Fed Says Redesigned $100 Bill Ready by October

Fed Says Redesigned $100 Bill Ready by October

Unknown   Thursday, April 25, 2013

By Martin Crutsinger AP Economics Writer WASHINGTON, April 24, 2013 (AP)

Redesigned $100 Bill Ready by October

The Federal Reserve announced Wednesday it will begin circulating a redesigned $ 100 bill this fall, more than two years after its initial goal. 

The Federal Reserve has set a new deadline of October 8 The redesigned incorporates additional safety features, such as a blue ribbon safety 3-D and the Liberty Bell in an inkwell disappears. 

The features are designed to thwart counterfeiters. It was hoped that the renewed bill to enter circulation in February 2011. But in December 2010, the authorities announced an indefinite delay. 

They said they needed more time to fix production problems left unwanted creases in many of the notes. "We have made many changes in the process of addressing the issue of folding and we are back in full production," said Dawn Haley, spokeswoman for the Bureau of Engraving and Printing. 

Haley said that these changes include modifying the paper feeder in printing machines to accommodate variations in the paper associated with safety belt 3-D. The blue security ribbon is composed of thousands of tiny lenses.

The lenses magnify the objects underneath them to make them appear to be moving in the opposite direction to the way the bill is moving. Benjamin Franklin portrait will remain in the $ 100, the highest value denomination in general circulation.

It is also the most frequent target of counterfeiters. The $ 100 is the last note to undergo an extensive renovation aimed at thwarting counterfeiters copying machines, increasingly sophisticated. The redesign began in 2003 when the government adds touches of color on the $ 20 bill. 

That makeover was followed by redesigns of the $ 50, $ 10 and $ 5 bills. The $ 1 bill is not getting a makeover. An extensive public education effort is planned for businesses and consumers around the world to raise awareness of the new design and provide information on the use of new security features. Fed officials said the information about the new design $ 100 can be found in www.newmoney.gov.

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G20 Summit,World leaders gather reduce extreme poverty in the world

G20 Summit,World leaders gather reduce extreme poverty in the world

Unknown   Monday, April 22, 2013

World leaders gather in G20 Summit for developing countries culminating a week of events, the world's financial leaders are holding a conference on Sunday and Monday to discuss growth in developing countries.

The International Monetary Fund and World Bank joint conference held at IMF headquarters in Washington centers on taxes, infrastructure, income inequality and natural resources, among others.

 "In an environment of low growth in advanced economies, developing countries have a strong incentive to seek new domestic engines for efficiency and productivity as well as greater equity in development", according to a statement from the meeting.

The conference of developing countries is part of the spring meetings of the World Bank and the IMF. Events began on Monday, and sessions to date have focused on the global economic outlook and global financial stability, among other topics.

World Bank officials said their goal is to reduce extreme poverty in the world, people who live on less than $ 1.25 a day, and 3% of the population in 2030.

Protesters gather outside of the spring meetings of the World Bank / IMF in Washington, DC
"Achieving this goal will require strong growth in the developing world, and the translation of growth on poverty reduction in an unprecedented move in many low-income countries.

Overcoming also require institutional challenges and government, and investment in infrastructure and agricultural productivity, "according to an official statement released Saturday.
On Friday, the Group of 20 finance ministers and central bank governors said economic policymakers around the world must do more to support the claim.

"Global growth has remained very weak and unemployment is still very high in many countries," according to a statement from the G-20 officials. "The recovery is uneven and is progressing at different speeds with emerging markets experiencing relatively strong growth, the U.S. shows a gradual strengthening of private demand and the recovery of the euro area as a whole is still materialize" .

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Financial Florida Used Pre-IPO Facebook Frenzy scam them customers

Financial Florida Used Pre-IPO Facebook Frenzy scam them customers

Unknown   Wednesday, March 20, 2013

Many investors have bemoaned the performance of the shares of social media companies like Facebook after its public debut, but at least the action gave investors who paid.
 

Enforcement Division of the SEC announced fraud charges against Florida financial securities Craig Berkman, a former candidate for governor of Oregon, so that regulators say was a Ponzi scheme as promised investors access to the shares pre-IPO of Facebook and other companies.
 

In reality, the SEC alleges, Berkman was using the money - for shares of Facebook, LinkedIn, Groupon and Zynga - to pay off earlier investors and personal expenses funds.

"Berkman blatantly aprovechó he fervently the previous OPI expected market Facebook y Further business social media to them investors wool Cuyo flujo caja that was like an ATM to fund y sus own expenses to pay ordered by the court claims them victims sus past misdeeds ", dijo Andrew Calamari, Director of the  

New York office of the SEC Regional.

The SEC dice Berkman raise $ 13.2 million from 120 investors, with the promise of access to them shares pre-IPO of them companies Caliente incluyendo Facebook. Heche, regulating them say, one small portion of the land use of those funds, unos $ 600,000 to acquire shares in a "bottom without respect he had bought pre-IPO shares of Facebook." 

Those interests, however, in the Law Berkman to sus customers it owned shares of Facebook, you are where the story takes otro cute as Berkman Lueg allegedly recruited John Kern as legal advisor to ayudar to allow him to cheat. The SEC also is charging Kern for falsely assure customers that sus funds had been used to buy pre-IPO shares of Facebook. 

In one action related to it U.S. Attorney for the Southern District of New York is stabilizing criminal charges against Berkman for him regime, which dice are tambaleó $ 8 million, the mayor of the Cuale "misappropriation su own benefit." 

"Craig Berkman aprovechó he interest in one investment opportunity muy codiciado to defraud investors of millions" dijo Manhattan U.S. Attorney Preet Bharara. "Su arrest, this follows Nuestra Trabajo Office to identify the perpetrators of financial fraud, hacerlos responsible y PROTECT them investors." 

It Berkman 71 years 0ld detenido fue su Odessa, Florida home. Faces 20 years in prison for each one of them four positions (of securities fraud, mail fraud for the) y bad one fine of $ 5 million. 

Both civil and criminal las complaints referred to in ones Ventures, entitled Trust II - a vehicle Berkman dijo sus customers that the acquisition of shares of Facebook for the sale of them employees - y face. The latter entity, Berkman claimed, raise $ 40 - $ 50 million to buy a fund that controls 1,000,000 Pre-IPO shares of 

Facebook, y ya had it back to a billionaire investor. Heche, her office it Bharara dice, Berkman was treated soil background with it "intermittently" in the years and it multimillionaire mystery never heard hablar Face Off, y Much less has committed to reverse. 

Las shares of Facebook debuted it last May in one of them bad long-awaited initial public offering in years. From a Comienzo failed to quote him NASDAQ la fuerte them drop actions los primeros months of trading, the red just social tuvo one acogida smooth public marketplace. The action will Vuelta since then we, although the hare nothing to them allegedly snookered customers apuestas pre-IPO that never actually existed.

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