Thursday, 21 November 2019

5G is the next generation of mobile broadband that augments your connection



5G is the 5th generation of cellular network technology. The industry association 3GPP defines any system using "5G NR" software as, "5G", a definition that came into general use by late 2018. Others may reserve the term for systems that meet the requirements of the ITU IMT-2020.

5G is the next generation of mobile broadband. This will eventually replace, or at least augment your 4G LTE connection. You can sure get faster download and upload speeds with 5G. Latency (the time it takes devices to communicate with each other's wireless networks) will decrease.

The value of 5G comes from its ability to use a much wider spectrum at higher frequencies. Although, as these frequencies heighten, the ability to penetrate material (like through walls) decreases. Current 4G technology mostly operates on the 700 MHz band of the spectrum.

5G is what carriers are currently building as the next generation after 4G LTE. Whatever comes after 5G will likely be called 6G. So far, 6G exists mostly as a theoretical concept.

5G will improve your network connection dramatically. You will not have to deal with disruptions when sharing videos from crowded places. High-quality videos on your newsfeed will not cause frustration from all the buffering. You will get a faster, more stable and more secure connection. New services could come with this. You will enjoy better performance than ever before.


Sunday, 17 November 2019

Canopy Growth Corp Stock Will Probably Continue to Decline



Canopy Growth Corporation was formerly Tweed Marijuana Inc. This is a cannabis company based in Smiths Falls, Ontario.

The stock of Canopy Growth (NYSE: CGC) fell about 14% on Thursday after the Canadian marijuana company reported another quarter of large losses. Over-speculation happened because many people tried to get in on the growing marijuana industry. Large losses came with the company trying to build production of scale and increasing sales. Shares have fallen about 65% over the past 6 months.

Much of the rise in Canopy's stock came because of billions of dollars invested by Constellation Brands (NYSE: STZ) (an international producer and marketer of alcohol). The investment signaled to markets that Canopy was the better investment. This lead to large increases in revenue and shares went a lot higher.

The risk of the stock falling was always there. Earning losses happened in the fiscal 2nd quarter and 1st fiscal quarter. Canopy's cash on hand is down to about CA$1.1 billion compared to CA$2.48 billion a year ago. At the end of Dec. 2018, it had CA$4.92 billion on hand. After that, about 77% of its investment capital disappeared.

Probably the biggest loser in this case is Constellation Brands. Although, it is still a benefit to have a large stake in a company creating large revenue growth in a new industry. There are probably a lot of potential consumers of the future cannabis-infused beverages.
It is hard to say if Canopy's decline is totally finished. It is possible that Canopy Growth doesn't understand the future of the market very well.

Thursday, 14 November 2019

Vodafone Idea and Airtel post $10.3 billion in combined quarterly losses


Vodafone Idea and Airtel are Indian telecommunications companies. They posted $10.3 billion in combined quarterly losses. These are 2 of the top 3 telecom operators in India. Vodafone Idea in India's 2nd largest telecom operator by subscriber count. Its consolidated loss had become $7.14 billion in the quarter that ended in September. This was the largest quarterly loss ever seen in the nation on Thursday.

A similar situation happened with India's 3rd largest telecom operator. Bharti Airtel posted a consolidated net loss of $3.23 billion. 

The U.K.-headquartered Vodafone owns 45% of Vodafone Idea. Recently, those executives have said that the group's telecom business in India could collapse if the government does not provide any relief.

Bharti Airtel is also hopes that the government will help out.



Entegris stock has much growth in the last few years


Entegris is a provider of products and systems that purify, protect, and transport critical materials used in the semiconductor device fabrication process.
Entegris has about 3,500 employees in manufacturing, service center and research facilities in the USA, Malaysia, Singapore, Taiwan, China, Korea, Japan, Israel, Ireland, Germany and France.
The company seeks to help manufacturers increase their yields by improving contamination control in several key processes. These include photolithography, wet etching & cleaning, chemical-mechanical planarization, thin-film deposition, bulk chemical processing, wafer and reticle handling and shipping, and testing, assembly and packaging. About 80% of the Company's products are used in the semiconductor industry.
Entegris is tied to the cyclical nature of the industry. The need is increasing for more powerful and efficient semiconductors. There is also growth for Internet of Things (the interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data). These increasing needs are benefiting Entegris' products, which help advanced manufacturing processes.
The semiconductor industry had problems in 2019, partly because of declining smartphone sales and the fallout of the trade war on manufacturing in Asia.
Entegris revenue decreased 1% in its recent 3rd quarter. However, there are some positive things happening about this company. There are some indications that the semiconductor industry is going to improve. There have been some increased sales in brands of consumer electronics.
The earnings growth in the last few years of Entegris is attractive for investors. This stock showed a surging profit. Double-digit earnings growth is highly preferable. The historical EPS (earnings per share) growth rate for Entegris is 27.3%. There is expectations of some projected growth. The company's EPS is expected to grow 2.1% this year, crushing the industry average, which calls for EPS growth of -34.9%.
Entegris has an Sales/Total Assets ratio of 0.66, which means that the company gets $0.66 in sales for each dollar in assets. The industry average of 0.59. This means Entegris is more efficient than average. Entegris is a good performer and a good choice for growth investors.

Tuesday, 12 November 2019

Spain's King starts important trip to Cuba


Spain’s King Felipe will start off the first ever state visit by a Spanish monarch to Cuba on Tuesday. He will lay flowers at the monument in Havana to Jose Marti. The monument is a symbol of the former colony’s struggle for independence.

Felipe and his wife, Queen Letizia, arrived on Monday for a 3 day stay in Cuba. Spain and Cuba have harmonious international relations. Felipe will hold talks in the Palace of the Revolution on Tuesday morning.

The royal visit is just in time to join the celebrations of the 500th anniversary of the founding of the Cuban capital. Havana used to be one of the most important cities in the Spanish empire, providing an important port for the useful fleet. Cuba welcomes the Spanish royals.

Spain is currently Cuba’s 3rd largest trading partner and one of its top investors.
 


Greater economic growth is likely ahead for Germany



Germany has the largest national economy in Europe and is the 4th largest by nominal GDP in the world. According to the IMF, in 2017 Germany accounted for 28% of the euro area economy. Germany is a founding member of the European Union and the Eurozone.

The top 10 exports of Germany are: vehicles, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, and rubber and plastics.

The economy of Germany is the largest manufacturing economy in Europe. It is less likely to be affected by the financial downturn.

Germany’s economy has been through some downturns recently. But, many investors think the worst of it is over.

The ZEW Indicator of Economic Sentiment is a simple sentiment indicator created out of the monthly ZEW Financial Market Survey. The ZEW Financial Market Survey is an aggregation of the sentiments of approximately 350 economists and analysts on the economic future of Germany in the medium-term.

The ZEW sentiment index rose this month. This indicates that the sadness surrounding growth prospects has eased a bit after the gauge plunged to a near 8-year low over the summer.

The European Central Bank eased monetary policy in September to support the euro zone. It is also urging governments to step up fiscal spending to revive growth.

Germany's government believes right now the country is in a stable economic situation.


Pemex experiencing problems after cyber attack shut system


Pemex (mostly used name) is PetrĂ³leos Mexicanos. This translates to Mexican Petroleum. It is the Mexican state-owned petroleum company. It was created in 1938 by nationalization or expropriation of all private, foreign and domestic oil companies at that time.

Pemex had total assets worth $415.75 billion (in December 2005). The majority of its shares are not listed publicly and are under control of the Mexican government, with the value of its publicly listed shares totaling $202 billion in 2010, representing approximately one quarter of the company's total net worth.

Ransomware is a type of malicious software designed to block access to a computer system or computer files until a sum of money is paid. Most ransomware variants encrypt the files on the affected computer, making them inaccessible, and demand a ransom payment to restore access.

A ransomware attack hit Pemex. It is disrupting the company's billing systems. Some people have said that Pemex is relying on manual billing temporarily. This could slow its operations. Some have said that some employees couldn't access email or the internet. The computers were slowed down.

Pemex says that gasoline supply is guaranteed. The cyber attacks happened on Nov. 10. They affected less than 5% of personal computing devices.

Pemex’s ransomware attack involves systems being frozen by hackers until a ransom is paid. Unfortunately, these kinds of attacks have happened to several other companies in the past.


Saturday, 9 November 2019

Lyft Stock is not increasing much


It appears that it is not a good idea to buy Lyft stock. Not yet, anyway. Lyft (NASDAQ:LYFT) stock continues to plateau. Investors are trying to think how they are going to profit from this stock. The stock price has remained in the low $40s for the last two months. The stock price has not changed much even after the company’s 3rd quarter results beat expectations.

A strong stock would look different. It could have a flying plateau. That is a pattern that forms after a stock has made a strong move up. Strong stocks will consolidate gains sometimes in a flat, sideways pattern in a tight range instead of selling back. Picture a 45 degree rise and then a move sideways for several sessions. Strong stocks tend to rest in these patterns, and then start another leg up.

Many people expect Lyft stock to post losses in the near future. It is possible that advances in technology could change the stock’s performance. The invention of self-driving cars could lead this company to greater success. Lyft continues to test self-driving cars. Lyft runs the largest public self-driving commercial program in the USA. It employs 400 engineers who are testing these cars. They have completed over 75,000 rides in them.

Both Lyft stock and Uber stock trade below their IPO prices. These big ridesharing companies are putting in an effort to improve their situations.




Canada and PGWP (Post Graduate Work Permit)


Post graduate work permit (PGWP) is a useful program for those International students who would like to acquire valuable Canadian work experience after graduation. Also, this program is one of the bridging mechanisms for foreign students to transition from temporary resident status to permanent residency.

Interesting information and news about PGWP:











Friday, 8 November 2019

Canada’s economic expansion is successful


Canada is a highly developed market economy. It is the 10th largest GDP (by nominal) in the world. The country's economy is dominated by the service industry which employs about three quarters of Canadians. Canada has the 4th highest total estimated value of natural resources. Canada is one of the world's top 10 trading nations, with a highly globalized economy. The Toronto Stock Exchange is the 9th largest stock exchange in the world by market capitalization.

In 2018, Canadian trade in goods and services reached CA$1.5 trillion. Canada's exports totalled over CA$585 billion, while its imported goods were worth over CA$607 billion, of which approximately CA$391 billion originated from the United States, CA$216 billion from non-U.S. sources.

Canada’s economic expansion has been strong over the past two years. Growth in 2018 was 2% (preliminary estimate was 1.9%), Statistics Canada said Thursday.

The numbers suggest the economy may have been stronger than previously thought, potentially validating the Bank of Canada’s decision to continue raising interest rates at the time and its decision more recently to hold off on matching cuts to borrowing costs made by other major central banks including the Federal Reserve.

Not everything is going well for Canada, though. Business investment is well below initially estimated levels.


China's mainland stock market has been performing bounteously


China's economic growth has slowed to the slowest pace in nearly 3 decades this year. This is a result of a shift to a new economy and a intensive trade war with the USA. There is also continued unrest in Hong Kong.

However, China's mainland stock market has outpaced the others in the world. The mainland stock market is made up of mainly domestic-oriented companies. The stock market is having a very good year. It has even been the best performing major stock index in the world.

Buying stocks directly in a foreign market like India or China is possible, but it may be harder than purchasing domestic shares. Investors can purchase American Depositary Receipts on U.S. exchanges, which are certificates that represent shares in a foreign company. China A-shares are now open to foreign investors.

China has A shares and B shares.

A shares, also known as domestic shares, are shares that are in Renminbi and traded in the Shanghai and Shenzhen stock exchanges, as well as the National Equities Exchange and Quotations.

B shares (officially Domestically Listed Foreign Investment Shares) on the Shanghai and Shenzhen stock exchanges refers to those that are traded in foreign currencies.

China's onshore stocks, called A shares, have delivered more than 37% total return for investors this year, based on the FTSE A share 200 index.

Some interesting figures:
  • China's benchmark Shanghai Composite Index has risen 19% year to date
  • Japan's Nikkei has gained 18%
  • MSCI's index of Asian shares, excluding Japan, has risen 13%
  • Hong Kong's Hang Seng is up 8%
  • The S&P 500 has gained 23%
China's A shares received a big boost from the country's deregulation and market liberalization initiatives, the Chinese government's stimulus measures and particularly from increased weighting in MSCI's emerging markets index.

China has the second-largest stock market in the world. This market is growing fast. However, mainland Chinese stocks are still owned only by few outside China.

China's A shares may improve even more. Inclusion in MSCI's emerging markets index has been a major driver of inflows and more stocks are set to be added. MSCI wants to increase the A shares' weight in the EM index. MSCI inclusion is seen as a stamp of approval from the investment community that equities are safe.



Thursday, 7 November 2019

Tesla Stock: an interesting investment opportunity


The price of Tesla stock has increased significantly since its IPO on June 29, 2010. On that date, Tesla Motors Incorporated launched its IPO on the Nasdaq exchange. It offered 13.3 million shares at a price of $17 per share. This raised a total of $226.1 million.

Tesla, Inc. is an USA automotive and energy company based in Palo Alto, California. The company specializes in electric car manufacturing. Tesla, through its SolarCity subsidiary, also specializes in solar panel manufacturing.

Bears are investors who believe that a stock is headed downward and attempt to profit from a decline in the stock price. They are typically pessimistic about the state of a given market. Tesla Stock was a bear zone for many years. Bulls had periods of small wins.

In the last five years, there have been controversial issues about production and supply chain. For example, Tesla stock was higher in the 4th quarter of 2018, even though the broader markets decreased. The Tesla company posted 2 consecutive profitable quarters last year.

Tesla reported a surprising profit in the third quarter. After this, the stock has rallied sharply. After a strong October, the stock is likely to be strong in November.

Tesla numbers are strong right now. Some bears might give up. The company should benefit from higher USA demand. New pricing should help it improve its Model 3 average selling prices.

Investors should be careful. Ford and General Motors sell more vehicles than Tesla and are sustainably profitable. Tesla has only posted a net profit in five quarters.

Wednesday, 6 November 2019

Uber stock hits record low: 37% from IPO price


Uber shares fell to an all-time low on Wednesday. This is as the stock lock-up period ends. The lock-up period is 180 days after the company's IPO. This means that everybody is free to sell shares. This is happening after Uber released its 3rd quarter earnings report on Monday. The company continues to report big losses.

A lock-up period, also known as a lock in, lock out, or locked up period, is a predetermined amount of time following an initial public offering where large shareholders, such as company executives and investors representing considerable ownership, are restricted from selling their shares.

Uber shares hit a low of $27.97 on Tuesday. On Wednesday, they hit a low of $25.58. The IPO price of this stock was $45.

The future likely will have lots more selling of shares. Uber stock future looks dark. Uber is struggling to create confident investors. The history of losses is troubling. It is unclear if Uber Eats can be profitable. The company has had significant layoffs since its IPO.

Uber workers aren't guaranteed the same rights as employees, such as a minimum wage, overtime, workers' compensation, unemployment insurance, paid sick leave or on-the-job expenses. Protesters are asking for their jobs to improve.



Courier Services to ship goods from Philippines to Canada



Choose the courier company that fits your needs. All international shipping courier services in Philippines have online tracking service and rate calculator. Here is a list of some companies:

2Go Express

2GO Express is the only retail partner of FedEx in the Philipines.

DHL

Get tracking service and rate calculator. Good customer service. Get an online quote. Enter package information (size, weight, etc.) and you can find out how much to pay for the international shipping.

FedEx

FedEx, just like DHL, allows you to get shipping rates from Philippines to Canada or anywhere. You have to login to the site.

JRS Express

JRS is one of the well-known local courier companies in the Philippines. When you use the rate calculator to find out the shipping rate, use grams instead of kilograms, which is the common weight by courier services in the Philippines.

UPS

Good for sending documents within Canada. It has a little bit of a higher rate than Canada Post. In the Philippines, UPS is probably less known compared to other courier services. UPS also has ways for you to calculate time and cost. UPS has many drop-off locations such as the authorised shipping outlet and UPS Alliance locations. There is probably an outlet near you.

Xend

For people into online business, Xend is a nice courier service, especially for domestic shipping. Drop-off locations are more accessible in 7/11 and 2GO branches. The rates are based on the shipment’s destination. This is regardless of the pick-up location. The international shipping is sent through UPS, Singapore Post, or Philpost.

Conclusions

Before you send your packages, check the rates on the appropriate web sites. Having many different choices can help you save money. If you are not in a hurry, choose the standard shipping rate. Get free insurance if there is such thing. Paid insurance options exist.

Saturday, 2 November 2019

Google buys Fitbit for $2.1B

Google LLC is a multinational technology company that specializes in Internet-related services and products. These include online advertising technologies, search engine, cloud computing, software, and hardware. It is considered one of the Big Four technology companies. Others are Amazon, Apple, and Facebook.

Fitbit, Inc. is an USA company headquartered in San Francisco, California. The products are activity trackers, wireless-enabled wearable technology devices that measure data such as the number of steps walked, heart rate, quality of sleep, steps climbed, and other personal metrics involved in fitness. The use of this wearable technology helps people lose fat and gain muscle.

The deal is pending regulatory approval.

Fitbit shares gained more than 40% since it was first reported that Alphabet made an offer for the fitness tracker.

Alphabet Inc. is a multinational conglomerate. It was created through a corporate restructuring of Google. It became the parent company of Google.

Fitbit is being acquired by Google's parent company for about $2.1 billion US. This deal allows the internet company to step back into the competitive market for smartwatches and health and fitness trackers.

Google did not have much presence in the wearables market. This deal could give more opportunity to compete with the Apple Watch.

Fitbit has 28 million active users worldwide and has sold more than 100 million devices.


The stock below looks like it is really has great growth throughout the years. Will it continue growing like this? Probably.


Thursday, 31 October 2019

Russia could create internet that is walled off from the rest of the world



On Nov. 1, Russia is set to activate a version of the internet that's walled off from the rest of the world. This is so that it can protect itself in the event of a cyber attack.


On Nov. 1, Russia could disconnect from the internet (theoretically).

A long-planned internet bill would go into effect and lay the foundation for a national network whereby internet service providers are controlled by Roskomnadzor, Russia's telecom agency.

Russia would benefit from the ability to disconnect from the global internet in the event of a cyberwar. Meanwhile, a walled-off version of the web can be used that is sanctioned by Russia.

Japan's historic Shuri Castle damaged in fire


Japan's historic Shuri Castle was on fire early Thursday. This became a ruined UNESCO World Heritage site.


The bright blaze did light up the night sky in Naha, the prefectural capital of the southern island of Okinawa. Firefighters battled the flames for almost 12 hours.


The fire started in the castle’s main wooden structure and quickly spread to the other buildings.


Three large halls and four other structures burned down and collapsed, a fire official said.


There were no injuries.


The castle is recognized as a cultural symbol of Okinawa’s heritage from the time of the Ryukyu Kingdom that spanned about 450 years from 1429 until 1879.

Black Anima (Album by Lacuna Coil)


Black Anima is the ninth studio album by Italian gothic metal band Lacuna Coil. It was released by Century Media Records on October 11, 2019. Recording took place BRX Studio in Milan, Italy. It is the first album to feature drummer Richard Meiz, also part of Italian heavy metal band, Genus Ordinis Dei.

It is interesting to hear great female singing in this metal album. There is evil, sadness and torment here. There is also something funny here, perhaps an evil clown character.

Deceiver (Album by DIIV)


Deceiver is the third studio album by American indie rock band DIIV. It was released on October 4, 2019 by Captured Tracks. It was produced primarily by the band themselves along with producer Sonny Diperri, the album was recorded in Los Angeles in March of 2019.

The vocals sound nice on this album. The singing talent is appreciated. The guitars show some sadness of thought. You could really get into the mood of this and start to like it.

Keystone pipeline closed after spilling over 1 million litres of oil in North Dakota


An estimated 1.4 million litres of oil have spilled from TC Energy Corp.'s Keystone crude pipeline in North Dakota, state authorities said on Thursday. This is a major leak at a time of increased regulatory scrutiny of oil pipeline expansions.

The cause of the rupture has not yet been disclosed.

The initial estimate makes it one of the biggest onshore crude spills in the past decade and the largest for Keystone, according to U.S. Pipeline Hazardous Materials and Safety Administration (PHMSA) data.

Hong Kong recession: economy shrank 3.2% from the previous quarter


Hong Kong is located in southeastern China. It is an autonomous territory and former British colony. Its densely populated urban centre is a major port and global financial hub with a skyscraper skyline. Central (the business district) features architectural landmarks like I.M. Pei’s Bank of China Tower. Hong Kong is also a major shopping destination, famed for bespoke tailors and Temple Street Night Market.

On Thursday, the government said Hong Kong’s economy shrank 3.2% in July-September from the previous quarter, pushing the city into a technical recession. Business has decreased since anti-government protests began in early June in the Asian financial center.

Two straight quarters of contraction have happened since the economy contracted 0.5% in April-June on a quarterly basis.

Lineups of Chinese shoppers have decreased. Jewelry stores have less customers. Transportation businesses are decreasing.

Some neighborhoods have become protest battle zones. Demonstrators in black are in conflict with riot police unleashing tear gas and water cannons.

The protesters have been locked in a standoff with the authorities for more than four months, that began with demands they scrap a now-abandoned extradition bill.

At times the chaos has decreased major infrastructure, shutting down the city’s busy airport, where arrivals and flight bookings have decreased.






Oil falls after renewed pessimism about the USA-China trade talks


Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. A type of fossil fuel, crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals.

Oil traded lower on Thursday morning after weak Chinese industrial data and renewed pessimism about the U.S.-China trade talks added to a rise in U.S. oil inventories to weigh on prices.

At 11:57 a.m. EDT on Thursday, WTI Crude was down 1.69 percent at US$54.13 and Brent Crude traded down 1.18 percent at US$59.53.

WTI is actually sweeter than Brent Crude and has a sulfur content of around 0.24 percent. WTI is a better grade of crude oil for the production of gasoline while Brent oil favors the production of diesel fuels. Asian countries tend to use a mixture of Brent and WTI benchmark prices to value their crude oil.

China’s Purchasing Managers’ Index (PMI) dropped in October, compared to expectations of staying unchanged from September. This increased fears that the Chinese economic growth will further weaken, especially without a U.S.-China trade deal.

Pessimism existed on Thursday after Bloomberg reported that Chinese officials are signaling doubt about the possibility the U.S. and China could reach a long-term comprehensive trade deal.

Oil demand growth could become weaker because of uncertainties around the global economy and Brexit. This could mean that the oil market will have to cope with another oversupply next year, the International Energy Agency (IEA) said earlier this week.

Bombardier sells multiple facilities to Spirit for US$500M


Bombardier Inc. is a multinational manufacturer of regional airliners, business jets, equipment for public transport, and high speed rail train sets. Its aviation division, Bombardier Aviation, is headquartered in Montreal. The public transport division, Bombardier Transportation, is headquartered in Berlin.

Spirit AeroSystems, Inc., based in Wichita, Kansas, is the world's largest first-tier aerostructures manufacturer. The company builds several important pieces of Boeing aircraft, including the fuselage of the 737 and portions of the 787 fuselage. It also builds the cockpit section of the fuselage of nearly all of its airliners.

Bombardier Inc. has decided to sell a wing factory in Northern Ireland and two other facilities to Spirit AeroSystems Holdings Inc. for US$500 million. This also includes the assumption of certain liabilities.

The wings are made for Airbus SE’s A220 jetliner. The deal also involves a plant in Morocco and a maintenance, overhaul and repair shop in Dallas, Bombardier and Spirit said Thursday.

For Spirit, buying the Belfast plant will expand its role as an Airbus supplier and lessen its dependence on Boeing Co. and the 737 Max.

Unfortunately, the 737 Max has been grounded for more than seven months after two deadly crashes. (President Donald Trump announced on March 13, that United States authorities would ground all 737 MAX 8 and 9 aircraft in the United States.)

The acquired operations have more than 4,000 employees and expected 2019 revenue of about US$1 billion, Spirit said.

As part of the agreement, Spirit said it would assume about US$300 million in net pension liabilities, and approximately $290 million of government grant repayment obligations, bringing the total value of the transaction to US$1.09 billion.

Spirit will also make a cash contribution of about US$130 million toward pension liabilities. The deal is subject to regulatory approval. It is expected to close in the first half of next year.





Wednesday, 23 October 2019

Venezuela Exodus will likely be more than 5 million people




The exodus or departure of Venezuelans will likely reach 5 million people. Pressure is growing on neighboring countries to provide them with long-term support.


About 4.5 million refugees and migrants have fled Venezuela since 2015. More could be using illegal crossing points because they lack identity papers. An estimated 5,000 people leave Venezuela daily.


This is a very serious and fastest-growing refugee migrant crisis in Latin American history.


Colombia is the top destination for Venezuelan migrants fleeing the long-running crisis, which has caused widespread shortages of food and medicine. Some 1.4 million Venezuelans live in Colombia.

The flow is overwhelming the financial capacities of host countries to provide services.
 
9 receiving countries have agreed to accept expired (Venezuelan) passports as valid documents. With an expired passport people can get a temporary permit sometimes for two years.


The socioeconomic and political crisis is marked by hyperinflation, escalating starvation, disease, crime and mortality rates, resulting in massive emigration from the country.










Tuesday, 22 October 2019

Construction: Toronto: hwy 27 and hwy 7

In Toronto at highway 27 and highway 7, there is construction of concrete forming. Concrete stripping is done when the forms are removed and the concrete has hardened.