9 months agoAC Milan captain Romagnoli: We believe we can beat Juventus

first_imgAbout the authorCarlos VolcanoShare the loveHave your say AC Milan captain Romagnoli: We believe we can beat Juventusby Carlos Volcano9 months agoSend to a friendShare the loveAC Milan captain Alessio Romagnoli insists they can handle facing Juventus in the Supercoppa.The match is being held in Saudi Arabia.”We have positive sensations, it’s a lovely atmosphere and wonderful to be here playing for an important trophy that can give a positive slant to our season,” said the captain in his Press conference.“We are ready and want to give our all in order to win the tournament. We have great respect for Juventus, who are undoubtedly the strongest side in Italy, but we believe in our capabilities too and know anything can happen in a knockout match.” last_img

Belships Issues New Shares to Wrap Up Bulker Acquisition

first_imgzoomIllustration. Image Courtesy: Daniel Norris on Unsplash. Norwegian shipping company Belships ASA has issued new Belships shares to two European companies to complete the acquisition of a 63,000 dwt bulker. In April this year, Belships entered into an agreement to buy the Ultramax vessel M/V Sofie Victory.As informed, a total of 10,710,220 new shares have now been issued to Norway-based company EGD Ultra Eco AS and Cyprus-based Blossom Shipmanagement, sellers of the abovementioned ship.Following the issuance, there are 204,261,050 shares outstanding in Belships, each with a nominal value of NOK 2 (USD 0.23), the company said.The share capital increase relating to the share issue was registered in the Norwegian Register of Business Enterprises on July 4, 2019. The newly registered share capital of the company is NOK 408,522,100.The agreed vessel purchase price was USD 24.15 million, of which approximately USD 14 million was debt. The parties earlier agreed that, of the net consideration of approximately USD 10 million, USD 2 million was to be paid in cash, with the remaining amount to be settled through a proposed issue of new Belships shares.Belships currently has a fleet of 17 Supramax and Ultramax bulk carriers. Furthermore, the company expects to take delivery of one newbuilding in the first half of 2020.last_img read more

Friends Of Wilmington Library Raffling Off Gift Basket This Winter

first_imgWILMINGTON, MA — The Friends of the Wilmington Memorial Library has organized an “unplugged”-theme gift basket raffle at the Wilmington Memorial Library this winter.  Tickets are $2 each or $3 for 5 and can be purchased at the library’s Front Desk.The “Unplugged!” gift basket includes:Gift Certificate to Yoga Loft (1-month membership)Gift Certificate to Tremezzo ($100)Gift Certificate to the Book Store Next Door ($10)Art & Creativity SetBoard Games: Story Cubes, Pass The Pigs, Ticket To RideMagnetic SandArt PaperDigital Detox by Damon ZahariadesThe raffle winner will be drawn on Thursday, March 21 during the Friends of the Library’s Annual Meeting.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedFriends Of Wilmington Library Raffling Off Space-Themed Gift Basket This SummerIn “Community”Wilmington Library’s Gift Basket Fundraiser Ends August 11In “Community”5 Things To Do In Wilmington On Thursday, March 21, 2019In “5 Things To Do Today”last_img read more

Controversy over dress code notice in girls hall

first_imgPoet Sufia Kamal HallControversy has arisen over the dress code for the girls at Dhaka University’s Poet Sufia Kamal Hall.The students said that a notice had been posted up around the hall, prohibiting the girls from wearing T-shirts with shalwars (loose pyjamas) in the hall premises. It said girls could at no time, day or night, wear indecent clothes (T-shirt over shalwar) in the hall.No one could enter the hall office for any work in such an outfit. If they did, the hall authorities would take action, it said.However, in the morning today, Thursday, fresh notices were posted up around the hall, these also being signed by the ‘hall authorities’.Thursday’s notice declared that other than in the students’ rooms, verandas, bathrooms and personal spaces, proper dress must be worn when entering the offices/hall office.Read more: DU women’s hall bans shalwar with t-shirtThe previous notice had gone viral on Facebook, creating a controversy. The hall authorities said that they hadn’t issued the previous notice and that the girls had issued it themselves. They said that they had issued the later notice.The correspondent waited from 10:00 till 10:45 in the morning for comments from the hall authorities, but the hall provost, Sabita Rezwana, was in a board meeting.-A woman official of the hall, claiming to be a senior administrative officer, sent an SMS to the provost about the reporter waiting to meet her and even spoke to her.The provost said she was busy and did not know when she would be able to come to the hall.When the hall official claiming to be senior administrative officer was asked about the dress code controversy, she replied, on condition of anonymity, “This has been said for a long time, but some girls don’t listen.”-She refused to say anything further, other than that there were more persons in favour of the notice than against it.In the afternoon, the hall’s residential teacher Fahmida Yasim told Prothom Alo over cell phone, “We have to work with about 2,200 girls, their parents, guests and others. Today’s notice deals with the hall’s internal affairs. But the hall authorities will not take responsibility for the notice which went viral on Facebook.”She said that the notice on Facebook may have been deliberately posted up by certain students and the matter would be probed. “We have issued a rejoinder to Prothom Alo for publishing a report in this regard.”last_img read more

Poetry in clay

first_imgCeramic, unlike painting is poetic, while sculpture is more logical and scientific and as eminent artist Pablo Picasso said, sculpture is the art of the intelligence. Earth Echoes, a conglomerate of artistes, is organizing a four-day exhibition from January 6 to 9 at the Open Palm Court, India Habitat Center, Lodhi Road in the Capital where artistes will display creative works in clay. These artistes include Srirupa Sen, Sarika Malik, and Sneh Sharma. Arpita Bansal, Sandeep Marwah and Aruna Vasudev will be the Guests of Honour who will inaugurate the exhibition on January 6. Also Read – ‘Playing Jojo was emotionally exhausting’Sarika Malik says, “Getting into ceramics was an overwhelming feeling to find a medium which provides a three-dimensional canvas to my thoughts.” She has been in this profession for the last 8 years and when she looks back at her journey into world of clay, she feels overwhelmed. She has always been designing – from trousseau to calligraphy and lots more stuff like getting herself into ceramics which gives a three-dimensional touch to her thoughts. She puts her imagination to power into clay and produces tremendous art works. Also Read – Leslie doing new comedy special with NetflixHer current work includes The Ganesha and Serenity series. The Ganesha series is the expression of the eternal form of Ganesha and its essence, in a more abstract nature. The Serenity series is meditative and predominantly expresses her love for the abstract form and the balance and harmony that exists within it.It feels so fresh and pure when an experienced teacher adopts art as her child. Srirupa Sen is a teacher who has turned into innovative art. After teaching chemistry to University students for 25 years, she took voluntary retirement because of her love for art. After getting into ceramics, she got to know where she wanted to sink her hands, heart and soul. An artistic hobby turned into an obsession and this passion has not abated even after eight years. “The feel of moist clay whirling on the potter’s wheel and the vision of an indiscriminate lump of earth being transformed by my hands into an object of my imagination is a feeling which belies description”, says Srirupa Sen. Sneh Sharma from Delhi stepped into clay art work in 2009 at the Delhi Blue Pottery Studio. Clay is a mode of expression but for her it is like creating a piece of art by using different techniques. The love for Ceramics and sense of art grows bigger day by day, Sneh Sharmasays, adding, “I believe that every handmade work exudes spiritual beauty which significantly impacts the soul”.Where: Open Palm Court, India Habitat CenterWhen : January 6-9last_img read more

More reports that the Mexico Tourism Board offices are closing

first_imgMore reports that the Mexico Tourism Board offices are closing TORONTO — Just days after Mexico Tourism Board’s Montreal office shut its doors, comes more confirmation that just about all of the MTB’s international offices will close.Considering how important tourism is for Mexico, does the news of these closures have to be so shrouded in confusion?In a story that ran in the Jan. 24, 2019 issue of Travelweek, Marc Murphy, Director General for the Riviera Nayarit CVB, also confirmed that the decision to close the Mexico Tourism Board offices worldwide had already been made and that the closures will likely start happening over the course of this year.As Murphy put it, it’s sad news and still unbelievable considering all the work the MTB does and the value their offices bring to source markets.Rumours started swirling in fall 2018 that Mexico’s new government was looking at potentially closing the MTB offices as a cost-cutting measure.The new government under newly-elected President Andres Manuel Lopez Obrador took office on Dec. 1, 2018 but even before that, in late November 2018, Mexico’s travel media outlets were reporting that the Tourism Promotion Council of Mexico (CPTM) would “disappear”, with the president of the Tourism Commission of the Chamber of Deputies, Luis Alegre Salazar, saying “the Tourism Promotion Council of Mexico is disintegrating”.The news seemed to be confirmed in early December by new Secretary of Tourism Miguel Torruco, who said that elimination of the CPTM was indeed underway as part of the new government’s austerity strategy.According to both Salazar and Torruco, Mexico’s consulates and embassies are supposed to pick up the slack, promoting Mexico in global markets.Meanwhile the money saved from dissolving the CPTM and closing the MTB offices will reportedly be diverted to funding the so-called Mayan Train, the 1,500-kilometre rail line linking Campeche, Chiapas, Quintana Roo, Tabasco and the Yucatan. The proposed $7.4 billion railway is aimed at creating more economic development in some of Mexico’s top tourism destinations.There will still be resources for promotion, but exact specifics are still up in the air.More news:  ‘Turn around year’ for TPI brings double-digit growthEven with all the confirmations, the idea that Mexico would close its long-standing MTB offices – and hand the tourism promotion file over to its consulates and embassies instead – seemed so preposterous that the question kept coming: Will they close or won’t they?As reported by Travelweek’s sister publication ProfessionVoyages.com, the Montreal office closed the doors on its Place Ville Marie location, which had been open to the industry and to the public, on Jan. 31, 2019. Fernanda Rosas, Director of Mexico’s Tourism Promotion Board in Montreal, and her collaborators Gabriel Gordona and Lorena Torres are currently working from home and available to help with industry requests, according to ProfessionVoyages.com. In a few weeks it’s expected that Mexican tourism promotion in Montreal will be deployed under the direction of the Mexican Consulate. It’s also been confirmed that the Toronto MTB office will close its doors.Meanwhile every sun wholesaler in Canada has Mexico product and a major vested interest in keeping Mexico destinations front and centre with travellers and the trade.Canada is one of the largest markets for Mexico tourism, delivering close to two million travellers to the country annually.While we’re a distant second to the U.S. – Mexico’s top market with more than 10 million visitors a year – Canada is a staunch supporter of Mexico’s tourism product at a time when confusion over the U.S. State Department’s travel advisories for Mexico has led to a dip in U.S. visitor numbers and lift. Mexico’s safety challenges, though localized, are also well-known, with one industry insider here saying that Mexico shouldn’t be closing its tourism offices but instead focusing on marketing efforts and keeping people safe.For Transat, Mexico represents 34% of its capacity, making it Transat’s top sun destination. The first resort in Transat’s much-anticipated hotel division is scheduled to open in Puerto Morelos on Mexico’s Yucatan Peninsula, between Cancun and Playa del Carmen, in 2020.Mexico is also one of Sunwing’s most consistently popular destinations, says Andrew Dawson, President of Tour Operations for Sunwing Vacations. Sunwing has eight sun arrival airports across Mexico for winter 2018-19 including Acapulco, Cancun, Cozumel, Huatulco, Ixtapa, Los Cabos, Mazatlan and Puerto Vallarta – not to mention nearby destinations such as Playa Mujeres, Isla Holbox, Puerto Escondido and Riviera Nayarit. “We have always enjoyed a close relationship with the Mexico Tourist Board and welcome their support as we continue to expand our Mexican product range,” says Dawson.More news:  War of words between Transat, Group Mach ramps upAnd it’s not just the tour operators, but the hotel companies too who work closely with the Mexico Tourism Board to promote travel to Mexico. Frank Maduro, VP of Marketing for AIC Hotel Group, the company behind Hard Rock Hotels, says Mexico as a destination “is extremely important to our company”, with four properties in Mexico currently and another two set to open this year. “This means that more than half of our room inventory is in the destination. We continue to believe and invest in Mexico as it is a proven world-class tourism destination. Its people and infrastructure provide a vacation experience that is second to none.”Other resort companies sharpening their focus on Mexico in recent years include AMResorts, with 10 new resort openings in the country by 2020 alone.An article written by Murphy before the new government took office says “there’s no doubt” that the biggest reason the world knows about Mexico’s tourism product “is due to the efforts consistently put forth by the Mexico Tourism Board (MTB) offices worldwide”.Slashing budgets and trimming expenses in just about every aspect of the government may be a worthy proposition on some levels, says Murphy, but the idea of shuttering the 46 offices of the Mexico Tourism Board abroad could very well have a chilling effect on one of the country’s top sources of revenue. Tourism is huge for Mexico, and Canada will be watching.Murphy added: “The incoming administration has indicated they don’t believe the current numbers justify the current marketing expenses of the international offices. I would beg to differ.” Share Posted by Travelweek Group center_img << Previous PostNext Post >> Tuesday, February 12, 2019 Tags: Closures, Feature Story, Mexico, Mexico Tourism Board, MTBlast_img read more

Magyar Telekom has deployed interactive TV softwar

first_imgMagyar Telekom has deployed interactive TV software provider Zenterio’s TV Operating System on two new set-top boxes that will support both DVR and interactive, multi-room TV services. This deployment allows Magyar Telekom to develop its services for its TV subscribers in Hungary and harmonise its set-top software client environment, according to the company. The independent operating system provides the opportunity to extend deployment and standardize TV offerings across regions.last_img

Liberty Global continues to be one of the most tec

first_imgLiberty Global continues to be one of the most technologically innovative cable operators around, thanks in no small part to the contribution of group chief technology officer Balan Nair. Next year will see the commercial launch of its Horizon set-top/gateway, the fruit of long-term planning stretching back over the last couple of years.Age 45Education BSc Electrical Engineering, Masters of Business AdministrationPrevious positions CTO of AOL; CTO and CIO of Qwest CommunicationsLast year’s highlights We made huge progress in building a strong organisation in our European operations, and are working on some real exiting products for launch early next year.Most significant industry development Software technologies have evolved significantly. The processing power of chips have grown dramatically as well. And the combination, along with price efficiencies, make for impressive product opportunities.Goals for next year Be more operationally efficient. Be able to deliver on committed product launches. Beginning the transition to more web services in our products. Do all of this in while maintaining capital efficiencies.Industry challenges and opportunities We are beginning a new era of competition, where, the distribution pipe, the end devices and the quality of content are going to be key differentiators. This transition is capital intensive, but it is cable’s to lose.Alternative career choice I would love to be a stay at home dad.TV character most identified with I don’t want to insult any TV character or personality by identifying myself with them .Most admired personality I admire the pioneers in the pay TV space and am lucky to work for a couple of them: John Malone in the US and Mike Fries outside the U.S.Life outside work Being a dad, running, skiing, eating and enjoying the company of friends and family.last_img read more

By Marin Katusa Chief Energy Investment Strategis

first_imgBy Marin Katusa, Chief Energy Investment StrategistOne of oil’s most important characteristics is its fungibility, which means that a barrel of refined oil from Texas is equivalent to one from Saudi Arabia or Nigeria or anywhere else in the world. The global oil machine is built upon this premise – tankers take oil wherever it is needed, and one country pays almost the same as the next for this valuable commodity.Well, that’s true aside from two factors that can render this equivalency void. In fact, crude oil prices range a fair bit according to the quality of the crude and the challenge of moving it from wellhead to refinery. Those factors are currently wreaking havoc on oil prices in North America: a range of oil qualities and a raft of infrastructure issues are creating record price differentials. And with no solution in sight, we think those differentials are here to stay.The Parameters of PricingThe first factor in oil pricing is quality. The best kind of crude is light and sweet: “light” means its hydrocarbon molecules average on the small side within the oil range; and “sweet” means it does not contain much sulfur. Light, sweet crudes are the easiest to refine into petroleum products, which makes them more desirable than heavy, sour crudes.No two reservoirs produce identical oil, though reservoirs in the same region often produce similar crudes. For example, conventional oils from Texas are generally lighter and sweeter than the crudes that make up the European benchmark Brent blend; this is why West Texas Intermediate crude oil carried a premium over Brent crude for years. Similarly, Bonny Light oil from Nigeria is a bit heavier and sourer than Algeria’s Saharan Blend and therefore receives a slight price discount.But wait, you say – isn’t Brent more expensive than WTI? Yes, today it is. This graph shows the two prices’ movements over the last 25 years.(Click on image to enlarge)For most of the graph the prices track very closely, with the green WTI line sitting just above the black Brent line. Then, in the second half of 2010, the relationship starts to shift: WTI prices started to lose ground against Brent. The differential was only a dollar in November 2010, but by September 2011 Brent crude was worth US$27.31 or 32% more than WTI. The differential narrowed in December but has recently opened up again, with the spot price of Brent closing US$13.88 above that of WTI yesterday.The characteristics of WTI and Brent crude oils did not change during 2010, so the pricing reversal must have stemmed from the other factor that impacts crude-oil prices: infrastructure. More specifically, WTI prices started to slide because of a lack of infrastructure.North America’s Fantastically Flawed SystemNorth America has a long history of oil production and processing. Decades of producing oil and consuming lots of petroleum products have left the continent with a pretty good system of pipelines and refineries… but pipelines are annoyingly stagnant things that tend to stay where you build them. And it turns out that the pipelines of yesterday are in the wrong places to serve the oil fields and refineries of today.America’s oil infrastructure was built around two inputs – some domestic production and large volumes of imports. You see, while the Middle East may be the biggest producer of crude oil in the world, most of the refining occurs in the United States, Europe, and Asia. There are two reasons for this. The first is that it’s easier to ship massive volumes of one product (crude oil) than smaller volumes of multiple products (gasoline, diesel, jet fuel, and so on). The second reason is that refineries are generally built within the regions they serve, so that each facility can be tailored to produce the right kinds and amounts of petroleum products for its customers.During World War II, the US War Department (now the Department of Defense) divided the United States into five regions to facilitate oil allocation. The regions were called “Petroleum Administration for Defense Districts,” or PADDs.The United States is split into five oil districts to help with regional administration of a crucial asset. Thanks to the US EIA for the map.Today, refineries in PADD I on the East Coast process oil shipped to the district’s Atlantic ports from all over the world. Its refineries produce enough petroleum products to meet about one-third of regional demand; the rest comes from imports of refined products, primarily from the Gulf Coast but also from Europe. PADD V, on the West Coast, processes domestic oil from California and Alaska, as well as imported oil.While the East- and West-Coast PADDs are not connected to the rest of the crude oil system, PADDs II, III, and IV have become very interdependent. PADD III, on the Gulf Coast, has more refining capacity than anywhere in the world and accounts for 45% of total US capacity, with 45 refineries processing more than 8 million barrels of oil per day from countries like Mexico and Venezuela as well as domestic sources. Refineries in the Midwest and California push the US’s total refining capacity to 18 million barrels of oil a day.While domestic production has always helped meet the US’s oil needs, imported oil has long ruled the day. The US has relied on imported oil so heavily for so long that the country’s oil infrastructure is built primarily around refining imported oil and then moving refined products – gasoline and diesel and the like – north, from the Gulf Coast to the Midwest, or inland, from refineries on the coasts to customers in the interior.It was not, it is important to note, designed to move oil from the interior of the country to refineries. But that is what is needed today.Oil’s a-Flowing, But with Nowhere to GoNorth American oil production is on the rise in a serious way, and there are two prime culprits: the Bakken shale and the oil sands.The Bakken shale formation underlying North Dakota gets most of the credit for the resurgence in US domestic output, though some of the shales in Texas are also contributing notably. Production in the Bakken is so booming that North Dakota’s crude output topped half a million barrels a day for the first time in November, up from just 300,000 bpd in 2010. The state is on track to surpass both California (539,000 bpd) and Alaska (555,000 bpd) this year to become the number-two oil-producing state in the United States.Oil from the Bakken is generally mid-weight and fairly sweet. Ideally it should stay in the Midwest, because the refineries around Cushing are still designed to process light sweet oil. However, the other area where North American oil production is booming produces just the opposite. In fact, oil from the Canadian oil sands is so heavy that it has earned a distinct moniker: “bitumen.” And there is a tsunami of bitumen on the way. The two million bpd being produced in the oil sands today is set to increase 50% in just the next three years.However, Canada’s oil sands are not the only place in the world producing heavy oil. In general, global production is gradually moving towards heavier, sourer crudes because the easy deposits of light, sweet crude are being tapped out. And that has forced refineries to evolve.A refinery designed to handle light, sweet WTI crude cannot switch to heavy, sour oil sand bitumen without some serious upgrades. To that end, US refineries have invested billions in upgrades over the last decade to enable them to process heavy oil. The catch is, now the refinery army along the Gulf Coast needs heavy oil – just as they couldn’t easily switch from light to heavy, they can’t switch from heavy back to light.The obvious source is the oil sands. It’s a win-win: Oil-sands producers want to get their oil to suitable refineries, and the heavy oil refiners on the Gulf Coast want Canadian crude, because without access to bitumen they are being forced to pay a premium for to secure heavy oil supplies from Venezuela.But that potential win-win is instead a losing predicament for all, because the pipelines to move that oil simply don’t exist.Remember how the US’s oil pipelines were designed primarily to move refined products from the Gulf region and the coastal refineries to inland customers? Well, those pipelines of yesterday now run the wrong way. Today what North America’s oil machine needs are pipelines running from the oil sands to the Gulf Coast. At the moment there is just enough capacity to get bitumen partway there – it gets to Cushing, the oil hub. And then it gets stuck.This chart tells the story perfectly. The vast majority of Canada’s bitumen is ending up in PADD II – in Cushing – where it simply sits in tanks because there is no heavy oil refining capacity in the Midwest, and there is very limited pipeline capacity to move oil south.Cushing is overwhelmed. The storage tanks at Cushing are at record levels, housing no less than 46.7 million barrels of oil. The recent reversal of the Seaway pipeline is helping – Seaway used to move refined products north from the Gulf Coast but has now been flipped to carry oil south. It is currently moving some 150,000 barrels of oil a day; volumes are expected to rise through the year to reach 400,000 bpd by early 2013. The pipeline’s owners would ideally like to twin the pipe, but regulatory proceedings for that project are not yet under way.The much-debated Keystone XL pipeline will also help. While routing and approval for the northern section of the pipeline are still under debate, construction of the southern leg of the project, running from Cushing to the Gulf Coast, is set to begin this summer. It could be operational before the end of next year.No matter what happens with the Keystone pipeline, the US will face ever-increasing competition for Canada’s oil. In fact, competition over oil from Canada – and around the world – is creating a new Cold War between the US and China.But even with Seaway reversed and Keystone XL’s southern leg in place, the glut of oil at Cushing will continue to grow. Production from the oil sands and the Bakken is simply growing too quickly for infrastructure to keep up. And when oil becomes landlocked, it loses that key characteristic – fungibility – that helps make it so valuable.North American Oil Differentials: Here to StayWith so much supply landlocked, Canadian oil prices are taking a serious hit. The benchmark price for Canadian heavy oil is Western Canada Select (WCS), which is currently trading at just US$59.33 per barrel. By contrast, WTI is priced at US$82.70, which means the differential is a whopping US$23.37 per barrel, or 28% higher.(Click on image to enlarge)Even Canadian synthetic – a partially upgraded bitumen product that has historically carried a premium to WTI – is trading at a discount to its American peer: Canadian synthetic is at US$79.13 per barrel.It’s a double-whammy differential: Canadian oil is heavy, which discounts its price; and the system to move it to suitable refineries is clogged up, creating another discount. Neither of those situations is going to change any time soon, and that means oil-sands projects may soon be on the chopping block.The oil sands is one of the costliest oil regions in the world to develop; and with WCS prices so low, the economics behind many new oil-sands projects have become pretty weak. New oil-sands mines require a price of around US$80 per barrel to break even. If an upgrader is part of the plans, that break-even price rises to almost US$100. In-situ projects, which use wells and underground steam injection to extract oil from the sands in place, usually carry a break-even price near US$60 per barrel.But even with some projects postponed and others slowed, bitumen production is still expected to climb rapidly. Estimates range, but most observers agree that it is likely the oil sands will be producing close to 2.7 million barrels a day by 2016, up from 1.6 million bpd last year.That kind of investment means that every time new pipeline and refining capacity is built, supply will catch up and the system will remain chockablock. And that means the differential between Canadian and US oil prices is settling in for a long stay. There are ways to benefit from this differential, but given the complexity of the situation, only informed investors will be able to take advantage. Additional Links and ReadsIraq and Iran Cuddle Up in OPEC, But for How Long? (Reuters)Historic rivals Iraq and Iran are growing closer in their OPEC policy preferences, specifically in wanting an oil price near US$110 per barrel. Their joint force is providing a counterweight to the more moderate Gulf Arab countries led by Saudi Arabia that have long dominated the cartel. However, relations could again grow strained later in the year when Iraq passes Iran to become OPEC’s second-biggest producer.Lower Oil Prices Will Crimp Industry Spending (Globe and Mail)The oil and gas industry invests no less than a billion dollars in Canada every week and has been doing so steadily since 2006, only taking a breather during the financial crisis in 2009. However, leading indicators suggest that corporate wallets are getting leaner and spending is set to slow down in the second half of this year, falling to the lowest level since 2005. The culprits? Low oil and gas prices.Natural Gas: Where Deep Pessimism Bodes Well (Globe and Mail)With many analysts now in agreement that natural gas prices can’t go much lower, is it time to invest? This article takes a tour through what happened to natural gas prices and where they might be heading from here.A Chance for BP to Get Its Kremlinology Right (Globe and Mail)BP is in a lucrative but loveless Russian marriage that seems headed for divorce, but BP CEO Bob Dudley might have found an elegant way to salvage his company’s Russian strategy. BP’s joint venture with TNK is on the rocks after TNK sued to prevent the British company from finalizing another Russian joint venture, a massive partnership with Rosneft that has since gone to rival ExxonMobil. Now it seems Rosneft might be willing to buy BP out of its deal with TNK in a deal that would involve cash and access to promising new fields in the Russian Arctic, an arrangement that would get BP out of its loveless marriage without having to give up its coveted Arctic foothold.last_img read more

In This Issue… Very tight range for currencies…

first_imgIn This Issue… * Very tight range for currencies… * Gold takes two steps back… * Eurozone Summit begins tomorrow…. * Don’t feed the Animals… And, Now, Today’s Pfennig For Your Thoughts! A Plan To Have A Plan? Good day… And a Wonderful Wednesday to you! I’m at a loss this morning… Usually, I have done some reading the previous night, and come to work loaded for bear… But that didn’t happen last night, as Alex and his band mates had “band practice” in my man cave / basement… While I love listening to Alex play his guitar, the beating of the drums gets to me after about, oh, 5- minutes! So, I went upstairs, to watch the baseball game… and since my computer is downstairs… no reading! Which means this could be short-n-sweet today… and then again, you never know with me, once I begin to bang on the keyboard with my fat fingers! And never knowing what’s going to happen next is the trading pattern we’ve been thrust into these past months, but even more so now, as the Central Bankers around the world, begin to figure out, what they could have learned years ago, by reading the Pfennig, and that is… they can’t control the economy like they think they can! And with every Central Bank meeting between the U.S. and Eurozone, the lead up to the meeting is full of anticipation, and then are left with disappointment… The markets want more from the Central Banks, but… they’ve done just about all they can do, and none of it works… You know, if they had just looked at Japan, they would have learned long ago that Central Bank meddling into the economy doesn’t work over time. Sure, there are short-term blips of positive response but those last about as long it takes to get lathered up about the economy… and then the disappointment sets in… Well.. I did an interview with The Street.com yesterday, and we talked about Gold, and a few other things. I made the point that while it doesn’t make sense to me, that investors are selling Gold ahead of the Eurozone Summit this week, as most people believe the Eurozone leaders will disappoint the markets… And since the markets have had their share of disappointment lately (see Ben Bernanke x 2) they are selling Gold and buying dollars. OK.. to prepare for disappointment is sound in my opinion… But to sell Gold when there is uncertainty in the world, on both sides of the Atlantic? I don’t find that as sound… But, as I told the reporter, I learned long ago that the markets are never wrong… I might not agree with them, but you don’t try to fight them. Instead, you do the old Ali, rope-a-dope… All this talk about disappointment isn’t carrying over to what you’re feeling while you read the Pfennig this morning! Yes, I’ve been very serious so far.. not the usual Chuck stuff… Don’t worry, it’s coming! Yesterday, we saw the currencies bounce around in a very tight range, with no direction and no conviction to more either way. Gold lost $13.. So, it’s one step forward, two steps back with Gold these days… But I don’t worry.. can you see me as Alfred E. Newman, with a balding head, and a big beer belly, saying, “What, me worry”? As I told the reporter yesterday, Gold’s backing off this year certainly gives all those that missed the boat the first time, cheaper levels to buy… This morning, I turned on the currency screens and noticed that ½ of the currencies were in the red, and the other ½ were in the green… Red is bad.. green is good… And Gold is down another $5 this morning… one step forward, two steps back.. I really don’t believe we’ll see much movement in either direction today for the currencies, as the markets await the Eurozone Summit which begins tomorrow… OK… last week, I wrote about what I believe the Eurozone leaders need to do to calm the markets at this summit… so I won’t get into that again, but… I’m afraid we’re not going to get what I believe is needed… There’s been some “leaking” of news before the Summit, and it appears that the Eurozone leaders are going to opt to come up with a “plan to have a plan”… Uh-Oh! I don’t think that’s going to calm the markets, but, as I said above… we don’t know how the markets will react… Maybe they’ll be buffaloed into thinking that this is good, just like they were last summer when the U.S. debt commission couldn’t come up with spending cuts, and the so-called “automatic cuts” were supposed to take over… From what I read this morning… the “plan to have a plan” will go about ½ of the way toward what I said was needed, by providing an accurate diagnosis of the challenges facing the Eurozone, and the steps that will need to be taken… They’ll talk about the 4 pillars: growth, banking union, fiscal union, political union) but they won’t get past that discussion… And then the “plan to have a plan” will put off the next phase until late fall, and maybe even into winter! So… you see, if the markets get a sniff of this like I did, then the disappointment will really set in… unless, like I said above, they get buffaloed… And the Eurozone leaders need time to put pressure on Germany to agree to all the things in the “plan”… It all begins tonight when German Chancellor Angela Merkel sits down to dinner with French President, Hollande… Mr. Hollande will attempt to use his “French charm” and get the German Chancellor to weaken her stance… Whoa, that almost sounds like the beginning of one of those romance novels or whatever they call them! But… what will most likely happen is that Angela Merkel will use Jedi mind tricks on Hollande and he won’t know what hit him! I know what that feels like, as I’ve had Jedi mind tricks played on me for years… HA! Chris Gaffney and yours truly, say that the Big Boss Frank Trotter, plays Jedi mind tricks on us… The global growth prospects got a boost overnight, when the China Securities Journal talked about the country introducing more proactive policies to ensure stable growth in the world’s second largest economy. Then the Xinhua News Agency said that “China plans to boost Hong Kong’s integration with mainland financial markets”… As I’ve told you all a couple of hundred times before… China still has the Treasure Chest stuffed full of reserves that can be used to stimulate their economy without going into debt doing so… But even more, China has more tools to use, as they have not painted themselves into a corner like Japan, the U.S. and the Eurozone have done by cutting interest rates to the bone and then gone to Quantitative Easing… And, like I told you all two years ago, when economists and analysts said that the Chinese economy would collapse, I said that it would moderate, but not collapse… and that’s exactly what’s happening! I love it when a plan comes together! Well… Italy auctioned some bonds this morning, and actually saw decent demand for their debt, and yields actually fell for the first time in a month of Sundays… But, even this news isn’t enough to take the markets focus off the Eurozone Summit that, like I said previously, begins tomorrow… Here in the U.S. we’ll see the color of Durable Goods Orders for May, and Pending Home Sales data from May… Not much in the way of market moving data… The “experts” are forecasting an increase in Durable Goods Orders of .5%… and Top lawmakers in the Senate say they have reached a deal on freezing student loan rates for another year.. But get this… but they are still deciding the mechanics for how the proposal should make its way through the legislature before Congress leaves for the July 4th holiday week… Hey, just pass it, no wait! Chuck don’t go there! Other than that… U.S. Consumer Confidence fell for the 4th consecutive month in June… The index number dropped from 64.4 in May to 62 in June… You know me… not that I want to see this, but it’s finally going in the direction I believe it should have been going all along, given the Wars, the debt, the unemployment, and the list goes on… So, maybe this is playing catch-up now… And in the category of “What the heck is going on here”? Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission,( CFTC) (you know the guys I complain about all the time for not doing their jobs) said regulation inevitably will lead the agency to go beyond domestic borders to police the derivatives market. He’s not the only one who sees it that way. “We are looking at the CFTC effectively becoming the global swaps regulator,” said Hannah Gurga, head of European affairs at ICAP. “Maybe that will be a good thing for financial stability, but it’s something overseas regulators need to be grappling with quite seriously.” Isn’t that the way things go in life? Screw up something beyond recognition, and get more powerful… Lynyrd Skynyrd is singing… You Got That Right on the iPod right now, so I guess they are answering my pondering.! Then There Was This… Ok… yesterday, I talked about how the U.S. Gov’t was recruiting people to sign up for food stamps… I find this to be totally wrong… well, a couple of readers sent me a note that just made me laugh and laugh… So… here goes…“The Food Stamp Program, administered by the U.S. Department of Agriculture, is proud to be distributing the greatest amount of free meals and food stamps ever.Meanwhile, the National Park Service, administered by the U.S. Department of the Interior, asks us to “Please Do Not Feed the Animals.” Their stated reason for the policy is because the animals will grow dependent on handouts and will not learn to take care of themselves.” Chuck again… talk about ironic! And that’s all I’ll say about that! To recap… a very tight range for the currencies yesterday lead us into what will probably be another tight range trading day for the currencies ahead of the Eurozone Summit which begins tomorrow… Chuck believes the Eurozone leaders will leave the markets with disappointment, unless that is they are buffaloed like they were last summer here in the U.S. Currencies today 6/27/12… American Style: A$ $1.0085, kiwi .7905, C$ .9755, euro 1.2495, sterling 1.5625, Swiss $1.04, … European Style: rand 8.3765, krone 6.02, SEK 7.07, forint 229.15, zloty 3.40, koruna 20.7470, RUB 32.90, yen 79.65, sing 1.2765, HKD 7.7585, INR 57.16, China 6.3565, pesos 13.74, BRL 2.0760, Dollar Index 82.39, Oil $78.95, 10-year 1.62%, Silver $26.89, and Gold… $1,569.20 That’s it for today… You know, I sounded like I didn’t like the band having practice at my house, but I have to say that it does remind me of when I played the guitar in a band and we practiced in my basement… My mom used to come downstairs and listen to us… she was our biggest fan… So… good memories there… I prefer to remember my mom from those years, for as she grew older she was stricken with MS, and then he whole persona changed… Well, college football finally has a playoff system! YAHOO! It will begin in 2014… and in the first year of the playoff my Missouri Tigers will be the Champs! Ok… I know, but I can dream right? And with that… I’ll dream that you loved the Pfennig today, and can’t wait for tomorrow’s! Now, go out and have a Wonderful Wednesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.comlast_img read more

Dear readers As you may recall from Mondays Dail

first_imgDear readers,As you may recall from Monday’s Daily Dispatch, I’ve just returned from China and shared some thoughts about the place. This would seem to be a good time to share one of our last video conversations from the Recovery Reality Check Summit we held in Florida three months ago. Please note that while my tone was more bullish on China than this conversation – and I stand by my observations – that bullishness is regarding the mid to long term. In the near term, I’m quite sympathetic to the idea of more bubbles popping in China, and serious consequences ensuing for the global economy, as outlined by Gordon Chang in this interview.I also note that since this conversation was recorded, Gordon has been shown right regarding China’s increasing reliance on the US; the US has officially become China’s top trading partner, displacing the EU.Also, while in China last week, I heard of a young man sentenced to four years in jail for spray-painting “CCP Game Over” on a wall. The China Communist Party was never known for its sense of humor, and it seems to have much less of it these days. Several political observers I met in the country think the power struggle will ultimately be positive for China, resulting in the country moving toward greater freedom. In the meantime, it could have negative economic consequences, as per Gordon’s views below.On the bright side, Gordon agrees with me that whatever happens, even in the near term, the trend in China is bullish for gold.Whether we agree or disagree with all that Gordon has to say, the topic could hardly be more important for our investments. I hope you enjoy the conversation.Sincerely,Louis JamesSenior Metals Investment StrategistCasey Research Gordan Chang, author of The Coming Collapse of China and Nuclear Showdown: North Korea Takes on the World, was a faculty member of the last Casey Research investors’ summit. The next conference – Navigating the Politicized Economy – will be held in sun-drenched Carlsbad, California, September 7-9 and is being co-hosted by Sprott, Inc.This timely investors’ conference is designed to help further your understanding of the world’s increasingly centralized economies so that you can profit from the market dislocations they are creating. Many financial luminaries will be on hand, including David Walker, former United States Comptroller General; Karl Denninger, author the daily market commentary The Market Ticker and operator of Ticker Forum, an online trading community; and G. Edward Griffin, author of the best-selling book on the founding of the Federal Reserve Bank, The Creature from Jekyll Island.These are but a few of the new faces you’ll see in Carlsbad. Also appearing will be our own Doug Casey, resource investing legend Rick Rule, who founded Global Resource Investment (now part of the Sprott Group of companies), and Lacy Hunt, executive vice president of Hoisington Investment Management Company (HIMCO) and the attendees’ favorite speaker at our last Summit.This is just the tip of the iceberg, as we’ll have many more speakers, not to mention special sessions on alternative investments, precious metals, the energy market, and more. Plus, we’ll have roundtable discussions on the best investment strategies to implement right now, question-and-answer sessions, and specific stock recommendations that could pay for the cost of your Summit registration many times over.last_img read more

A userled campaign is celebrating a £200 000 bi

first_imgA user-led campaign is celebrating a £200, 000 “birthday gift”, after the Scottish government announced funding that will pay for some of the extra costs faced by disabled people who want to stand in next year’s local government elections.One in Five a cross-party Scottish campaign which was launched a year ago, said the announcement of the new Democratic Participation Fund for Disabled People – which will be run by Inclusion Scotland on a pilot basis until May 2017 – was “magnificent news”.The fund will run alongside the Access to Politics for Disabled People project, which is offering non-financial support to disabled candidates standing in May’s election to the Scottish parliament and prospective candidates for the 2017 elections.The £200,000 funding could embarrass the UK government, as its own Access to Elected Office fund has been lying dormant since the 2015 general election while its effectiveness is reviewed.Jamie Szymkowiak, founder of One in Five, said the announcement provided disabled people with “plenty of time to consider standing for selection in the 2017 local government elections”.Marco Biagi, Scotland’s minister for local government and community empowerment, said: “We know disabled people often find it difficult to access elected offices due to the many barriers that exist, and the additional cost of being disabled is one of them.“I am delighted to announce this funding, which comes as a direct response to one of the key demands from disabled people’s campaign organisations, who all highlight that funding is a major barrier for disabled people to even consider accessing politics.”Pam Duncan-Glancy, Labour’s One in Five ambassador, said the announcement was “a great birthday present” for One in Five.She said: “Paying for the extra costs associated with being disabled – like covering the costs of personal assistants or accessible travel – is a huge barrier.“This fund will make immeasurable difference to disabled people seeking to be involved in politics.  We are proud to have been key to making it happen.”Inclusion Scotland research has found that less than five per cent of MSPs are disabled people.Sally Witcher, chief executive of Inclusion Scotland, said: “This new fund has the potential to make a real difference, not just to individual disabled people, but ultimately to the strengthening of Scottish democracy.“Participation in public and political life is everyone’s human right and there is much work to do to ensure that this right can be fully exercised by disabled people.”Deborah King, co-founder of Disability Politics UK, said: “The Scottish government are leading the way in helping disabled people become elected politicians.“The UK government needs to move faster and introduce a larger fund in England and Wales.”She added: “We also want Scottish politicians to press the UK government to change electoral law to enable job-sharing in elected political office, so that more disabled people and carers can stand for election.“This is needed in local, regional and national government.”Members of One in Five and other disabled people’s organisations celebrated the campaign’s first anniversary outside the Scottish parliament this week (pictured).They called for political parties to make this May’s elections as accessible and inclusive as possible, by taking measures such as producing manifestos in accessible formats, subtitling campaign films, hosting hustings in accessible venues, providing more British Sign Language interpreters, and extending the use of livestreaming of campaign events.Since its launch, One in Five has signed up more than 40 political organisations and local party branches to its five-point charter.It has also persuaded the Scottish government to change the rules governing elections to the Scottish parliament so that spending on a parliamentary candidate’s disability-related costs will no longer count towards the legal limit on their election expenses.Duncan-Glancy said: “The challenges facing disabled people in politics are numerous and we have been quite overwhelmed by the engagement of all political parties in Scotland who have embraced the challenge with open arms, honesty and a thirst to do better.”last_img read more

Facebook to Reduce News Feed Noise and Business Pages Could See Big

first_img Add to Queue Next Article Reporter Angela Moscaritolo –shares Facebook Image credit: via PC Mag The only list that measures privately-held company performance across multiple dimensions—not just revenue. This story originally appeared on PCMagcenter_img January 12, 2018 This change will likely cause people to spend less time on Facebook, but make the time they do spend there ‘more valuable,’ according to CEO Mark Zuckerberg. 2019 Entrepreneur 360 List Facebook to Reduce News Feed Noise and Business Pages Could See Big Hit 3 min read Facebook just announced a major impending News Feed change, which is intended to improve users’ mental health, but will likely cause Page admins to see a drop in engagement.In an effort to make the service better for people’s well-being, Facebook is changing up its News Feed ranking algorithm to start showing users more posts from family, friends and groups they are part of, and less content from businesses, brands and media organizations. This change will likely cause people to spend less time on Facebook, but make the time they do spend there “more valuable,” CEO Mark Zuckerberg wrote in a blog post.As another consequence, Facebook Pages will likely see a decrease in “their reach, video watch time and referral traffic,” according to Facebook’s News Feed Head Adam Mosseri. Pages posting content “people generally don’t react to or comment on” will likely see the most significant drop in engagement, he wrote, adding that “pages whose posts prompt conversations between friends will see less of an effect.”News of these impending changes comes after Facebook in December acknowledged that passively reading your Facebook News Feed isn’t always good for your mental health. Those who interact with posts (commenting, liking, etc.) tend to feel better about themselves than those who just scroll and scroll, the company found.Facebook CEO Mark Zuckerberg made it his New Year’s resolution to address this problem and fix other big issues facing the social network, including abuse and hate on the platform and along with foreign attempts to spread misinformation.”Recently we’ve gotten feedback from our community that public content — posts from businesses, brands and media — is crowding out the personal moments that lead us to connect more with each other,” Zuckerberg posted on his wall late Thursday. He explained that there’s more public content on Facebook today than posts from a person’s friends and family, so News Feed currently shows more of the latter. But going forward, that’s changing. “We feel a responsibility to make sure our services aren’t just fun to use, but also good for people’s well-being,” Zuckerberg continued. “Research shows that when we use social media to connect with people we care about, it can be good for our well-being. We can feel more connected and less lonely, and that correlates with long term measures of happiness and health. On the other hand, passively reading articles or watching videos — even if they’re entertaining or informative — may not be as good.”Zuckerberg said it will “take months” for these changes to completely roll out. If you follow a specific page you want to continue seeing its content in your News Feed (like PCMag, for example), be sure to select See First in News Feed preferences. Apply Now »last_img read more

Mozilla Pulls Facebook Ads Over Privacy Flap

first_img Apply Now » Facebook Mozilla has temporarily pulled its advertising from Facebook over the Cambridge Analytica controversy.The leak of data from 50 million Facebook users to the political consulting firm prompted Mozilla to examine Facebook’s default privacy policies, which can give third-party apps access to your profile data and activities.”The default permissions that Facebook gives to those third parties currently include data from your education and work, current city, and posts on your timeline,” Mozilla said in a blog post.Mozilla already started a petition that demands Facebook change its app permission policy so your privacy is protected by default. But on Thursday, it took things further, and pulled its advertising dollars from the social media platform.”When Facebook takes stronger action in how it shares customer data, specifically strengthening its default privacy settings for third-party apps, we’ll consider returning,” Mozilla said in a separate blog post. But for now, it’s “pressing pause on our Facebook advertising.”Time will tell if other advertisers follow the Firefox developer’s lead. But according to Facebook, advertisers have thus far been satisfied with the company’s efforts on privacy. “Most of the businesses we’ve spoken with this week are pleased with the steps we’ve outlined to better protect people’s data,” a Facebook spokesperson said in a Thursday email.”They have confidence that we’ll respond to these challenges and become a better partner and company as a result,” the email added.In 2014, Facebook banned the type of data collection Cambridge Analytica benefited from, which involved scooping up information from Facebook users who gave their consent, but also their friends, who had not given their permission to do so. That web of connections ultimately gave Cambridge access to 50 million data files, including people’s Facebook likes and other identifying information.Facebook plans to examine Cambridge Analytica servers to ensure it destroyed the leaked data. But in the meantime, it will audit any company or developer who collected large amounts of Facebook user data prior to 2014. Those who refuse the audit or have been found misuing the data will be banned, Facebook CEO Mark Zuckerberg said on Wednesday in his first remarks on the Cambridge Analytica scandal.The social media giant also plans to further limit third-party apps from accessing your Facebook data. “For example, we will remove developers’ access to your data if you haven’t used their app in 3 months. We will reduce the data you give an app when you sign in — to only your name, profile photo, and email address,” Zuckerberg said.In addition, Facebook will roll out a new tool to help you understand which apps have access to your data.In its Thursday blog post, Mozilla said it’s “encouraged” by what Zuckerberg promised. But it will wait for the social media giant to make the upcoming privacy protections official before resuming any advertising. March 23, 2018 3 min read Add to Queue 2019 Entrepreneur 360 List Guest Writer The only list that measures privately-held company performance across multiple dimensions—not just revenue. Michael Kan Image credit: via PC Mag Next Article –shares The Cambridge Analytica controversy triggered the Firefox developer to press Facebook to change its default privacy settings for app permissions. Reporter Mozilla Pulls Facebook Ads Over Privacy Flap This story originally appeared on PCMaglast_img read more

New insights into molecular motors could help treat neurological disorders

first_imgBy Dr. Liji Thomas, MDJul 15 2019A new study reported in Nature Communications has discovered activators for molecules that act as motors to move materials around within nerve cells.Nerve cells form the basis of the nervous system in animals, as they transfer information between the various sensory and effector organs of the body and the brain and spinal cord. However, this function relies heavily on the transport of several proteins and other molecules between various parts of the cell.A nerve cell comprises a cell body, and multiple short branches called dendrites. It also has a long projection called the axon which carries signals away from the neuron. Nerve cells also have tiny tubular tracks composed of microtubules along which cargo is moved to and from the dendrites and axons by an attached molecular motor called KIF1C.Human cells synthesize many types of motor molecules, called kinesins and dyneins. These carry cargo towards opposite ends of the cell, and both motors are often present on cargoes so that they can change direction if their progress is hindered. However, there is still a vast field for research into the regulation of KIF1C in both space and time within cells, to allow its application in a host of neurological disorders. Researcher Anne Straube says, “If we understand how motors are shut off and on, we may be able to design cellular transport machines with altered properties. These could potentially be transferred into patients with defect cellular transport to compensate for the defects. Alternatively they can be used for nanotechnology to build new materials by exploiting their ability to concentrate enzymes or chemical reagents. We are also studying the properties of the motors with patient mutations to understand why they function less well.” There are 45 kinesins, but only a few of them are actually understood, in terms of what sets the motors in action. Among them, KIF1C is the fastest motor in nerve cells, and is used for various processes within the neuron that require cargo transport in either direction. Defects in this motor underlie several debilitating nerve disorders, including hereditary spastic paraplegia, that is known to affect about 135,000 people the world over. Alzheimer’s disease and dementia are other conditions which are also linked to poorly functioning molecular motors.KIF1C is a typical molecular motor, a protein which acts as a chemical-to-mechanical energy converter. This helps it to carry diverse loads in dense core vesicles within the cell. KIF1C also transports molecules called integrins that are important for cell adhesions.Related StoriesNanoparticles used to deliver CRISPR gene editing tools into the cellNeural pathways explain the relationship between imagination and willingness to helpPosterior parietal cortex plays crucial role in making decisions, research showsKIF1C must remain at rest while the loading process is underway, and move the cargo once loading is complete until it is actually offloaded at the end of the trip. When compared to motor size, nerve cells are incredibly long, up to 3 feet. The transport system must be foolproof at the same time to avoid inhibition of nerve function.The current study at the University of Warwick was aimed at unraveling the mechanism of activation/inactivation of KIF1C. The scientists found that the inactive state of the KIF1C molecular motor is related to its autoinhibition, caused by the infolding of the molecule on itself. This causes its stalk to link to the part that attaches to the microtubules forming the tracks, and so keeps it out of action.When its function is required, it utilizes two other proteins on the cargo, called PTNPN21 and Hook3. Either of these proteins attaches to the stalk of the KIF1C molecule, which results in its unfolding and activation. The outcome is that it slots into the tracks and starts to run along them, rather like a marathoner beginning the race at the starter’s gun.When these proteins are present, they increase the rate at which the KIF1C lands on the tracks by about 40%. Thus the cargo is able to activate the KIF1C motor when loaded. This may be one way in which kinesins can transport cargo both ways without contradictory pulls. When these proteins are present, they can rescue the function of cells that lack adequate KIF1C expression.If this discovery is confirmed, it could be used to start up or increase motor activity to shift required cargo within neurons to normalize the functioning in KIF1C-depleted nerve cell disorders. The team is currently considering work on hereditary spastic paraplegia. Intracellular transport, kinesin motor proteins transport molecules moving across microtubules, 3D illustration. Kateryna Kon / Shutterstock Journal reference:PTPN21 and Hook3 relieve KIF1C autoinhibition and activate intracellular transport, Nida Siddiqui, Alexander James Zwetsloot, Alice Bachmann, Daniel Roth, Hamdi Hussain, Jonathan Brandt, Irina Kaverina & Anne Straube, Nature Communications volume 10, Article number: 2693 (2019) DOI: 10.1038/s41467-019-10644-9, https://www.nature.com/articles/s41467-019-10644-9last_img read more

Telecom Italia reaches contentsharing deal with Mediaset

Telecom Italia said Thursday the deal will allow subscribers to watch Mediaset’s free-to-air channels and have access to the previous week’s programing posted on-line.The deal is part of Telecom Italia CEO Amos Genish’s plan to expand digital content. Genish was confirmed as CEO this week after the biggest shareholder, Vivendi, lost control of the board to activist hedge fund Elliott last week.Vivendi acquired a 24 percent stake in Telecom Italia and 30 percent of Mediaset with the aim of creating a major Italian media holding, but a deal to take over Mediaset has fallen in dispute. Explore further Telecom Italia has announced a content-sharing agreement with Mediaset, Italy’s largest private broadcaster, as the former telecom monopoly pushes ahead with its plan to improve digital content after a boardroom shakeup. Citation: Telecom Italia reaches content-sharing deal with Mediaset (2018, May 10) retrieved 18 July 2019 from https://phys.org/news/2018-05-telecom-italia-content-sharing-mediaset.html 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. © 2018 The Associated Press. All rights reserved. US hedge fund wrests Telecom Italia control from Vivendi read more

Murdochs News Corp calls for Google breakup

first_img In a petition to Australian regulators, News Corp’s local subsidiary complained that “Google enjoys overwhelming market power in both online search and ad tech services.”Going a step further, the company accused Google of “abusing its dominant position to the detriment of consumers, advertisers and publishers.”Earlier this week US presidential hopeful—and former federal consumer watchdog—Elizabeth Warren became the latest in a line of commentators to argue that firms such as Amazon, Google and Facebook hold “ too much power” in society.News Corp echoed her argument that Google’s businesses should be split, or failing that, search and advertising businesses should be firewalled off from each other.”While News Corp Australia recognises that divestment is a very serious step … divestment is necessary in the case of Google, due to the unparalleled power that it currently exerts over news publishers and advertisers alike.”Australian watchdogs are seen as unlikely to recommend that Google be split, but the petition represents an intensification of the worldwide fight between Australian-born Murdoch and Google and Facebook.News organisations accuse the tech giants of gaining huge commercial benefit from expensive to create content, while paying nothing and syphoning off advertising.The Australian Competition and Consumer Commission is one of several regulators across the world investigating the effect that digital platforms have on competition in the media, advertising and advertising services markets.News organisations in Australia have struggled in recent years with falling revenue and shrinking staff, as giants like Google and Facebook dominate the digital economy.The downturn has prompted a string of mergers that have left the market with only three or four major media companies.Local newspapers, once the lifeblood of communities across this vast country, run on a skeletal staff or have been forced to close.Murdoch’s News Corp is a dominant player, owning a slew of Australian newspapers and the largest television news channel, and is the majority owner of the Foxtel pay television operations.Murdoch’s vast political influence has frequently come under fire from former prime ministers on both sides of Australian politics and is widely seen as pushing the tone of public debate to the right. News Corp Australia is a subsidiary of US-based News Corp, which owns the Wall Street Journal and newspapers in Britain. Murdoch and his family also control the media-entertainment conglomerate 21st Century Fox, owner of the Fox News Channel. Australia watchdog tips tough rules to curb power of Google, Facebook © 2019 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. News organisations accuse tech giants such as Google and Facebook of gaining huge commercial benefit from expensive to create content, while paying nothing and syphoning off advertisingcenter_img Rupert Murdoch’s News Corp has called for Google to be broken up in Australia, the latest salvo in a battle between the corporate media giants. Citation: Murdoch’s News Corp calls for Google breakup (2019, March 12) retrieved 17 July 2019 from https://phys.org/news/2019-03-murdoch-news-corp-google-breakup.html Explore furtherlast_img read more

AP Assembly Council unanimously pass resolutions seeking Special Category Status

first_imgAndhra Pradesh June 18, 2019 COMMENT politics national politics SHARE SHARE EMAIL The Andhra Pradesh Assembly and the State Legislative Council unanimously passed resolutions urging the Centre to grant the promised Special Category Status (SCS) to the State while rejecting any special package in lieu of the promised SCS.Moving the resolution, Chief Minister Jaganmohan Reddy said previously the TDP government during its tenure had accepted a special package instead of the promised SCS and even the Assembly had passed a resolution. “To set the record straight, my Government is moving the resolution and urging the Centre to accord SCS to the State, immediately, respecting the wishes and sentiments of the five crore people of Andhra Pradesh and honouring the promise made on the floor of the Rajya Sabha at the time of the bifurcation of the State,” he said.He said the TDP government was responsible for the State not getting the SCS, as it did not pursue the matter in right earnest from the beginning. “In fact, it was a done deal. When the UPA was in power, in March 2014 the Union Cabinet, had sanctioned SCS to Andhra Pradesh and sent the recommendation to the Planning Commission to get it implemented. Even after the NDA government assumed charge in 2014, of which the TDP was also a member, the Planning Commission was in existence till the end of 2014. It was during this period the then Chief Minister, N Chandrababu Naidu, should have exerted pressure on the Planning Commission to secure SCS for the State. Subsequently, the Planning Commission was replaced by the NITI Aayog and the State government had accepted the special package and lost heavily..”Then, several YSR Congress members including ministers criticised the former chief minister for his stand on the matter and at times heckled him.Chandrababu Naidu’s response The former chief minister said, “You are indulging in mud-slinging and distorting facts and blaming me. In all earnestness, we tried to secure the SCS for the State, but the NDA government did not honour the promise given on the floor of the House by former Prime Minister Manmohan Singh. The special package was accepted, as a categorical assurance was given by the then Finance Minister, Arun Jaitley, that all the benefits under the SCS would be included in the package. But subsequently it became clear to us that the NDA government did not intend to honour the promise and we walked out of the Government and the NDA. Even sacrificing the political interests of the TDP, we fought the NDA government and tried to secure the SCS for the State.”Admitting that the TDP had failed to secure the SCS for the State, he said, “We have tried sincerely and failed. Now it is your turn. People have rejected us and given you a massive mandate, 22 members of Lok Sabha from the State belong to your party. We will also support you. Get the SCS for the State. You will gain nothing by abusing me, heckling me and slinging mud on me or my party.”In the State Legislative Council, Deputy Chief Minister P Subhash Chandra Bose moved the resolution for the SCS and it was unanimously passed.Earlier, in AP Assembly K Raghupati of YSR Congress was unanimously elected the Deputy Speaker of the House. The Assembly was adjourned sine die on Tuesday. Jaganmohan Reddy meets Amit Shah, pleads for SCScenter_img Several YSR Congress members including ministers criticised the former chief minister for his stand on the matter Jagan Mohan Reddy   –  PTI COMMENTS Published on SHARE RELATED last_img read more

Grin and gripe

first_img KUALA LUMPUR: One coach was jumping for joy while the other was forlorn.Perak coach Mehmet Durakovic was grinning from ear to ear after they came back twice to edge Selangor 3-2 at the Perak Stadium in Ipoh on Wednesday.Meanwhile, his counterpart B. Sathianathan rued their bad luck as a number of the Red Giants’ players were on the crocked list.The visitors took the lead through Taylor Regan in 29th minute before Careca equalised in the 42nd. Three minutes later, Selangor regained the lead through Endrick Dos Santos. Related News Perak put them on level terms off a Leandro Dos Santos penalty in the 48th minute. Careca then bagged his brace and the winner in the 62nd minute.Durakovic was full of praise for his fighters.“I’m very, very happy with my players as we don’t have a big squad. Selangor are a good side with top local and foreign players and they also have a good set-up of coaches.“The two goals we conceded were due to our mistakes but to come back in the second half and win the game was not easy.“Credit to my players for their fighting spirit to collect full points,” said Mehmet. “I want the boys to enjoy the win with their families.”The Seladang have a day’s rest before heading north to play against their FA Cup final opponents Kedah on Saturday.Sathianathan was annoyed that despite dominating the match they failed to hang on to their lead.“Perak’s penalty kick hit the post and none of my players reacted to clear the ball. They all just gave up and this is what I don’t like,” said Sathianathan.“We have limited players now as most are injured and it will be a challenge to form a decent team for our last two matches.“I will seek divine help to make sure my players can recover fast.”Their next match will be against Petaling Jaya City on Saturday and will wrap up their fixtures against PKNS on July 20.Perak now have 30 points, moving up one rung to sixth in the 12-team standings while Selangor remain fifth on 31 points. Stumbling block: Perak’s Ronaldo Silva crashes into a Selangor player during the Super League match in Ipoh on Wednesday. — Bernama Football 10 Jul 2019 Durakovic keeps defenders awake as Giants loom Football 08 Jul 2019 The coast is clear Football 10 Jul 2019 Perak edge Selangor 3-2 in Super League clash {{category}} {{time}} {{title}} Related Newslast_img read more