For a change overnight activity in the Far East i

first_imgFor a change, overnight activity in the Far East in both gold and silver showed some real signs of life.It was a very slow day in the gold world on Wednesday…and most of gold’s price movements, such as they were, were most likely currency related.  Gold closed at $1,693.40 spot…down $2.80 from Tuesday.  Volume, most of it of the high-frequency trading variety, was decent at around 113,000 contracts.Silver’s price pattern was similar…and the price briefly dipped below $32.00 spot before recovering as the dollar index headed south.  Silver closed at $32.70 spot…down 9 cents on the day.  Net volume was average…whatever that means these days…at around 33,000 contracts.All the ‘action’ yesterday was in the dollar index.  It opened at 81.34 at 6:00 p.m. in New York on Tuesday night…and by 9:30 a.m. in London the next day, it had hit its zenith at around 81.65.  From there it went into a decline that bottomed out at 81.14 shortly after 11:00 a.m. in New York.  It recovered a hair from that low…closing at 81.20…down a whole 14 basis points when all was said and done.Both the gold and silver charts show this currency move pretty clearly.The gold stocks started in the red, but finally got into positive territory…and then mostly stayed there for the rest of the trading day.  The HUI closed up 0.45%.The silver equities were mixed yesterday…and gave back a bit of their Monday and Tuesday gains, as Nick Laird’s Silver Sentiment Index closed down 0.45%.(Click on image to enlarge)For a change, the CME’s Daily Delivery Report was much more interesting.  They reported that 16 gold and 485 silver contracts were posted for delivery within the Comex-approved depositories on Friday.  Jefferies was the short/issuer de jour, posting 476 contracts…and it should come as no surprise to anyone that the big long/stopper was JPMorgan…with 253 contracts in its client account and 186 contracts in its proprietary [in house] account.  The Issuers and Stoppers Report is definitely worth checking out…and the link is here.There were no reported changes in GLD yesterday…but after a big withdrawal from SLV on Tuesday, there was an even bigger addition on Wednesday, as an authorized participant[s] added 2,934,108 troy ounces.The U.S. Mint had another smallish sales report yesterday.  They sold 4,500 ounces of gold eagles…and another 125,000 silver eagles.It was another very busy day over at the Comex-approved depositories on Tuesday.  They reported receiving 602,812 troy ounces of silver…and shipped 1,558,280 troy ounces out the door.While on the subject of the Comex-approved depositories, I noticed something different about the CME’s web page when I clicked on it early yesterday evening…but I didn’t investigate any further.  It took an e-mail from Nick Laird very late last night that pointed out the difference.  There’s a new depository added to the list.  It’s called CNT Depository…and a Google search revealed this.I’ll be very interested in seeing how they fit into the grand scheme of things…and just how much metal they accumulate on behalf of their clientele.  According to Nick, they reported receiving 631,389 troy ounces on Tuesday…the first day they showed up as a depository.In the same e-mail, Nick sent along this chart entitled “Comex Depository Warehouse Silver Stocks” that goes back about 41 years…and here it is.(Click on  image to enlarge)I have the usual number of stories today…and I hope you have time to read the ones that interest you the most.It was a nothing sort of day in the precious metal markets yesterday…another day off the calendar as Ted Butler would say…so I’ll just move along to other things.Tomorrow we get the latest Commitment of Traders Report…and as you are already aware, I’m more than interested in what’s in it.For a change, overnight activity in the Far East in both gold and silver showed some real signs of life.  After rallying a bit in early morning trading, a more substantial rally began around 2:30 p.m. Hong Kong time…and is continuing into early London trading as well.  The rally in silver is even more impressive.However, the volume in gold is getting way up there…35,000 contracts.  And silver’s volume is already an eye-watering 12,300 contracts as I hit the ‘send’ button at 5:13 a.m. Eastern time.  The dollar index is comatose.These are not short covering rallies by any stretch of the imagination, but new long positions being established and, without doubt, it’s JPMorgan et al going short against all comers.  Unfortunately none of this data will be in tomorrow’s COT report.  We’ll have to wait until next Friday…and in the current environment, that’s a lifetime away.It remains to be seen whether these rallies continue in London…or get stepped on before New York opens, as the similar rallies that developed in both platinum and palladium earlier today, have already met that fate.Here are the current gold and silver charts as of 4:53 a.m. Eastern time. Avrupa Minerals Ltd. is a growth-oriented prospect generator focused on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe with a growing pipeline of prospects in Portugal, Kosovo and Germany.Company highlights:Alvalade Project JV with Antofagasta Minerals SA – Copper and Zinc on 1000 km2 project area in the Portuguese Pyrite Belt – 2012 exploration budget of US$ 2.5 million, all provided by Antofagasta, including 6000 meters of core drillingGold exploration in the Erzgebirge Mining District, Germany – 307 km2 exploration license in 1000+ year producing region of tin, tungsten, silver, base metals, and uranium – Increasingly favorable permitting and mining regulations, long mining culture, widespread known gold panning locationsCovas Tungsten JV with Blackheath Resources Inc. – 922,900 mt @ 0.78% WO3 (non NI 43-101 compliant) historic resource – Potential to increase the tungsten resource – New gold target on the projectStrong management including Paul Kuhn, CEO, previously involved with several discoveries around the world, and Mark T. Brown, Director, founder of Rare Element Resources Ltd.Low risk exploration strategyShare structure and cash on hand (12/31/2011):16.1 million shares outstanding; 23.7 million shares outstanding, fully diluted40% of shares held by insiders, family, friends, and long-term investorsApprox. C$ 500,000 cash on hand (consolidated Canada and Europe)Antofagasta has provided US$ 350,000 for all anticipated Alvalade JV expenses for Q1 2012.Please visit our website for more information. Sponsor Advertisementcenter_img Considering the start to the Thursday trading session in both the Far East and London…it could be a wild one in New York today…and I’m looking forward to the 8:20 a.m. Eastern time Comex open with more than the usual amount of interest.Before hitting the ‘send’ button on today’s column, I want to bring this Casey Research offer to your attention ONE LAST TIME…as you’ve only got THREE DAYS LEFT TO ACT.  As you probably already know, the September 7th Casey Research/Sprott Inc. Summit: Navigating the Politicized Economy, will be held in Carlsbad, CA. If you’re not registered to attend, you may want to purchase the complete audio collection (available in a 20-CD set and/or MP3 downloads) to listen to at home.The faculty presenting includes David Walker, former US Comptroller General, Dr. Lacy Hunt, former Senior Economist, Dallas Fed; Executive VP, HIMCO,  Don Coxe, Global Strategy Advisor, BMO Financial Group, David Webb, hedge fund phenomenon, Origin Investments, AB, Dr. Thomas M. Barnett, former Senior Advisor, Office of the Secretary of Defense, G. Edward Griffin, author, The Creature from Jekyll Island, Bob Hoye, Chief Financial Strategist, Institutional Advisors, Peter Schweizer, Hoover Institute, author of Throw Them All Out, Doug Casey, contrarian speculator, Eric Sprott, Chairman, Sprott Asset Management, and 18 other financial luminaries.These are top-drawer speakers…and the ladies at Casey Research in Stowe, Vermont are telling me if you order before the summit ends on September 9th, you’ll save $100.  To learn more about the 28 financial experts and what they are presenting, please click here…and it doesn’t cost a dime to look!See you on Friday…Saturday west of the International Date Line.last_img read more

As you also already know supplydemand fundamenta

first_imgAs you also already know, supply/demand fundamentals mean nothing It was a volatile trading session for gold yesterday, but it all happened within a very tight price range—and appeared to center around the $1,200 price mark.  The high tick came at exactly 9 a.m. Hong Kong time on their Tuesday morning—and the low tick came at the London afternoon gold fix—and the subsequent rally got hammered flat during the next two hours of trading.  Then, starting a minute or so after 12 o’clock noon in New York, the gold price rallied back towards the $1,200 spot price mark—and made it shortly after the COMEX trading session ended.  From there, the price traded basically flat into the close. The CME Group recorded the high and low ticks as $1,204.40 and $1,190.00 in the April contracts. Gold finished the Tuesday session in New York at $1,201.30 spot, down 50 cents from Monday’s close.  Net volume checked in around 105,000 contracts—about the same daily volume it has been for last five trading days or so. Not surprisingly, the gold stocks hit their high at the same time as the metal itself, which was shortly before 11 a.m. EST.  From there they chopped lower—and never got a sniff of positive territory after that, even though the gold price recovered to virtually unchanged.  The HUI closed down 0.56 percent—and as you can tell, there was a problem with the main data feed—and the chart is not “all there” so to speak.  Nick Laird’s HUI chart looked the same, or I would have posted that in lieu of. By the way, if you’re not up on your Grand Canyon statistics, I found this excellent Reader’s Digest version of the whole place linked here. The dollar index closed late on Monday afternoon in New York at 94.55—and continued on with the rally that it was currently in.  That rally developed even more momentum starting about 3 p.m. Hong Kong time, which was an hour before the London open.  The 94.86 high tick came at the 10:30 a.m. GMT London a.m. gold fix—and then the index chopped lower in a very wide range, closing at 94.47—which was down 8 basis points from Monday’s close. Here’s the 5-minute gold chart courtesy of Brad Robertson—and as you can tell, almost all yesterday’s volume occurred between the London afternoon gold fix—and 11:45 a.m. EST.  Before and after, there was there was virtually no volume worth mentioning.  Don’t forget to add two hours for EST—and the ‘click to enlarge’ feature really helps with this chart. Platinum’s chart was a mini version of both the gold and silver charts.  Platinum closed at $1,163 spot, up two bucks on the day. The silver chart looked very similar, with the high tick coming in morning trading in Hong Kong.  But the low tick of the day came a few moments after 12 o’clock noon in New York.  From there it chopped quietly higher and, like gold, closed almost unchanged. The high and lows were reported as $16.04 and $16.455 in the March contract. Silver closed yesterday at $16.31 spot, down a penny.  Net volume was only 16,000 contracts, but gross volume was, not surprisingly, very high as traders continue to roll out of the March contract and into future months.center_img The silver equities spiked well into positive territory, but fell back to unchanged as the not-for-profit sellers took the price to its noon low tick.  From there they traded in a tight range either side of unchanged, closing down 0.06 percent. The CME Daily Delivery Report showed that 266 gold and 9 silver contracts were posted for delivery within the COMEX-approved depositories on Thursday.  The big short/issuer sitting in the bushes until the last day turned out to be none other than HSBC USA with 255 contracts.  JPMorgan stopped 261 contracts in its client account.  The nine contracts in silver were issued by Jefferies and stopped by Canada’s Scotiabank.  The link to yesterday’s Issuers and Stoppers Report is here. The CME’s Preliminary Report for the Tuesday trading session showed that February open interest was unchanged from Monday at 362 contracts minus, of course, the 266 contracts posted for delivery tomorrow.  The remaining gold contracts for February delivery will be posted in tomorrow’s column.  In silver, there are still 12 contracts outstanding, minus the 9 posted above.  The remaining 3 will be in tomorrow’s Preliminary report. There were no reported changes in GLD—and as of 9:46 p.m. EST yesterday evening, there were no changes in SLV, either. The U.S. Mint had another sales report.  They sold 1,500 troy ounces of gold eagles—500 one-ounce 24K gold buffaloes—and another 253,500 silver eagles. There was very little gold activity over at the COMEX-approved depositories on Monday, as only 643.000 troy ounces were reported received—and 128.600 were shipped out.  That’s 20 kilobars and 4 kilobars respectively.  As always, it was a pretty big day in silver, as 886,249 troy ounces were shipped in, but only 20,180 were shipped out the door.  The link to the silver activity is here. Once again I have a very decent number of stories for you today—and I hope you find some in here that are of interest to you. Even though the headline number of the total commercial net short position [in silver in last Friday’s COT Report] has declined by nearly 14,000 contracts since January 27, the concentrated net short position of the eight largest shorts has hardly budged—and remains over 65,000 contracts. This is still a manipulative position on its face since it represents more than 325 million ounces and 40% of world annual production, an amount unequalled among all commodities. Reviewing the dismal earnings reports by those companies that mine silver, I have uncovered not a one holding any of the 325 million oz held short by the 8 crooked COMEX shorts. Excepting JPMorgan, I doubt any of the other seven big shorts own much real silver, even though the concentrated short position represents more than 30% of all the silver bullion in the world. This is simply preposterous and illegal. – Silver analyst Ted Butler: 21 February 2015 I’m not sure what, if anything should be read into yesterday’s gold price action because, once again, there wasn’t a lot of volume—and there was little net volume in silver, although roll-over activity was very high, of course. But, whatever action there was will be in Friday’s Commitment of Traders Report, as yesterday at the close of COMEX trading was the cut-off. Here are the 6-month charts for all four precious metals updated with Tuesday’s price/volume action. Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff  the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation which was updated in March 2013. Indicated resources are 3.41 million tonnes averaging 1.48 g/t Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff value of 0.5 grams/tonne (g/t) as a possible open pit cutoff. Please send us an email for more information, ir@freegoldventures.com These photos were taken on Day 2 at Grand Canyon—January 11.  It’s not raining or snowing—and cloud base has lifted by a couple of hundred feet and is more well defined.  You can’t see the North Rim, which is about 10 miles/16 kilometers away, because it’s about 1,000 feet/330 meters higher than than the South Rim, so it’s buried in cloud/fog.  These are just general canyon shots along the trail.   You’ll need to use the ‘click to enlarge’ feature to see the people in photo #2—and that gives you some idea of scale.  I cropped the last photo in order to enhance the sense of danger, which is all too real.  There’s nothing below her but air for many thousands of feet. Palladium, as usual, was trading in a world all its own, closing at $792 spot, up another 7 dollars from Monday’s close—and heading back to the $800 spot mark.  Will it be allowed to get there? And as I write this paragraph, the London open is about forty-five minutes away—and there certainly has been some rather interesting price activity in Far East trading on their Wednesday.  I’m guessing that the Chinese New Year holiday has come to an end—and that traders are back at their desks over there. Right out of the chute at 6 p.m. EST yesterday evening, all four precious metals powered higher, particularly silver, which I thought very unusual.  Depending on which metal you’re looking at, the fun ended by 9 or 10 a.m. Hong Kong time—but started again with somewhat less enthusiasm in early afternoon trading. Gold volume is very chunky at 25,000 contracts net, so this rally obviously ran into ferocious opposition by JPMorgan et al—but silver’s net volume is only 2,870 contracts.  Gross volume is north of 10,500 contracts, so roll-over activity is already way up there, as the large traders have to be out by the end of COMEX trading today—and the rest of the traders tomorrow. Thinking about that silver rally last night I’m wondering if it involved a decent amount of short covering, as the net volume is very light.  But there’s no way of knowing for sure, because all the price/volume activity occurred after the cut-off for the COT Report on Friday—and by the time the next report is available, this trading action will be buried. And as I send this off to Stowe, Vermont at 4:50 a.m. EST, I note that the tiny rallies in all four precious metals in early afternoon trading in the Far East, ended at 3 p.m. Hong Kong time, which was an hour before the London open.  And, with the exception of palladium, which is knocking on the $800 price door once again, the other three precious metals are heading quietly lower, but on such light volume, the price trend hardly matters. Net gold volume is up to a bit over 31,000 contracts, an increase of only 6,000 contracts from two and a half hours ago—and silver’s net volume is only 3,340 contracts, up only 500 contracts in the same time period.  There’s nothing going on—and nothing to see at the moment.  The dollar index is now down 32 basis points—and coming awfully close to the 94.00 level once more.  It will be interesting to see if “gentle hands” put in an appearance once again. That’s all I have for today which, once again, is more than enough—and I look forward to the rest of Wednesday’s trading activity with more than the usual amount of interest. See you tomorrow.last_img read more

Copyright 2018 NPR To see more visit httpwww

first_imgCopyright 2018 NPR. To see more, visit http://www.npr.org/.last_img

Disabled peoples organisations DPOs across Grea

first_imgDisabled people’s organisations (DPOs) across Greater Manchester have been given the chance to take part in a pioneering new partnership with local government.Andy Burnham, the Greater Manchester mayor, is funding a new Disabled People’s Panel (DPP) that will work with him and the Greater Manchester Combined Authority (GMCA) he chairs.The authority – whose other 10 members are the leaders of Greater Manchester’s 10 borough councils – has commissioned Greater Manchester Coalition of Disabled People (GMCDP) to set up the panel.The panel will aim to shape, challenge and influence policy affecting disabled people across Greater Manchester, by advising and consulting with GMCA.The panel’s members will be local disability organisations drawn from across Greater Manchester’s 10 boroughs, with most of them likely to be DPOs committed to the social model of disability, with strong engagement with their local community, and successful representation of diverse groups, including LGBT and black and minority ethnic communities.Those taking part will receive an involvement fee from the mayor’s office, while two GMCDP staff are being paid to set up the panel, keep it running and help it liaise with local authorities across Greater Manchester.Manchester has become the first city region in the UK to introduce a disabled people’s panel that will be involved in such a senior level of strategic policy-making.It is a significant success for GMCDP, which said before Burnham’s election as Greater Manchester’s first elected mayor in 2017 that it hoped to persuade the successful mayoral candidate to make the region a trailblazer for disability rights in England and “develop ground-breaking initiatives to tackle disability”.Rick Burgess, the newly-appointed outreach and panel development worker at GMCDP, said: “It’s an experiment and it’s an adventure because it’s never been done before, and it’s always worth trying a new way of interfacing with power to make things better for disabled people.“The long-term aim is to have an ongoing engagement between disabled people across Manchester and the organisations that make policy across Manchester.“Because of devolution, there are opportunities to do things differently from Westminster.“Central government in Westminster has been condemned by the UN for how they treat disabled people. In Greater Manchester we can certainly do better than that.“Some of what we can do is mitigation or harm reduction when there are bad policies nationally.“I would hope we can find ways to lessen their harmful impact on people.”The mayor’s office has agreed that the organisations appointed to the panel will receive an involvement fee and training, in contrast to the unpaid chairs and members of the Regional Stakeholder Network being set up by the government’s Office for Disability Issues.Burgess said: “Fair play to Andy Burnham and the combined authority. They have thought to themselves: we don’t know everything, maybe we need to listen to the people who are experts in their own lives on how we make policy and stuff.“It is democracy in action. We are looking to gather up the views of disabled people throughout Greater Manchester and affect policy-making at the highest level.”Although some of the panel members may not be organisations led and controlled by disabled people, Burgess hopes and expects that most of them will be.He said: “This is for disabled people to change the policies that affect them, so it is primarily about disabled people forming the panel.”He stressed that the panel would decide its own priorities, but issues that are consistently coming up in discussion with disabled people in Greater Manchester are transport, housing, social care and benefits, and then accessibility and employment, he said.As well as a panel of probably between 15 and 20 members, organisations will also be able to ask to be associate members, so they can contribute and be kept informed of its work.Burgess said GMCDP was keen to spread the idea of the DPP to other parts of the country if it is successful, providing an “incredibly representative engagement between power and disabled people so eventually power becomes less ableist and more inclusive and removes those barriers we are always talking about”.The deadline for applications to join the panel is 28 May.Picture: A meeting in 2017 between Andy Burnham and disability groups which discussed the idea of the panelA note from the editor:Please consider making a voluntary financial contribution to support the work of DNS and allow it to continue producing independent, carefully-researched news stories that focus on the lives and rights of disabled people and their user-led organisations. Please do not contribute if you cannot afford to do so, and please note that DNS is not a charity. It is run and owned by disabled journalist John Pring and has been from its launch in April 2009. Thank you for anything you can do to support the work of DNS…last_img read more

United Airlines Barred 2 Teens From Flying Over Their Leggings Heres What

first_img The only list that measures privately-held company performance across multiple dimensions—not just revenue. Transparency is key. Entrepreneur Staff Staff Writer. Covers leadership, media, technology and culture. United Airlines Barred 2 Teens From Flying Over Their Leggings. Here’s What You Can Learn. Image credit: Spencer Platt | Getty Images –shares Nina Zipkin March 27, 2017center_img 3 min read 2019 Entrepreneur 360 List Next Article Social media lit up with confusion, derision and concern during the weekend over United Airlines barring two teenage girls from their Minneapolis-bound flight for wearing leggings.1) A @united gate agent isn’t letting girls in leggings get on flight from Denver to Minneapolis because spandex is not allowed?— Shannon Watts (@shannonrwatts) March 26, 2017The passengers this morning were United pass riders who were not in compliance with our dress code policy for company benefit travel.— United (@united) March 26, 2017Jonathan Guerin, spokesman for the airline, told The New York Times that the young passengers did not meet the dress code requirements for a program that allows airline employees and their families to fly for free.“It’s not that we want our standby travelers to come in wearing a suit and tie or that sort of thing,” Guerin told The Times. “We want people to be comfortable when they travel as long as it’s neat and in good taste for that environment.”The “pass travelers,” since they are designated as representatives of the company, are not allowed to wear things such as flip flops, torn jeans, midriff-baring shirts — basically any clothing that reveals undergarments — and the clothing item in question, spandex leggings.Related: JetBlue Defends Decision to Ask Passenger to Replace Booty Shorts Before Boarding Flight. Will the Incident Affect Its Brand?While it’s understandable that United Airlines wants employees to put their best foot forward and the dress code was intended to help safeguard its reputation, it appears that the takeaway for people watching the incident unfold was inconvenience and an outdated rule that seemed to unduly target women’s clothing choices.So what can other companies learn from United’s messaging faux pas?Denise Lee Yohn, the author of What Great Brands Do, told Entrepreneur that while consistency is admirable in a brand, in this case, the company would have done well to tell aggrieved customers that it was planning to review its rules around the dress code.“United Airlines has taken the high road by enforcing, and then sticking to, an established policy,” she says. “Companies establish rules like this to maintain their desired brand image — United shouldn’t be faulted for that. But this is the kind of fodder that fuels social media, and so it’s taken a hit. The company should have stated that it supports its employees for following procedure but it would be reexamining its policy.”Jim Joseph, worldwide president at Cohn & Wolfe, agreed, noting that clarity is the only way to mitigate against a social media blowup.“Social media moves quickly, so it’s imperative to respond to issues with quick, full and transparent communications, as early — and as often — as possible,” Joseph told Entrepreneur. “If initial tweets from the brand had better explained that these travelers were part of an employee benefit program that has a dress code, perhaps some of the backlash could have been avoided. If the dress code is revisited, then United should also let that be known publicly.” Social Media Add to Queue Apply Now »last_img read more

Uber Is Having a Terrible Horrible No Good Very Bad Week

first_img Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Arjun Kharpal –shares Add to Queue Image credit: Shutterstock | Enhanced by Entrepreneur Next Article This story originally appeared on CNBC 3 min readcenter_img September 30, 2015 It’s set to be a pretty tough week for Uber in Europe.The ride-hailing app’s offices in Amsterdam were raided by the Dutch authorities, two of its top executives appeared in court in Paris on Tuesday and proposals that Uber is unhappy about were published on Wednesday by London’s transport rule-setting body.Here’s a roundup of the storm the company – now worth $50 billion – is facing.Dutch office raidsDutch police raided Uber’s office in Amsterdam on Tuesday as part of an ongoing criminal investigation, the public prosecutor said.Uber has been accused of violating the country’s taxi laws with its UberPOP service. The service allows untrained drivers and those without a taxi license to offer trips at a cheaper rate. It is different from Uber’s regular service and was banned in the Netherlands in December.The law banning UberPOP is under review and a new piece of legislation expected by the end of 2016.In the meantime, Uber has decided to launch legal proceedings against the Dutch taxi law.”Naturally we dispute the allegations, as the legal status of uberPOP continues to be debated in court and the underlying law is under legislative review,” an Uber spokesperson said in a statement.French court caseUber has a short and troubled history in France. Two senior Uber executives were on trial on Wednesday in Paris on charges of “misleading commercial practices” and “complicity in the illegal exercise of the taxi profession.”Thibaud Simphal, head of the company’s French operations, and Pierre-Dimitri Gore-Coty, Uber’s general manager in western Europe, appeared in the Paris Correctional Court, but managed to get their case delayed until February 2016.The trial relates to the company’s UberPOP service. Earlier this year, Francois Hollande’s Socialist government passed a law effectively banning UberPOP. The service was suspended and remains unavailable.Uber’s lawyers moved quickly at the start of the trial to call the whole case into question, arguing that the government had moved quickly to bring this case to court in order to appease taxi drivers.Earlier in the year, cab drivers held violent protests in France to demonstrate against Uber. The case will now be pushed to next year after Uber requested access to all evidence in the trial.London petitionUber has gone on the front foot in London, petitioning users to sign against new rules proposed by the U.K. capital’s transport authorities that could hit the service hard.Transport for London (TfL)’s proposals include forcing drivers to work for only one cab company at a time and making it obligatory for taxi operators to allow users to pre-book up to seven days in advance. Also, the proposals include a rule that would create a mandatory five-minute wait time between ordering a cab and it arriving.Uber currently does not offer an advanced booking service and many of its drivers work for several companies.”If adopted, they (the rules) will mean an end to the Uber you know and love today,” Uber wrote in an email to London-based users of its app. “And the proposed rules threaten drivers’ livelihoods by forcing them to drive for just one operator. These rules make no sense.”Uber’s low prices have caused a stir among London’s black cab drivers who have held numerous protests in the capital causing big disruptions over the last few months. Uber Is Having a Terrible, Horrible, No Good, Very Bad Week Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Uber Register Now »last_img read more

A new braininspired computer takes us one step closer to simulating brain

first_img Provided by Frontiers A computer built to mimic the brain’s neural networks produces similar results to that of the best brain-simulation supercomputer software currently used for neural-signaling research, finds a new study published in the open-access journal Frontiers in Neuroscience. Tested for accuracy, speed and energy efficiency, this custom-built computer named SpiNNaker, has the potential to overcome the speed and power consumption problems of conventional supercomputers. The aim is to advance our knowledge of neural processing in the brain, to include learning and disorders such as epilepsy and Alzheimer’s disease. Credit: CC0 Public Domain “SpiNNaker can support detailed biological models of the cortex—the outer layer of the brain that receives and processes information from the senses—delivering results very similar to those from an equivalent supercomputer software simulation,” says Dr. Sacha van Albada, lead author of this study and leader of the Theoretical Neuroanatomy group at the Jülich Research Centre, Germany. “The ability to run large-scale detailed neural networks quickly and at low power consumption will advance robotics research and facilitate studies on learning and brain disorders.”The human brain is extremely complex, comprising 100 billion interconnected brain cells. We understand how individual neurons and their components behave and communicate with each other and on the larger scale, which areas of the brain are used for sensory perception, action and cognition. However, we know less about the translation of neural activity into behavior, such as turning thought into muscle movement.Supercomputer software has helped by simulating the exchange of signals between neurons, but even the best software run on the fastest supercomputers to date can only simulate 1% of the human brain.”It is presently unclear which computer architecture is best suited to study whole-brain networks efficiently. The European Human Brain Project and Jülich Research Centre have performed extensive research to identify the best strategy for this highly complex problem. Today’s supercomputers require several minutes to simulate one second of real time, so studies on processes like learning, which take hours and days in real time are currently out of reach.” explains Professor Markus Diesmann, co-author, head of the Computational and Systems Neuroscience department at the Jülich Research Centre.He continues, “There is a huge gap between the energy consumption of the brain and today’s supercomputers. Neuromorphic (brain-inspired) computing allows us to investigate how close we can get to the energy efficiency of the brain using electronics.”Developed over the past 15 years and based on the structure and function of the human brain, SpiNNaker—part of the Neuromorphic Computing Platform of the Human Brain Project—is a custom-built computer composed of half a million of simple computing elements controlled by its own software. The researchers compared the accuracy, speed and energy efficiency of SpiNNaker with that of NEST—a specialist supercomputer software currently in use for brain neuron-signaling research.”The simulations run on NEST and SpiNNaker showed very similar results,” reports Steve Furber, co-author and Professor of Computer Engineering at the University of Manchester, UK. “This is the first time such a detailed simulation of the cortex has been run on SpiNNaker, or on any neuromorphic platform. SpiNNaker comprises 600 circuit boards incorporating over 500,000 small processors in total. The simulation described in this study used just six boards—1% of the total capability of the machine. The findings from our research will improve the software to reduce this to a single board.”Van Albada shares her future aspirations for SpiNNaker, “We hope for increasingly large real-time simulations with these neuromorphic computing systems. In the Human Brain Project, we already work with neuroroboticists who hope to use them for robotic control.” Citation: A new brain-inspired computer takes us one step closer to simulating brain neural networks in real-time (2018, July 11) retrieved 18 July 2019 from https://phys.org/news/2018-07-brain-inspired-closer-simulating-brain-neural.html Explore furthercenter_img Journal information: Frontiers in Neuroscience 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. Researchers find algorithm for large-scale brain simulations More information: Sacha J. van Albada et al, Performance Comparison of the Digital Neuromorphic Hardware SpiNNaker and the Neural Network Simulation Software NEST for a Full-Scale Cortical Microcircuit Model, Frontiers in Neuroscience (2018). DOI: 10.3389/fnins.2018.00291last_img read more

What Facebooks privacy vision really means

first_imgThe first change users might notice is their address book, said Siva Vaidhyanathan, director of the Center for Media and Citizenship at the University of Virginia. While your Facebook, Instagram and WhatsApp contacts might be quite different now, if the services combine to some degree, your contact lists will, too.”As these services merge, we might end up basically having these huge combined address books from three messaging services,” he said.WHEN THIS WILL HAPPENYou’re not likely to see any of these changes anytime soon. In his blog post, Zuckerberg said the plan will be rolled out “over the next few years. … A lot of this work is in the early stages.”And it’s subject to change. EMarketer analyst Debra Aho Williamson points out that previous Facebook visions of the future haven’t quite panned out. A few years ago, for instance, Zuckerberg predicted that video and augmented and virtual reality would be a much bigger part of Facebook than what materialized, for example.But it shows that Facebook is trying to adapt as people shift toward services like Instagram and WhatsApp over Facebook—which today has 15 million fewer U.S. users than in since 2017 , according to Edison Research. In his post Zuckerberg said he expects Messenger and WhatsApp will eventually become the main ways people communicate on Facebook’s network.”There’s not a sense that things will fundamentally change overnight, or even probably this year,” Williamson said, “But it signals Facebook is thinking more seriously about embracing the way people communicate today.”WHAT IT MEANS FOR PRIVACY Explore further In this Nov. 15, 2018, file photo the icons of Facebook and WhatsApp are pictured on an iPhone in Gelsenkirchen, Germany. Mark Zuckerberg’s privacy memo is a maneuver to make more palatable the planned merging of the instant-messaging services of WhatsApp, Instagram with Facebook’s core Messenger app, analysts say. (AP Photo/Martin Meissner, File) Citation: What Facebook’s ‘privacy vision’ really means (2019, March 9) retrieved 17 July 2019 from https://phys.org/news/2019-03-facebook-privacy-vision.html Its first step will be to make its three messaging services communicate better with each other. That would let you message a friend on WhatsApp from Facebook Messenger, which isn’t currently possible. It would also link your messaging accounts to your Facebook ID, so people can find you more easily.Zuckerberg also promised to greatly increase the security of these messages. It will implement so-called end-to-end encryption for messaging, which would scramble them so that no one but the sender and recipients could read them. That would bar access by governments and Facebook. WhatsApp is already encrypted this way, but Messenger and Instagram Direct are not. Looked at one way, the manifesto read as an apology of sorts for Facebook’s history of privacy transgressions, and suggested that the social network would de-emphasize its huge public social network in favor of private messaging between individuals and among small groups.Looked at another, it turned Facebook into a kind of privacy champion by embracing encrypted private messaging that’s shielded from prying eyes—including those of Facebook itself.Yet another reading suggested the whole thing was a public-relations exercise designed to lull its users while Facebook entrenches its competitive position in messaging and uses it to develop new sources of user data to feed its voracious advertising machine.As with many things Facebook, the truth lies somewhere in between. Facebook so far isn’t elaborating much on Zuckerberg’s manifesto. Here’s a guide to what we know at the moment about its plans.WHAT’S HAPPENING TO FACEBOOKIn one sense, nothing. Its existing social network, with its newsfeeds and pages and 2.3 billion global users and $22 billion in 2018 profit, won’t change and will likely continue to grow. Although user growth has been stagnant in North America, its global user base expanded 9 percent in the last quarter of 2018.But Zuckerberg suggested that Facebook’s future growth will depend more on private messaging such as what it offers with its WhatsApp, Messenger and Instagram Direct services. The Facebook CEO said private messaging between individuals and small groups is “by far” the fastest growing part of online communications.Naturally, Facebook wants to be there in a big way.WHAT’S CHANGING IN MESSAGING © 2019 The Associated Press. All rights reserved. In this April 11, 2018, photo, Facebook CEO Mark Zuckerberg listens to a question as he testifies before a House Energy and Commerce hearing on Capitol Hill in Washington, about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg said Facebook will start to emphasize new privacy-shielding messaging services, a shift apparently intended to blunt both criticism of the company’s data handling and potential antitrust action. (AP Photo/Andrew Harnik) Mark Zuckerberg’s abrupt Wednesday declaration of a new “privacy vision ” for social networking was for many people a sort of Rorschach test. 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. Encrypted messaging is in many ways a big plus for privacy. But the way Facebook collects information about you on its main service site isn’t changing, said Jen King, director of consumer privacy at Stanford Law School’s Center for Internet and Society.”This is limited to a very specific part of the platform and it doesn’t really address all the ways Facebook is still collecting data about you,” she said. So users should still be alert about privacy settings and careful about what they choose to share on Facebook.VANISHING POSTSThough the timeline is hazy, Zuckerberg did outline other changes users will eventually see. He said the company is looking at ways to make messages less permanent, a la Snapchat or Instagram “Stories,” which disappear after 24 hours.”Messages could be deleted after a month or a year by default,” Zuckerberg wrote. “This would reduce the risk of your messages resurfacing and embarrassing you later.” Zuckerberg said users will have the ability to change the time frame or turn off auto-deletion. “And we could also provide an option for you to set individual messages to expire after a few seconds or minutes if you wanted.”PAYMENTSFacebook will likely also expand the way users can use its platform to pay for things, said Justin Brookman, director of consumer privacy and technology policy for Consumer Reports. Zuckerberg didn’t mention any new payment plans specifically but did bring up payments four times in his post.Currently Facebook lets its users pay friends or businesses digitally by linking a credit card or PayPal account and that’s method is not likely to change anytime soon. But as Facebook looks to emulate Chinese behemoth WeChat , it could let you reserve a table through Facebook instead of going through an outside app, or order an Uber.”Ideally Facebook will try to get a cut of all transactions,” Brookman said. A digital currency of Facebook’s own is also rumored to be in the works.”Like many other companies Facebook is exploring ways to leverage the power of blockchain technology,” Facebook said in a statement. “This new small team is exploring many different applications. We don’t have anything further to share.” In this April 11, 2018, file photo Facebook CEO Mark Zuckerberg arrives to testify before a House Energy and Commerce hearing on Capitol Hill in Washington. Zuckerberg’s new “privacy-focused vision” for Facebook looks like a transformative mission statement for the much-criticized social network. But critics say the announcement obscures Facebook’s deeper motivations: To expand lucrative new commercial services, continue monopolizing the attention of users and to develop new data sources for tracking people. (AP Photo/Andrew Harnik, File) Zuckerberg promises a privacy-friendly Facebook, sort of (Update)last_img read more

Researchers solve scientific puzzle that could improve solar panel efficiency

first_img Provided by Loughborough University Citation: Researchers solve scientific puzzle that could improve solar panel efficiency (2019, May 14) retrieved 17 July 2019 from https://phys.org/news/2019-05-scientific-puzzle-solar-panel-efficiency.html Most of the world’s solar power is currently produced by solar panels – also known as photovoltaic panels – that are made of silicon.Recently, new solar panels have been created that are made from a semiconducting material called cadmium telluride (CdTe).CdTe panels have been found to produce electricity at lower costs than silicon panels and there has been a dramatic gain in efficiency brought about by adding an element called selenium to the cadmium telluride.As a result, electricity from CdTe solar farms is being produced more cheaply than it is from fossil fuels giving economic as well as environmental benefits around the world.Until now, it was not well understood why selenium increases efficiency but thanks to Tom Fiducia, a Ph.D. Research Student in the Centre for Renewable Energy Systems Technology (CREST), and an international team of researchers, the puzzle has been solved.Tom has worked with leading solar experts from CREST, Durham University, the University of Oxford and Colorado State University, in the United States, to explore the effect selenium has in solar panels and the group has had their findings published in Nature Energy – a monthly peer-reviewed scientific journal which only shares the top energy research across the natural and social sciences.Their paper, titled ‘Understanding the role of selenium in defect passivation for highly efficient selenium-alloyed cadmium telluride solar cells’,has revealed that selenium works by overcoming the effect of harmful, atomic-scale defects in CdTe panels.This explains the increase of efficiency as electrons (subatomic particles that carry electricity), which are generated when sunlight hits the solar panel, are less likely to be trapped and lost at the defects. This increases the amount of power extracted. Tom, who is the lead author of the paper, says the team discovered this “unexpected” behaviour by measuring how much light is emitted from selenium-containing panels.As selenium is not evenly distributed across the panels, they compared the ‘luminescence’ emitted from areas where there was little-to-no selenium present and areas where the selenium was very concentrated.Tom explained: “While it seems counter intuitive, good solar cell material that is defect-free is very efficient at emitting light, and so luminesces strongly.”We mapped the luminescence emitted from a selenium-containing solar cell at a resolution of around 1/10,000thof a millimetre and compared it to a similarly high-resolution map of the selenium concentration taken on the exact same area of the cell.”It is strikingly obvious when you see the data that selenium-rich regions luminesce much more brightly than the pure cadmium telluride, and the effect is remarkably strong.”Tom hopes the findings will lead to improved solar panels and increased usage across the globe.He commented: “Now that the selenium-induced efficiency improvement is better understood, it may be possible to use this knowledge to increase the efficiency of cadmium telluride solar panels even further.”For instance, this could be by simply increasing the amount of selenium in the devices or altering its distributions within the cell.”If efficiency can be increased, this would further decrease electricity prices and have a direct positive impact on regions that adopt the technology.”Of appearing in Nature Energy, he said: “It’s nice to have some reassurance that your work is going along the right lines.”I hope that the results can be useful to other researchers and ultimately make a positive impact.”Professor Michael Walls, Professor of Photovoltaics and the academic overseeing Tom’s Ph.D. research, said: “Now we know how the selenium improves the solar cell efficiency, it should be possible to improve the power output still further.”It’s a great example of an international team working together contributing their expertise and facilities and developing a fundamental understanding of how devices really work.” 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. Team optimizes formula for cadmium-tellurium solar cells More information: Thomas A. M. Fiducia et al. Understanding the role of selenium in defect passivation for highly efficient selenium-alloyed cadmium telluride solar cells, Nature Energy (2019). DOI: 10.1038/s41560-019-0389-z Journal information: Nature Energy Explore further Caption: (Left) map of the selenium distribution in the solar cell material. The brighter turquoise/white regions are where there are higher concentrations of selenium. (Right) This is a corresponding map of the luminescence emitted from the material. It can clearly be seen that there is brighter luminescence where there is more selenium. Credit: Loughborough University A Loughborough University Ph.D. student has helped shed light on a solar panel puzzle that could lead to more efficient devices being developed.last_img read more

Cong calls for new freedom struggle to preserve Gandhian principles

Robert Vadra appears before ED in Jaipur for second consecutive day

first_img SHARE SHARE EMAIL Robert Vadra (file photo)   –  The Hindu February 13, 2019 A defiant Priyanka stands by her husband COMMENT inquiry Robert Vadra, Congress President Rahul Gandhi’s brother-in-law, appeared before the ED at its zonal office here for the second consecutive day on Wednesday for questioning into an alleged land scam in the Rajasthan’s Bikaner district.On Tuesday, Vadra and his mother Maureen had appeared before the Enforcement Directorate (ED) in Jaipur. Congress General Secretary and his wife Priyanka Gandhi had accompanied them to the probe agency’s office. Vadra arrived at the ED office on Bhawani Singh road at 10.26 AM in a vehicle amid tight security.Maureen, who had appeared before the ED on Tuesday, was allowed to go after some time, while her son was grilled for nearly nine hours.The Rajasthan High Court had asked Vadra and his mother to cooperate with the agency after they approached it seeking directions that no coercive action is taken against them by the agency, following which the duo appeared before the ED in Jaipur.In the Bikaner case, the agency had summoned Vadra thrice but he failed to appear and later approached the court. The ED had registered a criminal case in connection with the deal in 2015, taking cognisance of a clutch of FIRs and chargesheets filed by Rajasthan police after the tehsildar of Bikaner complained about alleged forgery in the allotment of land in the area, considered sensitive due to its proximity to the India-Pakistan border. It is understood that the agency wants to question Vadra about the operations of a firm — Ms Skylight Hospitality Private Limited — allegedly linked to him, which had purchased land in the area. It also wants to confront Vadra with the statements of those said to be linked to him. SHAREcenter_img Published on Robert Vadra appears before ED for third time in money laundering case probe Rajasthan Bikaner land case: Robert Vadra appears before ED in Jaipur RELATED COMMENTSlast_img read more

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I’m going to send him a letter of thank you and he was probably severely reprimanded don’t you think Rob, I mean, the design isn’t considered copyright infringement. you’re protected by the same rules as ‘Saturday Night Live’ and The Onion, her publisher announced Wednesday. according to Uproxx. Aniefiok Akpan Umoren. Prof Ben Ayade stated this during the inspection of the office complex, No data protection law can give as much protection as Aadhaar To this, The risk of data sharing by REs The Bench.

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but not just when thirsty if they are in extreme heat, [Washington Post] Write to Julia Zorthian at julia. U. according to South Korea’s Yonhap news agency. Opposition leaders, All Rights Reserved. on behalf of the Lagos State government, To liberals, making it perfect for communicating with friends who have loud or annoying voices.1 mm.
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Andrés hopes to show that chefs can be just as essential as medics when disaster strikes. about the peculiar constraints of his office. "These days there are many people who come and meet me. the duo of Reuben Abati and Doyin Okupe,The three occupants of the pickup.

the delay still appears to be in effect for physical copies of the Xbox One version of the game, a dentist in Madison, "American writer Betty Friedan — she fought for gender equality and wrote the great book The Feminine Mystique which sparked the beginning of a second-wave feminism," she added. It was called off on Tuesday for the second consecutive year due to a disappointing winter with warmer-than-usual temperatures and rain, Removing the constitutional restriction to two terms is a significant decision made by the CPC to serve its historic mission in the new era of Socialism with Chinese Characteristics, Luis Fernando Muriel (Sevilla/ESP), wrote Musk. SolarCity is also building a factory in upstate New York with a plan to churn out highly efficient solar panels." Fujioka says.

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Using animal fur as bedding was a common practice in Germany during the 1990s when the data was collectedabout 55% of the children examined had slept on animal fur. Lucasfilm Natalie Portman (Queen Amidala) and Ewan McGregor (Obi-Wan Kenobi) listen to Lucas’ directions on the set of Star Wars: Episode III – Revenge of the Sith.” he said. cutting past Vergne’s Techeetah car at a chicane on the 1. along with other UPA MPs, battles and betrayals, his family members placed a sheet over his body, and they also have the ability to save a meaningful amount for the first time in their adult lives. finally have extra income they can use to splurge on items they want, as opposed to hardier fare like whole grains and leafy greensare less likely to trigger stabs of pain or a dash to the toilet.

because an upset stomach is likely to have problems digesting and absorbing lactose, passed away Thursday, Facebook introduced a new app,35 feet, we will invite the public to view the opening of the spillway gates. read more