The 5th Circuit Court of Appeals on Wednesday ruled the Securities and Exchange Commission (SEC) is denying defendants their constitutional right to a jury trial by putting them in front of its own internal judges.

In a 2-1 ruling, the court ruled for George Jarkesy and Patriot28 LLC, who sued the SEC in 2011 after the agency imposed a $300,000 fine and other punishments in a securities fraud case.

Judge Jennifer Walker Elrod wrote in the majority opinion that the SEC violated the Seventh Amendment’s right to a jury trial by bringing defendants before in-house judges and allowing the agency to “act as both prosecutor and judge.”

Congress also unconstitutionally delegated power to the SEC to act as a legislative body, Elrod wrote.

“‘We the People’ are the fountainhead of all government power. Through the Constitution, the people delegated some of that power to the federal government so that it would protect rights and promote the common good,” Elrod said. “But that accountability evaporates if a person or entity other than Congress exercises legislative power.”

In a dissenting opinion, Judge Eugene Davis disagreed, saying the right to a jury trial did not pertain to administrative proceedings and that the SEC was enforcing laws and statutes in the public interest.

Davis also said Congress did not overreach in empowering the SEC to enforce action through its administrative proceedings.

The ruling comes two days after the U.S. Supreme Court agreed to a hear a separate but similar case involving the SEC’s administrative powers and in-house judges in a suit brought by Texas accountant Michelle Cochran.

In the 5th Circuit case, Jarkesy created two hedge funds and selected Patriot28 as an investment adviser. In 2011, the SEC brought action against Jarkesy and Patriot28, accusing them of overvaluing their investment fund and misrepresenting data to attract investors.

An administrative law judge within the SEC ruled that Jarkesy and Patriot28 had committed securities fraud, as did the SEC’s internal commission.

They were fined $300,000, and Jarkesy was barred from interacting with brokers, investors and others within the industry.

Before bringing the case to the 5th Circuit Court of Appeals, Jarkesy and Patriot28 had attempted to bring the case before the U.S. District Court in Washington, D.C., and the U.S. Court of Appeals for the D.C. Circuit but were denied and sent back to the SEC’s administrative process.

The Dodd-Frank Act, passed after the 2008 financial crisis, empowered the SEC to bring cases before its own internal judges and institute penalties against defendants.


https://www.yahoo.com/entertainment/court-rules-sec-internal-judges-003130403.html

Solar panels would be mandatory on all new buildings in the European Union under a new proposal aimed at ending its reliance on Russian fossil fuels by 2027 and supercharging its transition to green energy.

The “solar rooftop initiative” in the European Commission’s REPowerEU plan would introduce a phased-in legal obligation to install solar panels on new public and commercial buildings, as well as new residential buildings.

“We can also lead by example,” Frans Timmermans, who is leading the commission’s work on the European Green Deal, said at a news conference announcing the plan on Wednesday. “Let us show as a commission how quickly we can put solar panels on our buildings.”

The initiative forms part of the commission’s drive to scale up and speed up renewable energy in power generation, industry, buildings and transport, to accelerate the EU’s independence from Russian imports, give a boost to the green transition and reduce energy prices over time.

The detailed plan published on Wednesday comes after the commission, the European Union’s executive arm, called for the rapid phase-out of Russian fossil fuels and an acceleration of the European Green Deal in March in response to Russia’s invasion of Ukraine.

European leaders then agreed to fully phase out Europe’s dependency on Russian gas, oil and coal imports as soon as possible at the European Council meeting later that month, and asked the commission to develop a plan by the end of May.

The REPowerEU plan published on Wednesday is the commission’s detailed proposal of how to do just that. The plan has three main pillars: energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy.

The commission has said the plan will require an additional investment of €210bn (£178bn) between now and 2027 from the private and public sector across Europe, describing it as a “downpayment” on the bloc’s future independence and security. The proposal says cutting Russian fossil fuel imports can save the EU almost €100bn a year.

“It is clear we need to put an end to this dependence [on Russian fossil fuels] as soon as possible and a lot faster than we had forseen before this war,” said Mr Timmermans. “In March we showed it could be done, the European Council in Versailles decided it should be done, today we show how it will be done.”

Accelerating the rollout of renewables

The proposed mandatory solar panel roll out is part of the ‘renewable energy’ pillar.

The commission is proposing to increase its current target for renewables to produce 40 per cent of the EU’s energy by 2030, raising it to 45 per cent.

In order for this to happen, the commission is proposing to double the rate of deployment of heat pumps, to produce 10 million tonnes of domestic renewable hydrogen by 2030, and to double wind and solar capacity.

By 2030, solar energy will also be the largest electricity source in the EU with more than half coming from rooftops, said Kadri Simson, the EU commissioner for energy.

The commission is also calling on member states to create dedicated “go-to” areas for renewables in places with lower environmental risks, where it says permitting processes should be shortened and simplified.

It says it will roll out contracts to support the update of green hydrogen by industry and will use emission trading revenues to support the switch away from Russian fossil fuel dependencies. It says it will also “intensify” work on the supply of critical raw materials for the renewable transition and prepare a legislative proposal.

“There is huge potential for rooftop solar ... there is a huge potential for on and offshore wind, there is a huge potential for increased biomethane production,” said Mr Timmermans. “If we do all these things we will first of all reduce our imports of Russian gas by one-third already this year and then we will, working towards 2027, reduce our dependency to zero.”

Saving energy

In terms of saving energy, the commission is proposing to raise its current target for reducing energy consumption by 2030 via energy efficiency, from 9 per cent to 13 per cent.

It is also encouraging member states to use policy to boost energy savings, such as reduced VAT rates on energy-efficient heating systems, building insulation and appliances and products, or by strengthening national energy requirements of new buildings.

In the short term, citizens and businesses can save energy by reducing heating temperatures and reducing the use of air conditioning, switching off lights, using more public transport and using household appliances more efficiently, the commission added.

“The cheapest energy is the energy you don’t use,” said Mr Timmermans.

Diversifying energy supplies

In the proposal, the commission says it is considering the development of a “joint purchasing mechanism”, which will contract and negotiate gas purchases on behalf of participating member states. It will also enable joint purchasing of renewable hydrogen.

The commission will also consider legislative measures to insist on diversification of gas supply over time by member states, it added.

https://news.yahoo.com/solar-panels-set-mandatory-buildings-112507536.html

California Gives Final OK To Require Solar Panels On New Houses

Solar panels will be a required feature on new houses in California, after the state's Building Standards Commission gave final approval to a housing rule that's the first of its kind in the United States.

Set to take effect in 2020, the new standard includes an exemption for houses that are often shaded from the sun. It also includes incentives for people to add a high-capacity battery to their home's electrical system, to store the sun's energy.

https://www.npr.org/2018/12/06/674075032/california-gives-final-ok-to-requiring-solar-panels-on-new-houses

“We can also lead by example,” Frans Timmermans, who is leading the commission’s work on the European Green Deal, said at a news conference announcing the plan on Wednesday. “Let us show as a commission how quickly we can put solar panels on our buildings.”

Democrats Push Green New Deal Measures, Other Liberal Policies Through House

July 1, 2021

Washington, D.C. – Today, Congressman Michael Guest (MS-03) voted against the Democratic Majority's $715 billion package reauthorizing surface transportation and water and wastewater programs. The bill excluded almost all of the Republican alternative proposals in the STARTER Act 2.0, including those that would address the gaps in funding between rural and urban transportation, create more flexibility for local governments to address their state or region's own unique needs, and streamline costly review processes in order to reduce bureaucratic delays. The legislation passed 221-201.

https://guest.house.gov/media/press-releases/democrats-push-green-new-deal-measures-other-liberal-policies-through-house

A crypto token backed by potatoes, tomatoes or even wheat cannot make those foods more abundant and less scarce.

Food supplies are being rocked by Russia's invasion of the 'breadbasket of Europe'

The world has just 10 weeks' worth of wheat stockpiled after Vladimir Putin's invasion of Ukraine disrupted supplies from the "breadbasket of Europe".

The UN has been warned that global wheat inventories have fallen to their lowest level since 2008 as food supplies are rocked by a “one-in-a-generation occurrence”.

Official government estimates put world wheat inventories at 33pc of annual consumption, but stocks may have slumped to as low as 20pc, according to agricultural data firm Gro Intelligence. It estimates that there are only 10 weeks of global wheat supply left in stockpiles.

Russia and Ukraine account for around a quarter of the world’s wheat exports and the West fears Mr Putin is trying to weaponise food supplies. Russia is on track for a strong wheat harvest this year, cementing Mr Putin’s control over the staple grain as bad weather spoils production in Europe and the US.

Gro Intelligence chief executive Sara Menker warned global food supplies are being hit by a number of “extraordinary” challenges, including fertiliser shortages, climate disruptions and record low inventories of cooking oils and grains.

She told the UN’s Security Council: “Without substantial immediate and aggressive coordinated global actions, we stand the risk of an extraordinary amount of both human suffering and economic damage.

“This isn’t cyclical, this is seismic. It’s a once-in-a-generation occurrence that can dramatically reshape the geopolitical era.”

The war has disrupted agricultural production in the region and sent global food prices soaring to a record high, stoking fears of unrest in developing countries. The crisis in wheat has been worsened by India, the world’s second largest producer, banning exports of the cereal and higher costs for farmers from fertiliser, feed and fuel.

Western officials also fear the Russian president is deliberately trying to damage global food supplies by destroying equipment and stealing grain in Ukraine.

Earlier this week, Bank of England Governor Andrew Bailey warned of “apocalyptic” food price rises as Ukraine struggles to export products.

“Ukraine does have food in store but it can’t get it out at the moment,” he told MPs on the Treasury Committee.

“That is a major worry. It is not just a major worry for this country, it is a major worry for the developing world.”

US Secretary of State Antony Blinken said on Thursday that Mr Putin is “using food as a weapon”.

“The food supply for millions of Ukrainians and millions more around the world has quite literally been held hostage.”

He added: “Some 20m tons of grain sit unused in Ukrainian silos as global food supply dwindle (and) prices skyrocket.”



Meanwhile, the Kremlin is tightening its grip on wheat supplies after a stronger harvest. Carlos Mera, head of agri commodities research at Rabobank, said mild conditions in Russia – which accounts for about a fifth of global wheat exports – had put it on track to produce 84.9m metric tonnes of the staple grain this year.

Conditions for Western growers have been poor due to dry conditions.

America’s southern plains region, as the bottom of the "Wheat Belt" that runs through the middle of the country, has been experiencing sustained drought conditions.

In a report earlier this month, the US Department of Agriculture forecast a major decline in wheat stocks, saying they will drop 6pc to a nine-year low of 16.8 million tonnes by the end of 2022/23.



https://www.telegraph.co.uk/business/2022/05/20/world-has-just-ten-weeks-worth-wheat-left-ukraine-war/

Now Banking licenses are also hard to acquire but USDC (Circle) has purchased their own Bank and they are acquiring their own Banking licenses.

10 usd can you invest it in something to generate real profit ?   No

Create usd or other stablecoin like eur or why not gbp...
And make big airdrop.
So everybody will get nice ammount
And exchangers will pay apy like 40-50% to hold

Its instant plan to remove poverty you print money

What you are saying is essentially: Farming particularly for nuts and fruits, this indeed needs a lot of work as well, it cannot also be done on the side lines since at the end of the day it would need proper space, Investment, quality control, making sure you use manure and GMO sometimes can be expensive

Elon Musk Gives Himself a Second Chance to Sell an Unusual Machine

Introducing Optimus

Optimus is a project fueled by Musk's desire to replace humans with robots in his factories. It was introduced in August 2021, during a special event called Tesla AI [Artificial Intelligence] Day. Optimus is a human in a robot suit, nearly six feet tall and weighing 125 pounds — or rather, the person in the robot suit did.

https://www.thestreet.com/technology/elon-musk-gives-himself-a-second-chance-to-sell-an-unusual-machine

Meet The Man Who Lost $200 Million Gambling In Vegas… IN ONE YEAR!

Las Vegas has a name for big time, big money gamblers. They are called whales and they are the lifeblood of every casino on the Strip. When a whale lands in your casino and starts betting tens of thousands (or more!) dollars at a time, executives do whatever it takes to keep him or her happy and gambling in your casino. In terms of whales, Nebraska-born businessman Terry Watanabe was a whale of a whale. Actually, he was a whale of a whale, of a whale, of a whale of a whale. During a year-long gambling streak, Terry lost a mind melting $204 million dollars at two Vegas casinos. Both gambling halls are owned by Harrah's Entertainment, Inc. and Watanabe's staggering losses alone accounted for 5.6% of gambling revenue for the parent company that year. Who is Terry Watanabe and how did this truly shocking gambling loss go down?

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https://www.celebritynetworth.com/articles/entertainment-articles/meet-man-lost-200-million-gambling-vegas-one-year/