You believe your product is to blame for poor sales. Or maybe you believe it is your pricing or your irrational competitor. But isn’t any of those things. It’s how you sell.
Read Next Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. LATEST STORIES QC cops nab robbery gang leader, cohort Stronger peso trims PH debt value to P7.9 trillion And with that being said, here are INQUIRER’s keys to victory for this year’s UAAP Finals.Share the orangeRoster-wise, La Salle has arguably the better bunch.Ateneo, though, moves the ball better than the Green Archers with the Blue Eagles racking up an average of 17 assists in their previous two meetings.The Green Archers registered just 11.5 assists in the two elimination games played against Ateneo.ADVERTISEMENT Chot Reyes gets back at old foe MOST READ And those are the intangibles.Ateneo has a bone to pick with La Salle and not just because the two schools are archrivals in basketball.The Green Archers are the ones who derailed the Blue Eagles’ potential sweep of Season 80 and Ateneo still wants revenge from its Finals mishap in Season 79.La Salle, meanwhile, are hell-bent on taking its second straight title and prove that it’s still the ruling party despite having a worse eliminations record than Ateneo. Japan ex-PM Nakasone who boosted ties with US dies at 101 Kammuri turning to super typhoon less likely but possible — Pagasa Brace for potentially devastating typhoon approaching PH – NDRRMC CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Trending Articles PLAY LIST 00:50Trending Articles00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Both teams got one win each in the eliminations against each other but expect the Blue Eagles to veer away from isolation sets in order to counter the Green Archers’ sheer physical might.And speaking of physical might…Power!There’s no question that Ben Mbala is the most dominating player in the UAAP for the past two seasons and his two MVP trophies attest to that.Mbala averaged 23 points, 16 rebounds, and 3.5 blocks against the Blue Eagles in the eliminations and quite frankly nobody on that Ateneo roster can stop the big man one-on-one.La Salle can afford to just throw the ball down to Mbala and leave him to work out against Ateneo’s defense, which usually gives him double and sometimes triple teams.When that happens, Mbala has the luxury of finding four open shooters or sometimes one big man open inside.Big men can shootThere was a time in the first round that Mbala fell in love with shooting the triple but against Ateneo he came away with four blanks.Ateneo’s bigs, however, have started to get comfortable with the long ball and Isaac Go, Chibueze Ikeh, and Vince Tolentino showed that in the Final Four against Far Eastern University. It’s that time of the year once more when families flock outside wearing matching-colored t-shirts as they catch-up with other families who are wearing the same clothes as they do.ADVERTISEMENT View comments Kris Aquino ‘pretty chill about becoming irrelevant’ Mom and dad jump in jubilation and the kids cheer with joy in their smiles and happiness in their eyes.Oh, this is not Christmas. It’s the UAAP Finals and it’s Ateneo vs. La Salle.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutThe most ballyhooed rivalry in all of Philippine sports, the Blue Eagles face off against the Green Archers for the sixth time in the championship round and both teams have something to prove.La Salle wants to get its second straight title while Ateneo want to avenge its loss in Season 79. The Blue Eagle trio went a collective 5-of-12 from deep in Ateneo’s 88-84 win over the Tamaraws with Go getting owning three of those conversions.Go also proved that he can shoot the three in dire situations when he sent the game to overtime with a clutch triple.Ateneo’s newfound three-point touch can spell trouble for La Salle as it will force the likes of Mbala, Santi Santillan, and Justine Baltazar to close out in the perimeter leaving the paint open to cuts and drives.Press it and push itBoth teams have shown they can pressure the ball for the full 94 feet of the basketball floor and run it off for easy scoring opportunities.The Green Archers have the Mayhem defense while the Blue Eagles have whatever they call their pestering scheme.Ateneo has the slight edge in turnovers and points off turnovers in the two previous meetings against La Salle with the Blue Eagles turning the ball over 16.5 times while the Green Archers gave the rock away an average of 19.5 times.The Blue Eagles are also more adept at scoring quickly off their opponent’s miscues with 16.5 points off turnovers while the Green Archers are at 13 points.The unseen statsSure the stat sheets show just how much the two teams play, but there are far many aspects of the game that those legal-sized papers don’t show.
Transfers Lewandowski told to focus on Bayern amid Real Madrid links Alex Fisher 21:42 3/2/18 FacebookTwitterRedditcopy Comments(0) Bongarts Transfers Real Madrid Freiburg v Bayern München Bayern München Bundesliga Robert Lewandowski Jupp Heynckes is unaware of any interest in his striker, but feels the Poland international is already at the ‘summit’ Robert Lewandowski has been urged to focus on Bayern Munich by coach Jupp Heynckes amid reports of a move to Real Madrid at the end of the season.Lewandowski’s future at Bayern has been the focus of speculation in recent weeks after he appointed Pini Zahavi as his new representative.Zahavi’s reported involvement in brokering Neymar’s world-record move from Barcelona to Paris Saint-Germain last year added fuel to the reports that the Poland international wants to leave the Allianz Arena. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Madrid have been heavily linked with the striker after a disappointing La Liga campaign in which Karim Benzema has only managed four league goals in 20 appearances.However, with Bayern looking to win a domestic and European treble this season, Heynckes is keen for the 29-year-old’s head not to be turned.”Lewandowski would be well advised to focus on Bayern,” Heynckes said of the forward who has 20 Bundesliga goals this season.”He is internationally one of the best players in his position. Bayern Munich is something very special at European level. “I do not know if that [a move to Madrid] is speculation or dreams. I have no information about that.”If I were a player, I would always decide for Bayern. Bayern is the summit.”
Officials from the 33 Food and Agriculture Organization (FAO) member nations across the Americas will converge in Montego Bay, St. James, from March 5 to 8 for the 35th Session of the FAO Regional Conference for Latin America and the Caribbean.The event will take place at the Montego Bay Conference Centre in Rose Hall.The three-day meeting is expected to attract ministers of agriculture, social development, education, health and environment and other high-level officials to discuss challenges and priority matters related to food and agriculture.It will focus on four main areas – eradicating hunger, overweight and obesity; ending rural poverty; promoting climate resilient and sustainable agriculture; and creating a new FAO to move towards achieving the Sustainable Development Goals (SDGs).Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Karl Samuda said that Jamaica is happy to be hosting the regional conference.“I think this is a signal honour to Jamaica, because Jamaica is on the right path, and we have the measures that are important to move agriculture forward in our entire region,” he said.“We welcome this opportunity, and we look forward to this tremendous exchange where the conference will give all of our colleague agricultural ministers and other very distinguished people from the Caribbean and Latin American region the opportunity to put on the agenda the concerns that they have, the ways in which they are approaching them, the strategies they think can assist, and the extent to which the FAO can be of help,” he added.FAO Representative for Jamaica, The Bahamas and Belize, Dr. Gillian Smith, said that this year’s staging is particularly important, because the region is at a crossroads in terms of food security.Information provided by the FAO indicates that hunger has risen in Latin America and the Caribbean for the first time in decades, reaching 42.5 million, while obesity affects 96 million people.Dr. Smith said that in addition to the rise in hunger and chronic non-communicable diseases, “climate change is affecting and exacerbating the issues that are related to our agricultural productivity and our production, and affecting the diversity of rural livelihoods that are available to our people”.She noted that the organisation remains committed to collaborating with the people and the Government of Jamaica “to address fundamental issues relating to the country’s national development in the areas of food and nutrition, agriculture, rural development, fisheries, forestry, decent employment and social protection”. It will focus on four main areas – eradicating hunger, overweight and obesity; ending rural poverty; promoting climate resilient and sustainable agriculture; and creating a new FAO to move towards achieving the Sustainable Development Goals (SDGs). The three-day meeting is expected to attract ministers of agriculture, social development, education, health and environment and other high-level officials to discuss challenges and priority matters related to food and agriculture. Story Highlights Officials from the 33 Food and Agriculture Organization (FAO) member nations across the Americas will converge in Montego Bay, St. James, from March 5 to 8 for the 35th Session of the FAO Regional Conference for Latin America and the Caribbean.
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.
France captain Hugo Lloris believes that the quality within the national team is “explosive” ahead of the World CupLes Bleus head to Russia aiming to win their first World Cup title in two decades, where head coach Didier Deschamps himself captained the side to glory at home soil.France boasts the likes of Antoine Griezmann, Paul Pogba and Ousmane Dembele in their ranks this summer and Lloris is confident that they can prove themselves to be a serious threat for favourites Spain and Germany.“I don’t think the French players have the same DNA as the Spanish, the quality of France is that we can be explosive,” he told Marca.“The Spanish and German teams like to have more possession and take their time to create, we can counter-attack at a frightening speed.“We must be ready to suffer in difficult moments, because that’s where we have to be strong as a team and then take our chances to score.”Expectations are high within the French camp, but Lloris would prefer to take things one step at a time and focus on progressing through the group stages first.Report: Euro 2020 qualifying Group H George Patchias – September 11, 2019 Euro 2020 qualifying Group H is being controlled by France and Turkey, but Iceland is still in with a shout.Reigning world champions France ran…“Before looking to the final, you have to focus on the group,” confirmed Lloris.“The danger is to believe that things are going to be easy, we know that at this level every match will be complicated.”You can only be focused on the present, but we do have potential and quality.”The 31-year-old believes that the role of a captain has changed over the years and feels that the most important thing is to be firm in your convictions.“There are different ways of being a captain, it depends on your character,” he said.“Maybe 20 years ago the captain would have made more noise in the dressing room, today there are other ways.“The most important thing is to be firm in your convictions and be respected by the coach and your teammates, I’m aware of my responsibility.”
Chelsea’s patience with Alvaro Morata appears to be waning with the club reportedly considering using him in a swap deal involving AC Milan goalkeeper Gianluigi Donnarumma, claims Corriere Dello SportThe Spaniard was signed by Chelsea last summer from Real Madrid for £57m as the replacement for their main forward Diego Costa, who officially rejoined Atletico Madrid in January.After a promising start to life at Stamford Bridge for Morata with seven goals in his first eight games for Chelsea, the 25-year-old’s form quickly faded and he only managed to find the back of the net a further eight times in his next 39 appearances.Morata has now been linked with a return to Juventus this summer, but it is Milan who have emerged as the front-runners for his services.Chelsea hat-trick hero Tammy Abraham hopes for more Andrew Smyth – September 14, 2019 Tammy Abraham hopes this season will be his big breakthrough at Chelsea after firing his first hat-trick for the club in Saturday’s 5-2 win at Wolves.The Rossoneri have offered to exchange their teenage goalkeeper Donnarumma for Morata, which is believed to have captured Chelsea’s interest due to the growing uncertainty surrounding Thibaut Courtois’ future.The Belgium international has been heavily linked with a move to Real Madrid this summer and previously spoke of his desire to leave for Spanish capital at some point in the future to be near to his two young children.Courtois has just a year remaining on his contract at Chelsea and the London club may be tempted to sign Donnarumma as a potential replacement.The 19-year-old has been touted as one most promising young goalkeepers in Europe and could become a solid long-term replacement for Courtois.
Facebook0TwitterEmailPrintFriendly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. 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.
• Mercedes-Benz EQV concept electrifies the humble van We’ll start with the most important part, the powertrain. The EQV is front-wheel drive, containing all its motive-force bits in the front end. Its electric motor puts out 201 horsepower, and it’s combined into a single unit with the transmission, cooling system and power electronics. Juice comes from a 100-kWh lithium-ion battery, which gives the EQV a range of about 249 miles and a top speed of 99 miles per hour. With fast charging, it can add about 62 miles of range in 15 minutes or so.Enlarge ImageThe best electric vehicles don’t look all that different from today’s cars, and the EQV fits that bill to a T. Andrew Hoyle/CNET From an aesthetics standpoint, the EQV looks very close to the Mercedes V-Class that debuted at the end of January. There are a few touches to let you know it’s electric, like a sleeker grille and headlight combination, as well as some unique alloy wheels with blue accents, but it’s largely the same on the outside as the V-Class. The EQV’s interior is just a bit fancier, with blue and rose-gold elements all over the place. The Nappa leather appointments are obviously more suited to the EQV as a passenger vehicle, but odds are that there will be a stripped-down commercial version that can take a little more abuse, too.While the production EQV will likely arrive within the next year or so, Mercedes-Benz has bigger plans beyond that. The automaker hopes to electrify its entire portfolio — that is to say, it will offer at least one electrified variant of all its models — by 2022. The future is electric, but it seems Mercedes-Benz doesn’t want to wait until the absolute last minute to hop on the bandwagon. 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Mar 8 • VW is still ‘100 percent’ investigating a pickup truck for the US 2020 BMW M340i review: A dash of M makes everything better Mar 7 • New Peugeot 208 debuts i-Cockpit with 3D HUD Combo dashboard 0 Mercedes-Benz on Tuesday unveiled the Concept EQV at the Geneva Motor Show. The concept is an all-electric van that’s slated to enter production in the near future. The actual production version will be introduced properly at the Frankfurt Auto Show this fall, but for now, the “concept” version gives us a pretty good idea of what to expect. Geneva Motor Show 2019 Mercedes-Benz See All More From Roadshow Mar 7 • The Ferrari F8 Tributo is the last of the nonhybrid V8s Geneva Motor Show 2019 Tags Now playing: Watch this: Mercedes-Benz 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 52 Photos Apr 17 • The 2020 Jaguar XE gets its first major visual refresh Electric Cars Concept Cars Vans Future Cars Post a comment reading • Mercedes-Benz Concept EQV previews an attractive electric van 1:38 Mercedes-Benz Concept EQV looks prepped for production Share your voice
(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.
07Nov Bill seeks to increase statute of limitations for armed robbery A bill introduced by state Rep. Diana Farrington calls for increasing the statute of limitations from six to 10 years for someone to be charged for armed robbery.“Only anybody who has been the victim of an armed robbery knows the incredible threat they face, not knowing if they’ll just lose their wallet or their life as well,” said Farrington, of Utica. “This bill adds armed robbery to the list of crimes such as kidnapping, extortion, attempted murder, manslaughter and home invasion, which allows victims up to 10 years to file charges.”Farrington testified today before the House Law and Justice Committee, with Derek Miller of the Macomb County Prosecutors’ Office and Clinton Township Police Department Capt. Richard Maierle also speaking in support of her legislation.“Armed robbery is a serious offense. It places a victim in more danger than other non-violent crimes, and yet, current law imposes the same limitations when filing a case,” Farrington said. “The statute of limitations should reflect the real threat of injury or death associated with this offense. We need to give our law enforcement agencies more tools to bring these criminals to justice.”House Bill 5010 remains under consideration of the House committee. Categories: Diana Farrington News,News
YouTube channels with more than a million subscribers nearly doubled in the last year, while the number of creators earning five or six figures from the platform grew more than 40%.Susan WojcickiThese figures were revealed by YouTube CEO Susan Wojcicki in an open letter posted to the YouTube Creators blog, looking back on the past 12 months and setting out the video service’s plans for the year ahead.Wojcicki described 2018 as “unprecedented” and said that YouTube’s three priorities for the year ahead are: supporting creator and artist success; improving communication and engagement; and “living up to our responsibility”.In terms of creator support, YouTube said it has increased monetisation accuracy by 40% and is making it easier for creators to appeal when videos are deemed ineligible for monetisation – for example if the content is not considered advertiser friendly.“There’s still more work to do on both of these fronts and we’re committed to getting it right for everyone,” said Wojcicki.Last year the company expanded YouTube Music and YouTube Premium, expanding these from five to 29 countries. It also added other ways to help content creators diversify their revenues, including ‘super chat’, merchandise, ticketing and channel memberships – the latter of which can be deployed by YouTubers with 30,000 subscribers or more.Turning to communication and engagement, YouTube said it increased the number of responses it makes to content creators via social channels by 150% and made its response times 50% faster. It also said it held more than 480 events with over 18,000 creators last year – including ‘fanfests’, creator summits and workshops.“It’s the engagement between creators and viewers that truly sets YouTube apart from traditional media like TV,” said Wojcicki. “Our goal is to grow this in new ways. One addition last year was the Premieres feature that allows creators to generate a shared experience with fans around new videos… I’m sure we’ll see even more of these moments in 2019.”On the responsibility front, YouTube said it made a lot of improvements in 2018 but recognises “there’s still much more to do,” referring to issues like removing the content that violates its community guidelines and supporting journalism and education on the platform.Elsewhere, Wojcicki said that YouTube will “do better to tell our story in 2019” after its 2018 Rewind video – supposedly a recap of the videos, people, music and moments that defined 2018 – became the most disliked video on the internet with 15 million dislikes to date.She also thanked the YouTube community for helping to bring attention to the “unintended consequences” of Article 13. “The debate around Article 13 remains ongoing,” she said. “This could be decided in the next few weeks, so please keep speaking out on this critical issue for all YouTube creators.”To read Susan Wojcicki’s full letter to YouTube creators, click here.
The IBC 2009 conference features a number of sessions that touch on IPTV – from the need for standardisation to the business case for distribution to multiple devices.This year’s IBC conference will include a number of sessions that touch on IPTV directly, or focus on areas closely tangential to it, such as online TV and the distribution of video to multiple devices.To start with, this year’s IBC keynote address will be delivered by Erik Huggers, director of future media and technology at the BBC, a public broadcaster that has been at the forefront of delivering on-demand TV over the internet with the BBC iPlayer, and is now attempting to push the use of broadband to deliver on-demand services to the TV via the proposed Canvas platform.Specifically IPTV-focused sessions at this year’s conference include two sessions on standards (Is standardisation the key for IPTV? The questions and Is standardisation the key for IPTV? The answers) on Thursday September 10, at 12.15-13.15 and 14.15-15.15 respectively. Chaired by William Cooper of Informitv, the former includes contributions from Mitchell Berman, currently CEO and co-founder of Zillion TV, Monika Gadhammar, chair of the Open IPTV Forum marketing group, and Peter MacAvock, programme manager at the EBU. Gadhammar will go on to chair the second session. Speakers include Paul Berriman, chief technology officer of PCCW in Hong Kong, Yun Chao, chairman of the Open IPTV Forum, Klaus Illgner, managing director of the Institut Für Rundfunktechnik, the EBU’s MacAvock, Paul Szucs, the Open IPTV Forum Solution working group chair, and Miguel Alvarez, head of strategic planning and evolving IPTV technology for Telefónica.Friday September 11 sees a session on The newest developments in IPTV from 09.00-10.30. Chaired by Dietrich Westerkamp, director of standards coordination at Thomson in Germany, the session will comprise an eclectic mix of presentations that address the latest applications and other new developments in IPTV.Over-the-top delivery of online TV is seen as an important topic in its own right, and the place within that of user-generated content is the subject of much debate. IBC will include a session on Harnessing UGC from 15.30-17.00 chaired by journalist Gary Smith with contributions from Gilles Babinet, CEO of Eyeka in France, Hugh Garry, senior interactive producer for creative projects, BBC Audio & Music, and Martin Rogard, content director of user-generated video portal DailyMotion.MPEG IF masterclassVarious IPTV issues will be discussed in two MPEG Industry Forum masterclass streams on September 14, produced with the University of St Petersburg. Co-chaired by Sebastian Moeritz, president of the MPEG IF and David Price, vice-president of marketing at Harmonic, the sessions will cover topics including the evolution of digital media standards, success factors for hybrid services and the repurposing of content for viewing on multiple devices. The first session, from 13.30-14.55, will feature Kevin Baughan, director of technical strategy at Virgin Media, Dieter Engel, product development media services at Deutsche Telekom, Manuel Gutierrez, CEO and president of TDVision Systems, Matthew Huntingdon of Open TV and Jeff McSchooler, vice-president of engineering at EchoStar. The second session, from 15.15-17.30, will feature Ross Biggam, director general of the Association of Commercial Television in Europe, Stuart Collingwood, vice-president EMEA of Sling Media, Konstantin Glasman, head of the video systems department at St Petersburg State University of Film and Television, Casey Harwood, senior vice-president, Turner Europe, Mark Krivosheev, chief scientist at the State Radio Research and Developmenet Institute of Russia, Kaliu Kukk, deputy general director of Russian group Telecom, Robert Luff, executive vice-president and chief engineering officer of Nielsen, Alexander Umbitaliev, director of Russia’s Television Research Institute and Robin Wilson, vice-president of business development at Nagravision in the US.
Milya Timergaleyeva, VP, market strategy, Oregan Networks talks about the challenges facing pay TV operators in delivering advanced services.What are the main challenges facing pay TV service providers as they attempt to upgrade their subscriber bases to receive advanced connected or hybrid TV services?The biggest common challenge faced by MSOs is meeting the growing demand for bandwidth, as content consumption preferences shift toward non-linear models. Intensified by the increasing appetite for Full HD and 4K content, the ‘bandwidth bottleneck’ has the potential to stress both managed and Over the Top Services to a level where customer experience can be adversely impacted.DRM fragmentation also continues to raise challenges for operators that deploy services across multiple devices and networks, and this is an area where goalposts are constantly changing, in terms of new security requirements from studios on UHD content, as well as ecosystem changes such as those recently made by Google to the Chrome browser.As a platform and services vendor, Oregan employs a combination of well-established technology building blocks and innovation components that tackle these issues. During IBC this year, Oregan will showcase recent integration with the V-Nova Perseus compression technology which holds a promise of significantly reducing the bandwidth requirements, thus making premium content accessible at lower OPEX levels. Core to Oregan’s bandwidth solutions strategy is close alignment and pre-integration with leading CDN and DVR vendors, such as Alcatel Lucent.Thirdly, the high velocity of the evolution of standards and emerging connectivity use cases pose operational challenges for operators who wish to stay relevant and competitive. On the one hand, the in-sourcing platform management strategies have proven effective for larger operators, on the other hand, the need to continuously explore, implement and trial new products in an Agile manner, have created an elevated demand for highly skilled engineering teams and product evolution methodologies that can be ‘plugged’ into a project rapidly and deliver to a high standard.How useful is cloud technology in helping deliver advanced TV services to pay TV operators’ subscribers and which applications are likely to be prioritized by operators?The trend to virtualize services that were once provided exclusively within the operator’s own managed headend is well underway. During the last 12 months Oregan has worked on deployment projects where many aspects of the traditional headend have been moved out into the cloud, allowing operators to reduce complexity and costs associated with onsite hosting.We are involved in projects today with tier-1 telecoms operators, where key video delivery platform components such as the CMS, Network PVR, DRM Key Server, TR-069 ACS Server and Upgrade Management Server are all provided as managed services hosted in the Cloud.Indeed, we see traditional cable and satellite operators deploying on-demand VOD services in some markets, where the Service Delivery Platforms I entirely outsourced and hosted in the cloud. This enables rapid time to market as well as immediate economies of scale, by utilizing pre-established cloud encoding and CDN platforms for OTT delivery to hybrid STBs and other OTT devices.Oregan’s video client technology has been developed from the outset to bring together the worlds of traditional broadcast, with IPTV and OTT technologies. A legacy or new generation STB running Oregan’s middleware can mix-and-match content from broadcast, IPTV and OTT sources, whilst providing a seamless and unified user experience to the consumer. The latest iterations of Oregan’s Secure Media Player solution, brings this consistency to multi-screen devices and OTT platforms, as well as the more established traditional CPE.What are the main challenges facing pay TV service providers as they attempt to upgrade their subscriber bases to receive advanced connected or hybrid TV services?The first and foremost decision faced by an operator is the approach to the existing devices. The reality is that the initial investment that was made deploying the original CPE is frequently making it difficult to commercially justify a complete replacement. Oregan’s legacy Pay TV migration methodology encapsulates the key product evolution process that allows the operator to synchronize, wherever possible, the capabilities and features across legacy and new generation devices.Oregan’s project experience with BT and its legacy Mediaroom STBs enables us to offer a field-proven solution to operators where the in-field upgrade process is flawless, with the entire fleet of devices upgraded remotely, courtesy of a well designed and implemented remote upgrade methodology. The crucial goal and a measure of success of any such upgrade project is elimination of any need for ‘truck rolls’. As part of the initial technical and financial analysis, Oregan carries out a thorough impartial feasibility assessment, which will determine the optimal product evolution path, feature sets, content security implications, timescales and any trade-offs related to the legacy STB’s intrinsic capabilities.What are the principal technology choices facing operators as they seek to build next-generation TV platforms and what are the key advantages and disadvantages of each?As technology sourcing becomes increasingly modular, with emphasis on upgradability and future-proofness, the component choices are becoming less restrictive. In this new scenario, which is made possible by the general move towards open architectures and community-sourced components, the choices tend to be related to the operating system utilized inside the CPE, the degree of association and prominence of competing OTT services offered side-by-side with the core content offering and, thirdly, the content protection technologies.A continued exploitation of multicast delivery infrastructure for live events, especially sporting events is an option that many operators are having to determine their approach to.And lastly, offering support for Common Encryption standards across devices, which enables operators to simplify the head-end infrastructure of a multi-DRM deployment is a transition that many operators consider as a matter of natural platform evolution.Oregan Networks provides market-leading technology expertise in delivery of Digital TV over broadcast and IP networks, with emphasis on ensuring content security, quality of service for consumers and mitigating project risk. To schedule a discussion with Oregan at IBC, email email@example.com.