Month: May 2019

One more candidate for president — this time of Taiwan

Arthur I. Cyr

  • Arthur I. Cyr is Clausen Distinguished Professor at Carthage College and author of “After the Cold War.” Contact  him at [email protected]

Terry Gou, founder and long-time chief executive of electronics giant Hon Hai Precision Industry Company, well known by the trade name Foxconn Technology Group, has dramatically declared as a candidate for the presidency of Taiwan. His blunt, argumentative style is already prominent in political and other public events.

Gou started the company in 1974 as a small manufacturer of plastic control dials for television sets. Foxconn has steadily expanded relentlessly over the last four and a half decades to become a global giant. The company has achieved great success in electronic gaming, computers, smartphones and other tech sectors. Competition is ruthless in these markets.

A massive new investment in Southeast Wisconsin by Foxconn is both an economic opportunity and source of ongoing political controversy. Currently there is an indication the company may cut back the projected investment. Wisconsin government underwriting of the investment of approximately $3 billion, along with the disruptions that accompany Foxconn construction, has fueled the controversy.

Elsewhere in the world, Foxconn has run into trouble regarding working conditions. In mainland China, there have been incidents of some workers committing suicide. 

Gou is seeking the nomination of the conservative Kuomintang (KMT) Party. His father was a provincial police officer who fought for the Nationalist army of General Chiang Kai-shek in China’s long civil war with the Communists. Gou’s business success from poor beginnings is striking.

Terry Gou, chairman of Foxconn Technology Group, spoke Feb. 2 in Taiwan during the company’s Chinese New Year carnival. Gou told the throng that he’s been in talks with U.S. President Donald Trump about the U.S.-China trade war, which Trump initiated last year.

Exactly three years ago, Tsai Ing-wen was inaugurated as president of Taiwan. She is the first woman to hold this top government position, a historic milestone of tremendous importance.

Her Democratic Progressive Party (DPP) is formally committed to independence from China. So far, both sides have peacefully…


Deep Dive: What is Ravencoin?

Comfortably nestled among the top 50 cryptocurrencies on CoinMarketCap, Ravencoin (RVN) is one of the more exciting crypto projects in the industry. The cryptocurrency, whose name is inspired from the small black birds in George R. R. Martin’s fictional world of Westeros was one of the strongest performers during the course of the 2018 bear market and recently created a new ATH making it one of the most interesting cryptocurrencies to always keep a keen eye on.

Hatching the Egg: The…

Read more…

How to buy Bitcoin in Brazil

If you want to buy Bitcoin in Brazil, there’s a wide range of options available. Both local and international exchanges enable Brazilian users to buy Bitcoin. The five largest Brazilian crypto exchanges have a daily transaction volume of over R$8.3 million (almost US$2.2 million).

More and more Brazilians are turning to Bitcoin. Last month, the most powerful economy in Latin America registered a record Bitcoin trading volume of 100,000 BTC in 24 hours.

Here’s how you can buy Bitcoin in…

Read more…

Estonia toughens its cryptocurrency regulations

The Estonian government has approved a bill to toughen regulations which cover the activity of virtual currencies.

“We have learned our lesson from the banking sector the hard way, and we must now deal with new international risks, and cryptocurrencies are amongst the most urgent of these,” said Estonia’s minister of finance, Martin Helme.

The bill introduces a number of formal obligations for granting virtual currency activity licences to service providers active in the…

Read more…

Bancor had a front-running problem, so it hired one of the manipulators to fix it

What’s a decentralized exchange (DEX) to do when a pesky front-runner is ripping off your clientele? You hire him.

That’s exactly what decentralized exchange Bancor, which prefers to be referred to as a “liquidity network,” did when users of its platform noticed that a trader was jumping in front of other users’ market orders. Front-running is a type of market manipulation and a common practice on Wall Street, ranging from large banks trading ahead of their clients’ orders to turn a profit to…

Read more…

Explainer: ‘Privacy coin’ Monero offers near total anonymity

LONDON (Reuters) – Bitcoin’s share of the cryptocurrency market is sliding, with a host of alternative digital coins gaining ground as developers race to create digital cash that can gain a footing in mainstream commerce and finance.

FILE PHOTO: The Monero cryptocurrency logo is seen in this illustration photo January 8, 2018. REUTERS/Thomas White/File Photo

As these “altcoins” grow in prominence, Reuters is publishing a series of stories that examines the features and characteristics…

Read more…

Interest in cryptocurrencies increases in country

By Leman Mammadova

Cryptocurrencies do not have any government or control mechanisms, which requires to address security and risks associated with the use of digital currencies. Azerbaijan tries to carefully establish frameworks to ensure fair and reasonable cryptocurrency classification and taxation due to the anonymity and decentralized nature of crypto transactions.

Interest in cryptocurrencies has grown in Azerbaijan due to the increase in the cost of Bitcoin, a cryptocurrency expert Omar Gurbanali said.

The expert noted that judging by the correspondence and activity in various groups, there are about 5,000 cryptocurrency users in Azerbaijan.

In his words, there is interest in the exchange rate of Bitcoin, the general process of its mining, and Internet search engines are used for this purpose. However, there is no big consumer mass of cryptocurrencies in…


Harvest Bible Chapel apologizes for suing journalist, former members, Evangelical Christian Credit Union

Harvest Bible Chapel
Harvest Bible Chapel in greater Chicago. |

The elder board of Harvest Bible Chapel formally apologized to independent journalist Julie Roys and several former members, months after joining founder James MacDonald in a defamation lawsuit accusing them of publishing false information about the church’s management and finances last fall.

“Regarding the lawsuit against Julie Roys and The Elephant’s Debt, at the time, Harvest leadership had grown weary of continued negative, and what was then believed to be untrue, commentary towards the church.  As a result, in the fall of 2018, former staff leadership strongly recommended, and after much deliberation the elder board approved, pursuing legal action with the belief that this was protecting the church,” a new HBC elder board said in a statement Tuesday.

“While scriptures were sought and a biblical rationale was given at the time, the elder board now believes that this action was sinful.  We have repented before the Lord and sought His forgiveness,” the board added.

The church then shared the apology sent to Roys, and former members Scott and Sarah Bryant as well as Ryan and Melinda Mahoney.

HBC’s former complaint against the group alleged that Ryan Mahoney was a Harvest Christian Academy teacher until 2010 when the church didn’t renew his contract for allegedly negating MacDonald’s sermons in his classroom, and offering a cynical view of the church and its culture.

Mahoney allegedly met Scott Bryant at the church, who also became “equally divisive after being declined a teaching opportunity that he repeatedly pursued.” Both men allegedly stopped attending the church at the same time, and “began publishing negative and defamatory information about Harvest” on Bryant’s personal website called Blood Stained Ink, which would eventually become The Elephant’s Debt, launched in October 2012.

The website alleged that the church was $70…


Join the Community