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Killexams : SAP Administration test - BingNews Search results Killexams : SAP Administration test - BingNews Killexams : Report: Companies are slow to make transition to SAP S/4HANA

Only a small portion of SAP users have finished making the transition to SAP S/4HANA, which is a version of SAP based on the HANA database, introduced in 2015. According to LeanIX, SAP S/4HANA redefines ERP systems and is the most notable SAP update since 1992 with the introduction of SAP R/3. 

Twelve percent of respondents to LeanIX’s SAP S/4HANA 2022 Survey said they have finished the transformation process. The survey gathered responses from 100 IT professionals in April and May of this year.

SAP will be ending support for SAP ECC (also known as SAP ERP) in 2027, which is one of the reasons companies are needing to migrate, LeanIX explained. 

Fifty-four percent of the respondents view this move as a business transformation rather than a standard technical upgrade. Key skill sets crucial to this process include enterprise architect management and business process modeling. 

About half of respondents identified two main challenges they face during transformation. One challenge is identifying interdependencies in their ERP and non-ERP landscapes. Another is defining a target architecture. Fewer than 20% of survey respondents said they are able to establish an overview of their software landscape within a month, and LeanIX says this is likely a factor in these two challenges. 

Ultimately though, the biggest obstacle for two thirds of respondents is lack of collaboration. The transformation to SAP S/4HANA requires alignment between business, project, and IT teams.

“Time is running out for organizations that plan on moving to SAP S/4HANA,” said André Christ, CEO and co-founder of LeanIX. “With only a third of those surveyed saying they will complete their transformation within the planned time frame, organizations need to focus on actions that will accelerate the process. Enabling effective collaboration between business, project, and IT teams is the critical step they need to take. This will not only speed things up, but will also ensure that the transformation delivers lasting business value.”

Tue, 02 Aug 2022 08:58:00 -0500 en-US text/html
Killexams : As tensions rise over Pelosi’s Taiwan visit, here’s what a US war with China would look like

Speaker Nancy Pelosi is likely headed to Taiwan as early as Tuesday night EDT, meaning US-China tensions are about to boil over, bringing the two superpowers closer to conflict than they’ve been in decades.

And China wants us to know just how angry it is. Beijing’s media mouthpieces have already advocated shooting down her plane, starting what would probably be World War III if the Communists ever did such a thing.

But history tells us China loves to talk tough and do little when confronted, just like any grade-school bully. While the Chinese dragon’s fire will likely be hot air and no military action if Pelosi does head to Taiwan, though, that doesn’t mean an accident couldn’t start a crisis that sets off a chain of events sparking a war between Beijing and Washington.

To be frank, thinking through a path to war is pretty straightforward. What if a missile test off Taiwan’s coast goes bad and hits the island nation? Or what if a Chinese pilot gets too close to the fighter escorts Pelosi will undoubtedly use to travel to Taipei safely? 

That happened in 2001, and the Bush administration had to bribe Beijing to get the pilots and EP-3 surveillance plane that bumped a Chinese fighter back to US soil. 

One thing is clear to me. In various simulations, I have fought nearly 20 different US-China wars since 2013, and there is always one constant: Washington loses nearly every conflict with Beijing. That means America is no longer the world’s global superpower, and China reigns supreme. 

Nancy Pelosi
House Speaker Nancy Pelosi’s planned trip to Taiwan could be a disaster for the United States.
Michael Brochstein/SOPA Images/S
Chinese troops
The US would likely lose if a conflict with China broke out.
Chinese PLA

History tells us why. Thanks to the Obama-Biden defense cuts of the 2010s and the Biden administration today having no military strategy for China, Beijing has built a military ready to win the scenario we potentially face — a showdown over Taiwan. 

If the dogs of war did run wild, China has a clear plan for how it would try to decimate US forces in Asia. 

First, Beijing would attack all the ways US forces communicate and share information across the globe, the real but unsexy reason America is a superpower. China would unleash a massive cyberattack on the US military’s command-and-control assets, communications nodes and military bases worldwide. If the US military is blinded, it cannot fight or see what is coming next.

At the same time, China would destroy US commercial, spy and military satellites in orbit using sophisticated anti-satellite weapons it’s been developing for years and has demonstrated. The US military would then be blind and mute — unable to relay orders to forces to strike China back effectively.

The Chinese military is ready for a potential conflict over Taiwan.
The Chinese military is ready for a potential conflict over Taiwan.
Getty Images

Here’s where it gets even more dangerous. Beijing has built up a massive arsenal of cruise, ballistic and now hypersonic missiles to attack and destroy US bases and warships across the Indo-Pacific region. China would attempt to deploy all its military assets all over the region in one giant attack. We would see countless bases destroyed or rendered useless for weeks, aircraft carriers and cruisers sunk and tens of thousands of US servicemen killed in what would be minutes. 

In effect, China’s armed forces would expose the mistakes of Barack Obama and Joe Biden in less than an hour.  

This bolt from the blue would happen all at once, all done to deter the United States and the American people from thinking about escalating matters further — to sap the will of any US president. 

Think of it this way: If America has no operable bases to send forces to, if much of its Navy is at the bottom of the Pacific rusting away and the rest would have to fight its way across thousands of miles of ocean to strike back at China, at what point would Team Biden quit the fight like Afghanistan? 

You know how this story goes: Joe Biden hands Asia to China. And Putin will see it as a green light, of course, to do whatever he wants in Europe. 

The good news is that a war with China over Pelosi’s grandstanding visit seems pretty unlikely. History, however, tells us that conflicts can happen when you least expect them and can start over what seem to be minor events or accidents.

And unfortunately, if America and China were to come to blows for any reason whatsoever, the US military would lose that conflict.

Harry J. Kazianis is president and CEO of Rogue States Project, a bipartisan national-security think tank. He is the author of “The Tao of A2/AD: Beijing’s Asymmetric Strategy to Defeat the United States on the Battlefield.”

Twitter: @Grecianformula

Mon, 01 Aug 2022 10:28:00 -0500 en-US text/html
Killexams : Cloudify has teamed up with ServiceNow to help businesses automate their cloud infrastructure

Your company may benefit greatly from the presence of clouds. If you can make it work for you, and that’s a huge if. Businesses like Cloudify, which offers an open source B2B e-commerce platform, may help with this. With the addition of ServiceNow IT Operations Management (ITOM) to the Cloudify infrastructure automation platform, you can make it even more powerful.

Orders, pricing, products, and stock data can all be seamlessly integrated with a wide variety of ERP systems, including SAP, NetSuite, and Microsoft Dynamics, with the help of Cloudify. Warehouse and accounting back office systems may also be used. The usage of plugins enables you to extend the functionality of your current toolchains such as Jenkins, Terraform and Ansible. Together, they form the “Ecosystem As A Service” offered by Cloudify (EaaS). Founder and CTO Nati Shalom of Cloudify views EaaS as the future of DevOps. When it comes to driving innovation and simplifying dispersed systems, Shalom stated, “it’s all about how to do it.”

When it comes to running apps across several cloud or data centre platforms, EaaS promises to be able to orchestrate and automate the whole process.

The Cloudify platform has extended its scope one again today. Purchase it from the ServiceNow Store right now. With Cloudify and ITOM, you can cooperate with your development team to automatically correct your cloud resource settings.

This is accomplished via the use of ServiceNow Cloud Configuration Governance to verify resources (CCG).

Remedial action is then triggered. Cloudify then takes care of this for you. ServiceNow or CI/CD pipelines are used to complete the last step of the deployment process.

Customers may “enjoy a self-service experience required to fast set up and take down dev/test environments, as well as simplifying change management of production systems,” according to the business.

In order to create, share, and manage cloud and multi-cloud work environments for your cloud developers, this pair provides the tools you need. Daily, the Now Platform serves as a vehicle for process automation. Day 2 management and environment setup are also taken care of by Cloudify.

With the help of Cloudify and ITOM, businesses can streamline the provisioning and administration of multi-cloud infrastructure installations by collaborating between their DevOps and IT teams.

According to Cloudify, the ServiceNow integration makes it simpler to:

  • Control regulations, automate configuration compliance, and ensure uniformity of tag use across several cloud infrastructures. IT teams may use ITOM Governance to set and enforce configuration and tag regulations, as well as discover infractions. In this case,
  • ITOM Governance and Cloudify may be used to address the problem.
  • Bring the IT and DevOps teams together. Maintaining the deployed environment while allowing IT operators to fix violations using ServiceNow is accomplished by utilising Cloudify. The CI/CD pipelines and ServiceNow operations may now be seen via a single pane of glass.
  • All of this reduces downtime during cleanup.

As a consequence, what happened? In a news statement, ServiceNow’s ITOM VP and GM Brian Emerson noted, “Developers are constantly being expected to move quicker and bring new features into production rapidly.” As a result, they will be able to meet demand. DevOps can now manage diverse cloud environments at scale while complying with IT standards, according to Cloudify CEO Ariel Dan.” Finally, “an company may manage end-customer environments and internal Dev/QA/Production environments more effectively,” as a result.

And, after all, isn’t it your ultimate objective to better manage and use your company’s cloud and its resources? Yes, that’s what I’m thinking.

Wed, 27 Jul 2022 00:22:00 -0500 Catherine A. Leal en-US text/html
Killexams : BRK Ambiental Is On A Mission To Excellerate Brazil’s ESG Standards

When BRK Ambiental comes to town, they build more than just a sewer. The company is one of the largest privately owned waste management organizations in Brazil – a country of over 200 million people, of which half do not have access to sewage networks.

“The need is great,” said Alain Arcalji, Vice President, Shared Services, BRK Ambiental, at the exact International Conference for Utilities, presented by SAP and TAC Events in Munich, Germany. “Giving people access to clean water and sanitation is the same as giving them dignity.”

Improving lives

In the vast majority of Brazilian slums, raw sewage is dumped directly into the street or nearby waterways. Lack of sanitation is directly connected to a myriad of health, environmental, and social problems.

The greater the deficit of proper sewage, the lower the life expectancy at birth. Every year, hundreds of thousands of workers in Brazil miss work due to gastrointestinal problems linked to poor sanitation. Studies show that children with access to sanitation have 18% higher educational attainment than those without access. In addition to serious health risks, lack of sanitation has widespread detrimental environmental effects.

“Sanitation serves as a building block to improving quality of life and guaranteeing safe and healthy living conditions for residents,” said Arcalji. “But most importantly, we go beyond the basics. We make people feel good about themselves and their community. I’ve seen neighborhoods flourishing once sanitation has been installed. Where sludge used to run, people are whitewashing the walls. Where you once had wasteland, people are planting trees and gardens.”

BRK’s purpose is improving lives. The company’s strategy is fully aligned to all the UN Sustainable Development Goals (SDGs) but goal #6, to ensure access to water and sanitation for all, is its core business. The journey to better waste management is fraught with obstacles and hampered by conflicting political interests particularly in terms of investments.

Public opinion, on the other hand is obviously positive. The company, which operates 22 concessions serving 16 million customers, works hand in hand with local public entities to negotiate contracts, secure funding and permits, build and manage infrastructure and create awareness.

“Brazil’s water networks are old and faulty. Only 60 of every 100 liters that go through the system are actually used,” Arcalji explained. While the world’s largest river system, the Amazon, is found in Brazil, there are thousands of kilometers and many arid landscapes between it and the nation’s largest cities and industrial activities in the south. Meeting the needs of communities across the world’s fifth-largest country requires massive investments in new infrastructure, including thousands of kilometers of waste management networks and systems.

Accurate reporting on environmental, societal, and governance (ESG) factors is a top priority. In 2021 BRK was rated #1 Company ESG Risk Rating - Sustainalytics in the Americas in the ESG Risk Rating for Water Management by Sustainalytics, a global provider of high-quality, analytical environmental, social and governance (ESG) research, ratings, and data to institutional investors and companies. Globally, it was rated #4.

“We’re very proud of these results,” said Arcalji. “Our goal is to achieve zero emissions by 2040, 10 years ahead of the target set by the United Nations. And we aim to reduce water leakage from 35 to 25% by the end of this decade.”

Driving efficiency

Treating the equivalent of 100,000 olympic pools of wastewater per year is not for the faint-hearted. BRK’s exemplary performance is only possible with the right technology. The company implemented SAP S/4HANA in 2020.

Arcalji, reponsible for all shared services including IT, asset administration, and financial planning, was put in charge of the transformation project two weeks before the start of the pandemic. At the same time, Brazil adopted a new regulatory framework aimed to provide 99% of the population with clean water access and 90% with adequate sewage facilities by 2035. With no federal regulations in place, performing the job is up to the states and municipalities, which in turn depend on private and public partnerships with companies such as BRK.

“The competitive landscape practically changed overnight,” said Arcalji. “SAP S/4HANA gives us the necessary agility for onboarding new concessions and consolidating legacy platforms and systems, and it provides a robust platform for sustainable growth. With SAP, we can handle the surge in competition and also provide our customers with digital services, an absolutely crucial requirement in this day and age.”

According to Arcalji, the project succeeded as well as it did thanks to a dedicated communications campaign to create awareness throughout the company about the importance of transformation. In addition, process owners were given full control of their areas and were trusted to make the right decisions. As a result, BRK Ambiental now has a single source of truth, completely standardized and streamlined business processes, and analytical capabilities covering all aspects of the business. It was also able to radically reduce legacy systems, which led to significant gains in total cost of ownership.

Arcalji had high praise for his team of 100 who helped ensure the success of the 12-month implementation. He concluded that migrating an ERP system is like launching a rocket.

“You can test all the parts as often as you want, but you’ll only know if it works as a whole once you launch it,” said Arcalji. “After that, there is no way back; it will either crash or fly. Ours flew high.”

Follow me on Twitter @magyarj

Thu, 04 Aug 2022 04:00:00 -0500 Judith Magyar en text/html
Killexams : Peer-Reviewed Study Shows Measurable Impact on Employee Health and Productivity from Employee Assistance Program No result found, try new keyword!To many employers, the value of an employee assistance program (EAP) is based on the understanding that employees with unresolved mental health, substance use and emotional wellbeing concerns often ... Sun, 07 Aug 2022 23:00:00 -0500 Killexams : LeanIX Survey Reveals Only 12% of SAP Users Have Finished the SAP S/4HANA Transformation

66% of SAP users say the biggest hurdle is aligning business, project, and IT teams

BONN, Germany and BOSTON, July 28, 2022 /PRNewswire/ -- LeanIX, a leading platform enabling continuous transformation of corporate and product IT, today announced the findings of its SAP S/4HANA 2022 Survey. The report reveals that organizations need to view the SAP S/4HANA transformation as more than a technical upgrade — it is a business imperative. The report also found that the inherent complexity of the ERP landscape and its connection to the broader IT landscape complicates and slows down the transformation process. As a result, many organizations have barely started the transformation — and time is running out.

The survey looked at the challenges companies face in the transformation process, the primary drivers of SAP S/4HANA transformation, the phases and timing of SAP S/4HANA transformation, the levels of customization in existing ERP systems, the state of collaboration between SAP & EA teams, and the appropriate involvement of EAs in the transformation process.

Key findings from the report include:

  • Over half the respondents (54%) see the move to S/4HANA as a business transformation, not a technical upgrade. Respondents also identified enterprise architect management and business process modeling as the disciplines most critical to the process.

  • When it comes to ERP, companies face a lot of complexity. Over 70% of companies run more than one ERP system and more than half of the companies surveyed use ERP systems from more than one vendor.

  • About half of the respondents said both identifying interdependencies between ERP and non-ERP landscapes and defining the target architecture as the top challenges faced in in their SAP S/4HANA transformation. These challenges arise in part from the fact that fewer than 20% of respondents can establish an overview of their entire software landscape in under a month.

  • To complete a successful transformation, collaboration is essential. The biggest obstacle to transformation? Aligning business, project, and IT teams, say two-thirds of those surveyed. Less than half (38%) of EAs describe their involvement in the SAP S/4HANA transformation as sufficient, which represents a drop from the level of involvement reported in last year's LeanIX SAP S/4HANA survey (47%).

"Time is running out for organizations that plan on moving to SAP S/4HANA," said André Christ, CEO and Co-Founder of LeanIX. "With only a third of those surveyed saying they will complete their transformation within the planned timeframe, organizations need to focus on actions that will accelerate the process. Enabling effective collaboration between business, project, and IT teams is the critical step they need to take. This will not only speed things up, but will also ensure that the transformation delivers lasting business value."

For more information about LeanIX, visit

Survey Methodology
In April and May 2022, 100 IT experts from international enterprises participated in an online survey conducted by LeanIX and focused on the transformation process, ERP systems, the importance of collaboration and the challenges faced. For readability, the results in this report are presented as rounded percentages.

About LeanIX
LeanIX's Continuous Transformation Platform® is trusted by Corporate IT and Product IT to achieve comprehensive visibility and superior governance. Global customers organize, plan and manage IT landscapes with LeanIX's automated and data-driven approach. Offering Enterprise Architecture, SaaS Management, and Value Stream Management, LeanIX helps organizations make sound decisions and accelerate transformation journeys. LeanIX has hundreds of customers globally, including Adidas, Atlassian, Bosch, Dropbox, Santander and Workday. The company is headquartered in Bonn, Germany, with offices in Boston and around the world.


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Thu, 28 Jul 2022 00:00:00 -0500 en-US text/html
Killexams : Senate Passes Climate and Tax Bill After Marathon Debate

WASHINGTON — The Senate passed legislation on Sunday that would make the most significant federal investment in history to counter climate change and lower the cost of prescription drugs, as Democrats banded together to push through major pieces of President Biden’s domestic agenda over unified Republican opposition.

The measure, large elements of which appeared dead just weeks ago amid Democratic divisions, would inject more than $370 billion into climate and energy programs. Altogether, the bill could allow the United States to cut greenhouse gas emissions about 40 percent below 2005 levels by the end of the decade.

It would achieve Democrats’ longstanding goal of slashing prescription drug costs by allowing Medicare for the first time to negotiate the prices of medicines directly and capping the amount that recipients pay out of pocket for drugs each year at $2,000. The measure also would extend larger premium subsidies for health coverage for low- and middle-income people under the Affordable Care Act for three years.

And it would be paid for by substantial tax increases, mostly on large corporations, including establishing a 15 percent corporate minimum tax and imposing a new tax on company stock buybacks.

Initially pitched as “Build Back Better,” a multi-trillion-dollar, cradle-to-grave social safety net plan on the order of the Great Society, Democrats scaled back the legislation in exact months and rebranded it as the Inflation Reduction Act. It was projected to lower the federal deficit by as much as $300 billion over a decade, though it remained to be seen whether it would counter inflation or lower costs for Americans in the long term.

Passage of the measure was a major victory for Mr. Biden and Democrats, who are battling to maintain their slim House and Senate majorities in November’s midterm congressional elections. Facing unanimous opposition by Republicans, who have used filibusters to block many elements of their domestic agenda, Democrats took full advantage of the Senate’s special budget rules to force through as much of it as they could with the support of all 50 members of their caucus.

The final tally was 51 to 50, with Vice President Kamala Harris casting the tiebreaking vote. The House planned to interrupt its summer break to reconvene briefly on Friday to clear the measure, sending it to Mr. Biden for his signature.

“Today, Senate Democrats sided with American families over special interests, voting to lower the cost of prescription drugs, health insurance, and everyday energy costs and reduce the deficit, while making the wealthiest corporations finally pay their fair share,” Mr. Biden said in a statement.

The Senate vote was the culmination of more than a year of hard-fought negotiations between the party’s progressive core, which demanded a transformational plan that would touch every aspect of American life, and a conservative-leaning flank that sought a much narrower package. Those talks played out against the backdrop of a 50-50 Senate in which any single defection could have killed the effort — and nearly did, several times.

“The caucus overwhelmingly is focused on what’s in this bill — not what’s not in the bill, even though every one of us would want more — because what’s in the bill is so incredible,” Senator Chuck Schumer of New York, the majority leader, said in an interview. “You had to thread the needle.”

Approval came after a weekend session featuring an all-night voting marathon that stretched for 16 hours, in which Republicans tried and failed repeatedly to derail the legislation, and Democrats united to beat back nearly all of their efforts.

Republicans did succeed in forcing the removal of a $35 cap on insulin prices for patients on private insurance, challenging it as a violation of Senate rules in a vote that Democrats were all but certain to use as a political weapon against them ahead of the midterms. The insulin price cap for Medicare patients remained untouched in the bill, with the potential to help millions of seniors.

As part of its landmark climate and energy initiative, which would put the Biden administration within reach of its aim to cut emissions roughly in half by 2030, the bill would offer tax incentives to steer consumers to electric vehicles and lure electric utilities toward renewable energy sources like wind or solar power. It also includes millions of dollars in climate resiliency funding for tribal governments and Native Hawaiians, as well as $60 billion to help disadvantaged areas that are disproportionately affected by climate change.

For Democrats, passage of the measure capped a remarkably successful six-week stretch that included final approval of a $280 billion industrial policy bill to bolster American competitiveness with China and the largest expansion of veterans’ benefits in more than two decades. But unlike those bills, the tax and climate legislation passed the evenly divided Senate along party lines, condemned by Republicans as federal overreach and reckless spending at a time when prices remain high across the country.

The measure fell far short of Mr. Biden’s original vision for the plan and the $2.2 trillion measure that the House passed in November. To accommodate the demands and concerns of two holdouts, Senators Joe Manchin III of West Virginia and Kyrsten Sinema of Arizona, Democrats jettisoned billions of dollars for child care, paid leave and public education and set aside plans to roll back key elements of the 2017 Republican tax overhaul.

Credit...T.J. Kirkpatrick for The New York Times

But the final package contained a series of proposals that Democrats have labored for decades to push through. If enacted, it would be the most significant climate law ever put in place in the United States, investing hundreds of billions of dollars over 10 years in tax credits for manufacturing facilities for things like electric vehicles, wind turbines and solar panels, and $30 billion for additional production tax credits to accelerate domestic manufacturing of solar panels, wind turbines, batteries and critical minerals processing. It would also impose a fee to penalize excessive emissions of methane, a greenhouse gas.

The legislation would allow Medicare to negotiate the cost of up to 10 prescription drugs initially, beginning in 2026, and give seniors access to free vaccines. Coupled with a three-year extension of expanded health care subsidies first approved last year as part of the $1.9 trillion pandemic aid law, the package amounts to the largest change to national health policy since the passage of the Affordable Care Act.

To finance much of the plan, the measure would institute a new 15 percent corporate minimum tax that would apply to the profits that companies report on their financial statements to shareholders, known as book income. It would impose a new 1 percent tax on corporate stock buybacks beginning in 2023. The measure also would pour $80 billion into the I.R.S. to bulk up the agency’s enforcement arm and crack down on wealthy corporations and tax evaders. That provision is estimated to raise $124 billion over a decade.

“When I come to the end of my service in the Senate, I’ll look back on the passage of this bill as one of the most significant things that I’ve had an opportunity to work on,” said Senator Tina Smith, Democrat of Minnesota and one of the many climate hawks who pushed for the legislation.

Congressional Republicans hammered the bill as an exorbitant spending package with damaging tax hikes that would inflict more pain on the nation’s economy at a perilous moment. While outside analysis suggested the legislation would reduce the federal budget deficit by the end of the decade and have a limited impact on federal spending, Republicans continued to brand it a “reckless tax and spending spree.”

“Democrats’ policies have torn down the savings, the stability and the lifestyles that families worked and sacrificed for years to build up,” Senator Mitch McConnell of Kentucky, the minority leader, said on Sunday. “The effect of this one-party government has been an economic assault on the American middle class.”

It was the second time in less than two years that Democrats muscled through a sprawling spending package without any Republican support, following passage of the $1.9 trillion pandemic aid package last year. Since inflation skyrocketed in the months after that measure became law, Republicans warned that Democrats were exacerbating the economic stress facing American families by passing the legislation.

Credit...Haiyun Jiang/The New York Times

Senator Lindsey Graham of South Carolina, the top Republican on the Budget Committee, announced Saturday evening that he had “thought long and hard about how to explain this to the American people, and the only thing I can tell you is insanity is defined as doing the same thing and expecting a different outcome.”

But there was little Republicans could do to stop passage once Mr. Manchin and Ms. Sinema said they would support it. Democrats moved the bill under the special process known as reconciliation, which shields budget measures from filibusters.

There was a price for Mr. Manchin’s and Ms. Sinema’s support, however.

Mr. Manchin ensured that the interests of his coal-producing state were reflected in the final bill. In addition to securing separate commitments to complete construction of a natural gas pipeline in West Virginia and votes on a measure to help fast-track permits for energy infrastructure, he fought to include tax credits for carbon capture technology and requirements for new oil drilling leases in Alaska’s Cook Inlet and the Gulf of Mexico.

Ms. Sinema extracted her own concessions, including $4 billion to help Western states combat historic drought levels and the preservation of a tax break that allows venture capitalists and hedge fund managers to pay substantially lower taxes on some of their income than other taxpayers.

She also preserved a valuable deduction known as bonus depreciation, used by manufacturers when they purchase equipment, that they could have lost or seen diluted under the new corporate minimum tax rules. And on Sunday afternoon, just as the measure appeared on a glide path to approval, she insisted on yet another change, backing a Republican proposal to shield hedge fund and portfolio companies from being hit by the minimum tax.

The concessions frustrated liberals, particularly Senator Bernie Sanders, the Vermont independent and Budget Committee chairman who had pushed for spending as much as $6 trillion on the domestic policy package. He proposed changes to the measure during the all-night voting session, though most Democratic senators opposed them in order to protect the final product.

By Sunday afternoon around 3:30, staff aides wiped away tears as they watched the final vote on the floor. Democratic senators whooped with joy and hugged one another after the gavel fell, making a point of thanking and acknowledging Mr. Manchin and Ms. Sinema.

“This is pretty nearly a political miracle to negotiate with a caucus that is as diverse as we have, from Bernie to Manchin,” said Senator Brian Schatz, Democrat of Hawaii, who openly wept on the Senate floor during the final vote. “This thing got killed and got revived and got killed and got revived — all the way to the end.”

Reporting was contributed by Luke Broadwater, Lisa Friedman, Stephanie Lai, Alan Rappeport Sheryl Gay Stolberg and Jim Tankersley.

Sun, 07 Aug 2022 00:04:00 -0500 en text/html
Killexams : Australia urged to cut gas exports in fresh threat to prices

Australia is considering curbing exports of gas as it battles energy shortages, in a fresh threat to rising energy prices.

Its Government is exploring limited restrictions after its consumer watchdog warned that extra gas was needed to offset falling output at its own offshore fields.

The forecast deficit is small, but risks adding to pressure on global prices given the shortages in the global market worsened by Russia’s war on Ukraine.

Australia is one of the world’s three largest exporters of liquified natural gas (LNG), alongside Qatar and the US, exporting roughly 100 shipments per month so far this year.

The Australian Competition and Consumer Commission (ACCC) found that its LNG exporters were likely to withdraw more gas from the domestic market than they would supply, predicting a shortfall in eastern Australia equivalent to about 14 LNG shipments.

Under the Australian Domestic Gas Supply Mechanism, LNG exporters on Australia’s east coast can be ordered to divert gas to the domestic market to prevent shortfalls.  

Madeleine King, resources minister, is now set to consult with the industry and LNG customers before making a decision in October.

The UK relied on LNG shipments from countries around the world for about 17pc of its gas in 2021.

This generally comes to the UK from countries other than Australia, such as Qatar, the US, and Algeria. However, curbs on Australian exports could have a knock-on effect in Britain by increasing competition for other supplies and therefore, prices.

Russia’s war on Ukraine has significantly worsened global gas shortages as Russia restricts gas to Europe, pushing wholesale prices in the UK and Europe to record levels.

High wholesale prices have led to record high energy bills in Britain. The price cap on energy bills climbed 54pc in April to £1,977 and is expected to rise above £3,000 when it is next reset in October.

High wholesale gas and coal prices in Australia in June triggered chaos in its electricity markets, with regulators intervening to avert blackouts.

Australia’s Domestic Gas Supply Mechanism was set up in 2017 but has never been triggered. It was originally due to end in 2023 but is now being extended to 2030.

Ms King said she wants to make sure there is enough affordable gas available locally but also wants to “respect the trust” of international buyers in Australia’s energy exports.

Santos, one of the LNG suppliers that would be affected by any curbs, said it opposed the move and argued it would “seriously damage Australia's reputation with investors and customers".

Mon, 01 Aug 2022 05:15:00 -0500 en-GB text/html
Killexams : Hitler's watch sells at Maryland auction for $1.1 million

Read this news in brief form

A Maryland auction house has sold a wristwatch that once belonged to Adolf Hitler for $1.1 million.

Alexander Historical Auctions in Chesapeake City had estimated the value between $2 and $4 million, describing the watch as a “World War II relic of historic proportions.”

News outlets report that Jewish leaders and others objected to the sale this week, saying it had little to no historical value.

The auction house's president, Bill Panagopulos, defended the auction and said the buyer is a European Jew.

The watch features the initials AH and a swastika. The auction house said a French soldier who was in the first unit to close in on Hitler in May 1945 at his Berchtesgaden retreat seized it as spoils of war.

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  • A courier stands on an electric bike to make a delivery over a barricade, amid lockdown measures to curb the coronavirus disease (Covid-19) outbreak in Sanya, Hainan province, China. (REUTERS)

    China races to contain Covid outbreaks in tourism hubs Tibet, Hainan

    Chinese authorities on Tuesday closed down parts of Tibet and launched mass testing in the capital after a rare outbreak of Covid-19 was reported in the remote region, even as the local government scrambles to contain Covid clusters in Hainan province's tourism hotspot, where thousands of tourists remain stranded. Authorities also suspended large events, shut entertainment and religious venues, and closed some tourist sites, including the famous Potala and Norbulingka Palaces, both world heritage sites.

  • In this August 9, 1945 file photo, a mushroom cloud rises moments after the atomic bomb was dropped on Nagasaki, southern Japan.

    77 years for Atomic Bombing- Nagasaki marks anniversary

    Nagasaki paid tribute to the victims of the US atomic bombing 77 years ago on Aug 9, with the mayor saying Russia's war on Ukraine showed the world that another nuclear attack is not just a worry but "a tangible and present crisis". Read Reducing the risk of a nuclear war The United States dropped the world's first atomic bomb on Hiroshima on Aug 6, 1945, destroying the city and killing 140,000 people.

  • Yuan Wang 5 vessel is used by the People’s Liberation Army (PLA). (File image)

    SL reaffirms excellent relations with China post deferring visit by Chinese ship

    Sri Lanka on Tuesday said its “excellent relations” with China remain on a solid foundation even as it explained that it had deferred a proposal for a Chinese research vessel to call at Hambantota port because of the need for further consultations. The vessel, equipped with powerful radars and surveillance equipment, was earlier scheduled to call at Hambantota port, which is controlled by China, on August 11 for replenishment.

  • File photo of mass testing for coronavirus.

    Chinese cities in Tibet begin mass Covid testing as clusters grow in Hainan

    Parts of Tibet are running mass COVID-19 testing on Tuesday, including the Chinese autonomous region's two largest cities, to fight a rare flare-up, while clusters were growing in tropical Hainan and in Xinjiang in China's west. Subvariants of the highly transmissible Omicron are challenging China's strategy of swiftly blocking the spread of each nascent cluster. Mainland China reported 828 new domestically transmitted cases for Aug. 8, official data showed on Tuesday.

  • A Chinese military jet flies over Pingtan island, one of mainland China's closest points to Taiwan, in Fujian province on Saturday. 

    Beijing using Pelosi as an excuse for war games, says Taiwan

    China used the visit of US House Speaker Nancy Pelosi to Taipei as a pretext to hold war games in the region that helped prepare it for a possible invasion of the island, Taiwan's foreign minister said, adding Beijing had been planning the move for some time. Taiwan responded by deploying aircraft and vessels, issuing radio warnings and deploying land-based missile systems to monitor the activities.

Sun, 31 Jul 2022 12:43:00 -0500 en text/html
Killexams : Omicron BA.5 dominant subvariant, Covid hospitalisations rising, says WHO expert No result found, try new keyword!Omicron, the latest variant of concern, is dominant worldwide, the World Health Organization’s infectious disease epidemiologist, Dr Maria Van Kerkhove, has said, underlining that about half of the ... Sat, 30 Jul 2022 18:21:10 -0500 en-in text/html
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