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HomeReportsInvestment Climate Statements...Custom Report - 4e3a20b2d6
Belgium, Denmark, Finland, France, Luxembourg, Monaco, Netherlands, Norway +1 more
France and Monaco
Belgium has policies in place to facilitate the free flow of financial resources. Credit is allocated at market rates and is available to foreign and domestic investors without discrimination. Belgium is fully served by the international banking community and is implementing all relevant EU financial directives. At the same time, Belgium currently ranks 60th out of 190 for "getting credit" on the World Bank's "Doing Business" rankings, and in the bottom quintile among OECD high income countries.
Bruges established the world's first stock market almost 600 years ago, and the Belgian bourse is well-established today. On Euronext, a company may increase its capital either by capitalizing reserves or by issuing new shares. An increase in capital requires a legal registration procedure, and new shares may be offered either to the public or to existing shareholders. A public notice is not required if the offer is to existing shareholders, who may subscribe to the new shares directly. An issue of bonds to the public is subject to the same requirements as a public issue of shares: the company's capital must be entirely paid up, and existing shareholders must be given preferential subscription rights.
In 2016, the Belgian government passed legislation to improve entrepreneurial financing through crowdfunding and more flexible capital venture rules.
Because the Belgian economy is directed toward international trade, more than half of its banking activities involve foreign countries. Belgium's major banks are represented in the financial and commercial centers of dozens of countries by subsidiaries, branch offices, and representative offices. The country does have a central bank, the National Bank of Belgium (NBB), whose governor is also a board member of the European Central Bank (ECB).
Belgium is one of the countries with the highest number of banks per capita in the world. The banking system is considered sound but was hard hit by the financial crisis that began in the fall of 2008, when federal and regional governments had to step in with lending and guarantees for the three largest banks. Following a review of the 2008 financial crisis, the Belgian government decided in 2012 to shift the authority of bank supervision from the Financial Market Supervision Authority (FMSA) to the NBB. In 2017, supervision of systemically important Belgian banks shifted to the ECB. The country has not lost any correspondent banking relationships in the past 3 years, nor are there any correspondent banking relationships currently in jeopardy.
The developments since September 2008 have also resulted in a major de-risking of the Belgian banks' balance sheets, on the back of a rising share of exposure to the public sector – albeit more concentrated on Belgium – and a gradual further expansion of the domestic mortgage loan portfolio. Since the introduction of the Single Supervisory Mechanism (SSM), the vast majority of the Belgian banking sector's assets are held by banks that come under SSM supervision, including the "significant institutions" KBC Bank, Belfius Bank, Argenta, AXA Bank Europe, Bank of New-York Mellon and Bank Degroof/Petercam. Other banks governed by Belgian law – such as BNP Paribas Fortis and ING Belgium – are also subject to SSM supervision as they are subsidiaries of non-Belgian "significant institutions."
In 2018, the banking sector conducted its business in a context of gradual economic recovery and persistently low interest rates. That situation had two effects: it put pressure on the sector's profitability and caused a credit default problem in some European banks. The National Bank of Belgium designated eight Belgian banks as domestic systemically important institutions, and divided them into two groups according to their level of importance. A 1.5 % capital surcharge was imposed on the first group (BNP Paribas Fortis, KBC Group and Belfius Bank). The second group (AXA Bank Europe, Argenta, Euroclear and The Bank of New York Mellon) is required to hold a supplementary capital buffer of 0.75 %. These surcharges will be phased in over a three-year period.
Under pressure from the European Union, bank debt has decreased in volume overall, from close to 1.6 trillion euros in 2007 to just over 1 trillion euros in 2018, according to the National Bank of Belgium, particularly in the risky derivative markets.
Belgian banks use modern, automated systems for domestic and international transactions. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) has its headquarters in Brussels. Euroclear, a clearing entity for transactions in stocks and other securities, is also located in Brussels.
Opening a bank account in the country is linked to residency status. FATCA (Foreign Account Tax Compliance Act) requires Belgian banks to report information on U.S. account holders directly to the Belgian tax authorities, who then release the information to the IRS.
Some Belgian banks have already made great progress with blockchain technology: for instance, one Belgian bank offers a product called MyCar, a digital ecosystem that connects all the players in a car purchase with blockchain technology, creating a single, trusted source of confidence and a centralized workflow that takes the hassle out of buying a car.
With regard to cryptocurrencies, the National Bank of Belgium has no central authority overseeing the network.
Unlike most other EU countries, there are no cryptocurrency ATMs, and the NBB has repeatedly warned about the potential consequences of the use of cryptocurrencies for financial stability.
Payments and transfers within Belgium and with foreign countries require no prior authorization. Transactions may be executed in euros as well as in other currencies.
Dividends may be remitted freely except in cases in which distribution would reduce net assets to less than paid-up capital. No further withholding tax or other tax is due on repatriation of the original investment or on the profits of a branch, either during active operations or upon the closing of the branch.
Belgium has a sovereign wealth fund (SWF) in the form of the Federal Holding and Investment Company, a quasi-independent entity created in 2004 and now mainly used as a vehicle to manage the banking assets which were taken on board during the 2008 banking crisis. The SWF has a board whose members reflect the composition of the governing coalition and are regularly audited by the "Cour des Comptes" or national auditor. At the end of 2017, its total assets amounted to € 2.2 billion. Due to the origins of the fund, the majority of the funds are invested domestically. Its role is to allow public entities to recoup their investments and support Belgian banks. The SWF is required by law to publish an annual report and is subject to the same domestic and international accounting standards and rules. The SWF routinely fulfills all legal obligations. However, it is not a member of the International Forum of Sovereign Wealth Funds, and as such not a subscriber to the Santiago Principles.
Denmark has fully liberalized foreign exchange flows, including those for direct and portfolio investment purposes. Credit is allocated on market terms and freely available. Denmark adheres to its IMF Article VIII obligations. The Danish banking system is under the regulatory oversight of the Financial Supervisory Authority. Differentiated voting rights – A and B stocks – are used to some extent, and several Danish companies are controlled by foundations, which can restrict potential hostile takeovers, including foreign takeovers.
The Danish stock market functions efficiently. In 2005, the Copenhagen Stock Exchange became part of the integrated Nordic and Baltic market place, OMX Exchanges, which is headquartered in Stockholm. Besides Stockholm and Copenhagen, OMX also includes the stock exchanges in Helsinki, Tallinn, Riga and Vilnius. In order to increase the access to capital for primarily small companies, the OMX in December 2005 opened a Nordic alternative marketplace – "First North" – in Denmark. In February 2008, the exchanges were acquired by the NASDAQ-OMX Group. In the World Economic Forum 2018 report, Denmark ranks 12th out of 140 on the metric "Financial System"
The Danish stock market is divided into four different branches/indexes. The C25 index contains the 25 most valuable companies in Denmark. Other large companies with a market value exceeding USD 1.1 billion (EUR 1 billion) are in the group of "Large Cap," companies with a market value between USD 170 million (EU 150 million) and USD 1.1 billion belong to the "Mid Cap" segment, while companies with a market value smaller than USD 170 million belong to "Small Cap" group.
The major Danish banks are rated by international agencies, and their creditworthiness is rated as high by international standards. The European Central Bank and the Danish National Bank reported that Denmark's major banks have passed stress tests by considerable margins.
Denmark's banking sector is relatively large; based on the ratio of consolidated banking assets to GDP, the sector is three times bigger than the national economy. Domestic banks in Denmark own approximately 87 percent of the industry's total assets, while foreign banks hold only 13 percent. The assets of the three largest Danish banks – Danske Bank, Nordea Bank Danmark, and Jyske Bank – constitute approximately 75 percent of the total assets in the Danish banking sector.
Denmark's biggest systemically important bank, Dansk Bank, with assets that are roughly 1 1/2 times Denmark's total GDP, is under criminal investigation in several jurisdictions amid accusations an Estonian branch became a European hub for money launderers from Russia. The bank has admitted that a significant part of about EUR 200 billion (USD 230 billion) that flowed through the non-resident portfolio of its tiny Estonian branch between 2007 and 2015 could have illicit origins. The scandal has led to significant tightening of financial regulation, including increasing penalties by up to 700 percent and increased funding for the Financial Supervisory Authority.
The primary goal of the Central Bank (Nationalbanken) is to keep the peg of the Danish currency towards the Euro – with allowed fluctuations of 2.25 percent. It also functions as the general lender to Danish commercial banks and controls the money supply in the economy.
As occurred in many countries, Danish banks experienced significant turbulence in 2008 – 2009. The Danish Parliament subsequently passed a series of measures to establish a "safety net" program, provide government lending to financial institutions in need of capital to uphold their solvency requirements, and ensure the orderly winding down of failed banks. The Parliament passed an additional measure, the fourth Bank Package, in August 2011, which sought to identify systemically important financial institutions, ensure the liquidity of banks which assume control of a troubled bank, support banks acquiring troubled banks by allowing them to write off obligations of the troubled bank to the government, and change the funding mechanism for the sector-funded guarantee fund to a premiums-based, pay-as-you-go system. According to the Danish Government, Bank Package 4 provides mechanisms for a sector solution to troubled banks without senior debt holder losses, but does not supersede earlier legislation. As such, senior debt holder losses are still a possibility in the event of a bank failure.
On October 10, 2013, the Danish Minister for Business and Growth concluded a political agreement with broad political support which, based on the most recent financial statements, identified seven financial institutions as "systemically important": Danske Bank, Nykredit, Nordea Bank Danmark, Jyske Bank, Sydbank and DLR Kredit. These were identified based on three quantitative measures: 1) a balance sheet to GDP ratio above 6.5 percent; 2) market share of lending in Denmark above 5 percent; or 3) market share of deposits in Denmark above 5 percent, which will be lowered to 3 percent during 2018. If an institution is above the requirement of any one of the three measures, it will be considered systemically important and must adhere to the stricter requirements on capitalization, liquidity and resolution. The Faroese SIFI are P/F BankNordik, Betri Banki P/F and Norðoya Sparikassi, while Grønlandsbanken is the only SIFI in Greenland.
Experts expect a revision of the Danish system of troubled financial institution resolution mechanisms in connection with a decision to join the EU Banking Union. The national payment system, "Nets" was sold to a consortium consisting of Advent International Corp., Bain Capital LLC, and Danish pension fund ATP in March 2014 for DKK 17 billion (USD 2.58 billion). Nets went public with an IPO late 2016.
Exchange rate conversions throughout this document are based on the 2018 average exchange rate where Danish Kroner (DKK) 6.3174 = 1 USD (USD )
There are no restrictions on converting or transferring funds associated with an investment into or out of Denmark. Policies in place are intended to facilitate the free flow of capital and to support the flow of resources in the product and services markets. Foreign investors can obtain credit in the local market at normal market terms, and a wide range of credit instruments is available.
Denmark has not adopted the Euro currency. The country meets the EU's economic convergence criteria for membership and can join if it wishes to do so. Denmark conducts a fixed exchange rate policy with the Danish Krone linked closely to the Euro within the framework of ERM II. The Danish Krone (DKK; plural: Kroner, in English, "the Crown") has a fluctuation band of +/- 2.25 percent of the central rate of DKK 746.038 per 100 Euro. The Danish Government supports inclusion in a European Banking Union, as long as it can be harmonized with the Danish Euro opt-out and there is a guarantee that the Danish mortgage finance system will be allowed to continue in its present form.
The Danish political reservation concerning Euro participation can only be abolished by national referendum, and Danish voters have twice (in 1992 and 2000) voted it down. The government has stated that in principle it supports adopting the Euro, but no referendum is expected for the foreseeable future. Regular polling on this issue shows a majority of public opinion remains in favor of keeping the Krone. According to the Stability and Growth Pact, a Euro country's debt to GDP ratio cannot exceed 60 percent and budget deficit to GDP ratio cannot exceed 3 percent. Denmark's debt to GDP ratio was 34.1 percent by the end of 2018, down from 36.1 percent in 2017. Denmark ran a budget surplus of 0.5 percent in 2018 and of 1.4 percent in 2017, well within Stability & Growth Pact parameters.
Denmark maintains no sovereign wealth funds.
Finland is open to foreign portfolio investment and has an effective regulatory system. According to the Bank of Finland, in March 2019 Finland had USD 10.6 billion worth of official reserve assets, mainly in foreign currency reserves and securities. Credit is allocated on market terms and is made available to foreign investors in a non-discriminatory manner, and private sector companies have access to a variety of credit instruments. Legal, regulatory, and accounting systems are transparent and consistent with international norms.
The Helsinki Stock Exchange is part of OMX, referred to as NASDAQ OMX Helsinki (OMXH). NASDAQ OMX Helsinki is part of the NASDAQ OMX Nordic division, together with the Stockholm, Copenhagen, Iceland, and Baltic (Tallinn, Riga, and Vilnius) stock exchanges.
Finland accepts the obligations under IMF Article VIII, Sections 2(a), 3, and 4 of the Fund's Articles of Agreement. It maintains an exchange system free of restrictions on payments and transfers for current international transactions, except for those measures imposed for security reasons in accordance with Regulations of the Council of the European Union.
Banking is open to foreign competition. At the end of 2017, there were 267 credit institutions operating in Finland and total assets of the domestic banking groups and branches of foreign banks operating in Finland amounted to USD 473 billion. For more information see: https://www.finanssiala.fi/en/material/FFI-Finnish-Banking-2017.pdf .
Foreign nationals can in principle open bank accounts in the same manner as Finns. However, banks must identify customers and this may prove more difficult for foreign nationals. In addition to personal and address data, the bank often needs to know the person's identifier code (i.e. social security number), and a number of banks require a work permit, a certificate of studies, or a letter of recommendation from a trustworthy bank, and details regarding the nature of transactions to be made with the account. All authorized deposit-taking banks are members of the Deposit Guarantee Fund, which guarantees customers' deposits to a maximum of EUR 100,000 per depositor.
In 2017 the capital adequacy ratio of the Finnish banking sector was 23.4 percent, well above the EU average and one of the strongest in Europe. Measured in Core Tier 1 Capital, the ratio was 21.0 percent. The average CET1 ratio in the EU banking sector was 14.6 percent at the end of 2017. The Finnish banking sector's return on equity (ROE) was 8.8 percent, well above the average ROE for all EU banking sectors (5.8 percent). Standard & Poor's announced in March 2019 that it was retaining Finland's AA+ credit rating, while Fitch kept Finland's credit rating at AA+ in February 2019. Moody's lowered its triple-A rating to Aa1 in June 2016, keeping it there in February 2019.
Nordea, which relocated its headquarters to Finland in 2018, has the leading market position among household and corporate customers in Finland. It became a member of the "we.trade" consortium in November 2017. The consortium is building a platform aiming to make domestic and cross-border commerce easier for European companies by harnessing the power of distributed ledger and block chain technology. The Finnish Tax Administration released guidelines on the taxation of cryptocurrency in May 2018, which are due to be amended in spring 2019. The current guidelines are at: https://www.vero.fi/en/detailed-guidance/guidance/48411/taxation-of-virtual-currencies/#3-virtual-currency-in-corporate-taxation .
Finland adopted the Euro as its official currency in January 1999. Finland maintains an exchange system free of restrictions on the making of payments and transfers for international transactions, except for those measures imposed for security reasons.
There are no legal obstacles to direct foreign investment in Finnish securities or exchange controls regarding payments into and out of Finland. Banks must identify their customers and report suspected cases of money laundering or the financing of terrorism. Banks and credit institutions must also report single payments or transfers of EUR 15,000 or more. If the origin of funds is suspect, banks must immediately inform the National Bureau of Investigation. There are no restrictions on current transfers or repatriation of profits. Residents and non-residents may hold foreign exchange accounts. There is no limit on dividend distributions as long as they correspond to a company's official earnings records.
Travelers carrying more than EUR 10,000 must make a declaration upon entering or leaving the EU. As a Financial Action Task Force (FATF) member, Finland observes most of FATF's 40 recommendations. In its Mutual Evaluation Report of Finland, released April 16, 2019, FATF concluded that Finland's measures to combat money laundering and terrorist financing are delivering good results, but that the country needs to improve supervision to ensure that financial and non-financial institutions are properly implementing effective AML/CFT controls. FATF's Mutual Evaluation Report of Finland, April 2019: http://www.fatf-gafi.org/countries/d-i/finland/documents/mer-finland-2019.html .
Solidium is an investment company that is fully-owned by the State of Finland. Although it is not explicitly a sovereign wealth fund, Solidium's mission is to manage and increase the long-term value of the listed shareholdings of the Finnish State. Solidium is a minority owner in 13 listed companies; the market value of Solidium's equity holdings is approximately USD 9.1 billion (April 2019), https://www.solidium.fi/en/holdings/holdings/ ).
There are no administrative restrictions on portfolio investment in France, and there is an effective regulatory system in place to facilitate portfolio investment. France's open financial market allows foreign firms easy access to a variety of financial products, both in France and internationally. France continues to modernize its marketplace; as markets expand, foreign and domestic portfolio investment has become increasingly important. As in most EU countries, France's listed companies are required to meet international accounting standards. Some aspects of French legal, regulatory and accounting regimes are less transparent than U.S. systems, but they are consistent with international norms. Foreign banks are allowed to establish branches and operations in France and are subject to international prudential measures. Under IMF Article VIII France may not impose restrictions on the making of payments and transfers for current international transactions without the (prior) approval of the Fund.
Foreign investors have access to all classic financing instruments, including short-, medium-, and long-term loans, short- and medium-term credit facilities, and secured and non-secured overdrafts offered by commercial banks. These assist in public offerings of shares and corporate debt, as well as mergers, acquisitions and takeovers, and offer hedging services against interest rate and currency fluctuations. Foreign companies have access to all banking services. Most loans are provided at market rates, although subsidies are available for home mortgages and small business financing.
Euronext Paris (also known as Paris Bourse) is part of a regulated cross-border exchange located in six European countries. Euronext Growth is an alternative exchange for medium-sized companies to list on a less regulated market (based on the legal definition of the European investment services directive), with more consumer protection than the Marche Libre still used by a couple hundred small businesses for their first stock listing. A company seeking a listing on Euronext Growth must have a sponsor with status granted by Euronext, and prepare a French language prospectus for a permit from the Autorite des Marches Financiers (AMF or Financial Markets Authority), the French equivalent of the U.S. Securities and Exchange Commission. Small and medium-size enterprises (SMEs) may also list on EnterNext, a new subsidiary of the Euronext Group. The bourse in Paris also offers Euronext Access, an unregulated exchange for Start-ups.
France's banking system recovered gradually from the 2008-2009 global financial crises and passed the 2018 stress tests conducted by the European Banking Authority. The French banking sector is healthy. Non-performing loans were 3.1 percent in France at the end of 2017, compared to a ratio of 3.6 percent in the previous year. The French banking industry is notable for its universal banking model: a single bank offers a full range of financial business lines: retail banking, specialist finance, corporate and investment banking, asset management and insurance.
Four French banks are ranked among the world's 20 largest. The assets of France's largest banks totaled EUR 7.5 trillion (USD 8.47 trillion) in 2018. Acting on a proposal from the Banque de France in June 2018, the High Council for Financial Stability (HCSF) told the country's largest banks to raise the "countercyclical capital buffer" from zero to 0.25 percent of their bank's risk-weighted assets. HCSF cited international "factors of economic and political uncertainty that could put growth at risk."
France has a central bank, namely the Banque de France, that is a member of the Eurosystem, which groups together the European Central Bank (ECB) and the national central banks of all countries that have adopted the euro. The Banque de France is a public entity governed by the French Monetary and Financial Code. The conditions whereby it conducts its missions on national territory are set out in its Public Service Contract. The three main missions are monetary strategy, financial stability together with the High Council of financial stability (Haut Conseil de la Stabilite Financiere) which implements macroprudential policy, and the provision of economic services to the community. In addition, it participates in the preparation and implementation of decisions taken centrally by the ECB Governing Council.
Foreign banks can operate in France either as subsidiaries or branches but need to obtain a license. Credit institutions' licenses are generally issued by France's Prudential Authority (ACPR – Autorite de Controle Prudentiel et de Resolution) which reviews whether certain conditions are met (e.g. minimum capital requirement, sound and prudent management of the bank, compliance with balance sheet requirements, etc.). Both EU law and French legislation apply to foreign banks. Foreign banks or branches are additionally subject to prudential measures and must provide periodic reports to the ACPR regarding operations in France, including detailed reports on their financial situation. At the EU level, the 'passporting right' allows a foreign bank settled in any EU country to provide their services across the EU, including France. There are about 1,028 credit institutions authorized to carry on banking activities in France; the list of foreign banks is available on this website: https://www.regafi.fr/spip.php?page=results&type=advanced&id_secteur=3&lang=
en&denomination=&siren=&cib=&bic=&nom=&siren_agent=&num=&cat=01-TBR07&retrait=0
France's investment remittance policies are stable and transparent. All inward and outward payments must be made through approved banking intermediaries by bank transfers. There is no restriction on the repatriation of capital. Similarly, there are no restrictions on transfers of profits, interest, royalties, or service fees. Foreign-controlled French businesses are required to have a resident French bank account and are subject to the same regulations as other French legal entities. The use of foreign bank accounts by residents is permitted.
For purposes of controlling exchange, the French government considers foreigners as residents from the time they arrive in France. French and foreign residents are subject to the same rules; they are entitled to open an account in a foreign currency with a bank established in France, and to establish accounts abroad. They must report all foreign accounts on their annual income tax returns, and money earned in France may be freely converted into dollars or any other currency and transferred abroad.
France is one of nineteen countries (known collectively as the Eurozone) that use the euro currency. Exchange rate policy for the euro is handled by the European Central Bank, located in Frankfurt, Germany. The average euro to USD exchange rate from April 11, 2018 to April 12, 2019 was 1 USD to 0.88 euro.
France is a founding member of the OECD-based Financial Action Task Force (FATF, a 34-nation intergovernmental body). As reported in the Department of State's France Report on Terrorism, the French government has a comprehensive anti-money laundering/counterterrorist financing (AML/CTF) regime and is an active partner in international efforts to control money laundering and terrorist financing. Tracfin, the French government's financial intelligence unit, is active within international organizations, and has signed new bilateral agreements with foreign countries.
France has no sovereign wealth fund per se (none that use that nomenclature), but does operate funds with similar intent. The Public Investment Bank (Banque Publique d'Investissement – BPI, now known as Bpifrance) supports small and-medium term enterprises (SMEs), larger enterprises (Entreprises de Taille Intermedaire) and innovating businesses. The government strategy is defined at the national level and aims to fit with local strategies. Bpifrance may hold direct stakes in companies, hold indirect stakes via generalist or sectorial funds, venture capital, development or transfer capital. Bpifrance has minority stakes in 214 firms and 56 investment funds that invest in businesses. It also provides export insurance.
Luxembourg government policies, which reflect the European Union's free movement of capital framework, facilitate the free flow of financial resources to support the product and factor markets. Credit is allocated on market terms, and foreign investors are able to get credit on the local market, thanks to the sophisticated and extremely developed international financial sector, depending on the banks' individual lending policies.
Since the financial crisis and tighter regulation through EU central banking authority and stability mechanisms, banks have become more selective in their lending practices. The private sector has access to a variety of credit instruments, including those issued by the National Public Investment Agency (SNCI), and there is an effective regulatory system established to encourage and facilitate portfolio investment.
In recent years, Luxembourg has been recognized as a model of fighting money-laundering activities within its banking system through the enactment of strict regulations and monitoring of fund sources. The country has its own stock market, a sub-set of which was rebranded in 2016 as a "green exchange" to promote securities (primarily bonds in Luxembourg) reflecting ecologically sound investments.
Luxembourg's banking system is sound and strong, having been shored up following the world financial crisis by emergency investments by the Government of Luxembourg in BGL BNP Paribas (formerly Banque Generale du Luxembourg and then Fortis) and by the Government of Luxembourg in Banque Internationale a Luxembourg (BIL), formerly Dexia, in 2008.
At the end of 2018, 136 credit institutions were operating, with total assets of EUR 790 billion during the first quarter of 2019 (USD 894 billion), and approximately 26,000 employees.
Luxembourg has a central bank, Banque Centrale de Luxembourg. Foreign banks are allowed to establish operations, subject to the same regulations as Luxembourgish banks.
Due to the U.S. FATCA law, local retail bank Raiffeisen bank still refuses U.S. citizens as clients. However, two banks have offered to serve U.S. citizen customers: BIL and the State Bank and Savings Bank (Banque et Caisse d'Epargne de l'Etat).
On February 21, 2018, the Luxembourg House of Financial Technology (LHoFT) signed a Memorandum of Understanding (MoU) with the European FinTech platform, B-Hive, based in Brussels, and the Dutch Blockchain Coalition, that will favor collaboration in the field of distributed ledger technology, otherwise known as blockchain. The MoU confirms mutual interest and defines the fields of collaboration, among other things, on how blockchain technology can benefit society and business in general or on how they can help define international and/or European standards for distributed ledger technology.
The Ministry of Finance is tracking developments very closely in the field of virtual currencies and has said it will adapt its legislation in accordance with the results of ongoing European and international studies. Luxembourg places virtual currencies under the legal regime of payment companies.
There are no restrictions on converting or transferring funds associated with an investment (including remittances of investment capital, earnings, loan repayments, lease payments) into a freely usable currency and at a legal market-clearing rate. Luxembourg was a proponent of the euro currency and adopted it immediately at inception in 1999 (as part of the "Eurozone" of EU member states adopting the euro to replace their former domestic currencies.) The European Central Bank is the authority in charge of the euro currency.
There have not been any recent changes to remittance policies with respect to access to foreign exchange for investment remittances. There is no difficulty in obtaining foreign exchange, which has been freely traded since the 1960s, and the Luxembourg stock market trades in forty different currencies, so is truly international and expanding at a fast rate.
The average delay period currently in effect for remitting investment returns such as dividends, return of capital, interest and principal on private foreign debt, lease payments, royalties and management fees through normal, legal channels is quite brief, approximately 24 hours. Investors can remit through a legal parallel market including one utilizing cash and convertible negotiable instruments (such as dollar-denominated host government bonds issued in lieu of immediate payments in dollars). There is no limitation on the inflow or outflow of funds for remittances of profits, debt service, capital, capital gains, returns on intellectual property, or imported inputs.
Luxembourg created a sovereign wealth fund in 2014. The fund is under the tutelage of the Ministry of Finance and operates with 234 million euros of assets. Until the fund reaches 250 million euros of assets, it operates a conservative investment policy, with a portfolio of 57 percent of bonds, 40 percent of stocks and 3 percent of liquidities. The sovereign wealth fund only invests outside of Luxembourg and is audited by an independent audit company.
The Netherlands is home to the world's oldest stock exchange – established four centuries ago – and to Europe's first options exchange, both located in Amsterdam. The Amsterdam financial exchanges are part of the Euronext group that operates stock exchanges and derivatives markets in Amsterdam, Brussels, Lisbon, and Paris.
Dutch financial markets are fully developed and operate at market rates, facilitating the free flow of financial resources. The Netherlands is an international financial center for the foreign exchange market, Eurobonds, and bullion trade.
The flexibility that foreign companies enjoy in conducting business in the Netherlands extends into the area of currency and foreign exchange. There are no restrictions on foreign investors' access to sources of local finance.
The Dutch banking sector is firmly embedded in the European System of Central Banks, of which the Dutch Central Bank (DNB) is the national prudential banking supervisor. AFM, the Dutch securities and exchange supervisor, supervises financial institutions and the proper functioning of financial markets and falls under the EU-wide European Securities and Markets Authority (ESMA).
The highly concentrated Dutch banking sector is over three times as large as the rest of the Dutch economy, making it one of Europe's largest banking sectors in relation to GDP. Three banks ING, ABN AMRO, and Rabobank, hold nearly 85 percent of the banking sector's total assets. The largest bank, ING, has a balance sheet of USD 1 trillion (€887 billion).
The DNB does not consider Bitcoin and similar cryptocurrencies to be a legitimate currency, as they do not fulfill the traditional purposes of money as stable means of exchange or saving. The DNB does not consider Bitcoin to have any implications for monetary policy.
The Netherlands is a founding member of the EU and one of the first members of the Eurozone. The European Central Bank supervises monetary policy, and the president of the Dutch Central Bank (DNB) sits on the European Central Bank's Governing Council.
There are no restrictions on the conversion or repatriation of capital and earnings (including branch profits, dividends, interest, royalties), or management and technical service fees, with the exception of the nominal exchange-license requirements for nonresident firms.
The Netherlands does not impose waiting periods or other measures on foreign exchange for remittances. Similarly, there are no limitations on the inflow or outflow of funds for remittance of profits or revenue. The Netherlands, as a Eurozone member, does not engage in currency manipulation tactics.
The Netherlands has been a member of the FATF since 1990 and – because of the membership of its Caribbean territories in the Caribbean FATF (C-FATF) – strongly supports C-FATF.
With the promulgation of additional, preventative anti-money laundering and counterfeiting legislation, the Netherlands has remedied many of the deficiencies revealed in a 2011 Mutual Evaluation Report. As a result, FATF removed the Netherlands from its "regular follow-up process" in February 2014. The State Department's Bureau of International Narcotics and Law Enforcement's International Narcotics Control Strategy Report (INCSR) has listed the Netherlands as a "country of primary concern," largely because the country is a major global financial center and consequently an attractive venue for laundering funds generated by illicit activities. More information can be found at https://www.state.gov/j/inl/rls/nrcrpt/2016/vol2/253421.htm.
The Netherlands has no sovereign wealth funds.
Norway has a highly-computerized banking system that provides a full range of banking services, including internet banking. There are no significant impediments to the free market-determined flow of financial resources.
Foreign and domestic investors have access to a wide variety of credit instruments. The financial regulatory system is transparent and consistent with international norms. The Oslo Stock Exchange facilitates portfolio investment and securities transactions in general.
Norwegian banks are generally considered to be on a sound financial footing, and the 10 largest banks hold around USD 600 billion in assets. Conservative asset/liquidity requirements limited the exposure of banks to the global financial crisis in 2008/9. Foreign banks have been permitted to establish branches in Norway since 1996.
Norway's currency is the Krone. Dividends, profits, interest on loans, debentures, mortgages, and repatriation of invested capital are freely and fully remissible, subject to Central Bank reporting requirements. Ordinary payments from Norway to foreign entities can normally be made without formalities through commercial banks. Norway is a member of the Financial Action Task Force.
See above, no restrictions.
Norway's sovereign wealth fund, the Government Pension Fund Global (GPFG), was established in 1990 and was valued at NOK 8,256 billion (USD 971 billion) at year-end 2018. The management mandate requires the fund to be invested widely, outside Norway. Petroleum revenues are invested in global stocks and bonds, and the current portfolio includes over 9,000 companies and approximately 1.4 percent of global stocks. The fund is invested across three asset classes. The fund aims to invest in most markets, countries, and currencies to achieve broad exposure to global economic growth. Just over a third of the fund's investments are in the United States, which is its single largest market. The fund tries to play an active role in its investments and aims at voting in almost all general shareholder meetings.
In 2004, Norway adopted ethical guidelines for GPFG investments that prohibit investment in companies engaged in various forms of weapons production, environmental degradation, tobacco production, human rights violations, and what it terms "other particularly serious violations of fundamental ethical norms." In March 2019 the GON announced that companies classified by index provider FTSE Russell as being in the subsector "0533 Exploration & Production" in the sector "0001 Oil & Gas" no longer would be part of the GPFG portfolio. Current holdings in these companies will be phased out over time. More broadly-focused energy companies, which have investments in renewable and sustainable energy sources as well as oil & gas divisions, may still be included. The fund currently has over 100 companies on its exclusion list, at least 24 of which are U.S. companies. The ethical guidelines also highlight three focus areas in term of sustainability: children's rights, climate change, and water management.
The fund adheres to the Santiago Principles and is a member of the IMF-hosted International Working Group on Sovereign Wealth Funds.
Credit is allocated on market terms and is made available to foreign investors in a non-discriminatory fashion. The private sector has access to a variety of credit instruments. Legal, regulatory, and accounting systems are transparent and consistent with international norms. NASDAQ-OMX is a modern, open, and active forum for domestic and foreign portfolio investment. It is Sweden's official stock exchange and operates under specific legislation. Furthermore, the Swedish government is neutral toward portfolio investment and Sweden has a fully capable regulatory system that encourages and facilitates portfolio investments.
Several foreign banks, including Citibank, have established branch offices in Sweden, and several niche banks have started to compete in the retail bank market. The three largest Swedish banks are Skandinaviska Enskilda Banken (SEB), Svenska Handelsbanken, and Swedbank. Nordea is the largest foreign bank and largest bank in Sweden, while Danske Bank is the second largest foreign bank and the fifth largest bank in Sweden. A deposit insurance system was introduced in 1996, whereby individuals received protection of up to SEK 250,000 (USD 38,285) of their deposits in case of bank insolvency. On December 31, 2010, the maximum compensation was raised to the SEK equivalent of 100,000 euro.
The banks' activities are supervised by the Swedish Financial Supervisory Authority, Finansinspektionen, http://www.fi.se, to ensure that standards are met. Swedish banks' financial statements meet international standards and are audited by internationally-recognized auditors only. The Swedish Bankers' Association, http://www.bankforeningen.se , represents banks and financial institutions in Sweden. The association works closely with regulators and policy makers in Sweden and Europe. Sweden is not part of the Eurozone; however, Swedish commercial banks offer euro-denominated accounts and payment services.
In 2014 Sweden signed the Foreign Account Tax Compliance Act (FATCA) agreement with the United States to counter tax evasion and fraud. Financial institutions in Sweden are now obligated to submit information on American citizen account holders to the Swedish Tax Agency, which relays this to the U.S. Internal Revenue Service (IRS). In 2015 the Swedish Parliament passed new laws and regulations associated with FATCA implemention:
a new law on the identification of reportable accounts with respect to FATCA;
changes to tax procedure act;
new legislation on the exchange of information with respect to the agreement; and
consequential amendments to the Income Tax Act and other laws.
For full text of Bill 2014/15:41, please see http://www.regeringen.se/contentassets/bd8cf7f897364944b35f5f30c099bc0c/genomforande-av-avtal-mellan-sveriges-regering-och-amerikas-forenta-staters-regering-for-att-forbattra-internationell-efterlevnad-av-skatteregler-och-for-att-genomfora-fatca-prop.-20141541> .
Foreign banks or branches offering financial services must have an authorization from the Swedish Financial Supervisory Authority, Finansinpektionen, to conduct operations. As part of the authorization application process, FI reviews the firm's capital situation, business plan, owners, and management. Parts of the firm's daily operations may also require authorization from FI. The applicable regulatory code can be found at http://www.fi.se/en/our-registers/search-fffs/2009/20093/ .
There are no reported losses of correspondent banking relationships in the past three years and there are no current correspondent banking relationships that are in jeopardy. Foreigners have the right to open an account in a bank in Sweden provided he/she can identify him/herself and the bank conducts an identity check. The bank cannot require the person to have a Swedish personal identity number or an address in Sweden.
Sweden adheres to a floating exchange rate regime and the national currency (Swedish Krona) rate fluctuates.
Sweden does not impose any restrictions on remittances of profits, proceeds from the liquidation of an investment, or royalty and license fee payments. A subsidiary or branch may transfer fees to a parent company outside of Sweden for management services, research expenditures, etc. Funds associated with any form of investment can be freely converted into any world currency. In general, yields on invested funds, such as dividends and interest receipts, may be freely transferred. A foreign-owned firm may also raise foreign currency loans both from its parent corporation and credit institutions abroad. There are no recent changes or plans to change investment remittance policies. There are no time limitations on remittances.
There is no sovereign wealth fund in Sweden.
12. OPIC and Other Investment Insurance Programs


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September 1, 2017 at 10:57am
McChord leadership honor loadmaster legend
By Senior Airman Jacob Jimenez, 62nd Airlift Wing Public Affairs Comments
Dan Watson, friend of the late Chief Master Sgt. William Cannon, unveil the newly named Chief Master Sgt. William M. Cannon Boulevard Aug. 19 at Joint Base Lewis-McChord. Photo credit: Senior Airman Jacob Jimenez
A rare honor was bestowed on a prior McChord airman and his family during a street renaming ceremony Aug. 19 at Joint Base Lewis-McChord.
The ceremony unveiled McChord Field's newly renamed street Chief Master Sgt. William M. Cannon Blvd., previously 5th St. NE on Heritage Hill.
The late Cannon was a retired McChord loadmaster who was a Distinguished Flying Cross recipient and made immense contributions to the loadmaster community and the development of the C-17 Globemaster III.
"Chief Master Sgt. Bill Cannon was a seasoned aviator, gifted leader and the 'father of the C-17 loadmaster,'" said Col. Reba Sonkiss, 62nd Airlift Wing commander. "This street, now to be called Chief Master Sgt. William M. Cannon Boulevard, recognizes the contributions of a man who dedicated his entire life and career in service to our great nation and our Air Force."
Serving more than 30 years in the Air Force, Cannon held more than 16,600 flying hours in the C-54, C-24, C-130 and C-141 aircraft, Sonkiss noted. He also served in Vietnam where he earned the Distinguished Flying Cross.
"When you think back to the incredible history of airlift here at McChord, it really puts into perspective the accomplishments and contributions of incredible airmen like Chief Cannon," said Sonkiss. "We can only hope to make him proud in the future as we set out on our own paths."
After retiring as the chief loadmaster at McChord, Cannon was the chief loadmaster of the C-17 flight test program. He also founded the Airlift Tanker Association and the Professional Loadmaster Association.
"Chief Cannon was a great leader, an inspiration to look up to and his dedication to service and others was beyond reproach," said Dan Watson, friend of Cannon. "He was an amazing man and the renaming of the street is befitting of his service to all loadmasters past, present and future."
Chief Master Sgt. William M. Cannon Blvd. joins those of the distinguished streets and buildings on McChord Field named after airmen who've made great contributions to the Air Force.
"Chief Cannon left behind an undeniable legacy of service and excellence that paved the way for our current mobility Air Force," said Sonkiss. "This renaming honors the trail that he blazed for the C-17 community, the 62nd Airlift Wing, and the United States Air Force."
Air Force introduces new, improved tool to manage civilian benefits
By Richard Salomon, Air Force Personnel Center Public Affairs Comments
The GRB Platform recently replaced the Employee Benefits Information System and helps Air Force civilians more effectively manage their benefits and entitlement info. Photo credit: Richard Salomon
The Air Force is the first agency in the Department of Defense to roll out a new tool that helps government civilians more effectively manage their benefits and entitlement information.
The Government Retirement and Benefits Platform is a web-based application that allows employees to make changes and updates to their health insurance, life insurance, Thrift Savings Plan and other personal benefit information.
The GRB Platform replaces the Employee Benefits Information System, which replaced most paper-based processes in 1996.
"The GRB Platform includes all the functionality previously offered with EBIS, but in a much more intuitive and user-friendly environment," said Annette Castro, a human resource specialist at the Air Force Personnel Center. "It gives employees the ability to easily obtain and request various retirement estimates, complete their retirement packages and review their current benefits coverage."
The site also contains informational videos, facts sheets, electronic forms, calculators, retirement courses and links to external websites to help individuals make important decisions regarding their benefits.
Employees can access the GRB Platform application through AFPC Secure by selecting the "GRB Platform" application link. Employees should see a brief video explaining the new system the first time they log in.
"This is another example of how we are providing smarter and more efficient personnel services to our customers worldwide," Castro said. "It's important that we continue to improve and enhance all of our business processes, so our customers can have what they need right at their fingertips."
For more information, visit the myPers website and search "GRB Platform."
September 6, 2017 at 7:04am
Get ready to boogie down at McChord Block Party
By Ruth Kingsland/JBLM PAO Comments
Athena Mabry The annual McChord Housing Block Party will take place Sept. 9 from 11 a.m. to 2 p.m. at Carter Lake Elementary School on McChord Field.
School may be starting, but there's still time to party in the 'hood.
Enhanced family readiness, spiritual resiliency and community bonding are the goals for the McChord Field Housing Block Party scheduled at Carter Lake Elementary School, 3415 Lincoln Ave., on McChord Field, Sept. 9 from 11 a.m. to 2 p.m.
This the second year for the free event, which is sponsored by the Joint Base Lewis-McChord Religious Support Office and the McChord Field Chapel.
The event is open to all service members and families within McChord Field housing.
The first year, the event took place at Carter Lake Park, but this year it was moved to the elementary school campus for better support facilities and in the hope of accommodating a larger gathering, according to Chaplain (Lt. Col.) Gerald Snyder, a chaplain with the 627th Air Base Group.
"(The event is) an opportunity for fun for the whole family — an opportunity to meet your neighbors and learn about (the Joint Base Lewis-McChord Religious Support Office's) fall programs," Snyder said.
Last year, more than 200 McChord Field housing residents came out for the block party, Snyder said.
"The event features a multigenerational approach to community building," Snyder said. "Numerous volunteers including retirees, active-duty and family members of all ages support the event."
Music, carnival games, bouncy houses, free food and raffles will be part of the experience that's aimed at de-stressing military family members at the start of the school year.
"Everyone is welcome," Snyder said.
SELL, BUY TREASURES AT JBLM FALL FLEA MARKET
By JBLM Story Release Comments
Make some quick cash by selling gently used items, or come to buy unique treasures at the annual Joint Base Lewis-McChord Fall Flea Market Sept. 16 from 11 a.m. to 5 p.m. in Family and MWR's Fest Tent next to Bowl Arena Lanes at 2200 Liggett Ave. on Lewis Main. Rent two 6-foot tables, spaces or combos for only $26. Three tables/space combos spanning 18 feet are $30. Rent an additional 6-foot table or space for $6 more. You must be an authorized military ID cardholder in order to sell your household or yard items. Email specialevents@JBLMmwr.com, or call 253-967-6772 for reservations.
Air Force to lessen pilot shortage, added incentives to keep troops flying
By Secretary of the Air Force Public Affairs Comments
Air Force pilots can cash in on new incentives if they are willing to stay in the cockpit. Photo credit: U.S. Air Force
Air Force officials announced three additional initiatives designed to enhance mission readiness by keeping pilots in the service and bringing retired pilots back to fill critical-rated positions.
The first is an increase in the aviation incentive pay, commonly called flight pay, for both officer and enlisted aviators for the first time since 1999, effective Oct. 1. The second is an expansion of the fiscal year 2017 Aviation Bonus Program to include non-contracted and contract-expired pilots that began Aug. 4. The third is the rated return to active-duty program which brings retired pilots back into the service to fill critical-rated staff positions that began Aug. 11.
"We need to retain our experienced pilots and these are some examples of how we're working to do that," said Secretary of the Air Force Heather Wilson. "We can't afford not to compensate our talented aviators at a time when airlines are hiring unprecedented numbers."
Retaining experience, enhancing readiness
The Air Force was 1,555 pilots short at the end of fiscal 2016, which includes 1,211 total force fighter pilots -- with the deficit expected to grow.
To address this, the first initiative is directed at all aviators and provides higher amounts of incentive pay, or flight pay. Aviators will see a reduced number of steps in the Air Force Aviation Incentive Pay table, an increase to a maximum of $1,000 per month and increased pay rates across all steps for officers beginning Oct. 1.
Simultaneously, enlisted aircrew members will also see their incentive pay increase. The Critical Skills Incentive Pay, previously referred to as Career Enlisted Flyer Incentive Pay, will increase to a maximum of $600 per month.
Air Force incentive pay for aviators with less than six years of aviation service hasn't been increased since 1980. The most recent changes to incentive pay were made in 1999.
In addition to the incentive pay increases, the Air Force expanded the fiscal 2017 Aviation Bonus Program.
"The Air Force's fiscal year 2017 Aviation Bonus take rates have been lower than what the Air Force needs," explained Lt. Gen. Gina Grosso, the Air Force deputy chief of staff for manpower, personnel and services. "The bonus is now being offered to a larger pool of pilots that includes those beyond their initial service commitments who have previously declined to sign long-term bonus contracts and those whose contracts have expired.
"This is one of many initiatives we are taking to retain experienced pilots," Grosso stated.
The final initiative is the Voluntary Rated Return to Active Duty, or VRRAD, program that is open to all pilot Air Force Specialty Codes (11X). The service is accepting up to 25 retired 11Xs volunteering to return to active-duty for up to 12 months to primarily fill critical-rated staff positions, thereby allowing current and qualified pilots to remain in operational units where they are needed to meet mission requirements.
A number of non-flying staff positions require a pilot's expertise. The Air Force has reviewed these positions to determine if each is necessary and if it requires a pilot to fulfill its duties. Volunteers for VRRAD will help fill these positions.
"Our combat-hardened aircrews are at the tip of the spear for applying airpower against our nation's enemies," said Air Force Chief of Staff Gen. David Goldfein. "Secretary Wilson and I are committed to doing everything in our power to ensure we maintain that capability for the nation. We continue to swing away at this issue and we're looking at multiple options to improve both quality of life and quality of service for our pilots."
Mobility Exercise enhances community, international partnerships
By Gen. Carlton D. Everhart II, Air Mobility Command commander Comments
Gen. Carlton D. Everhart II is commander of Air Mobility Command based at Scott Air Force Base, Illinois. Photo credit: U.S. Air Force
Air Mobility Command recently completed a very successful Exercise Mobility Guardian. The exercise, involving 30-plus nations and more than 3,000 exercise participants, challenged U.S. and partner militaries to "Train like We Fight" with outstanding support from the Spokane, Yakima, Tacoma and Seattle communities who served as our hosts.
The exercise tested our total force airmen on the "Core 4" Air Mobility Command missions of aerial refueling, airlift, aeromedical evacuation and mobility support.
The Air Mobility Command mission is diverse, impacting national security while contributing to how various communities view mobility operations. Recognizing this, we added another dynamic to the exercise: robust interaction with news media and the community.
In today's defense environment, the media and community are intertwined in our operations and demand an understanding of what the military is charged to do. Engaging both is a national imperative that ensures we hold ourselves accountable to our airmen, the American people and international partners.
I think the necessity of engaging the press in these activities is well understood. However, incorporating civic leaders and the communities we serve, both domestically and internationally, is equally important. Engagement presents tangible benefits for our mission, airmen and their families, leading to stronger mission partnerships. The military and our families rely on these partnerships during the good times, and under challenging circumstances when natural disaster strikes or world situations require evacuation.
So why is it important for civic leaders and communities to become immersed in the Air Force and mobility air forces mission set?
A few benefits include an enhanced:
Understanding of the demands placed on mobility air forces (both aircraft and personnel)
Insight into the impact the mobility air forces is having on national defense and global operations
Pride in installation's impact to larger AMC and Air Force missions
Opportunities to strengthen civic-military ties, trust and public support to complete the mission
Ensuring insight into the respective vantage points of the Air Force as well as our community partners
Awareness of the opportunities available to those interested in serving in the Air Force. We need everyone's help developing an interest in service and a passion for aviation.
When communities have a sense of pride and awareness of the impact of military operations, it results in stronger, supportive military-friendly environments. Supportive military communities make airmen and their families feel valued, welcomed and create a desire for them to stay in the Air Force.
Informing civic leaders about national defense roles, responsibilities, and impacts can also lead to enhanced national defense dialogue on the demands the military faces. Exposure to these topics leads to informed national and local decision-making ensuring we remain accountable to those we serve.
Transparency and a culture of engagement in Air Mobility Command is critically important to me. Our airmen deserve it and so do our community partners. Investment in educating community partners results in established trust and access. This trust is critically important when the Air Force navigates concerns about noise from our aircraft or environmental challenges.
It is important America understands the value we place on integrity, service and excellence -- the effects of what our airmen deliver for the nation deserves nothing less. I expect my commanders to be actively engaged in the community and to help build a strong team to ensure mission success and strong support networks.
At Mobility Guardian, the military-community partnership was on full display. The value of this exercise exceeded traditional military objectives, it factored in the total force team required to win our nation's wars -- our military, international and community partners. The Spokane, Yakima, Tacoma and Seattle communities aced the challenge and understand the role they serve in enabling a power projection platform for America.
Enlisted special duty assignment pay effective Nov. 1
By Kat Bailey, Air Force Personnel Center Public Affairs Comments
The Air Force semiannual review resulted in 13 additions to the pay table including a number of jobs with special experience identifiers such as flight engineer, special missions aviator and loadmaster. Photo credit: Osakabe Yasuo
The Air Force will update enlisted special duty assignment pay for several career fields, locations or special assignment duties effective Nov. 1, following the most recent Air Force semiannual review.
SDAP is a monetary allowance that compensates enlisted airmen serving in extremely demanding positions with unusually challenging responsibilities that differ from the normal demands of their jobs. Airmen receive a minimum of $75 per month up to the maximum of $450 per month.
The review resulted in 13 additions to the pay table including a number of jobs with special experience identifiers such as flight engineer, special missions aviator, loadmaster and remotely piloted aircraft sensor operator. Other duties added to the pay table include airfield manager, digital network analyst, cyberspace mission forces, RPA cyber technician, special operations surgical teams and Korean cryptologic language analyst.
Modifications, particularly clarification to eligibility criteria, were made to an additional 23 duties.
"The Air Force meticulously evaluates this program to ensure we are accurately compensating our airmen working in rigorous career fields with an unusual degree of complexity, difficulty or responsibility," said Senior Master Sgt. Joey Williams, the Airman Support branch superintendent at the Air Force's Personnel Center. "We hope to provide an incentive for airmen to volunteer for and perform duties in critical career fields in order to best support future Air Force missions."
The specialty and individual assignment should meet one or more of the following criteria in order for SDAP consideration:
Duties require extremely demanding personal effort to ensure successful mission accomplishment
Positions are extremely demanding and require an unusual degree of responsibility over and above what would reasonably be expected in a military assignment for members with the same grade and experience
The special duty assignment is different from the normal career progression and job description for the Air Force specialty code
Duties requiring special qualifications that are met through rigorous screening and/or special schooling above the normal qualifications of the skill or grade to maintain proficiency
To see the full special duty assignment pay list and a summary of the changes, visit the enlisted compensation landing page on myPers. Alternatively, select "Active Duty Enlisted" from the myPers dropdown menu and search "SDAP."
For more info about Air Force personnel programs, go to https://mypers.af.mil/.
September 14, 2017 at 1:58pm
WADS remotely saves over 800 Hurricane Harvey victims
By Master Sgt. Ryc Cyr and Kimberly D. Burke Comments
Capt. Nicholas Rhodes (from left to right), Maj. Matthew Horrocks, Staff Sgt. Kayla Sharpe, and Capt. Gregory Firestone assist with aviation rescue of victims of Hurricane Harvey. Photo credit: Capt. Kimberly D. Burke
The Western Air Defense Sector on Joint Base Lewis-McChord diligently worked with dozens of agencies and first responders in direct support of search and rescue operations in the Houston area following the wake of destruction left by Hurricane Harvey since Aug 30.
"The WADS is normally tasked with the air defense of North America for NORAD," said Col. Gregor Leist, WADS commander. "But by utilizing air battle management command and control skills, an extensive network of radio and telephone communication, radar and data link equipment and ingenuity and innovation, the Washington Air National Guardsmen of team BIGFOOT put their expertise to use to save over 800 people from rising flood waters."
On Aug. 30, military authorities scrambled an Airborne Warning AND Control System surveillance aircraft from Tinker Air Force Base, Oklahoma, to the Houston area.
"The mission was for situational awareness," said Col. William Krueger, 225th Air Defense Group commander. "But within a short amount of time the WADS began providing critical communications relay between the Texas Emergency Operations Center, rescue coordination centers, joint terminal air controllers and the U.S. Coast Guard helicopters who executed the SAR mission. The communications relay was needed due to cell tower and electrical outages throughout the Houston area."
According to Lt. Col. Brian Bergren, 225th Air Defense Squadron director of operations, the WADS vast communication network was able to provide real-time rescue status updates for 11 hospitals, numerous helicopter landing zones and aircraft refueling areas over an area of approximately 25,000 square miles."
"The WADS enhanced the decision-making abilities for those on the ground trying to rescue stranded people, and brought a sense of order to the chaotic airspace over the flood zone area," Bergren said. "The dedication of these Washington Air Guardsman directly resulted in the safe execution of 148 flying sorties, 81 SAR events and the notable rescue of over 800 individuals."
One poignant event that the WADS was involved with was the urgent call for help from one of the emergency coordination centers stating water had started flooding Pine Forest Elementary School, in Vidor, Texas, due to a dam break.
"There were over a hundred evacuees located there who needed immediate rescue," said Capt. Nicholas Rhodes, air battle manager. "When helicopters arrived on scene to pick up the survivors, we smoothly and calmly directed the airborne assets to Houston area hospitals after ensuring landing zones were both available and safe."
The Westen Air Defense Sector leadership had nothing but accolades for Maj. John Dalrymple, Maj. Matthew Horrocks, Capt. Nicholas Rhodes, Capt. Gregory Firestone, and Staff Sgt. Kayla Sharpe, all of whom remained calm under pressure during this rescue operation.
"This team was instrumental in expeditiously creating cohesive air extraction plans during the entire search and recovery effort," explained Krueger.
The WADS air battle managers and command and control battle management operators from the Washington Air National Guard have completed the critical SAR support to Texas and Louisiana. This operation was the largest direct support effort to the Defense Support of Civil Authorities enterprise the WADS has participated since Sept. 11, 2001.
Fly away with Space A
By Airman 1st Class Joshua Magbanua, 86th Airlift Wing Public Affairs Comments
Airman 1st Class Cody Nichols, a 721st Aerial Port Squadron passenger services agent, answers the phone while working at the passenger service desk on Ramstein Air Base, Germany, Aug. 14. Photo credit: Airman 1st Class Joshua Magbanua
Space Available, commonly known as Space A, is a program at many U.S. military installations around the world that allows military members, dependents, retirees, and certain civilians to ride an aircraft to a destination at either a very cheap price or no cost at all.
The program stems from the concept that if a military or contracted aircraft is headed to a particular destination and extra space is available, eligible passengers join the flight.
Ramstein Air Base, which serves as a major Air Force hub, connects to many installations across Europe and the U.S.
Master Sgt. Christian Stamper, a 721st Aerial Port Squadron passenger terminal services section chief, emphasized that space availability depends on certain factors concerning the aircraft or the mission it supports. He mentioned that because of the unpredictable nature of military flights and missions, his airmen cannot guarantee that Space A passengers will be able to board a certain flight, or if a flight will take off at all.
"Space A is a privilege," Stamper said. "When mission and cargo holds allow, seats may be available to eligible passengers. Please be aware that Space A passengers must be prepared to cover commercial travel expenses if Space A flights are changed or become unavailable.
Do not demand to fly Space A," he added. "If you have places you need to be at a certain time, Space A may not be the option for you."
Passengers hoping to fly Space A fall under six categories, with category one taking the most priority and category six taking the least.
Category one is for people on emergency leave, while people on environmental morale leave are category two, and active-duty members on regular leave fall under category three. Category four is for dependents whose sponsors are deployed for 30 days or more, while dependents simply traveling without their sponsors fall under category five. Finally, category six is for retirees conducting leisurely travel.
Airman 1st Class Cheyenne Wood, a 721st APS passenger service agent, said one of the biggest challenges Space A passengers may face is obtaining an available seat, especially during peak seasons.
"Active-duty members tend to take leave with their children over the summer," she said. "They will take priority over dependents (travelling without sponsors) and retirees. It's very common in the summer for us to not even get through all the categories. It is a little harder to try and fly out ... summer is definitely the busiest season for us."
Wood added that passengers who are making a permanent change of station do not fall under Space A, but are booked through the travel office of their branch of service. Thus, PCS passengers take priority over those flying Space A.
Passengers wishing to fly Space A must bring a number of documents depending on their category and purpose of travel.
Active-duty members must bring their passport, leave form, and military ID. Active-duty members must also wait until their leave officially starts prior to signing up for Space A. Dependents traveling with their sponsor must bring their passport and ID. If the dependent is traveling without their sponsor, they must bring a command sponsorship letter along with the two aforementioned documents. A dependent's sponsor can refer to his or her chain of command to inquire about command sponsorship letters. The letter must also be signed by the sponsor's commander. Retirees wishing to travel through Space A must have their passport and ID.
Wood added that passengers traveling on emergency leave should have a Red Cross number in order for passenger service agents to contact and verify the passenger's priority.
Airman 1st Class James DeCoster, a 721st APS passenger service agent, stressed the importance of passengers making sure they have everything they need before showing up at the terminal expecting a flight.
"Make sure you're one hundred percent travel-ready," DeCoster said. "Make sure you've taken care of your lodging, you've turned in your rental car, you've got all your baggage to include your personal items, carry-on and checked bags. If you don't have all of that, you're not considered travel-ready and we cannot select you for that flight."
DeCoster explained that after being selected for a flight, the passenger can be ordered to go straight through check-in and security and they will not have time to take care of any pre-departure business. He also encouraged Space A passengers to be patient and flexible, saying that they are not guaranteed a seat especially during peak seasons. The seasons a passenger is most likely to obtain a seat are spring, fall and winter, except for Christmas time, he said.
"One minute can make the difference between being selected to board a Space A flight or having to turn-around and pay for a commercial airline ticket," DeCoster added. "If you're going to wait until the last minute thinking you'll be picked up for a flight, it's probably not going to happen. The earlier you sign up the better."
Passengers are allowed two check-in bags at 70 pounds each, plus one carry-on bag and one personal item. Those wishing to fly Space A are strongly encouraged to show up one hour before roll call. With the exception of active-duty members taking leave, potential passengers can sign up for Space A 60 days prior to their desired departure date.
Passengers flying to Baltimore, Maryland, will pay a head tax of $34.46 with card, or $34.50 with cash. The head tax is for all passengers regardless of age.
Delivering aid from above
By Staff Sgt. Whitney Amstutz, 62nd Airlift Wing Comments
A U.S. Air Force C-17 Globemaster III sits on the flightline at the St. Thomas airport Sept. 9 in St. Thomas, Virgin Islands. Photo credit: Staff Sgt. Whitney Amstutz
In the brief respite between Hurricanes Irma and Jose, members of the 62nd Airlift Wing were able to partner with the Federal Emergency Management Agency (FEMA) to deliver much-needed supplies to San Juan, Puerto Rico, as well as St. Thomas, U.S. Virgin Islands.
"Friday (Sept. 8) at approximately 2:15 a.m., we received the phone call that they were going to use us," said Lt. Col. Brandon Tellez, 62nd Operations Support Squadron director of operations. "We boarded the jet for our initial mission, which was to head to Westover, Massachusetts, to pick up FEMA supplies, but about 90 minutes prior to arrival, the Tactical Air Control Center diverted us to Oceana, Virginia."
As situations continued to develop across the Caribbean and personnel and cargo remained in a state of flux, the relief team adapted to the fluidity of their unique mission.
"We had a really flexible team," Tellez said. "The five of us executed the mission as expertly as we possibly could with all the changes. We diverted to Oceana because there were personnel ready to go right away, and aid was needed right away."
According to Puerto Rican officials, Hurricane Irma killed at least three people, left millions without power and more than 50,000 without potable water.
"We carried fifty FEMA personnel who were a mix of urban search and rescue and medical folks to respond to Hurricane Irma in Puerto Rico," said Senior Airman Zachariah Eye, 7th Airlift Squadron aircraft loadmaster.
Once that mission was complete, the crew was given a turn-around tasking.
"We took that group of fifty and all of their supplies down to San Juan," Tellez said. "We dropped them off and headed to Westover, which had been our original destination."
Upon arrival, loadmasters learned they would be dealing with drastically different cargo than they had in support of Puerto Rico relief.
"We had a diesel tanker truck, portable generator attached to a pickup truck, and a FEMA box truck," Eye said. "Most of the cargo we carry is already designed for airlift -- roll on, roll off. You don't have to do anything special with the ramp. However, because these were commercial vehicles, they were not designed for airlift.
"We had to use some ramps and other techniques to load the cargo on the aircraft without damaging either the vehicles or the aircraft. It wasn't quite as easy as the previous upload of personnel and pallets, but we made it work."
Like the delivery before, this load was initially earmarked for Puerto Rico, but was diverted to St. Thomas during the upload process. Once again, the crew took the changes in stride.
"We got all our ducks in a row and adapted to our new mission," Tellez said. "We arrived as the first C-17 Globemaster III into St. Thomas with FEMA supplies and found that airfield completely devastated. The runway was clear and the ramp was clear, but you could see the roofing material from the top of the terminal had all blown over and been pushed to the side. There were aircraft flipped over, upside down and in ditches. The windows were blown out and there was sea life washed inside the terminals after the flooding."
Though Tellez had involvement in earthquake relief after Haiti was devastated in 2010, he described his most recent relief-bringing effort as particularly fulfilling.
"It was very rewarding," Tellez said. "When we headed to St. Thomas and San Juan, it was after Hurricane Irma, but before Hurricane Jose. We were splitting two hurricanes just to get the FEMA supplies where they needed to be. You can't truck vehicles across the ocean into these islands, so the only source of immediate help is through airlift. That's what we were able to provide the cause."
A first-time experience for Eye, the minute-to-minute nature of the aid mission left a lasting impression.
"It's definitely the most dynamic environment I've ever been in during a mission," Eye said. "Usually when we leave, it's pretty much set in stone that we're going to go here, then here, and doing this; on this mission we just had to be flexible -- press with what you know, but be ready to change. It was a different and rewarding experience and I'm glad I was a part of it."
As the Atlantic continues to hurl storm after storm at the Caribbean and parts of the mainland United States, Tellez had these words of assurance to offer:
"I think I speak for all of the operations community when I say, this is what we want to be doing; this is what we love to do -- helping out and making a difference."

redpajama_set_name: RedPajamaCommonCrawl


After no flying on Saturday (low cloud) good turnout on Sunday. The northerly wind onto our ridge inspired the private Puchacz and the LS3 to be rigged. We also had visits from piolts from 3 other clubs. From Lasham were Ayala and Mike T (admittedly just popped in to say hello on their way to Southern Sailplanes) but the chaps from Talgarth and Weston-on-the-Green did fly. There was ridge lift but not consistent enough (well not for most of us) as it was disrupted by thermals but the thermals weren't really strong enough to be useful. Half the flights managed between 10 and 30 minutes but 2 others went beyond half an hour – Trevor G with 39 minutes and Colin B with 56 minutes. Typically, Colin stated the only reason he landed was that he was getting hungry. I didn't hear any reports of launch heights but I saw 1,900′ on a TL flown in a K13.
Sunny sunday (for mid November).


I was adventurous this week-end and took the train to visit DD. Way cheaper ( 80.00 return vs 160.00 in gas). arrived to her new place and began cleaning/organizing as they discovered they have mice living with them.
One of the other girls parents came to visit this weekend too, so this morning found me washing walls, souring toilets, and cleaning/swamping out DD's bedroom.
we got cutains hung, art work up on the walls, drawers orgazined, laundry done, a shopping trip to Cosco ( including 80 rolls of toilet paper), cleaning supplies, some panrty staple ( 9 bags of pasta for 7.00), chicken broth, tomato sauce, etc. In total I spent 200.00 at Cosco, plus DD and I ventured to the local Sally Ann and bought a couple of glass jars, books and DD found a very cute apron to wear while cooking. 16.00 spent there.
I even met some of their neighbours and very nice people. They'll be watching out for our girls for the next 16 months ( They're committed to here until September 2013.
Isn't it nice to be able to visit and set them up. My mother was never able to help me this way. So I really try and do this for my girls.
Oh darn, thought we might hear about your date!! Or have you gone out with the YOUNG man yet??
Sounds like a fun weekend - I can't wait til I can help Kazi get set up on her own! My mom always came and helped me for a couple days whenever I moved. She loved to organize and decorate and I love the help!


text:
<?php

namespace Dotdigitalgroup\Email\Model\Sync\Importer;

use Dotdigitalgroup\Email\Model\Importer as ImporterModel;
use Dotdigitalgroup\Email\Model\Sync\Importer;
use Dotdigitalgroup\Email\Model\Sync\Importer\Type\Contact\BulkFactory as ContactBulkFactory;
use Dotdigitalgroup\Email\Model\Sync\Importer\Type\Contact\DeleteFactory as ContactDeleteFactory;
use Dotdigitalgroup\Email\Model\Sync\Importer\Type\Contact\UpdateFactory as ContactUpdateFactory;
use Dotdigitalgroup\Email\Model\Sync\Importer\Type\TransactionalData\BulkFactory;
use Dotdigitalgroup\Email\Model\Sync\Importer\Type\TransactionalData\DeleteFactory;
use Dotdigitalgroup\Email\Model\Sync\Importer\Type\TransactionalData\UpdateFactory;

class ImporterQueueManager
{
    /**
     * @var ContactBulkFactory
     */
    private $contactBulkFactory;

    /**
     * @var ContactUpdateFactory
     */
    private $contactUpdateFactory;

    /**
     * @var ContactDeleteFactory
     */
    private $contactDeleteFactory;

    /**
     * @var BulkFactory
     */
    private $bulkFactory;

    /**
     * @var UpdateFactory
     */
    private $updateFactory;

    /**
     * @var DeleteFactory
     */
    private $deleteFactory;

    /**
     * ImporterQueueManager constructor.
     * @param ContactBulkFactory $contactBulkFactory
     * @param ContactUpdateFactory $contactUpdateFactory
     * @param ContactDeleteFactory $contactDeleteFactory
     * @param BulkFactory $bulkFactory
     * @param UpdateFactory $updateFactory
     * @param DeleteFactory $deleteFactory
     */
    public function __construct(
        ContactBulkFactory $contactBulkFactory,
        ContactUpdateFactory $contactUpdateFactory,
        ContactDeleteFactory $contactDeleteFactory,
        BulkFactory $bulkFactory,
        UpdateFactory $updateFactory,
        DeleteFactory $deleteFactory
    ) {
        $this->contactBulkFactory = $contactBulkFactory;
        $this->contactUpdateFactory = $contactUpdateFactory;
        $this->contactDeleteFactory = $contactDeleteFactory;
        $this->bulkFactory = $bulkFactory;
        $this->updateFactory = $updateFactory;
        $this->deleteFactory = $deleteFactory;
    }

    /**
     * Set importing priority for bulk imports.
     *
     * @param array $additionalImportTypes
     * @return null
     */
    public function getBulkQueue(array $additionalImportTypes = [])
    {
        $defaultBulk = [
            'model' => '',
            'mode' => ImporterModel::MODE_BULK,
            'type' => '',
            'limit' => Importer::TOTAL_IMPORT_SYNC_LIMIT
        ];

        //Contact Bulk
        $contact = $defaultBulk;
        $contact['model'] = $this->contactBulkFactory;
        $contact['type'] = [
            ImporterModel::IMPORT_TYPE_CONTACT,
            ImporterModel::IMPORT_TYPE_CUSTOMER,
            ImporterModel::IMPORT_TYPE_GUEST,
            ImporterModel::IMPORT_TYPE_SUBSCRIBERS,
        ];
        $contact['limit'] = Importer::CONTACT_IMPORT_SYNC_LIMIT;

        //Bulk Order
        $order = $defaultBulk;
        $order['model'] = $this->bulkFactory;
        $order['type'] = ImporterModel::IMPORT_TYPE_ORDERS;

        //Bulk Other TD
        $other = $defaultBulk;
        $other['model'] = $this->bulkFactory;
        $other['type'] = [
            'Catalog',
            ImporterModel::IMPORT_TYPE_REVIEWS,
            ImporterModel::IMPORT_TYPE_WISHLIST,
        ];

        foreach ($additionalImportTypes as $type) {
            $other['type'][] = $type;
        }

        return [
            $contact,
            $order,
            $other
        ];
    }

    public function getSingleQueue()
    {
        /*
         * Update
         */
        $defaultSingleUpdate = [
            'model' => $this->contactUpdateFactory,
            'mode' => '',
            'type' => '',
            'limit' => Importer::TOTAL_IMPORT_SYNC_LIMIT
        ];

        //Subscriber resubscribe
        $subscriberResubscribe = $defaultSingleUpdate;
        $subscriberResubscribe['mode'] = ImporterModel::MODE_SUBSCRIBER_RESUBSCRIBED;
        $subscriberResubscribe['type'] = ImporterModel::IMPORT_TYPE_SUBSCRIBER_RESUBSCRIBED;

        //Subscriber update/suppressed
        $subscriberUpdate = $defaultSingleUpdate;
        $subscriberUpdate['mode'] = ImporterModel::MODE_SUBSCRIBER_UPDATE;
        $subscriberUpdate['type'] = ImporterModel::IMPORT_TYPE_SUBSCRIBER_UPDATE;

        //Email Change
        $emailChange = $defaultSingleUpdate;
        $emailChange['mode'] = ImporterModel::MODE_CONTACT_EMAIL_UPDATE;
        $emailChange['type'] = ImporterModel::IMPORT_TYPE_CONTACT_UPDATE;

        //Order Update
        $orderUpdate = $defaultSingleUpdate;
        $orderUpdate['model'] = $this->updateFactory;
        $orderUpdate['mode'] = ImporterModel::MODE_SINGLE;
        $orderUpdate['type'] = ImporterModel::IMPORT_TYPE_ORDERS;

        //CartInsight TD update
        $updateCartInsightTd = $defaultSingleUpdate;
        $updateCartInsightTd['model'] = $this->updateFactory;
        $updateCartInsightTd['mode'] = ImporterModel::MODE_SINGLE;
        $updateCartInsightTd['type'] = ImporterModel::IMPORT_TYPE_CART_INSIGHT_CART_PHASE;

        /*
        * Delete
        */
        $defaultSingleDelete = [
            'model' => '',
            'mode' => '',
            'type' => '',
            'limit' => Importer::TOTAL_IMPORT_SYNC_LIMIT
        ];

        //Contact Delete
        $contactDelete = $defaultSingleDelete;
        $contactDelete['model'] = $this->contactDeleteFactory;
        $contactDelete['mode'] = ImporterModel::MODE_CONTACT_DELETE;
        $contactDelete['type'] = ImporterModel::IMPORT_TYPE_CONTACT;

        //TD Delete
        $tdDelete = $defaultSingleDelete;
        $tdDelete['model'] = $this->deleteFactory;
        $tdDelete['mode'] = ImporterModel::MODE_SINGLE_DELETE;
        $tdDelete['type'] = [
            'Catalog',
            ImporterModel::IMPORT_TYPE_REVIEWS,
            ImporterModel::IMPORT_TYPE_WISHLIST,
            ImporterModel::IMPORT_TYPE_ORDERS,
        ];

        return [
            $subscriberResubscribe,
            $subscriberUpdate,
            $emailChange,
            $orderUpdate,
            $updateCartInsightTd,
            $contactDelete,
            $tdDelete,
        ];
    }
}

redpajama_set_name: RedPajamaGithub


text:
Q: Module not found error using Sequelize with angular-cli I've got an angular 2/4 app that I've set up with angular-cli (v 1.3.2). I have a MAMP mysql server running, which I can see in Sequel Pro.
To connect using sequelize, I followed the getting started docs. (And I installed @types/sequelize.) But I'm getting Module not found: Error: Can't resolve... for the mysql and postgres dialects.
Here's my code:
import { Injectable } from '@angular/core';
import * as Sequelize from 'sequelize';

@Injectable()
export class DataService{

  public sequelize: Sequelize.Sequelize;

  constructor(){
    this.sequelize = new Sequelize('local-db', 'username', 'password', {
      host: 'localhost',
      dialect: 'mysql',
      pool: {
        max: 5,
        min: 0,
        idle: 10000
      }
    });
    this.init();
  }

  public init(){
    this.sequelize.authenticate()
      .then(() => {
        console.log('Connection has been established successfully.');
      })
      .catch(err => {
        console.log('Unable to connect to the database:');
        console.error(err);
      });
  };
}

Maybe webpack might choke on some lazy loaded resources of 3rd party libraries (just guessing from this issue)? So, I added sequelize as an external library in my .angular-cli.json:
"scripts": [
    "../node_modules/sequelize/lib/sequelize.js"
]

But I'm getting the same errors:
ERROR in ./node_modules/sequelize/lib/dialects/mssql/query.js
Module not found: Error: Can't resolve 'tedious' in '[MYAPPROOT]/node_modules/sequelize/lib/dialects/mssql'
resolve 'tedious' in '[MYAPPROOT]/node_modules/sequelize/lib/dialects/mssql'
  Parsed request is a module
  using description file: [MYAPPROOT]/node_modules/sequelize/package.json (relative path: ./lib/dialects/mssql)
    Field 'browser' doesn't contain a valid alias configuration
  after using description file: [MYAPPROOT]/node_modules/sequelize/package.json (relative path: ./lib/dialects/mssql)
    resolve as module
      [MYAPPROOT]/node_modules/sequelize/lib/dialects/mssql/node_modules doesn't exist or is not a directory
      [MYAPPROOT]/node_modules/sequelize/lib/dialects/node_modules doesn't exist or is not a directory
      [MYAPPROOT]/node_modules/sequelize/lib/node_modules doesn't exist or is not a directory
      [MYAPPROOT]/node_modules/node_modules doesn't exist or is not a directory
yada
yada
yada

I see in the sequelize connection-manager.js, finding modules might be a problem:
if (err.code === 'MODULE_NOT_FOUND') {
    throw new Error('Please install \'' + (sequelize.config.dialectModulePath || 'pg') + '\' module manually');
  }

But I have mysql2 installed, per getting started directions.
So what is missing? Any help with this mystery would be greatly appreciated!

A: The "getting started" docs don't explicitly say so, but they're referring to a node.js application, not an angular one.  You almost certainly don't want to connect to SQL from your angular application.  You should create a "backend" node.js application which connects to your database and talk to that application from angular using some kind of API.
Technically it's possible to access mysql from angular, but that would require:

*

*Putting your login credentials in the angular application.  Anyone
who uses your application would be able to see them

*When you put "localhost" in for the connection, that's the localhost of your
browser which means it could only work if your browser and database
are running on the same machine.

redpajama_set_name: RedPajamaStackExchange


West Roscoe Street in Roscoe Village is a highly desirable location on Chicago's North Side. Two similar top floor condo units our clients viewed in January have been sold in multiple offer situations. Our buyers were not ready to act on the first unit as other buyers put in bids. We spent some more time researching different neighborhoods and units (even single family homes) with our clients. With added market knowledge they acted quickly on the second and almost identical unit that hit the market later in the month.
The three bedrooms condo with large rooftop deck, parking and private elevator at 2151 West Roscoe #2, Chicago IL 60618 is listed at $575,000. After speaking with the listing agent we helped our buyers put together an offer with an escalation clause. They won the unit without paying too much unnecessarily.
Smart looking newer construction condos, shops, bars and restaurants line the blocks from North Ashland Ave to North Western Ave along Roscoe Street in Roscoe Village neighborhood of North Center, Chicago.
Long live independent shops along West Roscoe Street!
Condos command strong prices on the 1600-2400 blocks of West Roscoe. 56 condo units have sold on these blocks over the last 12 months. The median price of an attached unit on the eight blocks is $402,000. The most expensive sale over the past 12 months was a new construction four bedrooms unit at 2250 West Roscoe Unit 2 sold for $1,100,000. The lowest sales were one bedroom units in the low $200,000 range. Three condo units on the same strip are currently under contract after the first days of showing on the market.


text:
Your NSA Membership Starts Here
Meet the NSA officers, find ways to be involved, connect on social media, or send us a message.
About the NSA
The Nebraska Society of Anesthesiologists promotes the profession of anesthesiology, advocates for physician-led care, and seeks to further the education of members.
Meet Our Current Leadership
Cale Kassel M.D., FASA
Mark Reisbig M.D., PhD, FASA
Secretary / Treasurer
Robert Lobato, M.D., MS, FASA
Travis Teetor M.D., FASA
Alternate Director
Chad Ott, M.D., FASA
Advocating for Physician Anesthesiologists
Support Legislative Efforts
The Nebraska Society of Anesthesiologists leadership encourages all members to be active in both the NSA and ASA. NSA members are encouraged to give to the ASAPAC to support legislative efforts both nationally and at a state level.
Log In to ASA
Contact Elected Officials
Engagement with elected officials can be intimidating but the ASA Grassroots Network makes it simple to contact your state and federal elected officials. Learn more or sign up to get involved.
The NSA is represented visually by a logo including a lighthouse, centered and surrounded by the organization's name. The inclusion and spacing of the beams and waves incorporate a sense of movement and action, a nod to the NSA's
educational and outreach efforts. The top of the lighthouse includes a subtle ionic column design meant to represent the NSA's advocacy and commitment to physician-led care policies.
How can I become an NSA member?
Joining is simple. Once you sign up to join the American Society of Anesthesiologists, you can simply add the NSA to your annual membership. If you are having issues, please contact us to help resolve the issue.
How do I get involved with the NSA?
There are several ways:
Attend our annual meeting typically held in November
Follow us on social media for upcoming events
Contact our officers to find other opportunities
Can I hold a leadership position?
Elections are held every other spring for new officers. A call for nominations will occur prior and if you have questions on what it takes to be an officer, contact the officers listed.
I have more questions. How can I get answers?
Send us a message, we would love to hear from you.
Contact NSA
We're working hard to serve all our valued members across the state of Nebraska. In an effort to keep you informed, we invite you to connect with us on social media. Ask questions, stay up to date, and build your network by joining our new private Facebook group.
Nebraska Medical Association
1045 Lincoln Mall, Suite 200,
contact@nebanes.org
© 2020 Nebraska Medical Association. All Rights Reserved.


She's firing back in the comments.
It's pretty understandable why people become so obsessed with celeb relationships. The stars we love, loving each other? Is there anything better? But there's no doubt that some people take it too far, almost to the point of harassment. It makes it hard for celebs to actually function in their relationships (and harder to forget about them once they're over).
Selena Gomez has said time and time again that she's done talking about Justin Bieber, but it seems the message hasn't really been heard. Sure, Selena is seldom one to be vocal about her personal life online, but according to screen grabs from various Tumblr fan accounts, she's now allegedly firing back in fan accounts' Insta comments, and honestly, more power to her.
After a post that showed her singing along to Lil Wayne's "Single," people were left speculating as to whether or not she was singing about Bieber again. "THAT'S A JOKE. I WAS SINGING BACK TO LIL WAYNE. MY LIFE ISN'T ABOUT MY EX," she apparently wrote on one fan's Instagram comments. Another screenshot appears to feature her saying that she wants to delete her Instagram account because people are always starting drama.
In the words of another former Disney darling, she's sick of rumors starting. Can't she live?


text:
#template-content{
  padding: 10px;
  height: 100%;
  width: 100%;
}

/* table in the study description that holds the investigation type elements */
.investigation-type-table td {
  padding-top: 6px;
  padding-bottom: 6px;
}

.dropdown:hover .dropdown-menu {
    display: block;
 }

 .info-menu {
    word-wrap: break-word;
    white-space: normal;
 }

 .info-menu > li > a {
  display: inline;
  color:#428bca;
  padding:0px;
}

.truncated {
  white-space: nowrap;
  width:300px;
  overflow: hidden;
  text-overflow: ellipsis;

 .topfloat{
    position: fixed;
    padding-top: 5px;
    height:55px;
    top:50px;
    z-index:6;
    background:white;
    width:100%;
  }

.graph {
  width:100%;
  height:300px;
  border: 1px solid #ccc;
}

/* Make the navbar collapse at medium size, not small.
Fixes really ugly middle ground where menu stacking occurs
adapted from http://stackoverflow.com/a/23298184 */
@media (max-width: 991px) {
    .navbar-header {
        float: none;
    }
    .navbar-toggle {
        display: block;
    }
    .navbar-collapse {
        border-top: 1px solid transparent;
        box-shadow: inset 0 1px 0 rgba(255,255,255,0.1);
    }
    .navbar-collapse.collapse {
        display: none!important;
    }
    .navbar-nav {
        float: none!important;
        margin: 7.5px -15px;
    }
    .navbar-nav>li {
        float: none;
    }
    .navbar-nav>li>a {
        padding-top: 10px;
        padding-bottom: 10px;
    }
    .navbar-text {
        float: none;
        margin: 15px 0;
    }
    /* since 3.1.0 */     .navbar-collapse.collapse.in {
         display: block!important;
    }
    .collapsing {
        overflow: hidden!important;
    }
}


This Black Panther Leather Jacket is made of PU leather. It has the necessary detailing of the costume worn in the movie, like the silver designs on the body and on the sleeves, which will make you look more stylish and cool. This jacket has an erect collar with a zip front closure. Last but not least, pockets are featured on the inside of the jacket.