Switzerland says JP Morgan violated moneylaundering rules

first_imgGENEVA – The Swiss division of J.P. Morgan “seriously breached” anti-money laundering rules relating to the Malaysian sovereign wealth fund 1MDB, Switzerland’s financial market regulator said Thursday.The agency, FINMA, said the Wall Street bank’s local unit had “failed to adequately identify” increased money laundering risks linked to the “allegedly corrupt” sovereign wealth fund at the centre of a massive embezzlement scandal.FINMA said it concluded enforcement proceedings against J.P. Morgan in June, and was not imposing any penalties — in a possible sign that any profits gained by the bank in the alleged breaches were not significant.J.P. Morgan was the seventh case in the Swiss regulator’s investigation of 1MDB, or 1Malaysia Development Bhd.FINMA spokesman Vinzenz Mathys declined to identify any institution involved.Investigators in Singapore, Switzerland, Hong Kong and the United States have been probing allegations that people close to Malaysian Prime Minister Najib Razak stole more than $1 billion from the fund.In a statement, FINMA said J.P. Morgan had accepted “incomplete or inconsistent information from clients” without looking into or documenting it further, and cited shortcomings in the bank’s monitoring and control system. The Swiss market watchdog said it brought the case to the attention of the U.S. Office of the Comptroller of the Currency, which has overall responsibility for J.P. Morgan.“The bank seriously breached anti-money laundering regulations by failing to screen adequately transactions and business relationships booked in Switzerland associated with the Malaysian sovereign wealth fund 1MDB and one of its business partners,” FINMA said. The partner was not identified.It said J.P. Morgan had shown “good co-operation” and had not appealed FINMA’s decision, which is final and binding.Jason Lobo, a spokesman for J.P. Morgan Private Bank, said the activities in question took place “primarily” between 2009 and 2011.“The resolution announced by FINMA relates to matters that took place many years ago in the Swiss Private Bank, and since that time we have increased training, added staff and made improvements in monitoring and surveillance,” he said in an email.Still, the regulator said it will conduct an “in-depth review” of the bank’s anti-money laundering systems, and has named a “monitor” that will conduct an on-site review of the bank’s controls — focusing on high-risk transactions, notably involving personal and business accounts.The U.S. Justice Department has said people close to Najib stole billions of dollars, and last year acted to seize more than $1.5 billion in assets it said were purchased by Najib’s relatives and associates using stolen money from 1MDB, a fund intended to promote economic development projects.Malaysia’s government has said it found no criminal wrongdoing at the fund founded by Najib, who has denied any wrongdoing.last_img read more

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Spain Urged To Deepen Good Relations With Morocco: Report

first_imgMadrid- Spain must deepen its good ties with the Kingdom of Morocco, said Spanish royal institute ElCano. Spain must deepen its good relations with Morocco and at the same time get involved in improving ties with other Maghreb countries, says the institute in a report submitted last week in Madrid, in the presence of the Minister of Foreign Affairs and Cooperation José Manuel Garcia Margallo, the two former Spanish foreign ministers Marcelino Oreja and Javier Solana and the President of the Elcano Institute Emilio Lamo de Espinosa. In this document, the Spanish Institute focuses on the strategic importance for the foreign policy of Spain to maintain “good relations” with Morocco, given its strategic position and opportunities.  “Towards a strategic renovation of Spanish foreign policy,” the report of the El Cano Institute was elaborated by nearly 200 Spanish experts, researchers, high-ranking civil servants, representatives of multinationals, SMEs, NGOs, trade unionists, journalists, and MPs from all political partieslast_img read more

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At UN memorial conference on Rwandan genocide considers lessons for future

Video of memorial conference [3hrs 41mins] Just days ahead of the 10-year anniversary of the 1994 genocide in Rwanda, the United Nations today hosted a memorial conference to mark the occasion, which served as an opportunity to review past mistakes and draw lessons for the future.Addressing the gathering, Secretary-General Kofi Annan, who headed the UN’s peacekeeping department during the three months of massacres that claimed some 800,000 lives, said this blighted moment in history had deeply impacted him personally. At the time, he pressed dozens of countries to contribute troops. “I believed that I was doing my best, but I realized after the genocide that there was more that I could and should have done to sound the alarm and rally support,” he said.”This painful memory, along with that of Bosnia and Herzegovina, has influenced much of my thinking, and many of my actions, as Secretary-General,” he added. He said the events of 10 years ago, and the failure of the world to respond, “must leave us always with a sense of bitter regret and abiding sorrow.”Mr. Annan called on the people of the world – “everywhere, no matter what their station in life, whether in crowded cities or remote rural areas” – to observe a minute’s silence at noon local time in every time zone on 7 April, which has been marked by the General Assembly as the International Day of Reflection on the Genocide in Rwanda.”Let us be united in a way we were not 10 years ago. And let us, by what we do in one single minute, send a message – remorse for the past, resolve to prevent such a tragedy from ever happening again – that resounds for years to come,” he said.The Secretary-General, who has already called for the establishment of a special rapporteur on the subject of genocide, said today he is still analyzing what other steps can be taken to reduce the chances of another genocide happening again.While cautioning that the world could not be confident that it would respond effectively if faced with a situation similar to that prevailing in Rwanda in 1994, he said he was encouraged by some steps already taken, including the establishment of the International Criminal Tribunal for Rwanda (ICTR), which is trying people accused of committing the genocide. He noted the ICTR has achieved several pioneering verdicts, including the first conviction for genocide by an international court.Rwanda’s Foreign Minister, Charles Murigande, told the conference that the international community failed to intervene even though it had plenty of advance warning from many sources, including a UN rapporteur and numerous non-governmental organizations (NGOs), that large-scale killing was likely.”Calling it genocide would have made it an obligation for the international community to intervene, which it was unwilling to do. And so people spoke of ‘mass killing,’ ‘tribal violence’ or ‘acts of genocide’ to escape having to take responsibility, while Rwandans died at a rate of well over 10,000 a day,” he said.Mr. Murigande said he supported the findings of a report entitled “Responsibility to Protect,” which recommended that when a population is suffering serious harm and the State in question is unwilling or unable to act, then the international community has a duty to protect.Ibrahim Gambari, Under-Secretary-General and Special Adviser on Africa, said the events in Rwanda highlighted “structural and policy failures” in the UN, including at the Security Council.”Without a doubt, it was the Council, especially its most powerful members, that had failed the people of Rwanda in their gravest hour of need,” he said, adding that too many countries which contributed peacekeepers to the UN Assistance Mission for Rwanda (UNAMIR) at the time of the genocide quickly withdrew their troops after the killing of a dozen soldiers in early April 1994.”While such concerns were legitimate, those countries had ignored the moral duty to help save defenceless civilians who were being massacred in broad daylight.”Former UNAMIR Force Commander, retired Gen. Romeo Dallaire of Canada, said the international community treated the UN Mission as “a last priority,” giving it no budget and no structure. National governments made the decision to withdraw their troops, not the UN, and reinforcements did not arrive until August.Mr. Dallaire said he often wondered why the genocide in Rwanda was dismissed as mere “tribalism,” whereas in the former Yugoslavia at the same time, “there was talk about ethnic cleansing.” read more

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Add financial adviser visit to update financial plan to wedding todo list

OTTAWA – You’ve talked about old girlfriends and boyfriends. You’ve talked about whether you want children. You’ve talked about your mothers.Now financial advisers say a discussion about money should be high on your to-do list before tying the knot this summer.Sophie Salcito, an investment adviser with Vancity in North Vancouver, B.C., says couples should make a full disclosure to one another about what they own and what they owe in order to avoid any unpleasant surprises after the big day.“Sometimes people don’t feel comfortable talking about that, but I think it makes for a better start to the relationship going forward if each picture is clearly laid out,” she said.A failure to disclose all of your debts could make for an awkward discussion when it reaches credit check time for a mortgage and one person’s score threatens to derail the loan.If you’re already living with your spouse-to-be, you may have already tackled such thorny financial issues. But for those just bringing their households together, it’s smart to set a budget and create a financial plan that works for both of you.Should you combine bank accounts or keep them separate? That depends on what works for your particular situation.“What you are trying to figure out is what is each person’s value around money,” Salcito said. “Do we have one person who’s a spender and one person who’s a saver? …. We’ve got to try to figure out how to bring those two together.”If combining all of your accounts doesn’t work for you, Salcito recommends at least one joint account that can be used to pay for shared expenses like a mortgage or rent.Couples with a large difference in income may also want to look at using a spousal RRSP to help reduce their tax burden in retirement.Getting married may also mean a change in your financial goals, whether that means planning for a house purchase, determining your retirement age or building savings for your children.Patrick Fitzgerald, a financial adviser with Sun Life, said it’s important to discuss your goals and priorities as you update your financial plan.“Taking that step to meet with a financial adviser is the first step toward building out that plan, and the success ratio of achieving goals is enhanced just based on having a written plan,” he said.“At the end of the day, when you’re looking through some of those issues — even if you’ve had a thought-through conversation as a couple — there may be other probing questions that a financial planner can ask that will trigger responses that will have couples have takeaways to think about.”Salcito also reminds couples they should consider updating the beneficiary on their RRSP, TFSA, pension and other accounts to their new spouse.“That gets missed all the time,” she said. by Craig Wong, The Canadian Press Posted Jun 18, 2015 8:24 am MDT Last Updated Jun 18, 2015 at 9:04 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Add financial adviser visit to update financial plan to wedding to-do list read more

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UK car market declines in November as confusion over diesel continues to

UK new car demand falls -11.2% in November to 163,541 units.Increases in demand for petrol and AFVs fail to offset heavy losses for diesel, falling -30.6%.Year-to-date market declines, with registrations down -5.0% in line with expectations.SEE CAR REGISTRATIONS BY BRANDThe UK new car market declined for an eighth consecutive month in November, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). 163,541 vehicles were registered, down -11.2% year-on-year, driven by a significant fall in diesel demand.Business, fleet and private registrations all fell in the month, down -33.6%, -14.4% and -5.1% respectively. Registrations fell across all body types except specialist sports, which grew 6.7%. The biggest declines were seen in the executive and mini segments, which decreased -22.2% and -19.8% respectively, while demand in the supermini segment contracted by -15.4%.The Alternatively Fuelled Vehicles (AFV) sector, however, continued to make significant gains, growing 33.1%. Petrol cars also saw a gain, though of a more modest 5.0%. These increases could not, however, offset the heavy -30.6% drop in diesel registrations. The decline follows months of confusion and speculation about the government’s air quality plans and its policies towards diesel cars.Overall, registrations have declined -5.0% in the eleven months in 2017, with 2,388,144 cars hitting British roads so far this year.Mike Hawes, SMMT Chief Executive, said,An eighth month of decline in the new car market is a major concern, with falling business and consumer confidence exacerbated by ongoing anti-diesel messages from government. Diesel remains the right choice for many drivers, not least because of its fuel economy and lower CO2 emissions. The decision to tax the latest low emission diesels is a step backwards and will only discourage drivers from trading in their older, more polluting cars. Given fleet renewal is the fastest way to improve air quality, penalising the latest, cleanest diesels is counterproductive and will have detrimental environmental and economic consequences. Download the press release and data table.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

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Spot in Big Ten tournament could be locked up for OSU womens

OSU sophomore midfielder Nikki Walts (4) takes a corner kick during a game against Purdue on Oct. 9 at Jesse Owens Memorial Stadium. Credit: Anbo Yao | Lantern PhotographerWednesday evening marks senior day and the conclusion of the regular season as the Ohio State women’s soccer team (9-5-3, 4-4-2) sets up to host the Michigan State Spartans (8-5-4, 4-4-2).The Spartans are tied with the Buckeyes for seventh place in the conference, so a win on Wednesday for OSU will earn it a spot in the Big Ten tournament.“I think that the vibe of our team right now is that we’ve continued to get better every game,” OSU coach Lori Walker said. “So teams that continue to get better at this point in the season I think have the opportunity to continue to play, and that’s just been our mentality the whole season.”Following a defeat this past weekend against one of the nation’s top teams, the Penn State Nittany Lions, the Buckeyes are excited for a chance at a big win at home.“We’ve got a lot of players that have played in championship games in our program,” Walker said. “That’s one of the things we look for when we’re recruiting, players that have been there and players that understand what that feels like. It’s something we can tap into.”Junior forward Nichelle Prince said she trusts in her team’s persistence that has been built upon throughout the season.“I think we are really resilient,” Prince said. “We know that it’s not going to be perfect, our season is not going to be perfect but we have to get up and play hard the next game.”For senior forward/midfielder Michela Paradiso, Wednesday’s game will mark her last time playing at Jesse Owens Memorial Stadium. Paradiso said the emotional aspect has been overrun by the magnitude of the game.“It’s way more emotional than I ever thought it would be,” Paradiso said. “But I think because it’s such a big game it kind of is allowing me to not think so much about it being my last home game and more as an exciting thing to get the win to move on the Big Ten tournament, so I think that helps.”Paradiso will be honored on Wednesday alongside two fellow seniors: forward Katelyn Kraft and defender Marisa Wolf.Prince said she hopes the seniors’ seasons can end on a high note.“Because I’m a junior, I’m pretty close to them,” Prince said. “They’re all great leaders on this team and have a big influence on this team. I just want to make sure that they get the best end of the season possible and they get what they deserve.”Anticipation has been building around this game, and Walker and her players alike said they are excited and prepared.The Buckeyes and Spartans are set to kick off at 7:30 p.m. at Jesse Owens Memorial Stadium on Wednesday. read more

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Ohio State linebacker Justin Hilliard suffers seasonending injury

Redshirt freshman linebacker Justin Hilliard came into the Ohio State program looking to make an immediate impact. It turns out he will have to wait even longer for that opportunity.The former 2015 five-star recruit from Cincinnati St. Xavier High School announced on Instagram that he had suffered a season ending injury which requires rehabilitation.“(I) can’t lie, I’m hurt,” Hilliard said in his post. “But head up and looking forward to killing this rehab for the next six months.”Hilliard was instrumental on special teams through the team’s first three games in 2016. He was listed on the depth chart as the weak-side linebacker after junior Dante Booker and redshirt senior Joe Burger. Hilliard registered four tackles against Bowling Green.Hilliard suffered injuries last season that kept him from seeing the field. He tore his left meniscus during the 2015 season, then missed all of spring camp with a torn bicep. Hilliard has a sling on his left arm in the photo.Coach Urban Meyer confirmed on Monday that Hilliard tore his left bicep and will be out several months. Editor’s Note: This article was updated on 9/26 with comment from Meyer. read more

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Doubledecker bus has roof stripped off by bridge in Birmingham

first_imgThe bridge, which is near Cadbury World, bears a warning that it has a 10ft height limit.A paramedic who attended the scene described the “unusual” end to his shift.Ben Pallante tweeted: “Slightly different end to my shift tonight. The bridge Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. A fire crew which attended the scene tweeted: “Double decker v bridge. Bridge wins.” Double decker v bridge. Bridge wins. Not in service no one hurt. Crews making area safe with @Bournbrookfire pic.twitter.com/Qli9jq0Hoc— Kings Norton Fire (@KingsNortonFire) December 21, 2017 Commuters were shaken after the roof of a double-decker bus was torn off by a bridge in Bournville, Birmingham.The bus had the top completely ripped off as it traveled under a low railway bridge.A paramedic who attended the scene said there were no injuries as there were no passengers on board the out-of-service National Express West Midlands bus.The driver also escaped unscathed.However, people travelling on the road who witnessed the incident described being “shaken” by the scene.Amy Tunney wrote on Facebook: “So a bus just drove under Bournville Lane bridge and took the top clean off, only just stopped shaking, the bang was incredible.”Thankfully driver was ok and no passengers on.”center_img As you can see the damage is quite significant. The driver was uninjured and didn’t require any medical treatment. He was discharged at scene and @BournvilleWMP are sorting out recovery.. #lucky pic.twitter.com/VnhcYDxLYY— Ben Pallante (@wmasbenpallante) December 21, 2017 “We responded to reports of a bus vs bridge in south Birmingham, upon arrival a double decker bus had gone through a bridge, totally removing the upper deck and roof. “Thankfully no customers were on board and the driver had no injuries.”It appears staff from Cadbury World attended the scene, as Mr Pallante thanked them, writing: “Thanks to the @WestMidsFire @CadburyUK & @WMPolice who attended very quickly and supported me in attending to the patient – Thanks all.” The bridgeCredit:Googlelast_img read more

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Nigella says food pictures on Instagram are ruining aesthetic of dishes as

While Instagram is known by many as the platform where friends and family mainly post photographs of their food, Nigella Lawson has said it is not quite good enough to show off her home cooking exploits.Because of this, the cook has now set up her own app, Foodim, which promises to give users the chance to edit their food pictures, to make their meals look as attractive as possible.The domestic goddess, 59, said that social media apps “do food no favours”, so has teamed up with a photographer to create her own.Since she launched the endeavour on Thursday night, she has gained 2,600 followers on the app and liked over 3,000 photos.The app promises to “optimise your camera specifically to take fabulous photos of food”.On it, users can edit their profile, write notes and recipes, and post and edit pictures of their food. The editing funcionality allows foodies to add depth of field, contrast, colour temperature and more to their pictures.Ms Lawson is one of the most prolific food writers on Instagram, boasting 1.6m followers on the platform, where she largely posts pictures of meals she has cooked.”You don’t need me to tell you that nearly every photograph I take is of food,” she explained. Nigella posted a picture of her breakfast on the platform Some of the cook’s fans have said they welcome an alternative to Instagram, which has in recent weeks been accused of hosting bullying and abuse.Foodim’s website reads: “Browse to see what everyone’s cooking and eating, get inspired, and connect with a welcoming community.”The free app is currently only available on iOS, and can only be download in the UK, Australia and New Zealand, but Ms Lawson said she hopes it will be on Android “soon”. Nigella’s profileCredit:FOODIM The cook added: “It has always been vexing to me that there is no dedicated food photography app, and so many of the filters and so on that are meant to applied on general photography apps do food no favours.”So, based on the principle that if something you want doesn’t exist, just go ahead and make it, I’ve been working for some time with my longtime cameraman to develop a food photography app with a built-in filter designed to optimise food and a back-of-shot blur dependent on the angle of the phone (as well as a draw-to-blur feature) to give depth of field. ” Nigella posted a picture of her breakfast on the platformCredit:FOODIM Nigella's profile Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. read more

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Russian companies top US550 billion in foreign mining interests

first_imgIntierra’s Director of Mapping and Tenements, Peter Godwin, was as a key speaker at the recent Mining and Exploration Forum and Expo (MINEX) in Moscow. He revealed that Russian companies have reached $550 billion in foreign mining interests held. During a detailed presentation, he further stated that Intierra’s research showed Russian-held resources at operating mines were now in the vicinity of US$325 billion, whilst new deposits were worth US$225 billion. Godwin’s presentation, titled Russian Mining – Domestic and Foreign Activity/Global Funding, gave the audience a deep analysis of the key metrics and factors in play for the expanding Russian mining sector both globally and domestically.MINEX Russia is a key mining sector and business event in Russia; bringing together more than 500 international resource sector professionals. This year the main theme of the forum was Russia – Open for business, highlighting key positive developments and emerging business opportunities for new ventures in the mineral exploration and mining sector in Russia.last_img read more

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Argentine création de nouvelles zones protégées face au risque de marées noires

first_imgArgentine : création de nouvelles zones protégées face au risque de marées noires Les eaux australes argentines recèlent une grande quantité de pétrole. Redoutant une catastrophe écologique, l’Administration des parcs nationaux (APN) d’Argentine a annoncé la création de quatre nouvelles aires marines protégées.   “La marée noire du Golfe du Mexique a montré que les entreprises même les plus modernes avaient besoin de plusieurs mois pour colmater une fuite”, explique Santiago Krapovickas, coordinateur du Forum pour la conservation de la mer patagonique et de ses zones d’influence, dont une interview a été relayée par Green et Vert. En comparant avec l’Argentine, il s’inquiète du pétrole que contiennent les mers de la Patagonie. En effet, les écosystèmes marins de cette région du globe abritent de nombreuses espèces de mammifères, d’oiseaux, de mollusques et de poissons. Sur une zone de trois millions de kilomètres carrés, seuls 0,5% sont protégés.Le 27 octobre dernier, le sommet de la biodiversité qui a eu lieu au Japon a permis de déterminer quatre nouvelles aires marines protégées : le Parc marin côtier patagonique austral, les Parcs de l’île du Pingouin et de Makenke, dans la province de Santa Cruz, et le Parc national marin Banco Burwood, au sud des Malouines. Ces nouvelles aires devraient voir le jour dans les deux à cinq années à venir et comporteront 1.360.800 hectares de superficie protégée (1,5% du territoire marin argentin). C’est encore loin des 10% prévus pour 2020 par la Convention sur la biodiversité écologique.Santiago Krapovickas rappelle que “raisonner en termes de surface ne rime à rien lorsqu’il s’agit d’océans puisqu’il s’agit d’un univers tridimensionnel où chaque mètre cube peut abriter des millions de vie”.Le 28 novembre 2010 à 17:02 • Emmanuel Perrinlast_img read more

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Driver Fights Ticket For Using Cellphone With Hash Brown Defense

first_img Depending on where you live, a distracted driving offense can cost you big time. In addition to the fine on the ticket, you could see your insurance rates jacked up.It’s a charge that’s worth fighting in some cases. If you can mount a solid defense you could save yourself years of higher premiums. And you can score some very important bonus points if your defense happens to involve breakfast food.Take the case of Jason Stiber, for example. He was issued a citation for distracted driving after a Connecticut police office observed him talking on a phone while behind the wheel. Allegedly, anyway.There was something phone-shaped in Stiber’s hand and Corporal Shawn Wong saw his lips moving in what he considered to be a talk-y sort of way. The evidence was convincing enough that a magistrate upheld Stiber’s $300 fine.Fortunately, that’s not the end of the line in Connecticut. A magistrate’s ruling can be appealed to a judge, and that’s just what Stiber did.His defense: it wasn’t a phone, it was a McDonald’s hash brown.And he wasn’t talking, he was chewing. I’ll buy that, because even if mom and dad did teach to chew with your mouth closed sometimes you just can’t. Like when you tear into a hash brown before it’s sufficiently cooled.Stiber’s attorney John Thygerson says there’s plenty of evidence to back his story up. His client has a McDonald’s receipt timestamped just minutes earlier showing he purchased a caramel frappe and the all-important hash brown.Thygerson also notes that the car’s infotainment system is equipped with Bluetooth and Stiber’s phone was paired. Even if what the officer saw was talking, Stiber could’ve been doing it handset-free. Which he was, because his hand was wrapped around McDonald’s “crisp, flaky, fluffy-on-the-inside favorite.”Hopefully logs in the phone and car back that up. The judge might want to see those before handing down a verdict in just over a month.More on Geek.com:Teen Charged for Selling Sock Disguised as an iPhoneCops Raid Suspected Pot House, Find Cryptomining Operation InsteadGuy’s $650 World Series Ticket Stolen By Scammer Through Instagram Woman Tries to Buy an Audi With Bills Printed on Inkjet PrinterChild Finds $40,000 Worth of Meth Inside Lego Box Stay on targetlast_img read more

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Scientists Detect Eight New Repeating Fast Radio Bursts

first_imgStay on target AI Detects More Mysterious Cosmic Radio BurstsAre Mysterious Radio Signals Signs of Extraterrestrial Life? Astronomers identified eight new repeating fast radio burst (FRB) sources using Canada’s CHIME telescope.The findings, led by Bridget Andersen of McGill University, could mean a breakthrough in the study of these cosmic events.Inaugurated in 2017, the Canadian Hydrogen Intensity Mapping Experiment (CHIME) interferometric radio telescope’s primary goals are to improve knowledge of dark energy and detect extragalactic FRBs—brief, bright flashes of radio waves that last a few milliseconds.The astrophysical mysteries are thought to originate from far outside our Milky Way, but their source remains unclear.Since their discovery more than a decade ago, 60-plus bursts, each named for its date of detection, have been observed by five telescopes worldwide.Scientists in January announced the second repeating fast radio burst ever recorded—one of a total 13 bursts detected over three weeks last summer, when CHIME was still in its pre-commissioning phase, running at only a fraction of its full capacity.Repeaters—like the eight found by Andersen & Co.—could be the key to understanding the origin and nature of FRBs.A fast radio burst leaves a distant galaxy and travels to Earth over billions of years, occasionally passing through a cloud of gas during its journey. Each time hot gas (or plasma) is encountered, the different wavelengths that make up a burst are slowed by different amounts.Short (purple) radio waves, for example, arrive at a terrestrial telescope before long (red) ones.This is known as dispersion.The amount of dispersion informs how much matter the bursts have travelled through.So far, repeating and non-repeating FRBs exhibit no difference in dispersion. They do, however, show evidence of having larger burst widths, suggesting different emission mechanisms in their sources.Additional observations are needed before anyone can be sure from where (and who/what) these bursts are coming.More on Geek.com:Study: Moon Is 100M Years Older Than We ThoughtRare Glimpse of Dying Star Confirms Prediction of Our Sun’s FateScientists Spot Two Dead Stars Dancing in Spacelast_img read more

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Officials warn boaters following weekend accidents

first_imgMIAMI (WSVN) – First responders are encouraging boaters to take extra precautions following a string of boating accidents that occurred Saturday and Sunday.“With the Memorial Day weekend coming up, we really want to encourage and promote safety and awareness,” said Miami Fire Rescue Capt. Ignatius Carroll. “Be aware of your surroundings.”A personal watercraft collided with a boat just off the coast of Miami, near Picnic Islands around 3 p.m., Sunday afternoon.“We’ve had numerous calls with collisions like this, but we’ve never had one where the watercraft actually hit somebody that was on the boat,” said Carroll.A woman and a man on the personal watercraft were knocked unconscious due to the crash but were rescued by the boaters, according to MFR.Those injured were rushed to Jackson Memorial Hospital.Early that morning, in Southwest Miami-Dade, children suffered serious burns after an explosion on a boat near Black Point Marina, according to Miami-Dade Fire Rescue. “It is believed that the engine compartment flashed due to fumes that were emanating from the engine compartment,” said Miami-Dade Fire Rescue Lt. Felipe Lay.One adult and one child were airlifted to JMH while two children were taken by ambulance to Kendall Regional Medical Center, all suffering serious burns.Saturday night, four people were rushed to Broward Health Medical Center, after two boats collided in Fort Lauderdale on the intercoastal waterway. The incident occurred near Northeast 32nd Avenue. One man fell of a boat and hit his head.“There are several injuries, and they are extensive enough to be transported to the hospital,” said Tyson Matthews of the Florida Fish and Wildlife Conservation Commission.“It’s really sad, honestly. People should be more careful,” said Gabi Downey, a witness. “I’m not exactly sure why they didn’t have their headlights on.”Investigators are looking into all three weekend incidents.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

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Fire crews put out blaze inside Fort Lauderdale home

first_imgFORT LAUDERDALE, FLA. (WSVN) – Fire crews responded to a house fire in a Fort Lauderdale neighborhood.The blaze started inside an unoccupied home along Southwest 25th Terrace, near Third Street.Officials said neighbors spotted the smoke and called 911.Fort Lauderdale Fire Rescue firefighters managed to douse the flames before it could engulf the entire home.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

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India mulls higher tax on China steel

first_imgIndia turned from net exporter to net importer of steel during the 2018/19 fiscal year.ReutersIndia’s steel ministry has sought an immediate increase in import duties on finished steel products to 15 per cent from a range of 7.5 per cent to 12.5 per cent, citing a threat from Chinese imports and excess global capacity, an internal note reviewed by Reuters showed.The steel ministry has proposed the higher duties as part of its recommendations to the finance ministry for the upcoming 2019/20 budget that is due out on July 5.”The US-China trade war is threatening Indian markets as China looks for alternative markets” for its steel exports, India’s steel ministry said.Citing the vulnerability of local mills, the ministry said the nation’s steel sector needs “protection from unfairly traded cheap steel imports” as well as lower input costs.”Peak rates (for all steel products) may be raised to 25 per cent to meet any contingency arising from potential adverse global market turmoil,” it said.Existing anti-dumping and countervailing duties have been rendered ineffective by the volatility in steel prices, the ministry said.The steel ministry said government revenues could increase by 13.66 billion rupees ($196.1 million) if the import duties were implemented, although it is the finance ministry that makes the final decision.The steel and finance ministries did not immediately reply to Reuters emails seeking comment.India turned from net exporter to net importer of steel during the 2018/19 fiscal year as local demand increased and imports jumped from Japan, Korea and China.Japan, South Korea and member countries of the Association of Southeast Asian Nations, which all have free trade agreements on steel with India, accounted for 58 per cent of its imports of the alloy, while 18 per cent of its incoming steel came from China.Reuters previously reported that India feared Chinese steel flooding its markets as fallout from Beijing’s escalating trade war with Washington.Over 50 per cent of India’s imports of wire rods and bars – both long steel products used in construction – came from China last year, government data showed.India’s top four steelmakers – JSW Steel Ltd, Tata Steel Ltd, state-owned Steel Authority of India Ltd and Jindal Steel and Power Ltd – together control over 45 per cent of India’s total steel production. The producers have been complaining about steel being dumped into India for the last several months.India’s steel ministry has also sought cuts to import duties on coking coal, steel scrap and graphite electrodes to reduce raw material costs for making steel.last_img read more

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Some District Taxes and Age Restrictions on the Rise Feminine Hygiene Taxes

first_imgBy Micha Green, AFRO Washington, D.C. Editor, mgreen@afro.comOct. 1 marked the beginning of the 2019 fiscal year, which also meant tax changes for those who spend money in the District of Columbia.The general sales tax has grown by a quarter of a percentage point to 6 percent, according to WAMU.  Also increasing by the same amount is beer, malt liquor and wine sold in stores, rising to 10.25 percent.  Proceeds from these tax increases are supposed to be allotted for maintenance and improvement of D.C.’s Metro.With the mark of the 2019 fiscal year District residents must now be 21 to purchase cigarettes and must pay $4.94 in taxes for a pack. (Courtesy PhotoCigarette smokers will have to budget an extra $2 as the tax has risen from $2.94 to $4.94 for a pack of 20. The District cigarette tax is significantly higher than that of the surrounding areas, such as in Maryland where taxes are $2 a pack and Virginia 30 cents a pack. The District’s climbing cigarette tax is still lower than that of other major cities like New York and Chicago, whose are currently $5.85 and $6.16 respectively.  In addition, the tax rate on products like e-cigarettes soared from 60 to 96 percent of wholesale sales.With the increase in taxes for cigarettes also came a rise in the age to purchase them.  No longer can 18-year-olds brag about being able to buy cigarettes on their 18th birthdays in the District as the age has risen to 21 to purchase any tobacco products.For those District residents that rely on ride shares services like Uber and Lyft, expect to spend more money.  The tax for ride shares has increased from 1 percent to 6 percent, according to WTOP.The Republican tax overhaul from earlier this year will definitely benefit the city’s wealthier residents.  The estate tax exemption is now $5.6 million down from a whopping $11.2 million, allowing many high-income residents to avoid taxation on their assets.One of the biggest tax changes comes in the form of a total cut for feminine hygiene products, such as pads, tampons and menstrual cups.  This major change comes after the “tampon tax” was repealed by the City Council in 2016, yet was not officially funded by Mayor Muriel Bowser until she released her 2019 budget in early 2018.  In nearby Maryland, feminine hygiene products are already not taxed as they are considered similar to medicine.last_img read more

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BABYMETAL launches US anime series

first_img The cutest heavy metal band in all the land is getting their own anime series.Having perfected the art of headbanging hardcore while still looking kawaii as hell, Japanese metal group BABYMETAL is fresh off of their 2016 world tour and ready to conquer a new medium: anime.The announcement comes via BABYMETAL’s official Facebook page and a press release from Warner Bros., stating that their new animated adventure will be brought to our screens thanks to the minds at Warner Bros.’ digital studio Blue Ribbon Content and Amuse USA.BABYMETAL’s manager and founder Key Kobayashi (also known as KOBAMETAL) is set to produce.In the series, the world of heavy metal finds itself under attack. The god Kitsune decides to form the warrior band BABYMETAL in order to help save the world and the musical genre.Leading the group are real life BABYMETAL band members SU-MEAL, YUIMETAL, and MOAMETAL. The short form series will be a combination of live-action musical performances and animation, with the girls traveling to the animated world in order to redefine the metal genre in order to save it, sort of like how they’ve already been rocking the metal boat here in the real world.BABYMETAL performing a sold out show at SSE Arean, Wembley in London earlier this spring.BABYMETAL is insanely popular in both Japan and the US, with their music topping iTunes charts, garnering an appearance on The Late Show with Stephen Colbert, and finishing their world tour that included a sold-out show at Wembley arena. They have just signed to perform with the Red Hot Chili Peppers in their upcoming UK tour.The band consists of three teenage girls, Suzuka Nakamoto, Yui Mizuno, and Moa Kikuchi, who go by the names SU-METAL, YUIMETAL, and MOAMETAL. They are a combination of pop idol sensibilities, with fresh-faced cute looks and outfits, paired with surprisingly well-written metal music in their over the top performances.The trio has made great strides in the pop metal scene in only five years since their formation.Here’s hoping that the upcoming show is able to translate their adorable metal fury to the screen. No release date has been announced yet, so stay tuned for more info. Until then, enjoy the hell out of their music. ‘Astral Chain’ and Other Dumb Nintendo SongsGeek Pick: Ikea Sonos Symfonisk Is A WiFi Bookshelf Speaker Stay on targetlast_img read more

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PS4 emulation of PS2 games does not support original discs

first_imgLast month we heard some very good news coming out of Sony: PlayStation 2 game emulation was finally going to happen on the PS4. All those classic games becoming playable on modern hardware sounds great. Only, it turns out to be not that great because Sony isn’t going to support the use of original PS2 discs being inserted into the PS4 to play them.Sony hasn’t officially confirmed this yet. We’ve learned about it through a leaked video including a description that states “PS2 Classics and PS2-formatted discs are incompatible with the PS4 system.”The leaked video appeared on YouTube and was quickly removed. It shows the PS2 game Dark Cloud running on the PS4 complete with 1080p up-rendering and Trophies support. Sony is also building in Shareplay, Remote Play, Activity Feeds, and Second Screen support, with Second Screen allowing for game manuals to be viewed on a PS Vita or using the PlayStation App.The lack of original disc support will come as a huge disappointment to many gamers, myself included. I own a very healthy library of PS2 games and currently rely on a PS2 Slim and 80GB PS3 to be able to continue playing them. Having the ability to use my PS4 would have ensured continued play for many more years to come.Instead, it looks as though Sony is seeing PS2 emulation as a way to sell more (old) games. It’s a very surprising decision considering how backwards compatibility is being offered on the Xbox One. Sony is handing Microsoft the upper hand with this decision, and they’ll surely use it heavily for PR in the near future.[PS2 games image courtesy of wlodi on Flickr]last_img read more

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