Data could be stored at different locations, for example at current pension providers. As the data continuously synchronises and is encrypted, the storage is safe and doesn’t depend on one single player, according to KPMG.Dennis de Vries, head of the consultant’s digital ledger services, said employers could automatically link their salary administration to the network.Pension funds and insurers could build a “smart contract” into the sponsor’s system, which would automatically calculate and upload pensions accrual. All adjustments would carry a time stamp, providing full insight into past changes.Currently, several providers are investing millions in updating their administration systems. A data transfer to another provider is often very complicated, as every system stores information in a different way.In contrast, the blockchain concept would be universal and not owned by an single player, KPMG argued.De Vries said: “This would enable the pensions sector to focus on its core tasks again, such as asset management and designing pension arrangements.”He indicated that the database could be extended with third-pillar products as well as information from banks, which must share their payment data with an increased number of parties following the EU’s Revised Payment Service Directive.De Vries said this would open the way to a universal financial passport, comprising real-time information rather than the relatively old data held in the Netherlands’ national pensions register.According to Pieter Kiveron, KPMG’s head of pension advice, the white paper was meant as an invitation to the pensions sector to contemplate who was best placed to set up and manage such a project.De Vries suggested that a foundation could be set up to manage and further develop the universal administration blockchain.Blockchain was first applied by the developers of Bitcoin in 2009, with the decentralised database registering the balance of all holders of the digital currency. A universal and decentralised ‘blockchain’ database would be a more reliable and easier alternative to current administration systems, according to KPMG.In a white paper, the consultant said that the technology behind the digital currency Bitcoin could help create a “true financial passport”.KPMG has developed a blockchain concept in co-operation with Dutch IT firm Cegeka, using ‘distributed ledger’ technology to automate administration tasks.It explained that the database the two firms had created – aimed at providing an overall view of somebody’s pensions income and assets – could be checked or adjusted by anybody with the correct access details.
MEXICO – A new investigation is underwayinto the disappearance of 43 trainee teachers in Guerrero state in 2014. Parents of 43 missing students continue to search for their missing children – who disappeared on Sept. 26, 2014 after attending a protest. AFP The 43 students from a teacher trainingcollege in the town of Ayotzinapa in Guerrero state disappeared on Sept. 26,2014 after attending a protest in the nearby Iguala town. During the clash, five people – two of themstudents – were shot dead. The body of a third student was found mutilated nearthe scene of the clash the next morning. The case and the subsequent bungledinvestigation caused outrage in the country.(BBC)
For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. Australia registered their eighth win in World Cups against New Zealand.New Zealand face a tricky contest against England in their final game.India are the only undefeated side in the 2019 World Cup. highlights New Delhi: Mitchell Starc has always hurt New Zealand when it comes to the ICC Cricket World Cup. His spell of 6/28 in Auckland in 2015 almost helped Australia pull off an improbable win in their defense of 152. In the final, he yorked Brendon McCullum and ensured the title came to Australia for the fifth time. At Lord’s in the 2019 ICC Cricket World Cup clash on Saturday, Starc put on yet another exhibition of left-arm pace bowling as Australia recovered from a Trent Boult hat-trick to win by 86 runs. For New Zealand, it was their second straight loss and their last game against England could be a tricky proposition as Kane Williamson’s side slump at a wrong time. Much as Australia withstood a brilliant spell from Boult, the recovery was primarily due to Usman Khawaja’s stellar 88 and his 107-run stand with Alex Carey after Australia, who chose to bat, suffered a top-order slump. Aaron Finch, who has been in fine form, was given a reprieve on 0 when Martin Guptill dropped him off Colin de Grandhomme. However, that did not prove costly as Boult trapped Finch in front for eight. Khawaja came out and he was also dropped on 0 by Guptill off Boult and this proved to be costly. Warner struck a couple of boundaries but he was undone by Lockie Ferguson’s first ball as he gloved a pacy, short ball to Tom Latham. Guptill made up for his mistake when Steve Smith flicked Ferguson to leg gully only for Guptill to dive to his left and take the catch. The athletic effort even mad Sean Fitzpatrick, the legendary All Blacks Rugby captain, sit up and appreciate the effort. Marcus Stoinis started off with three attractive boundaries while Khawaja focused on dropping anchor. When Jimmy Neesham dismissed Stoinis and Glenn Maxwell in succession, Australia were in trouble but they were boosted by Alex Carey. Carey batted with confidence and together with Khawaja, restored the innings to some respectability. New Zealand did not help themselves when Latham dropped Khawaja off Neesham on 35. The left-hander duly notched up his 12th fifty while Carey was scoring at better than a run-a-ball. New Zealand missed a run-out of Khawaja and Carey notched up his fifty with two fours in one over bowled by Neesham. The stage was set for a late-over onslaught but Kane Williamson with his offbreaks broke the stand with Carey driving a flighted delivery straight to Guptill at extra cover. Australia lost some momentum and Khawaja tried his best to revive the innings with some boundaries at the death but Boult ended it in style by becoming the first New Zealand bowler to take a hat-trick in the World Cup. This was the left-armer’s second hat-trick as he got rid of Khawaja, Mitchell Starc and Jason Behrendorff with reverse swinging yorkers. New Zealand had the momentum heading into the break as Australia were restricted to 243/9. In response, New Zealand started confidently with Henry Nicholls, brought into the side in place of an out of form Colin Munro, striking two fours off Starc in the sixth over. However, Behrendroff, who took his maiden five-wicket haul in the match against England broke the stand when Nicholls fell for eight. Guptill’s poor World Cup continued when Behrendroff trapped him LBW for 20. Williamson was given a life on 11 when Smith dropped him at slip off Nathan Lyon. The New Zealand skipper and Ross Taylor looked to build a partnership. Wiliamson was again dropped on 14 when Carey failed to grasp an edge off Behrendorff. The partnership between Taylor and Williamson went past fifty, with Williamson blasting a six off Stoinis and going past 6000 ODI runs. However, Starc changed the course of the match when Williamson edged to Carey for 40 and New Zealand faced an uphill task. When Pat Cummins sent back Taylor for 22, Australia were on the cusp of a win and when Smith, bowling his occasional legbreaks sent back Colin de Grandhomme for a golden duck, the writing was on the wall. Starc came back and wrapped up the tail in style as he ended with yet another five-wicket haul to go past his 2015 tally of wickets. Australia’s comprehensive win has made them serious contenders for the title and they will be aiming to finish on top with a win against South Africa while for New Zealand, the next couple of days could prove to be very difficult in their World Cup campaign.
USC’s Program Board kicked off the spring semester Wednesday night with Variety Hour, a night of music, comedy and dancing. Program Board’s Concerts, Special Events and Performing Arts Committees welcomed students back to the university with a variety of live performances in the Ronald Tutor Campus Center Ballroom.Boogie Nights · Well-known YouTube singer Alex Goot performs in front of university students at Tutor Campus Center Ballroom.Joseph Chen | Daily Trojan“We throw together a variety of acts to keep people entertained, interested and excited to come back to school,” Andrew Clark of the Special Events Committee said. “This is Program Board’s first big event of the year, and we like to make it big.”Variety Hour has become an annual tradition for Program Board.“This is our third annual Variety Hour,” Clark said. “We’re happy to keep it going. Last year we had Pentatonix and that was huge. We knew this year that we wanted to do it a third time, so we started to look at who we wanted to bring in.”Headlining this year’s performance was YouTube sensation Alex Goot, a 25-year-old singer-songwriter from New York. Goot performed a popular rendition of Vanessa Carlton’s “A Thousand Miles” and also some of his original songs.Special Events Director Kim Chu discussed how Goot came to be hired.“We were brainstorming acts to bring in, and we thought, ‘why not invite a YouTube star?’” Chu said. “So we went ahead and contacted him, and thankfully he accepted.”Other acts included a magic show and a hip-hop performance from USC’s Break Through dance crew. Brittany Kuhne, a sophomore majoring in human biology was among the dance crew’s fans.“We came to watch one of our friends in Break Through, but we stayed for the hypnosis,” Kuhne said.The comedic hypnosis show by James Kellogg Jr. was a crowd favorite.“This is the man who hypnotized famous tattoo artist Kat Von D to quit smoking,” said Derek Hughes, the magician and emcee of the show.Kellogg’s show was a bonding experience for students who volunteered to be hypnotized. They found themselves snuggling, dancing and even stripping in front of the audience.“My favorite part had to be the finale [of the hypnosis show]. A kid started taking off his clothes. I couldn’t believe it,” said Andrew Menard, a junior majoring in business administration. “I came tonight because I’d never been before, but I was not expecting to see ten people fall asleep on each other on stage.”Attendance was down from last year, when ushers had to turn dozens of students away after the ballroom was filled to capacity.“Last year, we had a lot more time to publicize so we had a full house,” Chu said. “This year, the contracts got signed a little bit later, which kept us from being able to publicize until after the school year had already started back up.”Still, as in previous years, the event was a hit among student attendees.“The show was really awesome,” said Laura Morine, a freshman majoring in geology. “The magician was great. It was some of the best magic I had ever seen. Break Through was fantastic. Overall, I thought it was an awesome show.”Program Board encourages students to be on the lookout for the events they have planned for the rest of the year.“We have a lot coming up for the spring semester,” Chu said. “There’s going to be Springfest from Program Board’s Concerts Committee, Special Events has Taste of Downtown L.A. coming up in February and Performing Arts is putting on Dueling Pianos at the end of January. It’s going to be a great year.”Updated to show that the event took place Wednesday night, not Tuesday. The article quoted Daniel Clark when in fact his name is Andrew Clark.
Dear Editor,As Guyana rapidly slips into a very serious constitutional crisis, the PNC/APNU orchestrators act as though citizens will allow the cabal to bully them and rule dictatorially by staying in power illegally. This is far from being realistic and our nation is in for its most trying times since gaining independence approximately 50 years ago. The recent ruling of Court of Appeal Justice Rishi Persaud in denying the request for staying the fallen Government status quo, reifies the maladroitness in the Government actions.Critical among the fomenting issues that led us to the precipitously threatening position is the demonstrated characteristic untrustworthiness which seems to have no point of redress. They have been outright uncaring, dishonest to the nation and full of vengeance against any citizen who stops to identify the APNU/AFC Administrator’s clandestine, fraudulent and underhanded intent. Thanks to the Constitution, there is a measure of recourse that the Opposition utilised to successfully challenge and fall this visible epidemic.Aside from the significantly burdensome tax-laden investiture imposed by the APNU/AFC regime, President Granger’s previous sidestepping of the legitimate expectancy in the naming of the Chairman of the Guyana Elections Commission (GECOM) was wait laid and deliberate. Their sinister and fraudulent orchestrations were surprising to many, even supporters, and spewed on citizens under a dictatorship program designed towards an unconscionable spendthrift position. Guyanese now demand the indemnification of this ungainly situation in their favour.The APNU/AFC leader’s conjured delays and the defiance of President Granger’s inappropriate treatment of the result of the No-Confidence Motion is yet another attempt at constitutional subversion and abuse that Guyanese will not allow to happen. Word on the street from the echelons of the PNC/R-led APNU/AFC coalition is that the Opposition does not have the testicular fortitude to take any actions in the likely constitutional crisis. In abstract mode, they seem myopic to the international ramifications even as citizens are now readying for the trenches in revolt. Our people must unite, and cost it what it will, stand up to any illegal regime.The Government is on a path of political influencing while some GECOM officials are playing the delaying games with the constitutional clock ticking. This makes many administrative officials of GECOM complicit of a major fraud on our citizens’ rights. It is pellucid that GECOM’s Chief Executive Officer Lowenfield already said that the voters’ list is valid up to April 30, 2019, it is clean and ready for elections. Additionally, Public Relations Officer Ms Yolanda Ward in speaking to the press on December 28, 2018, stated that “the Commission would uphold its constitutional mandate, and would have to immediately put systems in place to run off the elections once a date was set”.The clear inconsistencies that have since emerged with GECOM stating that it needs approximately five months to be ready are farcical and demand persons responsible to be held accountable following the necessary inquiry after the elections. More so, GECOM’s announcements that the agency does not have elections funds and that it will proceed with house-to-house registration is a flagrant violation of its constitutional mandate and obligations. It is GECOM’s role to be ready for any arising elections in keeping with the intent of any circumstance enshrined in the Constitution.Article 222 A of the Constitution provides for the lump sum appropriation of funds to GECOM to deal with as necessary in such manner as it deems fit for the efficient discharge of its functions, subject only to the financial practices and procedures approved by the National Assembly to ensure accountability. With the Constitution being supreme of all national legislation, there is simply no rational excuse regarding GECOM’s failure to do what is required.It is the constitutional mandate that National Elections be held within 90 days from December 21, 2018, and, therefore, that of GECOM. There have been many previous precedents of notice of elections advised to the Commission in shorter timelines and the implementation executed within the period. The Government now conveniently represents that young persons will be disenfranchised. It is widely known, however, that GECOM has offices across the country that should normally be used for them to facilitate the Claims and Objections. Additionally, the current database system of the organisation allows for automatic update of persons achieving the voting age of 18 years. So what’s the problem?Sincerely,Neil Kumar