National independent mortgage lender “”United Shore Financial Services, LLC (USFS)””:http://www.unitedshore.com/, is welcoming two new corporate leaders. The Michigan-based organization, parent company of “”United Wholesale Mortgage (UWM)””:www.uwm.com/, recently added Tim Forrester as chief financial officer for USFS and named Kristin Hammond as EVP of capital markets.[IMAGE]Prior to joining USFS, Forrester was a partner in “”Deloitte & Touche USA’s””:www.deloitte.com/ capital markets group, where he led the firm’s mortgage banking unit. Hammond joins USFS from her previous role as president of Flagstar Capital Markets Corporation. [COLUMN_BREAK]””I am excited to announce the final two pieces of our senior management team. Over the past 18 months we have sought to build the best, most experienced management team to lead USFS to our goal of being one of the largest and most respected independent mortgage banking firms in the world. Tim and Kirstin are very talented individuals that complement our existing team and allow us to continue to stay on track with our growth plans,”” said Kip Kirkpatrick, CEO of USFS.””We are very excited to announce another high profile executive is moving to Michigan to join us. We’ve hired over 500 people in Michigan this year and are proud of the part we are playing in helping Michigan’s recovery,”” added Mat Ishbia, president of UWM.””Tim Forrester has deep and broad experience in the industry. His detailed accounting and capital markets expertise will help us continue on our path of producing great client service and quality loans for our investors,”” he continued.””The addition of Kirstin Hammond will enhance our ability to continue building great relationships with our investors, while also continuing to improve our executional capabilities, so that we can continue to provide great pricing to our clients,”” concluded Ishbia. Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2012-10-22 Abby Gregory Share October 22, 2012 444 Views USFS Appoints Two New Executive Leaders in Data, Government, Origination, Secondary Market, Servicing, Technology
TEMPE, Ariz. – The sample size is small, yet, almost a fifth of the way through the season, the Arizona Cardinals have not performed well when the ball is placed inside the 20-yard line, either on their side of the field or the opponent’s.Only three times in 11 red-zone trips have the Cardinals scored a touchdown, while their opponents — Detroit, Indianapolis and Dallas — have been successful punching the ball across the goal line seven times in eight chances. Arizona Cardinals wide receiver Larry Fitzgerald (11) stretches for yards as he is hit by Dallas Cowboys cornerback Jourdan Lewis during the first half of an NFL football game, Monday, Sept. 25, 2017, in Glendale, Ariz. (AP Photo/Ross D. Franklin) “Yeah, he was obviously a monster down there in the red zone because he caught a bunch of touchdowns, and he ran in a bunch of touchdowns,” Palmer said. “He’s one of those guys. He’s irreplaceable. No matter what team he’s on, if he gets injured, he’s irreplaceable. So, you go into the season with a ton of stuff built around him, and as soon as you lose him, you’ve got to change some things. Like I said, we’re still working on execution. We’re going to continue to do that as the season goes on with Dave.”Division games count twiceAmong the four NFC West teams, the Cardinals have yet to play a division game. That changes, of course, this Sunday when they host the San Francisco 49ers.Games within the division are always tough, according to defensive lineman Frostee Rucker.“There’s something about it. It’s almost like the teams are built to play verse each other, as for when you play outside your division you’re playing different teams and they’re built for a different style of play,” he said. “(The 49ers) are fighting and scratching to get a win and we want two wins.”Only the Los Angeles Rams (2-1) have a winning record in the NFC West. Both the Cardinals and Seattle Seahawks are 1-2, while the 49ers are winless. Derrick Hall satisfied with D-backs’ buying and selling “It’s kind of disappointing,” head coach Bruce Arians said Wednesday. “We’ve run, probably, too many RPOs (run-pass options) down there and didn’t execute them properly or didn’t make the catch or the throw, like the 4th-and-1 in Indianapolis. We’ve got to run the ball better, for sure.“Defensively, we’ve got to stop the run better, and it’s usually after a big play. We’ve got to play better defense after a big play that put us down there.”On Monday night, the Cowboys recorded touchdowns on all three of their trips inside the red zone; and all three scores followed big plays, as Arians referenced. A 13-yard pass and 20-yard run helped set up the first and second touchdowns, respectively, while a 53-yard completion came three plays prior to the third score, an Ezekiel Elliott touchdown to make it a two-score game, 28-17.Offensively against the Cowboys, the Cardinals made four trips inside the red zone and came away with but a single touchdown.“We just haven’t executed the way that we expect ourselves to execute,” quarterback Carson Palmer said.Making life more difficult for the Cardinals offense when they reach their opponent’s 20-yard line has been the absence of running back David Johnson. A year ago, Johnson, currently on injured reserve, scored 16 of his NFL-leading and franchise-record 20 touchdowns in the red zone. “I expect all those guys to be out in pads (Thursday),” Arians said.Guard Alex Boone (chest) did not practice, while dollar linebacker Deone Bucannon (ankle) was a full participant.For the 49ers, starting safety Eric Reid (knee) and rookie linebacker Reuben Foster (ankle) did not practice; neither did tackle Joe Staley, though his absence was not injury related. Also, linebacker Brock Coyle (concussion), running back Carlos Hyde (hip), fullback Kyle Juszczyk (concussion) and safety Jaquiski Tartt (concussion) were limited. Top Stories 2 Comments Share The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires “Their record does not matter,” Palmer said. “Every time we play San Francisco, they give us their best shot. They’ve always played really, really well against us—really, really hard against us. They’re playing hard on film, and this is a very good defense.“We’re in a difficult spot, coming off a loss on a short week with a team that’s got 10 or so days of rest. This is a huge game for us.”Elijhaa Penny impresses on scout teamOne option the Cardinals have not tried in the red zone, especially near the goal line, is running back Elijhaa Penny, who, at 6-2 and 234 pounds, may be able to overpower defenses because of his bigger size.Thus far, much of Penny’s playing time has come on special teams. He does have 10 offensive snaps but no carries. No carries, yet, at least.“He’s getting close to earning it,” Arians said. “He had a good preseason, but he’s still a little bit down the totem pole. If he got it, I’d have all the confidence in the world. The way he’s been (on the scout team)—Elliott, and then (Thursday) he’ll be (Carlos) Hyde—and he’s shown what he can do.”Injury reportThe list is a long one.Arians rattled off seven different names as being limited in practice on Wednesday: wide receiver John Brown (quadricep), tight end Jermaine Gresham (ribs), tackle D.J. Humphries (knee), guard Mike Iupati (tricep), linebacker Chandler Jones, wide receiver J.J. Nelson (bicep) and tackle John Wetzel. Grace expects Greinke trade to have emotional impact
Go back to the enewsletter Go back to the enewsletterVirtuoso this week hosted the annual Virtuoso Travel Week on Tour, Hotels event. Across Melbourne, Gold Coast and Sydney, 350 advisors attended four roadshow events, with 32 hotel product on show.Each event offered advisors the chance to win fantastic travel and accommodation prizes totalling more than $100,000.Virtuoso Managing Director for Asia Pacific, Michael Londregan, said this year’s event was a complete sell-out and was oversubscribed with products eager to come and meet Virtuoso’s Australian luxury advisors.“We have also had a sell-out show in terms of advisors, which indicates the strong appetite Virtuoso product partners have in forging direct relationships with the advisors who service Australia’s High Net Worth clients.“In return, advisors recognise this is the best way to ensure their client receives bespoke personal experiences during their stay.”Londregan said the luxury travel network was appreciative of the commitment the group’s advisors make to increasing their knowledge, and that its hotel suppliers have in ensuring advisors have the latest information in a fast-changing market.Pictured below are photos from the final event held at Intercontinental Sydney on Thursday 21 March.
Viacom International Media Networks (VIMN) has tapped Red Bee Media for the launch of Paramount Network in the UK.Paramount Network, which launched in the UK market earlier this month, is being scheduled and programmed by the Channel 5 editorial team under the direction of Ben Frow, director of programmes at Viacom-owned Channel 5.David TravisThe launch is the second launch outside the US of Paramount Network following its debut in Spain, where it replaced Paramount Channel.Leading up to the launch, Red Bee Media delivered design, integration and build for the channel. Operating out of their White City Broadcast Centre facility, Red Bee Media will be providing ongoing services in media management, transmission, video-on-demand and access services.The channel was initially available via Sky, Freeview, BT and TalkTalk in the UK. Following the removal of UKTV’s channels, Liberty Global-owned Virgin Media added Paramount Network to its line-up last week.“This successful launch was the culmination of a collective effort and great team work within Red Bee Media along with Channel 5 and Viacom. Paramount is one of Viacom’s flagship brands and we are proud to have been part of making such a significant channel launch happen for Channel 5, delivering on time and on budget,” said David Travis chief portfolio officer, video services, Red Bee Media.
In This Issue. * FOMC says no rate hike in June. * Currencies rally on the no rate hike news. * Gold can’t find a bid. * 2 Central Bank meetings on the docket. But First, A Word From Our Sponsor.. And Now. Today’s A Pfennig For Your Thoughts. Well, Look Who Was Right All Along! Good day.. And a Tub Thumpin’ Thursday to you! Well, I’m told that today is Red Nose Day. Which is a made up day for a good cause I guess as it represents the raising of money for Children and young people living in poverty. I was in a Walgreens earlier this month (on the first Tuesday so I can get my “senior 20% discount!) and they were selling these Red Noses, and I thought. Hmmm, so everybody wants to be a clown? But now I find out that it was a fund raiser. Should have known better with a girl like you! The Beatles greet me this morning with their song: I want to hold your hand. Now, admit it, when was the last time you heard that song? And just thinking about it, brings a smile to your face! Well, yesterday, I awoke from my nap, and checked my email, which is always an adventure, because I never know when I’ll see some meeting that I missed while napping, or that someone is trying to reach me. But this time, I wanted to see what the Fed’s FOMC Meeting Minutes said, so I could either pound the drum for Chuck, or hide in the basement. So, let’s go through them and see if you can determine what route I took. The Fed’s FOMC Meeting Minutes (FOMCMM) allowed the Fed members to keep with their call that the economic slowdown in the winter months was just “Transitory” but then tried to slip in, under the cover of darkness, the fact that the Fed members were not prepared to hike rates in the first part of the year. So, did you get that? No rate hike in June! Didn’t I tell you long ago and far away in a galaxy a million light years away, that there would be no rate hike in June? It didn’t take me months to break it down, and come to that conclusion, it was just plain old logic. So, now everyone believes that the Fed will hike rates in September. Hmmm. Here’s my take on that. the Fed will have two options. They can feel as though they are cornered by the markets and hike rates just to save face. Or, what will more likely be the case, they’ll have to attempt to do another meeting under the cover of darkness, because the economic data is so weak, that they’ll have to announce that they are coming back to the Quantitative Easing/ bond buying/ debt monetization/ crack cocaine for Central Banks, Table. Uh-Oh.. This delay now of the rate hike in June that everyone a couple of months ago, would have bet the farm that it was going to happen (except Chuck!) is just the Fed dipping their toes in the shark tank. Going back to the QE table will be the full attempt to jump the shark tank, and the dollar will be the thing that gets eaten. So. what happened last night in the overnight markets and the early European session to the dollar after this admission by the FOMC that there will be no June rate hike? Well, at first not much, but now the Europeans are seeing to it that the dollar gets what it’s got coming, after all that gloating that they were going to be raising rates in the U.S. And the broad based dollar rally we saw yesterday, is being reversed. Crazy, I know, one day on, the next day off. Drives me crazy folks, but hey, at least it’s different each day. HA! So, the currencies are on the rally tracks today, except Gold, which can’t get going for some “unknown” reason. The other thing that could be moving the dollar downward this morning is profit taking. The dollar rally yesterday was HUGE folks. The Eurozone Flash PMI’s (manufacturing index) printed this morning, and although the overall number didn’t meet expectations for a rise to 53.9, instead printing at 53.4, the manufacturing component was far better than the services component. So any hit to the euro here, will be muted, as long as the traders look under the hood and don’t just take the Flash number as gospel. I’ve been doing a lot of reading and number crunching on the Eurozone economic data lately, and I think the Eurozone is going to surprise the markets quite a bit with 2nd QTR GDP. Might even rival what we see from the U.S. in the 2nd QTR. The New Zealand dollar / kiwi is up a tiny bit this morning, but is being held back by the Budget Surprise that everyone got to see last night. the N.Z. Finance Minister, English, presented his Budget, and the surprise was that N.Z. printed a Budget Deficit for the year ending in June of NZD 648 Million. I know, that’s chump change compared to the Budget Deficits of a lot of countries. But this is tiny New Zealand, folks. They’ve always been able to carve out Budget Surpluses. In fact, the FM is forecasting a Budget Surplus for 2016. But that’s then, what’s now is that something happened that wasn’t on the docket, and as I’ve always told you, currency traders don’t like “unknowns” and this truly qualifies as a “unknown”. Well, not any longer it’s not! HA! We have two countries with Central Bank meetings today/ tonight. First we have the South African Reserve Bank (SARB) meeting, and while a lot of observers and economists believe that the SARB will keep rates unchanged, I’m of the opinion that the quietness coming from S. Africa, in terms of strikes, tells me that the economy is probably back to normal, which means inflation is probably becoming a problem there, and I wouldn’t rule out a rate hike from the SARB.. The other country with a Central Bank meeting tonight is Japan. Here the Bank of Japan (BOJ) primed the pump with some changes to their economic forecasts at their last meeting, and one would think that the BOJ would use priming of the pump to add more stimulus to the economy. the BOJ could strike while the iron is hot, given their tiny jump in GDP that I reported to you yesterday. But that’s not the BOJ’s M.O. and they’ll probably just meet, play some pachinko, or checkers and go home without doing anything. Japanese yen has finally moved past the 120 level, to 121, but I don’t think it’s going to go anyplace at the moment. Other than those two Central Bank meetings today / tonight, the docket is pretty empty. the U.S. Data Cupboard has a plethora of data prints, but 99% of them are third tier, but there is the Leading Index print for April in the Cupboard today, and that should show us that the outlook for the U.S. economy is more of the same-o, same-o, with no improvement. Well, I really stirred up the hornet’s nest with my comments about Richard Duncan yesterday. I had readers going for my throat for talking about his latest book. One reader asked me if I actually read Dollar Crisis. So, I replied. Yes, I read the book for the information in it. I do not take recommendations from anyone, I come up with my own thoughts based on knowledge and experience, of which I now have 42 years of. Duncan believes that the Credit world we live in today, is the problem, and that credit will have to continue to grow 2% per year or else the whole house of cards collapses, that’s why he advocates low rates, and continued borrowing. Basically, he’s saying that he sees no way out of this Credit World we live in, so we had better keep it going or else. Oh well, I get hammered when I mention James Rickards, Edward Griffin, and others, so I’ll just add Duncan to the list. But in the end folks. I read these guys, and I pick out the stuff I like, and then go on with life. Shoot Rudy, don’t you have family or friends that have an annoying thing they do, but all the other stuff is great? Do you just drop them as a friend because of the annoying thing, or do you pick out the stuff you like and go on with life? OK.. Sorry, but Geez Louise, I was really taken back by that yesterday. I just looked out my office window, and see the sun rising in the East, but very dark, stormy looking clouds to the West. WOW, that makes for a very eerie scene. The Russian ruble is back on the rally tracks this morning. I also had someone get angry with me for suggesting that the dropping of sanctions on Russia from the Eurozone would be good for both entities. What the heck is going on here? I think I’ll just take my bat and ball and go home, you all can play this game without me! OK, now that I have off my chest. I read in Ed Steer’s letter this morning that the Central Bank of Russia (CBR) added 300,000 Troy Ounces of Gold to their reserves in April. China, Russia, and India. the three Amigos! Adding Gold to their reserves, like Bill Gates adds dollars to his fortune on a daily basis. On a side bar. I mentioned the Three Amigos. I smile, because it reminds me of that goofy movie of the same name with Steve Martin, Chevy Chase and Martin Short from the 80’s. And in China.. The HSBC version of the manufacturing Index (PMI) didn’t meet expectations, but was higher than the previous month’s print. I have to say that this usually means the Gov’t’s version of the PMI will be better. So, things in China appear to have bottomed, but are not reversing as fast, which tells me that the Chinese will probably cut rates further, to move this slowdown along a little faster to recovery. There’s news from China that bothers me. I’ll throw it out there and see if it bothers you or not. The U.S. is to hold Asian Military Summit, and exclude China from the Summit.. Isn’t Life Strange? Well, as I said above, Gold is trying to find some traction this morning, on a day when you would think it would be no problem, given the FOMC statement yesterday. But Noooooooo! Hmmm. On one day we have the news that China not only added Tonnes to the reserves, but also announced that they were buying mining properties around the world to increase their Gold production, and obviously add to their reserves, and the next day we have news that Russia also added a large amount of Gold to their reserves, and the Fed says no rate hike in June, and all the while, Gold can’t find a bid. Hmmm. What’s holding Gold back, like a starting gate holds back the thoroughbreds before a race? Good Question. And one that I think the CFTC (commodities commission) should be looking into. But they won’t, and if they did, they wouldn’t find anything, see their past inquiry into Silver trading. So, it must just be market forces holding Gold back this morning. Yeah, that’s the ticket! Yes, and my first wife was a young Elizabeth Taylor, yes, that’s the ticket! I had to laugh out loud when I saw this dispatch from the GATA people yesterday. First of all let me set this up. The CME (futures exchange) announced that they were going to begin trading in Zinc futures. So then I received this dispatch from GATA, and they said, “Goodbye Zinc Rally, the CME creates futures contract in Zinc.” The GATA people also said that the” CME engaged JPM to rig price”, but the CME actually said that JPM would provide liquidity for the new market. Which one do you subscribe to? Now that’s funny, I don’t care who you are, that’s funny. “Goodbye Zinc rally, here comes CME futures trading”. Well, funny on the outside, not on the inside. Sort of like Smokey Bill Robinson’s song Tears of a Clown. Now if there’s a smile upon my face, don’t let my glad expression give you the wrong impression, Don’t let the smile I wear, make you think that I don’t care, Really I’m sad and hurting so bad. Ahhh, Smokey Robinson, that mellow voice. Love that guy’s music! To recap. Well the Fed finally admitted that they are not prepared to hike rates in the first half of this year, which means no rate hike in June, just like Chuck told you months ago! The Broad based dollar rally yesterday, faded overnight, and in Europe, it has been washed out of the markets minds, and the currencies are back to rallying, except for Gold, which no matter what good news comes its way can’t seem to find a bid. The SARB meets today, and the BOJ meets tonight. Chuck thinks the SARB might have a surprise for the markets, and the BOJ should, but won’t, thus keeping with their M.O. Chuck gets lots of negative mail about Richard Duncan, and his thoughts about the Eurozone dropping the sanctions VS Russia. And decides to take his bat and ball and let the game go on without him. For What It’s Worth. So, have you seen the video or read any of the text of this guy named Ray Dalio, the head of Bridgewater? Last week he got a lot of attention when he said, “if you don’t own Gold, you don’t know history”. And this week he’s in a video that’s going around where he says that Buffett is wrong on Gold. here’s a snippet of the video, and for those of you interested here’s the link to the video. it’s only 2 minutes and 40 seconds, and not one of those hour long tricks that everyone sends out now, saying, ” find out how to “X” by clicking on this short video”.. . http://www.zerohedge.com/news/2015-05-20/ray-dalio-slams-buffett-being-wrong-gold-says-social-disruption-inevitable For the record, for those of you who don’t want to watch another video, I’ll tell you that when asked about the economy and deleveraging, and Warren Buffet’s negative view on gold, Bridgewater’s Ray Dalio, said, “I don’t know whether we’re beyond the point of being able to successfully manage this, and I worry about social disruption . . . I think gold should be a part of everybody’s portfolio to some degree because it diversifies the portfolio, it is the alternative money . . . I think [Warren Buffet is] making a big mistake.” Chuck again. I love when the Big Boys get the boxing gloves out and go a round or two. But Dalio is right. Buffett should know better. And I really agree with his quote from last week that got so much attention. “If you don’t own Gold, you don’t know history”. And then there’s that thing about Those that don’t know history are doomed to repeat it. Currencies today 5/21/15. American Style: A$ .7890, kiwi .7305, C$ .8185, euro 1.1145, sterling 1.5690, Swiss $1.0710, . European Style: rand 11.7685, krone 7.5470, SEK 8.3025, forint 275.00, zloty 3.0050, koruna 24.5420, RUB 49.68, yen 121.05, sing 1.3355, HKD 7.7535, INR 63.63, China 6.1139, pesos 15.16, BRL 3.0065, Dollar Index 95.19, Oil $59.56, 10-year 2.23%, Silver $17.14, Platinum $1,154.04, Palladium $778.52, and Gold. $1,206.91 That’s it for today. Well, on TV this morning, Famous Dave’s is set up on a New York City Street, and they have the Big Green Egg smoking away, and I just saw the ribs having sauce mopped on them. Man, am I ready for summer to begin! Cardinals’ bats still had life in them last night, after scoring 10 the night before they followed up with a 9 spot last night. YAHOO! Loggins and Messina are playing their song: Danny’s Song, on the iPod right now. I used to play that one on my guitar. Alex is back home and yesterday he was playing his guitar again. I love to hear him play. Last week he was sitting at the piano, and playing a very nice song. He taught himself to play the piano. Yes, he’s pretty talented. I told you all that last week I was interviewed by Pete Coyne at the Daily Reckoning.. I saw the text yesterday, so after legal gives it their blessing, it’ll be printed over at the Daily Reckoning, and of course I’ll give you the heads up, when that happens. This is my Friday in the office today, as tomorrow I’ll be at home. A neighbor that started getting treatment for Cancer a couple years after me, was taken down by Cancer. A real shame, as he was not that old, and was a fun person to be around. His funeral is tomorrow. So, there you go. Thank you for reading the Pfennig today, and I hope you can go out and make this a Tub Thumpin’ Thursday! Chuck Butler Managing Director EverBank Global Markets
What the heck is the “K Sign” Indicator? Wall Street and the hedge funds have no clue about this incredible breakthrough. That’s because right now, less than 10 people in the world know about this new way of picking winning stocks a year in advance… With data-proven 93.5% accuracy. And they’re all right here in this Baltimore office. But starting now, they’re releasing this to the public… Get the full details by clicking here. It should produce things or provide services that are enjoyable and/or useful to other people. This adds a social component to the experience. The work should be challenging. It should require the best of you – your intelligence, your intuition, your stamina, and your care. Ideally, it should require both knowledge and skill and thus give you the opportunity to learn and improve forever. — You can spare yourself the misery by ditching the job early on and replacing it with a career. What’s the difference? A career is a life’s vocation… You work a job to make money. You work a career to build something you value. With a job, you are always thinking about the time you won’t be working. With a career, you are always thinking about it even when you aren’t working. The reason for this is a matter of focus. A job looks inward: “I do this to make money for myself.” A career looks outward: “I am building something that others can appreciate or use.” The litmus test for determining whether you have a job or a career is this question: If you could afford to, would you do it for free? You shouldn’t work for money. You should work on having a career. If you don’t like your work but are doing it because you have to support yourself and/or a family, start working on a Plan B. Plan B is titled: “Doing Something I Care About.” Measured in mundane, day-to-day terms, having a career can be challenging since you are constantly focused on the work, and the work sometimes does not go as well as you might want. But even when the work is frustrating, it involves you in a way that is somehow satisfying. And when the work goes well, there’s nothing like it. If you have a job now, can you transform it into a career? Well, it may depend on what you are doing. Justin’s note: For today’s Weekend Edition, I want to share a powerful essay from our good friend Mark Ford. Mark has built dozens of businesses from scratch…creating millions of dollars of wealth in the process. He has practiced and taught every wealth idea worth knowing, and understands more about how to succeed in business and in life than just about anyone. Read on for his timeless wisdom below—it’s one of the best essays I’ve read all year… By Mark Ford, founder, Palm Beach Research Group Most people have jobs. They faithfully go to work each morning, do their best to execute their duties, come home tired, and look forward to weekends and vacations. They do this to make ends meet, hoping something better will come along. And better things do come now and then, along with setbacks. But the drudgery continues. Week in. Week out. Forty years pass. Life has been half miserable. But it’s time for retirement. Retirement means getting out of job jail. No more hated work. It’s now time for relaxation and fun… Just kidding! As it turns out, retirement today is this: After giving up a fairly well-paid full-time job, you take on several poorly paid part-time jobs (without benefits) to pay for your ever-increasing retirement expenses. But it doesn’t have to be that way… WARNING [Expires Monday at midnight] Until Monday at midnight, you can get a free year of Chris Mayer’s elite research service – Bonner Private Portfolio – and get in on his next pick. Bill Bonner will invest up to $250k in this pick through his family trust. Click here for details. — Recommended Link It should be accretive. That is, the value of the goods or services you produce should increase as your career continues. (For example, I feel like the writing I’ve done on entrepreneurship, as a whole, is greater than the sum of its parts.) I have worked as a writer and editor for about 40 years. For more than half that time, writing was a job for me. I did it to make money. I worked hard at it, did it well, and did make a lot of money, which was great. But I never really enjoyed the “job.” That changed when I turned 50. I changed my priorities. Making money wasn’t even on the list. I began writing about topics I valued, like art collecting, language, and literature. I was also writing movie scripts, short stories, and poems. Before, the “purpose” of the writing I had been doing was to sell products and services and thereby make a lot of money. After, the purpose of my writing was to teach readers what I had learned about making money. It was the same topic, but the intention was different. It had moved from me (inward) to them (outward). So that is the first and main thing. But there are requirements for your work to be a career: Recommended Link Not everyone can make a career out of his or her job. An architect certainly could. Instead of designing commercial crap for the highest bidder, she could gradually develop her own style, one that she likes and that would serve people, and she could produce work over her lifetime that would endure for generations. Think about it. Start creating your Plan B. Satisfaction comes from doing something you care about. And if you can make money for 40 years doing something you care about and creating something that has value to others—you have a career! Regards, Mark Ford Founder, Palm Beach Research Group Justin’s note: Few people know this, but Mark made his first million simply by replacing his job with a career. He has collected his secrets for finding a lifetime vocation—and excelling at it—in his newest program. If you’re looking for a change, this is a great way to start getting paid to do something you love. Click here to learn more.
A little electrical brain stimulation can go a long way in boosting memory.The key is to deliver a tiny pulse of electricity to exactly the right place at exactly the right moment, a team reports in Tuesday’s Nature Communications.”We saw a 15 percent improvement in memory,” says Michael Kahana, a professor of psychology at the University of Pennsylvania and an author of the study.The approach hints at a new way of treating people with memory problems caused by a brain injury or Alzheimer’s disease, Kahana says. But the technology is still far from widespread use.Kahana has spent years trying to understand why the brain often fails to store information we want it to keep.”When we’re trying to study a list of items, sometimes the items stick and sometimes we have momentary lapses where we don’t seem to remember anything,” he says.Kahana and a team of researchers thought there must be a way to help the brain do better. So they had a computer learn to recognize patterns of electrical activity indicating that the brain was about to have a memory lapse.Then the team had the computer intervene by delivering a pulse of electricity to different areas of the brain just before the lapse was going to occur. And in the area involved in recalling words, the approach worked.”When we stimulated the left temporal cortex, we found that memory was improved significantly,” Kahana says. “When we stimulated other parts of the brain, memory was, by and large, impaired.”The experiment was done with 25 patients with epilepsy who were in the hospital awaiting surgery to treat their seizures. That meant doctors had already inserted wires into their brains to monitor electrical activity.But epilepsy patients tend to have memory problems and other brain anomalies, says Michael Sperling, an author of the study and director of the Comprehensive Epilepsy Center at Thomas Jefferson University in Philadelphia.”We still really lack any experiments in people with other conditions to know for certain whether [the treatment] would prove effective or not,” Sperling says.Even so, Sperling is optimistic that the research will lead to an implantable device that can improve memory in at least some patients. “There’s a good chance that something like this will come available,” he says, “I would hope within the next half dozen years, or so.”The memory research is being funded by the military’s Defense Advanced Research Projects Agency. It’s part of an effort by the agency to develop technologies to help military personnel and veterans with memory problems caused by brain injuries.”We didn’t just do this for the sake of science,” says Justin Sanchez, who directs DARPA’s biological technologies office. “We wanted a real technology that could ultimately make its way out into the world.”DARPA-funded scientists are already working on a version of the brain stimulation system that could be implanted in a person, Sanchez says. And this sort of technology could eventually extend beyond people who have memory impairments, he says.”If any of us could get a 15 percent boost in our memory, that would be transformative,” Sanchez says. Copyright 2018 NPR. To see more, visit http://www.npr.org/.
A federal judge in Washington state has temporarily blocked the Trump administration’s overhaul of the federal reproductive health care program known as Title X. The nationwide preliminary injunction puts a stop — at least for now — to new regulations that were set to take effect on May 3. Among other changes, the rules would prohibit any organization that offers or refers patients for abortion from receiving Title X funds to cover services like contraception and STD screenings for low-income patients. Reproductive rights activists cheered the ruling, issued Thursday by U.S. District Court Judge Stanley Bastian in the Eastern District of Washington state. “We’ve had so much concern and anxiety about the impact this rule might have on our patients and their care, and now everyone can keep going with their very important work,” said Clare Coleman, president and CEO of the National Family Planning & Reproductive Health Association, which challenged the regulations. Advocates are challenging the rule in several states — among them California, Oregon, and Maine. A federal judge in Oregon also said earlier this week that he plans to issue an injunction blocking the rules, though he has not yet specified the scope of his ruling. The judge, Michael McShane, described the rule as a “ham-fisted approach to public health policy,” The Oregonian reported. That suit was brought by a coalition of more than 20 state attorneys general, Planned Parenthood and the American Medical Association. Planned Parenthood officials have said if the changes to Title X are allowed to take effect, the organization, which serves about 40% of the program’s 4 million patients, would no longer be able to participate.Supporters of the Trump administration’s regulations argue that no federal funds should go to any group involved in abortion. In a statement, Kristan Hawkins of Students for Life of America called the decision an example of “judicial overreach” and promised that it “will motivate voters in the days ahead.”A spokesperson for the federal Department of Health and Human Services declined to comment on pending litigation. Copyright 2019 NPR. To see more, visit https://www.npr.org.
Pop Culture Entrepreneur Staff The award-winning musical broke Broadway records with its highest ever grossing week. Enroll Now for $5 Fireside Chat | July 25: Three Surprising Ways to Build Your Brand January 3, 2019 Nina Zipkin –shares 3 min read Hamilton last week earned more than $4 million, making it the first musical in Broadway history to generate that much money in one week.While the holiday season is often a popular time for people to go see Broadway shows, the week between Christmas and New Year’s in 2018 was one for the books. It was both the best-attended — with 378,910 seats filled — and highest-grossing — with $57.8 million at the box office — in Broadway history.While Hamilton took the top spot — coinciding the airing of its creator, writer and star Lin-Manuel Miranda, director Thomas Kail, choreographer Andy Blankenbuehler and music director Alex Lacamoire receiving a special Kennedy Center Honor — it was also a successful week for many of its peers.Hamilton was followed by The Lion King, which grossed $3.7 million, Wicked $3.4 million, and The Illusionists, which made $3 million. Overall, 28 shows grossed more than $1 million, and there were eight that brought in $2 million. Harry Potter and the Cursed Child broke the weekly record for a Broadway play with $2.52 million at the box office. It broke its own $2.34 million record from Thanksgiving 2018.Related: If You’re Not Going to Invest in Yourself, What Will You Invest in? Asks the Tony-Nominated Designer of ‘Hamilton.’“The demand for escapism is definitely a factor and that’s what we find more and more. People want to pay money to have an experience and they want it in a more intense way than just going to a movie theater,” said Victoria Cairl, senior vice president of strategic partnerships at Show-Score.com, a social and review platform for theater fans. “Broadway is thriving. It doesn’t hurt that the shows are spectacular right now and when people go, they really feel like they get their money’s worth.”Cairl said that shows such as Hamilton and the two-part Harry Potter and the Cursed Child are unique in their price point. A Hamilton ticket last week retailed from $375 to $849, but the show is at the higher end of the price spectrum. “Broadway may be booming, but it’s very accessible,” Cairl said. “Some people might think, Oh, it’s so expensive, I can never afford an $800 ticket. That’s not the case. Many shows you can see for under $50.”As for shows to watch this year, Cairl said that while existing IPs are continually being adapted for the stage, including upcoming musicals of Tootsie and Beetlejuice, there are also some anticipated original works opening soon that have had very successful off-Broadway runs, including Be More Chill, which Cairl describes as a teen comedy sci-fi musical, and Hadestown, which is inspired by greek mythology.“What’s great about Broadway is it still has an entrepreneurial spirit and it’s always willing to try something new,” Cairl said. “What we’re creating is art for a variety of different audiences.” ‘Hamilton’ Makes History With More Than $4 Million Holiday Week Add to Queue Image credit: Jeff Spicer | Getty Images Staff Writer. Covers leadership, media, technology and culture. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Next Article
Register Now » Add to Queue Amazon, Ecommerce Rivals Fuel Commercial Property Boom in India Next Article Learn how to successfully navigate family business dynamics and build businesses that excel. This story originally appeared on Reuters Real Estate Internet retailer Amazon and its fast-growing local rivals are driving a boom in commercial property leasing in India as their storage needs rise, with shoppers in the country going online to buy everything from televisions to groceries.Demand from e-commerce firms, a tiny fraction of India’s retail industry, accounted for as much as 40 percent of 1.7 million square feet of warehouses leased in 2014 – a seven-fold increase from 2013, according to consultants CBRE South Asia. Warehouse rents have risen by a quarter over the past year.Other estimates indicate office rents in India’s tech hub Bengaluru could rise by as much as a fifth in the next six to nine months as e-commerce companies add to demand.The result, say developers and analysts, is a speedier than expected recovery for India’s commercial property sector, badly dented by two successive years of sub-5 percent economic growth.”The best has yet to come for the sector and that will have a snowball effect on the property sector with increased appetite for office space, logistics and warehouse,” said Sigrid Zialcita, managing director, research for Asia Pacific at consultant Cushman & Wakefield.In October, online retailer Flipkart, one of India’s largest market place sites, agreed to lease 3.25 million square feet of office space in Bengaluru from developer Embassy Group, making it one of the biggest commercial property leasing deals ever.”There will be large requirements from these kinds of companies,” said Jitendra Virwani, chairman and managing director of Embassy, adding such deals were few, but growing.While e-commerce companies comprised less than 5 percent of the 30 million square feet of offices leased in 2014, they are expected to drive demand over the next three to six years.Uptake of total warehouse space is likely to more than double to 4 million square feet in 2015, as more Indians shop online.Revenues of e-commerce companies in Asia’s third-largest economy are expected to rise to $1.5 to $2 trillion over the next 10 years, says Cushman. India already has the world’s third-largest population of Internet users.Among those looking for space is Amazon, which needs a million square feet of offices in Bengaluru, according to property consultants. Amazon had no immediate comment.Indian classifieds portal Quikr said it is looking for 50,000 square feet. Furniture retailer Pepperfry said it plans to grow its shed space to 3 million square feet by 2017 from 250,000 square feet, while rival FabFurnish said it would more than double its space to 800,000 square feet by mid-2016.Cushman’s Zialcita said that while technology and outsourcing companies will make up the lion’s share of demand for now, e-commerce firms will contribute notably in future.”This is still in its nascent stage… it has the potential to grow,” she said. ($1 = 61.7000 Indian rupees)(Editing by Clara Ferreira Marques and Muralikumar Anantharaman) Free Webinar | July 31: Secrets to Running a Successful Family Business –shares Reuters January 24, 2015 3 min read
Apply Now » Image credit: Google 3 min read Add to Queue –shares Reuters Google Self-Driving Car Hits Municipal Bus This story originally appeared on Reuters Alphabet Inc.’s Google self-driving car struck a municipal bus in a minor crash earlier this month, a recent filing showed, in what may be the first case of one of its autonomous cars hitting another vehicle.In a Feb. 23 report filed with California regulators, Google said the crash took place in Mountain View, Calif., on Feb. 14 when a self-driving Lexus RX450h sought to get around some sandbags in a wide lane.Google said in the filing the autonomous vehicle was traveling at less than 2 miles per hour, while the bus was moving at about 15 miles per hour.The vehicle and the test driver “believed the bus would slow or allow the Google (autonomous vehicle) to continue,” it said.But three seconds later, as the Google car in autonomous mode re-entered the center of the lane, it struck the side of the bus, causing damage to the left front fender, front wheel and a driver side sensor. No one was injured.Google did not immediately comment on the recent crash and there has been no official determination of fault in the crash. It has previously said that its autonomous vehicles have never been at fault in any crashes.The Mountain View Police Department said that no police report was filed in the incident.Stacey Hendler Ross, spokeswoman for the Santa Clara Valley Transportation Authority, which operates municipal buses in Mountain View and other cities in the area, confirmed the incident occurred, but said she did not know any details.The California Department of Motor Vehicles said on Monday that manufacturers of autonomous vehicles must report crashes, but “the DMV is not responsible for determining fault.”A spokesman for the U.S. National Highway Traffic Safety Administration declined to comment.The crash comes as Google has been making the case that it should be able to test vehicles without steering wheels and other controls.In December, Google criticized California for proposing regulations that would require autonomous cars to have a steering wheel, throttle and brake pedals when operating on public roads. A licensed driver would need to be ready to take over if something went wrong.Google said in November that in six years of its self-driving project, it has been involved in 17 minor accidents during more than two million miles of autonomous and manual driving combined.”Not once was the self-driving car the cause of the accident,” Google said at the time.(Reporting by David Shepardson, additional reporting by Bernie Woodall; editing by Chris Reese, G Crosse) The only list that measures privately-held company performance across multiple dimensions—not just revenue. 2019 Entrepreneur 360 List Next Article February 29, 2016 Self-Driving Cars
Application development platforms are a strategic choice for the enterprise, delivering end-to-end digital journeys from design thinking to supporting new touchpointsOutSystems, provider of the number one low-code application development platform, was named a Leader in the new 2019 Gartner Magic Quadrant for Multiexperience Development Platforms (MXDP)*, positioned highest overall for ability to execute.OutSystems believes this new Gartner report makes it clear – the future of app development is multiexperience. “These requirements go beyond mobile apps to enable development of progressive web apps (PWAs), conversational apps (voice assistants and chatbots), immersive apps and wearable apps,” according to Gartner.According to Gartner, “Leaders have strong capabilities in mobile app and web development and demonstrate a compelling product vision and commitment to multiexperience development in their platforms. They have large customer bases and robust partner ecosystems and have shown healthy growth in this market. However, this market is rapidly evolving, so Leaders might not stay Leaders for long.”Marketing Technology News: Alluxio Delivers First Data Orchestration Platform Powering Multi-cloud Analytics and AIThe report goes on to state, “the term ‘multiexperience’ refers to the various permutations of modality (touch, voice and gesture, for example), device and app with which users interact on their digital journeys across diverse touchpoints. Multiexperience development involves creating fit-for-purpose apps based on touchpoint-specific modalities, while at the same time ensuring a consistent user experience across web, mobile, wearables, conversational and immersive touchpoints. Multiexperience development is typically undertaken using a variety of technologies, but single platforms are emerging that bring together the required technologies.”“We believe Gartner’s Magic Quadrant for Multiexperience Development Platforms aligns perfectly with what our customers are telling us,” says Paulo Rosado, OutSystems CEO. “Enterprises want a strategic approach to develop apps that engage users, without using one tool for each touchpoint. Our platform enables them to deliver the amazing experiences that their customers crave with velocity, high adoption rates, and security.”OutSystems is a low-code development platform with advanced mobile features, pixel-perfect UX, easy integration with any system, secure offline capabilities, and one-click deployment. Whether a company is building an enterprise-grade, business-to-consumer app with chat and voice recognition, or a complex field service solution, it can do it all with the speed and agility today’s development teams and consumers demand.Marketing Technology News: Valassis’ Marketing Technology Platform Earns Tech AwardAccording to Gartner, OutSystems customers were instrumental in determining its position in the Magic Quadrant. Thousands of companies such as Toyota, Chevron, Logitech, Deloitte, Ricoh, Schneider Electric, and GM Financial use the OutSystems low-code platform to accelerate their digital transformation initiatives and differentiate their business.Happy customers are the hallmark of OutSystems and consistently give the platform top ratings. OutSystems is a Gartner Peer Insights Customers’ Choice for October 2018 in Best Mobile App Development Platforms and February 2019 in Best Enterprise High-Productivity Application Platform as a Service Software on Gartner Peer Insights. The Gartner Peer Insights Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience purchasing, implementing and/or using the product or service. Vendors must have a minimum of 50 published reviews, with an average overall rating of 4.2 stars or higher.“We love the ability to quickly spin up new solutions and products with little overhead and deploy them to either an on premise or cloud-based environment very quickly. The features and functionality for both web and mobile platforms help keep our application designs consistent.”“We are using OutSystems on prem for now more than 6 years. It has dramatically changed the way we build and deliver applications to our customers. It has also changed significantly what our customers think about IT and our capability to deliver good and modern solutions in short times.”Marketing Technology News: JumpCrew Announces Inaugural Conference “JumpCon: The Digital Sales Transformation Summit” The Future of App Development Is Multiexperience – OutSystems Named a Leader in the 2019 Gartner Magic Quadrant for Multiexperience Development Platforms MTS Staff WriterJuly 15, 2019, 3:23 pmJuly 15, 2019 app developmentGartnermobile appMultiexperienceNewsOutSystemsPaulo Rosado Previous ArticlePeople.ai Accelerates Growth with Addition of Robin Ritenour as Head of Business Development, Partnerships and Channels and Dana Ray, SVP of PeopleNext ArticleUS E-Commerce Trends Linked to Nielsen’s Prime Day Analytics
There is scientific evidence that the drug is effective and safe she said. She warned that among children it is probably safe not to use any drug for a long duration.Behavioural aids and strategies might be a safer option for children with sleep difficulties she added. She said sleep quality and adequacy is important for a child’s growth and development.The drug is a short acting one and must be taken just before bed time. If an individual delays going to bed after taking it, the effect may wear off say experts. By Dr. Ananya Mandal, MDOct 29 2018Similar to adults, children too suffer from sleep problems such as insomnia that causes inadequate and non-restful sleep. Melatonin is a synthetic version of a naturally occurring hormone of the same name. It can help regulate sleep rhythm and is widely being used by adults to combat jet lag and lack of sleep due to shift work. Melatonin in the body is secreted by the pineal gland and it regulates the circadian rhythm of the body.Evidence shows that melatonin can work similarly among children with sleep problems. The drug is safe in children at lower doses. The drug remains regulated by the Therapeutic Goods Association, Australia.According to Professor Harriet Hiscock, a paediatrician at the Royal Children’s Hospital Melbourne, there is a rise in prescription of melatonin for children with sleep difficulties. She said the drug is also being used in preschoolers. Best food for getting sleep. Foods rich of tryptophene and natrual melatonin. Image Credit: Ekaterina Markelova / Shutterstock Further Reading Melatonin – What is Melatonin? Melatonin in Medicine Melatonin Side Effects Melatonin in Mammals Melatonin In Humans
Reviewed by Alina Shrourou, B.Sc. (Editor)Jun 19 2019In a new study, Yale researchers offer insight into leptin, a hormone that plays a key role in appetite, overeating, and obesity. Their findings advance knowledge about leptin and weight gain, and also suggest a potential strategy for developing future weight-loss treatments, they said.The study, led by investigators at Yale and Harvard, was published the week of June 17, 2019, in the journal PNAS.Leptin, which is secreted by fat cells, informs the brain when fuel stored in body fat and in the liver is becoming depleted. It has not been well understood how low leptin concentrations in plasma — the largest component of blood — increase appetite. The researchers studied the biology of leptin in rodents. They also investigated the influence of nerve cells in the brain known as AgRP neurons, which regulate eating behavior.Related StoriesSavings from lower insurance costs of growth hormone drugs not passed on to patientsAdipose hormone levels may be independent risk factor for obesity-related asthmaCombination of radiotherapy and anti-hormone treatment can prevent recurrence of hormone-driven breast cancerThe researchers discovered that the mechanisms by which reductions in plasma leptin concentrations stimulate food intake are not limited to the brain, as previously thought. In rodents, fasting first activates leptin receptors in the brain, followed by an intermediary step that involves the endocrine system. This system includes the pituitary and adrenal glands, which secrete another hormone, corticosterone, that regulates energy, stress responses, and food intake.The research team learned that this chain of events is required for leptin to stimulate hunger when food is restricted, or when diabetes is poorly controlled and plasma leptin concentrations drop below a critical threshold, said Gerald Shulman, M.D., the George R. Cowgill Professor of Medicine at Yale School of Medicine, and co-corresponding author of the study.In further experiments, the researchers also showed that plasma corticosterone activates AgRP neurons, which increases hunger when either leptin or blood-sugar levels are low, Shulman noted. In humans, leptin and blood sugar drop when people diet.These findings add to scientists’ knowledge of leptin, which has been the focus of research on obesity and weight loss since its discovery in the 1990s. The study reveals “the basic biology of leptin, and how the endocrine system is mediating its effect to regulate food intake under conditions of starvation and poorly controlled diabetes,” said Shulman.The research also lends support to a different strategy for developing drugs that treat obesity. “It suggests that AgRP neurons may be an attractive therapeutic target,” he said. Source:Yale University
Reviewed by James Ives, M.Psych. (Editor)Jul 11 2019A large observational cohort study examining male veterans aged over 50 years with type 2 diabetes found that metformin use was associated with a significantly lower risk of dementia in African American patients.The study included data from 73,500 patients who received care through the Veteran’s Health Administration from 2000-2015 and were diabetes- and dementia-free at baseline and who subsequently developed type 2 diabetes and began treatment with either metformin or sulfonylurea. Cox proportional hazards models, using propensity scores and inverse probability treatment to balance confounding factors, were computed to measure the association of both drugs and incident dementia across race and age groups. For African American patients aged 50-64 years, the hazard ratio for developing dementia was 0.60 (CI, 0.45-0.81), and for African American patients aged 65-74 years, the hazard ratio was 0.71 (CI, 0.53-0.94). The study showed modest to no association between metformin and lower risk for dementia in white patients 65-74 and no association in other age groups. The present results may point to a novel approach for reducing dementia risk in African Americans with type 2 diabetes mellitus. Source:American Academy of Family PhysiciansJournal reference:Scherrer, J.F. et al. (2019) Association Between Metformin Initiation and Incident Dementia Among African American and White Veterans Health Administration Patients. Annals of Family Medicine. doi.org/10.1370/afm.2415.
Citation: Modeling where the wind blows (2018, January 9) retrieved 18 July 2019 from https://phys.org/news/2018-01-modeling-where-the-wind-blows.html Provided by King Abdullah University of Science and Technology Renewable energy generated from wind has the potential to ease the demand for resources, as well as reduce greenhouse gas emissions. However, locating global wind resources is very challenging because of the difficulty in storing the large amounts of data generated by climate model simulations.This led postodoc, Jaehong Jeong, and his supervisor Marc Genton from KAUST, working with colleagues from the University of Notre Dame in the United States, to develop a statistical model that includes geographical and physical information for mountains, such as longitude and altitude, and can better account for their impacts on wind speed.”Our model incorporates more large-scale geographical information to explain the behavior of wind across longitudes,” explains Jaehong. “In particular, the model incorporates information on the physical characteristics of mountains, which have been shown to affect the spatial smoothness of wind fields, and leads to better model selection metrics for modeling wind data, reducing the data storage and computational requirements of large datasets.”Wind fields have been shown to exhibit varying spatio-temporal smoothness across longitudes due to land, ocean and mountainous features, and differences in altitude can produce thermal effects as well as the acceleration of wind flows over hills and funneling effects in narrow valleys.The researchers therefore developed a flexible model in which ocean, land and high mountains with altitude information were included as covariates to account for the statistical behavior of wind speed. And by using a stochastic generator, they were able to incorporate large amounts of wind data, allowing them to better model the spatio-temporal variability of wind resources.Once the mean and covariance parameters were estimated from a sample set, the stochastic generator was able to generate surrogate runs whose large-scale features were almost identical to the original runs, and a more detailed assessment of wind uncertainty under different initial conditions was achieved, without the need for storing a prohibitive amount of information.”Our work could provide wind energy assessments in developing countries, where no regional studies are available, and could be a stepping stone for more complex and realistic problems regarding wind resources, such as daily or monthly global wind ensemble and multivariate wind-field modeling,” says Genton. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. The ensemble standard deviation for the yearly near-surface wind speed from the training set. Credit: KAUST Explore further Huge energy potential in open ocean wind farms in the North Atlantic By incorporating geographical information into models for wind energy, researchers from KAUST have developed an innovative statistical tool that reduces the computational burden of locating global wind resources. More information: Reducing Storage of Global Wind Ensembles with Stochastic Generators. arxiv.org/abs/1702.01995
Citation: Samsung reaches settlement over ‘exploding’ washing machines (2019, February 12) retrieved 17 July 2019 from https://phys.org/news/2019-02-samsung-settlement-machines.html © 2019 AFP The faulty appliances were recalled in 2016 after reports that the top “can unexpectedly detach from the washing machine chassis during use, posing a risk of injury from impact”, according to The US Consumer Product Safety Commission.The lawsuit claimed some of the washers were “exploding”.”Samsung has chosen to settle class-action lawsuits involving top-load washing machines that were subject to a voluntary recall,” Samsung said in a statement, adding the decision was reached to “avoid distraction and expense of litigation”.The washing machines in question have long been off the market, Samsung said. Those covered by the settlement may receive benefits ranging from a “rebate, refund or reimbursement of certain expenses, costs, and repairs”, according to the statement. Samsung said at the time that the recall applied to models built between 2011 and 2016 for “reports highlighting the risk that the drums in these washers may lose balance, triggering excessive vibrations, resulting in the top separating from the washer”.The South Korean consumer goods titan has suffered several blows to its reputation in recent years.In 2016 it was forced to issue a worldwide recall of its flagship Galaxy Note 7 smartphone over exploding batteries, costing the firm billions of dollars.The group’s heir, Lee Jae-yong, was soon after embroiled in a major corruption scandal that ousted South Korean president Park Geun-hye, and he spent nearly a year in jail for bribing her close confidante.But in just a decade, Samsung has gained considerable ground in the US washing machine market with its share jumping from 1.8 percent in 2008 to 19.8 percent in 2017, according to market research firm TraQline. Samsung to recall 2.8 million washing machines in US This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further Samsung Electronics has reached a settlement in a class-action lawsuit over 2.8 million “exploding” washing machines recalled in the US, the South Korean company said Tuesday. The washing machines in question have long been off the market, according to Samsung
Artificially synthesized and dissociated hydrogen-natural gas hydrates. The Raman spectra of tuned sI and sII hydrate showing the hydrogen clusters in each cage. Credit: KAIST Schematics showing the storage method for hydrogen in a natural gas hydrate using a substitution method and storage method directly from ice to a hydrogen-natural gas hydrate. Credit: KAIST Explore further The research team found that two hydrogen molecules are stored in small cages in tuned structure I hydrates, while up to three hydrogen molecules can be stored in both small and large cages in tuned structure II hydrates. Hydrates can store gas up to about 170-times its volume and the natural gas used as thermodynamic stabilizers in this study can also be used as an energy source.The research team developed technology to produce hydrates from ice, produced hydrogen-natural gas hydrates by substitution, and successfully observed that the tuning phenomenon only occurs when hydrogen is involved in hydrate formation from the start for both structures of hydrates.They expect that the findings can be applied to not only an energy-efficient gas storage material, but also a smart platform to utilize hydrogen natural gas blends, which can serve as a new alternative energy source with targeted hydrogen contents by designing synthetic pathways of mixed gas hydrates.The research was published online in Energy Storage Materials on June 6, with the title “One-step formation of hydrogen clusters in clathrate hydrates stabilized via natural gas blending.”Professor Lee said, “HNGB will utilize the existing natural gas infrastructure for transportation, so it is very likely that we can commercialize this hydrate system. We are investigating the kinetic performance through a follow-up strategy to increase the volume of gas storage. Team discloses the formation of burning ice in oceanic clay rich sediment Citation: Hydrogen-natural gas hydrates harvested by natural gas (2019, June 21) retrieved 17 July 2019 from https://phys.org/news/2019-06-hydrogen-natural-gas-hydrates-harvested-natural.html The research team of Professor Jae Woo Lee from the Department of Chemical and Biomolecular Engineering in collaboration with the Gwangju Institute of Science and Technology (GIST) demonstrated that the natural gas modulator based synthesis leads to significantly reduced synthesis pressure simultaneously with the formation of hydrogen clusters in the confined nanoporous cages of clathrate hydrates. This approach minimizes the environmental impact and reduces operation costs since clathrate hydrates do not generate any chemical waste in both the synthesis and decomposition processes.For the efficient storage and transportation of hydrogen, numerous materials have been investigated. Among others, clathrate hydrates offer distinct benefits. Clathrate hydrates are nanoporous inclusion compounds composed of a 3-D network of polyhedral cages made of hydrogen-bonded ‘host’ water molecules and captured ‘guest’ gas or liquid molecules.In this study, the research team used two gases, methane and ethane, which have lower equilibrium conditions compared to hydrogen as thermodynamic stabilizers. As a result, they succeeded in stably storing the hydrogen-natural gas compound in hydrates. According to the composition ratio of methane and ethane, structure I or II hydrates can be formed, both of which can stably store hydrogen-natural gas in low-pressure conditions. More information: Yun-Ho Ahn et al, One-step formation of hydrogen clusters in clathrate hydrates stabilized via natural gas blending, Energy Storage Materials (2019). DOI: 10.1016/j.ensm.2019.06.007 Provided by The Korea Advanced Institute of Science and Technology (KAIST) A hydrogen-natural gas blend (HNGB) can be a game changer only if it can be stored safely and used as a sustainable clean energy resource. A recent study has suggested a new strategy for stably storing hydrogen, using natural gas as a stabilizer. The research proposed a practical gas phase modulator based synthesis of HNGB without generating chemical waste after dissociation for the immediate service. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.