Mueller report update What the special counsel said and how to read

first_imgIt’s been over a month since special counsel Robert Mueller’s report on the investigation into Russian interference in the 2016 election became available to the public, with a fair number of redactions. But today marks the first time Mueller spoke out on the report in a 10-minute public statement to explain why he won’t further testify to Congress on the report’s contents.”The report is my testimony,” said Mueller, a former FBI director. “I would not provide information beyond that which is already public in any appearance before Congress.”Mueller also announced his resignation from the Department of Justice and said the special counsel’s office is closing now that its investigative work is done.The 448-page report, available as a PDF for download from the Justice Department’s website, is the culmination of a high-profile, nearly two-year investigation that captured the attention of Americans and interested onlookers abroad. Beyond posing questions about the relationship between Russia and President Donald Trump’s campaign and whether they worked together to secure his victory, it also shined a light on how the US election system was vulnerable to manipulation from outside forces. The investigation came to an end on March 22 when special counsel Mueller delivered his report to US Attorney General William Barr.The bottom line: There’s no question Russia interfered with the 2016 presidential election and that its attacks on the US “deserves the attention of every American,” Mueller said Wednesday.Two days after receiving the report in late March, Barr sent a four-page summary to Congress with his conclusion the Trump campaign didn’t conspire with Russia on the interference and that Trump didn’t obstruct justice. On April 18, the Justice Department livestreamed a press conference — about an hour before the release of the redacted report — in which Barr stated that no conspiracy was found between the Russians trying to undermine the election and any Americans, including members of the Trump campaign.  But Barr’s summary and press conference has set off its own controversy, with Democrats and other critics of saying Barr misrepresented the findings and left the public confused.  More on the Mueller report Justice Department indicts 12 Russian cyberspies suspected… Now playing: Watch this: In the past two months, lawmakers have weighed in, with Democrats saying Barr showed bias toward Trump and Republicans saying the public release of the redacted report was a positive thing. Critics note details in the report paint Trump in a negative light. Although Mueller’s investigation didn’t establish conspiracy on the part of the president, it made no definitive determination on obstruction of justice. Barr’s March 24 letter quotes the Mueller report as saying that “while this report does not conclude that the President committed a crime, it also does not exonerate him” on the matter of obstruction. Barr has opted not pursue an investigation into the questions surrounding obstruction.The law doesn’t require the DOJ to release a report on a special counsel investigation. But the president indicated on March 20 he wanted the report released and said, “Let people see it.” Politicians from both major parties continue to insist that the full report, with a minimum of redactions, be released.What we know about the redactionsAt his April 18 press conference about the release of the Mueller report, Barr said there are “limited redactions” in the version of the report released to Congress and the public and that they are “clearly labeled.” He went on to explain that there are four categories of redactions in the report:Grand jury materialInformation that would disclose sensitive sourcesInformation that would impair other casesInformation that would implicate the privacy or reputation of third partiesHe also said that no redactions or recommendations for redactions were made by people outside the Justice Department and no redactions were made based on the president’s executive privilege. Top Democrats in Congress have called for the release of the Mueller report in its entirety. In a joint statement on March 24, Speaker of the House Nancy Pelosi and Senate Democratic Leader Charles Schumer said Barr isn’t a neutral observer and that his letter “raises as many questions as it answers.”On May 1, Barr appeared before the Senate Judiciary Committee to answer questions about the Mueller report, and he defended his March 24 summary and his overall assessment of the investigation. The day before the hearing, it was revealed that Mueller had written a letter to Barr saying, in part, that the attorney general’s summary “did not fully capture the context, nature and substance of this Office’s work and conclusions.”In the meantime, what Mueller found during his 675-day investigation could lead to a widening of the partisan divide in the US, with Trump supporters likely to view the final results of the Mueller probe as exonerating the president, while his detractors see the report’s contents and existing indictments as ample proof of wrongdoing.How to read the Mueller Report for freeYou can access Mueller’s report at the Department of Justice website. Since it’s in PDF format, you can download the file to your device for offline viewing or transfer it to another device like a phone, tablet or e-reader.You can also read the 448-page report directly here: Meanwhile, six Trump associates have been accused of crimes that include financial malfeasance and lying to investigators, and five of them have already been convicted or pleaded guilty. The most prominent are Paul Manafort, former chairman of the Trump 2016 campaign; Michael Cohen, a former Trump lawyer; and Michael Flynn, Trump’s former national security adviser. Mueller also has indicted longtime Trump political adviser Roger Stone over his alleged ties to WikiLeaks during the 2016 campaign. Why Trump is unlikely to be impeached With Trump himself unlikely to be indicted or subpoenaed and the Senate controlled by Republications, making it unlikely they would uphold a vote to impeach, impeachment had been deemed unlikely. Even before Barr’s summary to Congress, that option became even more unlikely when Pelosi stated in early March that she doesn’t support impeachment, saying that unless there’s overwhelming evidence, impeachment would become too partisan and divisive to make it worth dominating the agenda of Congress. But after Mueller’s May 29 press briefing, more than three dozen Democrats — and one Republican — have called for impeachment proceedings in the House of Representatives to begin.  Congressional investigations will continue Even without an impeachment effort, we will see more investigations. The House Intelligence Committee announced in February it was widening its probe into Russian interference in the 2016 US election. As CBS News reported, the committee’s chairman, Adam Schiff, a California Democrat, pointed out that a new addition to the five lines of inquiry would be “[w]hether any foreign actor has sought to compromise or holds leverage, financial or otherwise, over Donald Trump, his family, his business, or his associates.” Separately, the House Judiciary Committee has launched an investigation into whether Trump obstructed justice by firing former FBI Director James Comey.Schiff has also pushed for Mueller to appear before the House Intelligence Committee to testify about the investigation: What’s the backstory here?Mueller’s investigation has led to indictments of six of Trump’s advisers, along with 26 Russian nationals, including some on charges of hacking. Indictments against 12 of the Russians were tied to malware that infected the servers of the Democratic National Committee during the 2016 election campaign. The compromised servers enabled the theft of thousands of emails that were subsequently published by WikiLeaks. No new indictments were expected, according to CBS News. And long-running Justice Department policy means that it’s unlikely a sitting president would be indicted. In fact, Mueller specifically cited the department’s policy as the reason his office couldn’t even consider charging Trump with a crime.  The president wasted no time responding to Barr’s initial summary on March 24, tweeting: “No Collusion, No Obstruction, Complete and Total EXONERATION.” He has repeated that statement multiple times since then, though Mueller’s remarks on May 29 call into question the president’s summation of the report since Mueller’s team opted not to exonerate the president on possible obstruction charges. Said Mueller, “If we had had confidence that the president clearly did not commit a crime, we would have said so.”  In response, Trump criticized Mueller this week as a “never Trumper.” Originally published March 24. Updates, March 27: Adds Amazon listings; March 29: Adds information on when the report will go to Congress; April 9: Adds Barr’s statement on when he’ll send the report to Congress; April 15: Adds that DOJ will release the report on April 18; April 17: Adds information on the Attorney General’s press conference; April 18: Adds official link to the report and information about the redactions. April 19: Adds background information. May 1: Adds reference to Barr’s appearance at a Senate hearing. May 28: Adds news of Robert Mueller’s first public statement about the report. May 30: Adds additional comments from Mueller’s public statement and details around new calls for impeachment proceedings. Now playing: Watch this: No Collusion, No Obstruction, Complete and Total EXONERATION. KEEP AMERICA GREAT!— Donald J. Trump (@realDonaldTrump) March 24, 2019center_img AG Barr: Trump campaign did not work with Russia in election… 1:45 1:59 The House Intelligence Committee has formally invited Special Counsel Mueller to testify on the counterintelligence investigation.After a two year investigation, the public deserves the facts, not Attorney General Barr’s political spin. pic.twitter.com/PWIXvl7MLv— Adam Schiff (@RepAdamSchiff) April 18, 2019 Tags The facts on the Trump-Russia case How to read the Mueller report for free AG says no evidence of Trump collusion in report Findings will be delivered to Congress on CD, says report Memes all about being redacted for your amusement Security Why the Mueller report was released to the public In addition to the president, other top Democratic and Republican lawmakers have said they want the full report released. They include Pelosi, the Democratic leader of the House of Representatives, and Sen. Marco Rubio, a Republican from Florida.The Justice Department worked with Mueller’s team to redact certain information from the public version of the report. During his Senate confirmation hearings in January, Barr told senators he wanted to release as much of the report as possible, “consistent with the law,” as reported by CBS News. Barr said he would be clear about the redactions, according to The New York Times. Who’s been indicted so far As detailed by The New York Times, 32 people have been charged with crimes by Mueller, including 26 Russian nationals who are unlikely to stand trial. Those indictments include charges against 12 Russian hackers alleged to have been behind cyberattacks in 2016 against the Democratic National Committee and against 13 Russians for spreading disinformation on social media, as well as the propaganda efforts’ chief accountant. last_img read more

Parkour The Art Of Efficient Movement

first_imgWe learn about parkour — a physical training regimen focused on getting a person from point to point in the most efficient manner. Cameron Pratto from Houston’s Urban Movement tells us more.<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> 00:00 /02:14 Listen To embed this piece of audio in your site, please use this code:center_img X Share Urban MovementCameron Pratto of Urban Movement demonstrates the art of parkour.last_img read more

Black humour hard sold

first_img‘Kaalakaandi’The title is Marathi slang – Kaala-Kaandi. It means, something that is not being done in the right manner or is horribly wrong. And as the title suggests, right from the first frame, we are reminded that nothing can go right for its characters. What makes Kaalakaandi interesting, though, is its dark comedy, easy to relate situations and characters. It is one of the easiest films to love and one of the hardest to think of as a work of art. It approaches the notion of pure filmmaking as entertainment; it is a nearly flawless example of itself. Also Read – Add new books to your shelfIt lacks, a lesson or message and is content to show three sets of people facing a series of interlocking challenges they face one night.Set in Mumbai, with a variety of quirky, pseudo characters awake after midnight, it reflects the unpredictable life in the city. But, they seldom find themselves intertwined in a bizarre series of coincidences.Boldly told, what happens to the characters apart from the nightmarish and bizarre nature of their experiences can only be described as screwball logic. Also Read – Over 2 hours screen time daily will make your kids impulsiveWhile the plot unravels like the pages of a thriller, the humour seems laboured. You witness this in the first scene and in the climax.In the opening scene Saif Ali Khan is in his doctor’s clinic where his doctor sugar coats his diagnosis with, “You do not suffer from ulcers, hence you don’t have perforating ulcers. Instead you suffer from stomach cancer.”For a person who never experienced the excesses of life, this unpleasant bit of news hits like a ton of bricks. So when he returns home, where the wedding preparation of his younger brother Angad (Akshay Oberoi) is under-way, he sips alcohol and tries a narcotic substance. This sets the ball rolling for a roller-coaster cinematic experience. In the second situation, Zubin (Kunal Roy Kapur) is in low spirits because his girlfriend is migrating to America. Just before her flight, as a farewell gesture and to celebrate the birthday of their friend Ann (Shenaz Treasurywala), they land up at a pub which predictably gets raided. How they escape from the clutches of the police and what fate has in store for them, forms the crux of their story.In the third narrative, Vijay Raaz and Deepak Dobriyal, work as flunkies for the local gangster. After collecting the protection money from a film producer, how greed overcomes them, forms the crux of their fate.What keeps the quirky characters afloat are the spunky, rustic dialogues that are gags by themselves. For instance, when Angad asks his older brother about his sexual preference, Saif in his typical style blurts out, “Madame Curie, curious,” he asks this after Saif’s escapades with a transgender. The dialogues between Saif and the transvestite also bear testimony to this.On the performance front all actors have put their heart and soul into their characters and they shine on screen. Unfortunately the characters are two-dimensional and cardboard thin. Of the supporting cast, Sobhita Dhulipala as Zubin’s girlfriend, Amyra Dastur as Neha – Angad’s fiance, Isha Talwar as the wedding photographer and Saif’s love interest, Treasurywala as Ann along with Shivam Patil as her boyfriend Jason who calls himself “Jehangir Jehangir” have their moments of on screen glory.Overall with good production quality, director Akshat Verma’s attempt at this noir comedy is engaging but it goes without saying that the script material tries to sell itself a little too hard.last_img read more

Rep Hauck announces July office hours

first_img Categories: Hauck News 05Jul Rep. Hauck announces July office hours State Rep. Roger Hauck of Union Township today announced his office hours schedule for July.Rep. Hauck will be available on Friday, July 7 at the following times and locations:9:30 to 11 a.m. at the Isabella County Administration Building, Room 320, 200 N. Main St. in Mt. Pleasant; andNoon to 1:30 p.m. at Leah’s Korner Kafé, 300 E. Railway St. in ColemanNo appointments are necessary. Those unable to attend may contact Rep. Hauck at 517-373-1789 or via email at RogerHauck@house.mi.gov.last_img read more

Brava3D the 3D version of the international music

first_imgBrava3D, the 3D version of the international music and culture channel, is expanding its programming line up and becoming a 24 hour channel.The network was previously only aired during a portion of the day but will now run throughout the day and night. The channel, which is available in France via IPTV operator Free and in the Netherlands via Glashart Media and Kabel Noord, airs opera, ballet and classic music programming.last_img

Wrestling entertainment company WWE claims its int

first_imgWrestling entertainment company WWE claims its international OTT channel is the “fastest-growing digital subscription service” after reaching its targeted one million subs mark.This comes 11 months after WWE Network first launched in the US, and follows 37% increase in subs since WWE’s last reported financial quarter.The recent growth was attributed to a free November trial promotion, the launch of the service in the UK and Ireland and “significant additions” for last week’s Royal Rumble pay-per-view event.It is not clear if WWE’s announcement includes consumers that cancelled their subscription following heated backlash against the Royal Rumble event, whose outcome lead to a worldwide-trending hashtag, #CancelWWENetwork.“We’re thrilled that we’ve surpassed the one million subscriber milestone less than a year after launching WWE Network and in advance of WrestleMania, our biggest event of the year on March 29,” said WWE chairman and CEO Vince McMahon.WWE also unveiled data that suggests around 90% of subs access WWE Network at least once a week, 99% access it at least once a month and that 86% are “satisfied” with the service.WWE Network, priced at US$9.99 (€8.85) a month in the US, is currently in 170 territories.last_img read more

Oil 8509 9239 9574

first_imgOil85.0992.3995.74 Rock & Stock StatsLast Silver Stocks (SIL)24.1224.4524.15 One Month Ago TSX Venture1,300.921,327.811,621.00 Gold Junior Stocks (GDXJ)23.9423.8831.44 TSX (Toronto Stock Exchange)12,196.8012,273.5712,156.22 Copper3.473.733.44center_img Silver32.1633.8734.58 One Year Ago Dear Reader,Well, just as Doug Casey predicted, Obama won the US election. I wouldn’t make too much of Doug’s successful prediction, as he’s the first to say that these two Obama victories are the only presidential elections he’s predicted correctly.More to the point is the joke going around about two guys watching the election results in a bar, when Obama’s victory is announced. One guy groans: “Four more years!” The other guy cries: “Four more beers!”What’s interesting about this to us is that it reflects investor sentiment. The markets reacted strongly to the election, clearly showing that most investors think another Obama term is bad for the economy. It was striking to see gold and the Dow move so sharply in opposite directions.RealityThe reality – according to Doug and the Casey Brain Trust – is that neither likely winner could stop the train wreck ahead for the economy, so the outcome really didn’t matter.Sure, Obama wasted no time in talking about raising taxes on the rich, which surely only added to investors’ certainty that the president will make things worse. But Romney could have pushed the US into a war much faster, and that would need to be paid for – not that drone-happy Obama is a dove himself.Again, the reality is that even if the differences in rhetoric between Obama and Romney were real, they simply don’t matter compared to the world of hurt pending after decades of mismanagement of the US economy and the post-2008 panic. The stampede has taken the US in completely the wrong direction (dousing the debt bonfire with more easy money), as it has in Europe and Asia as well.All I can really add to this is to remind people of Doug’s mantra for this cycle: buy gold for prudence, gold stocks and other “crisis investing” stocks to speculate for profit, and internationalize yourself to diversify your political risk.PerceptionThat said, perception does move investors, and prices are fixed at the margins, especially during a market mania, which, by definition, divorces prices from underlying value.In this context, the post-electoral perception of increased economic risk is obviously bullish for the financial safe haven of gold. This on top of the probable seasonal increase in gold prices this winter is highly bullish for precious metals stocks in the months ahead – miners and explorers alike. And if we see any black swans alighting during this time, fear and greed could both drive the masses into the only investing sector that offers security and profits.That would be powerful indeed, and we’d see a market mania for the record books.But even if no major black swans upset the house of cards our politicians are desperately trying to hold together amidst a hurricane with an unlimited flow of money-glue… well, there’s still the unlimited flow of money-glue and its necessary consequences, which are bullish for all things real, especially precious metals.There’s also the looming US “fiscal cliff” and all the media circus around the political grandstanding we’ll see in the weeks and months ahead. Indeed, it’s already started. Among the things at stake are sunsetting tax cuts, the lapse of which would hit many middle-class families hard, not just “the rich.” The rhetorical slugfest ahead and its impact on investor perceptions promises to keep markets fear-dominated and volatile. And that too is very bullish for precious metals in the near term.Investors already active in the precious-metals sector seem to realize much of this already. Share prices for good companies that have not run out of cash are up, money is becoming available for project financing, and mergers and acquisitions activity has started heating up again.I’m happy to say that our readers who acted on our recommendations to buy during last summer’s Shopping Season are profiting already, and poised to profit more in the months ahead.What To DoGiven these circumstances, the odds dictate the following general strategies:If you’re long, do not let greed get the better of you: take profits when you have them. You can redeploy them into more stocks if you’re extremely bullish and don’t mind losing your gains, should the market turn in an unexpected way. Or take them out of the game – use them to buy some real asset you want or need. Or whatever else suits your fancy. Just don’t get cocky. Yes, we expect things to continue going up for some time, but no one can say what will be with certainty.If you’re not long, it is not too late. There are great deals out there that have still not rebounded much from last summer’s lows, as well as others that have, but which have material, value-adding developments coming soon. Plus, a rising tide lifts all ships –at least the ones without holes in their hulls.In short, if you’re an investor who’s unhappy with the way the US election turned out, just remember what to do when life hands you lemons – make lemonade. We don’t call the shots, but we can sure do our best to profit and provide for our loved ones based on the trends we see developing.No whining.That’s the investor’s equivalent of being a deer caught in headlights. The deer are not actually caught – if they’d just keep going, they’d almost never get hit at all.The cure for post-election blues is action. If you agree with my analysis above, you know what to do. If you don’t agree, that’s fine – take action based on whatever you see the trends to be. Either course has risks and may or may not work out, but sitting in the headlights is the worst thing you can do.Sincerely,Louis JamesSenior Metals Investment StrategistCasey Research Gold Producers (GDX)50.6752.0860.69 Gold1,738.251,774.001,784.00 Gold and Silver HEADLINESShift in Miners’ Priorities: More Attention to Profit Growth (Ernst & Young)The recently released Mergers, Acquisitions and Capital Raising in the Mining and Metals Sector report by Ernst & Young shows that the overall value of deals completed in the first nine months of 2012 fell 43% year-to-year. The fall is attributed to “turbulent and changing environment of cost inflation, slowing economic growth, heightened geopolitical risk and volatile prices.” The report reveals that these hard conditions have led to a shift in mining companies’ priorities from “growth for growth’s sake” to growth in profits, which includes cost control, credit quality, and focus on shareholder returns.The report says this now means that deals will be more focused on acquisitions that “bring more than market share – such as improved productivity, lower average costs, or improved asset utilization.”This actually sounds quite healthy, in our view. It’s about time more companies focused on good management, and did not just assume higher commodity prices would cover sloppy or reckless policies.Chinese Jewelers Go West for Growth (Reuters)Chinese jewelers are shifting their focus to smaller, inland cities, urged by growing consumer demand for gold. Industry insider Leon Zhao, a consulting director from research firm Frost & Sullivan’s China operations, says “third- and fourth-tier cities are going to be the main engine of China’s jeweler market.” His company believes such cities will account for more than 40% of the country’s total jewelry market by 2015, up from 34% in 2010 and 29% in 2006.Some regional jewelers have already noticed that “in the past two to three years retail outlets in tier three and tier four and in central and western parts of the country have performed better than those in coastal cities.”This trend suggests that China’s gold market is far from being saturated. There are numerous smaller cities that have big potential to consume more gold in the near future, as wealth and spending power increases in these less-developed areas.last_img read more

If you have any interest at all in making the kind

first_img If you have any interest at all in making the kind of money most investors only dream about, you simply have to speculate in today’s junior precious metals explorers.  Historically, they reverse with a vengeance after the kind of extreme overbought conditions we’re seeing today… like Conquistador, which rose 1,874% in 1996… Silverado Mines, which shot up 3,988.5% in 1980, or Golden Scepter, which skyrocketed 7,650% in 1983. To show you why the precious metals sector is on the cusp of rewarding bold speculators with similar gains and how to position yourself to maximize this opportunity, Casey Research is hosting Downturn Millionaires.  This must-see web video event features contrarian investing legends Doug Casey and Rick Rule, who have leveraged beaten-down markets to fortunes multiple times for themselves and their clients… John Mauldin, chairman of Mauldin Economics … Bill Bonner, founder of Agora Publishing… and Casey Research Chief Metals and Mining Investment Strategist Louis James, who will reveal what to look for in a junior mining company, as well as one company with millions of proven ounces of gold in the ground that’s selling at a huge discount. Downturn Millionaires premiers at 2 p.m. on April 8 – to reserve your spot, click here now. Natural resource investors have experienced a tough year. The price of gold bullion has fallen from its 2011 highs and the prices of even good junior companies have been slashed to as little as half of their former valuations. All the more reason to start returning broker phone calls according to David Galland, Casey Research managing director, speaking on the Friday eve of the airing of a webinar he is moderating, featuring some of the biggest names in the industry. The webinar, “Downturn Millionaire: How to Make a Fortune in Beaten-Down Markets,” features Casey Research Founder Doug Casey, Sprott Global Resource Investments Founder Rick Rule, International Speculator Editor Louis James, “Endgame” Author John Mauldin and Diary of a Rogue Economist Editor Bill Bonner. In this interview with The Gold Report, Galland shares the motivation behind assembling this all-star cast for a golden wake-up call. The Gold Report: You are moderating a webinar for Casey Research titled “Downturn Millionaire: How to Make a Fortune in Beaten-Down Markets.” This is going to air on Monday, April 8. It’s an interesting title considering the current state of the precious metals market. Gold hasn’t even flirted with $1,900/ounce ($1,900/oz) since 2011 and dropped below $1,600/oz. Silver fell from $43/oz that same year to below $30/oz. Will this conference deliver the painful message that the bull market is over or do you have some good news for listeners? David Galland: We have some good news. The genesis of the webinar is somewhat interesting. Long-term friend Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., sent an e-mail saying, “Guys, this is a real market capitulation and one of those rare opportunities to make serious money on the rebound.” The proverbial light went off in our collective heads because we, too, have seen this sort of extreme opportunity several times during our careers. And so we scrambled to pull this webinar together in about a week to help make our subscribers and friends aware of the importance of the market capitulation and how to take full advantage. Simply, this is one of those rare moments when absolutely no one wants anything to do with gold stocks, even though gold bullion itself really hasn’t sold off all that much compared to the gold stocks, which are off by as much as 50%. The overarching purpose of the webinar, therefore, is to serve as a gut check and to help people focus on the opportunity. After all, the global demand for minerals is only going to continue to grow, and the role of precious metals is especially important given the complete lack of monetary and fiscal restraint on the part of the U.S. and other large governments. The role of gold and silver is certainly not over, which points to a huge opportunity because the tremendous apathy and capitulation in the gold share market has knocked even the best companies flat on their backs. TGR: The demand argument makes sense, but were the smart people in this group able to come up with the reason why the stocks are doing so poorly compared to the bullion? DG: We discussed the stocks in depth, starting with the macro-picture for precious metals, and then, by extension, why people want to own the stocks. The speakers had some great insights about why we’ve gotten to this point. Then they focused on what they see ahead for the sector and specific ways to profit as the market bounces back. TGR: One of the featured speakers is Doug Casey, chairman of Casey Research. When we interviewed him in January for “The World According to Doug Casey,” he said “speculation is capitalizing on politically caused distortions in the marketplace.” We’ve had years of quantitative easing, but none of the inflation he predicted. Is the government winning? Is that answered in the webinar? DG: I wouldn’t say we’ve had none of the inflation. The government does its very best to cover it up but we all know that prices have gone up considerably on a lot of things. Look at the basics—foodstuffs, energy and so forth. Are governments winning? No, they are just digging themselves and their respective economies a deeper and deeper hole. That said, you could certainly say that at this stage of the battle, people seem to have forgotten that there’s a connection between money printing and inflation. It is baffling because deconstructing the Great German Inflation and other inflations around the world, it was clear to everyone that money printing was the primary culprit. Yet people seem to have once again forgotten that connection. The faculty in this webinar address the questions of where the inflation is heading, why hasn’t it shown up and what can we expect when we see it. The consensus view among the faculty was that we’re looking at inflation rates in the high double digits and maybe worse within the foreseeable future, maybe not tomorrow, but it will come. Governments around the world seem to think that their economies are like washing machines that can be fixed with a bit of tinkering, but they’ll have serious trouble turning off the money printing machines. Social promises have been made, hundreds of millions of people now rely on governments for the bulk of their sustenance. Yet it’s important to remember that governments don’t actually make anything, except maybe wars. Where is the money going to come from for all these social programs? It’s going to be magically whipped up out of thin air essentially. That will have an effect on the purchasing power of the currency units already in circulation, and it will have a positive effect on the prices of tangibles, most importantly gold and silver. TGR: Participant Bill Bonner, who is the editor of The Diary of a Rogue Economist, also watches macrotrends. Does he see any end to the emergency-of-the-week theme playing out on the global stage? And does he have any suggestions for how investors can protect themselves from the fallout? DG: Bill completely understands the role that gold plays in preserving personal net worth, but doesn’t usually discuss gold shares per se. Even so, in our webinar he said something that really got my attention, “The time to buy these shares is when nobody wants to own them, when even you don’t want to own them.” That struck home with me because I’ve been investing in this market since the 1970s, and long ago I learned that the time you really want to back up the truck is when you have exactly the kind of bombed out markets that we have today. As Bill spoke, it really resonated because I, too, have been ducking calls from my broker, and I have a lot of respect for my broker. Worst of all, my broker is calling me offering me financings on great companies that come with five-year warrants, which is a very rare thing and only seen in periods of complete capitulation. But I didn’t want to take the guy’s calls because of the same mistake a lot of people are making at this point, which is just to assume that the market is dead forever when, in fact, that’s very much not the case. TGR: So when David’s scared, that’s the time to buy. Is that what you’re saying? DG: Well, not so much scared. I just didn’t want to hear about the sector anymore. Listening to this webinar inspired me to spend time looking at stocks of companies that I know have great projects, and great management and cash in the bank. Universally, these great companies have sold off by 50-60% or more. Yet, there is nothing wrong with these companies other than this panic out of the risk-on trades in the junior resource sector. That was a real wake up call. TGR: Webinar speaker John Mauldin, author of Thoughts from the Frontline, predicted, in a November interview with us, “John Mauldin’s Roadmap to Surviving the Fiscal Cliff,” that politicians would find a way around the fiscal cliff that was looming at that time, but he warned that the economy would be in for a bumpy ride. In this webinar, did he have any predictions for when or how things would get better? DG: John jokes that even as a relative pessimist, he looks like an optimist when in the company of the Casey Research team. John still thinks there is the possibility of a political solution to the economic crisis. If there is, I haven’t seen it, and nothing on the horizon looks like it’s going to happen as far as I can see. Despite his cautious optimism, John was absolutely in sync with the rest of the speakers’ opinions about the great contrarian opportunity in gold and the gold share market, an opportunity that most people will miss, but shouldn’t. TGR: Another speaker, International Speculator Editor Louis James, stressed the importance of thinking long term when we interviewed him last September for the article “How Investors Can Protect Themselves in a Politicized Economy.” He said the junior market was looking “bottomish” and it looked like a good time to buy. Will he be mentioning what companies he likes in the webinar? DG: He talks about a couple of companies he likes as examples. He’s also quite adamant about the criteria that people should use in deciding what precious metals shares belong in their portfolio and what shares people should be selling now. The reality is that a good number of these companies will not survive this downturn. If you’re sitting on a company with no cash in the bank, an only so-so project and average management, there’s a reasonable chance it’s going to go to $0 even though it may have already gone down by 50%. In the webinar, Louis covers the specific aspects of companies you want to own in your portfolio and the ones you should lose. It’s an important message because these things are, as Doug Casey likes to say, not family heirlooms but burning matches. And the ones that aren’t going to make it just aren’t going to make it. You have to come to that reality. But the good news is that by rotating into the certain winners you can claw back pretty quickly when the market sentiment shifts, as it most certainly will. TGR: Another one of the webinar speakers, Rick Rule, is a very popular expert with The Gold Reportreaders. When he spoke to our president, Karen Roche, last November for an article titled “Be a Risk Manager, Not a Reward Chaser,” he called gold “catastrophe insurance.” Does he have any specific advice for how investors should adjust their portfolios in a downturn? DG: I would say similar to Louis, his message is very clear. There are definitely companies that aren’t going to make it, and then there are companies that are going to make it and make it in a very big way. It was interesting because I’ve known Rick for a couple of decades now and I have seen him give a lot of presentations, but he was very vocal in pointing to an urgency in this market that most people are missing. Rick, Louis, Doug and all of the people on this webinar are really on the same page about this. Investors need a wakeup call. They need to really be paying attention at this moment because it’s one of those rare, once-in-a-generation opportunities to, as John Mauldin says, get in front of a bubble. We’ve seen this before. We saw this in July 1982, another classic capitulation with gold falling from over $800/oz in 1980 to below $350/oz. As you might imagine, the gold shares were completely sold off with the volume on the Canadian stock exchanges falling to next to nothing. But then there were a couple of discoveries in the Hemlo district of Canada, coinciding with a rally in gold, and the market skyrocketed. One of the companies involved in a Hemlo discovery, Golden Sceptre, went from a low of $0.41/share up to $31/share in about a year. Another, Goliath Gold, went from $0.45/share in March 1982 to $32/share in March 1983, an increase of over 7,000%. That sort of opportunity is pretty much only available following periods of market capitulation such as we are experiencing today. People have forsaken reason, and they don’t want to know about gold stocks. That alone should point the way to a classic contrarian opportunity where pretty much everybody who is going to sell has sold, leaving only one way to move—up—for the companies with the right combination of attributes to survive. TGR: So as painful as this has been for all of us over the last couple of years, after listening to these speakers, are you ready to say you welcome a down market for the opportunity it affords? DG: Absolutely. And as I said, it was a complete wakeup call for me. Until participating in the webinar, I had completely stopped paying attention to the sector. Now I am completely re-engaged and talking to my broker again. TGR: Thank you for taking the time to talk to us. DG: It was nice to be with you.last_img read more

New law cracks down on right to use cash

first_img New law cracks down on right to use cash The U.S. government is trying to restrict your access to cash. But not for the reason you think… According to leaked evidence it’s much, much worse. Insuring themselves against “black swan” events, but not investing with the hope of profiting from them, Fixed Income – Historically, bonds make up this asset class. At one time, bonds (AAA municipal bonds) represented as much as 40% of my net investible worth. My strategy was always to hold until maturity and buy them in “ladders,” replacing them when they matured. But I haven’t bought them since the rates dropped below 4.5% and have sold some I didn’t like much. Today, they represent about 5% of my net investible wealth. I also own an annuity and a life insurance product. These are not the typical insurance products. Most annuities and life insurance products are very expensive and very complicated. You have to be very careful with those. Editor’s Note: Last Tuesday, Mark appeared on a special live webinar to discuss his experience with using options (to date, he’s generated over $282,000 in instant cash payouts over the last three years). To watch the replay of this event—and learn in detail how this technique works—click here. Rental Real Estate – Next to business ventures, income-producing property investments have been the largest contributor to my wealth-building success. I invest for the income and see appreciation as a bonus. As with insurance products, real estate investing can be tricky for the inexperienced investor. Most mainstream real estate advice is bad. But if you do it properly—focusing on income—this asset class will do huge work for your portfolio. Editor’s Note: Can you get rich investing in stocks and bonds? Palm Beach Research Group founder Mark Ford has more insight into this question than most. Although he’s not an investment analyst, he’s worked in the financial publishing industry for over 30 years. He’s also built dozens of businesses from scratch…creating millions of dollars of wealth in the process. In short, Mark knows more about building wealth than just about anyone. In today’s Weekend Edition, Mark explains nine steps he is personally taking right now to grow and keep his money. By Mark Morgan Ford I am not an investment professional. I have never made any money managing other people’s money. I went from rags to riches the old-fashioned way: working hard and then investing my income as carefully as I could. Because I’d done well on my own, I never considered seeking financial advice. Then a funny thing happened. I woke up one day with the thought that I should have a “professional” manage some of my money. I interviewed two firms. One was a boutique business based in New York City that a friend recommended. The other was a private banking facility for one of the world’s largest brokerages. The boutique firm was happy to take $100,000 of my money to get started. The other company wanted a minimum of $10 million. They both had fancy offices and pretty marketing brochures. But such frills scare me. They make me think, “Gee, these guys must be charging their customers a lot to afford all this stuff.” My trepidations notwithstanding, I worked with both of them for about six months. I answered their questions about my tolerance for risk (little to none). I listened to their presentations. And then I did something that I bet few of their clients ever do. I started asking them questions. And I kept pushing them to explain why I should believe that they could help me become wealthier. What I got instead was clever circumlocution. A financially sophisticated version of what you’d expect from your teenage son if you pestered him about why he didn’t come home until four in the morning. Those discussions convinced me that these guys could not manage my money better than I had been managing it. To be fair, they certainly knew more about investment products than I did. But they didn’t know more about how to become wealthy. These guys were smart. They had graduate degrees from great schools. They spoke eloquently. They seemed so…so…inside the game. I wanted them to be better than me. I really did. But they really didn’t seem to care whether their services would make me richer or poorer. The contracts they wanted me to sign were going to put money in their pockets regardless. That didn’t feel right. In the end, I told both of my elite financial planners to take a hike. And I went back to managing my money myself. Seeing Only 20% of the Big Picture The investment advisory industry is a huge multibillion-dollar business based on hard work, clever thinking, and sophisticated algorithms. But also on one teensy-weensy lie. The lie is that you can grow wealthy investing in stocks and bonds. It’s not a big, black lie. But the unfortunate truth is the financial establishment rarely looks beyond stocks and bonds. And if you think about it, why would it want to? It makes its money by ushering you from one “hot” stock or “amazing” fund to the next. Wall Street wants you to think the stock (and sometimes the bond) markets are the only places you can make money. And because they know that you have heard that “diversification of assets” is good, they give you the illusion of diversification by having your stock portfolio invested in businesses that are “diversified” into manufacturing, retail, global trade, natural resources, etc. This is, as I said, an illusion. At the end of the day, it’s all invested in stocks or stock derivatives. The result? More risk and less potential wealth gain for you. So start by deconstructing the little lie. Building wealth involves much more than just investing in stocks and bonds. Most rich people get that way by consistently doing the following nine things: Giving top priority to increasing their net investible income, not maximizing returns, Options – Although my cardinal rule is not to invest in something I don’t understand, my colleague, Tom Dyson, found a way to trade options that I both understand and also believe in. Like real estate and insurance products, most options strategies are speculations. I’d advise against them. But the way Tom taught me to do it, selling puts on legacy-type stocks, has worked very well for me. In fact, over eight years of testing, it’s proven successful 96.2% of the time. If you’re interested in a free, three-part training series he’s currently running on this type of options trading, I recommend clicking here. Spending less as a percentage of net income as it grows so they can save more, Investing in safe real estate—i.e., income-producing properties, Recommended Links Jim Rickards Issues “Critical Warning #3″… Jim Rickards just issued a new critical market update. You need to check this out… Jim’s issued this kind of update only twice before in recent history… Both times were about massive changes in the markets. And this change is even BIGGER… See this very short video by clicking here. Investing in stocks and bonds with discipline—i.e., without expecting to get returns that are much higher than market averages, And keeping a substantial store of cash to be used when “cash becomes king.” As you can see, investing in stocks and bonds is only one of nine strategies you must follow to become rich, but that was the only one that the two money management firms I tried cared about. Direct Investments in Entrepreneurial Businesses – This is, by far, the investment class that has given me the best results. If you do this right, you can expect terrific, steady income and the potential for enormous growth. The trick here is to invest only in companies you understand and have some control over. Owning tangible, portable, and non-reportable assets as a reserve that can be tapped into at opportune moments, Cash – I call this a “Cash Opportunity Fund.” You keep a store of money you add to every year. That way, when the crash comes, you can use this fund to swoop in and buy a bunch of great assets at bargain prices. Understanding debt and using it occasionally and strategically to build wealth, — Chaos Hedges – This asset class is not, for me, an investment. It is, as the name implies, protection from times of turbulence—a market crash, bankruptcy, lawsuits, etc. In this class I include gold, silver, and platinum coins (bullion and one or two “rare” types). I bought all I needed when gold was trading at about $400 an ounce. It’s gone up and down since then but at today’s prices it looks good again. Collectibles – This is a category of investing that you will probably not be interested in, unless you want to enrich not just your net worth but your experience of living each and every day for the rest of your life. My preferred collectible is fine art and first-edition books, but you can invest in anything from baseball cards to vintage cars to surfboards. How to Ensure Financial Growth and Security So if you can’t reasonably expect to get rich with just stocks and bonds, what can you do? You can model your investing behavior on the behaviors that have been proven, time and time again, to actually work. I’m talking about asset allocation. Asset allocation is the process by which you spread your wealth across different sorts of investments. You might think that something so dull as asset allocation could not possibly be that important in acquiring wealth, but numerous studies have shown that it may be the most important factor. (These studies can be found here.) Because of an early financial disaster, I became an emotionally compulsive diversifier of practically every dollar I could save, putting some of it in bonds, some in stocks, some in cash, some in real estate, and so on. Over the years I have made hundreds of individual financial decisions—buy this, sell that. Some of them were quite good, a few of them were quite bad, and most of them were in-between. And yet, overall, my net worth had increased considerably and consistently, without any down years, for more than 30 years. I could see very clearly that this was not due to the particular buy/sell decisions that accounted for this good fortune. It was the general decisions about asset allocation that paid off. Since I discovered this, I have been telling my readers about my own asset allocation decisions every year. Not because I think my portfolio is the best possible exemplum of diversification, but just to illustrate my belief that one needs to go well beyond some combination of stocks, bonds, and cash to win at the wealth-building game. My yearly report is reasonably detailed, but the following will give you a bird’s eye view of what I do. Stocks – I have several stock portfolios: one that you might call “legacy” stocks, one that I call “performance stocks,” and a third group that includes what would conventionally be called “growth” and “speculative” stocks. The lion’s share (maybe 80% to 90%) of my stock money is in the legacy stocks: a handful of big, dividend-giving companies that I’m happy to keep on a “forever” basis. A smaller percentage is in dividend-giving companies with growth potential. And a tiny percentage are speculations—stocks I’m quite sure I’ll lose all my money on but I want to own them just for fun. – Investing directly in private enterprises and other “outside Wall Street” opportunities,last_img read more

In what would likely become the most restrictive a

first_imgIn what would likely become the most restrictive abortion ban in the country, the Alabama House Tuesday passed a bill that would make it a crime for doctors to perform abortions at any stage of a pregnancy, unless a woman’s life is threatened. The legislation is part of a broader anti-abortion strategy to prompt the U.S. Supreme Court to reconsider the right to abortion. Republican state Rep. Terri Collins of Decatur, Ala. defended her “Human Life Protection Act” during, at times, contentious debate on the House floor. “This bill is focused on that baby that’s in the womb that is a person,” Collins said. “That baby, I believe, would choose life.” Democratic lawmakers walked out in protest before the final 74 to 3 vote. During debate, they questioned the motive for an abortion ban in a state that’s refused to expand Medicaid. “I do support life, but there are some people that just support birth they don’t support life,” said Democratic Rep. Merika Coleman of Birmingham, Ala. “Because after a child is born there are some things that need to happen. We need to make sure that child has adequate health care,” Coleman said.Other states, including neighboring Georgia and Mississippi, have passed laws that prohibit abortion once a fetal heartbeat can be detected. But Alabama’s ban would apply even earlier.”When a woman is pregnant, an abortion is no longer legal,” says Collins, explaining the bill. The bill criminalizes abortion, meaning doctors would face felony jail time up to 99 years if convicted. The only exceptions are for a serious health risk to the pregnant woman, or a lethal anomaly of the fetus. There are no exceptions for cases of rape or incest. A woman would not be held criminally liable for having an abortion.Collins says the bill follows a constitutional amendment approved by Alabama voters last year that recognizes the “rights of unborn children.” It defies the U.S. Supreme Court’s landmark decision that protects a woman’s right to abortion.”This bill is simply about Roe v. Wade,” says Collins. “The decision that was made back in 1973 would not be the same decision that was decided upon today if you relooked at the issue.” Her bill cites abolition, the civil rights movement and women’s suffrage as justification for establishing the human rights of a fetus. Alabama is one of more than two dozen states seeking to restrict abortion rights this year, testing federal legal precedent that prevents states from banning abortion before the point at which a fetus could survive outside the womb. Alabama Pro-Life Coalition President Eric Johnston says there’s a reason there’s so much activity now.”The dynamic has changed,” Johnston says. “The judges have changed, a lot of changes over that time, and so I think we’re at the point where we need to take a bigger and a bolder step.” The bold move to outlaw nearly all abortions is drawing protests from abortion rights advocates. A coalition called Unite for Reproductive and Gender Equity demonstrated outside the Alabama statehouse last month. “This bill is an awful piece of grandstanding,” said Amanda Reyes of Tuscaloosa, Ala. She’s president of the Yellowhammer Fund, a group that helps women pay for abortions. “If you make abortion illegal somewhere that doesn’t mean that abortion goes away,” says Reyes. “It just becomes more difficult and more dangerous to access.” The bill is expected to win final passage in the Republican majority Alabama Senate. The ACLU of Alabama says it will sue if the abortion ban becomes law. Executive Director Randall Marshall says the bill is unconstitutional. “There is simply nothing that Alabama can do to interfere with the right of access to abortion,” Marshall says. “That is a federal right and the Federal Constitution clearly trumps all state law.” With two Trump appointees now on the U.S. Supreme Court, anti-abortion forces are optimistic that judicial interpretation could be reversed. Copyright 2019 NPR. To see more, visit https://www.npr.org.last_img read more

A disabled writeractivist is hoping that his new

first_imgA disabled writer-activist is hoping that his new novel will alert its readers to the “scary” undercurrent of disablism that has been repeatedly stirred up by the government’s “benefit scrounger” rhetoric.The Norwich Wheelchair Murders is Bill Albert’s eighth novel, and its combination of hard-bitten cynicism, sharp dialogue, ruthless gangsters and fast-moving plot has led to it being dubbed the first of a new genre: Crip Noir.It follows the journey taken by Bobby “The Fixer” Fishbaum, who sees “handicapped people” as “big time losers. Disgusting. Unpredictable. Embarrassing. Helpless.”Fishbaum has to flee his penthouse in Santa Monica to escape some vengeful Russian gangsters, and ends up hiding out with his five-year-old daughter in a council flat in Norwich, while also coming to terms with a diagnosis that has left him using a wheelchair.It is a similar journey to the one Albert took himself. Born in New York, the former university academic grew up and studied in California, but has lived in England since 1964, and in Norwich for more than 45 years.He did not discover that he was a disabled person until he finally received a medical diagnosis at the age of 31, but his journey to feeling comfortable with that identity was a gradual one that took at least another 10 years.That journey was aided by meeting other “crips” at a Norwich access group, people whose demonstration of “lives well lived” taught him, he said, about himself and “how to be”.Before he met them, like his character Bobby Fishbaum, he says in a short memoir, he “didn’t know any disabled people. I didn’t want to either. They frightened me, repelled me with their crippled twitching, garbled speech, their unnatural ways.”Taking part in the last of the anti-Telethon demos outside the studios of London Weekend Television in 1992 – where his teachers were “five hundred joyfully angry crips, rolling and staggering and stumbling and drooling and twitching and shouting and singing and waving banners” – was a swift introduction to the disabled people’s movement, the social model and direct action.Soon he was importing some of that back to Norwich, and helping to set up Norfolk Coalition of Disabled People – these days known as Equal Lives – for which he was the founding chair.One of the disabled “role models” who taught him “how to be” was an activist called Brendan Carroll, on whom he loosely based the character of Brendan in his novel.The novel’s dedication says it was Carroll, who died several years ago, and six other disabled friends who taught him “the joys of being a bolshy crip”.Albert says: “I miss him every day. He was a very unlikely, charismatic figure. He really lived a life. I have made him into my crip superhero.”His novel’s other disabled characters are “amalgams” of other disabled people he knows, albeit “a bit more extreme” than they are in real life.The Norwich Wheelchair Murders was, he says, an attempt “to explain disability to the world which was different to how anybody else had done it”.One of its central themes is the extent to which disabled people are subjected to hate crime, something Albert started to become aware of while editing the monthly newsletter for the international disability rights charity Disability Awareness in Action, and from hearing about the experiences of other disabled people in Norwich, particularly those with learning difficulties.As other disabled activists and artists – most notably Liz Crow – have done in recent years, he draws a parallel between the attitudes to disabled people in Nazi Germany that found its most brutal expression in the Aktion T4 programme, which saw the targeted killing of as many as 200,000 disabled people, and similar attitudes that have surfaced in recent years in the UK.As one character in his novel says: “He said most disabled people were little more than a burden on themselves and the rest of us too. Scroungers, he called them, useless scroungers. Already half dead anyway.”It was an attitude Albert noticed as a member of the Human Genetics Commission – between 1999 and 2005 – when he came across views that can only be described as “eugenics” but which had been “crafted in a medical way”, and suggested that “disabled people were not something you would want to choose”.He said: “It’s gone much further now. It’s really scary stuff. That’s always in the back of my mind, because I was right there when it was all being trotted out and debated.”Albert insists that the hateful attitudes espoused by some of the characters in his novel are not that different to the rhetoric spouted by some politicians.He said: “Look at the all the stuff that’s coming out from the government.“They are kind of painting us as very much like that, but not in that kind of stark language, but if you read the sub-titles that’s what you think.”It is reflected, he says, in the everyday experiences of disabled people. “People I know have had nasty comments made to them about being a scrounger.”He adds: “Look what the government has done in the last five years. All the stuff we have fought for, I have been fighting for for 25 years – lots of other people for even longer – has been rolled back. We are going backwards at the moment.”He is still treasurer of Equal Lives, and has been active in the fight against public sector cuts that is a major feature of the organisation’s work – he says many disabled people in Norfolk are being “devastated” by the cuts – although these days in more of a backroom support role.Indeed, just hours before Disability News Service’s interview with Albert, disabled activists and others staged a demonstration outside the headquarters of Norfolk County Council, in protest at further planned cuts to public services.The Norwich Wheelchair Murders does not address government cuts and rhetoric head-on, and instead tries a more subtle approach, hinting at the backdrop of cuts that exists behind the lives of its disabled characters.But Albert says he “absolutely” wants the book to deliver a wake-up call on disability hate crime.“Those attitudes are out there,” he says. “This government has done nothing but stoke them, basically, while saying, ‘We are not against disabled people, we want to help them, they are the most needy,’ which doesn’t mean anything.”last_img read more

A note from the editor Please consider making a v

first_imgA 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… Disabled activists and their allies have forced a council into a significant climbdown over its “discriminatory” plans for a memorial to victims of the Peterloo massacre.Manchester City Council (MCC) said this week that it had asked artist Jeremy Deller to examine how the memorial he designed can now be made “fully accessible”.The council-funded memorial was set to be completely inaccessible to many disabled people (pictured), even though Deller wanted it to be used as a platform for speakers and demonstrators, mirroring those who spoke during the protest in 1819 that led to the massacre*.The council had previously told Disability News Service (DNS) that it was unlikely that any “fundamental changes” would be made to the memorial, which is due to be unveiled to the public on 16 August, the 200th anniversary of the massacre.But there has now been an apparent climbdown following weeks of protests led by disabled activists.The council’s announcement follows a meeting between city councillors Luthfur Rahman (executive member for skills, culture and leisure) and Tracey Rawlins (lead member for disabled people), and representatives of disabled people’s groups.Mark Todd, a disabled access expert who started a Facebook page to protest at the design of the memorial – and has called it “a monument to discrimination” – said he was “really pleased” at the council’s apparent change of approach.He said that the “breadth and determination” of the campaign and the willingness to work with the council appeared to have paid off.And he said the campaign had built an “amazing coalition” that included disabled people, artists, celebrities, and citizens of Manchester “who all want a Peterloo Memorial that is accessible to everyone”.Among those who have supported the campaign are the musician and activist Billy Bragg, who said: “Surely something that symbolises the struggle for universal rights should be accessible to all.”Disabled comedian and activist Francesca Martinez said it was “extraordinary” that the memorial design had not been inclusive, while there has also been criticism from disabled actor-campaigners Cherylee Houston and Ali Briggs.Briggs said: “We all want a memorial, yes that’s true. We just don’t want one like this, that we can’t be proud of.”Todd said this week that he was “cautiously optimistic” following the council’s statement, but until there was a “fitting and accessible Peterloo Memorial”, the campaign and a weekly vigil near the site would continue.He said: “We are not ready to put away our placards just yet.”Greater Manchester Coalition of Disabled People (GMCDP), which has played a key role in the protests, also welcomed the announcement.But it warned that the council had not yet met its three demands – to stop work on the memorial while it was still low enough to include a ramp; to ensure the memorial was accessible; and to make sure there was no repeat of the council’s failure with future projects – and pointed out that building work on the inaccessible memorial was now nearly finished.Campaigners will meet next week with the council, Deller and the architect working on the project, and will then decide whether to review their demands.A GMCDP spokesperson said: “MCC’s decision to build the memorial to its full height and then explore access solutions afterwards, limits considerably what can be done to make it a platform everyone can use.“We do not know what MCC have in mind, if anything, and we acknowledge that a perfect solution may not be arrived at immediately. “What is needed most at this stage is the commitment to find a genuine accessible long-term solution, properly considered, fully consulted on and backed up with some teeth and a budget.”The council has faced weeks of anger from disabled people and allies that a memorial designed to remember those who marched for liberty and equality in the 19th century should apparently have been “designed and built with discrimination and inequality at its heart”.Now the council has said that it regrets that the design of the memorial “did not give enough consideration to access issues”.Cllr Rahman said: “Manchester City Council has a long and proud record around access issues, something which disabled access campaigners have acknowledged. “However, we recognise that the interpretation of the brief for the Peterloo Memorial, with an imaginative design involving a more interactive element than originally envisaged for a public artwork, did not give enough consideration to access issues and we regret this.“We recently met with representatives of disabled people’s groups to further discuss this issue and we have asked the artist and architect to look at how the monument in its current form can be modified to make it fully accessible.“We will share more details about where we are up to and the proposed way forward as soon as we are in a position to do so.“We are listening and doing all we can to resolve this satisfactorily.”Deller told DNS last night (Wednesday) that he was optimistic that a solution could be found to make the memorial accessible.*On 16 August 1819, paramilitary and military forces attacked more than 60,000 peaceful, pro-democracy and anti-poverty protesters in Manchester, which led to 18 deaths and an estimated 700 serious injuries, in what became known as the Peterloo Massacrelast_img read more

Centre for Blood Donations calls out for lifesaving donations

first_imgMiguela XuerebMiguela Xuereb Next Friday (14th June) will be celebrated as World Day of Blood Donors. To commemorate the day, the Blood Donation Centre is appealing to anyone who can donate blood to do so as it helps to save lives throughout the year.Anyone who wants to donate blood is advised to visit the Centre for Blood Donations in Gwardamangia between the daily opening hours of 8AM and 6PM. (Last entry at 6PM)The Mobile Blood Donation Unit will also be operating on Sunday 9th June between 8.30AM and 1PM at the church in Pembroke.The health centre in Xewkija in Gozo will also be operating for blood donations on Sunday between 8AM and 1PM (last entry at 1PM).The Administration centre advises donors not to eat or drink before donating. They are also advised to bring their identity card, driving licence or Maltese passport.WhatsApp <a href=’http://revive.newsbook.com.mt/www/delivery/ck.php?n=ab2c8853&amp;cb={random}’ target=’_blank’><img src=’https://revive.newsbook.com.mt/www/delivery/avw.php?zoneid=97&amp;cb={random}&amp;n=ab2c8853&amp;ct0={clickurl_enc}’ border=’0′ alt=” /></a> SharePrintlast_img read more

InFlight WiFi

first_img This story appears in the November 2005 issue of Entrepreneur. Subscribe » In-Flight Wi-Fi Add to Queue Learn how to successfully navigate family business dynamics and build businesses that excel. –shares Free Webinar | July 31: Secrets to Running a Successful Family Business Mile-high productivity gets a boost from in-air Wi-Fi. Next Article Amanda C. Kooser Magazine Contributor Register Now » While we still can’t use our cell phones on airplanes, onboard internet is getting a lot of attention.In-air Wi-Fi is pretty much ready for prime time. It doesn’t have the interference or social issues that crop up around cell phone usage. International travelers will get the first crack at it. There have been Wi-Fi announcements and implementations from airlines like Singapore Airlines and German carrier Lufthansa. Connexion by Boeing is a leading provider in this area. Pricing can start as low as $8 for a 30-minute block. Check for availability on your next overseas flight.Look for in-flight Wi-Fi on U.S. airlines sometime next year. Boingo customers will benefit from a roaming agreement that allows access on Connexion-enabled flights. United Airlines and Verizon Airfone have tested their own in-flight Wi-Fi, due to go online next year as well. 1 min read Technology November 1, 2005last_img read more

KFC Has a New Nail Polish That Tastes Like Chicken Start Up

first_imgStart Up Your Day Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Opinions expressed by Entrepreneur contributors are their own. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. 1 min read Enroll Now for $5 Lindsay Friedman Staff writer. Frequently covers franchise news and food trends. KFC Has a New Nail Polish That Tastes Like Chicken — Start Up Your Day Roundup Add to Queue Image credit: Settawat Udom | Shutterstock Looking for the latest headlines in small business, innovation and tech? Our Start Up Your Day recaps are posted every morning to keep you current.Planned. Tesla plans 500,000 cars for 2018. Inclusivity. Uber will bring its new accessible ride services to Chicago starting this month, according to The Chicago Tribune.Under the knife. This robot surgeon sewed up a pig’s insides.Don’t mess with mama. In honor of Mother’s Day this weekend, Facebook Messenger will adorn your chats with flowers.A new day. Burger King will launch a new breakfast sandwich, the Egg-Normous Burrito.  Finger-licking good. KFC seems to have taken its slogan seriously after releasing its own nail polish. It’s supposed to taste like chicken. May 5, 2016 –shares Next Article last_img read more

Larsen Toubro Infotech Eyes AI ML and Analytics Market with Lymbycs Acquisition

first_imgLarsen & Toubro Infotech Eyes AI ML and Analytics Market with Lymbyc’s Acquisition Sudipto Ghosh6 days agoJuly 17, 2019 AcquisitionAIanalyticsLTILymbycMarketing Technology NewsNewsSaasVirtual Analyst Previous ArticleSesame Software Partners with Snowflake on Integration/Data Warehouse SolutionNext ArticleEsker Partners, Invests in B/2BNOW in Support of SAP S/4HANA Cloud ERP Acquisition to enhance Larsen & Toubro Infotech ‘s Mosaic platform with Deep Learning, NLP, and Visualization capabilitiesLarsen & Toubro Infotech Ltd., a global technology Consulting and Digital Solutions company, is acquiring Lymbyc. Lymbyc is a specialist AI, Machine Learning, and Advanced Analytics company. The acquisition further strengthens LTI’s fast-growing Digital and Analytics offerings.Larsen & Toubro Infotech will Compete in AI-Based Cloud Computing MarketWith growing dependence on data, global enterprises need to be better at data discovery, agile analytics, and the ability to process large datasets. Lymbyc’s expertise in these spheres will enhance Larsen & Toubro Infotech’s Mosaic platform to provide differentiated analytics solutions in a SaaS model.At the time of this announcement, Sanjay Jalona, Chief Executive Officer and Managing Director, LTI, said —“We believe self-service capabilities for AI and advanced analytics will be the next wave of disruption in the marketplace, and Lymbyc brings this capability to our Mosaic platform. Leni by Lymbyc is an industry-agnostic platform that solves business user’s need for experience, speed, and comprehension. I welcome Lymbyc’s experienced management team and all its employees to the LTI family.”Satyakam Mohanty, Founder, and CEO, Lymbyc said, “As a strategic business partner of LTI during last year, we have seen first hand how LTI is leading data and digital transformation agenda for its clients. With AI becoming increasingly mainstream, we are excited to join hands with LTI and to help a larger and richer set of clients. Leni, our AI-based Virtual Analyst, is perfectly suited to deliver better value to business users and maximize their information and analytics investments.”Getting Leni to Work for Larsen & Toubro Infotech CustomersLymbyc is headquartered in Bengaluru, India. Since inception in 2012, the company has acquired customers in the USA, UK, Africa, and India. The company is well recognized for its unique capabilities in analytics and data-sciences space. Lymbyc was also recognized and featured in Gartner’s Market Guide for Data Analytics and Service Providers 2019.Marketing Technology News: Progress Named a Leader in the New 2019 Gartner Magic Quadrant for Multiexperience Development PlatformsThe core of Lymbyc’s capabilities are centered around a proprietary product, Leni. Lymbyc offers two products:Leni as a serviceLeni as an APICurrently, Leni solves for the entire spectrum of descriptive to predictive Business Insights, leveraging Deep Learning, Natural Language Processing, Data Visualization, and Predictive Analytics. Leni is a Virtual Analyst that allows users to conversationally access information and insights.Leni ServiceMarketing Technology News: WebCEO, the Agency Oriented Marketing Platform, Launches a New Local SEO ModuleLTI and Lymbyc have been strategic partners for the last one year, and have collaborated to deliver unique solutions to several leading global enterprises.Lymbyc is the fifth acquisition by LTI since the company got listed in 2016. Earlier this year, the company acquired Ruletronics, a boutique Pega Consulting company, and N+P (NEILSEN+PARTNER), a Temenos Wealthsuite specialist.Marketing Technology News: Introducing Shutterstock Elements, Thousands of Cinema-Grade Video Effects for Filmmakerslast_img read more

Health Policies Will Play Role In Debates Political Theater

first_imgHealth Policies Will Play Role In Debate’s Political Theater This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. As new polls show a narrow margin separating them, President Barack Obama and Mitt Romney will face questions on their plans for Medicare, Medicaid and overhauling the health system during tonight’s debate. The focus will be on domestic policy, and at least 15 minutes will be dedicated to health care.   The Wall Street Journal: Race Tightens In 2 States As Ohio Gap WidensBiting into President Barack Obama’s lead over the past three weeks, Mr. Romney trails the president by a single percentage point among likely voters in Florida and by two points in Virginia, the new Wall Street Journal/NBC News/Marist Poll surveys show. Both races are statistical dead heats, as Mr. Obama’s leads fall within the surveys’ margin of error. But Mr. Romney trails by eight percentage points among likely voters in Ohio (Murray, 10/3).The New York Times: Claims Likely To Surface In Debate And Facts Behind ThemBoth candidates agree that the health care program for older Americans, the single-biggest contributor to projected deficits, cannot continue growing at current rates. They disagree on how, and how much, to curb it. Mr. Romney favors shifting from the open-ended, fee-for-service Medicare program to one giving each beneficiary a fixed annual amount to buy private insurance or a Medicare option. … Mr. Obama, who says Mr. Romney would “voucherize” the program, instead backs marginal changes, including lower payments to providers of health care like doctors and insurers (Calmes and Harwood, 10/2).The Associated Press: First Debate Sets Up Moment Of High-Risk TheaterThe central role of the economy in this election is evident in the topics selected for the first three of the night’s six debate segments: The Economy I, The Economy II and The Economy III. The last three segments will focus on health care, the role of government and governing (Hunt and Benac, 10/3).On the lighter side – Kaiser Health News Capsules blog: “Health Savings Accounts”? I Have Bingo! There’s no better way to help you stay focused on the questions and answers than with a good, old fashioned game of BINGO. Or in this case, DEBATE-O. The game card below is filled with terms that the two candidates might use to describe their own plans and to attack their opponent’s plans. Each time you hear a word or phrase that’s on your game card, click on it (10/2).last_img read more

Study Biasbased bullying does more harm to students than generalized bullying

first_imgReviewed by James Ives, M.Psych. (Editor)Nov 15 2018A new study finds that bias-based bullying does more harm to students than generalized bullying, particularly for students who are targeted because of multiple identities, such as race and gender. What’s more, the study finds that efforts to mitigate these harms are less effective against bias-based bullying.”Bias-based bullying is when children are bullied because of some aspect of their social identity, whether that’s race, gender, ethnicity, religion, disability or sexual orientation,” says Kelly Lynn Mulvey, an assistant professor of psychology at North Carolina State University and corresponding author of a paper on the work. “Multiple bias-based bullying is when children are targeted because of two or more aspects of their social identity. These both differ from generalized bullying, in which kids are targeted because of things like their academic interests, being the new kid at school or their fashion choices.””We wanted to know whether the effects of bullying varied depending on why a child was bullied,” says Elan Hope, an assistant professor of psychology at NC State and a co-author of the paper. “Specifically, we wanted to know if outcomes differed when kids are targeted because of social biases.”The researchers looked at data on 678 students between the ages of 12 and 18 from around the country. The data stem from the School Crime Supplement to the Department of Justice’s 2015 National Crime Victimization Survey. Four hundred and eighty seven of the students reported generalized bullying. One hundred and seventeen students reported experiencing one type of bias-based bullying, with gender, race and disability being the most common categories targeted. Sixty-four students reported multiple bias-based bullying, with race and ethnicity being the most commonly targeted categories.Related StoriesWhy Mattresses Could be a Health Threat to Sleeping ChildrenNew therapeutic food boosts key growth-promoting gut microbes in malnourished childrenResearchers identify gene mutations linked to leukemia in children with Down’s syndromeThe researchers evaluated a suite of adverse outcomes, as well as protective factors that may help mitigate those outcomes.”We found that victims of multiple bias-based bullying had the worst outcomes in three areas: fear of being harmed, school avoidance, and negative effects on their physical, psychological and academic well-being,” Mulvey says. “Victims of one type of bias-based bullying fared second worst. Victims of generalized bullying still suffered adverse outcomes, but to a lesser extent than the other two groups.”The researchers also found that the effectiveness of protective factors also varied across the groups.For example, social support from teachers, family, community members and peers did nothing to help victims of bias-based or multiple bias-based bullying – though it did help victims of generalized bullying. And school safety and security measures did not alleviate adverse outcomes for victims of multiple bias-based bullying – but did mitigate harms for victims of single bias-based bullying and generalized bullying.”These findings show that a one-size-fits-all approach to anti-bullying campaigns is not very effective,” Hope says. “Bias-based bullying and multiple bias-based bullying have different effects on students, and interventions are needed to focus on those underlying biases.” Source:https://www.ncsu.edu/last_img read more

Targeting aging process itself can lead to better and more effective interventions

first_imgReviewed by James Ives, M.Psych. (Editor)Feb 11 2019Medical care for older adults has long focused on preventing and treating chronic diseases and the conditions that come with them. But now, geriatrics researchers and clinicians hope a new understanding–one honed at a prestigious conference hosted by the American Geriatrics Society (AGS) and the National Institute on Aging (NIA), with support from The John A. Hartford Foundation–can lead to better and more effective interventions by targeting the aging process itself rather than discrete conditions or concerns.”Aging is complex and varies from one person to the next, but there’s a growing body of evidence that aging itself is driven by interconnected biological factors we call ‘hallmarks’ or ‘pillars,'” said Christopher Carpenter, MD, MSc, FACEP, FAAEM, AGSF, one of the co-authors of a report on the conference. “We believe disrupting these hallmarks–which cover everything from the stability of our genes to ways our cells communicate–can contribute to chronic disease and frailty, which is why a better understanding of how they work is so important.”Convened in 2016 as the second conference in a three-part series for recipients of the NIA’s Grants for Early Medical/Surgical Specialists Transition into Aging Research (GEMSSTAR) program, the NIA “U13” conference brought together more than 100 scholars, researchers, leaders representing 19 medical specialties, and NIA representatives to stimulate research across the disciplines involved in high-quality, person-centered care. Conference findings, published in the Journal of the American Geriatrics Society (DOI: 10.1111/jgs.15788), detail how new methods of studying the older-adult population can reveal new tools and accelerate innovative treatments focused on big-picture outcomes important to people’s lives, such as function and independence.Rather than beginning with the discrete health conditions and concerns common among older adults, conference organizers took the unique approach of focusing on aging itself as a primary factor impacting multiple chronic diseases and the declining ability to rebound from health challenges (also known as “resilience”). In doing so, GEMSSTAR scholars advanced our understanding of the concept that targeting age-related mechanisms might delay, prevent, or even reverse geriatric syndromes, age-related chronic diseases, and declines in resilience. Conference sessions also focused on new methods and strategies for studying these aspects of aging, and reviewed the challenges of studying age when older people often have been excluded from medical research.Major themes that emerged from the conference include a need for increased attention to: * The study of our human population as it ages. Most clinical trials still look for people who are “ideal,” such as people who do not have chronic diseases. However, researchers now understand the importance of ensuring pragmatic clinical trials reflect the full spectrum of health for older adults, particularly those who are frail. These individuals often are the most likely to live with multiple chronic diseases, which can be treated best when we understand how medications and other interventions will affect “real” as opposed to “ideal” people. * The need for new tools to help older adults and caregivers adapt to changing health needs. Studying the biology of aging could yield even more approaches to aging-related disease prevention or treatment for geriatrics experts who will be needed in greater numbers as the world continues to age. For example, geriatrics health professionals are already adept at streamlining medication management for common conditions such as diabetes and high blood pressure. A better understanding of the interactions of resilience, metabolism, and inflammation with aging, however, could deepen these clinicians’ hypothesis that many common medicines prescribed for these conditions could play a role in supporting general health as we age. * The importance of accelerating how we translate research into promising clinical practice. Conference workshops also focused on ways to make aging research actionable for clinical studies and clinical practice. For example, suggestions included integrating aging concepts into research conducted by “subspecialists” in particular areas of medicine; creating a national, diverse “geroscience biobank” attuned to exploring multimorbidity and frailty in particular; incorporating “precision medicine” as a catalyst for individualized healthcare delivery; using existing databases like the Baltimore Study of Longitudinal Aging to forge collaborations and inform early-stage hypotheses; and creating a standardized “outcomes toolkit” to help bridge the gap between studies of aging and supports for our well-being as we age. * Supporting the future of aging research. As more and more people benefit from increased longevity, specialty clinician-investigators–so named for their expertise in caring for patients and researching how that care takes shape–must be empowered to contribute to the evolution of aging research. Collaboration will be particularly important, said Evan Hadley, MD, Director of the Division of Geriatrics and Clinical Gerontology at the NIA, in his closing remarks for the GEMSSTAR U13 conference. Dr. Hadley emphasized that partnering across disciplines previously seen as independent will be important to future progress, which is why the GEMSSTAR community offered such an important outlet for beginning these discussions. The NIA’s GEMSSTAR program awards support to early-career physicians trained in medical and surgical sub-specialties to conduct transdisciplinary aging research. The AGS serves as a central coordinating body for applicants in particular specialties (anesthesiology, emergency medicine, general surgery, gynecology, orthopedic surgery, physical medicine and rehabilitation, trauma surgery, urology, and vascular surgery) interested in applying for professional development support, and connects these awardees with their specialty societies. Additional funds support a Professional Development Plan to complement the “R03” research project.center_img Source:https://www.americangeriatrics.org/media-center/news/report-prestigious-nih-funded-conference-looks-biological-pillars-aging-betterlast_img read more

Huawei founder says company would not share user secrets Update

first_img Ren Zhengfei, founder and CEO of Huawei, gestures during a round table meeting with the media in Shenzhen city, south China’s Guangdong province, Tuesday, Jan. 15, 2019. The founder of network gear and smart phone supplier Huawei Technologies said the tech giant would reject requests from the Chinese government to disclose confidential information about its customers. (AP Photo/Vincent Yu) Explore further Huawei expects 21% revenue rise despite ‘unfair’ treatment Ren Zhengfei, founder and CEO of Huawei, adjusts his glasses during a round table meeting with the media in Shenzhen city, south China’s Guangdong province, Tuesday, Jan. 15, 2019. The founder of network gear and smart phone supplier Huawei Technologies said the tech giant would reject requests from the Chinese government to disclose confidential information about its customers. (AP Photo/Vincent Yu) Two Canadians were arrested by Chinese authorities on national security charges, prompting suggestions abroad they might be hostages to secure Meng’s release. On Monday, a Chinese court announced another Canadian had been sentenced to death in a drug case after he was ordered retried.Asked how he felt that Huawei was linked to accusations Beijing took hostages, Ren said he saw no connection between the Canadians and Meng’s case.Dressed in a blue sport coat and an open-necked light blue shirt, Ren was jovial and animated during the two hour and 20 minute meeting.Ren said he became a Communist Party member in the early 1980s after the state press published reports about his development of a measuring tool for an engineering project. Earlier, he couldn’t join because his father was deemed a “capitalist roader,” but the party was trying to promote young, technologically capable people after the violent, ultra-radical Cultural Revolution in 1976.Ren founded Huawei in 1987 to sell imported telecom switching gear to Chinese phone companies after the PLA disbanded his engineering unit, according to the company.Despite his party membership, Huawei makes decisions based on its customers’ needs, Ren said.”I don’t see a close connection between my personal political beliefs and our commercial decisions,” he said.Huawei’s U.S. market evaporated in 2012 after a congressional panel said the company and its smaller Chinese rival, ZTE Corp., were security risks and urged phone companies to avoid them.But Huawei passed Sweden’s LM Ericsson to become the biggest supplier of network gear and its smartphone brand displaced Apple Inc. last year as the No. 2 global seller behind Samsung.The company forecasts last year’s revenue will exceed $100 billion for the first time. Ren said this year’s target is $125 billion.Huawei says it is employee-owned. Ren said no government entity or any other investor who isn’t a current or former employee owns “one cent of Huawei shares.”Ren said Huawei has no research cooperation with China’s People’s Liberation Army and no dedicated unit for military sales and he knew of no PLA purchases of civilian technology.Ren said the security concerns have yet to have a significant effect on Huawei’s business. The company has signed 5G contracts with 30 carriers and has shipped 25,000 base stations, he said. 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. Ren Zhengfei spoke in a rare meeting with foreign reporters as Huawei Technologies Ltd. tries to protect its access to global telecom carriers that are investing heavily in next-generation technology.His comments were the 74-year-old former military engineer’s most direct public response to accusations his company is controlled by the ruling Communist Party or is required to facilitate Chinese spying.Huawei is China’s first global tech brand. The United States, Australia, Japan and some other governments have imposed curbs on use of its technology over such concerns.”We would definitely say no to such a request,” said Ren when asked how the company would respond to a government demand for confidential information about a foreign buyer of its telecom technology.Ren said neither he nor the company have ever received a government request for “improper information” about anyone.Asked whether Huawei would challenge such an order in court, Ren chuckled and said it would be up to Chinese authorities to “file litigation.”Huawei is facing heightened scrutiny as phone carriers prepare to roll out fifth-generation technology in which Huawei is a leading competitor. 5G is designed to support a vast expansion of networks to serve medical devices, self-driving cars and other technology. That increases the cost of potential security failures and has prompted governments increasingly to treat telecoms communications networks as strategic assets.The company’s image suffered a new blow last week when Polish authorities announced one of its Chinese employees was arrested on spying charges. Huawei announced it fired the employee and said the allegations had nothing to do with the company.Ren is the father of Huawei’s chief financial officer, Meng Wanzhou, who was arrested Dec. 1 in Canada on U.S. charges related to possible violations of trade sanctions on Iran.Ren said he couldn’t discuss Meng’s case while it still was before a court. But he said Huawei obeys the law, including export restrictions, wherever it operates.Ren expressed gratitude to Canadian justice officials for their treatment of Meng, who was released on bail and is staying in a house in Vancouver. He also expressed thanks to her fellow jail inmates prior to her release “for treating her kindly.” © 2019 The Associated Press. All rights reserved. “After all the evidence is made public, we will rely on the justice system,” he said. “We are sure there will be a just conclusion to this matter. Huawei has plenty of opportunities even if it faces higher barriers in some markets, he said.”If we are not allowed to sell in certain markets, we will have a smaller operation,” he said. “So long as we can feed our employees, we are satisfied.”Ren defended Huawei’s decision to remain privately held—a status that has fueled questions about its intentions and who controls it. He said that helped to preserve its long-term focus on customer service and product development.Publicly owned companies care more about a “beautiful balance sheet” while Huawei is focused on a “strong industry structure,” he said.”Capital tends to be greedy.”Ren also warned against allowing security concerns to divide the globe into isolated markets with incompatible technology standards—a scenario some people have suggested might result from U.S.-Chinese tensions.”Arbitrarily dividing the world into two technology camps can only harm the interests of all society,” he said.Asked about President Donald Trump’s suggestion on Twitter that he might intervene in Meng’s case if that facilitated a resolution of Washington’s tariff battle with Beijing, Ren said he would wait to see whether Trump takes action.”As for President Trump as president, I still believe he is a great president,” Ren said. He said Trump was elected to cut taxes, which he believed was beneficial for American industry.However, he said, “If companies are getting frightened by the detention of certain individuals, then investors might be scared away, and that is not in the interests of the United States.”Ren said he didn’t believe Huawei would face U.S. penalties similar to those that nearly drove smaller Chinese rival ZTE Corp. out of business. Washington barred ZTE from buying American technology over its exports to Iran and North Korea but restored access after the company paid a $1 billion fine, replaced its executive team and installed U.S.-selected compliance monitors.”What happened to ZTE, I don’t believe will happen to Huawei,” said Ren. However, he said, “if it did happen to Huawei, I don’t believe the impact would be very significant. I believe telecom operators would continue to trust Huawei.”Ren said Huawei doesn’t want Beijing to retaliate for foreign restrictions by hampering market access for Apple Inc. and other rivals.”In spite of setbacks in some countries, we are still supportive of China becoming a more open country.” Citation: Huawei founder says company would not share user secrets (Update) (2019, January 15) retrieved 17 July 2019 from https://phys.org/news/2019-01-huawei-founder-company-user-secrets.html The founder of China’s Huawei, the world’s biggest supplier of network gear to phone and internet companies, says his company would not share secrets about its customers and their communication networks. Ren Zhengfei, founder and CEO of Huawei, gestures during a round table meeting with the media in Shenzhen city, south China’s Guangdong province, Tuesday, Jan. 15, 2019. The founder of network gear and smart phone supplier Huawei Technologies said the tech giant would reject requests from the Chinese government to disclose confidential information about its customers. (AP Photo/Vincent Yu)last_img read more