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The EU Commission seeks to ban cash: A cashless democratic sham? – The World Reporter
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Cashless economy demonetization india

Belgium, Denmark, France, Canada, the UK, Sweden and many other countries from the Eurozone and Western world are amongst the most prominent countries to move away from cash, namely due to the large availability of other types of payment. And yet, the EU Commission continues to push towards even less cash and fantasizes on killing it completely off. Why the obstinacy? Is cash giving governmental agencies an itch because it escapes their control?

In the Netherlands, 85% of transactions are cashless: transfers, debit, e-payment, etc. take the cake. It doesn’t result from a ban on cash, but a country where 98% of citizens have debit cards is bound to take it easy on currency. In Sweden, cashless transactions amount to even more. The cashless world champion is Belgium, where only 7% of transactions are carried out in cash. Cashless-support Robert Colville recently published (1) an OpEd in which he wrote: “it’s about not just cash but credit cards themselves disappearing – about paying for whatever we like with the wave of a phone or the blink of a biometrically-verified eye. That future is coming sooner than we think”. As more options opened up to the public to make their payments, the more digitally developed populations slowly adopted them, reducing gradually the use of cash. Much to their government’s delight.

India violently pushed the envelope in the end of 2016, when the Prime Minister announced overnight that almost all banknotes would be null and void within a few weeks. The BBC announced (2): “In an unscheduled televised address on 8 November Prime Minister Narendra Modi gave the nation just four hours notice that 500 ($7.30; £6) and 1,000 rupee notes would no longer be legal tender. People were told they could deposit or change their old notes in banks until 30 December and new 500 and 2,000 rupee notes would be issued.”. This set off an earthquake in a country where a large share of the population has no debit card, cell phone or even access to a nearby bank.

The Indian PM announced the move was intended to fight corruption, crime, terrorism, as well as to modernize the country. However, the reason simpler, yet more complex. The Indian government, like just about any other government in the world, is trying to force its citizens under more of its control. From a governmental point of view, complete control means more taxation earnings, more powerful means to tackle crime, and better population control.

National governments, international governmental bodies and interstate agencies all want to kill cash, so as to close the loop on their control over populations. Because cash is the only true peer-to-peer payment vector, killing cash means a citizen has nowhere to hide from governmental control. This explains why, as the cash-killing pressure grows from governments, alternate currencies such as bitcoins continue to develop: citizens who see governmental hyper-power as a threat to their liberties move to the only place where they can be left alone. Bitcoin News published a 1999 interview (3) of economist Milton Friedman, broaching the question of civil liberties: “The Internet is going to be one of the major forces for reducing the role of government. The one thing that is missing, but will soon be developed, is a reliable e-cash: a method by which on the Internet you can transfer funds from an A to B without A knowing B or B knowing A. The way in which I can take a $20 and hand it over to you and there is no record of where it came from”.  Many people today see crypto-currency not as a way to commit crimes, but as a way to fight back on government control.

In all parts of the world, states struggle to acquire more control. Many Asian, South American and African states, sometimes dubbed “failed states” by the West, have very limited or non-existent control over their citizens and territory. Greece has no cadaster, many African countries have no civil registries, and almost half the world has only an approximate idea of the size of their own population. But in the West, a State knows each of its citizens and residents by name, where they live, where they work, what they drive, the names of their children, the size of their house, etc. To that existing data repository, States can add potential data: data which can be easily accessed through online investigation: whom they call (with phone registers), whom they do business with (with banking registers), where they go (cell phone tracking), etc.

But cash eludes their control, because it doesn’t rely on banks or any other intermediary. Killing cash will be the ultimate step of state control. Payment-method specialized website LTP reports (4): “Increasingly, government agencies are also feeling the need to shift to modern payment processing tools and techniques and leave the traditional formats behind. A number of companies are fulfilling the government’s needs through their payment rails”.

Public entities claim to be fighting cash, in order to better protect their citizens, but there is far more to it.  If the advantages and disadvantages of cash are weighed from a citizen’s point of view, maintaining the existence of cash is obviously preferable: while other types of payment can be practical according to circumstances, why deprive oneself of an option which we use every day? But that same balance from a state’s or superstate’s perspective is very different. Be it fiscal agencies, or law enforcement, or cyber-surveillance, governmental bodies yearn to reign every citizen in the world -not just their own – into the electronic world, where national borders no longer exist and civil rights to privacy can be easily and discretely hacked into. They will apply to the 0.01 % of people who use cash for criminal and terrorist activities, and for the 99.99% of law-abiding citizens who don’t.

1) http://www.telegraph.co.uk/news/2016/04/19/cash-is-dying-and-wont-be-missed/

2) http://www.bbc.com/news/world-asia-india-37983834

3) https://news.bitcoin.com/bitcoin-bill-rights/

4) https://letstalkpayments.com/payment-processing-companies-serving-the-government/

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Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

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Employee training

There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
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Top 10 Simple Health Changes To Boost Your Well-Being

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It does not matter how old you are, where you live, or what your occupation is, your health should always be a top priority. However, most of us are a little bit guilty of letting our well-being slide from time to time. With that being said, read on to discover some of the simple ways you can give your health a boost today.

  1. Get rid of at least one item in your life that contains toxic chemicals – You may be shocked by just how many items in your life contain toxic chemicals. This includes everything from air fresheners to bed sheets. Get rid of one of these items and replace it with something natural instead. This is something you should make a habit to do every few months or so. You will be surprised by just how much of a difference this can make. 
  2. Deep breathe for at least five minutes – Throughout the day, you should make sure you take the opportunity to deep breathe for at least five minutes. Why? Well, there have been numerous studies that have shown that deep breathing can help to lower stress hormone levels. This means that you will feel better, get an improved night’s sleep, and you will have less anxiety too.
  3. Drink more water – You probably expected this to be on the list, but the importance of drinking more water should never be ignored. Your body needs water for almost every function. If you are dehydrated, this could be the cause of headaches, pains, aches, and a number of other symptoms.
  4. Have one veggie night per week – A lot of people eat far too much meat, red meat especially. So, why not have a veggie night once a week? Not only is this good for your health, but it will be good for your bank balance too. There are so many great recipes online that can give you ideas regarding tasty and creative dishes that do not incorporate any sort of meat or fish. Once you start off with one night per week, you may then decide that you want to up it to two nights, and so on. However, it always helps to start off small so that it is easier and more manageable, and you can then get used to it.
  5. Sign up for an online pharmacy – Nowadays, you can easily order your prescriptions and medications over the Internet via an online pharmacy. This can help you to boost your health because it ensures you never experience delays with your medication. If you are someone who often doesn’t take their recommended course of tablets because you cannot get to the doctors in time for a repeat prescription, then this is definitely a good suggestion for you. Your medication will be delivered to your door with a click of a button.
  6. Make a dedicated effort to lower your stress levels – There is no denying that we live in a very stress-filled world at the moment! The world we live in is one that has heaps of pressure, and it can be difficult to stay on top of everything and keep those stress levels low. However, it is vital that you find a way to do so. After all, if you don’t adrenal fatigue and health can start to take a tumble, which is the last thing you want. For those who are unaware, adrenal fatigue relates to a group of different symptoms that impact people who are under a lot of physical, emotional, or mental stress. From being a single parent to having a stressful job, there are a lot of different reasons why you may be struggling. Therefore, we recommend that you look for different ways to reduce those stress levels so that you can enjoy a more calming and peaceful life. Whether it is doing some breathing techniques or taking more regular breaks so you can have moments for yourself, there are a lot of different ways that you can make sure you are keeping your stress levels to a minimum. The importance of this should not be overlooked, as stress can impact our mental and physical health in so many different ways. 
  7. Do something nice for someone every day – You will be surprised by how good this makes you feel, and by how much this has a positive impact on your health. It’s all about mental well being. When you do something nice for another person, you are benefitting their health, as well as your own. First and foremost, there is no denying that it feels good to hear some nice words for someone or to get a helping hand when you need it. You feel recognised and appreciated, and this is something we all need. At the same time, doing something nice for someone else and seeing their reaction can make you feel amazing too. After all, doing something good for someone is a gift for yourself at the same time. You will find that the deed continues throughout the day, making you feel great and happy within yourself. 
  8. Incorporate some movement into your commute – If you do not have an active job, this is particularly important. Sitting at a computer all day can be bad for your health. One way to combat this is by incorporating some movement into your commute. If you can walk or bike to work, you should give this a go. If not, start parking your car further away from your place of work so that you have to walk there and back. You should also start using the stairs instead of the elevator whenever you can.
  9. Start meal planning – You will find it much easier to eat healthily if you plan your meals. At the start of every week, make a menu of what you are going to cook for dinner every evening, as well as what you are going to make for your lunches every day. Not only will this help you to eat better, but you will save money too. Make sure you incorporate some healthy snacks into your food prep for work. This will stop you from going to the vending machine whenever you are bored or your energy is zapped. The great thing about the times we live in at the moment is that you can easily get recipes and meal prep inspiration online. So, if you are struggling, simply do a little bit of digging online and we are sure that you will find a lot of different options when it comes to meal ideas and clever food prep suggestions for the week ahead. Not only is this going to help you to be more organized, but you will find that it actually saves you quite a bit of money in the process. After all, when we do not have a food plan for the week ahead, we tend to spend a lot of money on items we do not need. Food can end up going in the bin because we do not use it. This ends up in an awful lot of waste, and we should all be looking to reduce this, so meal prep is great in many ways.
  10. Keep a journal – Last but not least, keeping a journal is good for a person’s mental health. You should write down your thoughts. It doesn’t need to be a long entry; you can simply jot down a few bullet points every evening. This will help you to articulate your thoughts so that they do not wear you down. After all, it can be very difficult to sleep if you have lots on your mind. A lot of experts advise this approach for people who suffer from insomnia. One of the main reasons why a lot of people struggle to get the hours of sleep they need is because they cannot shut off when they go to sleep; their minds are still going at a million miles per hour. They are thinking about what they need to do the following day and any worries or concerns that they may have. Because of this, it very much makes sense to keep a journal so you can offload some of these thoughts and worries and you can have a much more restful night of sleep. Once you get into the habit of doing this, you will see that it actually does make a significant difference when it comes to drifting off and enjoying a good night of rest. 

So there you have it: some of the best ways to give your health a boost. The suggestions that have been provided are really simple and easy, so there is no excuse not to give yourself a bit of TLC. we are sure that you will start to notice a difference as time goes on. However, as is the case with anything, it requires patience and persistence. You cannot expect to turn your health around in one night.

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Why Buy A Business, Rather Than Start One

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There are good and bad sides to buying a business and starting your own business from scratch. For lots of people, the positives of buying an established business outweigh the positives of starting a business. Here are the reasons why buying an existing business could be the right choice.

Easier To Secure Finance

All businesses will need finance. Unless you can fund your business yourself, you’ll need to secure financing from investors. Most lenders will be more willing to lend money to an established business that they can already see is doing well, rather than risk an unknown factor. 

Income From Day One

One of the downsides of starting a business is that most start-ups will go through an early stage where they don’t make much, if any, money. For some entrepreneurs, this stage can last for several years. 

During this stage, you will need to pay out for things like your premises, as well as equipment, installation of equipment, stock, materials, fixtures and fittings, legal and professional fees, a license, uniforms, and more. 

If you don’t have finance in place or another form of income, this stage can be very tough for a new business owner. If you buy a business, you can start earning from day one, and avoid this tricky period where you might be out of pocket.  

Established Brand

When you buy a business that already exists, you are also buying into a brand that is already known, recognizable, and has a track record. You get the business complete with all the trademarks, copyrights, and websites associated with it, as well as the business locations

This means that your business will already have customers, lenders, suppliers, and other contacts that are confident in the business already. 

Instant Customer Access

An existing business also has customers already, which can help you succeed straight away. You can use a range of strategies and marketing to build on the existing customer base, but won’t have to struggle to build a customer base from scratch. 

Established Network Of Contacts

When you start a business from scratch, a lot of your time and energy has to be put into building up a network of contacts. 

All businesses need to have supplier and marketing contacts, so buying an existing business that already has those contacts in place allows you to hit the ground running.

Like money lenders, suppliers and marketing companies are more likely to offer you more favourable terms if your business has been around for a while and they know it.  

Focus On Growing The Business

When an entrepreneur starts a new business, they will have to put a lot of their energy into getting their business off the ground. This takes a lot of time and can be very tiring. 

On the other hand, when you take over a business that is already established, you’ll be freer to focus on the areas of the business that most need your attention, aiding the growth of the business as a whole. 

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