‘Jeopardy!’ Clarifies Guidelines After Contestant’s Answering Type Irks Viewers

Danger! The bosses cleared the rules of the long-running quiz show after engaging in controversy over current champ Matt Amodio’s style of answering clues.

As any dedicated fan knows, the syndicated show presents the clues that participants have to answer in question form.

And while Amodio did not break the rules in that sense, his penchant for starting each of his questions with “what is” – even when the answer relates to people – has aroused anger among a faction of onlookers.

In response to the avalanche of angry audience comments, a Jeopardy! Twitter Account on Monday that read, “What’s wrong with Matt Amodio? A lot of ‘what’s’ in his response – and that’s perfectly acceptable!”

A link to the show’s website was shared where a statement read: “Over the many years that Jeopardy! was broadcast, we have seen some rare scenarios where we have to fall back on the official rules of the game.

“Streaking Champion Matt Amodio has received a lot of attention lately for his unorthodox use of ‘What’s …?’ as a template for all answers – whether animal, vegetable or mineral. Viewers and grammar police have many questions about what is acceptable. We have some answers. “

The rules, it was explained, state that “all of a student’s answers to an answer must be formulated in the form of a question,” but there are no grammar details.

“Jeopardy! Doesn’t require the answer to be grammatically correct,” the statement read. “Also, the three-letter name of a British invasion rock band can be a correct answer on its own (‘The Who?’) And even ‘Is it …?’ was accepted. So Matt Amodio’s no-frills approach is unique, but good with guidelines. “

According to the rules, participants who do not answer “Jeopardy!” In question format. Rounds receive gentle reminders from the host, although such errors score points in the ‘Double Jeopardy!’ round.

What’s wrong with Matt Amodio? A lot of “what is” in his answers – and that is completely acceptable!

Read more about other Jeopardy! Rules here: https://t.co/6Ld05LMRR4

– Danger! (@Danger) August 2, 2021

Die Hard #Danger Fans like me always carry a copy of the official rules with them anyway.

– Matt Amodio (@AmodioMatt) August 2, 2021

The statement goes on to say: “At ‘Final Jeopardy!’ The Competitor Coordinators are on the stage to confirm that bets have been entered correctly and to brief the competitors through the final steps of the game. Part of this briefing involves giving competitors the correct “who” or “what” for the final clue. “

Reaction to the danger! Amodio wrote on Twitter: “Die-hard #jeopardy fans like me always carry a copy of the official rules anyway.”

Amodio was asked about the controversy in a recent interview with Entertainment Weekly and replied, “I don’t necessarily want to say too much about it. I guess I just want to say that I hope no one is offended by this.

“I hear some people say it is disrespectful to the game and I would argue that if there was a ranking of Jeopardy! Fan clubs, I think I would have a strong argument for being the number one Jeopardy! Fan I live and breathe the show, I love every aspect of it, so I definitely don’t do it out of disrespect or undermining the show. “

The computer science Ph.D. Yale student Amodio is currently enjoying an impressive eight-game winning streak with Jeopardy! In a tweet on Monday, he revealed that he is now ranked eighth for “highest regular season game winnings” after raising $ 310,400.

After winning more than five games, Amodio returns to Jeopardy! next season for the Tournament of Champions, which he said Entertainment Weekly, which he is looking forward to “with a combination of anticipation and fear.”

“Because my competitors were extremely smart,” he explained, “but at the Tournament of Champions they filtered it to only get people who won at least five games on Jeopardy.

“It’s going to be a more competitive phase than I’m mentally prepared. That’s why I’m quite worried. Hopefully I’ll do well, but I’ll be shaking a little in my boots.”

“Danger!” Bosses cleared the rules of the long-running show after current champ Matt Amodio angered fans with his clue-answering style.
Amanda Edwards / Getty Images

Watch now: Shakespeare Competition opening delayed to Saturday; masks guidelines eased | Leisure

The Illinois Shakespeare Festival prepares for opening night at the Ewing Cultural Center on Thursday.

BLOOMINGTON – The Illinois Shakespeare Festival canceled the preview performance of “Measure for Measure” on Friday but the rest of the schedule remains in place and some restrictions due to COVID-19 protocols are being relaxed.

The festival organizers announced on Thursday that the Friday performance had been canceled “due to unforeseen circumstances”. The play opens on Saturday.

The Illinois State University box office will be in touch with those with tickets to the Friday performance and help them exchange tickets for another performance or process a refund.


Nora McKirdie, left, who plays Hermione; Ben Mathew, who plays King Leo; Carol Kelleher, who plays Paulina, and Haven Crawley, who plays Polixenes, play a scene from their adapted Illinois Shakespeare Festival play, “A Summer’s Winter Tale,” which will be performed at the Ewing Cultural Center on Thursdays and Saturdays through August 7th.


Contrary to previous information, festival officials also said that fully vaccinated guests at the Ewing Theater on Emerson Street and Towanda Avenue do not require face-covering.

Support local journalism

Your membership enables our reporting.


As the coronavirus guidelines have evolved, the festival has also announced that seat cushions and water fountains will be available. However, the concession area will remain closed for the 2021 season.

“Guests are cordially invited to picnic on the meadow and bring their water to the theater,” said a message from the festival.

People also read …

In addition to “Measure for Measure”, William Shakespeare’s “Winter Tale” will be performed at the festival, which runs through August 6th.

Tickets can be purchased in person at the box office in the ISU Center for the Performing, 351 S. School St., Normal, or by calling 309-438-2535. The box offices are open Monday to Friday from 12:00 p.m. to 4:00 p.m. and one hour before all performances in the Ewing Theater.

As part of the festival, free performances of “A Winter’s Tale” will be offered on Thursdays and Saturdays from 10 a.m. to 7 August in the theater for young audiences on the grounds of the Ewing cultural center.

More information can be found on the festival website, illinoishakes.com.

Check out the new Illinois laws that go into effect today

665 notes

665 notes

The Democratic-controlled Illinois General Assembly has passed 665 bills this legislature, with the vast majority awaiting the signature of Governor JB Pritzker.

But Pritzker signed 42 bills. A handful of these will go into effect on January 1, 2022, but most of them went into effect immediately after they were signed or will go into effect this Thursday.

Here are some notable new laws that are in effect now or Thursday that Illinois people should know about.


Electoral reform

Electoral reform

With delays in the redistribution of the U.S. census numbers caused by the pandemic, lawmakers have postponed the 2022 state primaries from March 15 to June 28. The legislation also makes Election Day a national holiday and requires that every county have at least one universal voting center and allow people to be allowed on a permanent mailing list. (SB825)

Photo by Jose M. Osorio, Chicago Tribune

Vote by email

Vote by email

Some changes in voting for the 2020 general election caused by a pandemic, such as: Post-polling and roadside delivery, for example, will now be permanent features of future elections. (House bill 1871)

Legal redistribution of land

Legal redistribution of land

Since they are mandated every 10 years, lawmakers approved new county boundaries for the Illinois House and Senate. The maps drawn by the Democrats, using the American Community Survey of the U.S. Census instead of waiting for the 10-year census numbers to arrive later this year, have been challenged in court by Republicans and a few other groups. (HB2777)

Photo by Brian Cassella, Chicago Tribune

Illinois Supreme Court reassignment

Illinois Supreme Court reassignment

The county boundaries of the nine-member Illinois Supreme Court were successfully redrawn for the first time since the 1960s. Again, the Republicans are questioning the map. (SB642)

Photo by Capitol News Illinois

Police reform

Police reform

No more controversial law was passed that year than House Law 3653, also known as the SAFE-T Law, which was passed during the lame duck this January. The provisions on the termination of the cash deposit and the obligation of all police officers to wear body cameras will not come into force until 2023 and 2025 respectively. But from Thursday the police must provide assistance to the injured, intervene in the event of excessive use of force and limit the use of force. It also provides stricter guidelines for decertifying officers and would allow people to file anonymous complaints about police misconduct. (HB3653)

Payday loan

Payday loan

Lenders are now prohibited from charging more than 36% of the annual interest rate on consumer loans. The average rate in Illinois before the law was signed was nearly 300%. (SB1792)

Vaccination lottery

Vaccination lottery

The state budget for fiscal year 2022 includes $ 10 million for a “vaccine lottery”. All Illinois residents vaccinated by July 1 will automatically be entered into the competition. It includes $ 7 million in cash prizes for vaccinated adults ranging from $ 100,000 to $ 1 million and $ 3 million in scholarships for vaccinated teenagers. (SB2800)

Photo by Antonio Perez, Chicago Tribune

COVID-19 emergency shelter

COVID-19 emergency shelter

Creates guidelines for distributing more than $ 1 billion to federal stimulus funds for COVID-related housing assistance. Also creates an automatic sealing of evictions during the pandemic. (SB2877)

Pre-negotiation interest

Pre-negotiation interest

Victims in personal injury and wrongful death cases can claim interest from the defendants from the time a lawsuit is filed. There should be incentives to resolve these cases. It was supported by the trial attorneys and rejected by business groups. (SB72)

Casino work

Casino work

All Illinois casino applicants are now required to enter into a project employment contract when applying for a new or renewed license. (SB1360)

Compensation for crime victims

Compensation for crime victims

Specifies that a victim’s criminal history or crime does not automatically prevent compensation for that victim or the victim’s family. Extends the applicant’s time to provide the requested information from 30 days to 45 days and provides that a final arbitration award will not exceed $ 45,000 (previously $ 27,000) for a crime committed on or after August 7, 2022 may. (HB3295)

Electronic signature

Electronic signature

Specifies that a contract, record, or signature cannot be denied validity or enforceability simply because it is in electronic form or because an electronic record was used in its creation. Specifies that if a law requires it to be in writing, an electronic record will satisfy the law. (SB2176)

Contact Lenore Sobota at (309) 820-3240. Follow her on Twitter: @Pg_Sobota

5 Cool Dads Who Are Rewriting the Guidelines of Dad Model

ThereThe fact that coolness and fatherhood cannot coexist has long been a myth that fathers are unnaturally drawn to sloppy fits and unnecessary bulk when it comes to clothing. And yet dad fashion has been on trend for several years at the same time, because chunky New Balances and lightly washed high-waist jeans are always ubiquitous among young people who manage to look chic and cool ironically in the same clothes, traditionally made fathers see everything else than out. So what is a father to do, and more importantly, how should a father dress?

How does a father manage to find the perfect balance there? At least to stay on trend a bit and neither look like he was 22 years old nor as if he had given himself completely to the bad dad style?

Well, we have to start by dispelling the notion that fathers can’t be cool, and then it’s time to look at the fashions of fathers who continue to express themselves in style. Below are five cool dads who are rewriting the rules of how men can and should dress after they become parents.

Matty Matheson

Matty Matheson has gained an abundance of loyal fans in recent years, not just because of his cooking skills and oversized personality, but also because of his personal style. The heavily tattooed chef and father of three has set a dress code for himself, a uniform that varies subtly from day to day, but ultimately consists of the same basic parts – T-shirts, jeans, a pair of clog-like shoes that go together go well with a chef’s lifestyle, all topped off with some sort of hat. It sounds simple enough, but the key to Matheson’s style and what makes him so interesting is his penchant for workwear-inspired pieces and vintage t-shirts, the former offering details like patch pockets and the latter typically within an inch of their life. Paired with Birkenstock Bostons or the Yeezy-like Merrell water shoes, as well as a retro trucker hat or a cap that sits slightly over your head, a look is created that exudes an effortless coolness that many try to achieve.

Adam Pally

Like Matheson, actor Adam Pally, also a father of three, is drawn to workwear styles and brands, be it a durable canvas jacket or Red Wing boots. But the actor doesn’t shy away from throwing some hypebeast elements into the mix on occasion, typically in the form of a very enviable pair of sneakers. For dads who have always been curious about Jordans but felt they didn’t have what it takes to take them off, Pally shows how to wear them without looking like a poser, and show them off with practical pieces like jeans or chinos and paired oxford with a classic blue, a look that can be achieved without being boring. Never leaning too far in any stylistic direction, it is obvious that Pally simply sticks to the rule of wearing what he likes and designing the pieces to fit the boundaries of his personal style, whether it be wallabees with a minimalist suit or Air Jordan 1s with a blazer. We also praise his recent decision to bleach his hair at 39.

Blondey McCoy

What happens when a Palace-approved skateboarder becomes a father? You are getting the coolest of all cool dads. Having previously modeled for Supreme and Burberry, McCoy is currently the creative director at Thames, largely inspired by skatewear and British culture, in addition to his all-important dad title. Long lauded for his personal style, McCoy seems to have really come into his own in recent years, the way he dress is undoubtedly influenced by fatherhood. He still retains the occasional boyish elements like knee socks worn with shorts and Addias sneakers, his style is steeped in classic men’s clothing like crisp striped button-downs and navy blue crew necks that reflect his youth (he’s only 24, after all) and background, adding a heavy gold bracelet and chunky rings or a pair of sleek rectangular hues to make them feel fresh again. For all of those classic menswear pieces that you have in your closet but hate to wear because they feel over the top, McCoy’s style is a reinvention masterclass.

Adonis Bosso

The fact that Adonis Bosso is one of the most sought-after male models certainly doesn’t harm his coolness factor, but that not only makes him cool, especially since he often wears matching outfits with his son Saphir. equips him with mini leather jackets and tracksuits that mirror his own. When he doesn’t suit his son, Bosso dresses casually, which is understandable given the more flashy designer pieces he has to wear for a living. That’s not to say Bosso’s style lacks interesting elements, as he is often inspired by his African heritage and he’s not afraid to throw in vintage pieces, like a Harley Davidson leather vest over a Bob Marley T. – Shirt with a fluffy houndstooth jacket and a cowrie shell that dangled from his hair.

Mordechai Rubenstein

Mordechai Rubenstein, known to most as Mister Mort, has long been stressing other people’s style, but the time has come to give him the credit he deserves for his own. A frequent fan of Gorpcore pieces (think LLBean sweaters, Birkenstocks, and hiking roots), Rubenstein pairs the pieces with his other favorite clothes – oxford shirts, patterned ties, brightly colored berets, and corduroy pants. The result is an often colorful mix of clothes that only someone with Rubenstein’s expert hand could pull off while styling. The seemingly different colors make sense when he’s wearing a pink V-neck sweater over an olive-green shirt with a collar (with an unbuttoned collar, of course) paired with 90s jorts and birks. It’s part neat, part cereal, part yuppie, part deadhead, and definitely crazy, but it never gets boring.

This article was published in the InsideHook Newsletter. Join Now.

Kevin Hart guidelines out extra kids | Leisure

Kevin Hart’s house is “too loud” to have more children.

The ‘Fatherhood’ actor – who has Heaven (16) and Hendrix (13) with ex-wife Torrei and Kenzo (3) and Kaori (8) with wife Eniko – believes he has four children and confirms that he has no plans to give birth to more babies.

He told Entertainment Tonight, “Isn’t this house loud enough? I think it is, doesn’t it? I think it’s loud enough in here.”

“It is good. We’re in a good place, a family of six and a couple of dogs, there’s a lot going on right now, what we’ve decided, then that’s what it is.

“We love being parents, we love all the little ones we have now. I mean, we have teenagers and two toddlers, man. It’s the perfect age separation. It’s the perfect budget. It’s everything you’d think plus more. “

The 41-year-old star takes on a more serious role in “Fatherhood,” in which he plays a single father who copes with the sudden loss of his wife and takes pride in portraying a black father in a “positive light.” .

He said, “I’m going to play a black dad in a positive light. And I’m not a crack, I’m not in jail, I’m not a dead guy. He’s not a criminal. It’s like a guy that’s really trying to get one to find new meaning and reason, to live and to appreciate. “

Kevin believes the film is a “celebration” of black dads that he hopes can help eradicate stereotypes.

He added, “In my opinion it will be a festival and I think fathers in general can attend this celebration, but it has such a positive and powerful impact when this character is played a man of color and played along a narrative of the good associated with him.

“Think about it, it’s not something you see often. There’s a stereotypical bond that always comes with the black man clinging to the movie as a father. And this is an opportunity to break that, the narrative, too.” to change.”

FCC Adopts New International Sponsorship Identification Guidelines – Media, Telecoms, IT, Leisure

To print this article, all you need to do is be registered or log in to Mondaq.com.

At the end of April 2021, the Federal Communications Commission (FCC) enact new regulations that require broadcast programs sponsored or provided by a foreign government to include a disclosure statement stating the foreign government funding and the foreign country concerned. While US law prohibits foreign governments from directly owning broadcast licenses, there are no restrictions on their ability to enter into agreements with licensees to broadcast programs. Similar to the Foreign Agents Registration Act (FREE) The aim of the new FCC rules is to ensure that the public is informed when a foreign government tries to influence the US public. At the same time, the new regulations go beyond similar disclosure requirements in FARA and burden US broadcasters with considerable duties of care.

The new rules published on April 22nd, 2021 Report and order, comes into force 30 days after the date of publication in the Federal Register.

I. Disclosure Requirements for Foreign Governments and Their Agents

The FCC’s pre-disclosure requirements only required broadcasters to disclose the name (s) of the natural or legal person (s) who pay for or provide paid programming, including paid political programming. As discussed in detail below, the new regulations require disclosure when a foreign government agency directly or indirectly provides material for a broadcast, whether or not that material is paid for programming.

The FCC borrows key definitions from FARA and the Communications Act of 1934. When defining “foreign government agency,” the report and ordinance refer to FARA definitions of “foreign country government,” “foreign political party,” and “agent of a foreign “principal” if that agent is acting as the registered agent of the foreign government or foreign political party (defined in 22 USC §§ 611 (c) – (f)). The FCC also borrowed from FARA and determined that disclosure is required if the foreign principal is directly or indirectly operated, supervised, directed, owned, controlled, financed or subsidized by a foreign government.

The scope of the FCC disclosure rules is broader than that of FARA, and the report and regulation also extends the definition of foreign governmental entities beyond the boundaries of FARA to entities that would otherwise be exempt under FARA. In particular, it includes any entity or individual subject to Section 722 of the Communications Act and who has filed a report with the FCC. Section 722 applies to any US-based overseas media company that: (a) produces or distributes video programs broadcast or intended for broadcast to consumers in the United States by a multichannel video program distributor; and (b) an “agent of a foreign client ”, but for an exception in FARA.

II. Foreign programming requires disclosure if it is paid or political

The new rules apply to all agreements in which a broadcasting licensee makes a discrete block of airtime from his broadcaster available for programming to a foreign government agency in return for compensation. The rules also apply to political programs or programs in which controversial issues are discussed if the broadcast material was made available free of charge by a foreign government agency as an incentive to broadcast the program.

The FCC borrowed the definition of “political program” from the Communications Act, which defines it as any program “that seeks to convince or dissuade the American public about a particular political candidate or issue.” After deliberation, the FCC decided to keep this limited definition of policy programming rather than extending it to all programs of a foreign government agency. The FCC will determine on a case-by-case basis whether an issue is “controversial”.

The disclosure requirements of the new Report and Order focus on leasing contracts between a broadcaster and a third party and therefore do not apply to paid advertisements. However, paid advertisements are still subject to the existing sponsorship identification rules in 47 CFR
Section 73.1212 (f).

III. The broadcaster’s duty of care for new and existing agreements

As this is likely to be a significant burden for broadcasters, the responsibility for disclosure rests with the licensee. In particular, a broadcaster licensee must exercise “reasonable care” to determine whether a foreign sponsorship card is required.

Appropriate care is required of the licensee:

  1. Inform the tenant at the time of the conclusion of the contract and each time the disclosure obligation for foreign sponsorship is extended;
  2. At the time of contract signing and renewal, ask the tenant whether they fall into one of the categories that qualify them as a “Foreign Government Establishment”;
  3. At the time of the agreement and upon renewal, ask the renter if they know if anyone further up the production or distribution chain of the program is (a) qualified as a foreign government agency, and (b) has provided some type of incentive to broadcast the program Has;
  4. If the renter does not indicate that they fall into any of the covered categories, the broadcaster licensee must independently confirm the status of the renter at the time of contract signing and renewal by consulting the FARA website of the Department of Justice and the FCC’s semi-annual US -based foreign media reports and searches for the tenant’s name; and
  5. Document the inquiries and investigations listed above to track compliance.

Appropriate care is required not only with the initial agreement, but also with each renewal. In addition, because the status of a lessee may change during the course of an agreement, the report and order encourages licensees to include in all leases a provision requiring a lessee to discourage any change in status that would trigger the foreign sponsorship identification rules, Report to .

The new requirements for appropriate due diligence will place an additional burden on broadcasters, both on a prospective basis and on existing rental agreements. Current rental agreements must comply with the new regulations, including performing reasonable care within six months of the regulations coming into force.

IV. Disclosure Obligations

The report and order contains the standard language broadcasters must use when disclosure is required. For television programs, disclosure must be in letters of at least four percent of the vertical picture height and be visible for at least four seconds. In the case of broadcasts, the disclosure must be audible. Broadcasters must disclose at the beginning and at the end of a broadcast, unless the broadcast lasts less than five minutes, in which case disclosure at the beginning of the broadcast is sufficient. If a broadcast lasts longer than an hour, broadcasters must provide information at regular intervals and at least once an hour throughout the broadcast.

The required language broadcasters must use is:

The [following/preceding] Programming was [sponsored, paid
for, or furnished,] in whole or in part, by [name of foreign
governmental entity] in the name of [name of foreign

The new disclosure requirements appear to be more demanding than FARA, but if the licensee is also subject to FARA, FARA’s labeling requirements will meet the new requirements, provided the FARA label includes the name of the country of the foreign government agency and complies with the frequency requirements described above.

In addition to the broadcast disclosures, the report and order requires broadcasters subject to these disclosure requirements to make copies of the disclosures in their online public inspection file (OPIF). The disclosures must remain in a folder labeled “Foreign-Government Provided Programming Disclosures”. The information stored in the OPIF must contain the actual disclosure as well as the date and time the program was broadcast. If the program was broadcast more than once, the broadcasters must add each additional date and time to the OPIF. Broadcasters are required to update their OPIFs at least quarterly and there is a two year retention period for disclosures related to the report and the order.

The FCC’s new rules are likely the result of congressional pressure on the FCC to act in this area, and they reflect the increasing scrutiny of the US government’s efforts by foreign governments to influence the American public. Similarly, the Department of Justice has sought to more aggressively enforce FARA’s registration and disclosure requirements for foreign media outlets and US companies that broadcast or disseminate information in the United States on behalf of foreign governments. This is evidenced by the issuance of several letters of assessment by the DOJ-FARA entity in the past three years, which require FARA registration of certain foreign media companies, including CGTN America, RIA Global, RM broadcasting, and Xinhua News. In this way, the report and regulation add to the complexity of an already overcrowded regulatory field related to foreign influence and add detailed disclosure requirements that overlap but are not identical to analogous requirements in FARA. It is also crucial that broadcasters have a substantial and sustained duty of care.

Due to the generality of this update, the information provided herein may not be applicable in all situations and should not be implemented in certain situations without specific legal advice.

© Morrison & Foerster LLP. All rights reserved

Cash-Market Funds Face New Guidelines After Covid Stumble. This is What Might Occur.

Text size

Dream time

While the race in cash At the start of the pandemic, investors pulled cash from money market funds that invest in short-term corporate and municipal debt. That has regulators again concerned about the stability of the sectorand they are considering further rule changes to support them.

In March 2020, investors withdrew $ 125 billion from high-quality funds investing in short-term corporate bonds and $ 9 billion from tax-free money market funds, US officials wrote in a December report. Investors pulled less cash on an absolute basis than they did during the 2008 financial crisis, when a huge prime fund “broke the money” when its share price fell below $ 1. However, with the industry’s asset base lower in 2020, withdrawals made an even larger proportion of the industry’s total size.

Although the market did not repeat itself in 2008, investor exit exacerbated the pressures in the short-term corporate and local finance markets and prompted the Federal Reserve to do so step in and create a facility dedicated to money market funds. This follows two rounds of regulatory efforts to prop up money market funds after the financial crisis.

After renewed burdens last year, officials like Fed Chairman Jerome Powell are now discussing the prospect of new rules to limit the need for future intervention. “We are looking for ways – and people around the world are looking for ways – to make these vehicles resilient so that they don’t have to be backed by the government when market conditions are tough,” he said at the central bank press conference on April 28th . April.

As the regulatory process progresses, strategists join in

Bank of America

hinder the likelihood of different changes.

US Officials suggested a list of 10 Possible reforms in their December report and in a May 6 release are categorized by analysts at the bank into three main categories.

The first group would ease the threshold at which funds would have the ability to penalize redemptions from investors. After the stress on money market funds during the financial crisis, regulators put in place a rule that money market funds can charge fees or goals if their cash equivalents fall below 30% of their portfolio.

Review & preview

Each weekday evening, we highlight the resulting market news of the day and explain what is likely to be important tomorrow.

One of the regulators’ proposals would allow money market funds to collect gates or fees if the board of directors decides that it is in the best interests of the fund, regardless of the size of its cash. This idea was popular with money market fund managers who responded to the government report, Bank of America found. All 14 respondents supported the idea.

The second set of proposals is to encourage either fund management companies or investors to pay to offset the risk of future runs. For example, officials are considering new rules detailing exactly when and how a fund’s parent company would be required to support their funds, for example by providing liquidity to cover investor withdrawals.

Third, regulators are considering a group of ideas to reduce the likelihood that investors will withdraw their money in the first place.

One of the options in this category would be a new rule that would reduce the incentive for an investor to try to get their money out of a fund first. In essence, the rule would introduce a delay before an investor could cash out a certain portion of their stock. This means that an investor who withdrew prematurely would still be involved in the losses if a fund ran.

While most money market fund managers didn’t endorse the idea, Bank of America said “it has some potential” although it “could make it less attractive to invest in top quality or tax-exempt money market funds.”

Another proposal could fundamentally change the expectations of individual investors in certain types of money market funds: regulators suggested allowing the price of retail investor stocks to fluctuate or, under certain conditions, move their prices up and down with market conditions instead of staying at 1 USD per share. This would reflect a rule change from the post-financial crisis, when officials introduced rules that allowed stock prices to float for institutional investors’ stakes in high-quality, tax-free money market funds.

Of course, these rules would only apply to money market funds that invest in short-term corporate or municipal debt. So it seems possible that this set of rule changes, like the last round of reforms, will continue to push investors into money market funds that invest in US government bonds.

In short, “there are changes coming in high-quality, tax-exempt money market funds,” wrote Bank of America, “which we believe will undermine investor interest in these funds.”

Write to Alexandra Scaggs at alexandra.scaggs@barrons.com

Turkey provides crypto companies to cash laundering, terror financing guidelines

A Bitcoin logo can be seen next to the Turkish flag in a cryptocurrency exchange store in Istanbul, Turkey, on April 27, 2021. The photo was taken on April 27, 2021. REUTERS / Murad Sezer

Turkey has added cryptocurrency trading platforms to the list of companies covered by anti-money laundering and terrorist financing regulations, according to a presidential decree released on Saturday.

The Official Gazette said the country’s recent expansion of rules on cryptocurrency transactions would take effect immediately, covering “crypto asset service providers” who would be subject to the existing regulations.

Last month, Turkey’s central bank banned the use of crypto assets for payments because such transactions were risky. In the days that followed, two Turkey-based cryptocurrency trading platforms were shut down as part of separate investigations.

The investigation into one of them, Thodex, led to the detention on Thursday of six suspects, including the siblings of its chief executive Faruk Fatih Ozer, whom the Turkish authorities are looking for after his trip to Albania. Continue reading

Our standards: The Thomson Reuters Trust Principles.

Stokes steadfast on rolling out new Airbnb-style letting guidelines in July

The state government will not consider further delays in the new Airbnb-style rental rules across NSW after online rental company Stayz postponed rollout for at least six months.

The Minister of Planning and Public Spaces, Rob Stokes, said he was confused Stayz ‘pleaseThe government had “spent a lot of time” developing the nationwide planning rules and postponed their entry into force until July 30 to ensure people had enough time to grasp them.

Rob Stokes, Secretary of State for Planning and Public Spaces in New South Wales.Recognition:Kate Geraghty

A 180-day limit on the use of vacant lots for Airbnb-style rentals will be extended beyond the Sydney metropolitan area to a number of coastal areas and regional centers in NSW. The new rules have been criticized by the councils and the rental company Stayz.

“It’s not like nobody knows this is coming. We talked about it for a long time, ”said Stokes.


“Now is the time to establish certain rules for everyone. That doesn’t mean things are set in stone, but I think starting with clear, simple rules that anyone can understand is the best way to move forward. “

Stayz, controlled by online travel booking giant Expedia, has called the introduction of short term rental rules a “slow wreck”. She has asked the government to postpone it for at least six months to allow further consultation and testing of the rules.

The councils also argue that the rules will undermine their planning powers and will fly in the face of government assurances that regional councils will retain control over the number of days empty residential properties can be rented for short periods of time each year.

Under plans announced in 2018Councils outside the Greater Sydney area should have the power to set their own caps for no less than 180 days per year.

Europe’s altering guidelines prompts confusion

LONDON – There are indications that the European rules of use for the vaccine developed by coronavirus are deviating and changing AstraZeneca and the University of Oxford sow further confusion and distrust among the citizens.

Not only have EU citizens faced a barrage of negative sentiment towards the vaccine, even from top officials themselves, but they have seen the shot suspended by more than a dozen European countries after concerns about a small number of blood reports clots became loud.

The European Medicines Agency and World Health Organization, after safety reviews of the data, recommended continued use of the shot, saying its benefits outweighed the possible risks. But those fears have not gone away and there is now confusion about which age group should and can take the vaccine.

On Tuesday, Germany stopped using the AstraZeneca shot on all citizens under 60, citing renewed concerns after a small number of reports of rare but serious blood clots. Earlier this week, some hospitals in Berlin initially stopped vaccinating women under the age of 55 with AstraZeneca’s shot.

Germany initially only allowed the vaccine to be used under 65 years of age due to insufficient data to show that it was safe and effective for the elderly, despite reversing that decision in early March.

Meanwhile, Spain decided on Wednesday to extend the use of the vaccine to key workers over 65 years of age. The vaccine was previously limited to the 55 to 65 age group, but is now made available to priority groups in this age group such as health workers, police officers and teachers.

In France, the AstraZeneca vaccine was initially not approved even for people over 65 years of age. French President Emmanuel Macron has now been criticized by many French commentators for his chair epidemiology, falsely saying that the vaccine is “virtually ineffective” for those over 65.

France later reversed that stance when more clinical trial data emerged, saying the vaccine would be approved for people with comorbidities, including those between the ages of 65 and 74.

Confused? You’re not alone. Comments on Twitter indicate that people on both sides are confused about the official stance on the vaccine.

A Twitter user based in Germany noted that “you can’t blame people for being confused” after listing the phrases that characterized it AstraZeneca’s vaccine timeline.

Another user, Aetera, based in Germany, noticed this “Everyone here is confused whether it’s good or bad” While another UK Twitter user, Mike Carrivick, said the reversal of the rules of use surrounding the vaccine is the “irony of irony” but one with potentially dire consequences. He remarked, “No wonder so many are confused and lives in danger.”

London-based Kristen Covo was another Twitter user who expressed confusion over AstraZeneca’s safety data after being suspended in a handful of European countries and resuming use following recommendations from the EMA and WHO.

Regarding the question of giving the second dose of vaccine to younger people who have already received a first dose of the AstraZeneca vaccine, the German vaccine committee announced that it would issue guidelines on the matter by the end of April.

The ambivalent and changing attitudes of European countries towards the vaccine were made all the more confusing by an accompanying narrative (and major argument) about the delivery of the shot.

The EU has repeatedly accused the drug maker of failing to meet its delivery schedule, while various EU officials and heads of state and government have cast doubts about the vaccine’s effectiveness, which in turn has made many EU citizens skeptical about vaccines.

A Brussels-based BBC reporter noted that it had been labeled the “Aldi vaccine” after the cheap grocery store. because people saw the shot as a budget option. There are other reports from people requesting this Pfizer– –BioNTech or Modern Shots instead of the AstraZeneca vaccine.

As an English Twitter user named gazztrade asked on Wednesday, does the EU want “the AstraZeneca vaccine or not”?

EU steps up vaccine exports guidelines and pressures AstraZeneca over deliveries

President of the European Commission Ursula von der Leyen.

Thierry Monasse | Getty Images News | Getty Images

LONDON – The European Union has tightened strict regulations on the export of Covid vaccines while putting pressure on it AstraZeneca to deliver more footage to the region.

It is because the sluggish introduction of vaccines in the region is under scrutiny, even as the EU continues to export millions of coronavirus shots abroad.

In order to gain a stronger negotiating position with pharmaceutical companies that fail to meet delivery targets, the bloc has expanded its strict rules on vaccine exports.

Before approving shipments from Covid-19 The EU will examine whether the recipient country has any restrictions on vaccines or raw materials and whether it is in a better epidemiological situation.

“We want to make sure that Europe gets its fair share of vaccines. Because we have to explain to our citizens that companies that export their vaccines around the world are fully committed to their commitments and are not taking any risks.” Security of supply in the European Union, “said the President of the European Commission, Ursula von der Leyen, on Thursday.

We all know we could have been a lot faster if all the pharmaceutical companies had fulfilled their contracts.

Ursula von der Leyen

President of the European Commission

The data released on Thursday showed that the EU has exported 77 million cans of Covid shots to 33 countries around the world since December. At the same time, 88 million were delivered to EU countries, of which 62 million were managed. As such, the EU has exported more shots than it has previously given its citizens.

However, some EU countries have raised concerns about stricter export regulations, with countries like Belgium and the Netherlands wanting supply chains to remain open. There is a risk that stopping vaccine exports will trigger a trade war and other parts of the world – which produce the raw materials needed to make vaccines – stop shipping to Europe.

Pressure on AstraZeneca

The EU has also quarreled with the Swedish-UK drug maker over not firing as many Covid shots as the bloc expected.

The 27 nations waited for 90 million doses of this vaccine in the first quarter and 180 million in the second quarter of 2021. However, AstraZeneca said that due to manufacturing issues, only 30 million doses can be dispensed by the end of March and 70 million between April and June.

The reduced delivery targets are a problem for EU countries, some of which wanted more of this vaccine as it is cheaper and easier to store than others. Further delivery delays to Europe could affect the broader rollout plans.

“We all know we could have been much faster if all pharmaceutical companies had fulfilled their contracts,” said von der Leyen on Thursday.

During a press conference, she added that AstraZeneca “needs to catch up, respect the treaty with European member states, before it can export vaccines again”.

A deal with the UK

The EU’s stricter export regulations could become a problem especially for the UK, which has received vaccines from the EU. The vaccination rate is higher than that of the block based on the number of first doses given.

European Commission figures show the UK has received 21 million doses of vaccine block-made – the highest share of EU exports yet. The UK has so far given its population 31 million doses of Covid-19 syringes, suggesting that around two-thirds of the vaccines used in the UK come from the EU.

“We discussed what else we can do to ensure a mutually beneficial relationship between the UK and the EU on Covid-19,” the two sides said in a joint statement on Wednesday.

“Given our interdependencies, we are working on specific steps that we can take in the short, medium and long term to create a win-win situation and expand the supply of vaccines to all of our citizens.”

Dutch Prime Minister Mark Rutte said at a press conference on Thursday that a vaccine deal between the EU and Great Britain could be announced on Saturday.