Trump May Suspend Student Loan Payments Until Further Notice

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Updated August 9, 2020.

President Donald Trump will suspend federal student loan payments through December 31, 2020.

Here’s what you need to know.

Student Loans

After Congress failed to reach a stimulus deal Friday, Trump said during a press conference in New Jersey that he plans to issue an executive order on a host of economic issues, including student loans, a payroll tax cut, eviction moratorium and unemployment benefits if Congress fails to act on a stimulus package. On Saturday, Trump issued an executive order, including a memorandum on student loan payment relief. According to Trump’s memorandum, he will grant additional student loan relief and provide a payroll tax cut, enhanced unemployment benefits and an eviction moratorium. Trump, who is seeking re-election, sent the memorandum entitled “Continued Student Loan Payment Relief During the COVID-19 Pandemic” to U.S. Secretary of Education Betsy DeVos. Trump directed DeVos

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Allianz partners GIDN on insurance solutions

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 Omobola Tolu-Kusimo

 

ALLIANZ Nigeria Insurance Plc has announced its partnership with Get It Done Now Limited (GIDN), developers of the GIDN Platform.

The Chief Marketing and Strategy Officer, Allianz, Walter Bossman, in a statement, said the aim of the GIDN platform is to connect customers with verified service providers.

She explained that Allianz Nigeria on the other hand will provide insurance products to registered customers and service providers on the platform.

Through this deal, we contribute our own quota to a stable and viable economy by providing bespoke insurance products to mitigate business risks of the registered service providers, she said.

Co-founder of GIDN Alberto Rodriguez added: “We are indeed excited to partner with Allianz Nigeria. This partnership aligns with our goal of providing a safe and secure platform for users and providers to transact. We also believe that adding Insurance services from Allianz to our platform is a great

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ReitBZ, from BTG Pactual, is the world’s first token linked to a financial institution to distribute dividends

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US$ 87,569.20 will be distributed to investors via smartcontract for Ethereum blockchain

SÃO PAULO, July 27, 2020 /PRNewswire/ — ReitBZ, a leveraged token backed by real estate issued by BTG Pactual, will be the first product of its kind to distribute portfolio profits to investors, with payments made via smartcontract using blockchain technology, an unprecedented development in the global financial market. Smartcontracts have undergone security audits by Chain Security (for Ethereum blockchain) and by Least Authority (for Tezos blockchain).

“We’re investing constantly in innovation and cutting-edge technology, and ReitBZ is proof that our efforts along these lines have been generating good returns for our clients,” said BTG Pactual CEO, Roberto Sallouti.

The amount of dividends paid out will come to US$ 87,569.20, considering that this first investment cycle generated US$ 220,288.12 in revenues. Launched in February of 2019 and with the issue of tokens three months later, ReitBZ

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XAG/USD continues to dive and briefly printed below $25

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  • Silver is trading 13.7% lower on Tuesday as the rout on precious metals continues.
  • USD 25 per troy ounce could be an important support level to watch.

Silver 1-hour chart

The precious metals have had a tough session. Gold is 5.14% lower, platinum 4.48% in the red and silver is the major laggard down 13.7%. There has been some interesting moves in the macro markets too. 30-year treasury bond yields have risen 5%, which is a big move and stocks have reversed after being higher earlier in the session. 

Looking at the hourly chart, the price bounced off the USD 25 per ounce support area. There could be a retest of the green trend line that was broken earlier in the session and that would mean a small retracement is on the cards. The next resistance level on the way up is at the USD 26 per ounce psychological level

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China Is Waging Cyber-Enabled Economic War on the U.S. How to Fight Back.

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For all practical intents, the United States is at war with China. This may come as a surprise since no bullets have been fired nor declarations made. Yet there is little question that, for over a decade, the Chinese government has engaged in a sustained campaign of cyber-enabled economic aggression against us and our allies. They have targeted our most productive economic sectors and are currently winning. But as we restart our economy after Covid-19, we have a unique opportunity to shift this fight decisively back in our favor.

At the heart of this conflict is a series of grand economic competitions across key industries, including telecommunications, advanced computing, robotics, energy generation, resource extraction, aerospace, and the medical sciences, to name just a few. We are currently facing off with China on 5G technology, machine learning, quantum computing, nuclear and solar power, satellites, rare earth metals, biotechnology, and pharmaceuticals. Fundamental

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