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Depart these sticky, outdated panorama “tendencies” behind

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Image for the article titled Leave Out Those Sticky, Outdated Landscaping 'Trends'

Photo: Olgysha (Shutterstock)

We recently advised you that certain types of landscaping can help (or harm). Resale Value of Your Home. (Stay away from prickly plants! Avoid invasive species! Don’t plant too many trees!) But another way to add value to your home – or at least its attractiveness – is to remove or move towards outdated landscaping dispense. Things like garden gnomes and bouldering accents that were once on everyone’s lips are now being noticed by potential buyers and your neighbors, like your grandmother’s fluffy purple rug.

Here are a few landscaping trends that are past their prime and should be put to bed.

Say goodbye to boxwood shrubs

Today’s homeowners want landscaping that is easy to manage and that adds appeal, dimension, and character to their home. Box bushes offer none of this. These shrubs were popular in England and found their way to North America in the 17th century. While they will give your garden a uniform look, they are also easily susceptible to disease and the required pruning Maintaining their shape is a nuisance.

Home buyers these days want to see more of the home, so consider planting or smaller plants Perennials in front and larger bushes on the corners of the house.

Replace these garden statues and fountains

Landscaping continues to evolve and a less crowded and open look is all the rage right now. Unfortunately, certain garden accents like statues and Dwarfs don’t go well with modern landscaping. Think of them like a mess in the garden and instead let the plants speak for themselves.

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Another garden statue that has not aged well is the three tier fountain. These towering sculptures have been around since Thousands of years, and while everyone loves a little water feature, these one in particular have an outdated look that they need regular cleaning, and they often need to be repaired. You better go with a bubbly which has a simple structure and is easy to care for.

Dig up the huge boulder

Rock gardens are popular ways to conserve water and landscaping. However, the heyday of the giant random boulder is behind us. As Gardening etc. Says, “Impervious hard landscaping is bad for biodiversity and just isn’t a very smart way of using valuable outdoor space.” So too many hardscapes can make a garden look neglected and less functional.

Instead of this? To install Rain garden. The diverse plants will be a beautiful eye-catcher and save water at the same time.

Opt for natural alternatives to colored mulch

Mulch is a handy way to beautify your garden. The garden fertilizer keeps the moisture in the soil, helps to shade the soil and provides your plants with vital nutrients. The color and design can also add to the attractiveness of your home. Unfortunately, colored mulches were found in the 1960s, are now an outdated eyesore – and they sometimes contain harmful impurities.

Instead, opt for a natural mulchwhich is available in darker shades that can give you the contrast you want.

How younger is just too younger for teenagers to raise weights?

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Image for article titled How Young Is Too Young For Kids To Lift Weights?

Photo: Fox Photos / Getty Images (Getty Images)

We’re used to children playing team sports like soccer and baseball at a young age. And strength-based activities like climbing frames are time-honored childhood pastimes. But somehow lifting weights looks wrong to many of us when kids do it. But how young is too young to pick up a barbell?

Why strength training is important for kids

First, let’s talk about whether it makes sense for children to exercise strength. Lifting weights is just one form of resistance training – others may include bodyweight exercises like pushups or working with resistance bands, machines, or other equipment. So “strength training” doesn’t just mean “lifting”.

The American Academy of Pediatrics, in their Position paper on strength training, suggests that strength is important to children’s health and athletic performance (when exercising). According to some studies, strength training is also a gateway to spontaneous physical activity, which makes it a great introduction to training for kids who don’t like running or other aerobic activities.

Rather than just discussing the risks of weight training, say the paper’s authors, we also need to consider the risks that weight training does not have. Building strength makes children (and adults) less prone to injuries in sports and in life, so we shouldn’t skip this significant Aspect of exercise.

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Heavy weights are okay for kids

In the past, experts have said that strength training is okay for children, but they have often shied away from recommending actual weights, or particularly heavy weights. For example, it has sometimes been considered inappropriate for children to find a maximum of one repetition.

But research shows that testing with one repetition of max is absolutely safe for children when properly designed with the proper technique and supervision from a qualified person, such as a trainer. You shouldn’t just let your kids walk heavy weights and poor technique at a HAM home gym – but that’s not good for adults either.

Will Weight Training Stunt A Child’s Growth?

No, but the myth was no accident. The growth of long bones (such as those in the arms and legs) occurs near the end of each bone, called the epiphyseal plate or growth plate. It is possible, though rare, for this plate to be damaged so badly that the bone can no longer grow.

There have been a few reports of children having broken their growth plates, however according to the paper the AAP quotes on One-Rep-Maxes, these injuries have not occurred during safe, well-supervised strength training. The authors write:

This issue needs further investigation and assessment, as most of the forces children are exposed to in sports and recreational activities are likely to be greater, both in terms of exposure time and extent, than in competently supervised and properly conducted maximal strength tests.

In other words, lifting a heavy weight is no more difficult on a child’s body than what children do anyway.

When can children start strength training?

There is no specific age to start weight training, and the AAP recommends that training be tailored to a child’s maturity and experience. For example, once a child is old enough to exercise, they are old enough to do weight training. The AAP gives the example of one-legged hopping as a strength exercise that is doable and appropriate for most 5 year olds. On the other hand, a 14 year old who has been inactive is starting from scratch.

Body weight exercises (like these hops) will come first, with weighted exercises later when the child is ready. But that’s because the child has a sense of how to exercise and how to use good technique, not because there is a minimum age for a particular exercise.

How to make sure kids do weight training safely

According to the AAP paper, the components of a safe strength training program for children are similar to those for adults:

  • One to two rest days per week
  • Enough calories and hydration to support the job they are doing
  • Guidance and support from people who are qualified to work with children in sports (i.e. good trainers and teachers)

The AAP recommends speaking with a pediatrician before starting any strength training program if the child has high blood pressure or an uncontrolled seizure disorder. Children who have certain heart problems or have been treated with certain chemotherapy drugs may also need to change their exercise.

The AAP also emphasizes that children should take the time to learn good technique using relatively light weights – for example, sets of 8 to 12 repetitions at 60% of their maximum repetition. Once you’ve mastered a particular exercise well, heavier, less repetitive sets may be appropriate. The sessions should last 20 to 30 minutes and take place two to three times a week.

All of this should look familiar to you if you are weight training yourself. I train my 11 year old in our home gym and our program looks a lot like what the AAP describes. (The 8 year old and 5 year old don’t exercise regularly, but I mentor and encourage them when they show interest.)

I’ve found that half the planning is getting a child interested and having fun. If my child hates an exercise or is not comfortable with it, we can find another exercise that works similar muscles. For example, he does goblet squats instead of barbell back squats, but he also loves doing regular barbell bench presses. I see him on every set and watch his technique to make sure he’s not only safe but also lifting effectively. I want him to get stronger, but most of all, I want him to be comfortable in the gym and know that exercise is fun and worthwhile. This is a lesson that will stay with him throughout his life.

“We’re on fireplace:” 5 US states set new information for Covid instances as hospital admissions improve

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LAKE CHARLES, LOUISIANA – AUGUST 10: (EDITORIAL USE ONLY) Clinicians work on intubation of a COVID-19 patient in the intensive care unit (ICU) at Lake Charles Memorial Hospital on August 10, 2021 in Lake Charles, Louisiana. COVID-19 hospitalizations yesterday broke another record in the state at 2,720, with Louisiana being one of the country’s epicentres as the spread of the Delta variant continues. More than ninety percent of Louisiana hospitalized COVID-19 patients are unvaccinated. The Lake Charles Memorial currently hosts 52 COVID-19 patients, 25 of whom are in intensive care. (Photo by Mario Tama / Getty Images)

Mario Tama | Getty Images News | Getty Images

Five states broke records for the average number of new Covid cases over the weekend as the Delta variant strains US hospital systems and forces many states to reintroduce public health restrictions.

Florida, Louisiana, Hawaii, Oregon and Mississippi all hit new highs on Sunday, the seven-day average of new cases per day, according to a CNBC analysis of data compiled by Johns Hopkins University. On a per capita basis, Louisiana, Mississippi and Florida are suffering from the three worst outbreaks in the country.

New Covid cases per 100,000 inhabitants every day

Note: The lines show the 7-day average of the daily new cases.

Source: Johns Hopkins University, CNBC analysis. From 08/15/2021.

New Covid cases every day

100,000 inhabitants

Note: The lines show the 7-day average for the day

new cases.

Source: Johns Hopkins University, CNBC

Analysis. From 08/15/2021.

New Covid cases per 100,000 inhabitants every day

Note: The lines show the 7-day average of the daily new cases.

Source: Johns Hopkins University, CNBC analysis. From 08/15/2021.

Louisiana averaged 126 cases per 100,000 people on Sunday, more than three times the national average, while Mississippi and Florida averaged 110 and 101 cases per 100,000 people, respectively, according to the data.

“We are in the middle of summer, people are gathering with people again, they are in large groups, the vaccine in a way gave people a false sense of security and made them forget,” Dr. Perry Halkitis. Dean of the Rutgers School of Public Health told CNBC in an interview.

Louisiana

The surging Delta variant hit the Gulf Coast particularly hard and pushed hospitals to their limits. To contain the Louisiana outbreak, officials recommended masks indoors in July, regardless of whether they were vaccinated or not. They reintroduced a nationwide mask mandate on August 2 after it became apparent that it wasn’t working and cases continued to increase.

Everyone is now required to wear masks indoors regardless of vaccination status, including all students from kindergarten to college.

According to the Centers for Disease Control and Prevention, Louisiana has the fifth lowest vaccination rate of any state in the country, with 38.3% of the population being fully immunized against the coronavirus. According to Hopkins data, Louisiana reported a record seven-day average of more than 5,800 new Covid cases on Sunday, an increase of nearly 27% from a week ago.

Louisiana recorded a seven-day average of 44 Covid-related deaths on Sunday, over 46% more than a week earlier. Nearly half of the state’s 882 reported intensive care beds were occupied by coronavirus patients as of Monday, compared with a nationwide average of 25%, according to the Department of Health and Social Affairs.

Mississippi

Mississippi Governor Tate Reeves, a Republican, pleaded with residents Friday to get vaccinated as the state scrambles to hire hundreds of temporary doctors, nurses and emergency medical services.

He has also requested ventilators from the Strategic National Stockpile as the proliferation of the Delta variant fills hospitals across the state with mostly unvaccinated patients. Nearly 55% of Mississippi’s ICU beds were filled with Covid patients on Monday, and the state’s seven-day average of nearly 3,300 new coronavirus cases on Sunday rose 57% from a week.

“If you overlook the whole country, this current wave is in a sense the unvaccinated pandemic,” Reeves said at a press conference. “We keep seeing more and more data, and the data is getting clearer. Those who received the vaccine are far less likely to get the virus.”

Mississippi has the second lowest coronavirus vaccination rate in the country, with 35.8% of the population being fully vaccinated as of Sunday. The state’s death toll also hit a seven-day average of 20, nearly 80% more than a week ago.

Florida

Florida reported a record 151,764 new Covid cases for the week on Friday, hitting a new seven-day average of 21,681 cases per day – more than any other state. More than half of the intensive care beds in the state are occupied by Covid patients, according to HHS data.

Florida’s surge in cases comes as Republican Governor Ron DeSantis continues to oppose calls by the Biden government and state advocacy groups to enforce mask mandates and other pandemic-related measures to contain the massive outbreak. He signed an executive order and bill in May that lifted all Covid restrictions across the state and permanently prevented local officials from enacting new ones starting July 1.

In late July, DeSantis issued a controversial executive order that blocked the mask mandate in state schools and overruled two counties that required face coverings for their students.

Oregon

Oregon’s Governor Kate Brown, a Democrat, is dispatching up to 1,500 National Guard members to aid the state’s health systems as Covid hospital admissions hit a new record three days in a row, reaching 733 on Friday. The state recorded 1,765 new cases on Friday, bringing its seven-day average to 1,652, according to the latest data available.

The state reintroduced an indoor mask mandate for everyone, including those fully vaccinated, on Friday in response to the surge in hospital admissions.

Hawaii

Although the outbreak in Hawaii is relatively small compared to most mainland states, cases there have repeatedly hit new records since mid-July, hitting a seven-day average of 671 new cases per day on Sunday, according to Hopkins’ data.

That’s a more than seven-fold increase from 89 cases per day a month ago. The recent surge in cases has taken health officials by surprise and is starting to weigh on hospital systems. The total number of hospital admissions on the islands is 3,030, with 552 deaths recorded since the pandemic began.

“We’re on fire. When we have hospitals that are really concerned about taking care of people, it’s a crisis,” said Health Director Dr. Elizabeth Char at a press conference last week. “If we take this exponential growth in the number of people infected with Covid-19 every day – 2,000 people in the last three days – that’s a crisis. And at the point where we overwhelm our resources, it’s a disaster . “

However, hospitalization rates in Hawaii and Oregon are not as high as in other states. Nationwide, less than 11% of all hospital beds are used by Covid patients. Oregon is 11.4%, Hawaii is 12.1%, followed by Louisiana at 20.4%, Mississippi at 18.7%, and Florida at 28.2%, according to HHS data.

The capacity of hospital beds correlates very closely with vaccination rates. In the states with higher vaccination rates, fewer Covid patients use hospital beds. Oregon has fully vaccinated 56.6% of its residents, followed by Hawaii with 54%, Florida with 50.3%, Louisiana with 37.8%, and Mississippi with 35.4%, according to CDC data.

“As a result, Florida, Louisiana, and Mississippi are suffering with bed capacity and rising death rates; while Oregon and Hawaii suffer with explosive case numbers but high vaccination and masking rates, may not always be in the same precarious position.” Dr. Peter Chin-Hong, an infectious disease expert at the University of California at San Francisco.

According to Hopkins data, the national seven-day mean of new cases on Sunday is 130,710, a 20% increase from the previous seven-day mean. The seven-day average of Covid deaths nationwide rose to 687, up 36% from the previous average.

“We know the tools, and now it comes down to the value judgment of policymakers to determine which tools they want to implement,” said Dr. Isaac Bogoch, an infectious disease expert at the University of Toronto, told CNBC.

S&P 500 doubles from its pandemic low, marking the quickest bull market rally since World Battle II

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Wall Street Bull is located in the financial district of New York City.

Mike Roy | MCT | Tribune News Service | Getty Images

Here’s a market milestone to illustrate just how breathtaking the recovery rally was: the S&P 500 has just doubled in level from its pandemic lows.

The broad equity benchmark has recovered from its Covid low of 2,237.40 on March 23, 2020 by 100% on a closing basis. It took the market 354 trading days to get there, which is the fastest doubling in the bull market since World War II, according to a CNBC analysis of data from S&P 500 Global.

The S&P 500 closed on Monday at a record 4479.71, up 0.3% from the day and 100.2% higher than its lowest Covid closing price.

During the financial crisis, the S&P 500 bottomed at 676.53 on March 9, 2009, and the benchmark only doubled that value on a closing basis on April 27, 2011. On average, it takes more than 1,000 trading days for bull markets to hit this milestone , the analysis showed.

“It usually takes many years to double up. This is another way of showing how incredible this bull market has been,” said Ryan Detrick, chief market strategist at LPL Financial.

Many attributed unprecedented monetary and fiscal incentives for the market to leap out of its massive pandemic slump. At the height of the crisis last year, the Federal Reserve cut interest rates close to zero while flushing the financial markets with $ 120 billion in monthly emergency bond purchases. The bailout came when the S&P 500 suffered its fastest 30% decline in history.

Meanwhile, the government has injected trillions of dollars into the economy on Covid relief spending, sending direct payments and unemployment insurance to many struggling Americans.

Market gains came so fast and violently that they have propelled the S&P 500 about 4% above the average year-end target of 4,328 top Wall Street strategists, according to the CNBC Market Strategist Survey.

While the numbers seem too good to be true, this strong rally has fundamental support – a massive profit comeback. Corporate earnings have jumped from the bottom of the pandemic, with S&P 500 companies posting earnings growth of 53% year over year in the first quarter and up 93.8% in the second quarter, according to Refinitiv.

“This quarter is not only characterized by a multitude of blows, but also by the impressive size of the surprises,” said David Kostin, head of US equity strategy, in a statement. “Companies are confident that rising input costs can be offset or managed. Companies leverage excess liquidity and prioritize investments for growth while maintaining high levels of buybacks.”

The latest surge in stocks came after data showed consumer prices rose more modestly in July than in the previous month. Meanwhile, investors hailed the passage of the $ 1 trillion infrastructure bill, which includes $ 550 billion in new spending on areas such as transportation and the electricity grid.

The tech sector led the early stage of the historic market rally with a return of 120% from its pandemic low. Investors flocked to tech stocks that benefited from a stay-at-home trend in 2020 while they welcomed the safety of megacap names like so-called FAANG stocks. The sector’s rally slowed in 2021, and troubled value names and stocks tied to economic growth took the baton and sprinted.

These cyclical areas of the market – materials, energy, finance and industrials – have all doubled from their 2020 low thanks to a strong comeback this year as optimism about the reopening increased.

Still, after the high-profile milestone, many expect another bumpy trade and subdued returns. The list of worries is stacking up – the spread of the Delta-Covid variant, slowing economic growth, and a Fed that has started to think about simple policies. In addition, the market has not had a significant retreat in about 10 months.

“While we remain bullish, we haven’t seen even a 5% drop in the cards at any time since last October,” said Detrick.

The Fed is increasingly backing to curb its bond purchases in September and begin reducing purchases about a month later.

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A 3rd of American staff depart free cash on the desk

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Employer Match is a benefit that some companies offer to their employees who sign up for the company’s 401 (k) plan. In essence, the company agrees to top up an employee’s contributions to their plan account up to a certain percentage of each paycheck. Companies are offering this as a perk to attract quality employees and keep them happy.

There are a number of ways the Employer Match can work. The simplest is a straight dollar for dollar match.

Let’s say an employee earns $ 1,000 per pay period and saves 3%. That equates to a savings of $ 30. If the employer offered a 3% adjustment, the company would also contribute $ 30, saving a total of $ 60 per pay period.

Related: How to Get the Best Deal on Home Insurance

A match can also be more complex. For example, an employer may offer a 50 cents on the dollar match. Let’s say a company is offering $ 0.50 per dollar up to 10%.

An attendee earns $ 1,000 per billing cycle and saves 10%, which is equal to $ 100 per billing cycle. With this match, the company would contribute $ 50 for a total savings of $ 150. This match style is often used to encourage employees to save more without committing the company to an unsustainable match.

An employer match can also have a vesting date. This means that you have to work for a company for a certain period of time in order to keep the money given to you from the game. If you leave before this period, you can keep the money you deposited but not your employer’s money.

eight causes your weight fluctuates from daily

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Image for article titled 8 Reasons Your Weight Is Fluctuating From Day to Day

Photo: New Africa (Shutterstock)

Changes in weight can be difficult to measure. Your weight is not static, it fluctuates throughout the day depending on your meals and daily activity. In addition to this daily fluctuation, your weight may also increase or decrease a few pounds over the course of the week due to factors unrelated to weight gain or loss.

Ideally, to get a sense of your weight, weigh yourself at a standard time and wear standard clothing. For example, the suggestion is that you usually weigh yourself first thing in the morning after you go to the bathroom but before you have breakfast.

Even then, for reasons unrelated to either a calorie deficit or excess, your weight can fluctuate by a few pounds either way. This can be especially frustrating if you’re actively trying to gain or lose weight, or if you’re competing in a sport that requires a weigh-in for competitions, when even a small amount of weight gain can be frustrating.

With that in mind, here are a few reasons your weight can fluctuate from day to day.

The best way to ship a licensed letter (and why you’ll want to)

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A stack of certified postal receipts from the USPS

Photo: LisaCarter (Shutterstock)

This one goes to everyone who has come to terms with the fact that the gym they haven’t been to in years is withdrawing a bunch of money from their checking account every month for the rest of their lives. Many gyms require would-be terminators to cancel their membership by showing up in person or sending a certified letter, fitness gods seem like your only option.

It is not! You don’t have to live like this. Sending a certified letter is really easy.

When do you need to send certified mail?

Certified mail isn’t just for gym cancellations. Tax returns and legal notices as well as all types of sensitive documents can also be sent with it. The benefit of paying for a certified letter is that you get a receipt and, for an additional fee, get a copy of the recipient’s signature once they get it. It helps you cover all of your basics in situations where you may need to prove that you really sent something and the other party really got it – or not.

A certified letter is a form of registered mail. Registered mail gives the sender a receipt and records of the post office’s location, but costs more than registered mail. There is a little more security associated with registered mail. So always check which option is best for your particular situation. Also think about the economy – registered mail is insured, registered mail can be insured for a surcharge. Add up the various fees required for both options to figure out which one suits your needs, considering security and cost.

You can send certified mail from any post office

Your first option for sending registered mail is the old-fashioned one: go to your local post office and request a 3800 registered mail. You can recognize it by the green and white sticker that contains a barcode that will help you track your package.

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Fill out all the information in the form carefully and properly. They will write down the recipient’s name and address, so make sure you write correctly and that your writing is legible. Then turn your attention back to the green and white sticker. You have a few more decisions to make, but they are clearly outlined for you. All you have to do is check boxes and enter your initials to determine whether you want a restricted delivery service – which ensures that a specific person receives the mail and signs for it – or if you want to buy a return receipt service to get a copy of the recipient Signature.

Affix the sticker on your envelope above the recipient’s address, but leave space for postage on the right side. Add your stamps or postage, then pay the certified mail fees. These may include the $ 3.35 certified letter mailing fee, the return receipt fee known as PS Form 3811, which is $ 2.75, and any other option you choose. (These prices are of course at the time of this writing.)

Inside is a perforated receipt. You will see it so don’t worry. You have to keep it. That’s kind of the whole point.

How to send certified mail online

Of course, if you can’t find time to go to your old gym and cancel your membership, you don’t have time to go to the post office to do so. Don’t worry – we live in the future, baby, and you can send a certified letter online.

There are several sites that offer this service. They have pretty obvious names, like onlinecertifiedmail.com. Labels that you can print at home are an option. You can find them again on websites by name like certified maillabels.com.

As with any website, check that the website you choose is legitimate and has what you need, such as: B. USPS Next Day Tracking and Proof of Delivery.

Now write your letter in Word or a similar program or fill out the form that you should send. If you need to sign it make sure you do. There’s no point in paying to send a document that you didn’t fill out correctly! Use DocuSign or a similar program, or print, sign, and even scan a physical document. Whatever you do, make sure you have your is dotted and your Ts crossed, figuratively and literally.

Upload the document to the certified mail website you have chosen, fill in your payment details and follow the steps as you would for any online purchase. The letter should be addressed, printed and sent by the service on the same working day you upload it.

Now just keep updating this tracking page until your little nightmare ends.

See the solid of Blue Crush, then and now

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Bosworth’s performance as aspiring professional surfer Anne Marie was her breakthrough role, with the actress later starring in Win a Date With Tad Hamilton !, Beyond the Sea (as a real-life singer) Sandra Dee) and Superman Returns (as the fictional journalist Lois Lane).

The 38-year-old later turned to smaller projects and starred in a number of indie films including Straw Dogs, Still Alice, Before I Wake and The Domestics.

In a 2019 Instagram post, Bosworth talked about her intense training for the film, writing, “I often get comments about my body in Blue Crush that are the result of an intense, highly effective, but short-lived physique. You know? I trained 7 hours a day? ”

But she would still be ready to do a sequel and teased during the video chat with her co-stars last year, “I’m going to risk my life again.

Bosworth married Michael Polish, a film director she met in 2011 while working on Big Sur at a cottage-style wedding in Montana in August 2013. The couple announced they would split in August, but in their joint statement shared their intention to stay in each other’s lives.

“In the process of letting go, we realized that our love will never end,” the couple wrote on Instagram. “The connection doesn’t just go away. Love deepens, the heart expands … We laugh as we plan our next film together and are happy to share our latest collaboration.”

Bitcoin (BTC) is hovering above $ 48,000 whereas the crypto market tops $ 2 trillion

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Bitcoin topped $ 48,000 over the weekend, its highest level since mid-May, but lost some of those gains on Monday.

On Saturday, the digital coin hit $ 48,126.47, its highest level since May 17, according to Coindesk data. At around 8 a.m. ET on Monday, Bitcoin was trading at $ 47,263.35.

The bitcoin rebound comes after it sold out heavily in June and July and fell below $ 30,000 after a record high of over $ 64,000 in April.

“I believe this (the rise of bitcoin) is the result of massive accumulation,” said Vijay Ayyar, director of business development at the Luno cryptocurrency exchange, when bitcoin was trading between $ 29,000 and $ 30,000.

Bitcoin’s surge on Saturday saw the value of the entire cryptocurrency market rise above $ 2 trillion for the first time since mid-May, according to data from CoinMarketCap, which tracks digital coin prices.

The crypto market faced a number of headwinds over the summer. One of the largest has been the re-regulatory review of the industry by the authorities in China, which forced the Bitcoin mining operation to cease operations and relocate. This was one of the main reasons Bitcoin fell below the $ 30,000 mark.

Meanwhile, the U.S. Senate passed a major infrastructure bill last week without any of the proposed changes to crypto tax reporting delaying its passage. That was seen as a blow to the crypto community, but some said it showed that the U.S. government was taking the industry seriously.

These “fundamental regulatory obstacles” have “cut the wings off the market in the short term,” said Jehan Chu, founder of cryptocurrency-focused venture capital and trading firm Kenetic Capital.

Chu said that while Bitcoin could soar to $ 55,000, investors should expect a “significant drop to below $ 30,000,” setting the stage for a long, steady march “to $ 100,000 in 2022 .

More negative news came this month after hackers stole $ 600 million in one of the largest cryptocurrency heists in history. But in a bizarre turn of events, the hackers eventually returned almost all of the stolen money.

This didn’t seem to worry the Bitcoin bulls.

Ayyar von Luno said Bitcoin is approaching a resistance level between $ 48,000 and $ 50,000.

“I wouldn’t expect bitcoin to go through all of a sudden,” Ayyar said, adding that the digital coin “will definitely return to all-time highs” if it breaks that level of support.

The map reveals the latest outbreak in mainland China as delta falls enhance

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In recent weeks, new pockets of Covid-19 cases have surfaced in parts of mainland China as the highly contagious Delta variant spreads across the country.

So far this month, locally transmitted cases reported in mainland China have risen to 878 – more than double the 390 cases recorded for the entire month of July, according to the CNBC daily statistics from China’s National Health Commission.

To be clear, the number of reported infections is much lower in China than many countries – including the US, where an average of about 100,000 new cases a day, and Southeast Asia, where daily cases have risen sharply.

Still, Chinese authorities have imposed targeted bans, tightened movement controls and ordered mass tests to curb the recent resurgence in Covid cases.

Impact on China’s Economy

Economists have raised concerns about China’s zero tolerance for Covid. The government has insisted on stamping out any flare-ups in Covid cases, even as many countries around the world – including the UK and Singapore – have started to accept that the virus will never go away.

The recent resurgence of Covid cases in China is due to the fact that some economic growth engines continue to lose momentum while domestic consumption struggles to fully recover, HSBC economists said in a report on Wednesday.

The economists found that the number of new infections reported in China is the highest since an outbreak in northern China in December 2020.

“As a result, many provinces and cities have tightened social distancing restrictions and bans on travel between cities and provinces,” the report said.

“These measures will inevitably weigh on growth, especially domestic consumption, which has not yet seen a full recovery to pre-pandemic levels,” the analysts said.

HSBC said mounting economic pressures could lead Beijing to adopt “more supportive” fiscal policies. This could include major infrastructure spending and tax cuts for small and medium-sized businesses, the bank said.

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