Closing Bell TSX up oil and gold rise after sharp losses

TORONTO — The Toronto stock market closed higher Thursday, led by advances in mining stocks that have sold off this week amid signs of slowing economic growth around the world.Here are the closing numbersTSX — 11,996.34 +49.05 0.41%S&P 500 — 1,541.61 -10.40 -0.67%Dow — 14,537.14 -81.45 -0.56%Nasdaq —  3,166.36 -38.31 -1.20%The S&P/TSX composite index gained 49.06 points to 11,996.34 after sinking to a five-month low Wednesday while the Canadian dollar gained 0.06 of a cent to 97.47 cents US.U.S. indexes were lower following sharp losses Wednesday as traders balanced a disappointing earnings report from investment bank Morgan Stanley, a positive read on the number of Americans seeking unemployment benefits last week and a key manufacturing index that didn’t meet forecasts.The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggested that March’s sluggish hiring may have been temporary.But the Federal Reserve’s Philadelphia Fed index dropped to 1.3 in April from two in March. Economists had expected the manufacturing gauge to rise to four.The Dow Jones industrial average was 81.45 points lower at 14,537.14.The Nasdaq composite index fell 38.31 points to 3,166.36 and the S&P 500 index was down 10.4 points to 1,541.61, falling below its 50-day moving average of 1,543.Earnings at Morgan Stanley totalled $1.2 billion or 61 cents, down about 12% from a year earlier while revenue totalled $8.5 billion, down five% from a year earlier. Its shares were off 5.4% to US$20.31.It has been a very choppy week on the TSX, which sustained triple-digit slides Monday and Wednesday. Losses were led by steep drops in mining stocks as commodity prices retreated after the International Monetary Fund cut its forecast for global growth to 3.3% this year from its forecast in January of 3.5%.The IMF data deepened pessimism about the strength of the global recovery as data released earlier in the week had shown growth in China slowing earlier this year and left the TSX down about 3.5% year to date.“I think the real challenge is that you see this ongoing rotation between sectors as people try to find some area that is going to do spectacularly well — but you’re in a two% global growth world,” said Norman Raschkowan, North American strategist at Mackenzie Investments.“So commodity prices aren’t going to go anywhere. It doesn’t mean that they’re going to collapse, it just means that you’re not going to get your earnings growth from commodity price increases and in the meantime, the problem many of the producers have is that their costs keep going up.”New York indexes have also had a volatile week and are off the highs of the year reached at the end of last week, when the Dow was up 13.43% year to date.Commodity prices were higher Thursday.The gold sector was the biggest advancer, up about 2.8% as the June contract gained $9.80 to US$1,392.50 an ounce. A rising U.S. dollar and the prospect of troubled eurozone countries selling off part of their gold reserves to tackle debt problems have sent gold to their lowest levels in over two years, with prices falling $140 on Monday alone.Goldcorp Inc. (TSX:G) gained 63 cents to C$28.58.Barrick Gold (TSX:ABX) shares added 27 cents to $18.44 even after Moody’s Investors Service placed the miner under review for a potential ratings downgrade. The move came after a Chilean court last week ordered a halt to construction at Barrick’s $8 billion Pascua-Lama project due to environmental concerns. Barrick shares are down about 30% since April 5.Copper, viewed as an economic bellwether, continued to plumb 18-month lows because of falling demand prospects. On Thursday, the May copper contract on the New York Mercantile Exchange shed early losses to rise two cents to US$3.20 a pound. Copper has fallen about 12% year to date.The base metals sector was up 1.94% after steep losses on Monday and Wednesday. Teck Resources (TSX:TCK.B) gave back 27 cents to C$25.15 while First Quantum Minerals (TSX:FM) gained 68 cents to $16.11.Oil prices have also lost ground this week following the Chinese and IMF data. But on Thursday, the May crude contract on the Nymex gained $1.05 to US$87.73 a barrel after touching a four-month low earlier in the morning, and the energy sector was up 1.18%. Suncor Energy (TSX:SU) advanced 35 cents to C$28.33.EnCana Corp. (TSX:ECA) ran up 59 cents to $19.48 as natural gas futures rose 19 cents, or 4.5%, to US$4.40 per 1,000 cubic feet as inventories grew less than expected last week. The last time natural gas hit that level was July 2011.Techs led TSX decliners Thursday with Celestica (TSX:CLS) down 13 cents to $7.90 while BlackBerry (TSX:BB) dropped 49 cents to $13.80.A technical problem that left some BlackBerry users unable to download content from its apps store has been fixed. BlackBerry says customers who were affected will gradually be able to regain access to the virtual storefront throughout the day. The company did not say how many BlackBerry users were affected by the short outage, which began Thursday morning.The TSX Venture Exchange added 9.34 points to 932.94.Here’s the news investors were watching today: Meltdown? 15% of world’s gold miners face collapse after plunge strips $169B off market valueCanada’s mortgage market headed for another 1990s downturn with growth to halve in 2 years: RBCWhy it’s a really good time to buy mining stocksCanadian deposits safe under bail-in, but no guarantee: CarneyON DECK FRIDAY ECONOMIC NEWSCANADAConsumer Price Index (March): Economists expect 0.3% rise from the month before, 1.1% year over year Wholesale Trade (Feb): Economists expect 0.3% rise CORPORATE NEWSUNITED STATESGeneral Electric Co Q1 earnings: Analysts expect 35¢ a share Honeywell Q1 earnings: Analysts expect US$1.14 Kimberly-Clark Q1 earnings: Analysts expect US$1.34 McDonald’s Corp Q1 earnings: Analysts expect US$1.27 Schlumberger Q1 earnings: Analysts expect US$1 read more

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Mexico UN envoy assesses plight of internally displaced persons

Francis M. Deng, Mr. Annan’s Representative on Internally Displaced Persons, yesterday began a 10-day visit to Mexico, where he is expected to meet with government officials and representatives of human rights groups.During his stay, Mr. Deng is also expected to visit several communities of internally displaced people in the State of Chiapas, where he will also meet with state authorities, the President of the State Human Rights Commission and groups directly assisting the population affected by displacement.His findings and recommendations will be presented to the 59th session of the Commission on Human Rights and to the Secretary-General. read more

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Most actively traded companies on the TSX TSX Venture Exchange markets

TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:Toronto Stock Exchange (12,603.09 up 0.91 point):Uranium One Inc. (TSX:UUU). Miner. Up 35 cents, or 14.52 per cent, at $2.76 on 59,288,101 shares. ARMZ, the Russian majority shareholder of Uranium One, made a friendly offer of $1.3 billion to buy out minority shareholders and take the company private.Aurizon Mines Ltd. (TSX:ARZ). Miner. Up $1.14, or 33.43 per cent, at $4.55 on 15,883,540 shares. Alamos Gold Inc. (TSX:AGI) made a stock and cash takeover bid with Vancouver-based Aurizon that values the junior mining company at $780 million. Alamos stocks dropped $2.02, or 11.94 per cent, to $14.90 on 2,503,215 shares.Research In Motion (TSX:RIM). Wireless technology. Up $1.39, or 10.44 per cent, at $14.70 on 14,979,261 shares. The stock closed at its highest level since February 2012 as reports emerged that Apple, its major competitor, reduced orders for parts for the iPhone 5 as sales fell short of expectations.Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up 11 cents, or 2.76 per cent, at $4.10 on 10,026,609 shares.Paladin Energy Ltd. (TSX:PDN). Miner. Up 12 cents, or 11.11 per cent, at $1.20 on 5,513,378 shares.B2Gold Corp. (TSX:BTO). Miner. Down a penny, or 0.26 per cent, at $3.88 on 5,163,415 shares.TSX Venture Exchange (1,229.53 down 10.72 points):Zodiac Exploration Inc. (TSXV:ZEX). Miner. Unchanged at 13 cents at 4,384,583 shares.Pelangio Exploration Inc. (TSXV:PX). Miner. Up two cents, or 10 per cent, at 22 cents on 4,323,530 shares.Companies reporting major news:Harry Winston Diamond Corp. (TSX:HW). Miner. Up 63 cents, or 4.41 per cent, at $14.90 on 1,178,160 shares. The company signed a deal to sell its namesake retail jewelry and watch division in a deal pegged at US$1 billion in cash and assumed debt to Switzerland’s Swatch Group. The Toronto-based diamond miner will be renamed Dominion Diamond Corp.Canadian Satellite Radio Holdings Inc. (TSX:XSR). Audio entertainment. Up 19 cents, or 3.17 per cent, at $6.19 on 5628,522 shares. The Toronto-based company reached an agreement with Chrysler Canada under which the auto company will install SiriusXM commercial-free satellite radios in an unspecified number of vehicles over the next five years. Most actively traded companies on the TSX, TSX Venture Exchange markets AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Jan 14, 2013 5:18 pm MDT read more

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No breaks from BCs new tax for foreign property buyers with deals

by Dirk Meissner, The Canadian Press Posted Jul 26, 2016 3:02 pm MDT Last Updated Jul 27, 2016 at 7:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email No breaks from B.C.’s new tax for foreign property buyers with deals: minister VICTORIA – There will be no reprieve from a new tax on foreign buyers who have signed contracts to purchase homes in Metro Vancouver, where they snapped up almost 10 per cent of recent property sales, B.C. Finance Minister Mike de Jong says.The tax takes effect next Tuesday and long-term contracts, such as pre-sale agreements for condos under construction, and pending property purchases involving foreign buyers will pay the new 15-per-cent tax.“If the transaction is registered Aug. 2 or afterwards, the tax applies,” de Jong said Tuesday.The Liberal government introduced legislation Monday that includes an additional property transfer tax on Metro Vancouver residential properties that are purchased by foreign buyers.Dan Morrison, president of the Greater Vancouver Real Estate Board, has called on the government to exempt real estate deals that are in the process of closing to minimize short-term volatility in the market.The province also released updated figures Tuesday from a snapshot of five weeks between June 10 and July 14 indicating that 935 of the 9,636 homes sold in Metro Vancouver went to foreign nationals.Foreigners also paid more on average for homes, spending $946,945 compared with an average purchase price by Canadian citizens or permanent residents of $911,425, the figures show.Premier Christy Clark said the new tax is aimed at making housing more affordable for B.C.’s middle-class buyers.Last month, the real estate board said its benchmark price for detached properties in Vancouver had risen above $1.5 million.The government recalled the legislature for a special summer sitting to introduce and adopt the housing amendments.The Opposition New Democrats said Tuesday they intend to vote in favour of the tax changes, but will propose amendments during debate.“It’s better than nothing, which is where we were two days ago,” said NDP housing critic David Eby.The tax is only for foreign buyers who purchase in Metro Vancouver. De Jong said the government will track real estate purchases after the tax comes into effect to determine if foreign buyers have taken their business to southern Vancouver Island and the Okanagan.The legislation includes provisions to expand the property transfer tax beyond the Vancouver area if necessary, he said.“One of the things we are going to be watching post Aug. 2 is the degree to which a significant shift in taxation policy, which just applies to Metro Vancouver, alters behaviour of the market and begins to shift activity outside of Metro Vancouver,” said de Jong.De Jong said similar taxes introduced overseas in Hong Kong and Australia to curb foreign real estate investment have levelled the market.“In the reports I get, the analysis is they tend to have levelled out the market, or reduced relatively significantly the rate at which values have gone up opposed to dramatically reduced the value of real estate,” he said.The new tax means a foreign buyer would pay an additional $300,000 in tax on a $2-million purchase. All purchasers already have to pay a one-per-cent tax on the first $200,000 of their purchase, two per cent on the remaining value up to $2 million, and three per cent on the portion above that. read more

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Countries highlight importance of regional organizations in UN Debate

Citing his own country’s chairmanship of the Council of Europe, Armenian Foreign Minister Edward Nalbandian today highlighted the importance of cooperation between the United Nations and regional organizations in securing a more just world. He called the Council “a key partner of the United Nations in our shared global quest united behind the principles of fundamental freedoms, defence and promotion of human rights and continuous efforts for peace and security.“The cooperation between these two organizations is also well established in the fields of the fight against racism, xenophobia, hate-speech and intolerance,” he told the UN General Assembly as it wrapped up the first week of its annual General Debate. “These issues are also among Armenia’s chairmanship priorities that were defined in response to the challenges that member states of both the United Nations and the Council of Europe are facing today.”Mr. Nalbandian stressed that the difficulties in that have arisen in implementing the UN Millennium Development Goals (MDGs), which seek to slash extreme poverty and hunger and a host of other social ills by the end of 2015, show that that no country can achieve in isolation the MDGs in the world of growing interdependence and interconnectedness.Prince Haji Al-Muhtadee Billah, Crown Prince of Brunei Darussalam. UN Photo/Ryan BrownAlso stressing the importance of regional cooperation, Haji Al-Muhtadee Billah, Crown Prince of Brunei told the Assembly that, as current chair of the Association of Southeast Asian Nations (ASEAN), his country has chosen the theme “Our People, Our Future,” to highlight the role of the region’s people in ASEAN community-building efforts.“We hope this people-to-people approach will promote cultural exchange and understanding,” he said, noting that ASEAN’s work has also been strongly influenced by the current MDGs. Brunei has encouraged ASEAN member States to begin working on a regional strategy beyond 2015 to further strengthen the collective mission in promoting peace, stability and prosperity. read more

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The 9 at 9 Tuesday

first_imgEvery morning, TheJournal.ie brings you the nine stories you need to know a little before 9am.1. #MH17 Separatists have handed over the MH17 black boxes. Meanwhile, a train carrying the remains of 280 people who perished in the incident has finally been allowed to leave a rebel-held region – and militants have declared a truce around the crash site.2. #ISRAEL The Gaza conflict will dominate an EU Foreign Affairs meeting today, which will be attended by Minister Charlie Flanagan. World leaders are in Cairo pushing for a peace deal, as the conflict enters its 15th day with 570 Palestinians and 27 Israelis dead.3. #TRAGIC Post-mortems have been carried out on the bodies of two brothers, aged 20 and nine, who were found dead at their Sligo home. A number of this morning’s papers report that the parents of the boys were out when the incident occurred, returning to the family home to discover the tragic scene.4. #TIGER KIDNAPPING Three people were taken hostage in Co Cavan at around 1.45am yesterday. They were taken to a quarry before the culprits demanded the alarm code for a local shop. The owner, one of the three hostages, was ordered at gunpoint to open the safe. Gardaí are investigating, says the Herald.5. #HEALTHCARE Industrial action is due to be undertaken by IMPACT members working in the Limerick group of hospitals. This is in protest at the €250k salary paid to its chief operations manager, says RTÉ. The work-to-rule won’t affect service delivery, the union says.6. #MURDER TRIAL Six months of CCTV footage is available to be viewed during the murder trial of Graham Dwyer, who is accused of murdering Elaine O’Hara in 2012, reports the Irish Independent. The trial is scheduled for 19 January 2015.7. #CHRISTIANITY Tipperary South County Council must pay €70k to a worker who was sacked for talking about Christianity at work. The Equality Tribunal found that the council discriminated against Born Again Christian John McAteer on the grounds of his religion.8. #YOUTUBE ROW The student who went to court to remove a video that falsely accused him of taxi fare evasion is facing a legal bill believed to be over €1m, the Irish Independent reports. A judge had previously found Eoin McKeogh had been defamed in the video.9. #SURFER The search for missing Irish surfer Stuart Butler is continuing at Byron Bay in Australia. The 19-year-old was pulled underwater while surfing with two friends – who were both rescued – on Saturday. Police divers are due to work at the scene today.last_img read more

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Bientôt un service de partage de musique sur les Blackberry

first_imgBientôt un service de partage de musique sur les Blackberry ?Le fabriquant canadien RIM négocie avec les principales maisons de disque afin de lancer un service de partage de musique destiné à son smartphone à succès et qui sera disponible sur abonnement.RIM veut se lancer dans la bataille de la musique sur les terminaux mobiles. Le fabricant des Blackberry serait en effet en pleine négociation avec des majors du disque, Vivendi Universal, Sony Music, Warner Music et EMI, selon le Wall street journal. Le but est de créer un service qui permettra aux utilisateurs du Blackberry et pour moins de 10 dollars par mois, d’accéder et de s’échanger de la musique.À lire aussiLe baladeur : du walkman au MP3… 30 ans d’évolutionPlus précisément, ce nouveau service serait “destinée à fonctionner avec le système de messagerie instantanée” Bkackberry Messenger, précise le quotidien économique relayé par l’AFP et qui cite des personnes ayant discuté avec des dirigeants de RIM. Alors que le service pourrait être lancé “dès la semaine prochaine”, celui-ci viserait entre autres à attirer de plus jeunes consommateurs.Une initiative qui intervient alors que les Blackberry perdent des parts de marché dans le domaine ultra-concurrentiel des smartphones. Avec 11,7% de parts de marché, RIM est devancé par Android, de Google (43,4 %), Symbian, de Nokia (22,1 %) et iOS, d’Apple (18,2 %) alors qu’il représentait près de 19% du marché l’an dernier à la même époque.Le 22 août 2011 à 14:31 • Maxime Lambertlast_img read more

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David Smith back in court continues to fight US Extradition

first_img Missick & Co Defendants and David Smith all in Court this Week Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 23 Jun 2015 – David Smith, convicted in relation to a Ponzi Scheme returns to court today to fight a US extradition order. Last week, Magistrate Clifton Warner upheld an extradition of Smith on money laundering and on Friday the Director of Public Prosecutions, John Masters says the US now has the authority to extradite Smith and to deal with him according to their home laws. Masters also said David Smith has to satisfy a $20 million dollar unpaid confiscation order in the TCI. David Smith continues to challenge that extradition. Related Items:David smith, ponzi scheme, US extradition Recommended for you David Smith returns to court in January; heads back to HMP in Grand Turk Facebook Twitter Google+LinkedInPinterestWhatsApp Smith owes TCI $20 Million; US Dept of Justice given green light to extraditelast_img read more

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Willis completes PMI Health Group acquisition

first_imgWillis Group Holdings, the global risk advisory, re-insurance broking and human capital and benefits organisation, has completed its acquisition of healthcare adviser and broker PMI Health Group.The acquisition, which was initially announced in July 2015, aims to expand the organisations’ range of services and global coverage.PMI Health Group will operate as Willis PMI Group while it is integrated with Willis Employee Benefits over the next six months.Tony Powis (pictured), chief executive officer of Willis Employee Benefits, will also serve as chairman and CEO of Willis PMI Group.Powis said: “The market is crying out for a new way of thinking, thanks to a combination of challenges facing [organisations] today in terms of an ageing society, healthcare inflation and social fiscal pressures, not to mention changing workforce attitudes and demands.“Even though the employee benefits industry tends to be fragmented and siloed in nature, most organisations are keen to understand what their unique employee risks are, and how to manage and mitigate them in a joined-up manner.”Richard Munro, managing director of Willis PMI Group, added: “The health insurance sector is changing, presenting new opportunities for both insurers and intermediaries.”With Willis, PMI Health Group can now provide a wider range of benefits to clients, wherever they are located in the world, while delivering the high levels of service expected by our clients and of which we are extremely proud.”last_img read more

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Woman encounters ball of mating snakes while hiking

first_imgCHARLOTTE, N.C. (WSVN) — Would you be scared if you saw a huge ball of snakes while taking a hike through the forest?Well Christine Proffitt came across that very sight while walking across the Little Sugar Creek Greenway in Charlotte, North Carolina, Fox 26 reports.Proffitt tweeted an image of the scene with the caption, “Watch out on the greenway today guys.”“It scared me, but you know how this generation is, the first thing I did was take a picture … and then I ran,” Proffitt told Fox 26.Fox 26 said, according to reptile experts, the ball of snakes indicates mating.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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Home invader scams ties up 2 elderly people pretending to search for

first_imgHOLLYWOOD, FLA. (WSVN) – A man who conned his way into an elderly woman’s house tied the victim and her brother up before robbing them.Hollywood Police said a man, who they believe to be 49-year-old Robert Nolan Young, went to the victim’s home near West Park Boulevard and North 45th Avenue saying he lost his cat, Sunday.He told them he wanted to check the elderly woman’s backyard for his pet.The family welcomed Young in and even gave him some cat food to lure the animal, and that’s when the trouble started.“The suspect, robber Nolan Young, knocked on the door asking for help to find his cat,” said Hollywood Police spokesperson Miranda Grossman, “and the woman offered to find some cat food or tuna fish to help him find his cat, and that’s when he followed her inside. He tied up her and another elderly victim, which is despicable to happen to two elderly people in their own home.”Officials said the elderly woman managed to flee and call police at a neighbor’s, but the intruder badly beat the male victim, who remained tied up for hours before police could get to him.“She said, ‘Come! Come with me. Somebody’s breaking in my house,’” said neighbor John Guerrero. “‘The guy has a knife.’” Police said the subject left behind enough physical evidence to lead them to believe the subject is Young. They have since released a photo of him.“This was a very frightening incident for the victims, for, I’m sure, the neighbors, knowing what happened,” Grossman said. “The good part is that detectives were able to identify him.”Neighbors are staying vigilant after hearing this story. “I already sleep with a baseball bat underneath my bed,” said one woman. “I don’t want to invite any kind of crime into my home.”Residents in the area told 7News that the victims may have hired Young to do some previous work.According to police, Young is also wanted for theft in Miramar.If you have any information on this home invasion, call Broward County Crime Stoppers at 954-493-TIPS. Remember, you can always remain anonymous, and you may be eligible for a $3,000 reward.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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Video captures grass fire in SW MiamiDade

first_imgSOUTHWEST MIAMI-DADE, FLA. (WSVN) – Video captured by police show a grass fire breaking out in Southwest Miami-Dade.The footage shows the flames, which sparked near a railroad track along Southwest 179th Street and 147th Avenue, Friday.The fire was close to several neighboring homes.No injuries or damage to property has been reported.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

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People to Publish Newman Book

first_imgRELATED POST: Is People capitalizing on Newman’s death? People magazine is set to publish a book honoring Paul Newman.The actor and philanthropist died last week at his home in Westport, Connecticut. He was 83. The96-page soft-cover tribute will carry a cover price of $12 and bedistributed in bookstores and newsstands beginning on October 11. Aprint run of 450,000 is slated for the Newman book, People says.Thebook, planned before the actor’s death, will not benefit any charities.“Because of Newman’s illness, we began working on this project beforehis passing,” a spokesperson for People said.The magazine, whichput Newman on its cover this week, has a long history of publishingbooks, producing tributes and retrospectives since 1991. Since 2004,the magazine has published 24 books, including tributes to JohnnyCarson, Princess Diana and “20 Years of the Sexiest Man Alive.”last_img read more

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Monsoon Nirvana explores Aadi talam

first_imgThe annual concert “Monsoon Nirvana” presented by Cisne Arts will be held on July 27 at ShilpakalaVedika. Titled Aadi – Anant – the concert explores the versalite Aadi talam. Aadi Talam as the name suggests is one of the basic and first tala of music. It’s also known as a complete and versatile tala in itself. Hence, Aadi to Anant. In this concert, the musicians will be exploring the various facets and beauty of Aadi and its equivalent teen tala through this concert. Also Read – TSBB, NGC promotes eco-friendly Ganeshas Advertise With Us Also, they will pick up ragas that impact human brain and have a study around of creating an impact on layman. The concert goes in one flow without a break and one artiste sets the mood for the other performer. Monsoon Nirvana brings the talented, young musicians from across the globe to Hyderabad to showcase their, music, and they perform together on one stage, extempore. Also Read – CM KCR praises PRO for his books on Telangana Advertise With Us This year Harish Sivaramakrishnan, an engineer from BITS Pilani and the leadsinger of the Carnatic Progressive Rock Band Agam; PurbayanChatterjee, a recipient of President of India Award as the best instrumentalist at the tender age of 15, a Sitar player, who is also a trained vocalist; Gayatri Ashokan, a playback singer and vocalist, who other than singing in various filmsis also a recipient of several prestigious awards; MitaliVinchurkar, a percussionist who can perform every genre of music like Indian classical music, fusion, ghazals on her tabla and a trained Hindustani classical singer;TejasVinchunkar, a flutist who has performed with Sonu Nigam for MTV Unplugged and various other established artists; and Sumana Chandrasekhar, an exceptional handpan&ghatam player – will be performing during the concert, this year.As this is the 8th year, in addition to bringing together some of the finest and most talents musicians from across the country, we are also proud to support a noble cause and organisation Ishva Foundation, that works with 500 plus underprivileged kids in education space, through the surplus of this concert, share the organisers.last_img read more

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Greek MPs defiant at first session

first_imgGreek MPs defiant at first session5 viewsGreek MPs defiant at first session5 views00:00 / 00:00- 00:00:0000:00Greek MPs defiant at first session5 viewsBusinessA media frenzy outside the Greek Parliament in Athens. The country’s lawmakers arrived for the swearing in of the new coalition government led by Syriza. Members of the anti-austerity party promisedVentuno Web Player 4.50A media frenzy outside the Greek Parliament in Athens. The country’s lawmakers arrived for the swearing in of the new coalition government led by Syriza. Members of the anti-austerity party promisedlast_img read more

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One Shukkur in jail instead of another

first_imgOne Shukkur in jail instead of anotherYet another case has been revealed, like that of Jahalam who languished behind bars for three years, where the wrong person has been sent to jail due to police mistaking his identity. This time it is Shukkur Shah, mistaken as Shukkur Ali, an alleged drug dealer.The special judge court in Dhaka acquitted Shukkur Shah on Tuesday as the police admitted their mistake.The court confirmed that Shukkur Shah was released Tuesday night.“it is unfortunate that Shukkur Shah had to stay behind bars due to the police’s mistake,” said his lawyer Mezbah Uddin.Citing the mistake was not deliberate, officer-in-charge of Hazaribagh police station told Prothom Alo, “We made the mistake due to the similarity in their names. We apologise to the court.”The name of the real accused is Shukkur Ali from Hazaribagh. The documents show that Shukkur Ali was 37 when he was first arrested. His father, Abul Kashem, is deceased.His address is registered as 195/2 Hazaribagh Road in both the case statement and the charge sheet.On the other hand, when Shukkur Shah was arrested in another drug related case he was 30 years old. He was granted bail in the case after three months of his arrest. He hails from Nagorbari village of Agailjhara upazila in Barishal . Although his father’s name is also Abul Kashem, he is alive. Shukkur Shah’s present address was registered to be in Hazaribagh.“My son had to languish in jail for a year. I want those who are responsible for this to be punished,” Shukkur’s father told the Prothom Alo correspondent.How it startedAccording to the court, an accused named Shukkur Ali was arrested in drug related case. Narcotics control department filed the case with Shahbagh police station on 27 February in 2011. The trial of the began after 13 September the same year.He was later granted bail on 20 June in 2012. He went into hiding after 12 February in 2013. The court later issued his arrest order on 3 April but the police failed to arrest him till March of 2018.The sub-inspector of Hazaribagh police station submitted a report in the court that said, Shukkur Ali is in jail, being arrested on 3 March  in another drug related case with Hazaribagh police station. he should be shown arrested in this case.Following the police plea the court ordered the jail authorities to produce Shukkur Ali, who was in fact Shukkur Shah, before the court.Shukkur Ali or Shukkur Shah?Shukkur Shah was arrested in a narcotics case and secured bail within three months, his lawyer Mejbah Uddin said. But police shown Shukkur Shah arrested in another case as Shukkur Ali.On 8 March, Mejbah Uddin filed a plea with the court saying that Shukkur Shah is not Shukkur Ali and not an accused in the case. The court then directed the Hazaribagh police station officer-in-charge (OC) and senior jail super to investigate the incident.Court sources said the jail authorities submitted their report on 3 October last year. It said they grilled the accused who said he is not Shukkur Ali.Shukkur Shah’s identity restoredMofazzal Hossain, narcotics control department police inspector and investigation officer (IO) of the lawsuit that accused Shukkur Ali, appeared before the court for deposition on 3 January this year. Seeing Shukkur Shah in the witness-box, he said, “I didn’t arrest this man.”Saying that the reports of police and jail are contradictory, the court summoned the jail super Iqbal Kabir Chowdhury and Hazaraibagh police station OC Ikram Ali Miah on Tuesday. They alongside sub-inspector Mominul appeared before the court.Jail superintendent Iqbal Kabir Chowdhury submitted a report with the photograph of the main accused Shukkur Ali. The report read, the main accused was released on bail already.“Both of their names are Shukkur. Also their fathers’ names match. The mistake happened because of that,” said the officer in charge of Hazaribagh police station, claiming the mistake was not intentional.*This report, originally appeared in Prothom Alo Bangla online, has been rewritten in English by Farjana Liakat.last_img read more

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Ecologists warn of overreliance on unvetted computer source code by researchers

first_img(Phys.org) —A team of scientists, led by ecologist Lucas Joppa of Microsoft Research, has published a commentary piece in the journal Science, highlighting what they say is a growing problem in research efforts. They suggest that an overreliance on source code that has not been properly vetted is increasingly leading to incorrect research effort results. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further The problem, Joppa et al, say, is that increasingly, researchers are relying on existing software to perform their research, despite the fact that no one has peer reviewed the software itself. It’s a problem, they say, that is particularly troubling when big applications are used because small coding errors can be compounded. A rounding error in a spreadsheet generally won’t cause much problem, they note, but when a rounding error is repeated over and over again, perhaps millions of times, it can lead to completely inaccurate results.In a Podcast interview with Science, Joppa explains the problems with software use in research have come about mainly due to the software being written by researchers themselves, rather than by trained software engineers. Software written by one research group can very easily become the standard for use by many other groups, despite the fact that it has never been thoroughly tested to ensure it’s giving accurate results.He said another problem is that sometimes, there is a mismatch between equations that have been worked out by researchers and the way they are implemented in software. It can become truly problematic, he points out, when a catch-22 situation arises—when researchers use a software system to find answers to questions they have no other way to find, or verify. If it’s the only way to get the answer, how do they know it’s correct?Resarchers for the current study pulled data from a survey conducted among fellow ecologists. It’s a field, they note, that relies very heavily on big number-crunching applications. Among other findings, the team reports that just 8 percent of 400 scientists who responded reported validating results (from a black-box computer system) with more than one system.The researchers don’t just point out problems with the way software is used in current research efforts; they offer ways to improve the situation as well. The first are the most obvious—make source code open-source and require it to be peer reviewed before journals will accept research articles based on their use. They also suggest journals could help by publishing more articles educating researchers about the problem and how to deal with it. Encouraging colleges and universities to educate students on the issue (and perhaps require more computer science courses) would be helpful too, they add. © 2013 Phys.org Journal information: Science Citation: Ecologists warn of overreliance on unvetted computer source code by researchers (2013, May 17) retrieved 18 August 2019 from https://phys.org/news/2013-05-ecologists-overreliance-unvetted-source-code.html Xerox to offer ‘Ignite’ software upgrade for copiers to let them grade school papers More information: www.sciencemag.org/content/340/6134/814last_img read more

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Study tests how well humans interpret dog growls

first_imgCredit: CC0 Public Domain People have been living with dogs for a very long time, but, the researchers with this new effort wondered, have we learned to understand their communications? Other groups have studied barking in dogs and how people interpret them—in this new effort, the researchers sought to learn more about how well we humans understand what dogs are driving at when they growl.Growling in dogs is generally associated with aggressiveness, though growls are not always threatening—dogs often growl as part of their play, for example. To learn more about how well people are able to interpret dog growls, the researchers looked at how well they discern the differences between growls that occur during different activities such as when encountering a stranger (dog or human), defending a bowl of food, or when playing. They obtained recordings of dogs engaging in such activities and then played them individually for a group of volunteers—as growls were played, the researchers asked the volunteers to match the growl with a given activity.In all, the researchers asked 40 volunteers to listen to recordings of 18 dogs growling and to report which activity they felt was involved with each. They report that overall, the volunteers correctly matched the growl with the activity 63 percent of the time, which, they suggest, is well above guesswork. The researchers also found that women were better at reading the growls than men, guessing correctly 65 percent of the time, compared to just 45 percent for men. They also found that people who owned or worked with dogs regularly were better at reading the dog growls than those who did not by a margin of 60 percent to 40 percent. The volunteers were best at recognizing growls during play, but found it difficult to differentiate between growls associated with food guarding versus those associated with threat when encountering another dog. More information: T. Faragó et al. Dog growls express various contextual and affective content for human listeners, Royal Society Open Science (2017). DOI: 10.1098/rsos.170134 AbstractVocal expressions of emotions follow simple rules to encode the inner state of the caller into acoustic parameters, not just within species, but also in cross-species communication. Humans use these structural rules to attribute emotions to dog vocalizations, especially to barks, which match with their contexts. In contrast, humans were found to be unable to differentiate between playful and threatening growls, probably because single growls’ aggression level was assessed based on acoustic size cues. To resolve this contradiction, we played back natural growl bouts from three social contexts (food guarding, threatening and playing) to humans, who had to rate the emotional load and guess the context of the playbacks. Listeners attributed emotions to growls according to their social contexts. Within threatening and playful contexts, bouts with shorter, slower pulsing growls and showing smaller apparent body size were rated to be less aggressive and fearful, but more playful and happy. Participants associated the correct contexts with the growls above chance. Moreover, women and participants experienced with dogs scored higher in this task. Our results indicate that dogs may communicate honestly their size and inner state in a serious contest situation, while manipulatively in more uncertain defensive and playful contexts. Explore further Dogs can tell canine size through growls (Phys.org)—A team of researchers with Eötvös Loránd University in Hungary has conducted a study regarding how well humans interpret dog growls. In their paper published in Royal Society Open Science, the group reports on how well volunteers listening to taped dog growls correctly guessed the circumstances behind them.center_img Journal information: Royal Society Open Science © 2017 Phys.org Citation: Study tests how well humans interpret dog growls (2017, May 17) retrieved 18 August 2019 from https://phys.org/news/2017-05-humans-dog-growls.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

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Why Smart Cities Are a Golden Opportunity for Entrepreneurs

first_img Opinions expressed by Entrepreneur contributors are their own. What makes a smart city “smart”? It’s a question that many entrepreneurs, enterprise executives and civic leaders are asking themselves today, but the answer can take many forms.Related: Should Your Business Set up Shop in Bill Gates’s Smart City?As an entrepreneur, I often think about “smart cities” in the context of disruption by entrepreneurs re-shaping the way cities function. With grassroots IoT incubators popping up here in the U.S. to first generation smart hubs like Singapore across the globe, smart cities offer entrepreneurs opportunities to meet needs that didn’t exist pre-2014.How are entrepreneurs actually fueling the creation of smart cities today? Let’s take a look at three important components of smart cities and the people powering them.Building an infrastructure that uniquely fits the environmentNo two cities are the same. Every city worldwide experiences challenges unique to the population, climate, traffic patterns and more. Thus, when it comes to supporting basic infrastructure for a smart city, the devil is in the details. For example, Boston may evaluate how winter conditions and snow accumulation affect traffic December through March and prioritize heated, smart roads that de-ice themselves. Los Angeles, on the other hand, may focus its efforts on how solar or ocean wave energy could power the city.Barcelona, a stellar example of a European smart hub, is utilizing a mix of high and low technology to benefit its own city-dwellers. According to IoT World Today, the city monitors air pollution by using a system dubbed XVPCA. This system deploys air quality sensors through the city that allows civic leaders to benchmark progress around regulation and air quality initiatives.The list of what city leaders value, and how they differ from city to city, is likely endless. The challenges are often so unique that solutions to address them don’t exist — and requires someone who knows the city intimately to build it. But, this means that entrepreneurs worldwide who are invested in and proud of their home cities, have an advantage over “non-locals.”A city looking to achieve “smart” status should seek out its local tech and entrepreneurship community (most cities have at least one) first, before pouring hours into researching tech that only checks a handful of boxes. Entrepreneurs should make themselves available to city leaders to engage in discussions about city needs. In the new era of smart tech on a city scale, cities need entrepreneurs and entrepreneurs need cities. Unique cities require a unique solution.Related: Looking for a Smarter Home? Get Ready to Learn About Connectivity.Managing the onslaught of IoT dataThe Dallas Innovation Alliance is one of many groups fostering innovation specifically for smart cities. Current projects include smart lighting, waste management, digital citizen-centric kiosks, smart irrigation, smart parking and city-wide access to public Wi-Fi. Each one of these components could be transformative to a city in the short term. But, with smart cities, a long-term perspective is essential, especially when it comes to data.Data is foundational to the smart city model, and the ability to collect and report on trends is vital to a smart city’s ongoing success. Thus, data analysis is just as important as the tech collecting it. Yet, the amount of data facing cities is intimidating.In fact, IDC predicts that the amount of data could reach 163 zettabytes by 2025. To put this number in perspective, one zettabyte is the equivalent of about 930 billion gigabytes. The human mind, or even a team, can’t possibly sift through the amount of data a smart city generates. To manage this onslaught of data, artificial intelligence and machine learning will become the new normal.I was recently introduced to Moogsoft, a company in the AIOps industry, and was able to discuss smart city initiatives involving AI and IoT. “The amount of data that will be generated when applying IoT technology to use cases like real-time city management will be massive,” Phil Tee, CEO of Moogsoft, wrote in a blog post. “If the performance of these devices is not managed correctly through the smart application of AI and ML, the amount of incoming data will overwhelm human operators and will ultimately pose a barrier to leading cities toward a smarter tomorrow.”Tee’s vision of an IT-powered smart city is an approach that combines both machine and manpower, tied together by the IoT devices driving smart efforts.Related: Big Data Combined With Machine Learning Helps Businesses Make Much Smarter DecisionsHumans and machines working together Have you ever fought with a customer service bot on the phone? Many have experienced the frustration of needing to speak to a real human being about an issue too complex for the bot to understand. In the same way, as artificial intelligence technology takes leaps forward, there will always be a need for the human touch. This provides an additional opportunity for entrepreneurs to not only build smart city tech, but service it, too.Tee has a similar sentiment on this topic and shared how man and machine can work together in a scenario around urban energy projects.”As our energy creation becomes more decentralized, sensors that monitor changes in factors like current, voltage and temperature will help us manage our power grids,” Tee wrote. “From there, AI will be able to adjust and optimize the energy resources accordingly. The ability for IT teams to observe performance ‘at the edge’ — where a specific panel is deployed, for instance — will be necessary to detect anomalies and restore services when localized outages occur.”This scenario also illustrates how emergent technology doesn’t need to eliminate jobs, but can improve services that truly matter.Practical steps to a better tomorrow The technology industry is one that must ask itself, “Is what I’m building going to benefit society?” No one wants AI or IoT to complicate things. We’re looking for solutions that improve life for us all. Purpose-driven innovation at the city level is a good start.While we still have the freedom to creatively dream about what is possible in 20 or 30 years, through the lens of IoT, AI and ML, we can see tangible ways to improve each day. 6 min read September 19, 2018 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box. 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TCEB announces new partners at Thailand CONNECT The World Famil Trip

first_imgSource = ETB Travel News: Lewis Wiseman TCEB announces new partners at Thailand CONNECT The World Famil TripThe Thailand Convention and Exhibition Bureau (TCEB) hosted Thailand CONNECT The World 2015: Bangkok – Khao Yai Media Familiarisation Trip last week.The trip strongly highlighted Thailand strength as a gateway to ASEAN business success through MICE facilities around the country.The program included a diverse program in business events destinations such as Bangkok and Khao Yai, which truly is an emerging business events paradise.TCEB announced a new group of partner organisations during the conference, with the aim of putting business events in Thailand on the global map.The four key partner organisations include the Tourism Authority of Thailand (TAT), Thai Airways International, the Ratchaprasong Square Trade Association (RSTA) and Bangkok River Partners (BRP).Another big announcement was that the business events traveller-focused packages under the Thailand CONNECT Welcome Package will be introduced to provide completed quintessential Bangkok metropolitan downtown and majestic riverside MICE experiences.Mr Nopparat Maythaveekulchai, TCEB’s President, stated the importance of building international confidence in Thai MICE sector.“TCEB is proud to build on the strong and long-standing relationship the between Thai and global MICE sectors, and showcase Thailand as a gateway to ASEAN success for global businesses. While offering the strengths of Thailand’s business events industry, under the Thailand CONNECT The World brand communications, Thailand can also maximise business potentials though vast market opportunities right at the heart of AEC,” Mr Nopparat Maythaveekulchai said.Mr Chattan Kunjara Na Ayudhya, Executive Director Advertising and Public Relation Department, Tourism Authority of Thailand, said TAT is excited to be working with TCEB.“We are delighted to be a partner agency and cooperate with TCEB to attract more MICE delegates to Thailand. Our ‘2015 Discover Thainess’ campaign, designed to highlight everything that makes Thailand unique as a country,” Mr Chattan Kunjara Na Ayudhya said.Bangkok has been rated the top destination in Asia Pacific for three consecutive years (2013-2015) according to the MasterCard Global Destinations Cities Index.For some facts to put that in perspective, during the 2014 fiscal year, from October 2013 to September 2014, Thailand attracted a total of 919,164 business events visitors, generating revenue of US$2.69 billion.That same momentum for business events, continued to grow in the first half of the 2015 fiscal year – October 2014 to March 2015 – when Thailand welcomed 476,079 business events visitors, generating revenue of US$1.24 billion.last_img read more

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