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Thursday, August 31, 2017

Ukrainian President sent a letter in support of the American people due to the hurricane raging in Texas

President Petro Poroshenko sent a letter of solidarity and support to the United States President Donald Trump due to Hurricane Harvey playing out in Texas.
“It is moving to see how ordinary Americans help one another, often risking their own lives. Such heroism and unity, despite the extreme conditions, once again convince us of the indomitable spirit and will of the American people in the face of any challenges, whether it is devastating natural disasters or international problems,” the Head of State noted.

Some Thoughts and Advice for Our Students and All Students

August 29, 2017

We are scholars and teachers at Princeton, Harvard, and Yale who have some thoughts to share and advice to offer students who are headed off to colleges around the country. Our advice can be distilled to three words:
Think for yourself.
Now, that might sound easy. But you will find—as you may have discovered already in high school—that thinking for yourself can be a challenge. It always demands self-discipline and these days can require courage.

Upcoming Webinars on Digital Currency

As digital currency continues to evolve, it continues to pose unfolding compliance, regulatory and criminal law challenges.  We will present two webinars on this topic in September, in which we will discuss issues posed under the Bank Secrecy Act and the money laundering and federal securities laws, among other issues.
The first webinar, “Current Trends in Criminal Law:  The Mechanics of Virtual Currency, from Legitimate Use to Misuse,” will be presented through Lawline, on September 7 at 11:30 am ET.

Tuesday, August 29, 2017

Banks to Be Allowed to Provide Loans in Domestic Currency against the Collateral of FX Holdings Held in Customers’ Accounts

As part of further relaxations of anti-recessionary FX restrictions, the National Bank of Ukraine has allowed banks to provide loans in domestic currency against the collateral of FX holdings held in customers’ accounts.

Previously, banks were prohibited from extending loans in domestic currency to the customers (including under the opened credit lines and through rollover of previously extended loans), if the property rights for the foreign currency held in the accounts with the banks were pledged as collateral for such loans. 

Volodymyr Groysman: Cabinet of Ministers started testing of a new vacancy portal in government authorities

 The Cabinet of Ministers in the framework of an administrative reform has commenced testing of the large portal of vacancies in government authorities www.career.gov.ua, Prime Minister of Ukraine Volodymyr Groysman wrote on his Facebook page.

Marketing about power and with power

Often overlooked is the decision every marketer makes about how they will treat the issue of power (asymmetrical or not) in their marketing.
Consider insurance. Companies like Allstate don't market themselves as the dominant force in the relationship. They don't say, "you give us money every month for a very long time, and one day, if we think it's a good idea, we'll give you some money back." Instead, they say, "you're in good hands." Insurance is here to take care of you.
That's pretty different from the power dynamic we see implicit in the marketing of Harley Davidson motorcycles. Buying one makes you James Dean. They give you power over others. Luxury brands promise a similar result in certain social situations.
Horror movies don't promise an equitable experience. You sit there, they scare you.

Quote: Mr. Sammler's Planet by Saul Bellow

"That real prodigy, having set its relations with the infinite, was entirely at home in the finite. Able to carry the jewel of faith, making the motions of the infinite, and as a result needing nothing but the finite and the usual. Whereas others sought the extraordinary in the world. Or wished to be what was gaped at." 

Mr. Sammler's Planet (PDF)

Mr. Sammler's Planet is a 1970 novel by the American author Saul Bellow. It won the National Book Award for Fiction in 1971.

Ukraine National Day

Press Statement
Rex W. Tillerson
Washington, DC
August 24, 2017

On behalf of the Government of the United States of America, best wishes to all Ukrainians on your national day.
As I said in Kyiv last month, we deeply value the friendship we have developed over 25 years of diplomatic relations. We commend your persistence in the face of great challenges, including the Russia-led conflict in Donbas and Russia’s occupation and attempted annexation of Crimea. Despite the hardships you have endured, the people of Ukraine have shown a fierce determination to create economic opportunities, fight corruption, and strengthen their democratic institutions.