Tag: 杭州桑拿

Video: ESPN Feed Of Peyton Manning’s Retirement Presser Cuts Out When Asked About Sexual Assault Allegations

first_imgESPN cuts out out Peyton Manning's retirement.Peyton ESPNDuring Peyton Manning’s retirement press conference this afternoon, the former Indianapolis Colts and Denver Broncos’ quarterback was asked about the sexual assault allegation from his time at Tennessee. The question was asked by USA Today‘s Lindsay Jones, who tweeted about her decision to ask the question. Manning deserved a chance to respond to what everyone has been saying about him for the last month. I had to ask.— Lindsay Jones (@bylindsayhjones) March 7, 2016Manning gave a somewhat lengthy answer that concluded with, “I did not do what has been alleged.” We didn’t get to hear him say that on ESPN, though. The feed of the press conference – suspiciously to some – cut out during Manning’s response. The NFL Network’s feed did not. Real subtle, @espn pic.twitter.com/CZkSiBKzEw— Pete Blackburn (@PeteBlackburn) March 7, 2016You can view Manning’s full retirement speech here.last_img read more

4 First Nations in Manitoba Get Flooding Compensation Offer

first_imgAPTN National NewsPeople from four First Nations communities in Manitoba have been offered compensation for being displaced because of flooding this spring.The province is offering a total of 25 million dollars. But some are wondering how this will help.APTN’S Tiar Wilson now with more.last_img

Rising scruples in European countries over Saudi arms sales

first_imgBERLIN – The killing of writer Jamal Khashoggi has prompted soul-searching in some European countries about their sale of arms to Saudi Arabia, long one of the biggest buyers of sophisticated Western weaponry.While the United States ranks first among Saudi’s arms suppliers, Europe, too, has been selling billions of dollars’ worth of weapons to the kingdom for decades.Appeals have mounted in recent days calling for such deals to be halted: On Sunday, German Chancellor Angela Merkel said that arms exports to Saudi Arabia “can’t take place in the situation we’re currently in,” citing Khashoggi’s death. But despite the outrage, no European country has yet taken concrete action to change how business is done.Spain’s prime minister said Wednesday his government would fulfil past arms sales contracts with Saudi Arabia despite his “dismay” over the “terrible murder” of Khashoggi earlier this month in the Saudi Consulate in Istanbul.Pedro Sanchez told lawmakers that protecting jobs in southern Spain was central to his decision last month to go ahead with a controversial bomb shipment to Saudi Arabia.In London, British Prime Minister Theresa May also rebuffed a call from opposition lawmakers to end weapons sales to the Arab kingdom, telling Parliament on Wednesday that “the procedures we follow are among the strictest in the world.”Spain, Germany, Italy and Switzerland each accounted for about two per cent of Saudi Arabia’s arms imports between 2013 and 2017, according to figures compiled by the Stockholm International Peace Research Institute, or SIPRI.France accounted for about 4 per cent, while Britain took a 23 per cent share of the business — behind the United States with 61 per cent.Merkel’s economy minister, Peter Altmaier, called Monday for a common European Union position on arms sales to Saudi Arabia, telling a public broadcaster that “only if all European countries agree would this make an impression on the government in Riyadh.”Even if Germany were to stop the exports, “it will have no positive consequences … if at the same time other countries fill this gap,” he said.Slovakia’s Foreign Ministry said Wednesday it was willing to discuss the German proposal. In neighbouring Czech Republic, Foreign Minister Tomas Petricek said he also supported a discussion as he summoned the Saudi ambassador to Prague to tell him “any attacks on journalists are unacceptable.”But Britain’s foreign secretary highlighted the difficulty in agreeing on a common EU stance on Saudi arms exports when he pointed out last month that “With countries like Saudi Arabia, countries like China, the way you make the most progress is by talking to them in private.”“If you talk about these things publicly you lose the access, they say ‘we don’t want to deal with you’ and you put yourself in a position where you have no influence over what’s happening,” Jeremy Hunt told Sky News.Should Western nations halt their sales, one country that might step in is Russia.Russian and Saudi officials discussed possible arms sales including S-400 air defence systems during a landmark visit by King Salman last October, but no contract was signed.Saudi Arabia also has expressed interest in setting up production of Russian Kornet-EM anti-tank missiles, TOS-1A rocket launchers and AGS-30 automatic grenade launchers and the latest version of the Kalashnikov assault rifle in their country. It is unclear if any of those deals are nearing implementation.Russia’s cautious stance on Khashoggi’s murder could be changing that, experts say.Kirill Semenyov, a Middle East expert on the Foreign Affairs Council which advises the Kremlin, said the Saudis would be looking for alternatives like Russia if one of their key partners were to pull out of the deals.“If the U.S. or Britain were to renege on the contracts to supply fighter jets or other weapons like tanks, it would be a serious blow, that would push Saudi Arabia to buy arms from Russia like T-90 tanks or Su-35 planes,” he said.A sizeable Russian business delegation on Tuesday descended on an investment conference in Riyadh to show that Moscow is unfazed by the accusations against the royal family.Kirill Dmitriev, chairman of the state-owned Russian Direct Investment Fund, told state-owned Rossiya 24 channel that “Saudi partners are appreciative of our balanced position.” ”We continue to co-operate with Saudi Arabia’s investment fund and other partners,” he added.Dmitriev likened the investigation into Khashoggi’s killing to recent accusations levelled against Russia over the poisoning of a former Russian spy in Britain and cyber-attacks around the world.“There’s a lot of speculation and unverified information around,” he said.French government spokesman Benjamin Griveaux said Wednesday that Paris will agree to sanctions against Saudi Arabia only if it’s proven they are to blame in the journalist’s killing.“As long as these facts are not corroborated by our intelligence services, we will withhold our response,” Griveaux said. “But once the light is made, that these facts are corroborated by our services, and in the event that Saudi Arabia’s responsibility is proven, then we will draw the consequences and we will take sanctions. And I will tell you something, it would not be just about weapons.”Diederik Cops, a researcher at the Flemish Peace Institute in Belgium, suggested that the European focus on military goods would have been more appropriate years ago in reaction to the Yemen conflict, where Saudi relies heavily on foreign arms and equipment. It may have taken the Khashoggi killing to force a change, he said.“Most governments are threatening with arms and questioning arms exports because they know that is the most strong … political pressure instrument they can use at this moment toward the Saudis,” he said.But, he added, it’s hard to tell if a global initiative on prohibiting arms exports to Saudi Arabia will take hold because of geopolitical and economic factors.Rights groups have long called unethical the multibillion-dollar U.S. and European arms sales to Saudi Arabia, for decades one of the world’s largest buyers of weapons. They point to the growing number of civilian casualties in Yemen’s ongoing civil war, in which the Saudis lead a mostly Arab coalition against Iranian-supported Shiite rebels known as the Houthis.Calls for the deals to be suspended have often surfaced in the wake of airstrikes by the U.S.-backed, Saudi-led coalition fighting against the Iranian-supported Shiite rebels in Yemen. The airstrikes have killed hundreds of Yemeni civilians, including women and children, since the commencement of the war in 2015.After an August airstrike hit a bus carrying Yemeni children on their way to school in the country’s north, killing more than 40, Human Rights Watch said the incident highlighted the “callous indifference of the Western powers enthusiastically arming the Saudi-led coalition.”On Wednesday, Spanish activists protested outside Parliament holding bomb-shaped signs reading “Decisions that kill.”Haizam Amirah Fernandez, an expert at Madrid-based think-tank Elcano Royal Institute, said Saudi Arabia’s current leadership “is aware that it has taken bold steps in the past three plus years with an absolute impunity” because the White House is its biggest backer.“Everybody else, including the Europeans, look at Washington to see what signals come out of the White House regarding support to the Saudi monarchy. And the signal so far has been of an unshakable support with timid criticism toward Saudi Arabia,” said Amirah Fernandez.___Parra contributed from Madrid. Mark Carlson in Brussels, Samuel Petrequin, Jill Lawless in London, Colleen Barry in Milan, David Rising in Berlin, Karel Janicek in Prague and Nataliya Vasilyeva and Vladimir Isachenkov in Moscow, and Hamza Hendawi in Cairo contributed to this report.last_img read more

Apples 4Q change in iPhone sales disclosure jar investors

first_imgSAN FRANCISCO – Apple’s faithful customers aren’t snapping up iPhones quite as enthusiastically as anticipated heading into the crucial holiday shopping season.But the latest models costing $1,000 and more are popular enough to keep propelling profits ever higher for the world’s most prosperous company.The mixed bag emerged in the quarterly results Apple released Thursday amid jitters about how the company and the rest of the technology industry will fare in the face of myriad threats to growth. Those include increased government regulation, the escalating U.S. trade war with China and the spectre of rising interest rates crimping economic growth.Apple’s performance for the July-through-September period and its revenue outlook for holiday season evidently weren’t enough to ease investors’ concerns.The Cupertino, California, company rattled Wall Street even more by unexpectedly announcing that it will no longer disclose the number of iPhones it sells each quarter, beginning with the current period ending in December.“This is a bit of a gut punch for everyone used to more transparency,” said Wedbush Securities analyst Daniel Ives.Apple’s stock almost 7 per cent to $207.67 in extended trading after all the news came out.Other major smartphone makers don’t reveal their quarterly shipments of their devices either, but Apple has broken down its iPhone numbers ever since the phone’s debut 11 years ago. The abrupt change in policy raised suspicions that management might be trying to mask a downturn in the popularity of the product that generates most of Apple’s profits.The change apparently was triggered by Apple’s frustration with investors’ fixation on its iPhone sales while glossing over other key areas, such as the robust growth in its services division that collects commissions on app sales and handles subscriptions to its music-streaming service.“The number of (iPhone) units sold during any quarter has not been necessarily representative of the underlying strength of our business,” Luca Maestri, Apple’s chief financial officer, told analysts in a conference call.Although there may be some logic to the rationale for the long term, “this is going to be a difficult pill to swallow in the short term,” Ives said. “It’s like suddenly telling people (in the U.S.) that they have to start driving on the left side of the road.”Apple CEO Tim Cook also sought to reassure analysts during the conference call with an explanation that indicated the company expects to keep making more money even if iPhone sales should falter.“This is a little bit like if you go to the market and you push your cart up to the cashier and she says or he says, ‘How many units do you have in there?’” Cook said. “It doesn’t matter a lot how many units there are in there in terms of the overall value of what’s in the cart.”Analysts had expected Apple to sell 78 million iPhones during the holiday season, but now the company isn’t going to reveal whether it hit the target or not.Apple earned $14.1 billion, a 32 per cent increase from the same time last year during the past quarter. Earnings per share came in at $2.91, topping the average estimate of $2.79 among analysts surveyed by Zacks Investment Research.Revenue for the period climbed 20 per cent from last year to $62.9 billion.Apple sold 46.9 million iPhones in the past quarter, slightly below analyst estimates.The company Apple released its latest iPhones, models selling from $1,000 to $1,500, at the tail end of the quarter, and those appeared to get off to a strong start. Apple fetched an average of $793 per iPhone in the quarter, up 28 per cent from the same time last year.Thanks to last year’s release of the first iPhone to cost $1,000 , the average price has increased by at least 11 per cent in each of the past four quarters. If Apple follows that trend in the current quarter, the average iPhone price should rise above $800 for the first time in a show of people’s love affair with the device.But now everyone will be left to guess whether Apple clears that financial hurdle during the holiday season._____Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.last_img read more

The Cardinals mustered just 296 yards of total off

first_imgThe Cardinals mustered just 296 yards of total offense in the game, but were penalized 10 times for 90 yards. They turned the ball over three times, and converted just one of 10 third-down opportunities. Quarterback Carson Palmer was picked off twice — once in the end zone — and Arizona’s running game once again failed to get going.Yet, when the clock reached 0:00, it was the Cardinals on top, and an optimist would look at things and feel good about the team being able to win — on the road — even while playing poorly.Still, Keim said he would like to see his team look better in wins. “All these players are guys you’ve evaluated and you have expectations of, and when they don’t play well and they don’t live up to their expectations it’s extremely frustrating,” he said. But again, a win is a win, and at 2-2 the Cardinals are in decent shape one quarter of the way through their schedule. They are a blown fourth-quarter lead in St. Louis away from being 3-1, but could also have been 1-3 had it not been for a fourth-quarter comeback against a winless team in Tampa.“Style points weren’t so high [Sunday], but when you come back on a flight for four hours and you’ve got a W in your pocket, I think at the end of the day you’ll take it,” he said. – / 19 Top Stories Grace expects Greinke trade to have emotional impact Your browser does not support the audio element. In the NFL, there’s really no such thing as a bad win. Teams have just 16 chances to earn them, meaning each opportunity to leave a game victorious is not to be taken for granted or apologized for.So, while the Arizona Cardinals’ 13-10 win over the Tampa Bay Buccaneers Sunday was hardly pretty or memorable, it was, in fact, a win. “We played poor for three-and-a-half quarters, and a lot of it, obviously, was self-inflicted,” Cardinals GM Steve Keim told Arizona Sports 620’s Doug and Wolf Monday. “And I’m sure the fans are getting tired of hearing that, but when you go back and evaluate the tape, it really is.” Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 0 Comments   Share   Former Cardinals kicker Phil Dawson retires LISTEN: Steve Keim, AZ Cardinals GM last_img read more

Airbeem has appointed the former CTO of Ericsson B

first_imgAirbeem has appointed the former CTO of Ericsson Broadcast and Media, Steve Plunkett, to its board of directors and has hired former Comcast executive, Tim Clement, as vice-president of sales.Steve PlunkettPlunkett, who left Ericsson earlier this year, will advise Airbeem on its technical growth and strategy and brings more than two decades of experience in the media, telecoms and internet industries to the role.Clement joins Airbeem from Comcast Technology Solutions, where he was director of customer success for international customers. In this role he helped partners build their over-the-top (OTT) services, working with clients across Europe, the Middle East and Africa.“One of Airbeem’s key strengths is our consultative approach to working with content owners to build and monetise their OTT platform using our off-the-shelf technology,” said Airbeem CEO, Steve Hardman.“Both Steve and Tim bring real industry knowledge helping our clients plan and devise OTT services that will attract and keep audiences engaged in their service.“Steve’s insight into future technology developments, particularly around the delivery of OTT content, will be invaluable to Airbeem. Tim has worked with hundreds of content owners building OTT services and his consultative approach will be a real asset to content owners who want to use our products.”Plunkett joined Red Bee Media as chief technology officer in 2009 and continued after it was acquired and integrated into Ericsson in 2014, leading Ericsson Broadcast and Media’s technology and data strategy, platform development, R&D, industry engagement, and innovation.Previously he was chief architect for the future solutions group of Motorola EMEA and he has also held senior positions at multi-nationals including Citibank, JP Morgan, and Mercedes Benz.Clement joined Comcast Technology Solutions in 2016, prior to which he held senior sales roles at Ooyala and Oracle.Airbeem provides an end-to-end content distribution and video platform that is designed for media companies, sports brands, broadcasters and content owners to create their own online video channels.last_img read more

And one cartoon on Spain that pretty much says it

first_imgAnd one cartoon on Spain that pretty much says it all…One more thing before I go: there are a few new Casey Phyles forming around the country, including ones in central Connecticut; Orange County, CA; and Sonoma County, CA. Looking at the list above of taxpayer burden with Connecticut dead last and California only nine slots higher, I imagine these Phyles will have plenty to talk about. If you’re interested in getting in touch with any local Casey Phyle, send an email to phyle@caseyresearch.com.That’s it for today. Thank you for reading and subscribing to Casey Daily Dispatch. Dear Reader,Vedran Vuk here, back at the helm filling in for David Galland. I’ve been away for a few weeks, visiting my grandparents in Croatia and spending a little bit of time on the Croatian coast. From the trip, it was apparent that the economic crisis was having a toll on the local tourism industry. It’s not absolutely dismal, but I would hardly call the Adriatic coast packed for this time of year.In the US, we seem to live in a strange dimension separate from our economic realities. The headlines report weak economic conditions, yet the restaurants and shopping malls are nearly always packed. In Croatia, this was not the case. The restaurants weren’t completely empty, but it was certainly difficult to find one more than half full, even during the busiest hours.The picture above is one of the worse-case scenarios. Here I am visiting the Roman coliseum in Pula, Croatia. It’s one of the only completely intact Roman coliseums from around the time of Christ. Besides myself, there is only one couple sitting all the way in the back to my right. When there are more people sipping cappuccinos at the local café than tourists visiting the 2,000-year old coliseum, you could say that tourism is slightly off.From what I gathered from the locals on the coast, the main problem seems to be the meltdown in Italy. With Italy so nearby, many of the wealthy regularly take their yachts over to Croatia. During my visit, I made one trip to Italy via boat; from Porec in Croatia to Venice was about a 2.5-hour boat ride. Due to Italy’s proximity, the large difference in prices between the two countries, and crystal-clear waters (such as those on the island Cres shown above, which I visited), Croatia is quite a hot spot for Italians.It wasn’t so much other nationalities toning down the tourism; the locals specifically pointed out the lack of Italians. Perhaps things are worse in Italy than the media has revealed with its gaze focused on Spain and Greece. Then again, you don’t want to read too much into the stories of locals, but you certainly don’t want to ignore them altogether either.First up today, I’ll have an article explaining who wins and who loses when inflation hits. I’ll give you a hint: you and I are usually not among the winners. Then I’ll discuss some tables sent by David Walker, the former Comptroller General of the United States. And finally, I’ll touch on the subject of finance degrees. Is it really the worst possible major to study in this economic environment? As someone who just finished a master’s in finance, I suppose that I should know.Why Wall Street Loves Low Interest Rates and InflationBy Vedran Vuk, Senior AnalystWall Street and Main Street often have extremely divergent views on inflation. Talk to the average Joe about inflation and he’s very concerned, even when inflation is low. Listen to a Wall-Street guru, and they’re almost certain to downplay inflation. Why is there such a difference of views?What most people don’t understand is that inflation is all about timing. Prices don’t rise simultaneously across the economy. Consider this analogy. Imagine that there’s a printing press giving away a wheelbarrow of cash to whomever wants it. Naturally, printing a pile of money will lead to inflation; however, all the money doesn’t enter the economy at the same time. The first guy to get his wheelbarrow of cash is pretty well off. He can go to the market and purchase items for normal prices. As more and more people show up with their wheelbarrows of cash, prices will rise. Hence, the last guy in line for his wheelbarrow of cash is not in the same position as the first person was. By the time the printing press gets to the last person, that wheelbarrow of cash won’t be worth very much – but to the first person, it can be a fortune.In real life, the person earning a regular salary is way at the back of the line, while the banks, big corporations, and folks on Wall Street are toward the front of the line. Naturally, those toward the front of the line have no problem with this state of affairs.Let’s look at two ways this works. First, suppose the Fed lowers interest rates, which pulls down borrowing rates across the board. Ultimately, low rates will lead to higher inflation, which is bad for you and me. But if you’re a big corporation like General Motors and you’re looking to finance building a new plant, it sounds great. General Motors can borrow the money at a cheaper rate today, and it can use the borrowed money to build a plant before inflation filters through the economy. Essentially, it can get in the front of the line with its wheelbarrow.The second way Wall Street benefits is through the adjustment of interest rates to inflation. If the market is expecting higher inflation, bond rates must rise to compensate investors for the expected inflation. So if inflation is expected to be 5% next year, bond rates will adjust higher for the anticipated inflation.Bond traders and banks – earning their profits through interest rates – immediately adjust for inflation. Unfortunately, our paychecks don’t adjust anywhere close to immediately. Our wheelbarrows are way down the line. If inflation is expected to be 5% next year, how much will your paycheck change today? For the vast majority of us, the answer is 0%. Our employer is not going to change our wages simply because Wall Street analysts have anticipated higher inflation the following year.For the average Joe, it’s going to take a long time for the paycheck to catch up to inflation – if it ever does. First, prices and your employer’s revenues have to rise before things filter down to your paycheck. The average worker only gets a higher paycheck after inflation has already kicked in. Banks dealing in interest rates get their adjustments before inflation ever kicks in. Is there any wonder now why Wall Street isn’t particularly concerned about inflation and low interest rates?But are the banks always the winners, while we’re always the losers? No, not necessarily. Sometimes we can jump to front of the line as well… or at least, the banks can let us cut in. If the Federal Reserve just lowered rates and you managed to borrow money to purchase a sizable home, then you’re in the same position as General Motors in the previous example. You’re getting some money prior to everyone else. That’s pretty much what happened with people purchasing homes at the beginning of the last decade. It’s hard to argue that those early buyers didn’t benefit from the Fed’s policy – many of them are still above water on their homes.So, while we think about inflation as something affecting all prices, we have to remember that price changes don’t happen all at once. A few people are at the front of the line for new cash, while the vast majority of us are toward the end. Where you’re standing in that line more often than not forms your opinion on the process… but you may not recognize where you were in the line until several months have passed.Fiscal Responsibility Locally and NationallyBy Vedran VukDavid M. Walker, the former Comptroller General of the United States and CEO/founder of the Comeback America Initiative (CAI), sent over some interesting tables. The first is the Sovereign Fiscal Responsibility Index (SFRI), the result of a six-month-long master’s thesis project completed under Walker’s guidance by a team of students from the International Policy Studies (IPS) and Masters in Public Policy (MPP) programs at Stanford University. The SFRI ranks countries by fiscal responsibility through quantitative and qualitative measures. The three major components are:Fiscal Space – how much debt is too muchFiscal Path – projected levels of future debtFiscal Governance – a score for a country’s fiscal rules, fiscal transparency, and fiscal enforceability (Click on image to enlarge)There are a few interesting points to take away here. First of all, notice some of the “bedfellows” near the US in the rankings: Greece, Portugal, Ireland, and Italy. Hungary is down there also; it’s another troubled country, but it isn’t getting as much press since it lacks a tie to the euro. Japan is down there with us too. Certainly, this is not good company to keep.What’s even more intriguing is some of the unexpected countries at the top of the list. For example, Sweden and Estonia are in the top five, but are likely not places that immediately come to mind for fiscal responsibility. China is all the way up at fifth place, a particularly interesting position. When most people think of spending in China, thoughts of the infamous empty cities immediately come to mind. However, this doesn’t necessarily mean China is completely out of control. When we see an empty city, we can obviously see the waste. However, when a country pays federal government employees six-figure salaries and drops millions of dollars’ worth of bombs on several countries every single day, the spending can be considered just as wasteful, but perhaps less obvious.The next table is from the Institute for Truth in Accounting, whose mission is to present nonpartisan analysis and information, and to induce the federal government to produce financial reports that are understandable, reliable, transparent, and accurate. The rankings below represent the portion of each state’s debt and unfunded obligations that belong to each taxpayer:(Click on image to enlarge)Once again, there are a few surprises worth thinking about here. I’m not shocked to see New Jersey, Illinois, and California in the bottom ten. But who thought Kentucky would be 46th on the list? Some other areas of concern are West Virginia at 44th place and Mississippi at 37th. Considering that those latter two states are among the poorest in the country, their debt burdens might be even harder to carry than for other states with more total debt. This is definitely interesting data worth thinking about deeply.Once again, I thank David Walker for these tables. David will be one of our keynote speakers at the upcoming Casey Research conference in Carlsbad, California. Its theme is “Navigating the Politicized Economy,” and it will run September 7-9. I’m sure that with his background and experience as the Comptroller General of the United States for a decade, he will have more than a few things to say about our exploding debt situation and politicized economy.Along with Doug Casey and others from the Casey Research team, we’ll have a number of thought-provoking speakers. They include Lacy Hunt, executive vice president of Hoisington Investment Management Company, a bond fund firm managing over $5.8 billion (he was voted our most popular presenter at the last Casey summit). G. Edward Griffin, the author of the famous Fed-bashing book The Creature from Jekyll Island, will also be there, as well as many others on our expanding faculty list.Is Finance the New English Degree?By Vedran VukMany commenters have pointed out that it’s a horrible time to get a degree in finance. Some, like Jim Rogers, have even suggested that it’s better to go into farming than finance. Well, there’s some truth to this, but it’s not all gloom and doom for the sector.In many ways, the finance degree has become the new English degree – and I do specifically mean English, rather something such as art history, music performance, or political science. Unlike those degrees, English isn’t really a useless degree at all. In fact, it’s very useful. Being a company that produces several investment newsletters, you can imagine Casey Research’s need for someone who understands the ins and outs of sentence structure and grammar. But every corporation needs the same type of people. Whether it involves creating websites, writing technical manuals, or constructing annual reports, every firm needs an English major at some point in its production process. The same can’t be said of the art historian or the sociologists.So why do English majors get so much hatred from people, and why are they often grouped with truly useless degrees? Though an English major is useful, it is probably the most disappointing degree out there. Think about the problem here. During college, students of English take creative-writing classes and read dozens, if not hundreds, of books by the greats, including Hemingway, Faulkner, Shakespeare, etc. Students train to become the next literary giant, but the realities of the world force them into much different roles. More often than not, their opus is the 2012 company annual report rather than next “great American novel.”Almost every English major enters college wanting to be a writer, but only a handful ever make become household names at it. Very few individuals enter an English program wanting to write and edit technical papers. So, while there are jobs available for English majors, it’s hardly what most had in mind. In fact, I have many friends with English degrees who simply refuse to even look for certain sorts of jobs. They would rather be waiters or serve coffee than be well-paid editors at major corporations. I guess the former professions are romantic in their eyes, giving them the kind of life experience that feeds the muse.Today, finance degrees have essentially the same problem. Students are trained in mergers & acquisitions, equity valuations, and the pricing of exotic derivatives – much like English majors are trained in creative writing and analyzing the greats of literature. Similar to the English majors, the finance students won’t use any of this training in mergers, derivatives, etc. The jobs in investment banking, equity research departments, trading floors, and mutual funds are long gone. Even students at the top of their classes would be lucky to get one of these positions.Does this mean that the finance degree is useless? No, not at all. If you’re willing to be the accounts receivable guy at the local widget factory, there’s plenty of work. Furthermore, it’s not difficult to find jobs in the boring sectors of a bank, such as operations or compliance. Just like every firm needs something written, everyone needs people to look after the accounting books or to perform the menial tasks of a large financial institution. But most finance students can just forget about the sort of high-powered “lord of finance” positions that they spent their B-school years drooling over. One’s chances of writing the next great American novel are often better than getting one of those positions. Finance has not fallen to the level of the art history degree, but it’s certainly not what it used to be.Would I discourage someone from getting a finance degree today? Not necessarily. As long as they realize that their future likely involves working in a dry accounting department rather than making big moves in a trading pit, then it’s still a viable option. In the long run, this could be a very good change for the whole financial sector. The glamour of working in high finance attracted all the wrong people to the field. We could certainly use some number-crunchers who want nothing more than a decent paycheck and steady job. The need for financial professionals isn’t going away anytime soon, but the field is about to get a whole lot less exciting than it has been in the past few decades.Friday FunniesHere’s a few funny cartoons from Shaaark!last_img read more

Dear Reader Vedran Vuk here filling in for David

first_imgDear Reader,Vedran Vuk here, filling in for David Galland. Today I’ll start with a commentary on the financial news cycle. It seems that every few quarters we get a repeat of the same stories. Then I’ll discuss a warning sign to be alert for when considering high-dividend stocks to buy. Next I’ll share a map of Gaza and Israel which reveals much about the conflict. And last, I’ll share some funnies from The Onion.But before I begin, I want to remind you that Doug Casey has just published a new book, Totally Incorrect. It’s a compilation of Conversations with Casey interviews with Doug that have appeared in past Casey Daily Dispatch issues.Doug covers a wide variety of topics in the book, including terrorism, voting, health, WikiLeaks, World War III, and – of course – the economy and investing.It’s an enlightening, thought-provoking, and downright fun read that I’m sure you’ll enjoy.The Never-Ending ParadeBy Vedran VukAs I’m currently living in a fairly small Texas town, I don’t have the pleasure of seeing any of the bigger holiday parades in person. Let me describe the local parade from last year. My friend and I got to the venue early and patiently waited for it to start. First, a haphazardly assembled float came by, followed by a horrendous cacophony from the local marching band, and then a few people passed waving from their convertibles… then another excuse for a marching band and a couple more floats slowly made their way past the crowd.Altogether, the parade must have been less than ten minutes. As last float passed by, we stood there dumbfounded along with the rest of the crowd. Was that it? Perhaps a trailer had broken down and held up the rest of the parade, cutting it into two parts. The rumors and possibilities filled the crowd’s conversation. After about 15 minutes, someone yelled, “Look, there’s the rest of the parade!” The crowd cheered as they saw lights way down the street. Everyone’s lively mood was restored.But as the parade drew closer, discontent swept the crowd again. I didn’t understand why until the parade had come closer still – it was the exact same group that had passed earlier. The parade had just gone around the block and essentially made a big circle!Doesn’t this sound just like the financial news for the past four years? It’s the same parade making its way around the block. And somehow, we’re hopelessly duped into coming out in the cold to watch it every year.First up in the parade is the threat of Obama’s regulations ending the world. Some shriek in fear and others in joy as he leads the parade. Then the band of Fed officials trumpets another round of quantitative easing. Again, members of the crowd shout out in excitement. Don’t forget our other revelers such Portugal, Spain, Greece, and the rest of the PIIGS dragging their feet in the parade. Of course, there are also the debt-ceiling and fiscal-cliff themed floats. And then there are the Middle East drums of war setting the rhythm for more panic. To top it off, finish with a Chinese dragon growing slower and weaker in its movements.And just like my local, small-town parade, this one doesn’t pass around once, but comes back for a second and third time. While some floats disappear around the bend, it’s only a matter of time until they show up on the other end of the street. Every few quarters, there’s a meltdown in Europe, and then it goes away… only to repeat. Every few quarters, there’s an event in the Middle East that promises to end the world: the Arab Spring; an Iran conflict; rockets from Gaza… and then it goes away. When there are bigger problems at hand, the fiscal cliff and debt issues vanish, but as soon as there is a lull in the news, they come roaring back. Fears of a Chinese slowdown have been in and out of the news since the 2008 crash. And the only reason no one mentions the Fed lately is because the fiscal-cliff float is currently passing by. As soon as the can is kicked down the road again, attention will redirect toward the Fed.I’m trying to recall any issues which have completely have left the parade… maybe only Ireland and Iceland have done so. There’s almost no media coverage of those two troubled countries these days. Everything else continues in a never-ending loop – a horrid merry-go-round of economic problems.So what can one do about this dreadful parade? First of all, stay home. Don’t get yourself sick standing out on the cold with your eyes peeled for the next float. You can do yourself a favor by tuning out much of the news. If QE3 didn’t fix the problem, guess what… QEs four and five won’t either. If the millionth European bailout hasn’t fixed the problem, the billionth won’t. It’s just another loop in the parade – don’t get too excited about the media’s overblown crises.Does this mean that you should live carefree and turn into a bull on the market? No, not at all. The economy is still in incredibly poor shape. Stick to good defensive equities, a strong allocation to precious metals, and keep some cash safe on the sidelines. Keep your eyes on the big picture rather than focusing on the float parading in front of you at the moment. A good example is the current fiscal cliff. Suddenly everyone is hysterical over the issue, but is the US’s fiscal situation really any different than it was six months ago? The big-picture problem is our never-ending addiction to debt. The fiscal cliff is a short-term symptom of the larger problem. If you can keep your eyes on the bigger problems, you can always be prepared for the worst while also avoiding the stress of the most recent “terror” in the financial news.A Warning Sign on High-Dividend StocksBy Vedran VukA lot of people are pushing high-yield stocks these days, so it’s extra important to differentiate the good from the bad. I’m not going to cover every single warning sign of high-dividend-paying stocks in today’s article, but I will touch on one of the most overlooked red flags: a high dividend matched with a weak credit rating. I can already see some of our longtime readers rolling their eyes here and saying, “We get it: the higher the return, usually the higher the risk.” Of course that’s true, but this simple risk-and-reward trade-off is not what I’m going to discuss today.The problem with stocks with high dividends and a low credit rating is a strategic and theoretic problem. It is not as simple as the risk-reward relationship.To start, let’s answer this basic question: “Why should a company pay a dividend?” If your answer is, “To provide shareholders with a return,” you’re halfway right, but also wrong. Companies should pay dividends when they have nothing better to do with the money. If a company has a great idea for a new project which could safely make a 20% return on the money invested, the firm should start that project. You don’t want a company paying out its excess cash in the form of dividends just to appease shareholders searching for yield – that’s short-term thinking. The whole point of investing is to have a company grow your assets.Now, companies don’t always have blockbuster idea after blockbuster idea, so it’s a good thing that dividends are paid out. You don’t want cash just sitting on the balance sheet doing nothing – or even worse, getting eaten away by inflation. The money is better in your hands, if the company has no projects with greater returns than what you could safely earn on your own.The problem with companies with low credit ratings is that they always have a worthwhile place to use the money, i.e., paying off the debt. Even if a company doesn’t have a project earning 20% returns, it can save their shareholders 6% or 7% by paying down the debt early, rather than paying out a dividend.As a result, if a company pays dividends despite debt problems, there’s a strategic problem with how the company is run. It’s paying shareholders to appease them, rather than fixing the company’s debt and liquidity situation which would benefit the shareholders more so in the long run. This is more problematic than a simple ratio of two things on a balance sheet. Paying high dividends while faced with bad credit speaks badly of the company’s strategic planning.Now, as I said initially, this is a warning sign – it is not a litmus test. There are circumstances where a company can have a weak credit rating and a high dividend. For example, if the debt is relatively new or the company is going through a temporary rough patch, it might make sense to keep a dividend high and stable. Suppose a company raised a lot of debt for a takeover. Its credit rating might be suddenly very bad, but it shouldn’t want to change the dividend, as the situation is transitory. Typically, lowering a dividend sends an extremely negative signal to the market about the company’s long-term prospects. So, paying off the debt by lowering the dividend might send a signal to the market which does more damage than good.Another situation where this might be acceptable is when a company doesn’t foresee any major capital expenditures in the near future.  A bad credit rating only really hurts if you’re issuing new debt. If there’s no new debt, then it’s not such a big problem. A smooth dividend might be seen as more attractive than slightly improving the company’s credit when there are no plans for raising capital.These are just a few exceptions; you really have to get in the details of the company to make sure that everything is all right. It’s also important to make sure the company has a low payout ratio if it already has a low credit rating. However, the most important takeaway is that when you see a stock with a high dividend and a low credit rating, you’ve spotted a flag that needs more investigation. This doesn’t warrant immediately dropping the stock, but you definitely need extra due diligence on the pick.A Map Is Worth a Thousand WordsBy Vedran VukRecently, I was looking around the world on Google Maps, as I often enjoy doing. I came across an area which I hadn’t examined closely beforehand: the border between the Gaza Strip and Israel. You may have heard a lot about the conflict, but the picture below might be worth more than a thousand articles on the subject matter.Notice that I took off the labels from the map. I’ll let you guess where Gaza starts and Israel ends.(Click on image to enlarge)Just by looking at this map, it’s easy to imagine why some of those young Palestinians are so upset. I’m not saying that the conflict is entirely an economic issue, but I would bet if the left side of the map looked a lot more like the right side, you’d probably have about 75% fewer young Palestinians ready to fire rockets at Israel.When people are gainfully employed and living reasonably well, it’s a lot harder to get them to follow extreme causes. There are plenty of parts of the world where ancient animosities are present, but because of an economically satisfactory environment, no one is taking up arms – i.e., Northern Ireland, Scotland, the Basque. I know what you’re thinking: Ireland and Spain aren’t doing that great. Sure, but if I had the choice between living in Gaza or Ireland, it wouldn’t be a tough decision.It’s easy to see that the Arab Spring was inseparable from economics as well. Do you really think any uprisings would have happened if the populations of Egypt, Syria, and Libya were living the typical American lifestyle, worrying about Christmas shopping and Black Friday sales? I think not. Or what about Western conflicts such as World War II? Without hyperinflation devastating the German economy, I would find Hitler’s rise to power somewhat more challenging to accomplish.Unfortunately, our foreign policy ignores the economic factors much of the time. In fact, our solution to aggressive countries is often to economically isolate them even more through sanctions. When people have nothing to lose, one doesn’t have to give up much to join a radical movement of some sort. Considering that the global economy is still in a rut, this doesn’t bode well for the future of peace over the next few years.Friday FunniesIn today’s Friday Funnies, I want to introduce our readers not yet familiar with it to an extremely funny political satire website called The Onion. Sometimes the writers can push the satire a little too far, but they also knock it out of the park on a regular basis.You may have recently heard about the website’s most recent spoof. The Onion named Kim Jong-Un, the dictator of North Korea, as the sexiest man of 2012. Here’s what The Onion had to say:“With his devastatingly handsome, round face, his boyish charm, and his strong, sturdy frame, this Pyongyang-bred heartthrob is every woman’s dream come true. Blessed with an air of power that masks an unmistakable cute, cuddly side, Kim made this newspaper’s editorial board swoon with his impeccable fashion sense, chic short hairstyle, and, of course, that famous smile.”The award itself is hilarious, but the really funny part is that a newspaper in China didn’t get the joke. Its staff thought it was a real award and published a 56-photo gallery of the dictator. Read all about the hilarious fiasco.In honor of The Onion‘s recent well-played joke, I’ve included two more of their very funny spoof videos.Recession-Proof Jobs Include Any in Which You Witness Your Boss Kill SomeoneHere’s a great C-SPAN spoof: Congressmen Submit Emergency 3 AM Bill Demanding IHOP Stay Open All NightBefore we wrap up today, I want to mention that there are two new Casey Phyles starting, one in New York City, and the other in in the Otsego and Delaware county area of New York state. If you’re interested in either of them or in seeing if there’s a phyle near you, send an email to phyle@caseyresearch.com.Last, I talked with David Galland earlier this week, and he’s all settled into his new place in Argentina. Unless something unexpected happens, he should be writing the Daily Dispatch next Friday. I’ve enjoyed our time together. Thank you for reading and subscribing to Casey Daily Dispatch.Vedran VukCasey Senior Analystlast_img read more

One of the most common reasons patients head to an

first_imgOne of the most common reasons patients head to an emergency room is pain. In response, doctors may try something simple at first, like ibuprofen or acetaminophen. And, at least up until recently, if that isn’t effective, the second line of attack has been the big guns.”Percocet or Vicodin,” says Dr. Peter Bakes, an emergency medicine specialist at Swedish Medical Center in Englewood, Colo. “Medications that certainly have contributed to the rising opioid epidemic.”Now though, physicians are looking for alternatives to help reduce opioid use and curtail potential abuse. Ten Colorado hospitals, including Swedish, participated in a six-month pilot project called the Colorado Opioid Safety Collaborative, aimed at cutting their use of the prescription painkillers. Launched by the Colorado Hospital Association, the project is believed to be the first in the nation to include this many hospitals in such an effort.The collaborating ERs hoped to reduce their opioid use by 15 percent. Instead, Dr. Don Stader, an emergency physician at Swedish who helped develop and lead the study, says the institutions did much better — cutting their use of the drugs by 36 percent, on average.”It’s really a revolution in how we approach patients and approach pain,” Stader says, “and I think it’s a revolution in pain management that’s going to help us end the opioid epidemic.”The overall decrease amounted to 35,000 fewer opioid doses than were prescribed during the same period in 2016.Their strategy calls for coordination across providers, pharmacies, clinical staff and administrators. And it introduces alternative procedures — using nonopioid patches for pain, for example. Another innovation, Stader says, is using ultrasound to help guide targeted injections of nonopioid pain medicines.Rather than opioids, such as oxycodone, hydrocodone or fentanyl, Stader says, the doctors now try to use safer and less addictive alternative medicines, like ketamine and lidocaine, an anesthetic commonly used by dentists.Lidocaine was by far the leading alternative; its use in the project’s ERs rose 451 percent. Ketamine use was up 144 percent.Meanwhile, the use of methadone dropped by about 51 percent and oxycodone prescriptions dropped 43 percent. The use of codeine was cut 35 percent and fentanyl’s use dropped by roughly 11 percent.”We all see the carnage that this opioid epidemic has brought,” Stader says. “We all see how dangerous it’s been for patients, and how damaging it’s been for our communities. And we know that we have to do something radically different.”Claire Duncan, a clinical nurse coordinator in the ER at Swedish, says the new approach has required intensive training of health care providers. She says she was surprised by the pushback from patients.”They say ‘only narcotics work for me, only narcotics work for me,’ ” says Duncan. “Because they haven’t had the experience of that multifaceted care, they don’t expect that ibuprofen is going to work, or that ibuprofen plus Tylenol, plus a heating pad plus stretching measures — they don’t expect that to work.”The program requires a big culture change, Duncan says, encouraging staff to change the conversation from pain medication only, to ways to treat pain that help patients better understand and cope with it.Emergency medical workers are all too familiar with the ravages of the opioid epidemic. They see patients struggling with the consequences every day. But Bakes, the ER doctor at Swedish, says this project has changed many minds, empowering health care professionals to combat an opioid crisis they unwittingly helped create.”I think that any thinking person — or any thinking physician, or provider of patient care — really felt to some extent guilty, but powerless to enact meaningful change,” Bakes says.The pilot project has proven so successful that Swedish and the other emergency departments involved will continue the new protocols and share what they’ve learned. Stader says the Colorado Hospital Association plans to help spread the word about opioid safety, too; he expects to see the new strategies adopted statewide by year’s end.”And I think if we did put this into practice in Colorado, and showed our success,” he says, “this would spread like wildfire across the country.”The 10 hospitals that took part in the Colorado collaboration were scattered all over the state — Boulder Community Health; Gunnison Valley Health; Sedgwick County Health Center; Sky Ridge Medical Center; Swedish Medical Center; UCHealth Greeley Emergency and Surgical Center; UCHealth Harmony Campus; UCHealth Medical Center of the Rockies; UCHealth Poudre Valley Hospital and UCHealth Yampa Valley Medical Center.This story is part of NPR’s reporting partnership with Colorado Public Radio and Kaiser Health News. John Daley can be found on Twitter @CODaleyNews. Copyright 2018 CPR News. To see more, visit CPR News.last_img read more

Tiny Fighting Worms Make One of the Loudest Sounds in the Ocean

first_imgHeadbutting Tiny Worms Are Really, Really LoudThis rapid strike produces a loud ‘pop’ comparable to those made by snapping shrimps, one of the most intense biological sounds measured at sea.Volume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Better Bug Sprays?01:33 facebook twitter 发邮件 reddit 链接https://www.livescience.com/65945-tiny-worms-emit-loud-noise.html?jwsource=cl已复制直播00:0000:3500:35Your Recommended Playlist01:33Better Bug Sprays?01:08Why Do French Fries Taste So Bad When They’re Cold?04:24Sperm Whale Befriends Underwater Robot00:29Robot Jumps Like a Grasshopper, Rolls Like a Ball00:29Video – Giggly Robot02:31Surgical Robotics关闭 Tiny, feisty worms that live off the coast of Japan fight by headbutting each other — and they aren’t quiet about it. During these feuds, the worms emit one of the loudest sounds in the ocean, according to a new study. The source of the underwater hullabaloo is a nearly transparent segmented worm called the Leocratides kimuraorum, which lives inside sponges 279 to 554 feet (85 to 169 meters) deep off the coast of Japan. [The 12 Weirdest Animal Discoveries]Advertisement These wigglies are just a tad more than an inch (29 millimeters) long and have lengthy tentacles and a big mouth (literally). These seemingly quiet creatures revealed their true nature under the spotlight in the lab. A group of researchers used an instrument called a hydrophone to record 15 pops that were emitted from three kimuraorums as they were fighting. In a marine feud researchers dub “mouth-fighting,” the worms approached each other headfirst with their mouths open. During such encounters, the worms’ pharynx muscles expand rapidly, creating a cavitation bubble that collapses and produces a loud “pop” while the worms launch into each other. The researchers found that these pops can reach 157 decibels in the water (which is a different measurement than decibels in the air). From right next to the water tank, the pops sounded like humans snapping their fingers, lead author Goto Ryutaro, an assitant professor at Kyoto University told Live Science. “Though they probably sound louder if you hear them in the water.” The worms are as loud as snapping shrimps, which are one of the biggest noisemakers in the ocean, the authors wrote. What’s more, they found that these worms did not make any noise when simply disturbed, they only did so when they were fighting. They “may use mouth-fighting to defend territory or living chambers from other worms,” the authors wrote July 8 in the journal Current Biology. “A loud pop may be a byproduct of the rapid mouth attack, but it may also aid intraspecific communication.” A loud noise could somehow determine the victor of the fight or even reveal the whereabouts of nearby worms, they wrote. Strange Love: 10 Animals with Truly Weird Courtship Rituals The 10 Strangest Animal Discoveries Originally published on Live Science.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 min and see why everyone is addicted!Vikings: Free Online GameUndoBeverly Hills MDHow To Fill In Wrinkles At HomeBeverly Hills MDUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoGundry MD Total Restore SupplementU.S. Cardiologist: It’s Like a Pressure Wash for Your InsidesGundry MD Total Restore SupplementUndoKelley Blue Book2019 Lexus Vehicles Worth Buying for Their Resale ValueKelley Blue BookUndoLivestlyThe List Of Dog Breeds To Avoid At All CostsLivestlyUndo 13 Extremely Weird Animal Feetlast_img read more

Action in Andhra Pradesh polls low voter turnout in TelanganaAction in Andhra

first_imgApril 11, 2019 SHARE SHARE EMAIL RELATED Lok Sabha elections 2019: Voters turn out in large numbers in 1st phase Incidents of violence, malfunctioning of EVMs and a high voter turnout marked polling in Andhra Pradesh (AP), where simultaneous elections were held to the Lok Sabha and State Legislative Assembly on Thursday.The eletions to 25 Lok Sabha seats and 175 Assembly seats is seeing a bitter contest between the ruling Telugu Desam Party (TDP) led by N Chandrababu Naidu and Opposition Leader YS Jaganmohan Reddy of the YSR Congress, with the two national parties — Congress and the BJP pushed to the sidelines.Pawan Kalyan’s Jana Sena Party can play a key role in several constituencies.According to Gopalakrishna Dwivedi, the Chief Election Officer, the polling percentage in AP by 6 pm was 74 per cent and may go up to 80 per cent. In areas where clashes took place, he said a decision would be taken on Friday whether there should be a re-poll or not. At seven places, EVMs were damaged by unruly elements belonging to different parties or others and cases were booked against them.In 2014, the State reported 78 per cent polling.In Telangana, elections to 17 Lok Sabha seats were held. The polling percentage was 60.67 per cent. Voting was sedate and marked by a low turnout in many constituencies with Hyderabad and Secunderabad reporting less than 50 per cent as per latest reports.Action in 4 of 13 districts in APIn four of the total 13 districts — Guntur and three Rayalaseema districts of Kurnool, Anantapur and Chittoor — there were violent clashes at several places between the ruling TDP workers and the opposition YSR Congress workers, resulting in the death of a TDP worker in Anantapur district and injuries to others. Several YSR Congress workers were also injured in these incidents and the death of a YSR Congress worker was also reported, but it was not confirmed.In Guntur, the AP Assembly Speaker Kodela Sivaprasada Rao was allegedly assaulted by YSR Congress workers in Sattenapalli constituency.Naidu condemns attackRao told reporters that he had gone to the booth on hearing reports of rigging by YSR Congress workers. Chief Minister N Chandrababu Naidu condemned the attack on Speaker Kodela Sivaprasada Rao and said, “The YSR Congress stands totally exposed. They are resorting to such tactics to reduce the polling percentage and scare away women voters, who are coming out in large numbers, which they fear is disadvantageous to their party”.Vasireddy Padma, the spokesperson of YSR Congress, alleged that it was the ruling TDP workers who instigated and attacked YSR Congress workers in the Anantapur incident.‘Scaring voters’She also rebutted the contention of the CM and the Speaker that the YSR Congress was trying to scare away the voters from booths. “They are preparing excuses for their impending defeat, trying to create a scare,” she alleged.For more stories on the Lok Sabha elections click here : Elections 2019 SHARE COMMENT Elections 2019 national elections Published on Telangana COMMENTS Andhra Pradesh Long queues of voters at a polling station at Dr VS Krishna Government College in Visakhapatnam on Thursday.   –  The Hindu/ CV Subrahmanyam AP sees violent clashes between TDP and YSRC workerslast_img read more

DoE moves in at Pasir Gudang

first_img Related News Nation 11 Jul 2019 DOE’s gas detectors not suitable for schools, says MCA {{category}} {{time}} {{title}} Related News Wan Abdul Latiff said besides monitoring the air quality, they would keep on checking all the factories that are currently operating in Pasir Gudang.He said on Thursday, a joint operation was held with agencies such as the police, Pasir Gudang Municipal Council, Land Office and Immigration Department to clamp down on illegal factories.“We raided three factories and one of them had their equipment seized.“The owners were ordered to stop their operations and all the three premises were sealed by the municipal council,” he said.“One factory was believed to be recycling used items such as plastics and oil. “Another was dealing with metals and the third was separating solid wastes,”Also present during the raids were Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin and state Local Government, Urban Wellbeing and Environment Committee chairman Tan Cheng Choon.Wan Abdul Latiff said there were more than 2,000 factories operating in Pasir Gudang.“Together with other enforcement agencies, we will be inspecting them one by one.“This is to make sure that all of them comply with the stipulated guidelines,” he said, adding that action would be taken against factories operating illegally.He added that although the initial target of inspecting 250 factories was almost achieved, the department would continue with more inspections.“We will continue to conduct as many (checks on factories) as possible. “I want to do more (than 250 factories),” he said.According to a posting on the DoE account on Facebook on July 11, the focus of the operations was on illegal factories.Besides the stop-work order, other action taken against these factories included cutting off electricity supply. Nation 08 Jul 2019 Round-the-clock air quality monitoring at Pasir Gudang schools Nation 11 Jul 2019 Why buy unsuitable gas detectors for Pasir Gudang, asks Wanita MCA Clean air: A drone sent in by the municipal council showing the air quality in Pasir Gudang has improved. — Bernama JOHOR BARU: The Department of Environment will continue to monitor air quality and factories in Pasir Gudang to prevent any pollution incident from happening again.State director Wan Abdul Latiff Wan Jaafar said there were many improvements since the placement of multi-gas detectors, which acted as an early warning system at all 111 schools in the area.“Based on the data we gathered from the schools, the air quality readings was between zero and one, which is good.“But we will still collect data regularly, including placing a better quality gas analyser machine, to gauge the air quality,” he said when contacted. last_img read more

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