Month: July 2019

Will Restore Due Honour of Bhagwa and Expose Those Who Framed Me

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first_imgBhopal: Named as the Bharatiya Janata Party (BJP) candidate from Bhopal, Sadhvi Pragya Singh Thakur has announced that she would work to restore the glory of ‘bhagwa’ (saffron) and expose those who framed her fraudulently in terror cases.On being asked about the charges in the 2008 Malegaon blasts case, the 46-year-old said the National Investigation Agency (NIA) had given her a clean chit as whatever conspiracy hatched against her had failed, while whatever cases remained would continue. When told about Congress leader and her opponent in the Bhopal Lok Sabha seat Digvijaya Singh’s tweet in which the latter has welcomed Thakur to the picturesque city, the BJP candidate said it was good as both the candidates were fighters in the electoral battle, adding only dharma would win.Asked about how strong she deemed Singh as her competitor, Thakur said that the one who remained on the path of ‘adharma’ could never be strong enough as he possessed no morality, truth or dharma. “He is no challenge for me,” she added.The sadhvi, however, accepted that whatever the Congress veteran had done to malign Hindutva by linking ‘bhagwa’ with terrorism (saffron terror) was an issue for her and she would work to clear the stains from the same.“I will expose the manner in which he violated constitutional provisions to frame me and harass me unlawfully. I would expose the amount of respect he (Singh) has and how much respect the Congress has for women,” she said.The BJP has repeated accused Singh of using the term ‘Hindu terror’, an accusation that Singh has refuted several times, especially after returning to active politics last year. Confident of victory, Thakur claimed she would also expose the manner she was harassed despite being a sanyasin (ascetic).“I will work to make the country safe and restore the glory of ‘bhagwa’,” said Thakur and warned those who speak against the interests of the country. While admitting that she had little experience in direct politics, Thakur said she hoped the work of the Shivraj Singh Chouhan government over the last 15 years would help in her journey.Formally announcing the party’s decision of naming Thakur from Bhopal, Chouhan, the former chief minister of Madhya Pradesh, said Thakur’s life was always devoted to the welfare of the nation and its safety and from now on, she would also serve through politics.Denying talks of delay in announcing her nomination, Chouhan said, “We have devised a strategy for Pragya Thakur’s victory by a record margin.”After announcing Thakur’s name, a BJP meeting was held in Bhopal with local leaders in attendance. Though initially most of the leaders wanted a local candidate, later, all of them spoke in support of the sadhvi.Singh, who had greeted Thakur’s candidature in a tweet, had said that he prayed to ‘Ma Narmada’ for the sadhvi and sought blessings from the river that everyone walked on the path of dharma, truth and non-violence.Later, while speaking to News18, Singh declined to speak much on Thakur’s candidature, but when asked about the sadhvi’s terming the election a battle of dharma and adharma, the senior Congress leader said, “I am a religious person.” bhagwaDigvijaya SinghSadhvi Pragya Thakursaffron terror First Published: April 17, 2019, 8:56 PM IST | Edited by: Sohini Goswamilast_img read more

Never Saw More Cowardly Weak PM Than Modi Says Priyanka Gandhi

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first_img BJPcongressLok Sabha elections 2019Narendra Modi First Published: May 10, 2019, 7:40 AM IST Pratapgarh/Jaunpur (UP): Stepping up her attack on Narendra Modi, Congress leader Priyanka Gandhi Vadra on Thursday said she had never seen “a more cowardly and weak” prime minister than him.”I have not seen a more cowardly and weak prime minister than him (Modi) in my life,” she told an election meeting here, a day after Modi fired yet another salvo targeting her father and former prime minister Rajiv Gandhi, accusing him of using warship INS Viraat as a “personal taxi” for a family holiday. Priyanka Gandhi claimed that Modi had failed to answer people’s questions on his “unfulfilled” promises about generating two crore jobs and doubling farmers’ income.”The power of politics does not come from big campaigns and television shows. People are the biggest in democracy. One should have the power to listen and redress people’s problems. He (Modi) should have the power to listen to the opposition. Leave aside listening to you, this prime minister does know how to reply to you,” she said.”You have been cheated. He (Modi) had promised to check corruption, but now who has been exposed as corrupt?…. He hides the reality with his campaigns. If Modiji comes to you, you should tell him that in Amethi, without power connection, a lady showed a Rs-35,000 electricity bill, while another person showed a bill for Rs 50,000,” the Congress general secretary in-charge of eastern Uttar Pradesh said.She claimed that loans of big industrialists were waived, “but when (Congress chief) Rahul (Gandhi) asked for farm loan waiver, he was told there was no money”.Priyanka Gandhi also claimed that farmers’ insurance money was never paid to them and they were battling the stray cattle menace.”If the prime minister is so powerful, he should say why he could not solve your problems. In every speech, he mentions Pakistan, but he should also tell you what his government has done and will do in the next five years. We are here due to you people and you have made us leaders. People are bigger, not us,” she said.The Congress leader alleged that when thousand of farmers from all over the country had gathered in Delhi and sought “a five-minute appointment from the prime minister, he did not give them time”.”In his (Modi’s) constituency, Varanasi, in the last five years, he could not even spare five minutes to visit the people in the villages, ask them how they are and what are their problems,” she said.Polling for the ongoing Lok Sabha election will be held in 14 seats of Uttar Pradesh, including Pratapgarh and Jaunpur, in the sixth phase on May 12 and the results will be announced on May 23.The war of words between the ruling Bharatiya Janata Party (BJP) and the Congress has turned shriller with Modi raising the issue of alleged corruption during the tenure of Rajiv Gandhi as prime minister, saying his life had ended as “bhrashtachari no. 1” (corrupt number one).At a rally in Delhi on Wednesday, Modi said, “INS Viraat was insulted by using it as a personal taxi. This happened when Rajiv Gandhi and his family was out for a 10-day vacation.”The Congress hit back, accusing Modi of spreading lies about its late leader, who was the prime minister over 30 years ago, as he could see his “imminent defeat” in the ongoing polls.Later, addressing a rally at Jaunpur, Priyanka Gandhi alleged that under the current BJP-led government, those who asked for their rights were termed as “traitors”.”The prime minister has not uttered a word on the SC/ST Act. At Amethi, BJP men beat up two persons to prevent them from casting their votes. The prime minister does not have the courage to talk about your problems,” she said at Badlapur, about 40 km from the Jaunpur district headquarters.The Congress leader said political power came from hearing the grievances of the public and redressing them, listening to criticism and also from lending an ear to rival parties.”But this prime minister neither listens nor gives answers to your problems,” she said, adding that the people of the country were deceived by the Modi government.Priyanka Gandhi wrapped up her day-long visit with a roadshow in Sultanpur, where people lined up on both sides of the road and perched atop rooftops and trees to catch a glimpse of her.She was garlanded by Congress workers and supporters who put up welcome arches all along the three-km route of her roadshow and shouted slogans welcoming her. last_img read more

Parliamentary Affairs Minister Pralhad Joshi Meets Sonia Gandhi Amid Oppn Outreach Before

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first_imgNew Delhi: Parliamentary Affairs Minister Pralhad Joshi on Friday met Congress Parliamentary Party chief Sonia Gandhi and is believed to have discussed the Parliament session beginning June 17.The session, the first of the newly elected 17th Lok Sabha, will go on till July 26 and the Budget will be presented on July 5. Joshi’s visit to Gandhi’s residence is part of the government’s exercise to reach out to the opposition. The meeting lasted around 15 minutes, sources said. Joshi has also met Leader of the Opposition in the Rajya Sabha, Ghulam Nabi Azad and DMK’s (Dravida Munnetra Kazhagam) leader of the house in the Lok Sabha, TR Baalu.Besides presenting the budget, the government is planning to convert into law 10 new ordinances, including one to ban the practice of instant triple talaq. The ordinances were issued in February-March this year by the previous government.After the new MPs (Members of Parliament) take oath on the first two days, the Lok Sabha Speaker’s election is scheduled for June 19. President Ram Nath Kovind will address a joint sitting of both houses of Parliament on June 20. budgetBudget sessioncongressdmk First Published: June 7, 2019, 4:57 PM ISTlast_img read more

WhatsApp blocked in China

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first_imgIt would appear that WhatsApp has caused China enough trouble that the government has blocked the app’s usage entirely. This comes after weeks of smaller blocks within the app, including voice chats, the sending of photographs and other files, and video chats. Now Nadim Kobeissi, an applied cryptographer at Symbolic Software, suggests that China’s blocked all communication with WhatsApp entirely, starting this week. Story TimelineDual-screen YotaPhone 3 announced in China for 2017 releaseTesla looks to begin car manufacturing in ChinaChina’s artificial intelligence plan aims for world-leader status by 2025Alibaba’s Automotive Vending Machine will open in China, ushers in new buying experienceFacebook sneaks into China with photo sharing appNokia 8 might not launch in US or ChinaChina bans use of ICOs in fundraisingA robot in China performed dental surgery on a living person WhatsApp is owned by Facebook, a company which has been attempting to bust in to China for years. Just this August, Facebook “snuck” into China with a new photo sharing app. According to the New York Times, Facebook CEO Mark Zuckerberg has been “studying the Chinese language intensively” in order to push Facebook products back into availability in mainland China. Facebook’s been blocked from use in China since 2009, and Zuckerberg’s been charming China in Mandarin since 2014. Every tech company with little or no presence in China seems to be aiming for a bigger piece of the pie – while China-based tech companies like Huawei aim to increase their presence in the USA.China’s block of apps and websites includes the clamping down on of virtual private network apps and VPN of all sorts this year in particular. Meanwhile this is the year the 19th National Congress is set to take place in China – China’s Communist Party meeting on October 18th, 2017. Surely the two couldn’t be related.As China slows down or stops communication apps that use private or otherwise anonymous means of transfer, well-monitored apps remain speedy. “If you’re only allowed to drive one mile per hour, you’re not going to drive on that road,” said Lokman Tsui, Chinese University of Hong Kong internet communications specialist, “even if it’s not technically blocked.”This blocking or slowing down of specific sites and/or services is the antithesis of Net Neutrality. Neutrality on the web in China is essentially out of the question. Also according to the NYT, web-based chat isn’t completely blocked on networks monitored by Chinese authorities. One example is the WeChat app of the company Tencent. This app is “easily monitored by the Chinese authorities” and remains speedy as WhatsApp is slowed and/or stopped.last_img read more

Bitcoin buys banned by JPMorgan Bank of America

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first_imgEarlier today JBMorgan’s ban was announced and will take place Saturday. Speaking with Bloomberg, JPMorgan representative Mary Jane Rogers suggested the bank “doesn’t want the credit risk” associated with cryptocurrency transactions. That’s straight credit card buys from sources like Coinbase – and the other best-known sources for crypto buys. Bitcoin price at Dow’s worst week in two full yearsWord of the Bank of America credit card crypto buy ban came via an internal memo shared with employees this afternoon. At the same time, debit cards from Bank of America are not affected as such. Word from Citigroup is they’re reviewing transactions dealing with cryptocurrency, while the nation’s 4th and 5th-biggest banks have previously banned said transactions. That’s Discover Card (Discover Financial Services) and Capital One, as it were.UBS Group AG spoke with staff this week about cryptocurrency buys with personal accounts. The group let staff know that as of now, Global Policy on Personal Investment does not include cryptocurrency, but it could soon. As such, pre-clearance for buys is not needed, yet. This internal memo, seen and confirmed by BBCrypto, suggested “additional rules and requirements” could be needed in the near future. Coinbase sent the following message out to users this week. Watch for new fees, don’t be surprised if your credit card no longer works with Coinbase. You know, the usual.“Recently, the MCC code for digital currency purchases was changed by a number of the major credit card networks. The new code will allow banks and card issuers to charge additional “cash advance” fees. These fees are not charged or collected by Coinbase. These additional fees will show up as a separate line item on your card statement.” – CoinbaseSeveral new services for purchasing Bitcoin and other cryptocurrencies for USD were announced over the past week. Updates of apps that’ve already been in play like the Cash app from Square are in the mix now. New services through stock trading apps are springing up too, like Robinhood. The tornado of positives and negatives continues to swirl as the cryptocurrency world makes way for blockchain technology of tomorrow. NOTE that none of what’s here should be seen as financial and/or investment advice. SlashGear takes no responsibility for the actions of the user before, during, or after the reading of this article. Seek out a pro to guide you on into the future! The two biggest banks in the USA have banned cryptocurrency buys on credit cards immediately if not soon. Both JPMorgan Chase & Co. and Bank of America Corp. made moves today to stop credit card buys with known Bitcoin (and other cryptocurrency) sources. That’s with “known” crypto exchanges, starting today – all banned from buys with credit cards from Bank of America and JPMorgan. Story TimelineFacebook bans bitcoin and other cryptocurrency ads because of scammersBitcoin sales opened by Square in Cash appBitcoin price drops again, tide rolls outlast_img read more

LG G7 ThinQ what to expect from LG 2018 contender

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first_imgIn just a few days, one of the latest, and by that we mean “very late” 2018 smartphone flagship will finally be announced. Not that we’re expecting any surprise considering how the LG G7 ThinQ has been leaked to death. What we’ll be waiting for, instead, is to see how LG plans to spin a smartphone that is later than usual, with features you might also find in other smartphones already in the market. But just so that we’re all on the same page, here are the things we expect to find in the LG G7 ThinQ. Notch so fastLet’s face it. This will the most-discussed almost non-feature of the LG G7 ThinQ. LG is probably one of the last major OEMs you expected to jump on the notch bandwagon. Although not as flamboyant as other designs, LG has so far managed to keep its designs simple but unique. Now it runs the risk of being lumped together with every notch-embracing phone out there. LG will undoubtedly spin this as a strength. But no matter which way you look at it, a notch is a notch is a notch.Back to what it knows bestFortunately, that might not be the only thing LG has in terms of the screen. The LG V30 last year had the distinction of being the company’s first OLED Full Vision phone and it seems that, at least for now, it will remain the only one until further notice. With the G7, LG is expected to go back to LCDs. Not just any LCD, mind, but MLCD+. Similar to what Apple is supposedly working on, LG’s MLCD+ promises some of the benefits of OLED screens, like less power consumption and sharper colors, without the costs associated with it. While the LG V30’s screen wasn’t terrible, it also failed to impress. Rather than assign it to growing pains, LG might have decided to, at least for now, call it quits.Bixby deja vuThis is a recent development so there’s a chance we might have gotten it a bit wrong. Suffice it to say, there’s an extra button on one of the sides of the LG G7 ThinQ, allegedly a dedicated AI trigger. Is LG making a new AI assistant to rival the likes of Bixby or Siri? Hardly. It will most likely be used to summon Google Assistant, sort of like its version of the Edge Sense. And if LG’s past good behavior is any indication, users might be able to reprogram what that buttons does.AdChoices广告 LG G7….ThinQ. pic.twitter.com/qEVKHbfGFd— Evan Blass (@evleaks) April 17, 2018 Story TimelineLG G7 ThinQ confirmed and practically announced by LG itselfLG G7 ThinQ details continue to flowLG G7 release details leak: Date with big specs ThinQ againLG will undoubtedly market the LG G7 as an AI-centric smartphone. That’s the very reason it slapped on a “ThinQ” branding in the first place. The question is how useful or memorable its AI offering will be. Especially with so many others chanting the same thing over and over again. Camera AI is nothing new and, for all intents and purposes, it will be reusing expanding Google Assistant. There will be G7-specific controls but probably less than what Samsung Bixby offers. It will definitely be interesting to hear what LG has to say about it.Every bit a flagshipThe G7 will, of course, be big in specs, no question about it. There’s the Qualcomm Snapdragon 845, though the 4 GB RAM is mildly disappointing. The MLCD+ screen gets a 2880×1440 resolution, give or take depending on the notch. LG will most likely play up the phone’s audio capabilities, as it has done in the past years. The dual cameras on the back have also been upgraded to 16 megapixel sensors each, one regular and one wide-angle just as before. In other words, the LG G7 ThinQ is pretty much more of the same, with an emphasis on “more”.PriceThis part is the sketchiest one of all, simply based on what has been done before. Last year’s LG G6 ended up selling for $650 while the LG V30 went for around $800. We expect the LG G7 ThinQ to be somewhere in between, bumping up the price from the G6 thanks to more recent hardware but also being a bit cheaper than the V30 due to its LCD screen. Somewhere along the lines of $750 would be the G7’s sweet spot.Wrap-upLG definitely faces an uphill battle this year. It delayed its early, and maybe even only, 2018 flagship to go back to the drawing board, so to speak. And what came out, at least based on what we’ve gathered so far, might not seem to justify that delay. Then again, after all the hype and fuss, a no-nonsense, typical, and predictable smartphone might just be what the market wants. The LG G7 ThinQ will be announced May 2 in the US so be sure to keep tabs while we cover one of LG’s defining moments this year.last_img read more

See Kilauea from above Hawaiis volcano situation

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first_imgAbove you’ll see a lovely view of “15 Vents Spouting Lava” as captured by the Associated Press. It’s nice to see from afar – but I wouldn’t want to be anywhere nearby, that’s for certain. Next you’ll see a video from Syracuse dot com. They’ve collected a number of video clips of the lava as it creeps (and in some cases bubbles violently) out from Kilauea. The image above shows what MISR caught, both with and without superimposed height data. The plume reaches 6,500 feet (2,000 meters) altitude. This altitude was calculated using the MISR INteractive eXplorer (MINX) software tool. You can take a closer look at the MINX tool over on Github. We’ll more than likely have additional photos and/or video of the area once it’s progressed to more explosive levels. Have a peek at SlashGear’s Science portal for more as it happens. There’s a volcano by the name of Kilauea leaking lava in Hawaii right now – did you know? Let’s have a chat about what’s going down. This week interest in the volcano’s become especially important because of the very active nature of Kilauea’s contents – and therefore the surrounding area. Thanks to the the Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) onboard NASA’s Terra satellite, Hawaii’s been given warning of the hotspots in the area surrounding the volcano. Today we get to see what the satellite’s seen.center_img On the 30th of April, Kilauea’s crater (the mouth, the scariest part of the volcano) began to collapse. Earthquakes broke loose bits of earth, and lava began to flow. Video later in this article shows that lava – filmed by professionals and very, very insane citizens of the island. Do not try this at home.The island where this is all happening is called Hawai’i – the southernmost island in the chain of islands that make up what we know as Hawaii. Kilauea accounts for a sizable chunk of the island, covering the most southeastern and eastern parts of the island. In the image you’re about to see, NASA shows Kilauea on Hawai’i marked with several colors.AdChoices广告• RED: Vegetation• YELLOW: Hot Spots• BLACK: Old lava flow• GRAY: Old lava flowThe image above is credited to NASA/METI/AIST/Japan Space Systems, and U.S./Japan ASTER Science Team. This image was captured on May the 6th, 2018 by ASTER on Terra. The image is a photographic composite showing thermal infrared band-marked hotspots around Kilauea. The bits that you’ll spot in yellow are hotspots. These are the places you’ll want to avoid in the very near future.Below you’ll see another image captured in the same area by the same satellite. This image shows different thermal bands than those shown above, allowing us to see sulfur dioxide plumes of smoke. That’s what the yellow and green show here – nasty, nasty sulfur dioxide, all plumin’ out like nobody’s business. Next we’ve got some imagery from NASA’s Multi-angle Imaging SpectroRadiometer (MISR) instrument, also housed by NASA’s Terra satellite. This is the same satellite as mentioned above, but a different camera. The images were captured on the same day as the images shown above. Story TimelineKilauea volcano in Hawaii sprouts two ‘vigorous’ lava flowsAncient Ceres may have been home to many ice volcanoesStreet View takes you up close and personal with a volcanolast_img read more

Instagram changed your feed and users are seriously unhappy Update Rolled back

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first_imgStory TimelineInstagram tests cleaner, simplified user profile designInstagram rolls out direct short voice messaging option for all usersInstagram is testing new accounts for influencers and celebrities Sorry about that, this was supposed to be a very small test but we went broader than we anticipated. 😬— Adam Mosseri (@mosseri) December 27, 2018 Instagram has updated its app with a new way to scroll through photos, and users are seriously unimpressed. Gone is the familiar scrolling UI that Instagram has used from the start, with friends’ photos and videos posted in a long timeline. In its place is a whole lot of tapping to move through the feed. center_img If you want to see the next photo in the timeline, you have to tap the right side of the screen to move forward. Tapping the left side moves back to the previous image. Your progress through the content is shown with a bar across the top of the screen, underneath the Instagram Stories thumbnails.News of the new interface broke this morning, with Instagram users waking up and checking the app to find a new overlay explaining how the updated UI would work. Judging by the outcry on social networks like Twitter, however, it hasn’t been a well-received surprise. “Worst update ever” and “they ruined Instagram” are fairly representative of the less-profanity-laced comments shared so far.AdChoices广告Unsurprisingly, many Instagram users are asking why the change was made in the first place. All the company has said so far is that it wanted to bring the Instagram feed in line with how you navigate through Instagram Stories. The latter supports tapping left and right, to skip forward and back through photos and videos posted. That hasn’t stopped conspiracy theories from sprouting up, however. One of the most believable is that the change will benefit advertisers most of all. After all, if you inadvertently tap on their advert, rather than to skip, you could find yourself mistakenly opening up the promotion or at least unmuting it.That benefits advertisers, who will presumably be getting more eyeballs, but more than that it benefits Instagram. After all, it’s paid depending on how many people click its ads. It wouldn’t be the first time that the social network’s owner, Facebook, has been accused of trying to push more promotion into our feeds.For Instagram users, it’s absolutely not the timeline change they were hoping for. Back when the app switched to an algorithmic layout, rather than chronological, the backlash was significant. Instagram, though, maintains that its way or organizing things is better, and refuses to change back. Now, the pressure is on to see if it can hold off criticism of this new system too.Update: Well that was quick. Many Instagram users are reporting that the old, scrolling UI is now back, reverting just as unexpectedly as the tap-to-navigate system had appeared. No word if this was a premature A/B test that Instagram is rolling back, launch day jitters, or something else. Update 2: Looks like the answer to our question is “mistake,” with head of Instagram Adam Mosseri confirming that this new UI “was supposed to be a very small test” but one which inadvertently spread wider than intended. According to Mosseri, if you haven’t already got the old scrolling interface back you should restart the app, which should restore it. No word on whether Instagram plans to roll this out officially at some point in the future, however. last_img read more

Tesla Model X buyers just got a welcome surprise

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first_imgTesla has quietly cut the price of its electric SUV, knocking several thousand dollars off of the Tesla Model X. The largest model in Tesla’s line-up, the Model X launch proved trickier than Tesla expected, but recent improvements in production efficiency have loosened up supply. Meanwhile there are also changes in what standard equipment is fitted if you cough up for higher-spec variants of the car, and its Model S sibling. Story TimelineTesla pulls Model X 60D listings after just three monthsModel X and Model S vehicles in the wild with HW2 self-driving techTesla Model X is safest SUV says NHTSA: Watch it get smashed up Previously, the cheapest Model X was the 75D, with a 75 kWh battery and all-wheel drive. It had been listed at $82,500 for cash buyers, but is now $3,000 less, at $79,500. For that, you get the five-seat configuration; a six-seat layout is $6,000 more, while a seven-seat configuration is $3,000. According to Tesla, the change in entry price comes down to its own improvements in manufacturing. In a statement to Elektrek, the electric car company said that refinements in how the SUV is produced has saved it money, and that’s being passed on to buyers. “When we launched Model X 75D, it had a low gross margin,” a spokesperson said. “As we’ve achieved efficiencies, we are able to lower the price and pass along more value to our customers.”That arguably understates just how much trouble Tesla had when the Model X launched. From its distinctive “Falcon Wing” doors, through a panoramic glass windshield that stretched into the roof, to a variety of other technology, hindsight suggested the automaker had bitten off more than it should have for a new model. CEO Elon Musk conceded just that, admitting that the “production hell” the company went through was a result of its own over-ambition.It’s a pitfall Tesla has taken pains to avoid second time around. With the Model 3, the most affordable car in the automaker’s range, Tesla has trimmed the number of possible configurations considerably. Whereas there are around 1,500 ways that a Model S can be built to order, Model 3 buyers will have less than 100 permutations. Meanwhile the upcoming Model Y, a midsize SUV to take on the lucrative crossover segment, will also be more straightforward than initially planned. While Musk had first intended to make it the first vehicle on an all-new Tesla platform, he last week confirmed that it would be broadly based upon the Model 3 architecture. Made at the urging of the Tesla board, the decision will help the company avoid any issues the smaller car encounters as production ramps, Musk said.There are more immediate attempts to cut out option clutter, mind. In addition to the cheaper Model X 75D, Tesla has also adjusted its packaging on more expensive Model X and Model S cars. Both the Model S P100D and the Model X P100D – which are $140k and $145k respectively – now include the Premium Package as standard. Previously, that was a $5k add-on, and included “medical-grade” HEPA air filtration, a custom-tuned audio system upgrade, XM satellite radio, and heated seats, steering wheel, wiper blade defrosters, and washer nozzles. last_img read more

Why the best Galaxy Note 10 experience wont reach Verizon

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first_imgStory TimelineGalaxy Note 10 vs S10 size: Feature leak confirmationsGalaxy Note 10 Pro name for larger model sparks more questionsGalaxy Note 10 could dazzle with a understated holeGalaxy Note 10 5G feature confirmed by Verizon If precedent holds in 2019, the Galaxy Note 10 will similar to the Samsung Galaxy S10 Plus – both in size and in price. With the release of the Samsung Galaxy S10 5G, things might change just a bit. One rumor suggested we’d see more than one Galaxy Note display size at once – for only the second time since the Note lineup was launched.This is sort of like the time Samsung released the one-shot phone called Samsung Galaxy Note Edge back in December of 2014. That was the one and only time Samsung released more than one Galaxy Note phone in a single season. But it’s not the smaller display or the larger display we’re thinking about here when we’re seeking the “best Galaxy Note 10 experience.” It’s the 5G edition, and not just the phone, but the coverage. Verizon confirmed a Galaxy Note 10 with 5G for their network earlier this week. AdChoices广告Verizon and AT&T are releasing what they call 5G “coverage” with mmWave spectrum. As the USA focuses on 5G with mmWave, and carriers aren’t allowed to use sub-6 bands in the states because they’re exclusive to the Federal Department of Defense, they’re sorta stuck with mmWave (for now). Samsung CEO Hans Vestberg spoke about mmWave coverage plans using mmWave spectrum on the same earnings call where the Note 10 5G was confirmed. “We all need to remind ourselves, this is not a coverage spectrum,” said Vestberg. “We will do it as far as economically sustainable.”“Millimeter wave (mmWave) spectrum has great potential in terms of speed and capacity, but it doesn’t travel far from the cell site and doesn’t penetrate materials at all,” said T-Mobile‘s Neville Ray. “It will never materially scale beyond small pockets of 5G hotspots in dense urban environments.”Testing of 5G mmWave sites by reporters and analysts over the last few weeks resulted in some less-than-enthusiastic reactions. “Verizon has insisted that it can use their existing cell site footprint to roll out 5G technology on millimeter wave spectrum. That seems very hard to believe,” said BTIG analyst Walter Piecyk after a test visit to Verizon’s Chicago 5G coverage area. “In our limited testing, the 5G small cells provided coverage of just ~350 feet,” said Piecyk. “In fact, 5G performance suffered from reduced reliability beyond 200 feet when faced with street obstructions. That’s not even close to the 800-2,000 feet radius that Verizon and their vendors have promised.”If the 5G footprint doesn’t get a whole lot more massive by the time August rolls up, there’s no way we’ll get our hands on the full Samsung Galaxy Note 10 experience. Not the “best” Galaxy Note 10 experience in the world, that’s for sure. Head back to September of 2013 and you’ll find NTT DoCoMo in Japan testing 5G real, real early. South Korea sorta launched the first 5G network in the world via SK Telecom earlier this year. According to one Nikkei report, the world’s first 5G network is “fast but patchy.” “The 5G service cut out frequently,” said Kenichi Yamada of Nikkei. “When walking around Seoul, the icon showing that the phone had tapped into the 4G network was lit up more than 30% of the time.” Little did Yamada seem to realize, (or maybe knew, but didn’t say), even 70% 5G connectivity uptime far out-performed any sort of 5G coverage we’ve seen here in the United States.If such an experience appeared here in the United States anywhere other than a couple hundred feet from a 5G mmWave site, we’d be shocked. Shocked and excited. But for now, the best Galaxy Note 10 (5G) experience looks like it’ll be relegated to South Korea. Samsung is at the center of a confusing time in the mobile smart device industry, what with the release of several new eras in connectivity technology. The Samsung Galaxy Note 10 is key to the company’s strategy in continuing to dominate the Android smartphone market, not only because of its release timing, but because of the way Samsung’s positioned the phone in the market – as the PRO smartphone to beat.last_img read more

NVIDIA Studio brings RTX laptops to designers and creators

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first_imgStory TimelineNVIDIA 1650, 1660 Ti release dates, OEMs, and pricingNVIDIA SHIELD mobile console Mystique: How real today?NVIDIA stock spikes as Bitcoin bulls return NVIDIA’s still relatively new RTX graphics cards definitely have some advantages for high-end PC gamers, but gamers aren’t the only ones who can benefit from a bump up in graphics power. Today at Computex, NVIDIA announced the NVIDIA Studio program, which will see it teaming with various manufacturing partners to produce a line of laptops based around these high-end RTX cards. There are already a number of laptops that are home to RTX series cards, but these ones will be aimed at designers and content creators specifically. They’ll be branded with “RTX Studio” badges at retail to make them stand out from gaming-focused RTX laptops, and given their high-end GPUs, will likely be solid choices for video creation, streaming, and rendering.Still, existing gaming laptops with RTX cards are already capable of all that stuff, so what’s the difference between those and these RTX Studio laptops if hardware configurations are mostly the same (or at least similar)? The main difference, it seems, lies in NVIDIA’s Studio drivers. Like NVIDIA’s game-ready drivers, which often include optimizations for specific games, NVIDIA’s Studio drivers will feature optimizations for a range of creative apps from companies like Adobe, Autodesk, Avid, Blackmagic Design, Epic, Maxon, and Unity.The first NVIDIA Studio driver is available today, before any of these Studio laptops are on shelves. This first NVIDIA Studio driver includes optimizations for a few different programs, including Maya 2019 and 3ds Max 2020 from Autodesk, Blackmagic Design’s DaVinci Resolve 16, and Daz3D’s Daz Studio. NVIDIA will issue updates for Studio drivers as the associated creative programs receive updates, just as it does with its game-ready drivers.There’s also the NVIDIA Studio Stack, which is comprised of the Studio Drivers for end users and Studio SDKs and APIs for developers. Studio SDKs can be used to accelerate rendering and processing, but they also allow AI developers to automate some of the menial tasks that come along with content creation, such as tagging photos or color matching video. NVIDIA didn’t give detailed specifications for the first Studio laptops that will make it out of the gate, but with those RTX cards under the hood, we know that users will be able to tap into things like ray tracing for more realistic lighting, AI acceleration through RTX GPUs’ tensor cores, and support for high-resolution video. Though the company couldn’t give specifics on individual Studio laptops (of which there will be 17 to start), it did say that they need to meet certain hardware benchmarks. For instance, Studio laptops need to have a Core i7 CPU or better and 16GB or more of RAM. NVIDIA also said that the Studio program will see laptops released with a range of RTX GPUs, starting at RTX 2060 and going all the way up to the Quadro RTX 5000. For creative types looking to do something relatively simple like game streaming, getting a laptop with a GPU on the lower end of that spectrum might fit the bill, whereas those who want to do 3D rendering would be better served by picking up a laptop with a Quadro RTX GPU.These Studio-branded laptops will start landing on shelves in June, with machines from Acer, ASUS, Dell, GIGABYTE, HP, MSI, and Razer in the pipeline. Laptops in the line will start at $1,599, though obviously the price will go up from there depending on hardware configuration. last_img read more

GOP Schedules Repeal Votes To Bring Attention To Health Law

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first_imgGOP Schedules Repeal Votes To Bring Attention To Health Law This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. One of the highest profile efforts involves the repeal of the health law’s medical device tax, and one proposal also includes language that would trim the measure’s insurance subsidies for low- and middle-income taxpayers.The Hill: GOP Plans To Call Attention To Health Care Law With Tax Repeal Votes Next WeekWith a Supreme Court decision on healthcare fast approaching, House Republicans are doubling down on efforts to bring attention to President Obama’s signature legislative issue. The effort, which includes votes on several measures to repeal taxes under the law, is intended to highlight unpopular aspects of the landmark bill as the presidential campaign between Obama and Republican Mitt Romney heats up (Hooper, 6/2).The Associated Press: GOP Plays Offense In Medical Device Tax FightFor Republicans, it’s an irresistible trifecta: A bill that gives them an election-season chance to say they’re fighting to protect jobs and cut taxes, even as it erodes financing for President Barack Obama’s health care overhaul they despise. So though it is destined to die in the Democratic-run Senate, GOP leaders plan to push legislation through the House this week to repeal an excise tax on the makers of medical devices sold in the U.S. sales (Fram, 6/4).Minneapolis Star Tribune: It’s Health Subsidies Vs. Tax On Med TechnologyU.S. House Republicans are proposing to trim health insurance subsidies for low- and middle-income taxpayers to pay for a bill sponsored by Minnesota Republican Erik Paulsen that would repeal a new tax on medical device makers under President Obama’s health care overhaul. The plan could be a breakthrough for the two-term congressman, who has defined himself as a champion for the state’s medical technology sector. But it could also open a new front in the ongoing battle over the federal health care law, which is now under review by the U.S. Supreme Court (Diaz, 6/3). Minnesota Public Radio: Minn. Democrats Torn Over Medical Device TaxA bill sponsored by Republican U.S. Rep. Erik Paulsen to eliminate a planned tax on medical devices like those made by Medtronic and other Minnesota companies has put Democrats on the state’s congressional delegation in a bind. At issue for the Democrats is whether to support a key state industry or support the federal health care overhaul. The 2.3 percent device tax provides $29 billion in funding for the health care law over the next decade — a vital stream of money. Paulsen, who represents Minnesota’s 3rd District, introduced his first bill to repeal the tax on pacemakers, stents and other medical devices in 2010, not long after Congress — with the House and Senate under Democratic control — passed the health care bill (Neely, 6/4).In other news from Capitol Hill – CQ HealthBeat: Some Democrats Say They Will Not OK Medicaid Offset For Student Loan MeasureIn an attempt to move forward on student loan legislation, Republicans are floating a Medicaid offset that Democrats have proposed in the past — but some Democrats say they won’t accept that plan this time around. The idea — to limit how states can tax Medicaid providers as a way to increase their share of the federal matching payments — has popped up in some Democratic deficit reduction plans. But state health provider groups oppose the idea, and now some Democrats are saying they won’t support the new GOP proposal (Ethridge, 6/1). last_img read more

The Health Laws Impact On Food Stamp Eligibility Will Unions Get The

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first_imgNews outlets offer the latest news on a range of health law implementation issues. Politico: Obamacare Could Increase Food Stamp RollsRepublicans have another reason to hate Obamacare: It could grow the number of people on food stamps. The Obama administration has ordered a study to determine whether the Affordable Care Act, by increasing the number of people eligible for Medicaid, will also increase the number of people enrolled in the Supplemental Nutrition Assistance Program based on how states enroll people (Parti, 11/5).Kaiser Health News: Labor Unions May Get Health Law Tax ReliefWeeks after denying labor’s request to give union members access to health-law subsidies, the Obama administration is signaling it intends to exempt some union plans from one of the law’s substantial taxes. Buried in rules issued last week is the disclosure that the administration will propose exempting ‘certain self-insured, self-administered plans’ from the law’s temporary reinsurance fee in 2015 and 2016 (Hancock, 11/6).Politico: Werfel: IRS On Track With ACA Tax Credits The Internal Revenue Service is successfully verifying income eligibility for tax credits under Obamacare, acting IRS Commissioner Daniel Werfel said on Tuesday. The agency has received more than 1.3 million requests from the state and federal insurance marketplaces and has acted on more than 300,000 requests to determine eligibility for the premium tax credits included in the Affordable Care Act to subsidize insurance coverage. “Our ACA tools are working as planned,” said Werfel, speaking at a tax meeting of the national CPA group, AICPA (French, 11/5). The Health Law’s Impact On Food Stamp Eligibility; Will Unions Get The Tax Relief They Are Seeking? This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.last_img read more

With First Open Enrollment Season Behind Them States Move Ahead — Though

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first_img This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. With First Open Enrollment Season Behind Them, States Move Ahead — Though Slowly Marketplace reports on the lessons learned by states operating their own online health insurance exchanges and how these experiences will affect the year ahead. In related news, the Colorado exchange reports that it’s on track to meet its goal for this year while New York health officials say they will not require out-of-network coverage on next year’s Affordable Care Act plans.Marketplace: State Exchanges Going Into Year Two, But SlowlyAt one point, Affordable Care Act architects thought every state would eventually run its own exchange. So far only about a quarter of states — and the District of Columbia — have actually done it. Or at least, they have tried their best to. Oregon’s exchange voted to have Washington run the IT side of the operation on Friday. That’s after the state received some $300 million in federal funds to get its own of the ground. There are lots of reasons why states may want to take over their exchanges from the feds sometime in the future. But here are six reasons why they may not be in such a hurry: “Hawaii, Maryland, Massachusetts, Minnesota, Oregon and Vermont,” says Caroline Pearson who tracks state exchanges for consulting firm Avalere Health (Gorenstein, 4/25).The Associated Press:  Exchange CEO: 128K Signed Up For Private Insurance The CEO of Colorado’s health-insurance exchange say it’s on track to meet enrollment goals for this year. Patty Fontneau told state lawmakers Thursday that 128,000 people have signed up for private health insurance since the fall. Another 178,000 people signed up for government-run Medicaid coverage. However, she didn’t know how many of the people who got insurance were previously uninsured. Federal regulations don’t require people to report that but half of exchange customers who did answer the question said they didn’t have insurance before (4/25). The New York Times: New York Will Keep Affordable Care Act Health Plans RestrictedNew York State health officials said on Friday that they would not require out-of-network coverage on Affordable Care Act health plans next year, a decision likely to disappoint customers who have complained that they can no longer use their favorite doctors and hospitals. Restricting consumers to a fixed network of doctors and hospitals, called in-network coverage, helps keep costs down, and for the first year, none of the 16 insurance companies in New York’s exchange deviated from that model (Hartocollis, 4/25).Also in the news –Modern Healthcare:  CMS Moving To Neutralize State Control Over Exchange Navigators The CMS wants to tighten the rules for navigators — those who assist people in signing up for insurance on various state and federal exchanges. Its proposed rule would pre-empt recent state efforts to regulate, and some would say hobble, navigators. Stakeholders commenting on the proposal raised concerns about whether the CMS is overstepping its authority in the matter (Dickson, 4/25). last_img read more

Consumers Who Receive Insurance Subsidies Will Be Asked To Verify Income Other

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first_imgMeanwhile, news outlets report the latest on health exchanges in New Mexico, Oregon, Minnesota and Illinois.    Miami Herald: Consumer Asked to Verify Income, Other Information – Or Risk Losing Government Subsidies For Health InsuranceAbout eight million people signed up for a health plan through the ACA exchanges. According to the Kaiser Family Foundation, 85 percent of them were eligible for financial aid, and the government is expected to deliver about $10 billion in subsidies during the first year. Healthcare analysts say some consumers will end up paying higher monthly premiums as a result of the verification process, while others may have to repay some or all of their subsidies if they are found to be ineligible. But for some, like (Luis) Martinez, the verification process has become a maze of red tape (Chang and Madigan, 7/28).Modern Healthcare: Under Pressure To Run Insurance Exchanges, States Wary Of GlitchesNew Mexico has decided to stick with HealthCare.gov for 2015. Given the vast technology problems many state-based exchanges experienced during the first open-enrollment period, state officials there and elsewhere remain wary of running their own websites. New Mexico’s exchange board voted 11-1 on Friday to delay enrollments in the state’s website for another year (Demko, 7/28).The Oregonian: Cover Oregon Gave Ex-Technology Director Aaron Karjala A $70,000 Contract After Resignation Under PressureCover Oregon has given a $70,000 contract to Aaron Karjala, the health insurance exchange’s former top technology official, to assist with litigation against Oracle Corp. Clyde Hamstreet, formerly the exchange’s acting executive director, signed the contract with Karjala June 3, less than three months after Gov. John Kitzhaber publicly called for his firing. Oregon is exploring a lawsuit against Oracle over state officials’ complaints that the exchange’s main technology vendor delivered shoddy work and didn’t keep promises (Budnick, 7/28). The Star Tribune: State Issues Apology For MNcare ErrorThe state of Minnesota is contacting nearly 9,000 recipients of MinnesotaCare health insurance to clarify a letter that incorrectly stated they would lose their subsidized coverage for at least four months if they didn’t re-enroll by July 31. Minnesota used to make new or tardy MinnesotaCare enrollees wait four months for benefits, but that waiting period went away this year as part of federal health changes and the introduction of the MNsure online health insurance marketplace. The affected recipients will lose their benefits for August if they don’t renew by July 31, but they could get them back by September if they enroll sometime in August (Olson, 7/28). Chicago Tribune: Local Health Care Outreach Program To Muslims Ends With RamadanAs the holy month of Ramadan comes to a close on Monday, an annual outreach program aimed at educating Chicago-area Muslims about the importance of health care is finishing up as well. “Ramadan is not just about prayer. It’s about community service,”said Abrar Quader, who attended services at different mosques each night with his father, Azher Quader, executive director of the Compassionate Care Network to help inform people about their coverage options under the Affordable Care Act. The program, called “30 Mosques in 30 Days,” was the combined effort of the Compassionate Care Network, Get Covered America and Heartland Health Center. Over the last four weeks, volunteers spoke to thousands of Muslims, encouraging them to enroll if they have not already and answering questions about how coverage works (Baer, 7/28). Meanwhile, in other implementation policy news – Los Angeles Times: Employer Health Insurance Mandate A Political OrphanWhen President Obama signed the Affordable Care Act, its requirement that large employers provide health coverage or pay a penalty seemed to many supporters a key pillar of the effort to guarantee health coverage to Americans. Four years later and after repeated delays, the so-called employer mandate has become something of an orphan, reviled by the law’s opponents and increasingly seen as unnecessary by many of its backers. Twice in the last two years, the Obama administration has put off the penalties, citing difficulties enforcing the mandate (Levey, 7/28). Consumers Who Receive Insurance Subsidies Will Be Asked To Verify Income, Other Information This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.last_img read more

Fitness Trackers Wellness Programs Get New Scrutiny

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first_img Christine White pays $300 a year more for her health care because she refused to join her former employer’s wellness program, which would have required that she fill out a health questionnaire and join activities like Weight Watchers. … Like many Americans, White gets her health coverage through an employer that uses financial rewards and penalties to get workers to sign up for wellness programs. … Today, a small but growing number of employers tie those financial rewards to losing weight, exercising or dropping cholesterol or blood-sugar levels — often requiring workers to provide personal health information to private contractors who administer the programs. The incentives, meanwhile, can add up to hundreds, or even thousands, of dollars a year. (Appleby, 6/24) Sales of fitness trackers are climbing, and the biggest maker of the gadgets, Fitbit, made a splashy debut on the stock market Thursday. But will the devices really help you get healthier? Experts agree that getting people to set goals — and then reminding them of the goals — absolutely works, and the wearable devices are built to do that. But evidence that people get healthier when using fitness trackers is limited because they are new and studies of them have mostly been small or focused on specific groups of people. (Jay, 6/23) This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. Fitness Trackers, Wellness Programs Get New Scrutiny Evidence that people get healthier when using fitness trackers is limited because studies have mostly been small or focused on specific groups. Meanwhile, the government agency charged with protecting workers from discrimination writes a proposed regulation for wellness programs that attempts to strike a balance between employers who want to use financial incentives to drive participation and consumer advocates who see penalties as coercive.center_img The Associated Press: Fitness Trackers Are Hot, But Do They Really Improve Health? Kaiser Health News: When Is A Workplace Wellness Program Coercive, Rather Than Voluntary? last_img read more

Government Now Pays For Nearly 50 Percent Of Health Care Spending An

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first_img These spending trends could boost public support for policy proposals to regulate prices and boost competition for healthcare services and drugs. For instance, Democratic proposals for Medicare-for-all and public plan options would pay providers at Medicare prices, which generally are significantly lower than what private insurers pay. “The cost trend will make it easier to fund a Medicare-for-all or public option plan, because the price differential between what Medicare and the private sector pay allows you to save money by paying Medicare rates,” said Gerald Anderson, a health policy professor at Johns Hopkins University. (Meyer, 2/20) PBS NewsHour: Health Spending Could Rise 5.5 Percent A Year Through 2027. Here’s Why The New York Times: Build Your Own ‘Medicare For All’ Plan. Beware: There Are Tough Choices. Spending on prescription drugs is expected to increase at an accelerating rate over the next 10 years, according to government estimates released Wednesday — ramping up to as much as 6.1 percent growth by 2020. The Office of the Actuary at the Centers for Medicare and Medicaid Services annually forecasts how much money patients, insurance companies, and the government will spend on health care in the coming decade — so-called national health expenditures. Broadly, they predict total health spending in the U.S. will increase by an annual average of 5.5 percent until 2027. (Swetlitz, 2/20) This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. The Wall Street Journal: Health-Care Spending Projected To Accelerate As Population Ages The Washington Post: Spending Forecast Offers Ammunition — And Some Alarm — For Democrats Pushing Medicare Expansion PBS NewsHour: How Americans Spend Much More On Health Care Than They Realize Even without a history-making health care remake to deliver “Medicare-for-all,” government at all levels will be paying nearly half the nation’s health care tab in less than 10 years, according to a federal report released Wednesday. The government growth is driven by traditional Medicare, which is experiencing a surge in enrollment as aging baby boomers shift out of private coverage, according to the analysis from the Centers for Medicare and Medicaid Services, part of the U.S. Department of Health and Human Services. (Alonso-Zaldivar, 2/20) Stat: Drug Spending Could Rise 6.1 Percent Annually By 2020, Federal Projections Show  The report from actuaries at the Centers for Medicare and Medicaid Services is likely to add to the pressures making health care a significant issue in the 2020 election. Health care’s share of the economy is projected to climb to 19.4% by 2027 from 17.9% in 2017, assuming no legislative changes to the U.S. health system. The faster rate of growth would follow a slower tempo seen in 2017, when increases decelerated to a pace not seen since just after the 2007-09 recession. “While Medicare spending is expected to accelerate the fastest among payers and contribute to the increase, growth in health prices and disposable personal income are also significant contributors,” said Andrea Sisko, an economist at CMS and lead author of the study published in the journal Health Affairs. (Armour, 2/20) Aging baby boomers will consume an ever-larger share of the nation’s health-care spending over the coming decade, regardless of the success of Democrats running for president with ambitious plans to broaden Medicare. The number of people covered through Medicare — and spending on the federal insurance program for older and disabled Americans — is expected to grow more rapidly than private insurance or Medicaid, eating up a larger chunk of health spending, according to a yearly forecast of U.S. health-care expenditures released Wednesday. (Goldstein, 2/21) And take a deeper look at the “Medicare for All” plans that are out there — The Associated Press: Government Headed For Close To Half Of Nation’s Health Tab Modern Healthcare: Healthcare Spending Will Hit 19.4% Of GDP In The Next Decade, CMS Projects  Government Now Pays For Nearly 50 Percent Of Health Care Spending, An Increase Driven By Baby Boomers Shifting Into Medicare A new CMS report projects that U.S. health care spending will surpass $5.9 trillion in 2027, growing to represent more than 19 percent of the economy. Rising prices for health care goods and services are expected to account for nearly half the spending growth, with the rest driven by a mix of factors, including an aging population and more intensive use of services. The spending report may give Democrats campaign fodder for the 2020 presidential election. “Medicare for all” is popular, and not just among Democrats. Most Republicans favor giving people under 65 at least the choice to buy into Medicare. But when people hear arguments against it, their support plummets. It turns out that most people don’t really know what Medicare for all means. Even asking three policy experts might yield three different answers. By our count, there are at least 10 major proposals to expand Medicare or Medicaid. (Frakt and Carroll, 2/21) U.S. households spent $980 billion on health care in 2017, which works out to more than $3,200 per person, according to the Centers for Medicare and Medicaid Services’ annual report on health spending. While that may have been a bitter a pill to swallow, you might be as surprised as I was to learn that consumers directly paid for only a third of the nation’s $2.9 trillion personal health care costs. (Moeller, 2/20) By 2027, nearly 90 percent of Americans are projected to be insured under Medicare, Medicaid or private insurance — a stable rate at pace with population growth but a slight dip from the 90.9 percent of insured Americans today. But spending on Medicare is expected to grow at a faster rate than Medicaid or private insurance, according to the study, offering a clue about why overall spending is likely to increase. (Santhanam, 2/20) last_img read more

CIBC profit rises but narrowly misses expectations

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first_img The Canadian Press Twitter CIBC’s increase came as a decline in profit at the Toronto-based lender’s Canadian personal and small business banking business was offset by gains in other parts of the bank.Canadian Press advertisement Comment Facebook Recommended For YouGovernment supporters rally in Hong Kong to seek end to violence’I don’t have words’: Boss of torched Japan animation studio mourns bright, young staffBritain calls ship seizure ‘hostile act’ as Iran releases video of captureBritish Airways suspends flights to Cairo for seven daysThousands in pro-police rally as Hong Kong braces for another mass protest TORONTO — Canadian Imperial Bank Of Commerce has reported a second-quarter profit of $1.35 billion, up from $1.32 billion in the same quarter last year.The increase came as a decline in profit at the Toronto-based lender’s Canadian personal and small business banking business was offset by gains in other parts of the bank.CIBC says its overall profit amounted to $2.95 per diluted share for the quarter ended April 30, up from $2.89 per diluted share a year ago.Provision for credit losses was $255 million, up $43 million from the second quarter a year ago.On an adjusted basis, CIBC says it earned $2.97 per diluted share for the quarter, up from an adjusted profit of $2.95 per diluted share.Analysts had expected a profit of $2.99 per share for the quarter, according to Thomson Reuters Eikon.Related Stories:Walgreens third-quarter profit falls 23.6%European shares fall as BASF profit warning hits German stocksWall Street rises as Fed’s Williams cements rate-cut expectations Sponsored By: More Share this storyCIBC profit rises, but narrowly misses expectations Tumblr Pinterest Google+ LinkedIn center_img May 22, 20196:27 AM EDTLast UpdatedMay 22, 20196:33 AM EDT Filed under News FP Street Join the conversation → What you need to know about passing the family cottage to the next generation Featured Stories Reddit 0 Comments Email CIBC profit rises, but narrowly misses expectations Decline in profit in personal and small business banking business was offset by gains in other parts of the bank ← Previous Next →last_img read more

Bank of Canada done raising rates until end of 2020 with 40

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first_img Join the conversation → Recommended For YouGovernment supporters rally in Hong Kong to seek end to violence’I don’t have words’: Boss of torched Japan animation studio mourns bright, young staffBritain calls ship seizure ‘hostile act’ as Iran releases video of captureBritish Airways suspends flights to Cairo for seven daysThousands in pro-police rally as Hong Kong braces for another mass protest More advertisement ← Previous Next → Share this storyBank of Canada done raising rates until end of 2020, with 40% chance of cut, poll says Tumblr Pinterest Google+ LinkedIn Reddit Twitter Mumal Rathore Comment May 24, 201910:45 AM EDT Filed under News Economy Bank of Canada done raising rates until end of 2020, with 40% chance of cut, poll says Nobody expects a rate move Wednesday Sponsored By: Featured Stories What you need to know about passing the family cottage to the next generation Reuters Email The Bank of Canada is done raising interest rates until at least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions, a Reuters poll showed on Friday.The central bank, which last raised its overnight rate in October, abandoned its tightening bias last month, putting it more in line with peers like the U.S. Federal Reserve and the European Central Bank.All 40 economists in the latest poll taken May 21-23 said Governor Stephen Poloz and fellow policymakers would hold rates at 1.75 per cent at the May 29 meeting.While median forecasts show rates unchanged from here on, forecasters were split in three directions starting from the fourth quarter of this year. By end-2020, about two-thirds who provided a view said rates would be either unchanged or lower.While the BoC cut its near-term growth outlook in last month’s quarterly monetary policy review, it expects the economy to rebound in the second half of this year.But not everyone is convinced that is about to happen.Related Stories:Bank of Canada to diverge from Fed’s easing path this year‘We see Bank of Canada on hold for next couple of years’: What the economists say about Wednesday’s rate decisionInterest rate cuts could add to the headwinds already facing Canada’s big banks“We see little impetus for policymakers to resume rate hikes over our forecast horizon, as sluggish growth and lingering slack in the economy will continue to warrant leaving some policy accommodation in place,” wrote Morgan Stanley economists in a note.“If growth fails to show any convincing signs of a rebound in 2H19, we think the risks of rate cuts will increase, and given our sluggish outlook, we place a subjective 40 per cent probability that the BoC will deliver at least one 25 basis point rate cut over the next 12 months.”Asked about the probability of a cut by the end of this year, the median from a smaller sample of economists in the Reuters poll put it at 23 per cent. But that rose to 40 per cent by the end of 2020, with nearly a third predicting more than 50 per cent chance of a cut by then.Chances of a rate cut this year are a little less than 20 per cent, according to market speculators.One major concern is the U.S.-China trade war, which has heated up over the past month. A Reuters poll taken earlier in May found the risk of recession in the U.S., Canada’s largest trading partner, had risen this month.“If they (the BoC) cut, it is more likely to be on global weakness – generated by U.S.-China tensions most likely – than weakness specifically in Canada,” said David Sloan, senior economist at Continuum Economics, a consultancy.But there are still some forecasters who expect the BoC to raise rates again. Out of the 30 contributors who provided an end-2020 view, 11 forecast a hike by the end of next year, including four respondents who expect two.“The Canadian economy faces tail risks, but its labour market is historically tight and the Bank of Canada’s policy rate sits below trend real GDP growth,” said William Adams, senior economist at PNC Financial Services.“The Bank of Canada’s next move will be a hike unless the U.S. or Canada fall into recession in the next 12 months.”Chances of a recession in Canada in 12 months were 20 per cent, rising to 27.5 per cent in the next two years, a Reuters poll taken in April found.Separately, a Reuters survey of property market experts published earlier this week showed Canada’s housing market will stay stuck in the doldrums, with average prices stagnating this year and then rising 1.7 per cent next year.© Thomson Reuters 2019 Bank of Canada Governor Stephen Poloz and Carolyn Wilkins, Senior Deputy Governor.Canadian Press 17 Comments Facebooklast_img read more

Porsche Mission E Cross Turismo Gets Production Green Light

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Porsche Cross Turismo Expected To Launch In 2021 Porsche Hints Mission E Cross Turismo Is Autonomous-Ready 15 photos Source: Electric Vehicle News The German automaker is getting serious about its EV plans.Less than a day after we saw the first spy photos of an all-electric Porsche wagon (or a shooting brake, whatever you prefer), the German company has confirmed it will put the Mission E Cross Turismo concept into production. Yesterday, during a high-rank meeting within the automaker, the board of directors has given the study the green light for production, confirming rumors from earlier this year.More Cross Turismo News Watch World’s First Drive Of Porsche Mission E Cross Turismo Author Liberty Access TechnologiesPosted on October 19, 2018Categories Electric Vehicle News The spy shots from yesterday leave us asking ourselves one thing – is Porsche planning two wagon derivatives of its Taycan all-electric model, or the mule from yesterday is cleverly hiding the off-road cues found in the Cross Turismo. We’d be happy to hear the Taycan lineup will include three body styles, a four-door coupe-sedan, a wagon, and a rugged wagon, but we’ll have to wait until further confirmation comes.The Cross Turismo concept was revealed during the Geneva Motor Show in March this year and is basically a rugged electric wagon with improved off-road capabilities. Power is provided by a duo of electric motors with a combined output in excess of 600 horsepower (440 kilowatts), which enable the vehicle to reach 62 miles per hour (100 kilometers per hour) from a standstill in less than 3.5 seconds. Top speed should be over 155 mph (250 kph).The four-door machine rides on the firm’s 800-volt architecture, which means it has fast-charging capabilities. Measured by the NEDC, it can go up to 310 miles (500 kilometers) between two charges and in just four minutes of recharging, the batteries will have enough juice for a range of 62 miles (100 km).Porsche explains it will hire more than 300 additional employees to produce the vehicle, which will join the 1,200 new jobs the automaker is creating to cover the assembling of the Taycan starting from next year.Press blast below:Concept study Mission E Cross Turismo goes into series productionStuttgart. The second electric athlete from Zuffenhausen: At its meeting on 18 October, the Supervisory Board of Porsche AG gave the green light for series production of the concept study Mission E Cross Turismo. The sports car manufacturer will create 300 additional jobs at its headquarters in Zuffenhausen for production of the vehicle, which was presented at the Geneva Motor Show 2018.The road-ready concept study Mission E Cross Turismo was a highlight in Geneva and was well received by both visitors to the show and the media. The four-door Cross Turismo has an 800-volt architecture and is prepared for connection to the fast charging network. It has a system output of 600 hp and a range of 500 km (NEDC). The vehicle is a derivative of the Taycan. The first purely electric Porsche will be launched on the market in 2019. The introduction of the Taycan is generating 1,200 new jobs in Zuffenhausen. Great importance is attached to sustainability in production, which will therefore be carbon-neutral. Porsche plans to invest more than six billion euros in electromobility by 2022. read more