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Gurbaksh Chahal - Successful Business Entrepreneur of USA
Source:  Newsvine
Monday, 29 May 2017 00:02

Gurbaksh Chahal was 3, his parents came to America because of instability in India and stayed with their friends in San Jose. Thereafter Gurbaksh went online and incorporated his company with the help of his brother. After three months, Gurbaksh had made $100,000 in revenue. He r …

Toyota Backs New Flying Car Project That Will Light Tokyo's Olympic Flame In 2020
Source:  Newsvine
Monday, 29 May 2017 00:02

Now comes news that a Japanese company is planning to create a flying car called Skydrive that will light the Olympic flame in Tokyo in 2020.

3D Architectural Rendering Services to Great Invention For Architectural Industry ?
Source:  prlog
Monday, 29 May 2017 00:02

3D Architectural Rendering Services has given great value in order to provide excellent visualization services. Most firms usually use this service in the pre visualization stage.

House prices in Australia's big cities fell again in May
Source:  business insider
Monday, 29 May 2017 00:00

Australian capital city house prices continued to weaken last week, according to data released by CoreLogic earlier today.

And once again it was driven by declines in Sydney and Melbourne, Australia's largest and most expensive housing markets.

Here's the group's latest results for last week, showing that weakness in Australia's two southeastern state capitals offset modest price increases in Brisbane, Adelaide and Perth.

After falling by 0.4% and 1% in the prior week, CoreLogic said prices declined by a further 0.1% and 0.5% in Sydney and Melbourne last week, extending the pullback seen in both cities over the past month to 1.3% and 1.8% respectively.

Given the sheer size of these housing markets, it left the weighted decline in Australia's mainland capitals over the past four weeks at 1.1%.

And with only a few days left in May, it suggests that a rare pullback in prices may be recorded nationally when the group releases its May report in just a few days time.

Previously prices across Australia's capitals grew by 0.1% in weighted terms in April, a far cry from the levels reported earlier this year when prices in Sydney and Melbourne were regularly recording monthly increases of 0.5% or more.

While this indicates that previous strong capital growth, along with measures introduced by Australia's banking regulator, APRA, to cool investor activity in Sydney and Melbourne may be succeeding in slowing market activity, it's not the first time that Australian house prices have recorded weakness during May.

Indeed, as seen in the chart below of CoreLogic's daily home value index, prices have regularly softened in May only to pick up again in the subsequent months.

The question many will be asking is whether this time is different -- will it be the start of a protracted moderation or will history repeat?

Certainly recent auction clearance rates don't point to much of a slowdown in Sydney and Melbourne, with CoreLogic reporting preliminary rates of 76.2% and 77.3% respectively last week.

While final auction clearance rates -- released on Thursday each week -- tend to be revised lower as tardy, often unsuccessful auction results, are reported to the group, even if they slide to the low 70% region as the past trend would suggest, that's still a level that has typically coincided with modest price growth, rather than price declines.

That suggests that the recent modest falls in Australia's largest housing markets may be due to statistical gremlins in the CoreLogic series, rather than actual price declines.

We'll have to wait to see what happens in June for further clarification on that front, but it's easy to understand why some might think this time is different.

Along with APRA's attempts to cool investor activity in Sydney and Melbourne -- previously favoured markets for this group -- there's been plenty of attention on house prices in Australia in recent months.

The Reserve Bank of Australia has stated concern on numerous occasions about the build-up in leverage in the housing market, fuelled by household debt rising faster than incomes in recent years.

Other groups, such as the OECD, have also shown concern about the housing market, suggesting in March this year that it is the biggest threat to Australia’s economy, warning that a price crash could balloon banks' loan losses and derail household consumption, the largest component within the Australian economy.

Throw in reports that some Chinese investors are struggling to settle on newly-built properties following a crackdown on capital outflows from Chinese regulators, and it's little wonder that sentiment towards the outlook for housing took a big hit this month, according to the latest Westpac-MI consumer sentiment report.

All of these have arrived in a relatively short period of time, and after years of strong house price gains, particularly in Australia's eastern capitals where prices have doubled from the levels seen at the start of 2009.

That, understandably, could have an impact on housing market activity, and all but ensures there'll be even more attention on housing market indicators in the months ahead, both from CoreLogic and other sources.

Read more posts on Business Insider Australia »


This 'Ball of the Century' was so ridiculous even the bowler looked ashamed
Source:  business insider
Monday, 29 May 2017 00:00

We're not sure who should be more red-faced - Somerset opener Dean Elgar or Hampshire spinner Mason Crane:

Unbelievable pic.twitter.com/Bbz3nyZc9g

— Somerset Cricket


Scientists are accidentally helping poachers drive rare species to extinction
Source:  business insider
Monday, 29 May 2017 00:00

If you open Google and start typing “Chinese cave gecko”, the text will auto-populate to “Chinese cave gecko for sale” – just US$150, with delivery. This extremely rare species is just one of an increasingly large number of animals being pushed to extinction in the wild by animal trafficking. The Conversation

What’s shocking is that the illegal trade in Chinese cave geckoes began so soon after they were first scientifically described in the early 2000s.

It’s not an isolated case; poachers are trawling scientific papers for information on the location and habits of new, rare species.

As we argue in an essay published today in Science, scientists may have to rethink how much information we publicly publish. Ironically, the principles of open access and transparency have led to the creation of detailed online databases that pose a very real threat to endangered species.

We have personally experienced this, in our research on the endangered pink-tailed worm-lizard, a startling creature that resembles a snake. Biologists working in New South Wales are required to provide location data on all species they discover during scientific surveys to an online wildlife atlas.

But after we published our data, the landowners with whom we worked began to find trespassers on their properties. The interlopers had scoured online wildlife atlases. As well as putting animals at risk, this undermines vital long-term relationships between researchers and landowners.

The illegal trade in wildlife has exploded online. Several recently described species have been devastated by poaching almost immediately after appearing in the scientific literature. Particularly at risk are animals with small geographic ranges and specialised habitats, which can be most easily pinpointed.

Poaching isn’t the only problem that is exacerbated by unrestricted access to information on rare and endangered species. Overzealous wildlife enthusiasts are increasingly scanning scientific papers, government and NGO reports, and wildlife atlases to track down unusual species to photograph or handle.

This can seriously disturb the animals, destroy specialised microhabitats, and spread disease. A striking example is the recent outbreak in Europe of a amphibian chytrid fungus, which essentially “eats” the skin of salamanders.

This pathogen was introduced from Asia through wildlife trade, and has already driven some fire salamander populations to extinction.

Rethinking unrestricted access

In an era when poachers can arm themselves with the latest scientific data, we must urgently rethink whether it is appropriate to put detailed location and habitat information into the public domain.

We argue that before publishing, scientists must ask themselves: will this information aid or harm conservation efforts? Is this species particularly vulnerable to disruption? Is it slow-growing and long-lived? Is it likely to be poached?

Fortunately, this calculus will only be relevant in a few cases. Researchers might feel an intellectual passion for the least lovable subjects, but when it comes to poaching, it is generally only charismatic and attractive animals that have broad commercial appeal.

But in high-risk cases, where economically valuable species lack adequate protection, scientists need to consider censoring themselves to avoid unintentionally contributing to species declines.

Restricting information on rare and endangered species has trade-offs, and might inhibit some conservation efforts. Yet, much useful information can still be openly published without including specific details that could help the nefarious (or misguided) to find a vulnerable species.

There are signs people are beginning to recognise this problem and adapt to it. For example, new species descriptions are now being published without location data or habitat descriptions.

Biologists can take a lesson from other fields such as palaeontology, where important fossil sites are often kept secret to avoid illegal collection. Similar practices are also common in archaeology.

Restricting the open publication of scientifically and socially important information brings its own challenges, and we don’t have all the answers. For example, the dilemma of organising secure databases to collate data on a global scale remains unresolved.

For the most part, the move towards making research freely available is positive; encouraging collaboration and driving new discoveries. But legal or academic requirements to publish location data may be dangerously out of step with real-life risks.

Biologists have a centuries-old tradition of publishing information on rare and endangered species. For much of this history it was an innocuous practice, but as the world changes, scientists must rethink old norms.

This article was originally published on The Conversation. Read the original article.

Read more posts on Business Insider Australia »


Traders continue to buy the euro and pound but they're deserting the Australian dollar
Source:  business insider
Monday, 29 May 2017 00:00

Currency traders continued to unwind bearish bets towards the euro and British pound last week, according to data released by the US Commodity Futures Trading Commission (CFTC) on Friday, seeing short positioning in both scaled back to just a fraction of the levels seen earlier this year.

But while traders continue to flock to the euro and pound, that same can't be said for the Australian dollar. Positioning in currency turned net short for the first time since January this year.

Those currencies on the nose only a few months ago are now in demand, while those that previously looked good are being ditched at a decent clip.

According to Khoon Goh and Rini Sen, currency strategists at ANZ Bank, most of the buying in the euro and pound last week came against the US dollar.

"Dollar selling was concentrated primarily against the EUR," the pair wrote in a note released on Monday.

"Funds reduced their overall net EUR short positions by $US3.5 billion to $US1.6 billion, the lowest since May 2014.

"This is the fifth consecutive week of EUR buying and if it continues, we could see leveraged funds turning net long EUR for the first time in three years."

This chart from ANZ shows net speculative positioning in the euro compared to movements in the EUR/USD. Both have clearly shifted higher in recent weeks.

It was a similar story for the pound, says Goh and Sen.

"For six straight weeks now, funds have been net buyers of GBP," they wrote. "Funds reduced their net short GBP positions by $US400 million to $US100 million.

The result left net short-positioning in the pound at the lowest level since June last year, before the UK Brexit referendum held on June 23.

However, given the recent price action in the pound, Goh and Sen suggest that buying may have slowed, or even reversed, late last week.

"A tightening up in the opinion polls showing the Conservatives’ lead over Labour is falling has weighed on GBP post the CFTC cut-off date, suggesting the six week run of net GBP buying could be coming to an end," they said.

Still, even if that's the case, short positioning in the GBP -- like the euro -- is now just a fraction of the levels it once was.

Outside of the major European currencies, the other story for the week perhaps came from the Australian dollar with net positioning turning short for the first time since January this year.

"AUD... saw net selling worth $US900 million," said Goh and Sen.

"This is the eighth consecutive week of AUD selling, resulting in leveraged funds holding net short positions for the first time since January this year."

Of the other commodity currencies, ANZ said that speculative short positions in the New Zealand dollar were scaled back by $US200 million to $US500 million while those in the Canadian dollar were essentially unchanged.

As this final chart from ANZ shows, the shift in speculative positioning across currency markets has changed substantially from what was reported just a few months ago.

Against the US dollar, short positions in the euro and pound -- shown in dark blue and yellow respectively -- are now near non-existent. On the other hand, positioning in commodity currencies and in the Japanese yen -- shown in grey and orange -- have switched from being long to being short, with the degree of bearish bets on each continuing to grow.

Net positioning is simply the sum of long and short options and futures positions in a particular currency reported by the CFTC. When net positioning is short it suggests the market, collectively, is looking for price weakness. Long positioning indicates that the opposite outcome is expected.

In order to determine speculative positioning in the data, ANZ uses non-commercial positions reported by the CFTC.

"Non-commercial traders’ positions are commonly seen as a proxy for leveraged positioning as they seek to profit from movements in the asset price as opposed to hedging business activities," the bank says.

And while these are only figures from the CFTC, changes in positioning in its data can be used as a rough guide to both investor sentiment and positioning across the broader currency market.

Read more posts on Business Insider Australia »


Navy SEAL Parachute Jumper Dies When Parachute Fails To Open Over Hudson River
Source:  inquisitr
Monday, 29 May 2017 00:00

Parachute jumper dies when chute doesn't open during Fleet Week

A Memorial Day Weekend exhibition as part of New York Harbor’s Fleet Week turned into horror show in the sky as a parachute jumper plummeted into the Hudson River when his chute failed to open. The jumper was a Navy SEAL who jumped from a helicopter on the New Jersey side of the Hudson River on Sunday.

According to NJ News, witnesses report that the parachutist looked as though he realized that he was in trouble and he aimed his landing toward the Hudson River by detaching his parachute. He landed in the Hudson River and was pulled out by rescue crews, who were already on the scene for the event. He was then transported to the shore, where an ambulance brought him to the Jersey City Medical Center.

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A Priest Explains Why the Church Is In Decline, The Doomed Feminism of Emma Watson, and More Links!
Source:  The Daily Register
Monday, 29 May 2017 00:00

By Tito Edwards | A Priest Explains the Hard Truth About Why the Church Is In Decline - Fr. Bill Peckman, ChurchPop The Doomed (and Destructive) Feminism of Emma Watson - Elizabeth Anderson, The...

‘Shameless’ Star, Emmy Rossum Tied The Knot With Sam Esmail, Creator Of ‘The Robot’
Source:  inquisitr
Sunday, 28 May 2017 23:58

sam esmail emmy rossum married

Emmy Rossum, who is famous for her role as Fiona Gallagher in the hit Showtime series, Shameless, tied the knot with Sam Esmail on May 28, 2017. Sam Esmail is the creator of The Robot and he also was the director of the movie Comet, which also starred his now wife, Emmy Rossum.

People reported that some of Sam Esmail and Emmy Rossum’s wedding guests included William H. Macy, Hilary Swank, Robert Downy Jr, Charly Chaikin and Rami Malek Christian.

On Friday, May 26, 2017, Emmy and Sam were having dinner in New York City with family and friends. Emmy Rossum looked beautiful and very happy in an exquisite red dress.

It had been two years since Sam Esmail proposed to Emmy Rossum in August of 2015. He had just directed her in the movie Comet, which is how they met. Emmy Rossum told E! News that she wasn’t in a rush to get married though. She said, “We’re just chilling for a hot minute.”

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