Canada seeking extradition of Akwesasne man from US

first_img(Watch APTN’s 2012 interview with Seth Lazore)Jorge Barrera APTN National NewsCanadian authorities want to extradite an Akwesasne man from the U.S. who recently completed a 41-month sentence there for human smuggling, according to court documents.Canadian federal justice officials submitted a request for the extradition of Seth Lazore through the U.S. Embassy in Ottawa on Oct. 15. The extradition request was made at the behest of Quebec which wants Lazore sentenced following his three year-old conviction on three counts of armed robbery and one count of assault, according to documents filed with the U.S. Federal Court in the Northern New York District.The extradition request from Canada is primarily based on a Quebec bench warrant issued for Lazore after he failed to show up for his June 6, 2013, sentencing hearing following his guilty pleas on the four charges.Lazore is fighting the extradition request and his hearing is scheduled for Dec. 10 in Albany, NY.He remains in custody after failing to obtain bail.Akwesasne, a Mohawk community which sits about 120 kilometres west of Montreal straddles the Ontario, Quebec and New York State borders, has been used by human smuggling networks to move people across both sides of the international boundary.Lazore was sitting in U.S. custody by the time the date of his Quebec sentencing hearing rolled by, according to U.S. federal court records. He had been detained for his involvement in a July 2012 smuggling operation to bring three Canadians of Indian origin from Canada into the U.S., court records show.Lazore eventually pleaded guilty to smuggling the men into the U.S. and was sentenced to 41 months in prison. That sentence has now been completed. He was living with his wife and three children on the U.S. side of Akwesasne when he was again detained pending the conclusion of his extradition hearing, according to court records.Quebec wants Lazore, who has U.S. and Canadian citizenship, so he can be sentenced following his guilty pleas in relation to a Feb. 1, 2009, incident that left three men beaten on a winter ice road crossing the St. Lawrence River.Lazore “ambushed” a car driven by Christopher Fritz and carrying two male passengers at about 6 a.m., according to court records. Fritz was driving on the ice road when he was blocked by red pick-up truck driven by Lazore. Lazore jumped out of his truck with a handgun and began yelling at Fritz to get out of the car, according to records. Fritz tried to make a run for it, but then heard bullets hit the rear of his car.  Another bullet shattered the driver’s side window.By this time a second, grey pickup truck had blocked the vehicle. Fritz and his two passengers then got out of the car and they were beaten by Lazore and a second man. Lazore searched their pockets and took money, bank cards and cell phones, according to court records.Lazore was arrested the same day and made his first court appearance on Feb. 2, 2009. He pleaded guilty to the four charges on Feb. 15, 2012.Seth Lazore during 2012 interview with APTN.Lazore is also wanted in Ontario on a province-wide arrest warrant for his involvement in a human smuggling operation to bring a Nigerian family into Canada, according to RCMP Const. Jean Juneau with the Cornwall Regional Task Force. The task force is based out of Cornwall, Ont., and also includes Canada Borders Services Agency and the OPP.The RCMP charged Lazore and several other individuals in relation to the smuggling of the Nigerian nationals on Sept. 6, 2012. Lazore was initially detained on the charges. He was released after his long-term girlfriend’s mother put up a $1,500 surety and a $5,000 bond and put under house arrest.APTN interviewed Lazore about his charges in a location on Cornwall Island.Lazore was then detained the following month by U.S. authorities on the July 2012 human smuggling indictment and remained in custody.He struck a plea agreement with the U.S. Attorney for the Northern New York District pleading guilty to one count of human smuggling.He was sentenced on Nov. 25, 2013. He spent six months in a halfway house.During his Nov. 12 bail hearing on the extradition request, Lazore’s federal public defender submitted arguments for his release based on the support he currently has in the community and the needs of his family which has suffered from his incarceration.“His family need him now more than ever. His absence for that period of time has made it very difficult for them to get by with even necessities,” said the submission filed with the court.jbarrera@aptn.ca@JorgeBarreralast_img read more

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Ford puts 2018 adjusted profit outlook below Street view

first_imgDEARBORN, Mich. — Ford is calling for 2018 adjusted earnings of $1.30 per share, slightly below Wall Street’s view, because of challenges including higher commodity and warranty costs and a business decline in China.Analysts predict earnings of $1.33 per share, according to FactSet.Looking ahead, Ford Motor Co. Chief Financial Officer Bob Shanks said in a statement that the automobile maker sees the potential for year-over-year improvement in revenue in 2019.Last week Ford announced it was cutting jobs in Europe as it reshapes its business to focus on more profitable commercial trucks and SUVs while shifting production to electric cars over the longer term.Shares of the Dearborn, Michigan-based company fell 13 cents to $8.71 before the market open on Wednesday.The Associated Presslast_img read more

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Accidental Prez

first_imgIrony gasped when the ‘Servant Of The People’ actually ended up being just that. In a very interesting turn of events, a comedian with absolutely no political moorings has been elected as the President of Ukraine with 73 per cent votes. Volodymyr Zelenskiy became a phenomenon with his landslide electoral victory in the Ukrainian Presidential polls announcing the departure of the incumbent President Petro Poroshenko. The 41-year-old comedian, as though prophetically, starring in a political satirical drama called ‘Servant Of The People’ (streaming on Netflix) plays a character that accidentally becomes the President of Ukraine. This remarkable win is viewed as one against social injustice, corruption, and a war with Russian-backed separatists in eastern Ukraine that has claimed over 13000 lives. As the world looks on, the President-elect has his platter of issues ready before him. His policies are eagerly looked forward to. Zelenskiy will assume office in about a month’s time and among the primary questions already swirling around him are about his policy position towards Russia. Zelenskiy is a native Russian speaker and critiques accuse him of having a soft stance towards Russian aggression: mainly the support for separatists in eastern Ukraine and the annexation of Crimea in 2014. He is also accused of accepting funds and financial assistance from the Kremlin and has been touted as the preferred choice of Russian President Vladimir Putin who has had a rocky relation with the outgoing Ukrainian President Petro Poroshenko. Zelenskiy’s previous on and off friendly inclination to Russia and the criticism he attracted from the Russian media seem passé before the promises he made to the people of Ukraine proper to the polls. The promise to bring home 24 Ukrainian sailors under arrest in Russia after being captured in a naval incident near Crimea earlier this year is claimed to be his number one priority; he has stated that talks are unavoidable between Ukraine and Russia because there’s a “real war” between the countries, adding that “there can’t be any compromise on Ukraine’s sovereignty and independence. “We don’t sell our people and we don’t sell our territories.” This boldness is quite a turnaround from what he said in March 2014: “I really want to address Mr. Putin. Dear Vladimir Vladimirovich! Do not allow even the hint of a military conflict to happen. Because Russia and Ukraine really are brotherly nations… If you want, I can beg you on my knees. But please, do not put our people on their knees.” Allegations and controversies apart, the intensity of Zelenskiy’s thumping victory speaks more loudly of the fact that the public wants a change more than anything else.last_img read more

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Algerias Bouteflika a veteran dogged by controversy

first_imgALGIERS – Algeria’s Abdelaziz Bouteflika, who is to seek a fourth presidential term in an April election, helped to end a devastating civil war and contain Arab Spring protests.One of the few remaining veterans of the war of independence against France, the 76-year-old first came to power in 1999, but has been dogged by ill health and corruption scandals.He has also never freed himself from the pervasive control of the unelected military, despite being determined to roll back its power and that of intelligence leaders who have dominated Algerian politics since independence. “I’m not three quarters of a president,” he said after being elected in 1999, addressing critics who saw him as another puppet of the army chiefs.But despite his efforts to reduce their influence, the army and the DRS intelligence agency are still widely considered to be the real power in Algeria.The army has chosen all of the country’s post-independence leaders — and Bouteflika was no different.With the military’s support, he stood unopposed in 1999 as the candidate of the ruling National Liberation Front (FLN) after all the other candidates withdrew, citing fears of electoral fraud.A dapper figure known for wearing a three-piece suit even in baking Saharan conditions, Bouteflika was credited by many Algerians with helping end the murderous civil war in the 1990s that killed at least 150,000 people.The military-backed government’s decision to cancel elections in 1991 which an Islamic party had been poised to win sparked a decade of appalling bloodletting.Islamist insurgents attacked both the military and civilians amid allegations of shocking abuses by both sides.Bouteflika proposed an amnesty for rebels who laid down their arms and twice secured public endorsement for “national reconciliation” through referendums.Major gamble pays offThe first, in September 1999, was a major gamble but paid off, leading to a sharp decrease in violence that helped propel Bouteflika to a second term in 2004.The resignation shortly afterwards of Mohamed Lamari, a Moscow-trained former army chief and key proponent of eradicating the armed Islamists during the civil war, was a step forward in curbing the military’s power.And the death in 2007 of General Smain Lamari, a close ally of the shadowy intelligence chief Mohamed “Tewfik” Mediene, the powerful hidden force in Algerian politics, was thought to further strengthen Bouteflika’s hand.But he never succeeded in neutralising Mediene, despite steps to emasculate the military intelligence agency in 2012 alongside sweeping cabinet changes.Bouteflika began a third term in 2009 following a constitutional amendment allowing him to stand again.His supporters argue that under his stewardship public and private investment has created millions of jobs and dramatically lowered unemployment.But a lack of opportunity continues to drive many Algerians abroad, often illegally, as youth unemployment remains high despite windfall oil revenues.When the Arab Spring burst into life in January 2011, Algeria witnessed deadly social unrest, and a month later Bouteflika acceded to an opposition demand, lifting a 19-year state of emergency.To head off further unrest he announced piecemeal political reforms, including boosting the role of independent parties.But these reforms won little support from the opposition, and legislative elections in May 2012 saw the FLN tighten its control of parliament.Bouteflika’s third term in office has been dogged by speculation about his health, and even rumours he had died, after he underwent surgery in Paris in 2005 for a stomach ulcer.Bouteflika was hospitalised in France again in April last year after a mini-stroke, spending three months recovering and chairing just two cabinet meetings in 2013.Despite his ill-health, in November the FLN named him as its candidate in the presidential election due in April.Bouteflika never married and has no children.last_img read more

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The WildCard Winner Is The Team To Beat In The NL

On Tuesday, I previewed the American League playoffs, and today, it’s the National League’s turn. Compared to the AL, the NL playoffs are much more chaotic. Judging by the teams’ run differentials, there are no clear tiers, as there were in the AL. The preseason consensus pick for NL champion (the Washington Nationals) didn’t make the dance, and the three best teams in the NL all play in the same division (the NL Central), which means that two of them will have to face each other in a wild-card play-in game. One of the NL’s foremost contenders is doomed to sit out the remainder of October.1Living in Chicago, I’m not bitter or anything. Do I seem bitter? I’m not bitter. Whoever survives, though, will have the best chance of winning the World Series of any NL team.2The Cubs and Pirates chances are lower than the other teams’ for now, but once one of them is out of the way, the winner’s odds will essentially double because the coin-flip nature of the wild-card game is behind it.As if that wasn’t enough, it’s hard to evaluate two division champions that have seen unusual bouts of good and bad luck, which are unlikely to persist in the playoffs. And the two most surprising contenders (the New York Mets and Chicago Cubs) have ridden incredible waves of young talent into the postseason, waves that may or may not have already crested.So there are no world-beaters, like the Toronto Blue Jays. There is only entropy. As the field stands going into tonight’s wild-card game, the most likely National League team to win the World Series (the St. Louis Cardinals) has only a slightly better chance than it would if we awarded the Series by picking a team at random. Come the divisional series, there will be eight teams left, and the Cardinals barely have a better than 1 in 8 shot of winning it all. Chicago Cubs(Chance of winning the World Series: 7 percent)The Cubs are the second-youngest team in the postseason (when you weight the team’s age by its players’ production), coming in at an average of 25.6 years, just a smidge over the Houston Astros.3Who have an average weighted age of 25.5. That’s important because MLB is in the midst of a surge in youth production. The shape of baseball’s aging curve seems to be changing — young players are becoming better earlier and old guys are falling off faster.You can see that in the accuracy of projections: Players 25 and younger outperformed their projected wins above replacement by a grand total of 43.6 WAR.4Using Steamer projections from FanGraphs. Older players fell short by a nearly equal margin (44.7). These systematic errors in our predictions suggest that teams like the Cubs and Astros, who rely on green talent like Kris Bryant and Carlos Correa, may be better than we think. In addition, because some of that talent was called up in the middle of the season (e.g., Kyle Schwarber), this Cubs team is better than its full-year run differential suggests.But that potential won’t mean anything if they can’t get past the Pittsburgh Pirates in a one-game playoff that’s rigged to be random.Pittsburgh Pirates(Chance of winning the World Series: 8 percent)Like the Cubs, the Pirates have a tough road to the divisional series. That’s because the wild-card games are so unforgiving. Tonight, it’ll be the Cubs’ Jake Arrieta, owner of one of the most incredible second-half performances in major league history (and the same Jake Arrieta whose path to ace status has been very, very strange), versus the Pirates’ Gerrit Cole, who has one of the most electric fastballs in baseball. Arrieta has the edge.But Pittsburgh is playing at home, which is worth a few percentage points of win probability. Whether that cancels out the advantage in starting pitching partially depends on how much you believe in Arrieta. If he’s as good as his second-half ERA suggests, the Pirates may not have much of a chance. But pitching is a volatile alchemy; on a slightly off night, when batted balls find a few extra holes, Cole might be Arrieta’s equal.There are dozens of potential factors that could influence the outcome of this one game, ranging from temperature to manager skill, but let’s not fool ourselves. As hard as it is to predict a five- or seven-game series, attempting to forecast the outcome of any single game between nearly evenly matched teams is as close as you can come to a coin flip in sports. Anything can happen.New York Mets(Chance of winning the World Series: 9 percent)It’s difficult to talk about the Mets’ unexpected playoff run without invoking the name of their chief rival in the NL East, the Nationals. The Nationals suffered a well-documented collapse for somewhat mysterious reasons, which left the door open for the Mets squad to take the lead. The Mets seized on the opportunity, albeit not without some drama.The Mets come into the playoffs with mixed indications of how they’ll do. On the one hand, they had the easiest schedule of any playoff team, beating up on the Phillies, Braves, Marlins and the eviscerated shell of the Nationals. On the other hand, the Mets have excellent young starting pitchers who throw very hard (more than 20 percent of their pitches are faster than 95 mph, which leads the league). Hitters are extra vulnerable to high velocity pitching in the playoffs, so the Mets should have an advantage in October. This postseason is probably a year too early for the Mets to make a strong run at the championship (same for the Texas Rangers), but don’t let that diminish the joy of seeing Bartolo Colon potentially work his magic.Los Angeles Dodgers(Chance of winning the World Series: 12 percent)The numbers suggest that the Dodgers may be better than they appear. The Dodgers had the fourth-worst cluster luck in baseball this year, doing a terrible job of stringing together their hits and walks to maximize their run scoring. The good news is that there’s no reason to believe such poor clustering will continue into October.The Dodgers have a top of the rotation that is the envy of every team in baseball, with two potential Cy Young contenders in Clayton Kershaw and Zack Greinke. Kershaw has had his troubles in the playoffs before, but like the Dodgers’ cluster luck, such struggles are unlikely to persist. On paper, then, the Dodgers remain one of the World Series favorites, hampered only by potentially inefficient managing and a mediocre bullpen.St. Louis Cardinals(Chance of winning the World Series: 13 percent)These 2015 Cardinals are doing something we don’t understand: Over the course of the year, their pitching staff stranded baserunners at a rate (79.4 percent) that has rarely been seen in MLB history. As a consequence, the Cardinals have won about six or seven more games5The Cardinals received a net of 62.8 runs from their cluster luck. Using the standard exchange rate between runs and wins (between 9.5 and 10 runs per win), that’s about six or seven wins. than we would have expected, given the skill of their pitching staff. It’s tempting to call that all luck, but this isn’t the first time the Cardinals have found their way into historic bouts of run-clustering or prevention.But even if you take away the luck, this Cards squad is a good one. It has solid pitching, both in rotation and in relief, and a steady lineup getting contributions from younger players. The one gaping hole is at catcher; Yadier Molina, St. Louis’s erstwhile X factor, may be out with an injury. Depending on how much of the Cardinals’ incredible pitching performance is determined by Molina, the Cardinals could be in deep trouble or still in line for a championship.Read more:The Blue Jays Are The Best — And There’s An 80 Percent Chance They Won’t WinThe Best 2015 MLB Teams, According To Our New Ratings read more

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Ronaldinho tips Pogba for Ballon dOr

first_imgBrazil legend Ronaldinho has tipped his “friend” Paul Pogba to win the Ballon d’Or, as long as he listens to Jose MourinhoOver the past decade the award has been exclusively won by either Cristiano Ronaldo or Lionel Messi with the last winner being Ronaldinho’s compatriot Kaka in 2007.But the former Barcelona star, who won the award himself in 2006, believes that Pogba has the potential to end Ronaldo and Messi’s dominance.“He can win the Ballon d’Or, without a doubt,” said Ronaldinho, according to Goal.“I see Pogba as a friend, I don’t see myself as his idol.“He is young, talented and he has the ability to play anywhere, he can play in a free role, defensive, as a runner or attacking.harry maguire, manchester UnitedMaguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…“He has the characteristics of a player who can fill any position, he can make history.”Recently Pogba has struggled under Mourinho at Manchester United and has been dropped to the bench in recent matches due to his continued inconsistent displays at Old Trafford.But Ronaldinho, who himself had a spell on the bench at former club Paris Saint-Germain, believes that his friend must respect his coach and is certain that Mourinho can extract the potential within Pogba.“He knows the substitutes’ bench, like me at Paris Saint-Germain with [former coach Luis] Fernandez. It is not the same, when Mourinho tells you that you’re on the bench you have to respect that, the other guy, a little less,” said the 38 year-old.“I think Paul really has a lot to learn from Mourinho, who is one of the best coaches in the world. A coach who has won so many titles should be respected. In my case, it was the opposite.”The former midfielder refused to speculate on Pogba’s future. : “He is already in a big club and he has everything needed to make history, whether it is this club or another he has to be where he feels happiest.”last_img read more

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Surprise offer for Benzema

first_imgReal Madrid’s Karim Benzema is being reportedly lined-up for a shock bid from Paris Saint-Germain, reports Diario GolThe French forward had his most disappointing campaign at the Santiago Bernabeu last season since his arrival after only finding the back of the net 11 times in his 45 appearances, despite having scored three goals in Real’s last two matches in the Champions League.But, despite his struggles in front of goal, Benzema always remained as Zinedine Zidane’s main centre-forward.However, since Zidane’s shock exit last month, Benzema appears to have run out of key allies in the locker room with the board having reportedly lost confidence in the Frenchman some time ago.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.The 30-year-old now appears set to leave the European champions in the summer transfer window with Real reportedly asking for a transfer fee in the region of €80m.But while many rival clubs are understood to be unwilling to pay for such a high fee, PSG have emerged as a surprise destination for the struggling Benzema with new coach Thomas Tuchel believed to be a big admirer.The German coach feels that Benzema’s seniority and experience in the Champions League will prove to be invaluable for PSG as they finally aim to win in Europe.PSG released manager Unai Emery this summer after the Spaniard failed to lead the club to Champions glory in his two years in charge, despite having won a domestic treble last season.last_img read more

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Authorities announce 10K reward for info in mosque arson case

first_img Categories: Local San Diego News FacebookTwitter April 11, 2019 KUSI Newsroom, Updated: 6:55 PM Posted: April 11, 2019center_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsESCONDIDO (KUSI) – Authorities announced a $10,000 reward today for information leading to the arrest of whoever intentionally set an occupied northern San Diego County mosque ablaze under cover of darkness last month.“Today we are asking for the public’s help in solving this horrible hate crime,” Escondido police Capt. Ed Varso said. “We cannot do this alone, and we believe that someone has information that will be valuable to our case.”Dar-ul-Arqam Mosque, also known as Islamic Center of Escondido, was torched about 3:15 a.m. March 24. Seven people who were inside the West Sixth Avenue house of worship escaped without injury and were able to extinguish the blaze with a fire extinguisher prior to the arrival of emergency crews.The fire was “quickly determined to be arson,” Varso said this afternoon during a news conference co-led by Suzanne Turner, acting special agent in charge of the FBI’s San Diego field office; and Ernesto Diaz, assistant special agent in charge of the Los Angeles Field Division of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives.Further evidence of the malicious intent of the crime was graffiti left on the building making reference to last month’s deadly terror attacks at two mosques in Christchurch, New Zealand.Dozens of state, federal and local investigators, including personnel with the county Sheriff’s Department and District Attorney’s Office, have worked to identify the perpetrator or perpetrators but so far have identified no suspects, Varso told news crews during the briefing at Escondido police headquarters.While the case remains unsolved, police have sought to protect the mosque from any further harm or harassment, according to Varso.“As we have been investigating the crime, we’ve also worked diligently to ensure that members of the mosque feel comfortable and safe at their place of worship,” he said. “We are currently working with the leadership of the mosque to improve the facility’s security. In addition, our officers … increased their presence at the mosque immediately following the fire and continue to provide extra patrols in the area.”Anyone with information about the crime is asked to call the FBI at (800) 225-5324. Tipsters may remain anonymous. KUSI Newsroom Authorities announce $10K reward for info in mosque arson caselast_img read more

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Salmon Forum Highlights Habitat Protection

first_imgCook Inletkeeper recently recognized the Kenai Peninsula Borough for the passage of the 50-foot setback rule. Berkhahn: “I don’t know how we can actually stop these big projects, and we can’t. But we are moving forward in the right direction.” Another question put before the panel was in regards to the KPB’s 50-foot setback on property near the river bank. Each noted the importance bank habitat provides to a healthy stream. Facebook0TwitterEmailPrintFriendly分享Over 50 people attended a salmon conservation forum last Thursday, at the Soldotna Public Library, hosted by Cook Inletkeeper. The forum, held a four-person panel: Marcus Mueller, land manager at the Kenai Peninsula Borough; Sue Mauger, science director at Cook Inletkeeper; Patti Berkhahn, who worked for Alaska Department of Fish and Game; and Branden Bornemann, executive director at the Kenai Watershed Forum. The panel answered questions about science, policy, and citizenship and how they intersect in the realm of salmon conservation. When asked about the upcoming Stand for Salmon ballot initiative that will be on the November ballot, each member of the panel said it would “be a great thing.”last_img read more

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The Atlantic Spins Off Relaunches The Wire

first_imgThe Atlantic Wire, previously a content product closely aligned to The Atlantic, has been spun off as an independent brand called The Wire. The site, which aggregates and reports on the latest news, is taking a chapter out of other standalone brands that have launched out of Atlantic Media, such as Quartz and Defense One.”It’s less about removing The Atlantic from the name and more about establishing The Wire’s independent identity in both form and function,” says M. Scott Havens, president of The Atlantic. “Over the last four years, The Wire has grown and evolved and has now established itself as a go-to news platform for millions of readers. We believe the platform is ready for its next ‘step-change.’ Simplifying the name to The Wire (the name many people already use), redesigning the content and advertising platforms for the mobile age, and investing in dedicated sales resources are all critical to realizing the type of scale and impact we believe the site is capable of achieving.”With about 6 million monthly uniques, per Omniture numbers, traffic is up 100 percent from a year ago, says the company. That scale has earned it the chance to delineate its editorial mission and form its own sales team. Atlantic associate publisher of sales strategy and operations David Minkin will add head of sales and marketing for The Wire to his responsibilities, leading a dedicated sales team. The Wire has also cultivated a unique audience, says editor Gabriel Snyder. Overlap with The Atlantic is in the single digit percentages, he says. “The next step of launching it on its own two feet and putting it out there is an acknowledgement of the success we’ve had in setting an editorial voice and building a unique audience.”Snyder adds that the responsive design will allow the content staff to continue to expand its story-telling toolset. “One of the things we’ve tried to do is not rely on text as our story-telling device. We’re trying to use new tools—charts, gifs, quizzes and so on—and have tried to make that less of a special project territory and more of a toolkit for everyday coverage.”last_img read more

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Facebook is in hot water again The 359 Ep 512

first_imgOn this podcast, we talk about: Facebook’s research app that circumvented Apple rules and had the social network paying people as young as 13 years old $20 a month in exchange for personal data.Apple’s iPhone sales collapse. The heist of Tappy the robot’s arm!The 3:59 gives you bite-size news and analysis about the top stories of the day, brought to you by the CNET News team in New York and producer Bryan VanGelder. Check out the extended shows on YouTube. Also, don’t forget to rate and review the podcast on iTunes. Facebook is in hot water. Again (The 3:59, Ep. 512) See All reading • Facebook is in hot water — again (The 3:59, Ep. 512) Your browser does not support the audio element. Subscribe: iTunes | RSS | Google Play | FeedBurner | SoundCloud |TuneIn | Stitcher Tags Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors • Mobile Commentcenter_img Apple Share your voice Aug 31 • Your phone screen is gross. Here’s how to clean it Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? The Daily Charge 1 Aug 31 • Best places to sell your used electronics in 2019 Privacy Facebook Huawei T-Mobile Applelast_img read more

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US approves 8 billion F16 fighter jet deal with Taiwan China warns

first_img Close IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:01/1:01Loaded: 0%0:01Progress: 0%Stream TypeLIVE-1:00?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … President Xi Jinping warns Taiwan: attempts to split China doomed to fail Taiwan Air Force’s F-16 fighter jets fly during a demonstration at Hualien airbase, Eastern Taiwan January 23, 2013.ReutersThe US State Department on Tuesday approved a reported $8 billion sale of F-16 fighter jets to Taiwan, according to the Defence Security Cooperation Agency statement.Around 66 Lockheed Martin Corp F-16 jets, 75 General Electric Co engines and other systems are being considered for sale, the official statement to Congress said. The defence deal is said to serve US national, economic and security interests as well as enhance Taiwan’s defence capabilities.Senate Foreign Relations Committee Chairman Jim Risch welcomed the proposed sale. “These fighters are critical to improving Taiwan’s ability to defend its sovereign airspace, which is under increasing pressure from the People’s Republic of China,” Reuters quoted Risch as saying.US President Donald Trump had notified Congress of the sale last week, Secretary of State Mike Pompeo told Fox News on Monday.Pompeo also said that the sale was “consistent with past US policy” and that the US was “simply following through on the commitments we’ve made to all of the parties”.China has denounced the sale and warned of ‘countermeasures’ accusing the US of harming bilateral relations, peace and stability in the Taiwan Strait. Responding to the announcement of the defence deal, state media China Daily said the sale sends an “erroneous signal” to Beijing.Chinese Foreign Ministry spokesman Geng Shuang on Tuesday said US arms sales to Taiwan “severely violate” Washington – Beijing agreements and “constitute severe interference in China’s internal affairs”.Warning of “consequences” he advised the US to “immediately cancel the planned arms sales, and stop selling weapons and military contact with Taiwan”.Tensions between China and Taiwan have increased after Beijing’s assertion of the province as a “One China” and sacred territory. Beijing asserted last month it is “ready to go to war” if people “try to split Taiwan from the country”. China has extensive claims over the strategic South China Sea and has shown an aggressive stance against the US and its allies for undertaking naval operations in the region.The United State’s recent exit from the 1987 Intermediate-Range Nuclear Forces (INF) treaty allows Washington to develop its military assets especially in comparison to the advanced Chinese military capabilities. The bilateral treaty with Russia is said to have limited the US weapons development, especially sophisticated land-based missile force.The US military test-fired ground-based cruise missile in California’s San Nicolas Island, on Sunday, weeks after it officially exited the treaty.Russia has called the missile launch a “mockery to the international community” and said that the country will also make offensive systems in retaliation.last_img read more

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North Korea skips annual antiUS rally
first_imgIn this 25 June 2017, file photo, tens of thousands of men and women pump their fists in the air and chant as they carry placards with anti-American propaganda slogans at Pyongyang`s central Kim Il Sung Square, in North Korea, to mark what North Korea calls `the day of struggle against US imperialism` – the anniversary of the start of the Korean War. In another sign of detente following the summit between North Korean leader Kim Jong Un and US president Donald Trump, North Korea has opted not to hold this year’s “anti-US imperialism” rally. Photo : APIn another sign of detente following the summit between leader Kim Jong Un and US president Donald Trump, North Korea has decided to skip one of the most symbolic and politically charged events of its calendar: the annual “anti-US imperialism” rally marking the start of the Korean War.Fist-pumping, flag-waving and slogan-shouting masses of Pyongyang residents normally assemble each year for the rally to kick off a month of anti-US, Korean War-focused events designed to strengthen nationalism and unity. It all culminates on 27 July, which North Korea celebrates as a national holiday called the day of “Victory in the Fatherland Liberation War.”Last year’s event was held in Kim Il Sung Square with a reported 100,000 people attending. North Korea even issued special anti-US postage stamps.Officials had no on-the-record comment on the decision not to hold the event this year. But Associated Press staff in the North Korean capital confirmed Monday that it would not be held.North Korea has noticeably toned down its anti-Washington rhetoric over the past several months to create a more conciliatory atmosphere for the summit and avoid souring attempts by both sides to reduce tensions and increase dialogue.North Korea’s state media were filled with reports, photos and video of the 12 June  meeting between Trump and Kim in Singapore.A 42-minute documentary-style news special was aired on the state television network two days after the summit and has been repeated frequently since, meaning that by now there are probably few North Koreans who are unaware of the changes in the air. For many North Koreans, the program was also quite likely the first time they had ever seen what Trump looks like.Still, North Korea’s handling of the changes and how it presents them to its people remains highly nuanced.So far, it hasn’t said much about what Washington is interested in the most – denuclearisation. But it has made significantly fewer references to its need to have nuclear weapons than it was making last year, when Kim was test-launching long-range missiles at a record pace and tensions with Washington neared the boiling point.North Korea’s decidedly less strident posture these days underscores the delicate position it finds itself in after decades of touting the United States as its archenemy.State media referred to Trump quite deferentially in their reports of the summit, calling him by his full name and adding the title of president of the United States of America – itself a somewhat jarring contrast to the way it normally spits out merely the surname of US officials, with no titles.Considering how its relations with Washington could quickly slip back into acrimony if the difficult process of negotiating denuclearisation and the lifting of trade sanctions breaks down, it remains unclear how much, or if at all, North Korea intends to recalibrate its other propaganda and indoctrination efforts.Getting rid of all the anti-American propaganda would be a Herculean task.The 1950-53 Korean War, and the devastation the country suffered at the hands of the US and its allies, remain a major part of every North Korean’s education.Negative portrayals of Americans as big-nosed goblins are a common sight at elementary schools and kindergartens and exhortations to beware of American aggression, deceit and brutality are a staple message of textbooks and at “class education” centers around the country. Anti-American slogans can also still be seen in Pyongyang and throughout the countryside, though they are not that numerous.And while softening its criticism of the current US administration, North Korea has stepped up its attacks on “capitalist values” in general – an oblique warning that its diplomatic outreach to the world should not be taken to mean it’s ready to throw away its socialist ideals anytime soon.last_img
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2 arrested for possessing arms bombmaking materials illegally

first_imgKolkata: The Anti Rowdy Section (ARS) of Kolkata Police’s Detective department on Thursday arrested two persons for keeping arms in their possession illegally. The raid was conducted by the sleuths on the basis of a tip off. Following the tip off and raid, the arrests were made along with the recovery of arms, ammunition and ingredients for making bombs.”A person named Harnul Rashid Mondal (55) was first arrested at around 4.40 pm from Esplanade Bus stand for keeping 5 (five) country made single-shotter arms and white and red powder weighing 5 kg that appeared to be sulphur — generally used for making bombs in his possession. Also Read – Rain batters Kolkata, cripples normal lifeHe is a resident of Darakuti under Basirhat police station area in North 24 Parganas,” an official of the Detective Department said. On interrogation, Rashid admitted to his plan of selling those articles to one of his associates and accordingly, another person named Rabiul Gayen (33) was also nabbed. Gayen is a resident of village Makla under Haroa Police Station area in North 24-Parganas. Two 9 MM Pistols and 7 round cartridges were recovered from his possession. A case has been initiated at Maidan police station under Section 25(1)(a)/ 29 Arms Act and Section 4(b)/ 5 Explosive Substance Act against the arrested duo. The two were produced before Bankshall Court on Friday and are being remanded to police custody till November 14. “We will grill the two to find out the other members dealing with such illegal arms business,” a senior police officer said.last_img read more

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Body of policeman found hanging at hospital

first_imgKolkata: Mystery shrouds the death of a policeman whose body was found hanging from the ceiling of a washroom at a private hospital in Durgapur.The victim has been identified as Nirmal Kumar Das (24), who was posted at Bidhannagar. Das, who was originally a resident of Chopra in North Dinajpur, was admitted to hospital on Monday after he was suffering from fever. Some patients who were undergoing treatment at the same hospital on early Wednesday morning found the victim hanging with a piece of cloth from the ceiling of a washroom. Also Read – Rain batters Kolkata, cripples normal lifeThey drew attention of the hospital authorities. Tension broke out among patients. The matter was immediately reported to the police. After being informed the police reached the spot and recovered the body and sent it for an autopsy at Durgapur Sub-divisional hospital. Police have collected the piece of cloth for the sake of investigation. According to the preliminary investigation, police suspect the victim might have committed suicide. The reason behind his committing suicide is yet to be confirmed by the investigating officers. They have started a probe to ascertain the exact cause of Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedthe incident. The hospital authorities have told police there was nothing unusual in his behavior after he was admitted to the hospital with some ailments. Cops are investigating if the victim had been suffering from any mental depression. The family members of the victim will also be interrogated in this connection. They are also investigating if there was any foul play behind the death of Das. The sleuths are waiting for the autopsy report which might throw some light on his death.last_img read more

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Recap Two lanes closed due to accident on M6 motorway in Cheshire

first_imgTwo lanes are closed on the M6 motorway in Cheshire due to an accident this evening (Tuesday May 14). The lanes are shut on the southbound carriageway due a collision between junction 19 and junction 18. North West Motorway Police first reported the accident at around 8.20pm. A Highways England spokesman said:  “M6 southbound J19 towards J18 (Tabley A556 Northwich Holmes Chapel Chester Middlewich) “Traffic Officers have been deployed to a collision involving a vehicle which is now facing the wrong way in the outside lane. Lanes 4 & 3 have been closed.” It is unclear if any other vehicles are involved at this stage. Traffic England currently reports normal traffic conditions are expected to be restored between 9.15pm and 9.30pm tonight. Elsewhere on the motorway in the area, the northbound exit slip road at junction 19 is shut due to a vehicle fire. We’ll bring you further updates on the accident on the southbound carriageway as we get them on the live feed below. Read MoreTop stories on StokeonTrentLive Follow StokeonTrentLive Download our app  – You can download our free app for iPhone and iPad from Apple’s App Store , or get the Android version from Google Play .  Follow StokeonTrentLive on Facebook –   Like our Facebook page to get the latest news in your feed and join in the lively discussions in the comments. Click here to give it a like! Follow us on Twitter –   For breaking news and the latest stories,  click here to follow SOTLive on Twitter . Follow us on Instagram – Featuring pictures past and present from across Stoke-on-Trent, North Staffordshire & South Cheshire – and if you tag us in your posts, we could repost your picture on our page! We also put the latest news in our Instagram Stories.  Click here to follow StokeonTrentLive on Instagram .20:37From Inrix Two lanes closed and slow traffic due to accident on M6 Southbound from J19 A556 (Knutsford) to J18 A54 Middlewich Road (Middlewich / Holmes Chapel).Lane three and four (of four) is closed. Dad slams ‘disgusting’ hospital window Police search for missing womancenter_img Punter found hiding in bushes Driver named following fatal collisionlast_img read more

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Whats the difference between cross platform and native mobile development

first_imgMobile has become an increasingly important part of many modern businesses tech strategy. In everything from eCommerce to financial services, mobile applications aren’t simply a ‘nice to have’, they’re essential. Customers expect them. The most difficult question today isn’t ‘do we need a mobile app’ Instead, it’s ‘which type of mobile app should we build: native vs cross platform?’ There are arguments to be made for cross platform mobile development and native app development. Developers who have worked on either project will probably have an opinion on the right way to go. Like many things in tech, however, the cross platform v native debate is really a question of which one is right for you. From both a business and capability perspective, you need to understand what you want to achieve and when. Let’s take a look at the difference between cross-platform framework or a native development platforms. You should then feel comfortable enough to make the right decision about which mobile platform is right for you. Cross platform development? A cross platform application runs across all mobile operating systems without any extra coding. By all mobile operating systems, I mean iOS and Android (windows phones are probably on their way out). A cross platform framework provides all the tools to help you create cross-platform apps easily. Some of the most popular cross- platform frameworks include: Xamarin Corona SDK appcelerator titanium PhoneGap Hybrid mobile apps One specific form of cross-platform mobile  application is Hybrid. With hybrid mobile apps, the graphical user interface (GUI) is developed using HTML5. These are then wrapped in native webpack containers and deployed on iOS and Android devices. A native app is specifically designed for one particular operating system. This means it will work better in that specific environment than one created for multiple platforms. One of the latest native android development framework is Google Flutter. For iOS, it’s Xcode.. Native mobile development vs Cross platform development If you’re a mobile developer, which is better? Let’s compare cross platform development with mobile development: Cross-platform development is more cost effective. This is simply because you can reuse 80% of your code becase you’re essentially building one application. The cost of native development is roughly double to that of Cross-platform development, although cost of android development is roughly 30% more than iOS development. Cross-platform development takes less time. Although some coding has to be done natively, the time taken to develop one app is, obviously, less than to develop two. Native apps can use all system resources. No other app can have any additional features . They are able to use the maximum computing power provided by the GPU and CPU; this means that load times are often pretty fast.. Cross platform apps have restricted access to system resources. Their access is dependent on framework plugins and permissions. Hybrid apps usually take more time to loadbecause smartphone GPUs are generallyless powerful than other machines. Consequently, unpacking a HTML5 UI takes more time on a mobile device. The same reason forced Facebook to shift their mobile apps from Hybrid to Native which according to facebook, improved their app load time and loading of newsfeed and images in the app. The most common challenge with about cross-platform mobile development is been balancing the requirements of iOS and Android UX design. iOS is quite strict about their UX and UI design formats. That increases the chances of rejection from the app store and causes more recurring cost. A critical aspect of Native mobile apps is that if they are designed properly and properly synchronized with the OS, they get regular software updates. That can be quite a difficult task for cross-platform apps. Finally, the most important consideration that should determine your choice are your (or the customer’s) requirements. If you want to build a brand around your app, like a business or an institution, or your app is going to need a lot of GPU support like a game, then native is the way to go. But if your requirement is simply to create awareness and spread information about an existing brand or business on a limited budget then cross-platform is probably the best route to go down. Read Next How to integrate Firebase with NativeScript for cross-platform app development Xamarin Forms 3, the popular cross-platform UI Toolkit, is here! A cross-platform solution with Xamarin.Forms and MVVM architecturelast_img read more

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Cargo cartel settlement Air France to pay US87 million

first_img<a href=”http://www.etbtravelnews.global/click/2a3b5/” target=”_blank”><img src=”http://adsvr.travelads.biz/www/delivery/avw.php?zoneid=10&amp;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a> Source = e-Travel Blackboard: S.F An agreement has been reached by Air France KLM to pay fines of US$87 million to settle civil damages in the US, following investigations into its alleged role in an air freight price-fixing cartel.The agreement relates to claims against Air France, KLM and Martinair in the US, but will not affect the results of an ongoing European Union investigation into the cartel, reports Reuters. In a statement released last week, the Franco-Dutch airline group said the agreement was to settle damage claims brought against them in the US that alleged violations of antitrust laws in connection with air cargo shipping services. “Under the terms of the settlement agreement, which is subject to court approval, the carriers will pay a total of $87 million in exchange for a release from all claims by direct purchasers of air cargo shipping services to and from the United States between 2000 and 2006,” the group said. If the US Courts do approve the agreement in its current form, damages will only be paid to direct customers of Air France KLM. This means that anyone who paid for services through a third party will not be reimbursed, reports another media outlet. Michael Hausfeld, the freight shippers’ co-lead counsel, said that while the agreement represented a very important step forward, he looked forward to ensuring that all parties are compensated.Other airlines so far affected by investigations into the cartel include British Airways, Qantas, Cathay Pacific and Korean Air.last_img read more

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Related Crumpled City Maps reviewA new form of na

first_img RelatedCrumpled City Maps: reviewA new form of navigation which has eliminated many of the problems of paperWinner of Flights to New York AnnouncedA massive congratulations to Graham Forbes from London who was the lucky winner of the prize.Winners of Pets Welcome! guidebooks announcedWinners of Pets Welcome! guidebooks announced Thanks to everyone who entered our draw to win a Crumpled City map!Here are the lucky winners, who will each receive a Crumpled City map of their choice:Andrew Dommett, West MidlandsKate Ozel, DubaiConstance Fleuriot, BristolZoe Evans, CardiffSharon Manship, KentLouisa Thraves, LondonAndy Mitchell, GlasgowDave Devang, LondonBjorn Nystrom, SundbornSee our review of Crumpled Maps here:Remember to join Skyscanner on Facebook where you’ll be the first to hear about giveaways, and competitions.ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Maplast_img read more

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Deficit to GDP Debt to GDP

first_imgDeficit to GDPDebt to GDP Greece28.91% Italy$107,000$552,000 -8.5% -4.2% Dear Reader,Chris Wood here, filling in for David Galland. Today’s issue is full of good stuff. Robert Ross will kick it off with an interesting look at the future and economic implications of asteroid mining. Then Adam Crawford will delve into the troubling economic situation in France. And, of course, we’ll end it all with some Friday Funnies. Let’s get started. Space Prospecting: Planetary Resources and the Future of Asteroid MiningBy Robert Ross, Junior AnalystAlthough it may sound like it was ripped from the pages of an Isaac Asimov novel, asteroid mining could be a huge step forward for mankind. The concept has been around for over a century, with Russian scientist Konstantin Tsiolkovsky first postulating the idea in 1903. At the moment, the trek into the great asteroid-laden unknown is being led by one company – Planetary Resources.One thing Mr. Tsiolkovsky didn’t have was connections, something that Planetary Resources has in droves. With a lineup of investors and board members that includes various Google executives – including founder and CEO Larry Page and former CEO Eric Schmidt – acclaimed film director James Cameron, former Microsoft executive Charles Simonyi, and Ross Perot Jr., son of former presidential candidate Ross Perot. Seed funding shouldn’t be an issue.Nor did Tsiolkovsky have the vision. Planetary Resources has a three-step plan, with an aim to mine asteroids for water and precious metals. More specifically, the company intends to create a swarm of robotic spacecraft that can use artificial intelligence to coordinate complex mining operations without a human presence.The whole thing may seem like a bunch of eccentric billionaires getting together to throw hoards of money at a project with little possibility of success. But it’s not. According to the company’s president and chief engineer Chris Lewicki, Planetary Resources is already cash-flow positive:“When we started the company, one of the first things we did was to identify the roadmap that would get us from now until we got to the asteroids. That way, we could identify who would be interested in the things we’d be developing along the way. We already have contracts with NASA, some private companies, and even a few private individuals.”That roadmap starts with the Arkyd series 100, also known as the Leo Space Telescope. By designing and selling this “low-cost” telescope, the company believes it will be able to gain the necessary experience to develop more complex models, while generating cold, hard cash in the meantime.Artist conception of an Arkyd 100-series space telescope. (Credit: Planetary Resources)The Leo Space Telescope is designed to track and analyze the size and orbital patterns of near-Earth asteroids. But, in order to generate cash in the short term, the company plans to point some of the telescopes down at Earth. The satellites will gather vast amounts of data which can then be sold to universities, businesses, and governments. Planetary Resources claims the Leo Space Telescope will be sold on private markets at a price “in the single-digit millions,” making the Leo the first private space telescope on the market.The company plans to build on what it learns during the development and launch of the Leo Telescope to get to the next phase, the Arkyd Series 200 – Interceptor. The new fleet of satellites will have added propulsion capabilities, which will be used to hitch a ride on asteroids crossing through Earth’s neighborhood.According to Planetary Resources, two or more Interceptors can work in tandem to identify, track, and “fly by” near-Earth asteroids, capturing high-resolution data in the process.The new technology will also create an opportunity for the company to update our deep-space communication network. According to Lewicki, who has experience working on the Mars rover projects, the deep-space communication network currently in use is 50 years old and is based on primitive, Earth-based antennae. To improve upon this, the company seeks to develop small, low-power optical communications technologies to couple with the Interceptor, which would offer better communications than the limited bandwidth available on NASA’s network.The third phase of the project will expand upon the Interceptor design. By augmenting it with deep space laser communication capability, the Arkyd Series 300 – Rendezvous Prospector will allow the characterization of an asteroid’s value prior to mining operations, collecting data on the asteroid’s shape, rotation, density, and surface and subsurface composition. In short, the satellite will serve as a tool to establish which asteroids hold the most valuable resources and which are the most feasible to mine.The final phase is to actually mine these asteroids. Planetary Resources claims that the initial space-resource development projects will focus on water-rich asteroids. By focusing on water – which can be used in space for hydration, breathable air, radiation shielding, and formulating rocket fuel – the company hopes to enable large-scale exploration of the solar system.The company has a few ideas on how the actual mining operations will take place. One advanced technique mentioned by Lewicki is to harness the energy generated by the heat and cold differential on an asteroid; this is generated by sunlight hitting part of the asteroid while the rest is in shadow.. In theory, this should provide the energy needed to extract the targeted resources.Apart from making science-fiction fans cheer, mining asteroids has many implications for life inside and outside our atmosphere. It could make long-term space travel more feasible, since astronauts would not have to return to Earth to resupply certain essential resources, such as water, gas, oxygen, etc.Another attractive opportunity is the plethora of rare-earth metals – such as scandium, cerium, and gadolinium – contained in certain near-Earth asteroids. It’s speculated that a relatively small, 1.6-km diameter asteroid with the right physical characteristics could contain more than $20 trillion worth of industrial and precious metals. For example, near-Earth asteroid 16 Psyche is believed to contain 1.7×1019 kg of nickel-iron, which would be enough to supply current world production requirements for several million years. Not too shabby.Basic economics informs us that doubling or tripling the supply of anything while keeping demand constant will certainly drive down its price. If a Planetary Resources fleet returned from a voyage that increased the amount of gold on Earth by 100 times, the price of gold would certainly plummet.In step, by extending the reach of potential mining operations to space, Planetary Resources could potentially alter the way we currently conceptualize scarcity. It also has the potential to ruin the company’s return on investment.But Lewicki isn’t fazed:“Of course, it’s all about supply and demand, and we’re subject to those risks as much as any other company. But if we as engineers had materials that were best for a job and could use those materials all the time without thinking of the costs, it would change the world. It’s not about scarcity, it’s about access. Fundamentally, that’s what we’re focused on. We want to take opportunities and deliver value just like any other business. Only our business will extend the economic sphere into the solar system.Although this could leave some BIG GOLD subscribers shaking in their boots, don’t expect any of this to come to fruition any time soon. The company plans on launching its first Leo Space Telescope in 18-24 months, and it will probably be decades before any actual space mining takes place.Of course, the scientific community is not without skeptics. Former NASA aerospace engineer Louis Friedman says it would take “hundreds of millions of dollars” to get started. This shouldn’t be a problem considering Planetary Resource’s wealthy stakeholders and friends, not to mention the private sector’s ability to innovate and cut costs.It’s also worth noting that upcoming NASA mission OSIRIS-Rex will be engaging in some asteroid mining of its own. The mission’s goal is to harvest two ounces of material from an asteroid and return to Earth at a cost of about $1 billion. But we all know how efficient government-funded projects are.Private versus public arguments aside, there are some other fundamental issues related to asteroid mining. Friedman states that the company would have difficulty transferring raw materials extracted from asteroids back to Earth, given the cost of going in and out of Earth’s gravity well. So hang on to your gold.There’s also some competition, although it’s taking a different approach. Moon Express, led by Intelius founder Naveen Jain, seeks to mine the moon, and he’s already secured a $10-million NASA contract. But, considering the legal wrangling that would be involved with strip-mining the moon, I would be skeptical of the company’s outlook.In my opinion, both are interesting concepts that could have far-reaching implications for us here on Mother Earth. Could this technology allow humans to travel millions of miles into space, harvesting water and other nutrients from asteroids along the way?The science-fiction fan inside of me sure hopes so. France’s Economic CrisisBy Adam J. Crawford, Junior AnalystThus far, France’s troubled economy has eluded the spotlight of the popular press. This may soon change, however, as the realization that France’s economy is as fundamentally flawed as the highly publicized PIIGS economies takes hold.France looks like PIIGSFor many years, France has been on a borrowing binge while feeding those funds to its citizens through various entitlement programs. The amount borrowed each year has accumulated over time, resulting in the dangerously high level of debt to GDP seen today. Source: Bloomberg 107.8% Italy6.04% 120.1% -5.2% So far, France has escaped the wrath of the sovereign bond market. In fact, the yield on France’s 10-year bond recently slid to an all-time low. But the smart money is beginning to question the French government’s ability to repay its debt. The evidence can be seen in credit default swaps (CDS), which have spiked nearly 35% since March. The cost to insure $10 million in French debt for five years currently stands at $213,000 per year. This number is relatively small when compared to the cost to insure the debt of other troubled nations in the Eurozone. However, it is strikingly similar to the cost to insure the sovereign debt of these same troubled nations three short years ago. Italy Ireland$220,000$679,000 -9.1% David Hinman, comanager of SW Asset Management firm, believes insurance on French debt could soon follow the PIIGS’s path into the stratosphere:“The severity of French CDS’ going from 220 to 500 is going to be very meaningful and it could very easily happen. There is too much debt with very little prospects for them being able to work it out. I am not sure how all of this plays out.”This time isn’t differentOne thing is for sure: the boneheaded economic agenda of France’s newly elected Socialist leader will only make the country’s precarious financial situation much worse. Here’s a list of President Hollande’s most memorable campaign promises:Raise taxes on the “rich”Freeze fuel pricesIncrease welfare paymentsHire 60,000 new teachers; and“Make layoffs so expensive for companies that it’s not worth it” (my personal favorite).The scary thing is, implementing these reckless reforms should be a piece of cake given that the Socialists are likely to win a majority in the Parliamentary elections. If this does happen, expect to see soaring debt and a sinking stock market in the near future (just like last time the French elected a socialist leader).France’s economic predicament is but one of myriad opportunities the world’s shaky economy is presenting to self-directed investors. Some particularly intriguing speculations can be found in our flagship publication, The Casey Report, which is helping subscribers position themselves to profit from the Volatility Index, options on a Chinese index fund, and a host of emerging trends that Wall Street is ignoring.But perhaps the biggest opportunity that awaits subscribers – indeed, all investors – lies beneath the surface of the United States’ teetering economy. Friday FunniesCongratulations, GraduatesThe Source of Our ProblemsCongressional Express – Don’t Leave Home Without It!Greek MythologyThe Modern WorldThat’s it for today. Thank you for reading and subscribing to Casey Daily Dispatch.Chris Wood Senior Analyst Casey Research, LLC 165.3% Portugal 10.67% Greece Portugal$79,000$1,070,000 Spain6.51%center_img 10-year bond yield Ireland8.21% Spain France$39,000$213,000 -3.9% Spain$98,000$600,000 Source: Eurostat 2011 data 108.2% 85.8% 2012 2009 -13.1% Portugal This reckless borrowing ends and the painful – but necessary – economic contraction begins when the market punishes heavily indebted countries with higher interest rates. This is what is happening to Portugal, Ireland, Italy, Greece, and Spain. France Greece$162,000$8,161,000 Source: Bloomberg 68.5% Irelandlast_img read more

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