Showing posts from 2015

American victory as Comanche takes line honours in Rolex Sydney Hobart Yacht Race

American victory as Comanche takes line honours in Rolex Sydney Hobart Yacht Race
58, COMANCHE (USA), Sail No: 12358, Design: Verdier Yacht Design & Vplp, Owner: Jim Clark Kristy Hinze , Skipper: Ken Read - Protected by Copyright When Comanche crossed the finish line of the Rolex Sydney Hobart Yacht Race at Castray Esplanade in Hobart, Tasmania, at 9:58:30 hours tonight, history was created, because Kristy Clark became the first female owner to take line honours in the blue water classic. Kristy, who raced aboard the yacht while co-owner husband Jim stayed ashore, was thrilled to take line honours in her first foray into the race. While the yacht represents the New York Yacht Club in the USA, Kristy is of course, Australian through-and-through.
Jim was on the water to greet the Ken Read skippered Verdier Yacht Design and VPLP yacht as it made its way up the Derwent River to the finish line.
It is the first time, possibly with the exception of the early years, that a boat has retir…

Trans-Pacific Partnership is a wonderful idea

Trans-Pacific Partnership is a wonderful idea – for China DAN BREZNITZ The website of the Office of the U.S. Trade Representative proudly describes the Trans-Pacific Partnership as “Made in America.” It does so to position this treaty, made up of a motley crew of allies, as a bulwark of free competitive markets against China. It is only fair, then, to judge the TPP on these merits: Will it lead to freer, more competitive markets and more rapid economic growth? Does it offer a better future for the U.S. and Canadian middle classes? Worryingly to those of us who believe that entrepreneurship is crucial for economic growth, the TPP is failing on its declared goals. Once ratified, the agreement will make our markets less free and less competitive, and it will particularly hurt innovation-based entrepreneurship. This could not come at a worse time for our future economic growth, since, as The Economist has just reported, we are already at historic lows in the formation and growth of new c…

What are prime numbers

What are prime numbers, and why are they so vital to modern life?By  on December 18, 2015 at 10:32 am18 Comments If you’ve graduated high-school and you’re reading this article, you probably at least know the following about prime numbers: Primes are the set of all numbers that can only be equally divided by 1 and themselves, with no other even division possible. Numbers like 1, 2, 3, 5, 7, and 11 are all prime numbers. What fewer people know is why these numbers are so important, and how the mathematical logic behind them has resulted in vital applications in the modern world.
Here’s something cool about primes: Mathematicians have shown that absolutely any whole number can be expressed as a product of primes, only primes, and nothing else. For example:
To get 222, try 2 * 3 * 37
123,228,940? Why, that’s just, 2 * 2 * 5 * 23 * 79 * 3391This rule, called the prime factorization rule, is called something else as well: the Fundamental Theorem of Arithmetic. It makes sens…

Sewage bill shock looms for taxpayers in Victoria

Sewage bill shock looms for taxpayers in Victoria area BILL CLEVERLEY / TIMES COLONIST
DECEMBER 20, 2015 06:00 AM A proposed sewage-treatment plant at McLoughlin Point was abandoned last year after Esquimalt rejected rezoning for the plant.   Photograph By BRUCE STOTESBURY, Times Colonist. Local taxpayers will have to dig deep to pay their yearly bill for sewage treatment if senior government grants are lost — something Oak Bay Mayor Nils Jensen worries is a real possibility. The prospect of the capital region meeting a March 31 deadline for the first of three federal grants for treatment is “virtually impossible,” Jensen said. Without the grants, the costs to homeowners are “very alarming,” he said. “If this was a fire, it would be a seven-alarm fire. … These are very large numbers.” For example, the annual costs for a homeowner in Oak Bay for the least-expensive treatment option of the five under consideration — a single plant at Rock Bay providing secondary treatment — would jump t…

Apple Cuts the Cord on Live TV Plans

Apple Cuts the Cord on Live TV Plans By Richard Saintvilus |
Consumers who eagerly anticipated a live-TV service by Apple Inc. (AAPL) – giving them one more reason to cut their cable cords and the expense of unwatched channels – will have to wait a while longer. How long? It depends on the following three factors. Content for Cash Apple's plan to revolutionize the TV industry by launching its own live television service, which was initially targeted for 2016, is now on hold. Reports suggest that talks between media executives and the Cupertino-based iPhone maker fell apart over programming costs. Apple's plan to offer some 14 to 20 channels (also known as skinny bundles) at a price of about $30 to $40 per month were not enticing enough to media executives, who believed their content was worth far more. Even on the high end, Apple's price was some 112% below the $85 cable bundles for a similar number of channels. (See also: Is Apple TV Competing or Aligning With Netflix?) A…

Exploring The Dismal Science

The Uncertainty Of Economics: Exploring The Dismal Science By Andrew Beattie When speaking or reading about economics, you've probably heard someone drop the phrase the dismal science. If you did not know what this phrase meant, you may have dismissed it as a clever joke, or, harboring a secret passion for experimental observation and beakers, you may have been too shy to question how on earth any science could be dismal. Looking at what the dismal science is and why it carries such a depressing name, however, may help you better understand why you may face uncertainty and contradictions in your investing endeavors. Origins
The phrase "dismal science" was coined by Thomas Carlyle in response to Thomas Malthus' beliefs that the exponential population growth would outpace the linear growth of the world's food supply, resulting in a global famine. Malthus didn't foresee the leaps in science, such as the development of fertilizer, that have allowed the earth to s…

future of Blockchain

How bright does the future of Blockchain look? 15 Dec 15 | Author | It’s been an exciting 2015 for Blockchain, especially the last few months. This autumn the likes of Chain, a San Francisco-based startup specialising in blockchain technology, raised $30m from some of the world’s largest financial corporations, including Visa, Citi Ventures and Nasdaq.
There have also been a spate of big deals such as the completion of the merger between GoCoin and Ziftr. Furthermore, the Chamber of Digital Commerce and Coin Center have teamed up with some of America’s biggest companies to form the Blockchain Alliance, a non-profit organization created to serve as a public-private forum for the bitcoin community and law enforcement agencies.
Earlier in the year, the BBVA Compass predicted that Blockchain is set to become one of the biggest disruptors within the financial system after receiving significant investment from banks.
Increasing investment This positive trend looks to extend int…

The Largest Oil Companies Make a Pledge to Climate Change

The Largest Oil Companies Make a Pledge to Climate Change By Dorothy Neufeld | December 06, 2015 In October 2015 ten of the largest oil companies signed an agreement addressing climate change, anticipating the 2015 United Nations Climate Change Conference (COP 21) currently taking place in Paris. The pledge supports policies in keeping the global temperature below an increase of 2 degrees Celsius. Some response was cautiously optimistic, while other critics debated the feasibility of its goals. The ten signatories include BG Group, BP, Eni, Pemex, Reliance Industries Ltd., Repsol SA, Saudi Aramco, Shell, Statoil and Total. The joint statement came six weeks before the summit, which is hosting delegates from 209 countries. The conference's focus is on reducing the production of greenhouse gases caused by the burning of fossil fuels. (For more, see: The 5 Countries that Produce the Most Carbon Dioxide (CO2). Climate Agreement The pledge suggests a number of ways the ten companies w…

Too Big To Fail

Fed Announces New Rules for Banks "Too Big To Fail" By David Floyd | December 03, 2015 AAA | On Monday, the Fed announced new regulations to better align its policy with the requirements of the 2010 Dodd-Frank Act. It will no longer be able to provide emergency financing to individual firms, as it did for Bear Stearns and American International Group Inc. (AIG) on separate occasions in 2008, for a combined $110 billion. New Bailout Rules Going forward, Fed bailouts must be targeted more broadly, for example, at entire sectors. At least five companies must be eligible to participate. Nor can the Fed lend to insolvent firms, defined by the new rules as those that are 90 days or more behind on undisputed debt payments. The intention is to avoid bespoke bailouts to companies that could count on them in advance. Systematic risk-taking in the financial sector in large part caused the 2008 financial crisis, and the idea that the banks responsible were "too big to fail" l…

What makes some people so generous?

Kalina Dunne Farrell wrote a note to the tooth fairy last month, asking for extra cash in exchange for a lost tooth so that she could help Syrian refugees. Kalina, 10, had already amassed her savings from her weekly allowance, and offered to do extra chores, such as scrubbing floors and picking up litter, to earn more. With the $5 windfall she received from the tooth fairy, she gave it all – $157 – to the Ottawa Community Immigrant Services Organization to support its efforts to settle Syrian refugees. This came as little surprise to her mother. “She’s always been like this,” Shannan Dunne says, noting that as early as the age of 4, the Ottawa girl was offering to give away her possessions to those less fortunate. “It’s in her heart.” And science suggests that it’s in her DNA. For generations, scientists and philosophers have debated what makes people altruistic. As 18th-century poet and satirist Alexander Pope famously wrote: “Many men have been capable of doing a wise thing, more a…

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