The Iowa Senate has unanimously approved a bill that would require run-off elections in August when a candidate fails to win 35 percent of the votes in a primary election in June.Under current state law, a political party stages a convention to select a nominee if none of the candidates in a primary clear 35 percent. Senator Tod Bowman, a Democrat from Maqueketa who is a high school government teacher, said the system is hard to explain to his students.“Remedy this little select group of coming and maybe selecting ‘their horse’ rather than what the people want,” Bowman said.Back in 2014, State Senator Brad of Urbandale finished first in a Republican primary for a seat in congress, but since he won just 25 percent support, a nominating convention was held — and the 1,300 GOP convention delegates picked someone else.“You know I have people that come to me on a daily basis that tell me: ‘Zaun, you got the short end of the stick,’”: Zaun said. “…We don’t want this to happen again. This lets the will of the people speak.”Zaun is the lead sponsor of the bill.“I don’t want the message to be that Brad Zaun is a sore loser because that is not the case because the good Lord had a different plan for me and that’s to be in the Iowa Senate and certainly I’m very happy I’m here,” Zaun said today. “I’m very happy I’m not in Washington, D.C.”Senator Tony Bisignano, a Democrat from Des Moines, says Zaun’s second place finish at that 2014 nominating convention did not reflect the “will of the people.”“What happened epitomizes why people distrust politics and it makes them very cynical because you could watch it online, what was happening and all of the cajoling and so forth and the number five place jumps into the number one place,” Bisignano said.That person is now Congressman David Young. Senator Herman Quirmbach, a Democrat from Ames, notes Republican Steve King also got his first nomination to congress back in 2002 from a convention, too.“So clearly the current system is broken and anything that prevent that kind of disaster from happening again is a welcome development,” Quirmbach said.If Zaun’s bill becomes law, the required run-off elections after indecisive primaries would be held in races for county, state and federal offices.Share this:FacebookTwitter
Apple TV 4K is already a pretty capable streaming box, but later this year, it’s going to get better. At WWDC 2018 today, Apple announced that Apple TV 4K will soon be getting some much-loved Dolby technology in the form of Dolby Atmos. When combined with Apple TV 4K’s support for 4K HDR content, Dolby Atmos should turn this into one impressive streaming device. For the uninitiated, Dolby’s take on surround sound with Atmos is something that’s sure to get home theater fanatics excited. The technology manages to provide immersive 360-degree surround sound, and with Apple TV 4K, you won’t need a lot of hardware to achieve such a set up. In fact, Apple says that the only thing you’ll need is the Apple TV itself and a Dolby Atmos sound bar.That’s pretty simple when compared to your typical home theater, which makes this announcement all the more exciting. With this announcement, Apple TV 4K becomes the only streaming box that is both Dolby Vision and Atmos certified, so if you like what Dolby is selling, that makes the choice of streaming device pretty clear cut.Later this year, iTunes will begin rolling out Dolby Atmos support for the content it carries. Apple said that any content you own will receive a free update to add Dolby Atmos functionality, assuming that content supports Dolby Atmos in the first place. This upgrade offer is similar to the one Apple launched when it first started rolling out 4K content on the iTunes Store, and we’re sure people who have vast content libraries through iTunes will be happy to hear it.AdChoices广告For now, that’s all the information we have on Apple TV 4K’s Dolby Atmos support. We’ll undoubtedly hear more as we get closer to fall, so stay tuned for that. In the meantime, be sure to check out all of our coverage from WWDC 2018, and keep it here for more from the keynote.
Cryptocurrencies are both investment opportunities and new financial instruments of increasing importance to investors and business owners. 5 Types of Cryptocurrency Entrepreneurs Should Know About Founder of crypto site Blocklr & Growth Nuts, an organic growth co. Scott McGovern You can classify every digital currency in existence as one of these five types of cryptocurrency. These distinctions are of the utmost importance for cryptocurrency investors because they determine what exactly you’re investing in, and who can invest in the first place. From coins to tokens, stablecoins to utility and security tokens, here are the main types of cryptocurrency you need to know about.Coins vs TokensThe biggest distinction in cryptocurrency is between coins vs tokens. Every cryptocurrency has to be one or the other. Here’s what differentiates coins from tokens: Coins have their own blockchain. Tokens do not. Most of the big name cryptocurrencies — Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) — are coins. The most important thing to remember about coins is that they have their own blockchain, meaning a decentralized, peer-to-peer network that records transactions on a digital ledger.By contrast, a token does not have its own blockchain. The Ethereum blockchain is the most popular platform for token creation, though you can theoretically create a token on any blockchain. 0x (ZRX), Maker (MKR) and Basic Attention Token (BAT) are examples of ERC-20 tokens, meaning a specific type of Ethereum-based token. In other words, their protocol exists ‘on top of’ the Ethereum blockchain.Related: 5 Benefits of Online Peer-to-peer Lending That You Didn’t KnowCoins function as currency. Tokens represent access to a product or ‘stock.’Since coins have their own blockchains, it makes sense that they serve as currency, a means of exchange, within that network. This is why Bitcoin is called digital gold and Ripple is lauded for its fast transactions: Bitcoin is a store of value, like gold, and Ripple facilitates cross-border bank transactions. Furthermore, it’s easier to convert USD to a coin, rather than a token. Investing in a token usually requires exchanging USD for a coin first.The value of a token is a little more complicated. Tokens are typically released in ICO, which stands for Initial Coin Offering. ICOs are like IPOs for cryptocurrency, meaning that they give the investor access to tokenized services or products, or represent a stake in a cryptocurrency company. This is where tokens get a little confusing: Tokens fall under different SEC regulations depending on what they represent. You can separate tokens into two types of cryptocurrency that represent either a utility or a security.Related: 6 Cryptocurrencies You Should Know About (and None of Them Are Bitcoin)Utility Tokens vs Security TokensUnderstanding the distinction between these two types of cryptocurrency is paramount to investors, cryptocurrency companies and the government. In other words, the SEC has much stricter regulations for security tokens than it does for utility tokens because, as their name suggests, they’re considered to be digital securities.Most Tokens Are Utility Tokens.If you can buy or trade a token on a cryptocurrency exchange without being an accredited investor, then it’s a utility token. In broad terms, a utility token gives an investor access to a service or product. This can mean that a token can represent exclusive access, a discounted rate, or early access. When you hear about smart contracts and DApps, you should assume that a utility token is involved.Basic Attention Token (BAT) is a utility token that has received a lot of press. It’s a means of exchange for digital advertising attention, hence the name. Integrated with the browser Brave, BAT works in three ways:Users receive BAT for consenting to view ads.Content creators receive BAT when users view ads on their site.Advertisers buy ad space with BAT.BAT represents attention, not stock or currency, making it a utility token. This means that anyone can trade utility tokens on a cryptocurrency exchange.Related: Smart Contracts: Here Are the Practical Applications of This Exciting Blockchain Technology.Security tokens are securities that exist on the blockchain. Security Tokens are different. Like securities, security tokens represent part-ownership in a tradeable, real-world asset external to the blockchain. And because security tokens are regulated by the SEC like securities, you have to be an accredited investor to participate in STOs, meaning Security Token Offerings.The SEC decides whether something is a security token using the Howey Test. In simple terms, the Howey Test determines whether a cryptocurrency investment is ‘speculative’, meaning that the investor makes money based on the labor of a third party.Investing in security tokens is slightly more difficult. Investors must use a security token issuance platform, like Polymath or Swarm, to buy and trade tokenized securities. Unlike Coinbase or Binance, which are cryptocurrency exchanges that allow anyone to create an account, security token issuance platforms require their users to meet specific requirements. This typically means having your accredited investor status confirmed by a KYC provider. The platform will then create a customized profile that specifies how and how much each investor can trade.Related: Will the SEC Redefine Who Can Be an ‘Accredited Investor’?Converging Types of CryptocurrencyDistinctions between types of cryptocurrency can be obscure. Since companies have access to a much smaller investment pool with security tokens, some try to pass off their security tokens for utility tokens. There is also debate over whether tokens can represent currency, like coins, rather than access to a service. To make matters less clear, stablecoins are often technically ‘stabletokens’.What is a Stablecoin? Stablecoins are an increasingly popular type of cryptocurrency, especially in a Bitcoin bear market. This is because stablecoins are “pegged” to traditional assets like fiat (meaning government-backed currency like the US Dollar or Euro) or gold.For example, the theoretical exchange rate between a stablecoin pegged to the USD and the US Dollar itself is 1 to 1. In theory, the company behind a stablecoin has the same exact amount in assets, stored in bank accounts, as they do tokens.The advantage of stablecoins is that in a bear market, crypto investors can move their money from volatile cryptocurrency to stablecoins, a more ‘stable’ asset class in theory. This is instead of converting it back to USD, which can be a two-step process that incurs transaction fees. When a bull market returns, investors can convert their stablecoin back into other more volatile currencies at little to no cost.Historically, however, stablecoins have ‘broken their peg’ in both directions. For example, controversial stablecoin Tether (USDT) has been worth less than a dollar, and Gemini Coin (GUSD) has exceeded the value of a dollar. This highlights another feature of stablecoins: Most have “USD” in their name. But keep in mind that not all do. For example, Maker (MKR), another stablecoin, does not.Stablecoins Are Generally Tokens.Despite being called stablecoins, stablecoins are usually tokens, meaning that they don’t have their own blockchain. Maker (MKR) exists on the Ethereum blockchain. Tether (USDT) was built on the Bitcoin blockchain. Similarly, both these “tokens” function as “currency,” which is a characteristic of coins, not tokens. As we develop new applications for digital currencies, distinctions between types of cryptocurrency become increasingly blurred, which makes SEC regulation even more uncertain.Distinctions between types of cryptocurrency matter.Why should you care whether something is a coin or a token, a utility token or a security token? Though the world of digital currency appears new and unclear, every prospective investor should know the value of the crypto they’re considering and, above all, how current and future SEC regulation will affect it.Furthermore, the distinction between coins and tokens represents two potential forks in the evolution of cryptocurrency: cryptocurrency as tokenized securities and cryptocurrency as a payment method. Will crypto replace the stock market, the US Dollar or both? As it stands, both revolutionary applications of cryptocurrency are making headway. Contributor Image credit: Marc Bruxelle | Getty Images Next Article 7 min read Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Opinions expressed by Entrepreneur contributors are their own. Cryptocurrency Add to Queue Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. –shares December 21, 2018 Register Now »
Advertising Provost condemned the group as “inappropriate” after it was revealed, and Ocasio-Cortez described Customs and Border Protection as a “rogue agency.” The Democratic lawmaker last week told the House Oversight and Reform Committee that an agent tried to take a photograph of her while she toured a facility.Rep. Jerrold Nadler, D-N.Y. and the chairman of the House Judiciary Committee, described the Facebook posts as “racist and misogynist” during a Monday hearing on overcrowded Border Patrol facilities.“Not only did CBP leadership know about this group, it now appears that the chief of the Border Patrol herself was a member,” Nadler said in his opening remarks. “This is the context in which we must consider the horrific conditions in CBP facilities.”Talking with journalists on Monday, Klein declined to say if Provost was one of the 62 current employees identified as a member of the “10-15” group. In cases that were brought to the attention of internal watchdogs, “we did conduct an investigation,” Klein said. Tropical Storm Barry nears New Orleans, raising flood threat Post Comment(s) Advertising Advertising Explained: Kulbhushan Jadhav case file By New York Times |Washington | Published: July 16, 2019 9:25:54 am South Korea seeks US help in bitter trade spat with Japan At least 62 current federal border agents have joined private Facebook groups and other social media pages that included obscene images of Hispanic lawmakers and threats to members of Congress, internal investigators said Monday.In all, 70 current and former Customs and Border Protection employees were identified as members of the groups, officials from the agency’s Office of Professional Responsibility said.Investigators are examining inappropriate images, memes and comments in multiple Facebook groups, said Matthew Klein, a Customs and Border Protection assistant commissioner. Additional agents may be identified later, he said, as investigators continue to gather evidence. Karnataka: Supreme Court to rule today, says Speaker’s powers need relook NRC deadline approaching, families stranded in Assam floods stay home “To be clear, the expectations of professional conduct don’t end at the end of the shift,” Klein told journalists. “Those are our expectations of our employees.”Border Patrol officials will decide how to discipline current agents — which could mean losing their vacation days or losing their jobs — after they receive evidence from the internal investigators.Called “I’m 10-15” — a law enforcement code for unauthorized immigrants in custody — the first secret Facebook group was revealed two weeks ago by the investigative news site ProPublica as Rep. Alexandria Ocasio-Cortez of New York and other Democratic lawmakers toured overflowing Border Patrol facilities in Texas.The closed group included posts questioning whether a photograph of a dead migrant father and child was staged and depicting offensively doctored images of Ocasio-Cortez. Last week, The Intercept reported that Carla Provost, the Border Patrol’s chief, was among the Facebook group’s members. From January 2016 to last month, 80 Customs and Border Protection employees have been investigated for inappropriate posts on social media websites. (AP)Written by Zolan Kanno-Youngs More Explained With Iran deal teetering on brink, Europeans assess next steps Initially, the Department of Homeland Security’s inspector general was asked to investigate the Facebook page, but it referred the case to Customs and Border Protection, an agency within the department. The department’s acting inspector general, Jennifer L. Costello, said last week that her office would investigate whether top Customs and Border Protection officials took appropriate action against employees who were members of the social media groups.On Monday, Klein said 64 of the identified current and former agents were connected to the “I’m 10-15,” group, which had about 9,500 members. Six others were members of at least one other group.“Messages posted on a private page that are discriminatory or harassing are not protected and violate standards of conduct,” Klein said. Failing to report misconduct is also a violation, he said, but he added that membership of the Facebook group alone would not automatically compel punishment.He said investigators were still examining who was active on the page and who knew about the insulting comments.From January 2016 to last month, 80 Customs and Border Protection employees have been investigated for inappropriate posts on social media websites, Klein said.Pressed on why they did not investigate the “10-15” group earlier, Klein said Customs and Border Protection “didn’t immediately jump to the conclusion that there were other groups.” Best Of Express Related News Explained: The Hague rules on Kulbhushan Jadhav today