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DuSable Scholars Program aims to increase number of students of color in STEM | UIC Today – UIC Today

In an effort to bolster the number of Black and Latino students studying STEM-related fields, the University of Illinois Chicago has established a merit-based scholarship program within the College of Engineering and College of Liberal Arts and Sciences.

The DuSable Scholars Program identifies and supports talented Black and Latino students, who are often underrepresented in STEM fields, to help them graduate on time in a STEM major at UIC and encourages their matriculation to a research-based STEM graduate program, according to Jeremiah Abiade, director of the program.

The first cohort of the program consists of 19 first-year students who will receive housing as well as food and research stipends. Tuition for these students is being paid for through scholarships and fellowships.

The program is partnering with the DuSable Museum of African American History, said Abiade, associate professor of mechanical and industrial engineering in the UIC College of Engineering.

The program is named after Jean-Baptiste Pointe DuSable, a Haitian-born Black trader who was the first permanent, non-indigenous settler in the area and the recognized founder of Chicago, Abiade told students at a recent program orientation.

The name that we chose for our program, DuSable, was intentional because we want to root this program in the local community of Chicago, and we want to connect this program to the legacy of people who are not often represented in STEM programs at UIC, Abiade said, adding that for much of his career, he was the only Black tenure-track professor in engineering.

He said he expects the DuSable Scholars to be the next generation of leaders in research and teaching. The main features of the DuSable Scholars Program are:

The aim of the four-year program is to help students achieve their academic goals by helping them maintain high academic achievement and provide the research experiences in Chicagos only public research university that would make them competitive and give them the tools and experience to go on to post-graduate work, including Ph.D. programs.

Associate Chancellor and Vice Provost for Diversity Amalia Pallares, who oversees the program as the chief diversity officer on campus, said the program serves to enhance her mission to make the campus even more diverse, equitable and inclusive.

When people ask me, What is your goal for UIC? I say, My goal is for everyone who comes here to be able to reach their potential,' Pallares said.

Joshua Nwonye, a freshman studying biochemistry in the College of Liberal Arts and Sciences who graduated from Hinsdale South High School, said what attracted him initially to the program was the scholarship assistance he will be receiving during his four years at UIC. But he said the final selling point for him was the camaraderie that the program will instill.

I think its going to be really cool to be in touch with other students studying sciences with me and I think its going to be great because we can learn together, grow together and be successful people in the future, Nwonye said.

When Blossom Egbuonu, an Oswego East grad who is a freshman in biochemistry, first heard about the program, what caught her attention was the community she would be part of.

Its nice to have a community of people who are thinking in the same direction as you are as far as a field of study, Egbuonu said. Knowing people who are also going through the same thing as you and having amazing mentors who can also help you along the way and advise you, its nice that you have that.

Kaliah Linear, a freshman studying mechanical engineering in the College of Engineering from Roseville, Minnesota, said what also solidified her decision to attend UIC and move to Chicago was knowing that program mentors include both people of color and women two groups that are underrepresented in STEM fields.

I liked the support aspect of it, knowing that if I come to a big city like Chicago, Ill have support from professionals within STEM who look like me making sure that Im staying in STEM and keeping me encouraged, Linear said.

Shaun Shannon, who graduated from the Sarah E. Goode STEM Academy in Chicago, said what he liked about the program was how it partners with organizations like the DuSable museum and other campus organizations, such as the CHANCE program, the African American Academic Network, the Center for Student Involvement, and the African American Cultural Center.

I didnt know I would be involved with all of the joint organizations this early, said Shannon, a freshman studying computer science in the College of Engineering. What stood out to me with the DuSable Scholars Program was that I would be able to meet with a bunch of people like me and be able to connect with them.

Scholars will participate in curricular and extracurricular activities organized by associate directors Miquel Gonzalez-Meler (biological sciences) and Carmen Lilley (mechanical and industrial engineering) in coordination with Erin OLeary (director, Center for Advancement of Teaching Excellence), Bernard Santarsiero (pharmaceutical sciences), Sue Farruggia (Student Affairs) and Carol Fendt (Learning Sciences Research Institute). Aisha El-Amin (Office of Diversity) will coordinate the parent and community engagement for student support.

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Cardanos Ada Is the Latest Cryptocurrency to Surge. Heres What You Need to Know. – The Wall Street Journal

After a brief hibernation this summer, cryptocurrencies are surging again. And this time, traders are abuzz about Cardanos ada token.

But what is it and how did it become the third-largest cryptocurrency? Here is what you need to know:

Cardano is a decentralized blockchain platform launched in 2017 and spearheaded by Ethereum co-founder Charles Hoskinson. Its self-described mission is to become a more environmentally sustainable and scalable blockchain network, in part by relying less on energy-consuming cryptocurrency miners.

Ada is a digital token, or cryptocurrency. It runs on the Cardano blockchain. It is named for Ada Lovelace, a 19th-century mathematician who is often regarded as the first computer programmer.

In general, altcoinsor alternatives to bitcoinhave been surging lately as individual investors pile back into cryptocurrencies. Cardanos ada token has emerged as a recent favorite in the pack.

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Cryptocurrency Investments: Is Buying Bitcoin Investing or Speculating? – Gadgets 360

Bitcoin's soaring popularity and value since its inception in 2009 is a curious case for many investors. Like the Internet boom, cryptocurrency also took only a few years to become a mainstream topic, and it is growing now more than ever. Many investors, as well as professionals, have made cryptocurrency investment a part of their portfolio. But Bitcoin and other cryptocurrencies, unlike fiat currency, aren't a physical asset. These digital currencies do not follow a centralised system and don't rely on banks. Their transactions happen through a decentralised network of computers.

So, are we investing in anything at all? Or are we just speculating some returns that may happen only in the far future?

In 2018, business magnate Warren Buffett had publicly denounced Bitcoin as not an investment. Three years since, the world has seen a lot happening on the cryptocurrency front. On one hand, there are business giants investing in these digital assets. On the other hand, crypto scams have left wreckage behind them.

We should perhaps stop asking whether buying Bitcoin is speculation. Instead, let us focus on the simple rules to follow in the cryptocurrency market for the ones who would like to turn it into a real investment.

1) Long-term or short-term profits

Speculation is when we are engaging in a risky transaction, hoping for a short-term profit. Instead of being a speculator, become a real investor by focussing on long-term goals. It's a thumb rule not to invest an amount that we can't bear losing. Cryptocurrency risks are as real as they can get. So, we should weigh the risks and goals that suit us best.

2) Cryptocurrency quality

It's better to stay away from flashy and risky projects while buying coins. The promise of a quick profit may often leave us hoping for returns for eternity. But if we want to really invest in a coin, we should check the red flags. Profits may not be as quick, but it'll save us in the long run. Bitcoin price in India has increased manifold since its inception.

3) Diversify holdings

Don't put all the eggs in the same basket. Diversify the portfolio, so that, in case a coin fails in the market, all isn't lost. That's better than stocking up on one cryptocurrency and speculating that things get better. Real investment is when we prudently choose a safe ground in a volatile market.

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Buying Bitcoin and Ether Just Got Easier in Honduras With Cryptocurrency ATM Featured Bitcoin News – Bitcoin News

A cryptocurrency ATM has been installed in Honduras where users can buy bitcoin and ether. According to reports, this is the first crypto ATM in the country. Honduras borders El Salvador, where bitcoin is set to become legal tender in a little over a week.

A cryptocurrency ATM launched this week in Honduras, Reuters reported Friday. According to reports, this is the first cryptocurrency ATM in the country. It allows users to buy bitcoin and ethereum using the local lempira currency.

The Republic of Honduras is a country in Central America. It borders El Salvador, the country which passed a law making bitcoin legal tender alongside the U.S. dollar. The law is set to go into effect on Sept. 7.

The cryptocurrency ATM in Honduras, locally called La Bitcoinera, was installed in an office tower in the capital of Tegucigalpa by Honduran firm TGU Consulting Group.

TGU CEO Juan Mayen, the 28-year-old CEO who led the crypto ATM effort, explained that there was no automated way to buy cryptocurrencies until now, stating:

You had to do it peer-to-peer, look for someone who was willing to do it, meet in person and carry x amount of cash, which is very inconvenient and dangerous given the environment in Honduras.

The cryptocurrency ATM tracking website Coinatmradar does not currently list any cryptocurrency ATMs for Honduras.

Mayen said that he hopes to install more cryptocurrency ATMs. He noted that many software developers in the country are already paid in cryptocurrencies, emphasizing that using cryptocurrency will lower the cost of sending remittances.

In 2020, Hondurans living abroad sent $5.7 billion, about 20% of the countrys gross domestic product (GDP), in remittances.

With the upcoming Bitcoin Law going into effect, El Salvador President Nayib Bukele said last week that 200 crypto ATMs are being installed.

Do you think Honduras should have more cryptocurrency ATMs? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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What happens to the cryptocurrency you buy if India decides to ban it – Economic Times

Well, it is not the first time that the Indian government has pondered over banning cryptocurrencies. Initially, in 2013, when bitcoin was launched, the first few years went in hush-hush. The technology was new. This was something that was a store of value with no central authority.

Not only the government but also, enthusiastic investors were speculating how bitcoin will turn out to be. When after the end of 2016, this revolutionary financial asset made noise, the Indian government came to action.

Any government of the world is about authority, power and regulation. And bitcoin, or rather say, cryptocurrency, took that power from the government. There was no bank, no RBI or no scrutiny around your money. You held an asset and you did your investment, you used the money gained and you made sure your investment strategy works for you. There was no advisory, no policymakers, no brainwashing whatsoever. The bitcoin investment grew so much in 2017, that the Indian government had to come into action.

On the same lines, we thought writing letters is the best way to reach farther places. Then boom. The 2000s came and the internet was all over. The communication could be done in milliseconds.

So now let us talk about what we cannot do when there is a ban. When we say the ban, we mean that the transactions between the bank and your crypto exchanges will be stopped. This means that you will not be able to convert your local currency into buying any kind of cryptocurrency. This also means that you will not be able to liquidate your HODLed cryptos and get them encashed. This means, your HODLed cryptocurrency will be on *HODL* for some time more until the ban is uplifted.

But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. Well, in that case, you can always send your acquired crypto, and get the equivalent INR in your bank. However, this procedure of exit would come at a cost. The foreign exchange cost and penalties would cost you more than the actual exchange fees, had there been no ban in your own country.

But, you still need to identify the catch here. By the above method, we see that the transactions that involve crypto are still possible. No government can ever tame the internet. The government tried to ban PUBG. The gaming community in India identified VPNs that would still make PUBG accessible to them. The government tried banning porn, but anything that is accessible to everyone, or is made available on the cloud, can never be fully tamed. The same goes with the decentralised and open source-based cryptocurrencies as well.

Unocoin is one such platform that lets its user buy, sell and trade 40+ cryptocurrencies. The transactional fees are very nominal as compared to the features that it provides. Unocoin has always respected and abided by the laws set by the government of India and RBI. But it also makes sure it creates a space where the crypto exchanges are smooth. Hence, Unocoin collaborated with Airtm for a cross-platform transaction. With this Unocoin - Airtm collab, any Unocoin user can buy any crypto from either platform in exchange for his/her local fiat currency and via the pairing coin US

It is like entering a bridge, walking on the bridge and reaching the other side of the river. With the USDT acting as a pairing coin or the bridge, the walk from one end to the other and back to the first end is possible.

While there are speculations on the cryptocurrency, the virtual currency enthusiasts know for sure, that these are only the ups and downs that come in their investment plan. India would eventually be a country where there will be no inhibitions over cryptocurrencies, sooner or later.

The writer is Co-founder & CEO of Unocoin Technologies Private Limited

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Most used blockchain averts crisis after software flaw is fixed – Economic Times

A flaw in the most popular software used to verify transactions on the Ethereum network nearly triggered a crisis for the worlds most widely used cryptocurrency blockchain.

About half of the Ethereum ecosystem split into a separate chain after a bug in the Go Ethereum, or Geth, software effected users who hadnt implemented an update meant to fix the mistake, said Maddie Kennedy, a spokesperson at the cryptocurrency research firm, Chainalysis.

This couldve been a big problem, but it isnt, Kennedy said.

At its worst, the split -- or fork -- could have caused a so-called double-spend attack where the same Ether cryptocurrency would have traded twice during any transaction or trade, according to the news site Decrypt. This wouldve created counterfeit currency and possibly a sharp drop in its value.

Fortunately, most traders using Geth swiftly upgraded their systems, allowing most of the blockchain to remain on the primary network, instead of pivoting to the forked version, said Kennedy.

Ether rose for the first time in four trading sessions during New York hours, gaining about 4.6% to $3,272. The second-largest cryptocurrency by market value after Bitcoin has surged more than 300% this year.

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RBI may launch e-currency: How will it be different from cryptocurrency? – Hindustan Times

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said that the central bank may launch a pilot of its digital currency by December this year. Das said in an interview that the RBI is working on a phased implementation strategy for the same.

He added that the bank is "extremely careful" about the central bank digital currency (CBDC), which is a new product for it.

This is an important statement from the governor of the country's central bank, in view of the rise in popularity of cryptocurrency. The Supreme Court has already quashed a 2018 circular of the RBI to ban banks and financial institutions from providing services to any individual or business entities dealing with or settling cryptocurrencies, including Bitcoin.

At a webinar last month, RBI deputy governor T Rabi Sankar had said that the time for CBDCs has come.

What is a central bank digital currency?

The RBI defines CBDC as a legal tender issued by a central bank in a digital form. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Only its form is different.

It also said that the idea is not new. At his keynote address, Sankar said in July that the origins of CBDCs can be attributed to American economist and Nobel laureate James Tobin, who proposed a digital form of payment in 1980s.

What is the need for a CBDC?

Across the globe, the adoption of CBDC has been justified for three main reasons: Central banks, faced with dwindling usage of paper currency, seek to popularize a more acceptable electronic form of currency; Jurisdictions with significant physical cash usage seeking to make issuance more efficient and Central banks seek to meet the publics need for digital currencies, manifested in the increasing use of private virtual currencies, and thereby avoid the more damaging consequences of such private currencies.

Moreover, the RBI says that payments using CBDCs are final and thus reduce settlement risk in the financial system. CBDCs would also potentially enable a more real-time and cost-effective globalization of payment systems, according to the central bank.

Difference between cryptocurrency and CBDC

Virtual private currencies like Bitcoin have gained wide acceptance in the last few years. Sankar said that if these private currencies gain recognition, national currencies with limited convertibility are likely to come under threat.

Virtual currencies like Bitcoin are digitally encrypted, decentralised and not linked to or regulated by any government. A CBDC, on the other hand, will be a digital version of the fiat currency - one backed by the government.

While cryptocurrency operates independently, a fiat currency is issued by a country's central bank. The latter requires intermediaries to make transfers.

Moreover, the supply of fiat currency is regulated by the central banks, and can be increased of decreased depending on the usages, whereas the supply of cryptocurrency is limited.

Also, a currency marked as a legal tender can be kept in bank accounts; the cryptocurrencies need to be stored in digital wallets.

CBDCs, depending on the extent of its use, can cause a reduction in the transaction demand for bank deposits and reliance on cash.

Why we need CBDCs in India?

According to RBI, India's high currency to GDP ratio calls for a switch to CBDCs. If large cash transactions can be replaced by CBDCs, the cost of printing, transporting, storing and distributing currency can be reduced.

It also said that freely convertible currencies like the US dollar may not be affected as most of the private virtual currencies in vogue are denominated in US dollar. The RBI said that virtual currencies might encourage the use of US dollar. So, a digital currency developed by India could help retain public preference for the Rupee.

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Crypto debate set to return in force | TheHill – The Hill

The debate over regulating cryptocurrency is set to heat up when lawmakers reconvene in Washington, as industry leaders and members of both parties double down on their objections to the current language in the bipartisan infrastructure bill.

And beyond revising the infrastructure provision after failed efforts, further attempts to regulate cryptocurrency may bring together unlikely allies in Congress and draw battle lines within parties.

Rather than trying to ignore or suppress cryptocurrency and related technologies, regulators and legislators alike need to recognize that open, public networks are here to stay. Our laws and regulations must adapt to these developments, Sen. Pat ToomeyPatrick (Pat) Joseph ToomeyBlack women look to build upon gains in coming elections Watch live: GOP senators present new infrastructure proposal Sasse rebuked by Nebraska Republican Party over impeachment vote MORE (R-Pa.) said in a statement Thursday.

Toomey, the ranking member of the Senate Banking Committee, put out a call soliciting proposals on how to ensure federal law supports the development of crypto and open blockchain network technologies in a way that protects investors. The committee will collect proposals through Sept. 27.

I am hopeful the broad array of legislative proposals I receive will help in crafting thoughtful legislation, he said.

Toomeys request comes on the heels of two failed efforts to amend the infrastructure bill, both of which he backed. Toomey joined Sens. Cynthia LummisCynthia Marie LummisCrypto industry seeks to build momentum after losing Senate fight Hillicon Valley: Cryptocurrency amendment blocked in Senate | Dems press Facebook over suspension of researchers' accounts | Thousands push back against Apple plan to scan US iPhones for child sexual abuse images Cryptocurrency amendment blocked in Senate MORE (R-Wyo.) and Senate Finance Committee Chairman Ron WydenRonald (Ron) Lee WydenAttacking fires by air often does no good, expert says Overnight Energy: Democrat spending proposal would raise conservation cash through fossil fees Oil producers push Democrats to preserve key drilling deduction MORE (D-Ore.), in proposing an amendment to the provision in the legislation that would have redefined the term broker to limit the new reporting requirements to keep so-called miners and developers from being roped in.

When that provision got pushback from the Biden administration, pitting the White house against Wyden, Toomey signed on to a compromise amendment that aimed to revise the language to similarly exempt the unintended players from the requirements. But that effort failed as well, not based on substance but due to procedural struggles after Sen. Richard ShelbyRichard Craig ShelbyPress: Why is Mo Brooks still in the House? Eshoo urges Pelosi to amend infrastructure bill's 'problematic' crypto regulation language Crypto industry seeks to build momentum after losing Senate fight MORE (R-Ala.) tried to attach an untreated proposal to boost military spending.

Bipartisan lawmakers in the House sounded similar alarms and urged amendments to the language, but their hands were tied based on the larger debate around the bill, and Speaker Nancy PelosiNancy PelosiEviction ruling puts new pressure on Congress On The Money: Powell signals Fed will soon cut stimulus Banks fights Jan. 6 committee effort to seek lawmaker records MORE (D-Calif.) ended chances to amend the bill as part of a deal with moderates.

Given that amendment efforts werent blocked based on substance, industry leaders are hopeful to revise the language through other legislative vehicles going forward.

We think that the political will and interest is there, it's really going to be finding the right opportunity and channeling all of the support that we have in Congress into moving that forward, said Kristin Smith, executive director of the BlockChain Association.

What we'll hopefully see emerge now that we sort of know the lay of the land is, hopefully there will be members coalescing around the single strategy to get this fixed, she said. It's certainly disappointing but it doesn't come as a surprise that we weren't able to get an amendment in this bill.

After the debate put a spotlight on the industry, Washington has its eye on regulations beyond amending the definition for reporting requirements as laid out in the infrastructure bill.

That debate is what prompted Toomey to solicit legislative proposals, but hes also looking for ideas broadly on crypto regulation, according to a GOP aide.

The industry-wide backlash to the bill highlights why Congress needs to engage with stakeholders and prioritize how to regulate the industry without stifling innovation, the GOP aide said.

Within the industry there was widespread criticism that Congress lacked the understanding of how crypto functions before hastily adding in the provision to help pay for the roughly $1 trillion bill. That purported lack of understanding, they argue, could lead to unintended consequences.

The knowledge gaps may prompt lawmakers to hold more hearings with industry experts in coming months, according to the GOP aide.

But others in Congress are not as warm to the industry. Sen. Elizabeth WarrenElizabeth WarrenNewsom recall spurs unprecedented turnout campaign Biden faces another huge decision apart from COVID and Afghanistan Fed reappointment splits progressives MORE (D-Mass.), for one, has been pushing for more regulation slamming crypto as the wild west of our financial system.

Warren sent a letter to Securities and Exchange Commission Chair Gary GenslerGary GenslerCryptocurrency makes the climate crisis worse SEC ups disclosure requirements for Chinese companies seeking US IPOs: report Crypto industry seeks to build momentum after losing Senate fight MORE in July pressing him on the need to regulate cryptocurrency exchanges. The month before, she chaired a Senate Banking, Housing, and Urban Affairs Committee's subcommittee on Economic Policy hearing on the industry, pressing experts over the safety and reliability of cryptocurrencies.

The GOP aide said Toomey is not not on board with Warrens approach, which the Republican senator thinks could stifle innovation and lead to lawmakers rushing into regulation before better understanding its impacts.

But Toomey did find common ground with Wyden while working on the amendment despite its ultimate failure. And through the effort, Wyden broke from some of his Democratic colleagues and the Biden administration in proposing his version of the fix.

Even when Toomey and Lummis joined Sen. Rob PortmanRobert (Rob) Jones PortmanGOP hopefuls fight for Trump's favor in Ohio Senate race Trump's last national security adviser endorses JD Vance in Ohio Senate race FreedomWorks misfires on postal reform MORE (R-Ohio) and Democratic Sens. Mark WarnerMark Robert WarnerOn The Money: Progressives dig in for fall fight with centrists on Biden budget plan Senate Democrats release more details of international tax plan Trump says he 'single-handedly' picked Alabama for Space Command, contradicting Pentagon MORE (Va.) and Krysten Sinema (Ariz.), on the compromise amendment that won over support from the administration, Wyden notably left his name off the proposal. However, the Oregon Democrat did not try and block the measure, and said it was certainly better than the underlying bill.

Whichever way the regulation debate plays out in Congress, the cryptocurrency industry is ramping up efforts in D.C. In addition to the industry boosting lobbying, the debate around the infrastructure bill mobilized a grassroots push that led supporters to tweet and call lawmakers directly.

Smith said she expects that engagement level to remain.

The crypto community at large, even broader than just the Blockchain Association, has been following this very closely and is eager to be engaged and participate and I think that having that is cryptos superpower, she said.

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Missouri lawmakers discuss election security in hearing marked by conspiracy theories – Joplin Globe

JEFFERSON CITY, Mo. The Missouri House Elections Committee convened last week to discuss ways to alter the initiative petition process and improve election security.

And over the course of more than three hours, lawmakers heard a parade of debunked conspiracy theories about the 2020 election.

Im convinced the country suffered the greatest cyberattack in the history of the world that was ordered and orchestrated by the Chinese Communist Party, retired military analyst David Stevens told the committee.

Stevens was referencing a conspiracy peddled by MyPillow CEO Mike Lindell that claims the Chinese were behind President Joe Bidens 2020 victory. During his August symposium, Lindell offered $5 million to any cybersecurity expert who could prove his claims wrong, and at least one former military cyber expert, a longtime Republican from Texas, has said he easily can.

Others testifying Tuesday were similarly enamored with Lindells theories, including Rep. Ann Kelly, a Lamar Republican who doesnt serve on the elections committee but testified about attending a symposium in Sioux Falls, South Dakota, organized by Lindell.

Missouri resident Keith Carmichael testified about false voter-fraud theories from Ohio mathematician Douglas Frank, which have been disproven by a Republican-led Michigan Senate Oversight Committee. Working together, Frank and Lindell contend they can prove voting machines were hooked up to the internet, which both Ohio and Missouri laws prohibit.

Just a moment ago, a veteran military analyst told you that you were attacked, Carmichael said. I dont know if you were listening. Nobody ran out. I didnt see anybody call home. I know during 1941 when Pearl Harbor was attacked, I imagine people just stopped what they were doing.

There is no evidence of widespread voter fraud or irregularities during the 2020 election.

The witnesses were met with numerous objections from both Republican and Democrat committee members. Election officials at both the state and county levels also testified for several hours to dispel the false claims.

We do have a very secure system that all of our election authorities use, said Trish Vincent, chief of staff for Secretary of State Jay Ashcroft. We put in layers of security to make it doubly secure.

However, Vincent quickly added that a bill to require a photo ID to vote an idea that has been repeatedly rejected by Missouri courts would be one way to dispel mistrust and increase voter confidence.

Weve been wrestling with that for a number of years, she said.

The GOP-dominated General Assembly made requiring a photo ID to vote and making it harder to change state law through the initiative petition process top priorities this year. But the session ended in May without any of the election bills finding their way to Gov. Mike Parsons desk.

Tuesdays hearing is seen as clear indication that election legislation will once again sit atop the GOP agenda in January when lawmakers return to Jefferson City.

Rep. Ashley Aune, D-Kansas City, said Tuesdays hearing was part of a strategy to sow seeds of doubt and distrust in the electoral system.

Even though the Republican committee members didnt outwardly support the election-fraud conspiracy theories touted by witnesses, Aune said she had serious concerns about the level of legitimacy they gave the claims by inviting witnesses to talk about them.

They just need to put it out there and leave people to stew on it, Aune said. It paves the way to create policies to make our elections safer if they think they are unsafe.

At one point in the meeting, committee chair Rep. Dan Shaul, R-Imperial, said that he brought forth the issues of data hacking to make sure the states election authorities have the tools they need.

That was my purpose today to make sure that we talked about these odd things that could impact the integrity and the trustworthiness of our systems, Shaul said.

The first hole in Lindells Chinese cyberattack theory is that election authorities dont certify election results via the internet, said Rep. Peggy McGaugh, a Carrollton Republican who is vice chair of the elections committee and a former county clerk.

Greene County Clerk Shane Schoeller, a Republican and former state legislator, agreed.

Missouri is a paper ballot state, Schoeller said. We certify elections off of paper. We use electronic equipment on election night in order to be able to put uncertified results out to the public.

All that equipment is certified by the secretary of states office. They use an encrypted memory stick thats certified by a bipartisan election team.

Schoeller walked through the rigorous auditing steps that election results go through after election night.

We have these safeguards in place, he said. I think we all agree we are going to trust but we are going to verify.

Aune said a public school in her district had to close down for two days because its system was hacked.

She co-sponsored the Missouri Cybersecurity Act, which lawmakers approved in May and will establish a commission of cybersecurity experts to address issues like this. It went into effect Saturday.

If lawmakers are interested in cybersecurity, they should ignore baseless election conspiracies to focus on safeguarding utilities and entities like public schools, she said.

Thats where our time should be spent, Aune said. Lets put our attention where we know we need it.

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Business this week – The Economist

Aug 28th 2021

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Joe Biden held a summit at the White House with the chief executives of Americas biggest tech, financial and infrastructure companies to discuss cyber-security. Those attending included Tim Cook of Apple (pictured), Satya Nadella of Microsoft and Jamie Dimon of JPMorgan Chase. Criminal hackers have attacked several critical infrastructure- and software-systems this year. Mr Biden urged companies to help fill the half a million job vacancies in cyber-security.

Chinese tech stocks had a good few days, in part because robust quarterly earnings from JD.com, one of Chinas biggest e-commerce companies, suggested that it was coping well with the governments regulatory crackdown on the tech industry. Chinas internet giants are making sure they are seen to respond to the latest edicts. Pinduoduo and Tencent, two online platforms, said they would donate billions to worthy causes, after President Xi Jinping pressed high-income enterprises to return more to society. See article.

The share prices of Uber, Lyft and other gig-economy companies wobbled after a judge in California struck down Proposition 22, a voter-approved measure that allows the firms to continue classifying their drivers as independent contractors rather than workers. The judge found that the measure was unconstitutional and unenforceable, but stayed his decision until appeals can be heard.

Providing a contrast to the image of tech companies as fiendish reprobates, Airbnb offered free temporary housing to 20,000 Afghan refugees around the world. The home-rental platform and its charity have housed 25,000 refugees over the past four years.

South Africas official unemployment rate rose to 34.4%, the highest level since the current method of counting joblessness began in 2008. Including those in the labour force who are discouraged from looking for work, the rate rose to 44.4%.

South Koreas central bank raised its benchmark interest rate by a quarter of a percentage point, to 0.75%. It was the first rate increase in almost three years, and comes amid growing consumer debt in the surging economy.

Britains Competition and Markets Authority published its report into the proposed takeover of Arm, a British chip designer, by Nvidia, Americas most valuable semiconductor manufacturer. The CMA concluded that the deal would result in less competition and called for an official investigation. The government has already voiced separate concerns about the takeover on national-security grounds.

Virgin Orbit said it would list on the Nasdaq stockmarket by merging with a special-purpose acquisition company (SPAC) in a deal that includes an investment by Boeing. An offshoot of Virgin Galactic, Virgin Orbit is expanding its satellite-launch business and developing a constellation for internet-of-things services.

Maersk, the worlds biggest container-shipping firm, ordered eight vessels with dual-fuel engines that will be powered mostly by green methanol. Maersk is busily decarbonising as freight customers look to reduce their own emissions in supply chains. But it may encounter problems securing stock of the methanol, which is made from renewable sources such as biomass and solar energy.

The British government rejected a plea by the retail and transport industries to fill an acute shortage of lorry drivers by giving temporary work visas to lorry drivers from the EU. The shortage of drivers has been caused by covid-19 measures and the departure of EU nationals after Brexit. Delayed deliveries are causing goods shortages. McDonalds ran out of milkshakes this week because of supply-chain issues.

Goldman Sachs became the latest big bank in America to insist that employees and visitors to its offices produce proof of vaccination against covid-19. Delta Air Lines became the first big company to impose a health-insurance surcharge, of $200 a month, on unvaccinated staff, though it is not requiring its workers to have the jab.

Matt Mendelsohn was appointed as Yale Universitys chief investment officer after the death of David Swensen in May. Mr Mendelsohn worked closely with Swensen and now takes on full responsibility for Yales influential $31bn endowment fund.

Perhaps confirming the adage that sex sells, OnlyFans reversed its ban on explicit acts by adult performers on its platform, after a backlash from the porn stars who have driven the sites success (they say it gives them a safe space to earn money). OnlyFans had introduced the ban on rumpy pumpy after coming under pressure from creditors worried about reputational risks, but it has now found alternative ways to support our diverse creator community. See article.

This article appeared in the The world this week section of the print edition under the headline "Business this week"

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