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first_img Top Stories 0 Comments   Share   Grace expects Greinke trade to have emotional impact Newly signed running back Michael Bush was also designated inactive by Arizona, as were linebackers Kenny Demens (knee) and Desmond Bishop, defensive tackles Ed Stinson (toe) and Alameda Ta’amu and tight end Matthew Mulligan.The Falcons (4-7) will also be without a high-profile wide receiver on Sunday. Roddy White (ankle) will be missing just his second game of the season. He has compiled 56 receptions for 662 yards and five touchdowns in 2014.Also inactive for Atlanta are quarterback Sean Renfree, tackle Jonathan Scott, linebacker Tyler Starr, cornerback Robert Alford and defensive linemen Paul Soliai and James Anderson.The Cardinals-Falcons game kicks off at 2:05 p.m. and can be heard on Arizona Sports 98.7 FM. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelocenter_img Larry Fitzgerald’s knee hasn’t recovered to the point where he is comfortable with participating in Sunday’s matchup between the Arizona Cardinals and Atlanta Falcons.The usually durable wide receiver will miss his second-straight game with an MCL sprain, the Cardinals confirmed prior to kickoff in Atlanta. His 110-game streak without an absence is starting to look like a distant memory.Fitzgerald still leads the Cardinals (9-2) with 658 yards receiving on 46 catches. He also has two touchdowns to his name this year. Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and sellinglast_img read more

Consumer electronics provider Vestel and Swedish o

first_imgConsumer electronics provider Vestel and Swedish operating system platform maker Zenterio are partnering on a DVB-T2 set-top box that it is launching commercially in Uganda and Rwanda.The move comes ahead of a planned analogue terrestrial switch-off for much of Africa by June 2015, with DVB-T2, a system used to carry HDTV signals on terrestrial TV channels, expected to be important to this transition.The set-top will let viewers watch dozens of free-to-air digital channels and supports a high-quality HD picture.The companies said they will work with local partners SysCorp and TACT to analyse customer expectations and offer future services if they fit market demands – such as DVB-T2 hybrid with additional interactive services such as video-on-demand or catch-up TV.“Africa is an important market for Vestel and we are happy to begin set-top box sales into this market. We are aiming to expand DVB-T2 STB sales into other African countries in the coming years,” said Hakan Kutlu, Deputy General Manager, Vestel Trade.Zenterio CEO Samuel Lindstedt told DTVE: “Putting the Zenterio Operating System into this new retail DVB-T2 set-top box in Africa, specifically Rwanda and Uganda, shows the unparalleled flexibility and performance of our software and is proof that we can implement this technology for other emerging markets around the world.”last_img read more

In This Issue   RBA removes verbiage about A

first_imgIn This Issue. *  RBA removes verbiage about A$ strength. *  Sweden prints stronger than expected manufacturing report. *  Chinese manufacturing prints flat. *  Hedge Funds return to Gold. And, Now, Today’s Pfennig For Your Thoughts! The Partial Shutdown Begins. Good day.  And a Tom Terrific Tuesday to you! And also welcome to October, which for many years, I’ve referred to the month as Rocktober! So, Rocktober is here, time to start getting the woolies out of storage, rake leaves, do like Chris like to do, go for rides to view the autumn foliage, and get ready for Halloween! Of course, Rocktober has also brought us a partial Gov’t shutdown. I’ll start with that discussion this morning for it’s what all the media is going kaka over! (and I don’t mean the soccer player!) So, yes, the partial shutdown of the Gov’t began at midnight last night, as the calendar turned to Rocktober. I guess I’ll have to remind the media to get a grip here… We’ve seen this all before… Yes, it’s been 17 years since the last Gov’t shutdown.. And we’ve had a number of these in our past. So, let’s not go all Chicken Little on me here! These are the things that happen when you allow your debt to rise unsustainably for over a decade… There’s an old saying about having to pay the piper… Well, that’s what this is all about… Speaking of “What it’s all about”… On a sidebar, I saw a sign the other day, that read: The Hokey Pokey Clinic… A place to turn yourself around… and that’s what it’s all about! So… What we have here is a failure to communicate… The House says that they want to negotiate and the Senate says they don’t want to negotiate… I don’t think I can even come up with a silly saying about what the lawmakers are doing right now, but… You know me, I think that both sides of the aisle has been to blame for this debt mess we’re in… And the dollar is caught in the middle… How long this lasts only the Shadow knows, but it appears that the markets are not happy with it, or the dollar right now… You see… the markets figure that if the Gov’t is going through this exercise of a partial shutdown, that the economy is going to suffer, and that would mean the Fed would have to extend their stimulus of bond buying and ZIRP (zero interest rate policy)… And all this is what has hurt the dollar in the past, so no reason to upset that applecart… Sell dollars because no one knows how this all stimulus ends, and now we’re just extending the unknown… So, after I signed off and sent the letter for review yesterday morning, the euro began to tick upward, and by the time everyone had arrived at their places with bright shining faces, the euro had climbed to 1.3545.  Recall, I had told you yesterday morning that the euro had fallen below 1.35, but the move was small. That downward movement had been caused by the news this past weekend that Silvio Berlusconi (yes him again!) was pulling his party out of a coalition that would bring the Italian Gov’t down.  A couple of things come to mind after typing that. 1. I’ve been dealing with currencies since 1992. And I’ve been writing about the misadventures, legal problems and scandals of Mr. Silvio Berlusconi since 1992! I can’t believe he has stuck around all this time!   And 2. These Gov’t dissolutions happen all the time in Parliament Governments. And yes, it should have had some negative effects on the euro, but not much. But, as the morning wore on, a whispering campaign began to carry through the markets, that there were defectors from Berlusconi’s plans to withdraw his party.  And the number of defectors would be enough to maintain the current Gov’t. coalition.  And that’s what got the euro started once again. This morning, the euro is trading around that 1.3545 level still, but there are a few other currencies taking up the slack of a weaker dollar… The Aussie dollar (A$) is up more than 1-cent this morning…  The Reserve Bank of Australia (RBA) left rates unchanged, as I suspected they would, and then removed some key verbiage from their statement regarding their concern with the strong A$…  The Swedish krona is outperforming Europe this morning as Sweden reported that September Manufacturing expanded at its fastest pace in more than two years…  The rest of the currencies are falling in behind these two… As far as the A$ is concerned, think about this for a minute… The U.S. Gov’t has begun to partially shutdown. In Japan, PM Abe announced that he was raising sales taxes next year from 5% to 8%…  But in Australia, the RBA leaves rates unchanged and stops dissing the currency… I would think that the spotlight is shining brightly here, as opposed to U.S. dollars and yen…  But remember what I told you that RBC thinks about the RBA and the A$ yesterday… And what the heck is Japanese PM Abe thinking about raising Sales Taxes? Think about that for another minute. Japan has had deflation cast over their economy for two decades, and part of deflation that’s not bad is that prices don’t rise, therefore there’s no impetus to go out and buy stuff now, as the Japanese know that the price will be the same in 6 months from now. So, retail sales stink in Japan, have stunk, do stink, and will continue to stink now that the PM has increased Sales Taxes!  Geez Louise, what’s in the water over there in Japan that makes these guys think like this? OK… had to stop and sing along with the Guess Who, and their great song, These Eyes… But I’m back now… Like I always say, it’s a good thing I’m here by my lonesome in the early morning!  But you have to love that Burton Cummings. And speaking of great things from Canada. The Canadian July GDP report printed yesterday ( I Know! This is so old data!) and printed stronger than expected, fully reversing June’s drop of -.5%…  July printed at +.6%, with a rebound in manufacturing having the greatest affect on the data. I would think that the Bank of Canada (BOC) realizes that June’s drop was a direct result of the Alberta floods, and the July report is a sign of good things to come! I also think that given this quick start to the 3rd QTR for Canada, that we could very well see 3% growth in the 3rd QTR. If that happens, and we won’t know until we’re unwrapping our Christmas presents, we could very well see the BOC return to a rate hike campaign in 2014. We’ve already heard from the Reserve Bank of New Zealand, (RBNZ) which pretty much greased the tracks for a return to a rate hike cycle in 2014.. Old stodgy countries, that are stuck in their ways, their wage requirements, and red tape, can’t improvise, adjust and overcome to the needs of the Emerging Markets like the mid-size industrialized countries can. And with growth being driven by the Emerging Markets as we move along in the decade, that will mean good things for everyone but the Old stodgy countries. You know who I’m talking about! Speaking of Emerging Markets. China printed their September manufacturing index at 51.1%, which is bang on what it was in August, and a bit below the expectations of 51.6%…  China is on their Golden Week holiday this week.  So, that makes the two of the top 3 economies in the world on hold this week. I still believe that China’s economic slowdown is over, and they are primed and ready to explode to the upside again. We’ll have to wait-n-see, eh? I know that many of you read my friend, John Mauldin. Last week John wrote in his weekly letter that he believed that the U.S. dollar would remain the reserve currency for years to come, and end up being more worthy than it is today. He also said that he believed that China would become a reserve currency too. Hmm.  I’ll remind you that John also has called for the collapse of the euro for about 4 years now. So, I tell you this about what he said about the dollar, as my effort to be fair and balanced. But it does make for a good two-way market, eh? You know that I don’t believe in that talk about the dollar being more worthy than it is today in the future. How can that be? Well, he goes about explaining that with the U.S. gaining its energy independence, that the Current Account Deficit will eventually become a Surplus.  But when? And it’s my contention, and I’ve explained it here, and whenever I give presentations these days, that having our Energy Independence isn’t going to help us much when the Chinese demand payment in the form of our Oil reserves, instead of the dollars that the Fed and Treasury have weakened for years. That’s just a thought on how it all plays out, folks, I’m not saying that I know anything that others don’t. And I could be wrong with all this. Let’s hope I am! British pound sterling continues to march to a different drummer these days, and book higher and higher levels VS the dollar. I say that about a different drummer, because the pound and the British economy has been so tied to the U.S. in the recent years. but new Bank of England (BOE) Gov. Carney really lit the fire under pound sterling last week when he said that the economy might not need additional bond buying. Now, that doesn’t mean the bond buying is over for sure here. And should bond buying return, these Happy Days for pound sterling will be a thing of the past. I was talking with my good friend, Charlie Tiano, last night (about baseball of course!) and the conversation switched over to the Gov’t Shutdown. I said that I expected to see a stock sell off and a switch to Treasuries. But this morning, Treasury yields are rising, which would mean that what I described as to what I thought we would see, hasn’t materialized yet.  The other thing I thought we would see is a rise in the price of Gold. That too hasn’t materialized yet. Speaking of Gold. I read on the Bloomberg last night that Hedge funds combined holdings of Gold futures rose the most in September.  I also saw that Gold had its first profitable quarter in a year. The last quarter that saw a rise in the price of Gold was the 3rd QTR of 2012. Last year, the quarterly rise proved to be a false dawn to Gold’s price continuing to rise. Maybe, just maybe, this year will prove to be different, although you know me, I don’t like that saying. (This time it’s different)  I’m just saying, that with the Gov’t shutdown, and worries all around the world, that Gold has a reason to rise. The U.S. data cupboard has the September ISM Manufacturing Index to print for us today. The “experts” believe it will print around 55. which is a good number, and is a direct result of the weaker dollar that we’ve seen in the past couple of months.  But then maybe with the partial Gov’t shutdown, we won’t see any data prints. Which would be fine with me, for you know me, I think they are all garbage these days with all their hedonic adjustments. Before I head to the Big Finish. a long time reader sent me a note yesterday with his thoughts on the Gov’t shutdown. Let’s listen in. “My idea for the Gov’t shutdown is to withhold all pay for Congress, the President and all their staff, until a budget is in place. That should change a lot of hard heads. Imagine how creative, and cooperative they will get once their own salary is sequestered.” My thoughts exactly! For What It’s Worth. I found this on moneynews.com, a sight that I frequent more and more these days. It’s the Fed Reserve president Richard Fisher, you know the guy that owns a truckload of Gold. Let’s listen in to Richard Fisher talk about Big Banks, and the U.S. Gov’t. “Fisher’s solution is not so much to break up the mega banks like Bank of America and JPMorgan Chase as it is to put a firewall between their banking activities and their investment activities. According to his thinking, federal deposit insurance and access to the Fed discount window should only be available to the commercial banking arms of the big banks, while any transaction involving any other segment of their businesses, including their investment arms, “be accompanied with a clear agreement between counterparties that it will never, ever be bailed out by government or the taxpayers.” But would this scenario play out in Washington? “The large financial companies and their proxies are spending millions of dollars to buy congressmen and congresswomen and protect their interests,” he told Euromoney. “You can quote me on that. We will see how that plays out.” Small businesses should be the engine of U.S. growth, but they are being thwarted by lack of direction from Washington, and the fact there has been no federal budget for five years, Fisher explained. Neighboring Mexico has a sounder fiscal policy than the United States, according to Fisher. “Mexico has a balanced-budget rule. Its percentage of debt to GDP is minimal. They get things done. And they have an independent central bank that is truly independent.” Chuck again. OK. I think that my first choice for new Fed Chairman is Bill Bonner, but Richard Fisher is running a close second! To recap. The Partial Shutdown of the U.S. Gov’t has begun, and with it has brought some dollar selling.  This is the first shutdown in 17 years in the U.S. but has been done a number of times in our past, so don’t go all Chicken Little on me here. It’s called negotiating.  The RBA left rates unchanged by also removed some verbiage about concern for the strong A$… And that has pushed the A$ up over 1-cent overnight. Sweden booked a stronger than expected manufacturing index for September, and that has the krona coming in second place in the currency returns overnight. China booked a flat Manufacturing Index, but that doesn’t spook Chuck. Currencies today 10/1/13. American Style: A$ .9425, kiwi .8290, C$ .9705, euro 1.3545, sterling 1.6235, Swiss $ 1.1060, . European Style: rand 10.0585, krone 6.0050, SEK 6.3735, forint 218.65, zloty 3.1225, koruna 18.9250, RUB 32.26, yen 97.80, sing 1.2515, HKD 7.7550, INR 62.46, China 6.1480, pesos 13.12, BRL 2.2165, Dollar Index 80.05, Oil $102.16, 10-year 2.65%, Silver $21.64, Platinum $1,398.25, Palladium $723.16, and Gold.. $1,326.06 That’s it for today.  My beloved Cardinals’ first two playoff game times have been set. 4:07 on Thursday, 12:07 on Friday.  I’m sure there has to be someone out there that I know that has tickets to Friday that won’t be able to get away from work to go to the game and will need someone to use their tickets! I’m your man! Sorry about the later delivery time of the Pfennig yesterday, we had a communication problem. So, do you go to the Pfennig Blog site ever? If not, you should, as you can check out the archives, and respond right there to maybe even start a lively discussion among Blog site readers! Check it out here: www.dailypfennig.com   My marketing people wanted originally to only do the Blog site, and get rid of the email. You should have seen the temper tantrum I threw! So, no worries, now we have both! And two things are better than one! Right?  Tampa Bay Rays beat Rangers in their one-game playoff to play another one-game play-in today VS the Cleveland Indians. Crazy stuff! Our Blues begin their NHL season in a couple of days. Will it be another year of “same old Blues” or will this be the year they finally drink from the Cup?  We won’t know until June, so don’t go all-in right away. And with that, I hope you have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837last_img read more

One of the cool things about the Bible is that it

first_imgOne of the cool things about the Bible is that it contains some very interesting passages that no one seems to read. Understand, please, that I’m neither promoting a literal interpretation of the Bible nor giving you a sermon. I’m just pointing out a fascinating fact that most everyone seems to have missed, religious folks included. In this case, I’m referring to a passage that comes at the very end of the book, where a list is given, itemizing the kinds of people who will be condemned to “the second death.” Who would you expect to stand at the top of the list? Murders? Idolators? Maybe adulterers? Nope, none of those. The first people heading off to destruction are “the fearful.” But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death. Not what you expected? You can look it up if you like. That’s from Revelation 21:8 (King James Version). And I even checked the original Greek: fearful is the right translation. Fear as a Tool of Damnation I’m not going to get into theological engineering here, but yes, this would mean that the promoters of fear are sending people to hell. And, considering that we live in a fear-based culture, that’s an interesting thought indeed. Now, if you want to be truly bold, think about this: Who is it that currently promotes fear? We know the answer, of course. The people who live on fear are the majesties of the age: politicians being chief among them but followed by the entire ‘law enforcement‘ complex, military and intelligence organizations, television news-readers, religious bosses, newspaper operators, and, increasingly, anyone who wants something and has access to the public stage. If the Bible is correct, people who profit from fear are profiting from the destruction (nay, the damnation!) of their fellow men and women. Religion Isn’t Necessary, of Course The conclusion that fear is the enemy of mankind doesn’t require religion, of course. We can reach the same conclusion just by recognizing that fear (and especially the chemicals associated with fear) damage our health. Literally, people who make you fear are making you sick. (We covered this in issue #38 of Free-Man’s Perspective) Beyond that, it is clear that fear is the number one tool of manipulators. If you want to get large numbers of men and women to do your will, scare them. Every tyrant in history has known this and used this technique. What To Do About It First of all, start paying attention to your feelings and notice when things make you afraid. Stop your thinking and pay attention to the whole fear process. If you do, you can deal with most of these attacks quickly, rather than leaving an indistinct fear to roll around the back of your mind all day. Second, start analyzing the words that convey fear to you. Are they really true? Is the response the fear merchants deliver to you really the only course of action? The hard part of doing this is that the words come too fast; by the time you’re ready to analyze one statement, another one is halfway complete. Analyzing them in writing is far easier, or getting a live speaker to slow down and go one phrase at a time. Third, start discounting the people who consistently throw fear at you. If that’s all they have, they’re not worth paying attention to. Turn off the TV; excuse yourself from the conversation; walk away. You don’t have to take it. Finally, start pointing out these things to other people. They may be defensive at first, but isn’t that worth facing, to clear the minds of your friends and family? Why should they suffer under the lash of fear all their lives? Paul Rosenberg FreemansPerspective.comlast_img read more

The 1 Investment I recommend you make right now

first_img “The #1 Investment I recommend you make right now” – Chris Mayer This is a big secret behind some of the world’s greatest stock pickers’ fortunes – but not many people know how to take advantage. In this FREE event, Chris will share this “success formula” with you. Click here for the details and to join this FREE event before it expires. Justin’s note: Today, Casey Research founder Doug Casey and International Man senior editor Nick Giambruno explain why it’s never been more important to diversify your savings. Read on to learn how… Nick Giambruno: For centuries, wealthy people have used international diversification to protect their savings and themselves from out-of-control governments. Now, thanks to modern technology, anyone can implement similar strategies. Doug, I’d like to discuss some of the basic ways regular people can internationally diversify their savings. For an American, what’s the difference between having a bank account at Bank of America and having a foreign bank account? Doug Casey: I’d say there is possibly all the difference in the world. The entire world’s banking system today is shaky, but if you go international, you can find much more solid banks than those that we have here in the US. That’s important, but beyond that, you’ve got to diversify your political risk. And if you have your bank account in a US bank, it’s eligible to being seized by any number of government agencies or by a frivolous lawsuit. So besides finding a more solid bank, by having your liquid assets in a different political jurisdiction you insulate yourself from a lot of other risks as well. America’s “Shadow President”—and how he’s getting rich(er) [not who you might think] Billionaire Peter Thiel has been spotted in Trump’s “NY Whitehouse” and has even been called the “Shadow President” for the influence he wields. He is a heavy backer of a new type of currency that’s already making some people very rich. This has been an opportunity for the average guy to generate “small fortunes,” writes The Economist. $24,955,415,087 have left traditional currencies and gone into this new type of currency. We’ve spoken with dozens of insiders about this phenomenon… including the world’s top investor in this space and members of the “Fed.” Click here for the full story. — Nick Giambruno: Moving some of your savings abroad also allows you to preempt capital controls (restrictions on moving money out of the country) and the destructive measures that always follow. Doug Casey: This is a very serious consideration. When the going gets tough, governments never control themselves, but they do try to control their subjects. It’s likely that the US is going to have official capital controls in the future. This means that if you don’t have money outside of the US, it’s going to become very inconvenient and/or very expensive to get money out. Nick Giambruno: Why do you think the US government would institute capital controls? Doug Casey: Well, there are about $7-8 trillion—nobody knows for sure—outside of the US, and those are like a ticking time bomb. Foreigners don’t have to hold those dollars. Americans have to hold the dollars. If you’re going to trade within the US, you must use US dollars, both legally and practically. Foreigners don’t have to, and at some point they may perceive those dollars as being the hot potatoes they are. And the US government might say that we can’t have Americans investing outside the country, perhaps not even spending a significant amount outside the country, because they are just going to add to this giant pile of dollars. There are all kinds of reasons that they could come up with. We already have de facto capital controls, quite frankly, even though there’s no law at the moment saying that an American can’t invest abroad or take money out of the country. The problem is because of other US laws, like FATCA, finding a foreign bank or a foreign broker who will accept your account is very hard. Very, very few of them will take American accounts anymore because the laws make it unprofitable, inconvenient, and dangerous, so they don’t bother. So it’s not currently against the law, but it’s already very hard. — Recommended Link Recommended Link Nick Giambruno: What forms of savings are good candidates to take abroad? Gold coins? Foreign real estate? Doug Casey: Well, you put your finger on exactly the two that I was going to mention. Everybody should own gold coins because they are money in its most basic form—something that a lot of people have forgotten. Gold is the only financial asset that’s not simultaneously somebody else’s liability. And if your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it—it’s not a reportable asset currently. If you have $1 million of cash in a bank account abroad, you must report that to the US government every year. If you have $1 million worth of gold coins in a foreign safe deposit box, however, that is not reportable, and that’s a big plus. So gold is one thing. The second thing, of course is real estate. There are many advantages to foreign real estate. Sometimes it’s vastly cheaper than in the US. Foreign real estate is also not a reportable asset to the US government. Nick Giambruno: Foreign real estate is a good way to internationally diversify a big chunk of your savings. What are the chances that your home government could confiscate foreign real estate? It’s pretty close to zero. Doug Casey: I’d say it’s just about zero because they can make you repatriate the cash in your foreign bank account, but what can they make you do with the real estate? Would they tell you to sell it? Well, it’s not likely. Also, if things go sideways in your country, it’s good to have a second place you can transplant yourself to. And I know that it’s unbelievable for most people to think anything could go wrong in their home country—a lot of Germans thought that in the ’20s, a lot of Russians thought that in the early teens, a lot of Vietnamese thought that in the ’60s, a lot of Cubans thought that in the ’50s. It could happen anywhere. Nick Giambruno: Besides savings, what else can people diversify? How does a second passport fit into the mix? Doug Casey: It’s still quite possible—and completely legal—for an American to have a citizenship in a second country, and it offers many advantages. As for opening up foreign bank accounts, if you show them an American passport, they’ll likely tell you to go away. Once again, obtaining a foreign bank or brokerage account is extremely hard for Americans today—that door has been closing for some time and is nearly slammed shut now. But if you show a foreign bank a Paraguayan or a Panamanian or any other passport, they’ll welcome you as a customer. Nick Giambruno: The police state is metastasizing in the US. Is that a good reason to diversify as well? Doug Casey: It’s a harbinger, I’m afraid, of what’s to come. The fact is that police forces throughout the US have been militarized. Every little town has a SWAT team, sometimes with armored personnel carriers. All of the Praetorian style agencies on the federal level—the FBI, CIA, NSA, and over a dozen others like them—have become very aggressive. Every single day in the US, there are scores of confiscations of people’s bank accounts, and dozens having their doors broken down in the wee hours of the night. The ethos in the US really seems to be changing right before our very eyes, and I think it’s quite disturbing. You can be accused of almost anything by the government and have your assets seized without due process. Every year there are billions of dollars that are seized by various government entities, including local police departments, who get to keep a percentage of the proceeds, so this is a very corrupting thing. People forget that when the US was founded there were only three federal crimes, and they are listed in the Constitution: treason, counterfeiting, and piracy. Now it’s estimated there are over 5,000 federal crimes, and that number is constantly increasing. This is very disturbing. There is a book called Three Felonies a Day, which estimates that many or most Americans inadvertently commit three felonies a day. So it’s becoming Kafkaesque. Nick Giambruno: Thanks, Doug. Until next time. Doug Casey: Thanks, Nick. Justin’s note: The US government gets bigger, more invasive, and more aggressive by the day. Fortunately, you can take concrete steps to protect yourself from this hostile giant. New York Times bestselling author Doug Casey explains how you can maximize your personal and financial freedom in this new special report. Click here to download the PDF now.last_img read more

In Florida Gov Ron DeSantis signed a bill last w

first_imgIn Florida, Gov. Ron DeSantis signed a bill last week that, if federal authorities give it their go-ahead — still a very big if — would allow his state to import prescription drugs from Canada. That makes Florida the third state to pass such a law, joining Vermont and Colorado. More such legislative attempts are in the works.”There have been 27 different bills proposed across the country this year,” says Trish Riley, the executive director of the National Academy for State Health Policy. “I think that it’s an approach that makes sense to states. It’s something they can do now to help their citizens.”The Trump administration has made bringing down the price of prescription drugs a priority, and politicians at every level are looking for ways to make that happen.Riley says her group didn’t help write the Florida plan, although it met with staff and provided resources and model legislation.”States are very much frustrated by the incredibly high costs of drugs,” she says. “When you’re a state and you have to balance a budget and you pay for so much prescription drugs through your state employee plan, your municipal workers [and] through Medicaid, the cost of drugs really is front and center. So I think this is very much a bipartisan issue of urgency at the state level.”Prescription drugs are often significantly cheaper outside the United States.”Canada negotiates drug prices just like many other countries around the world,” explains Rachel Sachs, a law professor at Washington University in St. Louis who studies prescription drug pricing. “In the U.S., we’ve constructed a system where pharmaceutical companies are able to charge far higher prices because there’s no mechanism to push back — there’s no way to say, ‘We’re not going to pay for that drug unless we get it at a better price.’ “So what exactly is Florida’s plan to import certain drugs from Canada, and how would it work?The Florida law imagines negotiating with the federal Department of Health and Human Services to establish a pilot program to buy these medications from Canada in bulk. “The state would contract with a wholesaler in Canada, who would provide certain high-cost drugs that the state identifies to a wholesaler in Florida,” Riley explains.So Floridian patients who have a prescription for one of those drugs would just go to their pharmacy and pick up their medicine as usual — all the importing from Canada would be happening in the background.The law wouldn’t set up a way for Floridians to order medicines from Canadian online pharmacies themselves or enable them to drive north across the border to get a deal on the drugs. Rather, it’s a big-scale, institutional kind of plan.Would Floridians even notice that their drugs were coming from Canada under this plan?”It’s possible that the ability to purchase drugs for lower prices at the wholesale level translates into lower premiums overall for particular classes of patients or lower prices at the pharmacy for other patients,” says Sachs. “But without more details about the plan, it’s hard to know.”And before Florida’s plan can become a reality, it still needs to clear some major hurdles.First, the state needs to work out a lot of details — such as which Floridians and which drugs the plan would apply to.The next hurdle is a big one: The plan needs to get approved by the federal secretary of health and human services, Alex Azar. Though the authority of the secretary to make such an approval has existed since 2003, no secretary has ever exercised that right. To win approval, Florida needs to show that the drugs it wants to import are safe and that the plan will save the state money.On the safety front, Azar last year cited safety concerns when he, at least initially, dismissed the idea of importing drugs from Canada as a “gimmick,” in a meeting at HHS headquarters with the media and others.”The last four FDA commissioners have said there is no effective way to ensure drugs coming from Canada really are coming from Canada, rather than being routed from, say, a counterfeit factory in China,” Azar said. “The United States has the safest regulatory system in the world. The last thing we need is [to have] open borders for unsafe drugs, in search of savings that cannot be safely achieved.”A pharmaceutical industry group also has been running ads in Florida recently, talking about the dangers of counterfeit drugs. Riley, of the National Academy for State Health Policy, says those sorts of ads are misleading.”I’ve seen those in every state we’re working in,” Riley says. “In fact, this program follows current FDA rules. It will use FDA-registered wholesalers. It will simply follow that same supply chain, those same protections, those same assurances of safety.”Azar also said in that May 2018 speech that he doubted that importing Canadian drugs would save U.S. states or patients money.”[This idea] has been assessed multiple times by the Congressional Budget Office, and CBO has said it would have no meaningful effect,” he said. “One of the main reasons is that Canada’s drug market is simply too small to bring down prices here. They are a lovely neighbor to the north, but they’re a small one. Canada simply doesn’t have enough drugs to sell them to us for less money, and drug companies won’t sell Canada or Europe more, just to have them imported here.”Since those remarks last year, President Trump has urged Azar to work with Florida on its plan.”President Trump and Secretary Azar are firmly committed to getting drug prices down,” HHS spokesperson Caitlin Oakley told NPR in a written statement. “They are both very open to the importation of prescription drugs as long as it can be done safely and can deliver real results for American patients.”Of course, even if Azar has a change of heart, Florida would face another potential obstacle: getting Canadians and pharmaceutical companies to go along with the plan.”They need to find willing suppliers for each of the drugs they’re aiming to import, and that may be more of a challenge than they anticipate right now,” says Sachs, the law professor.Pharmaceutical companies won’t be inclined to cooperate, she says.”They’ll lose money — if it works,” explains Sachs. “There are many things they could do all along the supply chain to ensure that drugs aren’t diverted to the U.S. in the way that Florida wants.”Canada isn’t enthused about the idea either, Sachs says, because Florida’s laws could indirectly drive up the price of some drugs in Canada.When you talk about importing “Canadian drugs,” points out Steve Morgan, a professor of health policy at the University of British Columbia, you’re not actually talking about drugs made in Canada or otherwise especially Canadian. “They’re not actually Canadian drugs,” he says. “They are just international medicines, manufactured typically at one or two plants worldwide to supply the entire market with a particular drug.”If Florida’s Canadian drug importation plan were in place, Morgan says, “given the scale of manufacturing in the United States, if you were buying a drug made by and sold by an American pharmaceutical company, it’s likely you’re literally buying the same product shipped to Canada and then shipped back into the United States.”So are Canadians worried that all 21.3 million Floridians are coming for their cheaper drugs? Not really, according to Morgan.”Canadians feel that the policy is probably not going to result in millions and millions of Americans suddenly getting their drugs from Canada,” he says.”As a consequence of the money to be made by way of being a middleman in the United States, I don’t think you’re going to see institutional purchasers suddenly shopping in Canada,” Morgan adds. “They will be able to get better prices by negotiating continuous discounts right there in the United States.”And maybe that’s the point.Just before Florida’s governor signed the bill last week at The Villages, a large retirement community outside Orlando, he said the law was already making a difference.”It’s interesting,” DeSantis told a room full of Florida seniors who had been invited to witness the signing of the drug bill. “Since we’ve passed this bill, some of the American companies have already come to us saying, ‘Hey, we’re willing to deal and give you better prices’ — already, just for the fact that we have this.”The room broke into applause. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

Shooting at Annapolis Newspaper Leaves 5 Dead Its Journalists Have Been Courageously

first_imgNews and Trends Learn how to successfully navigate family business dynamics and build businesses that excel. Shooting at Annapolis Newspaper Leaves 5 Dead. Its Journalists Have Been Courageously Covering the Attack Ever Since. Add to Queue –shares Next Article Journalists at The Capital Gazette worked out of a makeshift office in a pickup truck to put out Friday’s paper as scheduled. Free Webinar | July 31: Secrets to Running a Successful Family Business 3 min readcenter_img Entrepreneur Staff June 29, 2018 Image credit: Saul Loeb | Getty Images Associate Editor Just before 2:40 p.m. on Thursday, a gunman shot through the glassdoor of the Capital Gazette newsroom in Annapolis, Md. Journalists hid underneath desks as a gunman used a long-arm shotgun to open fire on newspaper employees, killing five and injuring two.Authorities said they responded within one minute of the attack and later confirmed the victims to be assistant editor and columnist Rob Hiaasen, 59; community correspondent and special publications head Wendi Winters, 65; editorial page editor Gerald Fischman, 61; staff writer John McNamara, 56; and sales assistant Rebecca Smith, 34.Journalists initially reported the experience on Twitter. A summer intern at the paper, Anthony Messenger, tweeted, “Please help us,” along with the office address.“There is nothing more terrifying than hearing multiple people get shot while you’re under your desk and then hear the gunman reload,” wrote Phil Davis, a staff reporter covering courts and crime.The attack marked the 154th mass shooting in 2018, according to the nonprofit Gun Violence Archive. That’s nearly one per day so far this year. Reporters, photographers and editors came together after the attack to form a makeshift office in a pickup truck, working out of a local mall parking garage. They successfully put out Friday’s paper with in-depth biographies for each slain colleague. The Capital Gazette’s staff has been covering developments firsthand ever since on the newspaper’s website.“I don’t know what else to do except this,” said staff reporter Chase Cook in a piece written by his colleagues.A Washington journalist started a GoFundMe campaign for the Capital Gazette and staff victims that, at time of writing, had raised almost $123,000 in 19 hours.“Gerald, Rob, Wendi, John and Rebecca will never be forgotten,” said Trif Alatzas, publisher and editor-in-chief of The Capital Gazette’s parent company, The Baltimore Sun Media Group, in a statement on Friday. “They were not only our colleagues but also our friends.” Alatzas said the publications will continue to honor the victims’ memories by supporting staff and continuing their mission to deliver the news.At a Friday news conference, officials called the shooting a coordinated attack and mentioned the rear door of the building had been barricaded.“The fellow was there to kill as many people as he could kill,” said Timothy Altomare, police chief for Maryland’s Anne Arundel County.The Anne Arundel County police department did not respond to a request for comment. Alleged shooter Jarrod Warren Ramos, 38, who had for years tried to unsuccessfully sue the paper for defamation, hid under a desk as police entered the newsroom. He allegedly did not cooperate with police in custody, but authorities were able to use facial recognition technology to identify him. On Friday morning, he was charged with five counts of first-degree murder, and he will be held without bail until his trial date.On Friday, Maryland’s flags were lowered to half-staff. Hayden Field Register Now »last_img read more

Mercedes Pulls US Ad Touting SelfDriving Car

first_img This story originally appeared on Reuters 2 min read Add to Queue 2019 Entrepreneur 360 List Mercedes Pulls U.S. Ad Touting Self-Driving Car Mercedes Benz –shares Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading.Earlier this week, U.S.-based Consumer Reports urged the U.S. Federal Trade Commission (FTC) to scrutinize Mercedes’ “The Future” campaign, which touts the automated driving features available in the new E-Class.”Given the claim that consumers could confuse the autonomous driving capability of the F015 concept car with the driver assistance systems of our new E-Class in our ad ‘The Future,’ Mercedes-Benz USA has decided to take this ad out of the E-Class campaign rotation,” the company said in a statement.The Mercedes-Benz F105 is a fully autonomous self-driving research vehicle which allows passengers to travel without anyone doing the driving.Earlier this week, consumer groups warned car buyers not to rely too heavily on a new generation of cruise control systems, which use computers and sensors to automatically keep in lane and brake, following a fatal crash by a Tesla car operating in “autopilot” mode.The ensuing investigation of the Tesla accident by the U.S. National Highway Traffic Safety Administration (NHTSA) has increased scrutiny of automated driving technology and the marketing claims made by carmakers seeking to push sales.Mercedes said its marketing materials had always made clear that the driver of an E-Class needs to be in control of their vehicle and that technology in the car is designed to assist the driver, not to encourage customers to ignore their responsibilities as drivers.”While the new E-Class has a host of technology that will serve as the building blocks for increasing levels of autonomy, it is not an autonomous vehicle and we are not positioning it as such,” Mercedes-Benz said.Automotive News was first to report that the ad had been withdrawn.(Reporting by Edward Taylor; Editing by Mark Potter and Jane Merriman)center_img The only list that measures privately-held company performance across multiple dimensions—not just revenue. Image credit: Mercedes-Benz July 29, 2016 Next Article Reuters Apply Now »last_img read more

MERGE Creates Analytics OnDemand via Strategic Partnership with Big Chalk Analytics

first_img Big Chalk Analyticsmarketing and technologyMarketing TechnologyMERGENewsPatrick Venetucci Previous ArticleAdform Makes Bid for Industry Consolidation With Launch of Trusted Partner ProgramNext ArticleQualtrics CustomerXM Sees Record Growth As World’s Leading Brands Select Qualtrics to Deliver Breakthrough Experiences Innovative Collaboration to Help Clients Realize the Possibilities of DataMERGE, a premium creative, marketing and technology company, announced that it will offer marketing and business intelligence executives greater data impact by providing on-demand access to over 1,300 analytic talents through an exclusive partnership with Big Chalk Analytics.@mergeworld, a premium creative, marketing and technology company, announced today its partnership with Big Chalk AnalyticsThe partnership, effective immediately, will provide organizations with data analytics and insights tailored to specific business challenges—allowing them to better understand their customers and boost their overall competitive advantage.Now more than ever, organizations have exponentially increasing amounts of data accumulating in real-time. As the market becomes more complex and customers demand a more personalized experience, translating this data into real-time, actionable insights is critical.Marketing Technology News: New Global Report Reveals 9 in 10 Companies See ‘Self-Service’ as the Future for Customers“Understanding customer interactions across all touchpoints remains the #1 challenge for marketers—and too often Big Data yields little meaningful insight,” said Patrick Venetucci, CEO of MERGE. “With Big Chalk Analytics, our clients now have access to world-class analytic specialists capable of generating strategic insights, new idea pathways, and business impact. We’re proud to be a leader in the way the industry delivers data analytics.”“Successfully leveraging data in practical and actionable ways requires analytic rigor, thoughtful interpretation, and sophisticated execution,” said Scott Moore, co-founder of Big Chalk Analytics. “Big Chalk’s data analytic and technological expertise will be naturally complemented by MERGE’s ability to help translate powerful insights into meaningful programs, working collaboratively to overcome operational, organizational and governance hurdles. This partnership is not only a win for both parties but especially so for clients.”Marketing Technology News: Freshworks Joins Hands With OrangeOne Corporation, to Aid Digital Transformation of Businesses in JapanAlongside access to world-class, strategic analytics talent, the On-Demand offering is flexible and data agnostic and offers the opportunity for access to emerging areas of analytic specialization.Marketing Technology News: Crimson Agility Receives Two Nominations from Magento MERGE Creates “Analytics On-Demand” via Strategic Partnership with Big Chalk Analytics Business WireJune 13, 2019, 6:20 pmJune 13, 2019 last_img read more

Researchers discover possible path forward in preventing cancers tied to two viruses

first_imgReviewed by Kate Anderton, B.Sc. (Editor)Nov 12 2018Researchers from the University of Minnesota, the Howard Hughes Medical Institute, and the University of Toronto have discovered a possible path forward in preventing the development of cancers tied to two viruses, including the virus that causes infectious mononucleosis–more commonly known as mono or the “kissing disease”–that infects millions of people around the globe each year.Published in Nature Microbiology, the research focuses on how the Epstein-Barr virus (EBV) and Kaposi’s sarcoma herpesvirus (KSHV) shield themselves from destruction inside the human body.”People infected with EBV or KSHV will have the virus for life,” said Adam Cheng, a Medical Scientist Training Program (MSTP) student at the University of Minnesota Medical School and lead author on the study. “In most cases, the virus will remain dormant. However, sometimes these viruses can reactivate and lead to abnormal, cancerous cell growth. But now, in the wake of our research, data suggests it may be possible to suppress the virus indefinitely.”Related StoriesMetabolic enzyme tied to obesity and fatty liver diseaseBacteria in the birth canal linked to lower risk of ovarian cancerHIV DNA persists in spinal fluid despite treatment, linked to cognitive impairmentUnder ideal conditions, a human DNA enzyme called APOBEC3B is capable of mutating and killing EBV and KSHV as it invades and replicates inside the body. However, researchers discovered that both viruses are able to produce defense proteins–BORF2 and ORF61, respectively–that bind directly to the APOBEC3B enzyme. In doing so, APOBEC3B is unable to mutate and kill the viral DNA and is directed away from sites of virus replication.”Our work suggests that by blocking the virus’s defense proteins, it may be possible to treat mono and prevent the development of cancers caused by EBV and KSHV,” said senior author Reuben Harris, Ph.D. “The viral defense proteins are excellent targets for drug development.”Researchers used CRISPR/Cas9-mediated genome engineering to delete the EBV’s defense protein. Through that process, the human APOBEC3B enzyme was able to mutate the virus, rendering it harmless and unable to replicate in cells.”We are already working hard to extend these results from cells to mice and other complex organisms,” said Harris. “The preliminary data are very promising and we hope to make great strides in future studies.””This is a great example of how an unbiased basic science experiment can lead to novel therapeutic opportunities. We could not have anticipated such an unusual role of BORF2 in disabling APOBEC3B and protecting EBV genomes,” said Lori Frappier, Ph.D., senior author on the study and professor at the University of Toronto. Source:https://twin-cities.umn.edu/news-events/research-brief-new-strategy-discovered-toward-possible-prevention-cancers-tied-monolast_img read more

New review on the epidemiology of various parasitic diseases in Malaysia

first_imgReviewed by Alina Shrourou, B.Sc. (Editor)Jun 29 2019Malaysia is facing many challenges caused by various parasitic pathogens. The lack of awareness among disadvantaged populations such as the Orang Asli community and the dependency on foreign workers has led to an influx of immigrants to Malaysia from countries endemic with various parasitic diseases. Amoebiasis is mainly encountered in poor rural areas in Malaysia, however it has the potential to re-emerge. Routine mass-drug administration on newly arriving foreign workers and health education programs are needed to prevent its re-emergence.Researchers from MAHSA University in Malaysia have published a review on the epidemiology of various parasitic diseases in the country over the last 20 years. The report has been published in The Open Microbiology Journal. The report stresses that Malaysian authorities must implement strategies that provide better water treatment to avoid the emergence of blastocystis. Lymphatic filariasis has the potential to re-emerge due to its easy mode of transmission as well as the presence of a large number of immigrant workers in Malaysia from endemic countries. To prevent the emergence of giardiasis in Malaysia, a multidisciplinary approach is required to determine the level of water contamination with Giardia as well as Cryptosporidium. The epidemiology of malaria is becoming more complex in Malaysia. There is a shift towards infections among men and adults rather than women and children. Therefore, the ministry of health should raise public awareness and the use of point-of-care diagnostics.Malaysia harbors a large variety of ecological niches that favor the transmission of Toxoplasma spp. Which has led to an increase in the incidence of toxoplasmosis. Therefore, surveillance programs should be initiated to facilitate early diagnosis and treatment. The existence of human trypanosomiasis from neighboring Thailand and reporting cases in cattle from neighboring Indonesia, can all lead to its emergence in Malaysia. Parasitic infectious diseases will continue to appear in Malaysia leading to unpredictable outbreaks that challenge healthcare personnel and emphasize the urgent need for effective surveillance and control measures. Despite the challenges, Malaysia is strongly committed to curb the spread of these diseases. Source:Bentham Science PublishersJournal reference:Alasil, S.M. & Abdullah, K.A. (2019) An Epidemiological Review on Emerging and Re-Emerging Parasitic Infectious Diseases in Malaysia. The Open Microbiology Journal. doi.org/10.2174/1874285801913010112.last_img read more

Training artificial intelligence with artificial Xrays

first_img Provided by University of Toronto “We’ve been able to show that artificial data generated by a deep convolutional GANs can be used to augment real datasets,” says Valaee. “This provides a greater quantity of data for training and improves the performance of these systems in identifying rare conditions.” The MIMLab compared the accuracy of their augmented dataset to the original dataset when fed through their AI system and found that classification accuracy improved by 20 per cent for common conditions. For some rare conditions, accuracy improved up to about 40 per cent—and because the synthesized X-rays are not from real individuals the dataset can be readily available to researchers outside the hospital premises without violating privacy concerns.”It’s exciting because we’ve been able to overcome a hurdle in applying artificial intelligence to medicine by showing that these augmented datasets help to improve classification accuracy,” says Valaee. “Deep learning only works if the volume of training data is large enough and this is one way to ensure we have neural networks that can classify images with high precision.” Artificial intelligence (AI) holds real potential for improving both the speed and accuracy of medical diagnostics. But before clinicians can harness the power of AI to identify conditions in images such as X-rays, they have to ‘teach’ the algorithms what to look for. Citation: Training artificial intelligence with artificial X-rays (2018, July 6) retrieved 18 July 2019 from https://phys.org/news/2018-07-artificial-intelligence-x-rays.html Explore further On the left of each quadrant is a real X-ray image of a patient’s chest and beside it, the syntheisized X-ray formulated by the DCGAN. Under the X-ray images are corresponding heatmaps, which is how the machine learning system sees the images. Credit: Hojjat Salehinejad/MIMLab This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Identifying rare pathologies in medical images has presented a persistent challenge for researchers, because of the scarcity of images that can be used to train AI systems in a supervised learning setting.Professor Shahrokh Valaee and his team have designed a new approach: using machine learning to create computer generated X-rays to augment AI training sets.”In a sense, we are using machine learning to do machine learning,” says Valaee, a professor in The Edward S. Rogers Sr. Department of Electrical & Computer Engineering (ECE) at the University of Toronto. “We are creating simulated X-rays that reflect certain rare conditions so that we can combine them with real X-rays to have a sufficiently large database to train the neural networks to identify these conditions in other X-rays.”Valaee is a member of the Machine Intelligence in Medicine Lab (MIMLab), a group of physicians, scientists and engineering researchers who are combining their expertise in image processing, artificial intelligence and medicine to solve medical challenges. “AI has the potential to help in a myriad of ways in the field of medicine,” says Valaee. “But to do this we need a lot of data—the thousands of labelled images we need to make these systems work just don’t exist for some rare conditions.”To create these artificial X-rays, the team uses an AI technique called a deep convolutional generative adversarial network (DCGAN) to generate and continually improve the simulated images. GANs are a type of algorithm made up of two networks: one that generates the images and the other that tries to discriminate synthetic images from real images. The two networks are trained to the point that the discriminator cannot differentiate real images from synthesized ones. Once a sufficient number of artificial X-rays are created, they are combined with real X-rays to train a deep convolutional neural network, which then classifies the images as either normal or identifies a number of conditions. Professor Shahrokh Valaee (ECE, at left) and PhD candidate Hojjat Salehinejad are using machine learning to create simulated chest X-ray images to train AI systems to identify rare pathologies. Credit: Jessica MacInnis Artificial intelligence may help diagnose tuberculosis in remote areaslast_img read more

French firm refurbishes earnings via old iPhones

first_imgThis year, Remade intends to put 800,000 overhauled iPhones back on the market, at a discount of at least 25 percent off the as-new price.”An iPhone can have three lives, it can be refurbished twice, it’s the strongest product with the longest life,” says Millet.Cheaper Chinese smartphone brands have a stronghold in the developing world, and are seen as especially disposable. Apple and Samsung have been touting their environmental credentials, but the production process inevitably carries a cost.That include carbon emissions along with environmental degradation from the extraction of raw materials such as the metal cobalt, used in lithium-ion batteries, much of it sourced from mines in the Democratic Republic of Congo. Erwann Fangeat, an engineer at the French Environment and Energy Management Agency, praised operations like Remade. Boxes for refurbished iPhones at the “Remade” plant, where high-end mobiles are reconditioned, in Poilley, northwestern France. ‘Three lives’ Bigger, pricier iPhone expected at Apple event Wednesday One company in northern France is doing its profitable best to give an environmental makeover to smartphones, whose circuitry, batteries and plastics have become a polluting blight over the past decade. With their rapid life cycles and—for the cheaper brands—falling prices, many mobiles have become disposable items for consumers keen to move on to the latest model.But out of a large warehouse staffed by white-coated workers in Normandy, the Remade company is embracing a different approach, reconditioning thousands of Apple iPhones every day under the entrepreneurial eye of its 39-year-old boss, Matthieu Millet.He is “Matthieu” to his staff, wears jeans and sneakers, and has installed a piano in the company lobby, bringing a touch of Silicon Valley start-up culture to this windswept pocket of France facing England.Aged just 23, he bought out the TV repair business he worked for at the time and, in 2014, spotted the potential for refurbishing iPhones to tap into a market where even second hand, Apple products command a premium price.Remade—its avowedly English name another nod to US tech—reported turnover of 23 million euros ($26 million) in the first year it began overhauling iPhones.Last year that had swelled to 130 million euros and Millet is adding 200 jobs to the workforce of 850, banking on “very strong growth” this year. Remade, a company in northern France, is making a profit by reconditioning older iPhone models © 2018 AFP The new iPhone XS and XS Max costs upwards of $1,000/euros This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. “We know how to disassemble everything, reassemble everything. The product must not only work, it must work perfectly as intended,” he said. The old phones are shipped in from telecom operators not just in Europe but the United States, whose customers have upgraded to newer models.Environmentalists complain that the spent phones all too often get dumped in landfills in the West, or farmed out to regulation-light parts of Africa and Asia where workers are forced to breathe in toxic fumes as they extract and recycle the raw materials built into the devices.Since the first iPhone’s debut in 2007, 7.1 billion smartphones have been produced worldwide but less than 20 percent of all “e-waste” including phones is recycled, according to Greenpeace.That represents a business opportunity for the likes of Millet, who is cashing in as a new top-of-the-range iPhone XS series tops 1,000 dollars/euros. Explore further “The product life of a smartphone is at least five or six years but 88 percent of French people change their smartphone while the old one still works and has value,” he said.”The longer you extend the life of the product, the more it reduces its environmental impact because it delays the fabrication of a new smartphone,” he added, noting that refurbishing an iPhone emits 90 percent less carbon dioxide than making one from scratch.That offers Millet another way to cash in, via the European Union’s “cap and trade” emissions scheme, which gives greener companies a market to sell leftover carbon credits to more polluting concerns.He hopes to obtain 100,000 tonnes of carbon credit this year, translating into millions extra for Remade’s bottom line.”I’m not Greenpeace,” an unapologetic Millet said.”But it makes me happy to have this (business) model, to know that it’s good for people and the planet.” Citation: French firm refurbishes earnings via old iPhones (2018, November 13) retrieved 17 July 2019 from https://phys.org/news/2018-11-french-firm-refurbishes-iphones.html The first Apple iPhone, launched in 2007 and the iPhone X, launched 10 years after.last_img read more

Singapores fake news laws upset tech giants

first_imgA government decision can also be appealed to the courts.’Courts will decide’K. Shanmugam, law and home affairs minister, said in a Facebook post that “the proposed law targets false statements of fact—not opinions, not criticisms.”Ultimately, disagreement over truth and falsity will be decided by the courts”.Google, Facebook and Twitter have their Asia headquarters in Singapore, a city of 5.6 million which is popular with expats as it is developed, safe and efficient.But there were already signs of tensions with tech companies as the government prepared to unveil the laws. During parliamentary hearings last year about tackling online falsehoods, Google and Facebook urged the government not to introduce new laws. Tech giants have reacted with horror after Singapore proposed laws against “fake news” allowing authorities to order the removal of content and impose hefty fines, in what critics say is an assault on free speech. The Singapore government unveiled a bill last week containing tough measures to tackle “fake news”, prompting warnings from tech giants and rights groups Critics say one of the most worrying aspects of the “fake news” legislation is that it is up to authorities to decide what is false Citation: Singapore’s ‘fake news’ laws upset tech giants (2019, April 7) retrieved 17 July 2019 from https://phys.org/news/2019-04-singapore-fake-news-laws-tech.html Facebook, Google warn Singapore against ‘fake news’ law The government unveiled a bill last week containing tough measures, including powers for ministers to order social media sites like Facebook to put warnings next to posts authorities believe to be false and in extreme cases take them down.If an action is deemed malicious and damaging to Singapore’s interests, companies could be hit with fines of up to Sg$1 million ($740,000). Individuals could face jail terms of up to 10 years.Authorities in the tightly-controlled country—long criticised for restricting civil liberties—insist the measures are necessary to stop the circulation of falsehoods which could sow divisions in the multi-ethnic city-state.But press freedom groups condemned the proposals, saying they could stifle online discussion, as did tech companies which have big investments in the ultra-modern city. “As the most far-reaching legislation of its kind to date, this level of overreach poses significant risks to freedom of expression and speech,” said the Asia Internet Coalition, an industry association whose members include Facebook, Google and Twitter. Simon Milner, Facebook’s vice president of public policy in Asia-Pacific, said the social media giant was concerned about potentially being compelled to remove content. “Giving people a place to express themselves freely and safely is important to us and we have a responsibility to handle any government request to remove alleged misinformation carefully and thoughtfully,” he said in a statement. Explore further © 2019 AFP The internet is a relatively free space in Singapore and there are some local alternative news sites, which are typically more critical of the authorities than the traditional, pro-government newspapers and TV. Singapore is among several countries pushing legislation to fight fake news, and the government stressed ordering “corrections” to be placed alongside falsehoods would be the primary response, rather than jail or fines. The government unveiled the bill last week, proposing tough measures to combat “fake news” In November, Facebook refused a request to remove an article linking Singapore to a financial scandal in Malaysia which the government said was untrue—prompting the law ministry to say the firm “cannot be relied upon to filter falsehoods”.Critics say one of the most worrying aspects of the new legislation is that it is up to authorities to decide what is false and what is not. While authorities insist decisions can be appealed, Kirsten Han, the Singapore-based editor of regional news site New Naratif, said most people do not have the resources or will to fight the government.”Even if you are convinced that your Facebook post is in the right, how many average Singaporeans would appeal to the minister, and then spend thousands of dollars to hire a lawyer and file an application in the court?” she told AFP. Human Rights Watch has described the bill as “sweepingly broad” while critics note Singapore already has tough laws against sedition, defamation and disturbing racial harmony, that can be used to police the web.But it is not yet clear how the legislation—which is likely to pass easily through the ruling party-dominated parliament—will be used in practice, and some believe authorities will wield it cautiously.”I think that the government will be very careful in their implementation of the law,” said Professor Ang Peng Hwa, from the Wee Kim Wee School of Communication and Information in Singapore.”I think, in general, there’s a very high level of trust in the government and its institutions by foreign entities, and so I don’t see them… being too trigger-happy about the implementation of this bill.” This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. 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Induction of Congress MLAs into BJP is death of Parrikars legacy Vijai

first_img Next Induction of Congress MLAs into BJP is death of Parrikar’s legacy: Vijai SardesaiOutgoing Deputy CM of Goa Vijai Sardesai said the induction of ten MLAs of Congress into BJP was the “death of the legacy” of late CM Manohar Parrikar.advertisement Press Trust of India PanajiJuly 13, 2019UPDATED: July 13, 2019 19:03 IST HIGHLIGHTSGoa Congress suffered a body blow on Wednesday when 10 of its 15 MLAs switched over to BJPSubsequently, CM Sawant dropped four ministers — three of Goa Forward Party, including Vijay Sardesai, from his cabinetSardesai also announced that Goa Forward Party was “withdrawing” its support to the BJP-led governmentOutgoing Deputy Chief Minister of Goa Vijai Sardesai on Saturday said the induction of ten MLAs of the Congress into the BJP was the “death of the legacy” of late chief minister Manohar Parrikar – the tallest saffron leader in the coastal state credited for forming the coalition government in 2017 by bringing together regional parties.The Congress in Goa suffered a body blow on Wednesday when 10 of its 15 MLAs switched over to the BJP, a development that raised the ruling stock in the 40-member House to 27.Subsequently, Chief Minister Pramod Sawant dropped four ministers — three of the Goa Forward Party (GFP), including Sardesai, and one Independent — from his cabinet.”Parrikar died twice…once on March 17 physically while today it is the death of his political legacy,” Sardesai told a gathering held near Parrikar memorial at Miramar.Meanwhile, Sardesai also announced that the Goa Forward Party (GFP) was “withdrawing” its support to the BJP-led government.He alleged that the ruling government wanted to finish Parrikar’s legacy, which won’t be allowed.”We supported the Pramod Sawant government because I had given my word to Parrikar that the support to the government will continue in any circumstances. We now feel cheated and ditched by the NDA,” he said.Sardesai reiterated that he had not recieved any communication from Central leaders of the BJP.”The central leadership of the BJP has lost its face. The NDA has ditched their partners,” he said.ALSO READ: 3 Congress rebels, one BJP MLA sworn in as Goa MinistersALSO READ: Hours before Goa Cabinet reshuffle, CM Pramod Sawant drops four ministersFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted bySanjay Niralalast_img read more

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