Month: July 2019

Harsh Vardhan Likely to Win Chandni Chowk Says News18IPSOS Survey

Harsh Vardhan Likely to Win Chandni Chowk Says News18IPSOS Survey

first_imgAs the country awaits the result of the World’s biggest democratic exercise, News18-IPSOS, an exit poll survey by Network 18, gives an insight into the probable outcome of the results.News18-IPSOS predicted that the BJP candidate Harsh Vardhan may emerge as a winner from the Chandni Chowk seat of Delhi. BJP’s Dr Harsh Vardhan is a sitting MP from Chandni Chowk and union minister for the Ministry of Science and Technology, Ministry of Environment, Forest and Climate Change and Ministry of Earth Sciences in the BJP-led NDA government. Congress’s Jai Prakash Agarwal, former MP (North-East Delhi), may be trailing as per the exit poll survey, along with AAP’s Pankaj Gupta.Gupta is the national secretary and a member of the Aam Aadmi Party’s Political Affairs Committee since the party’s inception in 2012.Earlier in 2014, BJP won all the seven constituencies of Delhi. The BJP had won Chandni Chowk seat with a margin of 13.9 per cent votes. BJP candidate Dr Harsh Vardhan polled 4,37,938 votes (44.6 per cent) defeating AAP’s Ashutosh who got 3,01,618 votes (30.7 per cent). Senior Congress leader Kapil Sibal was at the third position with 17.9 per cent votes.In 2004 and 2009, Congress’s Kapil Sibal had defeated the BJP candidates and served as a Lok Sabha MP for two consecutive terms.In 2009 election, Congress had swept all seven seats of Delhi. Sitting MP Sibal won the Chandni Chowk constituency. He defeated BJP’s Vijendra Gupta with a margin of 25.7 per cent votes. Sibal got 59.7 per cent vote-share.In 2004, Congress won six seats while BJP could manage to grab only one seat of South Delhi. Sibal had then won with 1,27,396 of votes (71.2 per cent) defeating BJP’s Smriti Irani. Irani had polled 26.8 per cent votes in 2004.The Lok Sabha elections in 2019 took place in seven phases across India in the time span of about a month and a half. A total of 543 seats went to polls in which around 900 million voters were expected to exercise their voting right.The final results will be announced on May 23. aapBJPchandni-chowk-s30p01congress First Published: May 20, 2019, 7:21 PM ISTlast_img read more

Modi a Charismatic Leader But Theres No Wave in Tamil Nadu Says

Modi a Charismatic Leader But Theres No Wave in Tamil Nadu Says

first_img congressCWCLok Sabha elections 2019NDA First Published: May 28, 2019, 1:03 PM IST New Delhi: Rahul Gandhi, who according to sources has made up his mind to resign after the election rout, has found support from an unlikely quarter: Tamil superstar-turned-politician Rajinikanth. Speaking to News18, Rajinikanth said Gandhi should not resign from his post despite sources saying that he has firmed up his decision to quit, which he had conveyed to the Congress at a post-mortem on Saturday by the Congress Working Committee. While senior Congress leaders, including sister Priyanka Gandhi and mother Sonia Gandhi, have been trying to convince him otherwise, he has asked them to find his replacement.The Tamil superstar also confirmed that he would attend the swearing-in ceremony of Prime Minister Narendra Modi in the capital on May 30, but also downplayed the ‘wave’ that helped him storm back to power. While he accepted that there was a Modi wave across the country, Rajinikanth said there was no Modi wave in Tamil Nadu.In the southern state, the UPA had won the 37 out of 38 seats that went to polls, with DMK making a stunning return to win 23 seats. The Congress, a junior partner in the state, had won eight seats.The actor-turned-politician, who is yet to float his political party even two years after his entry, further said that there have been other charismatic leaders in the past too.“Rajiv Gandhi was also a charismatic leader, after him there was Vajpayee. In Tamil Nadu, it was Jayalalithaa. Modi is also a charismatic leader, but in Tamil Nadu, Andhra Pradesh and Kerala, there is no Modi wave,” he said.The BJP had swept the heartland once again and made big strides in Bengal, Odisha and Telangana, but failed to make inroads in the south, outside of Karnataka, winning zero seats in all three states mentioned by Rajinikanth. But the near sweep in the north and central India was enough to propel the BJP to 303 seats, a tally higher than even 2014, as Modi became the only PM to return to power with an absolute majority after a full term after Indira Gandhi. last_img read more

Will Fully Cooperate With Centre to Improve Law and Order in Delhi

Will Fully Cooperate With Centre to Improve Law and Order in Delhi

first_imgNew Delhi: Delhi Chief Minister Arvind Kejriwal on Monday said that he will fully cooperate with the Centre to improve the law and order situation in the city, a day after his party held the BJP responsible for a spurt in crimes in the national capital.The city has reported nine murders since Saturday. “We need to work together to improve the law and order situation in Delhi. The Delhi government has started installing CCTV cameras at a large scale. This will help a lot in controlling crimes in the capital. We will get the feed of any crime taking place in the city. It will help in taking necessary steps immediately,” he said.”All agencies, governments and residents of Delhi need to work together. We will fully cooperate with the central government. Keeping politics aside, we need to work together to improve the law and order situation in the city,” Kejriwal said.All of us need to work together to improve the law and order situation in Delhi. Safety and security of each Delhiite is important for us. Delhi govt will provide all cooperation to Centre https://t.co/4iG5kdNFOd— Arvind Kejriwal (@ArvindKejriwal) June 24, 2019Earlier in the day, Aam Aadmi Party (AAP) leader Sanjay Singh said in the Rajya Sabha that Delhi was emerging as the “crime capital” of the country and urged the Home Ministry to convene a meeting to discuss the issue.Kerjiwal’s remarks come a few days after he assured Prime Minister Narendra Modi of his government’s cooperation to develop Delhi.At a meeting with the PM recently, he had said that he would examine the possibility of integrating the Centre’s Ayushman Bharat programme with his government’s health scheme in the national capital.Since the AAP came to power in 2015, the Delhi government has been at loggerhead with the Centre over several issues. Kejriwal, his ministers and party leaders have often accused the Modi government of creating hurdles for the city government. aam aadmi partyarvind kejriwalBJPNew Delhi First Published: June 24, 2019, 6:53 PM ISTlast_img read more

Huge Wastage of Money Opposition Leaders Flay KCRs Move to Build New

Huge Wastage of Money Opposition Leaders Flay KCRs Move to Build New

first_imgHyderabad: Leaders of Opposition parties in Telangana on Sunday decided to raise their voice against the proposed construction of a new secretariat and Assembly by Chief Minister K Chandrasekhar Rao as it would be a huge wastage of public money. Raising allegations of misappropriation of funds in the Kaleshwaram project, the leaders at the All Party Round Table conference here, claimed the chief minister was bent on constructing the new structures to make more money. The meeting was attended by members of the Congress, Telugu Desam Party (TDP), Communist Party of India (CPI) and other opposition parties. “This unilateral decision of KCR is to divert public attention from the crisis arising out of the Inter exams results and the consequent student suicides,” a leader said. State Congress chief Uttam Kumar Reddy said the proposed constructions were a “huge waste” of public money as the existing structures were safe.”I have served as an MLA for five consecutive terms and I am quite familiar with the Assembly premises. I have seen Assembly buildings of many States and now I am attending the Parliament sessions as an MP. In my opinion, the present Assembly, both in functioning and aesthetics is on par with Parliament if not better than it,” Reddy said in a release. “The same complex was used simultaneously for Assemblies of Andhra Pradesh and Telangana states,” he said.Terming the proposal for a new Assembly complex as “completely unjustified,” he said neither the Chief Minister nor anybody on behalf of the government has given any justification and the reasons for shifting it. Similarly, there was absolutely no reason to demolish the Secretariat and build a new structure at the same place, he said. Congress leader Revanth Reddy sought Governor ESL Narasimhan’s intervention, failing which he warned of moving the court.TDP leaders L Ramana, R Chandrasekahr Reddy and CPI’s Palla Venkat Reddy took part in Sunday’s meeting. On June 27, Telangana Chief Minister K Chandrasekhar Rao had laid the foundation stone for the construction of a new Secretariat building here at the existing location. The state Cabinet has appointed a Group of Ministers headed by Road and Buildings Minister V Prashanth Reddy for the construction of new Secretariat and Assembly complexes. The proposed new Legislature (Assembly) complex, which would be coming up at Errum Manzil, would house the Assembly, Council Halls, Central Halls. Referring to a media report, the state Congress chief said he was surprised to know that the chief minister has reportedly met a top judicial officer to brief him on irrigation projects when the matter was being heard by the Court. “Dilution of roles or nexus” between Executive and Judiciary was dangerous for the democracy,” he observed.(With inputs from PTI) ​ Assembly complexESL NarasimhanK Chandrasekhar RaoKCR First Published: July 7, 2019, 9:20 PM ISTlast_img read more

How to get that massive Minecraft Update 11 Discovery download

How to get that massive Minecraft Update 11 Discovery download

first_imgNew survival spawns will launch this week – two very awesome sets, in particular. Dustville Survival Spawn by Noxcrew – for the old west! One other in the “forgotten hills” is coming too: Fallen Keep Survival Spawn by Noxcrew. New worlds included in this update include Adventurer’s Deam and DestructoBot 5000 by Noxcrew. Blockworks bring Automaton Dreams, while Blockception brings ANNIE: The Rise of Londonium. There’ll also be a new set from Imagiverse called Relics of the Privateers, and a new QwertyuiopThePie creation called Space Battle Simulator.New features in the Minecraft 1.1 Discovery Update include Adventuring in Woodland Mansions, Exploration (with Shulker Boxes, Llamas, Dyeable Beds, and the ability to Smelt ingots to reclaim materials from tools made in the past) and new Glazed Terracotta and Concrete. Enchanting equipment with Frostwalking or Mending will be available in this update, too. The full Minecraft 1.1 Discovery Update changelog:• Minecraft Marketplace• Skyrim Mash-up Pack• Llamas• Shulker Boxes• Woodland Mansions• Cartographer Villager & Exploration Maps• Illagers (Evokers & Vindicators)• Vex• Concrete & concrete powder• Glazed terracotta blocks• Dyeable beds (and you can jump on them, too!)• Iron and Gold tools can now be smelted into Iron Nuggets and Gold Nuggets• Adventure Mode• New game rules: DoFireTick, DoMobSpawning, DoTileDrops, MobGriefing, DoEntityDrops, KeepInventory, DoMobLoot, DoDaylightCycle• New achievements• Mending & Frostwalking enchantments• Totem of Undying• Off-hand slot (only works for arrows & Totem of Undying)Users can access the new update by heading to the Windows 10 marketplace or to the mobile marketplace that makes the most sense for them. Head over to Google Play for Android devices. Head over to the iTunes App Store for iPhone and iPad. Users of the forever-popular game Minecraft will see an update to the game on Bedrock Engine platforms. That includes Windows 10 devices, mobile devices, and of course VR. Users will be able to participate in the Minecraft Marketplace for the first time ever. This means a whole lot of cash is about to change hands – lots and lots. Parents, hide your coin wallets. Users will be able to purchase a number of new Skin Packs when this update is released. These will include Team Up! By Razzleberry Fox, Pirates and Fishfolk by Imagiverse, Pastel by Eneija, and Everyday Heroes by Razzleberry Fox. Texture packs get a boost this week with PureBDcraft by BDcraft and Stone Age by Polymaps. center_img Story TimelineMinecraft gets some Mighty Power Rangers skinsMinecraft Marketplace will offer curated maps and skinsNintendo Switch upcoming games detailed: Mario Kart 8 Deluxe, Minecraft and moreCode Builder for Minecraft Education Edition beta available nowMinecraft Magic the Gathering skins mashes two worlds togetherMinecraft launches for Nintendo Switch todaylast_img read more

Android battery drain here are the worst apps today

Android battery drain here are the worst apps today

first_imgPublished today is a list of the worst of the worst apps and services for Android battery drain. This list comes from Avast, a group whose Android App Performance and Trend Report lends insight into the various apps that drain Android battery as well as how and where they make this drain happen. This includes complicated answers like Google Play Music being a big battery drainer, but only when used at the same time as an Ad Blocker app – the two clash quite badly. Story TimelineSamsung Galaxy Note Fan Edition teardown reveals new batteryGalaxy S8 battery: What you should (and shouldn’t) worry aboutApple sued by State Farm over iPhone 4S fire: battery blamedRing Spotlight Cam comes in three editions: wired, battery, and solarAndroid to get Bluetooth Battery Indicator at long lastiPhone 8 X-ray confirms wireless charging, L-shaped battery Samsung Galaxy PhonesIf you’ve got a Samsung Galaxy S8, or Galaxy S7, or Galaxy S6 – or basically any Samsung Galaxy phone released in the past 10 years or so, there’s a chance this one app found its way into your system. While Samsung discontinued developing the Samsung Media Hub, some users still have it. Some users still go on to USE the app, and because of this, their batteries suffer in a big way.In addition, several other Samsung-made Samsung apps (with Samsung in their title, to be extra clear) have appeared on the topmost resource-draining apps for Samsung smartphones. Other entries on the battery-drain list from Avast include Samsung Push Service, Samsung WatchOn, and the elderly “AllShare Cast Dongle Software Update.” Just delete that last one right this minute.The List for AllThe following list runs down the Top 10 Battery Draining Apps – as found by Avast in their extensive study. This list has some apps that only run on some unique phones – but most are for everyone. The ones that are unique to Samsung devices are Samsung WatchOn and Samsung’s Video Editor. SEE TOO: I’m getting 2-day battery on iPhone – here’s howTop 10 biggest battery draining apps on Android devices:10. ES File Explorer File Manager by ES Global9. BBC News8. Microsoft Outlook7. LINE (the Free Calls & Messages app)6. Clean Master by Cheetah Mobile5. Snapchat4. Spotify Music3. Netflix2. Samsung’s Video Editor1. Samsung WatchONIt’s important to note that these apps can be on this list because they require lots of power for a short period of time. The video editor from Samsung certainly fits that description – while an app like Clean Master will drain your battery passively. Also of note: Clean Master may seem like a smart app to have, but Android automatically does the “cleaning” this app is supposed to do, without its help. As such, Clean Master is a completely useless app if used just for the “cleaning” it suggests its best for.There’s a separate list for games – and the list, apparently, hasn’t changed much since Avast started their study several years ago. These apps just DO NOT get any better. They’re super duper drainers, the lot of them.Top 5 biggest battery draining games on Android devices:5. My Talking Tom by Outfit74. Clash of Clans by Supercell3. Piano Tiles 2 by Cheetah Games2. Candy Crush Soda Saga by King1. Candy Crush Saga by KingYou can play all these games all you want – play your pianos and talk to Tom, all day long. But you’ll need a big battery to do it. The biggest battery in a smartphone we’ve reviewed (positively) this year so far is the Moto E4 Plus from Motorola, a Lenovo company.last_img read more

Meltdown Spectre affect Mac iOS but there are no known exploits

Meltdown Spectre affect Mac iOS but there are no known exploits

first_imgBoth Meltdown and Spectre exploit the capabilities of modern processors from different angles but in the same manner. They basically take advantage of the fact that CPUs try to execute code that it predicts will be needed next. And because of a flaw in CPU design, user space, a.k.a. regular programs, can access supposedly protected kernel space memory in order to inject malicious code that the CPU will unwittingly execute in advance.Apple acknowledges that its devices, be it Macs, iPhones, or iPads, are affected by the two vulnerabilities. Interestingly, the Apple Watch is said to be immune. That said, Apple also assures users that there are no known exploits taking advantage of these bugs and it hats already issued patches that mitigate the vulnerability.Meltdown is the slightly more interesting case because fixes for it necessarily change the way CPUs handle memory and the aforementioned “speculative execution”. And this, unfortunately, leads to a performance hit. Apple says, however, that its December 2017 update for iOS 11.2, macOS 10.13.2, and tvOS 11.2 showed no measurable reduction in performance according to benchmarking tools.The circumstances that could lead to using the Spectre vulnerability might be a bit more difficult to achieve but can still be done using Javascript running on a web browser. As such, Apple will be rolling out an update for Safari, both on macOS and iOS, to mitigate it. Again, no performance problems were reported in Apple’s testing.SOURCE: Apple The computing industry has just gotten its first security scare of the year and boy is it a big one. Nicknamed Meltdown and Spectre, the security vulnerabilities take advantage of how modern processors work on the hardware level, making it a tad difficult to fix without repercussions. Plus, it affects not just in Intel but AMD and even ARM CPUs as well and doesn’t discriminate between operating systems either. So while Macs and iOS devices, often hailed for being very secure, aren’t immune, Apple’s latest bulletin basically says stay calm and keep updated. Story TimelineCPU flaw: Key details of the huge processor problem [Fixes are here!]Intel’s bug response: It’s not just us! [UPDATE: AMD, ARM, Google statements]Google reveals CPU security flaw Meltdown and Spectre detailsIntel Spectre and Meltdown updates released: How to protect yourselflast_img read more

2020 Toyota RAV4 TRD OffRoad gives compact SUV a rally makeover

2020 Toyota RAV4 TRD OffRoad gives compact SUV a rally makeover

first_imgThe Toyota Racing Development team continues to have its way with the automaker’s SUVs, and now it’s the turn of the new 2020 RAV4 to get the rally-inspired treatment. The 2020 Toyota RAV4 TRD Off-Road takes the fifth-gen compact SUV and gives it an even more rugged makeover, as previewed at the Chicago Auto Show 2019 this week. It’s the first time the RAV4 has been given the TRD service, with the SUV joining vehicles like the Sequoia and Tacoma. What’s important is that this isn’t some design package, changing the 2020 RAV4’s looks but leaving the mechanics unmodified. So, the Toyota Racing Development team started with the new RAV4 Adventure trim, and then changes up the suspension, wheels, and tires. The goal was to make a trail driving monster, the automaker says. That means TRD 18-inch Flow-Formed matte black aluminum wheels, shod in Falken Wildpeak A/T Trail All-Terrain Tires. The 2.5-liter Dynamic Force engine is the same, its four-cylinders delivering 203 horsepower. It’s still paired with an 8-speed Direct Shift Automatic Transmission, too, and has three drive modes; Sport, Normal, and Eco. It’s rated to tow up to 3,500 pounds. AdChoices广告However, there’s now Dynamic Torque Vectoring All-Wheel Drive as standard. That can push up to 50-percent of the SUV’s torque to the rear wheels, whereupon it can then be direct left or right according to which has the most traction. There are multiple off-road drive modes, too, using the Multi-Terrain Select system: Mud & Sand; Rock & Dirt; and Snow. Torque distribution is shown in the multi-information display on the dashboard, as is slip control data. Hill Start Assist Control, Trailer Sway Control, and Downhill Assist Control are all standard. At the opposite extreme, the RAV4 TRD Off-Road can also disconnect the rear wheels from the driveline altogether, to save on gas. Outside, TRD throws on high-rise roof rails, larger over-fenders, and new aggressive bumpers. There are also new grilles and new fog light surrounds. The Rally RAV4 inspires the off-road suspension tuning, with new red coil springs tweaked for off-road use. Twin-tube shocks get new valves, along with new internal rebound springs for more rebound control. Updated bump stops improve how the SUV handles large bumps and dips. NOW READ 2019 Toyota RAV4 first-drive reviewOn the inside, meanwhile, there’s red accent stitching and trim elements, while the seats get SofTex for more durability than normal leather. There are TRD logos stitched into the headrests, along with TRD all-weather floor mats and a matching rear cargo mat. Toyota Safety Sense TSS 2.0 – with pre-collision braking with pedestrian detection, adaptive cruise control with lane departure alerts and steering assist, lane tracing assist, road sign assist, and automatic high beams, is standard, as are blind spot monitoring, rear cross traffic alerts, and rear cross traffic braking. Toyota will offer the 2020 RAV4 TRD Off-Road in two-tone Magnetic Gray Metallic paired with an Ice Edge Roof, which will be exclusive to the model. Midnight Black, Lunar Rock, Ruby Flare Pearl, and Super White will also be offered. Pricing will be confirmed closer to availability later in the year. Story Timeline2019 Toyota RAV4 first look: SUV bestseller gets new AWD, CarPlay, morelast_img read more

Preventable ER Dental Care In Florida Cost 88M In 2010

Preventable ER Dental Care In Florida Cost 88M In 2010

first_imgPreventable ER Dental Care In Florida Cost $88M In 2010 This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. In Florida, preventable ER visits for dental care cost that state $88 million, a new report said. In the meantime, California lawmakers sent the governor a bill for his approval that would give low-income children a new way to get dental care.Health News Florida:  Lack Of Preventative Dental Coverage Ends Up Costing State:  ReportThere were 115,000 emergency-room visits for preventable dental conditions in Florida in 2010, at a cost of $88 million, the report by Florida Public Health Institute said.  A third of those visits were charged to the state Medicaid program at a cost of almost $30 million, according to the report, raising the question of whether the same amount could have been used to prevent the emergencies from occurring.  But only 8 percent of dentists in the state accept Medicaid in their offices, said the report, which the Institute conducted on behalf of Oral Health Florida, a coalition of dentists, hygienists and other public-health advocates (Gentry, 6/25).CHCF Center For Health Reporting/Sacramento Bee: Bill To Improve Dental Services For Sacramento County’s Poor Children On Governor’s DeskSome low-income children in Sacramento County who have tried but failed to get dental care would have an escape route under a bill awaiting action by the governor. … The measure — by Senate President Pro Tem Darrell Steinberg, D-Sacramento — would allow some children who, despite trying, haven’t been able to see a dentist within four weeks for routine appointments and 24 hours for emergencies to switch to a “fee-for-service” program that offers more flexibility. It also creates new accountability and reporting requirements for dental plans participating in Medi-Cal managed care programs in both Sacramento and Los Angeles counties (Bazar, 6/26).In other news related to difficulties faced by low-income people seeking dental care – iWatch News:  How Low-Income Adults Get Locked Into Debt For Dental TreatmentAspen Dental is a chain of nearly 350 offices in 22 states managed by a company owned by a private-equity firm. It is part of a fast-growing industry of corporate dental practices, many of which specialize in serving people who cannot afford to go to the dentist, a group many dentists ignore. By marketing to people who haven’t seen a dentist in years, Aspen Dental often gives new patients treatment plans costing thousands of dollars. The Center for Public Integrity (CPI) and PBS Frontline spent months examining Aspen Dental and found that the same business model that makes Aspen Dental accessible to people short on cash can also lock people into debt and has led to complaints of patients being overcharged or given unnecessary treatments (Heath/Rosenbaum, 6/26).Bloomberg:  Dental Abuse Of U.S. Poor Dodges Ejection From MedicaidThe company behind a chain of dental clinics that mistreated pediatric patients was caught breaking health-care rules so often that U.S. regulators threatened to expel it from Medicaid in March, according to newly released documents and interviews with federal officials.  Now the troubled, closely held firm has emerged with a new name and new owners from a bankruptcy reorganization prompted by disputes with regulators. It still has to resolve an audit report from April that found children who visited a Maryland Small Smiles clinic allegedly were restrained improperly during dental treatments and subjected to medically unnecessary root canals on baby teeth, according to government officials familiar with the confidential review (Freedberg, 6/26).last_img read more

New Analysis Finds More Seniors Living In Poverty

New Analysis Finds More Seniors Living In Poverty

first_imgNew Analysis Finds More Seniors Living In Poverty The estimate, which takes health spending and other factors into account, concluded that 1 in 7 seniors lives in poverty. Projections indicate that number could go up if certain Medicare reforms took effect. Politico: Report: More Seniors Are Living In PovertyAn alternative census estimate shows that more of America’s seniors than originally thought are living in poverty — and that means the poverty rate could spike under certain Medicare reforms, a new analysis finds. The estimate, which takes into account health spending and regional cost of living, finds 1 in 7 seniors lives in poverty. It was previously thought that just 1 in 10 did (Smith, 5/21).The Washington Post: Senior Poverty Is Much Worse Than You ThinkBut under the [supplemental poverty measure], you’d count as poor as $15,000 – $10,000 = $5,000, which is below the relevant SPM threshold. And despite having Medicare, many seniors struggle with out-of-pocket medical bills. As my colleague Michelle Singletary pointed out over the weekend, the Employee Benefit Research Institute has found Medicare only pays for about 60 percent of seniors’ total health costs. Sarah has written about how out-of-pocket costs tend to pile up particularly at the end of seniors’ lives. Due in part to such burdens, a new Kaiser Family Foundation report finds that the SPM poverty rate for senior citizens is actually higher than the official rate: 15 percent vs. 9 percent. And when you include people living within 200 percent of the poverty line, the picture under SPM looks even worse (Matthews, 5/20). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.last_img read more

States Seek Ways To Address Marketplace Trouble Spots Also Report Progress

States Seek Ways To Address Marketplace Trouble Spots Also Report Progress

first_imgNews outlets report on the fits and starts of state online health insurance marketplaces in Maryland, New York, Kentucky, Minnesota, Texas, Florida, California and Colorado — just to name a few. Kaiser Health News: Across The Country, Consumers Carefully Weigh Rollout Of MarketplacesAcross the country, consumers, advocates and officials are carefully watching the rollout of the health law’s insurance marketplaces as they try to evaluate what works and what doesn’t. Many people have encountered technical glitches, especially in the first hours after the marketplaces opened Tuesday. But for some of those who rushed to see what plans would be available, those snags didn’t dampen their initial enthusiasm (10/2).The Associated Press/Washington Post: Md. Explores Alternative Ways To Create Accounts To Use Online Health Insurance MarketplaceAs Maryland’s new online marketplace for health insurance continues to have trouble handling a deluge of requests to set up accounts, state health officials are exploring alternative ways to create those accounts, the state’s health secretary said Wednesday. Dr. Joshua Sharfstein said tens of thousands have visited the site but fewer than 100 people so far have actually enrolled in a health plan through Maryland Health Connection. Sharfstein estimated that hundreds have been able to create accounts online (10/2).The Associated Press/Washington Post: NY Health Care Website Slammed By 30 Million Hits; State Monitoring For Any Attack, ProtestState Department of Health Executive Director Donna Frescatore said the agency doubled the website’s capacity after users experienced delays and other difficulties entering. New York is constantly monitoring the website for “robots” which could inundate the system as a protest or as a way to disrupt the health care program. But no evidence has been found. The department said evidence of an attack or protest could be seen immediately (10/2).The Wall Street Journal: New York Health Insurance Exchange LaunchesThousands of New Yorkers struggled Tuesday as they sought to use a balky new website that hosts the state’s new health-insurance exchange, but officials pledged to fix the bugs and took heart that the site received unexpectedly high traffic on its first day. … The state’s online marketplace, which opened for business as enrollment for insurance under the federal Affordable Care Act began around the U.S., was receiving upgrades to handle more traffic late Tuesday, Ms. Frescatore said. The website recorded more than 10 million hits, while about 9,000 people were able to shop. The site counts every hit, regardless of whether someone was able to get onto the site, a spokesman said (Dawsey, 10/2).The Wall Street Journal’s Washington Wire: Why Kentucky’s Health Exchange Worked Better Than Many OthersWhile Kentucky’s health-insurance exchange experienced some glitches when it launched Tuesday, it seemed to perform better than many of its peers. State officials and outside experts attribute the smoother rollout to a variety of factors, including intensive testing of the system, a less-flashy but more-efficient website and strong coordination among state agencies involved in the effort. As a result, Kentucky’s exchange, dubbed Kynect, logged solid results in the first day and a half of operation. As of 4:00 p.m. Wednesday, 10,766 applications for health coverage had been initiated, 6,909 had been completed and 2,989 individuals or families had enrolled in new coverage (Campo-Flores, 10/2).Pioneer Press: MNsure Shoppers Find New Website’s Waters Still ChoppyPeople in Minnesota and around the country seeking health insurance online reported some trying times Wednesday. Several Internet users of MNsure, the new state-run health exchange, said they couldn’t create the accounts needed to see premium discounts that might come with federal tax credits and later to buy coverage (Snowbeck, 10/2).Minnesota Public Radio: Some MNsure Glitches PersistThe glitch started with a MNsure server problem that was corrected yesterday. But agency officials now say the problem is largely out of MNsure’s hands. It stems from a security policy that bars users who make three failed attempts at creating accounts from trying again for seven days. The site also is hampered by heavy use of the federal hub, a massive database that contains personal information required to verify someone’s identity. While state officials urge patience, insurance companies that participate in the exchange already are complaining about the problems. Locally and nationally, the “overall [exchange] experience is pretty clunky,” said Scott Keefer, vice president of Policy and Legislative Affairs for Blue Cross and Blue Shield of Minnesota. “I think with that clunky experience comes concerns as to whether enrollment is going to go as smoothly” as possible (Richert and Stawicki, 10/2). Minnesota Public Radio: Problems Using MNsure? Officials Urge PatienceMNsure officials say that consumers have created more than 2,500 accounts, but won’t say how many of those users actually enrolled in a health plan. Frustration about the enrollment glitches is spreading to the health insurance industry and social service providers, where officials are raising concerns that prolonged problems may reduce overall enrollment (Stawicki, 10/3). The Star Tribune: MNsure Health Insurance Exchange Busy, But Still BumpyFrustrations with identity verification were among the complaints that emerged as Minnesotans started logging on to the MNsure health insurance exchange, a new online marketplace that launched Tuesday as part of the federal health care law. But volume remained high. By early Wednesday afternoon, more than 2,500 accounts had been created, though no data was given for how many people bought insurance. The call center had received 425 calls by 2 p.m., and the website was seeing 2,000 to 3,000 users at a time. MNsure executive director April Todd-Malmlov has acknowledged “a few bumps in the road,” including a server crash shortly after the site went live, but said MNsure’s IT crew was tracking issues and “fixing them as they come up” (Olson and Crosby, 10/3). The Associated Press: Texans Getting Health Care In Person; Web Glitches Not A DeterrentLuis Veloz wasn’t going to wait for the federal government to work out the kinks in its website before enrolling in the nation’s new health insurance system. Instead, he rushed to fill out a paper application and mailed it in, eager to have a plan that would prevent him from racking up major medical bills like his parents. As Texas residents encountered difficulties with the website for a second day, those trained to assist with the process said callers are simply asking for a nearby location where they can complete the process the old-fashioned way: in person and on paper (Plushnick-Masti, 10/2).Miami Herald: Insurance Exchange Woes Continue In FloridaSouth Florida consumers reported a second consecutive day of technical problems on Wednesday that locked them out of the online health insurance exchange on HealthCare.gov that is key to the Affordable Care Act. Wednesday marked day two of a six-month open enrollment period, during which eligible low- and middle-income consumers can sign up for subsidized health insurance through the federally run website (Benn, Borns and Chang, 10/2).California Healthline: Exchange Opens For Business, Officials Call It A Bridge To Health Care For MillionsYesterday, as people were still absorbing the news from Washington about the largely Republican move to shut down the government if they can’t shut down health care reform, Lee said that the public response in California to health care reform was a little different. The three call centers in the state are fully staffed and answering phones nonstop, and the Covered California website activity is off the charts, [California Exchange Executive Director Peter] Lee said (Gorn, 10/2).Health Policy Solutions (a Colo. news service): Clogged Websites, Swamped Phone Lines Mark Obamacare Opening DayIn Colorado, exchange managers gathered at their Denver headquarters just before 8 a.m. to switch the system on. They said about 79,000 individuals had visited the Connect for Health Colorado website and the website had gotten over 12 million hits by 8 p.m. on the first day. In the first hours, many customers could not create new accounts, and technology managers had to re-boot the system to try to handle traffic jams (Kerwin McCrimmon, 10/2). States Seek Ways To Address Marketplace Trouble Spots; Also Report Progress This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. 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State Highlights Colo Rejects Bill On High Uncovered Doctor Bills Iowa Supreme

State Highlights Colo Rejects Bill On High Uncovered Doctor Bills Iowa Supreme

first_img The Des Moines Register: Telemed-Abortion Ruling Coming Friday A troubled Massachusetts managed-care program for low-income people who are dually eligible for Medicaid and Medicare will continue despite one of its leading plans dropping out of the program. Nearly two years ago, Massachusetts became the first state to enter into an agreement with the CMS to offer dual-eligible beneficiaries coverage plans that combined Medicaid and Medicare benefits into one plan to better coordinate their care. Enrollment in the so-called One Care program began Oct. 1, 2013. Participation is optional, but beneficiaries must explicitly opt out. (Dickson, 6/18) The Iowa Supreme Court is expected to rule whether a state medical board overstepped its authority by requiring doctors to be in the room when a woman receives abortion-inducing medication rather than allowing it to be administered remotely via video conferencing. The court indicated on its website that it would issue an opinion Friday in Planned Parenthood of the Heartland’s lawsuit against the Iowa Board of Medicine. An opinion that effectively supports the board’s restrictions could have big implications for women who live far from Iowa’s clinics that provide abortion services, which are all in bigger cities. (Rodriguez, 6/18) The Associated Press: Iowa High Court To Rule On Telemedicine Abortions Ban The Denver Post: Republicans, Medical Orgs. Defeat Bill Aimed To Protect Patients From Unexpected Physician Charges An attorney for the state of Tennessee told a federal appeals court Thursday that a court order is not needed to protect TennCare applicants because they are no longer being left in indefinite limbo. The state wants the court to dismiss on technical grounds a lawsuit filed last July by applicants for TennCare, the state’s version of Medicaid. (Loller, 6/18) The Associated Press: Tenn. Says Lawsuit Not Needed To Protect TennCare Applicants Iowa’s Supreme Court is to decide Friday whether to shut down Planned Parenthood of the Heartland’s controversial telemedicine-abortion system. The case, which is being watched nationally, is believed to be the Iowa court’s first direct consideration of an abortion issue in more than 40 years. More than 7,200 Iowa women have used the system to obtain abortion-inducing pills since 2008. The first-in-the-nation system allows Planned Parenthood doctors in Des Moines or Iowa City to interact via video with patients in outlying clinics, then dispense the pills to the women. (Leys, 6/18) The Connecticut Mirror: Malloy’s ‘Across-The-Board’ Cuts Target Education, Town Aid And Social Services Los Angeles Times: CalPERS Approves 7.2% Increase In HMO Rates As Drug Costs Climb The Nashville Tennessean: $3M Settlement Approved In Guardian Home Care Overtime Case center_img State Highlights: Colo. Rejects Bill On High Uncovered Doctor Bills; Iowa Supreme Court To Rule On Telemedicine Abortion Ban News outlets report on health care developments in Colorado, Iowa, Massachusetts, California, Indiana, Kentucky, Connecticut and Tennessee. A trio of deadly afflictions is ripping through a rural county in southern Indiana. More than 130 patients in Scott County, Ind., tested positive for HIV in less than a year, making the community of about 24,000 people the site of one of the worst outbreaks in decades. (Shepherd, 6/18) Citing higher drug prices, the California Public Employees’ Retirement System said its HMO premiums are rising by 7.2% next year. Rates for PPO, or preferred provider organization, plans are going up even more at 10.8%, on average, for 2016. (Terhune, 6/18) Republicans on the Senate Business, Labor and Technology Committee Monday defeated a bill with a party-line 5-4 vote that would have protected patients from unexpectedly high, uncovered bills from doctors. Bill opponents said it would give insurance companies unfair leverage in negotiations with health care providers. (6/18) This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. To offset new taxes that have rankled business groups, Gov. Dannel P. Malloy proposed trimming up to 1.5 percent of discretionary spending in the new state budget. But the administration’s proposal shows the bulk of the cuts would be likely to fall on education, municipal aid, health care and social services. (Levin Becker and Phaneuf, 6/19) Modern Healthcare: Health Plan Bolts Dual-eligible Demo In Massachusetts A federal judge in Nashville has approved a $3 million settlement in a case brought by nurses for Guardian Home Care who said they were not properly being paid overtime.The nurses said Guardian violated the federal Fair Labor Standards Act. Their attorneys said Guardian did so using a scheme that also is used at other health care companies. (Barchenger, 6/18) Los Angeles Times: Louisville Needle Swap Aims To Stop Repeat Of Nearby HIV, Hepatitis C Outbreaks last_img read more

La Liga punished over clever − but very sneaky − piracy detecting

La Liga punished over clever − but very sneaky − piracy detecting

first_imgLa Liga has been hit with a €250,000 fine because of its… questionable piracy-sniffing methods.The Spanish football league’s official Android app has been sneakily doubling up as a pirate stream detector. It emerged last year that the app had been using the microphone of the device it was installed on to listen in to the user’s surroundings and work out if a La Liga match was being played in the vicinity.Read more: Best free VPNThat was then being cross-referenced with GPS data to figure out the user’s location, and work out whether the game was being shown legally or illegally by a bar or similar premises that requires a license.Spain’s AEPD data protection agency issued the fine this week, after determining that La Liga hadn’t made it clear enough to users that the app would be used for this particular purpose (via El País).The app’s Google Play description makes no reference to piracy detection. However, buried in the (difficult to access) Terms and Conditions, you’ll find this passage:“To detect fraudulent behaviour related to the reproduction of football contents in unauthorised public establishments. If you accept the specific and optional box enabled for this purpose, you consent to the access and use of your mobile device’s microphone and geopositioning functionalities so that LaLiga knows from which locations football is being streamed and thus detect any fraudulent behaviour by unauthorised establishments. Activation of both the microphone and geopositioning of your mobile device will require your prior acceptance of our pop-up window. Said window will be displayed when you download the APP.“By activating the microphone functionality, the user is hereby informed that LaLiga will only be able to record small and coded audio fragments / acoustic fingerprints. The purpose by which these fingerprints will be recorded is to adequately identify the broadcasting of an official LaLiga fixture. Because of the specific purpose of this processing, the APP may only access information through your microphone during the time slots of LaLiga’s matches. The acoustic fingerprint is automatically encoded in the telephone itself by means of an algorithm that impedes its reversal. This means that once the sound is encoded such information is turned into anonymized information and it is impossible to reverse the acoustic fingerprint and thus convert it back into user-identifiable audio. The user is also informed that LaLiga will not be able to process his/her information at any time shall the user not check the specific consent box that has been assigned as a means of acceptance of this purpose.”Not exactly crystal clear, especially when you consider that the popup referenced above (that appears when you first download the app) is pretty vague. Here it is:“Shall you authorize us to do so, we will furtherly process your personal data … for the detection of fraudulent behaviours from unauthorised establishments related to the consumption of the football product.”Read more: Best VPNLa Liga, however, is appealing against the AEPD’s decision. “La Liga disagrees profoundly with this decision, rejects the penalty imposed as unjust, unfounded and disproportionate and considers that the AEPD has not made the necessary efforts to understand how the technology works,” it said in a statement.According to El Pais, La Liga had always been planning to stop using this method on June 30, but will continue to work on new methods of detecting piracy. Show More Unlike other sites, we thoroughly review everything we recommend, using industry standard tests to evaluate products. We’ll always tell you what we find. We may get a commission if you buy via our price links.Tell us what you think – email the Editor We’d also like to send you special offers and news just by email from other carefully selected companies we think you might like. Your personal details will not be shared with those companies – we send the emails and you can unsubscribe at any time. Please tick here if you are happy to receive these messages.By submitting your information, you agree to the Terms & Conditions and Privacy & Cookies Policy. Sign up for the Mobile NewsletterSign Up Please keep me up to date with special offers and news from Goodtoknow and other brands operated by TI Media Limited via email. You can unsubscribe at any time. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.last_img read more

Musk Confirms Record Tesla Sales Provides Exec Updates

Musk Confirms Record Tesla Sales Provides Exec Updates

Here’s the email in its entirety:Company UpdateSeptember 7, 2018The following email was just sent to Tesla employees:First, I’d like to thank you for your incredible efforts and contribution as we enter the final few weeks of this quarter. This is a very exciting time for Tesla, to say the least, and you are the reason for the tremendous progress we’ve made in a relatively short period of time. It is easy to forget that our company was almost unknown 10 years ago and didn’t even exist until after the start of the 21st century!We are about to have the most amazing quarter in our history, building and delivering more than twice as many cars as we did last quarter. For a while, there will be a lot of fuss and noise in the media. Just ignore them. Results are what matter and we are creating the most mind-blowing growth in the history of the automotive industry. Even the Ford Model T, which held the world record for the fastest growing car in history, didn’t grow as fast in sales or production as the Model 3.Moreover, we also have the most exciting new product lineup of any company in the world. There is the Model Y, the Tesla (pickup) Truck, the Semi and the new Roadster. Then there is the Solar Roof, which is spooling up in production, and continued advancements in Powerwall and Powerpack. And that’s just what people know about …To help achieve our goals, after discussing this in-depth with the Tesla board of directors and executive staff over the past several weeks, I am excited to announce a number of management changes:Jerome Guillen has been promoted to President, Automotive, reporting directly to me. In his new role, Jerome will oversee all automotive operations and program management, as well as coordinate our extensive automotive supply chain. Jerome has made major contributions and acquired deep knowledge of Tesla’s operations over the past eight years at our company, from being the first Model S Program Manager to managing all vehicle programs, then all vehicle engineering and worldwide sales & service. Recently, Jerome played a critical role in ramping Model 3 production, leading what almost all thought was impossible: creation of an entire high-volume General Assembly line for Model 3 in a matter of weeks. Before coming to Tesla, Jerome was responsible for creating and running the most successful semi truck program in history at Daimler’s Freightliner division.Kevin Kassekert has been promoted to VP of People and Places, with responsibility for Human Resources, Facilities, Construction, and Infrastructure Development. Kevin has been with Tesla for 6 years and was previously VP, Infrastructure Development. Kevin led the construction and development of our Gigafactory in Nevada, turning what was a pile of rocks in the Sierra Nevada mountains into a factory employing 12 thousand people with greater output than the entire rest of the world’s battery factories combined, in roughly three years. That is insanely badass. Prior to joining Tesla, Kevin engineered and built multi-billion dollar production plants in the semiconductor industry. As many of you know, Tesla’s Chief People Officer Gaby Toledano has been on leave for a few months to spend more time with her family and has decided to continue doing so for personal reasons. She’s been amazing and I’m very grateful for everything she’s done for Tesla.Chris Lister joined Tesla last year and was key to solving our production problems at the Gigafactory and ramping Model 3 production. He is being promoted to VP, Gigafactory Operations. In this role, he leads our production and manufacturing engineering at Giga. Before Tesla, Chris ran several ultra high volume factories at PepsiCo.Felicia Mayo, Sr. HR Director and head of our Diversity and Inclusion program, has been promoted to VP, reporting to both Kevin and me. Felicia has done great work promoting the importance of having one of the most diverse workforces in the world and ensuring fairness across hundreds of roles and Tesla operations in over 50 countries. She previously worked in senior HR roles at PwC and Oracle, and, most recently was Vice President, Global Talent Acquisition and Diversity for Juniper Networks.Laurie Shelby, Tesla’s VP, Environmental, Health and Safety (EHS) will also report directly to me. Your safety and just generally making sure that you love coming to work is extremely important, which is why EHS will report directly to me. We are working hardcore on having the safest (and most fun) work environment in the automotive industry by far. Laurie came to Tesla last year after a 25+ year career at Alcoa, where she made tremendous progress in workplace safety. Since joining, she has already overseen a reduction in our employee injury rate, as well as major improvements in our EHS program.Cindy Nicola, VP of Global Recruiting, will report to both Kevin and me. Cindy has overseen the company’s global recruiting efforts since 2015, bringing on tens of thousands of highly talented people. Prior to Tesla, Cindy led worldwide Corporate Recruiting at Apple, and before that was VP, Global Talent Acquisition at Electronic Arts.Finally, Dave Arnold has been promoted to Sr. Director, Global Communications, overseeing Tesla’s communications team. Dave was previously Director of Corporate Communications at Virgin America.Thanks again for your incredible work in making Tesla successful. What you are doing is vital to achieving an amazing and sustainable energy future for all of humanity and life on Earth.Elon Source: Electric Vehicle News Tesla Model 3 Sales Starting To Track Original S-Curve… and LOL-Curve Some highlights include:We are about to have the most amazing quarter in our history, building and delivering more than twice as many cars as we did last quarter.We also have the most exciting new product lineup of any company in the world. There is the Model Y, the Tesla (pickup) Truck, the Semi and the new Roadster.But really, the main point here is the sales ramp, not only of the Model 3, but the S and X, too. Of which, Musk previously Tweeted:Tesla 1st, 2nd & 3rd in August sales https://t.co/npDKC9QEpP— Elon Musk (@elonmusk) September 6, 2018 Tesla Model 3 Sales Hit Epic Volume In August Tesla Model 3 Outsold All BMW Passenger Cars In US In his own words, even the mighty Ford Model T is no match for the Model 3 sales ramp, says Musk.In a wide-ranging congratulatory email sent to Tesla employees, CEO Elon Musk confirmed record sales for Tesla and provided a rundown of executive changes underway.More Model 3 Sales New Author Liberty Access TechnologiesPosted on September 7, 2018Categories Electric Vehicle News read more

VW to join Tesla in the charging and energy storage businesses

VW to join Tesla in the charging and energy storage businesses

first_imgSource: VW via Green Car Reports Volkswagen has announced plans to set up a new brand called Elli – for “electric life” -to sell EV charging stations, stationary storage batteries and electric services such as clean power.Elli, which will initially be focused in Europe, will sell various home charger models, including two 11 kW wall boxes with or without WiFi and smart charging capability; and 22 kW DC chargers that can connect to a smart grid and enable V2G integration.Elli will also deploy a network of Level 2 destination charging, including at 4,000 of its own dealers by 2020, and offer consulting services to parking garages and other businesses to help them set up charging stations.Reflecting the growing awareness that EVs are part of a clean electricity ecosystem, Elli will include a new service called Naturstrom that will deliver 100% renewable power to customers’ homes. Elli will also offer stationary home batteries analogous to the Tesla Powerwall. Source: Electric Vehicles Magazinelast_img read more

DOE to provide 30 million for new data science approaches in chemistry

DOE to provide 30 million for new data science approaches in chemistry

first_imgSource: US Department of Energy The DOE has announced plans to provide $30 million for new research that uses modern data science approaches to accelerate discovery in energy-related chemistry and materials sciences.National laboratories, universities, nonprofits, and companies will be eligible to apply for the three-year awards, which will be selected via peer review. The Basic Energy Sciences program in the DOE’s Office of Science, which is funding the effort, hopes to give awards to both single investigators and small groups.Data science combines computer science, applied math and statistics with specific fields of science to discover new knowledge from complex data sets. This initiative seeks proposals that focus on innovative applications of modern data science approaches to understand processes and mechanisms in complex energy-relevant chemical and materials systems.Planned funding for 2019 is $10 million – additional funding is contingent on congressional appropriations.“Data science tools such as artificial intelligence and machine learning are poised to profoundly change how scientific research is conducted,” said DOE Undersecretary Paul Dabbar. “This initiative ensures that America will remain on the cutting edge of breakthroughs in chemical and materials sciences critical for the nation’s energy and economic security.” Source: Electric Vehicles Magazinelast_img read more

Silverbased sintering shows up to 10 times higher lifetime compared to solder

Silverbased sintering shows up to 10 times higher lifetime compared to solder

first_imgSource: Electric Vehicles Magazine Sponsored by HeraeusMajor trends in electronic applications involve operation temperatures above 150 °C, increased power density and longer lifetime. This requires a high melting temperature and fatigue resistance, improved thermal conductivity and reduced electrical resistivity of the connecting material.Silver-based sintering technology is suited for high operation temperatures due to its pure Ag die attach layer. They also provide excellent thermal conductivity and at the same time a longer lifetime compared to solder.The Heraeus mAgic series sinter material is suitable for powerapplications on DCB (pressure sintering) as well as for lead frame packages(non-pressure sintering).The special series for pressure sintering mAgic PE338 (formerlyASP338) shows an increased lifetime up to 10 times more compared toconventional solder in power cycling. As well, it requires lower processpressure compared to other sintering materials.For non-pressure sintering applications, sinter mAgic DA295(formerly ASP295) series is a lead-free substitute for high melting pointsolders. The products are available for the usage in semiconductorapplications. These come as print or dispense version and offer high thermalconductivity for lead frame and LED packages.Use the Heraeus experience to find the best solution for your die attach application.Key benefits of mAgicsinter paste:Up to 10 times higher lifetime compared to solder pasteApplicable from extremely low to high-temperature range (-55 to 250°C) due to the solid silver layerPure Ag interconnect for operation temperatures up to 250°CEnables increasing of power density (system cost reduction) at a total costs level comparable to solder processTypical thermal conductivity of 150 W/mK and aboveZero-halogen formulationFewer process steps due to no flux cleaning, no splatteringDesigned for use in automatic processing with industrial equipmentWide process window: stencil lifetime great than 8 hours both pressure and non-pressure sintering availablevariable process temperatures of 200 – 250°Clast_img read more

Market Talk – June 7 2019

Market Talk – June 7 2019

first_img Categories: Market Talk Market Talk – June 10, 2019 » ASIA / AUSTRALIA:Chinese technology giant Huawei signed a deal with Russia’s largest telecoms operator MTS to develop 5G technologies and launch a fifth-generation network in Russia within the next year. This is another example of the close Chinese-Russian relationship.Swiss bank UBS and Japan’s Sumitomo Mitsui Trust (who has 2.6 trillion under management) have agreed to cooperate to build a one-stop shop for asset management products and services in Japan. The JV will be 51% owned by UBS and is expected to be created by 2021.The major Asian stock markets had a mixed day today. Shanghai decreased 33.62 points or -1.17% to 2,827.80; KOSPI increased 3.22 points or 0.16% to 2,072.33; ASX 200 increased 60.90 points or 0.95% to 6,443.90; NIKKEI 225 increased 110.67 points or 0.53% to 20,884.71; Hang Seng increased 69.84 points or 0.26% to 26,965.28; and SENSEX increased 86.18 points or 0.22% to 39,615.90.The major Asian currency markets had a mixed day today. AUDUSD increased 0.0029 or 0.41% to 0.7005; NZDUSD increased 0.0048 or 0.72% to 0.6668; USDJPY decreased 0.3110 or 0.29% to 108.0890; and USDCNY increased 0.0154 or 0.22% to 6.9419.Gold increased 7.8 USD/t oz. or 0.58% to 1,341.48 and silver increased 0.207 USD/t. oz or 1.39% to 15.0497.Some economic news:Japan:Average Cash Earnings (YoY) increased from -1.3% to -0.1%Household Spending (YoY) (Apr) decreased from 2.1% to 1.3%Household Spending (MoM) (Apr) decreased from 0.1% to -1.4%Overtime Pay (YoY) (Apr) increased from -3.10% to -1.10%Foreign Reserves (USD) (May) increased from 1,293.5B to 1,308.0BCoincident Indicator (MoM) (Apr) increased from -0.4% to 0.8%Leading Index (MoM) (Apr) increased from -1.2% to -0.2%Leading Index decreased from 95.9 to 95.5Australia:AIG Construction Index (May) decreased from 42.6 to 40.4Exports (MoM) (Apr) increased from -2% to 2%Home Loans (MoM) (Apr) increased from -2.5% to -1.2%India:Bank Loan Growth decreased from 13.0% to 12.7%Deposit Growth decreased from 10.4% to 10.1%FX Reserves, USD increased from 419.99B to 421.87BSingapore:Foreign Reserves USD (MoM) (May) decreased from 296.8B to 265.4BEUROPE / EMEA:Finland’s Nokia is emerging as a winner in 5G contracts, as the scrutiny has increased on Huawei. Nokia has reportedly signed 12 new 5G contracts in the last two months compared to just 3 for Huawei.The German Parliament approved NATO’s accession protocol yesterday with North Macedonia. They were expected and failed to discuss supporting the launch of the European Union accession talks either with North Macedonia or Albania. Meanwhile, EU’s Junker approved and backed Croatia by joining the open border Schengen Zone.In the UK, the High Court dismissed an effort to prosecute Boris Johnson over claims he lied during the 2016 referendum campaign by saying the UK gave the EU £350m a week. Regarding Brexit, the government is said to have spent 97 million GBP on consultants.The major European stock markets had a green day today. CAC 40 increased 85.63 points or 1.62% to 5,364.05; FTSE 100 increased 72.09 points or 0.99% to 7,331.94; and DAX increased 92.24 points or 0.77% to 12,045.38.The major European currency markets had a mixed day today. EURUSD increased 0.0065 or 0.58% to 1.1339; GBPUSD increased 0.0045 or 0.36% to 1.2744; and USDCHF decreased 0.0049 or 0.49% to 0.9862.Some economic news:Swiss:Unemployment Rate n.s.a. (May) decrease from 2.4% to 2.3%Unemployment Rate s.a. (May) remain the same at 2.4%Germany:German Exports (MoM) (Apr) decreased from 1.6% to -3.7%German Imports (MoM) (Apr) decreased from 0.7% to -1.3%German Industrial Production (MoM) (Apr) decreased from 0.5% to -1.9%German Trade Balance (Apr) decreased from 20.0B to 17.0BNorway:Manufacturing Production (MoM) (Apr) increased from -0.7% to 2.2%UK:Halifax House Price Index (YoY) (May) increased from 5.0% to 5.2%Halifax House Price Index (MoM) (May) decreased from 1.2% to 0.5%France:French Current Account (Apr) increased from -2.30B to -0.80BFrench Exports (Apr) decreased from 43.1B to 42.3BFrench Imports (Apr) decreased from 48.6B to 47.3BFrench Industrial Production (MoM) (Apr) increased from -1.1% to 0.4%French Trade Balance (Apr) increased from -5.5B to -5.0BItaly:Italian Retail Sales (YoY) (Apr) increased from -3.3% to 4.2%U.S. / AMERICAS:May’s disappointing jobs report was ironically viewed by many as a welcome surprise, hoping it increases the chances of a near-term rate cut by the Federal Reserve. According to the official report released today, the U.S. economy added approximately 75,000 new jobs in May, which fell about 100k short of analysts’ expectations. Unemployment remained low at 3.6%, unchanged on a MoM basis, and hourly earnings rose by 0.2%. On a YoY basis, average wages have grown by 3.1%.Similarly, in Statistics Canada released a favorable jobs report as well, noting that unemployment has dropped to its lowest level since 1976. Canada’s unemployment now stands at 5.4% after the economy added 27,700 new jobs in May.Looking back to the U.S., President Trump announced this Friday that the U.S. is “taking in billions” from the tariffs imposed on China. Furthermore, the President stated that China has been forced to subsidize many of their products and companies are beginning to leave China to avoid the additional fees. Although he is known to often overstate the benefits of his administration’s policies, he may not be too far off in some cases. The American Chamber of Commerce surveyed 250 firms in Shanghai last month and ~40% stated that they were “considering or have relocated manufacturing facilities outside of China.”Contradictory, the poll also noted that manufacturing companies (35.3% of respondents) have begun to adopt “In China, for China” policies whereby their new focus is to sell goods to Chinese consumers. As stated numerous times on the Armstrong Economics blog, the U.S. gained the title of “financial capital of the world” due to its strong consumer economy. Also previously noted on our blog, “Countries line up to sell products to Americans.” If China shifts to consumerism, countries may soon line up to sell their products to the Chinese.In any event, Wall Street closed the first week of the month in bullish territory. The Dow posted its strongest week of 2019 after climbing 263.28 points this Friday (+1.02%) to 25,983.94. The S&P 500 increased by 29.85 points (+1.05%) to 2,873.34. The Nasdaq rose 126.55 points (+1.66%) to 7,742.10. The Russell 2000 bounced back, gaining 10.85 points (+0.72%) to 1,514.39.The Canadian indices remained relatively unchanged from yesterday’s session. The TSX Composite added 3.16 points (+0.02%) to 16,230.96, and the TSX 60 added 0.38 of a point (+0.04%) to 973.47.In Brazil, the Bovespa finished strong, inching closer toward the 100,000 mark that (optimistic) analysts have been anticipating. The index added 616.41 points (+0.63%), closing at 97,821.26.ENERGY:Saudi is expected to extend the output cut deal as oil has just endured the worst run since 2008. Today, however, the market shot up 3.88% as a reaction to the dismal run of form.The oil markets had a mixed day today. Crude Oil increased 1.16 USD/BBL or 2.21% to 53.6782; Brent increased 1.34 USD/BBL or 2.17% to 63.1153; Natural gas increased 0.015 USD/MMBtu or 0.65% to 2.3418; Gasoline increased 0.0143 USD/GAL or 0.84% to 1.7237; and Heating oil increased 0.0293 USD/GAL or 1.64% to 1.8147.Top commodity gainers: Crude Oil (2.15%), Brent (2.09%), Cocoa (1.94%), and Heating Oil (1.67%). Top commodity losers: Cotton (-4.07%), Oat (-1.75%), Orange Juice (-1.49%), and Soybeans (-1.44%)The above data were collected around 12:54 EST on Friday.BONDS:Japan -0.12%(-2bp), US 2’s 1.81% (-5bps), US 10’s 2.06%(-6bps), US 30’s 2.57%(-7bps), Bunds -0.23% (-1bp), France 0.08% (-4bp), Italy 2.36% (-14bp), Turkey 18.12% (-4bp), Greece 2.83% (-9bp), Portugal 0.62% (-6bp), Spain 0.55% (-6bp) and UK Gilts 0.81% (-2bp).center_img « Market Talk – June 6, 2019 last_img read more