The #Libra Association has announced it’s planned for a simple global currency and financial infrastructure.
Find out more https://libra.org/en-US/
The #Libra Association is today announcing plans for a simple global currency and financial infrastructure. Find out more https://t.co/VPS7LllcNn #blockchain #cryptocurrency pic.twitter.com/mdHymhsrcH
— Libra (@Libra_) June 18, 2019
The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project.
Though it seems that even though PayPal may have stepped out of the picture, Facebook is now taking that place. Facebook CEO Mark Zuckerberg is set to testify before the House Financial Services Committee over the platform’s plans to implement its own digital currency. Sources close to the matter this week said Zuckerberg will be the only witness at the hearing later this month.
Though online currency makes people feel uneasy pure and simple is due to the unpredictability and the wild market cycles of similar currencies like Bitcoin. This makes Global regulators wary of how digital currency will impact the financial system. The Libra currency was created to boost e-commerce and advertisements within Facebook with plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress. The real concern is that Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data it is also agreed that Congress and regulators have the opportunity to examine the consequences of what happens if Facebook creates such a currency.
Moving money around globally should be as easy, cost-effective and even more secure than sending a text message or sharing a photo — no matter where you live, what you do, or how much you earn. https://t.co/Eea4vMKYlv #Libra #FinancialInclusion #blockchain #cryptocurrency pic.twitter.com/WXw9Rypxmj
— Libra (@Libra_) June 20, 2019
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New Border wall in ‘smuggler’s gulch’ is working according to CBP agents
Justin De La Torre stated a steep, open canyon between San Diego and Tijuana has been used for decades by immigrants to smuggle drugs into the U.S. from Mexico.
“It has an anti-climb feature, it’s made of steel, it also has a concrete base that prevents digging from underneath, and now we’re able to control this area with the new infrastructure.”
According to California Border Patrol agents, new infrastructure in an area known as “smuggler’s gulch” is making a difference.
President Trump moved to replace the fencing along the San Diego border earlier this year as his administration sped up moves to build taller, stronger border reinforcement.
“This is a smart, strategic, see-through steel barrier — not just a simple concrete wall,”
said the president.
“It will be deployed in the areas identified by border agents as having the greatest need, and as these agents will tell you, where walls go up, illegal crossings go way down.”
Numerous wall construction projects are underway across the Southwest border, including projects in California, Arizona, New Mexico and Texas. — CBP (@CBP) August 25, 2019
“There is nothing racist in stating plainly what most people already know, that Elijah Cummings has done a terrible job for the people of his district, and of Baltimore itself. Dems always play the race card when they are unable to win with facts. Shame!” he tweeted Sunday. Cummings’ district is about 55% black and includes a large portion of Baltimore. The city has struggled with violent crime, with more than 300 homicides for four years in a row. It has crumbling infrastructure and a police department under federal oversight. Trump’s comments drew swift condemnation from Democrats over the weekend, including some of the party’s presidential candidates. Statements from a spokesman for Maryland’s Republican governor and from the lieutenant governor defended Cummings’ district and its people. Trump on Saturday lashed out at Cummings, claiming his Baltimore-area district is “considered the worst run and most dangerous anywhere in the United States.” President Donald Trump on Sunday defended his controversial remarks aimed at Rep. Elijah Cumming and called the Baltimore lawmaker a racist. “If racist Elijah Cummings would focus more of his energy on helping the good people of his district, and Baltimore itself, perhaps progress could be made in fixing the mess that he has helped to create over many years of incompetent leadership. His radical ‘oversight’ is a joke!” he added.