Greetings to all KGMers!!! Hope you are doing well. The Rotary Ball was a great success thanks to all our members' support and enthusiasm. The hotel management said they have never seen so many great dancers gathered in one room before, they had their dance floor replaced  . We told them it's because nobody does it better than RCKGM, The Liveliest & Friendliest Rotary Club in Hong Kong!
There is no regular lunch meeting this Wednesday, it is being replaced by a Dinner to host the Vocational award, details as follows, this is a KGM signature event and we encourage all members to join. Details for next event: Event: Vocational award night Date: March 15th, 2023 (Wednesday) Time: 18.30 to 22.30
Location: Crystal Ballroom, Holiday Inn Golden Mile, Tsim Sha Tsui, Kowloon, Hong Kong March 22nd - Regular Lunch Meeting For update on events, please scroll down to the bottom of the bulletin or visit our website here.Weekly Knowledge Section: What Is the Dodd-Frank Wall Street Reform and Consumer Protection Act?The Dodd-Frank Wall Street Reform and Consumer Protection Act is legislation that was passed by the U.S. Congress in response to financial industry behavior that led to financial crisis of 2007–2008. It sought to make the U.S. financial system safer for consumers and taxpayers. KEY TAKEAWAYS- The Dodd-Frank Act targeted financial system sectors that were believed to have caused the 2007–2008 financial crisis.
- Leading up to 2007, lax regulations led to extremely risky lending practices, which caused a housing sector bubble that ultimately burst and drove the global crisis, the need for public bailouts of financial institutions, and recession.
- Those institutions seen as responsible included banks, insurance companies, investment banking firms, mortgage lenders, and credit rating agencies.
- Critics of the law argue that the regulatory burdens it imposes could make U.S. firms less competitive than their foreign counterparts.2
- In 2018, Congress passed a new law that rolled back some of Dodd-Frank’s restrictions.3
What the 2018 regulation rollback meantIn the wake of the 2008 financial collapse, the Dodd-Frank bill put in more regulation for banks, starting with those with $50 billion or more in assets. Republicans and some Democrats argued this hurt smaller regional banks, subjecting them to the same oversight as big banks like JPMorgan that had assets in the trillions. In 2018, the banking industry and a Republican-majority Congress rolled back parts of Dodd-Frank, meaning many larger institutions would no longer be subject to stress tests. https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp https://news.yahoo.com/silicon-valley-bank-collapse-2018-dodd-frank-rollback-warren-warner-212435471.html https://www.grid.news/story/economy/2023/03/12/how-post-2008-reforms-did-and-didnt-prepare-us-for-the-silicon-valley-bank-collapse/ 1781: William Herschel discovers Uranus 1879: German American physicist Albert Einstein, one of the most creative intellects in human history, known for his groundbreaking theories of relativity, was born in Ulm, Germany. 2013: Jorge Mario Bergoglio, the archbishop of Buenos Aires, was elected pope of the Roman Catholic Church; taking the name Francis I, he succeeded Benedict XVI, who had resigned.
Quote(s) of the day:
Albert Einstein Quotes- "It takes a touch of genius -- and a lot of courage -- to move in the opposite direction."
- "Imagination is more important than knowledge."
- "The only real valuable thing is intuition."
- "Everything should be made as simple as possible, but not simpler."
- "Common sense is the collection of prejudices acquired by age"
- "There are two ways to live: you can live as if nothing is a miracle; you can live as if everything is a miracle."
Food for Thought: The ABCs of Vitamins: 13 Essential Vitamins and Why You Need ThemVitamins and minerals are essential substances that our bodies need to develop and function normally. There are 13 essential vitamins and each one plays a unique and vital role in keeping your body healthy. Vitamins aid in the growth, development, and function of all the cells. Your body cannot produce enough vitamins on its own, so we need to get them from outside sources. While many people take a daily multivitamin, most can get all 13 essential vitamins from foods and enriched foods. Multivitamins cannot take the place of eating a variety of foods that are important to a healthy diet. Below are details of each of the essential vitamins: 6. Thiamine  Thiamine, also known as vitamin B1, helps your body use carbohydrates as energy. It plays a critical role in nerve function, as well as skin, hair, and muscle health. Most nutritious food contains some amount of thiamine. How much do you need?Adult women typically need 1.1 mg per day, while adult men typically need 1.2 mg. What should you eat?- Fortified breakfast cereals.
- Pork.
- Fish.
- Beans, lentils.
- Green peas.
- Enriched cereals, breads, noodles, rice.
- Sunflower seeds.
- Yogurt.
To be continued... Source: https://thinkhealth.priorityhealth.com/the-abcs-of-vitamins-13-essential-vitamins-and-why-you-need-them/
https://www.hsph.harvard.edu/nutritionsource/vitamin-d/
https://www.healthline.com/health/vegan-vitamin-d#vegan-sources "Imagine Rotary" Initiatives for 2022-2023 Stay Safe and Stay Healthy. Have a Great Week Ahead! |
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