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3 US banks post higher profits with huge assist from tax law

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first_imgNEW YORK, N.Y. – Three of America’s biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year.JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations.Banks are expected to be major beneficiaries of the tax overhaul, which sharply lowered corporate tax rates. Comparing each of the effective tax rates from last year to this year, the three Wall Street banks that reported earnings Friday appeared to have saved roughly $1.6 billion altogether.The first-quarter earnings season will give investors and the public their first good look into how President Trump’s tax law is impacting Corporate America. Publicly traded banks are the first major industry to report their results each quarter.Net income at JPMorgan Chase, the nation’s largest bank by assets and deposits, rose 35 per cent to $8.71 billion. The result was primarily driven by two factors: higher interest rates, which have allowed banks such as JPMorgan to charge more for customers to borrow, and the lower corporate tax rate.However, JPMorgan had to set aside more money to cover bad loans in its consumer bank, where delinquencies have been steadily edging higher. JPMorgan shares fell 2.7 per cent, while shares of Wells Fargo slipped 3.4 per cent and Citigroup shares dropped 1.6 per cent.While JPMorgan’s pretax income rose by $2 billion in the quarter, the company said it effectively paid $240 million less in taxes compared to a year earlier. The bank paid an effective tax rate of 18.3 per cent in the quarter, compared with a rate of 22.7 per cent a year earlier. Before the changes to tax law, JPMorgan’s effective tax rate averaged in the high 20-per cent range.JPMorgan Chief Executive Officer Jamie Dimon has been a big promoter of the tax overhaul, saying it would be good for businesses as well as average Americans. Soon after President Donald Trump signed the law into place, the bank announced higher salaries for most of its retail bank employees, and said it would open branches in a handful of new markets. It also announced an expansion of small business lending.“The global economy continues to do well, and we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit from job and wage growth,” Dimon in a statement.Other bank executives were just as optimistic when speaking about the tax law’s impact. Citigroup Chief Financial Officer John Gerspach told reporters Friday that businesses had only begun taking advantage of the changes.“I think the best is yet to come,” he said.Rising interest rates helped JPMorgan Chase and Citigroup, but not Wells Fargo, which continues to struggle under the weight of several scandals and investigations. Wells disclosed as part of its earnings that they may have to pay as much as $1 billion to federal regulators to settle investigations being conducted by financial regulatory agencies.The Federal Reserve has been steadily raising interest rates for more than two years. Net interest income at JPMorgan was $13.3 billion, up 10 per cent from a year earlier. At Citigroup, net interest revenues were $16.33 billion, up 12 per cent from a year earlier. Wells Fargo reported a slight decline in interest income.JPMorgan’s investment bank also had a solid quarter, helped by much more volatile and active markets last quarter. Net income in the investment bank was $3.97 billion, up from $3.24 billion a year earlier.There were some concerns about JPMorgan’s credit quality, however. The bank had to set aside more money to cover potentially bad loans, and the bank’s total charge-off rate — the percentage of loans it expects are not likely to be repaid — climbed to 1.20 per cent of all loans. That compares to 1.07 per cent of loans in the second quarter of 2017.Citi also had to add to its loan-loss reserves, and reported an 8 per cent increase in its total credit losses in the quarter.JPMorgan’s quarterly revenue was $28.52 billion, up from $25.85 billion. On a per-share basis, JPMorgan earned $2.37 a share, up from $1.65 per share, beating analysts’ forecasts.Citigroup reported a profit of $4.62 billion, or $1.68 a share, compared with a profit of $4.09 billion, or $1.35 per share, in the same period a year earlier. The results beat analysts’ forecasts for earnings of $1.61 a share, according to FactSet. It was the largest quarterly profit that Citi has reported since 2015.Wells reported first-quarter earnings of $5.9 billion, or $1.12 per share, topping Wall Street’s per-share expectations by 6 cents, according to a FactSet survey, That profit exceeds last year’s $5.46 billion, or $1.03 per share, in profit.Wells paid $1.37 billion in taxes in the first quarter, about 36 per cent less than the $2.13 billion it paid last year.___Ken Sweet covers banks and the Consumer Financial Protection Bureau for The Associated Press. Follow him on Twitter at @kensweet.last_img read more

Travel advisory issued for Highway 97 from Taylor to Chetwynd

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first_img#BCHwy97 Travel advisory in effect due to limited visibility with blowing snow from #TaylorBC to North of the Junction with #BCHwy29 in #ChetwyndBC.https://t.co/tOSNtObrti— DriveBC NE (@DriveBC_NE) March 2, 2018In the North Peace, Yellowhead Road and Bridge’s Greg McNeil says, the snowfall with persistent blowing snow has caused large amounts of drifting in the area. Six to ten centimetres of snow and winds of 30 km/m with gusts to 50 km/h are expected between now and Friday night.The arctic front that brought the winter storm warning will stick around until Friday with some areas receiving up to 25 cm of snow. FORT ST. JOHN, B.C. – A travel advisory has been issued for Highway 97 from Taylor to Dawson Creek and from Dawson Creek to Chetwynd.A winter storm warning remains in place for the B.C. Peace.  The heavy snow and strong winds have caused dangerous road conditions.Caribou Road Services says the storm has now extended throughout the whole South Peace area. The highways have limited visibility from blowing snow so please use caution in your travels this evening and into tomorrow. CRS crews and hired equipment are going to continue working hard to clear the snow.last_img read more

More rallies held to support pipelines speaker says convoy coming to Ottawa

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first_imgNumerous rallies and truck convoys have been held across Alberta and Saskatchewan in recent weeks to protest against federal actions that critics say will make building pipelines more difficult. Those include Bill C-69 to revamp the National Energy Board and Bill C-48, which would ban oil tanker traffic on British Columbia’s northern coast.A convoy in Medicine Hat, Alta., last weekend attracted 650 vehicles, according to police, and groups are planning one in February that will travel from Western Canada to Ottawa.“Today, I say to Ottawa, can you hear us yet?” Miller asked the crowd during Saturday’s rally.“Don’t worry, you’ll see us in February when we convoy to Ottawa!”A truck convoy was also held Saturday in Lloydminster, which straddles the Alberta-Saskatchewan boundary.Earlier this month the federal government announced it would spend $1.6 billion to help energy companies struggling due to plunging oil prices. The page stresses that the event is not connected to the so-called yellow vest campaign, which also advocates for pipelines but is associated with opposition to Canada signing the United Nations migration pact.“To be clear, we take issue with bad policies put forward by Justin Trudeau’s government, but we do not favour any political party. This movement is about supporting our families,” the Facebook post states. But Jason Nixon, who represents Rocky Mountain House in the provincial legislature, said what Alberta really wants is pipelines.“Trudeau, we don’t want your money. We want you to get out of the way,” Nixon said to the crowd in Rocky Mountain House.The groups Rally 4 Resources and Canada Action say in a Facebook event post that the convoy to Ottawa is intended to end Feb. 20 on Parliament Hill. The post says letters voicing support for the industry, as well as individual and family photos, will be delivered to the Senate.center_img ROCKY MOUNTAIN HOUSE, A.B. – Speakers at another pro-pipeline rally in Alberta continued their attacks on Prime Minister Justin Trudeau on Saturday, saying if leaders in Ottawa don’t hear their message now, they will when a planned convoy arrives there in 2019.Chad Miller with the group Oilfield Dads told the crowd gathered in Rocky Mountain House that the province is suffering its “worst recession turned depression” in a generation due to weakened oil prices, exacerbated by a lack of pipeline capacity.“Even those that put away for the rainy days and then some have had to use their savings, and more, to try to weather this never-ending hard times scenario,” Miller said.last_img read more

Say no to cheese omelettes for healthier heart

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first_imgDo you savour cheese omelettes? If so, think again as consuming more eggs and dietary cholesterol may up the risk of cardiovascular disease (CVD) and death from any cause, researchers have warned. The study suggests that egg yolks are one of the richest sources of dietary cholesterol among all commonly consumed foods. One large egg has 186 milligrams of dietary cholesterol in the yolk. “The take-home message is really about cholesterol, which happens to be high in eggs and specifically yolks,” said co-author Norrina Allen, Associate Professor at the Northwestern University. Also Read – An income drop can harm brain”As part of a healthy diet, people need to consume lower amounts of cholesterol. People who consume less cholesterol have a lower risk of heart disease,” Allen added. For the study, which will be published in the journal JAMA, the team involved 29,615 adults from six prospective cohort studies for up to 31 years of follow up. They found eating 300 mg of dietary cholesterol per day was associated with 17 per cent higher risk of incident cardiovascular disease and 18 per cent higher risk of all-cause deaths. Also Read – Shallu Jindal honoured with Mahatma AwardThe cholesterol was the driving factor independent of saturated fat consumption and other dietary fat, the team said. Eating three to four eggs per week was associated with 6 per cent higher risk of CVD and 8 per cent higher risk of any cause of death, they added. The researchers say that eating less than 300 milligrams of dietary cholesterol per day was the guideline recommendation before 2015. However, the most recent dietary guidelines omitted a daily limit for dietary cholesterol. The guidelines also include weekly egg consumption as part of a healthy diet. An adult in the US gets an average of 300 milligrams per day of cholesterol and eats about three or four eggs per week. Other animal products such as red meat, processed meat and high-fat dairy products (butter or whipped cream) also have high cholesterol content, said lead author Wenze Zhong from the varsity.last_img read more

Delhi BJP shortlists 21 names for 7 seats

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first_imgNew Delhi: Delhi BJP’s election committee on Friday shortlisted three names each for the seven Lok Sabha seats in the national capital, amid protests by party members over celebrities joining the organisation for tickets ahead of polls, party leaders said. The list, which was finalised at a meeting of the state unit’s election committee, does not include the name of former cricketer Gautam Gambhir, whose name was making rounds as a possible candidate from the New Delhi seat after he joined the BJP, said a leader who attended the meeting. Also Read – After eight years, businessman arrested for kidnap & murder”All the seven sitting party MPs’ names have been included in the list which will be sent to the Central Election Committee for final selection of candidates,” he said. Some other Delhi BJP leaders who attended the meeting claimed “objections were raised over celebrities joining the BJP for Lok Sabha tickets and demanded priority for dedicated leaders and workers during ticket distribution”. The meeting chaired by Delhi BJP chief Manoj Tiwari was also attended by Union minister and Lok Sabha incharge of the unit Nirmala Sitharaman and co-incharge Jaibhan Singh Pawaiya. Also Read – Two brothers held for snatchingsFrom the New Delhi seat, besides sitting MP Meenakshi Lekhi, Delhi BJP incharge and national vice president Shyam Jaju, and Delhi BJP general secretary Rajesh Bhatia have been shortlisted, they said. For the Chandni Chowk seat, names of sitting MP and Union minister Harsh Vardhan, Leader of Opposition in Delhi Assembly Vijender Gupta and Sudhanshu Mittal have been selected. MP Mahesih Girri, Aman Sinha and Delhi BJP MLA OP Sharma have been shortlisted from East Delhi, they said. The name of Tiwari, who is a sitting MP, is in the list of probables from North East Delhi seat. From West Delhi, sitting MP Parvesh Verma, Kamaljeet Sehrawat and Pawan Sharma’s names have been shortlisted. For South Delhi, names of sitting MP Ramesh Bidhuri, Ram Veer Bidhuri and Brham Singh Tanwar have been selected, while Udit Raj (MP), Ashok Pradhan and Anita Arya have been shortlisted from the North West reserved seat, they said.last_img read more

Reviving folk music and culture in Bengal

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first_imgRamakrishna Mission Institute of Culture is going to present a unique programme on Loksangeete Mahajani Pad at the Vivekananda Hall of the Institute on March 30. The programme will be presented by Tapan Roy, an outstanding scholar of Lok sangeet or folk sangeet besides well-known theatre personality Bibhas Chakraborty.Folk music and culture have played an important role in Bengal’s varied and diverse cultural world. In undivided India, East Bengal was very rich in folk culture and music and there were great lyricists who had composed the songs in the local language. The folk songs spoke about communal harmony. Also Read – An income drop can harm brainIt was Lalan Fakir who became the leader of folk music and culture owing to his great work. Along with him, there were a host of great lyricists and composers like Gagan Harkara, Fikir Chand, Radharaman, Hasan Rajashah, Panju Shah, Durbin Shah, and Bijoy Sarkar among others. Over the past three decades, Tapan Roy has been carrying out intense research on folk music and culture and has held workshops and took part in programmes to make people aware of Bengal’s rich culture and heritage. Also Read – Shallu Jindal honoured with Mahatma AwardRoy has directed music in dramas like ‘Lala Fakir’ by Iswar Chakraborty, ‘In the land of Chinopatra’ by Saibal Mitra and some teleserials. He has also composed music for group theatres like ‘Bahoorupi’, ‘Theatre Workshop’, ‘Samakalin Sanskriti’ among others. It may be mentioned that Chief Minister Mamata Banerjee has taken an initiative to bring back folk culture and music in Bengal. Over 2 lakh folk artists are getting month stipend and are taking part in regular programmes organised by various departments of state government. Folk artists are regularly visiting foreign countries where Bengal folk music is becoming increasingly popular.last_img read more

Egypt takes aim at Brotherhoods foreign backers

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first_imgCAIRO- Locked in a crackdown on the Muslim Brotherhood since president Mohamed Morsi’s ouster, Egypt has launched a diplomatic offensive against the movement’s foreign backers armed with funds from its old foes.In their first salvo soon after Morsi was toppled, the military-installed rulers took aim at Qatar — the only Gulf monarchy that openly supported the Brotherhood — by closing the Egyptian channel of Al-Jazeera television.The authorities also detained some journalists working in Cairo for the Doha-based network. In addition, officials said Cairo was willing to return to Qatar funds given to Egypt during the Morsi presidency.But the main confrontation for the new authorities is a diplomatic one that has developed with Turkey.On Sunday, Cairo expelled Ankara’s ambassador after Turkish Prime Minister Recep Tayyip Erdogan condemned the repression of Morsi’s supporters.The tussle began soon after Egyptian security forces broke up two camps of Morsi supporters on August 14 in Cairo, in what was the bloodiest episode in Egypt’s modern history.A day later both Cairo and Ankara recalled their respective ambassadors, but while Ankara later sent its envoy back to Egypt, Cairo’s ambassador to Turkey stayed at home.On Sunday, the two countries went a step further by reducing their diplomatic ties to the level of charges d’affaires.Karim Bitar, a Paris-based analyst, said the row stems from “increasing Egyptian nationalism and bitter regional setbacks for Turkey, including in Syria, which has seen it lose influence” in the region.‘Coup accepted in name of realism’For Shadi Hamid, research director at the Brookings Doha Center, “Egypt’s ruling military leaders are clearly not tolerating any backing to the Muslim Brotherhood, either inside the country or outside.”“Gulf countries like Saudi Arabia, Kuwait and the UAE have provided billions in aid to Egypt which is giving it the degree of latitude” in its diplomatic tactics which has even seen Cairo returning part of Qatari funds, he said.Saudi Arabia and Kuwait announced they would give $9 billion to Egypt just days after Morsi’s ouster on July 3.They even promised to make up for any shortage of military assistance Cairo normally gets from the United States.In October, Washington suspended its annual $1.3 billion military aid to Cairo amid repeated criticisms of Egypt’s deadly crackdown on Islamists.US officials, however, have refused to term Morsi’s ouster as a “coup.”The United Arab Emirates, which strongly backs Egypt’s new rulers, also announced it would provide Cairo with $4.9 billion.Hamid, the Brookings analyst, said Cairo’s public position on the United States or Europe was purely “rhetoric”, with both Washington and Brussels “unwilling to push for any confrontation with Egypt.”“They don’t have that political will,” he said.Bitar said many countries had already accepted what has happened in Egypt.“Most other countries, apart from traditional supporters of the Muslim Brotherhood like Turkey and Qatar, have taken note of the new Egyptian situation and acknowledged the coup in the name of realism and due to their basic hostility towards political Islam,” he said.Washington too is slowly stepping back from its earlier stance, with US Secretary of State John Kerry recently accusing the Brotherhood of “stealing the revolution” of 2011 that ousted long-time ruler Hosni Mubarak.For Bitar the real challenge to Egypt is not any diplomatic isolation but the gradual loss of funds from abroad as “some Gulf countries have warned that the economic aid given to Egypt was emergency assistance and not intended to be a steady financial backing.”“Going forward, the challenges for Egypt will probably be more economic rather than making the legitimacy of the new authorities acceptable internationally.”Cairo University professor Mustafa Kamel al-Sayyed said it was this that made him feel diplomatic tensions with Ankara were only “temporary.”Sayyed said Cairo was unlikely to aggravate ties with Qatar “where hundreds of thousands of Egyptians are working as expatriates because ultimately it could be those employees who pay the price.”last_img read more

Buckeyes would be better off losing before big dance

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There’s a problem with the expectations that come with a perfect record: Anything less than perfection is a total failure. That’s what Thad Matta’s Buckeyes (24-0, 11-0 Big Ten) are faced with. With their great season, these Buckeyes have set National Championship expectations just like the 2006–07 squad did. After what this team has shown so far, anything less would lead to scarlet-and-gray heartbreak. There’s no more esteemed company than John Wooden’s undefeated UCLA championship teams of the 1960s and early ’70s, or Bobby Knight’s Indiana team of ’76 that went unbeaten en route to a title, so it’s unrealistic to put the 2011 Ohio State men’s basketball team into the same category. Now, the talent pool is as wide and deep as it’s ever been. The clich&e exists for a reason: Any team can be beaten on any given night. If you don’t believe that, look at some of OSU’s stressful wins against lesser Big Ten teams and say you weren’t the least bit worried. You can’t. This team is far from perfect. It ranks 162nd in the country in rebounds and relies heavily on just seven players. Matta would tell you it still has plenty of room to improve, despite its flawless record. There would be little harm in the team familiarizing itself with the crushing feeling of defeat sooner, rather than later. A loss during the regular season or Big Ten Tournament wouldn’t change OSU’s chances at a No. 1 seed for the NCAA Tournament. Getting that sentiment out of the way would alleviate the added pressure of going into the NCAA Tournament undefeated and dealing with all the nonmaterial questions about Wooden, Knight and the historical implications. Not to say the Buckeyes should lose on purpose, but knowing what a loss feels like could be beneficial — just ask the football team. OSU would have to get 16 more wins in the regular season and postseason to get to a perfect 40-0, the pinnacle of the sport. It undoubtedly would be one of the most incredible achievements in sports history, given the era and climate of college hoops. Is this team capable? Perhaps. Is it likely to happen? No. Only seven teams have won national titles while going undefeated, none more recent than Knight’s ’76 Hoosiers. Eleven teams have finished the regular season undefeated in the tournament era and come up short of the title. The most recent team to do so was Jameer Nelson and Delonte West’s 2004 Saint Joseph’s Hawks — a team that’s hardly memorable. These Buckeyes don’t want to be in that category. That’s why a national title would mean far more than an undefeated regular season. If they were to flame out in the tournament, the only thing that would be remembered about the 2011 Buckeyes would be their failure to live up to expectations. read more

Opinion 5 questions ahead of Ohio States matchup in Minneapolis

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Redshirt-freshman quarterback J.T. Barrett carries the ball during a game against Michigan State on Nov. 8 in East Lansing, Mich. OSU won, 49-37.Credit: Mark Batke / Photo editorFollowing arguably the biggest win at Ohio State during the Urban Meyer era, the Buckeyes are preparing for their second-consecutive ranked opponent.Entering the third week of the College Football Playoff rankings, the Buckeyes jumped up six spots to No. 8 and the Minnesota Golden Gophers appeared for the first time on the list at No. 25.As the Buckeyes get set to travel to blustery Minneapolis, The Lantern sports editors have come up with a list of five things to look for when OSU takes on the Golden Gophers.1. Can OSU keep its eye on the prize?Let’s be honest, last week’s win over Michigan State was probably the biggest win for the Buckeyes since the 2010 Rose Bowl against Oregon.But was it too much for the Buckeyes to handle?The mantra around OSU since Meyer arrived in Columbus has been giving players and coaches 24 hours to enjoy a win, but redshirt-sophomore wide receiver Michael Thomas said Monday that the Buckeyes were still enjoying the victory.With that said, will the Buckeyes overlook a Minnesota team that is coming off of a 51-14 drubbing of Iowa?Only time will tell.2. Will the weather affect the Buckeye offense?While the entire Buckeye starting offensive line is from Ohio, their starting quarterback is from Texas, and probably hasn’t played in a game as cold as he will Saturday.While the kickoff temperature was 39 degrees last week in East Lansing, Mich., the estimated high temperature in Minneapolis for Saturday, as of Wednesday night, was just 28 degrees with a low of nine.Barrett, who has ignited the Buckeye offense, averaging 304.22 yards per game by himself has been on the sidelines for games like this (see 2013 games against Indiana and Michigan) but has never had to play in such bitter temps.Just one current Buckeye offensive player was on the roster the last time OSU played in Minnesota, and that is redshirt-senior Darryl Baldwin, who was still a defensive lineman at the time.The Buckeyes won 52-10 in the last matchup in 2010, a win that was later vacated because of NCAA violations committed by former coach Jim Tressel, then-quarterback Terrelle Pryor and other players.3. Can J.T. Barrett make a Heisman push?If Barrett can have an encore performance from his 386 total yard, five touchdown game against the Spartans, there is a good chance Barrett could enter serious Heisman discussions.The redshirt-freshman made his first appearance on ESPN’s Heisman Watch this week, and currently ranks second in the FBS in touchdowns responsible for with 34 (26 passing, eight rushing).In addition, Barrett is just five touchdown passes away from breaking the school record for touchdown passes in a season, set by the 2006 Heisman Trophy winner, Troy Smith.For Barrett to enter serious consideration, there is no doubt the Buckeyes will have to win their remaining games, plus a Big Ten title.But if Barrett can look as good as he did against Michigan State the rest of the season, don’t be surprised if you see the Texas native in New York for the Heisman ceremonies.4. Can Minnesota senior running back David Cobb emulate Michigan State’s Jeremy Langford?Minnesota senior running back David Cobb (27) runs the ball during a game against Purdue on Oct. 18 in Minneapolis. Minnesota won, 39-38.Credit: Courtesy of TNSSure, OSU ended up beating the Spartans, but the redshirt-senior running back Langford gouged the Buckeyes’ defense for 137 yards and three touchdowns on just 18 carries.Now that same defense has to find a way to slow down Cobb, who has already racked up 1,205 yards and eight touchdowns on the ground this season. He’s the workhorse of the Minnesota offense — he has 227 carries while the team as a whole has only attempted 165 passes.Apart from an Oct. 25 misstep against Illinois, the Golden Gophers’ only loss this season accompanied Cobb’s worst game of the year. Minnesota lost to Texas Christian University, 30-7, in September, and Cobb had just 41 yards on 15 carries. Outside of that game, he’s had at least 71 rushing yards per game — including a pair of 200-plus yard outings. If the Buckeyes can slow Cobb down, it could be a long day for redshirt-sophomore quarterback Mitch Leidner. But if he gets rolling early, OSU might face a difficult task to keep its seven-game winning streak alive.5. What role will the OSU H-backs play?With sophomore H-back Dontre Wilson — the Buckeyes’ typical starter — out with a broken foot, it’ll be up to a few different players to pick up the slack.The first option is likely to be redshirt-freshman H-back Jalin Marshall, who has already shined multiple times for OSU this season. The former high school quarterback can line up in a variety of positions for the Buckeyes, including at quarterback in the wildcat package.Leading up to the showdown in Minneapolis, Meyer even hinted that the Buckeyes “have a couple passes” in place for Marshall going forward. He failed to connect on his only passing attempt so far this season, but Meyer and the coaching staff clearly have some faith in his arm.But even if Marshall doesn’t let it fly, the H-back spot could have a notable impact for the Buckeyes. Meyer mentioned that freshman Noah Brown will be in the mix, and at 240 pounds, he adds a new dimension to the OSU attack.No matter if Brown is causing mismatch problems with his size or if Marshall is showing off his arm, the Buckeyes will likely try to put as much firepower on the field as they can.OSU is scheduled to take on the Golden Gophers on Saturday at noon in Minneapolis. read more

Gerrards Rangers need to push Celtic says Former Rangers McCulloch

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first_imgEx-Ranger’s captain Lee McCulloch has said that fighting for the title and winning silverware has to be the major aim for Steven Gerrard, new Ibrox manager who resumed duty today.He also said that managing the expectation levels of the fans will be a big challenge since the Ibrox side intends to cut the gap on Celtic.“A good season would be challenging Celtic all the way,” McCulloch, 40, told BBC.Steven Gerrard, Michael OwenOwen reveals why Liverpool didn’t offer Gerrard a new contract Manuel R. Medina – September 6, 2019 According to Owen, the Reds wanted to sell Gerrard two years before he left the club and that’s why they didn’t offer him a contract renewal.“Obviously winning would be brilliant, but if you don’t it’s got to be at least second best, and to bring some sort of silverware back to Ibrox.“The expectation level of the fans, because they had the glory years for so many years apart from the last four and five, has been ‘we’ve got to win’.”Gerrard had won nine trophies as a player with Liverpool, including the year 2005 Champions League, and was capped 114 times by England. He went into coaching with Liverpool’s academy before agreeing to move to Glasgow. He takes over from Graeme Murty, who left the manager’s job three games before the end of last season.last_img read more

Klopp on Dortmund defeat We didnt create chances

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first_imgJurgen Klopp was left feeling that Liverpool ultimately paid a big price for failing to convert their early dominance into goalscoring opportunities as they fell to a 3-1 defeat to Borussia Dortmund on SundayLast season’s Champions League runners-up got off to a promising start at the Bank of America stadium in their United States tour with defender Virgil van Dijk’s first-half header setting the side on course for their fourth win in five pre-season games.However, the players began to fatigue as the game progressed before American forward Christian Pulisic equalised for Dortmund with a penalty.The highly-rated youngster then added a second before Danish winger Jacob Bruun Larsen sealed a 3-1 win for Dortmund.“The beginning of Dortmund was good, then we controlled the game kind of but we didn’t create chances,” Klopp told the club website.“But we scored the goal after a nice set-piece. Set-pieces were probably the most positive thing today. In the second half we played much better against a completely different Dortmund side. Our pressing was much better. Dortmund tried to play football and played our cards, if you want, which helps us a little bit to do this. We won the balls but we didn’t do very good things with the balls we won.”He continued: “The surprise is that we scored the goal in the first half and not in the second half. We had two big chances after set-pieces again with Dom Solanke and Joe Gomez. We had a big, big chance with Ojo. Daniel was in a few good moments. We had these moments and I liked the football we played there.”Roberto Firmino, LiverpoolVirgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.The German coach lamented the penalty they gave away that enabled Pulisic to equalise for Dortmund.“We had two drinks breaks that were not drinks breaks deep in our own half, around our box. We lost the ball again, had it back and lost it again; Pulisic can go in the box and it’s a penalty. Dortmund scored a similar goal against City. That can happen, I don’t like it but it can happen and it’s easy to explain. On a day like this, you have to stay strong and show desire still or kind of greed that you at least want to keep the result at 1-1,” said Klopp.But overall Liverpool’s inability to create enough chances were what ultimately sealed their fate against Klopp’s former club.“At one moment we could have scored again and had this very tight offside situation. I watched it back and they were both onside but we cannot change that anymore. It felt like that in the game. It would have been two big chances, James Milner alone in front of the goal,” he said.“It doesn’t help really and I don’t want to excuse the result but we had these situations and didn’t, or couldn’t, use them. Then Dortmund scored a second and the third was really too much. The fourth would have been possible after we lost the ball again, you could see morale was really down. We have to learn from it, that’s how it is, and then we have to go again.”Liverpool will next face Manchester City on Thursday morning at 02:05 (GMT +2).last_img read more

Benitez hails Newcastles important win

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first_imgNewcastle United manager Rafa Benitez has praised their 1-0 win at Huddersfield as “really important” as the Magpies moved six points clear of the relegation zone.Salomon Rondon scored the only goal of the game at the John Smith’s Stadium on Saturday as Newcastle United claimed all three points and moved further away from the relegation zone.“It was a really important for us, and them, so to get three points here in the way that we did, with a big effort from every player, is always something you have to be satisfied with,” Benitez told Sky Sports.“We tried to play on the counterattack and defend well, against a good team.“They were pushing, with a lot of crosses, balls in the air and when they wouldn’t do that they tried to do it with penetrating passes through the middle instead.Premier LeaguePremier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…“We had to deal with all these situations, but in the first half we gave the ball away a little bit cheaply.“We were stronger in the second half and they didn’t have the space, it wasn’t easy for them, and we knew we would have to play on the counterattack.“We scored a goal, we had another which was not offside, but that’s it – we got the three points.“They are a good team, they worked hard and will do until the end. We have to carry on and I’m sure they will do too.”last_img read more

Avalanche Closes Richardson Highway Near Valdez

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first_imgOver the past 24 hours, a mix of heavy snow and rain has fallen in Valdez and the Copper River Basin resulting in very difficult and hazardous driving conditions on the Richardson, Edgerton, Glenn and Tok Cutoff highways. Temperatures have ranged in the high 20s to mid-30s. Crews will start clearing avalanche debris when the weather improves, avalanche risk decreases and it is safe to work in the area. Currently, heavy snow fall and unseasonably warm temperatures are creating prime conditions for additional avalanches. FacebookTwitterEmailPrintFriendly分享The Alaska Department of Transportation and Public Facilities says the Richardson Highway is closed near Valdez, from mile 12-55, due to an avalanche at mile 39. The avalanche occurred this morning at approximately 3:30 a.m., and is an estimated 20 feet deep and 200 feet long. All available plows and sand trucks are out working to keep roads passable.center_img For updated road conditions visit 511.Alaska.Gov or call 511. The National Weather Service forecasts that heavy snow will taper off this afternoon, however light snow will continue overnight. The heaviest accumulation will be in Thompson Pass, with up to 45 inches. Valdez has received 12 inches of snow as of 6:30 a.m. and snow continues to fall steady across the region. Another weather front is expected to move in from the gulf Thursday, possibly bringing heavy snow for Thompson Pass with snow and rain in Valdez.last_img read more

129000 Rohingyas trapped in squalid Myanmar camps

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first_imgRohingya Muslim children and elders gather at the Thet Kel Pyin camp in Rakhine state during the Eid al-Adha celebrations on 22 August 2018. Photo: AFPAbdurahim worries the lack of food, medicine and free movement is doing lasting damage to his four young children, who are among more than 129,000 Rohingya Muslims trapped in squalid camps inside Myanmar’s Rakhine state.In the grimy, rubbish-strewn alleyways of Thet Kel Pyin camp, near the state capital Sittwe, children gather around a slaughtered cow, a rare chance to eat meat on the second day of the Eid al-Adha festival.Most of the camp’s residents were forced from their homes in 2012, victims of ethnic and religious hatreds that have simmered for decades.Cut off from outside contact, their plight is rarely reported.Abdurahim, 46, fears that everyday life in the camp-split communities, restricted movement for the Rohingya and dependency on relief handouts-will shape his children forever.Aged between eight and 17, their formative years have been spent in Thet Kel Pyin, where the family arrived six years ago.“What kind of memory comes into their head? They think only one ethnicity lives like this,” Abdurahim-whose Myanmar name is Shwe Hla-told AFP.“Their vision is becoming like this.”His family’s struggle is overshadowed by the vast scale of the Rohingya refugee exodus into neighbouring Bangladesh that began one year ago.An army crackdown last August saw 700,000 of the persecuted minority flee over the border to one of the world’s largest refugee camps in violence the UN and US have likened to ethnic cleansing.Grim realityConditions in Thet Kel Pyin, witnessed during a brief visit late Wednesday on a government-steered press trip, suggested a dire need for food, education, jobs and medical services.But it is probably among the better camps in Rakhine, where government minders are willing to take media and visiting dignitaries.Visitors are denied access to other sites, like those in remote Pauktaw township where more than 22,000 eke out an existence in shelters built upon piles of garbage and excrement.Kaman Muslims live alongside the Rohingya in the camps, where many struggle with deteriorating health.“After six years here, our health is worsening,” said Thin Mya, a 64-year-old Kaman Muslim mother of four. “The rooms are so close to each other so… the health problem is getting bigger.”The first step to improving the grim reality of internally displaced Rohingya is “freedom of movement”, said Abdurahim, once a prosperous owner of a construction business in Sittwe.Myanmar says it is ready and willing to repatriate the hundreds of thousands of Rohingya who have fled to Bangladesh since last year.But it has complicated the process with bureaucracy while the refugees refuse to return without guarantees of safety, security and compensation.The UN has said conditions in Myanmar are not ripe for a safe and voluntary repatriation, especially given the desperate conditions in camps like Thet Kel Pyin, which were established after previous rounds of violence.To head off criticism, Myanmar says it will close nearly 20 of the camps in coming months.State media on Tuesday said one camp had been closed at Ni Din in the Kyauktaw area of Rakhine, following recommendations by the late United Nations secretary-general Kofi Annan released last year.But the UN’s Office for Coordination of Humanitarian Affairs questioned whether these “so-called camp ‘closures’” were being done in the spirit of those recommendations, which emphasised an end to movement restrictions and granting the Rohingya a pathway to citizenship.“What matters most is not whether a camp is closed, but whether the displaced people in them can go home or be relocated in a process that profoundly transforms their lives,” OCHA spokesperson Pierre Peron told AFP.Myanmar’s government denies allegations of ethnic cleansing of the Rohingya, yet labels them “Bengalis” non-native to the Buddhist-majority country.It insists that any Rohingya who return from Bangladesh should take up a National Verification Card, a form of ID that falls short of citizenship and denies them full rights.“Why do we need to hold this National Verification Card?” said Abdurahim. “We have lived here for generations.”last_img read more

Harris County DA To Review Case Of Freed Death Row Inmate

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first_img Share Harris County District Attorney Kim Ogg has named Houston lawyer John Raley to review the case of former Texas death row inmate Alfred Dewayne Brown to determine if Brown is actually innocent of the shooting death of a Houston police officer and eligible for nearly $2 million in state compensation.Brown was freed in 2015 after spending a decade on death row for the 2003 slaying of Officer Charles Clark during a robbery of a check-cashing store. Brown insisted he wasn’t involved. The Texas Court of Criminal Appeals granted him a new trial, ruling his rights were violated because a detective failed to turn over telephone records that could have aided his defense.The previous district attorney, Devon Anderson, dropped charges but declined to pursue Brown’s actual innocence claim.last_img read more

Cardinals Fall To No 17 Wake Forest

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first_imgThe Cardinals return to action next Sunday as they host Boston College at 10 a.m. Tennis Match Results Wake Forest vs Louisville 3/24/2019 at Louisville, Ky. (Bass-Rudd Tennis Center) #17 Wake Forest 6, Louisville 1 Match Notes:Wake Forest 17-3 (7-1); National ranking #17Louisville 10-9(2-7) Order of finish: Doubles (1,3,2); Singles (4,5,1,2,3,6)T-3:19 A-103  Print Friendly Version In singles, Neely earned the sole point for the Cardinals, taking down Saby Nahalani in straight sets, 6-2, 6-3 on court four. On court five, Carter got the best of Wong, 6-2, 6-4 while #32 Davis defeated Suswam 6-1, 6-4 on court one. Doubles Competition1. #28 Chandler Carter/Emma Davis (WF) def. Sena Suswam/Dina Chaika (LOU) 6-12. M.C. Meredith/Eliza Omirou (WF) def. Raven Neely/Diana Wong (LOU) 7-6 (7-1)3. Aleksandra Mally/Chloe Hamlin (LOU) def. Peyton Pesavento/Alexis Franco (WF) 6-4 LOUISVILLE, Ky. – The University of Louisville women’s tennis team fell to No. 17 Wake Forest 6-1 on Sunday afternoon at the Bass-Rudd Tennis Center. Singles Competition1. #32 Emma Davis (WF) def. Sena Suswam (LOU) 6-1, 6-42. Anna Ulyashchenko (WF) def. Nikolina Jovic (LOU) 7-6 (7-5), 6-13. Eliza Omirou (WF) def. Aleksandra Mally (LOU) 6-4, 7-54. Raven Neely (LOU) def. Saby Nihalani (WF) 6-2, 6-35. Chandler Carter (WF) def. Diana Wong (LOU) 6-2, 6-46. Peyton Pesavento (WF) def. Dina Chaika (LOU) 6-0, 3-6, 6-0 In doubles action, Sena Suswam and Dina Chaika fell to Chandler Carter and Emma Davis 6-1 on court one. Aleksandra Mally and Chloe Hamlin deafeated to Peyton Pesavento and Alexis Franco 6-4 on court three. Raven Neely and Diana Wong battled, but could not overcome M.C. Meredith and Eliza Omirou and fell 7-6 (7-1) on court two. Nikolina Jovic rallied but ultimately fell to Anna Ulyashchenko 7-6 (7-5), 6-1 on court two. On court three, Mally fell to Omirou, 6-4, 7-5. To wrap things up on court six, Dina Chaika managed to win a set from Pesavento, but fell 6-0, 5-6, 6-0. Story Linkslast_img read more

Disney Content Lineup Will Be Less Than 20 of Netflixs but Disney

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first_imgAnd Disney is prepared to invest heavily in Disney+, although not on the order of Netflix (which analysts project will have a $15 billion total content spend in 2019). For Disney’s fiscal year 2020 (which ends in the September quarter of next year), the company expects to spend $1 billion in cash on original programming for Disney+, rising to to around $2.5 billion by 2024, CFO Christine McCarthy told analysts at the Disney investor day earlier this month.By fiscal year 2024, the company projects that Disney+ will encompass over 120 recent movie releases and more than 500 library films; over 10,000 TV episodes; and more than 50 original series and 10 original films and specials.Both in the near and long term, Disney is well positioned to be a significant SVOD player, according to Dallas Lawrence, chief brand officer at ad-tech vendor OpenX. “If content is king, Disney owns the castle,” he said, adding that the media conglomerate operates an “unrivaled content factory of beloved movie franchises and television shows,” including those from Star Wars, Marvel and Pixar.Disney+ has plenty of room to gain share of consumer SVOD spending — it’s not a zero-sum game. On a related note, as consumers increasingly cut the cord on pay TV in favor of OTT services, Netflix could even benefit from the entry of Disney+, WarnerMedia, Apple TV+ and others.One data point here: A recent survey commissioned by OpenX found that American consumers who use over-the-top video services said they’re willing to pay upwards of $100 per month on average for self-made bundles of subscriptions. Of course, what people say and what they do can be very different. In any case, at $6.99 per month, Disney+ will be an attractive option, even if Disney later hikes the price a bit. The survey was conducted online by Harris Poll from Feb. 13-March 6, 2019, among 2,002 U.S. consumers 18 or older who reported using at least one OTT service.Disney has really aggressive targets — McCarthy’s model forecast 60 million-90 million Disney+ subscribers by end of FY 2024, two-thirds of those outside the U.S. It’s clear Disney has the content assets, powerful brands, financial wherewithal and the addressable market to make a big run at SVOD. The key question is how quickly it can ramp Disney+ into a sustainable business. Popular on Variety First of all, it’s no surprise that Disney+ won’t have a title count comparable to other SVOD players out of the gate. More important, raw numbers aren’t everything: They don’t reflect the total value or appeal of a subscription service.Here’s a critical point: Disney’s top content beats both Netflix and Amazon in consumer perceptions of quality, according to Ampere Analysis. The U.K.-based firm compared the top 100 original-labeled titles (movies and TV seasons) currently available across top U.S. SVOD platforms. The Ampere Rating grades content on a scale of 1-100 (with 100 being the best) based on a proprietary algorithm that assesses user opinion of individual titles.What Ampere’s analysis found is that the existing U.S. catalog of Disney content ranks above Amazon and Netflix, trailing only HBO (see chart below).“Every Disney title will need to guarantee an audience, but with the entirety of Disney and Fox’s library to choose from, that’s very achievable,” said Richard Cooper, research director at Ampere Analysis.Notwithstanding its relatively small title count, the Disney+ direct-to-consumer service will pack a huge punch with high-profile, big-name movies and shows. Those include the Marvel and Star Wars franchises, classic Disney and Pixar films, Fox titles including 30 seasons of “The Simpsons,” and original films and series, including Star Wars-set show “The Mandalorian” from Jon Favreau. Read more about the Disney+ lineup here: Disney+ Lineup: All the Shows and Movies Confirmed for Streaming Service.Note, too, that Disney is winding down its licensing deal with Netflix, which previously had an exclusive SVOD window in the U.S. and Canada for Disney movies. Starting with 2019 releases, all Mouse House titles will be available to stream only on Disney+; those include “Captain Marvel,” “Toy Story 4,” “Avengers: Endgame,” “Frozen II,” the live-action remakes of “Aladdin” and “The Lion King,” and “Star Wars: The Rise of Skywalker” (Episode IX). ‘Star Wars: The Rise of Skywalker’ Stars Tease How Saga Ends Related What’s Coming to Netflix in September 2019center_img For reference, per Ampere Analysis, here’s how the number of Disney+ selections in the first year will stack up against other streaming platforms: And here is Ampere Analysis’ comparison of the top 100 movie titles available on SVOD services: Disney will roll into the subscription VOD wars with a smaller content selection than rivals — with a strategy of playing to quality, not quantity.Disney+, the Mouse House’s new SVOD entry launching in the U.S. this November at $6.99 monthly, will cost nearly half of Netflix’s standard HD plan. But in its first year, Disney+ will have less than one-fifth of the selections on Netflix in the U.S., according to a study by research firm Ampere Analysis.In the first year of launch, Disney+ will include 7,500 episodes of current and past TV shows and 500 movies, according to Disney. That represents just 16% of Netflix’s U.S. catalog of 47,000 TV episodes and 12.5% of the Netflix movie library of 4,000 titles, Ampere Analysis estimates.In addition, Disney+ will have a lighter TV lineup than Hulu, Amazon Prime Video and CBS All Access, as well as fewer movies than Prime Video — which includes more than 12,000 titles — Hulu, Starz Play, and HBO Go, according to Ampere’s study. (See charts below.) ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15last_img read more

Researchers explore Liair battery reversibility on the nanoscale

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first_img Explore further The researchers, Thomas Arruda, Amit Kumar, Sergei Kalinin, and Stephen Jesse at Oak Ridge National Laboratory in Tennessee, have published a paper in a recent issue of Nanotechnology in which they explore factors controlling the reversibility of the particle growth on an electrolyte underlying Li-air batteries and nanobatteries.“We believe this work paves the way for studying irreversible or quasi-reversible nanoscale electrochemistry – in materials systems ranging from Li-air batteries to more established fields such as corrosion, electroplating, and many others,” Kalinin told Phys.org.“Primary Li batteries, which are non-rechargeable and disposable, have high energy densities and have been commercially available since the 1960s; however, they can only be used once,” said Arruda. “In order for these cells to be competitive, for example, with fossil fuels (i.e., automotive applications), they need to be recharged hundreds, if not thousands, of times. Consider the average commuter refueling once per week. This equates to more than 500 fills over the course of a decade. An automotive Li-air battery would need to match this criterion, even without considering cost or other important metrics. In fact, reversibility remains the single most important and difficult task to achieve for Li-air batteries, as evidenced by the intense scrutiny of the leading battery experts.” When a charged Li-air battery is in use, the Li ions in the anode travel to the cathode, where they react with oxygen via an oxygen reduction reaction. The electrons resulting from this reaction are then harvested and used to provide electricity for electronic devices. To recharge the battery, the Li ions must travel from the cathode back to the anode. As the researchers explain, the reason it is so difficult to make Li-air batteries rechargeable is because the batteries combine the most difficult processes used in both batteries and fuel cells. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Researchers explore Li-air battery reversibility on the nanoscale (2012, August 8) retrieved 18 August 2019 from https://phys.org/news/2012-08-explore-li-air-battery-reversibility-nanoscale.html Li-Air: Argonne opens new chapter in battery research (w/ Video) “Underpinning these processes is an abundance of unfavorable chemistries such as the poor solubility of reaction products (LiOx species), slow reaction kinetics, and the propensity of Li metal to react unfavorably with nearly everything,” Jesse said. “For the case of the anode, the electrodeposition of Li ions to metallic Li often proceeds with the formation of needle-like Li particles called dendrites. These particles negatively affect the battery by (1) becoming disconnected from the anode and thus unavailable to participate in the reaction and (2) increasing the risk of an internal short circuit which could cause thermal runaway and fire. At the cathode, the oxygen reduction reaction remains as big a challenge for Li-air batteries as it is for fuel cells. When the two reactions are combined, they form a mixture of insoluble products which are difficult to react in reverse and eventually choke the cathode.”In their study, the researchers used an atomic force microscope (AFM) to investigate battery reversibility by analyzing the growth of Li particles. While sweeping the bias of a 20-nm AFM tip across the surface of a Li-ion conductive glass ceramic electrolyte, they measured the change in tip height during the cycling process. They found that increases and decreases in the tip height correspond to changes in current, allowing them to demonstrate the existence of reversibility as well as map the degree of reversibility at different locations.In the future, the researchers hope to further improve the reversibility, and note that Li-air batteries still face many other challenges before they can become commercialized.“Technological developments and systems engineering on all major components of Li-air batteries are required to bring this technology to market,” Kalinin said. “Better catalysts are needed on the cathode, Li anode protection without functional hindrance remains paramount, and superior multifunctional electrolytes need development. The ubiquitous necessity to understand fundamental processes at the most basic level of the key battery components remains a top priority. Only after a comprehensive understanding of the elementary processes is achieved can the chemistries be fine-tuned and the systems be properly engineered to meet the metrics demanded by the application.”If researchers can overcome these challenges, Li-air batteries could potentially store energy for a wide variety of applications.“If Li-air batteries could be realized, the primary application would be for transportation and other situations where mobility is necessary (like laptops, etc.) since they will be very lightweight for the amount of energy they store,” Arruda said. “Optimization of Li-air batteries to include a large number of charge/discharge cycles will drive down the cost and make fully electric vehicles a reality without the need for heavy batteries as is the current situation. Beyond this, it is easy to envision this technology (Li-air nanobatteries) being applied to microelectromechanical and nanoelectromechanical systems (MEMS and NEMS). These may be the ideal systems to employ such energy sources as they would have much lower energy demands and could operate for extended periods of time.”center_img Copyright 2012 Phys.Org All rights reserved. This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of PhysOrg.com. More information: Thomas M. Arruda, et al. “The partially reversible formation of Li-metal particles on a solid Li electrolyte: applications toward nanobatteries.” Nanotechnology 23 (2012) 325402 (9pp). DOI: 10.1088/0957-4484/23/32/325402 Journal information: Nanotechnology (Phys.org) — As their name suggests, Li-air batteries use air to operate, pulling out oxygen molecules to use in a porous, carbon-based cathode, while using lithium in the anode. Because using air means the battery doesn’t have to store a heavy charge source at the cathode, the batteries can provide an extremely high energy density, holding nearly as much energy in a given volume as gasoline, and 5-10 times more than Li-ion batteries. Despite this major appeal, Li-air batteries still face many limitations that hold them back from commercialization. In a new study, a team of researchers has tackled one of these challenges: reversibility, which is necessary for being able to recharge the battery multiple times.last_img read more

Computer generated math proof is too large for humans to check

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first_img © 2014 Phys.org Credit: arXiv:1402.2184 [cs.DM] Journal information: arXiv Citation: Computer generated math proof is too large for humans to check (2014, February 19) retrieved 18 August 2019 from https://phys.org/news/2014-02-math-proof-large-humans.html Mathematician announces that he’s proved the ABC conjecture Anyone who has taken a high level math course can attest to the fact that math proofs can sometimes grow long—very long. Some mathematicians have dedicated years to creating them, filling whole text volumes in the process. Quite naturally then, mathematicians have increasingly turned to computers to perform some of the more mundane parts of proof creation. It wasn’t long, however, before some began to realize that at some point, the proofs spit out by the computer would be too long, complicated or both for a human reader to fully comprehend. It appears, with this new effort that that day might have come.Erdős discrepancy problem revolves around trying to find patterns in an infinite list of just the two numbers “1” and “-1”. Named after Paul Erdős, the discrepancy problem arises when cutting off the infinite sequence at some point and then creating a finite sequence using a defined constant. When the numbers are added up, the result is called the discrepancy figure. Lisitsa and Konev entered the problem (with a discrepancy constant of 2) into a computer running what they describe as state of the art SAT solvers—software that has been written to create mathematical proofs. The proof that the computer came up with proves, the two researchers claim, “that no sequence of length 1161 and discrepancy 2 exists.”Unfortunately the file produced was too large to read—for comparison’s sake, it was a couple of gigabytes larger than the whole of Wikipedia. This leads to an interesting conundrum for mathematicians going forward. Do we begin accepting proofs that computers create as actual proofs if they are too long or perhaps too difficult for our minds to comprehend? If so, we might just be at a crossroads. Do we trust computers to handle things for us that our beyond our abilities, or constrain our reach by refusing to allow for the creation of things that we cannot ever possibly understand?center_img (Phys.org) —A pair of mathematicians, Alexei Lisitsa and Boris Konev of the University of Liverpool, U.K., have come up with an interesting problem—if a computer produces a proof of a math problem that is too big to study, can it be judged as true anyway? In a paper they’ve uploaded to the preprint server arXiv, the two describe how they set a computer program to proving a small part of what’s known as “Erdős discrepancy problem”—the proof produced a data file that was 13-gigabytes in size—far too large for any human to check, leading to questions as to whether the proof can be taken as a real proof. Explore further More information: A SAT Attack on the Erdos Discrepancy Conjecture, arXiv:1402.2184 [cs.DM] arxiv.org/abs/1402.2184AbstractIn 1930s Paul Erdos conjectured that for any positive integer C in any infinite +1 -1 sequence (x_n) there exists a subsequence x_d, x_{2d}, … , x_{kd} for some positive integers k and d, such that |x_d + x_{2d} + … + x_{kd}|> C. The conjecture has been referred to as one of the major open problems in combinatorial number theory and discrepancy theory. For the particular case of C=1 a human proof of the conjecture exists; for C=2 a bespoke computer program had generated sequences of length 1124 having discrepancy 2, but the status of the conjecture remained open even for such a small bound. We show that by encoding the problem into Boolean satisfiability and applying the state of the art SAT solvers, one can obtain a sequence of length 1160 with discrepancy 2 and a proof of the Erdos discrepancy conjecture for C=2, claiming that no sequence of length 1161 and discrepancy 2 exists. We also present our partial results for the case of C=3. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more