Bruised bullied Badgered Buckeyes return home battered

Not only did Ohio State leave Madison, Wis., emotionally scarred, suffering its first loss of the season Saturday, but the Buckeyes also left physically scarred, with fewer healthy bodies than when they arrived. OSU’s already-limited defense has become further depleted because of injury. Leaving possibly the biggest void in the OSU defense is the loss of senior linebacker and leading tackler Ross Homan. Coach Jim Tressel said Homan will likely miss the next couple of weeks because of a foot injury suffered at Wisconsin. Already plagued with injuries this year, the defensive backfield has taken another hit with the loss of Tyler Moeller’s replacement, Christian Bryant, who will be out for at least this week’s contest against Purdue. “He had an infection last week, and we thought we had it under control, and he played a little bit in the game, and then he had a not-very-good reaction to it on the plane ride back,” Tressel said. “He’s been over at Ohio State Medical Center trying to get it under control, and I don’t know all the whys and the wherefores and whatnot, but it doesn’t look like he’ll be out of there until late this week.” As far as who will step in during Bryant’s absence, Tressel said he wasn’t sure yet but suggested a few possibilities. “Without having sat in the defensive room and talked about it with them, you have a couple different ways you can go,” he said. “Jermale Hines has played a lot of nickel, which would probably put (Aaron) Gant in the game. Nate Oliver was your No. 2 nickel all spring and all season until he got hurt, and he’s back healthy … or you can do what Iowa does. Iowa plays nickel with their base people.” Also on the defensive side, linebacker Dorian Bell remains out after suffering a concussion against Indiana. No matter who is in there, Tressel expects them to perform. “We’ve got to have someone ready. That’s why you get to practice Tuesday, Wednesday, Thursday, and have walkthroughs on Friday,” he said. “If you want anyone to care that you’ve had three guys in your secondary hurt, you’re coaching the wrong sport at the wrong school because we’ve got to be ready.” Facing adversity Coming off its first loss in nearly a year, OSU is looking to pick up the pieces from its lackluster performance at Wisconsin last week, and Tressel said that loss will serve as a real test for his team. “We’ve always talked about leadership and maturity and that it’s not really tested until those adverse moments,” he said. “I think you’ll see a good demonstration of our level of maturity and leadership and so forth, and I have confidence we have the right kind of people.” With the loss behind them, the No. 10-ranked Buckeyes turn their sights to the conference-unbeaten Purdue Boilermakers. And although the Bucks once again find themselves attempting to bounce back from a difficult mid-season conference defeat, Tressel said that how his guys respond will say a lot about this team. “We told our guys countless times that there are 10 teams that want one thing for sure and that’s for Ohio State not to be the Big Ten champions, and that’s real,” Tressel said. “And now let’s see how you can handle it, and we’ll get a little glimpse of that at practice, but the real look at it will be Saturday and then the following Saturday and the following.” Continuing special teams woes After making strides in the right direction in recent weeks, OSU kick coverage took another step in the wrong direction at Wisconsin as the Badgers set the tone early, returning the opening kickoff 97 yards for a touchdown. “The bottom line is that when you’re covering kicks, there are no excuses,” Tressel said. “They don’t care if you get pushed in the back, grabbed, held, thought you should have gone around it, you thought the ball was going here or there. You have to fit. And just like when you’re playing defense, you have to fit. Kickoff, you have to fit from 70 yards away. Defense you have to fit from the line of scrimmage. We just didn’t fit.” Although the botched kickoff coverage is a point of concern for Tressel, he said it certainly did not cost his team the game. “Please don’t paint the picture that us having the kickoff taken back lost the game,” he said. “We still had 59 minutes and 48 seconds, so we had plenty of time to make up for that, but we’ve got to get better at that.” Defensive struggles The Badger ground game, at times, gave the Buckeyes fits. OSU allowed a 100-yard rushing performance for the first time in 29 games, as John Clay rushed for 104 yards. As questions continued to arise about OSU’s defensive performance, Tressel said the team’s depth at defensive line isn’t what it has been in recent years. “Are we as deep and can we rotate as much as when we had … (last year) you had Thaddeus (Gibson) and you had Lawrence Wilson, you had Doug Worthington, you had Todd Denlinger, you had Rob Rose?” Tressel said. “Those guys all were the rotators last year and they’re rotating elsewhere right now. But that’s where we are.” Despite lacking line depth, Tressel said the younger guys are continuing to come along, and his goal is for them to improve as the season progresses. Not the same Pryor OSU has become accustomed to Terrelle Pryor lighting up the score board, so the junior quarterback’s struggles Saturday seemed a bit uncharacteristic of his season thus far. And although there were passes Tressel said Pryor would probably like to have back, he was pleased with his signal caller’s effort. “I think he played extremely competitively,” Tressel said. “As far as competing and wanting to do anything he could do for the good of the team, he would have gone down to cover kickoffs if you let him, that’s just his nature. “I don’t know what else you can ask of a guy (except) to leave it on the field, and he left it on the field.” read more

Clippers win backandforth game against Louisville

The Columbus Clippers defeated the Louisville Bats, 4-3, in the second game of the four-game series Wednesday night at Huntington Park. Left fielder Jerad Head went 3-for-5, and hit the Clippers’ winning RBI. Head’s bat came on at the right time, having gone 1-for-4 in his the last game against Louisville. “That’s the type of player he is,” Manager Mike Sarbaugh said. “That’s why he has done so well here.” Alex White pitched for Columbus, going seven innings and allowing five hits, two runs, two errors. He struck out seven batter and walked none. Louisville used Dontrelle Willis, the two-time All-Star remembered for leading the Florida Marlins to the 2003 World Series title. Willis was on minor-league assignment after signing with the Cincinnati Reds before the 2011 season. The evening started out with a pitching duel for three scoreless innings. “You gotta give him credit,” Sarbaugh said. “He threw well.” Louisville was the first to erase its bagel on the board when designated hitter Yonder Alonso collided with Clippers catcher Luke Carlin at the plate after first baseman Daniel Dorn doubled, giving Louisville a 1-0 lead. Louisville extended its lead to 2-0 when third baseman Todd Frazier singled, brining in catcher Devin Mesoraco, who snuck under the tag at home. Willis laughed and joked with his teammates. He came into the game having pitched 12 scoreless innings on the year, and extended his streak to 17 before giving. In the bottom of the sixth inning, Chad Huffman, on his first pitch, blasted his first home run of the year. “It’s funny,” Sarbaugh said. “Luke Carlin said before we hit that home run, ‘Come on, we gotta give him at least one earned run for the season.’” Willis was then taken out of the game, having pitched five innings with six hits, one run, one error, two walks and four strikeouts. Columbus tied the game in the bottom of the seventh when Carlin’s center-field crack hit the yellow line on the wall. The Clippers took the lead in the bottom of the eighth when Carlin’s RBI double brought in designated hitter Luis Valbuena, making it a 3-2 Columbus lead. After pitcher Josh Judy went in for Columbus in the ninth, Dorn walked and then subbed out for infielder Michael Griffin to pinch run. Third baseman Todd Frazier singled, moving Griffin to third. Griffin then came home when second baseman Chris Valaika popped out, allowing Griffin to tag up and scoot home, tying the game, 3-3. Head’s moment came in the bottom of the ninth. With third baseman Lonnie Chisenhall on third with the bases loaded, Head crushed a ball over second base, giving Columbus the win. read more

Town Officials Brainstorm Ideas To Fix Emergency Vehicle Obstruction At N Wilmington Station

first_imgWILMINGTON, MA — Town Manager Jeff Hull updated the public on the town’s latest efforts to address the ongoing issue of trains stopping at the North Wilmington Commuter Rail station on Route 62 and blocking emergency vehicles en route to emergencies.Town officials, including Hull and Selectman Chair Kevin Caira, recently met with State Senator Bruce Tarr, State Representative David Robertson, and others to discuss the matter.Hull stressed the station’s ridership is extremely low, which is affecting MBTA’s desire to fix the situation.“On average, the number of riders inbound is 57 per day and outbound is 85 per day,” said Hull. “This colors MBTA’s approach to dealing to this. With ridership at those levels, I think there’s some trepidation about spending money on upgrades to that area.”Hull outlined two scenarios the town are currently exploring.“Right now, for every scheduled stop, the train does – in fact – come to a complete stop, even if people aren’t trying to onboard or offboard,” explained Hull. “The thought going forward is, when there’s no ridership at the station, for the train to continue to travel through at a slow rate, but not stop. This doesn’t solve the problem, but the train will be impeding travel for a shorter period of time.”Hull and officials are also looking into the Federal Transit Administration’s criteria that governs the requirements to making substantial upgrades when a platform is being redesigned. A redesigned platform could potentially allow trains to sometimes pull through without having to stop across Route 62.“There may be cases with stations like Wilmington’s where the ridership level is so low that there may be some limited upgrades that can be made without triggering a more expansive and expensive upgrade to the whole facility,” noted Hull.Wilmington’s legislative delegation at the State House will provide an update to the town in mid-February.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSELECTMEN NEWS: Town Comes Up With Fix For North Wilmington Commuter Rail StationIn “Government”THIS NEEDS TO STOP: Selectmen Outraged At MBTA As Trains Continue To Block Route 62 In N. WilmingtonIn “Government”SELECTMEN NEWS: Board Grapples With Whether To Eliminate 5 Daily Stops At N. Wilmington Commuter Rail StationIn “Government”last_img read more

Ford is investigating its US emissionscertification process

first_img Post a comment Share your voice 2020 BMW M340i review: A dash of M makes everything better 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Ford Preview • 2019 Ford Ranger: Bad mudder trucker News • 2019 Ford Ranger recalled for improperly assembled seatbelts 2019 Ford Ranger: It’s got the look More From Roadshow Fordcenter_img Tags More about 2019 Ford Ranger Car Industry Enlarge ImageFord is looking into the way it tests fuel economy for new vehicles, starting with the 2019 Ranger. Emme Hall/Roadshow Ford announced Thursday that it has opened an investigation into its process for certifying vehicles for US fuel-economy and emissions tests. Ford stresses that the investigation is not about the existence of “defeat devices,” as was the case in VW’s Dieselgate scandal. Rather, the automaker is looking into its road-load calculations.Road-load calculations are used for evaluating a vehicle’s rolling resistance and thus for configuring dynamometers used to test for fuel economy and emissions. Engineers can check the mathematical models used to create the road-load figures with coast-down tests, which involve checking how far and for how long a vehicle continues to coast in neutral.Ford does not believe thus far that any testing errors caused errors in terms of fuel-economy figures. “There’s been no determination that this affects Ford’s fuel economy labels or emissions certifications,” the company said in a statement.Ford opened the investigation after “a handful of employees” reported concerns about the tests in September. The automaker says it has hired an outside firm to investigate its road-load testing, as well as a lab that will conduct more coast-down tests. Moreover, the company is looking into “potential changes to our road-load modeling process.” Ford also voluntarily shared information on its investigation with the EPA and the California Air Resources Board.Ford is starting its review by evaluating how it tested the 2019 Ford Ranger, and says that it is also assessing some of its other vehicles.There’s some recent precedent for this type of investigation. In 2014, Hyundai and Kia paid a $100 million civil fine because they had miscalculated road-load data for as many as 1 million vehicles, resulting in incorrect fuel-economy ratings. 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 36 Photos Review • 2019 Ford Ranger review: A midsize truck champ 0last_img read more

Sculpting tradition in modernity

first_imgHis inspirations from his predecessors have kindled in him the spark of creativity, where rootedness to living tradition acted as a point of departure, which has ultimately brought him to the creation of a series of sculptures under the title ‘The Babu, the Nayika and the Cat’ based on the urban-folk forms of the paintings famously known as ‘Kalighat Pat’developed in 19th century Calcutta around the temple of Kalighat. This series was first exhibited at the Indian Art Fair 2012 held in Delhi. Also Read – ‘Playing Jojo was emotionally exhausting’The bronze and fibre-glass sculptures displayed in the present show posit all the characteristic and visual philosophy of his works mentioned above.The lyrical lines, the rhythmic volume, the concentrated mass emerging out towards the dynamic outward surface from the still central core, creating the negative space through synchronization of positive volume, the rhythmic distortion of mythical figures from naturalistic conventions – all these aesthetic attributes of his works postulate his position as a modern and modernist sculptor emanating traditionally oriented contemporary values. Also Read – Leslie doing new comedy special with NetflixApart from the bronzes of mythical and humanist subjects of his well known genre in this show there are six pieces of his Kalighat Pat based works, four of which are in coloured fibre glass and two in bronze.In developing these witty, humorous, lyrically rhythmic yet socially critical forms he has displayed a kind of post-modern values in the evaluation of a defunct tradition and using it to transpire some of the intrinsic features of contemporary life.last_img read more

Garments worth Rs 3 cr seized by customs

first_imgKolkata: Customs officials on Thursday seized garments worth Rs 3 crore after intercepting a trawler which attempted to smuggle out goods to Bangladesh through the Sunderban riverine route. An official said the department’s preventive and intelligence branch acted upon a report that fishing trawlers were being used to smuggle various goods to Bangladesh. “The route being taken by the smugglers was narrowed down to a specific area near Patharpratima zone in the Sunderbans,” said the official. Also Read – 3 injured, flight, train services hit as rains lash BengalActing on a tip-off, the department’s marine vessels with officers were deployed at Namkhana. They spotted the trawler early on Thursday. After being chased by customs’ officials for about 12 km, the trawler moved towards the right bank of Ramganga river and its crew jumped off it and ran away into the forest. “On a preliminary examination of the seized trawler, about 300 gunny bags containing garments worth Rs 3 crore were recovered,” official said. He said efforts were on to trace the owner and crew of the trawler.last_img read more

Almost a year ago I was criticised for pointing

first_img“Almost a year ago, I was criticised for pointing out that the progress of the North West Medical School would be hampered by the lack of government here. “Sadly, since that time, the DUP and Sinn Féin have failed to form a government and, in my opinion, are failing to make a meaningful effort to do so.“The need for this project is undeniable and it is urgent. “This year I anticipate that the locum bill for the Western Trust area will exceed £20 million. dupDurkan: Medical School set back disappointing but not surprisingFOYLE MLAMagee CampusMark H Durkanmedical schoolSDLPSinn Fein ShareTweet THE SDLP’s Mark H Durkan has expressed his disappointment that plans for the Medical School at the Magee Campus in Derry will be postponed. Mr Durkan added that although this is extremely disheartening it isn’t at all surprising giving the lack of Government here.The Foyle MLA said: “This setback is extremely disappointing and frustrating but it is not at all surprising. “This is directly attributable to the difficulty we have in attracting doctors who have been trained elsewhere to come here and settle here. “The establishment of a medical school here would solve this worsening situation and also play a pivotal role in the expansion of Magee and the regeneration of our local economy.“Every day we hear of people suffering and projects stalling as the result of us not having Ministers in place. This is just the latest example. “The DUP and Sinn Féin really do need to reassess their priorities and start putting people first,” added Mr Durkan.Durkan: Medical School set back disappointing but not surprising was last modified: November 8th, 2018 by John2John2 Tags:last_img read more

Oil has taken investors for a ride lately Its no

first_imgOil has taken investors for a ride lately.It’s no secret that commodities are volatile. They experience booms and busts.In a downturn, commodity prices can fall through the floor. During a boom, they can soar.After falling for almost two straight years, oil began a new bull market earlier this year. But it hasn’t gone straight up over the last few months.Just take a look at the chart below. You can see that oil has made five big moves since June. Again, this isn’t unheard of…but there’s a particular reason oil’s been trading wildly as of late.• The Organization of the Petroleum Exporting Countries (OPEC) isn’t working together…OPEC is a cartel of major oil-producing countries. It supplies about 40% of the world’s oil.For decades, OPEC set production limits to keep oil prices high. But it stopped doing that last December when it abandoned its production limit of 30 million barrels per day (bpd).Since then, it’s been every OPEC country for itself.Last month, Saudi Arabia, OPEC’s biggest producer, pumped a record amount of oil. Meanwhile, Iran and Iraq are in the process of ramping up production.In a way, pumping a lot of oil is good for these countries. It means they have more barrels of oil to sell. But OPEC is also flooding the global economy with oil. And that’s the main reason oil still trades for half of what it did two years ago.• OPEC made a deal to cut oil production on September 30…This helped the price of oil surge 20% in just four weeks.But OPEC didn’t actually make any cuts at this meeting. It plans to do that on November 30.There’s just one problem. Iraq, OPEC’s second-biggest producer, doesn’t want to cut production. As we explained in October, the entire agreement could fall apart if Iraq backs out.Concerns about the upcoming OPEC deal triggered oil’s most recent pullback.• Yesterday, investors got a reason to believe the OPEC deal will still happen…The Wall Street Journal reported yesterday:[T]he Organization of the Petroleum Exporting Countries reaffirmed its commitment to cutting output. OPEC Secretary-General Mohammed Barkindo said Monday that the cartel remains committed to the tentative accord the group reached in Algiers in September, and that Russia remains on board with the plan to limit output.Russia, the world’s biggest oil producer, is not part of OPEC. But, like many OPEC countries, Russia wants higher oil prices. That’s why it will join OPEC in Vienna on November 30. According to Bloomberg, Russia said it will freeze production for six months or longer “if OPEC reached an agreement first.”• The price of oil jumped 1.9% on the news…Still, we aren’t holding our breath for an OPEC deal.All year, OPEC’s been trying to either cap or cut its production. It’s done neither. Instead, it pumped a record amount of oil last month.Frankly, we’re not surprised OPEC can’t get on the same page. After all, these countries revolve around oil. If they produce less oil, their economies could have big problems.• No one knows what OPEC’s next move will be…If it cuts or even caps output, oil could rally.If it does nothing, the price of oil should stay where it’s at or head lower.In short, we don’t think you should make bets on what OPEC may or may not do. That’s basically speculation at this point.• But that doesn’t mean you should avoid oil stocks…Like it or not, the global economy still runs on oil. That tells us oil will eventually rebound.Also, many oil stocks are dirt-cheap today. Consider the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which tracks 60 U.S. oil companies. It’s trading 58% below its 2014 high…and that’s after rallying 51% since February.If you’re going to invest in oil stocks, stick with the strongest companies.We like companies with high-quality assets, strong balance sheets, and healthy profit margins.In March, Crisis Investing editor Nick Giambruno recommended a company that checks all these boxes. Before we tell you about this company, you need to understand something about Nick.He doesn’t invest like most investors.He doesn’t chase high-flying stocks. He likes to invest in industries and countries most investors won’t go near.According to Nick, this method can allow you to buy world-class businesses for bargain prices. Sometimes, you can even buy a dollar’s worth of assets for a dime or less. – The Saudis’ NEXT Big Move Could Tank the DollarThe Saudis are preparing for a major move, one bigger than the OPEC oil embargo of 1973. This time it has nothing to do with oil, but could turn the dollar to dust. And send gold surging to $5,000 and beyond. You have until December 31st to find out how to position yourself. Click here for the full story. Recommended Links ANNOUNCED: Switch To “World Money” Could Happen SoonerIf you’ve got any money at all in a U.S.-based savings account, please pay attention. On September 30, a brand-new kind of “world money” was released into the wild. Its purpose? Ultimately, it’s the currency that could replace the U.S. dollar. But now there’s been a NEW development… and it could dangerously accelerate this move out of the dollar. You need to take at least three protective steps before this happens. Find out what those steps are – and what this threat is – by clicking this link. • Earlier this year, the oil industry was one of the most hated markets on the planet…The price of oil was down more than 75% from its 2014 high. On February 11, the price of oil hit its lowest price since 2003.At the time, most investors wanted nothing to do with oil stocks…but Nick saw an opportunity.A month later, he recommended an oil stock to his readers. It was a bold investment…but it’s paid off.Nick’s oil stock is up 24% since March. You can see it’s also done well despite oil’s recent pullback.• Nick says this oil company has actually emerged from the oil downturn stronger…Nick explains:It’s no surprise at all that shares have remained resilient.This company’s focus during the oil downturn has been to increase efficiencies so that it can thrive in periods of low oil prices. This includes well completion technology, precision targeting, and cost reductions.According to Nick, these efforts have paid off big time:The company recently announced that it had increased the resource potential in its “premium locations” by over 75%. These are areas where it can earn at least a 30% rate of return at a $40/barrel oil price. At current drilling rates, that’s enough resources in premium locations to last the company more than a decade.In an industry that is struggling to survive, this company is a clear standout. It’s the best equipped to not only survive a prolonged period of lower oil prices, but deliver enormous profits when oil prices inevitably rebound.• Nick isn’t just making money for his readers in the beaten-down oil industry…His readers are also up 74% on a Ukrainian agricultural operator that he recommended in July.And they’re up 19% on an African beer and beverage company he recommended in April.You can learn more about these companies and Nick’s other crisis investments by signing up for Crisis Investing. But, before you do, check out this short presentation.This video explains why crisis investing is one of the most powerful ways to build wealth. As you’ll see, legendary investors John Templeton, Warren Buffett, and Casey Research founder Doug Casey used this same approach to build their fortunes.Click here to watch this FREE 15-minute video.How to Make a Fortune as $300 Billion in Corporate Debt ExplodesEditor’s note: Central bankers have gone off the rails trying to stimulate the global economy.They’ve cut interest rates more than 670 times and “printed” more than $12 trillion since 2008.These stimulus measures haven’t helped the economy. But they did encourage Corporate America to borrow giant sums of money. According to many key measures, corporate leverage is now dangerously high.Our friend Porter Stansberry, founder of Stansberry Research, thinks this is all going to end very badly. Most people won’t prepare for this. They’ll take heavy losses. But Porter and his team have put together a blockbuster trade that could turn this coming crisis into a huge money-making opportunity.A few shrewd investors made a similar trade during the last housing bubble. When housing prices crashed, they made billions. Porter says we’re looking at the same kind of opportunity right now.He explains why in the essay below. This essay originally ran on September 30, 2016, in The Stansberry Digest.From Porter Stansberry, founder, Stansberry Research***Recently, I told you a little about what I believe is the biggest and most important opportunity I’ve ever seen in my entire 20-year career.If you haven’t noticed, a historic mania has developed in the world’s bond markets. Central banks have pushed so much new money into bonds (in an effort to manipulate interest rates lower) that corporate bonds have begun trading with negative yields, meaning that corporations are now being paid to borrow.This, as you might realize, makes absolutely no sense. Sooner or later, it’s going to cause catastrophic problems with the world economy – perhaps even the collapse of the entire financial system.I hope you’ll print out today’s Digest, read it carefully, and continue to monitor a few of the data points I’ll detail below. What I’ve written here is a guide to understanding how this incredible global mania will end… and when.I’m also including a detailed description of what I’m calling the “Big Trade.” It’s a relatively simple way individual investors can create synthetic credit default swaps (CDS) on a few dozen of the world’s weakest corporate credits. Remember, CDS were the instruments that a few investors used to make billions of dollars when the mortgage bubble burst almost 10 years ago. And I think we’ll soon have another chance at those types of profits.***This morning, the European banking system moved one step closer to the brink…One of Europe’s largest banks, Deutsche Bank, is teetering on disaster… And German Chancellor Angela Merkel has said the country won’t provide a bailout. Meanwhile, Deutsche’s CEO John Cryan is blaming “speculators” – not shoddy lending and a stagnant economy – for the bank’s woes. He’s trying to reassure the bank’s 100,000 employees that Deutsche remains strong, despite its clients rushing to withdraw funds.***Deutsche has roughly $2 trillion in assets. That’s almost 11% of U.S. GDP. By this metric, that’s slightly larger than U.S. banks Wells Fargo, which has $1.9 trillion in assets, and Citigroup, which has $1.8 trillion in assets.But here’s the thing… Deutsche has a tangible common equity ratio of just 2.9%. That’s the bank’s tangible equity divided by its tangible assets. What this means is the bank can sustain losses of only 2.9% before its equity capital is wiped out. By comparison, Wells Fargo sits at 7.7%, while Citigroup shows 10.3%.According to the International Monetary Fund, Deutsche is the riskiest financial institution in the world… the “most important net contributor to [global] systemic risks.” But the problems don’t stop with Deutsche. The likelihood of a “Lehman moment” in Europe gets closer each day.***The European Central Bank estimates that European banks hold bad loans totaling nearly 1 trillion euros – that’s the equivalent of 9% of euro-area gross domestic product (GDP). Italy’s Banca Monte dei Paschi di Siena, the oldest bank in the world, needs to raise 5 billion euros of equity (on top of the 8 billion it has raised in the past few years) and dump 28 billion euros of bad debt. The bank is also considering encouraging its bondholders to swap debt for equity – essentially admitting default. Its shares are down 85% this year. Italy’s UniCredit is also doomed… As are banks like Banco Popular Español SA.***We could soon see the equivalent of a 2008 crisis in Europe. Rest assured, the financial problems coming to roost abroad will spark a global selloff in equities. Nothing will be spared (save gold and silver).Editor’s note: Porter is launching a brand-new service next week…Stansberry’s Big Trade will show you how to protect yourself and profit as the Fed’s latest bubble inevitably pops.In fact, Porter believes this is the single best opportunity for huge speculative gains he has ever seen in his career. He believes the gains could dwarf those subscribers made in the last crisis, when he famously predicted the demise of Fannie Mae and Freddie Mac, General Motors, and others.Porter will be hosting a live presentation on Wednesday, November 16, at 8 p.m. ET to explain it all…including exactly what happens next, and what you need to do to prepare.Access is free for readers, but this event is sure to fill up quickly. If you’re interested in attending, we urge you to sign up soon. Reserve your spot and make sure you receive important updates by clicking here. —last_img read more

Study Synthetic models can produce stress response similar to that of live

first_imgReviewed by James Ives, M.Psych. (Editor)Oct 5 2018A study from the University of Minnesota Combat Casualty Training Consortium shows no significant differences between the use of live tissue models and synthetic training models in the learners’ stress level. The study being presented at the CHEST Annual Meeting 2018 in San Antonio shows that similar stress levels can be reached in the learner while learning critical medical procedures with synthetic models. This type of simulation may be able to reduce the use of live animals for training without sacrificing educational quality.Researchers performed a randomized controlled study of 277 learners undergoing army combat simulation training and compared procedural training and assessment on a live tissue goat model versus the best-in-class synthetic training models. Participants were randomized twice, first to train on live or synthetic models, then to determine whether final assessment would be performed on live or synthetic models. Simulated procedures included hemorrhage control, needle thoracostomy, tube thoracostomy and cricothyrotomy. Physiologic stress responses of the medics were evaluated during the final assessment. Salivary amylase and cortisol levels were also used to assess stress response and were measured at baseline, t+5, 15, 25, 35, and 45 minutes post event start.Related StoriesStress-induced changes in heart rate may impair auditory perceptionStress during early pregnancy may reduce future fertility of offspringStudy explores the effects of near-miss experiences associated with 9/11 terrorist attacksNo significant differences were seen for peak stress response of salivary cortisol or amylase, regardless of LT or STM method for training or assessment. In addition, the stress response did not correlate significantly with total performance score.”High-fidelity simulation offers many advantages, including broad exposure to procedures, their complications and the opportunity for repetitious learning in a nonclinical setting,” says lead researcher Dr. Jonathan Keller. “The stress of learners undergoing simulation events is a growing field of interest. This study shows that synthetic models can produce a stress response equivalent to that of live tissue during simulation training.”Further results from these two studies will be shared at CHEST Annual Meeting 2018 in San Antonio on Wednesday, Oct. 10, 1:00 PM to 2:00 PM, at the Henry B. Gonzalez Convention Centre, Exhibit Hall. Source:http://www.chestnet.org/News/Press-Releases/2018/10/Syntheticlast_img read more

Teslas bad news accelerates as Wall Street loses faith

first_img Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of sometimes impulsive CEO Elon Musk.But around the middle of December, investors started having doubts about the former Wall Street darling’s prospects for continued growth, and the stock started a gyrating fall that was among the worst in company history.For the year, the share price is down around 40%, largely on concerns Tesla is running out of buyers for its vehicles, which range in price from a base $35,400 Model 3 to a larger Model X SUV that can run well over $130,000.Morgan Stanley analyst Adam Jonas, on a private call with investors this week, raised the possibility that Tesla would have to be restructured due to rising debt and falling sales. A leaked memo to employees from Musk that said sales were up stanched the stock’s bleeding, and no one is really certain about what’s next.Here’s a look at what has happened and what might be in the future for the electric car and solar panel company:____WHEN DID TESLA’S STOCK START FALLING AND WHY?A downhill snowball of bad news eclipsed anything good Tesla did, and raised investor doubt about whether there are enough buyers left who want and can afford Tesla vehicles. Throw in a little bit of erratic behavior from Musk as well.Just before Tesla stock hit a late-year peak on Dec. 13, Musk did a weekend interview with CBS’ 60 Minutes that escalated a spat with securities regulators over his tweeting out company information. This time, he said it was unrealistic to think Tesla’s new chairwoman could control his behavior because he’s the largest shareholder. It came after Musk and Tesla each paid $20 million in fines in an October settlement with the U.S. Securities and Exchange Commission over ill-advised tweets.____WHAT ELSE HAPPENED?Just after the new year began, Tesla announced record fourth quarter sales that fell short of Wall Street expectations. The company also cut prices by $2,000 per vehicle to offset the phase-out of a $7,500 federal tax credit for Tesla. That increased doubts about future sales. Then Tesla eked out a small fourth-quarter profit that also disappointed investors. © 2019 The Associated Press. All rights reserved. Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. The snowball picked up momentum in February when Musk announced he would close most company stores and fill orders online. He also walked back his prediction of sustained quarterly profits, predicting a first quarter loss. When January-through-March sales figures came out, investors were disappointed again. The company had only 63,000 deliveries, down 31% from the fourth quarter.Musk later introduced the Model Y midsize SUV, but gave few details. Investors were nonplussed. Then came a conference call to announce fully self-driving cars by sometime next year, an announcement widely criticized by experts as unrealistic. The stock slump continued. With sales down, Tesla posted a larger-than-expected $702 million first-quarter loss in April, and Musk warned it wouldn’t be profitable in the second quarter either.In May, Tesla sold stock and notes that yielded $2.3 billion, increasing debt. Along the way, the SEC asked a judge to find Musk in contempt for tweets about vehicle production, a spat that was later settled. Also throw in reports of a leaked email last week from Musk to employees saying at the current cash burn rate, Tesla would go broke in 10 months.____WHAT HAPPENS NEXT?It all depends on whether Tesla can produce enough cars at its Fremont, California, factory and whether people keep buying them. Musk’s memo from Wednesday said the company has 50,000 net new orders this quarter and it could pass record deliveries of more than 90,000 in the fourth quarter of last year. That could generate enough cash to reverse the company’s fortunes. But many analysts are skeptical. Morgan Stanley’s Jonas didn’t think sales would be that strong.”We see shares continuing to trade lower on a lack of near-term catalysts and likely cut to vehicle sales guidance,” CFRA analyst Garrett Nelson wrote in a note to investors Thursday. He cut his one-year stock price target $50 to $150.Senior Analyst Jessica Caldwell of Edmunds, which provides content to The Associated Press, said Tesla has an uphill climb.”There doesn’t appear to be anything in the (product) pipeline that is going to save them,” she said. “Now Tesla seems to be losing the confidence of its biggest cheerleader, Wall Street.” 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. This July 8, 2018 photo shows Tesla 2018 Model 3 sedans sit on display outside a Tesla showroom in Littleton, Colo. Late last year, Tesla Inc. was fully charged and cruising down the highway on Autopilot. Shares were trading above $370 each, sales of the Model 3 small electric car were strong and the company had appointed a new board chair to rein in the antics of CEO Elon Musk. But around the middle of December 2018, investors started having doubts about the Wall Street darling’s prospects for continued growth. The stock started a gyrating fall that was among the worst in company history. (AP Photo/David Zalubowsi, File) Tesla shares recover after analyst’s prediction of trouble Citation: Tesla’s bad news accelerates as Wall Street loses faith (2019, May 24) retrieved 17 July 2019 from https://phys.org/news/2019-05-tesla-bad-news-wall-street.html Explore furtherlast_img read more