July 3, 2019

Law & Order

Virginia Lt. Gov. Justin Fairfax resigns from law firm amid sexual assault allegations

Facebook's cryptocurrency project Libra could appeal to some progressive lawmakers

The lieutenant governor of Virginia is retiring from a law firm where he has worked since last year amid accusations of sexual assault against him.

Justin Fairfax has been absent from Morrison & Foerster since February after two women publicly accused him of assaulting them in 2000 and 2004. The firm said he had conducted an internal investigation into Fairfax and found no evidence of misconduct during his employment.

Justin had cooperated fully with the investigation said by a man from the firm in a statement to Fox News. He also concluded that their investigation was done and Justin’s license has ended and which was informed to them by Justin. However, Justin has decided to leave the firm and the decision was respected by the company.

Vanessa Tyson, one of Fairfax’s accusers, said that she forced her to have oral sex during 2004, Democratic National Convention in Boston. She said Virginia’s lieutenant governor took advantage of her past as a survivor of “incest.”

Justin Fairfax accuser says the data is found in your case: “pure cowardice”
Meredith Watson claimed that Fairfax raped her in 2000 when they were both students at Duke University. Fairfax denied the accusations and said that both meetings were consensual.

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Real Estate

Marcus Investments expands real estate fund to $80 million

Marcus Investments expands real estate fund to $80 million

Marcus Investments LLC has expanded the size of the real estate fund it is currently raising to $ 80 million, the company said in a recent filing with the SEC.

Marcus’ family office in Milwaukee planned to raise $ 60 million for Marcus RE Fund I LP, but investor interest was high, said by Chris Nolte.
Nolte said that they have expanded the increase gave the initial reactions of the market around it. He thinks it is a good idea.

The fund would invest in Midwestern retail “power centers” with funds contributed by family offices, consultants, wealth managers and institutions. The fund is expected to close on October 1 stated by Nolte.

The real estate division of Marcus Investments, Berengaria Development, actively invests in power centers, and has added 850,000 square feet worth $ 125 million to its portfolio in the last 20 months, including Grafton Commons.

Nolte also stated that they are really like the community and they also like the combination of tenants that they have. As they are managing with the vacancy which was created by Best Buy Game.

Nolte said that he has faith on Berengaria’s sales strategy. In his statement he said that everyone has heard about decline in retail but it is not true.

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Operator of Newly Launched Binance US Appoints Former Ripple Exec as New CEO

Operator of Newly Launched Binance US Appoints Former Ripple Exec as New CEO

The US-based Binance Crypto Exchange operator appointed the former Ripple executive as its new CEO which was announced on July 2.
BAM Trading Services (BAM), the operator of the Binance US has hired Catherine Coley, a former liquidity management expert at Ripple.

Coley served as Director of XRP Institutional Liquidity, her most recent position before Binance in the United States her experience includes experience in foreign exchange. Five years in the financial services company Morgan Stanley with one year in the commercial bank Silicon Valley Bank Binance, currently the largest encryption exchange per adjusted daily trading volume, has officially announced the launch of Binance US in partnership with BAM on June 13. After the launch, Binance subsequently restricted services to US-based customers, in the recently updated conditions of use of June 14.

On June 6, Binance confirmed reports that the exchange plans to launch its own stable soon.

Ripple is a major cryptocurrency company that backs XRP, the third largest currency by market capitalization to date. Recently, Ripple CEO Brad Garlinghouse declared that bitcoin (BTC) and XRP are not competitors, arguing that bitcoin is a store of value or “digital gold”. On the other hand, XRP provides an efficient solution to Fiduciary transfers.

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Business & Trade

Gold steadies as stocks surge; growth risks, bets on rate cuts lend support

Gold steadies as stocks surge; growth risks, bets on rate cuts lend support

Gold prices hit a one-week high on Wednesday, boosted by the optimism of safe havens, while hopes for a quicker resolution.

Spot gold advanced 0.5{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} reaching $ 1,425.64 an ounce, at 0711 GMT. At the beginning of the session, gold reached $ 1,435.99, a peak since June 25.

Futures on gold in the United States rose 1.5{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} to $ 1,429.30 an ounce.
The appointment of the leaders of the European Union of the head of the IMF, Christine Lagarde, as a replacement for Mario Draghi at the seat of authority of the European Central Bank, strengthen expectations of easing monetary policy in the bloc.

The traders accepted the decision kicking the yields of the German Bund to 10 years at historical lows.

US President Donald Trump announced on Tuesday the names of two candidates to fill the vacancies on the Federal Reserve Board and stated that he wants lower rates.

SPDR Gold Trust, the world’s largest gold backed exchange trading fund, said its holdings fell 0.2{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} to 798.44 tonnes on Tuesday. However, the shares have gained more than 5{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} in the last month, indicating the interest of bullion investors. Silver fell 0.2{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} to $ 15.28 per ounce.

Platinum rose 0.6{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} to $ 832.60 per ounce which reached a three-month high of $ 1,568 in the previous session.

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Keys to Be Successful in Business Marketing

Business advertising is the point at which a business markets and offers its products and enterprises to different organizations or associations. These different associations may exchange these merchandise and ventures or use them in their own business to help their tasks. Business showcasing is frequently called as modern advertising or business-to-business (B2B) promoting.

The ideal case of Business to business promoting is the vehicle business. Car organizations purchase different extra parts, for example, tires, batteries, gadgets and entryway locks which are produced freely by different organizations and sold straightforwardly to car makers to collect autos.

Indeed, even the Service business is additionally occupied with huge number of business to business exchanges. For instance Companies represent considerable authority in housekeeping offer types of assistance solely to different associations, as opposed to singular customers.

Business-to-client showcasing is the point at which a business markets and offers its merchandise and ventures to retail buyers for individual use. While most organizations that sell legitimately to buyers can be alluded to as B2C organizations. The business-to-shopper as a plan of action contrasts fundamentally from the business-to-plan of action, which alludes to exchange between at least two organizations.

Business advertise (B2B) versus Customer promoting (B2C)

B2C showcasing varies from B2B advertising in various key manners. A Business advertise has not very many clients when contrasted with a purchaser showcase which has enormous quantities of clients. A business advertise normally sells a tweaked item where as a customer showcase sells a homogenous item. A Business to business exchange is an enormous worth exchange as buy amount is exceptionally high where as business to buyer exchange is a little worth exchange. Cost can be haggled in business markets where as cost is typically fixed in customer showcase. Business markets have protracted and complex selling process with numerous chiefs however in buyer advertise purchasing choice are basic and are made by people.

Keys to accomplishment in Business markets are:

1) Value creation and Customer fulfillment

Business starts with esteem creation. It is the prime goal of the business to make and convey an incentive in an effective way which will at last lead to benefits. Worth prompts consumer loyalty. Client experience is a necessary piece of B2B promoting. The client experience is the key brand differentiator, significantly more than the cost and item.

2) Social media showcasing

Web based life showcasing is the point at which an organization utilizes online networking stages, for example, Facebook or Twitter to advertise its item or administrations. Online life showcasing is truly outstanding and productive stages for advertisers. Most internet based life stages have worked in information investigation apparatuses which empower organizations to follow the advancement, achievement, and commitment of advertisement crusades. Organizations address a scope of partners through internet based life promoting including current and possible clients.

3) Mobile promoting

Versatile showcasing is an advanced promoting procedure whose point is arriving at an intended interest group on their Smartphone, tablets, and other cell phones through email, SMS and mixed media messages.

Cell phone utilization has expanded on different occasions during the most recent couple of years, application use has likewise exceptionally expanded. Along these lines, versatile advertisers have progressively exploited Smartphone applications as a showcasing asset. Advertisers intend to advance the perceivability of an application in a store, which will expand the quantity of downloads. This training is called App Store Optimization (ASO).

4) Multimedia Content Marketing

Showcasing utilizing Multimedia content pulls in more clients. B2B advertisers are generally embracing this pattern. The essential driver is the craving to make content additionally captivating, convincing, and shareable than simply the customary modes. The most widely recognized types of visual substance incorporate 360-degree recordings.

5) Effective Personal selling and Executive Branding

Dissemination channel is the way through which the item arrives at the last client. Individual selling is the most favored type of conveyance and advancement utilized by B2B advertisers The venders advance the item through their mentality, appearance and authority item information. Official Branding is the point at which an official exhibits his expert qualities as an approach to pull in the clients. Official marking is otherwise called notoriety the executives. Particularly in B2B conditions, official marking is presently viewed as a need. Senior administration must make and build up their own image picture to pull in new clients.

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