Porsche Taycan Cross Turismo EV confirmed for late 2020 launch

first_img Electric Cars Sports Cars Future Cars Porsche Mission E Cross Turismo in the real world Porsche Review • 2019 Porsche Cayenne review: The enthusiast’s SUV More about 2019 Porsche Cayenne 2018 Porsche Panamera Turbo S E-Hybrid Sport Turismo: A mighty, frugal wagon 2019 Porsche Cayenne S review: The sporting life Tags Post a comment 2019 Porsche Cayenne Turbo review: The performance SUV par excellence More From Roadshow Share your voice Porsche’s annual press conference in Stuttgart was, in part, a celebration of the past year’s developments. But it also confirmed yet another piece in Porsche’s puzzle of future products, too.Porsche confirmed on Friday, as part of its annual press conference, that the Taycan Cross Turismo has been cleared for production at the end of 2020, which would put its debut about a year after the standard Taycan’s debut this coming September. Porsche first confirmed Cross Turismo production last October, but it hadn’t clarified a date at that point.In all likelihood, the Porsche Taycan Cross Turismo will share the Taycan’s powertrain, with its electric motors putting out approximately 600 horsepower. It should reach 62 miles per hour in about 3.5 seconds, although the taller, bulkier body of the Cross Turismo may tack an extra tenth or two onto that figure. As for range, it’s estimated to be around the 300-mile mark, but that will likely change once the EPA tests it, as its estimates are usually slightly lower than its European counterpart.Enlarge ImageWhile the Cross Turismo is a little SUV-ish, it shouldn’t get in the way of Porsche’s future electric SUVs. There’s a place for everything in its next-gen lineup. Porsche Along with the Taycan that precedes it, the Taycan Cross Turismo is part of Porsche’s plan to electrify its lineup in the coming years. At Porsche’s press conference, chairman Oliver Blume said that, by 2025, more than half of all Porsche vehicles will be available with an electric motor. In addition to both Taycan variants, Porsche has also confirmed that the next-generation Macan will go electric, as well.Given that the Taycan Cross Turismo could be seen as a quasi-SUV of sorts, Porsche doesn’t feel there will be any overlap between it and the upcoming electric Macan. “The Cross Turismo concept is basically a more lifestyle-ish interpretation of the Taycan,” said Detlev von Platen, Porsche’s board member in charge of sales and marketing, in an interview with Roadshow on the sidelines of the conference. “It’s not directly targeting the SUV market.”Despite nobody seeing its production form yet, Porsche is already facing some serious demand for its first purely battery-electric vehicle. Earlier in March, Porsche announced that it identified more than 20,000 people with serious interest in the car, enough to force the company to double its first-year production from 20,000 vehicles to 40,000. It will be built in Zuffenhausen, where Porsche manufactures its 911 and 718 lineups, with its own dedicated assembly and paint facilities. Preview • 2019 Porsche Cayenne: A stronger foundation 53 Photos 0 Porschelast_img read more

World Banks investment arm to buy stake in Lenskart

first_imgInternational Finance Corporation (IFC), the investment arm of World Bank, is planning to invest about $25 million or Rs 170 crore in online eyewear retailer Lenskart Solutions, as part of its efforts to expand portfolio in investments in online retailing firms.IFC’s investment forms a part of new funds, estimated to be worth $50 million or Rs 340 crore, being raised by Lenskart.Recently, IFC bought stake worth $25 million in online grocery retailer BigBasket, The Economic Times reports.The Delhi-based Lenskart is also in talks with other investors in the current round of funding. However, the valuation of the firm is yet to be known.In November last year, Lenskart raised Rs 60 crore from private equity firm TPG Growth, which was already an investor in the company. The deal valued Lenskart at Rs 1,000 crore, according to filings with Registrar of Companies (RoC).The company’s valuation stood at Rs 135 crore in December 2014, when it raised nearly Rs 634 crore from TPG Growth and TR Capital.Last week, Peyush Bansal, co-founder and CEO of Lenskart, said that the company was planning to open 1,000 brick-and-mortar shops via the franchise model.Currently, the company has 90 franchisees in over 50 cities. Amit Chaudhary, Neha Bansal and Sumeet Kapahi are the other co-founders of the company.Last month, Assocham had said that the domestic e-commerce market is estimated to grow by 67 percent to $38 billion (Rs 2.51 lakh crore) in 2016 from over $23 billion (Rs 1.52 lakh crore) last year, boosted by a rise in Internet and mobile users.India’s e-commerce market was worth about $3.8 billion in 2009 and it increased to $17 billion in 2014 and to $23 billion in 2015.last_img read more

Provocation was there Hasina

first_imgPrime minister Sheikh Hasina speaks a reception accorded to her by ruling Awami League at the Dhaka airport on her return from United States after attending the United Nations General Assembly. Photo: BSSPrime minister Sheikh Hasina on Saturday expressed confidence that Dhaka would be able to resolve the Rohingya crisis by mounting international pressure on Myanmar and through dialogue.The international community has stood by the Rohingyas once Bangladesh has sided with them, she told a reception accorded to her by ruling Awami League at the airport on her return from United States after attending the United Nations General Assembly.Dwelling on the violation of Bangladesh airspace by Myanmar air force during the initial days of the current crisis, the prime minister mentioned that Naypyidaw had instigated Dhaka in a variety of manners.I have alerted the army about this so that they do not fall into the trap of provocation by Myanmar, said Hasina.She pointed out that the Rohingyas were leading inhuman life and that they were being subjected to repression. Quite naturally, we had to give them shelter. The people of Bangladesh have shown humanitarian attitude and we did not wait for anyones assistance she added.The prime minister, however, said talks on how to resolve the crisis began at different parts of the world. Myanmar has started negotiation, she said.Sheikh Hasina, also the president of AL, was accorded the reception by her party for giving shelter to more than half a million Rohingyas and for drawing attention of the global community through her speech at the United Nations General Assembly recently.She earlier left the United States after attending the UNGA and her surgery for London from where she arrived at Hazrat Shahjalal International Airport in the morning.last_img read more

Dhakas traffic jam causes Tk 370b annual loss

first_img.Spending hours in tailback, commuters in Dhaka city suffer from a variety of diseases caused by pressure of traffic congestion on human mind.This was observed at a roundtable on ‘Dhaka city’s traffic jam: Financial and health problems’ on Saturday.It was that the city’s traffic congestion eats up 5 million man hours every day.Research findings presented there show, the average speed of vehicles in the capital city has slowed down to only 5 kilometres per hour now from 21 kilometres per hour only 12 years ago.In a variety of research, the annual loss due to traffic jam is estimated between Tk 200 billion and Tk 370 billion and the average loss stands at Tk 370 billion a year, the roundtable was told.Experts said in view of deteriorating traffic situation in the city day by day, financial loss would increase in the coming days.Accident Research Institute (ARI) of Bangladesh University of Engineering and Technology (BUET) and Road Safety Foundation jointly organised the programme in the city.ARI director professor Md Moazzem Hossain, presenting the keynote, urged the authorities concerned to take immediate steps to improve the traffic system.Citing research findings, he pointed out that had the required measures been taken to improve the city’s traffic situation, an amount of Tk 220 billion could have been saved every year.“If the city’s traffic situation does not improve, the average speed of vehicles will come further down to 4 kilometers an hour — even less than average walking speed — by the year 2025,” Moazzem added.He blamed narrow roads, illegal parking, occupation of footpaths and frequent diggings of roads for the traffic congestion.Former director of National Institute of Traumatology and Orthopaedic Rehabilitaion (NITOR) professor Muhammad Siraj ul Islam said traffic jam puts negative impact on mental health that may ultimately lead to social instability.Farah Deeba, associate professor of Dhaka University’s Clinical Psychology department, said traffic jam impacts on the family life and social relations as it creates severe mental stress.Deputy director of Fire Service and Civil Defence Debashish Bardhan said a total of 2,500 lives were lost in fire incidents in the Dhaka division alone last year. “The number would have been much lower, had there been no traffic jam,” he added.The experts recommended increase in public transport, expansion of railway network, lessening the number of personal cars and decentralisation of Dhaka city to curb the traffic congestion.Professor Sarwar Jahan of BUET’s Urban and Regional Planning department, suggested modernisation and expansion of public bus service for addressing the traffic problem.Chairman of Road Safety Foundation and professor of DU’s Sociology department AI Mahbub Uddin Ahmed presided over the session.last_img read more

Baltimore Ceasefire Far From a Failure

first_imgOne of the goals of the Baltimore Ceasefire, which concluded this past weekend was for no murders to happen during the 72 hour span from Aug. 4 to Aug. 6. We fell short of that goal because there were two homicides on Aug. 5.However, Erricka Bridgeford, one of the movement’s main organizers gave the violence that occurred during the Ceasefire perspective in a Facebook post. “41 hours of peace from Friday-Saturday+26 hours of peace Saturday-Sunday=67 of 72 hours without murder,” she wrote. Further, one of the other main organizers of the Ceasefire, Ellen Gee calculated that Baltimore has averaged a murder about every 19.5 hours in 2017, a staggering number.Sean Yoes (Courtesy Photo)Yet, there have been news outlets (‘Nobody Kill Anybody’ weekend ceasefire collapses as two are shot dead,” was the headline in the London based Daily Mail), and individuals who have suggested the Ceasefire was a “failure.” In fact, there were trolls on social media who hoped people would be killed in the days leading up to the Ceasefire.What shall we then say to these people?’ to paraphrase Romans 8:31.We should mourn the tragedy of two more young, Black men, Lamontrey Tynes, 24, and Donte Johnson, 37, who were gunned down on Aug. 5 They were the 210th and 211th victims of homicide in 2017, within the 72 hour window of the Ceasefire (the Ceasefire movement is actually raising money for the families of the victims to help pay for funeral arrangements).However, the argument that the Baltimore Ceasefire movement was a failure because two people were killed in 72 hours, is flat out stupid and petty.“The goal was 72 hours, no murder and the goal also was to raise the vibration of the energy in Baltimore City, to spread love…to plug people into the resources they need, to create space for people to have conversations about things that they thought about people that weren’t necessarily true,” said Gee. “So, doing outreach in Baltimore City helped to bridge a lot of communication gaps. It helped to show people that people in Baltimore City, they’re not just thugs…they’re human beings,” she added.Leaders of a Beautiful Struggle (LBS), the Baltimore based Black, grass roots think tank engaged people directly on the streets of East and West Baltimore during the Ceasefire.“Friday night we were on the Eastside at Belair and Erdman and we stayed out all night, and we had food available for people…and we had lawyers, human and social service workers and the goal was to make sure that people could get their records expunged and…we were trying to show communities there are Black people here in Baltimore that are working on your behalf, that can assist you with changing your condition,” said Adam Jackson, CEO of LBS.“Saturday, we were at Frederick and Collins on the Westside. In the course of the time that we were there, because we spent from 6 p.m to 6 a.m., so, 12 hours each day…through the early morning…I think about 170 people total were able to get their records expunged,” Jackson explained.“It was about embracing anti-violence and also uplifting the spirit….and changing the vibration and lifting the vibrations of Baltimore. And I know for me personally…if you were at Belair and Erdman at midnight, that Friday it was electric,” Jackson added.“Because everyone was just like, we were talking about anti-violence and how in 24 hours there were no murders and everyone was just so hyped off of that. And embracing the idea that that’s not normal, murder is not normal and we should feel okay to express that we want to stop it…it’s not normal to embrace violence.”“You had people coming from East Baltimore to Edmondson and Wildwood (in West Baltimore) Friday night for the Stop the Violence rally, and how often does that happen in Baltimore?” said Gee. “And it was all love…at the height of the rally there were probably about 45 people with Ceasefire signs…and created like a party on the corner of Edmondson and Wildwood in the name of stopping the violence,” she added.“And for people to try to downplay that, or to minimize it and make it seem like, `that’s not a big deal,’ I don’t want to say I feel sorry for them, but I wish that they had the ability to see the vision and see the glory of it the way that we do. Because it is a beautiful thing to witness.”Sean Yoes is the AFRO’s Baltimore editor and host and executive producer of First Edition, which airs Monday through Friday, 5 p.m.-7 p.m. on WEAA, 88.9.last_img

HBO Asia has launched the streaming services mult

first_imgHBO Asia has launched the streaming service’s multiscreen OTT TV offering HBO Go in Vietnam.HBO Asia, its Vietnam agent Q.net and their platform partner FPT Play unveiled the launch at a press conference in Ho Chi Minh City. HBO Go is now available on the FPT Play app.HBO Go Asia offers series, movies and documentaries from the US and Asia, Hollywood blockbusters, Asian hit movies and kids programmes. The latest series will premiere on HBO GO on the same day as the US.Jonathan Spink, CEO of HBO Asia said that the service would soon be available on more platforms. Subscribers will also be able to live stream HBO, Max by HBO and Red by HBO channels which are subtitled in Vietnamese.Nguyen Hanh, Q.net president said that the group had been preparing to unveil HBO Go in the market for over three years, ensuring that the service was in full compliance with local law.Vu Anh Tu, deputy general director of FPT Telecom, said that the launch would mark “the first time young Vietnamese audiences have a chance to enjoy Band of Brothers, the latest season of Game of Thrones, and thousands of blockbusters and action programming on platforms including smartphone, tablet, smart TV, the web and FPT Play Box”.“The launch of HBO GO marked a critical breakthrough for FPT Play in providing the best audience experience. Working with a world-leading content provider, we will do our utmost to utilize technologies and infrastructure capable of offering audiences the most entertaining and relaxing programming, worthy of the No. 1-rated OTT service provider in Vietnam,” he said.last_img read more

By Marin Katusa Casey Research

first_imgBy Marin Katusa, Casey Research There is little that would rock the oil world more than a revolution in Saudi Arabia. But with a coming leadership crisis, it is becoming all too likely. Saudi is facing major economic challenges as dramatic increases in social spending and domestic fuel consumption eat through the kingdom’s all-important oil revenues. Saudi Arabia is smack in the middle of the Middle East, an ever-tumultuous region currently rocking and rolling more than usual as the Arab Spring challenges longstanding autocratic assumptions, while war-torn Syria and defiant Iran tip the delicate Sunni-Shia religious balance in the world’s most important oil region. While the House of Saud might present itself as a stable, strong, and cohesive royal family, in truth the king and his successors are growing old and incapacitated in a throne room full of competing contenders. Meanwhile, the only other organized social group in the country – the Islamists – are waiting just outside the door. Want to see oil at $300 a barrel? To see $300/bbl oil, or to watch the news as Saudi troops attack Tehran, or to see a stranglehold on US oil imports, watch what a failed succession battle in the House of Saud that ends up destroying the whole family and ushering in an Islamist age in Saudi Arabia would do to the price of oil. It could happen sooner than you think. A Shaky House of Saud The king of Saudi Arabia, Abdullah Aziz bin Saud, is almost 90 years old. In Saudi Arabia’s royal system, the throne passes not from father to son but from brother to brother. The problem with the system is that none of King Abdullah’s brothers are exactly young and full of vigor. Crown Prince Salman, next in line to the throne, is already 76. He got the Crown Prince nod after two of his elder brothers died. The remaining brothers now average 80 years of age. A king who ascends the throne in his seventh or eighth decade is unlikely to have the energy or even the time to enact significant reforms. And reforms are needed. I’m not pushing democracy – Saudis don’t generally want democracy. What I’m talking about are the endemic problems that are battering the world’s biggest oil producer: high unemployment, a corrupt bureaucracy, a crippled economy, a weak education system, and a society full of frustrated youth. While the country crumbles, the three pillars that have long supported the royal family are also weakening. Massive oil revenues, which have long been used to buy public support, are being squeezed by sharply increased domestic demand. The Wahhabi Islamic establishment that supported the House of Saud is increasingly fractious and is losing credibility. And the royal family itself is struggling to maintain its rock-solid façade after losing two crown princes to old age in just a few years. The country’s foreign relations are little better. The Middle East is in turmoil, and Saudi Arabia’s longstanding alliance with the United States is in distress. Alongside these tangible problems is a multitude of intangible challenges that are revolutionizing the country. The regime used to control the population by controlling access to information, but of course that age is now almost over. The Internet has connected young Saudis with the rest of the world, and that worldview is prompting them to question some of the rules of their society. Even the religious establishment in Saudi Arabia is seeing its power eroded. Young Saudis are increasingly independent, using the Koran to guide their decisions without following specific decrees from a particular religious leader. The fact is, Saudi society today bears little resemblance to the passive masses of just a decade ago, and a decade from now the difference will be even bigger. Trying to lead his country through these modern challenges is a 90-year-old king, backed by a 76-year-old crown prince and their octogenarian brothers. Not surprisingly, it’s not working very well. New Battles, Old Tactics When the Arab Spring in Tunisia and Egypt sparked protests in Saudi Arabia, the protesters were not demanding democracy or trying to oust the royal family. No, the young Saudis who filled those streets had more basic demands. At the top of the list is jobs – 60% of Saudi’s citizens are under the age of 20, and the unemployment rate for young adults is nearly 40%. These young people want to be given the opportunity to better themselves and their country, but instead they cannot find work and live on government handouts. Adding fuel to the fire, those handouts have been shrinking. Saudi Arabia’s population has skyrocketed in the last half century. In 1972 the country had 6 million inhabitants; by 1992 that number had climbed to 17 million; and today there are 28 million Saudi Arabians. Oil incomes have climbed too, but not nearly apace. As such the government has been struggling to keep the population appeased with fewer dollars per head every year. The population keeps growing, and each person in the kingdom keeps using more oil. The result: shrinking oil revenues have to go further. It’s not a recipe for success, but when you’re 89 years old, you go with what has worked in the past. And that is precisely what happened in the wake of the Arab Spring: King Abdullah drowned the protestors in money – a $130-billion social-spending package that built new housing, increased payrolls, and boosted unemployment payouts. Saudi Arabia’s entire annual budget is just $180 billion, so the king almost doubled spending to appease the protestors. This tactic cannot work forever. Even in Saudi Arabia there is only so much oil money. The Saudi royals already need an oil price of at least $80 a barrel to support all their social programs, and with domestic oil consumption rocketing upward, that baseline price will keep climbing. But the unrest continues. The Summer of Saudi Discontent After King Abdullah offered billions of dollars in social spending, many protestors went home… except in the country’s oil-rich eastern provinces, where the protests never stopped. For the last 18 months Saudis in the eastern Qatif region have been demonstrating regularly, demanding the release of all political prisoners, freedom of expression, and an end to ethnic and religious discrimination. When Saudi security forces turned on the demonstrators last November, killing five, the protests took on a distinctly anti-Saud tone. In June, King Abdullah ordered the country’s security forces to go on a state of high alert due to what he called a “turbulent situation” in the eastern region. The unspoken side to the situation is that the turbulence is distinctly religious. Most Saudis are Sunni Muslims, and Sunni Islam is the only allowed religion in the country. However, 15% of the country’s inhabitants are Shia, and they have faced direct and indirect persecution for decades. Guess where the Shia live? In those turbulent, oil-rich eastern provinces. That is one aspect of Saudi discontent. But there are more. For example, last week Saudi security forces raided al Qaida cells in Jeddah and Riyadh. Evidence recovered during the raids supports the suspicion that a new branch in the Arabian Peninsula is gathering momentum for a wave of attacks. The royal family is at the top of their list of targets. Toppling the House of Saud would be a major victory for al Qaida, simply because of the instability that would ensue. All told, between external threats, internal divisions, and domestic struggles, the Saudi royal family looks very unstable indeed. So what would happen if the House of Saud crumbled? Remember, religion is the only social structure in Saudi Arabia. There are no political parties, unions, or social organizations, aside from a few charities run by members of the royal family. Were the House of Saud to fail, the only candidates ready to step up would be the Islamists. The shift to Islamist rule in Egypt has made the world pretty nervous. Longstanding allegiances are in limbo, and long-term relationships are changing. Imagine if it happened in Saudi Arabia. Islamist leadership in Saudi would not be the moderate, democratic version we’re seeing in Egypt. The Islamists in Saudi Arabia are Wahhabi Muslims, who practice the strictest and most conservative version of the religion. I can see these imams making several moves. First, a Saudi Arabia led by Wahhabi Islamists would not stay at peace with the Shia Islamic Republic of Iran. Both branches of Islam believe the other has strayed so far from the path that its followers are infidels. Odds of open war between Saudi Arabia and Iran would shoot sky-high the moment Islamists took power in Saudi Arabia. Even worse, a Wahhabi Islamist Saudi Arabia might well turn its strongest weapon against the infidels of the West – by turning off the oil taps. It would be the 1973 oil crisis all over again, but in an even more oil-dependent world. The price of oil shot up 300% in six months during the oil crisis. Today, that would mean an oil price of $300 per barrel. It would also mean the end of the era of friendly US-Saudi relations… and the demise of the petrodollar. That is a story in itself – one of great significance to anyone who owns US dollars. I have discussed previously how a US-Saudi deal to only use dollars to trade oil created a deep pool of support for the US’s currency – and what will happen if the petrodollar dies. The short version is that as the global oil trade moves away from US dollars into yuan, yen, rubles, and pesos, the world would have yet another reason to devalue the dollar. Expensive oil, open Sunni-Shia war in the Middle East, the loss of one of the world’s biggest oil producers as a stalwart ally, and an inevitable increase in religious politics across the Arabian Peninsula – such are the likely outcomes if the House of Saud comes tumbling down. It is not inevitable. There are 7,000 princes in the Saud royal family, the result of multiple wives and lots of progeny. In that mix there is undoubtedly a prince with the right mix of progressive thought and religious reverence to lead Saudi Arabia through its succession and into the future. But whenever a throne room is that crowded, it is very easy for a brawl to break out, depriving that perfect prince of his chance and giving the Islamists their opening. Either way, oil investors with the right picks in their portfolio will prosper, and the Casey Research energy team will be available to guide you along the way.last_img read more

Recommended Links

first_img Recommended Links – — FREE TRAINING EVENT: How to Survive the Coming Blue-Chip Bloodbath One expert claims today’s biggest, safest blue-chip stocks could suffer huge losses if they don’t prepare for a coming market upheaval… Paradoxically, he says this carnage could also create massive wealth for savvy investors who position themselves to profit right now. So, what exactly is going on and how should you prepare? Click here now to learn more… ATTENTION SUBSCRIBERS: The “Gold Window” Is Open – It happened once from 1976 to 1980… – Then again, from 1993 to 1996… – And more recently from 2000 to 2007… Said another way, once about every 10 years, you have the rare chance to make a fortune simply by tweaking the way you buy gold. Click here for the full details. The “Gold Window” is open.center_img Bill Editor’s note: The ultimate cost of all that Deep State money is yet to be tallied. But when the bill comes due, it’ll be more than the U.S. can pay…and the result will be an epic collapse of the entire financial system. Banks…stock markets…even your local stores will be caught in the whirlwind. And if you aren’t prepared, you could be ruined. That’s why Bill is warning everyone about what they need to do to protect themselves—and possibly even profit—from the worst of what’s coming. Watch Bill break it all down in his recent warning, right here. Editor’s note: “Our” money system is not really “ours”… Everything is controlled by the powerful, hidden force known as the “Deep State.” Today, we’re sharing a recent essay on the subject from Agora founder Bill Bonner. Below, Bill takes a close look at what’s really going on in our debt-ridden world. As you’ll see, it’s a serious issue that’s only getting worse… By Bill Bonner, editor, The Bill Bonner Letter Donald Trump had already gone broke – twice – by the time Bill Clinton took office. But then, the combination of lower interest rates and rising asset prices saved him. And extraordinary abundance and prosperity of the Clinton years owes little to Mr. and Mrs. Clinton and much to the fact that Alan Greenspan had inaugurated his famous “Greenspan Put” in 1987. Greenspan reassured investors that he had their backs with a rate cut whenever the stock market took a turn for the worse. This led to an “illusion of prosperity,” as stock prices rose, helping Bill get reelected… and gaining national prominence for Hillary as the aggrieved wife in the Monica Lewinsky affair. Stock prices filled with hot air… until the bubble in the Nasdaq blew up in Clinton’s last year in office. Both of this year’s presumptive candidates are “low interest rate” people, all right. Their adult lives were marked by the credit cycle and their careers shaped by ballooning debt. And now, almost the entire world economy depends on low rates. We live on Planet Debt. Subzero Yields The amount of government debt trading below zero yield rose to $11 trillion last week. In Japan, negative yields run out the yield curve until 2051. Overall, interest rates are said to be lower than they’ve been in 5,000 years. (This is a fanciful but entertaining factoid; you can’t compare the apples of Sargon the Great to those of Donald the Tremendous.) “How cometh it to be that interest rates ride so low… while the hack and the hustler ride so high?” you might wonder. We are glad you asked… We have been connecting dots. These are dots that others do not want to connect. Because they connect to too many reputations, too many fortunes, and too many opinions. We are talking about the line that runs from the post-1971 money system to the Deep State, passing through the spectacular rise of China… the spectacular fall of the U.S. (where the average man has made no financial progress in the last 40 years)… to the remarkable luck of the 1% (who got richer and richer, as most people around them lost ground). Yes, the line ties together the great kvetches of our time: inequality… stagnation… alienation… globalization… debt… the failure of the economy… the failure of democracy… and the failure of our own culture. According to political scientist Charles Murray, white middle- and lower-middle-class Americans now suffer from the ills that were once confined to ghettos – broken homes, drug addiction, unemployment, and violence. Surely, we’re not going to try to pin that on the Deep State, too? Yes… we are. Deep State Money “Our” money system is not “ours.” It is the money system created by, for, and of the financial insiders. It is the Deep State’s money system! But wait… we sense an objection: “Isn’t it the money system set up by our elected representatives… and supposed to serve us all?” Oh, dear reader, sometimes you make us laugh. Really, where have you been? America’s money system is largely under the control of one organization – the Fed. And the Fed was set up at a secret meeting of plutocrats and bankers. (No kidding they rode down to Georgia in a private train, using phony names so they wouldn’t be identified.) It is not owed by the people… nor by their government. It is owned by private banks. And it is controlled by a small group of unelected insiders – mostly bankers and their economists. It has never been audited. And no member of Congress really knows what it is up to. Miracle-Gro On August 15, 1971, President Nixon made the fateful announcement that the world’s reserve currency, the U.S. dollar, would no longer be directly convertible to gold. But do you think Mr. Nixon came up with that on his own? Do you think he was advised by our elected representatives? No chance. Instead, the insiders, the bankers, and the deepest of the Deep State elite had his ear. The president – and probably almost everyone else – had no real idea of what was going on… or why. But that was 45 years ago. A lot has happened since. The new money was a Sahara for the common American; his income growth dried up… his wealth ceased growing. But it was Miracle-Gro for the Deep State. The insiders sank their roots deeper and deeper into the U.S. economy, sucking out more and more wealth and power. Whether the insiders fully realized what they were doing in August 1971, we don’t know. But as the system developed, they liked it. More than that, they became dependent on it. And now, almost the entire world – its stocks, bonds, real estate, and collectibles… along with its businesses, retailers, factories, investors, bonused-up executives, papered-up speculators, Ph.D. economists, and politicians – almost everybody with wealth or power depends on the insiders’ cheap money. “Government can have no more than two legitimate purposes,” wrote the 18th-century English political philosopher William Godwin, “the suppression of injustice against individuals within the community and the common defense against external invasion.” But now it has another purpose… a goal it is desperate to achieve – keeping the low-interest rate planet spinning. Regards,last_img read more

This article was produced in partnership with MLK5

first_imgThis article was produced in partnership with MLK50, which is a member of the ProPublica Local Reporting Network. Methodist Le Bonheur Healthcare, the largest hospital system in Memphis, Tenn., said it has suspended “court collection activities” over unpaid medical bills — just days after an investigation by MLK50 and ProPublica (which also appeared on NPR) detailed its relentless pursuit of debts held by poor people and even its own employees.”We recognize that we serve a diverse community and we are always thinking about how we can do more and serve our community better,” Methodist said in a written statement. “Over the next 30 days we will be reviewing our policies and procedures to ensure we are doing everything possible to provide the communities we serve with the care and assistance they need. Also, we will immediately suspend any further court collection activities during this period.”As a learning organization that is committed to continuous quality improvement, we want to be absolutely sure that our practices continue to support our mission and vision of improving every life we touch regardless of ability to pay.”Methodist dropped more than two dozen cases that were set for initial hearings on Wednesday’s morning docket at Shelby County General Sessions Court.”Currently, Methodist is in the process of reviewing its collection processes,” R. Alan Pritchard, one of Methodist’s attorneys, told General Sessions Court Judge Deborah M. Henderson.”You are free to leave,” Henderson told one defendant, who looked puzzled, a purse on her shoulder and a folder full of papers in her hand.Henderson called the names of other defendants whose cases were on the docket.Again and again, Pritchard said: “Dropped, please, your honor.”One of the defendants whose case was dropped is Adrien Johnson, who works for the city of Memphis. Methodist sued him this year for an unpaid hospital bill of more than $900.Reached by phone, Johnson said he believes the hospital bill was for X-rays he had taken while he was covered by his wife’s insurance. Wednesday was his first court date, and after the hearing, he said he wasn’t clear what the status of his debt was.”I don’t know what they’re doing,” he said. “I need to find out what’s going on.”From 2014 through 2018, the hospital system affiliated with the United Methodist Church filed more than 8,300 lawsuits, according to an MLK50-ProPublica analysis of Shelby County General Sessions Court records. That’s more than all but one creditor during that five-year period.One story by the news organizations chronicled the struggle of Carrie Barrett, who makes $9.05 an hour at Kroger, to pay her 2007 hospital bill for $12,019. The bill has ballooned to more than $33,000 due to interest and attorney’s fees.Another story detailed how Methodist sues its own employees, some of whom make less than $13 an hour, for unpaid bills related to care delivered at its hospitals. Its health plan doesn’t allow workers to seek care at hospitals with more generous financial assistance policies.Defendants talked about how the lawsuits upended their lives and left them in a position where they would never be able to pay off their debts, which grew from year to year as interest mounted.With $2.1 billion in revenue and a health system that includes six hospitals, Methodist leads the market: In 2017, it had the most discharges per year and profits per patient, according to publicly available data analyzed by Definitive Healthcare, an analytics company.Methodist says it has “a hospital in all four quadrants of the greater Memphis area, unparalleled by any other healthcare provider in our region,” plus more than 150 outpatient centers, clinics and physician practices. The system also said it provides community benefits of more than $226 million annually.The number of lawsuits Methodist files isn’t out of proportion to its size, at least compared to competitor Baptist Memorial Health Care and Regional One Health, the county’s public hospital. But Methodist stands out in other respects.Its financial assistance policy, unlike those of many of its peers around the country, all but ignores patients with any form of health insurance, no matter their out-of-pocket costs. If they are unable to afford their bills, patients then face what experts say is rare: A licensed collection agency owned by the hospital.Also, after the hospital sues and wins a judgment, it repeatedly tries to garnish patients’ wages, which it does in a far higher share of cases than other nonprofit hospitals in Memphis. A court-ordered garnishment requires that the debtor’s employer send to the court 25% of a worker’s after-tax income, minus basic living expenses and a tiny deduction for children under age 15.Methodist secured garnishment orders in 46% of cases filed from 2014 through 2018, compared with 36% at Regional One and 20% at Baptist, according to an analysis of court records by MLK50.Methodist’s announcement was welcomed by some local lawmakers.”Methodist has been such a great community partner throughout Shelby County that I’m glad to hear they’re reviewing their process over the next 30 days,” said Shelby County Commissioner Mickell Lowery, whose district includes Methodist University Hospital.U.S. Rep. Steve Cohen, D-Tenn., said: “I was surprised to read about Methodist Le Bonheur’s billing practices, and I’m glad that the company is re-examining them. … I will continue to monitor this situation and look forward to the company’s assessment.”But the Rev. Anthony Anderson, a United Methodist elder at Faith United Methodist in Memphis, was more reserved.”I am still heartbroken, and I say that spiritually,” Anderson said. “It breaks my heart to know that a Methodist-related entity, a hospital, would have these types of practices.”He welcomed the policy review, but only if it leads to the complete erasure of all outstanding patient debt.”This debt needs to be wiped away,” Anderson said. “That will be the direction I will be pushing towards as a Methodist — that we don’t burden families with these type of financial penalties.”New data obtained from Shelby County General Sessions Court shows that Methodist has filed more than 600 new lawsuits this year. Its most recent suits were filed on June 21, days before the MLK50-ProPublica stories were published. Its most recent garnishment order was filed on Tuesday.Wendi C. Thomas is the editor of MLK50: Justice Through Journalism. Email her at wendicthomas@mlk50.com and follow her on Twitter at @wendicthomas.ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up for ProPublica’s Big Story newsletter to receive stories like this one in your inbox as soon as they are published. Copyright 2019 ProPublica. To see more, visit ProPublica.last_img read more

THE BBC have secured the rights to the Rugby Leagu

first_imgTHE BBC have secured the rights to the Rugby League World Cup 2021, cementing their commitment to Rugby League over the next four years.As well as showing the forthcoming Rugby League World Cup in October/November 2017, the new deal means the BBC will now retain free-to-air rights to all 31 matches of the 2021 home tournament. Live coverage of at least 16 matches will be on BBC One or BBC Two, with the remaining matches available on Red Button and online.Rugby League already has a strong presence on the BBC with 40 weeks of coverage on network TV every year with the Super League Show and Ladbrokes Challenge Cup programmes transmitted from February to October. There are more than 50 commentaries a season on BBC Radio 5 live and 5 live sports extra from the Betfred Super League, the Ladbrokes Challenge Cup and England internationals with ongoing coverage on the BBC Sport website including news, analysis, features, video clips and podcasts.For the first time ever, BBC Sport will also show a match from every round of the Ladbrokes Challenge Cup leading up to the final. One match from the early rounds (one to five) will be streamed on the BBC Sport website bringing viewers the latest from the community game. The network televised matches on BBC One and BBC Two start in May from round six onwards.Rugby League World Cup 2021 bid lead, Jon Dutton said: “We are pleased that the BBC will show all 31 games throughout the 2021 World Cup live. This is a very significant moment for the sport and will enable visibility and profile for the tournament like never before. We look forward to working with the BBC to create excitement not just for the tournament but also across many platforms in the build up to the World Cup.”Director of BBC Sport, Barbara Slater, added: “This is the biggest international event in the Rugby League calendar and we’re delighted to have secured the rights to it, building on our extensive portfolio of the sport and this year’s World Cup down under.“Securing comprehensive rights for Rugby League World Cup 2021 in England means we will once again bring audiences to the heart of the action via first-class coverage on the International stage, and unprecedented coverage of the event will be available on the BBC.”last_img read more

Tesla Offers 28 Billion for SolarCity in No Brainer Deal for Musk

first_img Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity’s Inside Energy Summit. Tesla Offers $2.8 Billion for SolarCity in ‘No Brainer’ Deal for Musk Image credit: Reuters | Rashid Umar Abbas 4 min read June 22, 2016 Next Article –shares Register Now » This story originally appeared on Reuters Tesla Reuters Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc., made an offer to buy his solar installation firm SolarCity Corp. in a stock deal worth as much as $2.8 billion.Tesla shares plunged more than 13 percent to $189.99 in extended trading — amounting to a loss in value of about $4.3 billion, or more than the value of the offer for the other company. Shares of SolarCity rose about 18 percent to $25.02.Musk, who is the chairman of SolarCity, CEO of Tesla and the largest shareholder of both companies, described the deal as a “no brainer” in a call with reporters. The company could sell customers an electric car, a home battery and a solar system all at once, he said.”Instead of making three trips to a house to put in a car charger and solar panels and battery pack, you can integrate that into a single visit,” Musk told reporters. “It’s an obvious thing to do.”Tesla investors punished the company’s shares, however.”Ideally you want to see Tesla focus on Tesla — building Teslas and expanding the cars,” said Ivan Feinseth, an analyst at Tigress Financial Partners. “Maybe the feeling is that this takes away focus, and it could financially strain Tesla, which is going to continually need a lot of cash.”SolarCity has about $6.24 billion in liabilities, including debt.Tesla executives said its predictable cash flow in the form of payments for its solar systems pays for the debt.Although it is the U.S. market leader in residential rooftop solar systems, it regularly posts quarterly losses and the stock has fallen nearly 60 percent so far this year, pummeled by investors who see its business model as too complex in a market that has become increasingly competitive.Musk said Tesla did not know how many of its customers have solar panels, but guessed that most of them were likely interested in solar. In a blog, Tesla described the deal as a way to expand both companies’ markets.The solar systems will be sold under the premium Tesla brand, which is seeking to expand its target market with a $35,000 electric vehicle called the Model 3 that it will begin delivering late next year.Musk, who owns 19 percent of Tesla and 22 percent of SolarCity, said he would recuse himself from voting on the deal. He could not say how soon shareholders could vote on the deal, as due diligence needs to take place first.SolarCity CEO Lyndon Rive, Musk’s first cousin, said he supported the deal but would also recuse himself from voting. Rive’s brother, Peter, is also a founder of the company and its chief technology officer.Musk and Lyndon Rive hatched the idea for SolarCity during a trip to the Burning Man desert festival in 2004. Over a decade later, SolarCity has become the top U.S. residential solar installer thanks to a no-money-down financing scheme that allows homeowners to pay for their solar panels through a monthly fee that is less than what they would pay their local utility.Tesla said it offered $26.50 to $28.50 per share for SolarCity, which represents a premium of about 25 percent to 35 percent to the company’s Tuesday close of $21.19. That values the deal at about $2.6 billion to $2.8 billion overall.In a statement issued late Tuesday, Tesla said its management will host a conference call to discuss the ‘rationale’ surrounding the offer to buy SolarCity. The conference call is scheduled to take place Wednesday morning before U.S. markets open.(Reporting by Subrat Patnaik and Aurindom Mukherjee in Bengaluru, Paul Lienert in Detroit and Nichola Groom in Los Angeles; Editing by Bill Rigby, Peter Henderson and Sunil Nair) Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Add to Queuelast_img read more

Bright Pattern Contact Center Now Available on Microsoft AppSource

first_imgBright Pattern Contact Center Now Available on Microsoft AppSource PRNewswireMay 27, 2019, 6:29 pmMay 27, 2019 Bright Patternline-of-business solutionsMarketing TechnologyMicrosoft AppSourceMicrosoft Dynamics 365News Previous ArticleBraze Hires Former Bazaarvoice Executive as CMO, Former Marketo Chairman and CEO to Join Board of DirectorsNext ArticleKey Social Media Monetization Tactics for Mobile-First Gaming Brands Bright Pattern, a leading provider of omnichannel cloud contact center software for innovative companies, announced the availability of Bright Pattern Contact Center on Microsoft AppSource, an online cloud marketplace providing tailored line-of-business solutions.Bright Pattern provides simple and powerful contact center software for innovative midsize and enterprise companies. Offering a true omnichannel cloud platform, Bright Pattern allows companies to offer an effortless, personal, and seamless customer experience across channels, including voice, text, chat, email, video, messengers, and bots. Bright Pattern integrates with Microsoft Dynamics 365 to help Microsoft customers manage increasing contact volume, provide better service to your customers, and increase agent productivity and performance.Bright Pattern Contact Center integration for Dynamics 365 features includes:Blended voice and chat — Agents can handle customer inquiries over the phone, chat, and SMS/text simultaneously from within Dynamics 365.Click-to-call — Agents have easy-to-use click-to-call icons within Dynamics 365, helping brands drive tickets to resolution faster.Microsoft data access — Bright Pattern Contact Center taps into the Microsoft database to identify customers, update records, and automatically log real-time interaction with customer tickets.Put tickets in context — Agents can view notes and context from all previous customers interactions regardless of the channel, improving agent productivity and boosting customer satisfaction.Screen pop — Agents can instantly identify customers with screen pops from Dynamics 365, including useful information such as contact details forms, recent activities, webpages, and previous tickets.Single sign-on with Microsoft Azure — Utilizing Azure, agents are able to log in faster with single sign-on.Marketing Technology News: Seven Tech Data Executives Named 2019 CRN “Women of the Channel”“Bright Pattern shares Microsoft’s strategic vision for a mobile world of customer engagement with the strongest mobile capabilities, including in-app messaging, SMS/text messaging, and social messenger channel support,” said Michael McCloskey, CEO of Bright Pattern. “Our availability in Microsoft AppSource brings together the rich data from Microsoft Dynamics 365 with the power of the Bright Pattern omnichannel call center solution to provide a context-rich and personal experience.”Marketing Technology News: Teleperformance Groups ‘Praxidia Knowledge Services’ partners with CallMiner to launch TP Interact – a Comprehensive Interaction Analytics SolutionKirsten Edmondson Wolfe, Senior Director, AppSource Product Marketing, Microsoft Corp., said, “We’re excited to welcome Bright Pattern to Microsoft AppSource, which gives our customers access to the best solutions available from our extensive partner ecosystem. Microsoft AppSource offers partner solutions such as Bright Pattern Contact Center to help customers enhance the efficiencies of their contact centers and improve customer satisfaction.”Marketing Technology News: Cint Appoints SVP of Asia Nicholas Antram to Continue Strategic Expansion Across the Regionlast_img read more

Combination of a vaccine and checkpoint drugs reduces pancreatic tumors in mice

Reviewed by Alina Shrourou, B.Sc. (Editor)Dec 18 2018Researchers at the Johns Hopkins Kimmel Cancer Center discovered a combination of a cancer vaccine with two checkpoint drugs reduced pancreatic cancer tumors in mice, demonstrating a possible pathway for treatment of people with pancreatic cancers whose response to standard immunotherapy is poor.Results of the experiments combining an immune system booster vaccine called PancVAX with two checkpoint drugs derived from anti-PD-1 and agonist OX40 antibodies were published in the journal JCI Insight in October 2018.The findings showed by using PancVAX with the checkpoint drugs, pancreatic tumors had a better response to therapy by converting T cell-poor tumors into tumors that are rich in specific T cells. T cells are critical cells of the immune system to recognize and kill cancer cells.Because T cell deficiencies are common in pancreatic and other kinds of cancers with fewer genetic mutations, researchers in recent years have increasingly experimented with immunotherapy drugs that — individually — draw only a weak response, but in combination appear to work better.Corresponding author Neeha Zaidi, M.D., an oncology fellow at the Kimmel Cancer Center, said one major challenge is to find ways to induce T cells to get into the tumor microenvironment, and her team’s latest experiments add to evidence that tumor vaccines in combination with checkpoint modulators may be an effective way to achieve this.”The vaccine tunes in the signal of the tumor for therapy, and the checkpoint drugs amplify the signal to teach the immune system to go after the tumor,” Zaidi said. “This framework is a personalized strategy to go after pancreatic and other nonimmunogenic cancers.”After the mice received the combination treatment and had their tumors cleared, reintroduction of tumor cells did not develop, indicating a memory of the T cells to target the cancer. Elizabeth Jaffee, M.D., senior author of the study and deputy director of the Kimmel Cancer Center, said the combination approach has promise for patients who are or become resistant to immunotherapy drugs after a recurrence of their tumors. But she cautioned that more animal studies and clinical trials for safety and value will be needed before the combination can be used in humans. The combination is not currently available to people, and potential costs are unknown.Related StoriesMore effective flu vaccine begins clinical trials across the U.S.Novel vaccine against bee sting allergy successfully testedNanotechnology-based compound used to deliver hepatitis B vaccine”We have already seen some promise with current vaccines being tested in patients with this cancer,” Jaffee said. “We now have the next generation of vaccines that are more specific to each patient’s own cancer, and we have reason to hope that a combination drug approach will offer more to patients.”Pancreatic cancer is a particularly challenging disease, because there are many barriers to generating a robust immune response within the tumor. Zaidi said there are plans for pilot clinical trials for pancreatic cancer patients with advanced cancers within the next year or so.According to the National Cancer Institute, deaths from pancreatic cancer accounted for more than 7 percent of all cancer deaths in 2018. It remains one of the most lethal malignancies because by the time it is diagnosed, it has generally spread beyond its original site.Pancreatic cancer is the fourth leading cause of deaths due to cancer in the United States, with a median survival of less than six months.Corresponding author Mark Yarchoan, M.D., assistant professor of oncology at the Kimmel Cancer Center, said, “This work is very exciting and supports further testing of this treatment combination in patients with pancreatic cancer, and perhaps other cancers as well that have so far not responded to immune checkpoint inhibitor therapies.” Source:https://www.hopkinsmedicine.org/news/newsroom/news-releases/vaccine-checkpoint-drugs-combination-shows-promise-for-pancreatic-cancers read more

A Pair of Shipwrecked WWIIEra Submarines Just Vanished from the Sea Near

first_img Shipwrecks Gallery: Secrets of the Deep In Photos: Diving for a Famed Roman Shipwreck Disasters at Sea: 6 Deadliest Shipwrecks Originally published on Live Science.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeVikings: Free Online GamePlay this for 1 min and see why everyone is addicted!Vikings: Free Online GameUndoBeverly Hills MDPlastic Surgeon Reveals: “You Can Fill In Wrinkles At Home” (Here’s How)Beverly Hills MDUndoInfinityKloud1 Click Backup Solution For The Tech-Unsavvy.InfinityKloudUndoTruthFinder People Search SubscriptionOne Thing All Liars Have in Common, Brace YourselfTruthFinder People Search SubscriptionUndoKelley Blue Book2019 Lexus Vehicles Worth Buying for Their Resale ValueKelley Blue BookUndoGundry MD Total Restore SupplementU.S. Cardiologist: It’s Like a Pressure Wash for Your InsidesGundry MD Total Restore SupplementUndo More than 100 World War II-era shipwrecks decorate the seafloor around Indonesia, Malaysia and Singapore — and now, there are two fewer. According to Dutch media reports, a pair of submarines that sank off the coast of Malaysia in 1941 mysteriously vanished late last week, leaving behind only some broken scraps and ghostly outlines in the sand. The wrecked subs — Dutch vessels named HNLMS O 16 and HNLMS K XVII — also contained the remains of 79 crewmen, which are now missing. [17 Mysterious Shipwrecks You Can See on Google Earth] How does a shipwreck simply disappear? According to Dutch government officials, the subs were likely stolen by scrap-metal scavengers, who have made a habit of pilfering old wrecks from the region. As many as 40 World War II-era ships have been partially or completely dismantled by scavengers, a 2017 report by the Guardian found, resulting in the desecration of the remains of some 4,500 crewmen who went down with their ships.Headbutting Tiny Worms Are Really, Really LoudThis rapid strike produces a loud ‘pop’ comparable to those made by snapping shrimps, one of the most intense biological sounds measured at sea.Your Recommended PlaylistVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9接下来播放Why Is It ‘Snowing’ Salt in the Dead Sea?01:53 facebook twitter 发邮件 reddit 链接https://www.livescience.com/65894-dutch-wwii-era-submarines-vanished.html?jwsource=cl已复制直播00:0000:3500:35  Salvaging a shipwreck usually requires blowing the vessel apart with explosives, then spending days or weeks hauling any valuable metals up onto the surface with a crane. For their trouble, scavengers can come away with millions of dollars’ worth of steel per ransacked ship, plus other spoils, such as copper cables and phosphor bronze propellers, according to the Guardian article. Wartime shipwrecks are protected under international treaties as the unmarked graves of departed soldiers — however, that has not stopped salvagers from destroying the wrecks of the American, British, Dutch, English, Australian and Japanese vessels resting in South East Asian waters. In March 2018, Malaysian officials signed an agreement with the Dutch foreign minister to better protect Dutch war wrecks in Malaysia’s waters. (Parts of Malaysia were once under Dutch colonial rule.) The agreement followed a string of particularly serious shipwreck desecrations; in 2016, the wrecks of three Dutch warships vanished from the bottom of the Java Sea off the coast of Indonesia, along with the remains of 2,200 people, the Guardian reported.last_img read more