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European Union Finalizes Groundbreaking Artificial Intelligence Legislation

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the staff of the Ridgewood blog

Ridgewood NJ, after prolonged negotiations, the European Union has successfully reached a preliminary agreement on what is hailed as the world’s first comprehensive legislation on artificial intelligence (AI), known as the Artificial Intelligence Act. This historic deal encompasses various facets of AI, such as generative AI and the utilization of facial recognition by law enforcement. The legislation establishes a legal framework for the use of AI, potentially influencing global regulations and the development of AI technologies.

Continue reading European Union Finalizes Groundbreaking Artificial Intelligence Legislation

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Port Newark–Elizabeth Marine Terminal Prime beneficiary of European Trade concessions with the Trump Administration

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July 26,2018
the staff of the Ridgewood blog

Newark NJ, after immense pressure by the Trump administration ,the European Union says that it has agreed to a series of concessions that would avoid a costly trade war with the US. The EU has agreed to:

• Increase liquefied natural gas (LNG) imports from the United States;
• Lower tariffs;
• Align regulatory standards on medical products;
• Import more US soy beans.

The European Union delegation, led by European Commission President Jean-Claude Juncker and his top trade officials, met with President Donald Trump in a bid to level the field on trade. The official said the EU has agreed to work with the Trump administration to lower tariffs on both sides of the Atlantic .The delegations are still fine tuning language in a common statement on car tariffs. There will be no further tariffs as the details are worked out.

Port Newark–Elizabeth Marine Terminal in New Jersey could be the prime beneficiary or any trade agreement lowering tariffs and promoting trade .The Port Newark–Elizabeth Marine Terminal, a major component of the Port of New York and New Jersey and perhaps the most successful component . Port Newark–Elizabeth Marine Terminal is the principal container ship facility for goods entering and leaving New York metropolitan area and the northeastern quadrant of North America and is one of the few areas of job creation success in New Jersey .

The port is located on Newark Bay, the facility is run by the Port Authority of New York and New Jersey. Its two components—Port Newark and the Elizabeth Marine Terminal (sometimes called “Port Newark” and “Port Elizabeth”)—sit side by side within the cities of Newark and Elizabeth, New Jersey, just east of the New Jersey Turnpike and Newark Airport

As of 2004,Port Newark–Elizabeth Marine Terminal was the largest container port in the eastern United States and the third-largest in the country.Since 1998, the port has seen a 65% increase in traffic. In 2003, the port moved over $100 billion in goods. In 2006, it handled more than 20% of all US imports from Germany a major European trading partner .

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Hungary Plans to Crackdown on All Soros-Funded NGOs

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by
Zoltan Simon
January 10, 2017, 11:44 AM EST January 10, 2017, 12:39 PM EST

Ruling Fidesz party vice president pledges to ‘sweep out’ NGOs
Premier Orban, Trump backer, vowed to build ‘illiberal state’

Hungary plans to crack down on non-governmental organizations linked to billionaire George Soros now that Donald Trump will occupy the White House, according to the deputy head of Prime Minister Viktor Orban’s party.

The European Union member will use “all the tools at its disposal” to “sweep out” NGOs funded by the Hungarian-born financier, which “serve global capitalists and back political correctness over national governments,” Szilard Nemeth, a vice president of the ruling Fidesz party, told reporters on Tuesday. No one answered the phone at the Open Society Institute in Budapest when Bloomberg News called outside business hours.

https://www.bloomberg.com/news/articles/2017-01-10/trump-s-win-prompts-hungarian-call-for-crackdown-on-soros-groups

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So what if Greece leaves the European Union?

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By George F. Will Opinion writer June 19 at 9:04 PM

Now come Greeks bearing the gift of confirmation that Margaret Thatcher was right about socialist governments: “They always run out of other people’s money.” Greece, from whose ancient playwrights Western drama descends, is in an absurdist melodrama about securing yet another cash infusion from international creditors. This would add another boulder to a mountain of debt almost twice the size of Greece’s gross domestic product. This protracted dispute will result in desirable carnage if Greece defaults, thereby becoming a constructively frightening example to all democracies doling out unsustainable, growth-suppressing entitlements.

In January, Greek voters gave power to the left-wing Syriza party, one third of which, the Economist reports, consists of “Maoists, Marxists and supporters of Che Guevara.” Prime Minister Alexis Tsipras, 40, a retired student radical, immediately denounced a European Union declaration criticizing Russia’s dismemberment of Ukraine. He chose only one cabinet member with prior government experience — a former leader of Greece’s Stalinist Communist Party. Tsipras’s minister for culture and education says Greek education“should not be governed by the principle of excellence . . . it is a warped ambition.” Practicing what he preaches, he proposes abolishing university entrance exams.

https://www.washingtonpost.com/opinions/the-greek-monetary-melodrama/2015/06/19/4ae915de-15ea-11e5-9518-f9e0a8959f32_story.html?postshare=4111434808557805