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https://nunatsiaq.com/stories/article/feds-call-for-innovative-ways-to-help-food-security-in-north/
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<p>An Iqaluit resident protests high food prices in the North in 2012. The federal government is calling for project proposals to improve food security in Nunavut and the other territories. (File photo by David Murphy)</p><div readability=”62.839451570102″>
<p>If you have an idea for how to address hunger and malnutrition in the North, the federal government says it wants to hear it.</p>
<p>The Canadian Northern Economic Development Agency recently announced the launch of its Northern Food Innovation Challenge, which aims to improve food security in the three territories.</p>
<p>Finalists in the challenge could receive up to $1 million to help put their projects into action, CanNor said in a recent news release.</p>
<p>Last year, Statistics Canada reported 57 per cent of Nunavut’s population was food insecure, based on data from 2017-18. That was <a href=”https://nunatsiaq.com/stories/article/new-statcan-data-shows-food-insecurity-worst-among-nunavut-single-mothers/”>more than four times the national average</a> of 12.7 per cent.</p>
<p>Being food insecure means not having access to sufficient, safe, and nutritious food that allows for an active and healthy life, as defined by the Nunavut Food Security Coalition.</p>
<p>The coalition’s website lists some causes of food insecurity in the North:</p><div class=”ad-aligncenter”><div class=”ad-row”>
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<li>Large family sizes</li>
<li>High costs and low income</li>
<li>Transportation delays</li>
<li>Changing access to hunting grounds and changing wildlife stocks</li>
<li>Environmental contaminants and poor wildlife health</li>
<li>Unhealthy store-bought food</li>
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<p>Women, children and Indigenous peoples are most vulnerable to food insecurity, the CanNor release states.</p>
<p>The StatCan study showed 52.3 per cent of single-mother households with children under 18 in Nunavut were severely food insecure. The agency did present that number with caution because of a small sample size in the territory.</p>
<p>Not-for-profit associations, Indigenous and municipal governments, small businesses and other organizations can submit project proposals until March 31.</p>
<p>In June, about eight applicants will receive funding of up to $250,000 to launch a prototype of their project.</p>
<p>Then up to three finalists will be selected, who will be eligible to receive up to $1 million to put their projects into action in at least one of the territories.</p>
<p>A workshop will be held in the summer or fall to facilitate the exchange of ideas between applicants, experts and other interested parties, CanNor said.</p><div class=”ad-aligncenter”><div class=”ad-row”>
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<p>The challenge is part of the $15-million Northern Isolated Community Initiatives Fund, a five-year program that supports community-led projects for Indigenous food production systems like greenhouses, community freezers and skills training.</p>
</div><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 11 Feb 2021 17:18:25 +0000 Nunatsiaq News
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https://finance.yahoo.com/news/mars-food-commits-delivering-5-135400615.html
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<div><img src=”https://s.yimg.com/uu/api/res/1.2/C84m37VeTJ8wv32TPzBfyA–~B/aD0xNjt3PTE2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/prnewswire.com/3e7da206bd7e729d19f5c2b5ac425ccc” class=”ff-og-image-inserted”></div><p><span class=”D(ib) Mt(2px) Mb(4px) C($c-fuji-grey-m)”>Bloomberg</span></p><h4 class=”C($c-fuji-grey-m) Fw(600) Fz(16px) M(0) Mb(5px) Lh(1.25em) Trs(colorTransition) item-hover-trigger:h_C($titleHoverColor)”><a class=”Td(n) C($inherit) LineClamp(2,45px) D(f) js-content-viewer rapidnofollow” data-uuid=”ae3af261-4a0a-3754-b95c-4a00e6bf4887″ href=”https://finance.yahoo.com/news/crypto-kid-had-23-000-120000170.html” data-ylk=”elm:hdln;itc:0;pos:1;sec:strm;subsec:moreforyou;cpos:2;ct:story;g:ae3af261-4a0a-3754-b95c-4a00e6bf4887″ data-hosted-type=”HOSTED” data-wf-caas-prefetch=”1″ data-wf-caas-uuid=”ae3af261-4a0a-3754-b95c-4a00e6bf4887″>This Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came.</a></h4><p class=”M(0) C($summaryColor) Fz(14px) Lh(1.43em) LineClamp(3,60px)”>(Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price fluctuations. A little more than a year after it started, he bragged the fund had returned 500%, a claim that produced a flurry of new money from investors.He became so flush with cash, Qin signed a lease in September 2019 for a $23,000-a-month apartment in 50 West, a 64-story luxury condo building in the financial district with expansive views of lower Manhattan as well as a pool, sauna, steam room, hot tub and golf simulator.In reality, federal prosecutors said, the operation was a lie, essentially a Ponzi scheme that stole about $90 million from more than 100 investors to help pay for Qin’s lavish lifestyle and personal investments in such high-risk bets as initial coin offerings. At one point, facing client demands for their money, he variously blamed “poor cash flow management” and “loan sharks in China” for his troubles. Last week, Qin, now 24 and expressing remorse, pleaded guilty in federal court in Manhattan to a single count of securities fraud.“I knew that what I was doing was wrong and illegal,” he told U.S. District Judge Valerie E. Caproni, who could sentence him to more than 15 years in prison. “I deeply regret my actions and will spend the rest of my life atoning for what I did. I am profoundly sorry for the harm my selfish behavior has caused to my investors who trusted in me, my employees and my family.”Eager InvestorsThe case echoes similar cryptocurrency frauds, such as that of BitConnect, promising people double-and triple-digit returns and costing investors billions. Ponzi schemes like that show how investors eager to cash in on a hot market can easily be led astray by promises of large returns. Canadian exchange QuadrigaCX collapsed in 2019 as a result of fraud, causing at least $125 million in losses for 76,000 investors.While regulatory oversight of the cryptocurrency industry is tightening, the sector is littered with inexperienced participants. A number of the 800 or so crypto funds worldwide are run by people with no knowledge of Wall Street or finance, including some college students and recent graduates who launched funds a few years ago.Qin’s path started in college, too. He had been a math whiz who planned on becoming a physicist, he told a website, DigFin, in a profile published in December, just a week before regulators closed in on him. He described himself on his LinkedIn page as a “quant with a deep interest and understanding in blockchain technology.”In 2016, he won acceptance into a program for high-potential entrepreneurs at the University of New South Wales in Sydney with a proposal to use blockchain technology to speed up foreign exchange transactions. He also attended the Minerva Schools, a mostly online college based in San Francisco, from August 2016 through December 2017, the school confirmed.Crypto BugHe got the crypto bug after an internship with a firm in China, he told DigFin. His task had been to build a platform between two venues, one in China and the other in the U.S., to allow the firm to arbitrage cryptocurrencies.Convinced he had happened upon a business, Qin moved to New York to found Virgil Capital. His strategy, he told investors, would be to exploit the tendency of cryptocurrencies to trade at different prices at various exchanges. He would be “market-neutral,” meaning that the firm’s funds wouldn’t be exposed to price movements.And unlike other hedge funds, he told DigFin, Virgil wouldn’t charge management fees, taking only fees based on the firm’s performance. “We never try to make easy money,” Qin said.By his telling, Virgil got off to a fast start, claiming 500% returns in 2017, which brought in more investors eager to participate. A marketing brochure boasted of 10% monthly returns — or 2,811% over a three-year period ending in August 2019, legal filings show.His assets got an extra jolt after the Wall Street Journal profiled him in a February 2018 story that touted his skill at arbitraging cryptocurrency. Virgil “experienced substantial growth as new investors flocked to the fund,” prosecutors said.Missing AssetsThe first cracks appeared last summer. Some investors were becoming “increasingly upset” about missing assets and incomplete transfers, the former head of investor relations, Melissa Fox Murphy, said in a court declaration. (She left the firm in December.) The complaints grew.“It is now MID DECEMBER and my MILLION DOLLARS IS NOWHERE TO BE SEEN,” wrote one investor, whose name was blacked out in court documents. “It’s a disgrace the way you guys are treating one of your earliest and largest investors.”Around the same time, nine investors with $3.5 million in funds asked for redemptions from the firm’s flagship Virgil Sigma Fund LP, according to prosecutors. But there was no money to transfer. Qin had drained the Sigma Fund of its assets. The fund’s balances were fabricated.Instead of trading at 39 exchanges around the world, as he had claimed, Qin spent investor money on personal expenses and to invest in other undisclosed high-risk investments, including initial coin offerings, prosecutors said.So Qin tried to stall. He convinced investors instead to transfer their interests into his VQR Multistrategy Fund, another cryptocurrency fund he started in February 2020 that used a variety of trading strategies — and still had assets.‘Loan Sharks’He also sought to withdraw $1.7 million from the VQR fund, but that aroused suspicions from the head trader, Antonio Hallak. In a phone call Hallak recorded in December, Qin said he needed the money to repay “loan sharks in China” that he had borrowed from to start his business, according to court filings in a lawsuit filed by the Securities and Exchange Commission. He said the loan sharks “might do anything to collect on the debt” and that he had a “liquidity issue” that prevented him from repaying them.“I just had such poor cash flow management to be honest with you,” Qin told Hallak. “I don’t have money right now dude. It’s so sad.”When the trader balked at the withdrawal, Qin attempted to take over the reins of VQR’s accounts. But by now the SEC was involved. It got cryptocurrency exchanges to put a hold on VQR’s remaining assets and, a week later, filed suit.Asset RecoveryBy the end, Qin had drained virtually all of the $90 million that was in the Sigma Fund. A court-appointed receiver who is overseeing the fund is looking to recover assets for investors, said Nicholas Biase, a spokesman for acting Manhattan U.S. Attorney Audrey Strauss. About $24 million in assets in the VQR fund was frozen and should be available to disperse, he said.In South Korea when he learned of the probe, Qin agreed to fly back to the U.S., prosecutors said. He surrendered to authorities on Feb. 4, pleaded guilty the same day before Caproni, and was freed on a $50,000 bond pending his sentencing, scheduled for May 20. While the maximum statutory penalty calls for 20 years in prison, as part of a plea deal, prosecutors agreed that he should get 151 to 188 months behind bars under federal sentencing guidelines and a fine of up to $350,000.That fate is a far cry from the career his parents had envisioned for him — a physicist, he had told DigFin. “They weren’t too happy when I told them I had quit uni to do this crypto thing. Who knows, maybe someday I’ll complete my degree. But what I really want to do is trade crypto.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.</p><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 11 Feb 2021 13:54:00 +0000 Yahoo Finance
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https://finance.yahoo.com/news/mars-food-commits-delivering-5-135400615.html



https://www.mapleridgenews.com/community/maple-ridge-food-bank-receives-donation-of-reusable-bags/
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<p>Colourful, washable, reusable bags will be handed out for free at the Friends In Need Food Bank, thanks to a group of seamstresses trying to create a greener planet.</p>
<p>Fabric Bag Solutions, a group of volunteer seamstresses from across Metro Vancouver and the Fraser Valley, donated 50 bags to the local food bank.</p>
<p>The reusable fabric shopping bags were made from donated fabrics as well as textile discards, up-cycled clothing and household items.</p>
<p>“It is wonderful to now help people in Maple Ridge and Pitt Meadows make the switch from single use plastic shopping bags to reusable bags,” said the group’s founder Joanne Morneau, adding that the bags can be used by food bank clients who have “transportation limitations”.</p>
<p><ins><strong>READ MORE:</strong> <a href=”https://www.mapleridgenews.com/community/almost-500000-kgs-of-perishable-food-distributed-from-maple-ridge-food-bank-facility/” target=”_blank” rel=”noopener noreferrer”>Almost 500,000 kgs of perishable food distributed from Maple Ridge food bank facility</a></ins></p>
<p>“People feel honored to receive something made by hand rather than a mass produced bag covered in advertising and corporate logos,” Morneau went on to say.</p>
<p>The group also donated 100 bags to a food bank in Port Coquitlam.</p>
<p>Morneau started <a href=”https://www.facebook.com/fabricbagsolution/” target=”_blank” rel=”noopener noreferrer”>Fabric Bag Solutions </a>after going on a vacation in 2018 only to see plastic garbage scattered on remote beaches, and clinging to rocks and bushes.</p>
<p>She founded the group in June, 2019. It is based in Burnaby.</p>
<p>The volunteers follow several easy shopping bag patterns and they are also given free pre-cut shopping bag kits to sew at home.</p>
<p>Since its inception, the group has made and distributed more than 1,600 shopping bags to various food banks across the province.</p>
<p>Their shopping bags are also available for purchase by donation, with the funds raised being used to buy additional sewing supplies.</p>
<p>The group is always looking for new members.</p>
<p>For more information email fabricbagsolution@gmail.com.</p>
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<p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Thu, 11 Feb 2021 13:50:00 +0000 Maple Ridge News
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