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Mario’s Pizzeria & Restaurant Returns After 17 Months of Sandy Repairs

first_imgMario’s Pizzeria & Restaurant at 1510 Bay Avenue in Ocean City is back open after a year and half of repairs from Superstorm Sandy.Mario’s Pizzeria & Restaurant on Bay Avenue near 15th Street in Ocean City reopened Thursday (March 27).Superstorm Sandy flooded the popular neighborhood restaurant on Oct. 29, 2012, and the owners have been dealing with insurance claims, repairs and renovations for a year and a half.“Sandy — I don’t like the name any more,” co-owner Guiseppe Cannuscio said on Thursday morning after City of Ocean City and Ocean City Regional Chamber of Commerce leaders helped cut a ceremonial to mark the long-awaited  reopening. “We made it. We didn’t give up.”Bay Avenue in front of the restaurant is detoured for a county road construction project, but local traffic to the restaurant is permitted. Sign up for OCNJ Daily’s free newsletter“Like” us on Facebook __________last_img read more

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Singapore sovereign fund Temasek joins Facebook-backed Libra

first_imgTopics : The association includes a number of nonprofit and e-commerce firms but has lost some high-profile initial members including Visa, Mastercard, eBay, Stripe and PayPal. Libra, a high-profile project launched by social network giant Facebook, is tentatively scheduled to launch this year but has been battered by severe criticism from some of the world’s most influential financial authorities.Backers of Libra argue it can help people outside the banking system by lowering transaction costs for many kinds of payments and transactions; critics say it could disrupt the global monetary system and currency markets.In its latest update, the association said it is seeking seek approval for digital coins in individual currencies, revamping its cryptocurrency initiative in a move aimed at minimizing disruption to the global monetary system.Under the new plan, separate “stablecoins” would be created and pegged to real-world money such as the US dollar and the euro.center_img The Singapore sovereign wealth fund Temasek has joined the Facebook-backed Libra project seeking to create a worldwide digital payments network, the Swiss-based Libra Association said Thursday.Temasek was among three new members announced for the association, including the cryptocurrency investment firm Paradigm and the private equity group Slow Ventures, both based in California.”The addition of these three new members to the Libra Association shows our commitment to building a diverse group of organizations that will contribute to the governance, technological roadmap and launch readiness of for the Libra payment system,” said association vice chairman Dante Disparte.last_img read more

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