US to ask for social media details from all visa applicants

first_img By: Matthew LeeSource: The Associated Press << Previous PostNext Post >> Monday, April 2, 2018 Tags: America, Donald Trump WASHINGTON — The State Department wants to require all U.S. visa applicants to submit their social media usernames, previous email addresses and phone numbers, vastly expanding the Trump administration’s enhanced vetting of potential immigrants and visitors.In documents to be published in Friday’s Federal Register, the department said it wants the public to comment on the proposed new requirements, which will affect nearly 15 million foreigners who apply for visas to enter the U.S. each year. Previously, social media, email and phone number histories were only sought from applicants identified for extra scrutiny, such as those who have travelled to areas controlled by terrorist organizations. An estimated 65,000 people per year are in that category.The new rules would apply to virtually all applicants for immigrant and non-immigrant visas. The department estimates it would affect 710,000 immigrant visa applicants and 14 million non-immigrant visa applicants, including those who want to come to the U.S. for business or education, according to the documents.More news:  Virgin Voyages de-activates Quebec accounts at FirstMates agent portalThe documents were posted on the Federal Register’s website on Thursday but the 60-day public comment period won’t begin until Friday’s edition is published.If the requirements are approved by the Office of Management and Budget, applications for all visa types would list a number of social media platforms and require the applicant to provide any account names they may have had on them over the previous five years. It would also give the applicant the option to volunteer information about social media accounts on platforms not listed in the application.In addition to their social media histories, visa applicants will be asked for five years of previously used telephone numbers, email addresses, international travel and deportation status, as well as whether any family members have been involved in terrorist activities.Only applicants for certain diplomatic and official visa types may be exempted from the requirements, the documents said. U.S. to ask for social media details from all visa applicants Sharelast_img read more

May 4 2003 RICHIE HAVENS The concert season at A

first_imgMay 4, 2003RICHIE HAVENS: The concert season at Arcosanti started with a wonderful performance by Richie Havens. [Photo: Henry Diltz & text: sa] For each concert/dinner combination, the audience is invited to arrive before dinner for a special tour. [Photo & text: sa] The cafe is nicely prepared for the concert dinner. Set-up crew and serving staff [from left] Roma Tre student Francesca Venturoni, April workshopper Robert Clyde, maintenance staff member Gwen Birk, Roma Tre student Chiara Voicu and Italian Project staff member Matteo di Michele. [Photo & text: sa] Chef Jim Powell directs the set-up of the serving line. The menu for the evening is: Chickenbreast sauteed with Rosemary and Thyme, Tempeh sauteed with Cilantro and Cremini Mushrooms, Jasmine Rice, Eggplant roasted in Olive Oil and steamed Asparagus with roasted Red Pepper Sauce. The dessert was Rasberry Sorbet served with Anise and Mint Dark Chocolate. [Photo & text: sa] The serving crew is in place and ready for action. [Photo & text: sa] Appreciative comments could be heard throughout the diningroom. Dinner was delicious. [Photo & text: sa] Richie Havens arrived in the early afternoon and spend some warm-up time with his accompanist Walter Parks. [Photo & text: sa] [Photo: sa] [Photos: sa] The concert was well received. Richie Havens entertained the crowd with thoughtful songs and some very funny stories. It was a pleasure to attend another well organized event at Arcosanti. [Photo & text: sa]last_img read more

STV the broadcaster and Scottish ITV franchise ho

first_imgSTV, the broadcaster and Scottish ITV franchise holder, has launched a content platform on the YouView platform.STV was selected as one of the first of two initial additional content partners from over 300 expressions of interest from potential partners, with Sky’s new internet TV service Now TV being the other partner. STV Player is now available on YouView, the UK’s new connected TV platform.Viewers can watch STV programmes live as well as catching up on shows including Coronation Street, Emmerdale and X Factor via the STV Player or through the search function on the YouView programme guide. The service is only available within STV’s Scottish license area.Richard Halton, YouView CEO, said: “We are very pleased to have STV on board as one of the first content partners for YouView. STV is one of the UK’s most popular television networks offering brilliant original content and it is great that their player is now live on YouView, giving users on-demand access to the channel.”last_img read more

Satellite operator Eutelsat now claims to offer mo

first_imgSatellite operator Eutelsat now claims to offer more than 1,000 channels in high definition, following the launch of Chinese channel CGTN HD in Europe earlier this month.Eutelsat said that HD TV continues to gain ground across its broadcast satellites, with 240 HD channels launched in 2016 – equalling the total number launched during the previous two years.HD take-up was particularly strong at Eutelsat’s flagship Hotbird position, with HD channels now accounting for almost one in four channels in the line-up.Eutelsat attributed this to progressive HD adoption by public broadcasters like Rai and CCTV; new premium pay TV content in flagship platforms including Sky Italia, Polsat, nc+ and Nova; and a wave of new free-to-air channels like Euronews HD and Al Jazeera English.Eutelsat said that its Hotbird neighbourhood now has a total of 250 HD channels, up 25% year-on-year.The other two neighbourhoods it highlighted as notable for “exclusive content and market leadership” were: its 7/8° West position over the Middle East and North Africa, which has almost 150 HD channels, up 40% in a year; and its 36° East position, serving Russian and African markets, which has 114 HD channels, up 14%.Eutelsat’s commercial and development director, Michel Azibert, described last year as a “tipping point for High Definition TV across our portfolio of video neighbourhoods, culminating in a new landmark of 1,000 channels, many of which are exclusive to Eutelsat”.“We are fully equipped to accommodate this accelerating pace and to work closely with broadcasters as they transition to an enhanced viewing experience.”Eutelsat’s 1,000 HD channel mark was reached following the launch of CGTN HD, the news and current affairs channel of China’s CCTV media organization. This represented CCTV’s first move into HDTV in Europe.last_img read more

Good day And welcome to another week  We had som

first_imgGood day. And welcome to another week.  We had some great weekend weather which I took advantage of watching my son’s football game Saturday and daughter’s soccer and field hockey games yesterday.  None of the games resulted in wins, but I enjoyed myself in spite of the outcomes.  The labor data here in the US provided the equity markets with a pleasant outcome Friday as stocks ended the week on a positive note.  The dollar didn’t have such a good week, dropping just over one and one half percent vs. the major currencies.  This week will be dominated by the FOMC meeting here in the US and the German constitutional court ruling on the other side of the pond.But we will start with a recap of events on Friday.  The US labor department reported the biggest decline in factory jobs in two years, contributing to a disappointing increase in payrolls during August.  The US economy added just 96,000 jobs last month after a revised 141,000 increase in July.  The median estimate of economists surveyed by Bloomberg called for a gain of 130,000 jobs.  Factory payrolls declined by 15,000 workers last month and was the major contributor to the drop in jobs.  Details of the report showed the workweek shrank, and the number of industries hiring new workers plunged to the lowest level in almost three years.  Definitely not a good sign for the prospects of the unemployed factory workers, and exactly what the current administration didn’t want to see.  A lot was made of the rebound in the auto industry, but the data showing manufacturing jobs have decreased throws cold water on that line of thought.But the President and his supporters can still point to the unemployment rate which dropped to 8.1%.  Yes, the number of people working dropped, at the same time the unemployment rate also dropped.  Much like last month, the unemployment rate and monthly jobs data seemed to be in conflict.  But unlike last month when the difference was blamed on inconsistencies in the generation of the reports, this month’s conflict could be more easily explained.  Americans are leaving the workforce at a faster pace than they are entering it.   368,000 Americans left the labor force last month, most of them giving up looking for new work.  The participation rate, which shows the share of working-age people in the labor force, fell to 63.5% from 63.7%.  There are currently fewer working-age people in the labor force than at any time since September 1981.  That one piece of data is a great indicator of just how bad things are here in the US.The labor data have increased the odds of action by Bernanke this week.  The Federal Open Markets Committee will be meeting on Wednesday and Thursday, and the Chairman is expected to announce another round of stimulus for the markets during his press conference Thursday morning.  During my presentations out in San Francisco, I shared my thoughts that there was just slightly higher than a 50% chance of another stimulus announcement this month.  I felt it was just too close to the Presidential election for the Fed to act; as they try to avoid the appearance of being too political.  But Chairman Bernanke has pointed toward the stagnant labor market as the key to further stimulus, and Friday’s report should provide him plenty of cover to avoid looking too political.  The markets are certainly expecting Bernanke to announce another round of stimulus; I saw a survey this morning which put the odds of another stimulus announcement this week at 99%!!The question now is exactly what will Bernanke announce.  Some now believe he will model his new program off of the ECB’s, announcing unlimited additional bond buying.  This would allow the Fed to continue purchasing bonds until they feel the economy shows more definite signs of recovery.  The advantage of this program, as shown by the reaction to the ECB’s announcement last week, is that the markets can’t question the ability of the central bank to take action.  But unlike the ECB program which is solely aimed at sovereign debt within 3 years, the Feds new program will likely be aimed at mortgage debt with longer maturities.  Another difference is that the ECB won’t buy bonds unless a country asks for a rescue, and then the bond purchases will come with austerity commitments by the country seeking help.  The Fed’s quantitative easing program won’t have any austerity measure tied to it, in fact it is more of an ‘anti austerity’ program adding to our deficits and debt in the interest of stimulating growth.Friday’s labor report and the resulting increase in expectations for another round of stimulus led to a rally in gold and treasuries and a continued fall in the value of the US$. Investors, worried about the inflationary impact of additional stimulus measures, took gold to the lofty levels it was trading at back in March.  While prices moved down a bit going into the weekend, gold is still firmly entrenched in an upward trend and certainly looks like it will challenge it’s former highs.The dollar lost ground vs. most of the major currencies on Friday, ending a week in which the dollar index fell over 1.5%.  I guess the ‘Chuck is off the desk rally’ held true again.  In years past, whenever Chuck is off the desk for an extended period, we always seem to have a currency rally, and last week’s dollar action was a confirmation of this pattern.  As I explained last week, the reason for the fall in the US$ is a fairly simple case of supply and demand.  The Fed will be creating a whole lot of dollars which it will be using for the bond purchases, and this increase in supply will eventually lead to inflation.  It may not be reflected immediately in the price of goods and services, as international investors still seem to have an appetite for the freshly minted currency.  But eventually the demand will slacken, and at that point we could see a spike in inflation.  Bernanke has told us he is aware of this risk, but he is convinced the Fed can pull the newly created dollars back out of the markets as fast as he is adding them.  I guess we will just have to wait and see if he is correct, but the markets are starting to hedge their bets.The ECB action last week helped the euro push above the $1.28 handle, but it gave it back and is hovering just below it this morning.  Concerns over the German Constitutional ruling due out this week, combined with renewed concerns in Greece put a lid on the appreciation of the single currency.   The German court is expected to give its ruling on Germany’s participation in the European Stability Mechanism on Wednesday.  The court is expected to allow for Germany’s participation, but currency traders are worried they may put stipulations on any future participation of Germany in European bailouts.  Both German Chancellor Angel Merkel and Finance Minister Wolfgang Schaeuble are confident the German court will allow the establishment of the ESM, allowing the bailouts to continue.Greek Prime Minister Antonis Samaras is due to meet officials from the ECB, IMF, and EU today.  Samaras failed to secure an agreement to the 11.5 billion spending cuts required for the release of the next round of rescue funding.  After this year’s two elections, Samaras is operating with a minority government and must get his two coalition partners to agree to the austerity measures.  At least one of the two is demanding the cuts be combined with growth measures. “The recession is deep and if these measures aren’t accompanied by growth measures, they will be ineffective,” according to Greece’s Democratic Left leader Fotis Kouvelis.  “Our European partners need to know that Greeks can’t take anymore.  Nothing can be taken for granted.”  Sounds like we could be in for some more volatility in Greece.  We warned you that the rollercoaster ride of the euro isn’t over yet, so just make sure you are strapped in!The Canadian dollar rallied to a yearly high this morning after a report showed employment in our northern neighbor rose faster than forecast.  Canadian employment rose by 34,300 jobs in August, offsetting a decrease of 30,400 the month before.  The unemployment rate remained at 7.3%, right on target with median forecasts.  While the number was definitely a positive sign, the Canadian economy is expected to remain in a slow growth mode.  Last week the Bank of Canada left the key interest rate unchanged at 1% in an effort to encourage investment and consumption to drive growth.Carney has reflected a hawkish tone, as increases in the prices of commodities which make up the majority of Canada’s exports threaten to push up Canadian inflation rates.  The increase in commodity prices caused the BOC to reiterate that interest rates may have to be raised in order to prevent inflation from accelerating.  Following last week’s BOC meeting, Carney said “some modest withdrawal of the present considerable monetary policy stimulus may become appropriate.”  Higher interest rates would give even more support to the Canadian dollar, sending it to new yearly highs.The Australian dollar moved lower in early European trading after a report showed China’s imports slowed.  Both Canada and Australia have commodity driven economies, and the commodity markets are dependent on strong demand  from China.  A report released earlier today showed China’s imports slid 2.6% in August from a year earlier, the first decline since January.  The same report showed Chinese exports rose 2.7% and a different report showed production increased 8.9%.  The Chinese President sounded a warning, saying China’s economic expansion faces ‘notable downward pressure’.The pace of the global economic recovery is going to be dependent on Asia, as both the US and Europe’s economies continue to struggle.  So the news that Chinese imports slowed are worrying.  China has been slowly changing from an export driven economy into one driven more by internal consumption, so the slowdown in imports is concerning.  And concerns regarding the Asian growth prospects were heightened further with the release of Japanese GDP measures which showed the economy grew at just .7% during the 2nd quarter, less than the preliminary reports which predicted a 1.4% increase.  The median forecast of economists was right in the middle of the two figures at 1%.  The spending which was necessitated by last year’s earthquake and tsunami helped push GDP up slightly, but that spending is now over and gridlock in the Japanese parliament is preventing any additional stimulus.  There is a good chance the Japanese economy could slip back into contraction in the 3rd quarter.  I continue to warn against investments in the Japanese yen, and actually look at it as one of the currencies which could fall the most as investors start to move back into higher yielding currencies.To recap. Friday’s monthly jobs reports showed a US economy which is still struggling to recover, and put the possibility of a stimulus announcement by the Fed at almost 100%.  The future of the ESM (and therefore the euro) rests in the hands of a German Constitutional court which is expected to rule later this week.  But the court is widely expected to rule in the euro’s favor, and the single currency continued to rally.  The possibility of another round of stimulus had gold rallying along with the commodity currencies.  The loonie hit a yearly high but the Australian dollar moved lower after a Chinese report showed imports decreasing.  Japan’s GDP came in at ½ of what was originally predicted, and further stimulus isn’t in the cards for the Japanese yen.Currencies today 9/10/12. American Style: A$ $1.0353, kiwi .8106, C$ $1.0239, euro 1.2781, sterling 1.6009, Swiss $1.0562. European Style: rand 8.1789, krone 5.7822, SEK 6.6390, forint 223.04, zloty 3.2178, koruna 19.177, RUB 31.7243, yen 78.28, sing 1.2365, HKD 7.7559, INR 55.3875, China 6.3377, pesos 12.9622, BRL 2.029, Dollar Index 80.336, Oil $96.46, 10-year 1.67%, Silver $33.6925, Gold $1,734.57, and Platinum $1,596.75That’s it for today.  Tough loss for both our football teams this weekend.  Mizzou looked good for the first three quarters in their opening SEC game vs. Georgia, but just couldn’t hang with the dawgs at the end of the game.  And the St. Louis Rams dropped their season opener during the final 10 seconds of the game played up in Detroit.  My son’s high school team got routed on Saturday morning after their game Friday night was delayed because of a storm which rolled through during the first half.  Not a good football weekend, but I enjoyed it still as the weather was absolutely fantastic Saturday and Sunday.  The trading floor has a new look this morning as workers installed several new desks over the weekend to keep up with our growth.  Things are a bit cozier now and I’m sure the noise volume will increase as we put butts in all the new seats; but that is what I like about being out on the floor, all the noise and activity are what makes it a trading floor.  Gone on a bit long this morning, so I will just thank all of you readers for sharing your morning with me.  Hopefully this will be a Marvelous Monday and a great start to your week!Chris Gaffney, CFA SVP & Director of Sales T. 314-951-1619 EverBank World Markets 8300 Eager Road, Ste. 700, St. Louis, MO. 63144 EverBank.comlast_img read more

The Shiller PE SP 500 divided by the 10year av

first_imgThe Shiller P/E (S&P 500 divided by the 10-year average of inflation-adjusted earnings) is now 27, versus a long-term historical norm of 15 prior to the late 1990s bubble. Importantly, the profit margin embedded into the Shiller P/E is currently 6.7% versus a historical norm of just 5.4%. The implied margin is simply the denominator of the Shiller P/E divided by current S&P 500 revenues (the ratio of trailing 12-month earnings to revenues is even higher at 8.9%). As I showed in “Margins, Multiples and the Iron Law of Valuation,” taking this embedded margin into account significantly improves the usefulness and correlation of the Shiller P/E in explaining actual subsequent market returns. With this adjustment, the margin-adjusted Shiller P/E is now nearly 34, easily more than double its historical norm. This fact is important, because the Shiller P/E averaged 40 during the first nine months of 2000 as the tech bubble was peaking. But that Shiller P/E was associated with an embedded profit margin of only 5.0%. Adjusting for that embedded margin brings the margin-adjusted Shiller P/E at the 2000 peak to 37. Quite simply, stocks are a claim not on one or two years of earnings, but on a very long-term stream of cash flows that will actually be delivered into the hands of investors over time. For the S&P 500, that stream has an effective duration of about 50 years. At normal valuations, stocks have a duration of about half that because a larger proportion of the cash flows is delivered up front. The point is that our concerns about valuation aren’t based on what profit margins might do over the next several years. To take earnings-based valuation measures at face value here is essentially a statement that current record-high profit margins, despite being highly cyclical across history, will remain at a permanently high plateau for the next five decades. That’s the only way that one can use current earnings as representative of the long-term stream of cash flows that stocks will deliver over time. In order to use a simple P/E multiple to value stocks, this representativeness assumption is an absolute requirement. On other measures that have an even stronger historical correlation with actual subsequent market returns than either the Shiller P/E or the S&P 500 price/operating earnings ratio, the ratio of stock market capitalization to GDP is now about 1.33, compared to a pre-bubble norm of 0.55. The S&P 500 price/revenue multiple is now about 1.80, versus a historical norm of 0.80. On the measures we find most reliably associated with actual subsequent 10-year market returns (with a correlation of about 90%), the S&P 500 is not just double, but about 120-140% above historical norms. On a broader set of reliable but more varied measures, the elevation averages about 116%. Current equity valuations provide no margin of safety for long-term investors. One might as well be investing on a dare. It may seem preposterous to suggest that equities are literally more than double the level that would provide a historically adequate long-term return, but the same was true in 2000, which is why the S&P 500 experienced negative total returns over the following decade, even by 2010 after it had rebounded nearly 80% from the 2009 lows. Compared with 2000 when we estimated negative 10-year total returns for the S&P 500 even on the most optimistic assumptions, we presently estimate S&P 500 10-year nominal total returns averaging about 1.3% annually over the coming decade. Low interest rates don’t change this expectation—they just make the outlook for a standard investment mix even more dismal and the case for alternative investments stronger than at any point since 2000. I’ll repeat that if one associates historically “normal” equity returns with Treasury bill yields of about 4%, the promise to hold short-term interest rates at zero for 3-4 years only “justifies” equity valuations 12-16% above historical norms. Again, at more than double those historical norms, current equity valuations provide no margin of safety for long-term investors. To put some full-cycle perspective around present valuations, understand that 1929 and 2000 are the only historical references to similar extremes. Moreover, aside from the 2000-2002 bear market (which ended at fairly elevated valuations but still allowed us to shift to a constructive outlook in early 2003), no bear market in history—including 2009—ended with prospective 10-year returns less than 8% (See “Ockham’s Razor and the Market Cycle” to review the arithmetic of these estimates). This was true even in historical periods when short- and long-term interest rates were similar to current levels. Currently, such an improvement in prospective equity returns would require a move to about 1,200 on the S&P 500, which we would view as a fairly pedestrian completion of the current market cycle—certainly not an outlier from the standpoint of historical experience. Major secular valuation lows like 1949, 1974, and 1982 pushed stocks to valuations consistent with prospective 10-year returns over 18% annually, and dragged the S&P 500 price/revenue ratio to about 0.40, and the ratio of market capitalization/GDP to about 0.33. At present, a secular valuation low would require “S&P 500” to be not only an index but a price target—though one that would also make a rather satisfying megaphone pattern out of the past 15 years of market action. Such an outcome only seems preposterous if one ignores the cyclicality of profit margins and assumes they have established a permanently high plateau. In any event, with the current price/revenue ratio at 1.80 and market cap/GDP at 1.33, the notion that stocks are in the early phase of a secular bull market (as some Wall Street analysts have suggested) can only reflect a complete ignorance of the historical record. The Line Between Rational Speculation and Market Collapse However—and this is really where the experience of the past few years and our research-based adaptations come into play—there are some conditions that historically appear capable of supporting what might be called “rational speculation” even in a severely overvalued market. Depending on the level of overvaluation, a safety net might be required in any event, and that would certainly be the case if those conditions were to re-emerge here. But following my 2009 insistence on stress-testing our methods against Depression-era data, and the terribly awkward transition that we experienced until we nailed down these distinctions in our present methods, the central lesson is worth repeating: Neither our stress-testing against Depression-era data, nor the adaptations we’ve made in response extreme yield-seeking speculation, do anything to diminish our conviction that historically reliable valuation measures are of immense importance to investors. Rather, the lessons to be drawn have to do with the criteria that distinguish periods where valuations have little near-term impact from periods where they suddenly matter with a vengeance. I detailed these lessons in my June 16, 2014 comment—“Formula for Market Extremes” (see the section titled Lessons from the Recent Half Cycle). That’s really the point at which we were finally able to put a box around this awkward transition and view it as fully addressed. See also “Air Pockets, Free Falls, and Crashes,” “A Most Important Distinction,” and “Hard-Won Lessons and the Bird in the Hand.” Historically, the emergence of extremely overvalued, overbought, overbullish conditions has typically been followed by an “unpleasant skew”—a succession of small but persistent marginal new highs, followed by a vertical collapse in which weeks or months of gains are wiped out in a handful of sessions. In prior market cycles, more often than not, periods of extremely overextended conditions were also already accompanied by a subtle deterioration in market internals or widening credit spreads. In recent years, the persistent yield-seeking speculation encouraged by quantitative easing has weakened the overlap between these two conditions. That is, we’ve had repeated periods of severely overvalued, overbought, overbullish conditions, but they often have not been accompanied by internal deterioration or widening credit spreads. In those periods, stocks were generally resilient to significant losses. In contrast—even since 2009—periods that have joined 1) overvalued, overbought, overbullish conditions with 2) deteriorating internals or widening credit spreads have been responsible for nearly stairstep market losses. During the tech bubble, we introduced considerations related to market internals (what I often called “trend uniformity”) as an overlay to our value-driven models. So our pre-2009 method of classifying market return/risk profiles had this distinction hard-wired into it. The ensemble methods that came out of our 2009-2010 stress-testing efforts were more effective in market cycles across history—including Depression-era data—but while they included trend-sensitive measures, they didn’t impose them as an overlay. The basic narrative of the transition from those pre-2009 methods to our present ones boils down to 1) our self-inflicted stress testing miss, and 2) the need to re-introduce those overlays (albeit in a somewhat different form) to make our methods more tolerant of speculative bubbles. We certainly learned all of this the hard way, and my hope is that others will draw some benefit from that experience. Unfortunately, my sense is that many have learned entirely the wrong lesson, and are just as vulnerable to the next crash as they were to the other two collapses in recent memory. You can see the effect of imposing those overlays in the narrowing of conditions under which we view a hard-negative outlook as appropriate. See last week’s comment, “Iceberg at the Starboard Bow,” for a chart of the cumulative performance of the S&P 500 across history in periods restricted to the conditions we presently observe. Now, if we do observe an improvement in market internals and credit spreads, it would not make valuations any less obscene, but it would significantly ease our immediate concerns about market losses. A safety net would be required in any event, but there is a range of possible outlooks between hard-negative and constructive with a safety net. I suspect that the range of variation in our investment outlook is likely to be very confusing in the coming years to those who have swallowed the hook that I’m a permabear, because our present methods would have encouraged an unhedged, leveraged investment stance through about 62% of history (including over 20% of recent cycle—though at no time in the past three years). That’s exactly what I encouraged for years following the 1990 bear market—a leveraged stance. Those who’ve followed my work over the long term should recognize that the framework I’ve presented helps to understand both my major successes and my periodic failures—exasperating during bubbles, but ultimately vindicated—through decades in the financial markets. This isn’t an accident, because it also helps to understand the bubbles and crashes of the equity market itself in market cycles across a century of history. What this framework requires, primarily, is the ability to withstand the cognitive dissonance of markets that are outrageously overvalued or undervalued, but persist until subtle deterioration or improvement in observable market internals and credit spreads indicates a shift in investor risk preferences. Again, we completed the transition from our pre-2009 method to our present method of classifying market return/risk profiles in June. The resulting adaptations are robust to market cycles across history, including the Depression, including recent bubbles and crashes, and including the current cycle. With these adaptations in place, nothing in recent years leaves us concerned that we would be unable to navigate a long continuation of the recent bull market (unlikely as we might view that outcome). We don’t need to hope for a market collapse, nor dread the possibility of a further advance. Our primary goal is simply to maintain a historically informed discipline and align our outlook consistently as market conditions change. At present, the fact that we are highly concerned about market risk is a reflection of a market environment that joins extremely overvalued, overbought, overbullish conditions with still-troubling dispersion in market internals and a widening of credit spreads. That will change. In short, our concerns about market risk remain extreme at present, and will shift considerably as the evidence changes.last_img read more

Recommended Link

first_imgRecommended Link Recommended Link Watch now Click here to for the latest update — Transfer the funds you’ve set aside for crypto to the exchange and buy bitcoin. Justin’s note: Today, we have a big-picture update on the crypto market from Casey Research’s in-house crypto specialist, Marco Wutzer. Below, Marco shows us why the blockchain and cryptos are still going to create a huge amount of wealth for smart speculators… why the next bull market will be more powerful than the last… and how you can start profiting today. By Marco Wutzer, senior analyst, Disruptive ProfitsEight seconds.That’s how long you have to grab someone’s attention before they mentally drift off to the next thing. That’s one second less than a goldfish.Thanks to constant interruptions by smartphones and multitasking, our attention spans are getting shorter all the time.This is also reflected in absurd investor behavior…Over the last five decades, the average holding period for a stock has steadily declined. It’s fallen from eight years to a mere four months since the 1960s. You can see this in the chart below:I wouldn’t be surprised if that average is even shorter in the fast-paced, 24/7 crypto market.Why am I telling you this?Put simply, if you want to be a successful crypto speculator, you need to take a long-term view. Download and install a crypto wallet. Exodus is my personal favorite. — Will Donald Trump Be Your Last President?…A major political coup is unfolding in America that will topple Donald Trump’s presidency… Only those who prepare will be able to live in peace in a new socialist America. In this video, we lay out the simple steps you can take right now to protect your assets but survive the next recession…center_img The Future Takes Time to BuildThe internet took 30 years to become mainstream. Blockchain technology is barely 10 years old and has only received serious attention for the last three years or so.Rewiring the global financial system and the larger economy takes a long time. Still, the Blockchain Ecosystem is developing fast. And it’s spreading like a virus.Eventually, it will take over all the aspects of our daily lives in which it makes sense to use a trust-minimized system.You see, nature is trending towards higher orders of complexity.In short, blockchain technology is peer-to-peer, immutable, and censorship-resistant. This enables us to build a freer, more complex society outside the limitations of nation-states.Building the future takes time. It’ll be another three to five years or so until cryptocurrencies reach mass adoption.But luckily, we don’t have to wait for this to fully play out to profit as speculators.That’s because markets move in cycles. Each cycle brings in a new wave of cryptocurrency adopters.I deal with the Blockchain Ecosystem on a daily basis. So it’s easy for me to forget that there are billions of people on this planet that have never even heard of blockchain technology.I was reminded of this recently at Doug Casey’s estancia in Uruguay. We were having dinner with a cosmopolitan, affluent Uruguayan couple.She is a lawyer and real estate broker, and he is retired with a background in many business ventures, including being a stock broker at one time.In other words, they’re wealthy, educated people who travel the world… not local, isolated farmers.When Doug asked them what they think about cryptocurrencies, it turned out they had never even heard about bitcoin.This goes to show that we still have a very long way to go. Most of the growth is still ahead of us. Transfer a small amount of bitcoin – the equivalent of a few dollars – to your crypto wallet. Open an account with an exchange where you can trade your fiat currencies to crypto. (I recommend itBit or Bitstamp to my Disruptive Profits subscribers.) Congratulations!You’re now part of the still small and exclusive club of crypto pioneers… And you’ll be ready to take advantage of the next bull market when it kicks off.To disruptive profits,Marco Wutzer Senior Analyst, Disruptive ProfitsJustin’s note: Once you’ve got some bitcoin, you can start speculating on the future of blockchain technology… the plays that will mint a new generation of millionaires.Marco is on top of all of the most exclusive developments in this space. Go here to check out how to get access to his best picks.Reader MailbagAre you buying bitcoin today? Do you think that digital currencies are a big money-making opportunity right now? Share your thoughts at feedback@caseyresearch.com.You’re Invited…To spend time with your favorite investing masterminds in southern California… the only time this year that all of Casey Research’s gurus will be together on one stage…And as a Dispatch reader, you’ve got an exclusive invitation to join us at the second annual Legacy Investment Summit on September 23-25.Join the smartest minds in finance – like the legendary Doug Casey, former hedge fund manager Teeka Tiwari, master trader Jeff Clark, and angel investor Jeff Brown – for their exclusive, in-person insights.And for a limited time, you can secure your tickets for hundreds less than everyone else will pay… Make sure you back up your recovery phrase so you can restore your wallet if something goes wrong. (Think of the recovery phrase as your password.) 5-Billion-Year-Old Bacteria Unlocks the Way to Beat Cancer at the Genetic LevelIt’s hard to fathom a bacteria from the dawn of Earth holding the key to curing cancer, but then again, it is the starting point of all known life… and these 3 companies hold all the key patents to this bacterial breakthrough. Superior Solutions, Growing AwarenessA crypto seed was planted in the Uruguayan couple’s heads that evening.They might not investigate the topic much further right away… But two more people on the planet are now aware that cryptocurrencies exist and offer superior solutions to many problems.Think about that for a moment. Variations of this conversation play out thousands of times a day across the globe.That’s why from 2015 to the end of last year, the number of people who use blockchain wallets grew over 900%.That means almost 29 million more people use blockchain wallets today than just four years ago.No matter if we are in a bull or bear market, the crypto meme is spreading and reaching more people.Even during the current bear market, more people learn about blockchain technology every day. The couple Doug and I talked to in Uruguay is a case in point.When the market eventually turns bullish again, this growing pool of new adopters will be ready to participate in the new world of the Blockchain Ecosystem for the very first time.That means that when the next bull market starts, the network effects will be even stronger than the last time.And where will new adopters go for their first dive into crypto? They’ll buy the most well-known cryptocurrency… the reserve of the crypto world – bitcoin.That’s why, whether you’re buying bitcoin for the first time or already own some, now is a great time to buy.How to Start Profiting If this is your first time buying a cryptocurrency, I recommend the following: Once you’re familiar with the process and have made sure everything works the way it should, transfer the rest of your funds to your crypto wallet.last_img read more

The presence of Juul ecigarettes in high schools

first_imgThe presence of Juul e-cigarettes in high schools across the country is increasing — and so is Juul Labs’ lobbying presence in the nation’s capital.The company, which bills its product as “a satisfying alternative to cigarettes,” spent $750,000 on lobbying during the last three months of 2018, according to lobbying disclosure forms filed with Congress on Tuesday. According to the filing, Juul advocated on the issue “regulation of e-cigarettes and vaping products designed to improve the lives of adult smokers.” This most recent filing was also the first quarter when Juul indicated it lobbied to support legislation that would stop businesses from selling tobacco products to people younger than 21.The company started its D.C. lobbying operations during the second quarter of 2018, though it only spent $210,000 then. It has increased its spending in the two quarters since.”We have grown our D.C. team to engage with lawmakers, regulators, public health officials and advocates to drive awareness of our mission to improve the lives of the world’s one billion smokers and to combat underage use so we keep JUUL out of the hands of young people,” Juul spokeswoman Victoria Davis said in an email to NPR. “As we said, the numbers tell us underage use of e-cigarette products is a problem that requires immediate action.”The Food and Drug Administration cracked down on stores selling e-cigarettes to minors in September of last year, declaring use of the products had reached “epidemic” levels among America’s youth. The Center for Disease Control says 1 in 5 high school students used e-cigarettes in 2018.In addition to regulatory issues, Juul also indicated it lobbied on tariffs of products manufactured in China. Because of filing procedures, it is unclear how much of its lobbying spending went toward this issue versus e-cigarette policy.The company’s lobbying roster includes Jim Esquea, who was assistant secretary for legislation in the Department of Health and Human Services during the Obama administration. (The FDA is part of HHS.)Juul also used outside firms to influence legislation, as companies commonly do. These included S-3, Empire Consulting and Sims Strategies.After Juul’s lobbying boost in the most recent quarter, Juul came in as the fourth-highest spending cigarette manufacturer. Other top companies included Altria Group ($3.2 million spent on lobbying), Philip Morris International ($1.2 million) and Reynolds America ($790,000). Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

Perspectives on the Texas Legislature 2013 Session topic at Rices Baker Institute

first_imgAddThis ShareMEDIA ADVISORYDavid Ruth713-348-632david@rice.edu Jeff Falk713-348-677jfalk@rice.edu‘Perspectives on the Texas Legislature: 2013 Session’ topic at Rice’s Baker Institute Oct. 3HOUSTON – (Sept. 25, 2012) – With a little more than a month to go until the Nov. 6 elections, budget professionals, legislators, education and business leaders will share their perspectives on the 2013 Texas Legislature Oct. 3 at Rice University’s Baker Institute for Public Policy. Who: In order of appearance:Billy Hamilton, former deputy comptroller of Texas.Evan Smith, editor-in-chief and CEO of the Texas Tribune.Joe Straus, R-San Antonio, speaker of the Texas House of Representatives.Mark Jones, Baker Institute fellow in political science.Rodney Ellis, D-Houston, Texas state senator for District 13.Mike Moses, former Texas commissioner of education.Additional speakers include John Sharp, chancellor of the Texas A&M University System, and John Montford, a former chancellor of Texas Tech University and former Texas state senator.What: “Perspectives on the Texas Legislature: 2013 Session” conference, hosted by Rice’s Hobby Center for the Study of Texas and the Baker Institute.When: Wednesday, Oct. 3, 8:30 a.m.-4:30 p.m.Where: Rice University, Baker Hall, Doré Commons, 6100 Main St. Members of the news media who want to attend should RSVP to Jeff Falk, associate director of national media relations at Rice, at jfalk@rice.edu or 713-348-6775.To view the complete event information and agenda, visit www.bakerinstitute.org/events/txlegislature2013. A live webcast will be available at http://bakerinstitute.org/webcasts. -30-Follow Rice News and Media Relations via Twitter @RiceUNews.Founded in 1993, the James A. Baker III Institute for Public Policy at Rice University in Houston ranks among the top 20 university-affiliated think tanks globally and top 30 think tanks in the United States. As a premier nonpartisan think tank, the institute sponsors more than 20 programs that conduct research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy. The institute’s strong track record of achievement reflects the work of its endowed fellows and Rice University scholars. Learn more about the institute at www.bakerinstitute.org or on the institute’s blog, http://blogs.chron.com/bakerblog.  last_img read more

The 10 FastestGrowing New or Redesigned Apps in 2018

first_img July 18, 2018 Image credit: Mixmike | Getty Images The era of ‘Angry Birds’ is over. Add to Queue The 10 Fastest-Growing New or Redesigned Apps in 2018 Opinions expressed by Entrepreneur contributors are their own. Apps 3 min read Editorial Interncenter_img Enroll Now for $5 Madison Semarjian Forget the useless, though wildly popular and entertaining, apps that previously filled up our smartphones or computers. People now want apps with function and purpose.Here are the fastest-growing new or recently redesigned apps of 2018, according to business app platform Zapier, which compiled the data using its platform.1. DiscordNostalgic for the days you stayed up late playing The Sims and messaging with your friends? Discord is a voice and text chat app that connects more than 14 million daily players in the gaming community through video and audio.2. Things 3If you need help organizing your busy schedule but don’t have a personal assistant, check out Things 3. This award-winning personal task manager app can help you get things done and achieve your goals in an organized manner.3. LeadpagesNot your typical email marketing service, Leadpages helps you create customized landing pages, webinars and ads to generate leads. It focuses on growing your email list, then links to a third-party site, such as MailChimp, to send your campaigns to those that signed up.4. KlayivoKlayivo pulls in data from your ecommerce platform, point-of-sale software or other marketing tools and helps you create highly targeted and super-relevant email, Facebook and Instagram marketing. You can set up automated trigger emails for when customers sign up, abandon shopping carts and check out.5. SquareSquare handles all of your company’s digital finances. With four different platforms (Payments, Point of Sale, Payroll and Capital), Square helps you track all of your money on your smart device. Compatible with both Apple and Android, you can make customer transactions, pay employees and fund your company.6. SalesflareIf you feel like you waste too much time updating your CRM, Salesflare is for you. A CRM that basically fills out itself, Salesflare inputs data for you so you can focus on making sales. It reminds you what follow-ups are the most important and who talked to what customer, so your team can efficiently work together to increase profit.7. CodaIf you want to build your own website instead of relying on Squarespace or Weebly, Coda lets you hand-code with a little help. It edits your text to make sure your coding is in tip-top shape.8. LandbotLandbot creates a Chatbot for you within minutes that lives in your website and enhances your customer’s experiences.  9. ClickUpClickUp’s easy-to-use product management software keeps your team productive, efficient and headache-free. It lets you integrate with more than 1,000 other services, such as Slack and Zapier, to keep everything your company needs in one convenient place.10. GhostA modern-publishing toolbox, Ghost helps you create and manage an online blog or publication. It edits, manages content, schedules, builds proper SEO and more, all through its simple platform. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. –shares Next Article Fireside Chat | July 25: Three Surprising Ways to Build Your Brandlast_img read more

The Impossible Burger Is Coming to Burger King

first_img White Castle was just the start: Impossible Foods is now partnering with Burger King, launching the Impossible Whopper for a test starting today at 59 Burger King outlets in St. Louis, Missouri. It’s an entirely different burger to the sliders served at White Castle, and that means there’s more Impossible Burger non-meat involved.It’s equal parts silly April Fools’ teaser and actual product launch at the U.S.’s second-largest burger chain. For now, the company is staying quiet on whether there’ll be a nationwide roll-out. The Whopper launch comes after another regional debut: a Philly Cheesesteak that’s currently exclusive to, well, Philadelphia of course.If it’s been a while since you’ve had a Whopper, or you’ve been vegetarian for a while, the Impossible Whopper includes a flame-grilled, (improved) plant-based burger patty, with lettuce, tomato, pickle and onion toppings. Oh, and don’t forget the mayo and ketchup. This story originally appeared on Engadget Add to Queue For now, the company is staying quiet on whether there’ll be a nationwide roll-out. Free Webinar | July 31: Secrets to Running a Successful Family Business Image credit: Impossible Foods via engadget Fast Food Mat Smith 1 min read –shares The Impossible Burger Is Coming to Burger King April 1, 2019 Learn how to successfully navigate family business dynamics and build businesses that excel. Next Article Register Now »last_img read more

Marianne Williamson May Seem a Little Bananas but Shes Right to Focus

first_img Marianne Williamson Food 68shares Guest Writer Add to Queue 6 min read Cofounder and President of the Reducetarian Foundation Image credit: Bloomberg | Getty Images Opinions expressed by Entrepreneur contributors are their own. Brian Katemancenter_img Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Next Article Marianne Williamson May Seem a Little Bananas, but She’s Right to Focus on Food Issues Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Williams’s contribution on the debate stage was small, but important. Fixing our broken healthcare system won’t be easy for politicians or entrepreneurs — but it would save millions of lives. July 15, 2019 Last month’s Democratic debate touched on a lot of important subjects. But not enough time was given to one of the most urgent problems in the U.S. today: our diets are killing us.Around 45 percent of deaths from heart disease, stroke and type 2 diabetes in 2012 could be because of a poor diet. About three-fourths of the population has a diet low in vegetables and fruit, while most are eating too much salt, saturated fat and sugar. Research has found that even small amounts of processed meats can increase the risk of death, from cancer and particularly heart disease.This public health disaster is really costing us. Rising rates of chronic disease accounted for an estimated $211 billion of the $314 billion increase in healthcare spending in the U.S. between 1987 and 2000. More recent research has found that one in five deaths between 1990 and 2017 were associated with poor diet.During the debate, presidential candidate Marianne Williamson mentioned the importance of going deeper than “superficial fixes.” “[W]e don’t have a health care system in the United States, we have a sickness care system in the United States,” she said. “We just wait until somebody gets sick and then we talk about who is going pay for the treatment and how they’re going to be treated.”She said we need to talk about why so many Americans have unnecessary chronic illnesses compared to other countries, and the influence government has on our diets, and subsequently, our health and wellbeing.“It gets back into not just Big Pharma, not just health insurance companies, but it has to do with chemical policies, it has to do with environmental policies, it has to do with food, it has to do with drug policies, and it has to do with environment policies,” Williamson said.Many voters think she doesn’t stand a chance of becoming president, but in this instance Williamson has stood out among her competitors because many policymakers don’t want to talk about this broader issue. It’s easy for them to think this battle is far longer than their time in office will be, that it’s too anti-business. But this wasn’t an off-the-cuff crusade for Williamson. On her website, she argues that:”Until America comes to terms with how much we have acquiesced to the many unhealthy practices that should be considered unlawful — but which are currently allowed in order to increase corporate profits — we will continue to have a less-than-meaningful discussion of how as a society we provide health care.”People aren’t eating poor diets by choice; the country’s food system is designed this way. Processed food and fast food (notorious for meat-sweet items) are often cheaper and more accessible, and many trade lobbyists are pushing onto the population the very foods we need to stop eating. Improving attitudes around diet and health and longevity is welcome, but we also need to recognize the huge role policymakers play in this, and hold them accountable. For example, Williamson said we should end agricultural subsidies for unhealthy foods, including high-fructose corn syrup (HFCS) and hydrogenated fats, and incentivize and subsidize those in industry and business making healthy food more available and affordable. Research has found that the rate of Type 2 diabetes is 20 percent higher in countries with higher availability of HFCS compared to countries that have less access to it.More and more scientists and entrepreneurs are acknowledging that we need to focus more on prevention and less on treatment, that it’s already too late when people seek help from their doctor to manage their weight. One hope is that AI and other futuristic technologies will be able to spot early markers of disease and help people prevent its onset through diet, exercise and lifestyle.Science and technology are also advancing the availability and quality of plant-based alternatives, which can play a role in helping people cut back on their meat intake. For example, in Beyond Meat’s R&D lab, an e-tongue “tastes” the Beyond Burger burgers for likeness to meat, and helps perfect the burger’s chewiness, and an e-nose isolates more than 1,000 animal and plant matter molecules. Whole plant-based foods would obviously be a healthier option, but meeting people where they are (like at the drive-thru at Carl’s Jr.) is arguably an important and realistic start.There are many complex and intertwining factors contributing to the soaring number of Americans with preventable diseases, and a wealth of legislation that could help: from education to food regulation, advertising standards to agriculture, what children are served in school, how scientists are funded and incentivized, the food patients are served in hospitals and the food deserts (and food swamps) preventing or disincentivizing populations from accessing fruit and vegetables.One major regulatory issue at the moment is labeling. States across the country are banning plant-based foods from using words such as “sausage” and “burger” to describe their products. Most recently, a ban in Mississippi prevents vegetarian and vegan foods from using such words. Many hope that legislators can push back on this, as there is no evidence for the main claim that such labeling confuses consumers, which courts have repeatedly affirmed.Michelle Obama’s efforts to tackle obesity and improve nutrition for children during her time as First Lady were commendable, despite criticisms for partnering with food giants. But now, we need much bolder policy change. Williams’s contribution on the debate stage was small, but important. Fixing our broken healthcare system won’t be easy for politicians or entrepreneurs — but it would save millions of lives. Given all that is at stake, let’s hope other candidates take a cue from Williams and raise food issues in the second Democratic debate. Enroll Now for $5last_img read more

Samsung to Cap Note 7 Battery Charge Via Software Update

first_img Samsung to Cap Note 7 Battery Charge Via Software Update Register Now » –shares Image credit: Reuters | Kim Hong-Ji Next Article This story originally appeared on Reuters Free Webinar | July 31: Secrets to Running a Successful Family Business Add to Queue 2 min read September 14, 2016 Samsung Electronics Co. Ltd., which has urged users of its Galaxy Note 7 smartphone to turn them in due to fire-prone batteries, said it will perform a software update in South Korea that limits the devices’ charge to 60 percent.The move comes as Samsung, the world’s biggest smartphone maker, also ran local advertisements apologizing for a recall that is unprecedented for a company that prides itself on its manufacturing prowess.It has not decided whether to implement similar software upgrades limiting battery charging in markets other than South Korea, a company spokeswoman said.The software update, which will be automatic, will begin at 2 a.m. local time on Sept. 20, Samsung said in a statement.The firm has sold 2.5 million Note 7 phones in 10 markets including South Korea and the United States that are subject to the recall.Samsung plans to begin offering replacement phones with safe batteries on Sept. 19 in South Korea.A series of warnings from regulators and airlines around the world has raised fears for the future of the flagship device, pushing Samsung shares lower.South Korea’s markets were closed on Wednesday for a public holiday.($1 = 1,124.7700 won)(Reporting by Tony Munroe and Se Young Lee; Editing by Edwina Gibbs) Learn how to successfully navigate family business dynamics and build businesses that excel. The firm has sold 2.5 million Note 7 phones in 10 markets including South Korea and the United States that are subject to the recall. Reuters Samsunglast_img read more

Uber Hopes to Fly Around Commuters in 10 Years

first_img Image credit: Reuters | Uber/Handout 2019 Entrepreneur 360 List 50shares Uber Hopes to Fly Around Commuters in 10 Years Uber Next Article This story originally appeared on Reuters A vertical takeoff and landing aircraft (VTOL) leaves a heliport in an artist’s rendition released by ride-sharing company Uber in San Francisco, California, U.S. October 27 2016. It sounds like the opening sequence to’ The Jetsons,’ but Uber sees flying rides as feasible and eventually affordable.center_img Flying commuters like George Jetson could be whizzing to work through the sky less than 10 years from now, according to ride-services provider Uber, which believes the future of transportation is literally looking up.Uber Technologies Inc. released a white paper on Thursday envisioning a future in which commuters hop onto a small aircraft, take off vertically and within minutes arrive at their destinations. The flyers would eventually be unmanned, according to the company.It sounds like the opening sequence to The Jetsons, the 1962 U.S. cartoon about a future filled with moving sidewalks, robot housekeepers and spaceflight, but Uber sees flying rides as feasible and eventually affordable.Uber already offers helicopter rides to commuters in Brazil. The company plans to convene a global summit early next year to explore on-demand aviation, in which small electric aircraft could take off and land vertically to reduce congestion and save time for long-distance commuters, and eventually city dwellers.Others have also envisioned such aircraft, akin to a helicopter but without the noise and emissions. Vertical take off and landing aircraft have been studied and developed for decades, including by aircraft makers, the military, NASA and the Federal Aviation Administration.Uber is already exploring self-driving technology, hoping to slash costs by eliminating the need for drivers in its core business of on-demand rides. On-demand air transport marks a new frontier, set squarely in the future.Uber’s vision, detailed in a 97-page document, argues that on-demand aviation will be affordable and achievable in the next decade assuming effective collaboration between regulators, communities and manufacturers.Ultimately, using VTOLs for transport could be less expensive than owning a car, Uber predicted.Such on-demand VTOL aircraft would be “optionally piloted,” Uber said, where autonomous technology takes over the main workload and the pilot is relied on for situational awareness. Eventually, the aircraft will likely be fully automated, Uber said.Hurdles include battery technology. Batteries must come down in cost and charge faster, become more powerful and have longer lifecycles.Regulatory hurdles must also be solved such as certification by aviation regulators as well as infrastructure needs, such as more takeoff and landing cites.Uber plans to reach out to stakeholders within the next six months to explore the implications of urban air transport and share ideas before hosting a summit in early 2017 to explore the issues and solutions and help accelerate urban air transportation.(Reporting By Alexandria Sage; Editing by David Gregorio) 3 min read Add to Queue Reuters The only list that measures privately-held company performance across multiple dimensions—not just revenue. October 28, 2016 Apply Now »last_img read more

Zeus launches Tie Layer polymer solution for medical device manufacturers

first_imgFeb 1 2019Zeus Industrial Products, Inc. (Zeus), a leading polymer extrusion manufacturer and material science innovator, has launched its latest polymer solution for medical device manufacturers. “Tie Layer” is an ultra-thin thermoplastic coating applied over a catheter liner during catheter construction. The coating creates a melt-bondable substrate that improves adhesion to both the liner and the catheter jacket during the reflow process.Zeus developed Tie Layer to reduce delamination between materials that are otherwise not melt-compatible for bonding. Delamination is a challenging failure mode in catheter construction and carries both risk and cost burden for many device manufacturers. Detection typically occurs during final testing, after production of the complete catheter assembly, resulting in significant final product yield loss.More importantly, delamination can lead to failures in the field and product recalls. By creating a stronger bond between the outer catheter jacket and inner liner, Zeus’ Tie Layer solution enhances and increases consistency in catheter performance and ultimately improves patient safety. Also, it reduces inspection requirements, increases product yield, and lowers manufacturing costs. Reduced cost and improved performance make Tie Layer a true total solution in catheter design and manufacturing.Zeus’ Tie Layer solution follows on the heels of another recent innovation. The company’s new FEP 2:1 heat shrink offers a pure FEP heat shrink in a ratio larger than current 1.3:1 or 1.6:1 options. The expanded capability of this Class VI approved product minimizes the need for manual stretching and makes covering uneven and angular surfaces easier, faster, and more reliable.Zeus will showcase both new solutions at Medical Design & Manufacturing (MD&M) West, the largest conference in North America for global medical device professionals. The event will take place February 5-7, 2019 at the Anaheim Convention Center. Zeus is exhibiting in booth 3113.Comments Source:https://www.zeusinc.com/company/news/zeus-introduces-tie-layer-polymer-solution-to-enhance-catheter-performance Improving patient safety and reducing manufacturing costs represent top priorities for the medical device industry. For over 50 years, Zeus has developed and delivered polymer solutions that help address these concerns. Our latest Tie Layer innovation creates a melt-bondable surface to improve adhesion and allows our customers to elevate the performance of their devices.”Matt Allen, Sr. Global Endovascular Market Manager, Zeus Industrial Products, Inc. Tie Layer will allow us to expand the Zeus portfolio of products and services to the markets we currently serve and enhance our already best-in-class polymer solutions. Because this process is applied to a variety of substrate materials, it will also unlock new opportunities and applications in both the medical and industrial markets.”Daryl Leach, Director of Global Market Management, Zeus Industrial Products, Inc.center_img Quick FactsRelated StoriesImprove Patient Safety with Tie LayerZeus introduces new MRI-compatible LCP monofilament for vascular interventions Zeus’ new Tie Layer solution is a thermoplastic polymer coating as thin as 0.0001″ (0.0025 mm), allowing devices to maintain their overall profile. Tie Layer was developed to improve the bonding of liners to materials that otherwise are difficult to bond, such as polymer jackets, metallic braids, coils, and hypotubes. Tie Layer can be applied to legacy and next-generation PTFE liners and other substrate materials. The ultra-thin coating is available in various durometers, as well as Class VI approved materials including Pebax®, nylons, and polyurethanes. Multiple durometer options allow design engineers to tailor the performance of the finished catheter. By creating a stronger bond between the outer jacket and liner, Tie Layer enhances catheter performance, improves patient safety, increases yield, and reduces manufacturing costs. Zeus provides medical device manufacturers unmatched capabilities, including the highest quality rating in extruded PTFE liners in the widest range of sizes, the thinnest walls in the world, the shortest lead times in the industry, and the largest capacity available. Now we offer a Tie Layer coated liner that addresses the market’s need for reducing or even eliminating delamination. Our new Tie Layer solution provides product designers and engineers with an excellent option for addressing these challenges.”Bob Chaney, Senior Vice President, Global Sales & Marketing, Zeus Industrial Products, Inc.last_img read more

Facebook in fresh controversy over Holocaust denial

first_img Zuckerberg at center of Holocaust denial controversy (Update) Facebook found itself embroiled anew in controversy Thursday after chief executive Mark Zuckerberg argued the leading social network should not filter out posts denying the Holocaust. Credit: CC0 Public Domain © 2018 AFP 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.center_img Explore further Citation: Facebook in fresh controversy over Holocaust denial (2018, July 19) retrieved 18 July 2019 from https://phys.org/news/2018-07-facebook-fresh-controversy-holocaust-denial.html The comments by Zuckerberg drew fierce criticism and appeared to undermine Facebook’s latest effort to root out hate speech, violence and misinformation on its platform.In an interview with tech website Recode on Wednesday, Zuckerberg said that while Facebook was dedicated to stopping the spread of fake news, it would not filter out posts just on the basis of being factually wrong—including from Holocaust deniers and the conspiracy theory website Infowars.”I’m Jewish, and there’s a set of people who deny that the Holocaust happened,” he said in the interview.”I find that deeply offensive. But at the end of the day, I don’t believe that our platform should take that down because I think there are things that different people get wrong. I don’t think that they’re intentionally getting it wrong.”Critics quickly lashed out at Zuckerberg over the comments, saying these kinds of comments can incite hatred and violence.”Holocaust denial is the quintessential ‘fake news,'” said Abraham Cooper of the Simon Wiesenthal Center, a rights group named for a famed Nazi hunter.”The Nazi Holocaust is the most documented atrocity in history, allowing the canard of Holocaust denial to be posted on Facebook, or any other social media platform cannot be justified in the name of ‘free exchange of ideas.'”Zeynep Tufekci, a University of North Carolina professor who follows social media said on Twitter: “Harder to find a group of people more *intentional* about “denying” an atrocity in order to pave the way for more violence than holocaust-deniers.”Zuckerberg later emailed Recode to clarify his comments, stating that if something is spreading and rated as false by the site’s fact checkers, “it would lose the vast majority of its distribution” on user feeds and that “if a post crossed line into advocating for violence or hate against a particular group, it would be removed.”Distraction from new effortThe episode was an unwelcome distraction for Facebook after it held a media briefing on the company’s new policy to remove bogus posts likely to spark violence.The new tactic being spread through the global social network was tested in Sri Lanka, which was recently rocked by inter-religious violence over false information posted on the platform.Jennifer Grygiel, a social media professor at Syracuse University, said that despite Facebook’s ramped up efforts it needs far more people to weed out posts that can be harmful on a platform with some two billion users worldwide.Zuckerberg “needs to figure out content moderation and he can’t do it without more people. This has life and death implications” Grygiel told AFP.”I don’t think he understand the decisions he makes has real-world implications for democracy.”Facebook has been blamed for failing to curb incitations to violence against the Rohingya Muslims in Myanmar and its WhatsApp messaging service has been implicated in lynchings and mob violence in India.The latest controversy comes with Facebook seeking to repair the damage from misinformation spread on the platform during the 2016 US election campaign and the hijacking of private data by consulting firm Cambridge Analytica as it worked on Donald Trump’s campaign.At the same time, Facebook has been accused by some politicians in Washington of bias in filtering out conservative voices.Some analysts said Facebook faces a difficult task in seeking to filter out misinformation and calls to violence and conform with regulations on hate speech in various countries while still remaining an open platform that allows free speech.”Facebook is in over its head but nobody has a full answer,” said Tufekci in a tweet.Fellow North Carolina professor Daniel Kreiss responded by saying “the issues are *really* challenging—a big problem is that FB never thought about any of the implications of its platform, data, speech policies, or misinformation before 2016, even as many of us were raising concerns.”last_img read more

Facebook flags users who try to game factchecking effort

first_img Facebook nixes Brazil pages, profiles that spread fake news Facebook acknowledged Tuesday it has developed tools to identify users “indiscriminately” flagging fake news as it refines its effort to combat misinformation. Citation: Facebook flags users who try to ‘game’ fact-checking effort (2018, August 21) retrieved 18 July 2019 from https://phys.org/news/2018-08-facebook-flags-users-game-fact-checking.html © 2018 AFP Facebook says it has a ranking system that identifies users who “indiscriminately” flag fake newscenter_img Explore further But the leading social network disputed as “just plain wrong” a Washington Post report that it has developed an overall “reputation score” for its users as part of the initiative.Facebook said it has developed “a process to protect against people indiscriminately flagging news as fake and attempting to game the system” which relies in part on how often a user reports something as fake despite verification by fact-checkers.”The reason we do this is to make sure that our fight against misinformation is as effective as possible,” Facebook said in a statement.Users who report what appears to be bogus news are given a standard probability score of from zero to one depending on how reliable they are when it comes to reporting posts that are untrue, according to the social network.The rating is one of many “signals” used to prioritize flagged posts sent to be reviewed by fact-checking teams.But Facebook said the Post report was misleading because it did not create a “unified score” to rank the overall trustworthiness of its users.Over the past 18 months, Facebook and other online platforms have stepped up efforts to combat the spread of false news with the intent to manipulate the platforms.Part of the challenge battling bogus content is that some people report posts as false simply because they disagree with stories, or in efforts to wrongly discredit them, according to the social network.Repeatedly reporting accurate information to be false at Facebook would skew a users reliability rating toward zero in the ranking system.Facebook last month shut down 32 fake pages and accounts involved in an apparent “coordinated” effort to stoke hot-button issues ahead of November midterm US elections.The US intelligence community has concluded that Russia sought to sway the vote in Donald Trump’s favor, and Facebook was a primary tool in that effort, using targeted ads to escalate political tensions and push divisive online content.Facebook has since made a priority of preventing the social network to be used to spread misleading or outright deceitful messages aimed at influencing politics. 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

Trumps Labour Secretary Acosta resigns amid Epstein case

first_img Related News “Alex called me this morning and wanted to see me,” Trump told reporters. “I just want to let you know this is him, not me.”Acosta’s resignation is effective in seven days. Trump named Deputy Labour Secretary Patrick Pizzella as the acting secretary of Labour.Acosta has served in Trump’s cabinet since April 2017 and from 2005 through 2009 was the U.S. attorney for the Southern District of Florida. It was there that he handled Epstein’s first case involving sex with girls, which resulted in a punishment that critics say was far too lenient.”Mr. Acosta now joins the sprawling parade of President Trump’s chosen advisors who have left the administration under clouds of scandal and corruption, leaving rudderless and discouraged agencies in their wake. Taxpayers deserve better,” Democratic U.S. Senator Sheldon Whitehouse said in a statement.Epstein, a billionaire hedge fund manager, pleaded not guilty to new federal charges in New York this week. Epstein had a social circle that over the years has included Trump, former President Bill Clinton and Britain’s Prince Andrew.Nancy Pelosi, the Democratic speaker of the House of Representatives, and Democratic Senate Majority Leader Chuck Schumer had called on Tuesday for Acosta to resign.DEFENDING HIS CASEAcosta responded to the criticism on Tuesday with tweets saying Epstein’s crimes were “horrific” and that he was glad prosecutors were moving forward based on new evidence and testimony that could “more fully bring him to justice.”On Wednesday Acosta held a news conference to defend his handling of the deal, which allowed Epstein to plead guilty to a state charge and not face federal prosecution. Acosta said Epstein would have had an even lighter sentence if not for the deal.Acosta would not say if he would make the same decision regarding Epstein now, considering the power of the #MeToo movement that led to the downfall of several powerful men publicly accused of sex crimes by women. U.S. prosecutors in New York on Monday accused Epstein, 66, of sex trafficking, luring dozens of girls, some as young as 14, to his luxury homes and coercing them into sex acts.Democratic U.S. Representative Elijah Cummings, chair of the House Oversight and Reform Committee who has called on Acosta to testify on the Epstein matter, said in a statement: “Secretary Acosta’s role in approving the extremely favourable deal for Jeffrey Epstein raises significant concerns about his failure to respect the rights of the victims, many of whom were children when they were assaulted.”The federal prosecutors in New York said they were not bound by the deal arranged by Acosta, which allowed Epstein to plead to a lesser offence and serve 13 months in jail with leave during the day while registering as a sex offender. In February, a federal judge in West Palm Beach, Florida, ruled that the 2007 agreement violated the victims’ rights. Epstein’s case and Acosta’s role in the plea deal had come under scrutiny earlier this year after an investigation by the Miami Herald.The Epstein case came up during Acosta’s Senate confirmation hearing but the Republican-majority Senate approved him in a 60-38 vote. He is the latest top Trump administration official to depart under a cloud. The heads of the Interior, Justice, State and Health departments have also either been fired or resigned, among other top staff during Trump tenure so far.Acosta, the son of Cuban refugees and the first Hispanic member of Trump’s Cabinet, previously served on the National Labour Relations Board and in the U.S. Department of Justice under Republican President George W. Bush. (Reporting by Nandiat Bose; additional reporting by Susan Heavey; Writing by David Alexander and Jeff Mason; Editing by Bill Trott) World 09 Jul 2019 Trump defends cabinet member Acosta embroiled in Epstein sex-abuse case Related News World 10 Jul 2019 Trump backs U.S. Labor chief Acosta, says will look into matter amid Epstein casecenter_img WASHINGTON (Reuters) – U.S. Labour Secretary Alexander Acosta resigned on Friday amid fresh scrutiny of his handling of the sex abuse case against financier Jeffrey Epstein, becoming President Donald Trump’s latest adviser to leave the administration in controversy.Acosta, joining Trump at the White House before the president left for a trip to Wisconsin, said he did not want to be a distraction to the administration’s work because of his leadership of the Epstein case more than a decade ago.”As I look forward, I do not think it is right and fair for this administration’s Labour Department to have Epstein as a focus rather than the incredible economy we have today,” Acosta said.Trump, who has fired numerous cabinet and other administration officials during his 2 1/2 years in the White House, said it was Acosta’s idea to step down. World 10 Jul 2019 U.S. Labor Secretary Acosta says Epstein crimes ‘horrific’ {{category}} {{time}} {{title}}last_img read more

LG Chem mulls building second US plant

first_img World 10 Jul 2019 PM May says she regrets resignation of ambassador to United States Tags / Keywords: {{category}} {{time}} {{title}} Related News Auto 09 Jul 2019 VW to deepen alliances with battery suppliers Related News Business News 09 Jul 2019 Investors dump South Korean chip makers SEOUL: South Korean electric vehicle (EV) battery maker LG Chem is considering building a second US factory, three people familiar with the matter said, accelerating a race to add capacity to meet growing global demand for green vehicles.LG Chem, one of the leading EV battery makers in the world that counts General Motors and Volkswagen among its customers, is weighing investing about 2 trillion won (US$1.7bil) in the plant that could begin production in 2022, one of the people said.Kentucky and Tennessee are among the candidates for the plant’s site, the person said.A decision on the plant’s site is expected to be made by the end of this month, another person said. AdChoices广告Automakers are pushing ahead with billions of US dollars in investments in electric vehicles to meet global regulatory requirements. A new plant by LG Chem would come as South Korean companies have stepped up US investments, moves that have been praised by US President Donald Trump.LG Chem’s new factory would primarily supply to Volvo, Fiat Chrysler Automobiles, and potentially to Hyundai Motor, GM and Volkswagen, one of the people said.LG Chem, the most valuable company of the LG conglomerate, said in a statement issued to Reuters it is reviewing various ways to meet its global clients’ orders, but there are no concrete plans at the moment. The sources declined to be named as the plan is confidential.A second US plant would come amid a growing rivalry between LG Chem and crosstown rival SK Innovation, which recently broke ground on its US$1bil US EV battery plant to primarily supply to Volkswagen.Earlier this year, LG Chem sued SK Innovation in the United States for alleged theft of trade secrets by hiring its former employees.“We are currently pursuing another production base,” LG Chem’s new CEO Shin Hak Cheol told reporters this week, without elaborating on the country.Electric vehicle sales are projected to reach 1.28 million vehicles by 2026 in the United States alone, compared with less than 200,000 in 2018, according to market researcher IHS Markit.Trump praised US investments by SK, Lotte Group and other South Korean conglomerates and raised hopes that Korean companies will continue to expand in the United States.“Thank you very much. Congratulations. It’s a great job,” he said during his meeting with South Korean business leaders in Seoul on June 30. The participants included group holding company LG Corp’s Vice Chairman Kwon Young Soo.LG Chem, the battery supplier for GM’s Bolt, currently operates an EV battery plant in Michigan. LG Chem also has production bases in South Korea, China and Poland.It drew attention during the groundbreaking of its first U.S. production facility in 2010, when former President Barack Obama traveled to Michigan for the event.LG Chem is also being wooed by the government of South Korean President Moon Jae-in to build a new domestic factory to create jobs – one of Moon’s top priorities.CEO Shin said LG Chem is in talks to build a production facility for cathode materials used in EV batteries in the southeastern city of Gumi in South Korea, but details have not been finalised. — Reuters Auto , LG Chem , electric carlast_img read more

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and they’re still going strong. Your body needs sleep–not just ‘rest and relaxation’–for it to work well, New Jersey Gov. Henson,President Donald Trump took to Twitter to offer U.Arkansas has scheduled a final execution for April on Thursday Here, She jokes that she’s made thousand of rounds of the Norwegian delight now—but Haugum said she’s still got the edge. read more