PITTSBURGH, PA – MARCH 17: Grayson Allen #3 of the Duke Blue Devils looks on against the Rhode Island Rams during the second half in the second round of the 2018 NCAA Men’s Basketball Tournament at PPG PAINTS Arena on March 17, 2018 in Pittsburgh, Pennsylvania. (Photo by Justin K. Aller/Getty Images)Duke and Louisville are locked into a tight battle at Cameron Indoor Stadium. The Blue Devils led by as many as 14 but now trail late in the contest.During the second half, Duke’s Grayson Allen drove to the basket and was knocked down. While he was on the ground, he appeared to intentionally trip Louisville’s Raymond Spalding, who had corralled the ball and was dribbling up court.yep, that’s a trip by Grayson Allen … https://t.co/hAfZbZaFGb— Ryan Fagan (@ryanfagan) February 9, 2016Definitely looks like he meant to do that.
APTN National NewsOne of the world’s largest oil companies says they are running out of oil.In its annual financial report, energy giant Exxon Mobil says that for every 100 barrels of oil it has in reserves, it can only replace 95.The Alberta government sees that as its ace in the hole.APTN National News reporter Noemi LoPinto has more.
When the Muses Strike: Creative Ideas of Physicists and Writers Routinely Occur During Mind WanderingShelly L. Gable, Elizabeth A. Hopper, and Jonathan W. Schooler Conceptually Rich, Perceptually Sparse: Object Representations in 6-Month-Old Infants’ Working MemoryMelissa M. Kibbe and Alan M. Leslie Read about the latest research published in Psychological Science: A Tight Spot: How Personality Moderates the Impact of Social Norms on Sojourner AdaptationNicolas Geeraert, Ren Li, Colleen Ward, Michele Gelfand, and Kali A. Demes How do contextual factors and personality traits affect how individuals adapt to a new culture when they temporarily move to a different country? To answer this question, Geeraert and colleagues analyzed data from a longitudinal acculturation project that measured young adults’ personality and cultural adaptation during and after a temporary move to a different country. These measures were collected on three occasions: 3 months before departure as well as 2 weeks and 5 months after arrival to the host country. Overall, participants who moved to a tight culture (i.e., one with strong norms and little tolerance for deviance) showed less adaptation than those who moved to a loose culture (i.e., one with less rigid norms), but participants originally from a tight culture showed more adaptation than those from a loose culture. Participants who scored higher on agreeableness and honesty-humility were less likely to feel the negative effects of cultural tightness or to return early to their home country. These results may help ensure a good fit between individuals’ personalities and their destination culture, which will increase the benefits of the rapid increase in international mobility. Do infants remember conceptual information about an object (e.g., the object is a ball) even when they do not remember perceptual information (e.g., the object is round and green)? This study indicates that they do. Six-month-old infants were familiarized with a yellow and red striped ball and a doll’s head with brown skin and eyes. The two objects were then hidden one at a time in separate locations. One of the objects then reappeared at the location where the first object was hidden; critically, this object could be the same one that had been hidden there or the other object. The experimenters measured the time that infants spent looking at this object. Infants looked longer when the object had been swapped, indicating that they remembered the hidden object’s conceptual information. This effect did not occur when the doll’s head was inverted and therefore not processed as a face. It also did not occur when the ball was swapped for a green ball with red polka dots or when the doll’s head was swapped for a doll’s head with pink skin and blue eyes, indicating that infants’ memory for the first object hidden relied on conceptual details (e.g., is the object a ball or a head?) but not on perceptual details (e.g., does the object have brown or blue eyes?). These results suggest that infants may encode the conceptual category of a hidden object, even when perceptual features are lost. Mind wandering, which involves thoughts that are both independent from the task at hand and different from one’s previous thoughts on the matter, can generate creative ideas experienced as “aha” moments, this study suggests. Every day for 1 or 2 weeks, physicists and writers listed their most important creative idea of the day, described what they were thinking and doing when the idea occurred, and rated the importance of the idea and whether it felt like an “aha” moment or not. Participants reported that about 20% of their most important ideas occurred when their minds were wandering, and these ideas were rated as being equally important and creative as the ideas formed while working on task. After 3 or 6 months, they rated all these previous ideas as slightly more creative but less important. Overall, ideas generated during mind wandering were more likely to be rated as “aha” moments, compared with ideas generated while working. Hence, profession-related ideas that occur outside of work when people are not thinking about the topic can be inventive and create sudden insights, showing a positive side of mind wandering.
(Click to enlarge) Renewed Fiscal Crisis by Early September At present, the US Treasury is playing daily accounting games in order keep its borrowings—subject to the debt ceiling—from exceeding the ceiling. The July 3, 2013 Daily Treasury Statement showed those borrowings to be just $25 million shy of the roughly $16,999.421 billion ceiling. The US Treasury estimates that the ability to play games will end, and the debt limit will have to be raised, sometime early in September 2013. The long-postponed and unresolved budget-deficit conflicts within the Congress and with the White House are likely to surface anew at that time. What is being played out here is still part of the fiscal-crisis confrontation of July and August 2011, which almost collapsed the US dollar and brought about a downgrade in the sovereign credit rating of the United States. The issues never were resolved. They were put off until after the 2012 election, and other than for minimal sequestration, they remain in play, going into a post-Labor Day 2013 showdown. The global markets, which broke into brief but extreme turmoil with the unresolved crisis in 2011, await a resolution. The markets have been patient with the US dollar through the ensuing sequestration, and continued postponements of serious negotiations that have accompanied successive displays of the political inability of the US government to address its long-range solvency issues. Further efforts at delay and/or obfuscation not only should invite an intensifying crisis of global confidence in the US dollar, but also will invite a further downgrade to the sovereign credit rating of the United States. The crux of the dollar-debasement and ultimate, severe-inflation/hyperinflation issues indeed is this political inability of the United States to cover its long-range obligations, other than by printing the money it needs. Based on the US Treasury’s financial accounting of the federal government using generally accepted accounting principles (GAAP), the GAAP-based federal budget deficit was $6.6 trillion in fiscal-year 2012 (year ended September 30). Well beyond the simple cash-based deficit of $1.1 trillion in fiscal 2012, the GAAP-based annual deficits have been in the range of $4 to $5 trillion for the six years leading up to 2012. The largest difference here is that the GAAP numbers include annual deterioration in the net present value of unfunded liabilities for programs such as Social Security and Medicare. Those GAAP levels are not sustainable or containable. Beyond the likelihood that the economy is at the tipping point on taxes, where higher taxes actually would increase the deficit due to resulting slower economic growth, the government cannot raise taxes enough to cover the actual deficit in any given year. The annual shortfalls also are so large that every penny of government spending (including defense) could be cut to zero except for the social programs, and the fiscal circumstance still would be in deficit. The options open to those running the government are limited in terms of new taxes and have to include significant spending cuts and restructurings of Social Security, Medicare, etc., so that those programs are solvent over the long haul. Such actions are a political impossibility at the moment. Given continued political contentiousness and the use of overly optimistic economic assumptions to help ten-year budget projections along, little but gimmicked numbers and further smoke and mirrors are likely to come out of pending negotiations or confrontations. Economic Plunge and Recovery versus Plunge and Stagnation The official version of recent economy activity is that a deep recession began in December 2007, hit bottom in June 2009, and that business activity has been in recovery since. That pattern is reflected in the accompany graph of headline, real (inflation-adjusted) gross domestic product (GDP). The economy regained its pre-recession high in fourth-quarter 2011 and has been expanding ever since. Unfortunately, no other major economic series has shown the full and expanded recovery suggested by GDP reporting. Those “errant” series include payroll employment, industrial production, consumer confidence, and housing starts, among others. (Click to enlarge) Other Factors Impacting the US Dollar, Inflation, and Precious Metals Highlighted here have been several issues where recent shifts in market sentiment have neutralized or reversed the impact or otherwise had been significant, negative elements for the outlook of the US dollar, and supportive elements of the outlook for domestic inflation and the prices of gold and silver. Market sentiments should shift again, both as the economy shows an intensifying downturn and as the clock runs out on fiscal-crisis delaying tactics. A new factor—not yet widely anticipated in the markets—is that still-developing political scandals tied to the Obama administration could threaten global perceptions of political stability in the United States, placing significant downside pressure on the value of the US currency. The popular press generally has been highly sympathetic to the political needs of the administration, so increasingly negative press in these areas suggests that recognition of the “scandals” has gained some momentum. In the event that a Watergate-type circumstance evolves from the current hubbub of touted misdeeds, it could become a seriously negative factor for the US dollar. After Nixon floated the US dollar in March 1973, the Watergate scandal began to break open with Congressional hearings. Despite other turmoil of the time, including an Arab-Israeli war and an Arab oil embargo, the day-to-day developments in the Watergate scandal dominated day-to-day trading in the US currency. When the US dollar again comes under heavy selling pressure, oil prices will spike anew, separate from the effects of political crises in the Middle East. The inflation, so driven, should reflect dollar weakness from Federal Reserve policies that Mr. Bernanke will find he cannot escape, and from dollar weakness reflecting the inability of the US government to address its long-term sovereign-solvency issues. Ongoing economic weakness will exacerbate the dollar-negative circumstances, intensifying the problems with Fed easing and US fiscal deterioration. The inflation will be driven by US dollar weakness, not by strong domestic demand for goods and services. As fundamental dollar selling kicks in, full-fledged dollar dumping along with heavy sales of dollar-denominated paper assets are likely to unfold. Preceding, or coincident with that, the global reserve status of the US dollar should be challenged. As the rest of the world moves out of the dollar, domestic confidence in the US currency will falter as well, eventually fueling severe domestic inflation, and setting the early base of a likely hyperinflation. Such an environment is one for which physical gold and silver would serve as primary hedges against the ultimate debasement of, and loss of purchasing power in the US dollar. Economist Walter J. “John” Williams publishes www.shadowstats.com. ShadowStats specializes in assessing the reliability of government economic data and in looking at alternative economic measures from the standpoint of common experience, net of heavily politicized methodological changes of recent decades (inflation, unemployment and GDP). Other analyses include estimates of ongoing money supply M3, which the Fed ceased publication in 2006, or less-commonly followed series such as the federal government’s GAAP-based financial statements. Articles related to the accompanying comments on the understatement of official inflation and federal-deficit reality, and an article outlining risks of a US hyperinflation, are available to the public in the upper right-hand column of the ShadowStats home page. (Click to enlarge) Closer to common experience, there never was a recovery following the economic downturn that began in 2006 and collapsed into 2008 and 2009. What followed was a protracted period of business stagnation that began to turn down anew in second- and third-quarter 2012. The “recovery” seen in headline GDP reporting was a statistical illusion generated by the use of understated inflation in calculating the inflation-adjusted series. During the last three decades, a number of methodological changes were made to inflation-estimation techniques that have had the effect of artificially reducing annual inflation rates. Of particular relevance to GDP estimation has been the introduction of hedonic quality adjustments, which adjust inflation rates for the effects of nebulous quality changes. These changes—ranging from new features with computers and washing machines to the use of colored pictures in college textbooks—cannot be measured directly, only estimated by econometric models, with the usual effect of reducing related inflation. The lower the inflation rate that is used in adjusting a series, such as GDP, for inflation impact, the stronger will be the resulting inflation-adjusted growth. When the US first used this process in its GDP reporting, countries such as Japan and Germany did not follow. Hence, stronger relative US versus Japanese GDP growth at the time reflected the difference of use in inflation gimmicks, more so than actual differences in economic activity. The hedonic changes used in US GDP estimates never have been applied consistently and do not reflect common experience. The following graph of corrected real GDP is adjusted for the removal of roughly two percentage points of aggregate, hedonically understated annual inflation. It shows a pattern of economic plunge and stagnation, as opposed to the official pattern of plunge and recovery. Our guest contributor today needs no introduction, but I’ll give him one anyway. John Williams, founder of Shadow Government Statistics (often referred to as “ShadowStats”), has been debunking federal government statistics for years. John adjusts government economic data to be more honest and realistic, and publishes the results on his website. Among other statistics, John has developed his own inflation, unemployment, and GDP measurements that aim to more accurately describe reality than the government’s own numbers. In some cases, the government has made his job easy—John simply uses the government’s own calculations from many years ago, before they were massaged, revised, and “improved” to the point that they’re hardly recognizable. For others, he strips out distortions and adjusts the statistics to more truthfully describe the real world. For instance, I’d bet that your grocery bill would agree that ShadowStats’ inflation rate of 9% is much closer to reality than the government’s own calculation of 1.4%. To whet your appetite, I grabbed two more of the more stunning stats from John’s piece below: The government reports its 2012 deficit as $1.1 trillion. If you calculate the deficit using generally accepted accounting principles, as publicly traded companies in the US are required to, the deficit would be $6.6 trillion. So far in 2013, the Federal Reserve purchased 90.5% of the US government’s net issuance of debt. The article is equal parts eye opening and sobering. Before moving on to the article, however, a brief announcement. A Casey phyle is starting up in Charlotte, NC. If anyone reading is interested in joining it, please drop an email to firstname.lastname@example.org to learn more. I’ll keep it short today by signing off here, as I’m still putting the final touches on this month’s The Casey Report, due out on Thursday. It’s going to be a good one, as we’re analyzing when nasty inflation might return to the US. If you’re not a subscriber already, check it out—it’s absolutely risk-free. See you next week. Dan Steinhart, Managing Editor of The Casey Report Market Shocks Ahead Should be Positive for Gold, Negative for the US Dollar By John Williams, Founder, ShadowStats.com Nothing is normal: not the economy, not the financial system, not the financial markets and not the political system. The financial system still remains in the throes and aftershocks of the 2008 panic. A number of underlying problems of that time, tied to the risks of a near-systemic collapse and the related, extreme economic downturn, were pushed into the future—not resolved—by the extraordinary liquidity and systemic-intervention actions taken by the Federal Reserve and federal government. Further panic is possible, and severe US dollar debasement and inflation remain inevitable. Nonetheless, several major misperceptions appear to have developed in the last month or two concerning an end to the Federal Reserve’s quantitative easing, the level of crisis posed by US fiscal imbalances, and an unfolding recovery in the US economy. Contrary to currently hyped expectations in the popular financial media, chances are negligible for any serious, near-term reduction in the Federal Reserve’s purchases of US Treasury securities. The Fed has locked itself into ongoing quantitative easing, with fair prospects of expanded, not reduced accommodation in the year ahead. Separately, the long-term solvency issues of the United States should return to the center of attention for the global financial markets by early September 2013. At present, prospects of the US government meaningfully addressing its extreme fiscal imbalances are nonexistent. Exacerbating financial-system solvency concerns for the Fed and intensifying US fiscal instabilities, the US economy never recovered from its 2008 plunge, and now it is slowing anew. Increasing recognition of these factors, complicated by the potential of a domestic political scandal taking on Watergate-style status, promise difficult times ahead for the US dollar, with resulting domestic inflation problems and significant upside pressure on the prices of gold and silver. Federal Reserve’s Primary Function Is to Preserve Banking-System Solvency Despite a Congressional mandate that the Federal Reserve pursue policies to foster sustainable US economic growth in an environment of contained inflation, those issues are secondary to the Federal Reserve’s primary mission, which is to preserve the stability of the banking system. While Fed Chairman Ben Bernanke has acknowledged that there is little the Fed can do at present to boost economic activity, the weak economy remains the foil for banking-system difficulties, serving as justification for more easing by the Fed. Accordingly, since the breaking of 2008 crisis, the Fed’s accommodation, liquidity actions, and direct systemic interventions have been aimed at maintaining the stability and liquidity of the banking and financial-market systems. As bank bailouts became politically unpopular, the Fed increasingly used the weakness in the economy as political cover for its systemic-liquidity actions. In response to critics of excessive accommodation, the US central bank recently put forth several rounds of jawboning on exiting quantitative easing, in an effort to quell inflation fears. Those efforts have been a factor in recent gold selling. Comments from the June 19 Federal Open Market Committee meeting and Mr. Bernanke’s subsequent press conference were clear but largely ignored by the markets. The shutdown of quantitative easing—specifically the bond buying of QE3—would not happen until such time as the economy had recovered in line with the relatively rosy economic projections of the Fed. As the stock market began to sell off in response to the Fed chairman’s initial press-conference comments, he sputtered something along the lines of, “No, you don’t understand me. If the economy is weaker, we’ll have to increase the easing.” The economy is going to be weaker; banking problems will persist, and the Fed will continue to ease. Nonetheless, the consensus perception appears to be that QE3 will be gone by the middle of 2014, despite the stated economic preconditions. As will be discussed, though, intensifying economic deterioration should become obvious to the markets in the next several months, and that should help to shift perceptions. The harsh reality remains that the Fed is locked into its extraordinary easing by ongoing solvency issues in the banking system (only hinted at in Bernanke’s post-FOMC press conference), and by the political cover provided by a weakening economy. In the latest version of quantitative easing (QE3), the Fed has been buying US Treasury securities at a pace that is suggestive of fears that the US government otherwise might have some trouble in selling its debt. Through July 3, 2013 and since the expansion of QE3 at the beginning of 2013, the Fed’s net purchases of Treasury securities has absorbed 90.5% of the coincident net issuance of gross federal debt. That circumstance is exacerbated somewhat by gross federal debt currently being contained at its official debt ceiling. Still, in the pre-crisis environment of 2008, the St. Louis Fed’s measure of the monetary base (bank reserves plus cash in circulation) was holding around $850 billion, with roughly $40 billion in bank reserves. As a result of intervening Fed actions, today’s monetary base is around $3.2 trillion, with more than $2.0 trillion in bank reserves (primarily excess reserves). Under normal conditions, the money supply would expand based on the increase in bank reserves, but banks have not been lending normally into the regular flow of commerce, due largely to their impaired balance sheets. While there has been no significant flow-through to the broad money supply from the expanded monetary base, there still appears to have been impact. As shown in the accompanying graph, there is some correlation between annual growth in the St. Louis Fed’s monetary base estimate and annual growth in M3, as measured by the ShadowStats-Ongoing M3 Estimate. The correlations between the growth rates are 58.1% for M3, 39.9% for M2, and 36.7% for M1, all on a coincident basis versus growth in the monetary base. The June 2013 annual growth estimates are based on four weeks of data. The ShadowStats contention, again, remains that the Fed’s easing activity has been aimed primarily at supporting banking-system solvency and liquidity, not at propping the economy. When the Fed boosts its easing but money growth slows, as seen at present, there is a suggestion of mounting financial stress within the banking system. Further, underlying US economic reality is weak enough to challenge domestic banking stress tests. In this environment, the Fed most likely will have to continue to provide banking-system liquidity, while again, still taking political cover for its accommodation activity from the weakening economy. (Click to enlarge) Not only do a number of large, consumer-oriented companies find that the “corrected” pattern of activity more closely resembles their business activity, but this same pattern also is reflected in underlying fundamentals that drive broad activity, such as household income. The primary issues facing the economy are structural liquidity problems for the consumer, who generates more than 70% of GDP activity. Without real income growth, the consumer cannot sustain growth in real consumption, except for the possible use of short-lived credit expansion. Yet, credit availability has been limited. Without credit expansion (all growth in post-debt-crisis consumer credit outstanding remains in federally owned student loans), the consumer is unable to borrow in order to cover the shortfall in living standards. The next graph shows median household income through May 2013, deflated by the CPI-U (data courtesy of Sentier Research). Monthly median household income plunged as the economy purportedly began its strong recovery in June 2009. Further, in the last two years, income has been bottom-bouncing near its cycle low, consistent with the “corrected” GDP series. The numbers here are based on monthly surveying by the US Census Bureau. So long as consumer liquidity remains constrained, the economy has not and cannot recover. Accordingly, any near-term hype from an occasional “good” economic statistic most likely is no more than hype. Economic reality will continue to surprise on the downside, and that is a negative for the US dollar, as well as for budget-deficit and Treasury-funding projections. The US economic weakness is long-term and structural, and increasing global recognition of that in the months ahead will contribute to eventual pummeling of the US dollar in the global markets.
As stories circulated of Iraqi cities falling to Sunni militia groups, I was struck by the words of Former Marine Staff Sgt. Keith Widaman, who spent a tour in Iraq: “When I left in April 2009, I said, ‘In five years there’ll be a civil war.’” Mr. Widaman was right, as we’ve all seen over the past few days, and the “high officials” were wrong. The result – and I say this with sympathy for the dead, injured, and traumatized – is that the fighting, “nation building,” and trauma were all for nothing. When it comes to war, always believe the men and women who spent time on the streets, not the politicians and generals. Iraq is not going to become a Western country. Afghanistan is not going to become a Western country. There is no foundation for Western life there, and as soon as overwhelming force pulls back, life there will return, more or less, to its usual ways. If you want to change a way of life, you have to change the deep cultural assumptions that give it its shape. Armies and corrupt sycophants won’t cut it. Saddam Was Necessary Please understand that I think Saddam Hussein was a monster, and that I’m pleased he’s no longer running around on this globe killing people. But that said, if you want a country like Iraq to hold together, you need more than the usual level of coercion; you require a tyrant. The borders of Iraq were drawn by the Brits in about 1920. In other words, a conquering power (the Brits ‘won’ World War I) drew lines on the map as it suited them. But when they did, they ignored the fact that they were forcibly grouping Sunnis and Shiites together, and that they hadn’t learned how to mix. Forced grouping is a very important subject, and one that is almost totally ignored by rulers. They control the borders and they expect everyone to get along. They have scribbles on papers called laws, after all! But when you force humans together against their will, all sorts of frictions, insults, and misunderstandings arise… and there is no way to escape them, because the grouping is enforced. If you leave people alone, they generally learn to co-exist. For example, there is a street in my old neighborhood lined with stores owned and run by both Indians and Pakistanis. These people – bloody enemies in their old countries – have learned to get along for one reason: No one forces them to live or work on that street. If they want to open a store or rent an apartment there, they can. If they don’t want to, they don’t have to. The result of freewill grouping is that people eventually learn to get along. The result of forced grouping is resentment, sectarianism, and all too often, blood. If you want a nation of Shias and Sunnis and Kurds to function as a single unit, overwhelming force – permanent overwhelming force – is required. Without it, things fall apart, and civil war is the typical result. So, if the Foggy Bottom Gang (that’s the State Department) is religiously committed to sacred, unchangeable borders, the US must become a colonial dominator. That means a permanent military occupation and our sons and daughters spending years, openly and knowingly oppressing people, “for their own good.” Afghanistan Afghanistan is a more homogenous country than Iraq, but it’s not going to become a Western nation either. I spent time in Afghanistan in 2007, outside of the safe bases where politicians and media show up, take a few photos, and leave. I dealt with real Afghans, from the lowly to high military. I saw a tremendous amount during my short stay, including the worst corruption I’ve ever seen, anywhere. Everything was corrupt, from the lowest levels of bureaucracy and police power to the Western aid agencies. It was a riot of domination, bribery, poverty, skimming, and dirty deals. That place is not going to become normal in any way that we understand. Not for a long time. A Few Have Done Well Seeing that the US government has spent about $2 trillion on these escapades (it was officially $1.283 trillion in 2011), someone had to make money on them. Those people were Dwight Eisenhower’s military-industrial complex (MIC), with the new mega-intelligence complex tacked on for good measure. The people who make killing machines have done very, very well. As have the people who build spying machines. Certain engineering and private military contractors have done very well too, but only those who had contacts inside the MIC. Independents got nothing. The people who were in positions to hand out contracts made a lot of money. Perhaps the oil companies and Middle Eastern royalty did well on it too, but that’s beyond my direct knowledge. Who Lost Badly The worst losers, of course, were the dead. I’m not sure how many Iraqis died; estimates range from 100,000 to over a million. That’s a lot of dead people – all of them sons, daughters, fathers, mothers, brothers, sisters, and friends. The fact that these deaths were far away doesn’t make them any less tragic. The number of injured must be much higher, of course. On the Westerner side, only a number of thousand died, but that’s not trivial either, nor are the many more thousands of injured. And not only that, but returning soldiers are committing suicide in surprising numbers. Aside from the military-industrial-intelligence complex, everyone has lost, and the situations in both Iraq and Afghanistan are “reverting to the mean.” And there they will stay, unless Americans commit their children to serve as international oppressors. It really was all for nothing. Paul Rosenberg FreemansPerspective.com
A rendering of One Congress Walsh said that area of the city is already dynamic and draws a lot of attention. He said it is known for sports, being so close to TD Garden, and is a large tourist spot. One Congress will just help that area grow, according to the Mayor. The building is part of a larger project that will transform the Government Center area of over 4.8 acres to include condos, apartments, a hotel and a rooftop garden. The building was designed by Pelli Clarke Pelli.*Advertisement* “This is a good-looking building,” Walsh added. It is our 10th Anniversary and we are celebrating a decade of community news at NorthEndWaterfront.com! Keeping this website going takes a lot of time, money and hard work. Advertising doesn’t bring in enough to pay for reporting or editorial work. But we do it because we believe community news is important – and we think you do too. If everyone who reads this site, who likes it, puts in a bit to pay for it, then our future would be much more secure. Contribute online at the links below or checks can be made out to North End Boston LLC, 343 Commercial St. #508, Boston 02109. Become a Patron to receive free rewards including neighborhood photo calendars, custom mugs and special updates from the editor.*Become a Patron (Rewards!)* or *Make a One-Time Contribution* The new building located at the Government Center garage will be a 600-foot-tall, 1 million square foot office tower in the Bullfinch Crossing Project. When it’s completed, it will be the tallest office building in the city. The building is expected to be complete by 2022. “Buildings like this change cities and make them better,” Walsh said. “Our focus cannot be on the steel and glass of this building. Our focus must be on the people. People built this building and people will work here,” said Tom O’Brien of HYM Investment Group. “Now we are going to draw more business here and that’s what I like to see,” said Walsh. “Diversifying what this area is used for.” State Street Corporation will occupy half of the new office building. O’Brien said he has spoken with several different companies about them moving to One Congress and occupying space there, and he is hopeful this will be an attractive draw for the city. Break out the shovels! pic.twitter.com/7TmHIhIhY9— Bulfinch Crossing (@BulfinchXing) June 20, 2019 “As our city grows, we are always thinking about how we bring communities together and this represents that vision,” said Mayor Marty Walsh at the ceremony. The developers promised the building will be world-class and that their main priority will be the people working there and creating a welcoming and useful space for them. Rainy and wet weather couldn’t change the delighted spirits for the groundbreaking of One Congress Street.
Staff Writer. Covers leadership, media, technology and culture. Add to Queue Nina Zipkin Uber 5 min read Image credit: Shutterstock Entrepreneur Staff 2019 Entrepreneur 360 List The only list that measures privately-held company performance across multiple dimensions—not just revenue. Just Who Has the Right Skills to Turn Uber Around? Experts says that communication and a capacity for empathy is a good place to start. August 1, 2017 –shares Apply Now » Next Article Last week, Hewlett Packard Enterprise CEO Meg Whitman decided to clear the air. The executive took to Twitter — an account that largely hadn’t been active since 2011 — to make this statement about whether she would step into Uber’s CEO position vacated by Travis Kalanick.(3/3) We have a lot of work still to do at HPE and I am not going anywhere. Uber’s CEO will not be Meg Whitman.— Meg Whitman (@MegWhitman) July 28, 2017Her answer was a resounding no. So who is it going to be? Facebook COO Sheryl Sandberg and GM CEO Mary Barra apparently aren’t interested either. Two of the names that have floated to the surface are Jeffery Immelt, who will leave his post as CEO of GE this week, and Mark Fields, who was CEO at Ford.Kyle Jensen, associate dean and director of entrepreneurship at the Yale School of Management, says he thinks that those leaders would be sensible choices.“Each is a Silicon Valley outsider and each presided over complex multi-national operations, which is relevant as Uber races Lyft and others around the globe,” Jensen says. “Unfortunately for Uber, its culture was ill-shaped by the leadership of founder Travis Kalanick. Uber is in the enviable position of leading the ride share market, which will provide some breathing room and time to instill more sound ethics in the organization. Until the culture is fixed, it will be a tax on the company.”The search continues for a new person to helm the embattled ride hailing company, but reports indicate it hasn’t been the smoothest transition. And that’s before you get into turning around a company that has spent months beset by scandal.As Kalanick remains on Uber’s board, how much of an impact the former CEO will have on the day-to-day operations of the company remain somewhat unclear, but it would seem that he isn’t quite comfortable with the idea of taking a backseat to new leadership.Related: Travis Kalanick Stepped Down, But Uber’s Problems Won’t Be Instantly SolvedAccording to Kara Swisher in Recode, some are concerned that Kalanick is “trying to game the outcome in his favor, after he told several people that he was ‘Steve Jobs-ing it.’ It is a reference to the late leader of Apple, who was fired from the company, only to later return in triumph.”In April, Uber’s valuation was hovering around $50 billion — still high, but a significant dip from the $70 billion valuation that made it the most valuable private company in the world. For the members of the board who have put money and time into the growth of the company, finding a new CEO isn’t just about righting Uber’s cultural woes but also getting a return on their investment.“This next CEO could potentially be the CEO to take the company public,” notes Dr. Marsha Ershaghi Hames, managing director of strategy and development at LRN, a firm that specializes in helping companies build cultures and systems of leadership that promote ethical behavior. But in order for the new leadership to succeed, it can’t just be about the money.Related: Uber Recently Gave Pay Raises, But Are They Enough to Keep Employees Around?“We’re in this era where we’re doing well when we’re doing the right thing,” Ershagi Hames says. “My advice to whoever is leading the recruitment and evaluation for the next Uber CEO is there isn’t going to be one individual or one silver bullet. That individual put into the position of leadership needs to lead by building trust, by driving an open and transparent dialogue, by being willing to listen first and by connecting profit with purpose.”One of the central tasks that a new CEO will have to contend with is recreating the company’s culture. The investigation conducted by former attorney general Eric Holder highlighted the most toxic elements that need to be removed in order for Uber to move forward, but Heather Huhman, career expert and the president of Come Recommended, says that it can be tough to impose a new culture, especially if it is seen as coming from an outsider.“Culture is discovered rather than created — and a new leader will need to listen very carefully to the people inside Uber to find the stories and values that they can amplify to propel them forward,” she says. “This will be the defining trait of the right person — that they are able to find a voice for the people that are there, rather than bringing all the ideas from outside. These are hard questions that the company needs to grapple with, and they will require an extremely skilled listener and communicator to turn the ship.”Related: The Rise and Fall of Uber and Travis KalanickBrett Stephens, the CEO of executive search and leadership consulting firm RSR Partners, agrees. He says that he thinks the main trait that a successful CEO leading a turnaround must have is a capacity for empathy.“Uber is a perfect example of how artificial intelligence and digital disruption are quickly recalibrating the CEO’s desired skillset,” Stephens says. “These chief executives need to be experts in collaboration, engagement and human interaction. This ability to connect with others will likely be the defining leadership trait of our generation. If deployed adeptly, empathy will enable a new CEO to not only excel at reshaping the company, but also build a culture that empowers employees, strengthens the company and rewards investors.”While Uber’s first era was marked by sharp elbows and a win-at-all-costs mentality, for the company to succeed in its next chapter, the person at the helm will do well to listen rather than talk.
Opinions expressed by Entrepreneur contributors are their own. Green Entrepreneur Podcast Listen Now 3 min read May 24, 2018 Next Article Each week hear inspiring stories of business owners who have taken the cannabis challenge and are now navigating the exciting but unpredictable Green Rush. Add to Queue Cannabis Guest Writer Cryptocurrency and the Allure of a Cashless Cannabis Industry –shares dispensaries.com The legal marijuana industry in the United States is awash in cash. Literally.With reports that cannabis businesses generated almost $61 million in tax revenue for California in just the first quarter of recreational marijuana sales, it’s important to remember that the money moving through the marijuana financial system is almost 100 percent in cash. Why? Most banks won’t touch money from legal marijuana businesses because cannabis remains a Schedule I illegal drug at the federal level, meaning banks in the strictest sense risk committing crime providing the industry ordinary commercial banking services. That leaves marijuana entrepreneurs working in a cash-only world.It’s more than just inconvenient. It makes it more difficult to create a safe environment for both employees and customers. It makes it next-to-impossible to get loans to start or grow a business. It also makes tracking marijuana transactions more difficult for businesses and the government.Related: For the Perfect Social-Impact Investment, Look No Further Than CannabisCryptocurrency OpportunityCryptocurrency companies, using blockchain technology, are hoping to step into the gap. At the recent CoinDesk’s Consensus 2018 conference in New York City, many companies touted blockchain and cryptocurrency as a potential cure for the marijuana industry’s financial headache. The conference attracted thousands. More than $17 million in ticket sales were made for the event, held at the New York Hilton Midtown.Blockchain provides a transparent, secure digital transaction record that can be accessed by all users. It’s most associated with Bitcoin. One of the main topics at the conference was how can blockchain be used in the cannabis industry.The idea of cryptocurrency in the marijuana industry gained momentum late last year when researchers at IBM advised the government in British Columbia, Canada, to use blockchain to for seed-to-sale tracking of legal marijuana. Legal recreational marijuana sales are expected to begin in July across Canada.Related: Why Some Veterans Are On the Front Lines to Legalize HempCryptocurrency StartupsNow startups, or more specifically their financial backers, are putting their money behind this theory. Companies that have developed blockchain technology and cryptocurrencies aimed at use in the marijuana industry are springing up like weeds. For examples:Cannabis social media hub MassRoots is now transitioning to a marijuana-focused software company, tying blockchain to its marijuana point-of-sale tracking business, MassRoots Retail.Alt Thirty Six, which uses the cryptocurrency Dash, has partnered with cannabis software company Webjoint to provide access to its digital transaction system for the marijuana-related businesses Webjoint serves in California.Software company Greenstream is building a blockchain-based supply chain system for the cannabis industry that could be accessed by retailers, suppliers and regulatorsRelated: DEA Chief’s Congressional Testimony About Legal Marijuana Angered Some, Baffled ManyIf it all seems a bit like Silicon Valley in the 1990s and 2000s, that’s because it is. The marijuana industry has gone from nowhere to a multibillion-dollar industry in just a few years, yet people are still carrying around their profits in leather satchels. At some point, that is going to end. If the federal government doesn’t provide a solution, then cryptocurrency might.Follow dispensaries.com on Instagram to stay up to date on the latest cannabis news. Marijuana prohibition never stopped marijuana sales. Blocking legal marijuana businesses from the legal banking system isn’t working, either. Image credit: MARK GARLICK | SCIENCE PHOTO LIBRARY | Getty Images Easy Search. Quality Finds. Your partner and digital portal for the cannabis community.
Catalina And Samba TV Partner To Significantly Transform Media And Measurement Landscape PRNewswireJune 4, 2019, 10:00 pmJune 4, 2019 Marketing Technology News: Alorica Taps Business Transformation Veteran Colson Hillier to Be Chief Marketing Officer“This partnership is a massive leap forward for our industry that is still using legacy tools and methodology. Now we have massive datasets integrated to take the guess work out of media buying decisions and solve the cross-platform measurement problem once and for all,” said Ashwin Navin, founder and CEO of Samba TV. “At Samba, we have a real-time understanding of video and TV audiences at global scale. With Catalina, we marry viewership with real-time purchase data to create the most profound understanding of TV and OTT — the medium used to build brands — with the primary ways brand messages are consumed, creating a huge opportunity to drive more personalization and accountability in the media we enjoy every day.””Together, Catalina and Samba TV are establishing benchmarks and norms for campaign design and reporting that enable networks to track campaign performance to make in-flight optimizations, dramatically upgrading the ability to deliver outcome-based selling,” said Dr. Wes Chaar, Catalina’s Chief Data & Advanced Analytics Officer, who previously led major TV industry initiatives in audience estimation, audience targeting and audience demand modeling.Marketing Technology News: Alpha Software Launches Alpha TransForm, Cuts Build Time for Robust Offline Enterprise Mobile Apps from Months to Hours The combination of Catalina and Samba TV data will provide a comprehensive look at how all advertising, including TV advertising, is driving lift and in-store purchases for advertisers. CPG marketers and their agencies will now have a granular, real-time analysis of campaign performance in stores at the UPC-level allowing them to assess the effectiveness of cross-device campaigns across TV, digital and in-store, reach customers on the right platforms, and optimize campaigns mid-flight.“The melding of Samba TV and Catalina’s advanced analytics capabilities and unparalleled buyer intelligence will allow advertisers to make more informed media and marketing decisions, leading to higher ROI,” said Catalina Chief Executive Officer Jerry Sokol. “Our partnership with Samba TV enables tracking of both brand awareness and ROAS, creating stronger combined capabilities. This partnership is yet another example of how Catalina is dramatically evolving to provide greater value to our customers.” “The Catalina/Samba partnership will also fuel a new take on the Marketing Mix Model. The more granular Consumer Mix Model will use ratings that reflect an individual store’s consumer composition, trading area and ratings in near real time instead of weeks after a campaign ends, which is the current norm,” added Chaar.Howard Shimmel, President of U.S.-based research consultancy Janus Strategy & Insights, has played a key advisory role in the evolution of the Catalina and Samba TV partnership. Shimmel is a recognized expert in data integration, audience buying and ROI/Attribution through his work as Turner’s Chief Research Officer and other leadership positions with Nielsen and Symmetrical Resources.“Catalina and Samba’s collective expertise on buyer behaviors, motivations and lifestyles will allow marketers to be more precise in how they engage audiences to drive purchases, and to fuel the ability of media companies to sell based on outcomes,” said Shimmel. “What truly sets Catalina and Samba apart is the analytics they will apply to the data to help their customers with every stage of planning, execution and measurement.Marketing Technology News: StarfishETL Partners with PeopleSense, Inc. Partnership Enables Media Planning, Execution and Measurement Tied to Outcomes Built on Granular Understanding of What Consumers Watch and BuyCatalina Marketing, the market leader in shopper intelligence and personalized digital media that converts shoppers into buyers, and Samba TV, the leading provider of global TV data and audience analytics, have partnered to integrate shopper behavioral data and video viewership insights at massive, unprecedented scale, encompassing tens of millions of households and billions of data points. Together, the two companies will build advanced analytics tools that fundamentally improve media buying and selling across all marketing channels, including in-store, digital, mobile over-the-top (OTT) and linear TV. analyticsCatalinadigital mediaNewsSamba TV Previous ArticleMedia.net Partners with Amino Payments to Offer Third Party Supply Chain Transparency for All Media.net Marketplace TransactionsNext ArticleB2B Marketers Use AI to Move Beyond the Google/Facebook Duopoly as Research from Marketing Platform InfiniGrow Shows Growth for LinkedIn, Quora, Content Marketing and Events
Reviewed by James Ives, M.Psych. (Editor)Mar 8 2019Prior antibiotic exposure and use of acid suppressing medications known as proton pump inhibitors (PPIs) may increase the risk for hospitalized children to contract dangerous Clostridioides difficile infections, according to a study published today in Infection Control & Hospital Epidemiology, the journal of the Society for Healthcare Epidemiology of America.”In pediatric patients, hospital-acquired infections due to C. difficile have increased over the last 20 years. However, few studies have looked at risk factors for these infections in children,” said Charles Foster, MD, a co-author and pediatric infectious diseases specialist at Cleveland Clinic Children’s. “We found that antibiotic exposure and use of proton-pump inhibitors may be risk factors. Clinicians should continue to utilize antibiotics judiciously in hospitalized children to minimize the risk of C. difficile infection.”The incidence and healthcare burden of C. difficile infection in hospitalized children has increased in the past two decades, mostly attributed to the emergence of a new, hypervirulent strain of the bacteria. While the risk factors are well understood in adult patients, current understanding of pediatric C. difficile is complicated. Many infants and toddlers under the age of 2 are colonized with the bacteria, but do not develop clinical illness.Related StoriesNew network for children and youth with special health care needs seeks to improve systems of careResearch reveals genetic cause of deadly digestive disease in childrenWhy Mattresses Could be a Health Threat to Sleeping ChildrenResearchers performed a meta-analysis and systematic review of 14 studies, including 10.5 million children, 22,320 of whom developed C. difficile infection. Based on this meta-analysis, previous antibiotic exposure and PPI use appear to be the most important risk factors associated with C. difficile infection in children. Children with prior antibiotic exposure may have approximately twice the risk of developing C. difficile infection, compared to patients without a recent history of antibiotic exposure, but the association was not statistically significant after pooling studies with only adjusted data. Researchers said that PPIs are suspected risk factors for CDI because they suppress gastric acid, which may disrupt the normal gastrointestinal microbial diversity in children.”Physicians should remain vigilant and continue judicious use of antibiotics and PPIs in hospitalized pediatric patients to minimize the risk of C. difficile infections,” said Abhishek Deshpande, MD, PhD, a co-author and assistant professor of medicine at Cleveland Clinic Lerner College of Medicine. Dr. Deshpande has received research support from 3M, Clorox Company, and STERIS unrelated to this study.The researchers note the limitation of this research, including use of unadjusted data. Additional high-quality epidemiologic studies are needed to better evaluate the risk factors for C. difficile in children.Source: http://shea-online.org/
Reviewed by James Ives, M.Psych. (Editor)Jun 7 2019Organisms on this planet, including human beings, exhibit a biological rhythm that repeats about every 24 h to adapt to the daily environmental alteration caused by the rotation of the earth. This circadian rhythm is regulated by a set of biomolecules working as a biological clock. In cyanobacteria (or blue-green algae), the circadian rhythm is controlled by the assembly and disassembly of three clock proteins, namely, KaiA, KaiB, and KaiC. KaiC forms a hexameric-ring structure and plays a central role in the clock oscillator, which works by consuming ATP, the energy currency molecule of the cell. However, it remains unknown how the clock proteins work autonomously for generating the circadian oscillation.Related StoriesResearch sheds light on sun-induced DNA damage and repairResearch on cannabis use in women limited, finds new studyTrump administration cracks down on fetal tissue researchThe research groups at Graduate School of Pharmaceutical Sciences of Nagoya City University and Exploratory Research Center on Life and Living Systems (ExCELLS) and Institute for Molecular Science (IMS) of National Institutes of Natural Sciences investigated this mechanism by native mass spectrometry and nuclear magnetic resonance spectroscopy. They found that KaiC degrades ATP into ADP within its ring structure, which triggers the leaping out of the tail of KaiC from the ring. KaiA captures the exposed KaiC tail, facilitating ADP release from the ring, thereby setting the clock ahead.This “fishing a line” mechanism explains the clockwork interplay of the KaiA and KaiC proteins. Elucidating this mechanism will provide deep insights into not only the circadian clock in cyanobacteria but also that in plants, animals, and humans under physiological and pathological conditions, including jet lag and sleep disorders.Source: National Institutes of Natural SciencesJournal reference: Yunoki, Y. et al. (2019) ATP hydrolysis by KaiC promotes its KaiA binding in the cyanobacterial circadian clock system. Life Science Alliance. doi.org/10.26508/lsa.201900368.
Chelsea Himsworth, Regional Director for the Canadian Wildlife Health Cooperative, University of British Columbia Rats! They eat our food, chew through our property and spread all sorts of nasty diseases. And they are gross (right?), with those naked tails and quick, unpredictable movements. Rats invade our homes — our castles! — the one place where we should be safe and in control. Over the millennia that we have lived with them, rats have proven themselves virtually impossible to expunge. They are so adaptable that they can exploit and infest virtually every corner of our cities. They avoid traps and poisons and reproduce at such a staggering rate that extermination attempts usually end up being a game of whack-a-mole… or, rather, whack-a-rat. Is it any wonder that many cities seem to be plagued by rats? Or do the cities themselves bear some responsibility for their rat problems? This is what I have been exploring over the past 10 years as a wildlife and public health researcher with the Canadian Wildlife Health Cooperative and the University of British Columbia.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/65936-new-york-city-rats-and-humans.html?jwsource=cl已复制直播00:0000:3500:35 Challenges of managing urban rodents For the most part, when it comes to dealing with rats, cities have it all wrong. For example, rat-related issues are addressed using a hodgepodge of unrelated policy and programming. At best, municipal leadership is highly fragmented; at worst, it’s absent altogether. Municipal governments may address rat infestations that occur on public properties or in buildings scheduled for demolition. Local health authorities may address infestations in food establishments or where there is a demonstrated health risk. For the most part, people are left to fend for themselves. Another problem is that we know very little about urban rats. There is simply not enough information about them to answer even the most basic questions like: How many rats are there? Where do they live? Why are they there? Is the problem getting worse? Despite this lack of knowledge, cities are often willing to invest tremendous amounts of time and resources into pest control interventions, such as New York City’s $32 million “war on rats.” It means that cities have no metric to determine the return on their investments, because without knowing what the rat problem looked like beforehand, there is no way of knowing whether an intervention made the problem any better. The cohabiting solution The key to solving this problem may lie in simply changing our perspective. Rather than viewing the city as a place entirely under human control that’s being invaded by rats, we need to recognize that the city is an ecosystem and that rats live here too. This does not mean that we should love rats, nor does it mean that we need to leave them alone. Rather, it shifts the focus to managing the ecosystem of which rats are a part, rather than focusing on the rats themselves. Once we recognize that we are managing a system, it becomes clear that leadership and strategic planning are critical. The very concept of a system is that the whole is more than the sum of its parts; this is the antithesis of the reductionist approach that we’re accustomed to that deals with infestations on a case-by-case basis. Instead, we need to understand the urban ecosystem, just like we would if we were trying to manage polar bear populations in the Arctic or elephant populations on the savanna. This means substantive, long-term investments in collecting data on rat populations and the specific conditions that support them, as well as the impact of any implemented interventions. It also means understanding the interface between rats and humans. For the majority of urban centres, rats pose a relatively minor threat to people. The threats are certainly not in proportion to the amount of negative attention rats receive. This means we need to understand why we find rats so disturbing, and what can be done to reduce that fear. Urban ecologies An ecosystem lens also directs us to look at areas of vulnerability and resilience within the system. When it comes to rats, our homes are the most obvious place of vulnerability, where the relationship between rats and people is least acceptable. However, private residences are often the areas most ignored by municipal powers. Also, rats and rat-related issues disproportionately affect impoverished, inner-city neighbourhoods, and residents of these neighbourhoods are particularly vulnerable to the physical and mental health impacts of living with rats. By identifying and focusing on these highly vulnerable scenarios, cities can start to make meaningful changes in how we perceive and deal with rats. This is not to say the rest of the urban landscape should be ignored. Rather, the identification of particular areas of vulnerability needs to take place within a larger framework that uses ecosystem-based principles to address rats specifically. Examples include changing the way that garbage cans are designed and enacting tougher bylaws that enshrine the right to live in a healthy and rat-free environment. These sorts of policies and programs that increase the resilience of the system have the potential to curtail the physical and psychological damage done by rats. The result is that co-existence with rats will come to seem no more unthinkable than our co-existence with, for instance, squirrels. This article is republished from The Conversation under a Creative Commons license. 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