Here are some thoughts about whether it’s high time or high crime.With the legalization of marijuana production and sale to varying degrees under the laws of several states, the ability of credit unions to serve businesses and persons engaging in such production and sale has been a subject of increasing debate. Recently, a CUES member posed the following question on the CUES Net members-only listserv:We have a member who lives in Colorado and is a marijuana grower. While it is legal in the state of Colorado, can we, as a federal credit union, located in Florida, use his income to qualify for a loan? It is his sole source of income.While I have no moral objection to either the business or the desire to do the loan, the answer under current federal (and Florida) law is a clear “no.”Regardless of Colorado law related to marijuana production and sale, such activities are clear violations of United States law. The federal Controlled Substances Act makes it illegal to “manufacture, distribute, or dispense, or possess with intent to manufacture, distribute, or dispense” marijuana. As such, the member’s activities are in clear violation of federal law. Moreover, 18 United States Code Sections 1956 and 1957 criminalize most financial transactions related to the proceeds of marijuana activities. Regardless of the federal government’s current priorities (or lack thereof) in prosecuting such crimes, the current lack of vigorous prosecution in certain states is not binding and can change at any time. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
BINGHAMTON (WBNG) — With the Ross Park Zoo closed to the public due to the COVID-19 pandemic, staff are asking for your help to make sure the more than 170 animals at the zoo continue to receive the care they need. If you’d like to donate to the zoo’s emergency fund, you can do so by clicking here. Peppard says the zoo is also partnering with Marilu’s Catering to offer a Mother’s Day Meal Deal featuring a chicken parmesan dinner and a free admission pass for when the zoo reopens. You can sign up for a meal by clicking here. Staff says revenue generated by visitors coming through the gates purchasing souvenirs and taking classes is what pays for animal care at the zoo. Without any of that money coming in, the zoo has set up an emergency fund to help provide for the more than 100 animals that call the zoo home. “Without the support of our community we wouldn’t be able to do what we do. We are a part of over twenty species survival plans, so those include endangered animals from all over the world,” said Rachel Peppard, Visitor and Member Services Manager for the Ross Park Zoo.
The global tourism sector grew by 3,9 percent and contributed a record $ 8,8 trillion and 319 million jobs to the world economy in 2018. For the eighth year in a row, this growth rate is higher than global GDP. In 2018, tourism generated $ 8.8 trillion and provided 319 million jobs worldwide. “These data once again prove the power of tourism as an aid to governments in creating prosperity, while creating new jobs that particularly support women, youth and other, often marginalized, groups in society. In fact, tourism is an integral part of one of the five new jobs in the world and is projected to contribute to the creation of 100 million new jobs in the next ten years, or 421 million jobs in tourism by 2029.”, Concludes Guevara. Gloria Guevara, president and CEO of WTTC, said that “2018 was another year of strong growth in the global tourism sector, which strengthened its role as a driver of economic growth and job creation. For the eighth year in a row, the tourism sector has outpaced growth in the wider global economy, recording the second largest increase among all significant sectors in the world.” These are the data of the annual survey of the World Tourism Council (WTTC) on the economic impact and social importance of the sector. The survey has been conducted for the past 25 years by WTTC, a council representing the global private tourism sector, and data for 2018 show that tourism contributed $ 8.8 trillion and grew by 3,9 percent, while global GDP grew by 3,2 percent. Also, tourism has generated 10,4 percent of all global economic activities, contributed 319 million jobs (one in ten jobs in the world is related to tourism) and is the second fastest growing sector in the world, ahead of health, information technology, financial services, and behind production (4 percent growth).