How it would work and who could get money again

A new project presented seeks the withdrawal of AFP 2.0 funds, which has caused a series of questions to its eventual beneficiaries. It proposes “exceptionally, and to mitigate the social effects derived from the State of Constitutional Exception of Catastrophe due to public calamity decreed because of COVID-19”.

Likewise, the writing of AFP 2.0 withdrawal funds It adds that “it authorized the members of the private pension system governed by Decree Law No. 3,500, of 1980, on a voluntary and exceptional basis, to carry out a second withdrawal of up to 10 percent of the funds accumulated in your individual capitalization account of mandatory contributions “.

For this, the portals created and the infrastructure provided by public organizations such as the Superintendency of Pensions, AFP and financial entities, for this AFP 2.0 recall.

Who can request the AFP 2.0 Withdrawal?

They can ask for the second I withdraw all those who keep savings in their AFP accounts. This process would be complementary to the first, so that those who took out in an initial instance, could do it equally in this new process.

Likewise, They will be able to withdraw between 35 and 150 UF (as in the first payment) and those who have savings over the maximum amount, would draw their 10%.

When would this new AFP 2.0 Retreat process begin:

The text proposes that the withdrawal process begin in next december and the Administrators must provide for their affiliates of the same mechanisms for the current process.

It might interest you:

The return of the MacBook 12 “with an Apple Silicon chip in 2020 (iMac in 2021)?

The 12-inch MacBook (which remains available on the Refurb from -ouch- 1269 euros) could make a comeback before the end of the year.

The machine, extremely compact and light, has delighted mobile users who do not need a war machine. According to our colleagues from The China Times, a new iteration responding to the code name « Tonga » and equipped with an Apple Silicon A14X chip (engraved in 5nm by TSMC) would be revealed before the end of the year. The most compact of portable Macs would have at least one USB-C port, display a battery life of 15 to 20 hours and just under a kilogram on the scale.

The new machine could thus be the first portable Apple Silicon Mac to emerge, and would take the opportunity to offer much better performance than the 4.5W TDP Intel chips equipping the original model. As a reminder, the MacBook 12 “was fanless, therefore completely silent, but sometimes overheated, preventing some users pushing the machine to its limits from using it, particularly in overheated rooms in summer.

Journalists also mention the arrival of an iMac ARM with a graphics part integrated into the boosted SoC (code name Lifuka) for the second half of next year.

Does a MacBook 12 “ARM ring a bell?

1266 votes

US: a recession that enriches households!

It was a curious recession that the US economy suffered in the spring of 2020 – an unprecedented collapse in activity, an equally historic surge in unemployment, but after this shock, American households (and not just Jeff Bezos) have seen an increase in their wealth and a surge in their liquid savings. This savings mattress comes from overcompensating for lost earnings from work, a phenomenon that ended in July. The health situation remains uncertain, but nothing justifies such a high savings rate. The dissaving should help support the recovery in the coming months.

With the shock of the coronavirus, nothing is unfolding following the ordinary script of economic crises. We are dealing with the most severe and the shortest of recessions. The same can be said of the stock market crash, 23 days to lose 33%, then three and a half months to exceed the previous peak. The result is that the aggregate measure of household wealth recorded its largest decline in history in Q1, with a decline of 7 trillion (-6%) or the equivalent of 40% of their annual disposable income.1. This correction exceeds in intensity what happened during the financial crisis of 2008, but over a shorter period. At the time, household wealth fell by 11 trillion from Q3 2007 to Q1 2009, almost a year of disposable income.

US: change in household net wealth

The other big difference with the financial crisis is the state of the asset markets. This time, there was no excess in the real estate market and this sector even appears to be one of the most dynamic. Before the shock, the rise in house prices tended to slow down; this phenomenon could be reversed in the short term, which would increase household assets. For its part, the stock market has passed new highs in a context of ultra-low rates and the assurance that the Fed will not raise them on the visible horizon. In Q2, we estimate that household wealth has regained all the lost ground (graph).

Not only are US households richer, but they have an unprecedented amount of liquid savings, which can therefore be used quickly. Thanks to public transfers, the outstanding current accounts increased by $ 1.4 trillion, a jump of 60% since the start of the year (graph).

US: household current accounts

Under these conditions, it should be possible to compensate for the cessation of support measures. In August, credit card transactions did not decline. However, two factors can affect the pattern of consumption. The first is the sensitivity of spending – and therefore the desire for precautionary savings – to health uncertainty. The second relates to disparities between households. Those with the greatest propensity to consume are also those most exposed to cuts in government transfers.

Monetary and fiscal policy

During his speech at the annual Jackson Hole meeting, Jerome Powell (finally) unveiled the new formulation of long-term objectives for monetary policy strategy.

US: Labor market

Let us first note that the mandate remains twofold, aiming at maximum employment and price stability. Concerning the first mandate, the Fed will analyze the “employment deficit compared to its maximum level” and not as previously the “deviations” compared to this level. The difference may seem subtle, but it shows that the Fed doesn’t have to worry about very low unemployment as long as it doesn’t lead to cost and price pressures. Under this new formulation, the cycle of key rate hikes in 2017 and 2018 would not have been justified.

Regarding the second term, the Fed indicates that its inflation target of 2% will be judged “over time”. This formalizes a regime ofaverage inflation targeting where, if inflation has persistently been below target (it has been), then monetary policy should aim for above target inflation. The Fed specifies that this overrun must be “moderate”, without further clarification, because it intends to retain broad discretion in the assessment of possible inflationary risks in the future. We can think of this as an inflation of around 2.5% for a few quarters.

US : Inflation

Finally, the strategy review does not include any element of “controlling the yield curve” by setting long interest rate targets. Recent speeches had shown unambiguously that the Fed sees more disadvantages than advantages in this tool. In short, none of Powell’s announcements come as a surprise, but it gives more weight to the clearly accommodating bias displayed by the Fed and signals that over the horizon of the Fed’s monetary policy projection (2-3 years), no rate hike is likely. The strategy review will now be repeated every five years, with changes if necessary.

To be continued this week

The 4 September, the BLS will release the monthly labor market report for August. The evolution of weekly employment indicators over the past few weeks signals a further moderation in employment gains.

The other important statistics of this re-entry are the ISM surveys in the manufacturing sectors (the 1is) and non-manufacturing (the 3). The 2, the Fed will release the Beige Book in preparation for the September 16 FOMC meeting.

The magistrates heard by the investigators –

The General Inspectorate of Administration and Justice (IGAJ) has started its hearings in the case of corruption accusations between Judge Yaya Amadou Dia and the President of the Kaolack Court of Appeal, Ousmane Kane.

According to L’Observateur, the prosecutor general at the Kaolack Court of Appeal, Alpha Ousseynou Dial, was heard first by investigators from the IGAJ. Then, in turn, the magistrate Ousmane Guèye, adviser within the same jurisdiction, then, the president of the Court of Appeal of Kaolack, Ousmane Kane – who lodged a complaint – faced the investigators the IGAJ.
During his hearing, he returned to his dispute with judge Amadou Yaya Dia, which was said to have arisen from a technical fault committed by his accuser who refused to repair it when his superior asked him to do so.
Hearings continue today with that of Judge Amadou Yaya Dia, as well as the testimony of Chamber President Souleymane Sy.

After the sensational resignation of the president of the Kaolack Court of Appeal Me Ousmane Kane, on Tuesday August 18; the Juge Yaya Amadou DAY, after having acknowledged receipt of his letter of resignation, had served him a written response, accusing him of corruption in a case he was in charge of. Disgusted, the resigning magistrate did not hesitate to file a complaint to wash his honor.

39 missing children found in Georgia

Nearly 40 missing children, believed to be destined for sex trafficking, have been found during a major police operation in the state of Georgia, United States.

Operation “Not Forgotten” took place over more than two weeks and mobilized several police forces.

Among them, police officers specializing in the search for missing children of the US Marshals who roamed the north and center of the state for several days.

26 officially missing children were discovered. Thirteen others were also found, authorities told CNN.


According to State Attorney General Chris Carr, these children were already victims of or intended for sex trafficking.

Nine suspects were arrested during this operation and three others were identified by the police.

Many social workers are mobilized to help traumatized children.


Bad news at Newell’s: Denis Rodríguez broke his Achilles tendon

Today it was confirmed that Denis Rodriguez suffered a ruptured left Achilles tendon, during the preseason that he performs with Newell’s. In this way, it must be operated on next week and will be away from the fields for several months.

The 25-year-old midfielder is thus experiencing his second complex injury to his left leg, as he broke the cruciate ligaments in his knee during his time at River in 2017.

In addition to Lepra and El Millonario, Denis Rodríguez also played in Belgrano de Córdoba, on loan from the Rosario institution for six months.


Ubisoft removes visual of raised black fist amid controversy

The French publisher had borrowed the imagery of the Black Lives Matter movement, or a raised black fist, to associate it with a fictional terrorist group, Umbra, present in the mobile game Tom Clancy’s Elite Squad.

The presence of this visual, seen in the intro cinematic of the game (visible below from the 33rd second), immediately made players react on social networks. Especially since the Umbra group, in the game, aims to “take advantage of escalating civil unrest to create more chaos and weaken governments.

Ubisoft reacted to the controversy, via its Twitter account.

“The imagery that appears in the opening video footage of Tom Clancy’s Elite Squad showing a raised fist was callous and hurtful both in its inclusion and the way it was portrayed.”

We listened and thank the players and the community who made it clear to us and we apologize”, Continues the editor. “This ‘raised fist’ image will be removed in the next title update this Tuesday, September 1 on Android, and as fast as possible on iOS.

  1. But as Kate Danvers points out on Twitter, Ubisoft’s apologies go wrong. In particular, because the company had supported the Black Lives Matter movement last June, and the raised fist symbol was most likely already integrated into the game.

So when you tweeted your statement back in June, was that game already in development or the idea of ​​exploiting and enjoying the movement came afterwards? Ubisoft did not respond to Kate Danvers.

Tech billionaire Elon Musk’s fortune approaches $ 100 billion despite pandemic Propelled by his actions in Tesla according to Forbes

Tech billionaire Elon Musk is getting closer and closer to $ 100 billion (nearly half of Jeff Bezos’ fortune estimated at $ 199.3 billion by the same barometer), according to the Real-Time Index Billionaires from Forbes, which places it in fifth position worldwide, while the shares of electric car maker Tesla Inc see their value multiplied by five this year. Much of his wealth comes from the 21% stake in Tesla, according to Forbes. Tesla’s shares, which went public at $ 17 a unit in 2010, rose 3.5% on Friday, August 28, to a record high of $ 2,318.49. Elon Musk therefore approaches the elite whose fortune in billions of dollars can be counted in hundreds.

Note that in January, Tesla had already broken a record crossing for the first time the $ 500 per share. This unexpected growth in Tesla’s share value, analysts say, is due to a number of factors including the company achieving a net profit of $ 143 million in the third quarter, delivering stronger than expected deliveries in the fourth quarter and has opened a new Gigafactory Shanghai in China for the production of its Y compact sport utility vehicle. These combined actions would therefore have given investors much more confidence in Tesla.

Between June and September 2019, Tesla delivered 97,000 electric vehicles to its customers. It was a new record for the 10-year-old manufacturer and excellent performance for its Model 3 sedan, with approximately 6,000 cars per week found new homes during the quarter. Tesla announces third quarter 2019 profit of $ 143 million. Other figures for the third quarter of 2019 show that, at the end of September, the company had $ 5.3 billion in cash and cash equivalents and $ 371 million in operating cash.

For comparison, Tesla lost $ 408 million in the second quarter of 2019, after even larger losses in the first quarter of 2019. In an investor presentation, Tesla said this new profitability was possible at the cost of cost suppression. substantial for our business. Although average selling prices have declined (consumers are buying many more variants of the cheaper Model 3 and much less of the Model 3 or Model S or X), Tesla said its automotive gross margin is now 22.8 %. It is therefore higher than it was previously during the same year.

En dbut d’anne, Tesla sets market capitalization record ; Tesla’s market capitalization (about $ 91.8 billion in January 2020) was greater than the sum of the market values ​​of General Motors ($ 49.9 billion in January) and Ford ($ 36.6 billion in January ). The company could boast of being the most important vehicle manufacturer of all time in the United States as it broke the record of $ 80.81 billion set by Ford Motor Co. in 1999.

Elon Musk also founded SpaceX, the first private company to be entrusted by NASA with the launch of the fuse manufactured by him. In June, SpaceX launched the first private space flight and suit. Bob Behnken and Doug Hurley, two American astronauts joined the ISS, the International Space Station, almost 20 hours after the successful takeoff from Kennedy Space Center in Florida.

Bob Behnken and Doug Hurley became the first astronauts to launch into space on a private jet, but they also became the first pilot a spaceship using only touch screen controls.

This launch can be considered so historic for the United States. Indeed, the accident of the space shuttle Columbia in 2003, which results in the death of its crew, calls into question the use of the American space shuttle. In 2004 the American space agency, NASA, decided to stop its flights in 2010. It was therefore obliged to develop means of transport to resume the missions assumed until then by the shuttle: the refueling of the space station in consumables (food, water, oxygen, fuel), the transport of spare parts for the internal or external structures of the station, the sending of scientific experiments to install inside and outside the station, the return of spare parts and results of experiences on Earth as well as the relief of crews.

SpaceX began its flight software development with a combination of VxWorks for the mainframe and Linux to run the communications gateways, but continued to use highly customized Linux throughout after familiarizing itself with the real-time progress of fixes. Linux scheduler and kernel. The reasons for choosing Linux included the availability of source code and therefore programmability, its stability at the enterprise level, the availability of real-time software patches, and its large user community.

SpaceX uses Linux on their main flight computers for the Dragon spacecraft and the Falcon 9 launcher, as well as for their test vehicles, such as the Grasshopper. Their version of Linux is based on the 3.2 kernel with real-time fixes. Only the features necessary for the SpaceX implementation have been transported from the original kernel – only about 10-15% of the original code. SpaceX also made its own mission-specific changes to the kernel, and custom pilots have also been added. The kernel has been carefully evaluated, especially focusing on the performance of the scheduler

Elon Musk also co-founded Neuralink in 2016, a neurotechnology startup whose goal is to develop electronic components that can be integrated into the brain, for example to increase memory, better control terminals, help cure neurological diseases such as Alzheimer’s, dementia as well as lesions of the spinal cord and possibly to better combine the brain and artificial intelligence.

An implantable device can actually solve these problems, Musk said in a webcast Friday in which he presented the latest advances in his connected brain project, mentioning conditions such as memory loss, hearing loss, depression and insomnia.

The company provided a demo of the technology. Musk said the purpose of this presentation was recruiting and not fundraising or any other kind of promotion: We are not trying to fundraise or do anything else, but the primary focus is to convince great people to come and work at Neuralink and help us bring the product to maturity – make it affordable and reliable, and make it possible for anyone who wants to benefit from it, he said.

Musk presented what he described as the three little pigs demo . Of the three pigs, one (a sow christened Joyce) had no implant, a second (a sow christened Gertrude) had an implant (which Musk called the Link) for two months already, and a third (a sow christened Dorothy) had an implant. implant which was subsequently removed (to show that the operation was reversible).

The prototype was connected to the snout of the animal. Musk showed a notch that played a sound and showed a visual spike whenever the Link detected that Gertrude was in contact with something with her snout as she walked around the pen and sniffed the ground for food.

Musk closed this part of the presentation by noting that the company is getting ready for the first human implantation soon, pending required approvals and further safety testing.

The Forbes Real-Time Billionaire Rankings track the daily highs and lows of the world’s richest people. The Wealth Tracking Platform provides ongoing updates on the net worth and ranking of every individual confirmed by Forbes as a billionaire. The value of public holdings of individuals is updated every 5 minutes when the respective stock markets are open (with a 15-minute delay for stock prices). People whose fortunes are heavily tied to private businesses will see their net worth updated once a day.

Source : Forbes