Fire rips through occupied Ramonaarea home

first_img Posted: November 12, 2018 Categories: Local San Diego News, Wildfires Fire rips through occupied Ramona-area home November 12, 2018 Updated: 4:06 PM KUSI Newsroom RAMONA (KUSI) – A resident escaped injury when a back-country home near Mount Woodson caught fire Monday, officials said.The blaze erupted shortly after 1 p.m. in the 16000 block of Salida del Sol in Ramona. It took firefighters about 40 minutes to subdue the flames, according to Cal Fire.The one resident who was in the house at the time was able to get out safely, said Jon Heggie, a fire captain with the state agency.Though the blaze broke out during a period of heightened weather- related wildfire danger, ground crews and personnel aboard firefighting aircraft were able to keep the flames from spreading to nearby vegetation, Heggie said.No injuries were reported.The cause of the fire was under investigation.This is a developing story, please check back for more updates. KUSI Newsroom, FacebookTwitterlast_img read more

Sams Club Reportedly Closing All Alaska Locations

first_imgKTUU reported that security guards were stationed outside the front entrances of each store letting people know of the closure. and stating that the stores closed today in order to conduct meetings with associates and staff. The Walmart official said it was too soon to know how many jobs would be eliminated with the Sam’s Club closures. He said some employees would be re-hired at other Walmart locations or at the newly created e-commerce distribution sites. The official said at least eight stores closed Thursday and the rest would shutter in the coming weeks. The official spoke on condition of anonymity because he was not authorized to discuss details of the decision publicly. Update- 11:00 AMA Walmart official says the company is closing 63 Sam’s Club stores across the country. About 10 of those stores will be repurposed into e-commerce distribution sites. Facebook0TwitterEmailPrintFriendly分享Last updated on January 12th, 2018 at 02:17 pmUpdate- 5:30 PMAccording to KTUU-TV, the Sam’s Club stores in Alaska are set to reopen tomorrow at 10 a.m., and will remain open until their official closing date of January 26. Sam’s Club released the following statement on their Twitter account stating: After a thorough review of our existing portfolio, we’ve decided to close a series of clubs and better align our locations with our strategy. Closing clubs is never easy and we’re committed to working with impacted members and associates through this transition. Additional details will be posted as they are made available. The closures came on the same day that Walmart announced it would boost its starting salary for U.S. workers to $11 an hour and hand out one-time cash bonuses. According to KTVA-TV a viewer said he visited an Anchorage Sam’s Club location this morning for before-hours business shopping and found security officers turning customers away at the door. Original Story: All Sam’s Club stores throughout the state are reportedly closed effective immediately without notice to the public. According to numerous reports the stores’ official closure date is January 26, with their pharmacies serving customers until that date.last_img read more

Time Inc names Jeff Bairstow as new EVP CFO

first_imgTime Inc. CEO Joe Ripp announced a key executive hire today. Jeff Bairstow, president of Digital First Media, will be on boarded as the company’s new EVP and CFO.Bairstow will replace outgoing EVP and CFO Howard Averill who is leaving his post for parent company Time Warner as CFO.Bairstow and Ripp have a history, previously working together at pharmaceutical company Dendrite International, Inc. For the last two years, Bairstow has been president of Digital First Media, orchestrating strategies for its core media brands to extend their reach across all platforms. Ripp is counting on this experience as an asset for Time Inc. as it circles its IPO. In March, Time Warner abruptly halted talks with Meredith about a joint venture and announced it would spin off Time Inc. as a separate publically traded company. Former CEO Laura Lang stepped down and Ripp was brought on board as CEO. “We are well positioned in every way: ad revenue, circulation, digital footprint, editorial excellence and cultural influence,” Ripp said in a memo to employees. “I return to Time Inc. knowing we have what we need to move the company forward.”Bairstow officially starts on September 3.  Here is the full memo Ripp sent to Time Inc. employees: August 5, 2013 To:       Time Inc. EmployeesFrom:   Joe RippRe:       Jeff Bairstow Named EVP and CFO of Time Inc.  I am incredibly excited to be coming back to Time Inc., and I look forward to getting to know all of you in September. I am also delighted that in my first staff memo I can announce the hiring of a new key member of our management team: Jeff Bairstow, President of Digital First Media, will be joining us on September 3 as Executive Vice President and Chief Financial Officer. Jeff’s appointment comes as Howard Averill begins his new role at Time Warner.  Jeff will assume all of Howard’s responsibilities and direct reports.  I have a long relationship with Jeff and believe he is the ideal person to help guide us as we prepare to become a public company. His intimate knowledge of the digital transformation at play in the media business and his strong public-company financial expertise will be key assets as we shape our independent future. For the past two years, Jeff has been President of Digital First Media (DFM), a leader in news and information, which operates 21st Century Media properties (formerly Journal Register Company), Media News Group and Digital First Ventures. At DFM, Jeff was known as an executive with a deep understanding of the company’s core media brands, and he was one of the architects of its strategy to extend DFM’s reach across all platforms, ultimately growing digital revenues by more than 50 percent. I originally brought Jeff to the company as Chief Financial Officer for Journal Register in 2010. We first worked together at Dendrite International, Inc., when he was Chief Financial Officer of the publicly traded pharmaceutical services company. His impeccable judgment and ability to manage relationships with the company’s investors figured strongly in Dendrite’s robust performance for its shareholders. I have every confidence he will be as impressive an executive at Time Inc. I hope you will join me in giving Jeff a very warm welcome in September. I see great prospects ahead for us. We are well positioned in every way: ad revenue, circulation, digital footprint, editorial excellence and cultural influence. No other company has the kinds of brands we have. I return to Time Inc. knowing we have what we need to move the company forward. We will be setting our own course. It’s an exhilarating opportunity and one we will seize quickly. I’ll be counting on your continued dedication. Much more to come soon. Joelast_img read more

Demonetisation Media multiplexes films will suffer says IDBI Capital Markets

first_imgThe almost-certain economic slowdown induced by demonetisation of high-value currencies is set to affect the media and entertainment sectors, according to an update by IDBI Capital Markets & Securities.For the media, the hit will be in the form of lesser advertisements next month and in the last quarter of the current fiscal. “No significant impact on advertisement revenue has been visible as the inventory was already sold. The actual impact to be visible over the next month and Q4FY17,” the brokerage said in a note on Thursday.A similar fate awaits Hindi films, impacting producers as well as cinema halls where two latest releases, Rock On 2 and Force 2 are being shown.”Multiplexes have seen impact of decline in footfalls for movies like Rock On 2 and Force 2. This is likely to have impacted both the box-office collection and F&B sales. We expect 15-20 percent impact on footfalls due to decline in cash transactions. We believe that this should ease in December with the improvement of content. Impact on smaller film producers to be felt over the next three-six months,” IDBI Capital Markets & Securities said.It reiterated what many other analysts have said on the negative impact of demonetisation on the real estate sector.”Secondary market is frozen since the date of event. Unsold inventory could lead into price correction. However, they are very property specific. The impact on private real estate players is very negative,” it added.Share prices of listed multiplexes have dropped ever since the November 8 “surgical strike.” PVR slipped from Rs 1,284 (as on November 8) to close 10.90 percent lower at Rs 1,144 on Thursday, while Inox shares have lost 8.57 percent from Rs 245 apiece to Rs 224 on Thursday during the comparable period.Eros International Media closed at Rs 155, a loss of 15.3 percent from its November 8 closing of Rs 183. The company is into film production and distribution in India and abroad.last_img read more

In Pics 10 Times Nita Ambani gave us absolute bosswoman vibes

first_imgWe had recently shown you how Mukesh Ambani’s wife Nita Ambani looks like a vision in traditional outfits. Be it her daughter Isha Ambani’s wedding festivities or her son Akash Ambani’s lavish wedding, it was difficult to take our eyes-off Mrs Ambani. Woman of substance, elegance, charisma and charm; Nita Ambani has always emerged as a head-turner at every event.Renowned floral designer Tomas De Bruyne, who had designed Isha Ambani’s wedding set-up, had spoken about the Ambani wedding, in an interview with ET. He said, “We did something called the ‘Rolling Hills’. That was one of the most fun installations we did. They called me in for my sense of colour.” He also seemed to be in awe of the host Mrs Nita Ambani as he said, “I liked the grace, etiquette and pureness of Mrs [Nita] Ambani. She definitely knows what she wants, which is good.”Not just in the business world, even in the film fraternity, celebs are in awe of Mrs Ambani. From Ranbir Kapoor to Shah Rukh Khan; Bollywood shares a warm camaraderie with Nita Ambani. Nita Ambani is the Chairperson of the Reliance Foundation. Apart from this, Nita is also the board member of Reliance Industries and East India Hotels. She also owns the IPL team Mumbai Indians and is the Founder and Chairperson of Dhirubhai Ambani International School.Let’s take a look at 7 times Nita Ambani gave us the boss-woman vibes with her stylish attire.last_img read more

Cognizant plans another round of layoff defers campus hiring

first_imgCognizantWikiMedia CommonsAfter firing a considerable number of its employees, IT major Cognizant is planning another round of layoffs. As per a report published in Financial daily, the Economic Time, Cognizant is ready to fire a few hundred as a part of the restructuring that is aimed at reducing cost. Moreover, the company is exploring more ways to further cut down on cost.The US-headquartered company is under the process of restructuring which is targeted at spurring growth and lowering cost. Further, the company is also boosting the variable pay components of salaries which will result in cost-cutting. One of the sources close to the development said, “It is part of the appraisal process; it is getting stricter. If you were a marginal performer or have not been allocated (a project), then they would look at beginning a separation process.”Cognizant Technology Solutions CorpReutersThe employees having experience more than eight years are expected to be targeted. The exact figure to be fired is still under evaluation and would depend on growth registered in this quarter. It is to be noted that the company has already suspended non-essential travel to save costs. Cognizant cut down its revenue growth forecast earlier this year and submitted that its hiring has overtaken revenue growth which eventually led to lower margins. As per Cognizant’s annual report for 2018, the company has around 281,600 employees at the end of 2018, with 194,700, or 69%, in India. Globally, the Cognizant had 288,200 headcounts as of June 30, 7 per cent more than 268,900 a year ago.The company, which has guided for the lowest growth in its history for this calendar year, had given voluntary separation package to around 400 senior executives in 2017 as part of its cost optimisation measures. Additionally, the New Jersey-based company is also delaying the joining date of the freshers and other new employees hired. The second person added,”The joining dates are being calibrated to ensure that utilisation is maintained. There is a strong focus on cost control.”However, the company’s spokesperson has said that it has started to dispatch joining letters since June this year. “We have already on-boarded several thousand students who are currently undergoing training in Cognizant Academy, and the rest will be onboarded in a staggered fashion, as is the process every year. Cognizant has a long history of honouring all campus offers and there is no reason to believe that this year will be any different,” the spokesperson added.last_img read more

BGB member goes missing in Teesta

first_imgA member of Border Guard Bangladesh (BGB) went missing in the Teesta River while chasing smugglers in Patgram upazila of Lalmonirhat early Tuesday, reports news agency UNB.The victim was identified as Lance Nayek Sumon Hawladar, 42, son of Hekim Ali of Habiganj district.Tipped off, a team of BGB men went to the bordering area near pillar No 144/3 in the upazila and chased a group of smugglers around 2:30 am, said commanding officer Lt Col Golam Morshed of Lalmonirhat BGB-15 Battalion.At one stage, Sumon slipped into the river and went missing, he said.A BGB rescue team launched a rescue operation to trace Sumon.last_img

3 teenage boys held over bank official murder

first_imgMembers of Police Bureau of Investigation in a drive detained three teenage boys from different areas of the city in connection with murder of bank official Sajal Nandi.The detainees are Chiku, Joy and Prateek, all aged between 16-18.Sadwip Kumar Dash, inspector of PBI, said the three detainees are friends of the victim’s son. Among them, Joy passed the HSC examination from a college in the city and Chiku and Prateek are school students.On 27 May, police recovered throat-silt body of Sajal, 48, cash officer of Rupali Bank, from his residence at Dhoppur area under Bandar police station of the city.Later, his elder brother Swapan Nandi filed a case.last_img

UPDATE New Details Emerge About Deadly Shootings In Capital Gazette Newsroom

first_imgMark Wilson/Getty Images/Via NPRLynne Griffin pays her respects at a makeshift memorial outside the Capital Gazette offices, one day after a gunman killed five people in its newsroom. Griffin was a journalism student under John McNamara — one of the people killed Thursday.The man charged with murdering five people in the Capital Gazette newsroom in Annapolis, Md., on Thursday had previously been investigated over threatening comments toward staff members, Anne Arundel County Police Department Chief Tim Altomare said Friday.In 2013, a detective had looked into the threatening remarks made by Jarrod Ramos, who was angry over coverage of him in The Capital newspaper, and spoke to representatives of Capital Gazette. No charges were filed — a decision that Altomare said was made out of “a fear that doing so would exacerbate an already flammable situation.”That was one of several details to emerge in a news conference on Thursday’s shooting. Other revelations include the fact that police used a facial recognition system to help confirm Ramos’ identity. Altomare also said the suspect had tried to hide as officers cornered him roughly two minutes after the first 911 call came in.“I think fight or flight kicks in,” Altomare said of the suspect. “I don’t know why, but flight won.”Word that police used facial recognition emerged after some news outlets reported that Ramos might have damaged or altered his fingerprints — reports that police said were inaccurate. On Friday, Altomare said police ran the suspect’s prints but “we had lag getting answers” from the computer system.Because of the delay, police turned to facial recognition, the police chief said.The suspect charged into the Capital Gazette offices and used a pump-action shotgun that Altomare said was “legally purchased a year or so ago” to kill five staff members and injure two others on Thursday. In Maryland, shotgun sales are not regulated by state law and only require filling out a federal form and passing the FBI’s National Instant Criminal Background Check System.The gunman also had barricaded the rear doors of the news company’s building — an apparent attempt either to keep victims from fleeing or to keep police out, Anne Arundel State’s Attorney Wes Adams told reporters Friday.“The fella was there to kill as many people as he could get,” Altomare said.Police have carried out searches of Ramos’ apartment and car.“We did find evidence at the residence,” Altomare said, adding that investigators had found signs that Ramos had planned the attack.Even in light of Ramos’ animosity toward the newspaper, Altomare said, “We can’t fathom why that person chose to do this.”In 2012, Ramos, 38, sued the news group for defamation, based on The Capital‘s coverage of a criminal harassment case against him. His suit was dismissed — but in the years since, he repeatedly used social media to defend himself and to go after The Capital’s journalists.Ramos, who is facing five counts of first-degree murder, was denied bail at a hearing Friday.Vigils for the victims and their families are scheduled to be held in Annapolis on Friday night. Maryland Gov. Larry Hogan has ordered the state flag to be lowered to half-staff until Monday in their memory.Governor Larry Hogan today released the following statement ordering Maryland flags to be lowered to half-staff to honor the victims of the shooting at the offices of the Capital Gazette in Annapolis on June 28: pic.twitter.com/nmngvhmv5b— Governor Larry Hogan (@GovLarryHogan) June 29, 2018“There is no amount of clarity that will ever explain or nullify the pain that comes with losing so many lives for so little reason,” Hogan said in a statement Friday morning. He added, “journalism is a noble profession upon which our democracy depends, and we will fight to defend it.”“The Capital Gazette is my hometown paper,” the governor said.By Chase Cook, Phil Davis, Selene San Felice, E.B. Furgurson III, Rachael Pacella, Danielle Ohl, Joshua McKerrow, Paul W. Gillespie, David Broughton and Bob Hough.https://t.co/ybmrUBZmYK— Capital Gazette (@capgaznews) June 29, 2018With the help of its sister publication The Baltimore Sun, the newspaper was able to report on its own tragedy, publishing a Friday edition devoted to the attack that turned its newsroom into a crime scene.It was “a horrific shooting,” President Trump said shortly after noon on Friday.“Journalists, like all Americans, should be free from the fear of being violently attacked while doing their job,” Trump said.He added, “My government will not rest until we have done everything in our power to reduce violent crime and to protect innocent life.”_____APSteve Schuh, county executive of Anne Arundel County, holds a copy of The Capital Gazette near the scene of a shooting at the newspaper’s office, Friday, June 29, 2018, in Annapolis, Md. A man armed with smoke grenades and a shotgun attacked journalists in the building Thursday, killing several people before police quickly stormed the building and arrested him, police and witnesses said. (AP Photo/Patrick Semansky)The gunman accused of killing five people in a vendetta against a Maryland newspaper barricaded the rear exit to prevent anyone from escaping and blasted his way through the newsroom with a pump-action shotgun, cutting down one victim trying to slip out the back, authorities said Friday.“The fellow was there to kill as many people as he could,” Anne Arundel County Police Chief Timothy Altomare said as Jarrod W. Ramos, 38, was charged with five counts of murder in one of the deadliest attacks on journalists in U.S. history.Ramos’ long-held grudge against the Capital Gazette included a string of menacing online messages and a failed defamation lawsuit over an article about him pleading guilty to harassing a woman. Police looked into the online threats in 2013, but the paper declined at the time to press charges for fear of inflaming the situation, Atltomare said.“There’s clearly a history there,” the police chief said.Ramos was denied bail Friday after a brief court hearing in which he appeared by video, watching attentively but not speaking. Authorities said he was “uncooperative” with interrogators. He was placed on a suicide watch in jail. His public defenders had no comment outside court.Three editors, a reporter and a sales assistant were killed in the Thursday afternoon rampage.The bloodshed initially stirred fears that the recent barrage of political attacks on the “fake news media” had exploded into violence, and police reacted by tightening security at news organizations in New York and other places. But by all accounts, Ramos had a specific, longstanding grievance against the paper.____Trump Offers Rare Support To Journalists12:45 p.m.President Donald Trump has offered a rare statement of support for journalists after a gunman fatally shot five people at the Capital Gazette newspaper in Annapolis, Maryland.He said Friday at the White House that “journalists, like all Americans, should be free from the fear of being violently attacked while doing their jobs.”It was a striking comment from Trump, who routinely calls the reporters who cover him “fake news” and “liars” and labels them “enemies of the people.”A gunman shot his way into the newsroom of the Capital Gazette on Thursday, leaving five people dead.Authorities and court records show the suspect had a well-documented history of harassing the paper’s journalists.Trump said he is thinking of the survivors and the families of the “horrific, horrible” murders.____12:30 p.m.President Donald Trump says the Maryland shooting that killed five people has “shocked the conscience of the nation and filled our hearts with grief.”Trump made his remarks Friday at a White House appearance to celebrate the six-month anniversary of the Tax Cuts and Jobs Act.Trump said that “journalists, like all Americans, should be free from the fear of being violently attacked while doing their job.”He extended his condolences to the families of the victims, saying “there are no words to express our sorrow.”The shooting at the Capital Gazette newspaper in Annapolis, Maryland, left five people dead Thursday.Tomorrow this Capital page will return to its steady purpose of offering readers informed opinion about the world around them. But today, we are speechless. pic.twitter.com/5HzKN2IW7Q— Capital Gazette (@capgaznews) June 29, 2018____12:10 p.m.A prosecutor says the shooter who opened fire at a Maryland newspaper had an escape plan he never implemented.The suspect was captured by police while hiding under a desk at the Capital Gazette newspaper in Annapolis.Prosecutor Wes Adams did not give any details about the escape plan. He said Friday that there were two entrances to the newspaper’s office. He says 38-year-old Jarrod W. Ramos entered through the front door on Thursday and “worked his way through the office.” He says Ramos barricaded the exit door so employees couldn’t escape, and that one of the five people who were killed was shot while trying to escape out that exit.A judge ordered Ramos to remain detained during a court hearing Friday. Judge Thomas Pryal said found a likelihood that Ramos is a danger.Ramos appeared at the hearing via video feed. He appeared to watch attentively during the hearing but never spoke. He was represented by public defender William Davis.He is charged with five counts of first-degree murder.___NoonA prosecutor says the shooter who opened fire at a Maryland newspaper barricaded the exit door so employees couldn’t escape.Wes Adams said Friday that there were two entrances to the office. He says Ramos entered through the front door and “worked his way through the office.”Adams also says one victim who attempted to escape through the back door was shot.A judge ordered suspect Jarrod W. Ramos to remain detained during a court hearing Friday.Judge Thomas Pryal said found a likelihood that the 38-year-old Ramos is a danger. Ramos was represented by public defender William Davis.Ramos appeared in an Annapolis courtroom via video feed. He appeared to watch attentively during the hearing but never spoke. He was dressed in blue detention clothing.He is charged with five counts of first-degree murder in the killings inside Maryland’s Capital Gazette office on Thursday.___11:45 a.m.Authorities say the Maryland newspaper targeted in a shooting attack that left five people dead didn’t want to press charges in an earlier case.Police Chief Timothy Altomare said at a news conference Friday that the Capital Gazette didn’t press charges over social media threats the shooting suspect had made against the newspaper in 2013.Authorities have charged Jarrod W. Ramos with five counts of first-degree murder in the killings inside Maryland’s Capital Gazette office on Thursday.Altomare said the shooter intended to “kill as many people as he could kill.”___11:30 a.m.Authorities say the suspect in the deadly shooting at a Maryland newspaper used a pump-action shotgun in the attack at the Capital Gazette newspaper that left five people dead.Police Chief Timothy Altomare also said at a news conference Friday that it is “absolutely untrue” that suspect Jarrod W. Ramos mutilated his fingertips.Altomare also said that employees Rachel Pacella and Janet Cooley had been treated at a hospital and released after being injured during Thursday’s attack.____First-degree murder charges were filed Friday against a man with a grudge against Maryland’s capital newspaper after police said he shot his way into the newsroom, killing four journalists and a staffer and wounding two others.Jarrod Warren Ramos was swiftly arrested, interrogated and jailed pending a 10:30 a.m. hearing in Annapolis. No defense attorney was listed in online court records, but one note suggests he could be represented by a public defender. Another classifies him as “recalcitrant.” Investigators said earlier that he was uncooperative.Acting Police Chief William Krampf of Anne Arundel County said the gunman “looked for his victims” Thursday in the newsroom of The Capital Gazette in Annapolis. “This person was prepared today to come in, this person was prepared to shoot people,” Krampf said.Ramos, 38, has a well-documented history of harassing the paper’s journalists that began years ago after the Gazette reported about his criminal conviction in a harassment case.The attack began with a shotgun blast that shattered the glass entrance of the open newsroom. Journalists crawled under desks and sought other hiding places, describing agonizing minutes of terror as they heard his footsteps and the repeated blasts of the weapons. Police said he also was armed with smoke grenades.APIn this June 28 2018 photo released by the Anne Arundel Police, Jarrod Warren Ramos poses for a photo, in Annapolis, Md. First-degree murder charges were filed Friday against Ramos who police said targeted Maryland’s capital newspaper, shooting his way into the newsroom and killing four journalists and a staffer before officers swiftly arrested him. (Anne Arundel Police via AP)It’s unclear what immediate motivation the gunman may have had. Investigators were reviewing his social media postings and searching his apartment in Laurel, Maryland, searching for clues.“The shooter has not been very forthcoming, so we don’t have any information yet on motive,” Anne Arundel County Executive Steve Schuh said.Those killed included Rob Hiaasen, 59, the paper’s assistant managing editor and brother of novelist Carl Hiaasen. Carl Hiaasen said he was “devastated and heartsick” at losing his brother, “one of the most gentle and funny people I’ve ever known.” Also slain were Gerald Fischman, editorial page editor; features reporter Wendi Winters; reporter John McNamara, and sales assistant Rebecca Smith. The newspaper said two other employees had non-life threatening injuries and were later released from a hospital.“There is nothing more terrifying than hearing multiple people get shot while you’re under your desk and then hear the gunman reload,” tweeted Phil Davis, the paper’s courts and crime reporter. In a later interview appearing on the paper’s online site, Davis likened the newspaper office to a “war zone.”“I’m a police reporter. I write about this stuff — not necessarily to this extent, but shootings and death — all the time,” he said. “But as much as I’m going to try to articulate how traumatizing it is to be hiding under your desk, you don’t know until you’re there and you feel helpless.”Reporter Selene San Felice told CNN she was at her desk but ran after hearing shots, only to find a back door locked. She then watched as a colleague was shot, adding she didn’t glimpse the gunman.“I was breathing really loud and was trying not to, but I couldn’t be quiet,” she said. “I’m going to need more than ‘thoughts and prayers.’”The reporter recalled a June 2016 mass shooting attack on Orlando’s gay nightclub Pulse and how terrified people crouching inside had texted loved ones as dozens were killed. Said San Felice, “And there I was sitting under a desk, texting my parents and telling them I loved them.”Police spokesman Lt. Ryan Frashure said officers arrived within about 60 seconds and took the gunman into custody without an exchange of gunfire. About 170 people were then evacuated from the building, which houses other offices, many leaving with their hands up as police and other emergency vehicles arrived.The attack came amid months of verbal and online attacks on the “fake news media” from politicians and others from President Donald Trump on down. It prompted New York City police to immediately tighten security at news organizations in the nation’s media capital.At the White House, spokeswoman Lindsay Walters said: “There is no room for violence, and we stick by that. Violence is never tolerated in any form, no matter whom it is against.”The president tweeted: “My thoughts and prayers are with the victims and their families. Thank you to all of the First Responders.”Press Secretary Sarah Sanders added in a tweet: “Strongly condemn the evil act of senseless violence in Annapolis, MD. A violent attack on innocent journalists doing their job is an attack on every American. Our prayers are with the victims and their friends and families.”Annapolis Mayor Gavin Buckley said the community is grieving.“These are the guys that come to city council meetings, have to listen to boring politicians and sit there,” Buckley said. “They don’t make a lot of money. It’s just immoral that their lives should be in danger.”The newspaper is part of Capital Gazette Communications, which also publishes the Maryland Gazette and CapitalGazette.com. It is owned by The Baltimore Sun.The Associated Press Media Editors promised to help Capital Gazette journalists as they recover. An APME statement called on newspapers nationwide to help the paper continue its community coverage and fight for freedom of the press. Sharelast_img read more

Take Being Heart Healthy to Heart

first_imgAs springtime blossoms into longer and warmer days, it’s the perfect time to tweak or add some heart healthy behaviors to your daily routine. The fact that the American Heart Association (AHA) ranks heart disease and stroke as the nation’s No. 1 and No. 5 killers should be motivation enough. But, since it’s such an easy thing to do, there really is no excuse. Addressing ways that families can stay heart healthy, family practice physician Martina P. Callum, M.D. says, “Really, it starts with lifestyle changes and looking at their diet.” She adds, with a sigh, “I’m not talking quantity.”In other words, Callum is talking about the quality of foods eaten and says that consuming foods that are fatty and/or high in cholesterol is directly related to heart disease. She says that people’s diets need more fruits, green leafy vegetables and root vegetables that have been properly prepared. And, eating properly prepared foods in moderation includes limiting salt intake.Apparently, the AHA is in agreement with her assessment, and is making it easy for individuals and groups to learn how to prepare heart healthy meals in Baltimore. The organization is celebrating its oneyear anniversary of offering a variety of cooking classes at its Simple Cooking with Heart Kitchen, located downtown at Stratford University. For a nominal fee, participants learn to cook a meal for four, which they carry home, once prepared. So, for those with cooking limitations, make it easy on yourself, and visit www. heart.org/baltimorekitchen.While modifying one’s diet will help, adding physical activity to the equation will increase the benefits. Everyone, including First Lady Michelle Obama, is encouraging people of all ages to get moving and involved in some kind of physical activity. It’s not always necessary to go work out at the gym. Family walks can be great exercise and lots of fun. And, April 1 is AHA’s National Walking Day, perfect timing to bring the family together for a trek.Now that you’re eating and exercising properly, managing your weight and stress will become a little easier. Callum explains that people with bad eating and exercise habits, generally, don’t feel well and often suffer with joint pain, heartburn and other discomforts, which is stressful. “Physically, when you are feeling good, you can handle stress, better,” she says.last_img read more

Dear Readers Its a sure sign of economic trouble

first_imgDear Readers,It’s a sure sign of economic trouble when even the permabulls acknowledge pain is coming down the pike. That is exactly what John Mauldin of Mauldin Economics sees, as he told David Galland in an interview at our Spring Summit, Recovery Reality Check. Watch the video – or read the transcript if that’s your preference – to learn why John thinks the period through 2013 is vitally important for the US economy and what he thinks the number-one priority for investors is during that time frame.I hope you enjoy this timely interview. Doug and I will be back soon.Sincerely,Louis JamesSenior Metals Investment StrategistCasey Research John Mauldin proved to be one of the most popular speakers at last spring’s Casey Research investment conference, and we’re pleased that he’ll be presenting for us again at the upcoming Casey Research/Sprott, Inc. Navigating the Politicized Economy Summit. This timely event, to be held in beautiful Carlsbad, California from September 7-9, features our own Doug Casey… natural resource investing guru Rick Rule… former US Comptroller General David Walker… best-selling author G. Edward Griffin… and many more financial luminaries. Together, they will shine a spotlight on the pitfalls of today’s centralized economies and reveal actionable investment strategies you can use to protect and grow your wealth.last_img read more

In This Issue Eurozone sees strong data from Ger

first_imgIn This Issue.*Eurozone sees strong data from Germany. *Aussie employment rises along with the A$. *RBNZ leaves rates unchanged and sounds upbeat. *Gold gets whacked again.And, Now, Today’s Pfennig For Your Thoughts!Stuck In The Mud.Good day. And a Tub Thumpin’ Thursday to you! I’m already tired this morning, as I got my desk after the long walk from the garage, across the bridge and to the office, and realized that I had left something that I brought to eat for my breakfast in the car. So, I trudged back to my car, and then reversed the trip back to the office. That’s a lot of walking for me, so early in the morning! UGH!  I know, you’re saying, did you really need to eat breakfast? The answer is yes, one of the medicines I take needs to be taken with food. And now I know you’re thinking, is he ever going to get to the currencies, metals and economies? HA!Ahhh grasshoppers. Yes.. I will. But, given the tight range the currencies traded in yesterday, there’s not really much to say about their performance yesterday.  I even mentioned once yesterday that it had been a month of Sundays since I last saw the euro trade in a 10 tick range. Most of the day, the euro traded at 1.3070. And when I came in and finally got my laptop fired up, I saw the euro trading at. yep, you guessed it. 1.3070. stuck in the mud!  And this morning, the euro should have received some love from the German Manufacturing Orders data that printed for October.German Manufacturing or Factory Orders surged almost 4 times as much as the experts had forecast in October. Foreign demand was pointed out to be the reason the orders surged 3.9% from September. And then on top of that, German Business Confidence unexpectedly rose in November.  Export Sales soared 6.7% in October, and a key here to really focus on, was that an 8.5% increase in orders from outside the Eurozone.  Long time readers will recall me saying over and over again, this dance is gonna be a drag. No wait! I said over and over again that 80% of trade in the Eurozone is among the members of the Eurozone. So, when Germany is filling orders from outside the Eurozone in addition to the trade inside the zone, then that’s a good sign for the German economy, and the Eurozone as a whole, since Germany is the largest economy, by far, in the Eurozone.The Big Boss, Frank Trotter, asked the other day what I thought the biggest surprise in the markets had been in 2012.  That was an easy one for me. put it up there on the Tee. The euro is the biggest surprise in 2012 to me. For the past two years, all we’ve heard about was how the euro was going to collapse, and at the very least fall below parity.  And here we are at the end of 2012, and the euro is 1.30.   it hasn’t collapsed.  and as I tell people in my presentations all the time. “with all the negativity toward the Eurozone, the euro remains relatively strong. What does that tell you about what the markets think about the dollar?”Overnight and through the morning session so far, the Aussie dollar (A$) is the best performer. The A$ pushed higher on news that November Employment increased 13,900, VS the forecast which was flat.  The Unemployment Rate fell to 5.2% from 5.4%… A very nice and strong report, for a country that just saw interest rates cut earlier this week.  I’m sitting here smiling like the Cheshire Cat, and thinking. See, Chuck said there was no reason for cutting interest rates!  But Nooooooooo.  Nobody listens to Chuck until it’s too late. Then they say, “Hey, we should have listened to Chuck”!  The 2nd best performer overnight is the New Zealand dollar / kiwi. this currency is still on a RBNZ high.  The Reserve Bank of New Zealand (RBNZ) left rates unchanged last night, an had this to say, which has the markets lathered up and buying kiwi. “Economic growth has slowed in recent months and has been accompanied by low inflation and rising unemployment. However, over the next two years, growth is expected to accelerate to between 2.5 and 3% per annum.  The Global outlook remains soft but appears less threatening than was the case earlier in the year. The overall outlook is for stronger domestic demand and elimination of current excess capacity by the end of next year. This is expected to cause inflation to rise gradually towards the 2% target midpoint.”OK.. I know that “went on” for a bit, but I wanted to highlight that the new RBNZ Gov. Wheeler didn’t take any pot-shots at kiwi, like his predecessor (Bollard) did at every chance he could, and Wheeler sounded upbeat. and that has kiwi well bid this morning.  and in fact it has traded past .83-cents this morning!It’s not all seashells and balloons for the currencies and metals this morning. The rest of the currencies are either trading flat or down a bit. I like this though. I like it when the  currencies don’t trade together. it’s the herdball thing. you know, have your little kids or grandkids played soccer?  Well, when they are really young, it’s not soccer, it’s herdball.  But the game of soccer is much better when the kids spread out, and play the game correctly. It’s the same with the currencies. Yes, prior to 2008, you could basically throw a dart at a currency, and it would show a gain VS the dollar. But. they didn’t all move together each and every day. They traded on their fundamentals, or VS the dollar’s fundamentals.In my last article for The World Money Analyst newsletter, I talked about how I was beginning to see the “Risk On” and “Risk Off” stuff go away from the currencies. Which is a good thing, folks. because stocks, currencies and commodities, have no business trading arm-in-arm every day. These asset classes have different pricing mechanisms and a low correlation to each other, and so it has pained me so much to see currencies and commodities traded alongside stocks since 2008. But. like I said, I’m beginning to see this change, and when the currencies begin to really trade on their own, and not in the herdball fashion, then we can finally put this Risk On / Off in the circular file where it belongs!Hey. don’t get the World Money Analyst or never heard of it? Just Google it. and then you’ll find a link that takes you to the introduction of the letter.  But, just as an FYI. It’s a globally-oriented investment letter that aims to identify the highest-potential and lowest-risk international investment opportunities.  Trust me on this, they keep me around for the entertainment. the list of contributors is very impressive.OK. I’ve got lots of things to talk about today, that really show the state of our economy / country. and that all leads you toward a weaker dollar. it may not happen today, or tomorrow, or even in the next year, but, the prospects for a weaker dollar continue to pile up.First up on my list of things to talk about is this news that the penny and nickel are going away. Let’s listen in. “Mr. Geithner has been busy lately. Amongst his many other pressing tasks, he took the time to announce that the U.S. Mint will be removing the penny and nickel from circulation in the U.S. starting early next year. The reason is clear. It now costs the mint $US 0.048 to make a penny and $US 0.162 to make a nickel. They are still just above the break-even point on the dime, which costs them $US 0.092 to produce. That won’t last, according to Mr Geithner, so the dime will be the next to go – probably in 2014.”Ok, before I get to the next item. let me set it up by telling you that Gold got whacked again late yesterday.  I’m growing so tired of watching this happen but what’s a poor boy to do?   I saw James Turk talking about these takedowns of Gold, and thought it would be good to post his comments here, just to help you understand what’s going on in Gold.“On a day like today when the metals are getting pounded by the cartel, it’s important to step back and look at the big picture.  And the bottom line here is that we have some tough times coming.  We need to prepare for it, and of course the best way to do that is by accumulating physical gold and silver. The reason they are attempting to make gold and silver look weak here is because these monetary metals will provide the foundation when the monetary system is eventually re-constructed, and the price of gold and silver will be far higher than the numbers they are painting the tape with today.  But before that day comes, they need to shake as many people out of these markets as possible so they are victims of the greatest wealth transfer in history, not beneficiaries.” – James TurkAnd did you see that Citigroup announced that they will eliminate 11,000 jobs? I wonder where the BLS will hide those job losses?  I think that we’re going to begin to see a rash of these large job eliminations from the Financial Sector. The profits for a lot of these large institutions just aren’t there to support all these jobs. The rest of the country’s companies figured out how to exist and eke out a profit with smaller job corps a couple of years ago. The large Financial Institutions are just now seeing the forest through the trees.Then There Was This. OK. you know me, I’m not into talking politics, that is, unless I’m on the Butler patio. So, you won’t see me pointing any fingers here, because as far as the debt is concerned both parties are to blame.  But here are some facts about tax increases that you should take to memory to spew out to anyone that comes at you with the it’s fair to tax the rich thing.Last week I told you about the article by Chris Cox (former head of the SEC), and Bill Archer (former chairman of the House Ways and Means Committee). On the “true debt”.  Well, in the article they explain taxation.  “To collect enough tax revenue just to avoid going deeper into debt would require over $8 Trillion in tax collections annually. The put that in perspective, the entire GDP of the country last year was about $15 Trillion. Just to keep up with our debt, to keep it from growing, we’d have to take more than half of all American Wealth. Every Year. And that wouldn’t even solve our current debt issue.”Chuck again. So. it doesn’t matter who you tax, it won’t mean a hill of beans to the overall debt problem.  I’ve said all along that higher taxes were coming, because lawmakers would see this as a form of revenue, that they could take. However, I’ve also said all along that these higher taxes will NOT be the cure to all that ails us with regards to debt.  So, it was nice to see these two gentlemen agree with me.  What’s the other way to deal with the interest payments alone on our debt?  Cheaper dollars.  I’ve said all along that this would be used in addition to higher taxes as our leaders’ way to deal with debt payments. But how weak will the dollar have to go, for it to deal with actually retiring some debt?  Well. before we get there, I would think that the leaders of this country would consider default, before a complete collapse of the dollar.To recap. The currencies traded in a very tight range yesterday, and Gold got whacked at the end of the day again.  Overnight, the Aussie dollar is the best performer after printing a very strong jobs report. The 2nd best performer is the N.Z. dollar / kiwi, as the RBNZ left rates unchanged and sounded very upbeat in their statement.  The rest of the currencies are either flat or down a bit, with the euro trading in the same clothes as yesterday.Currencies today 12/6/12. American Style: A$ A$ 1.0495, kiwi .8325, C$ $1.0090, euro 1.3070, sterling 1.6110, Swiss $ 1.0790, . European Style: rand 8.7315, krone 5.6160, SEK 6.6015, forint 216.65, zloty 3.1620, koruna 19.2780, RUB 30.85, yen 82.35, sing 1.2190, HKD 7.75, INR 54.13, China 6.2277, pesos 12.90, BRL 2.0860, Dollar Index 79.85, Oil $88, 10-year 1.58%, Silver $32.74, and Gold. $1,690.15That’s it for today. Well. Happy Birthday to my wife’s dad, Larry Stringer. Larry is a retired Captain on the fire dept, and has lost most of his eyesight, but still tries to read the Pfennig each day.  Congrats to Alex who won his wrestling match last night by a score of 3-1. The year had not started out so great for him, so he was happy with that win.  I had a tough night last night, so I’ll be dragging the line today, and then after my here, back and here trip I should be ready for a nap!  I think I’m going to begin to account my spending the way the U.S. Gov’t does. That way, I’ll have a huge surplus at the end of the year!  I had better not start on the Gov’t accounting. I’ll save that for tomorrow!  Right now, I’m going to get started on a Tub Thumpin’ Thursday and you should too!Chuck Butler President EverBank World Markets 1-800-926-4922 www.everbank.comlast_img read more

Gold Producers GDX 4192 4485 55

first_img Gold Producers (GDX) 41.92 44.85 55.23 Louis James Senior Metals Investment Strategist Casey Research P.S. Would you like to know which brokers other Casey subscribers use? We’re asking all subscribers to our publications to answer a few questions about their broker in our anonymous Broker Survey. Every subscriber who responds to the survey will receive detailed, compiled results after the survey concludes. If you  haven’t already, please take a moment to complete the survey – it’s short and simple.  Once compiled, we’ll send you the results so you can see what’s working (and what’s not) for other subscribers. TSX (Toronto Stock Exchange) 12,816.63 12,370.80 12,539.21 Gold 1,669.90 1,659.50 1,700.10 Gold Junior Stocks (GDXJ) 18.72 19.27 28.96 Silver 31.72 29.84 33.12 Rock & Stock Stats Last One Year Ago Two Chess Moves Away from Capital Controls By Jeff Clark, Senior Precious Metals Analyst The best indicator of a chess player’s form is his ability to sense the climax of the game. –Boris Spassky, World Chess Champion, 1969-1972 You’ve likely heard that the German central bank announced it will begin withdrawing part of its massive gold holdings from the United States as well as all its holdings from France. By 2020, Bundesbank says it wants half its gold reserves stored in its own vault in Germany. Why would it want to physically move the metal from New York? It’s not as if US vaults are not secure, and since Germany already owns the gold, does it really matter where it sits? You may recall that Hugo Chávez did the same thing in late 2011, repatriating much of his country’s gold reserves from London. However, this isn’t a third-world dictatorship; Germany is a major ally of the US. So what’s going on? Pawn to A3 On the surface, it may seem innocuous for Germany to move some pallets of gold closer to home. Some observers note that since Russia isn’t likely to be invading Germany anytime soon – one of the original reasons Germany had for storing its gold outside the country – the move is only natural and no big deal. But Germany’s gold stash represents roughly 10% of the world’s gold reserves, and the cost of moving it is not trivial, so we see greater import in the move. The Bundesbank said the purpose of the move was to “build trust and confidence domestically, and the ability to exchange gold for foreign currencies at gold-trading centers abroad within a short space of time.” It’s just satisfying the worries of the commoners, in the mainstream view, as well as giving themselves the ability to complete transactions faster. As evidence that it’s nothing more than this, Bundesbank points out that half of Germany’s gold will remain in New York and London (the US portion of reserves will only be reduced from 45% to 37%). Sounds reasonable. But these economists remind me of the analysts who every year claim the price of gold will fall – they can’t see the bigger implications and frequently miss the forest for the trees. Check What your friendly government economist doesn’t reveal and the mainstream journalist doesn’t report (or doesn’t understand) is that in the event of a US bankruptcy, euro implosion, or similar financial catastrophe, access to gold would almost certainly be limited. If Germany were to actually need its gold, regardless of the reason, any request for transfer or sale would be… difficult. There would be, at the very least, delays. At worst such requests could be denied, depending on the circumstances at the time. That’s not just bad – it defeats the purpose of owning gold. But this still doesn’t capture the greater significance of this action. First, it reinforces the growing recognition that gold is money. Physical bullion isn’t just a commodity, a day-trading vehicle, or even an investment. It’s a store of value, a physical hedge against monetary dislocations. In the ultimate extreme, it’s something you can use to pay for goods or services when all other means fail. It is precisely those who don’t recognize this historical fact who stand to lose the most in an adverse monetary event. (Hello, government economist.) Second, here’s the quote that reveals the ultimate, backstop reason for the move: Bundesbank stated it is a “pre-emptive” measure “in case of a currency crisis.” Germany’s central bank thinks a currency crisis is really possible. That’s a very sobering fact. We agree, of course: history is very clear on this. No fiat currency has lasted forever. Eventually they all fail. Whether the dollar goes to zero or merely becomes a second-class currency in the global arena, the root cause for failure is universal and inevitable: continual and perpetual dilution of the currency. Some level of currency crisis is inescapable at this point because absolutely nothing has changed with worldwide debt levels, deficit spending, and currency printing, except that they all continue to increase. While many economists and politicians claim these actions are necessary and are leading us to recovery, it’s clear we have yet to experience the fallout from spending more than we have and printing the difference. There will be serious and painful consequences, sooner or later of an inflationary nature, and the average person’s standard of living will be greatly reduced. And now there are rumblings that the Netherlands and Azerbaijan may move their gold back home. If this trend gathers steam, we could easily see a “gold run” in the same manner history has seen bank runs. Add in high inflation or a major currency event and a very ugly vicious cycle could ignite. Checkmate If other countries follow Germany’s path or the mistrust between central bankers grows, the next logical step would be to clamp down on gold exports. It would be the beginning of the kind of stringent capital controls Doug Casey and a few others have warned about for years. Think about it: is it really so far-fetched to think politicians wouldn’t somehow restrict the movement of gold if their currencies and/or economies were failing? Remember, India keeps tinkering with ideas like this already. What this means for you and me is that moving gold outside your country – especially if you’re a US citizen – could be banned. Fuel would be added to the fire by blaming gold for the dollar’s ongoing weakness. Don’t think you need to store gold outside your country? The metal you attempt to buy, sell, or trade within your borders could be severely regulated, taxed, tracked, or even frozen in such a crisis environment. You’d have easier access to foreign-held bullion, depending on the country and the specific events. None of this would take place in a vacuum. Transferring dollars internationally would certainly be tightly restricted as well. Moving almost any asset across borders could be declared illegal. Even your movement outside your country could come under increased scrutiny and restriction. The hint that all this is about to take place would be when politicians publicly declare they would do no such a thing. You could quite literally have 24 hours to make a move. If your resources were not already in place, even the most nimble of us would have a very hard time making arrangements. Once the door is closed, attempting to move restricted assets across international borders would come with serious penalties, almost certainly including jail time. In such a tense atmosphere, you could easily be labeled an enemy of the state just for trying to remove yourself from harm’s way. The message is clear: storing some gold outside your country of residence is critical at this point, and the window of time for doing so is getting smaller. Don’t just hope for the best; do something about it while you still can. The minor effort made now could pay major dividends in the future. Besides, you won’t be any worse off for having some precious metals stored elsewhere. If you’re moved to take action, know that you’re not alone. The Hard Assets Alliance had its busiest month to date in December, and January is on pace to set another sales record. International storage options are very attractive and include Zurich, Melbourne, Singapore, and London. If you’re unfamiliar with the program, learn about this breakthrough service. Even if you choose another method to store precious metals internationally, it’s critical that you take these first steps now. The best chess players in the world aren’t that way because they can see the next move. They’re champions because they can see the next 14 moves. You only have to see the next two moves to “win” this game. I suggest making those moves now before your government declares checkmate. Gold and Silver HEADLINES Asteroid-Mining Race Heats Up as One More Company Reveals Its Space Plans (Mineweb) US-based Deep Space Industries (DSI) announced the launching of its campaign to inspect small asteroids that pass by the Earth as potential mining targets. In 2015, DSI, in association with NASA and other companies and groups, plans to send a fleet of small, 55-pound FireFly spaceships to identify potential exploration targets. By 2016, Deep Space plans to launch larger DragonFly ships that would collect materials from asteroids and bring them to the Earth to analyze. Deep Space Industries is the second company to embark on asteroid exploration. Last year, Planetary Resources – a company founded by aerospace entrepreneurs and backed by filmmaker James Cameron and Google Executive Chairman Eric Schmidt – announced intentions to form a similar business. We continue to be very conservative about the commercial prospects of these companies. Mining is often unprofitable on Earth due to rising costs and political risks, as well as lack of infrastructure in remote locations. Space poses the ultimate infrastructure challenge. While we look forward to seeing how the companies plan to deal with it, we take such news as curious developments without any investment interest for now. India Hikes Import Tax on Gold (Mineweb) India raised its import duty on gold from 4% to 6% with the intention of restraining external purchases of bullion, in order to balance the the country’s account deficit. As an immediate implication, investment demand for the precious metal is expected to fall. However, gold consumption in the jewelry sector is most likely to remain largely unaffected. These measures will also likely boost smuggling. By creating conditions for gold’s black market to expand, the Indian government may lose more than it expects to gain by introducing the new tax. US and Canadian Mints Rationing Silver Coin Sales (Mineweb) Sales of silver coins have been so strong in January that the US Mint temporarily suspended sales of Silver Eagles and will only be able to supply authorized dealers again on a rationed basis. The Royal Canadian Mint has announced that it, too, has to ration sales of its popular Silver Maple Leaf coins. Sales of Silver Eagles reached six million within the first two weeks of January before being suspended. Analysts suggest that this rapid pace was driven by “the typical rush to acquire the most recently dated coins, as well as pent up demand following three weeks of unavailability (in December 2012).” The situation with the Royal Canadian Mind is perhaps a knock-on effect of the US suspension, as dealers in North America scramble to source coin supplies from mints in which customers have full confidence. This Week in International Speculator and BIG GOLD – Key Updates for Subscribers International Speculator One of our favorite exploration teams has delivered another set of positive drill results. A response to a lawsuit filed against this silver company was filed, and here’s our take on it. Copper 3.68 3.53 3.83 Dear Reader, I’m just back from Vancouver, where Doug Casey, Jeff Clark, Marin Katusa, and I spoke at the 2013 Vancouver Resource Investment Conference. After such an alarming year for so many gold stock owners, it was good to see the show was as large and well attended as ever. I’m not sure we can draw too many conclusions from that fact, but it was encouraging. I met with about two dozen companies and collected a lot of information to mull over, but best of all was meeting some of our readers who’ve become friends over the years. Thanks for coming down to the show. Another highlight was the metaphor Jeff developed in response to a question about what it means for Germany to be repatriating its physical gold reserves. His answer was so striking that I asked him to develop it into an article for all our readers to benefit from. The result is below; and it’s quite timely in light of the buying opportunity gold is giving us this week. I hope you find it as insightful as I did and will be motivated to take action. Sincerely, Silver Stocks (SIL) 20.78 22.29 23.85 TSX Venture 1,227.24 1,185.60 1,604.05 One Month Ago An International Speculator stock has released an economic study on its major development-stage project. We like both the project and the company. BIG GOLD Our #1 pick for dividends announced lower production last quarter – will this affect the payout we receive? Oil 95.95 88.61 99.40last_img read more

HPs first tablet PC—not that dated even after a d

first_img HP’s first tablet PC—not that dated even after a decade But today we have an all-new HP under rock-star CEO Meg Whitman, formerly of eBay. In fact, the company is so bold about its new plans that it’s actually splitting in two. The spinout strategy, reminiscent of Sears’ move to shed the Sears Hometown and L.L.Bean franchises it once gobbled up, is meant to make each half of HP leaner and more focused, according to management. There is no reason, of course, for them to duplicate all those HR, legal, and other centralized expenses—two businesses can easily live under one roof as Microsoft and GE and Siemens, and many others, have shown. No, the real reason for the split is that the computer-manufacturing business is a drag on the value of the stock. The first half of the split, the retail-focused HP, Inc., is to make personal computers, tablets, phones, and HP’s real legacy: printers. Unfortunately, over the last two years HP’s laptop sales have fallen $5 billion. Printers and desktops have also each dropped another $2.5 billion or so. The company is losing market share to enterprise competitors like Lenovo—and it missed out on the shift to smartphones and tablets on both sides of the market, as well as losing out in retail presence to more forward-thinking companies like Apple with its eponymous stores. Still, thanks to the one commodity with a seemingly never-ending price elasticity—printer ink—the division made $3.9 billion in operating profits last year and is expected to post $5.4 billion this year on $57.2 billion in revenue. So the company has the cash to tackle its missteps head-on… if it hurries. But ironically, it won’t be that division which takes on the effort to build The Machine at all, despite the obvious mobile device benefits. That job will be left to Hewlett-Packard Enterprise (HPE), the company that will remain when HP, Inc.’s hardware division is spun off into its own company. HPE will hang on to the company’s “big iron” products like Moonshot and Gen 9 servers that are sold only to massive companies and governments. And it will be home to the monstrous systems integration and consulting businesses (i.e., services)—HP’s answer to IBM. Together they are expected to produce $58.4 billion in revenue and $6 billion in operating profits. HPE will also maintain the Labs division, of which supposedly 75% of the employees are focused on the multiyear effort to bring The Machine to market. Although it might not seem to make sense at first blush, giving the game-changing mobile technology to the company without a mobile division actually makes sense. That’s because the energy savings, larger storage capacity, and higher throughput of the hardware is far more important to HP in another division: servers. The largest customers of HP’s enterprise group are the big companies running huge server farms. There the largest cost beyond computer hardware itself is often electricity—for running the systems and cooling the monster boxes. Last time Google revealed numbers in 2011, it reported using 260 million watts of electricity a year, or the same amount required to power 200,000 homes. Right behind that usually comes the cost of storing all that data, thanks to the massive arrays of individual spinning disks and solid-state drives required to serve up data fast enough for many millions of users. The many layers of controllers and cabling between the computer’s core and all those disks are just bottlenecks slowing down the flow. The Machine theoretically solves all of those issues in one fell swoop. Whole chunks of the computer are ripped out and replaced with a single low-power board like the one shown at the top, allowing server farms to pack dozens of times more densely than today while running on much lower power. And those customers have the cash to pony up big premiums for early versions of the hardware long before it’s refined enough to fit in a few-millimeters-thick space between your phone’s battery and screen. HP is right to call memristor technology a game changer. And it’s probably right to keep it in its Enterprise half of the new company, too. Let’s just all hope for the sake of their shareholders they don’t fumble this one like they have in so many other markets. That’s a photo of Hewlett Packard CTO Martin Fink as he presented the object of his company’s #1 research project to an audience back in June. This announcement sent shock waves through the computer industry. HP has decided to roll the dice big time. So what is that little square gizmo in Fink’s hands, and how does HP propose to make use of it? Simple. It’s a memristor-based chip, and with it HP intends to do nothing less than revolutionize the technology of computing. By way of background, the development of computers over the past half-century was all made possible by the invention of the integrated circuit (IC). This is the very first one: 2003 HP iPAQ—no lines outside the store for this one HP also led most of its competitors to market in tablets, too. It released one of the first tablet PC notebooks, a series of ill-fated hybrid tablet laptops much like the new models all clawing at but failing to make any real dent in the iPad phenomenon. HP had nearly a decade lead in that market, only to relinquish it entirely in the end. Courtesy of Texas Instruments It was fabricated at Texas Instruments back in 1958 and is now preserved in its museum. With the advent of this humble-looking device, computing vaulted from the Stone Age of vacuum tubes into the modern era of semiconductors. Since then, of course, the IC has been miniaturized and micro-miniaturized, until several billion can be crammed onto one little silicon chip. All the while, though, the architecture of a computer has barely changed. Its basic building block remains the IC, or transistor, which for computing purposes is really nothing more than a switch. It has three terminals: the source, drain, and gate electrodes. The gate controls the electron density in the central region of the transistor, which is made of a semiconducting material. If the electron density is high, current flows from the source to the drain; it doesn’t if the electron density is low (i.e., the switch is either off or it’s on). Assign the two states values of “0” and “1” and you have the beginning of a binary computer on which the most complex of calculations may be performed. That design has worked very well so far. Computing power has expanded roughly in accordance with Moore’s law—first advanced by the cofounder of Intel in 1965—which holds that the number of transistors that can fit on a given computer chip, per unit cost, will double approximately every two years. But you cannot keep shrinking the size of a transistor indefinitely. At some point they get too small to properly perform their function. And that point is rapidly approaching. When it’s reached, assuming that we want computers to keep getting evermore powerful, then a new structure will have to be implemented. Around the world, countless scientists and engineers are devoting their careers to coming up with that replacement. There are lots of candidates, with varying degrees of functionality. Some are working models, others merely promising ideas. They include: quantum computers; DNA computers; 3D chips; spintronics-based chips; graphene transistors; and many more. (We took an in-depth look at each of them in the latest issue of Casey Extraordinary Technology, for those interested in a deep dive.) HP has cast its lot with memristors. Memristors were first described in 1971 by UC Berkeley Professor Leon Chua. Chua posited that the then-current model of a logic circuit—composed of an inductor, resistor, and capacitor—was incomplete. He suggested a theoretical fourth building block for the circuit—one that has properties that cannot be duplicated by any combination of the other three elements: essentially, it would be a component that could remember what kind of charge last passed through it. Chua called it the memristor. But no one had ever seen one. And that was the end of that for the next 30 years. Memristors’ existence still had yet to be proven when researchers at HP initiated a new project in the early 2000s. They weren’t looking for the elusive fourth building block, just trying to build a fast, low-power switch by placing two microscopic resistors in a stack and using the current in one to flip the resistance in the other. They succeeded in building the device they wanted, but couldn’t seem to predict how it would actually behave. After several years of fooling with it, they finally discovered the reason buried deep in the annals of computing research: they needed the idea of the memristor to complete the logical description of the machine. Digging into Chua’s work, they discovered they had accidentally built the seemingly mythical device. In theory, they could now build a more complete computer. In 2008, they turned theory into reality by creating a physical example: a circuit using memristors just a few atoms thick. The benefits of a memristor-based transistor quickly became clear. It was far faster than any kind of computer yet devised and used far less power. That’s because the memristor is fast enough to replace the incredibly expensive and small cache layer of a computer, yet has the capacity potential of a hard drive. No more slow and inefficient triple layers of memory—from the die to the RAM to the disk, all on one chip. Those changes alone were promising enough, but in addition, it had some extraordinary side benefits: in the event of power loss, it maintained its memory. Rip a cord from a wall or battery from a phone, and nothing is lost. Plus it switched on and off as quickly as an electric light. All of these—speed gain, memory retention, low power consumption, instant on/off—were obviously game changers. For the faltering company that’s shed tens of thousands of jobs in the past few years as it missed out on the smartphone and tablet revolutions, leaping from laggard to untouchably far ahead of the competition in one fell move is immensely attractive. So the company decided that memristors were the wave of the future and that it would go all in. At the June press conference, HP announced that it was developing something called simply “The Machine,” a memristor-based computer projected for commercial development by 2020. In the words of CEO Meg Whitman: “HP has been talking about the individual component technologies for some time and now we are bringing them together into a single project to make a revolutionary new computer architecture …. This changes everything.” Perhaps it does. Perhaps HP will leave all of its competitors in the dust… Provided it doesn’t kill its own golden goose. It’s done that many times before. For example, the HP of old was one of the first players in the smartphone game. It inherited the first iPAQ (that name sound vaguely familiar?) mobile phone and PDA combo when it purchased rival computer-maker Compaq in 2002. For five long years before the first iPhone ever came to market, HP had that opportunity in the bag. Then it lost out to BlackBerry, iPhone, and Android in series before finally giving up on the market entirely. Do you have a smartphone? Does it already do pretty much everything you’d like it to? Now suppose you could upgrade to a “phone” that had a storage capacity of 100 terabytes—enough to record virtually your entire life—and a week’s battery life per charge: would you buy it? You don’t have to decide right this minute, because such a device is not here yet. But it’s probably coming in the not-too-distant future. Because of memristors.last_img read more

Microdosing Is How You Learn How Much CBD You Should You Be

first_img July 4, 2019 Green Entrepreneur Podcast Tinctures are ideal for administering a precise dose. Listen Now Microdosing Is How You Learn How Much CBD You Should You Be Taking Each week hear inspiring stories of business owners who have taken the cannabis challenge and are now navigating the exciting but unpredictable Green Rush. Add to Queue –sharescenter_img 5 min read If you suffer insomnia, feel anxious, have chronic pain or have been diagnosed with any of a host of other ailments, you may have heard that “CBD is good for that.” You did some research and bought a CBD product, but how do you know exactly what dogse you should use? Cannabidiol (CBD) is an extract from hemp flowers that is taking the health and beauty world by storm. Preliminary research suggests that because of its antiinflammatory and neuroprotective effects it may support those suffering from addictions, Alzheimers, concussion, fibromyalgia, diabetes, multiple sclerosis, sleep disorders and many other conditions. But this potentially useful supplement does not come with one-size-fits-all dosing recommendations. In fact, you will have to use a little trial and error to find your right dose. These guidelines will help you do just that.Related: ‘Microdosing Moms’ and ‘Divorced Dads’ Emerge Among Cannabis ConsumersStart low and go slow This will be your motto as you find your optimal CBD dose. As you begin, you should make sure you tolerate it well before working your way up to a dose that relieves your unique symptoms. This process is called microdosing or self-titration, both of which mean you are in charge of finding the lowest effective dose for you. Registered nurse and medical cannabis expert Eileen Konieczny, in her book, Healing with CBD, recommends starting with a microdose of 10 mg, or even dividing that into two or three doses in the course of a day. After a few days or a week at this level, she says, you can gradually increase the dose by five to 10 milligrams at a time. Konieczny and others recommend this process of slowly raising the dose while keeping notes on your symptoms in a journal so that you can monitor the extract’s effectiveness. Apps such as Strainprint and Releaf can help with symptom tracking. Know your product One of the challenges of finding the right dose for you is knowing exactly how much CBD is in the product you bought, and how much is in each dose of that product. Tinctures are perfect for microdosing because they allow you to slowly increase your dose in a way that edibles and capsules do not. Starting with a tincture, especially taking it sublingually (under the tongue), is a good way to understand how CBD affects you and what a good dose will be for you. Look on the product label for the total milligrams (mg) CBD in the container and per dose in the supplement facts table. Make sure you don’t get your units confused here: milliliters (ml) measure the volume of a liquid while milligrams tell you the weight of the extract that was dissolved into the liquid of the tincture. If you have purchased a tincture and feel like you’ve taken on the world’s worst math problem, this may help. ● Most (though not all) tincture bottles are one ounce, or 30 milliliters (ml) ● The standard dropper size is 1 ml ● If your bottle contains 500 mg CBD, each dropper contains just under 17 mg extract ● To start at 10 mg, you will need about 12 drops from that dropper You can increase by as little as one drop at a time as you self-titrate to find the “sweet spot” for you.Related: 3 Surprising Ways to Unlock Your CreativityThe sweet spot The right dose gives you the effect you want using the lowest possible amount. At this dose you will start feeling the benefit from what you are taking, but are unlikely to experience any side effects (CBD has almost no reported adverse effects, however your results may vary). Taking the time to find this minimum effective dose, even with all the math and symptom tracking involved, also saves you money as you take only as much as you need.Once you find a dose that feels like it’s working, bear in mind that your body is a dynamic system and changes in sensitivity may occur. Ongoing daily or intermittent symptom tracking will help you know when to adjust your dose.Lastly, don’t hesitate to take a low dose of CBD for maintenance purposes. Integrative medicine practitioner and medical cannabis expert Dr. Dustin Sulak says doing this can be an effective long-term approach to healing. “Over time,” he says, “I began to notice that most patients using small amounts of cannabis were getting better and more sustainable results than their high-dosage counterparts with similar conditions.” By choosing a high-quality, clearly labeled product and using the microdosing approach experts recommend, you are giving yourself the best odds of experiencing a higher level of wellbeing with the support of CBD. Image credit: Alice Fox | Getty Images CBD Brought to you by A to Z CBD Next Article last_img read more

Havas Group Reimagines PR Group With Launch of Red Havas

first_imgThe New Merged Media Micro-Network Will Put Data and Content First, and Unite Havas PR North America and Red Agency Australia & Asia, with Expansion to LondonAs creative and media agencies face a near-daily redefinition of their identities and scopes of work in the modern media landscape, public relations agencies in particular are being completely reconstructed. How can PR companies provide impeccable service that moves at the pace of today’s lighting-speed multimedia landscape? The agencies that comprise Red Havas are employing a strategic model called “Merged Media” that replicates the convergence of media consumption—blending traditional and digital publishing, content, social media and data in a way that it believes defines the future of PR as a category.Based on the success of this model to date, Havas Group announced earlier today that it has rebranded a number of its award-winning PR and social agencies under a new name, Red Havas, to drive the agencies’ shared Merged Media strategy to new heights and across new continents.Effective immediately, Havas PR North America, with offices in New York City, New England, Phoenix and Pittsburgh, and Asia Pacific-based Red Agency, with offices in Australia, Singapore and the Philippines, will all carry the new brand, which encompasses earned, social, experiential and content capabilities. In addition, Red Havas has opened a new office in London and rebranded its Havas PR offices in Manchester and Edinburgh, as well as Havas PR Vietnam and Jakarta. The new brand has expansion plans to Japan and South America within 18-24 months.Marketing Technology News: MuleSoft Sets New Standard for Successful API Strategies With Next Major Release of Anypoint PlatformThe rebranding coincides with major investments into data, content and bespoke insight tools, which will include listening and predictive analytics platforms that will layer in a foretelling media capability not seen before within the industry.“The guiding light of PR has always been to integrate brands’ or organizations’ stories into the daily conversations of the media ecosystem,” says James Wright, global chairman of the Havas PR Global Collective and global CEO of Red Havas. “PR is one of the most powerful tools that brands can use to connect to audiences, but it’s essential that it integrates seamlessly across content types and sources and operates at the pace, and in the ways, of today’s consumer. With content, social and predictive data at the core, we’ve built a model that merges all of the various media sources and essentially redefines the PR capability entirely.”Yannick Bollore, CEO and Chairman of Havas Group, said: “Red Havas is a new, transformational and unmatched micro-agency network that will help redefine PR and its value to clients. Along with the power of Havas Group and the world-class entertainment capabilities we have within Vivendi, the proposition of Merged Media becomes very interesting. We have big ambitions to develop and invest in this further.”Marketing Technology News: Hitachi Vantara Introduces Lumada Video Insights as Video, IoT Analytics and DataOps Drive Smart Spaces Growth and InnovationWright concludes: “Whilst PR has always owned the earned and will continue to, now we must earn the owned in the Merged Media world. That is the ambition of Red Havas.”Some background on the two groups:With hundreds of honors for its client campaigns, creativity, CSR efforts, staff and much more, Havas PR North America is among the most decorated PR groups in the U.S. It is known for leveraging trendspotting to ensure that its clients aren’t just in the news but that they are the news.In recent years, Red Agency Australia has become the biggest agency in its market, winning more than 150 awards across international, regional and domestic award shows, including Cannes Lions, Spikes Asia and PRWeek Awards. It opened in Singapore in 2016 and in Manila in 2018.Red Havas is part of the Havas PR Global Collective, the PR and communications arm of the Havas Group that comprises approximately 40 agencies around the world and more than 1,300 employees. At this stage, there are no plans to rebrand other Havas-owned PR agencies such as Havas Formula, Plead or Maitland which is a member of the AMO Network.Marketing Technology News: IBM Releases AI-Powered Anomaly Detection Capabilities to Mitigate Supply Chain Disruptions Havas Group Reimagines PR Group With Launch of Red Havas PRNewswireMay 16, 2019, 9:05 pmMay 16, 2019 HavasMarketing TechnologyMerged Mediamodern media landscapeNewsPR GroupRed Havas Previous ArticleMoz Announces Updates to Local Presence Management PlatformNext ArticleTealium Raises $55 Million in Series F Fundinglast_img read more

New regulation designs on cigarette packs direct smokers attention to health warnings

first_img Source:https://www.hud.ac.uk/news/2019/january/smokers-health-warning-study/ Reviewed by Alina Shrourou, B.Sc. (Editor)Jan 17 2019With ‘stop smoking’ high on many people’s New Year’s resolution list, Huddersfield researchers use eye-tracking methods to determine the effectiveness of the health warnings on packets. The study compared older-style packets with the new regulation designs.SMOKERS once used to turn a blind eye to health warnings on cigarette packets. But now researchers at the University of Huddersfield have used eye-tracking technology to prove that new-style packs have shifted the focus so that the message about the dangers of smoking is getting through more effectively.Regulations introduced in the UK in 2016 insist that health warnings – consisting of text and pictures – must occupy 65 per cent of the front and back of cigarette and tobacco packaging. The names of the manufacturer and the brand must also now be printed in a low key, standardised style, against a drab brown background.It had been shown that before these new regulations, smokers tended to divert their attention away from text-based warnings, concentrating on the distinctive branding. Would the redesigned packs alter smokers’ attention to health warnings?A team from the Department of Psychology at the University – lecturers Dr Chris Retzler, Dr Jenny Retzler and PhD researcher Nazanin Shiraj – devised a method to appraise the success of the new packs in persuading smokers to assimilate the health warnings. Their findings appear in a journal article and they show that the new design regulations are having the intended effect.Forty-seven adult smokers – aged between 19 and 58 – were recruited to take part in the research. They were selected to include both heavy and light smokers. They were each shown images of pre-regulation and a post-regulation cigarette packs on a computer, while an eye-tracker recorded which parts of the packs they were looking at.Related StoriesAlcohol reduction associated with improved viral suppression in women living with HIVNew regulations on e-cigarettes may have unintended consequencesResearch sheds light on sun-induced DNA damage and repair”Eye movement analysis revealed that for pre-regulation packs, smokers fixated more on the branding than the warnings,” state the researchers. “This pattern was reversed for the post-regulation packs, suggesting that the recent regulations have been effective in reducing attention to brands and increasing attention to warnings.”This means that the warnings are now “the most salient part of the post-regulation cigarette packs”.It had been shown in earlier studies that heavier smokers tended to ignore the health warnings on pre-regulation packs.”They’d smoked for so many years that they just wanted to ignore the outcome,” said Dr Chris Retzler. “But we didn’t find any effect of that with the new packs. We looked at whether attention to either the branding or the health warning varied as a function of how much they smoked, and there was no relation, which is good news for these changes.”It is not yet known if greater heed paid to health warnings will result in more people quitting smoking, but these results have important implications for policy change in countries without such regulations.”They brought in some similar changes to the packs in Australia, prior to our changes in the UK, and they have seen a moderate decrease in the amount that people smoke. But the numbers of people smoking are going down anyway, so to try and separate out the reasons for that is very difficult,” said Dr Retzler, whose research projects have included the use of neuroscience to study addiction. He is currently working with a charity on developing new interventions to persuade people to stop smoking.last_img read more

New WHO strategy aims to reduce the impact of snakebite

first_imgDr Williams said tackling the considerable challenge of snakebite required a globally coordinated effort combining political, technical and financial support from countries, development partners, philanthropists and other stakeholders.Related StoriesResearch sheds light on sun-induced DNA damage and repairScientists develop universal FACS-based approach to heterogenous cell sorting, propelling organoid researchSchwann cells capable of generating protective myelin over nerves finds researchHe said concerted action by governments and other stakeholders had generated the political support to elevate snakebite to the WHO’s neglected tropical diseases list. Advocacy by the University of Melbourne-based Global Snakebite Initiative, Médecins sans Frontières, Health Action International and the US-based Lillian Lincoln Foundation had been crucial in raising the profile of snakebite and driving the campaign for UN Member State support of WHO action.”WHO’s snakebite envenoming road map, which will be officially launched in Geneva on 23 May, presents the first truly global strategy developed to reduce the tremendous burden of human suffering caused by snake bites,” Dr Williams said.Dr Williams said the Working Group – a global team of 28 experts – had proposed a strategy that confronted the problem in all affected countries and emphasized integrating the response into overall efforts to improve the world population’s health.He said the road map’s successful implementation depended on WHO receiving funding support from countries, donors and development partners.”Investing in this work not only benefits victims of snakebite, but also works to improve health systems and health outcomes for whole communities, amplifying the impact and value of this approach,” he said.”The plan calls for snakebite envenoming to be incorporated within national and regional health plans and aligned with global commitments to achieving Universal Health Coverage and the Sustainable Development Goals,” Dr Williams said. Source:https://about.unimelb.edu.au/newsroom/news/2019/february/new-who-strategy-aims-to-halve-the-global-impact-of-snakebite Ensure safe, effective and affordable treatment for all Empower communities at all levels to take proactive action Strengthen health systems to deliver better outcomes Build a global coalition of partners to coordinate action and mobilise resources.center_img Reviewed by James Ives, M.Psych. (Editor)Feb 23 2019A new World Health Organization (WHO) strategy aims to halve the impact of snakebite, which affects 5.4 million people globally each year, kills up to 138 000 and leaves 400 000 suffering permanent physical and psychological disabilities.University of Melbourne snakebite expert David Williams, who heads the Australian Venom Research Unit, has played a key role in developing the strategy in his position as Chair of the WHO’s Snakebite Envenoming Working Group.In India alone, snakes bite more than 2.8 million people each year, causing an estimated 46 000 deaths. In Africa, snakebite kills about 32 000 people annually and leaves tens of thousands more with permanent disabilities.The WHO-led strategy is the first global plan to minimize snakebite’s huge health and socio-economic cost. It aims to reduce the death and disability burden by 50 per cent by 2030, through a comprehensive strategy that includes delivering up to three million effective snakebite treatments annually.The strategy, outlined in a paper by Dr Williams and colleagues in the latest PLOS Neglected Tropical Diseases, aims to:last_img read more

How technology could help rural South Africa turn sunshine into income

first_imgThe good news is that South Africa is one of the most suitable places to harness the energy of the sun and convert it to electricity through photovoltaics. The prices for panels have reduced significantly and can be mounted on every shack. Individual storage solutions in contrast are currently unaffordable. So, the ability to sell excess electricity would be ideal. The creation of markets where households can sell their excess electricity would also stimulate demand for photovoltaics across rural Africa. In this way households producing electricity through photovoltaic panels on their rooftops can trade their excess electricity and buy electricity when needed.These trades can be recorded by the blockchain. The exchange mechanism would not be based on South African rands. Instead, the traded electricity units would be converted directly into a blockchain-based crypto-currency. The blockchain currency could then be converted into vouchers to pay for government services or to repay the loans taken to install the photovoltaic panels.In this way blockchain would replace both the current billing and the trading systems. If households see the economic benefit and start installing more capacity than needed by the immediate community, aggregators might bundle up the power generation to respond to demand and sell it again directly to other consumers. These consumers could include nearby factories.Flexible electricity grid is keyFor photovoltaic to contribute to the grid security, PV plants must be run by operating systems that allow for better interaction with the electricity grid. They must be able to interact with other renewable energy sources and storage systems. Despite considerable process, these required systems are still under development. If South Africa positions itself well, it could become a test bed for these technologies and thereby benefit from investments in research and development by major international corporations that have an interest in driving these trial runs.The integration of distributed ledger technologies into energy trading would be a logical next step for South Africa. Already in 2011, the National Energy Regulator of South Africa allowed municipalities to connect to their networks small-scale embedded generation of under 100 kW. Two years later, the updated integrated resource plan stressed the need for adaptive energy investments. In particular, rooftop solar PV was identified as an interesting source of energy.Developing countries have an advantageThe move to a decentralized electricity market with distributed ledger blockchain technology at its core will take much longer in the West. By some estimates as long as 25 years. This is because of their deeply integrated electricity markets and legal systems that can’t be changed easily to create the necessary environment. Nevertheless, interest in attractive reward systems for individual producers is also rising in Europe.On the other hand developing countries might have an advantage. Countries, including South Africa, which have sections of their populations not connected to the electric grid, could make the transition to decentralized electricity markets much quicker.This points to the possibility that the distributed ledger technologies might follow the same path as the diffusion of mobile phones across the African continent. This would enable ways for alternative energy technologies to leapfrog the expensive centralized grid systems. But the transition to decentralized electricity production and trading markets won’t necessarily be smooth. One of the biggest challenges in getting blockchain applications up and running is trust. In most countries consumers have already built trust in the centralized institutions. Not so in South Africa where trust in Eskom is in negative territory. Given this state of affairs, the country could take advantage of the power utility’s challenge by increasing the use of technology in the rural areas and so turning sunshine into income. Citation: How technology could help rural South Africa turn sunshine into income (2019, June 3) retrieved 17 July 2019 from https://phys.org/news/2019-06-technology-rural-south-africa-sunshine.html But for a decentralized system to be sustainable, a flexible grid is required to accommodate variable renewable energy sources. A flexible grid also enables operators of the electricity system to balance demand and supply. A decentralized energy system also requires an exchange mechanism to link buyers and sellers. In South Africa, the state utility Eskom currently fulfills this role. It effectively acts as a central clearing house. It does this by buying electricity from renewable power projects, adding it to its own generated energy and selling it to consumers.But there are technologies being developed that could do away with the need for a clearing house like this. One is a distributed ledger technology, of which blockchain is an example. The use of this technology would allow small-scale transactions between buyers and sellers to be captured and recorded. In this way, it could facilitate the development of small-scale electricity trading markets. Blockchain has been identified as one of the pivotal technologies alongside Artificial intelligence, Internet of things and Big Data. Interest in applying the blockchain technology to energy markets is slowly picking up.Decentralised gridIn South Africa 15.6% of the households are not connected to an electricity supply. This is unlikely to change in the near future with centralized power production because it requires major investments to extend power lines to remote communities. For these communities, having their own decentralized grid solutions holds tremendous economic potential. The way energy is produced and distributed is changing rapidly as the industry moves away from carbon-based energy production. Technological development in the production of alternative energy has also sped up the emergence of decentralized systems. These build on large numbers of actors who generate small quantities of energy. This article is republished from The Conversation under a Creative Commons license. Read the original article. Explore furthercenter_img Solar has lit up remote communities. The next step is to link these communities to an energy market. Credit: Shutterstock The future of renewable infrastructure is uncertain without good planning Provided by The Conversation 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.last_img read more

Uber chief tightens grip with top execs departures

first_imgUber’s chief operating officer and head of marketing will leave in a leadership shake-up that will result in the company’s shared rides and food delivery platforms reporting directly to CEO Dara Khosrowshahi (pictured May 2019) Uber posts $1 bn loss in Q1 on growing revenue 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. © 2019 AFP Citation: Uber chief tightens grip with top execs’ departures (2019, June 8) retrieved 17 July 2019 from https://phys.org/news/2019-06-uber-chief-tightens-execs-departures.htmlcenter_img Explore further Uber chief Dara Khosrowshahi put out word Friday that he is tightening his grip on the wheel at the ride-share firm in the wake of a bumpy stock market debut. The company’s chief operating officer and head of marketing will leave in a leadership shake-up that will result in Uber’s shared rides and food delivery platforms reporting directly to Khosrowshahi, according to a copy of an internal email provided to AFP.Khosrowshahi credited the maturing of operations at the San Francisco-based company and the completion of its initial public offering last month with enabling him to make the management moves.”I now have the ability to be even more involved in the day-to-day operations of our biggest businesses, the core platform of Rides and Eats, and have decided they should report directly to me,” Khosrowshahi said in his message to employees.”This will allow me to be more hands on and help our leaders problem-solve in real time, while also ensuring that we make our platform vision a reality.”He cited a need for a clear and consistent “narrative” at Uber when it comes to how the company is seen by consumers, partners, policymakers and the press as a factor in his decision to consolidate the marketing, communications and policy teams.”There’s never really a right time to announce departures or changes like this, but with the IPO behind us, I felt this was a good moment to simplify our (organization) and set us up for the future,” Khosrowshahi said.Uber shares that ended the formal trading day down slipped 1.2 percent to $43.63 in after-market trades.In its first earnings report as a publicly traded company last month, Uber said revenue climbed 20 percent to $3.1 billion from the same quarter last year, but that it lost $1 billion.The earnings were in line with Wall Street expectations. After debuting at $45 for the initial public offering—translating to a market value of $82 billion—Uber shares went into reverse.The decline came amid doubts over Uber’s path to profitability despite one of the biggest tech IPOs ever.While Uber has lost billions since offering its first rides in 2011 in San Francisco, it envisions becoming the “Amazon of transportation” in a future where people share instead of owning vehicles.last_img read more