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Speaking French and English, but also only English, at work in Quebec generally pays more than just speaking French. This is the result of a recently published study.

“It is insulting and downright unacceptable to see that a person who only speaks English in Quebec earns more than a person who only speaks French,” said Jean-Paul Perreault, president of Impératif français, a defense and defense organization Promotion of French.

According to the study, conducted by the Office québécois de la langue française (OQLF) based on 2016 census data, people who speak only English at work earn an average of $46,047 a year, or 20% more than the median wage of 38,346 USD those using only French.

wealthy rulers

Jean-Pierre Corbeil, professor of sociology at Laval University, explains that among the population that only speaks English at work, there are “many poor migrant workers, but also very rich people”.

And the latter pull the average up, according to François Vaillancourt, an economics professor at the University of Montreal.

The presence of these monolingual Anglophones, scientists or businessmen, at the top of the pyramid has a knock-on effect on lower positions.

“You have, for example, the new CEO of CN, who does not yet fully speak French but will learn it,” explains Mr. Vaillancourt. For example, when she’s looking for a VP, she says to herself, “The best we have in the gang operating in the West, we’re bringing him back to Montreal.”

This logic leads to other monolinguals finding themselves in leadership positions and imposing English on their subordinates.

According to Mr. Perreault, these positions should require French.

“When we appoint CEOs, executives and managers who don’t speak French, that’s incredible irresponsibility,” he protests.

Improve your destiny

Several French-speaking workers like Manoelle Maspndy come to the YMCA in downtown Montreal to learn English. The former commercial clerk wants to reorientate herself in human resources management. Most of the ads she sees ask for English.

Mark Grenon has been an English teacher for 13 years. In his experience, people who want to have a good career in Quebec need English. Many francophone immigrants are even surprised, he notes. In order to stand out on the job market, they attend courses at the YMCA.

In addition to the discrepancy between using French and English at work, the study shows the significant benefit of speaking both languages. In this case, the median earned income is the highest at $51,294.

fluent, bilingual

In 2015, more than 40% of Quebec’s population regularly used English at work.

“A phenomenon that has been growing for ten years,” says Jean-Pierre Corbeil.

In this context, the sociologist sees a problem for the preservation of French and believes that “action must be taken to raise awareness and promote the importance of French as the first working language”.

For François Vaillancourt it is necessary to be “very demanding about the use of French in the domestic market”.

Even in Bellechasse

International clients, colleagues who have recently arrived in Quebec and don’t speak French… English is becoming increasingly important at work, even in heavily French-speaking regions.

“I absolutely did not expect to have to speak so much English at the MRC de Bellechasse! says Jennifer Martin, who immigrated to Quebec last year.

The factory she works for recruits internationally and many workers, allophone or English speaking, do not yet speak French. As her English skills are an issue at work, the native French wants to improve them.

Archive photo

Jean Pierre Corbeil. Professor of Sociology

Jean-Pierre Corbeil, a professor of sociology at Laval University, expects Statistics Canada’s next figures, to be released in November, to show an increase in the regular use of English at work in Quebec. Of course, globalization is in question, but so is the evolution of the linguistic profile of the Quebec population.

service industry

But according to Mr. Corbeil, the most notable increase in English usage is in the service industries. “Workers in companies around an English-speaking university like Concordia or McGill in Montreal use English to serve certain students who don’t speak French,” he explains.

Michael O’Leary, vice president of human resource consulting firm Robert Half, confirms that speaking English is “an increasingly important decision-making factor” for companies.

“Anything that has to do with communicating in markets or with customers, companies are a bit more afraid of hiring monolingual people,” he says.

new technologies

According to François Vaillancourt, there are two other economic causes to be mentioned in addition to globalization.

“We know that about a third of Quebec’s employment is controlled by non-French-speaking companies,” he points out. This increases the likelihood of using English.

The other factor is the development of sectors such as new technologies. Very English oriented, they would also encourage bilingualism at work.

Investors are buying back into tech after a massive flight to safety in the first half of the year — but top tech investor Paul Meeks is far from convinced. “I don’t really think so because I see the fundamentals for the majority of these companies improving a lot in the near term, but more because it seems like investors are beginning to overlook the near-term weakness of these companies,” Meeks, Portfolio manager at Independent Solutions Wealth Management, CNBC told Pro Talks on Wednesday. Instead, he chooses to remain defensive and seeks what he believes to be safer bets within the technology space. “I think the more speculative names in the industry aren’t going to come back for a while, so it would be wise to continue playing defensive rather than offensive tech,” he said. One stock Meeks likes is tech giant IBM. He noted that CEO Arvind Krishna has transformed the company since his appointment in April 2020, divesting “large chunks” of the business and putting IBM on a revenue growth path. The company posted revenue of $15.54 billion in the second quarter, beating analysts’ consensus estimate of $15.18 billion, according to Refinitiv. It also delivered a punch to the result. “So now the company is actually growing at a pretty reasonable pace while it’s been steadily shrinking quarter after quarter, year after year,” Meeks said. He added that the company pays a “heavy” dividend that “should please even a value investor.” Meeks also likes telecom giant AT&T as a “hiding spot.” The company is now back as a telecoms company after winding up its failed Hollywood venture, Meeks said, gaining market share from T-Mobile and Verizon. AT&T also generates “a lot of money” and pays a dividend yield of about 5% to 6%, he added. When to Go All-In “All of these companies should offer less volatility and be a way for investors to play defensive tech until offensive tech comes back into fashion. But when technology comes back, do I want AT&T and IBM as big stocks in my portfolio? No, because then I want to attack,” said Meeks. But he plans to “wait a little longer” to start investing aggressively in tech stocks again. “Before I go all in, I need to be more confident that analysts have lowered their estimates enough to reflect a recession [earnings per share] Forecasts have been released,” he said. Money manager likes this chip stock so much he’s putting his own money in “must own” FAANG stock to buy the drop — and one to avoid, Meeks says. “I think that current narrative or range of possible outcomes is overly optimistic, or at least I’m not convinced of it yet,” he added. “The best idea” for making money in the long run is his “best idea to make money in the long run” chip giant Micron — a stock he conceded is a contrarian call given the company’s challenging outlook. He said he’s looking past it as he believes the glut of memory chips the market is in a “Short-term correction” that will be over in a few quarters. “Here’s a com company that dominates in an oligopoly with only two other players worldwide,” Meeks said of Micron. “I think this stock will do particularly well over the next few years with all the drivers like artificial intelligence, which is demanding more and more chips and more and more chip concentration of memory,” he added.

The headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China, September 28, 2018. Portal/Jason Lee

SHANGHAI, Aug 15 (Portal) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday to try to revive credit demand to support the COVID-hit economy.

Economists and analysts said they believe Chinese authorities are keen to prop up the sluggish economy by allowing increasing policy divergence with other major economies aggressively raising interest rates.

The People’s Bank of China (PBOC) said it cut the rate on its 400 billion yuan ($59.33 billion) one-year medium-term lending facility (MLF) to some financial institutions by 10 basis points (bps) to 2.75% . from 2.85%.

In a poll of 32 market watchers last week, all respondents had predicted the MLF rate would remain unchanged and 29 had predicted a partial rollover. Continue reading

“The rate cut surprises us,” said Xing Zhaopeng, senior China strategist at ANZ.

“It should be a reaction to Friday’s weak credit data. The government remains cautious on growth and will not ease up.”

Bank lending in China fell more-than-expected in July, while overall credit growth slowed as renewed COVID flares, job worries and a deepening housing crisis deterred businesses and consumers from taking on more debt. Continue reading

The PBOC justified its move with “keeping the liquidity of the banking system reasonably sufficient”. And with 600 billion yuan in MLF loans due, the operation resulted in a net withdrawal of 200 billion yuan.

Market participants largely priced in the partial rollover as the banking system was already stocked with cash, interbank money rates fluctuated at two-year lows and were persistently below policy rates.

“In hindsight, today’s 10 basis point cut can be seen as ‘frontloading’ ahead of policy space tightening going forward as the PBOC sees structural inflationary pressures,” said Frances Cheung, rates strategist at OCBC Bank.

The PBOC reiterated in its second-quarter monetary policy report that it would step up implementation of its prudent monetary policy and keep liquidity adequately adequate, while closely monitoring domestic and external inflation changes.

“Despite warnings of inflationary risk and flushing liquidity, prevailing downside risks surrounding COVID spreads and the real estate sector prompted the PBOC to cut rates to stimulate demand,” said Ken Cheung, chief Asian FX strategist at Mizuho Bank.

China’s 10-year Treasury futures rose more than 0.7% in early trade after the rate decision, while government bond yields for the same maturity fell about 5 basis points.

The central bank also injected 2 billion yuan through seven-day reverse repos, while cutting borrowing costs by the same 10 basis point margin, from 2.1% to 2.0%, according to an online statement.

The PBOC cut both rates by 10 basis points in January.

($1 = 6.7425 Chinese Yuan)

Reporting by Winni Zhou and Brenda Goh; Edited by Kim Coghill and Neil Fullick

Our standards: The Trust Principles.

Bankruptcy can be scary and raise many questions.

Here are the answers to three questions consumers often ask.

Does bankruptcy pay off all debts?

Jean-Simon, 35, a mechanic from Brossard, wants to know if it’s true that bankruptcy frees you from all debt.

Answers : Both consumer proposal and bankruptcy effectively relieve a person of the vast majority of their debt.

“Those who cannot be fired are the exception rather than the rule. Basically, you can get rid of credit cards and lines of credit, personal loans, debt to the government for taxes and duties, and even loans secured by real estate (like a car) if you want to return the real estate to the creditors.” explains Pierre Fortin, licensed liquidator and President of Jean Fortin & Associés.

On the other hand, you cannot get rid of alimony, fines, student loans (if you filed or filed for bankruptcy less than seven years before graduation), and any debt resulting from misstatement or fraud.

In Jean-Simon’s first meeting with a trustee, two important steps are analyzing his debt and the context in which it arose.

“The task of the trustee is to avoid unpleasant surprises as much as possible. If there is any doubt as to whether or not it can be released, our job is to notify the person so that they can consult a lawyer if necessary,” stresses Pierre Fortin.

Who will know that I’m bankrupt?

Normand is 62 years old and lost his wife three years ago. He had many difficulties in overcoming this ordeal. He is employed in a printing company, but has been unemployed for a few months. Due to the drop in his income, he has accumulated debt. He knows that he has no other solution than bankruptcy and has come to terms with it. However, he wonders if his three children will find out that he has gone bankrupt, as he would prefer that no one knew about it.

Answers : The facts surrounding the Normand file, like most bankruptcy files, do not require the opening of a file in court. Consequently, the information circulates only between him, his trustee, his creditors and the Office of the Superintendent of Bankruptcy (BSF). His employer, family and relatives are not informed of his bankruptcy.

Note, however, that the BSF maintains a register that the public can view for a fee. Even so, bankruptcy remains a relatively private act that can be undertaken with confidence.

In addition, Normand was able to conduct the preliminary discussion with the licensed insolvency administrator by telephone and sign his file without having to leave his home.

“Besides reducing costs and wasted time, not having to be in our office has given him more discretion,” says Pierre Fortin.

Can bankruptcy affect my spouse?

Anne-Sophie, 44, has been in a relationship for three years. She has unpaid debts behind her and believes bankruptcy is inevitable. She would like to know if this gesture could affect her lover’s finances and credit. She doesn’t want to hurt him for debts that aren’t his.

Answers : Anne-Sophie has had $32,000 on her cards and lines of credit for over six years. His $43,000 gross salary will never be enough to pay her back.

The only two possible avenues are consumer filing or bankruptcy. In both cases, there are no consequences for the spouse. In fact, everyone, whether married, in a civil partnership, or de facto spouse, has their own credit report, assets, and debts. Even if Anne-Sophie’s spouse had been guarantor or joint debtor for one of her debts, her credit file would not have been affected in that he would have repaid it to the creditor on the same terms as the loan.

During the analysis of the situation, the trustee Anne-Sophie explained the impact of the insolvency and made a proposal for each property. Her furniture has a low liquidation value, so she could keep it with no problem. The same applies to his personal belongings (clothes, souvenirs, etc.), which the law protects. Since her vehicle’s value is no more than the amount she owes on her car loan, she can keep it if she continues making monthly payments.

Can you transfer assets to your spouse to “protect” them in the event of bankruptcy?

” No, we can’t. If you are unable to pay all your debts, creditors have a say in what happens to your assets,” says Pierre Fortin.

Do you have any information about this story that you would like to share with us?

Do you have a scoop that might be of interest to our readers?

Alex Dovbnya

Former MictoStrategy CEO and Bitcoin proponent Michael Saylor believes gold should be left in the 19th century

In a recent interview with Kitco, former MicroStrategy CEO Michael Saylor predicted that Bitcoin would demonetize gold over time. The American investor does not believe that gold will be accepted as money in the 21st century. “Gold was metallic money in the 19th century,” he said.

He sees the largest emerging cryptocurrency as an investment-grade institutional asset that will be embraced by large investors, regulators, and lawmakers.

The investor has predicted that a spot-based Bitcoin exchange-traded fund could appear in a year.

Saylor claims that traditional economists don’t understand Bitcoin because they hate volatility. “Volatility is the price you pay for performance. If you can’t take the heat, you can’t be in the kitchen…I’d rather win inconsistently than lose slowly,” he said.

Regarding the broader crypto market, Saylor says a “huge amount of bad behavior” has been flushed out. Still, he believes there are many unregistered securities.

As reported by U.Today, he recently resigned as CEO of MicroStrategy in a shocking move. The announcement came after the company lost around $1 billion on its Bitcoin bet due to rapidly falling crypto prices.

Saylor claimed he wanted to focus more on investing in the flagship cryptocurrency by taking on the role of Executive Chairman. In the most recent interview, the investor claims it was “very clear” to shareholders that Phong Le, the newly appointed CEO, was the heir apparent. “We don’t run the company based on bitcoin volatility,” Saylor said.

Canadian Rory MacDonald announced his retirement from mixed martial arts on Sunday.

• Also read: An honorable defeat for Charles Jourdain

After being knocked out of the Professional Fighters League semifinals against Dilano Taylor in the first round on Saturday, MacDonald confirmed in an Instagram post that he would be retiring the next day.

“I started doing this sport when I was 14 and I still remember my first day. I knew that was what I wanted to spend my life doing, MacDonald wrote.

“What an adventure my career has been with 17 years of professional fighting. I’ve learned a lot about myself during my journey and made some mistakes, but I’m a better person at 33 because of it.

The Quesnel, British Columbia-based athlete has had a glittering career, including a taste of beating big names like Nate Diaz and Tyron Woodley.

MacDonald, Georges Saint-Pierre’s training partner, also got his only world championship belt in 2018 after a duel against Douglas Lima.

GARDENA, Calif. (CNS) – Gardena-based baking company King’s Hawaiian is voluntarily recalling its Pretzel Slider Buns, Pretzel Hamburger Buns and Pretzel Bites products “as a precaution” following the recall of an ingredient manufactured by one of them was used by his suppliers.

The supplier, Lyons Magnus, is recalling the ingredient due to the possibility of microbial contamination, including by the organisms Cronobacter sakazakii and Clostridium botulinum, according to King’s Hawaiian.

A Friday statement from King’s Hawaiian did not identify the ingredient in question and a company spokesman could not be reached.

According to the company, no diseases have been reported related to King’s Hawaiian pretzel breads and no pathogens have been found in any of its products.

“The recall is being conducted to ensure consumer safety,” the company said.

The recall does not affect any other King’s Hawaiian products because no other products use the Lyons Magnus ingredient, King’s Hawaiian said.

The company will resume production of all of its pretzel products once it has ensured that all current products have been disposed of and the safety of all ingredients has been confirmed, officials said.

Anyone in possession of recalled King’s Hawaiian products should discard them.

Consumers can contact the company at 877-695-4227, Monday through Friday, 8:30 a.m. to 5:00 p.m. with questions or to request a replacement product.

Copyright © 2022 City News Service, Inc. All rights reserved.

2022 was the year of broken stablecoins as a host of dollar-pegged crypto assets were depegged from their dollar value that year. On Aug. 14, polkadot-based stablecoin Alpaca USD (AUSD) fell below a US penny, only to fall back into the $0.95 region hours later. According to reports, the Acala protocol was compromised and an attacker managed to mint AUSD 1.2 billion.

Polkadot’s AUSD stablecoin slipped well below the $1 parity

Along with USDT, USDC, DAI, and a few others, a number of stablecoins have had a terrible year when it comes to holding up their US dollar value. The depegging of Terra usd (UST), now known as USTC, caused the entire Terra ecosystem to implode, evaporating more than $40 billion from the crypto economy. Following this event, stablecoins such as Waves’ Neutrino USD (USDN), Abracadabra’s Magic Internet Money (MIM) and Tron’s USDD slipped below the $1 mark.

JUST IN: Hackers printed 1.2 billion $AUSD in the Acala network through an exploit.

— Watcher.Guru (@WatcherGuru) August 14, 2022

While Terra’s USTC never regained the $1 peg, USDN, MIM, and USDD all trade for $0.99 per coin on August 14, 2022. However, on the same day, polkadot-based stablecoin Alpaca USD (AUSD) lost its peg. Data from coinmarketcap.com shows that an all-time low of around $0.006383 per unit was recorded on Sunday. As I was writing this post at 3:15pm EST, the price of AUSD had rebounded back into the $0.95 area, but then quickly slipped to $0.01165 in a very short space of time.

Polkadot’s Acala Network tweeted about the issue just before the massive swings in AUSD’s value. “We noticed a Honzon protocol configuration issue affecting AUSD,” Acala Network’s official Twitter page wrote. “We are passing an urgent vote to suspend operations on Acala while we investigate and mitigate the issue. We will report as soon as we return to normal network operations,” the team added.

Binance CEO Changpeng Zhao (CZ) too tweeted about the AUSD situation. cz wrote:

The ACALA protocol is currently compromised. Apparently there was a bug in the iBTC/AUSD pool and [the] The attacker’s wallet now contains over AUSD 1 billion. We monitor. (AUSD is not listed on Binance).

Acala log states that “misconfiguration” resulted in “error minting of a significant amount of AUSD”.

A flood of others reports Let’s say a hacker managed to mint AUSD 1.2 billion, which ultimately caused the stablecoin depegging incident. Hours later, Acala confirmed that there was an error that resulted in the minting of large amounts of AUSD. “We identified the issue as a misconfiguration of the iBTC/AUSD liquidity pool (which went live earlier today) that resulted in a significant amount of AUSD being mis-minted,” the team said said On Sunday.

Alpaca usd (AUSD) chart on Aug 14, 2022 at 3:49pm EST.

Acala says the “misconfiguration has since been fixed” and the team managed to identify the wallets that received the mis-minted AUSD tokens. Acala posted this news at 7:59 a.m. EST, noting that an onchain investigation was ongoing.

“Pending decision on Acala community collective governance [the] After resolving the minting error, those mistakenly minted AUSD that remained on Acala Parachain along with those exchanged native Acala Parachain tokens have been disabled for transfer,” the team said added. Despite this news, the US dollar value of AUSD remains at $0.01159 per coin as of 4:00 p.m. EST, at least according to coinmarketcap.com’s AUSD market data.

Tags in this story $0.01165, AUSD 1.2 billion, Acala Network, ACala Protocol, AUSD, DAI, Depeg, Depegging, Honzon Protocol, iBTC/AUSD Pool, Parity Loss, MIM, Misconfiguration, Polkadot, Polkadot- based stablecoin, stablecoin, stablecoins, USD parity, USDC, USDN, USDT, UST, USTC

What do you think of Alpaca USD (AUSD) depegging from $1 parity on Sunday? Let us know what you think about this topic in the comment section below.

Jamie Redman

Jamie Redman is the news director at Bitcoin.com News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about today’s emerging disruptive protocols.

photo credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer, or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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