December 2018 - Page 3 of 12 - WPMASK

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Japan Announces IWC Withdrawal, Will Resume Commercial Whaling

12/26/2018 by WPbiz Leave a Comment

Japan is withdrawing from the International Whaling Commission and will resume commercial whaling next year, a government spokesman said Wednesday, in a move expected to spark international criticism.

“We have decided to withdraw from the International Whaling Commission in order to resume commercial whaling in July next year,” top government spokesman Yoshihide Suga told reporters.

“Commercial whaling to be resumed from July next year will be limited to Japan’s territorial waters and exclusive economic zones. We will not hunt in the Antarctic waters or in the southern hemisphere,” Suga added.

The announcement had been widely expected and comes after Japan failed in a bid earlier this year to convince the IWC to allow it to resume commercial whaling.

Tokyo has repeatedly threatened to pull out of the body, and has been regularly criticized for catching hundreds of whales a year for “scientific research” despite being a signatory to a moratorium on hunting the animals.

Suga said Japan would officially inform the IWC of its decision by the end of the year, which will mean the withdrawal comes into effect by June 30.

Leaving the IWC means Japanese whalers will be able to resume hunting in Japanese coastal waters of minke and other whales currently protected by the IWC.

But Japan will not be able to continue the so-called scientific research hunts in the Antarctic that has been exceptionally allowed as an IWC member under the Antarctic Treaty.

The withdrawal means Japan joins Iceland and Norway in openly defying the IWC’s ban on commercial whale hunting.

It is certain to infuriate conservationists and anti-whaling countries such as Australia and New Zealand, and deepen the divide between anti- and pro-whaling countries.

Japan has hunted whales for centuries, and their meat was a key source of protein in the immediate post-World War II years when the country was desperately poor.

But consumption has declined significantly in recent decades, with much of the population saying they rarely or never eat whale meat.
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Chicano Author, Illustrator Collaborate on Animal Adventure

12/26/2018 by WPart Leave a Comment

The 81-year-old author is often called a dean of Chicano literature. The illustrator is a younger muralist steeped in the visual traditions of Mexican-American pop culture and low-rider cars.

Together, novelist Rudolfo Anaya and painter Moises Salcedo — who goes by El Moises — have created a bilingual children’s book with parallel texts in Spanish and English about the adventures of a tiny owl named Ollie who longs to read on his own, even as he skips school and tangles with a cast of conniving animal characters in the hills and skies of northern New Mexico.

Anaya achieved lasting literary fame with the novel Bless Me, Ultima in 1972 about a boy’s coming of age in post-World War II New Mexico under the guidance of a traditional spiritual healer. The book became a movie — and recently an opera.

Local, traditional references

The new children’s book from the Museum of New Mexico Press — titled Owl in a Straw Hat, or El Tecolote del Sombrero de Paja — is chock-full of references to northern New Mexico geography and homespun Hispanic tradition — from posole soup and pinon nuts to the “acequia” organizations that help irrigate fields and lend a special order to local rural life.

Anaya said the work is a heartfelt effort to encourage shared family reading in English or Spanish, with eye-grabbing imagery.

The book’s illustrations spring from the brush of Mexican-born, Arizona-raised El Moises — who made New Mexico his adopted home nearly a decade ago. His other recent commissions include urban murals, a tequila logo, CD covers and more.

The 45-year-old illustrator is a father of five who often paints at a weathered living-room table amid the bustle of family. El Moises says people call him a Chicano artist, but it’s really just his take on everyday life.

“Bold and bright has always been my thing,” he said. “I love low-riders because I grew up around them. … I just think that I’m an artist who is narrating his life.”

One of the new book’s characters — a hungry and untrustworthy wolf in sunglasses named Luis Lobo — is adapted from a self-designed tattoo on the artist’s upper arm. Other characters include a young raven and crow who prefer video games to school. There are positive role models, too — a disciplined roadrunner who drives a dazzling low-rider car and a loving grandmother “Nana” owl.

El Moises and Anaya already are working on a sequel that explores concerns about childhood bullying, something the illustrator and a 13-year-old son have been grappling with recently in Albuquerque, culminating in the decision to do home schooling.

Anaya, a widower who lives in Albuquerque with a dachshund at his side, continues to work steadily on essays and novels for grown-up readers.

He said Owl in a Straw Hat is an outgrowth of his enduring concern for children, including children living far away in war-torn countries.

‘Something positive’

“Maybe that’s why I write books for children — to get a lift, to think there is something positive on Earth that might offset the evil that we see,” Anaya said, on a day where violence in Syria dominated news headlines. “As I’m writing, I’m speaking to a child, to children. I’m kind of telling them, ‘Look at Oli and Raven and Crow.’ The children are always there, they’re always there wanting to hear a story.”

The English text of the new book contains a smattering of colloquial Spanish words and phrases — such as “mi’jito” for my little son. A Spanish-English glossary at the back of the book resolves any mysteries.

That aims to help young readers from various cultures feel comfortable, according to Enrique Lamadrid, who wrote the book’s full Spanish translation.
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Trump Praises Treasury Secretary Mnuchin But Hits Fed Again on Rate Rises

12/25/2018 by WPbiz Leave a Comment

President Donald Trump on Tuesday expressed confidence in Treasury Secretary Steven Mnuchin amid worries over a weakening economy and a stock market slump, but repeated his criticism of the U.S. Federal Reserve, saying it has raised interest rates too quickly.

Speaking to reporters in the Oval Office after a Christmas video conference with U.S. troops deployed abroad, Trump also said U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity.

Asked if he has confidence in Mnuchin, Trump said: “Yes, I do. Very talented guy. Very smart person,” he said. His comments came after Mnuchin on Monday held a conference call with U.S. regulators to discuss plunging U.S. stock markets.

The call did more to rattle markets than to assure them. All three major U.S. stock indexes ended down more than 2 percent on the day before the Christmas holiday. The S&P 500 has lost about 19.8 percent from its Sept. 20 closing high, just shy of the 20 percent threshold that commonly defines a bear market.

Mnuchin also spoke on Sunday with the heads of the six largest U.S. banks, who confirmed they have enough liquidity to continue lending and that “the markets continue to function properly.”

Investors said his move to convene a call with the president’s Working Group on Financial Markets, known as the “Plunge Protection team,” may have weighed on sentiment.

On Tuesday, Trump praised U.S. companies and said their lower stock prices present an opportunity for investors. “I have great confidence in our companies. We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think it’s a tremendous opportunity to buy.”

U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. Trump has largely laid the blame for economic headwinds on the Fed, openly criticizing its chairman, Jerome Powell, whom he appointed.

“They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon,” Trump said, repeating his criticism.

Media reports have suggested Trump has gone as far as discussing firing Powell, and he told Reuters in August that he was “not thrilled” with the chairman.

On Monday, Trump said “The only problem our economy has is the Fed.”

The Fed hiked interest rates again last week, as had been widely expected.
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UK Royal Christmas: Church, Lunch and the Queen’s Message

12/25/2018 by WPart Leave a Comment

Britain’s Queen Elizabeth II wove personal reflections into her annual Christmas message, offering the customary wishes for peace and saying she hoped she had attained a measure of wisdom during her 92 years.

“Some cultures believe a long life brings wisdom,” Elizabeth said in a pre-recorded message broadcast Tuesday. “I’d like to think so. Perhaps part of that wisdom is to recognize some of life’s baffling paradoxes, such as the way human beings have a huge propensity for good and yet a capacity for evil.”

On a lighter note, the queen noted that 2018 was a busy year for her family: two weddings, two new babies and another due next year.

“It helps to keep a grandmother well occupied,” she said.

The annual message was broadcast to many of the 53 Commonwealth countries after the queen and senior royals attended a church service on the outskirts of one of her country estates.

Elizabeth and other members of the British royal family received cheers from a Christmas crowd when they arrived.

A chauffeured limousine delivered the 92-year-old Elizabeth to St. Mary Magdalene Church, while younger royals walked from nearby Sandringham House.

Prince Charles led the way, followed by his sons: Prince William and his wife, Catherine, and Prince Harry and his pregnant wife, Meghan.

Harry and Meghan, who are expecting their first child in the spring, walked arm in arm next to William and Catherine. Many in the crowd wished them “Merry Christmas” as they strolled to the church in the English countryside on a cold, wintry morning.

During the service, the congregation sang the traditional carols “O Little Town Of Bethlehem,” ″Hark! The Herald Angels Sing” and “O Come All Ye Faithful.”

After the 45-minute service, people gave them flowers as they headed back for a traditional Christmas lunch.

The queen’s husband, Prince Philip, who is 97 and largely retired from public life, did not attend the service. Charles’ wife Camilla, who is recovering from flu, also missed church.

William and Catherine’s three children — Prince George, 5, Princess Charlotte, 3, and 8-month-old Prince Louis, also stayed home.

Prince Andrew, the queen’s son, arrived by car with his mother. Princess Eugenie, another of the queen’s grandchildren, arrived with husband Jack Brooksbank.

Britain’s royals usually exchange small gifts on Christmas Eve, a practice popularized by Queen Victoria and Prince Albert. The queen typically frowns on extravagant gifts, and many of the presents are novelty items.

When the queen was younger, Christmas meant a brisk family walk through the woods on Christmas or an excursion on horseback.

Elizabeth made her first Christmas Day broadcast on the radio in 1952, the year she ascended to the throne. She made the move to television in 1957.

She has broadcast the message each year since, with the exception of 1969. The queen felt the royal family had gotten enough TV exposure that year while allowing unusual access for a TV documentary.

That year, the message only appeared in writing.
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Former Nissan Executive Released from Tokyo Jail

12/25/2018 by WPbiz Leave a Comment

Former Nissan Motor Co. executive Greg Kelly was released from jail in Japan Tuesday after a Tokyo court rejected prosecutors’ request to continue to detain him.

The Tokyo District Court granted his release after setting bail at $636,000.

Kelly had been detained for 37 days after being arrested and charged with underreporting the pay of his boss, ousted Nissan Chairman Carlos Ghosn, by $44 million.

Ghosn was also arrested along with Kelly on November 19 on suspicion of conspiring to understate Ghosn’s pay. Ghosn remains in custody.

The charge is part of a wider effort by Japanese prosecutors and the auto company to show that Ghosn leveraged his position for personal gain.

The court set restrictions on Kelly’s release. Kelly is prohibited from traveling outside Japan without the court’s permission and from meeting with people linked to the case against him.
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Japan Stocks Fall Below 20,000

12/25/2018 by WPbiz Leave a Comment

Shares on Japan’s key stock exchange plummeted Tuesday, highlighting investor fears about political turmoil in Washington and this month’s massive losses on Wall Street.

The Nikkei 225 Index lost 1,000 points — five percent of its value –to close Tuesday at 19,155, finishing under 20,000 points for the first time since September 2017. Tuesday’s closing numbers are down 21 percent from its October high.

China’s Shanghai index finished nearly one percent lower Tuesday.Markets in Hong Kong, Australia, South Korea, the U.S. and Europe were all closed in observance of Christmas.

The losses on the Nikkei were a spillover from Monday’s down day in the U.S., where the Dow Jones Industrial Average index, the S&P 500 Index fell nearly three percent and the NASDAQ Composite Index lost more than two percent.That continued this month’s run of near-daily losses, putting U.S. markets on track for its worst December since 1931, during the Great Depression.

The U.S. Christmas Eve selloff was triggered in part by President Donald Trump’s Twitter attacks on the central bank, the Federal Reserve, and its chairman, Jerome Powell, for a recent hike in interest rates, as well the partial shutdown of the U.S. government.Investors were also rattled by Treasury Secretary Steven Mnuchin’s phone calls to the heads of the nation’s six largest banks on Sunday to determine if they had enough capital on hand to continue operating normally.

Trump renewed his complaints about the Federal Reserve on Tuesday, telling reporters in the Oval Office it is “raising interest rates too fast because they think the economy is so good.” The president added, however, that U.S. companies were “the greatest in the world” and that their lower share prices presented a “tremendous” buying opportunity for investors.
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Disabled Venezuelans Reach New Heights Through Dance

12/25/2018 by WPart Leave a Comment

A stray bullet crushed Iraly Yanez’s aspirations of becoming a professional dancer eight years ago as it ruptured two of her vertebrae and left her paraplegic.

But now the young Venezuelan dancer is pursuing her lifelong passion in a wheelchair — and hoping to put her career back on track — thanks to a contemporary dance company that is helping disabled people perform.

Caracas based AM Danza works with 50 young Venezuelans who are pursuing their passion for dance despite limitations like broken spines, cerebral palsy, Down syndrome or blindness.

Yanez, 34, joined the group three months ago and recently performed in her wheelchair in an emotional hour-long show that the dance troupe put together for its followers.

“This is the opportunity of a lifetime” Yanez said after the contemporary dance review, “Ubuntu,” was held in one of the Venezuelan capital’s most prestigious theatres. “I can’t allow external issues to affect me any longer.”

During the show, disabled dancers performed alongside fully abled professional dancers to demonstrate that art knows no barriers. Some members of the audience shed tears.

Dancers with limited mobility in their legs lifted their crutches in the air in unison. A dancer hoisted Yanez from her wheelchair and lifted her above her shoulders to perform complex moves.

“Dancing is all about passion” said AM Danza’s director, Alexander Madriz. “You have to enjoy your possibilities and use your body to express emotions.”

Madriz has worked for two decades with dancers who have disabilities and says that thanks to them he has learned that corporal expression has no limits.

“Not everything has to be the perfect lines and symmetry that you see in contemporary classical dance” he said.

Madriz, 47, said that the students’ love for dance has helped them overcome the numerous obstacles faced by disabled people in Venezuela, where public transport is still mostly inaccessible to people on wheelchairs and ramps on sidewalks and public buildings are few and far between.

In addition, like everyone else in Venezuela, they have to cope with rampant medical shortages and hyperinflation that has devastated their incomes.

Yanez says that on weekdays she can spend up to three hours waiting for one of the few wheelchair-friendly buses that pass through her humble neighborhood in the suburbs of Caracas to take her to AM’s dance studio.

But that doesn’t seem to diminish her will to train.

She said that the dance company has allowed her to come to terms with the accident that changed her life and make feel like she can now “fly through the sky.”

The ballerina was hit by a stray bullet on New Year’s eve in 2010 as she entered her home in a crime-ridden slum. That was the end of her dancing until she joined AM Danza in September.

As 2018 comes to a close, Yanez says she is looking forward to participating in more performances.

In the kitchen of her small apartment, she glanced at a drawing of dancers posted on the refrigerator by her 10-year-old niece, who also now practices ballet.

“She’s one of the reasons that I am keeping up my struggle” Yanez said. “I see her, and I also see myself.”
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Scandal-Plagued Facebook Goes on Charm Offensive in Vietnam

12/25/2018 by WPit Leave a Comment

Before Facebook, Vu Kim Chi thought something was lacking in her job, which is to promote the economy in and around Vietnam’s famed Ha Long Bay. Posting updates to her department’s website, or photocopying missives to send to constituents, she said, was mostly one-sided.

But after she set up an official Facebook page for Quang Ninh province, the conversations started to flow in both directions, between Chi and the local residents or businesses. That’s why, when it comes to social media, she thinks more civil servants need to catch up with the rest of the country.

“Social media, especially the Facebook application, is really used a lot in Vietnam,” said Chi, who is deputy head of the province’s investment promotion and support office. “But for public agencies that use it as a tool to interact with people and businesses, it’s still not necessarily used a lot.”

Facebook on charm offensive

Even as governments around the world are demanding more accountability and transparency from Facebook, public officials in Vietnam are looking for more ways to use the website. And Facebook is happy to oblige.

The company is on something of a charm offensive in Vietnam, where it has roughly 42 million members, nearly half the country. Besides sending top officials to visit Vietnam last year, Facebook has been instructing small businesses on how to sell their products on the site, and now it is giving civil servants like Chi advice for engaging with the public.

The chance to win some good will in Vietnam comes at a time when pressures are piling up on Facebook both inside the country and abroad. Globally, it has been accused of complicity in plots to convince voters to vote for Brexit or for candidate Donald Trump, as well as in what the United Nations calls ethnic cleansing in Myanmar. The company reportedly paid for research that could damage its critics’ and competitors’ reputations, as well as gave users’ data to dozens of other firms without consent.

New cyber law

In Vietnam, the government told advertisers to boycott Facebook and other sites in response to users’ postings that criticized the one-party state. Next month, the country will enact a cyber law requiring firms to store data domestically, which Facebook opposes.

But those troubles were not front and center at a workshop in Ho Chi Minh City this month where a company representative gave bureaucrats tips on making a Facebook page.

“We have to understand and put more attention to the social aspect of the platform,” said Noudhy Valdryno, who handles government outreach for Facebook. “That means you have to understand your followers, who are they, where do they live, what are their interests? Then you can formulate an accurate strategy to engage with your followers.”

The workshop included suggestions for government officials, such as posting updates on Facebook at regular intervals, shooting videos vertically to retain the attention of mobile users, and encouraging conversations among followers on the page.

Tech companies welcome

The event was an example of how Vietnamese officials are open to working with the tech company. It is so ubiquitous in the Southeast Asian country that when Vietnamese people say “social media” they mean Facebook, and when asked what newspapers they read, they give the answer: Facebook.

“What we’re talking about is effective use of technology in this day and age to achieve our goals,” said Le Quoc Cuong, vice director of the Ho Chi Minh City department of information and communications. “What we’re looking for is being effective, being engaging and enhancing cooperation between the government and the people.”

Chi says more Facebook data would help her better engage with residents around Quang Ninh, a northeastern province that hugs the Pacific Ocean on one side and the Chinese border on another. She would like regular reports, perhaps every month, with information to help analyze the province’s fan page, from key words to number of “likes.” So as many people worldwide have begun to decry tech companies for abusing and cashing in on users’ data, there are those who still continue to see untapped potential in gathering further data.

Actor Kevin Spacey to Face Charge in Sexual Assault of Teen

12/25/2018 by WPart Leave a Comment

U.S. actor Kevin Spacey is facing a felony charge for allegedly sexually assaulting the teenage at a Nantucket, Massachusetts, restaurant more than two years ago.

The Oscar-winning actor is set to be arraigned on a charge of indecent assault and battery on January 7.

In November last year, Boston-based news anchor Heather Unruh held a news conference to share her son’s allegation of sexual assault against Spacey.

She said her then-18-year-old son was was sexually assaulted by Spacey in a late-night encounter at the Club Car restaurant and bar in Nantucket on July 7, 2016. She said her son didn’t report the assault right away because he was embarrassed.

On Monday, soon after the charge became public, Spacey posted a video on YouTube titled “Let Me Be Frank,” breaking his year-long silence on the accusation.

On the video, Spacey delivers a monologue in the voice of Frank Underwood, his character on Netflix’s House of Cards, who was written off the show after the sexual misconduct allegations emerged.

He tells his audience, ““Of course some believed everything and have just been waiting with bated breath to hear me confess it all, they’re just dying to have me declare that everything they said is true and I got what I deserved. … I’m certainly not going to pay the price for the thing I didn’t do.”

It is unclear whether Spacey is referring to the charge he faces.

Spacey is also being investigated for an alleged assault in Los Angeles in 2016. He had also faced accusations of sexual misconduct while he was the artistic director of London’s Old Vic Theatre.
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US SpaceX First National Security Mission

12/24/2018 by WPit Leave a Comment

SpaceX continues making news in 2018. The company first broke its own record from 2017 when it passed 18 launches in year. On Sunday, from Cape Canaveral, Florida, SpaceX launched another record-setting rocket… this one for U.S. national security. Arash Arabasadi reports.
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Trump Blames Fed for Market Turmoil

12/24/2018 by WPbiz Leave a Comment

U.S. stock markets fell sharply on Monday with the S&P 500 down more than two percent and the Dow off nearly three percent.

President Donald Trump is blaming the Federal Reserve (central bank) for stock market declines and other economic problems.

In tweets, Trump has said the only U.S. economic problem is rising interest rates. He accused Fed chief Jerome Powell of not understanding the market and damaging the economy with rate hikes.

The Fed slashed the key interest rate nearly to zero to boost growth during the recession that started in 2007. The central bank kept rates low for several years.

Eventually, growth recovered, and unemployment dropped to its lowest level in 49 years, and Fed officials judged that the emergency stimulus was no longer needed. Fed leaders voted to reduce the stimulus by raising interest rates gradually. The concern was that too much stimulus could spark inflation. Experts say such a sharp increase in prices could prompt a damaging cycle of price increases leading to rising wage demands, which would spark another round of price hikes.

Analysts quoted in the financial press say Trump’s attacks on the Fed make investors worry that the central bank might lose the independence that allows it to make decisions based on economic factors rather than what is politically popular.

Some economists say investor confidence has also been shaken by Trump’s tariffs on major trading partners. Raising trade costs can reduce trade and cutting trade cuts demand for goods and services, which slows economic growth.

Investor confidence, or a lack of it, can cause stock and other markets to decline as worried stock holders sell shares and prospective investors stop buying available stocks. When buyer demand drops, prices fall.

Another factor hurting investor confidence is the political impasse in Washington over money for Trump’s border wall with Mexico. The bickering means Trump and congress can not agree on spending priorities, so legislation paying some government employees has lapsed.

In an effort to calm turbulent markets, Treasury Secretary Steve Mnuchin spoke with leaders of top U.S. banks in an unusual session Sunday. He says they have the money they need for routine operations.
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Justice Ginsburg’s Exceptional Life

12/24/2018 by WPart Leave a Comment

As Supreme Court justice Ruth Bader Ginsburg recovers from surgery on Friday for early stage lung cancer, two new films are paying tribute to her life and many accomplishments. VOA’s Penelope Poulou reports how the senior justice of Court’s liberal wing is being portrayed on film.
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Euronext Has Launched an All-Cash Bid to Acquire Oslo Bors

12/24/2018 by WPbiz Leave a Comment

The leading pan-European stock exchange has launched a 625 million euro takeover bid to acquire the Oslo Stock Exchange.

Euronext, the operator of stock exchanges in Paris, Amsterdam, Brussels, Dublin and Lisbon, said in a statement that it had approached the board of directors of the Oslo Stock Exchange (Oslo Bors VPS) to seek its support for an all-cash offer for all the outstanding shares of Oslo Børs VPS, the Norwegian Stock Exchange and national CSD operator, based in Oslo.

“Euronext strongly believes that Oslo Børs VPS’ unique strategic and competitive positioning, including a global leading position in seafood derivatives and a deep-rooted expertise in oil services and shipping, would further strengthen Euronext’s position as the leading market infrastructure for the financing of the real economy in Europe,” the statement said.

If the offer is accepted, Euronext would be fully committed to support the development of Oslo Børs VPS and of the broader Norwegian financial ecosystem, the statement said.

Following the initiative of a group of its shareholders to acquire the Oslo Stock Exchange, Euronext has secured support for the offer from shareholders representing 49.6% of all outstanding shares.

However, it is not certain that a transaction will be completed, Euronext’s statement said, but the pan-European stock exchange will communicate material information, if any, in due course.
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Films on Iconic Justice Ginsburg Detail Exceptional Life and Contributions

12/24/2018 by WPart Leave a Comment

As Supreme Court justice Ruth Bader Ginsburg recovers from surgery on Friday for early stage lung cancer, two new films are paying tribute to her life and many accomplishments. VOA’s Penelope Poulou reports how the senior justice of Court’s liberal wing is being portrayed on film.
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World’s Most Popular Dinosaur Transforms at Chicago’s Field Museum

12/24/2018 by WPart Leave a Comment

You don’t often get a second chance to make a first impression, unless, of course, you’re one of the world’s most popular dinosaurs.

“It’s a different profile, a much more impressive profile in many ways, a pretty scary large animal, as opposed to a lighter, swifter animal,” says the Field Museum’s Director of Exhibitions, Jaap Hoogstraten, who has courted the leading lady of the dinosaurs since she arrived in Chicago nearly twenty years ago.

“Since we put her up in 2000, we’ve made discoveries about the pose. We’ve added the gastralia, which are the belly ribs which changes the outline of Sue quite a bit. Sue is much bulkier.”

The belly ribs are not a new discovery… they’ve existed since the fossil was recovered from obscurity in the rock formations of South Dakota in the early 1990s. That was the beginning of a long legal and physical journey for the world’s largest Tyrannosaurus rex skeleton. Known as Sue, named for paleontologist Sue Hendrickson who discovered it, the well-preserved specimen arrived as the star attraction in Stanley Hall at the Field Museum in 2000.

But scientists only recently learned how the belly ribs fit onto the overall specimen, which now fundamentally changes what we know about the Tyrannosaurus Rex.

After a nearly year-long transition to a new exhibit specifically designed for her, Sue will look different to the millions who have seen the dinosaur before.

“I didn’t really realize that Sue weighed nine tons in real life,” says Hilary Hansen, project manager at the Field Museum. “I think really adding this gastralia, these belly ribs, really changes the profile for Sue, and you can get a sense of how formidable and imposing it must have been to share an environment with this animal.”

Hansen explains that the new exhibit doesn’t just change our understanding of the animal itself, such as the fact it probably couldn’t run, but it also show visitors Sue’s natural environment, and place in history.

“What we’re trying to do is bring together everything about Sue that was all over the museum into one space so our visitors can see this as a one stop shop for all things Sue.”

“It pushes what we know about T-Rex forward,” says Hoogstraten, including possible answers to how Sue met her fate.

“One possibility is that there was an infection, and that she possibly starved to death.”

The Field museum typically welcomes over one million visitors a year, a number Hilary Hansen expects to spike when the new Sue exhibit opens to the public just in time for the holiday rush.

“For the next three weeks or so, we’re expecting between seven to ten thousand visitors coming through a day.” Some, revisiting an old friend with a new look.

But even though science marches on, one mystery about Sue remains.

Despite the name, experts are still not sure if the dinosaur behind this fossil was male or female.
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S. Korea Fines BMW $9.9 Million Over Faulty Engines, Delayed Recalls

12/24/2018 by WPbiz Leave a Comment

South Korea said Monday it will fine BMW $9.9 million and will file a criminal complaint against the German automaker for delaying a recall of cars with faulty engines that caught fire.

South Korea’s transport ministry said its investigation uncovered that BMW knew about the faulty engines, but did not execute a prompt recall.

The ministry said BMW deliberately tried to cover up the technical issues with the exhaust gas recirculation, or EGR, even after dozens of fires had been reported earlier this year.

“BMW announced earlier that it had become aware of the connection between the faulty EGR cooler and the fire only on July 20 this year,” the ministry said in a statement. “But we discovered that . . . BMW’s German headquarters had already formed a special team in October 2015 tasked with solving the EGR problem.”

BMW did eventually mount a recall of more than 170,000 cars.

The French news agency AFP reports some South Korea parking lots had refused to accept BMW cars for fear the cars would catch fire.
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California Researchers Working on Tomorrow’s Battery

12/24/2018 by WPit Leave a Comment

Batteries have been around for hundreds of years, but don’t go thinking this technology is old hat (old fashioned). Batteries are the future. A team of California Scientists with support from the National Science Foundation are on the cutting edge of building a battery that lasts longer and holds more energy. VOA’s Kevin Enochs reports.
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US Treasury Chief Calls Top Bank CEOs Amid Market Plunge

12/23/2018 by WPbiz Leave a Comment

U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.”

U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the S&P 500 index on pace for its biggest percentage decline in December since the Great Depression.

“Today I convened individual calls with the CEOs of the nation’s six largest banks,” Treasury Secretary Steven Mnuchin said on Twitter shortly before financial markets were due to open in Asia.

U.S. equity index futures dropped late on Sunday as electronic trading resumed to kick off a holiday-shortened week.

In early trading, the benchmark S&P 500’s e-mini futures contract was off by about a quarter of a percent.

The Treasury said in a statement that Mnuchin talked with the chief executives of Bank of America, Citi, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo.

“The CEOs confirmed that they have ample liquidity available for lending,” the Treasury said.

Mnuchin “also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly,” the Treasury said.

Mnuchin’s calls to the bankers came amid a partial government shutdown that began on Saturday following an impasse in Congress over Trump’s demand for more funds for a wall on the border with Mexico. Financing for about a quarter of federal government programs expired at midnight on Friday and the shutdown could continue to Jan. 3.

The Treasury said Mnuchin will convene a call on Monday with the president’s Working Group on Financial Markets, which includes Washington’s main stewards of the U.S. financial system and is sometimes referred to as the “Plunge Protection Team.”

The group, which was also convened in 2009 during the latter stage of the financial crisis, includes officials from the Federal Reserve as well as the Securities and Exchange Commission.

Wall Street is also closely following reports that Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell. Mnuchin said on Saturday Trump told him he had “never suggested firing” Powell.

Trump has criticized the U.S. central bank for raising interest rates this year, which could further dampen economic growth. The Fed’s independence is seen as a pillar of the U.S. financial system.

Mnuchin’s calls come as a range of asset classes have suffered steep losses.

In December alone, the S&P 500 is down nearly 12.5 percent, while the Nasdaq Composite has slumped 13.6 percent. The Nasdaq is now in a bear market, having declined nearly 22 percent from its record high in late August, and the S&P is not far off that level.

Corporate credit markets have been under duress as well, and measures of the investment grade corporate bond market are poised for their worst yearly performance since the 2008 financial crisis.

The high-yield bond market, where companies with the weakest credit profiles raise capital, has not seen a deal all month.

The last time that happened was in November 2008.

Trump Aide: White House, Central Bank Tension not Unusual

12/23/2018 by WPbiz Leave a Comment

A White House official says tension between a president and the interest-rate setting Federal Reserve is “traditional as part of our system.”

Acting chief of staff Mick Mulvaney says it should come as no surprise that President Donald Trump is unhappy the central bank, an independent agency, “is raising rates and we think driving down the value of the stock market.”

Speculation about the fate of Trump’s appointed Fed chairman, Jerome Powell, has swirled after Bloomberg News reported that Trump discussed firing Powell after this past week’s rate increase.

Treasury Secretary Steven Mnuchin tweeted Saturday that Trump has denied ever suggesting that and doesn’t believe he has the right to dismiss Powell.

Mulvaney also tells ABC’s “This Week” that the economy’s “fundamentals are still strong.”

China Holds Second Vice Ministerial Call with US on Trade

12/23/2018 by WPbiz Leave a Comment

China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said.

A statement posted on the ministry’s website on Sunday said the two countries “made new progress” on those issues, without specifying further.

It also said China and the United States discussed arrangements for the next call and mutual visits.

On Wednesday, the ministry said Beijing and Washington had held a vice ministerial-level telephone call about trade and economic issues, without providing other details.

The calls took place amid signs of a thaw in a trade dispute between the United States and China, the world’s two largest economies.

U.S. President Donald Trump and Chinese President Xi Jinping this month agreed to a truce that delayed the planned Jan. 1 U.S. increase of tariffs on $200 billion worth of Chinese goods while they negotiate a trade deal.

Chinese Commerce Ministry officials indicated earlier the two countries were in close contact over trade, and any U.S. trade delegation would be welcome to visit.
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