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Juneteenth: Trump changes Tulsa Oklahoma rally date ‘out of respect’

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U.S. President Donald Trump speaks at a campaign rally in Charlotte, North Carolina, U.S., March 2, 2020Image copyright Reuters
Image caption President Trump last held a campaign rally in early March

US President Donald Trump is postponing his first post-coronavirus lockdown election rally in Tulsa, Oklahoma so it does not fall on a holiday commemorating the end of US slavery.

He tweeted that the 19 June rally would be held a day later out of respect for the occasion, known as Juneteenth.

The choice of date had drawn criticism amid nationwide anti-racism protests.

The location was also controversial, as Tulsa saw one of the worst massacres of black people in US history in 1921.

Up to 300 people died when a white mob attacked the prosperous black neighbourhood of Greenwood, known as the “Black Wall Street”, with guns and explosives. About 1,000 businesses and homes were also destroyed.

Why is Juneteenth significant?

Juneteenth is not a federal holiday, but is widely celebrated by African Americans.

It celebrates the reading of the Emancipation Proclamation to enslaved African Americans in Texas.

Texas was the last state of the Confederacy – the slaveholding southern states that seceded, triggering the Civil War – to receive the proclamation, on 19 June 1865, months after the end of the war.

President Trump initially defended the timing of his rally, telling Fox News: “Think about it as a celebration. My rally is a celebration. In the history of politics, I think I can say there’s never been any group or any person that’s had rallies like I do.”

But critics accused him of disrespecting the date and the significance of Tulsa to US history.

“This isn’t just a wink to white supremacists – he’s throwing them a welcome home party,” said Democratic Senator Kamala Harris.

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Media captionRacism in the US: Is there a single step that can bring equality?

Explaining the decision to move his rally, Mr Trump tweeted: “Many of my African American friends and supporters have reached out to suggest that we consider changing the date out of respect for this Holiday, and in observance of this important occasion and all that it represents. I have therefore decided to move our rally to Saturday, June 20th, in order to honor their requests…”

Why is Trump holding a rally?

The “Make America Great Again” rally in Tulsa will be the president’s first campaign event since 2 March, when the coronavirus pandemic put a halt to mass gatherings.

Mr Trump is seeking re-election in November 2020, but polls show him lagging behind his Democratic rival, Joe Biden.

Campaign rallies are seen as a key method of energising his base, and Oklahoma is traditionally a Republican-voting state.

The event will proceed against a backdrop of ongoing protests against racial inequality and police brutality, triggered by the death of African American man George Floyd on 25 May. Mr Floyd, who was unarmed, died in police custody in Minneapolis, Minnesota after a policeman knelt on his neck for almost nine minutes.

The rally is being held in a 19,000-seat indoor arena, and concerns have been raised about the potential risks.

The US has the world’s highest official death toll from coronavirus. More than 114,600 people have died there with the virus, according to data from Johns Hopkins University, and there have been more than two million confirmed infections.

Oklahoma has one of the country’s lowest infection rates, and businesses are reopening – but the state’s Governor Kevin Stitt has urged residents to keep social distancing and to “minimise time spent in crowded environments”.

People buying tickets for the Tulsa rally online have to click on a waiver confirming that they “voluntarily assume all risks related to exposure to Covid-19” and will not hold the president’s campaign responsible for “any illness or injury”.

Correspondents say that while the virus remains a threat, Mr Trump’s campaign considers that large crowds at the recent protests will make it harder for his opponents to criticise his rallies.

The president has said he plans to hold further events in Florida, Texas, North Carolina and Arizona.

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Media captionWhat Trump voters think of his handling of the virus outbreak

Trump may face trouble for stance on US race relations

Is Donald Trump’s re-election bid in peril?

Polls indicate that the president is trailing Joe Biden – by double digits in some surveys. A recent Economist magazine analysis gives Biden a five in six chance of winning by an electoral margin reminiscent of Barack Obama’s comfortable win in 2008.

Trump is running with the same strategy as in 2016, but his struggles suggest that this year the national mood may be different. The American public, grappling with more than 100,000 deaths from the coronavirus pandemic, a resulting economic slump and now nationwide protests about racial injustice and policing, may have no stomach for further confrontation. The president’s bellicosity and bravado, which has served him in the past, at times seems out of step with a public that wants empathy, healing and reconciliation.

The president is touting “law and order” at a time when public opinion has dramatically shifted in favour of the Black Lives Matter movement and toward the belief that racial and ethnic discrimination is a real problem that will be a priority when voting in November.

Read more from Anthony here

Source: https://www.bbc.co.uk/news/world-us-canada-53032664

Fintech

Accept.inc secures $90M in debt and equity to scale its digital mortgage lending platform

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A lot of startups were built to help people make all-cash offers on homes with the purpose of gaining an edge against other buyers, especially in ultra-competitive markets. 

Accepti.inc is a Denver-based company that is attempting to create a new category in real estate technology. To help scale its digital mortgage lending platform, the company announced today that it has secured $90 million in debt and equity – with $78 million in debt and $12 million in equity. Signal Fire led the equity portion of its financing, which also included participation from existing seed investors Y Combinator and DN Capital.

Accept.inc describes itself as an iLender, or a “technology-enabled lender” that gives people a way to submit all-cash offers on a home upon qualifying for a mortgage.

Using its platform, a buyer gets qualified first and then can start looking for homes that fall at or under the amount he or she is approved for. They can purchase a more expensive home, but any amount above what they are approved for would have to come out of pocket. Historically, most buyers don’t know that they will have to pay out of pocket until they’ve made an offer on a specific home and an appraisal comes under the amount of the price they are paying for a home. In those cases, the buyer has to cough up the difference out of pocket. With Accept.inc., its execs tout, buyers know upfront how much they are approved for and can spend on a new home “so there are no surprises later.”

SignalFire Founding Partner and CTO Ilya Kirnos describes Accept.inc as “the first and only iLender.”

He points out that since it is a lender, Accept.inc doesn’t make its money by charging buyers fees like some others in the all-cash offer space.

“Unlike ‘iBuyers’ or ‘alternative iBuyers,’ Accept.inc fronts the cash to buy a house and then makes money off mortgage origination and title, meaning sellers, homebuyers and their agents pay no additional cost for the service,” he told TechCrunch.

IBuyers instead buy homes from sellers who signed up online, make a profit by often fixing up and selling those homes and then helping people purchase a different home with all cash. They also make money by charging transaction fees. A slew of companies operate in the space including established players such as Opendoor and Zillow and newer players such as Homelight.

Image credit: Accept.inc. Left to right: Co-founders Adam Pollack, Nick Friedman and Ian Perrex.

Since its 2016 inception, Accept.inc says it has helped thousands of buyers, agents and sellers close on “hundreds of millions of dollars” in homes. The company saw ”14x” growth in 2020 and from June 2020 to June 2021, it achieved “10x” growth in terms of the size of its team and number of transactions and revenue, according to CEO and co-founder Adam Pollack. Accept.inc wants to use its new capital to build on that momentum and meet demand.

Pollack and Nick Friedman met while in college and started building Accept.inc with the goal of “turning every offer into a cash offer.” The pair essentially “failed for two years,” half-jokes Pollack.

“We basically became an encyclopedia of 1,000 ways the idea of helping people make all-cash offers wouldn’t work,” he said.

The team went through Y Combinator in the winter of 2019 and that’s when they created the iLender concept. In the iLender model, the company uses its cash to buy a house for buyers. Once the loan with Accept.inc is ready to close, the company sells back the house to the buyer “at no additional cost or fees.”

“Basically what we learned through those two years is that you have to vertically integrate all of your core competencies, and you can’t rely on third parties to own or manage your special sauce for you,” Pollack told TechCrunch. “We also realized that if you’re going to build a cash offer for anyone who could afford a mortgage, you’ve got to make it a full bona fide cash offer that closes in three days as opposed to a better version of what existed. And you have to own that, and take the risk that comes with it and be comfortable with that.”

The benefits of their model, the pair say, is that buyers get to be cash buyers, sellers can close in as little as 32 hours, and agents “get a guaranteed commission check.” 

“Our mission is that everyone should have an equal chance at homeownership,” Friedman said. “We not only want to level the playing field, we want to create a new standard.”

Buyers using Accept.inc win 6-7 times more frequently, the company claims. With its new capital, It also plans to double its team of 90 and enter new markets outside of its home base of Denver.

SignalFire Partner Chris Scoggins believes that Accept.inc is different from other lenders in that its focus is on “winning the home, not just servicing the loan, with a business model that’s 10x more capital-efficient than other players in the market.

The team is driven…to level the playing field for homebuyers who today lose out against all-cash offers from home-flippers and wealthy individuals,” he added. “We see an enormous opportunity for Accept.inc to become the backbone of the future of mortgage lending.”

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Source: https://techcrunch.com/2021/06/24/accept-inc-secures-90m-in-debt-equity/

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Apple’s AirPods Max fall to a new all-time low of $489 at Amazon

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All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

With good looks, quality construction and great natural sound, Apple’s AirPods Max headphones tick all the right boxes, but they’re mighty expensive at $550. However, you can now pick up a pair from Amazon at $490, the lowest price we’ve seen yet. That’s still not inexpensive by any means, but it’s a substantial savings on high-end headphones that only came out seven months ago. 

Buy Apple AirPods Max (pink) at Amazon – $490 Buy Apple AirPods Max (sky blue) at Amazon – $489 Buy Apple AirPods Max (space gray) at Amazon – $489

With an Engadget review score of 84, the AirPods Max earned a spot in our list of the best headphones you can buy. They look and feel great thanks to the aluminum and metal design, breathable mesh fabric and large earcups. A rotating crown and dedicated button let you switch between ANC and and regular modes, and it’s easy to switch seamlessly between iPhones, Macs and iPads. They offer hands-free capability with Siri, and you can go for up to 20 hours between charges with both ANC and spatial sound enabled.  

AirPods Max offer a more natural sound experience than other headphones, with bass that’s not overcooked. Active noise cancellation quality is right up there, though not quite on par with Sony’s WH-1000XM4 ANC headphones. And they support Apple’s Dolby Atmos-powered spatial audio on iPhones, iPads and Macs right now, and will come to Apple TV this fall. The main drawback is that they won’t stream Apple’s new lossless audio. 

Still, they deliver in nearly every other area and are especially useful for folks with Apple devices. $60 is a substantial discount for an Apple product this new, so if you’re interested, it would be best to act soon. 

Follow @EngadgetDeals on Twitter for the latest tech deals and buying advice.

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Source: https://www.engadget.com/apple-airpods-max-good-deal-amazon-124026253.html?src=rss_b2c

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SA agritech releases AI-enabled OmnioFarm to modernise African poultry farming

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The founders of South African cryptocurrency investment platform Africrypt have disappeared along with $3.6 billion (R51.4 billion) worth of Bitcoin, according to a report….

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Source: https://ventureburn.com/2021/06/sa-agritech-releases-ai-enabled-omniofarm-to-modernise-african-poultry-farming/

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Fintech

Visa to acquire open banking platform Tink for more than $2 billion

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Visa has announced plans to acquire Tink for €1.8 billion, or $2.15 billion at today’s exchange rate. Tink has been a leading fintech startup in Europe focused on open banking application programming interface (API).

Today’s move comes a few months after Visa abandoned its acquisition of Plaid, another popular open banking startup. Originally, Visa planned to spend $5.3 billion to acquire the American startup. But the company had to call off the acquisition after running into a regulatory wall.

Tink offers a single API so that customers can connect to bank accounts from their own apps and services. For instance, you can leverage Tink’s API to access account statements, initiate payments, fetch banking information and refresh this data regularly.

While banks and financial institutions now all have to offer open banking interfaces due to EU’s Payment Services Directive PSD2, there’s no single standard. Tink integrates with 3,400 banks and financial institutions.

App developers can use the same API call to interact with bank accounts across various financial institutions. As you may have guessed, it greatly simplifies the adoption of open banking features.

300 banks and fintech startups use Tink’s API to access third-party bank information — clients include PayPal, BNP Paribas, American Express and Lydia. Overall, Tink covers 250 million bank customers across Europe.

Based in Stockholm, Sweden, Tink operations should continue as usual after the acquisition. Visa plans to retain the brand and management team.

According to Crunchbase data, Tink has raised over $300 million from Dawn Capital, Eurazeo, HMI Capital, Insight Partners, PayPal Ventures, Creades, Heartcore Capital and others.

“For the past ten years we have worked relentlessly to build Tink into a leading open banking platform in Europe, and we are incredibly proud of what the whole team at Tink has created together,” Tink co-founder and CEO Daniel Kjellén said in a statement. “We have built something incredible and at the same time we have only scratched the surface.”

“Joining Visa, we will be able to move faster and reach further than ever before. Visa is the perfect partner for the next stage of Tink’s journey, and we are incredibly excited about what this will bring to our employees, customers and for the future of financial services.”

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Source: https://techcrunch.com/2021/06/24/visa-to-acquire-open-banking-platform-tink-for-more-than-2-billion/

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