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rumshopboy · 6 days
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The Rum Show 2023 (c/o The Whisky Exchange)
It has been a while since my last post (sorry)! A slightly belated look back at "Four hours of top rums at the trade session of The Rum Show 2023."
“Four hours of top rums at the trade session of The Rum Show 2023.”A slightly belated look back! As the summer/autumn rum festival seasonis fast approaching, what better time than now,to look back at last summer’sThe Rum Show c/o #TheWhiskyExchange. It has been a while since my last post!Sorry, other things often get in the way of writing about rum.I will be putting this right going…
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baptistesilkart · 3 years
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Chairman's Reserve Rum Eco Series
Chairman’s Reserve Rum Eco Series
Chairman’s Reserve Rum 2021 artist collaboration | Jean-Baptiste Visit Chairman’s Reserve
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realtimesmedia · 5 years
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जिला पंचायतों के अध्यक्ष पदों के आरक्षण के लिए 18 नवम्बर को निकलेगी लॉटरी रायपुर(realtimes) छत्तीसगढ़ पंचायत राज अधिनियम-1993 की धारा 32, 129-ड. सहपठित छत्तीसगढ़ पंचायत (उपसरपंच, अध्यक्ष एवं उपाध्यक्ष) निर्वाचन नियम,
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thewhiskyphiles · 7 years
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Whisky New Releases 2017 Week 45
#Whisky New Releases 2017 Week 45 top picks from @CompassBox @Glenglassaugh @Bowmore
Whisky New Releases 2017 Week 45
Welcome to The Whiskyphiles New Releases, our weekly report on the best of both the official and independently bottled whisky recently released.
Our top picks this week:
Compass Box No Name peaty peaty peat peat but put together with some real sweetness and malt in the blend too, delicious! Sampled at Glasgow Whisky Festival
Glenglassaugh Peated Port Wood Finishno…
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matterconcern-blog · 7 years
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New Post has been published on Matter Concern
New Post has been published on https://matterconcern.com/archives/35911
U.S. Job Growth Rises Briskly, Wages Continue To Climb
U.S. economy adds more than expected 235,000 jobs in February, unemployment rate at 4.7 percent.
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webionaire · 4 years
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The sudden job losses are all the more striking after a long period of record low unemployment, in which minorities and less-educated workers had finally begun to see brighter job prospects.
"It is heartbreaking, frankly, to see that all threatened now," Federal Reserve Chairman Jerome Powell said Wednesday. "All the more need for our urgent response and also that of Congress — which has been urgent and large — to do what we can to avoid longer-run damage to the economy."
Congress has authorized expanded unemployment payments of $600 per week through July. Those benefits are available not only to ordinary payroll workers but also "gig" workers and the self-employed, who ordinarily are not eligible for unemployment benefits.
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newssplashy · 6 years
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Saudi Arabia has shortened the length of time that its state owned energy company, Saudi Aramco, will have guaranteed access to the kingdom's oil and gas reserves, as part of a power struggle between the company and the state.
Saudi Arabia's state-owned oil company, Aramco, has had its access to the kingdom's oil and gas reserves limited to a 40 year contract.
Limiting the once evergreen contract was designed to prepare the company for opening to foreign investors and formalize its relationship with the state.
The new contract was "one of several important steps undertaken to prepare Saudi Aramco for being listed," the Saudi energy ministry told the Financial Times.
Saudi Arabia has shortened the length of time that its state owned energy company, Saudi Aramco, will have guaranteed access to the kingdom's oil and gas reserves, as part of preparations for the eventual public listing of Aramco.
The new concession agreement between Aramco and the Saudi Arabian government now places a 40 year limit on the firm's access to the the kingdom’s oil and gas reserves, where before it had rights in-perpetuity, the Financial Times reported.
But Saudi Aramco will still have the opportunity to renew before the 40 year contract expires.
Three people who had been briefed on the matter told the FT the change was in preparation for the stock market flotation and privatization of the company. Aramco's flotation was initially scheduled to take place this year, but has now been indefinitely delayed.
Khalid al-Falih, Saudi energy minister and chairman of Saudi Aramco has said there is commitment to listing the company, but despite his comments there are indications that the country is unwilling or unable to currently do so.
The new contract was "one of several important steps undertaken to prepare Saudi Aramco for being listed," the Saudi energy ministry told the FT, adding the government was committed to "proceeding with the IPO, when conditions are optimum, at a time of its choosing."
The legal change to the contract was designed to move Aramco towards a formal relationship with the state, before opening the firm up to possible foreign investors, the three sources said.
Following a delay in plans to open the company up to outside investors, the sources said that the move to limit the contract had been a waste of time and means ministerial control of Saudi Aramco has grown, as the company fought against limits to oil and gas access that it once held indefinitely.
The government originally argued for an even shorter contract of 20 years, more in-step with international oil companies, but it was decided this would have consequences for declared energy reserves, long term plans and the valuation of Aramco.
But 40 year contract is longer than most oil companies are able to obtain, and with Aramco still key to Saudi Arabia’s economy there is currently no indication that it wouldn't be renewed towards the end of the concession.
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rumshopboy · 2 years
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The Rum Show 2022
The Rum Show 2022: c/o The Whisky Exchange My Friday afternoon visit. Sneak tastings of Sovereignty and Isonomy amongst others.
The Rum Show 2022: c/o The Whisky Exchange After two years of Covid nonsense destroying events and hospitality, 2022 is the year when shows and events make a full and proper comeback. Organised by UK company The Whisky Exchange, The Rum Show 2022 was hosted in Glaziers Hall at London Bridge. I attended the Trade Session on Friday July 22nd from 12-4pm. This was a short session to fit in a lot…
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thefatrumpirate · 8 years
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St Lucia Distillers - Tour the North - Newcastle Upon Tyne
St Lucia Distillers – Tour the North – Newcastle Upon Tyne
Fate is a funny thing and certainly not something anyone should take for granted.  As a rum blogger (I hate that term) based in the North East of England rum “events” don’t come along very often.
I had originally planned to make my first public appearance as “thefatrumpirate” back in October 2015 at the London Rumfest.  However the news that I was to become a father meant such shenanigans were…
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rumshopboy · 3 years
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Chairman's Reserve Original
Chairman’s Reserve Original
Saint Lucia 40%£25 Single Blended Rum: A blend of pot still and traditional column still from a single distillery.ABV Hydrometer Test: Unable to test while on holiday.* B Q: What do you do when you go on holiday (vacation) to Saint Lucia? A: Grab a bar stool at the beach bar, drink Chairman’s Reserve Original and write about the rum. Chairman’s Reserve Original is something of a modern…
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rumshopboy · 3 years
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Chairman's Reserve Legacy
Reviewing Chairman's Reserve Legacy. Saint Lucia Distillers' latest tasty tipple. https://rumshopboy.com/2021/01/09/chairmans-reserve-legacy/
Saint Lucia 43%£38 Single Blended Rum: A blend of pot still and traditional column still from a single distillery.ABV Hydrometer Test: 43% ABV @ 20°* B Kicking off 2021 in style with a new rum from Saint Lucia:Chairman’s Reserve Legacy. Legacy is the result of the vision of Mr. Laurie Barnard, who as Chairman of Saint Lucia Distillers (SLD) in 1994, had a vision of creating Saint Lucian rums…
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rumshopboy · 3 years
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Rums of the Year: 2020
Rums of the Year: 2020. A brief look back at a few of my rum highlights of 2020. https://rumshopboy.com/2020/12/31/rumsoftheyear2020/
2020: A Challenging Year The wine and spirits industry has faced one of its most challenging years in 2020. Let’s be honest, 2020 started well enough, but Covid19 managed to well and truly screw things up for just about everyone in one form or another, culminating in just three pubs open in the entire UK on New Year’s Eve. Whilst not wanting to dwell too much on the negative aspects of the…
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New Post has been published here https://is.gd/IYmEWS
Bitcoin's True Stress Test Is Yet to Come
This post was originally published here
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative.
The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.
Rekt? You should see the other guy.
For anyone concerned about bitcoin losing another 4 percent in October to post its third straight monthly loss, it’s worth comparing that loss to those seen by traditional financial markets.
By standard measures, last month was the worst on Wall Street since the 2008 financial crisis. The Nasdaq lost 9.2 percent, the Dow Jones Industrials, 6.9 percent, and the S&P 500, 5.1 percent. Riskier markets such as tech stocks and emerging markets were hit especially hard.
A 4 percent decline is still hefty. But given its past volatility, the lead cryptocurrency’s relative stability amid the angst on the Street is notable.
The general impression produced by last year’s wild crypto bubble was that bitcoin and all other such tokens exist at the extreme end of the speculative class of assets. So, if world markets become risk-averse, as they did severely last month, the thinking was that people would dump bitcoin along with every other high-risk asset in their flight to dollars.
Instead, up until Monday, October 30, when bitcoin suffered a $200 drop, it was more or less stable. By crypto standards, it was a boring month.
It might be tempting to conclude that bitcoin is attracting a safe-haven bid, that people are looking to hedge their risks with a stable-yet-liquid asset that’s immune from the politics of financial crises. The idea is that bitcoin is starting to assert itself as a new type of uncorrelated reserve asset, a digital gold for the digital age.
But the truth is there is very little of this safe-haven buying going on in bitcoin prices right now. There was no noticeable spike in transactions last month, just more of the very, very gradual increase that has occurred off the low base reached during the post-bubble period of the late winter.
While there are surely some newcomers shifting their assets into bitcoin, especially in places like Venezuela, there’s no great wave of people suddenly realizing that this new digital asset might be a hedge against future political and economic turmoil.
Community turnover
So why did this notoriously volatile asset have a relatively quiet October?
One way to think about it is to reflect on the changing nature of the bitcoin investment community, which can be divided into speculators and buy-and-holders – better known as hodlers.
The speculators who dominated the community last year have gone – certainly the newcomers who drove the bitcoin price to its ridiculous peak above $19,000 in December. You know the type: your mother, your cousin or that high school friend you hadn’t spoken to for years who asked for tips on what coins to buy.
That leaves the hodlers, the true believers, those in it for the long term. These people are far less likely to care about turmoil in world markets putting their dollar-based wealth at risk. Many don’t even measure their risk exposure in dollar terms.
They don’t – at least to a point. You see, here’s the thing: This remaining community of hodlers may soon be the guinea pigs in a much more important bitcoin stress test.
What if things get ugly?
What happens if, as a number of market prognosticators believe, things get truly nasty economically?
I mean 2008-like nasty, when a financial crisis morphed into a full-blown economic crisis. Will these diehards resist liquidating their bitcoin assets then?
The answer may be a function of their real-world economic profiles. Do most of them comprise developers and entrepreneurs paid in bitcoin and ether whose expenditures are also largely for goods and services remunerated in the same? If they can subsist in the crypto economy, then maybe they’ll keep hodling.
If they do hang on, they’ll give bitcoin an impressive show of stability. Amid economic chaos, such resilience would look quite impressive to the outside world, potentially drawing another round of newcomers into the mix – not speculative “too the moon” lambo-hunters but people who get the idea that this is a valuable hedging asset for the digital economy.
The number of people who live in that crypto-dominant economy is bigger than is recognized by crypto critics, who tend to see every action of this community through the lens of investors marking their profits and losses to market in dollar terms. Still, it’s difficult to say whether this group is big enough to offset the many others for whom a serious 2008-like blow to their fiat incomes will drive them to liquidate bitcoin along with other assets.
Complicating matters is the fact that a host of new exchanges, custodial services and trading platforms are coming that could attract large institutions into this market. There might be a sizable amount of Wall Street money coming into bitcoin over the coming year.
Bitcoin speculators hoping to turn their holdings into dollar-based fortunes tend to see this as a positive prospect, assuming the influx of funds will drive up the price. But while that might happen in the short term, the experience of last year, when short-selling accompanied the introduction of the Chicago Mercantile Exchange’s and Chicago Board Options Exchange’s cash-settled bitcoin futures contracts, is that these professional solutions can also invite volatility.
These new institutional tools give the big guys greater capacity to get in, but they also give them the means to get out. Hedge funds are definitely not interested in hodling for holding’s sake.
This stability may not last, in other words. It’s another matter whether that provides the kind of stress test that bitcoin needs to prove itself as a reserve asset.
Stress ball image via Shutterstock
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
#crypto #cryptocurrency #btc #xrp #litecoin #altcoin #money #currency #finance #news #alts #hodl #coindesk #cointelegraph #dollar #bitcoin View the website
New Post has been published here https://is.gd/IYmEWS
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newssplashy · 6 years
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Saudi Arabia has shortened the length of time that its state owned energy company, Saudi Aramco, will have guaranteed access to the kingdom's oil and gas reserves, as part of a power struggle between the company and the state.
Saudi Arabia's state-owned oil company, Aramco, has had its access to the kingdom's oil and gas reserves limited to a 40 year contract.
Limiting the once evergreen contract was to prepare the company for opening it to foreign investors and formalize its relationship with the state.
The new contract was "one of several important steps undertaken to prepare Saudi Aramco for being listed," the Saudi energy ministry told the Financial Times.
Saudi Arabia has shortened the length of time that its state owned energy company, Saudi Aramco, will have guaranteed access to the kingdom's oil and gas reserves, as part of preparations for the eventual public listing of Aramco.
The new concession agreement between Aramco and the Saudi Arabian government now places a 40 year limit on the firm's access to the the kingdom’s oil and gas reserves, where before it had rights in-perpetuity, the Financial Times reported.
But Saudi Aramco will still have the opportunity to renew before the 40 year contract expires.
Three people who had been briefed on the matter told the FT the change was in preparation for the stock market flotation and privatization of the company. Aramco's flotation was initially scheduled to take place this year, but has now been indefinitely delayed.
Khalid al-Falih, Saudi energy minister and chairman of Saudi Aramco has said there is commitment to listing the company, but despite his comments there are indications that the country is unwilling or unable to currently do so.
The new contract was "one of several important steps undertaken to prepare Saudi Aramco for being listed," the Saudi energy ministry told the FT, adding the government was committed to "proceeding with the IPO, when conditions are optimum, at a time of its choosing."
The legal change to the contract was designed to move Aramco towards a formal relationship with the state, before opening the firm up to possible foreign investors, the three sources said.
Following a delay in plans to open the company up to outside investors, the sources said that the move to limit the contract had been a waste of time and means ministerial control of Saudi Aramco has grown, as the company fought against limits to oil and gas access that it once held indefinitely.
The government originally argued for an even shorter contract of 20 years, more in-step with international oil companies, but it was decided this would have consequences for declared energy reserves, long term plans and the valuation of Aramco.
But 40 year contract is longer than most oil companies are able to obtain, and with Aramco still key to Saudi Arabia’s economy there is currently no indication that it wouldn't be renewed towards the end of the concession.
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newssplashy · 6 years
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Finance: 3 of the world's most important central bankers are skipping this year's 'summer camp for economists' in Jackson Hole
The European Central Bank (ECB) chairman Mario Draghi and the Bank of Japan (BOJ) governor, Haruhiko Kuroda’s are both missing from the list of attendees at this year's annual central bankers meeting on monetary policy at Jackson Hole in the United States.
Mark Carney, Mario Draghi and Haruhiko Kuroda are all missing from the list of attendees at this years central banker meeting at the remote mountain resort of Jackson Hole.
The news comes alongside confirmation that none of the ECB’s executive board members will make the trip to the annual central bankers meeting headed by the US Federal Reserve Chairman Jerome Powell.
ECB president Mario Draghi, Bank of England Governor Mark Carney, and the Bank of Japan's Haruhiko Kuroda are all missing from the list of attendees at this year's annual central bankers meeting on monetary policy at Jackson Hole in the United States.
News of Draghi’s absence comes alongside confirmation that none of the ECB’s executive board members will make the trip to Kansas City Fed’s annual retreat for central bankers at the remote mountain resort in Wyoming, Bloomberg reported.
An ECB spokesperson told Business Insider that there was "no particular reason" for their absence.
The Bank of England will be represented at the conference by chief economist Andy Haldane.
This years meeting will be led for the first time by new Federal Reserve Chair Jerome Powell, and will focus on the "Changing Market Structure and Implications for Monetary Policy." The event allows the world's monetary policymakers to meet behind closed doors and discuss the big issues of the day away from the glare of politicians, the public and the media.
This meeting will be held against a backdrop of a strong US and, broadly speaking, global economy, concerns over the trade dispute between Beijing and Washington, and the ongoing crisis in Turkey.
Tensions are also running high between US President Donald Trump and the Fed after frequent criticisms of its interest rate hikes, while another rate hike is expected to be confirmed at Jackson Hole.
Trump has directed anger at the Fed for raising interest rates as the US economy has picked up.
In July he tweeted: "The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates - Really?"
On Friday, Powell will deliver the set piece speech of the conference which will be a focus for investors as they listen for confirmation of another interest rate increase.
"The Jackson Hole summer camp for economists begins today," Paul Donovan, chief economist at UBS' wealth management arm said in his daily email.
"Fed Chair Powell is of course a lawyer, not an economist – which raises the question of whether a lawyer should attend a summer camp for economists.
"Powell's speech will probably have been written by someone with an economics degree, so that will make it worth listening to."
Minutes released from the Fed's last meeting on Wednesday showed that despite objections from the president, it is on course to increase rates in September.
source http://www.newssplashy.com/2018/08/finance-3-of-worlds-most-important_24.html
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newssplashy · 6 years
Link
The European Central Bank (ECB) chairman Mario Draghi and the Bank of Japan (BOJ) governor, Haruhiko Kuroda’s are both missing from the list of attendees at this year's annual central bankers meeting on monetary policy at Jackson Hole in the United States.
Mark Carney, Mario Draghi and Haruhiko Kuroda are all missing from the list of attendees at this years central banker meeting at the remote mountain resort of Jackson Hole.
The news comes alongside confirmation that none of the ECB’s executive board members will make the trip to the annual central bankers meeting headed by the US Federal Reserve Chairman Jerome Powell.
ECB president Mario Draghi, Bank of England Governor Mark Carney, and the Bank of Japan's Haruhiko Kuroda are all missing from the list of attendees at this year's annual central bankers meeting on monetary policy at Jackson Hole in the United States.
News of Draghi’s absence comes alongside confirmation that none of the ECB’s executive board members will make the trip to Kansas City Fed’s annual retreat for central bankers at the remote mountain resort in Wyoming, Bloomberg reported.
An ECB spokesperson told Business Insider that there was "no particular reason" for their absence.
The Bank of England will be represented at the conference by chief economist Andy Haldane.
This years meeting will be led for the first time by new Federal Reserve Chair Jerome Powell, and will focus on the "Changing Market Structure and Implications for Monetary Policy." The event allows the world's monetary policymakers to meet behind closed doors and discuss the big issues of the day away from the glare of politicians, the public and the media.
This meeting will be held against a backdrop of a strong US and, broadly speaking, global economy, concerns over the trade dispute between Beijing and Washington, and the ongoing crisis in Turkey.
Tensions are also running high between US President Donald Trump and the Fed after frequent criticisms of its interest rate hikes, while another rate hike is expected to be confirmed at Jackson Hole.
Trump has directed anger at the Fed for raising interest rates as the US economy has picked up.
In July he tweeted: "The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates - Really?"
On Friday, Powell will deliver the set piece speech of the conference which will be a focus for investors as they listen for confirmation of another interest rate increase.
"The Jackson Hole summer camp for economists begins today," Paul Donovan, chief economist at UBS' wealth management arm said in his daily email.
"Fed Chair Powell is of course a lawyer, not an economist – which raises the question of whether a lawyer should attend a summer camp for economists.
"Powell's speech will probably have been written by someone with an economics degree, so that will make it worth listening to."
Minutes released from the Fed's last meeting on Wednesday showed that despite objections from the president, it is on course to increase rates in September.
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