Bankruptcy isn't a topic that anyone likes to discuss. Creditors, debtors, and government officials all get a little queasy at the thought of bankruptcy, but it exists for a reason. And in many situations, it can provide relief when financial friction is heightened. But bankruptcy isn't the same in every country. Laws, rules, and stigmas differ rather significantly - particularly between Russia and the United States. The what and why of bankruptcy Bankruptcy is one of the primary methods by which control over an asset can be transferred to more capable or efficient owners in the instance of market economies. Ultimately, bankruptcy serves three distinct purposes: To solve collective action problems among creditors as they deal with insolvent debtors. To give individual debtors a chance at a "fresh start" when they're overburdened by debt. To preserve/save the financial distress firms have by reorganizing rather than liquidating. Bankruptcy is basically government-sanctioned relief that allows individuals or businesses to have debts forgiven, granted they meet specific criteria and follow certain guidelines. It plays an important role in keeping the larger economic engine hitting on all cylinders. Without bankruptcy, millions of citizens would find themselves impoverished and unable to financially recover from dire situations.

Economist Vladislav Inozemtsev writes about the change in the leadership of the Federal Chamber of Lawyers “At the end of last week ... at a meeting of the Council of the Federal Chamber of Lawyers of Russia, its long-term president, Yuri Pilipenko, who has held this post since 2015, was not re-elected for another term. (It is noteworthy that on the morning of December 15, he, being a president of the Chamber, sent a letter to the head of the Council of Bars and Law Societies of Europe, James MacGuill, expressing concern about the situation with the protection of the legal rights of Russians in European countries).” Inozemtsev notes that Pilipenko is a “highly experienced lawyer” who, as it would seem, “talentedly led a professional organization of lawyers, skillfully resolving any sensitive issues in the interaction between the legal community and the authorities, and at the same time demonstrating a willingness to independently make important decisions for the legal workers without waiting for the initiatives of the Ministry of Justice and the Kremlin.”

Russian-Indian joint enterprise Indo-Russian Rifles Private Limited intends to completely localise the production of AK-203 assault rifles in India, TASS reports with reference to Russia's defence export giant Rosoboronexport. "The production plans of the joint venture include plans for the 100-percent localisation of the production of AK-203 assault rifles in India," the company noted. "In addition, the joint venture may increase production and upgrade to produce prospective models on the platform of the Kalashnikov assault rifle,” Rosoboronexport said. In October, the company promised that the Russian-Indian plant for the production of AK-203 Kalashnikov assault rifles (7.62 by 39 mm caliber) in the Indian city of Corva would be ready to begin the production of weapons before the end of 2022.

Austria's Raiffeisen Bank International considers selling the Russian division or withdrawing it from the structure of the group. Raiffeisen's "daughter" will continue running "certain banking activities" in Russia to maintain license. At the moment, the bank can not get rid of all of its business in Russia, but is striving for this to happen, RBI CEO Johann Strobl said. The RBI Group in Russia is represented by Raiffeisenbank, as well as leasing, insurance and management companies. The company's subdivisions employ over 9,000 people.

Vladislav Bakalchuk, co-founder of one of Russia's largest marketplace platform Wildberries, announced an attempted gangster-style takeover of the company. The head of Chechnya, Ramzan Kadyrov posted a video of his conversation with Bakalchuk on his Telegram channel. Bakalchuk said that in early July, Russ Outdoor company, headed by Levon and Robert Mirzoyan, tried to take over the assets of Wildberries by means of legal schemes. According to the co-founder, they deceived his wife, Tatyana Bakalchuk, after which she left home without an opportunity to see her husband to discuss what was happening. The marketplace merged with Russ Outdoor Company in June; the shares of both companies in the business were approximately equal.

The premium quality barcode and RFID solutions provider inotec is currently producing 40 million RFID identification cards for a market-leading international discount supermarket chain. The exceptionally large RFID card order was placed after the discount supermarket’s strategic decision to install new crate track and trace systems. 

RAIN Alliance, the non-profit industry organisation supporting the development and adoption of Ultra High Frequency (UHF) Radio Frequency Identification (RFID), has announced that 44.8bn RAIN RFID tag chips were shipped globally in 2023.This figure represents year-on-year growth of 32%, and reflects increasing demand across a variety of industries....

By Jeremy Landau, freelance writer.

It’s no secret that when your business begins to grow, you will need to add staff to accommodate the increased sales and other demands on store operations. This tends to become more complex as your business gets larger, and staff roles and responsibilities may need to be diversified and identified, so everyone knows what they should be doing.

Aptos has announced that EE is introducing a new cloud-based POS solution from Aptos in its retail stores. The technology will enhance EE’s customer engagement capabilities and reduce the IT infrastructure footprint in each store. 

SUZOHAPP – a global market leader of software and hardware payment management solutions – will be exhibiting at EuroShop, the world’s largest retail trade fair from February 16-20 in Dusseldorf, Germany.On display at booth #6A75 will be the market leading CashComplete™ line of payment management solutions.

Doddle, the global e-commerce technology provider, has introduced a range of self-service kiosks to its solution portfolio, enabling retailers and carriers to address the challenge of online returns. 

Two Russian servicemen were sentenced for life for the mass murder of civilians in the town of Volnovakha in the Donetsk People's Republic. On October 28, 2023, contract soldiers Stanislav Rau and Anton Sopov shot the Kapkanets family of nine people, including two children. Two days later, law enforcement officers detained the suspects. The men were found guilty of illegally entering a home and murdering two or more people, including minors, in a generally dangerous manner. The servicemen were sentenced to life terms.

Added January 10, 2006: A classic and often-referenced 1984 paper by G. Brent Dalrymple. The paper contains short but accurate expositions of radiometric dating methods and discussions of creationist criticisms and attempts to date the Earth as young. It includes material difficult to find elsewhere, such as the discussion of mixing isochrons and the effect of neutron-capture reactions. Dr. Dalrymple is a member of the National Academy of Sciences, a winner of the National Medal of Science, a former president of the American Geophysical Union, and the author of The Age of the Earth

Added March 18, 2006:

Updated July 25, 2006: Young-Earth creationists consider the helium diffusion studies of D. Russell Humphreys and others to be one of their greatest achievements in arguing for a 6,000 year old Earth. A geologist shows that these studies are extensively flawed and include: serious miscalculations in their data, sampling the wrong rock type, failing to eliminate possible contamination, using equations that are based on invalid assumptions and relying on questionable data. Appendices C and D have been added in response to Dr. Humphreys' most recent statements in his January 2006 "Trueorigins" essay.

Added October 31, 2006:A discussion of the main models on the spontaneous origin of life that aims to show how cellular complexity could have gradually emerged from simple systems - in contrast to the sudden appearance of complexity that creationists claim to have been necessary at the beginning of life. Central issues like the composition of the early atmosphere of the Earth and the origin of the homochirality of amino acids and sugars are reviewed as well.

Datalogic, the global provider of automatic data capture and industrial automation solutions, has announced that the Memor 30/35 has been officially certified as a rugged device under the prestigious Android Enterprise Recommended (AER) program, meeting and surpassing key standards set by Android.

Experts at the Mayo Clinic have identified certain eating habits that can shorten one's lifespan, revealing that even foods that are considered healthy can have a negative impact. According to their research, it's best to avoid consuming too many diet drinks as they often contain sugar substitutes that can be harmful. Furthermore, inadequate water intake can also speed up the aging process and lead to poor health. Juices with high sugar content should also be consumed in moderation, with natural alternatives being the preferable option. Frequent consumption of soda can lead to rapid weight gain and excessive cholesterol production.

According to dietician Elena Solomatina, overeating can have fatal consequences. Internal organs often suffer, as the swollen stomach presses on the diaphragm, which can even lead to death during sleep. Existing medical conditions can also worsen, causing belching, gastritis, and inflamed gallbladder. "If a person sleeps with a full stomach, it can lead to snoring and even to stopping breathing during sleep. If there are already cardiovascular diseases, it can lead to heart failure, angina, and even a heart attack or stroke... If there is nausea, vomiting with greenish content, weakness - an ambulance must be called," Solomatina was quoted as saying by URA.RU. To reduce the risk of aggravating old illnesses and let the food lump pass, it is necessary to take a walk in the fresh air. Afterwards, it is recommended to prepare a caffeine-containing beverage that can act as a mild laxative.

Physicians and investigators from the Smidt Heart Institute at Cedars-Sinai will give more than 30 presentations at the American Heart Association (AHA) Scientific Sessions Nov. 16-18 in Chicago.

The University of Arkansas at Little Rock has reached an exciting milestone in its Centennial Campaign, raising $203 million toward its overall campaign goal of $250 million by 2027. This represents the largest amount ever raised in a UA Little Rock campaign, exceeding the previous campaign by $100 million.

Physicians and investigators from the Smidt Heart Institute at Cedars-Sinai will give more than 30 presentations at the American Heart Association (AHA) Scientific Sessions Nov. 16-18 in Chicago.

University of Florida cybersecurity professor Kevin Butler developed the framework, which spells out guidance for countries to prevent fraud and abuse on mobile cash apps.

[Politics] :
K-pop boy band SEVENTEEN has received a certificate of appreciation from Los Angeles for their contribution to music and youth empowerment.  Joshua, the LA-native of the 13-member group, accepted the honor on behalf of SEVENTEEN at the invitation of the LA City Council on Friday, local time. The ...

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[Politics] :
John Bolton, former national security advisor under the first Donald Trump administration, warned that U.S. isolationism is expected to further intensify as Trump returns to office for a second term. In an interview with Japanese daily Yomiuri Shimbun a day before the election on Monday and published on ...

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[Politics] :
The South Korean military announced Tuesday that North Korea has attempted to disrupt GPS signals in the western inter-Korean border region for the fifth straight day. During a regular press briefing, Joint Chiefs of Staff(JCS) spokesperson Lee Sung-jun said the latest GPS-jamming attempts occurred ...

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[Inter-Korea] :
The Joint Chiefs of Staff(JCS) has warned that North Korea will face corresponding countermeasures if it infiltrates drones into South Korean territory. JCS spokesperson Lee Sung-joon unveiled such a stance to reporters on Monday when asked to comment on Kim Yo-jong, the sister of North Korean leader Kim ...

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[Inter-Korea] :
A new survey finds that three-quarters of South Koreans believe unification of the two Koreas is necessary.  According to the national unification survey for the third quarter released by the Peaceful Unification Advisory Council on Monday, 74-point-six percent of respondents answered in the ...

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[Inter-Korea] :
North Korea has reportedly ratified a treaty to establish a strategic partnership with Russia that includes a defense provision. The North’s state-run Korean Central News Agency(KCNA) said Tuesday that the treaty was ratified as a decree of the president of the state affairs of North Korea, which refers ...

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[Sports] :
South Korea defeated Oman three to one, achieving its first win in the current World Cup qualifying campaign.  The South Korean national soccer team, led by head coach Hong Myung-bo, played Oman on Tuesday at the Sultan Qaboos Sports Complex in Muscat in the second Group B match in the third round of the ...

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[Sports] :
The North Korean women's football team defeated the world's top ranked U.S. squad in the semifinals of the 2024 FIFA U-20 Women's World Cup under way in Colombia, moving a step closer to winning their third World Cup title. North Korea claimed a one-nil victory over the U.S. in the ...

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[Sports] :
North Korea has captured its third FIFA U-20 Women’s World Cup title after defeating Japan. The North’s women’s soccer team beat Japan one-nil on Sunday in the final at Estadio Nemesio Camacho El Campín in Bogotá, Colombia. Choe Il-son netted the winning goal in the 15th minute.  The team reached ...

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[Sports] :
South Korean forward Son Heung-min of the Tottenham Hotspur soccer club has missed a Premier League match against Manchester United due to an injury. Tottenham won three-nil Sunday in Son’s absence at Old Trafford.  Son was substituted against Qarabağ FK in the team's Europa League opener Thursday with ...

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[Sports] :
Men's national football team head coach Hong Myung-bo has cast doubt over captain Son Heung-min's availability in the upcoming World Cup qualifiers next month. During a press conference on Monday, Hong announced the roster for October's World Cup qualifiers, which included the Tottenham Hotspur star ...

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[Sports] :
Tottenham Hotspur forward Son Heung-min has been excluded from the South Korean national football team’s roster for the third round of 2026 FIFA World Cup qualifiers, after he sat out two recent Premier League matches due to a hamstring injury. The Korea Football Association(KFA) said Friday that it ...

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[Sports] :
FIFA has slapped a ten-match ban on Italian footballer Marco Curto for making racist comments to Wolverhampton Wanderers forward Hwang Hee-chan during a pre-season friendly against Como 1907 back in July.  British sports media outlet, Sky Sports, quoted a spokesperson for the international football ...

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[Sports] :
The South Korean men's national football team is set to face Jordan in the third round of 2026 FIFA World Cup qualifiers. The qualifying match between the national team, led by head coach Hong Myung-bo, and Jordan at Amman International Stadium is scheduled to begin at 11 p.m. Thursday, Korea time. While ...

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[Sports] :
South Korea defeated Jordan two-nil in its third round of 2026 FIFA World Cup qualifiers without captain Son Heung-min. The national football team, led by head coach Hong Myung-ho, beat Jordan at Amman International Stadium in the Jordanian capital on Thursday in their Group B match in the third round of ...

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[Sports] :
The South Korean men's national football team faces Iraq in the World Cup qualifier match on Tuesday night at home. Considered the toughest opponent for South Korea in the third round of the Asian qualifiers, a win against the Middle Eastern squad will give the Taegeuk Warriors a huge boost in their ...

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[Sports] :
South Korea defeated Iraq 3-2 on Tuesday in a 2026 FIFA World Cup qualifier. The national football team, led by head coach Hong Myung-bo, won the match at Yongin Mireu Stadium in Yongin, south of Seoul, in its Group B match in the third round of the Asian qualification tournament.  Captain Son Heung-min ...

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[Sports] :
The men’s national football team is set to face Kuwait and Palestine in mid-November in the third round of 2026 FIFA World Cup qualifiers with the return of captain Son Heung-min, who sat out matches in October due to a hamstring injury. Head coach Hong Myung-bo announced the 26-member roster on Monday, ...

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[Science] :
Two U.S. experts who inspected North Korea’s uranium enrichment facility at the Yongbyon nuclear complex in 2010 have analyzed recent images of a similar facility in the North and pointed out differences.  Stanford University professor emeritus Siegfried Hecker and Robert Carlin, a scholar at the ...

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[Science] :
The Animal and Plant Quarantine Agency says it has developed, for the first time in the world, a differential diagnosis technology for lumpy skin disease(LSD), a viral disease that affects cattle. With the technology, jointly developed with Median Diagnostics, it can be determined within eight hours if a ...

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Differentiating between most overnight accommodations can be simple, based on the building's location, layout, amenities and price, but several outliers blur the lines between these key differences.

[International] :
A high-level U.S. government official reportedly confirmed that many North Korean troops deployed to Russia have been killed in combat against Ukraine. On Tuesday, the New York Times quoted the official as saying “a significant number” were killed in action, with the exact time of the armed conflict ...

[more...]

[International] :
The North Atlantic Treaty Organization(NATO), along with its Indo-Pacific partners, including South Korea, strongly denounced North Korea's troop deployment to Russia in support of its military offensive against Ukraine. In a statement on Friday, NATO's top decision-making North Atlantic Council(NAC) ...

[more...]

[International] :
The U.S. investment bank Goldman Sachs has projected higher tariffs as a result of Donald Trump’s U.S. election victory, not only for China but also for South Korea, Taiwan and other Asian countries. According to the U.S. broadcaster CBNC on Monday, Andrew Tilton, Goldman’s chief Asia-Pacific economist, ...

[more...]

Whether you're looking for adventure, work opportunities, new scenery or better weather conditions, California cities represent a special, sunny place in the popular imagination. But before packing your bags and heading to the Golden State, you'll want to know which is the most dangerous city in California.

In Christian tradition, an archangel is among of the most revered and powerful spiritual beings in the celestial hierarchy. Mentioned directly in both the Old and New Testaments, these angels serve as messengers, protectors and agents of God's divine will.