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Big on Bitcoin: Caruso now largest real estate firm to accept rent in cryptocurrency

first_img Share via Shortlink Tags Rick Caruso (Getty, iStock)Rick Caruso’s eponymous real estate firm is embracing cryptocurrency.The Fairfax-based investment company will begin accepting rent payments in Bitcoin across its retail and commercial properties, according to the Los Angeles Times.The firm also said it spent 1 percent of its cash reserves on Bitcoin and entered a partnership with Gemini, a cryptocurrency exchange led by Tyler Winklevoss.“We’ve allocated a percentage of what would normally go into the capital markets into Bitcoin,” Caruso said, in an interview with CNBC.The move makes Caruso the largest real estate operator in the U.S. to accept Bitcoin for rent payments, according to Coindesk. The company’s Southern California holdings include the Grove mall, Miramar Beach Resort and the 240-unit Americana at Brand luxury rental complex.ADVERTISEMENTHow many tenants will choose to pay in that currency remains to be seen. Its value fluctuates sharply — in the last three months a Bitcoin was worth between $30,000 and $60,000. As an example: A year ago, one Bitcoin traded below $5,000. Today, it’s worth more than 10 times that price.Caruso isn’t the only investor to move into cryptocurrency. Morgan Stanley opened up access to Bitcoin for its wealth management clients earlier this year. And Goldman Sachs is expected to offer clients cryptocurrency investment vehicles in the near future.Bitcoin is sometimes accepted in smaller real estate deals. In January, a New York City bar owner listed two properties that could be purchased in Bitcoin. And the owner of Miami Beach’s Treehouse nightclub listed the property in March, with cryptocurrency or cash accepted.In February, Rick Caruso listed his Malibu mansion for sale. He listed the 7,200-square-foot home for $40 million in February, or roughly 693 bitcoin today; no word if he’ll accept the currency as payment.[LAT] [CNBC] — Dennis Lynch Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink BitCoinCarusoReal Estate and FinanceRick Carusolast_img read more

NAFCU commends FCC focus on scam robocalls, presses for CU relief

first_img continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU’s Ann Kossachev, in a letter Tuesday, reiterated the association’s support of the Federal Communications Commission’s (FCC) efforts to target illegal robocalls and urged more clarity and flexibility so credit unions can contact their members without fear of violating the Telephone Consumer Protection Act (TCPA).“NAFCU stresses the importance of targeting the bad actors engaged in such activities while recognizing that small, community-based, cooperative financial institutions, like credit unions, play no part in such illegal communications,” Kossachev, NAFCU’s regulatory affairs counsel, wrote in a letter to the FCC. “Credit unions do not harass consumers; their communications are simply an attempt to inform their members about essential financial information on their existing accounts.”Kossachev was responding to the agency’s request for further clarifications and comments regarding an earlier rulemaking to allow voice service providers to block certain calls originating from invalid or unassigned numbers, which would help target scam robocalls.last_img read more

The top 10 books on Apples iBooksUS

first_imgiBook charts for week ending December 23, 2018: (Rank, Book Title by Author Name, ISBN, Publisher :iBooks US Bestseller List – Paid Books1. Becoming by Michelle Obama – 9781524763152 – (Crown)2. The Last Anniversary by Liane Moriarty – 9780062008671 – (Harper Perennial)3. The Terminal List by Jack Carr – 9781501180835 – (AtriaEmily Bestler Books)4. One Day in December by Josie Silver – 9780525574705 – (Crown Archetype)5. The Reckoning by John Grisham – 9780385544160 – (Knopf Doubleday Publishing Group)6. Educated by Tara Westover – 9780399590511 – (Random House Publishing Group)7. Where the Crawdads Sing by Delia Owens – 9780735219113 – (Penguin Publishing Group)8. Can’t Hurt Me by David Goggins – 9781544512266 – (Lioncrest Publishing)9. Long Road to Mercy by David Baldacci – 9781538761557 – (Grand Central Publishing)10. Past Tense by Lee Child – 9780399593529 – (Random House Publishing Group) (copyright) 2018 Apple Inc.____The Associated Presslast_img read more

School buses cancelled in Dawson Creek but running Chetwynd

first_imgDAWSON CREEK, B.C. – School District 59 has cancelled buses in Dawson Creek for the third day in a row.The extreme cold weather continues to cause the problems for the District. The good news is buses will be running on Wednesday in Chetwynd.School District 60 announced Tuesday afternoon that buses would be cancelled on Wednesday for the third day in a row. The extreme cold weather warning remains in place for the entire B.C. Peace.last_img

The BC Oil and Gas Commission expands seismic monitoring

first_imgThe one pictured (dubbed MONT8) is just West of Tower Lake.Natural Resources Canada; CLICK HEREGeoscience BC; CLICK HERE FORT ST. JOHN, B.C. – The BC Oil and Gas Commission (BCOGC) is expanding its seismic monitoring in the northeast.As posted to the BCOGC Twitter account, eight seismic monitoring stations have been added throughout the northeast in partnership with Pacific Geoscience Centre (a division of @NRCan) & @GeoscienceBC.This expands the public network in B.C. to 19 stations.last_img

Liberals deliver appeal to youth who helped carry them to government in

first_imgAnd today, the Liberals are making the case young voters should stick with the governing party because of its pledges to increase Canada Student Grants, extending the interest-free grace period on student loans, and plans to improve affordability across the country.Liberal Leader Justin Trudeau didn’t make any public appearances today, but the party noted that early voting is available on some university campuses from today until Wednesday — part of an expanded program from Elections Canada.Research from Abacus Data suggests Canadians between the ages of 18 and 38 are the largest voting bloc in this election at around 37 per cent of the total electorate.This report by The Canadian Press was first published Oct. 5, 2019.The Canadian Press OTTAWA — The Liberals are ramping up their get-out-the-vote push with a message targeting younger Canadians.Young voter participation jumped by over 18 per cent in 2015, with around 57 per cent of eligible voters aged 18 to 24 casting a ballot.That level of participation among youth was credited as a significant contributing factor in the Liberals’ majority victory.last_img read more

Fix to 737 MAX antistall software is ready Industry sources

first_imgNew York: A fix to the anti-stall system suspected in the crash of a Boeing 737 MAX 8 jet that killed 189 people in Indonesia is ready, industry sources said Saturday, as the company tries to avoid a lengthy grounding of its planes. Boeing was due to present the patch to officials and pilots of US airlines — American, Southwest and United — in Renton, Washington state, where the plane is assembled, other sources said. “Boeing has already finalized the necessary corrective measures for the MAX,” an aviation sector source told AFP on condition of anonymity. The Federal Aviation Administration (FAA) will receive the patch “early next week,” a government source added. Asked how long the certification process could take after the patch is in the hands of the authorities, this source said that nothing has been decided yet. The FAA declined to comment. The Lion Air crash in Indonesia last October and another accident this month involving an Ethiopian Airlines jet, which killed 346 people between them, have raised major concerns about the safety certification of the 737 MAX 8 model. The Ethiopian Airlines crash on March 10 led to the global grounding of 737 MAX planes. Although it will take months to determine the exact cause of both crashes, investigators in the Lion case have honed in on the MCAS automated anti-stalling system designed to point the nose of the plane downward if it is in danger of stalling, or losing lift. American Airlines and Southwest pilots were set to test simulators with the updates on Saturday, according to the sources. Boeing neither confirmed nor denied the information. The FAA had given until April for Boeing to make the necessary changes to the critical anti-stall system, and on March 15 two anonymous industry sources told AFP the upgrade would be ready in about 10 days. A spokesman for United Airlines, whose fleet includes 14 of the 737 MAX 9 planes, confirmed the company’s attendance at the training session. Southwest and its SWAPA pilots union “have subject matter experts from our Technical Pilot Team and Training Teams headed to Boeing to review documentation and training associated with the modification to the B737 speed trim system,” a spokeswoman said. The company is one of the biggest 737 MAX 8 customers, owning 34 of the planes. “We’ve been working diligently and in close cooperation with the FAA on the software update. We are taking a comprehensive and careful approach to design, develop and test the software that will ultimately lead to certification,” a Boeing spokeswoman said. “There will be training provided by Boeing.” In addition to the software modification, the industry sources said Boeing has also finalized updates to its flight and pilots’ training manuals, as the FAA asked. “We have been engaging with all 737 MAX operators and we are continuing to schedule meetings to share information about our plans for supporting the 737 MAX fleet,” the Boeing spokeswoman said, declining to confirm the timeline for the changes. In another modification, the 737 MAX will be outfitted with a warning light for malfunctions in the anti-stall system, an industry source told AFP on Thursday, standardizing a feature previously sold as an optional extra. Neither the Lion Air aircraft nor the Ethiopian Airlines jet had the feature, the industry source said. US and Ethiopian authorities have said this month’s crash of Ethiopian Airlines Flight ET302 near Addis Ababa bore “similarities” to last year’s Lion Air crash. Since the Ethiopian crash, pressure has intensified on Boeing and the image of the company — which also makes combat aircraft and space equipment — has been eroded. Share value of the firm, which says it is the world’s largest aerospace manufacturer, has dropped 12 percent since the accident, wiping out 28 billion in market capitalization Boeing and the FAA are under investigation by the Transportation Department over how the rollout of the jet was handled, including the anti-stall system. The acting FAA head is among transport officials who are to testify on Wednesday before a congressional subcommittee. Questioning is likely to focus on tight links between Boeing and the regulators, who maintain offices in the airplane factories and delegated a large part of the certification process for the 737 MAX and its anti-stall system to employees of Boeing, sources said. Press reports say that the Department of Justice has also opened a criminal investigation into the 737 MAX’s development. Ralph Nader, the veteran US consumer protection advocate who lost a relative in the Ethiopia crash, called Friday for an organization to defend passengers’ rights.last_img read more

TMC alleges central forces intimidating voters

first_imgKolkata: The Trinamool Congress Sunday alleged that the central forces were “brutally torturing” and “intimidating” voters in West Bengal and acting as per orders of BJP leaders. In a statement, Trinamool Congress lawmaker Derek O’ Brien said, Bengal wants peaceful polling, which BJP doesn’t. “Today, in Bengal, central forces are brutally torturing and intimidating common citizens, especially the marginalised. Even physically handicapped persons are being tortured. Central forces are also threatening voters ‘kamal dabao nahin toh thok dega’ (vote for BJP or will shoot you),” he said. “Media has all these videos. Many are already in the public domain,” he added. The BJP termed the allegations baseless and said it was goons supported by the TMC who were trying to intimidate voters. In Delhi, BJP leader and Union minister Nirmala Sitharaman also urged the poll body to order the central forces to remain in Bengal till the Model Code of Conduct is in place, as it expressed concern that the TMC may target a section of voters after polling is over. An estimated 49.70 per cent of over 1.49 crore electorate exercised their franchise till 1 pm in nine Lok Sabha constituencies of West Bengal on Sunday, amid reports of EVM glitches and stray incidents of violence. Polling is currently underway in Kolkata North, Kolkata South, Dum Dum, Barasat, Basirhat, Jadavpur, Diamond Harbour, Joynagar (SC) and Mathurapur (SC) in the seventh and final phase of the staggered general elections.last_img read more

Commentary Ohio StateDuke game sets stage for basketball to outshine Tressels troubled

Move over, Jim Tressel. There’s a new sheriff in town, and he’s got a full arsenal ready to go when his season rolls around. Coach Thad Matta and the Buckeye basketball team fell short of expectations last season, but that doesn’t mean they aren’t ready to shine next season. After it was announced Tuesday that Ohio State would play perennial college basketball powerhouse Duke in the Big Ten/ACC Challenge, one thing about next year has become clear: There is more excitement in Columbus for Buckeye basketball than for Buckeye football. Coach Mike Krzyzewski and his Blue Devils will travel to Columbus on Nov. 29, just three days after Tressel’s Buckeyes (for now) take on Michigan in Ann Arbor, Mich. OSU and Duke entered the NCAA Tournament as No. 1 seeds two months ago, and both were upset in the Sweet 16. If the football team wins at Michigan next year, and the result isn’t an appearance in the inaugural Big Ten Championship, that familiar feeling of pride that comes along with beating the Wolverines will be all but forgotten by Tuesday night, as basketball jerseys and “Nuthouse” shirts replace the football garb that traditionally floods the OSU campus throughout the fall. And it won’t stop after next season. This could very well be the beginning of OSU’s football program taking a backseat to Matta’s budding basketball program. The timing is perfect. Look at the latest cover of ESPN The Magazine for example. Jared Sullinger, Aaron Craft and Deshaun Thomas became common names on campus last season, as the trio of freshmen often dominated more experienced opponents and kept OSU at No. 1 in the NCAA rankings for most of the season. Sullinger started last year and Craft came in early every game, and Thomas could step into the starting lineup to replace former Buckeye David Lighty. The football program is without its biggest offensive threats, quarterback Terrelle Pryor and receiver DeVier Posey, for the first five games of the season. Pryor and Posey are two of five Buckeyes, also including offensive lineman Mike Adams, running back Dan Herron and defensive lineman Solomon Thomas, who are suspended for the first five games of the 2011 season for selling memorabilia and receiving improper benefits. Tressel also is suspended for the first five games of the 2011 season for failing to report the players’ violations. If more wrongdoing by the football program is discovered, it could be the end of the road for Tressel at OSU. It just so happens that it could also be the beginning of Matta and the OSU basketball team becoming one of those perennial powerhouse basketball schools like Krzyzewski’s Blue Devils. What pushes fans to buy tickets to games and spend money on team apparel is a winning squad. If OSU’s football program is looking at stiffer penalties than the ones already placed on it, recruits will begin shying away and the talent the Buckeyes have been able to bring in during past years won’t be there anymore. That lack of talent will show in the win-loss column. On the other hand, if young high school basketball stars get used to seeing Matta and company on national TV, in big-time games year after year, even more Sullinger-like recruits will start coming in — regardless of whether they grew up 20 minutes east of Columbus, like Sullinger. The increased talent will show by the banners that go up at the Schottenstein Center. Columbus might not be ready to admit it yet, but it’s already starting to show on the national level: OSU is becoming a basketball school. read more