Spain’s World Cup 2018 kit: All you need to know

first_imgWorld Cup Spain World Cup 2018 kit: New retro Adidas design, controversy and all you need to know Ryan Kelly Last updated 1 year ago 18:00 5/3/2018 FacebookTwitterRedditcopy Comments(0) Spain World Cup 2018 kit Adidas World Cup Spain WTF La Roja won the tournament for the first time just under a decade ago and they will be hoping their new kit can bring some luck Spain head to Russia in the summer of 2018 in search of their second World Cup title and they have released an all new kit for the occasion.Their kit manufacturers Adidas have delved into the past in search of inspiration for their latest line of national team kits and La Roja’s newest offering is a testimony to that.With the tournament around four months away, Goal takes a look at what Julen Lopetegui’s men will be wearing when they take to the field. Article continues below Editors’ Picks Williams case shows Solskjaer isn’t holding Man Utd’s youngsters back – he’s protecting them Goalkeeper crisis! Walker to the rescue but City sweating on Ederson injury ahead of Liverpool clash Out of his depth! Emery on borrowed time after another abysmal Arsenal display Diving, tactical fouls & the emerging war of words between Guardiola & Klopp What does Spain’s World Cup 2018 kit look like?World Cup 2018 kit Spain homeIn a dramatic departure from their previous home kit, Spain’s new edition features a geometric pattern which runs vertically down the right side of the front of the jersey.The colours in the pattern are yellow, blue and red, which blends into the base red of the rest of the shirt.While the previous home jersey featured Adidas’ famous three stripes on either side of the torso, they have migrated to the shoulders of the new shirt.The collar, meanwhile, seems to have remained the same, but the Adidas logo has been shifted into the centre, perhaps to highlight the design pattern on the right.How much does the new Spain jersey cost?An authentic Spain home jersey will cost you £99.95 in the UK, while a replica version will be somewhat cheaper at £69.95. Both items can be bought online.In the US, a replica Spain home jersey will set buyers back $90, while an authentic one will cost $130, and they are both available to buy from Adidas’ online store.What is the inspiration?Luis Enrique Spain 1994 World CupAdidas have sought inspiration from iconic kits of the past in their most recent design efforts and in Spain’s case, they have produced a modern take on the kit worn at the 1994 World Cup in the United States.Both the Spanish home and away kits in that tournament featured a prominent design on the right side which was made up of rows of different coloured diamonds. The colours used in the ’94 home kit were yellow, red and navy blue, while the navy blue did not feature in the white away jersey.Unlike the modern interpretation, the classic jersey incoportated a polo-neck style collar, which was navy blue with slim streaks of red and yellow. However, like the modern version, the Adidas logo was placed in the centre of the chest.Why is the Spain World Cup 2018 controversial?Spain second republic flagInterestingly, the new Spain home kit for the World Cup has proved somewhat controversial to the point where both Adidas and the Spanish football authority (RFEF) have been compelled to make statements in order to quell anger.The combination of red, yellow and blue in the pattern on the right of the jersey has been seized upon by some as deliberately provocative due to the fact that they appear to resemble the colours of the Second Spanish Republic, which is still popularly used by separatist groups.Of course, the flag of the Second Spanish Republic is red, yellow and purple. So the confusion has arisen over whether the colour on the shirt is blue or purple.Adidas and the RFEF insist that the shirt design is “free of any political connotation” but that has not prevented people from having their say and some fans were particularly upset.Spanish newspaper El Pais reported that “politics is creeping into soccer once again” and a number of politicians waded into the controversy. Alberto Garzon, leader of the United Left (IU), said that he preferred the tricolour to simple red and yellow, while Pablo Iglesias of Podemos also expressed his approval. The political climate in Spain at present is particularly tense following the Catalonian government’s decision to press ahead with a contentious independence referendum last October and their subsequent attempts to establish independence from Spanish rule. That may explain the sensitivity.What about the Spain away kit?Sergio Ramos Spain 14112017The Spain away kit for the 2018 World Cup has not yet been released, but it is expected to be launched some time in the Spring of 2018.Spain wore an all-white away kit in the qualification stage, with three red Adidas stripes on the sides and red logos on the chest.It remains unclear whether the away jersey will be similarly inspired by the 1994 World Cup style.ergi Spain Mauro Tasotti Italy World Cup 1994It is possible that they will make a change from white and in the past they have gone with a variety of colours, including light blue, blue, dark blue, gold and even black.Either way, both Adidas and the RFEF will be hopeful that it attracts less controversy than its home variant.last_img read more

Is football in the Commonwealth Games?

first_imgPremier League Is football in the Commonwealth Games? Goal 02:45 16/3/2018 FacebookTwitterRedditcopy Comments(0) Harry Kane England Getty Images Premier League UEFA Europa League The 2018 Commonwealth Games will begin on April 4 and end on April 15, but is football included in the competition? It’s taken four years, but the 2018 Commonwealth Games are now finally on the horizon.England were runaway leaders in Glasgow in the 2014 games with a total of 174 medals, 58 of which were gold, and will be hoping for a repeat performance this time round.But what is the event, who is competing, and will football be included in the schedule? Goal takes a look. Article continues below Editors’ Picks Williams case shows Solskjaer isn’t holding Man Utd’s youngsters back – he’s protecting them Goalkeeper crisis! Walker to the rescue but City sweating on Ederson injury ahead of Liverpool clash Out of his depth! Emery on borrowed time after another abysmal Arsenal display Diving, tactical fouls & the emerging war of words between Guardiola & Klopp What is the Commonwealth Games?The first Commonwealth Games was held in 1930 and was marketed as an international multi-sport event involving athletes from the Commonwealth of Nations.John Astley Cooper, who first proposed the idea of the event in 1891, wanted a ‘Pan-Britannic-Pan-Anglican Contest and Festival every four years as a means of increasing goodwill and good understanding of the British Empire’. Indeed, the Commonwealth is held every four years, with the last taking place in Glasgow, Scotland 2014.There have been a variety of Commonwealth editions, including the ‘British Empire Games’, the ‘British Empire and Commonwealth Games’, the ‘British Commonwealth Games’, and simply ‘the Commonwealth Games’ as we now know it.The Commonwealth Winter Games ran from 1958 until 1966, the Commonwealth Youth Games have been held every year since 2000, while Para-sports were introduced in 1994 for athletes with a disability before they were included as full members for their national teams in 2002.Where and when is the 2018 Commonwealth Games?The opening ceremony of the 2018 Commonwealth Games will be held on Wednesday April 5 and will be held on the Gold Coast, Queensland, Australia. The games will come to a close on Sunday April 15.Australia, all-time leaders in the medal table with 852 golds, will host the games for the fifth time in its history.Is football in the Commonwealth Games?Harry Kane Jordan Henderson EnglandIn short, no. A minimum of ten core sports and maximum of seventeen sports must be included in any Commonwealth Games schedule, with the current list including athletics, badminton, boxing, hockey, lawn bowls, netball (for women), rugby sevens, squash, swimming and weightlifting.There are also nine para-sports, in this case swimming, athletics, cycling, table tennis, powerlifting, lawn bowls, and a triathalon. On March 8 2016, Beach Volleyball was also officially included in the event list.While football, along with billiards, fencing, and golf, are recognised Commonwealth Games Federation sports, hosts may not select them as official events as the are deemed to ‘need expansion’.With the games running through the middle of April, too, it would not make sense for European club players to participate due to their domestic seasons and with the 2018 World Cup kicking off in the summer.Which sports are played at the Commonwealth Games?The official list of sports included in the 2018 Commonwealth Games is as followed: Sports  Athletics Badminton Basketball Beach volleyball Boxing Mountain biking Road cycling Track cycling Diving Artistic Gymnastics Rhythmic Gymnastics Hockey Lawn bowls Netball Powerlifting Rugby sevens Shooting Squash Swimming Table tennis Triathlon Weightlifting Wrestling Where and when is the 2018 Commonwealth Games?The opening ceremony of the 2018 Commonwealth Games will be held on Wednesday April 5 and will be held on the Gold Coast, Queensland, Australia. The games will come to a close on Sunday April 15.Australia, all-time leaders in the medal table with 852 golds, will host the games for the fifth time in its history.Commonwealth Games venuesMain arena Carrara Stadium will host both ceremonies and the athletics, while the vast majority of events will take place in the host city Gold Coast.Some other events require facilities located elsewhere, however. Venue Sport Capacity Carrara Stadium Athletics, Opening Ceremony, Closing Ceremony 40,000 Robina Stadium Rugby 7s 27,500 Gold Coast Aquatic Centre Swimming, Diving 10,000/2,500 Gold Coast Sports and Leisure Centre Gymnastics, Netball (finals) 7,500 Gold Coast Convention and Exhibition Centre Basketball (finals), Netball (preliminaries) 5,000 Gold Coast Hockey Centre Hockey 5,000 Carrara Sports and Leisure Centre Badminton, Powerlifting, Weightlifting, Wrestling 5,000 Oxenford Studios Boxing, Table Tennis 2,500/2,750 Runaway Bay Sports Centre Squash 3,000 Broadbeach Bowls Club Lawn bowling 2,500 Carrara Indoor Stadium Weightlifting 2,500 Southport Broadwater Parklands Marathon, Racewalking, Triathlon 2,500 Elanora/Currumbin Valley Road cycling N/A Nerang National Park Mountain Biking 2,000 Queen Elizabeth Park[3] Beach Volleyball 4,000 Venue outside of Gold Coast Sport Capacity Cairns Convention Centre Basketball (preliminaries) 5,000 Townsville Entertainment and Convention Centre Basketball (preliminaries) 5,000 Anna Meares Velodrome Track cycling 4,000 Belmont, Queensland Shooting 3,000 Which nations will compete in the Commonwealth Games? AFRICA AMERICAS ASIA CARIBBEAN EUROPE OCEANIA Botswana Bahamas Bangladesh Anguilla Cyprus Australia Cameroon Belize Brunei Darussalam Antigua and Barbuda England Cook Islands Ghana Bermuda India Barbados Gibraltar Fiji Kenya Canada Malaysia British Virgin Islands Guernsey Kiribati Lesotho Falkland Pakistan Cayman Islands Isle of Man Nauru Malawi Islands Singapore Dominica Jersey New Zealand Mauritius Guyana Sri Lanka Grenada Malta Niue Mozambique St. Helena   Jamaica Northern Ireland Norfolk Island Namibia     Montserrat Scotland Papua New Guinea Nigeria     Saint Lucia Wales Samoa Rwanda     St. Kitts & Nevis   Solomon Islands Seychelles     St. Vincent & The Grenadines   Tonga Sierra Leone     Trinidad & Tobago   Tuvalu South Africa     Turks & Caicos Islands   Vanuatu Swaziland           Tanzania           Uganda           Zambia           Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries.last_img read more

Film Look: Three Things to Watch for From the K-State Offense

first_imgThe 24th-ranked Kansas State Wildcats head to Stillwater this Saturday boasting a 3-0 record which includes a nice nonconference win a couple of weeks ago against Mississippi State.KSU is off to an impressive start under first-year head coach Chris Klieman, who took over for the legendary Bill Snyder this past offseason. Before landing in Manhattan, Klieman had a long stint at North Dakota State (2011-18) serving first as the defensive backs coach, the defensive coordinator and then the head coach. In Klieman’s five seasons as head man, he recorded a 69-6 record and won four FCS National Championships.An incredible coaching resume is not all Klieman brought with him from NDSU, he also brought along his offensive coordinator Courtney Messingham. The former Bison OC broke multiple school and conference records during his two-year tenure, including most points scored, most touchdowns scored, total offense and rushing touchdowns.Now, Messingham’s offense has a lot of similarities to that of Snyder-led teams of recent years. He likes to get his power running game going, and then once you’re expecting run, he will hit you with play action. In addition, he utilizes RPOs and isn’t afraid to get the quarterback involved in the running game. One thing you’ll notice about Messingham’s offense is he often has the quarterback under center and he loves to have a fullback lined up in the backfield.For this post, I will cover my three key takeaways from KSU’s offense and give you a glimpse of what you might see on Saturday night in Boone Pickens Stadium.PowerPower is a run play that OSU fans are familiar with as it’s been a staple of the offense this season as well as during the Yurich tenure. Power normally involves a lineman pulling around to the play side to lead block through the hole. Messingham and the Wildcats love to run Power, specifically A-Gap Power, see the blocking scheme below. In the following clips, you’ll see two more play action concepts the Wildcats like to run. I’ve also seen Messingham utilize H-Counter and a couple of other variations of pulling linemen running plays. This keeps the defense guessing and creates different attack points for the offense, it also pairs well with the inside attack point of A-Gap Power. OSU defensive players like Amen Ogbongbemiga, Kolby Harvell-Peel, Malcolm Rodriguez, and others will have to be quick to the ball and avoid getting blocked by these big lineman attacking the second and third levels of the defense.Play Action Passing GameAs I mentioned above, Messingham likes to set teams up with his power running game and then catch them guessing with play action passes. One in particular play that he brought with him, that NSDU was running with current Philadelphia Eagle QB Carson Wentz before Messingham got there, is shown in the clip below from Ross Uglem. In addition to running back Power, the K-State teams of years past would also dial up Power with the quarterback. We haven’t seen KSU quarterback Skylar Thompson run the ball a lot this season, but he’s found success keeping it himself against past Cowboy defenses. I wouldn’t be surprised if we saw a little of this on Saturday. With the struggles the Cowboy defensive line has had stopping the run this season, it’s a little worrisome that KSU runs this play often and effectively. How will Jim Knowles defend the inside running game? The Pokes primarily base out of a three down linemen defense now, so will he bring the LBs up close to the line of scrimmage? Or, will he bring a safety down further into the box? It will definitely be an interesting chess match between Knowles and Messingham.Pulling Linemen to the PerimeterAlong with Power, I noticed a heavy utilization of pulling linemen to attack the perimeter in Messingham’s rushing attack. In the first clip below you see the center and the playside guard pull around the edge. Cowboy defenders will have to be disciplined in Stillwater this weekend and they can’t get caught looking with their eyes in the backfield, letting a man get behind them. If they do, it could be a long night for Jim Knowles.center_img Next, you’ll see the playside guard pull and attack a much smaller defender, creating a lane for the Wildcat running back. While you’re here, we’d like you to consider subscribing to Pistols Firing and becoming a PFB+ member. It’s a big ask from us to you, but it also comes with a load of benefits like ad-free browsing (ads stink!), access to our premium room in The Chamber and monthly giveaways.The other thing it does is help stabilize our business into the future. As it turns out, sending folks on the road to cover games and provide 24/7 Pokes coverage like the excellent article you just read costs money. Because of our subscribers, we’ve been able to improve our work and provide the best OSU news and community anywhere online. Help us keep that up. The tight end releases off the line and heads up the seam as Wentz fakes to the running back and hits the TE for a touchdown. Below you see K-State run something similar, although it doesn’t turn out so well. Ross Uglem of Bison Report explains in it more detail below and then the following video shows this play.The basic difference in the way that most teams run power and that way that NDSU does it is the shuffle pull from the pulling guard to keep his shoulders square to the hole.  Usually, a pulling guard will open up and run square to the sideline executing a “kick out” block a defensive end or outside linebacker. [GoPowerCat.com]Messingham and the Wildcats try to wear down teams by running this play over and over again throughout the course of a game. I saw them do it plenty of times against the Bulldogs, like in the example below.last_img read more

Third International TVET Conference Slated for November 29 to December 1

first_img The Joint Committee for Tertiary Education (JCTE), in collaboration with the Ministry of Education, Youth and Information, will host the third International Conference on Technical and Vocational Education and Training (TVET) from November 29 to December 1 at the Holiday Inn Resort in Montego Bay.The JCTE’s Senior Marketing and Business Development Consultant and Conference Chair, Jacqueline Knight-Campbell, says the event will bring together individuals and organisations that are collaborating to develop the education sector.“It will explore the building of educational partnerships; strategic leadership for institutional growth development; and professional development in higher education”, she said.She was speaking at a Jamaica Information Service (JIS) Think Tank at the agency’s head office in Kingston on Tuesday, October 24.The conference, which will also be supported by Delaware State University in the United States, will include concurrent sessions, workshops, exhibitions and panel discussions.Among the key events are a power breakfast, where heads of local and international companies will engage representatives from educational institutions in dialogue; and an awards ceremony to recognise outstanding educators, the Tertiary Student of the Year and outstanding corporate local and international individuals who have made indelible contributions to education.“It is a leadership conference that will provide the platform for building awareness on the readiness, activities and international exposure and exchange of what is happening in education,” Mrs. Knight-Campbell said.Additionally, she said persons are being invited to present research papers at the conference that should be submitted to the JCTE by Thursday, November 9.The focus areas include developing partnerships for an integrated approach to internationalising tertiary education; enhancing career through networking industry certification and professional organisations; and financing tertiary education for growth and sustainability, both locally and internationally. For further information on registration for the conference, persons may email theJCTE at: jctesecretariat@gmail.com, and for the submission of research papers: jctepr@gmail.com. Persons may also call 632-4136, 616-7620 or visit www.ucj.org.jm. The Joint Committee for Tertiary Education (JCTE), in collaboration with the Ministry of Education, Youth and Information, will host the third International Conference on Technical and Vocational Education and Training (TVET) from November 29 to December 1 at the Holiday Inn Resort in Montego Bay. Among the key events are a power breakfast, where heads of local and international companies will engage representatives from educational institutions in dialogue; and an awards ceremony to recognise outstanding educators, the Tertiary Student of the Year and outstanding corporate local and international individuals who have made indelible contributions to education. Story Highlights The JCTE’s Senior Marketing and Business Development Consultant and Conference Chair, Jacqueline Knight-Campbell, says the event will bring together individuals and organisations that are collaborating to develop the education sector. last_img read more

Boom in New Home Sales

first_img in Daily Dose, Government, Headlines, Market Studies, News, Origination Boom in New Home Sales The demand for housing outweighed the small existing home inventory in February, according to a report from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). New home sales in February 2017 were at a seasonally adjusted rate of 592,000, a 6.1 percent increase from January’s rate of 558,000 and a 12.8 percent increase year-over-year, from February 2016’s 525,000.Realtor.com Senior Economist Joseph Kirchner noted that the increase in new home sales could be due to the warm winter which allowed construction to stay on schedule, last year’s strong home construction starts, and a gradual shift from building apartments to individual homes. However, Kirchner says that while construction is up overall, existing home sales are falling.“While this growth is encouraging, it’s important for house hunters to keep in mind that builders have been focusing on the more pricey part of the market; affordable options are still in short supply,” said Kirchner. “That’s a key reason why existing home sales dropped in February while sales of new homes went up–existing home sales include both affordable and premium homes. During that month, sales of existing homes under $100K plummeted 15 percent and sales of homes in the $100K to $250K range fell 2 percent, while sales of more expensive existing homes soared.”While new home construction booms, the existing home inventory dwindles. Existing home sales, constrained by a lack of supply, increased just 1.8 percent over the last year. February saw a 6.4 percent decline in new listings and a 12.9 percent decline in the overall number of homes for sale, marking the third month in a row that inventory has fallen by double-digits and the 17th consecutive month of year-over-year supply declines.Consumers are still looking positively at the home market. According to a National Association of Realtors survey, 62 percent of consumers said they believe the U.S. economy is improving, and 72 percent believe now is a good time to buy a home, so the housing market will still be busy. Sharecenter_img March 23, 2017 604 Views Construction sales 2017-03-23 Seth Welbornlast_img read more

Rep Hank Vaupel Weekly Column April 8 2019

first_img Categories: Vaupel News 08Apr Rep. Hank Vaupel Weekly Column: April 8, 2019 A big congratulations to Micah and Lydia DeMass on their beautiful wedding last Saturday! Micah serves as my legislative aide and works hard to provide timely and beneficial assistance to the people of our district. Lydia is a hard-working and enthusiastic individual who works at a nearby dentist office. They are a tremendous couple who love God, each other, and their community. I know they have a bright future with many happy years ahead. All the best!***This week, I concluded my March is Reading Month tour by visiting Round, Village, and Creekside elementary schools in Hartland. As in years past, it was a pleasure to dedicate some of my time in March to reading to students across the district. They never cease to impress and fill me with hope for the future of our county. A big thank you to all the teachers, principals, and staff who went out of their way to welcome me.***April is National Child Abuse Prevention Month, and on Wednesday, I attended LACASA’s annual Plant a Pinwheel Celebration at the Howell Carnegie District Library. Adults and children from across the county gathered to take a stand against child abuse and plant a pinwheel garden as a visible reminder. Thank you to LACASA’s Child Abuse Prevention Council for hosting this important event and to everyone who participated.***It was a pleasure to be invited by 44th Circuit Court Judge Michael Hatty to the 20th annual Michigan Association of Treatment Court Professionals conference in Lansing. It was a great inside look into our court system and the issues judges face both in and out of the courtroom. It was also an opportunity to discuss how the Legislature can make things better for everyone involved in the legal system. Thank you to Judge Hatty for the invitation and the chance to share thoughts and ideas.***If you have any ideas, comments or questions for my office, please do not hesitate to call us at 517-373-8835 or send an email to HankVaupel@house.mi.gov. We are happy to hear from you!PHOTO INFORMATION: State Rep. Hank Vaupel reads to a group of students at Round Elementary in Hartland as part of his March is Reading Month tour.last_img read more

Do not encroach upon anyone or their property and

first_imgDo not encroach upon anyone or their property, and keep your agreements. Number one is the “Golden Rule,” and number two is the essence of the common law – more or less an extension of #1. And that’s all that we really need. Sure, a professional philosopher can come up with weird exceptions, but that’s not a serious concern. Send the one-in-a-million scenario to a judge and get busy with the other 999,999. Yes, life is complex but that’s no reason to say, “We can’t know right from wrong.” Act with integrity and I guarantee you’ll do the right thing 99.9% of the time. The Lesson The events of 9/11 were obviously very stark, and we certainly don’t want to rely on such things to set our moral compass. But the lesson is clear: It is moral clarity that turns us into heroes and saints. So, if you want to see good conduct, talk about integrity, self-honesty, and the courage to make individual judgments. Require this of your children. Oppose people who try to cloud moral choices. I leave you with a few lines from a song called The Hero, by David Crosby: And the reason that she loved him, was the reason I loved him too. He never wondered what was right or wrong, he just knew, he just knew. Paul Rosenberg FreemansPerspective.com There is nothing inspiring about rules. While they may produce order, they don’t elevate anyone to heroism and greatness. But I know what does, and I discovered it in the rubble of 9/11. The story began, as such stories do, quite innocently. I was scheduled to be in New York for a convention in early 2002, and I sent an email to my old friend Jack. The text was along the lines of “Hey, I’m coming to NYC. Wanna get lunch?” His reply was simple: “Sure, but first I’d like you to come see my new project.” Jack’s new project, as it turns out, was the restoration of the old New York Telephone building, now called the Verizon building. It was notched into the World Trade Center site, inches from the destroyed Building 7. This building was badly damaged on September 11th, but it didn’t come down. And it was extremely important that it did remain in service – nearly every phone line serving Wall Street ran through it. Lessons from a Disaster Zone It was a cool, rainy, hazy day. Fitting, I thought. Most of the debris had been removed by the time I arrived, which gave everyone on the job a clean view of what was missing and how much work lay ahead. Since Jack and I are old electrical guys (my classical training), we began by examining the power systems. And thus began a day of epiphanies. Each new piece of information brought others to mind. Every fact implied a lesson. I thanked God for a good memory; scribbling notes in the rain was not going to work. The first item on the agenda was the 13,000 volt electrical service to the building. It was running over an aluminum scaffold, inside of a plywood box. Now, you may be thinking that 13,000 volts in a plywood box on a metal scaffold doesn’t sound very safe, and you would be right. There’s no way this installation would be acceptable in any normal circumstances. But in this case, there wasn’t much choice. This was a disaster zone and an “approved” installation wouldn’t be possible here for months. (They couldn’t even get the right kinds of wires.) So, the rules went out the window and Jack’s crew had to come up with something that would work and that wouldn’t kill anyone. Otherwise, Wall Street would shut, and half of New York would have no telephones. The rules were simply overridden by reality. I couldn’t help thinking of an old quote, attributed to the Dalai Lama: Learn the rules well, so you will be able to break them properly. But the big story of the day came after our inspection. At lunch, Jack explained that after Building 7 initially fell on 9/11, other partial collapses continued for quite a while. Each time, clouds of dust and debris filled his Verizon building. On one particular day, the FBI vault in the basement of Building 7 caved in under the weight of yet another collapse. “And I swear to you, Paul,” Jack assured me with bulging eyes, “twenty- and fifty-dollar bills came floating through the site!” Free money… it’s hard to imagine a better setup for a moral dilemma. I made some comment about the guys being very happy that day. “No,” Jack said, “they wouldn’t touch them!” I looked at him and waited for some elaboration. Finally he spoke up again. “They said ‘that’s not our money; it belongs to other people.’ And they wouldn’t touch it. They wouldn’t allow anyone to touch it. It just sat there until the FBI guys came through and picked it all up.” When the lure of free money fails, I pay attention. This was clearly no ordinary event. Here were dozens of construction workers who refused to take free money – a lot of free money – when there was no enforcer looking over their shoulders or threatening them. I looked at Jack again. He was stone serious, as serious as I have ever seen him. So I was left facing a serious question: A large group of construction workers were turned into what we used to call stand-up guys… into exemplary stand-up guys. But what was it that turned them into these paragons of ethics? Obviously it had everything to do with 9/11, but exactly how? I began analyzing the event, starting with the participants. I’ve known New York construction workers, and not many of them had any abiding interest in the study of ethics. But now these same men were acting with deep ethical convictions. Obviously it was the change of situation that mattered, not the basic nature of the men; one’s nature does not change in a moment. Then I understood: These men had never lacked basic decency; what they had lacked was a clear choice! This was the first time in their lives when the difference between right and wrong was this clear. Having clearly understood right and wrong, it would have been stupid for these men to take $50 bills belonging to others – their conscious sense of righteousness was worth far more. For the rest of their lives, these men will know that when it counted, they stepped up to the task and performed it with honor. And I would bet large that, on their death beds, this fact will pass prominently through their minds. They will feel honorable, and they will have earned it. What this Means This means that one can act with confidence only when he knows, clearly, what is right and what is wrong. It is moral clarity that makes men and women good. I know that we’ve all been taught to freeze up at questions about good and evil, but it really isn’t hard. Here is the answer in two very simple statements: center_img What is hateful to you, don’t do to anyone else.last_img read more

I include the USs current account above because h

first_img I include the US’s current account above because historically, countries that sell goods to America invest their dollar proceeds in Treasuries. China, for example, sends goods to the US, and the US pays for them with dollars. China then takes those dollars and buys Treasuries. That’s why foreign investment in Treasuries tends to closely follow the US trade deficit. Fracking has allowed the US to produce more energy domestically, helping to improve its trade deficit. But foreigners are free to do what they want with their dollars. And recently, they’ve been doing anything but buying Treasuries—like buying American companies and Midwest farmland. It’s risky to have so many dollars and dollar-denominated assets in foreign hands, outside of US control. Other indicators confirm that foreigners are selling US debt. The Fed holds Treasuries in custody for foreign central banks, and its custody holdings recently plummeted by a disastrous $100 billion in just one week. Announcements of sanctions against Russia seem to have precipitated that fire sale. Russia itself has decreased its holdings of US Treasuries from $165 billion to $126 billion. Why should Putin loan the US money when the US is sanctioning Russia’s use of dollars? Again, since foreigners aren’t buying US government debt, the Fed will have to. That, in turn, increases the quantity of dollars, diluting the value of Treasuries those foreigners already own. Which eventually will induce foreigners to sell even more of their Treasuries, depressing the dollar’s value further. It’s a risky game, and a potential vicious cycle. The Dollar’s Importance Is Declining The dollar has the unique and special privilege of being the world’s reserve currency, which grants the US several crucial advantages: All other currencies are defined by their exchange rate to the dollar. Perhaps most importantly, the dollar’s reserve status is in steep decline too. In 2000, the dollar accounted for 55% of all foreign exchange reserves. In 14 short years, that number has dropped to 33%. By 2020, I project, it will drop to 20%. At that point, other large economies of the world won’t need dollars nearly as much for international trade. So America’s special privileges will continue to wane. You can see that US debt will continue its rapid growth that began in 2008. The question is who will fund this borrowing. Historically, foreigners have been a reliable source of US Treasury purchases. But with the US issuing so much debt, foreigners have become saturated with US dollars and so have slowed their buying considerably. Other buyers of Treasuries have been anemic, too. The banking system holds about $500 billion of Treasuries and hasn’t increased its holdings in five years. With very low interest rates, private investors aren’t buying the bonds either. That leaves the Fed, under its Quantitative Easing (QE) programs, as the only buyer in town. I expect that the Federal Reserve will continue to be the buyer of last resort and will purchase around $50 billion of Treasuries per month over the next decade. Admittedly, even the Federal Reserve doesn’t know precisely what its policies will be. It could buy more or fewer Treasuries. But until there is another buyer, the Fed is stuck picking up the tab. The most important part of this equation is how the Fed buys government debt: it creates new dollars out of thin air and swaps them for Treasuries. That’s called “monetizing the debt,” and it’s inflationary—much more so than when others buy Treasuries with dollars that already exist. Foreigners Have Stopped Accumulating US Securities I watch foreign investment in US securities closely, because small shifts are big enough to affect other US markets. In the last 12 months, foreigners have sold Treasuries at an unprecedented rate. After World War II, the dollar became the world’s preeminent currency. Convertible to gold at $35 an ounce, it was the backbone of international trade. Foreign central banks used it to back their own currencies. Nixon removed the dollar’s convertibility to gold in 1971, rendering its value dependent on prudent management by its issuer. That issuer, of course, is the Federal Reserve—which conjures dollars into existence to support the US government’s spending habit. The Fed has issued a lot of dollars since 1971, and even more since the financial crisis of 2008—thanks to Washington’s exploding debt levels. And it’s only going to get worse, as even the Congressional Budget Office (CBO) admits in its own forecasts. What’s more, CBO debt estimates are notoriously overoptimistic; so while they are daunting, reality will likely be worse. To paint a realistic picture of future US debt levels, I added 20% to the CBO’s forecast, illustrated here: The US can and has financed wars with dollars loaned to it by foreigners. In other words, the dollar’s reserve status greatly enhances US power. This allows the US to run up huge government and trade deficits that would be disastrous for most other countries. Case in point: US government debt is now over 100% of GDP, the level at which Greece became insolvent. The difference is that Greece couldn’t print euros to paper over its government debt, so it was on a much tighter leash. Because oil is priced in dollars, other countries need dollars to buy oil, even from the Middle East. That’s the #1 reason the central banks of the world have accumulated dollars as backing for their currencies: because dollars are useful for international trade. Plus, the US Treasury market is the largest and most liquid market on earth, so for foreigners, parking money in Treasuries is a logical choice, at least in the short term. All of those factors helped America dominate the global economy. But other countries are catching up—like China, which is now the clear-cut #2 world economy. The US’s relative economic power has declined sharply in the past 30 years. China is actively laying the groundwork for its yuan to become the basis for international trade. It already has developed dozens of bilateral agreements to trade with partners without using dollars. China is also acquiring over 1,000 tonnes of gold per year to support the yuan’s growing presence on the global stage. 23 central banks admit to holding yuan, and another dozen hint they hold the currency  without officially declaring it. Geopolitics Hurts the Dollar The US has applied severe sanctions on Iran, forcing Iran’s customers to get creative in figuring out how to pay for oil without US dollars. They tried a number of novel solutions, including using gold via Turkey. But the US squeezed that channel as well. Now the US is sanctioning Russia—a much more powerful country than Iran—and looks to be shooting itself in the foot. Putin has announced specific plans to move away from the dollar in Russia’s international sales of energy. Gazprom, the Russian energy giant, still prices its natural gas in dollars to sell to Europe. But with US sanctions making it difficult for Russia to do business in dollars, Gazprom has announced it will issue bonds denominated in Chinese yuan. Those two countries continue to grow closer economically, as Russia has the energy that China needs. Further, Putin, along with the presidents of Gazprom and Rosneft, is actively working to conduct transactions in rubles, yuan, and even Indian rupees. Russia announced a $20 billion deal with Iran to trade oil for goods—including nuclear technology—without using dollars. The other BRIC countries, Brazil and India, are beginning to wean themselves off the dollar too. The BRICs have set up a development bank and are looking to create their own interbank currency transaction system to replace the Western-controlled Swift program that has been used for decades. All of these countries are after one thing: to decrease their dependence on the dollar. Using the dollar less in world transactions, of course, decreases the demand for dollars, which decreases its value. That would force America to seriously curtail its trade and government deficits, or else allow the value of the dollar to plummet faster than we’ve ever seen. Japan, China, the Eurozone, and most other countries are all on the same path of creating money for short-term economic gain, so the dollar’s relative exchange rate vs. other currencies hasn’t changed much. The prices of important commodities like energy, agriculture, and precious metals have risen along with stock markets. While some of these are not adequately included in government measures of price inflation, we’ve seen some price inflation already. More is coming. The bottom line is that the US is hurting its currency by using it as a political weapon. Shunning Russia only accelerates the trend of countries working to circumvent the dollar. Long-Term Financial Implications A weakening dollar is great for gold. A weakening dollar means higher prices for all things, especially imported goods like oil.center_img Most global trade transactions are denominated in dollars, including the most important commodity of all, oil. The US can borrow in its own currency and so can always pay off foreign debts by printing more dollars. Higher prices will push up interest rates. Escalating international conflicts will lead to larger military budgets, increasing future deficits and weakening not just the dollar, but all currencies. In essence, the new geopolitical strife is just another chapter in the same story that’s been unfolding for decades: the dollar’s hegemony is in decline. As you may have seen in our documentary video Meltdown America, the snowball effect of economic crises (once they start downhill, they go faster and faster) is what makes them so treacherous. By the time the full impact is felt, most ordinary people won’t even know what hit them. The prepared are spared, as they say. Diversification, across different asset classes and even different political jurisdictions, is essential to escape America’s coming meltdown unscathed, financially as well as physically. Right now, you can get our special diversification package—The Casey Report and Going Global 2014, for one low price. The Casey Report, where you can read my and my co-editors’ analysis of current economic trends and threats, focuses on crisis-proof investments as well as shorter-term profit opportunities. Going Global 2014 is a book-length report on the best time-tested strategies of protecting your money by storing some of it abroad. It offers expert advice (my colleague Terry Coxon, among others, was instrumental in writing it) for all budget and portfolio sizes—from very simple first steps to internationalize, to more complex wealth preservation plans for high net worth individuals. Plus you’ll find many ideas on how to ship yourself abroad as well, if you’re so inclined. Try a risk-free subscription to The Casey Report today and you get Going Global 2014 (which we usually sell for $99) free of charge. With our 100% satisfaction guarantee, you have three months to see if our newsletter is right for you; if not, simply cancel within that time for a full refund. Whatever you decide, you get to keep Going Global 2014 and all the newsletter issues you received thus far. Click here to get started. I don’t think we could make it any easier for you to protect yourself. The US dollar is on the brink—don’t waste another minute to get started. As Russia expands its energy sales to China, the residual supply available for Europe will be smaller, driving European energy prices higher.last_img read more

In this scenario the US is clearly headed for a r

first_img In this scenario, the US is clearly headed for a recession, because the US owes nearly all the jobs that have been created in the last few years to the shale boom. All those related jobs in equipment, manufacturing, and transportation are also at stake. It’s no accident that all new jobs created since June 2009 have been in the five shale states, with Texas home to 40% of them. Even if oil were to recover to $70, $1 trillion of global oil-sector capital expenditure—in fields representing up to 7.5 million bbl/d of production—would be at risk, according to Goldman Sachs. And that doesn’t even include the US shale sector! Unless the price of oil miraculously recovers, tens of billions of dollars worth of oil- and gas-related capital expenditure in the US is going to dry up next year. While US oil and gas capex only represents about 1% of GDP, it still amounts to 10% of total US capex. If you only paid attention to the mainstream media, you’d be forgiven for thinking that the US is going to get away from the collapse in oil prices scot free. According to popular belief, America is even going to be a net winner from cheaper oil prices, because they will act like a tax cut for US consumers. Or so we are told. In reality, though, many of the jobs the US energy boom has created in the last few years are now at risk, and their loss could drag the economy into a recession. The view that cheaper oil automatically boosts US GDP is overly simplistic. It assumes that US consumers will spend the money they save at the pump on US-made goods rather than imports. And it assumes consumers won’t save some of this windfall rather than spending it. Those are shaky enough. But the story that cheap fuel for our cars is good for us is also based on an even more dangerous assumption: that the price of oil won’t fall far enough to wipe out the US shale sector, or at least seriously impact the volume of US oil production. The nightmare for the US oil industry is that the only way that the market mechanism can eliminate the global oil glut—without a formal agreement between OPEC, Russia, and other producers to cut production—is if the price of oil falls below the “cash cost” of production, i.e., it reaches the price at which oil companies lose money on every single barrel they produce. If oil doesn’t sink below the cash cost of production, then we’ll have more of what we’re seeing now. US shale producers, like oil companies the world over, are only going to continue to add to the global oil glut—now running at 2-4 million barrels per day—by keeping their existing wells going full tilt. True, oil would have to fall even further if it’s going to rebalance the oil market by bankrupting the world’s most marginal producers. But that’s what’s bound to happen if the oversupply continues. And because North American shale producers have relatively high cash costs (in the $30 range), the Saudis could very well succeed in making a big portion of US and Canadian oil production disappear, if they are determined to.center_img We’re not lost quite yet. Producers can hang on for a while, since there has been a lot of forward hedging at higher prices. But eventually hedges run out—and if the price of oil stays down sufficiently long, then the US is facing a massive amount of capital destruction in the energy industry. There will be spillover into the financial arena, as well. Energy junk bonds may only account for 15% of the US junk bond market, or $200 billion, but the banks are also exposed to $300 billion in leveraged loans to the energy sector. Some of these lenders are local and regional banks, like Oklahoma-based BOK Financial, which has to be nervously eyeing the 19% of its portfolio that’s made up of energy loans. If oil prices stay at $55 a barrel, a third of companies rated B or CCC may be unable to meet their obligations, according to Deutsche Bank. But that looks like a conservative estimate, considering that many North American shale oil fields don’t make money below $55. And fully 50% are uneconomic at $50. So if oil falls to $40 a barrel, a cascading 2008-style financial collapse, at least in the junk bond market, is in the cards. No wonder the too-big-to-fail banks slipped a measure into the recently passed budget bill that put the US taxpayer back on the hook to insure any ill-advised derivatives trades! We know what happened the last time a bubble in financial assets popped in the US. There was a banking crisis, a serious recession, and a big spike in unemployment. It’s hard to see why it should be different this time. It’s a crying shame. The US has come so close to becoming energy independent. But it’s going to have to get its head around the idea that it could become a big oil importer again. In the end, the US energy boom may add up to nothing more than an illusion dependent upon the artificially cheap debt environment created by the Federal Reserve’s easy money policy. However, there are a handful of domestic producers with high operating margins that are positioned to profit right through this slump in oil prices. To find out their names, sign up for Marin Katusa’s just-launched advisory, The Colder War Letter. You’ll also receive monthly updates on the latest geopolitical moves in this struggle to control the world’s oil pricing and the energy sector at large and what it means for your personal wealth. Plus, you’ll get a free hardback copy of Marin’s New York Times bestselling book, The Colder War, just for signing up today. Click here for all the details. The article Make No Mistake, the Oil Slump Is Going to Hurt the US Too was originally published at caseyresearch.com.last_img read more

So youve found a tick and its sucking your bloo

first_imgSo you’ve found a tick, and it’s sucking your blood.After an initial wave of revulsion, you carefully remove it with a pair of tweezers. Now you’re probably wondering: What’s the chance I have Lyme disease? Nick Berndt found himself in that exact situation earlier this summer. Berndt, 26, of Lancaster, Pa., felt a tick attached to his scalp three days after disc golfing in a forest near his home.”Obviously, Lyme disease was my main concern with it,” Berndt says. “It’s not something I wanted to mess around with.”Berndt spent his childhood in southeast Pennsylvania but moved to California to study business administration at San Diego State. After graduation, he stayed in Southern California to manage a photography business, but he missed being close to his family and moved back to Lancaster in June.Berndt had experience with ticks growing up in Pennsylvania, and he knew Lyme was a local threat. But he was unsure whether this particular tick posed a significant risk.Berndt’s situation isn’t unique, says Thomas Mather, a professor of public health entomology at University of Rhode Island and the director of Tick Encounter, a free service that connects tick-bite victims with tick experts. Mather estimates that ticks bite millions of Americans each year, but only 30,000 cases of Lyme disease are reported to the Centers for Disease Control and Prevention annually. How do you know if your particular bite represents a high-risk case?As it turns out, the chance of catching Lyme disease from an individual tick ranges from zero to roughly 50 percent, according to Mather. The exact probability depends on three factors: the tick species, where it came from and how long the tick was feeding.First, Mather says it’s important to identify the species of tick.Only two species of tick transmit Lyme disease, both from the genus Ixodes. The blacklegged tick (Ixodes scapularis), often referred to as the deer tick, is found throughout the U.S. east of the Rocky Mountains. The Western blacklegged tick (Ixodes pacificus) is found west of the Rockies. Adults of both species have reddish-black bodies and are about the size of a sesame seed — smaller than most other ticks. As juveniles, they’re even tinier — roughly the size of a poppy seed.If you’ve been bitten by something other than a blacklegged tick, you can stop worrying about Lyme. But Mather cautions that you may be at risk for other, less common infections, like Rocky Mountain spotted fever. Even if a blacklegged tick bit you, there’s still a good chance you’re OK. That’s because only a fraction of blacklegged ticks carry the bacteria that cause Lyme disease.Where you live determines how many blacklegged ticks are carrying Lyme. A recent study found that in the Northeast and Upper Midwest, up to 50 percent of blacklegged ticks are infected. But in the South and West, infection rates are usually less than 10 percent.If you’ve been bitten by a blacklegged tick carrying Lyme you still might not get sick, says Rick Ostfeld, a disease ecologist at the Cary Institute of Ecosystem Studies in New York.”The probability that it [Lyme disease] is transmitted to you … depends on the length of feeding,” Ostfeld says. “It looks like something on the order of 24 hours is required before transmission occurs.”Within a day of discovering the tick, Berndt submitted photographs and information about his case to Tick Encounter. Within 24 hours, a specialist informed Berndt that his case posed a high risk of Lyme disease.Why was Berndt’s tick so risky? First, it was a blacklegged tick, a known carrier of Lyme disease bacteria. Second, the tick was in southeast Pennsylvania, where relatively large proportions of ticks are infected (Mather estimates that the Lancaster area has a 20-25 percent infection rate). Finally, the tick had been feeding for three days, much longer than the transmission threshold of 24 hours.As a precaution, Berndt went to a doctor and started an antibiotic regimen. He also paid a lab to have the tick tested. Fortunately, the test came back negative for Lyme disease.”I think the $50 [for the test] was worth it, just to be able to say ‘No, it definitely wasn’t carrying it,’ ” Berndt says.Even though Berndt’s tick tested negative, Mather says it’s still a good idea for people like Berndt to be on the lookout for Lyme symptoms. That’s because they could have gotten other tick bites that went unnoticed.But Mather stresses that not everyone who finds a tick on their body needs to worry. Many cases have a low probability of causing disease. “There was one woman, she was nursing a 12-week-old baby and said, ‘I just scraped this off my back and I’m scared,’ ” Mather says. “In her case, it was a barely attached American dog tick. We could tell her, ‘You’re probably fine.’ ” Copyright 2018 NPR. To see more, visit http://www.npr.org/.last_img read more

The chancellors spring statement shows that disab

first_imgThe chancellor’s spring statement shows that disabled people will continue to bear the brunt of austerity, according to leading user-led organisations.They spoke out after Philip Hammond (pictured) resisted calls to increase funding for adult social care and other public services in this week’s statement.Instead, he suggested that he might increase public spending in the autumn budget and insisted that “spending on the disabled” was continuing to increase every year.But there was anger and frustration among user-led organisations at Hammond’s refusal to address the funding crisis, particularly in social care.Professor Peter Beresford, co-chair of Shaping Our Lives, said Hammond’s statement “had little to do with the economic well-being of the nation and even less with the rights and needs of disabled people”.Instead, he said, it was “primarily shaped by the government’s and the chancellor’s own uncertain situation and their fears for the forthcoming local elections”.Beresford said: “As I hear daily reports of disabled people’s increasingly precarious financial and personal situations, with a vicious and dishonest benefits system continuing unconstrained, despite the massive and growing evidence of its cruelty, we have to wonder how long this can go on, before the scars to disabled people and the nation reach a point of being unrecoverable.“I can only agree with shadow chancellor John McDonnell who has accused Mr Hammond of ‘ignoring’ the public services despite ‘a crisis on a scale we have never seen before’.”Sue Bott, deputy chief executive of Disability Rights UK, said: “Despite the positive outlook portrayed by the chancellor we remain concerned that disabled people are being left behind.  “His emphasis on ‘talent and hard work’* is blunted by the reality of disabled people’s experience of finding and keeping jobs. “Once again, the opportunity to pick up the challenges in health and social care services, which are seriously impacting on the lives of disabled people, remains ignored.“In the meantime, forthcoming changes to the benefits system will hit disabled people hardest – we need a system which doesn’t drive more disabled people into poverty.”Brian Hilton, digital campaigns officer for Greater Manchester Coalition of Disabled People, said the spring statement sent “a clear message to everyone” that austerity “remains the government’s mantra and that disabled people will continue to bear the brunt of ongoing cuts and rationing of services”.He said: “It used to be that chancellors would give with one hand and take with the other. “Well it’s clear what’s being taken away: it’s our social care funding, it’s our wheelchair services, our British Sign Language interpretation services, our access to healthcare, our Motability vehicles, our benefits, our housing, our education grants and our employment support.“So what are they giving us? Well, there is the rise in disability hate crimes, increased numbers of disabled people attempting suicide, a million benefit sanctions imposed upon disabled people, and the dubious honour of being the first country to be investigated by the UN committee on the rights of persons with disabilities, which found ‘grave and systematic violations’ of disabled people’s rights.”Simone Aspis, policy and campaigns coordinator for The Alliance for Inclusive Education (ALLFIE), said the chancellor had done nothing to ease the crisis in inclusive education, with increasing evidence of cuts to the support disabled students need to access mainstream education.She said one of the reasons for increasing numbers of disabled children being excluded from mainstream schools had to be the lack of support they receive.She said: “We are very disappointed that the government are not addressing the issue.”Aspis pointed to reports last month that Bradford Metropolitan Borough Council was planning to cut a quarter of its staff who support disabled pupils in mainstream schools, while there have also been threats to educational support funding in the London borough of Hackney.She said the government’s failure to support disabled pupils in mainstream education – and its determination instead to “pump money into the special school system” – meant it was breaching its duties under the Equality Act, the Children and Families Act and the UN Convention on the Rights of Persons with Disabilities.McDonnell accused Hammond of “congratulating himself on marginally improved economic forecasts, while he refuses to lift a finger as councils go bust, the NHS and social care are in crisis, school budgets are cut, homelessness has doubled and wages are falling”.He told Hammond that, “as always, the harshest cuts fall on disabled people”.That appeared to be confirmed the day after Hammond’s spring statement, when a report from the Equality and Human Rights Commission concluded that families with disabled adults and disabled children were facing “the largest financial loss in cash terms compared to any other household type” as a result of all the tax, national insurance, social security and minimum wage reforms that have been introduced by Conservative-led governments between May 2010 and January 2018.The EHRC report found that disabled lone parents with particularly high support needs would lose over £11,000 a year on average, slightly more than 30 per cent of their net income, by 2021-22.*Hammond said his government was building an economy “where prosperity and opportunity are in reach of all, wherever they live and whatever their gender, colour, creed or background” and “where talent and hard work alone determine success”last_img read more

Tesla Staff Were Reportedly Told Not to Walk Past Elon Musks Desk

first_img 2019 Entrepreneur 360 List Tesla Staff Were Reportedly Told Not to Walk Past Elon Musk’s Desk Because of His Wild Firing Rampages Isobel Asher Hamilton Add to Queue Next Article December 13, 2018 This story originally appeared on Business Insider Wired’s deep dive on Tesla reports that the Tesla CEO had a habit of going on firing sprees. –shares Apply Now » Elon Musk Elon Musk was so prone to firing sprees that Tesla employees were told not to walk past his desk in case it jeopardized their career, according to an explosive in-depth Wired article.Over six months, journalist Charles Duhigg spoke to numerous Tesla engineers, executives, and other employees about what it’s like to work at Tesla.One Gigafactory manager told Wired that he stopped employees from walking too close to Musk’s desk for fear that a word out of place might end up in them getting fired. The manager called the outbursts “Elon’s rage firings.”A former high-ranking executive said Musk would occasionally say “I’ve got to fire someone today,” and when the executive said he didn’t, Musk would reply, “No, no, I just do. I’ve got to fire somebody.””Everyone came to work each day wondering if that was going to be their last day,” a third source added.When contacted by Wired, a Tesla spokesperson disputed this, but said that Musk makes “difficult but necessary decisions.”In one instance, Wired reports that Musk once fired a young engineer whose name he didn’t know for reasons he didn’t explain.Read more: Tesla is suing former employee Martin Tripp for more than $167 millionA source who heard the conversation told Wired that one evening at 10 p.m., Musk called the engineer over and pointed at a machine saying, “Hey, buddy, this doesn’t work,” and asked if the engineer was responsible.Confused, the engineer asked for Musk to explain what he meant. “Did you fucking do this?” Musk asked again, and when the engineer said he wasn’t sure what Musk was referring to, Musk called him a “fucking idiot” and told him: “Get the fuck out and don’t come back!””The idiot bit”As well as firings, many described frequent outbursts where Musk would shout at people and call them “idiots.” A senior engineering executive said employees even had a name for his behavior, calling it “the idiot bit.””If you said something wrong or made one mistake or rubbed him the wrong way, he would decide you’re an idiot and there was nothing that could change his mind,” they said.In a statement to Wired, a Tesla spokesperson said: “Elon cares very deeply about the people who work at his companies. That is why, although it is painful, he sometimes takes the difficult step of firing people who are underperforming and putting the success of the entire company [at risk].”Business Insider contacted Tesla for comment. The only list that measures privately-held company performance across multiple dimensions—not just revenue. 3 min read Image credit: Joshua Lott | Getty Imageslast_img read more

Kraft Recalls 36000 Cases of Cheese Over Possible Choking Hazard

first_img Kraft Recalls 36,000 Cases of Cheese Over Possible Choking Hazard Writer at Fortune.com This story originally appeared on Fortune Magazine Image credit: Michael Nagle | Bloomberg/Getty Images –shares Add to Queue 2 min readcenter_img Michal Addady August 3, 2015 Next Article Recalls There’s nothing better than a simple grilled cheese sandwich made with Kraft American singles. But it’s probably not worth choking over.Kraft has received 10 complaints stating that a thin strip of plastic remained adhered to the cheese after removing the wrapper. Three of these cases resulted in choking. In response, Kraft has decided to voluntarily recall 36,000 cases of its 3-lb and 4-lb packages of Kraft American and White American individually-wrapped singles.The FDA released a list of the affected products, which have been distributed in the U.S., Puerto Rico, and Grand Cayman. Those that are affected by the recall have a “best when used by” date between December 29, 2015 and January 4, 2016. The manufacturing code that follows is either “S54″ or “S55.”If you bought a package of Kraft singles that is included in the recall, you can bring it back to the store from which you purchased it and receive a refund or exchange. Consumers who live in the U.S. or Puerto Rico also have the option to contact Kraft Heinz Consumer Relations for a full refund.Kraft has released a statement saying, “We deeply regret this situation and apologize to any consumers we have disappointed.”last_img read more

SpaceX Rocket Launches Satellite Then Lands on Ship at Sea

first_img Next Article SpaceX Free Webinar | July 31: Secrets to Running a Successful Family Business Reuters 2 min read Image credit: SpaceX An unmanned SpaceX Falcon 9 rocket blasted off from Florida on Friday to put a communications satellite into orbit, then made a swift return landing on an ocean platform, a live webcast showed.It was the second successful landing at sea for entrepreneur Elon Musk’s Space Exploration Technologies, or SpaceX, which intends to offer cut-rate launch services by re-using its rockets.”Woohoo!!” Musk wrote on social media website Twitter after the landing. “May need to increase size of rocket storage hangar.”SpaceX successfully landed a rocket on a floating landing pad in April after four failed attempts. Another Falcon rocket had touched down on a ground-based landing pad at Cape Canaveral in December.Before Friday’s launch SpaceX had downplayed expectations for the rocket’s successful return.The rocket flying on Friday was traveling twice as fast as the one that landed last month so it could deliver a hefty television broadcast satellite into an orbit more than 20,000 miles beyond that of the International Space Station, which is about 250 miles above Earth.The 23-story tall rocket lifted off from a seaside launch pad at Cape Canaveral Air Force Station at 1:21 a.m. EDT.Perched atop the booster was the JCSAT-14 satellite, owned by the Tokyo-based telecommunications company, SKY Perfect JSAT Corp, a new customer for SpaceX.About two and a half minutes after launch the rocket’s first stage shut down, separated, flipped around and headed toward a so-called drone ship stationed more than 400 miles off Florida’s east coast in the Atlantic Ocean.The rocket’s second stage continued flying to deliver the 10,300-pound JCSAT-14 satellite into orbit.The satellite, built by Space Systems Loral in Palo Alto, Calif., a subsidiary of MacDonald Dettwiler and Associates is designed to provide television, data and mobile communications services to customers across Asia, Russia and Oceania and the Pacific Islands.Friday’s launch was the fourth of more than a dozen flights planned this year by SpaceX, which has a backlog of more than $10 billion worth of launch orders from customers including NASA.Last week SpaceX won its first contract to launch a U.S. military satellite, breaking a 10-year-old monopoly held by United Launch Alliance, a partnership of Lockheed Martin Corp. and Boeing Co.(By Irene Klotz; Editing by Clarence Fernandez, Greg Mahlich) Register Now » May 6, 2016 –shares This story originally appeared on Reuters Falcon 9 launch vehicle carrying the JCSAT-14 satellite. Add to Queue Learn how to successfully navigate family business dynamics and build businesses that excel. SpaceX Rocket Launches Satellite, Then Lands on Ship at Sealast_img read more

The Upper Middle Class Has Gotten Richer Start Up Your Day Roundup

first_img 33shares Looking for the latest headlines in small business, innovation and tech? Our Start Up Your Day recaps are posted every morning to keep you current.Diagnosed. Feeling under the weather? Google will soon provide improved symptom search results.Show me the money. New research shows that the upper middle class expanded from 12.9 perent of the population in 1979 to 29.4 percent in 2014.Friendly skies. United has plans to increase its operating income by $3.1 billion per year with no-frills fares and fewer delays.Game on. China’s largest gaming group, Tencent, has purchased a majority stake in Finnish game developer Supercell for $8.6 billion. Picture perfect. Twitter reportedly bought a company that uses neural network technology to improve images for $150 million. In their shoes. More companies are adopting empathy training.Ooh la la. A new AI can predict when people are about to hug, kiss, high-five or shake hands.Yo te quiero. Taco Bell is fulfilling its promise to give away free Doritos Locos tacos today after an away team, the Golden State Warriors, won Game 4 against the Cavaliers in Cleveland. Start Up Your Day Free Webinar | July 31: Secrets to Running a Successful Family Business Learn how to successfully navigate family business dynamics and build businesses that excel. Opinions expressed by Entrepreneur contributors are their own. Image credit: Shutterstock Staff writer. Frequently covers franchise news and food trends. Lindsay Friedman Next Article June 21, 2016 Add to Queue 1 min read The Upper Middle Class Has Gotten Richer — Start Up Your Day Roundup Register Now »last_img read more

Infosys Selected by Posti as Key Digital Transformation Technology Partner

first_imgInfosys, a global leader in next-generation digital services and consulting, has been selected by Finnish postal service Posti as a strategic partner for the digital transformation of its business and IT services. Through this engagement, Infosys will drive the modernisation of Posti’s IT applications and infrastructure, helping it move to a flexible IT service model. This will also strengthen Posti’s ability to respond to changes in customer needs with agility and provide a seamless customer user experience through a dedicated command centre.Marketing Technology News: Nami ML Emerges from Stealth to Unveil the Future of Mobile App SubscriptionsThrough the partnership, Infosys will optimise and modernise Posti’s current IT estate, which entails rationalising its applications and hosting the workloads on a public cloud foundation. This will help Posti reduce costs, enhance efficiencies, and lay the foundation for the organisation’s larger technology-led business transformation along with an end-to-end security operations network. At the same time, Infosys will help Posti drive technology-led initiatives using the latest digital technologies, including data utilisation, artificial intelligence and robotics.Karmesh Vaswani, Executive Vice President, Global Head, Retail, CPG & Logistics at Infosys, said, “With our diversified experience in the postal and logistics industry, we look forward to partnering with Posti in the journey to help realise its strategic goals of digital transformation and operational excellence. Our digital capabilities and solutions will help Posti enrich customer experiences while strengthening its competitive differentiation.”Petteri Naulapää, SVP, ICT and Digitalisation at Posti, said, “In a changing business landscape, our partnership with Infosys will help us adapt with agility. The collaboration will enable us focus more on our core operations and, as customer needs become more and more digital, on improving our services.”Marketing Technology News: Intertrust and Vewd Partner to Introduce Next Generation Content Protection for HbbTV Digital TransformationInfosysNewsPosti Previous ArticleIBM Celebrates Women Business Pioneers In Artificial IntelligenceNext ArticleOptiv Security and SailPoint Launch First-to-Market Identity Governance-as-a-Service Powered by IdentityNow Infosys Selected by Posti as Key Digital Transformation Technology Partner PRNewswireJune 12, 2019, 5:56 pmJune 12, 2019 last_img read more

Facebook Shoots Down Innovation Chaos with a New CryptoCurrency Platform Calibra

first_imgFacebook’s vision for social media networking is hinged on the future of Internet and Blockchain now! Facebook has been swinging two ends of the ‘chaos’ spectrum ever since it’s roles in overlooking data privacy compliance and Cambridge Analytica scandal were exposed last year. In less than a year, Facebook has managed to map a more-focused and heavily fortified digital messaging and social media platform for users. It will be topped with a digital currency offering powered by blockchain technology. Yesterday, Facebook officially announced the launch of Calibra, a newly organized Facebook subsidiary for FinTech solutions delivered through social media channels. As their first Facebook Cryptocurrency product, the company is slated to release a digital wallet for Libra.Sneak Preview: Facebook CalibraFacebook’s Project Calibra is a cutting-edge blockchain and cryptocurrency project designed specifically for its social media channels, Facebook Messenger and Instagram. Users can send digital currency called ‘Libra’ on Messenger and Instagram, in addition to tying in with mobile-based apps and merchants such as Uber, Soptify, MasterCard and so on.Right from Day 1 of its installation on your smartphone, Facebook Calibra would allow users to send Libra digital currency to any other user using a smartphone. This Facebook digital wallet will guarantee little or no cost of transaction. In their official statement, Facebook announced that they are hoping “to offer additional services for people and businesses, like paying bills with the push of a button, buying a cup of coffee with the scan of a code or riding your local public transit without needing to carry cash or a metro pass.”Calibra’s Safety and Security PromisesWhile we haven’t covered Blockchain and Crypto extensively at MarTech Series, our other publication, AiThority dives deep into this space. Our in-house analysts suggest that Facebook could be partnering with any of the reliable Cryptocurrency Exchanges. Alternatively, it could be building their own cryptocurrency exchange to compete with digital assets like bitcoin and ether. Examples include Binance, Bitfinex, Kucoin and Bittrex.Too soon to speculate if there would be any crypto trader  or ‘ghosts’ as they are often labelled in this transactions. These ghosts often pose grave danger to trading by offering cryptocurrency-related schemes on a hacked exchange or outright fake platforms. These are malicious in danger and hence, banned by law of the land in some countries.Before Facebook brought out their Blockchain-powered digital wallet solution, we are certain they did their homework on the regulations. Currently, the legal and policy landscape surrounding cryptocurrencies around the world is ambiguous and complex with regards to blockchain applications in Finance and Cybersecurity. The regulation of blockchain and cryptocurrency around the world would eventually boost the growth of Calibra in the coming months.An anonymous Blockchain expert from the industry believes that blockchain can be used to improve overall ad experiences with better targeting and personalization on Facebook’s advertising platforms. In the blog, Facebook clarified this view.It wrote:“Calibra will not share account information or financial data with Facebook or any third party without customer consent. This means Calibra customers’ account information and financial data will not be used to improve ad targeting on the Facebook family of products. The limited cases where this data may be shared reflect our need to keep people safe, comply with the law and provide basic functionality to the people who use Calibra. Calibra will use Facebook data to comply with the law, secure customers’ accounts, mitigate risk and prevent criminal activity.”Though still too early to state and speculate how Facebook plans to market this digital wallet, and what measures it will take to safeguard customer and financial data of the users, we feel cybersecurity and social media have a good chance of making the digital market a better place to do business. Facebook Shoots Down ‘Innovation’ Chaos with a New CryptoCurrency Platform ‘Calibra’ Sudipto GhoshJune 19, 2019, 3:30 pmJune 19, 2019 calibraCryptocurrency NewsFacebook BlockchainFacebook CryptocurrencyLibraNews Previous ArticleSingapore’s Conversant Leverages Verimatrix Secure Cloud for Multi-DRM SecurityNext ArticlePX Launches Private Marketplaces to Support Direct Advertiser to Publisher Engagementlast_img read more

Three landmark studies provide better understanding of sudden cardiac arrest

first_img Source:https://www.cedars-sinai.org/newsroom/key-takeaways-from-three-landmark-heart-studies/ Reviewed by James Ives, M.Psych. (Editor)Nov 13 2018Today, at the American Heart Association Scientific Sessions, the research group led by Sumeet Chugh, MD, professor of Medicine and associate director of the Smidt Heart Institute, presented three critical research studies aimed at better understanding sudden cardiac arrest.”These research studies provide clues into some of the toughest questions in cardiac care,” said Chugh, the Pauline and Harold Price Chair in Cardiac Electrophysiology Research. “These findings help us move closer to understanding who is at highest risk of sudden cardiac arrest.”The three studies presented today all establish connections between sudden cardiac arrest and specific health conditions:An Association Between Multiple Sclerosis and Sudden Cardiac Death–Investigators found patients with multiple sclerosis have a five-fold higher incidence of sudden cardiac arrest over the general U.S. population. This observational study evaluated clinical characteristics of individuals who suffered cardiac arrest in the community. While the reasons for this finding need to be investigated, the brain has established links with heart function and could be influencing electrical function of the heart.Enhancement of Sudden Death Risk Prediction in Patients With Left Ventricular Hypertrophy–Patients with left ventricular hypertrophy (LVH) also have a higher risk of sudden cardiac arrest, but until now, researchers have been unable to identify which patients are at highest risk. Using a novel electrocardiography risk score, Chugh and his research team can better identify patients with intermediate or high-risk LVH. They plan to test their findings in a larger group of patients.Related StoriesTeam approach to care increases likelihood of surviving refractory cardiogenic shockSmoking triples the risk of death from cardiovascular diseaseWeightlifting is better for the heart than cardioDoes Left Ventricular Hypertrophy Explain the Increased Sudden Death Risk in Obesity? –Obesity is a known risk factor of sudden cardiac arrest, as is LVH. This research study aimed to find if a correlation exists between obesity and LVH, or if they are independent of one another. Chugh’s research suggests that both are independent predictors of sudden cardiac arrest and each have their own deadly properties. Next steps are to understand if being both obese and having LVH doubles the risk of sudden cardiac arrest.All of the above data comes from the Oregon Sudden Unexpected Death Study, a comprehensive, 16-hospital, multiyear assessment of cardiac deaths in the 1 million population of the Portland, Oregon, metropolitan area. Led by Chugh, the project–now ongoing for more than 15 years–provides researchers with unique, community-based information to help determine the causes of sudden cardiac arrest.Although “sudden cardiac arrest” and “heart attack” often are used interchangeably, the terms are not synonymous. Unlike heart attacks (myocardial infarctions), which are typically caused by clogged coronary arteries reducing blood flow to the heart muscle, sudden cardiac arrest is the result of defective electrical activity of the heart. Patients may have little or no warning, and the disorder usually causes instantaneous death. Sudden cardiac arrest accounts for approximately 300,000 deaths each year in the U.S.last_img read more

Adult survivors of pediatric brain tumors may experience cognitive socioeconomic burdens

first_img Source:WileyJournal reference:Ris, D. et al. (2019) Neuropsychological and socioeconomic outcomes in adult survivors of pediatric low‐grade glioma. Cancer. doi.org/10.1002/cncr.32186. Reviewed by James Ives, M.Psych. (Editor)Jun 24 2019Survivors of childhood brain tumors who received radiotherapy and were very young at the time of diagnosis may experience cognitive and socioeconomic burdens decades after treatment, according to a study published early online in CANCER, a peer-reviewed journal of the American Cancer Society. Interventions such as cognitive therapies and educational and occupational services may be needed to mitigate such long-term effects.Therapies for children diagnosed with brain tumors have prolonged the lives of many patients, but survivors may experience a variety of effects from their disease and its treatment. To assess such burdens, M. Douglas Ris, PhD, of Baylor College of Medicine and Texas Children’s Hospital, and his colleagues at St. Jude Children’s Research Hospital, compared 181 survivors of pediatric low-grade glioma with 105 siblings of cancer survivors who were participating in the Childhood Cancer Survivor Study. The survivors and siblings all completed a comprehensive battery of standardized cognitive tests and socioeconomic assessments performed at 16 major medical centers in the United States and Canada.Related StoriesWearing a hearing aid may mitigate dementia riskAn active brain and body associated with reduced risk of dementiaRush University Medical Center offers new FDA-approved treatment for brain aneurysmsSurvivors were a median age of 8 years at the time of diagnosis and they were a median age of 40 years at the time of assessment. Overall, survivors treated with surgery plus radiotherapy at the site of the tumor had lower estimated IQ scores than survivors treated with surgery only, who had lower scores than siblings. Survivors diagnosed at younger ages had low scores on most of the cognitive measures. Survivors—especially those treated with surgery plus radiotherapy—were less educated, earned lower incomes, and had lower prestige occupations than siblings. Late effects in adulthood are evident even for children with the least malignant types of brain tumors who were treated with the least toxic therapies available at the time. Also, these neurocognitive and socioeconomic risks are evident many decades after treatment. As pediatric brain tumors become more survivable with continued advances in treatments, we need to improve surveillance of these populations so that survivors continue to receive the best interventions during their transition to adulthood and well beyond.”Dr. Douglas Ris, Baylor College of Medicinelast_img read more