Cost Accounting – After Hours http://after-hours.org/ Sun, 26 Jun 2022 06:26:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://after-hours.org/wp-content/uploads/2021/07/icon-1-150x150.png Cost Accounting – After Hours http://after-hours.org/ 32 32 THA to create Department of Public Safety https://after-hours.org/tha-to-create-department-of-public-safety/ Sun, 26 Jun 2022 05:23:25 +0000 https://after-hours.org/tha-to-create-department-of-public-safety/ New Corey Connelly Just now A policeman directs traffic during a roadblock exercise in Old Grange, Tobago. – File photo/David Reid Chief Secretary Farley Augustine revealed that the THA intends to create a Department of Public Safety (DPS) within the Office of the Chief Secretary to complement the work of the TT Police Department and […]]]>

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A policeman directs traffic during a roadblock exercise in Old Grange, Tobago. – File photo/David Reid

Chief Secretary Farley Augustine revealed that the THA intends to create a Department of Public Safety (DPS) within the Office of the Chief Secretary to complement the work of the TT Police Department and other agencies of security on the island.

During his first presentation of Tobago’s budget Thursday at the Scarborough Legislative Assembly, Augustine said the department should be operational by the end of the 2023 fiscal year.

He said that although Tobago is relatively safer than Trinidad, his administration has noted “the changing face of criminal activity on the island where firearms are now the weapon of choice in the commission of murder and robbery” .

In this capacity, Augustine said he held monthly meetings with all heads of National Security Teams and the TT Port Authority, TT Airports Authority and Tobago Emergency Management Agency.

He said that during the meetings, extensive discussions took place on the various coordinated strategies that should be deployed to improve public safety on the island.

“I am committed that the THA will help, if necessary and possible, to ensure that the tools, other equipment and working environment necessary to improve the performance of these units are provided,” he said. .

Augustine said the primary mandate of the DPS will be to provide additional and complementary public safety services with the Trinidad and Tobago Police Department, Fire Department and other national security agencies.

He added that the DPS will be established in accordance with the provisions of the Supplementary Police Act, Chapter 15:02.

He will be responsible for the protection and security of physical assets, critical facilities and THA officials.

The DPS will include the assembly police; traffic wardens; litter keepers; environmental policing; lifeguards; reef guards; rangers and TEMA.

“It should be noted that work has already begun on appropriate governance and public accounting frameworks for this department.”

Augustine said the initiative is expected to create an additional 150 permanent jobs when fully implemented.

He also said efforts were underway to provide public land for a new correctional facility on the island.

“We will donate the agreed area to National Security free of charge so that a suitable facility can be built.”

To say that he recently visited the Tobago prisons in Scarborough, and the next day a decision was made to withdraw all the inmates and take them to Trinidad.

“Not a single word was said to the families involved. Most likely, it was a security decision.

He said that given the state of Scarborough Institution, the THA intends to send a team from the Infrastructure Division to carry out improvement work so that non-violent inmates can be returned to the island.

Augustine said there was a social cost to not rehabilitating prisoners in Tobago.

“Have we counted the cost for the families? Have we considered the cost of indoctrinating our Tobago sons, daughters and youth into greater criminality? »

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June 22, 2022—Increase in Current Refinance Rates – Forbes Advisor https://after-hours.org/june-22-2022-increase-in-current-refinance-rates-forbes-advisor/ Wed, 22 Jun 2022 12:27:30 +0000 https://after-hours.org/june-22-2022-increase-in-current-refinance-rates-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. The rate for a 30-year fixed refinance rose slightly today. The average rate on a 30-year fixed mortgage refinance is 6.06%, according to Bankrate.com. On a 15-year fixed mortgage, the average rate […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

The rate for a 30-year fixed refinance rose slightly today.

The average rate on a 30-year fixed mortgage refinance is 6.06%, according to Bankrate.com. On a 15-year fixed mortgage, the average rate is 5.37%. The average rate on a 20-year refinance loan is 6.04% and the average rate on a 5/1 ARM is 4.11%.

Related: Compare current refinance rates

30-year fixed refinancing interest rate

Today, the average 30-year fixed-rate mortgage refinance rate has risen to 6.06%. Last week, the 30-year fixed was 6.12%. The 52-week low is 5.11%.

On a 30-year fixed mortgage refi, the APR (annual effective rate) is 6.07%, lower than it was last week. The APR, or annual percentage rate, consists of the interest rate of a loan and the finance charges of a loan. This is the overall cost of your loan.

According to the Forbes Advisor Mortgage Calculator, homebuyers with a $100,000 30-year fixed rate mortgage will pay $603 per month in principal and interest (excluding taxes and fees) at the current interest rate of 6.06 %. In total interest, you would pay $117,229 over the life of the loan.

20-year refi rate

The average interest rate on the 20-year fixed refinance mortgage is 6.04%. At this time last week, the 20-year fixed rate mortgage was at 6.09%.

The APR on a fixed 20-year term is 6.05%. Last week it was 6.10%.

A $100,000 20-year fixed rate mortgage refinance with a current interest rate of 6.04% will cost $719 per month in principal and interest. Taxes and fees are not included. Over the term of the loan, you will pay approximately $72,498 in total interest.

15-year refinancing rate

Today, the 15-year fixed mortgage rate is at 5.37%, higher than it was at the same time yesterday. Last week it was 5.24%. Today’s rate is above the 52-week low of 4.29%.

On a 15-year fixed refinancing, the annual percentage rate of charge is 5.39%. Last week it was 5.27%.

At the current interest rate of 5.37%, a 15-year fixed rate mortgage would cost approximately $810 per month in principal and interest per $100,000. You would pay approximately $45,836 in total interest over the life of the loan.

30-Year Jumbo Mortgage Refinance Rate

The average interest rate on the 30-year fixed rate jumbo mortgage refinance is 6.03%. Last week, the average rate was 6.12%. The 30-year fixed rate on a jumbo mortgage is above the 52-week low of 5.06%.

Borrowers with a 30-year fixed rate jumbo mortgage refinance with a current interest rate of 6.03% will pay $601 per month in principal and interest per $100,000.

Jumbo Refi rate over 15 years

The average interest rate on the 15-year fixed rate jumbo mortgage refinance climbed to 5.44%. Last week, the average rate was 5.32%. The 15-year fixed rate on a jumbo mortgage is above the 52-week low of 4.30%.

Borrowers with a 15-year fixed rate jumbo mortgage refinance with a current interest rate of 5.44% will pay $814 per month in principal and interest per $100,000. This means that on a $750,000 loan, the monthly principal and interest payment would be approximately $6,104, and you would pay approximately $348,769 in total interest over the life of the loan.

5/1 Adjustable Rate Mortgage Refinance Rate

The average interest rate on a 5/1 ARM is 4.11%, higher than the 52-week low of 2.83%. Last week, the average rate was 5.28%.

Borrowers with a 5/1 ARM of $100,000 with a current interest rate of 4.11% will pay $484 per month in principal and interest.

When refinancing makes sense

There are a number of reasons why you should refinance your home, but many homeowners consider refinancing when they can lower their interest rate, lower their monthly payments, or pay off their home loan sooner. Refinancing can also help you access equity in your home or eliminate private mortgage insurance (PMI).

Refinancing your mortgage can be a good idea if you plan to stay in your home for several years. There is, after all, a refinancing cost that will take some time to recover. You will need to know the closing costs of the loan to calculate the break-even point where your savings through a lower interest rate exceeds your closing costs. You can calculate this by dividing your closing costs by the monthly savings from your new payment.

Our Mortgage Refinance Calculator can help you determine if refinancing is right for you.

How to Qualify for Today’s Best Refinance Rates

Just like shopping for a mortgage when buying your home, when you refinance, here’s how you can find the lowest refinance rate:

  • Maintain a good credit score
  • Consider a shorter term loan
  • Reduce your debt to income ratio
  • Monitor mortgage rates

A strong credit rating doesn’t guarantee your refinance will be approved or that you’ll get the lowest rate, but it might make your way easier. Lenders are also more likely to approve you if you don’t have excessive monthly debt. You should also keep an eye on mortgage rates for different loan terms. They fluctuate frequently, and loans that need to be paid off sooner tend to charge lower interest rates.

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OPINION: Licenses hurt consumers more than they help them https://after-hours.org/opinion-licenses-hurt-consumers-more-than-they-help-them/ Mon, 20 Jun 2022 17:40:04 +0000 https://after-hours.org/opinion-licenses-hurt-consumers-more-than-they-help-them/ Although North Carolina has become a demonstrably freer place to live and work in the past 10 years, our state remains grossly out of step with the rest of America on one key point: we unnecessarily restrict workers’ freedom. access to new professions and the freedom of consumers to buy goods and services from whomever […]]]>

Although North Carolina has become a demonstrably freer place to live and work in the past 10 years, our state remains grossly out of step with the rest of America on one key point: we unnecessarily restrict workers’ freedom. access to new professions and the freedom of consumers to buy goods and services from whomever they want.

According to the latest assessments from the Cato Institute, North Carolina ranks 40th in the nation for professional freedom. In most of the country, states require fewer professions to be licensed, the requirements they impose are less stringent, and the cost of entering these licensed professions – in cash and time – is much lower.

Why are we erecting such high regulatory barriers to access so many careers? Professional licensing advocates argue that consumer welfare is at stake. Without the quality control that licensing boards represent, unqualified or unscrupulous vendors would take advantage of consumers. They would do a bad job. They would cheat. They would endanger consumers.

Proponents of licensing reform do not deny the presence of incompetence and corruption in the marketplace. Instead, they offer three interrelated reasons for rejecting strict licensing laws as the appropriate response.

First of all, the stakes vary greatly depending on the business. No state allows doctors to perform brain surgery without a rigorous license. But professional regulations extend far, far beyond these obvious cases. In North Carolina, you must be licensed to hold auctions, cut hair, install irrigation systems, or give massages.

Of some 1,100 distinct professions regulated by at least one state, only 60 are regulated by all states. In other words, what is regulated and what is not is largely a matter of economic interest and local politics, rather than anything approaching a serious assessment of material risks and likely benefits.

Second, while it’s certainly true that you could be cheated by a dishonest auctioneer or rubbed the wrong way, so to speak, by a masseuse, getting a license isn’t the only deterrent. such behavior. Locke Foundation analyst Jon Sanders observes that there are many less restrictive remedies, such as disclosure rules, bonding requirements, and voluntary certification (which provides useful information consumers can consider but are not legally required to do so). Licensing is the most extreme option, Sanders says, and should be reserved “for use only in extreme cases.”

In my opinion, the third argument against excessive professional licensing is the strongest: it doesn’t work. It does not achieve its stated purpose of protecting the safety and well-being of consumers. While there are some exceptions, most studies I’ve seen show that places with stricter licensing do not have lower rates of accidents, injuries, fraud, or customer dissatisfaction. to those where the freedom to work is better protected.

Here are some recent examples. In 2011, the state of Illinois tightened its licensing rules for real estate agents. Prospective and current agents had to obtain more training hours to obtain a license, although the latter were given a one-year grace period before their license expired. Illinois also has a robust system for collecting misconduct complaints from home buyers and sellers. A study of the policy change, just published in the journal Labor Economics, found it reduced the number of agents and the number of homes sold in Illinois, but found “no strong evidence that the reform reduced new incidents of misconduct”.

Similarly, a new study published in the Journal of Accounting Research examined an increase in the number of educational hours needed to become a CPA. The new rule clearly reduced the number of people who became CPAs, but found no effect on the quality of services provided.

I think North Carolina should completely eliminate licensing for most of the 319 professions we need them for. Even if the state maintains such regulations, it should at least streamline the process. Too often, licensing is a politicized device to restrict access and raise prices, thereby harming rather than helping consumers. Let’s change that.

John Hood is a board member of the John Locke Foundation. His latest books, “Mountain Folk and Forest Folk,” combine epic fantasy with ancient American history (FolkloreCycle.com).

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Power companies demand Rs 7.9 increase in tariffs – Journal https://after-hours.org/power-companies-demand-rs-7-9-increase-in-tariffs-journal/ Sun, 19 Jun 2022 02:14:18 +0000 https://after-hours.org/power-companies-demand-rs-7-9-increase-in-tariffs-journal/ ISLAMABAD: Electricity distribution companies have demanded an increase of more than 7.96 rupees per unit, to be reflected in July bills, due to the high cost of electricity generated from diesel and fuel oil for May . The Central Power Purchasing Agency (CPPA) has filed an application with the electricity sector regulator stating that the […]]]>

ISLAMABAD: Electricity distribution companies have demanded an increase of more than 7.96 rupees per unit, to be reflected in July bills, due to the high cost of electricity generated from diesel and fuel oil for May .

The Central Power Purchasing Agency (CPPA) has filed an application with the electricity sector regulator stating that the total cost of generating electricity from various sources during the month of May was Rs 13.8969 per unity.

However, it was Rs 7.96 above the benchmark of Rs 5.93 per unit set by the National Electric Power Regulatory Authority (Nepra) for fuel adjustment charges.

The CPPA is a market operator facilitating the transition of the electricity market from the current single buyer to a competitive market, and among its responsibilities is the supply of electricity on behalf of the electricity distribution companies (Discos) .

In accordance with legal requirements, Nepra convened a public hearing on the matter on June 27, and all concerned institutions and citizens were invited to the hearing to present their views, mainly against the demands of the CPPA.

But traditionally CAPP’s claims for fuel price adjustments are accepted by the regulator because it is difficult to prove that the high fuel cost was due to negligence or mismanagement on the part of the regulator. ACPP.

The application filed by CAPP highlighted that the most expensive electricity was generated from fuel oil at a rate of Rs 33.67 per unit, and the cost of electricity generated from diesel at large speed (HSD) was 30.09 rupees per unit.

While heating oil and HSD accounted for only 8.99% of the total electricity generated in the country, the high cost of producing regasified liquefied natural gas (RLNG) pushed the overall energy basket rate higher .

The cost of electricity generated from the RLNG was Rs 27.92 per unit, which represents 22.89% of the total electricity generation in the country.

By comparison, the cost of coal-generated electricity was Rs 18.01 per unit, but coal accounted for only 13.77% of total electricity generated in May.

Nuclear power stations were the country’s cheapest source of electricity for the month, costing Rs 1.05 per unit and providing almost 13% of net consumption.

During the month, Pakistan imported a very small amount of electricity from Iran, mainly for the border areas of Balochistan at a price of Rs 18.95 per unit, and a limited percentage of electricity was generated from power stations. captive electric sweets at Rs5. 98 per unit.

CAPP also informed Nepra that there was no power generation from hydroelectric, wind or solar sources in May due to negligible flow from the dams and unfavorable weather conditions.

Meanwhile, in a statement, All Pakistan CNG Association (APCNGA) group leader Ghiyas Abdullah Paracha criticized policymakers for not allowing the private sector to import LNG.

Mr. Paracha said that the CNG sector is the only sector that can import LNG for its own consumption, and with the possibility of having long-term contracts, the sector can import LNG at cheaper rates, which can also be supplied for power generation.

The leader of the APCNGA group said this would help reduce the overall electricity tariff in the country.

Posted in Dawn, June 19, 2022

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The global epigenetics industry is expected to reach https://after-hours.org/the-global-epigenetics-industry-is-expected-to-reach/ Thu, 16 Jun 2022 09:43:39 +0000 https://after-hours.org/the-global-epigenetics-industry-is-expected-to-reach/ Dublin, June 16, 2022 (GLOBE NEWSWIRE) — The “Analysis report of the global epigenetics market size, share and trends by application (oncology and non-oncology), by product, by end-user, by Regional Outlook and Forecast, 2022-2028 Report” has been added to from ResearchAndMarkets.com offer. The global epigenetics market size is expected to reach USD 2.9 billion by […]]]>

Dublin, June 16, 2022 (GLOBE NEWSWIRE) — The “Analysis report of the global epigenetics market size, share and trends by application (oncology and non-oncology), by product, by end-user, by Regional Outlook and Forecast, 2022-2028 Report” has been added to from ResearchAndMarkets.com offer.

The global epigenetics market size is expected to reach USD 2.9 billion by 2028, with the market growing at 14.6% CAGR during the forecast period.

Epigenetics is a field of genetics that examines changes in cellular and physiological characteristics produced by environmental or environmental variables that turn genes on and off and alter the cellular ability to read genes without being influenced by genotype changes. Although the underlying DNA or RNA sequence remains unchanged, epigenetics produces changes in an organism’s phenotype rather than its genotype. Epigenetic alterations are important for development because they are dynamic and change in response to environmental stimuli.

Epigenetics is a cutting-edge field that focuses on discovering and tracking phenotypic changes in genes caused by chromosomal changes without affecting DNA sequence. Although other uses are growing, this field is most often associated with cancer research. Growing institutional and governmental collaboration, as well as funding for the development of innovative disease detection and treatment methods, is expected to drive the demand for epigenetics, thereby propelling the market forward. For example, the University of Southampton and University Hospitals Southampton NHS Foundation Trust (UK) received US$1.57 million (£1 million) in February 2016 for genetics and genomics research in cancer and infectious diseases .

The increasing global prevalence of cancer, along with the increasing use of epigenetics in non-oncological diseases, are two significant factors driving the global epigenetics market. The number of cancer patients is expected to rise from 14.1 million in 2012 to 19.3 million by 2025, according to WHO projections. The number of new cancer cases in the United States rose from 1,685,210 in 2016 to 1,688,780 in 2017, according to the American Cancer Society.

Additionally, factors such as the rising prevalence of cancer have increased the funding for healthcare research and development, and the rise in non-oncology epigenetics applications is expected to help the market flourish further. According to Globocan 2020, 19,292,789 new cases of cancer of all kinds were recorded worldwide in 2020, with 9,958,133 cancer-related deaths. This global and widespread threat of cancer continues to be a significant driving force behind the development of new cancer therapies that facilitate risk assessment, early diagnosis and effective treatment monitoring.

COVID-19 Impact Analysis

Due to the importance of epigenetics in COVID-19 research, Covid has had a substantial impact on the growth of the epigenetics market. According to research published in Clinical Epigenetics in October 2020 titled “Epigenetic Involvement in Coronavirus Infection and Therapy,” epigenetic changes may play a key role in the emergence of coronavirus disease outcomes. Despite the fact that a variety of therapeutic alternatives are being investigated, further research is urgently needed to find a viable vaccine or safer chemotherapeutic drugs, including epigenetic treatments, to fight this viral pandemic and develop pre- and post-exposure COVID-19 prophylaxis.

Market Growth Factors:

Increased demand for DNA methylation

The epigenetics market is driven by DNA methylation, which is the covalent attachment of a methyl group to the cytosine ring, which inhibits transcription. Methylation-sensitive PCR is defined as bisulfite-sensitive modification followed by PCR (MSP). Variations of MSP include real-time PCR for methylation detection, methyl light, and quantitative analysis of methylated alleles. Quantitative methods for DNA methylation are currently available, including allele-specific bisulfite sequencing, southern-based approach, bisulfite pyrosequencing, and bisulfite PCR followed by MALDI-TOF MS. Improvements in technology facilitate the assessment of genome-wide locus-specific DNA methylation, which is driving the expansion of the market.

Increase in cancer incidence

The number of people diagnosed with cancer has increased dramatically all over the world. The number of cancer patients is expected to rise from 14.1 million in 2012 to 19.3 million by 2025, according to WHO projections. Cancer is the second leading cause of death in the United States, accounting for approximately one in four deaths. According to the American Cancer Society, the number of new cancer cases in the United States is expected to increase from 1,685,210 in 2016 to 1,688,780 in 2017, while the total number of cancer-related deaths is expected to increase from 595,690 to 600. 920 during the same period. period of time.

Marketing Restriction Factor:

The massive cost of instruments and the high need for standardization and clinical validation

Epigenetics research instruments are expensive due to their extensive features and functions. Illumina’s NovaSeq 5000 and 6000 sequencers, for example, were released in January 2017 and cost $850,000 and $985,000, respectively. The total cost of ownership is increased by maintenance and a series of other indirect expenses, such as samples and consumables. Consequently, many healthcare institutions are not quick to adopt these instruments. Pharmaceutical companies and research institutes need many of these systems. As a result, large sums of money will be needed to purchase a number of high-priced genomic devices. End-users with tight budgets, such as university research labs, find it difficult to afford such systems.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview
2.1 Presentation
2.1.1 Presentation
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market constraints

Chapter 3. Competitive Analysis – Global
3.1 Cardinal matrix
3.2 Recent Industry-Wide Strategic Developments
3.2.1 Partnerships, collaborations and agreements
3.2.2 Product launches and product extensions
3.2.3 Acquisitions and mergers
3.3 Main winning strategies
3.3.1 Key Primary Strategies: Percentage Breakdown (2018-2022)
3.3.2 Key Strategic Movement: (Partnerships, Collaborations and Agreements: 2018, April – 2021, December) Key Players

Chapter 4. Global Epigenetics Market by Application
4.1 Global Oncology Market by Region
4.2 Global Non-Oncology Drugs Market by Region

Chapter 5. Global Epigenetics Market by Product
5.1 Global Repair Kits Market by Region
5.2 Global Reagents Market by Region
5.3 Global Enzymes Market by Region
5.4 Global Instrumentation Market by Region

Chapter 6. Global Epigenetics Market by End User
6.1 Global Pharmaceuticals and Biotechnology Companies Market by Region
6.2 Global Academic and Research Institutes Market by Region
6.3 Global Contract Research Organization Market by Region

Chapter 7. Global Epigenetics Market by Region

Chapter 8. Business Profiles
8.1 Abcam plc
8.1.1 Company Overview
8.1.2 Financial analysis
8.1.3 Sectoral and regional analysis
8.1.4 Research & Development expenses
8.1.5 Strategies and recent developments:
8.1.5.1 Partnerships, collaborations and agreements:
8.1.5.2 Acquisition and merger:
8.2 Agilent Technologies, Inc.
8.2.1 Company overview
8.2.2 Financial analysis
8.2.3 Sectoral and regional analysis
8.2.4 Research and development costs
8.2.5 Strategies and recent developments:
8.2.5.1 Partnerships, collaborations and agreements:
8.2.5.2 Acquisition and merger:
8.3 Hologic, Inc.
8.3.1 Company Overview
8.3.2 Financial analysis
8.3.3 Sectoral and regional analysis
8.3.4 Research and development costs
8.3.5 Strategies and recent developments:
8.3.5.1 Acquisition and merger:
8.4 Illumina, Inc.
8.4.1 Company Overview
8.4.2 Financial analysis
8.4.3 Regional Analysis
8.4.4 Research and development costs
8.4.5 Strategies and recent developments:
8.4.5.1 Partnerships, collaborations and agreements:
8.5 Merck Group (Merck Millipore)
8.5.1 Company Overview
8.5.2 Financial analysis
8.5.3 Sectoral and regional analysis
8.5.4 Research and development costs
8.6 PerkinElmer, Inc.
8.6.1 Company Overview
8.6.2 Financial analysis
8.6.3 Sectoral and regional analysis
8.6.4 Research and development costs
8.6.5 Strategies and recent developments:
8.6.5.1 Partnerships, collaborations and agreements:
8.6.5.2 Product launches and product extensions:
8.6.5.3 Acquisition and merger:
8.7 Qiagen AG
8.7.1 Company Overview
8.7.2 Financial analysis
8.7.3 Regional Analysis
8.7.4 Research and development costs
8.7.5 Strategies and recent developments:
8.7.5.1 Partnerships, collaborations and agreements:
8.8 Thermo Fisher Scientific, Inc.
8.8.1 Company Overview
8.8.2 Financial analysis
8.8.3 Sectoral and regional analysis
8.8.4 Research and development costs
8.8.5 Strategies and recent developments:
8.8.5.1 Partnerships, collaborations and agreements:
8.9 Zymo Search
8.9.1 Company Overview
8.9.2 Strategies and recent developments:
8.9.2.1 Partnerships, collaborations and agreements:
8.10. Active Pattern, Inc.
8.10.1 Company Overview
8.10.2 Strategies and recent developments:
8.10.2.1 Partnerships, collaborations and agreements:
8.10.2.2 Acquisition and merger:

For more information about this report visit https://www.researchandmarkets.com/r/jxe7gw

        
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The Benefits of Using Electronic Signatures in the Legal Services Industry • LegalScoops https://after-hours.org/the-benefits-of-using-electronic-signatures-in-the-legal-services-industry-legalscoops/ Sun, 12 Jun 2022 18:30:04 +0000 https://after-hours.org/the-benefits-of-using-electronic-signatures-in-the-legal-services-industry-legalscoops/ The global legal services market is expected to reach $788 billion in revenue by the end of 2022, with the United States accounting for more than half of the market. However, despite its immense scale, the legal industry is still relatively archaic in many of its practices, especially when it comes to documentation and record […]]]>

The global legal services market is expected to reach $788 billion in revenue by the end of 2022, with the United States accounting for more than half of the market. However, despite its immense scale, the legal industry is still relatively archaic in many of its practices, especially when it comes to documentation and record keeping.

While many industries have experienced rapid digital transformation, particularly in response to Covid-19, law firms have been somewhat slow to adopt digital practices, relying heavily on paper and physical document storage – but why ?

Simply put, most law firms rely entirely on their reputation to generate new business and attract clients, which often reinforces any risk averse attitude they may have towards adopting new technologies. Additionally, law firms avoid spending time on non-billable work, such as installing new technology systems, because they don’t generate any revenue on their own.

However, this short-term mentality is a huge obstacle to sustaining businesses in the face of the inevitable wave of digitization.

The rise of electronic signatures in the legal sector

Despite the bureaucratic nature of the legal industry, one effective digital solution that is becoming more readily adopted is e-signature, which offers a plethora of benefits to law firms looking to streamline operations and improve efficiency.

Used on legal documents, contractual agreements and invoices, electronic signatures provide law firms with an easy way to connect remotely with their clients while reducing their reliance on paper documents. This, of course, is good news for those who prioritize sustainability.

For those unfamiliar, an electronic signature (electronic signature) is a symbol, usually a person’s name, digitally attached to a form, document, contract, or letter, demonstrating consent. It works the same way as a handwritten signature on a physical letter, except it gives law firms a lot more flexibility when working with clients, plus a bunch of other benefits.

The United States approved the Electronic Signatures in Global and National Commerce (ESIGN) Act in 2000, which, along with the former Uniform Electronic Transactions Act (UETA), establishes that electronic signatures are legally enforceable documents. if all parties choose to sign digitally. Additionally, electronic signatures are legally binding for virtually any business or personal transaction in the world, so there is no legal reason not to use them.

Streamline legal processes

Law firms can use electronic signatures to streamline legal processes in a variety of ways. For starters, regardless of their location, lawyers can now request signatures from clients. Customers from another state or even another country can prepare a document and email it to them for signature.

This eliminates bottlenecks in internal processes that typically arise due to scheduling conflicts caused by an attorney’s inability to meet with clients in person.

Second, with document signing and maintenance taken care of, law firms can shift their lawyers to more critical operations such as maintaining client satisfaction and focusing on billable work.

Faster onboarding with quote approvals

When onboarding new clients, law firms can use vcita’s price estimate generator to get immediate estimate approval. This allows attorneys to quickly establish their fees with new clients, including hourly rates, scope of work, and an approximation of total cost.

While it can be difficult to predict the fees for a case at this stage, the advantage of signing an estimate quickly is that customers are onboarded much faster because they will have already signed the agreement and terms of service.

Using the vcita system, you can attach additional documents to these estimates. Once a quote is accepted and signed, you can quickly start scheduling client appointments and even set up automated recurring billing to bill clients at the beginning of the month for all services performed during the month. previous.

Digital audit trails

Businesses using e-signature are less dependent on paper documents, allowing them to rely on digital document management to store and find what they need when they need it. This improves the visibility of organizational documents, allowing all parties who need access to documents to do so quickly and efficiently.

Additionally, digital documents contain crucial metadata which may include additional information about the eSignature transaction, such as who signed, date signed, place signed, etc.

All of this helps create a digital audit trail that optimizes operations.

Lower the costs

One of the most tangible benefits of adopting e-signatures is the cost savings it offers law firms. Paper documents are expensive to produce, organize and store – from a space point of view as well as from a human resources point of view, and this without considering the equipment and materials required.

Fortunately for law firms, adopting electronic signatures has resulted in cost reductions ranging from 55% to 79%.

Additionally, paperless operations reduce the risk of human error when signing physical documents. And, because digital documents are easily corrected, law firms can ensure a more seamless workflow from start to finish.

Protection of customer data

Businesses can use electronic signatures to store sensitive customer information on secure digital networks instead of conventional paper file systems, which are more difficult to maintain.

Document scanning prevents the loss, destruction or theft of papers and files, ensuring that customer data is always secure.

Additionally, it makes it easier for law firms to comply with regulatory authorities and privacy laws.

Wrap

While there is no doubt that the legal sector is one of the most resistant to new technologies, it is obvious that electronic signatures can bring significant advantages to law firms. From streamlining operations to protecting customer data, it’s hard to argue against the usefulness of e-signatures, especially since they don’t require costly infrastructure upgrades or process radical digital transformation.

In most cases, electronic signatures simply involve using an inexpensive application that makes it easy to produce, sign, and store documents in a compliant manner. Not only will this allow businesses to work remotely with clients and speed up legal processes, but it will also lead to significant cost savings.

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Achiko AG – Publication of the annual report and the https://after-hours.org/achiko-ag-publication-of-the-annual-report-and-the/ Fri, 10 Jun 2022 23:46:11 +0000 https://after-hours.org/achiko-ag-publication-of-the-annual-report-and-the/ ZURICH, Switzerland, June 10, 2022 (GLOBE NEWSWIRE) — ad-hoc andnotohyounment couldrknownanot to Art. 53LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) announces that Achiko will publish its annual report and annual financial statements for the year 2021 on June 20, 2022 at the latest . As a company listed on […]]]>

ZURICH, Switzerland, June 10, 2022 (GLOBE NEWSWIRE) — ad-hoc andnotohyounment couldrknownanot to Art. 53LR – Achiko AG (SIX: ACHI; OTCQB: ACHKF; ISIN CH0522213468) (“Achiko”, the “Company”) announces that Achiko will publish its annual report and annual financial statements for the year 2021 on June 20, 2022 at the latest . As a company listed on the SIX Swiss Exchange, Achiko is required to publish its annual report, as well as the annual accounts, within four months of the balance sheet date.

Due to the Covid-19 pandemic, new staff and training under difficult conditions following the measures taken by several countries required a great deal of management capacity. Accordingly, the publication of the 2021 annual report, together with the annual financial statements and the audit report, will take place in the month of June 2022. Achiko has filed an exemption request with SIX Exchange Regulation (SER) regarding the publication of the 2021 annual report and annual accounts. On April 28, 2022, SER granted Achiko the requested extension. Achiko filed a second extension request with SER regarding the publication of the 2021 Annual Report and Annual Financial Statements. On May 30, 2022, SER granted Achiko the second extension. Achiko filed a third extension request with SER regarding the publication of the 2021 Annual Report and Annual Financial Statements. On June 3, 2022, SER granted Achiko the third extension. Achiko filed a fourth extension request with SER regarding the publication of the 2021 annual report and annual financial statements. On June 10, SER granted Achiko the fourth extension.

The delay is the result of previously announced items, including the continuity of operations in the second half of the fiscal year due to the Covid-19 pandemic and higher than expected manual administrative workload, particularly with regard to documentation. auditory reconciliation.

Prior to the publication of the audited financial statements, the company announces the following key unaudited financial figures:

2021 (in thousands of US dollars) 2020 (in thousands of US dollars)
REVENUE 63 2,806
EBITDA LOSS 8,295 14,217
OPERATING LOSS 9,396 14,069
CURRENT LIABILITIES 6,144 5,496
TOTAL ASSETS 1,914 1,772
EQUITY (4,647) (4,052)

In an earlier announcement on May 19, 2022, the company reported an unaudited Adjusted EBITDA loss of US$5.258 million and noted that stock-based item adjustments were not yet complete. Final unaudited stock-based payments (stock options, interest, financing costs, etc.) amount to $2.711 million and include an interest component of $0.835 million. The difference between the previously reported Adjusted EBITDA loss and the final unaudited EBITDA loss of US$8,295 million is attributable to: (1) US$0.713 million of costs associated with a Swiss subsidiary and the result of the recovery of accounting documents; (2) reinstatement of attendance fees of USD 0.500 million (Board of Directors and Advisory Board attendance fees are largely unpaid, unpaid and majority subordinated); (3) $1.876 million of interest-free share-based payments; and (4) other miscellaneous adjustments.

In total, operating losses in 2021 compared to the previous year reflect continued investments in AptameX™, commercialization in a difficult operating environment and substantial cost reductions in the second half of 2021. Given the company’s position at the end of the year, it focused on the commercialization of AptameX. To this end, and after the end of the reporting period, the company successfully reported AptameX in vivo performance results indicating a highly sensitive and highly specific low viral load test for Covid-19, sales agreements and marketing with the largest Islamic organization in the world, Nahdlatul Ulama in Indonesia, has updated production contracts with its production partner Indofarma in Indonesia, obtaining a CE mark allowing the company to sell AptameX in Europe , and agreed to funding of US$1.25 million in a range of equity and debt instruments.

As required by SER, Achiko hereby reprints par. I of the respective decision of the SER:

“Achiko’s (issuer) waiver request dated June 10, 2022, requesting a fourth extension of the deadline to publish its 2021 annual report and file this report with SIX Exchange Regulation AG until June 20, 2022, is granted. with the following reservation (lit. a) and under the following conditions (lit. b):

  1. SIX Exchange Regulation AG reserves the right to suspend trading in the issuer’s registered shares if its annual report 2021 is not published in accordance with the provisions on ad hoc publicity (Art. 53 of the Listing Regulations [LR] in connection with the directive on event advertising [DAH]) and not filed with SIX Exchange AG until Monday, June 20, 2022, 11:59 p.m. CET, at the latest.
  2. Achiko is required to publish a notice in accordance with the provisions on event advertising (art. 53 LR in relation to the DAH) concerning this decision until Friday, June 10, 2022, 11:59 p.m. CET, at the latest. The notice must contain:
    ˗ the reproduction without modification of the wording of s. I. of this decision, placed in first place;
    ˗ the reasons for the Issuer’s request for a fourth extension of the deadline for publishing its 2021 annual report and filing this report with SIX Exchange Regulation AG.
    – updated unaudited key figures such as net income, EBITDA, EBIT, profit/loss, balance sheet total, equity, etc. for the 2021 annual results.”

The date of the next annual general meeting will be announced in due course, once the Company has published its annual report and annual financial statements for the year 2021.

ON ACHIKO Ag
Achiko AG (SIX: ACHI.SW; OTCQB: ACHKF; www.achiko.com) develops disruptive diagnostic solutions that put people first. The company’s flagship product is a fast and reliable Covid-19 test with a companion app offering a user-friendly digital health passport. The test and companion app were launched in Indonesia in mid-2021 and an application for CE mark approval in Europe will be submitted in 2022.

Achiko creates and develops aptamer-based diagnostics through its biotechnology division, AptameX™ and complementary health applications through its digital mobile health technology division, Teman Sehat™. AptameX DNA aptamer assays can be rapidly chemically synthesized, are cost effective and have broad potential for the diagnosis of several diseases. Leveraging AptameX and Teman Sehat, Achiko aims to provide rapid, accurate and affordable diagnostic tests for a range of pathogenic diseases and therapeutic indications in the rapidly evolving field of healthcare diagnostics.

Based in Zurich, Achiko has offices in Jakarta and staff worldwide.

Mmedia contacts:

ACHIKO Ag
Investor Relations
E: ir@achiko.com

SwissIand & gheybAl
Marcus Balogh
Farner Consulting Ltd.
E: achiko@farner.ch
Such. : +41 44 266 67 67

Disclaimer

Jhis communvsationot expressthere Where Imexplicitly vsohntaIns definitelyInot FWhereward-lookIng statements vsohcerning Achickoh AG yearD thiss Company. Juiceh statisticaleis lyings invOLVe somenot knotohwnot anotD UNkNopewnot risks, underyouainties, anotelser Factors, wHellovsh couldD cause the newsI results, FInotcohnitiohn, byFWheremance, or achieclothings ohF Achickoh AG be materialIand Ifferent Fof any Fyouyouure results, perFormance or accomplishements expressed or impliedD by such FWhereward-lohok Inotg-stateents. Achico AG provides this commUnitedvsatiohn like oF this date and Dwheres not youunderyouake at youpDate anotthere FWhereward-Ioknotg statisticalecomments containeD here as a results ohF notw inFformatIon, future evenotts or ohthewis.

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Low-carbon hydrogen demand in refining could reach 50 Mtpa by 2050 https://after-hours.org/low-carbon-hydrogen-demand-in-refining-could-reach-50-mtpa-by-2050/ Thu, 09 Jun 2022 10:10:07 +0000 https://after-hours.org/low-carbon-hydrogen-demand-in-refining-could-reach-50-mtpa-by-2050/ Demand for low-carbon hydrogen, including blue and green forms, in the refining sector could reach 50 million tonnes per annum (Mtpa) by 2050 as part of green transition efforts, said Wood Mackenzie. Green hydrogen is produced from renewable sources while natural gas produces blue and gray hydrogen. Gray hydrogen is a process similar to blue, […]]]>

Demand for low-carbon hydrogen, including blue and green forms, in the refining sector could reach 50 million tonnes per annum (Mtpa) by 2050 as part of green transition efforts, said Wood Mackenzie.

Green hydrogen is produced from renewable sources while natural gas produces blue and gray hydrogen. Gray hydrogen is a process similar to blue, but carbon dioxide is not captured, while pink hydrogen is produced by electrolysis from nuclear energy.

Petroleum refining is one of the largest markets for hydrogen, accounting for around 32 Mtpy, or 30-35% of global hydrogen demand in 2020, the consultancy said in a report on Thursday.

Hydrotreating and hydrocracking, processes used respectively to reduce the sulfur content of finished products and to increase the yield of transport fuels, are the major processes consuming more than 90% hydrogen in the refining sector.

However, more than 65% of hydrogen demand in refining is met by hydrogen supplied as a by-product from catalytic reformers and ethylene crackers, which is unlikely to be replaced by low-grade hydrogen. carbon, according to the report.

Any drop in hydrogen demand is met by “tailored production” from steam methane reforming (grey) and coal (brown), which together account for about 32% of refinery hydrogen demand .

“Low-carbon hydrogen has the potential to replace hydrogen on purpose as a feedstock if low-carbon hydrogen becomes cost-competitive and political support grows over time,” said Sushant Gupta, director of research at Wood Mackenzie.

“[The] the potential size of the global low-carbon hydrogen market in this segment could reach 10 Mtpy by 2050, resulting in a 10% or 100 Mtpy reduction in global carbon emissions from scope one and two refineries .

However, the real game changer will replace fossil fuels in combustion applications to generate heat and steam, he said.

“This will provide a larger market for low carbon hydrogen in refining with a potential market size reaching up to 40 Mtpa by 2050, and up to 300 Mtpa or a reduction of around 25% carbon emissions, so the total potential demand for low-carbon hydrogen in refining could reach 50 Mtpa by 2050.”

Hydrogen is expected to play a key role in the coming years as economies and industries transition to a low-carbon world to mitigate the effects of climate change.

Globally, the size of the hydrogen industry is expected to reach $183 billion by 2023, up from $129 billion in 2017, according to Fitch Solutions. French investment bank Natixis estimates that hydrogen investments will exceed $300 billion by 2030.

Global demand for low-carbon hydrogen is expected to reach 223 million tonnes by 2050, up from less than 1 million tonnes currently, Wood Mackenzie said in an earlier report.

This will initially be driven by ammonia, which will account for 48% of total demand by 2025, followed by the electricity sector from 2036, which will generate 31% of demand until 2050.

Ammonia is widely used in fertilizers as well as in industrial applications including the manufacture of plastics, textiles, pesticides, automobiles and cosmetics.

Lower costs and high carbon prices are needed to make low-carbon hydrogen competitive with fossil fuel-based hydrogen, the report said.

A much higher carbon price of $100 per tonne to $150 per tonne would be needed in the early 2030s for low-carbon hydrogen to be competitive in the refinery combustion sector.

Alternatively, the cost of green hydrogen must be less than $1.50 per kilogram to compete with burning gas and fuel oil in the long term.

“In addition to lower costs for low-carbon hydrogen, higher carbon prices, financial incentives and stronger policy support will be needed to accelerate adoption by the refining sector,” said Mr Gupta.

“Dedicated national hydrogen roadmaps will help increase the penetration of low-carbon hydrogen across many sectors.”

Refiners will also need to consider additional low-carbon technologies such as electric heating, carbon capture and storage on key carbon-emitting units, and biomass gasification for further decarbonization of the sector, according to The report.

Renewable energy and the use of low-carbon raw materials and products will also help reduce emissions.

Updated: June 09, 2022, 10:07 a.m.

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“I’ve Never Seen This Before” – The Kittson County Enterprise https://after-hours.org/ive-never-seen-this-before-the-kittson-county-enterprise/ Tue, 07 Jun 2022 18:31:38 +0000 https://after-hours.org/ive-never-seen-this-before-the-kittson-county-enterprise/ Ice completely blocking culverts causes costly damage By Anna JauholaA strange situation has developed in Poppleton Township northeast of Lancaster.Kittson County Commissioners learned on Tuesday, April 19, that two concrete culverts were completely blocked by ice. This forced the water in the ditch to cross Township Road 68 and cause damage around the culverts. The […]]]>

Ice completely blocking culverts causes costly damage

By Anna Jauhola
A strange situation has developed in Poppleton Township northeast of Lancaster.
Kittson County Commissioners learned on Tuesday, April 19, that two concrete culverts were completely blocked by ice. This forced the water in the ditch to cross Township Road 68 and cause damage around the culverts. The township’s Dennis Anderson contacted the county about the situation, leading the highway department to get involved.
“Because we inspect township culverts and bridges, we went there,” said Keith Klegstad, assistant county engineer and bridge inspector. “It’s two 9 foot by 5 foot culverts on State Ditch 84. …I’ve never seen this before. It’s a solid block of ice 9 x 5 through and through. It doesn’t let any water through.
On Tuesday, April 12, the state authorized disaster declarations due to inclement weather that swept through the region. The commissioners approved Resolution 22-14, a disaster declaration for a severe weather incident. With state approval, the township will receive 75% reimbursement of damage and repair costs.
Since the ice in the culverts impedes water flow, it took other routes, including through the embankment where it washed aggregate around the pipe and possibly below. Klegstad said there were cracks in the road between the two pipes, which is a direct sign of an impending road collapse once the frost thaws.
Klegstad said half a mile south of the ditch is a water control structure operated by the Two Rivers Watershed District, which is used to release that water into the Two Rivers.
Poppleton Township officers closed the road on Thursday, April 14, placing barricades at each end. However, due to the severity, Klegstad notified the State Bridge Office, which recommended placing Type 3 barricades with flashing lights. These barricades are much more difficult to move and provide more security for the general public.
Klegstad said the township road sees local traffic, especially cattle ranchers, but is not a mail or bus route.
Although there is no estimated cost for the repairs, nor a specific plan, Klegstad said it will be significant.
“The riprap between the pipes has disappeared. It’s sunk. Backfill material is washed away,” he said.
He added that there is a similar set of culverts in St. Joseph Township to the north and that this freezing issue did not occur.
“We don’t know if this control structure (of the Two Rivers watershed) located half a mile downstream backed water into (the culvert) and froze. Or, we had hellish winds from one direction then the other, it could be clogged with snow,” Klegstad said. “It’s kind of weird because it didn’t freeze that way.”
In other cases, the committee:
• Approved the hiring of Amey Swenson as Accounting Clerk II in the Highways Department, filling the position vacated by Kris Thorlacius. Swenson is making a lateral move from the Tax Services Office to the Highways Department and will remain at the same salary and grade, which is currently subject to union negotiations. Once these are finalized, the expected wage will be $22.06 per hour. She will tentatively start in this position at the beginning of May.
• Approved the hiring of Jason Christian as Grader Operator to fill the position vacated by Dana Olson, who is now the Maintenance Foreman. This is a lateral move for Christian and he will keep the same salary of $25.17. His start date was officially Tuesday, April 19.
• Approved advertisement for a new grader position.
• Approved the low bid for countywide restriping from SIr Lines-A-Lot of Edina, Minnesota, for $64,680.95. It’s over budget by about $9,000, but county engineer Andrea Weleski said, “That’s going to be normal for all of our offerings.” Overall, this is what we see on all our contracts, which is unfortunate.
• Approval of bids from River in a Valley Farms for roadside mowing in five of the county’s seven mowed areas. It was the only bidder for the job and the cost is $58,535. The county budgeted $78,400 for mowing this summer, so the lowest bid is because no one offered to mow the northwest and midwest areas. Weleski said summer help from the highway department will likely be able to handle mowing those sections because it’s a single cut.
• Approved equipment leases, which are figures submitted for various items by a number of area contractors and used only when the county may need them, Weleski said. Commissioner Nathan Kraulik abstained from voting because his company, Kraulik Excavating, was one of the contractors on the list.
• Approval of Kittson County as the financial agent of the Kittson County Pioneer Snowmobile Club, specifically for trail maintenance.
• Approved the finalization of the County Tobacco Ordinance Amendment, which was to be open for public comment for 30 days. No one commented and the change in the legal age to purchase tobacco products went from 18 to 21.
• Approved assessor Heather Bruley’s request for a 2022 tax abatement for a homestead that should have been expanded. The abatement will reduce property taxes from $962 to $487.
• Reappointed Wayne Jacobson as County Veterans Services Officer for another four years.
• Approved moving the Forfeited Land Auction to Thursday, April 28 at 11:00 am. It was originally scheduled for Wednesday, April 13, but was canceled due to bad weather.
The next meeting is scheduled for Tuesday, May 3 at 9 a.m.

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Fintech for every trader | Enterprise standard column https://after-hours.org/fintech-for-every-trader-enterprise-standard-column/ Sun, 05 Jun 2022 16:28:00 +0000 https://after-hours.org/fintech-for-every-trader-enterprise-standard-column/ With 25.5 billion real-time payment transactions in 2020, India surpassed all other countries, according to a report by ACI Worldwide. It was followed by China (15.7 billion) and South Korea (6 billion), with the United States in ninth place with only 1.2 billion transactions. Growing customer acceptance of digital payment technologies, merchant […]]]>


With 25.5 billion real-time payment transactions in 2020, India surpassed all other countries, according to a report by ACI Worldwide. It was followed by China (15.7 billion) and South Korea (6 billion), with the United States in ninth place with only 1.2 billion transactions. Growing customer acceptance of digital payment technologies, merchant education and acceptance, and state-backed programs have played a crucial role in our dominance.


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First published: Sun 05 Jun 2022. 21:58 IST

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