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US Economy Braces For The Worst After Asian Markets Implode

4892943The U.S. stock market will be on high alert Tuesday following a historic collapse in Japanese markets overnight and a day of fiscal carnage in Europe. The European selloff in bank shares, ignited by Deutsche Bank Monday, bled into Japan as the countries experience the effects of negative interest rates. The yen rocketed to a 15-month high, eviscerating the Japan’s stock index, Nikkei 225, which shed over 918 points as it tumbled down 5.4 percent. The yield on a benchmark 10-year Japanese government bond (JGB) fell below zero percent for the first time ever, as negative rate policy from Japan and the European Central Bank (ECB) begin destroying any return on investment from government debt. As fear chokes global markets, gold has soared to its highest price since June, reports Business Insider. European markets picked up where they left off Monday, with the FTSE 100 index falling to three-year lows. Mounting concerns over global financial stability and a dip in crude oil to $30 dollars a barrel sent shockwaves around markets Monday, as did a growing skepticism of central bank policy. Central banks globally have been stimulating growth through currency devaluations and unprecedented cuts in interest rates, however, growth remains sluggish at best. In response, the ECB and Japan have moved to negative interest rates, gambling the public still trusts their credibility, reports Financial Times. The bloodbath in Japan’s markets would suggest otherwis...  

BT Sport Showcase to show Juventus v Bayern Munich

BT Sport is to show Juventus and Bayern Munich's upcoming UEFA Champions League clash on its Freeview channel BT Sport Showcase. Juventus made it to the final of last year's competition but lost to Barcelona by two goals to one at the Olympiastadion in Berlin. Bayern Munich also have the Champions League trophy in their sights this year, as they won the competition in 2013 and were beaten finalists the season before. Viewers can tune into Freeview channel 59 on Tuesday 23rd February at 19:45 to witness the last-16 tie. The match comes shortly after Bayern manager Pep Guardiola confirmed he is swapping the Allianz Arena for the Etihad next season and becoming Manchester City's new boss. BT Sport Showcase is also set to show two UEFA Europa League games in the coming weeks. Borussia Dortmund are set to take on FC Porto at 18:00 on Thursday 18th February, while Gary Neville's struggling Valencia side will play Rapid Vienna at 20:00 on the same night. Simon Green, Head of BT Sport, commented: "The UEFA Champions League and UEFA Europa League knock-out stages highlight where the season is now heading with real silverware to be won.  "It’s great to be able to give Freeview viewers the opportunity to experience BT Sport’s exclusively live coverage of the UEFA Champions League and UEFA Europa League on BT Sport Showcase." BT Sport subscribers have plenty of other exciting games to look forward to this month, including five matches from the Barclays Premier League....  

Alkermes CEO, Richard Pops, On ALKS 5461 And Challenges In Developing New ...

While 2015 saw the FDA approve drugs for major diseases like diabetes, psoriasis and heart disease, more striking were the approvals for drugs that are “targeted therapies” to treat specific forms of cancer or drugs for rare diseases. There are good ...  

Bahrain PM visits Alba stand at Gulf Industry Fair

The Premier visiting Alba's stand at GIF 2016 Bahrain's Prime Minister HRH Shaikh Khalifa bin Salman Al Khalifa today (February 9) visited the Aluminium Bahrain (Alba) stand at the ongoing Gulf Industry Fair (GIF) 2016, in Bahrain. The fair was inaugurated by the Premier earlier today, at the Bahrain International Exhibition and Convention Centre. The event will conclude on February 11. The Premier, accompanied by VIP guests and dignitaries, was welcomed by Alba’s chairman of board of directors, Shaikh Daij bin Salman bin Daij Al Khalifa and the executive management at the Alba stand. Shaikh Daij presented HRH the Premier with a model of Alba smelter and HRH’s portrait made from Alba’s aluminium and by its employees. The model also included pictures of the Premier from Alba’s library that highlight his continuous support to Alba’s growth since its establishment in 1971 till to date, said a statement from the company. Shaikh Daij said: “I would like to extend my utmost thanks and appreciation to HRH the Premier for his generous and continuous contribution towards the growth of aluminium industry in Bahrain and the GCC region. “Today, our company is genuinely honoured to receive HRH and we are grateful for HRH’s instrumental support that made Alba one of the leading aluminium smelters in the world. Also, I would like to express my deepest gratitude for HRH's continuous support for Alba's Line 6 Expansi...  

From Chennai to Silicon Valley: Google CEO Sundar Pichai's Rise to Power

Growing up as a quiet boy in a modest house in Chennai, India, Sundar Pichai has gone on to become one of the most prominent figures driving the global corporate force that is Alphabet Inc. (NASDAQ:GOOG). This Monday, the CEO received an award of $199 million Class-C Google shares, reflecting how well his work has won him trust and brought him within the close circle of company co-founders Larry Page and Sergey Brin. Mr. Pichai has been granted rights to 273,328 Class-C Google shares, making him the highest paid chief executive of the company, based on the stock’s closing price on February 3. This is the most lucrative compensation Google has ever disbursed to senior executives. As per Alphabet’s official filing, on the same day, the CEO is believed to have sold 375 Class-A common stock shares at $786.28 apiece, along with 3,625 Class-C capital shares at $768.84 apiece. The CEO can avail the awarded Class-C shares till 2019, in quarterly increments, as long as he does not abandon his position until then. Having served as a deputy to Mr. Page, Mr. Pichai was promoted to chief executive in August 2015; he is expected to hold his seat for at least three years. Alphabet Inc. also awarded restricted stock worth $42.8 million to head of its cloud division, Diane Greene, while CFO Ruth Porat also received $38.3 million in equity. Alphabet briefly overtook Apple Inc. as the world’s most valuable company, after releasing better-than-expected quarterly earnings on...  

Have Ice Ages Gone Extinct?

A new study in Nature says the Earth, previously headed for an Ice Age before the Industrial Revolution, is likely to maintain its current warm phase in the glacial cycle for an unprecedented amount of time. The researchers―Andrey Ganopolski, Ricarda Winkelmann, and Hans Joachim Schellnhuber of the Potsdam Institute for Climate Impact Research―first examined the effect of the Earth’s  orbital characteristics on the glacial cycle, but found that increased carbon dioxide (CO2) played a more important role.  Additionally, they found a critical relationship between CO2 and solar radiation that could aid in predicting the beginning of the next glacial period. Industrialization and increased carbon dioxide may have altered the Earth’s glacial cycle for thousands of years to come. (Photo:Bruce Osburn/Flikr) “This illustrates very clearly that we have long entered a new era, and that in the Anthropocene humanity itself has become a geological force. In fact, an epoch could be ushered in which might be dubbed the Deglacial,” co-author Hans Joachim Schellnhuber said in a press release for the study. Interglacial periods are the phases in Earth’s history with generally low amounts of global ice, and glacial periods have the most ice. The study uses the commonly accepted theory that glacial periods occur when Northern Hemisphere summer solar radiation (the amount of solar energy reaching the Earthȁ...  

Twin births have almost doubled since the 1970s

Mirka Federer, wife of Swiss tennis star Roger, with their twin girls, born in 2009. Five years later the couple had twin boys(Keystone) The rate of twin births in Switzerland and other developed countries has almost doubled within four decades. The two main reasons are delayed childbearing and the expansion of medically assisted reproduction. In Switzerland, the rate increased from 8.8 twin births per 1,000 births in 1970 to 16.4 in 2005, according to a study published on Monday in the journal Population and Development Review. The rates varied considerably: in Denmark in 1975 there were 9.6 twin births per 1,000, in 2011 there were 22.2. In Chile, on the other hand, the rate went from 7.7 in 1975 to just 8.8 in 2005. The researchers found that in a quarter of developed countries with the relevant data the twinning rate reached a plateau around the early 2000s and had decreased since. This was not the case in Switzerland, where the twin rate continues to climb. The two main reasons are delayed childbearing, as older women tend to have twins more frequently than younger ones (the peak age group for twins is 35-39), and the expansion of medically assisted reproduction (MAR), which carries an increased probability of multiple births. The effect of MAR – which consists of hormonal treatment and assisted reproductive technology (ART) – is estimated to be about three times as important as the effect of delayed childbearing, according to the ...  

Thai Health Policy Seen as Model for Emerging Economies

BANGKOK— The President of the World Medical Association said Thailand’s universal health program is a model for other emerging economies in Asia, including India, in providing health services to low income workers. There are growing tensions within the Thai health system amid pressures for co-payments to cope with rising costs. Thailand’s universal health program, introduced in 2002, has been seen as a model for comprehensive health systems in Asia, especially in India and Myanmar, where the health systems are still evolving. Universal health coverage The coverage in 2002 quickly extended to 18 million people who were uninsured, along with an additional 29 million covered by less comprehensive schemes. Michael Gideon Marmot, British public health professor in public health policy and president of the World Medical Association, said the Thai program stands in contrast to other health plans, such as those in India. “With universal health coverage in Thailand, only about 20 percent of health care use is in the private sector –just over half of that is out of pocket – something like 11 [percent] of health care expenditure in Thailand is out of pocket,” Marmot explained. “In India, it’s 63 percent out of pocket – and pockets are shallow over in India. So Indians are being deprived of access to health care because they can’t afford it.” Marmot said a higher proportion of India’s health sys...  

New Hampshire Heroin Epidemic: In 2016 Primary, Republicans Offer Few ...

Dennis Dutra started drinking alcohol and smoking marijuana when he was 12. By age 15, he was using cocaine and by age 25 he was a regular heroin user. He began using drugs as a way to fit in with the popular kids, he said, and he got hooked. Without a place to live, Dutra wound up in and out of prison and treatment multiple times. Nothing seemed to stick until a New Hampshire state-funded grant allowed him to enter a treatment program in prison and continue in a residential treatment program while on parole. After that, another grant helped pay for recovery housing, which he said gave him a “safe, stable, sober and semi-structured environment” so that he could transition to life on his own. “Without that grant, I would’ve done what I had done probably 30 times prior. I had no home, no job, no money. I was back in the same environment that I was in and those barriers are so overwhelming,” said Dutra, 43, who has been substance-free since 2011 and works as a recovery coach at Hope for New Hampshire Recovery, the only organization in the state providing recovery support services to individuals struggling with alcohol and drug addiction. New Hampshire is suffering from a massive drug epidemic, and the state’s plight has become a prominent topic on the 2016 campaign trail as presidential candidates appeal to voters in the Granite State. Many White House hopefuls have visited New Hampshire Hope for Recovery as they learn about t...  

Worst tech mergers and acquisitions: Novell and Linux, Borland and Ashton-Tate

Corporate mergers - like marriages - can result in the whole being stronger than its parts -- or they can end in utter disaster. The IT industry has suffered its share of disastrous marriages. Here are the worst of the worst. (Previously: Facebook and Instragram)12. Novell & UNIX In 1991, if you were running a personal computer network in your business or enterprise, there was a good chance it was running on Novell's NetWare, which was the predominant server-based network operating system at the time. Released in both 16-bit and 32-bit versions for the 286 and 386 Intel processors, 1990's era NetWare ran on a proprietary protocol called IPX, which ran on Local Area Networks using Ethernet, Arcnet or IBM Token-Ring topologies. NetWare was known for its excellent network performance, server reliability, fault tolerance and OS stability, as well as its relatively easy administration, which helped it maintain its market position for many years. Novell had several competitors in the space, such as IBM OS/2 LAN Manager and Banyan-Vines, but none of them were ever as popular as the NetWare stack. However, with the release of Microsoft's Windows for Workgroups 3.1 in 1992 and Windows NT operating system in the summer of 1993, companies quickly began to shift to a fully integrated, single-vendor Client and Server OS solution for their networks. To maintain relevancy in the network operating system space, in 1991 Novell entered a partnership with AT&T's ...  


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