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CySEC imposes a fine of one hundred thousand euro on BDSwiss Holding Ltd 

Published Wed, 12 Feb 2025 12:28:14 GMT

The Cyprus Securities and Exchange Commission (CySEC) today announced a decision to impose an administrative fine of one hundred thousand euro (€100,000) on the Cyprus Investment Firm BDSwiss Holding Ltd (the board decision).     CySEC reached the above decision after finding that BDSwiss Holding Ltd enabled offshore companies with which it was associated, to refer on the CIF's status, as a Cyprus Investment Firm, to attract clients to whom they offered investment services in CFDs. That was without requiring customers to pay initial margin protection and not giving the necessary risk warning, as it would have to, if the provider was the CIF, avoiding the application of the statutory requirement. 

California lost more than $300 million in tax revenue from wealthy residents moving: study

Published Wed, 12 Feb 2025 12:28:14 GMT

For the third straight year, the state of California has experienced a decline in population, according to U.S. Census Bureau data, and many of those packing up and heading west are some of the state's wealthiest.A study of IRS Migration Data by an online real estate portal found that no state experienced a larger loss of tax income from migration than California.The study, conducted by MyEListing.com, found that California lost more than $340 million in 2021 IRS tax revenue due to residents moving.While about 40% of Californians have previously indicated that they had "seriously considered" leaving the Golden State, mainly due to cost of living, the migration of high-earners from California is a bit more mysterious."Despite its numerous attractions ... beautiful landscapes and cultural richness, California's high personal income tax rates seem discouraging for many high-wealth individuals. This, coupled with the state's high cost of living, will likely fuel a wealth migration out o...

Authorities search for missing 13-year-old boy

Published Wed, 12 Feb 2025 12:28:14 GMT

Authorities are asking the public for help in their search for a 13-year-old boy who disappeared in Palmdale Wednesday.Kingston McBride was last seen around 1:45 p.m. in the 45500 block of Robinson Drive, according to the Los Angeles County Sheriff's Department.Kingston McBride is seen in an image shared by the Los Angeles County Sheriff's Department.Kingston's family is concerned for his well-being and are asking for help in locating him. He was described as "at risk" in the Sheriff's Department's bulletin but no details about why he was at risk were given.Kingston, a resident of Los Angeles County, stands 5 feet tall and weighs 90 pounds. He has brown eyes and short black hair. Robbery crew responsible for 3 homicides, police say Kingston was believed to be with his brother, Princeston Bruins, somewhere in Nevada.Anyone with information was asked to call the Sheriff's Department at 323-890-5500. Those who prefer to remain anonymous can call Crime Stoppers at 800-222-8477.

Massive marijuana grow operation found on 'Flower Street' in downtown L.A.

Published Wed, 12 Feb 2025 12:28:14 GMT

A massive marijuana grow operation was discovered in the heart of downtown Los Angeles Tuesday afternoon.Police were called to the 1800 block of, coincidentally, South Flower Street around 6 p.m., LAPD Capt. Elaine Morales posted on social media. Pot plants discovered in downtown Los Angeles are seen in an image shared by the Los Angeles Police Department.Arriving officers discovered dozens, possibly hundreds, of marijuana plants being grown on two floors inside a large, commercial-type building. "Surprise, surprise," Morales posted, referring to the officers' reaction to discovering the operation. Pot plants discovered in downtown Los Angeles are seen in an image shared by the Los Angeles Police Department."Great work, lots to book, two floors of this green leafy plant," Morales said. No details about any arrests related to the discovery were released. Although cannabis and marijuana products are legal to purchase and use in California, there are still restrictions surrounding the ...

Gia Woods talks new EP and Pride

Published Wed, 12 Feb 2025 12:28:14 GMT

Gia Woods talks new EP and Pride: We spoke to L.A.-based Persian popster Gia Woods back in June 2020, right at the start of the pandemic and as she was about to release her Cut Season EP. That record was described as a journal of her coming out as a gay woman and, while the timing proved to be a little weird, it earned her a lot of praise.“It’s crazy, a lot of people still bring it up to me that they really did love Cut Season,” she says. “I feel like I was so out of it by the time it was out because I was so worried about the world, which is crazy because it was about toxic people and whatever. When it came out I was like, ‘none of it even matters right now – the world is ending.’ But the feedback that I got after that period, a lot of people went back and revisited the project. I got so many positive reactions, like ‘That project was actually so good, it just came out in the worst time possible.’ I have a sense of direction now, and I look back and I’m like, ‘Damn, I’m really prou...

Is Hemp Flower A Hallucinogen? — Understanding Hemp CBD’s Psychoactive Potential

Published Wed, 12 Feb 2025 12:28:14 GMT

Although many people don’t consider cannabis to be as psychoactive as substances like peyote or LSD, all of these items are lumped into the same Schedule I drug category. Also, it’s undeniable that THC-rich cannabis strains can alter a person’s sense of time and space. While some debate whether weed is genuinely a “hallucinogen,” everyone agrees that strong cannabis hybrids can have hallucinogen-like traits.So, what does this hallucinogenic status mean for hemp flowers? After all, hemp is technically in the same family as marijuana. Does hemp’s chemical structure also qualify it as a hallucinogen?Is CBD Hemp A Hallucinogen?In their natural state, hemp flowers have minimal psychoactivity. Although hemp is in the cannabis family, it doesn’t produce high amounts of delta-9 THC. By contrast, marijuana hybrids have excessive THC, which explains their hallucinogenic properties. Therefore, most people don’t consider natural hemp flowers to be...

Surf’s Up in Long Beach

Published Wed, 12 Feb 2025 12:28:14 GMT

Surf’s Up in Long Beach: The 14th annual Surf Guitar 101 Festival takes place in Long Beach this weekend, on July 28-30. The headliners are Satan’s Pilgrims (Portland), The Bomboras (Los Angeles), Deke Dickerson as Link Wray (SoCal), Messer Chups (Russia), Tikiyaki Orchestra (SoCal).“This 14th Annual Surf Guitar 101 Festival celebrates surf music in all forms, from the instrumental tunes that influenced the forefathers to the bands that created and developed that unmistakable sound to the current domestic and foreign bands today, either carrying on the tradition of instrumental surf ‘n’ drag tunes in their pure form or progressively changing the face of the genre,” they say. “In addition, many vendors sell music, instruments, music gear, ephemera, t-shirts, and more!”The bill also features The Charades (Finland), Sir Bald Diddley( England), The Irradiates (France), Pollo Del Mar (San Francisco), The Volcanos (Detroit), The Hellbenders (Detroit), The Eli...

PG&E profits rocket higher as electricity and gas revenues rise

Published Wed, 12 Feb 2025 12:28:14 GMT

OAKLAND — PG&E profits rocketed higher in the second quarter of 2023, bolstered by solid increases in the utility behemoth’s revenue from its electricity and gas operations, the company reported Thursday.The utility earned $406 million in its April-through-June second quarter, an increase of 17.3% over the company’s profits of $356 million during the same period a year ago.Oakland-based PG&E said it produced $5.29 billion in revenue in the second quarter, up 3.4% from $5.12 billion in the year-ago April-June period.Electricity revenue totaled $3.85 billion, up 4.4% from the year before, while gas revenue was $1.44 billion, a 0.7% increase from the 2022 second quarter.“Through the first half of 2023, we feel confident that we continue to reduce physical risk on our system overall,” said Patricia Poppe, PG&E’s chief executive officer.Related ArticlesEconomy | See how California energy costs compare with other states’ ...

East Bay city responds to sideshows, including critical injury this weekend: Roadshow

Published Wed, 12 Feb 2025 12:28:14 GMT

Q: I’m hoping you will write about the sideshow last Sunday in Richmond that involved 200 cars. Participants were throwing illegal fireworks at police and there was one critical injury, according to the Grandview Independent. An important angle on this story is the support that the mayor and city council have shown in recognizing sideshows as culturally important and, therefore, they say participants should not be criminalized.Ellen Sasaki, RichmondA: This sideshow sounds particularly dangerous. Safety is one of the significant concerns with sideshows, generally, and with this one, in particular. There are other concerns, too. We’ve covered sideshows in Roadshow before, and readers have very strong and varying opinions on them.Q: I have been wanting to write you for quite a while. I live in Pleasanton. So now that we are back at work, the traffic is back, too. I live off Highway 84, so Interstate 680 is bumper-to-bumper.I finally took the time to concentrate on the area around...

Swiftonomics: California could see big economic boom from Taylor Swift’s Eras Tour

Published Wed, 12 Feb 2025 12:28:14 GMT

Taylor Swift is reigniting a “Gold Rush” in California as the final leg of her record-breaking U.S. Eras Tour comes to Santa Clara and Los Angeles with massive fanfare at the sold-out concerts.The cultural phenomenon is on track to boast the highest-grossing musical tour of all time, with more than $1 billion in revenue anticipated — along with a big boost to the economies of the cities in which she sets foot. Over the last several months, the impact of the tour has trickled down from Swift herself to the entire U.S. economy, with one estimate from market research firm QuestionPro predicting her tour could generate $4.6 billion in spending across the country.The preliminary numbers from cities that Swift has already passed through are staggering.Visit Pittsburgh estimated $46 million in direct spending in Allegheny County, while Cincinnati Regional Chamber’s Center for Research and Data and Visit Cincy said the tour brought in more than $90 million to the greater C...