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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— The White House (@WhiteHouse) July 29, 2019
One of those heroes and an advocate for the legislation was Luis Alvarez, a retired New York Police Department detective who testified before Congress last month to tell of his battle with cancer and nearly 70 rounds of chemotherapy.
“This fund is not a ticket to paradise, it’s to help take care of our families when we cant,” “You all said never forget, well I’m here to make sure that you don’t.”
Alvarez died two weeks later.
The bill will extend funds to pay for medical expenses of police officers, firefighters, and other first responders who are experiencing illnesses related to their rescue efforts following the attack.
“This critical legislation would fully fund the September 11th compensation fund to make sure all those exposed and impacted by the related illnesses are thoroughly compensated, and for those conditions diagnosed in the future,” stated Senator Cory Garner (R-Colo.).
“For your entire lives you have gone far beyond your duty to us and today we strive to fulfill our sacred duty to you. We love you, we honor you and we thank you. God bless you all.” — President Trump
President Trump Signs H.R. 1327 https://t.co/r1YBKEX3hY
President Trump signed a bill to extend health funding for the heroes who responded to the tragic September 11th terrorist attacks. He signed the 9/11 victims compensation bill, also known as H.R. 1327, during a ceremony Monday. The move marked an end to weeks of congressional debates.
President Donald Trump holds up H.R. 1327, an act ensuring that a victims’ compensation fund related to the Sept. 11 attacks never runs out of money, after signing it in the Rose Garden of the White House as member of the audience applaud and celebrate, Monday, July 29, 2019, in Washington. (AP Photo/Alex Brandon)
Tens of thousands of responders reportedly stepped in that day to help search for survivors and manage the clean-up of the area. However, that effort exposed them to toxic debris in the air, including asbestos, lead and pulverized concrete.
This measure is the first time the funds will be guaranteed to first responders. Previously, lawmakers had to vote to renew the fund every few years. The plan will now allow families to file claims through the year 2090 and accept financial assistance through 2092.
Rep. Richard Neal, D-Mass., faces a challenge for re-election from a 30-year-old Massachusetts mayor campaigning on the House Ways and Means Committee chairman’s inaction on obtaining President Donald Trump’s tax returns, NBC News reported. “So, when you look at the timing here, we’re now very unlikely to see any result before the 2020 election, because Congressman Neal dragged his feet. We also have people in New York that have worked tirelessly to give the American people access to his New York state tax returns.” “I think his action is emblematic of a kind of leader, or lack thereof, that’s he’s been over the last 30 years,” Holyoke Mayor Alex Morse told NBC News about Neal’s authority to obtain President Trump’s state returns. Rep. Neal has held off using the New York state law to obtain his state tax returns because it might jeopardize the ability to obtain federal returns, according to the report. President Trump filed a federal lawsuit this week to block Rep. Neal from using the state law to obtain the federal return. “I know people here in western Massachusetts, and people around the country, are frustrated with the way in which he’s handled this issue from day one. I mean, Democrats took back the House, and it took [months] to put a letter together. I know it doesn’t take us that long to put letters together at City Hall when we have to look at legal issues. “It’s unfortunate that there are folks who aren’t living what he’s living, making statements and comments and Monday morning quarterbacking the situation,” a source told NBC News of Rep. Neal.
Former Daily Show host Jon Stewart on Wednesday ripped Sen. Rand Paul, R-Ky., after he blocked a measure providing compensation to 9/11 workers, saying the price tag was too high.
“Bret, this is about what kind of society we have,” a furious Stewart told Bret Baier during an appearance on Fox News. “At some point, we have to stand up for the people who have always stood up for us, and at this moment in time maybe cannot stand up for themselves due to their illnesses and their injuries. And what Rand Paul did today on the floor of the Senate was outrageous.”
Paul said he would offer an amendment on the cost of the bill, titled the Never Forget the Heroes Act, when it reaches the Senate floor.
Stewart last month spoke before the House Judiciary Committee on reauthorizing the September 11 Victim Compensation Fund.
He said Paul’s reasoning wasn’t good enough.
“He is a guy who put us in hundreds of billions of dollars in debt,” he said of Paul. “And now he’s going to tell us that a billion dollars a year over 10 years is just too much for us to handle? You know, there are some things that they have no trouble putting on the credit card, but somehow when it comes to the 9/11 first responder community—the cops, the firefighters, the construction workers, the volunteers, the survivors — all of a sudden we’ve got to go through this.”