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All the sex scandal claims against Trump’s cabinet as Matt Gaetz abandons Attorney General bid
Cotabato City–On Tuesday, Nov. 19, 2024, Sen. Robinhood Padilla filed Senate Bill No. 2879, which aimed to establish another autonomous region to be composed of three island provinces–Basilan, Sulu, and Tawi-Tawi or the BaSulTa region. Upon hearing this news, top leaders of the current Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) expressed their dismay that one of their ”idols” and perceived champion in the Senate has dropped another bombshell to an already beleaguered region. Many of them consider this move as “ill-advised” and insensitive to the current problems the region is facing due to the Supreme Court decision last Sept. 9 removing Sulu as a component province of the region. To recall, the Supreme Court announced its final and executory ruling that the province of Sulu is no longer part of the fledgling BARMM, to be implemented after it was announced. This news spread like wildfire, making all functionaries and leaders in the region, and several civil society organizations confused and bewildered at this sudden turn of events in the already checkered brief history of the transitional BARMM government. Padilla’s new bill is a complicated proposal to address the already complex problems faced by the region as well as its constituencies. This proposed legislation is another political “mistake” on top of another one–the exit of Sulu from the BARMM. SB 2879 is not only “ill-advised,” it is fueling another firestorm already generating powerful flames of division in the region. Such divisive national-based policies and decisions hark back to the reign of our two main colonizers–Spain and the United States of America–and these are all referred to as “divide and rule” policy. The two colonizers easily instigated divisions among clan-based communities in Mindanao and its islands many of which have been Islamized starting in 1380 AD, long before the Spaniards came here in the early 16th century. By filing this bill, Padilla is manifesting his cluelessness of the entire range of dynamics–political, social, and cultural–that gave rise to what the BARMM is now. He may be a Muslim by conversion, but he has not embedded himself in the communities of the Bangsamoro, especially those who are leading the region now as the government of the day–the leaders of the Moro Islamic Liberation Front. He has not seen the suffering of the communities left behind by their heads who had to answer the call for the struggle for self-determination. He has not known how it is to be fighting a war of attrition for more than four decades without being assured of victory at the end. He has not known war on a personal level, since he has not been a part of the Bangsamoro history of struggle. He has only known war as part of his make-believe world as an actor on the big screen. He may be an effective and charismatic actor. Unfortunately, these are not the main traits required of a legislator, and a national one at that. He may be effective in playing his roles on the reel, make-believe world on the silver screen, but he has not gone through the needed training and experience of how to craft legislation, even at the barangay level. I would like to believe that as a Muslim convert, he is concerned with the dismal quality of life of many Bangsamoro Muslims in the region. He claimed this during his campaign sorties that convinced Bangsamoro voters to give their vote of confidence to him. Many of these voters have become part of the BARMM bureaucracy and consider him their champion in promoting more favorable legal instruments to benefit them in the region. The proposed BaSulTa region is not new; it is an arbitrary creation among nongovernment and religious-based organizations to come up with a way to delineate their respective initiatives by location, to distinguish the unique contexts of island communities vis-à-vis the “mainland” provinces of Lanao del Sur and now, the two Maguindanao provinces. But making it another autonomous region will raise a host of various problems, making it another set of kindling wood to an already existing conflagration that started with the exit of Sulu from the BARMM. First, the proposal will run counter to the 1987 Constitution that allows for only two autonomous regions–the ARMM, now BARMM, and the Cordillera Autonomous Region. While several sectors have advocated for reconsideration to reinstate Sulu as part of the BARMM, here is a proposal to divide the region once again. This has also raised questions on Padilla’s motives and his avowed concern and empathy for the Bangsamoro. This bill proves otherwise. Most of all, it is a proposal that spells another figurative firestorm in the region. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . [email protected]
Mysterious googly eyes go viral after appearing on public art in Oregon
NoneBy James Royal, Ph.D., Bankrate.com Cryptocurrencies are enormously volatile, but that volatility can create opportunities for profit if you’re looking to trade these digital assets. Cryptos such as Bitcoin and Ethereum have risen a lot since their debut — but they’ve also experienced tremendous boom-bust cycles along the way. Experienced traders have been speculating on cryptocurrencies for years, but how can you get started if you’re new to the crypto market? Here’s how to start investing in cryptocurrency and the significant risks you need to watch out for. First things first, if you’re looking to invest in crypto, you need to have all your finances in order. That means having an emergency fund in place, a manageable level of debt and ideally a diversified portfolio of investments . Your crypto investments can become one more part of your portfolio, one that helps raise your total returns, hopefully. Pay attention to these five other things as you’re starting to invest in cryptocurrencies. As you would for any investment, understand exactly what you’re investing in. If you’re buying stocks, it’s important to read the annual report and other SEC filings to analyze the companies thoroughly. Plan to do the same with any cryptocurrencies , since there are literally thousands of them, they all function differently and new ones are being created every day. You need to understand the investment case for each trade. In the case of many cryptocurrencies , they’re backed by nothing at all, neither hard assets nor cash flow of an underlying entity. That’s the case for Bitcoin , for example, where investors rely exclusively on someone paying more for the asset than they paid for it. In other words, unlike stock, where a company can grow its profits and drive returns for you that way, many crypto assets must rely on the market becoming more optimistic and bullish for you to profit. Some of the most popular coins include Bitcoin, Ethereum, Solana , Dogecoin and Tether (a stablecoin) . So before investing, understand the potential upside and downside. If your financial investment is not backed by an asset or cash flow, it could end up being worth nothing. A mistake that many new investors make is looking at the past and extrapolating that to the future. Yes, Bitcoin used to be worth pennies, but now is worth much more . The key question, however, is “Will that growth continue into the future, even if it’s not at quite that meteoric rate?” Investors look to the future, not to what an asset has done in the past. What will drive future returns? Traders buying a cryptocurrency today need tomorrow’s gains, not yesterday’s. The prices of cryptocurrencies are about as volatile as an asset can get. They could drop quickly in seconds on nothing more than a rumor that ends up proving baseless. That can be great for sophisticated investors who can execute trades rapidly or who have a solid grasp on the market’s fundamentals, how the market is trending and where it could go. For new investors without these skills — or the high-powered algorithms that direct these trades — it’s a minefield. Volatility is a game for high-powered Wall Street traders, each of whom is trying to outgun other deep-pocketed investors. A new investor can easily get crushed by the volatility. That’s because volatility shakes out traders, especially beginners, who get scared. Meanwhile, other traders may step in and buy on the cheap. In short, volatility can help sophisticated traders “buy low and sell high” while inexperienced investors “buy high and sell low.” If you’re trading any asset on a short-term basis, you need to manage your risk , and that can be especially true with volatile assets such as cryptocurrency. So as a newer trader, you’ll need to understand how best to manage risk and develop a process that helps you mitigate losses. And that process can vary from individual to individual: Newer traders should consider setting aside a certain amount of trading money and then using only a portion of it, at least at first. If a position moves against them, they’ll still have money in reserve to trade with later. The ultimate point is that you can’t trade if you don’t have any money. So keeping some cash in reserve means you’ll always have a bankroll to fund your trading. It’s important to manage risk, but that will come at an emotional cost. Selling a losing position hurts, but doing so can help you avoid worse losses later. Finally, it’s important to avoid putting money that you need into speculative assets. If you can’t afford to lose it — all of it — you can’t afford to put it into risky assets such as cryptocurrency, or other speculative assets, for that matter. Whether it’s a down payment for a house or an important upcoming purchase, money that you need in the next few years should be kept in safe accounts so that it’s there when you need it. And if you’re looking for an absolutely sure return, your best option is to pay off high-interest debt. You’re guaranteed to earn (or save) whatever interest rate you’re paying on the debt. You can’t lose there. Finally, don’t overlook the security of any exchange or broker you’re using. You may own the assets legally, but someone still has to secure them, and their security needs to be tight. If they don’t think their cryptocurrency is properly secured, some traders choose to invest in a crypto wallet to hold their coins offline so they’re inaccessible to hackers or others. Remember that investing in cryptocurrency can be part of a broader investment strategy, but shouldn’t be your only one. While investing directly in cryptocurrency is popular, traders have other ways to get into the crypto game, some more directly than others. These include: Each of these methods varies in its riskiness and exposure to cryptocurrency, so you’ll want to understand exactly what you’re buying and whether it fits your needs. In theory it takes only a few dollars to invest in cryptocurrency. Most crypto exchanges, for example, have a minimum trade that might be $5 or $10. Other crypto trading apps might have a minimum that’s even lower. However, it’s important to understand that some trading platforms will take a huge chunk of your investment as a fee if you’re trading small amounts of cryptocurrency. So it’s important to look for a broker or exchange that minimizes your fees. In fact, many so-called “free” brokers embed fees — called spread mark-ups — in the price you pay for your cryptocurrency. Cryptocurrency is based on blockchain technology . Blockchain is a kind of database that records and timestamps every entry into it. The best way to think of a blockchain is like a running receipt of transactions. When a blockchain database powers cryptocurrency, it records and verifies transactions in the currency, verifying the currency’s movements and who owns it. Many crypto blockchain databases are run with decentralized computer networks. That is, many redundant computers operate the database, checking and rechecking the transactions to ensure that they’re accurate. If there’s a discrepancy, the networked computers have to resolve it. Some cryptocurrencies reward those who verify the transactions on the blockchain database in a process called mining. For example, miners involved with Bitcoin solve very complex mathematical problems as part of the verification process. If they’re successful, miners receive a predetermined award of Bitcoins. To mine Bitcoins , miners need powerful processing units that consume huge amounts of energy. Many miners operate gigantic rooms full of such mining rigs in order to extract these rewards. As of October 2024, running the Bitcoin system burned as much energy per year as the country of Poland. If you’re looking to invest in Bitcoin, you have a variety of ways to do so, and you can work with a number of companies, including: If you’re looking to buy Bitcoin, pay particular attention to the fees that you’re paying. Here are other key things to watch out for as you’re buying Bitcoin . An altcoin is an alternative to Bitcoin. Many years ago, traders would use the term pejoratively. Since Bitcoin was the largest and most popular cryptocurrency, everything else was defined in relation to it. So, whatever was not Bitcoin was lumped into a catch-all category called altcoins . While Bitcoin is still the largest cryptocurrency by market capitalization by far, it’s no longer the only game in town. Other altcoins such as Ethereum and Solana have grown in popularity, making the term altcoin somewhat outmoded. Now with a reported 15,000 or more cryptocurrencies in existence, it makes less sense than ever to define the industry as “Bitcoin and then everything else.” Cryptocurrency is a highly speculative area of the market, and many smart investors have decided to put their money elsewhere. For beginners who want to get started trading crypto, however, the best advice is to start small and only use money that you can afford to lose. Bankrate’s Brian Baker contributed to an update of this story. ©2024 Bankrate.com. Distributed by Tribune Content Agency, LLC.