Monday, November 30, 2015

20-year-old Chinese player on the cusp of history at HSBC


SHANGHAI (AP) — Li Haotong practically grew up with the HSBC Champions. He took part in its junior golf program, watching over the last decade as players like Tiger Woods, Phil Mickelson and Ernie Els competed at Sheshan International.

And now the 20-year-old Li is one round away from a chance to win this World Golf Championship, which was nearly too much for him to digest Saturday.

“This tournament is so big — it’s too big,” Li said after a 6-under 66 that left him one shot out of the lead going into the final round. “I know that the final day, a lot of people are going to be making a lot of birdies. That’s why I thought my goal of this tournament would be making the top 10, because making the top 10 will already be a highlight and a milestone for my short career.

“I hope that tomorrow I can do well and finish at the position where I want to.”

Kevin Kisner was at 16-under 200 and leading, and Russell Knox was to return Sunday morning to play the 18th hole with a chance to share the lead. Li was tied with Dustin Johnson, who won the HSBC Champions two years ago. Two shots behind was Jordan Spieth, the Masters and U.S. Open champion.

So when Li was asked if he could win, he switched from Chinese to his limited English.
“I don’t think so,” he with a big laugh and infectious smile.

He sure looked capable during a third round at Sheshan International that featured big swings on the leaderboard, a big charge from Spieth and endless cheers from a Chinese gallery who had reason to hope that one of their own could deliver a young golfing nation its biggest victory.

He opened with four straight birdies and never faded. Li dropped only one shot on the tough par-5 fifth hole. When he found the water on the par-5 14th, he still managed to scramble for par. And he followed that with a 5-iron into 4 feet for birdie on the 15th that pulled him within one shot of the lead.

Liang Wenchong is the only Chinese player to finish in the top 10 at a PGA Tour event. He tied for eighth at Whistling Straits in the 2010 PGA Championship.

“If it’s destined for me to do something good, you cannot stop it,” Li said. “So what I will try to do is I will do my best tomorrow and see how things go.”

This is what HSBC had in mind when it started this tournament in 2005 and within two years attached a junior program to its sponsorship.

Woods marveled at the poise of a 12-year-old junior who played a par 3 with him in a pro-am five years ago. The boy’s name was Guan Tianlang, and two years later he won the Asia Pacific Amateur and then made the cut in the Masters. Adam Scott last year played with an 11-year-old girl who was so impressive that Scott figured she was a lock for the LPGA Tour if she did nothing else but continue to play.

Li was at the HSBC Champions last year, closed with a 67 and tied for 35th with Spieth and Jimmy Walker.

“If anyone wants to see just how far golf in China has come over the last decade, then look at the leaderboard,” said Giles Morgan, global head of sponsorship and events at HSBC. “It’s an incredible story.
Haotong is one of our own. Our vision was to have a player from the program finish in the top 20 in the World Golf Championships within a decade. And there is every chance that will happen tomorrow — or even better.”

Li played the PGA Tour China series last year and finished among the top five to earn his card on the Web.com Tour. He challenged for a PGA Tour midway through the season until fading to finish No. 49 on the money list, at least securing Web.com status for next year.

“I started getting used to the intensity because of the way I played on the Web.com,” he said. “The challenge and the competition was so intense that sometimes I felt like I cannot breathe properly. But every week, I want to do better.”

Kisner is making his first trip to China, and he joked earlier in the week that the tone of the cheer is different from what he hears on the PGA Tour. But there was no mistaking who the cheers were for in the group ahead of him as Li kept making birdies.

“I haven’t met him, but I have a friend of ours from the Web.com Tour that told me he’s a great kid,” Kisner said. “I don’t know anything about him. But he seemed to be playing great. I’m sure he’s excited to play in his home country and looking forward to it.”

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SRN News » Sports


Stewart hopes Rosberg can take title off Hamilton

By Alan Baldwin

ABU DHABI (Reuters) – Jackie Stewart, Britain’s first and until this season only triple Formula One world champion, would like to see Germany’s Nico Rosberg take the title off Mercedes team mate Lewis Hamilton in 2016.

Rosberg faces a crucial year after finishing runner-up to Hamilton, who can become Britain’s first ever four times champion, for the past two campaigns.

The German must either rise to the challenge and follow in the footsteps of father Keke, Finland’s 1982 world champion, or be written off as a number two.

“It would be good if he won the title. That would be very good,” Stewart, 76, told Reuters at the season-ending Abu Dhabi Grand Prix won by Rosberg.

“There is nothing to stop Rosberg winning. He is quick. We have seen him have so many pole positions. He is smoother (than Hamilton),” he added.

“Lewis is quite aggressive so therefore he has won more races because of that aggression, but sometimes that can bite you also.”

Hamilton won 10 of this year’s 19 races to Rosberg’s six but the German came good at the end with a run of three in a row and six successive pole positions.

The challenge for Rosberg, who made his debut with Williams in 2006 and now has 14 career wins, is to show that he can also win when it matters most and not just when nothing is at stake.
“He is good, and there is no question about it. The trouble is you have to be very good and he has got to just step up that little bit extra,” said Stewart.

The Scot’s desire to see Rosberg succeed has nothing to do with any personal animosity towards Hamilton but more for Formula One to provide more excitement and to put on more of a show when one team is so utterly dominant.

If Mercedes are again racing on a different level next season, it will be more important than ever for Rosberg to take the fight to his team mate.

The closing races of 2015 offered hope for the future but just how much of a pointer they really are remains to be seen.

“There’s been so much discussion about has he stepped up his game or has the car come towards him development-wise?” said Mercedes motorsport director Toto Wolff. “Or has Lewis unconsciously just taken it more easily?

“I don’t know…I think we have to find out.”

(Reporting by Alan Baldwin, editing by Justin Palmer)
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SRN News » Sports
(Reuters) – Morgan Stanley plans to cut up to 25 percent of its fixed-income jobs, Bloomberg reported, citing people with familiar with the matter.

The workforce reduction will be across all regions and is set to take place in the next two weeks, Bloomberg said, citing two of the people.

Morgan Stanley declined to comment on the Bloomberg story.

The Wall Street bank reported a 42 percent slide in bond trading in the third quarter, one of its worst performances since the financial crisis.

Ted Pick, who was in charge of the company’s equities business, was picked by Chief Executive James Gorman last month to oversee its entire trading business to facilitate better coordination between the firm’s bond and equities desks.

The company’s shares, which have fallen 12.9 percent this year up to Friday’s close, were up 1.3 percent in afternoon trading.

(Reporting By Sudarshan Varadhan in Bengaluru; Editing by Anil D’Silva)
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SRN News » Business

Holiday shopping unlikely to cheer many investors

By Noel Randewich

SAN FRANCISCO (Reuters) – The holiday shopping rush that kicked off on Friday is unlikely to bring much cheer to investors looking for a revival in retail stocks.

After months of uninspiring sales growth and recent disappointments from Macy’s and Nordstrom, shareholders of apparel sellers have had little to be thankful for and face a challenging holiday season.
Retail sales were expected to grow by 3.7 percent in November and December, declining slightly from the 4.1 percent growth in the 2014 year-period, the National Retail Federation (NRF) said in a forecast reaffirmed on Sunday.

NRF’s survey of 4,281 consumers showed shoppers on average spent or planned to spend about $ 300 over the Thanksgiving weekend, which ran from Thursday, Nov. 26 through Sunday, Nov. 29.

That is down from about $ 381 over the same weekend last year, although the federation said those numbers are not comparable because of a change in its survey’s methodology. The survey also showed an equal number of U.S. shoppers sought to buy items online as they did in physical stores over the Thanksgiving weekend.

Shares of Macys and Nordstrom have reflected a shift by consumers away from discretionary items like designer-label clothes and cosmetics toward online spending and merchandise such as smartphones, televisions, home goods and travel.

Macy’s stock has plummeted 39 percent this year while Nordstrom is down 22 percent and Tiffany & Co is 23 percent lower – all far worse than the benchmark S&P 500 index’s 1 percent gain.
On the other hand, Home Depot has surged 29 percent in 2015 and discount store Dollar Tree is up 6 percent.

The S&P 500 retail index has risen 27 percent this year, with much of that gain driven by its largest component, Amazon.com, which continues to undercut brick-and-mortar rivals and has seen its stock more than double this year.

Earnings expectations vary for the holiday shopping quarter; Lowe’s on average is expected to grow its earnings by 29 percent from a year ago while video game store GameStop is seen growing earnings by 9 percent, according to Thomson Reuters data.

Gap Inc, which warned this month about weak sales and a strong dollar, is seen posting a 24 percent drop in fourth-quarter earnings.

“You really have to bifurcate between the largely apparel retailers and hard-goods retailers,” said Anthony Chukumba, an analyst at BB&T Capital Markets.

His top picks include discount retailer Big Lots as well as Best Buy, which specializes in the electronic goods consumers are buying these days and also has a compelling valuation at 12 times expected earnings. By comparison, Nordstrom trades around 17 times earnings and Target has a price-earnings ratio of 15.
Polls going into holiday season have been mixed: A Reuters/Ipsos survey found more people planned to cut holiday spending than to boost it, while Gallup reported Americans plan to spend an average of $ 830 each on gifts this season, up from $ 720 a year ago at this time.

U.S. retail sales edged up a meager 0.1 percent last month after staying unchanged in both September and August, according to the Commerce Department.

FBR technology analyst Daniel Ives and his team planned to visit at least 25 Best Buys and other big-box stores over the weekend in New York and other major cities to gauge consumer appetite for Microsoft’s Xbox One game console and Apple’s smartwatch, launched in April.

“It’s not quantitative, but it gives you anecdotal data points that become part of the mosaic of your thesis about whether to be bullish or bearish on trends, names and products,” Ives said.

Since 2008, early sales estimates following Black Friday and Cyber Monday have had little or no bearing on retail stock performance for the holiday quarter, according to a report by LPL financial.

The short-term performance of stocks in the week after Thanksgiving has also been similarly inconsistent.
For the past three years, Wal-Mart Stores has lost as much as 3.9 percent or gained as much as 2.6 percent in the week following Black Friday, according to Thomson Reuters data.

By comparison, the S&P 500 has been flat to up 0.5 percent in the week following Black Friday for the past three years.

Amazon.com’s stock performance in the week following Thanksgiving has been even more erratic. It lost 8 percent last year, lost 2 percent in 2013 and jumped 5 percent in 2012.

(Additional reporting by Barani Krishnan; Editing by Bernadette Baum and Jonathan Oatis)
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SRN News » Business

A Math Teacher’s Day at Ed Camp


My Day at Ed Camp

By Barry Garelick

I attended an “Ed Camp” recently. This is one of many types of informal gatherings of teachers to talk about various education-related topics. The camp I attended took place at a charter school that prided itself on a student-centered approach to learning. In keeping with the school’s focus, the camp also took a student-centered approach: participants wrote ideas for sessions on Post-It notes which were placed on a whiteboard. The conference organizers then put the Post-It notes in categories that formed various sessions which were then led by whomever wanted to lead them.

The topic suggestions were placed into nine separate categories/sessions. For each of three one-hour periods, there were three sessions that participants could choose from.  I chose “Motivation,” “Feedback in lieu of grades” and “The balance between student-centered and teacher-centered in a classroom.”
By way of background, I went to school in the 50’s and 60’s and am on a second career of teaching math in high school and secondary school after retiring several years ago. I am considered by most to use “traditional” practices rather than the progressive techniques one sees today. A few decades ago there was a mix of opinions on what are considered “best practices” in teaching—some of which included traditional methods. The older generation of teachers, however, has been almost entirely replaced by the new guard.
This has resulted in a prevalent new group-think which holds that traditional teaching is outmoded and ineffective. The participants at Ed Camp were of the new guard; mostly people ranging in age between 20’s and 40’s. A few people were in their 50’s or early 60’s, but were subscribed to the same group-think. From what I could tell, I was the only traditionalist present.

Motivation Session
All participants at this session generally agreed that motivation was important and that if classrooms do not have focus, there is loss of attention. They also agreed that students did well in a structured environment and that set routines and clear expectations were motivators. These two consensus items were uttered with the same somnambulant automaticity with which many say grace before chowing down a meal.

Participants then went to town describing various motivating/engaging activities including having students spell out words using their bodies to shape the letters (though I have forgotten what this had to do with whatever was being taught).  After a few more suggestions, someone pointed out that no matter how engaging the activity, the novelty of it wears off, so you can only do it a few times before students are bored — which, I suppose, leaves teachers with the option of more traditional approaches like a warm-up question and then teaching the class.

The issue of group work came up. Group work ranks high on the group-think spectrum as something worthwhile for all students.  So when a teacher said that group work may be difficult for students who are introverts, the feeling of cognitive dissonance was distinctly present in the room.  But the dissonance was quickly dispelled by the same teacher who brought it up. “Well, think of it this way,” he said. “How many times have you gone to professional development sessions and the leader says ‘Now turn to your neighbor and discuss such and such’ and you go ‘Oh, no! Do I have to?’” General agreement ensued.
“But,” he went on, “You kind of think to yourself, ‘Well, OK, let’s get this over with’ and pretty soon you’re doing it and it isn’t that bad. So I think maybe we just have to get kids to think beyond themselves and just go with it, and they’ll see it isn’t that bad.”

I’m fairly certain most of the attendees had been through—and probably hated—professional development sessions that were group-work oriented.  But if there was any disagreement with what he said, it was not voiced.

There was consensus that students responded well to competition.  Teachers noted that students like to see high scores posted or go for extra credit assignments or questions on tests. Such agreement was surprising given that it goes against the trend of the “everyone is special” movement in which all students win awards or graduating classes have multiple valedictorians. Unless one includes competition as being an integral part of collaboration and working in teams and groups, competition would seem to be its antithesis.

Another unexpected result was related by a second grade teacher who taught at the school where the Ed Camp was held. She had assigned her students to groups and arranged her class in clusters of desks as many classrooms are these days. One day her students asked her, “Can we be in rows facing the front of the classroom?”  She tried to reason with them, explaining that when she had been in school she always had to sit in rows and would have loved the opportunity to sit in groups. They told her that it was easier to be in rows because they wouldn’t have to twist around to see what the teacher was doing at the board.  The students assigned themselves numbers randomly so the teacher could put them in straight rows according to their numbers. Since this was a student-centered decision at a school that valued student-centered activities, the teacher reluctantly went along with what they wanted.

Think Pair Share: Harbinger of Things to Come?
The initial premise of the next session I attended—feedback–was that students should be given guidance rather than interim or even final grades. This is not a new concept, as evidenced by a recent comment I saw on a popular education blog: “When numerical/letter grades are king, real learning is kicked to the curb, along with meaningful assessment.”

Like many educational ideas, this one sounds like it ought to be superior to a system of grading that many have accused of being unfair for years, until you get into the details—things like subjectivity and how students will be assessed. The moderator—who did most of the talking in this particular session—said that in guidance-based regimes, students should be told whether they are doing a task correctly or incorrectly and that the key to completing a task was to ensure that students had an appropriate process. I couldn’t be absolutely sure, but it sounded like process trumped content.

He brought up math as an example and said, “I like to give kids problems they don’t know how to do.” This is not the first time I’ve heard this. While I agree that students should be given challenging problems, I also believe that they need to start from a place that they know and advance bit by bit to variants on a basic problem structure to be able to take on non-routine problems.

Such process is known as scaffolding, but modern purveyors of education theory hold that scaffolding should not be used and that flexible thinking –applying prior knowledge to a new and unfamiliar problems or situations—comes with repeated exposure to such problems. Supposedly this develops a “problem solving schema” and “habit of mind” that is independent of acquired procedural skills or facts. But to pull off what this teacher wanted—having them solve something totally different than what they’ve seen—students are given feedback. The feedback is in the form of questions to motivate them to learn what they need to know and ultimately to solve the problem in a “just in time” basis.

The notion of supplying feedback in the form of guidance seemed to this moderator to be a new and cutting edge thing, and in fact announced that the activity of “Think-Pair-Share” was antiquated and should be abandoned. “Think-Pair-Share” has been around for at least 10 years.  The first time I heard about “Think, Pair, Share” was in a course I took in ed school. Briefly, students work together to solve a problem or answer a question, discuss the question with their partner(s) and share their ideas and/or contrasting opinions with the rest of the class.

But now it was considered passé, the main problem with it being that students didn’t know what to say to each other about whatever it was they were to discuss. And that was likely because they had little or no knowledge of the subject that they were supposed to talk about, and which was supposed to give them the insights and knowledge that they previously lacked.

Did this mean that perhaps there was now some evidence that direct and explicit instruction could have beneficial educational outcomes? No. Feedback and guidance was the new “Think Pair Share.” Student-centered and inquiry-based approaches are still alive and well. And in closing, the moderator added that students need good solid relationships with one another and with the teacher. To this end, the moderator said, putting students in straight rows will NOT build such relationships.

I was tempted to bring up the story of the second grade class that insisted they wanted to be in rows but we were out of time. In fact, we ran over and I was late to the last session on the balance between teacher and student in a student-centered classroom.

Defining Balance—or Not
The conversation in the third and last session of the day was already underway with some talk going on about how effective student-centered communication is fostered using something called “Sentence frames” or “word moves”. These are a set of certain phrases students are encouraged to use when engaging in dialogue, such as, “One point that was not clear to me was ___”, “I see your point but what about ___”, “I’m still not convinced that ___”.

The discussion was in the context of procedures used in conducting student-centered classes. I didn’t know how much about balance they had discussed, and although it is not my habit to interrupt a discussion, I did inject myself using the following sentence frame: “So what do you think is the balance between teacher-centered and student-centered instruction?”

The responses I received were immediate:
“Oh, I just talk at the students forever and go on and on,” said a youngish woman. Another teacher chimed in, “Yes, I tell them that it would be so much easier for them if they just listened…”  This went on for another few seconds, and though I was tempted to use a sentence frame like, “I see your point but what about___?” the one I chose was a bit more aggressive.  “Is that your answer to my question?” I asked. “You think a teacher-centered classroom as all about lecturing with no room for questions or dialogue?”

The woman who first answered me said, “No, I was just being funny.” The conversation turned serious once again with the answer to my question being that the teacher-centered portion of a student-centered classroom is, “teaching the students to be student-centered successfully.” That, roughly translated, means giving them instructions and guidance to do their student-centered inquiry-based assignment.

Example: “In ten minutes, you will complete an outline of what you are going to investigate. Go.”  Ten minutes pass, teacher spot checks various outlines. “Now one person will be the lead investigator, another will be the note-taker, the third person will write the conclusion and the fourth person will do the presentation.”  And so on.

The conversation turned to “student outcomes” and “growth-mindset.” This last phrase, a concept made popular by Carol Dweck, is the theory that students can develop their abilities by believing that they can do so. The term has taken hold as its own motivational poster in classrooms, professional development seminars and Ed Camps across America.  Someone remarked that the idea of growth mindset itself is a student-centered concept. I suppose it is, if you combine belief in yourself with hard work, instruction, and practice—things I don’t hear much about when I hear about growth-mindset.

“Growth-mindset” led into students’ beliefs in themselves, which led to how grades are bad and rubrics were better. A middle school social studies teacher lamented that he was stuck giving students grades because the school district required them, though most of the teachers in his schools used rubrics not to grade, but to provide feedback to students.  (The charter school at which this Ed Camp was held did not give grades, but rather student reports. After the social studies teacher’s lamentation about grades, one teacher who taught at this school cackled “I’m so glad I don’t have to keep grade books anymore!”)

The social studies teacher said that what used to be an A under the old grading system was now a C in his class using his rubric. He didn’t go into details about his rubric except to say that he bases grades on it, and “meets expectations” would be a C.  “I tell parents that I have no problem with a student who gets a C in my class, because that means he or she was meeting expectations. If a student wants better than a C, they can go over the rubric with me to see what is required.”

This struck me as strange. If you give tests and assignments that cover the material and take some effort to do well on them, then maintaining an average of a 90% or more would assure some mastery of the material.  Or does he consider that to be “middle school stuff” and to get an A under his rubric now requires—what?  I never found out. Classes I’ve seen that use rubrics have several: rubrics for group work, presentations, collaboration, essay analysis, presentations and so forth, and there are many categories – like this one for a project presentation in a middle school social studies class . How does one differentiate between “strong student creativity” and “exceptional degree of student creativity” under the “Originality” category? I suspect it’s a matter of “I’ll know it when I see it”.

As time grew shorter, discussions cascaded onto each other, culminating in a discussion about homework. The social studies teacher said he didn’t assign homework, and this turned out to be the practice of most of the teachers in the room. Some of the teachers did report that they received pressure from parents about lack of homework. Parents who ask their kids what they do in school and get the usual “Not much” often follow with “Well, what’s your homework?” and were dismayed to find that the student had none. Parents confronted various teachers, arguing that not assigning homework will not prepare students for the real world. The social studies teacher who was emerging as de facto opinion leader for the session said that in the real world you didn’t have homework, so why should we expect it of our students? This was a bit confusing given that teachers do a lot of work at home. In fact, in many professions it is not unusual to have to do work at home.

But he went on. “And if the real world is high school and college, first of all, not all students go to college. And show me the evidence that homework in high school prepares them for college.” This is the type of argument that seems beguiling if you practice saying it in front of a mirror with an audience applause track playing in your mind. Or alternatively, saying it at Ed Camp sessions like these.

“It is not preparation for the real world,” he repeated, and then clarified that he viewed homework as largely drill and practice activities which in his view held absolutely no value, and certainly, in his opinion, is not something done in the real world. (I should note that I was the only math teacher in this session, but I decided to keep quiet given the reaction when I asked my question at the beginning of the session.)
With parents spotlighted as detractors from how teachers conducted their student-centered classrooms, the session ended with one teacher lamenting how one parent complained that, “This education of my child is becoming my job.”  The teachers all identified with having heard that before. “Gee, sorry to hear that being a parent is so tough” was the general response in the room.

Having been in the position of a parent raising a daughter subjected to student-centered classrooms, I think what that parent meant was not so much, “Why should I be involved in my child’s education?” but rather: “I’m doing a lot of teaching at home that should be going on in the school.” Many parents have complained that students are not being taught grammar, math facts, and other necessities of education, but which teachers of student-centered classrooms consider “drill and kill” and “drudge work.”  That may account for the popularity of learning centers like Sylvan, Huntington and Kumon, which all focus on these things.

The Group-Think of Teaching
Driving home from the Ed Camp, I was reminded of a movie I saw long ago called “The Wicker Man,” in which a deeply Christian, Scottish police officer investigates a missing child on an island in Scotland that practices paganism—and in the end is burnt to death as a human sacrifice to the islanders’ gods. A key point of the film was that the officer’s religion counted for nothing in the midst of different and prevailing beliefs. The winners in such conflicts are those who by virtue of numbers have the means to enforce their beliefs.
I wondered whether in ten years’ time  more parents would accept the inquiry-based and student-centered approach more readily as a result of having been subjected to such techniques themselves? Or would there now be a permanent split: parents who came through the system who are happy with their kids being taught as they had been, and parents who had benefitted from the more traditional techniques used in learning centers or from the dwindling number of schools who practiced them?  Would the ideas and techniques discussed at Ed Camp be viewed as outmoded, just as “Think-Pair-Share,” so popular a few years ago, had fallen out of favor? Or would they be replaced by a slight variation of the same thing?
Whatever the outcome, it was fairly clear to me that any new educational techniques would be portrayed as a measured and informed decision, a step in the right direction and, of course, progress.
—————
Barry Garelick has written extensively about math education in various publications including The Atlantic, Education Next, Educational Leadership, and Education News. He recently retired from the U.S. EPA and is teaching middle and high school math in California. He has written a book about his experiences as a long- term substitute in a high school and middle school in California: “Teaching Math in the 21st Century”.
The post A Math Teacher’s Day at Ed Camp appeared first on Education News.
Education News

Sunday, November 29, 2015

Boeing upbeat over possible Kuwait jet sale, oil price hits some deals

DUBAI (Reuters) – Boeing on Saturday gave its strongest indication yet about a near-term sale of F/A-18E/F Super Hornets to Kuwait, although the world’s second-largest weapons maker said lower oil prices were delaying some arms purchases by Gulf states.

“There are things that we’re waiting on… those things are going to be cleared and we think they’re going to be cleared soon,” Boeing’s Paul Oliver said in response to a question on whether discussions about a reported $ 3 billion F/A-18 deal with Kuwait talks were making progress.

Oliver, vice-president of international business development in the Middle East and Africa for Boeing’s defense business, did not name Kuwait specifically.

The United States has not publicly acknowledged talks to sell Boeing fighters to Kuwait, but sources familiar with the matter have said it is in negotiations about selling 24 F/A-18E/F Super Hornets to the Gulf nation in a deal valued at over $ 3 billion.

Sources familiar with the matter told Reuters they hoped it would clear final regulatory hurdles before the end of the year.

In September, Kuwait also signed a memorandum of understanding to buy 28 Eurofighter jets built by Italy’s Finmeccanica, Britain’s BAE Systems and European aerospace firm Airbus Group.

At a news conference on Saturday, Boeing officials said they were working on some fighter export prospects but declined to identify any potential buyers.

Kuwait and other Gulf and Middle Eastern countries are looking to acquire new high-tech military equipment to protect themselves from neighboring Iran and internal threats unleashed by the 2011 Arab Spring uprising.
Gulf governments are also looking to expand and speed up their replenishment of arms due to involvement in the Yemen war but longer-term programs are being postponed as low oil prices shrink state coffers.

“They’ve put some things on the shelf… they want to be very prudent, but they’re focused on needs right now,” Oliver said in Dubai ahead of the Dubai Airshow.

Some development programs could be delayed for about three years due to low oil prices for oil-exporting Gulf states, he said.

“I don’t think anybody is looking at any of these things to be over quick,” Oliver said.
Procurements for “proven, off-the-self solutions” have accelerated, Oliver added, including Chinook and Apache helicopters.

(Reporting by Nadia Saleem and Tim Hepher; editing by Helen Popper and Jason Neely)
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SRN News » Business

Saturday, November 28, 2015

Faldo predicts new-look European Ryder Cup team

By Tony Jimenez

LONDON (Reuters) – Six-times major winner Nick Faldo believes there could be as many as six rookies in the side when Europe attempt to retain the Ryder Cup at Hazeltine, Minnesota next year.

The visitors will be trying to win the biennial team event for the fourth straight edition, a run stretching back to the 2008 defeat when Faldo was outgunned by rival captain Paul Azinger at Valhalla.

“I think America could be the favorites this time because the backbone of their team will be similar to the last one,” Faldo told Reuters in an interview.

“Europe’s backbone could be very different. We could easily have six rookies, easily.

“There are a lot of names America won’t know a lot about if we get the likes of Tommy Fleetwood, Andy Sullivan and Danny Willett making the team.

“That could be a bad thing but it could also be a good thing because sometimes it can be quite nice to be a little bit of an unknown. I think that’s going to happen and we’ll probably have a fresh half of our team.”

The 28-year-old Willett finished second behind Rory McIlroy on the European money list after winning twice in the 2014-15 season to climb to 20th in the world rankings.

Compatriot Sullivan, 29, won three times and has climbed to 36th in the world rankings, while fellow Englishman Fleetwood had another consistent season despite failing to add to his solitary tour victory at the 2013 Johnnie Walker Championship in Scotland.

Among the other potential 2016 Ryder Cup debutants are Irishman Shane Lowry, England’s Matt Fitzpatrick, Austrian Bernd Wiesberger and Thorbjorn Olesen of Denmark.

“There is going to be a changing of the guard, a few of our guys are getting a little older,” said Faldo, the winner of the 1987, 1990 and 1992 British Open and the 1989, 1990 and 1996 U.S. Masters.
Europe’s 2014 team featured 40-plus duo Thomas Bjorn and Lee Westwood, while Scotland’s Stephen Gallacher was one month shy of his 40th birthday.

RECORD SCORER
Faldo is the all-time record points scorer in the Ryder Cup having collected 25 points in 11 playing appearances between 1977-97.

The 58-year-old Englishman said matchplay golf was not all about firing low scores.

“You can shoot nine under par and lose and you have to accept that,” said Faldo. “It doesn’t matter how or how many, you’ve just got to find a way to win.”

Faldo believes one of the reasons why Europe have been victorious in eight of the last 10 Ryder Cups is the strong pairings they have been able to select.

“America need to get a couple of good partnerships,” he said. “That has always been the strength of Europe, we have had Ballesteros and Olazabal, me with Ian Woosnam or Colin Montgomerie or Bernhard Langer.
“The Americans have struggled with that recently. Their strongest pair has been Phil Mickelson and Keegan Bradley.

“Even that one gets broken up at the wrong time. They have got to find a couple of good pairings but the bottom line is they must find a way to win,” added Faldo as he launched a range of wines from six of Europe’s classic regions to celebrate each of his major victories (http://www.miltonsandfordwines.com).
Davis Love III will captain the Americans and Darren Clarke is to lead the Europeans when the Ryder Cup is held from Sept. 30-Oct. 2 2016.

(Editing by Rob Hodgetts)
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Friday, November 27, 2015

Musk’s Tesla faces German battle over battery-powered homes


By Vera Eckert and Christoph Steitz

FRANKFURT (Reuters) – If Elon Musk’s vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. But he will face a battle for market share against local firms with years of experience in renewable energy.

The South African-born entrepreneur’s company Tesla, best known for its electric cars, sparked global interest in the idea of self-powered homes in April, when it said it would start selling lithium-ion batteries for households next year.

The batteries, called Powerwalls, connect to solar panels on the roof of a house and aim to store enough power during the day to drive kettles and washing machines at night, raising the prospect that households one day will be able to rely fully on clean energy and become independent of the power grid.
There are big challenges.

The technology does not yet allow most users to disconnect from the grid – the German solar industry association BSW estimates batteries currently raise solar power self-sufficiency to at least 60 percent.
Then there is the price. Buying and installing solar panels and batteries costs around 10,000 euros ($ 10,600) or more.

But the technology is improving, and costs falling, and some analysts think Germany – with more solar panels than anywhere in the world and sky-high power prices – could become the industry’s first mass-market.
“The business model of power batteries is becoming increasingly attractive,” said Norbert Schwieters, global utilities leader at consultants PwC, noting market estimates that sales in Germany could reach half a million within a decade, up from around 25,000 now.

“LIFESTYLE GADGET”

If the market does take off, Musk will have a fight on his hands against German companies with established retail networks and years of experience managing solar equipment.

While acknowledging Musk’s slick marketing – Powerwalls are made at his “Gigafactory” in the Nevada Desert – some of these rivals think he has created a buzz around home power storage batteries that will ultimately work in their favor.

“Tesla has made sure that they’re seen as a lifestyle gadget,” said Volker Wachenfeld, in charge of hybrid energy and storage solutions at SMA Solar.

SMA Solar is one of a number of German companies with ambitions in the market, including Sonnenbatterie, SENEC.IES and Varta. Daimler Accumotive is also due to launch a product, while Solarwatt, owned by major BMW shareholder Stefan Quandt, says it is ready to join the fray.

Sonnenbatterie, whose backers include Germany’s E-Capital and Czech firm Inven Capital, has already sold around 8,500 batteries in Europe, mostly in Germany, but its ambitions go further.

“The biggest challenge of our generation is the move to renewable and inexpensive energy supply,” said its 32-year-old managing director, Philipp Schroeder. “I started this vision and now want to take it to global success.”

Schroeder knows Tesla well – he worked there until earlier this year, leading its German and Austrian operations with a brief to roll out a network of charging points for Tesla cars in Germany. He jumped ship for his old employer Sonnenbatterie just as Tesla was gearing up for its European home-battery push.
Tesla, which has made Germany one of its three launch markets for Powerwalls, is ready for a fight, however. It has struck partnerships with German companies Beegy and LichtBlick in order to benefit from local expertise.

“Tesla is working with leading German and international solar PV (photovoltaic) distributors and installers to offer complete solar PV solutions including PV panels, a solar PV inverter, and installation,” it said.

IS THE PRICE RIGHT?
With the second-highest retail power costs in Europe, partly the result of the government’s break-neck push into renewables, Germany’s economy stands to gain massively if it can take a chunk of its back-up grid capacity offline.

Germany boasts about 39 gigawatts (GW) of installed solar capacity, bringing its total capacity to nearly 200 GW, more than twice the level it theoretically needs.

Vast amounts of costly back-up power are required to kick in when the sun doesn’t shine. If homes, offices and factories can store their solar power, many of the country’s power stations can be scrapped and transmission systems do not have to be extended at billions of euros of cost.

Incentives for solar power producers to feed surplus supplies into the national grid are set to end in 2021, providing a reason for them to store more power themselves.

“First it was technology aficionados, today it is a broad number of home owners,” Herbert Schein, CEO of Varta Microbattery, said of the growing interest in power batteries.

Schein estimates sales at Varta’s energy storage unit have doubled this year. “In the future we will add small companies and farmers,” he said.

Battery systems of various suppliers may differ, but costs overall have fallen and lithium-ion battery packs are the norm, having pushed aside lead batteries.

With a slim, curved appearance and made to be wall-mounted, Tesla’s Powerwall is designed to appeal to style-conscious consumers who agree with co-founder and CEO Musk’s statement that traditional batteries “suck”.

The batteries offered by most German providers can be placed in basements, common in German homes, and take up no more space than a small refrigerator. Smaller batteries can be wall-mounted too.

The batteries start selling at about 1,000 euros per kilowatt peak (kWp) – the level at which experts say the technology makes economic sense for buyers – with an average four-person household usually needing a 5 kWp system.

Tesla says the 7 kWp Powerwall will cost 3,615 euros wholesale, including value added tax.

Sonnenbatterie this week announced a 3,599 euro small battery – a discounted price available if the buyer joins the company’s SonnenCommunity scheme. It offers a full home solar power and storage system at 9,000-13,000 euros.
($ 1 = 0.9448 euros)

(Editing by Tom Pfeiffer and Mark Potter)
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Thursday, November 26, 2015

By Karolos Grohmann

BERLIN (Reuters) – Hamburg’s bid to host the 2024 summer Olympics hinges on the result of a referendum on Sunday, with city officials hoping for a strong show of support to boost the chances of Germany’s Olympic newcomer staging the Games.

The northern port city beat Berlin in March to win the German nod and is proposing a compact inner-city concept that bid officials say meets the International Olympic Committee’s recent reforms aimed making the Games cheaper and more sustainable.

Hamburg is the only one of the five candidates to put its plans to a city vote. Rome, Paris, Los Angeles — all past Olympic hosts — and Budapest are in the running as well, with the IOC to pick the winner in 2017.
“An event the size of the Olympics can only be staged in agreement with the citizens and the government,” said Hamburg mayor Olaf Scholz, who cast his mail vote earlier this week and hopes for a “strong majority result”.

Hamburg’s concept involves the Games being held in the Kleiner Grasbrook area, technically an island but only a 10-minute walk from the city center, that would become the Olympic park and offer short distances to the competition venues for athletes and spectators.

The bid needs a simple majority, as well as at least 20 percent of the registered electorate casting a ‘Yes’ vote if Hamburg is to continue with its two-year campaign.

Critics say the 7.4 billion euro ($ 7.86 billion) project would be an environmental and financial burden at a time when major sports organizations like world soccer’s governing body FIFA are faced with global corruption, bribery and doping scandals.

The continuing influx of refugees and increased security fears following the Paris attacks have raised further questions over whether an Olympic bid currently makes sense.

The bid is opposed by some environmental and citizens’ groups including Friends of the Earth Germany as well as Hamburg’s second division soccer club St Pauli, whose members voted against it this month.
Germany’s soccer association (DFB) is also mired in a bribery scandal that Hamburg bid chief Nikolas Hill admitted was doing the Hamburg candidacy no favors.

A poll conducted this month before the Paris attacks showed support for the Games at 56 percent, seven percent lower than two months earlier.

The German Olympic Sports Confederation (DOSB) commissioned a nationwide poll after the Paris attacks, noting support had risen for the Games.

“I see a clear positive tendency along the lines of ‘especially now’,” DOSB President Alfons Hoermann told reporters. “The majority seems to share our opinion that fear is not a prospect.”

($ 1 = 0.9420 euros)

(Reporting by Karolos Grohmann, editing by Ian Chadband)
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Monday, November 16, 2015

Leslie Smith gets her left ear torn half off by punch in UFC 180 bout


 

MEXICO CITY -- Jessica Eye and Leslie Smith engaged in a spirited slugfest for the better part of the first round, until a right hand by Eye landed squarely on Smith's left ear in the waning seconds of the round on the preliminary card at UFC 180 Saturday in Mexico City Arena.It split Smith's ear open, sending blood pouring out and covering the side of her face. In between rounds, doctors took a long time to look at the ear and opted to allow Smith to continue.But not long after the second began, the fighters clinched and Eye then connected with a couple of short rights from close range that opened it again. After another Eye right, referee Herb Dean called time to have the doctors examine it again when the ear was flapping down.When it was shown on the gigantic video board in the arena, the crowd let out a loud "Ewww!"After an examination, Dean stopped it on the advice of the ringside physicians. Smith angrily protested, but Dean had no choice but to stop it at 1:30 of the second, giving Eye the TKO victory in the women's bantamweight bout.
via Leslie Smith gets her left ear torn half off by punch in UFC 180 bout | Cagewriter - Yahoo Sports.

Sunday, November 15, 2015

A Timeline of the Abuse Charges Against Cosby -- Vulture


Thirty years ago this weekend, The Cosby Show debuted on NBC, and its star was catapulted into the comedic stratosphere. The timing is prime, then, for the release of a sprawling biography. Written by former Newsweek editor Mark Whitaker, Cosby: His Life and Times documents the man’s rise from the Philadelphia projects, while also detailing the creation of his family sitcom and the murder of his son Ennis in 1997.

The book is notable, however, for its complete avoidance of sexual abuse allegations that have dogged Cosby for more than a decade. In a statement to Buzzfeed's Kate Aurthur, Whitaker says, "I didn’t want to print allegations that I couldn’t confirm independently." Regardless, their absence is glaring. To read the full timeline an appendix to the book click the link below at
via A Timeline of the Abuse Charges Against Cosby -- Vulture.

Tuesday, November 10, 2015

U.S. sues to block United Airlines from acquiring Newark slots

WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday it has sued to stop United Airlines from acquiring 24 takeoff and landing slots at Newark Liberty International Airport from Delta Airlines.

“A slot is essentially a license to compete at Newark,” said Assistant Attorney General Bill Baer in a statement. “United already holds most of them, and as a result, competition at Newark is in critically short supply.”

The lawsuit, filed in U.S. District Court for New Jersey in Newark, alleges that the acquisition would lead to higher fares and fewer choices for travelers.

The Justice Department said that United already controls 73 percent of the slots, which are authorizations from the Federal Aviation Administration to take off from or land at the airport. It also said United allegedly “grounds” as many as 82 slots each day at Newark, limiting flight opportunities.

The federal government has been concerned about a possible monopoly since 2010, when United, the third largest airline in the world by revenue, divested 36 of its slots to Southwest Airlines to help win approval of its merger with Continental Airlines.

The current transaction is United’s third attempt to “reverse the benefits” of that divestiture, the department said.

Both United and Delta did not immediately respond to a request for comment.
United’s stock, which had traded as high as $ 60.85 earlier in the session, dropped to as low as $ 59.03 before clawing part way back.


(Reporting by Lisa Lambert; Editing by Marguerita Choy)
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Thursday, November 5, 2015

Japanese expo showcases hi-tech preventive medicine

A variety of new preventive measures to help Japan’s rapidly aging population avoid illness and injury went on display at a medical exposition in the port town of Yokohama.

The ME-BYO (pronounced mee-bee-yoh) Japan 2015 conference also sought to promote healthier lifestyles for the elderly.

One innovation on display was a smartphone application called Mind Monitoring Systems – Mimosys for short – that is designed to track a user’s emotions and state of mind throughout the day, via voice measurements.

“This technology can estimate people’s mental condition by capturing the vibration of the vocal cords,” said Kazuo Shimizu, sales manager at PST Corporation Inc.

Shimizu says he hopes the app will help doctors diagnose patients over long distances by phone.
“We can diagnose people even living in a rural place without a hospital over the phone using this technology with smart phones. This is what we are aiming for,” he said.

Other exhibitors focused on helping the physically challenged walk and work more easily.
Cyberbyne Robo Care Center, creators of the Hybrid Assistive Limb (HAL), says its robot suit will help the elderly and infirm walk and carry heavy objects with relative ease.

Takashi Kasukawa, manager of the company’s sales planning department, demonstrated how easy it was to lift a 10-litre canister of water from the floor while wearing the suit. “The brain’s information is transmitted to the muscle through the nerve cells during movements. The HAL will catch the bioelectric potential signals generated at that time and then act,” he said.

In addition to personal use devices, technology aimed at wider use in hospitals was also on display. The world’s largest toilet manufacturer, Toto, presented Flowsky, a toilet which acts as a uroflowmeter. A user urinates into the toilet where a sensor measures changes in volume over time to calculate the urine flow rate and volume, providing a reading shortly afterwards.

In total 27 bio-industry related organizations exhibited advanced health technologies at the expo.
ME-BYO is a play on the Japanese word Mibyo, which is considered to be the pre-symptomatic state before the onset of physical or mental illness that can be monitored in order to take preventative measures or early action. Its literal translation is ‘pre-disease’.

The Kanagawa prefectural government hopes to encourage elderly people to remain healthy and active, and ultimately reduce problems associated with an aging population, including higher medical costs.
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