Viamericas, a licensed money transmitter, has launched its...

For the first time, Uber will guarantee drivers an hourly wage of $20 an hour in Los Angeles, or $26 during peak times.; Credit: David Ramos/Getty Images

To keep demand high during the slower winter months, the ridesharing service, Uber, has cut fares by 20 percent in 48 markets – including Los Angeles and Orange County.

The company says a trip from West Hollywood to downtown will now be around nine dollars, instead of $11.

When Uber lowered prices in the past to muscle out competitors like Lyft and taxi services, passengers loved it but drivers have complained it puts an unfair squeeze on them, complaining their already low take went even lower.

Uber stresses the fact cutting fares actually helps drivers because they get more business. In a blog post, the company points to data from Chicago where fares dropped 23 percent last month compared to December 2013 while drivers' income increased by 12 percent.

But drivers have been skeptical whether volume can make up for the price drop. The company's claim that New York city drivers earn a median of $90,766 a year has been refuted. Slate talked to New York UberX driver Jesus Garay in October:

“They say it doesn’t hurt the pocket of the drivers,” Garay says of the 20 percent fare cuts. “It does. Because it’s impossible with those numbers to be in business.”

The way drivers see it, ride volume can only increase so much in response to lower prices. Garay says that on average, a ride takes him 20 minutes from start to finish: five minutes to reach the pickup location, five to wait for the customer, and 10 to drive to the destination. For a trip of that length, Garay says he’ll make $10 or $11. “So if you’re busy, you’re going to make three rides in an hour,” he explains. 

Newly flush with a $40 billion valuation, Uber is now willing to put its money where its mouth is; For the first time, Uber will guarantee its partners – as it calls them -  an hourly wage of $20 an hour in Los Angeles, or $26 during peak times. (The guarantee comes with a few conditions: Drivers have to accept 90% of trips, average at least one trip per hour, and be online for 50 minutes of every hour worked)

This content is from Southern California Public Radio. View the original story at SCPR.org.

An apartment in Pomona that leases through the Housing for Health Program. (Matt Tinoco/LAist)

Our California Dream collaboration is looking for solutions to some of California's most pressing problems, in this case, homelessness. An initiative in Los Angeles seeks to save taxpayer money by housing some of the most vulnerable residents — those who cycle from the street to the emergency room and back again.

The California Dream series is a statewide media collaboration of CALmatters, KPBS, KPCC, KQED and Capital Public Radio with support from the Corporation for Public Broadcasting and the James Irvine Foundation.

READ THE STORY AT LAist.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Crypto payment gateway Alchemy Pay has acquired Money Transmitter Licences (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming.

 Many parents avoid any discussion about the facts of life with their children. Are you one of many contractors who have never clearly defined the “facts of wages” with each of your employees? 

TASHKENT, 15 October 2015 – An OSCE-supported roundtable discussion introducing representatives of local law enforcement bodies to the methodology of a national assessment of money-laundering and terrorism-financing risks in Uzbekistan was held today in Tashkent.

International experts invited by the OSCE Project Co-ordinator in Uzbekistan presented the results of their work on devising a comprehensive and tailored methodology for conducting a national risk assessment in the country.

“The OSCE continues to support international efforts that have made national risk assessment the standard in the fight against money laundering and the financing of terrorism,” said the OSCE Project Co-ordinator in Uzbekistan Gyorgy Szabo. “We see this as an essential step on the road to eliminating money laundering and terrorism financing in Uzbekistan.”

The discussion is part of a wider process of consultations with representatives of Uzbek law-enforcement agencies and the private sector to implement a national risk assessment on money laundering and the financing of terrorism.

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ISSYK-KUL, Kyrgyzstan, 8 July 2016 – A five-day training course supported by the OSCE Centre in Bishkek on a risk-oriented approach in supervising activities related to anti-money laundering and combating the financing of terrorism concluded today in Bosteri village, in the Issyk-Kul region.

The aim of the workshop, which was organized by the State Financial Intelligence Service under the Government of the Kyrgyz Republic (SFIS) in partnership with the International Monetary Fund (IMF), was to update the relevant State agencies and financial institutions on the practical aspects of a risks-oriented approach in their work. Some 46 officials from law enforcement agencies, supervisory agencies and financial institutions took part.

“A risks-oriented approach is the process which allows the countries to identify, assess and understand risks to effectively combat money laundering and financing of terrorism,” said Nana Baramidze, Senior Economic and Environmental Officer at the OSCE Centre. “The OSCE Centre in Bishkek fully supports the efforts of the Kyrgyz Government in its attempt to establish effective systems to counter money laundering and the financing of terrorism.”

Chyngyz Kenenbayev, Head of the Organizational and Legal department of the SFIS, said: “We are holding this educational seminar to train representatives of national authorities and the private sector so that we can successfully pass the second round of the evaluation by the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). In order to fulfil international obligations under the EAG, the Kyrgyz Republic is to conduct a mutual assessment of its anti-money laundering and combating the financing of terrorism system. From 28 November to 9 December 2016, a visiting mission of EAG evaluators will conduct this assessment within the Financial Action Task Force (FATF) initiative."

The training course, which was conducted by two IMF experts and three SFIS officials, was part of the OSCE assistance to the Kyrgyz Government in preparing for the second round of the FATF evaluation.

It's hard to imagine a less plausible venue for the annual UN-sponsored conference on climate than the dictatorial petrostate of Azerbaijan. Baku, the capital, has a walled medieval centre that's worth a day or two, but offshore the shallow Caspian Sea is littered with a century's worth of old and new oil wells.

Una de las principales agencias de márketing de EEUU trasvasará 250 millones de su presupuesto para televisión a Internet. Y como socio no ha escogido a ninguna televisión tradicional, sino a YouTube. Un test importante para los emisores de vídeo en la Red.

[Written by Erich Hetzel & Katie Berry] Did you know that in the last five years Bermuda’s consumers have spent over $7 million buying bottled water, much of it contained in single-use plastic? That’s money we are spending for something that falls from the sky, for free. This is a huge amount of money to […]

Move follows September launch by Texas Capital Bank of its own ‘2a-7’ money market fund ETF

An investigation by NPO Open Secrets has accused heavyweight South African estate agents and law firms of facilitating money laundering - allegedly helping African kleptocrats use dirty money to acquire luxury properties in the country.

Shanaya Kapoor, Vedang Raina were also a part of the celebrations

Four people who allegedly dressed as bears and damaged their own luxury cars in a bid to defraud insurance companies were arrested in the US state of California on Wednesday.

Four people who allegedly dressed as bears and damaged their own luxury cars in a bid to defraud insurance companies were arrested in the US state of California on Wednesday.

Top 10 Largest Supergiant Stars in the Universe  Moneycontrol

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Suriya revealed how Jyothika's career skyrocketed but it took a good couple of years to stabilize and reach that level.

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Kodakara Hawala Money Case: ബിജെപി തൃശൂർ ജില്ലാ കമ്മിറ്റി മുൻ ഓഫീസ് സെക്രട്ടറി തിരൂർ സതീഷിന്റെ വെളിപ്പെടുത്തലിന് പിന്നാലെയാണ് തുടരന്വേഷണത്തിന് സർക്കാർ തയാറെടുക്കുന്നത്. 

The government is focussing on four “I”s infrastructure, investment, innovation and inclusivity to realise the goal set for 2047

Citadel: Honey Bunny is a decent watch with an average story, sharp stunts and brilliant music, observes Divya Nair.

Citadel: Honey Bunny is a decent watch with an average story, sharp stunts and brilliant music, observes Divya Nair.

In October I spoke at Dan & Ian’s DCBKK event in Bangkok, Thailand about how to make more money from your business. Through the mad illustration skills of one Maggie Appleton, here are SketchNotes summarizing my entire talk in a single image (click the image for a hi-res version).

The post SketchNotes of My Talk: “How to Make More Money from Your Business” first appeared on Rob Walling - Serial Entrepreneur.

Police arrested high-profile lawyer Sittra Biabungkerd and his wife on a highway east of Bangkok on Thursday morning and charged them with fraud and money laundering in connection with a billionaire’s allegation that she lost 71 million baht to him.

PHUKET: A Ukrainian man who visited a friend's room on this southern tourist island claims he was forced to transfer cryptocurrency worth more than 8 million baht to a group of armed men.

Evri and Yodel customers are the least satisfied with their experience when it comes to contacting parcel firms for help, Ofcom has found, while Amazon and DHL are the best performers. 

1. Police warns: Wedding invites on WhatsApp are taking control of smartphones; stealing money, photos and m  The Times of India
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Newlyweds Sam & Lena joined Transform as part of their honeymoon, because they wanted to honour God from the very start of their life together.

Top 10 Animals with the Strongest Senses  Moneycontrol

1. 'We've got a bit of history': Ricky Ponting responds to Gautam Gambhir's remarks, calls him 'prickly...  Moneycontrol
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Shopping coupons are now widely in use and we often wonder about the reason behind the popularity of these coupons. We often found that there are lots of dedicated websites dealing only with coupons and they are enjoying huge traffic....

As the competition in the mid-range smartphone segment gets fierce in India, Chinese players are offering too many specifications in their devices. Coolpad has been among the top Chinese players when it comes to launching such feature-packed devices.

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It's Not Just Money, It's Life, is a new book from financial adviser Beth Blecker (www.easternplanning.com) that aims to help individuals fulfill their financial dreams. Among other things, the breakout book teaches that the purpose of money is to: "Serve you and your goals, not the other way around."

Research project develops solution for the automated detection of illegal financial flows – including verifiable minimum requirements for the use of artificial intelligence in sensitive areas.

Honeywick, a local, full-service web design, development, and marketing agency, has expanded to a new space in the heart of downtown Louisville at 225 S 5th Street, #201, Louisville, KY 40202, after being located in the Glassworks building since 2016.