Video: No. 9 Notre Dame Avoided The Upset Against Virginia On A Stunning Last-Second TD

first_imgWill Fuler sprints past Virginia defender on his way to the end zone.Will FulerNo. 9 Notre Dame used some luck of the Irish to pull out a 34-27 victory over Virginia on the road. With starting quarterback Malik Zaire out of the game with what appeared to be a serious ankle injury, and his team trailing 27-26, back-up QB DeShone Kizer took the team downfield in the final minutes, tossing the game winning touchdown to wide receiver Will Fuller with 12 seconds remaining. Fuller’s game-winning score stunned the upset-minded Cavalier faithful.  pic.twitter.com/o92NxfHftl— Luke Zimmermann (@lukezim) September 12, 2015Wow. What a gut-wrenching loss for Mike London and the Cavs, and what an escape for Brian Kelly and the Fighting Irish.last_img read more

Canada trails Europe and US when adopting tech says Amazon Canada exec

first_imgTORONTO – Canadian businesses are slower to adopt new technology than their European and American counterparts, according to Canada’s head of Amazon Web Services.The e-commerce giant has noticed it takes more education and convincing to get Canadian firms to embrace the industry’s latest advancements, Eric Gales, country manager of Amazon’s cloud-computing subsidiary AWS told The Canadian Press.“The U.K. is very competitive because the whole country is just that much more dense, so that has a function in driving things like adoptions,” said Gales, who moved to Canada in 2006 from the U.K. and spent 13 years working for Microsoft before joining Amazon. “Here, we find adoption rates of new technologies are generally a bit slower.”He’s noticed that by the time a typical business in Canada adopts a product, the next version or feature with enhanced capabilities is already available because someone else pushed for it previously.The disparity stems in part from what Gales considers to be an “old model” of business, where quick adoption was mainly the privilege of companies who could afford to make large investments in platforms and features that would grow their business and help them beat competitors.As technology gets cheaper, more companies can afford to indulge in the latest gadgets and software, breaking down the gap between the “haves and have-nots.”But not all companies have seized the opportunity, so Gales said Amazon is “spending a lot of time and energy on helping customers appreciate what’s possible” and dispelling the “complicated” and “scary” reputation of artificial intelligence and machine learning.It takes more than just name-dropping big American or European brands that have latched onto new technology to get Canadian companies to follow suit, he added.“The customers I meet with want to know about Canadian examples (because) those Canadian examples generally act as the beacon, the signal that it’s okay to move forward.”That means he’s talking a lot about Vancouver-based athletic apparel company Lululemon, which adopted AWS products after finding its own system was too costly and slow. Similarly, National Bank of Canada’s global equity derivatives group looked to AWS when its hardware and databases couldn’t keep up with growth.Gales is not the first to assert that the Canadian business community’s adoption of technology can be slow.In April, a Dell and Intel-backed study from research firm PSB revealed 35 per cent of Canadians thought the technology they had at home was more advanced than what their office was outfitted with.Long before that, industries were bemoaning how the country constantly lags behind, but that isn’t the case in every sector, said Rafik Loutfy, director of Ryerson University’s Centre for Engineering Innovation and Entrepreneurship.Canada has been on track with financial technology, automotive, processing and aerospace technology, but retail hasn’t fared as well, he said.“Look what happened to Eatons and Sears (Canada),” Loutfy said of the chains that filed for bankruptcy, shuttering their department stores across Canada. “Both were slow to adopt e-commerce.”That same reluctance can trickle down to consumers, he said, noting that some Canadian start-ups struggle to find customers at home and have to resort to earning 80 to 90 per cent of their profits from American buyers.“We tend to be more conservative in Canada than in the U.S. and in England and then we fall behind and it costs us.”last_img read more

First Nations poised to challenge Nova Scotias marijuana monopoly

first_imgHALIFAX – Nova Scotia First Nations appear poised to take on the province’s marijuana monopoly — including one Mi’kmaq community that has enlisted Olympian Ross Rebagliati to roll out a “seed to sale” cannabis operation.Sipekne’katik First Nation in Indian Brook, N.S., has plans to grow cannabis and sell it directly to consumers, while Millbrook First Nation is considering retail locations, bypassing the provincial Crown corporation slated to control sales once the drug is legal on Oct. 17.The government says selling cannabis from a privately owned storefront will remain illegal in Nova Scotia, but Rebagliati argues that First Nations lands are federal jurisdiction and they are within their rights to set up dispensaries.The disagreement could set the stage for a potential constitutional showdown over cannabis sales.“This is precedent-setting,” Rebagliati, a gold-medal snowboarder, cannabis expert and entrepreneur said in an interview this week after his second visit to the Mi’kmaq community formerly called the Shubenacadie First Nation. “It’s rather unfortunate (the province) is taking that route.”Canada’s provinces and territories have opted for one of three retail models for over-the-counter cannabis sales: Private, public or a hybrid of the two.In Nova Scotia, sales will be government-controlled.“We have said all along that our approach to legalization is through a public health lens and that we will start well-regulated and tightly controlled,” a Department of Justice spokeswoman said in a statement.“At this time, we are not considering a retail model outside of the Nova Scotia Liquor Corporation.”The province’s stringent stance doesn’t appear to deter First Nations communities, with the Assembly of Nova Scotia Mi’kmaq Chiefs indicating it is exploring the economic opportunities of cannabis.Rebagliati said the Mi’kmaq community in Indian Brook has a strong plan, and he’s put together a “gold-medal team” to help them reach their goal.“The model is to go seed to sale and that boosts the margins quite substantially and gives them a competitive edge,” he said from B.C. “They came to me with their ideas and they are super progressive.“First Nations are looking for job opportunities and economic opportunities for their people, and this is a new industry that has a lot of those opportunities and potential for substantial financial gain.”Chief Bob Gloade of Millbrook First Nation said the community has invested in a cannabis company and is considering opening a storefront.“We’re focusing on the retail side of it going forward and we’re working on details in that respect,” he said, adding that for now the community isn’t considering launching its own production.“We’re still looking at a couple of years out before we’ll start seeing the benefits from an economic standpoint … but it will have a significant impact,” Gloade said.Sipekne’katik Chief Michael Sack did not respond to multiple requests for comment, but Rebagliati confirmed that he met with the community leader in March and again this week.Rebagliati founded Ross’ Gold, a medical marijuana business, in 2013. Earlier this year he launched LegacyRR, which focuses on growing cannabis and maintaining a healthy lifestyle.Although he said the details of an agreement between LegacyRR and the Sipene’katik First Nation are still being worked out, he said the Indigenous community’s dispensaries could be branded Mi’kmaq Legacy.McGill University constitutional law professor Mark Walters said the situation raises important and controversial legal and constitutional issues.“Legal conflicts on this point are bound to flare up in many places across Canada,” he said in an email, noting it appears many First Nations are making plans to grow and sell cannabis.Walters said it’s difficult to say whether provinces have the right to prevent First Nations from selling cannabis on reserve.He said the “orthodox” legal answer would be that provincial laws on cannabis sales will apply on reserves, unless a First Nation could show that regulating the sale of cannabis was a custom, practice or tradition integral to its distinctive culture, which might be extremely difficult to do.However, Walters said there’s a strong argument that federal law protects a much broader right to Aboriginal self-government than the courts have so far acknowledged.“There is considerable room here for an interpretation of the law that would acknowledge Indigenous rights of self-government over this issue,” he said.Wayne MacKay, professor emeritus of law at Dalhousie University, called it a “very complex” issue.He said one the strongest arguments for the Mi’kmaq community would be a treaty rights claim to a moderate livelihood under the Supreme Court’s Marshall decision.MacKay added that “the core of their argument would likely be the right of First Nations to manage their own resources as part of their constitutional rights to self government.”last_img read more

After warnings of underspending Liberals eye boosts to jobtraining programs

first_imgOTTAWA — Senior government officials have been warned that Canada was dangerously behind last year on spending to help workers improve their skills to stay employed.A January 2018 presentation to a group of deputy ministers noted government spending on active labour-market programs is about half the average of spending in a group of comparator countries.The committee of top-level public servants was told Canada would be less able to adapt to workforce shifts without a boost in spending.The Canadian Press obtained the documents under the federal access-to-information law.In a year-end interview, Social Development Minister Jean-Yves Duclos talked about the need to use publicly funded job-training programs as a way to get more people into the labour force to help reduce poverty and keep the economy growing.He says the federal government has a role to play in helping cash-strapped provinces pay for training programs, and ensure better information sharing between jurisdictions.The Canadian Presslast_img read more

Akshay defeated by woman officer in mock fight

first_imgNew Delhi: Ahead of the release of his film “Kesari”, actor Akshay Kumar visited a BSF camp and performed a mock fight with a woman officer here. Akshay on Tuesday took to Instagram and shared a video in which he can be seen engaged in a mock fight with a woman officer. The actor started the fight with some clever tricks but was quickly pinned to the ground by the officer. Appreciating the officer’s stint, Akshay wrote: “Woman strong, mother strong, sister strong, then country strong.” Akshay also posted a video in which he can be seen performing fake kickboxing with another woman officer. “Always treat to meet the jawans from BSF India. Their training, passion and enthusiasm is top-notch, always a learning experience,” Akshay captioned the video. “Kesari” is based on the 1897 Battle of Saragarhi, in which 21 Sikh soldiers of the British army fought 10,000 Afghan invaders. Directed by Anurag Singh, the film also stars actress Parineeti Chopra. It is due to release on Thursday.last_img read more

Art on the walls to ensure peaceful polls

first_imgKolkata: In a unique move some cartoonists in the city have come up with graffitis on the walls urging people to conduct peaceful elections.The initiative has been undertaken at a time when the political parties have occupied over most of the walls in the city to paint graffiti of their parties along with the symbol. The cartoonists some of whom are doctors, engineers and teachers approached the Sovabazar Burtola Durgotsav Committee and requested the authorities to provide a wall in Sovabazar area where they can paint cartoons to create awareness in people. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaA spokesman for the Durgotsav Committee said: ” Initially we got a shock as it was difficult to get walls at the time of general elections. However, we managed to finds some walls where the cartoonists came up with interesting graffiti on the elections. A spokesman for the cartoonists said: “Through the cartoons we have urged the people to vote peacefully. Election is a celebration in which people take part and exercise their franchise. Though the cartoons we have tried to make people aware of their Constitutional rights. We have not come up with any cartoon which will hurt the sentiment of any people or political Also Read – Bengal civic volunteer dies in road mishap on national highwayparty. As humour is a part of painting cartoons, there is an element of humour in our paintings.” In 1970s when Left Front came to power many cartoons had come up with paintings on the walls on key political issues like the Emergency. Along with the cartoons short rhymes were also written to promote the message in the paintings. But over the years, political cartoons have started disappearing. In 2019, the biggest problem faced by the political parties irrespective of colour is they are unable to get good wall graffiti artists. Most of the wall graffiti artists, who were whole timers in case of Left parties, have become old and young artists are a few in number. A senior Forward Bloc leader said: “The party had failed to get graffiti artists who could paint proper lions, which is the symbol of the party.”last_img read more

Lanka Catholic churches stop public mass for now

first_imgColombo: Sri Lanka’s Catholic churches on Thursday suspended all public services until the security situation improves as the head of the church urged politicians to leave aside differences to rebuild the country struck by the Easter Sunday bombings that killed nearly 360 people. Cardinal Malcolm Ranjith, the head of the local Catholic church, said that Easter Sunday’s attacks were coordinated by an organised group with powerful nations behind them and also noted that these attackers had no religion. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USAll Catholic churches were asked to stop public mass until the security situation improves, Cardinal Ranjith’s office quoted him as saying. “There will be no public mass said until further notice,” an official said. He urged the government to leave aside all political differences and work together at this time to rebuild the country again. Sri Lankan media and some ministers have criticised the rift between President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe after it emerged that authorities had prior intelligence from India and the US about the possible attacks by the National Tawheed Jamath (NTJ) jihadist group.last_img read more

Buckeyes seeking lucky No 7

Six years ago, the Ohio State Buckeyes were at the end of arguably their most disappointing season under coach Jim Tressel. Heading into the last week of the regular season, the Buckeyes were 6-4 and looking ahead to what would be the first non-January bowl game of the Tressel era. Then one game changed the outlook of not only the entire season, but also the entire OSU football program. On Nov. 20, 2004, the Buckeyes stunned the No. 7 Michigan Wolverines in Ohio Stadium behind 391 yards of total offense from quarterback Troy Smith. In one game, the Buckeyes went from a disappointing team that lacked an identity to a team with a quarterback of the future who provided them with just that. It was also the start of a streak of domination in the rivalry for the Buckeyes, who have won six straight contests against the Wolverines, outscoring them 181-101 in that stretch. Michigan coach Rich Rodriguez is hopeful that a win Saturday against the Buckeyes will provide a similar reversal of fortunes for the Wolverines. “It’d mean an awful lot, certainly for our fans and for our university, but more importantly for our seniors and our players because they haven’t had the chance to win that,” Rodriguez said. “We’ve got to perform better and get some wins to make us feel better and make our fans feel better.” In his first two seasons as Michigan’s coach, Rodriguez’s teams have lost 42-7 and 21-10 to the Buckeyes. This year’s Wolverine team is the most formidable — at least offensively — that Rodriguez will bring into “The Game.” Unlike Rodriguez’s first two seasons, Michigan’s offensive personnel now fit its spread scheme. The Wolverines have found success behind dual-threat quarterback Denard Robinson, an early-season Heisman candidate who fell out of contention because of injuries and a three-game losing streak in the middle of the season. Robinson has rushed for 1,538 yards and 14 touchdowns and has thrown for 2,229 yards, 16 touchdowns and 10 interceptions, leading the Wolverines to a 7-4 record that will land them in their first bowl game under Rodriguez. Tressel said Robinson’s ability to both run and throw the ball makes him difficult to prepare for. “It’s impossible to simulate him because there’s no one like him,” Tressel said. “It’s a tremendous challenge because it gives you all of the problems that a Wildcat offense gives you with a great running back back there. But along with it, it has all of the passing problems.” Robinson has played a critical role in Michigan’s offense, which is ranked 10th in the nation in rushing, with 257.4 yards per game, and 15th in the nation in points scored, with 36.8 points per game. Michigan’s defense has failed to find the same success that its offense has, as it is ranked 99th in the country in scoring, giving up 33.5 points per game. Despite the statistics, Robinson said he hasn’t lost confidence in his team’s defense. “I think our defense is one of the best defenses in the nation,” Robinson said. “I don’t care what nobody say. We play against them every day, and they help us get better.” Tressel agreed that the statistics don’t necessarily tell the tale of the Michigan defense. “They’ve given up too many big plays, but the thing I love about them is I see them flying around and I see a lot of young guys who aren’t young anymore,” Tressel said. The longest streak in the rivalry thus far came from 1901-1909, when the Wolverines got the better of the Buckeyes for nine straight years. A win on Saturday would move OSU two games away from matching that streak. “There’s been pressure every year. It’s something that comes with it,” OSU wide receiver Dane Sanzenbacher said. “Nobody wants to be the team that breaks the streak.” With a share of the Big Ten title and a potential sixth straight trip to a BCS bowl game still within grasp, the Buckeyes have more than just pride to play for. OSU defensive end Cameron Heyward said the Buckeyes understand the high stakes. “A lot. A share of the Big Ten title and our biggest rival,” Heyward said. “Michigan is always going to play their best against us. We wouldn’t have it any other way to go out against a quality opponent. It’ll be a rough one, but we’re ready for it.” Regardless of bowl game implications, the Buckeyes remain focused on extending their winning streak over the Wolverines to a lucky No. 7. “The Ohio State-Michigan game is the focus,” Tressel said. “There are tons of by-products for everybody, but the single most one everyone knows that’s ever coached or played at Ohio State is that you’re defined by your Ohio State-Michigan games.” read more

Former Buckeyes linebacker Tyler Moeller moves past pro football dream

Tyler Moeller still remembers No. 1 Ohio State and No. 2 Michigan’s 2006 battle in Ohio Stadium. He said he never imagined his college memories would be the last of his football career. “I just can’t forget my freshman year – the excitement of winning the game and everyone storming the field and taking the grass of the field because we were going to turf the next year,” Moeller said. “Thousands of people holding up big chunks of grass over their head like they just conquered the world.” The possibility of an NFL career for the former OSU safety and linebacker was taken from him after he was allegedly attacked at a bar while with his family in St. Petersburg, Fla., on July 26, 2009. He suffered a fractured skull and a serious brain injury. “It was hard for Tyler. He is so high-strung, so if he wasn’t out there playing, he didn’t feel like he was a part of the team. So really it was as much as us trying to get Tyler back just to be around his friends,” OSU defensive coordinator and linebackers coach Luke Fickell told The Lantern. “By nature, if he’s not playing, he doesn’t feel comfortable. I think that was most difficult.” Moeller returned for the 2010 season, but his troubles did not end there. Moeller suffered a pectoral injury five games into the 2010 season after already missing nearly two seasons. Fickell said Moeller was physically behind but mentally ready to start playing again. “I think that was the biggest thing, to see if he really, truly was back, because sometimes when you’re not being yourself, coming off of injuries of different sorts, you’re vulnerable to more injuries because you’re not playing like you normally do, puts you in almost more harm,” Fickell said. Moeller came back during the 2011 season for the Buckeyes and accumulated a total of 44 tackles and one interception. After the season, Moeller began training for the NFL Draft, but he ultimately accepted a medical sales position with VWR International, a chemical and laboratory supplier headquartered in Radnor, Pa., four weeks into the process. “It was one of the toughest decisions I have had to make because one, so many injuries, first with the head injury then the chest, my body physically was just a wreck. It’s still a wreck now,” Moeller said. “I feel fine now, but I don’t want that to affect me in 10 or 20 years and have it come back to haunt me.” Dr. Paul Gubanich is a team physician for OSU Sports Medicine and an assistant clinical professor of internal medicine at OSU. Gubanich previously worked with professional football players as a member of the Cleveland Browns’ medical staff from 2004-2010. Gubanich cited head injuries that players receive during their careers as a continuing issue throughout their retirement. “Right now, people are having issues down the road, consequences decades later,” Gubanich said. “There is evidence with athletes who have three or more concussions are likely to become depressed or suffer other cognitive problems. And there are retired NFL players that are looking at mental health diseases after playing.” Moeller said many wanted him to continue playing, but he knew it wasn’t what was best for his body. “It was junior year of high school, I knew I wanted to play for a big-time college, ” Moeller said. “In college, I wanted to do whatever I could do to get to the next level.” Moeller said that he is enjoying his life after OSU football. “Everything’s so convenient out here,” Moeller said. “I have a Whole Foods about 200 feet away from me, so everything is just so close.” Fickell said one of the hardest things for players is realizing when it’s time to move on, but seeing Moeller develop other interests while finishing his OSU career was the transformation he needed. “That’s the one thing you miss when you see guys transition from football to whatever you want to call the real world – moving on and changing what they have a passion for,” Fickell said. “Sometimes, guys are still holding on to the game of football – you saw Tyler transform and hopefully he’ll be successful because he is such a passionate person.” read more

Commentary Bengals looking to bounce back against the New England Patriots

Cincinnati Bengals wide receiver A.J. Green, right, is stopped after catching a pass for a short gain by Cleveland Browns defensive back Joe Haden at FirstEnergy Stadium Sunday, Sept. 29. The Browns won, 17-6.Credit: Courtesy of MCTThe Cincinnati Bengals return home to face the undefeated New England Patriots this Sunday in a game that has great implications.If the Bengals pull out the win, last week’s loss to the Cleveland Browns will be viewed as an anomaly. But with a loss and perhaps another weak outing by quarterback Andy Dalton, the Bengals may find themselves searching for ways to salvage their season.At home, the Bengals (2-2) are undefeated and performed much better against the pass than they have on the road. They have held Super Bowl-winning quarterbacks in check, forcing Green Bay Packers quarterback Aaron Rodgers into a two interception performance and limiting Ben Roethlisberger and the Steelers to 278 yards of total offense.Meanwhile on the road, Jay Cutler of the Chicago Bears and Brian Hoyer of the Browns were able to find the holes in Cincinnati’s secondary to help their respective teams win. Bengals fans can only hope that this pattern continues in week five when they face three-time Super Bowl winner Tom Brady.However, the Patriots, though undefeated, have question marks of their own. Brady began the season with a significantly inexperienced group of receivers who have struggled to stay on the same page as their quarterback. But the wide receivers have shown recent signs of improvement as both Kenbrell Thompkins (127 yards receiving) and Julian Edelman (118 yards receiving) had strong games last week against the Atlanta Falcons.On defense, New England must deal with the loss of defensive tackle Vince Wilfork who sustained a season-ending injury (achilles) against Atlanta. Wilfork is key to the Patriots’ ability to stop the run. Over the last five seasons, New England is ranked ninth against the rush with Wilfork on the field and dead last without him.But the Bengals cannot concern themselves with their opponents’ strengths and weaknesses at this point. They have the talent to beat almost any team in the league, as evidenced by their comeback victory over the Packers. But when they fail to execute on offense, they are capable of losing to any opponent, including a team depleted of its starting quarterback, just like the Browns.While Hoyer gave an inspired performance, Cincinnati’s lack of offense was the biggest factor in the loss. The Bengals converted only four of 14 third down attempts against Cleveland and gained only 16 first downs. Meanwhile, the Falcons lost to the Patriots in week four despite picking up 26 first downs. If offensive coordinator Jay Gruden cannot make the proper adjustments and Dalton continues to miss open receivers, the promise that surrounded the Bengals before the season will quickly vanish. read more

Football Ohio State adds 4star linebacker Javontae JeanBaptiste to 2018 recruiting class

Ohio State earned its second commitment on National Signing Day and its 26th member of the 2018 recruiting class with linebacker Javontae Jean-Baptiste.The four-star from Oradell, New Jersey, gives the Buckeyes their fourth linebacker in the class along with Dallas Gant, Teradja Mitchell and K’Vaughan Pope.Jean-Baptiste is currently ranked as the No. 219 overall recruit in the 2018 class, according to 247Sports composite. He is also the 16th-best linebacker and sixth-best recruit in the state.Ohio State only has one other current player on its roster from New Jersey, although that area has been a hotbed for recruits since Urban Meyer became head coach for the 2012 season.Jean-Baptiste was primarily recruited by safeties coach and defensive coordinator Greg Schiano, who told Bruce Feldman of FOX Sports that he will return to the Buckeyes in 2018 after being reportedly interested in the New England Patriots defensive coordinator job.Ohio State currently ranks behind Georgia as the No. 2 overall recruiting class.Correction: The original publication said Ohio State had the No. 1 overall 2018 recruiting class, where it in fact is ranked behind Georgia at No. 2. read more

Technology will be utilized in creating safer society – Charles Jr

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#Jamaica, September 30, 2017 – Kingston – Minister of State in the Ministry of National Security, Senator the Hon. Pearnel Charles Jr. says the Government will continue to utilize technological solutions as a key component in creating a safer society.    Mr. Charles was speaking at the opening ceremony for the United Nations Development Programme (UNDP) Social Good Summit at the University of Technology campus, Old Hope Road, St. Andrew, on September 28.“We have found ways to access and utilise technology to our benefit, particularly with regard to communication for prevention and public awareness through our website, through the Stay Alert Application and other mechanisms,” he said.Senator Charles highlighted other areas in which technology can be used to respond to crime.“Whether it is, perhaps, a digitised diary in the police station or some equipment that is used within the police vehicle, it is all around the aspect of better use of technology for the efficiency and effectiveness of how we are going to create a safer and more secure Jamaica,” he noted.The State Minister reiterated a call for persons to download and make use of the Ministry’s crime-fighting and safety software application, ‘Stay Alert’.   The app, which is a crime-fighting mechanism, has a panic mode that, when activated, sends an alert to the police that the user is in an emergency situation. It also facilitates reporting of incidents.The Stay Alert app includes alerts that provide users with the latest news, tips and updates from the police and other information from the police blotters; iReport, which allows users to anonymously upload video, audio, photo or messages about suspicious individuals or crimes; and the laws component, which provides snippets of Jamaican legislation.The Social Good Summit, a flagship annual global event of the UNDP, examines the impact of technology and new media on social good initiatives around the world.   The Summit unites a dynamic community of global leaders and grassroots activists to discuss solutions for the greatest challenges of our time.Release: BIS Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

Tempers Flare In Alaska Over Governors Oil Check Plan

first_imgFacebook0TwitterEmailPrintFriendly分享JUNEAU, Alaska (AP) — During Republican Mike Dunleavy’s successful run for governor last year, he offered few specifics for his vision of limited government but was clear that Alaska residents should get a full payout from the state’s oil-wealth fund. “Nothing should be off the table,” he said. The dividend provides a financial boost more critical for residents with lower incomes and those in high-cost rural areas. Checks have ranged from about $331 a person in the program’s early years to $2,072 in 2015, the year before it was capped. He’s faced criticism for participating in what some see as friendly venues, including events hosted by the limited government group Americans for Prosperity-Alaska, which asked people to register in advance and reserved the right to kick out anyone who was disruptive. Some of the gatherings drew protesters; police alleged one woman yelled at the governor in Nome and resisted their commands, but the prosecutor there declined to pursue charges. Jan MacClarence said she and her husband, who are in their 70s, are moving from a state-owned elder-care facility in Anchorage after 3½ years and into an apartment to avoid the budget stress. State officials have proposed rate increases of between 40% and nearly 140% for Pioneer Home residents to reflect costs of care, though they have said no one would be evicted or barred entry based on their ability to pay. Dunleavy argues the state must live within its means. He says spending is the problem, not the dividend, and sees revenue that would come from new or increased taxes as a pathway to more spending. Dunleavy is seeking constitutional changes that include a spending cap, giving voters a say on tax or dividend changes approved by lawmakers and giving the Legislature a say on tax-related voter initiatives. Key senators have begun kicking around the idea of a change in the dividend calculation. Lawmakers in recent years blew through billions of dollars in savings as they struggled to address the deficit. With savings dwindling and disagreement over taxes and continued cuts, they began tapping permanent fund earnings, typically used to pay dividends and fortify the nest-egg fund, to help pay for government last year. This created tension, with the decades-old dividend, widely considered an entitlement, seen as competing against other programs for funding. “The governor’s looking at any kind of pool of money he can try and grab, and it’s all going into this dividend promise that he made,” Kelty said. “I don’t think that’s right.” Dunleavy has proposed sweeping cuts, including potentially selling a state museum; idling Alaska’s ferry fleet while the future of that service, critical to many coastal communities, is debated; slashing health and social service programs; shifting costs to local governments; and cutting the University of Alaska system budget by an amount nearly equivalent to the cost of running two of its three flagship campuses. Roger Stone, a Dunleavy supporter from Ketchikan, doesn’t agree with everything Dunleavy proposed but sees his budget as a wake-up call that something’s got to give. Alaska has no personal income or state sales tax. He hasn’t said if he would accept a smaller dividend, or how heavily he’ll wield his veto power. He said he’s willing to use “every tool available to make sure we have our fiscal house in order.” But now that he’s governor, residents are learning what it will take to pay a full dividend, and many don’t like their options. A new law that seeks to limit what can be taken from fund earnings calls for a withdrawal of $2.9 billion for the coming budget year for both dividends and government expenses. Paying a full dividend for 2019 alone would take $1.9 billion. That doesn’t include any back-payment. Some see this as a manufactured crisis that doesn’t consider potential new or increased taxes and too highly prizes the annual checks over education and other government services.center_img Frank Kelty, the mayor of Unalaska, a community of about 4,300 along the far-flung Aleutian Islands that is home to one of the nation’s busiest fishing ports, likens Dunleavy’s quest to pay a full dividend to President Donald Trump’s push for a U.S.-Mexico border wall. “I think that they need to take a hard look at what’s really necessary in state government,” Stone said of lawmakers. Once that happens, he said he’s willing to have a lower dividend, seeing that as preferable to a sales or income tax. Dunleavy’s call for paying the full amount this year, around $3,000 each, plus what they missed out on the past three years, was a centerpiece of his campaign. The state wants to hire a consultant to recommend “reshaping” the system and reducing its costs. Dunleavy has expressed openness to keeping some runs going while that process plays out, but no boats are currently set to sail past Oct. 1. MacClarence said being on their own and using food delivery and personal care services as needed is better than worrying every year about what lawmakers might do. Former state Sen. Rick Halford unsuccessfully sued Walker for roughly halving the amount available for dividends in 2016 and agrees with Dunleavy’s effort to pay a full dividend. But he said it isn’t a full debate when options such as taxes on oil and other resources aren’t being considered. As lawmakers have held hearings around the state on Dunleavy’s budget proposals, the governor has begun traveling to make his case. The formula for calculating the amount residents receive from Alaska Permanent Fund earnings is set in state law, based on an average of the fund’s income over five years. Starting in 2016, former Gov. Bill Walker and the lawmakers capped the yearly dividend, at $1,022, $1,100 and $1,600. A full dividend this year would be roughly $2,900 to $3,100. Community meetings and some budget hearings held by lawmakers have drawn big crowds. Hundreds spoke against cuts to the ferry system, a thoroughfare for coastal communities not connected to the mainland road system. Lawmakers and Dunleavy’s predecessor kept the annual checks at $1,600 or less the past few years as they struggled to address a budget deficit that has persisted amid low to middling oil prices and is now estimated at $1.6 billion. Many residents of small southeast Alaska communities travel by ferry with their cars to the bigger city of Juneau to buy supplies at places like Costco, or fly there and take the ferry home. Walt Weller, the mayor of Pelican, a town of about 70 people 70 miles (113 kilometers) west of Juneau, called the ferry a lifeline. “When you’re out here at the end of everything — I mean no roads, float planes only — 100% weather-dependent, we’re pretty doggone dependent on that ferry,” Weller said. He acknowledges people choose to live there but said the ferries — even with limited runs — have helped make that possible. “To have people claim that they’re going to give everybody giant (dividend) checks and then rip our road out from underneath us is fairly upsetting,” he said.last_img read more

Three Kenai Peninsula Teachers Named BP Teachers of Excellence

first_imgFacebook0TwitterEmailPrintFriendly分享This year the BP Teachers of Excellence program recognized 21 Alaska teachers, among those are three Kenai Peninsula Borough School District teachers. Pegge Erkeneff, Communications Liaison for the Kenai Peninsula Borough School District: “The BP Teacher of Excellence program has been going on for many years in our state, and on the Kenai Peninsula we have so many amazing educators. BP likes to highlight the teachers and show what’s happening in our classrooms.”  BP Alaska President Janet Weiss: “These teachers represent the best of Alaska education, and it’s an honor to recognize them with this award. At BP, we’re proud to play a part in supporting their continued success and showing our ongoing commitment to the state and to creating the leaders of tomorrow.”  Winning teachers receive a $500 gift card and a $500 matching grant to their school. Teachers also receive a trip to Prudhoe Bay to learn about BP’s operations and paid admission for the Alaska Resource Education’s teacher course.center_img Julie Doepken, William H. Seward Elementary SchoolJennifer Hornung, Nikiski Middle/High SchoolWendy Todd, Paul Banks Elementary School All teachers and educational allies will be honored at an award ceremony in late April, where the statewide BP Teacher of the Year will be announced.last_img read more

Policy Bills Requirement for New Excess Capacity Study Appears to Be Delay

first_imgLanguage in the House version of the fiscal 2019 defense authorization bill requiring DOD to prepare a new, more detailed infrastructure assessment likely will do little to change lawmakers’ opposition to a new round of base closures, according to an op-ed in the Hill by Frederico Bartels, a policy analyst at the Heritage Foundation. If nothing else, the pending study, due in February 2020, will provide Congress an excuse to postpone a decision on the need for a new BRAC. And while the requirements for the new study will allow for a more up-to-date assessment, the result is unlikely to change significantly from excess capacity studies the department prepared in March 2016 and October 2017. “Lawmakers are once again changing the parameters, in the hopes they will be able to avoid a new round of BRAC,” Bartels stated.The provision’s requirement for DOD to identify installations with either a capacity shortfall or excess almost certainly will serve to trigger opposition to a new BRAC from lawmakers representing districts with bases cited in the study, he said. The lack of detail in DOD’s previous estimates of its excess infrastructure probably frustrated lawmakers but was needed to avoid signaling possible actions in a future BRAC round. The best way for Congress to learn more about the military’s excess capacity is to authorize a new round of base closures, Bartels emphasized.“As it stands, Section 2812 is a delay tactic dressed up as a robust data call. The Pentagon has excess infrastructure. Whether that excess accounts for 22 percent of its holdings, or 19 percent, or even just half of that is largely irrelevant for starting a new round of BRAC,” he stated.Don’t miss a panel discussion covering the trends, politics and policies that will define the year ahead on Wednesday, June 20 at the 2018 Defense Communities National Summit. Featured speakers include Bartels along with Blaise Misztal, director of national security at the Bipartisan Policy Center; Mackenzie Eaglen, resident fellow at the American Enterprise Institute; and Todd Harrison, director of defense budget analysis at the Center for Strategic and International Studies.Navy photo by Chief Photographer’s Mate Johnny Bivera Dan Cohen AUTHORlast_img read more

POLICE LOG for December 12 Road Rage Over Parking Spot Package Stolen

first_imgWILMINGTON, MA — Here are highlights from the Wilmington Police Log for Wednesday, December 12, 2018:A caller reported a female party in another vehicle blocked her car in and was yelling at her over a parking spot at Winchester Family Medical Center on Salem Street. Caller took child into building and call was dropped. Police responded. Caller checked OK. (9:56am)A Hopkins Street homeowner reported she had a UPS package taken yesterday. (10:59am)A Grove Avenue resident reported an ATM scam. (11:50am)A passerby reported a small animal on the ice or in the water close to the beach at Silver Lake. Police checked area and was unable to locate. (1:25pm)Sirius XM called in an SOS from a 2018 Grey Subaru Outback in town. Company was unable to make contact with vehicle owner. Dispatch made contact. No emergency. He was just seeing what the SOS button did. (4:17pm)Animal Control Officer removed a bat from an Ashwood Avenue house. (4:38pm)Police was on hand for the Board of Appeals Meeting at Town Hall, monitoring traffic. A male party was later escorted out by an officer for disruptive behavior. (7:12pm)(DISCLAIMER: This information is public information.  An arrest does not constitute a conviction.  Any arrested person is innocent until proven guilty.)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.Thank You To Our Sponsor:Share this:TwitterFacebookLike this:Like Loading… RelatedPOLICE LOG for July 27: OUI Arrest; Woman Brings Caged Bird To Town BeachIn “Police Log”POLICE LOG for August 18: 2 Vehicles With Same License Plate; Statue Missing From Wildwood CemeteryIn “Police Log”POLICE LOG for August 22: Evicted Tenant Leaves Behind Cat; Driver Issued Summons; Kids Playing Ding Dong DitchIn “Police Log”last_img read more

Mainul freed on bail

first_imgMainul Hosein. File PhotoFormer caretaker government adviser Mainul Hosein was released from jail on bail on Sunday night, 97 days after his arrest for making ‘offensive comment’ against journalist Masuda Bhatti, reports UNB.He was freed from the Bangabandhu Sheikh Mujib Medical University (BSMMU) prison cell around 9:00pm after his release order reached the jail authorities, said jailer Mahbubul Islam of Dhaka Central Jail at Keraniganj.On 13 January, the High Court granted bail to Mainul Hosein in 14 defamation cases for six months.On Thursday, the Appellate Division upheld the High Court order granting bail to him, paving the way for his release.A team of Detective Branch (DB) of police arrested Mainul from in front of Jatiya Samajtantrik Dal (JSD) president ASM Abdur Rob’s Uttara residence on 22 October last in a defamation case filed in Rangpur.Later, 22 cases—one under the Digital Security Act and 21 for defamation—were filed against Mainul for defaming journalist Masuda Bhatti in a television talk-show.Mainul who was connected to a talk-show ‘Ekattor Journal’ through videoconferencing aired on Ekattor TV hosted by Mithila Farzana made an ‘offensive comment’ against Masuda Bhatti on 16 October.During the talk-show, Masuda Bhatti asked Mainul, “You say that you’re in the Jatiya Oikya Front as a citizen of the country but in social networking sites, many people are saying that you’re there as a representative of Jamaat.”Angered with the comment, Mainul said, “I’m thanking you for your audacity and I want to believe you as ‘characterless’. There’s no question about Jamaat link’s with me and what question you have asked is an embarrassment for me.”last_img read more

Mays Brexit plan not welcome Johnson gaining ground

first_imgBoris Johnson waves as he leaves Downing Street in London, Britain, on 28 June 2018 — ReutersBritish prime minister Theresa May’s plans to leave the European Union are overwhelmingly opposed by the British public and more than a third of voters would support a new right-wing political party committed to quitting the bloc, according to a new poll.May’s political vulnerability was exposed by the survey which found voters would prefer Boris Johnson, who quit as her foreign minister two weeks ago, to negotiate with the EU and lead the Conservative Party into the next election.Only 16 per cent of voters say May is handling the Brexit negotiations well, compared with 34 per cent who say that Johnson would do a better job, according to the poll conducted by YouGov for The Sunday Times newspaper.With a little more than eight months to go before Britain is due to leave the EU on 29 March 2019, May’s government, parliament, the public and businesses remain deeply divided over what form Brexit should take.May’s plans to keep a close trading relationship with the EU on goods thrust her government into crisis this month and there is speculation she could face a leadership challenge after two of her most senior ministers, including Johnson, resigned in protest.Only one in 10 voters would pick the government’s proposed Brexit plans if there were a second referendum, according to the poll. Almost half think it would be bad for Britain.The new Brexit minister Dominic Raab said on Sunday the prime minister was still trying to persuade members of the cabinet that her strategy was the best way forward.Raab also warned that Britain could refuse to pay a 39 billion pound ($51 billion) divorce bill to the EU if it does not get a trade deal – a threat used before by ministers.NO DEAL BREXITSpeaking to the BBC, Raab refused to deny reports the government is planning to stockpile food or use a section of motorway in England as a lorry park to deal with increased border checks if Britain leaves the EU without a deal.Asked about a story in The Sun newspaper that the government was planning to stockpile processed food, Raab initially replied “no” and then added: “That kind of selective snippet that makes it into the media, to the extent that the public pay attention to it, I think is unhelpful.”The possibility of leaving without a trade deal has increased with May facing rebellions from different factions in her party. She only narrowly won a series of votes on Brexit in parliament last week.The Sunday Times poll found voters are increasingly polarized, with growing numbers of people alienated from the two main political parties.Thirty-eight percent of people would vote for a new right-wing party that is committed to Brexit, while almost a quarter would support an explicitly far-right anti-immigrant, anti-Islam party, the poll found.Brexit campaigner Nigel Farage and US president Donald Trump’s former adviser Steve Bannon are in discussions about forming a new right-wing movement, according to The Sunday Times.Half of voters would support remaining in the EU if there were a second referendum, the poll found, a level of support found in other surveys this year.YouGov spoke to 1,668 adults in Britain on 19 and 20 July, according to The Sunday Times, which did not provide other details about how the poll was conducted.UK to refuse Brexit bill without trade dealAFP reports from London: Britain will only pay its EU divorce bill if the bloc agrees the framework for a future trade deal, the new Brexit Secretary warned in an interview published Sunday.Dominic Raab, who replaced David Davis earlier this month after he quit the role in protest over the government’s Brexit strategy, said “some conditionality between the two” was needed.”Article 50 requires, as we negotiate the withdrawal agreement, that there’s a future framework for our new relationship going forward, so the two are linked,” Raab told the Sunday Telegraph, referring to the EU treaty mechanism used to trigger Brexit.”You can’t have one side fulfilling its side of the bargain and the other side not, or going slow, or failing to commit on its side.”Britain is set to leave the European Union on 30 March next year.The two sides want to strike an initial withdrawal agreement by late October, in order to give parliament enough time to endorse it, before reaching a broader deal on their future relationship.The British government has sent mixed signals so far on its divorce bill.Prime Minister Theresa May agreed in December to a financial settlement totalling £35 to £39 billion ($46-51 billion, 39-44 billion euros) that ministers said depended on agreeing future trade ties.But cabinet members have cast doubt on the position.Finance minister Philip Hammond said shortly afterwards he found it “inconceivable” Britain would not pay its bill, which he described as “not a credible scenario”.Raab met the EU’s top negotiator Michel Barnier for the first time this week and will return for further talks on Thursday.Following the meeting Barnier said the priority in talks should be on finalising the initial agreement.Meanwhile the European Commission, the EU’s executive arm, warned remaining member states and businesses to “step up preparations” for no deal.Raab told the BBC on Sunday the withdrawal agreement could be reached by October if the bloc matched Britain’s “energy, ambition and pragmatism”.But he reiterated it was also increasing no-deal planning.May’s blueprint for the future relationship, formally unveiled in early July, envisages a free trade area for goods through a “facilitated customs arrangement” alongside a “common rulebook” with the EU.It has faced severe criticism, including from within her own cabinet and Conservative Party, for keeping Britain too close to Europe.Former foreign secretary Boris Johnson and Davis both resigned in opposition.A new YouGov poll published by the Sunday Times showed just 12 per cent of people backed the proposals as “good” for Britain while 43 percent thought they were “bad”.Amid a growing backlash, 38 per cent of respondents said they would back a new right-wing party committed to Brexit.last_img read more

Man Charged with Threatening to Lynch Local NAACP President

first_imgThe Associated PressA 75-year-old Florida man has been charged with a hate crime after allegedly threatening to lynch the president of a local NAACP.Ronald Wadford was arrested Aug. 9 on two counts of aggravated stalking as a hate crime. Gainesville Police say he threatened to hang Evelyn Foxx who is the president of the Alachua County NAACP chapter.75-year-old Ronald Wadford (l) was arrested Aug. 9 for threatening to hang Evelyn Foxx (r), president of the Alachua County NAACP chapter. (Courtesy and Facebook Photos)Police say Wadford called Foxx six times in November 2016, saying he was with the Ku Klux Klan and was going to her house to lynch her.The Ocala Star-Banner reports she left the state to stay with family for weeks and eventually the country because she was afraid to go home.She went to Wadford’s first appearance in court Aug. 10 and says she’d like to ask him why and also tell him she loves him even though she said she could see bigotry in his eyes.last_img read more

Stock market network reveals investor clustering

first_img(Left) Clusters of investors detected in a statistically validated network. Each investor is represented by a node whose color indicates the investor’s category. The most common investor category is households (cyan). (Right) The same clusters with reduced node sizes to emphasize the links, whose colors indicate the type of co-occurrence. For example, magenta links indicate the buy-buy co-occurrence. Image credit: Michele Tumminello, et al. ©2012 IOP Publishing Ltd and Deutsche Physikalische Gesellschaft More information: Michele Tumminello, et al. “Identification of clusters of investors from their real trading activity in a financial market.” New Journal of Physics 14 (2012) 013041. DOI: 10.1088/1367-2630/14/1/013041 Copyright 2012 PhysOrg.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of PhysOrg.com. Citation: Stock market network reveals investor clustering (2012, January 27) retrieved 18 August 2019 from https://phys.org/news/2012-01-stock-network-reveals-investor-clustering.html Explore further Now in a new study, with access to a database of thousands of investors’ trading activity of Finnish stocks, researchers have developed a network that allows them to identify investor clustering, or groups of investors that trade in a similar way. Clustering, which can also be thought of as herding, may eventually lead to the identification of trading patterns and strategies that collectively determine stock price.The team of researchers, Michele Tumminello, Fabrizio Lillo, Jyrki Piilo, and Rosario N. Mantegna, working at Palermo University in Palermo, Italy; Carnegie Mellon in Pittsburgh, Pennsylvania; Scuola Normale Superiore di Pisa in Pisa, Italy; the Santa Fe Institute in Santa Fe, New Mexico; and the University of Turku in Turun yliopisto, Finland, have published their study on identifying investor clustering in a recent issue of the New Journal of Physics.Statistically significant similaritiesThe researchers gathered their data from a database that records the daily trading activity for almost all major publicly traded Finnish companies. Under a special agreement with Euroclear Finland, which maintains the database, the researchers were able to access data from 1995 to 2008. The researchers focused on the trading activity of just one stock, Nokia, for a five-year period between 1998 and 2003 in all financial markets where the company is listed. During this time, 164,000 investors made more than 18 million transactions of Nokia. However, the researchers considered only those investors who traded Nokia stock on at least 20 days during the time period, reducing the number of investors to 11,000. These investors were responsible for 99.83% of the exchanged volume. Comparison of two statistically validated networks, with the same nodes but different links between them. The network on the left produced more links, and sometimes different link types, than the network on the right due to different levels of specificity. Image credit: Michele Tumminello, et al. ©2012 IOP Publishing Ltd and Deutsche Physikalische Gesellschaft 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. Individual trading positively related to future returns Journal information: New Journal of Physics Using this data, the researchers then created a statistically validated bipartite network, a relatively new type of network. They began by building a bipartite system, which has two types of nodes: investors and trading days. The two node types can be connected by one of three link types: buy, sell, or both. For example, if investor 1 buys stock on day 1, then a buy link would connect those two nodes. Often there is no link between an investor and a trading day because the investor did not trade that day.In order to identify clusters of investors in this bipartite system, the researchers had to expand the system into a network of investors. Here, nodes only represent investors, and two investors can be connected by as many as nine different link types, since there are nine different combinations of two investors who each have three possible states. For example, one link type is when both investors buy on the same day, another is when both sell on the same day, another is when one buys and one sells, etc. Each link is weighted according to the number of days the two investors were described by the state characterizing that link. For example, when two investors are connected by a strongly weighted buy-buy link, it signifies that they both bought stock on the same days for many days.In order for the researchers to determine the similarity between two investors’ trading activities, they had to figure out just how strongly weighted a link has to be to indicate significant similarity. To do this, the researchers had to statistically validate each link against a suitable “null hypothesis,” which represents a default position, or statistical threshold where some similarity is expected. So when two investors’ trading activity is similar for more days than expected by the null hypothesis, the similarity rejects the null hypothesis and is statistically valid. There can be nine different types of these statistically valid similarities, or “co-occurrences,” as described above.Interpreting clustersWhen the researchers finished constructing this network (using two different statistical validation methods), the results showed that trading activity often occurs in clusters characterized by different types of co-occurrences. Both methods produced more than 300 clusters ranging in size from 2 investors to 500 investors in one method and 3,000 in the other. Within these clusters, investors traded in similar ways, with some clusters buying on the same days (buy-buy co-occurrence), some selling on the same days (sell-sell co-occurrence), and some doing both (combination buy-buy and sell-sell co-occurrence), etc. Interestingly, some clusters were dominated by investors belonging to specific categories. For example, household (individual) investors were over-expressed in a cluster characterized by buying on the same day, while financial and insurance corporations were over-expressed in a cluster characterized by selling on the same day.“I believe that the most interesting result is that in some clusters of investors we detect an over-representation of some types of investors – household, financial institution, etc. – belonging to it,” Mantegna told PhysOrg.com.The researchers also demonstrated that the statistically validated networks are not dependent on the length of the time period, and can be applied to shorter segments within the five-year period. They split this period into two segments: the bull period of 1998 to mid-2000 and the bear period of mid-2000 to 2003. Counterintuitively, both statistical methods identified a sell-sell co-occurrence in the bull period and a combination sell-sell and buy-buy co-occurrence in the bear period. This finding defies the intuitive expectation that the sell-sell co-occurrence should dominate the bear period more than the bull period.Applied to even shorter time periods, the more stringent of the two methods detected that trading activity changes in response to certain events. For example, trading activity increases after a stock splits and immediately after quarterly announcements. These observations can likely be attributed to the sensitivity of these statistically validated networks.“There are at least three main differences between our network and previous financial networks,” Mantegna said. “First of all, our network is the first one that has been proposed to describe the investment activity of single investors, including households, trading in a financial market. Second, our method is able to properly account for the heterogeneity of investors’ activity. In fact, differently from other approaches using correlation estimates among the inventory variation of single investors, our method works for single investors being active traders in a number of days ranging from 20 to 1,300, in other words a degree of heterogeneity of about two orders of magnitude in trading frequency. Finally our method is capable of detecting not only either correlation or anti-correlation between investors’ activity, but also mixed relationships between investors’ strategies, like for example a significant correlation of selling activity and, at the same time, a correlation of a day trading like buying and selling activity for the same pair of investors.”Overall, the results show that investors who are diverse in many ways still exhibit synchronized trading activity. In the future, the researchers plan to investigate the underlying causes of this synchronization, such as the use of similar strategies, influence from analysts, or communication among the investors themselves. The discoveries from such studies could lead to a better understanding of the dynamics of complex financial systems.“From our perspective, a key scientific question is whether an essential heterogeneity, or in other words an ecology of traders, is needed or not to observe an efficient price discovery process in financial markets,” Mantegna said. “In current economic theory, heterogeneity is summed up into a representative agent, but there is growing evidence that not all the heterogeneity can be reflected into the global action of a single rational agent.”Besides understanding markets on a large scale, this network could also have applications for investigating activity such as high-frequency trading with the potential to detect fraudulent patterns.“We have adapted this method to work at the level of a trade network of market members and/or single institutions trading at high frequency,” Mantegna said. “When high-frequency data are available, the method can identify regularities and patterns (not necessarily fraudulent behavior) in the high-frequency trading activity of market members and single investors. The method per se does not detect fraudulent trading activity but rather detects co-occurrences of trading activities in a robust statistical way. If there is a pattern of trading considered fraudulent by other means it might detect all the investors that have followed that pattern of trading irrespectively of their trading frequency (provided that it is not too low).” (PhysOrg.com) — The stock price of a company continuously changes, going up or down depending on the collective activity of a large number of investors. Although this process seems fairly straightforward, no one fully understands how this collective trading activity finds the “correct” price of a stock. Some theoretical models have been proposed to describe how different investment strategies affect price dynamics, but challenges such as investor confidentiality and complicated data mining make it difficult to gather empirical support for these models. Overall, the investors were extremely diverse in terms of their investment size, trading capabilities, etc. The researchers classified investors into six categories: households (individuals), non-financial corporations, financial and insurance corporations, governmental organizations, non-profits, and foreign organizations. The researchers also described each investor’s type of daily trading activity as one of three states: buying, selling, or both. last_img read more