial syrups on the market or some other reason is unknown.Nutritionally speaking maple syrup has a similar carbohydrate content as white/brown sugar with 13 grams of carbohydrates per tablespoon. Maple syrup has a few more minerals and antioxidants than other sugars such as manganese and zinc, however it’s still packs plenty of sugar and calories. Don’t get caught up in the latest food trends, enjoy maple syrup in moderation because of taste, flavor and likeability. Maple syrup is a great way to sweeten your waffles, salad dressings, or even cook a hot dog in (which I enjoyed at Johnsons!) Eat well and Healthy,Shelly Spaghetti Squash with Maple Syrup and Shallots pioneerwoman.com2 whole Medium Spaghetti Squash3 Tablespoons Butter2 whole Shallots, Finely Minced1/4 cup Maple SyrupDash of SaltDash of Nutmeg Preheat oven to 375 degrees. Pierce spaghetti squash a few times with a sharp knife. Place on a cookie sheet and bake for 1 hour. Cut squash in half. Scoop out and discard seeds and slimy pulp. Scrap out the rest of the squash with a fork. Place in a bowl. Keep warm. In a large skillet, melt butter. Cook shallots over medium heat for 2 minutes or until soft. Reduce heat and add maple syrup. Cook for a minute, then remove from heat. Stir in salt. Pour mixture over squash. Sprinkle on nutmeg and mix together gently. Sever warm. Serves 8.Maple-Bourbon Banana Pudding Cake foodandwine.com6 Tbsp. unsalted butter½ c sugar1 overripe banana, mashed1 large egg, room temp1 cup milk, room temp1 cup flour,1 Tbsp. baking powderPinch of salt¾ c pure maple syrup½ c light brown sugar2 Tbsp. bourbon¼ c finely chopped pecansVanilla ice cream Preheat the oven to 375°. In a deep, 2-quart baking or soufflé dish, melt the butter in the microwave. Whisk in the superfine sugar and banana, mashing until thoroughly combined. Whisk in the egg and milk.In a bowl, whisk the flour, baking powder and salt; whisk into the baking dish until combined (the batter will be pretty loose).In a microwave-safe cup, heat the maple syrup, light brown sugar and 1/2 cup of hot water at high power until hot, 1 minute. Add the bourbon. Drizzle the syrup mixture over the batter; it will seep to the bottom. Do not stir. Scatter the pecans on top.Set the dish on a rimmed baking sheet and bake for 40 minutes, until the cake is golden. Let cool for 5 minutes, then scoop into bowls and serve with ice cream. Serves 6  Smokey Maple-Mustard Salmon 3 Tbsp. whole-grain or Dijon mustard1 Tbsp. pure maple syrup¼ teaspoon smoked paprika or ground chipotle pepper (see Notes)¼ teaspoon freshly ground pepper⅛ teaspoon salt4 4-ounce skinless salmon fillets Preheat oven to 450°F. Line a baking sheet with foil and coat with cooking spray.Combine mustard, maple syrup, paprika (or chipotle), pepper and salt in a small bowl. Place salmon fillets on the prepared baking sheet. Spread the mustard mixture evenly on the salmon. Roast until just cooked through, 8 to 12 minutes.Notes: Smoked paprika is made from smoke-dried red peppers and adds earthy, smoky flavor. Chipotle peppers are dried, smoked jalapeño peppers. Look for different types of paprika and ground chipotle chile pepper in the spice aisle at some large supermarkets or at or Serves 4.   Roasted Root Vegetables With Balsamic-Maple Glaze Cooking spray8 oz. red onions, each cut into 8 wedges with root intact8 oz. purple sweet potatoes, cut into 3/4-inch cubes8 oz. small multicolored carrots, (including purple), cut on an angle into 2-inch-long pieces, divided2 Tbsp. cup olive oil, divided8 oz. turnips, each cut into 8 wedges8 oz. parsnips, cut on an angle into 2-inch-long piecesdash salt1/2 teaspoon black pepper3 tablespoons balsamic vinegar2 Tbsp. pure maple syrup1 ½ tsp.chopped fresh thyme leavesPreheat oven to 450°F. Line 2 rimmed baking sheets with parchment paper, and lightly coat with cooking spray.Combine onions, purple sweet potatoes, purple carrots, and 1 tablespoons olive oil in a large bowl; toss to coat, and arrange in a single layer on a prepared baking sheet. In the same bowl, combine turnips, parsnips, remaining carrots, and remaining 1 tablespoons olive oil, and toss to coat; arrange in a single layer on the other prepared baking sheet. Sprinkle both baking sheets of vegetables evenly with salt and pepper. Bake purple vegetable mixture at 450°F, without stirring, until tender, about 25 minutes. Bake turnip mixture at 450°F, without stirring, until tender and lightly caramelized, 30 to 35 minutes.While vegetables bake, combine vinegar and syrup in a small saucepan over medium-high. Bring to a boil, without stirring, and cook until mixture is thickened, 6 to 8 minutes. (You should have about 1/2 cup of liquid.) Remove from heat, and cool to room temperature; sauce will thicken to syrupy consistency upon cooling.Arrange roasted vegetables on a platter, and drizzle with balsamic syrup. Sprinkle with fresh thyme, and serve immediately. Serves 5 (serving size: 1 1/4 c)last_img read more

Hadoop Adoption Accelerates, But Not For Data Analytics

first_img3 Areas of Your Business that Need Tech Now Related Posts Cognitive Automation is the Immediate Future of… The Hadoop market is on a tear, growing at a compound annual growth rate of roughly 60%, according to IDC. But why it’s growing, or rather, how it’s being used, might surprise you. Given all the media hype around Hadoop and its power to predict everything from the optimal number of raisins in your cereal (23) to the exact date of Armageddon (next Tuesday – call in sick), it’s perhaps surprising to learn that comparatively few organizations use Hadoop for analytics. Today most enterprises use Hadoop for the pedestrian uses of storage and ETL (Extract, Transform, Load).Eventually enterprises get to sexy analytics. But we’re not there yet. Not by a long shot.‘Poor Man’s ETL’, ‘Unsupervised Digital Landfill’, Or Both?While commonly billed as an analytics tool, Hadoop remains “a poor man’s ETL” for the vast majority of enterprises. Yes, there are enterprises running interesting analytical workloads on Hadoop, but these are the exception, not the rule. Hence, while Cloudera cites three common use cases for Hadoop (data transformation, archiving, and exploration, I’m hearing from analysts that 75% or more of the actual Hadoop adoption resides in those first two use cases.Which is not to suggest such adoption is valueless. Quite the contrary.The Common Adoption Path For HadoopAs 451 Research analyst Matt Aslett highlighted at Hadoop Summit, there is a natural progression from using Hadoop to store large quantities of data (i.e., Hadoop as an “unsupervised landfill“), to processing and transforming that data and ultimately to analyzing that data. The fact that most enterprises have yet to get to analytics in any meaningful way is simply a description of where we are in the Hadoop market’s evolution.What is the Point of Hadoop from Hadoop_SummitIndeed, Aslett notes that “attempting to fast forward to analytics, missing out on the processing/integration stage, creates silos and will result in disillusionment.” We’re still early in Hadoop’s technological and market evolution, in part due to the complexity of the technology, with 26% of even the most sophisticated Hadoop users citing how long it takes to get into production as a gating factor to its widespread use. Gartner reveals even lower rates of adoption of Big Data projects, often involving Hadoop, at a mere 6%, as enterprises try to grapple with both appropriate use cases and understanding the relevant technology.Start With What You KnowSmall wonder, then, that enterprises are starting with known use cases like storage or ETL before proceeding to more ambitious analytics projects, as Christos Kotsakis suggests. We’re still getting comfortable with Hadoop. Applying an unfamiliar technology to a familiar problem makes a lot of sense.Some day, we’ll get to the point where mainstream adopters commonly use Hadoop for significant analytics. But we’re not there. Not yet. Just give it time.Image courtesy of Shutterstock. Matt Asaycenter_img IT + Project Management: A Love Affair Massive Non-Desk Workforce is an Opportunity fo… Tags:#451 Research#Big Data#ETL#Hadoop#Matt Aslett last_img read more

The future of tokenization and blockchain is not just ICOs

first_imgClayton Jacobs Leveraging Big Data that Data Websites Should T… Related Posts Blockchain business case variety seems secondary in the conversation around blockchain hype. Tokenization on a blockchain system has received attention around the world with the increasing prevalence of ICOs (Initial Coin Offerings).For those who continue to see “ICO”, but have no firm understanding of the definition, here’s an over simplified version. An ICO is a way a company can raise funding through using cryptocurrencies such as Bitcoin. This works by the company creating its own coin, perhaps the ClaytonCoin, and those interested in purchasing shares in the company can trade their Bitcoins for ClaytonCoins. A ClaytonCoin then supposedly represents a share in the company, but, to quote Smith + Crown:“Most ICOs today are marketed as ‘software presale tokens’ akin to giving early access to an online game to early supporters. In order to try to avoid legal requirements that come with any form of a security sale, many ICOs today use language such as ‘crowdsale’ or ‘donation’ instead of ICOs.”The unregulated nature of ICOs caused China and South Korea to ban them. On the other hand, ICOs in the US have found much success such as in the case of Tezos raising $230 million.See Also: LAToken raises millions in ICO to create “the first asset-backed token exchange”Beyond ICOsEven with successful ICOs happening in the US, tokenization built on blockchain is under utilized in terms of its potential. I ran into a start-up called, FundersToken, at an after party for RISE 2017 that is trying to fix this. FundersToken is a CRM software-based company, with the backbone of tokenization. Their software with blockchain technology offers business augmentation and digitalization. Their goal is to allow business with no blockchain experts to use tokenization for various business functions. These include exchange of goods/services, voting, equity transfer (ICOs), and dividends.Voting and governance through tokenization has been done through Distributed Autonomous Organizations (DAOs). While in an ideal world the voting rights would work very similar to standard governance in companies, but there are again no regulations. This may prove to be an issue in specific scenarios. Yet, many VCs point to tokenization as the future of governance in addition to funding. Another article from Smith + Crown contains great comparisons of the Pros v. Cons.For this technology to be industry changing, more companies like FundersToken must come forward and include the nontechnical. As a technology evangelist, there is a duty to be patient with the ignorant and help encourage productive uses of new technology. The worst thing that could happen for the future of blockchain is association with only ICOs. That is not to say ICOs don’t promote blockchain properly, in fact, it’s the exact opposite. But, imagine if when the Internet was gaining popularity, the only thing the Internet was known for was digital media. Sure, people would be thrilled to hang on my every word, but it would miss the greater potential.Live AMAThe founding team of FundersToken will be joining myself and the rest of the ReadWrite team on WeChat to do a live AMA about both their product and tokenization within a week. If you would like to participate, feel free to connect with me on WeChat: What it Takes to Build a Highly Secure FinTech …center_img AI: How it’s Impacting Surveillance Data Storage How Data Analytics Can Save Lives Tags:#bitcoin#Blockchain#dividends#equity#featured#funderstoken#ICO#token#Tokenization#top#voting last_img read more

How Not To Be A Sales Poseur

first_img Get the Free eBook! Want to master cold calling? Download my free eBook! Many would have you believe that cold calling is dead, but the successful have no fear of the phone; they use it to outproduce their competitors. Download Now My friend Mike Weinberg says “No one defaults to prospecting.” What he means is that when salespeople have time between calls or meetings, they don’t automatically pick up the phone and start prospecting. And he’s right about this.When I was a young salesperson, there was only the phone. Every morning, I secluded myself in an office and made prospecting calls. I started making calls at 8:15 AM, and I stopped for lunch at Noon, when I’d usually go to a restaurant with my peers. After lunch, I’d start making calls again until it was time to go home.As I made calls to every number in the business section of the phonebook, I wrote down every “good” lead on an index card. If someone told me that they used what I sold, they were a good lead. The next day, I’d flip through all of those index cards, knowing that they were better than the numbers in the phonebook. Then I started back through the phonebook. No targets. No business intelligence. No social networks. No LinkedIn. No research.It was prospecting. All day. Every day. And then the appointments came. And after I made a sales call, it was back to prospecting. Lots of people were better salespeople than I was. No one made more calls. Prospecting was my default.As a young salesperson, no one had to tell me to prospect. I didn’t know what else I should have been doing. And there still aren’t many real choices available to you. When you need new business, you make your calls.Don’t be a sales poseur. Pick up the telephone.I made two cold calls today. Dave Brock and his team make calls every week.last_img read more