The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo In fact, the last time the Cardinals converted a 3rd-and-20 or more was all the way back in the 2013 season — Bruce Arians’ first as head coach. In a Week 13 road game against the Eagles, Arizona faced a 3rd-and-20 from the Philadelphia 43-yard line, Palmer found Larry Fitzgerald on a 43-yard touchdown pass to tie the score at 7-7 in the second quarter. Philadelphia would win the game, 24-21. How many times have you heard a play-by-play man say it?“There aren’t many plays in the playbook for a 3rd-and-20.”It may be cliché, but it’s very true.The Arizona Cardinals faced a crucial 3rd-and-20 from their own 18-yard line in Sunday’s game against the Indianapolis Colts. Trailing 13-3 in the fourth quarter, Arizona needed a big conversion to keep their hopes of victory alive. They got it, and it was arguably the biggest play in the Cardinals’ 16-13 overtime win at Lucas Oil Stadium. 8 Comments   Share   Derrick Hall satisfied with D-backs’ buying and selling Arizona went with an empty backfield and had three wide receivers left and two to the right, including Jaron Brown. Quarterback Carson Palmer got pressure from his left, stepped up in the pocket and threw a strike to Brown on the numbers right at the line to gain — the Arizona 38-yard line. Brown was hit by Rashaan Melvin and fell forward for two more yards to the 40-yard line.First down.The damage was exacerbated by Jabaal Sheard’s personal foul penalty for hitting Palmer in the head, adding 15 yards to the end of the play. They would score on the next play on Palmer’s 45-yard strike to J.J. Nelson, but the third-down conversion (and penalty) set the stage.“Great catch, huge play,” Palmer said after the game. “It’s not an ideal situation to be in, obviously, especially against the way they were playing us. They were sitting back a lot and sitting at the sticks — at the first-down yard marker a lot.“That’s Jaron making a great play.”Not only a great play, but a rare one.In the 2016 season, NFL teams faced 3rd-and-20 or more on 210 different occasions. Only 10 of them were converted into first downs. Arizona was 0-for-11 in such situations. Top Stories Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impactlast_img read more

Rep Kahle invites residents to October indistrict office hours

first_img02Oct Rep. Kahle invites residents to October in-district office hours Categories: Kahle News,News State Rep. Bronna Kahle invites Lenawee County residents to join her for office hours on Friday, Oct. 12 from 10 to 11:30 a.m. at the Lenawee District Library, 4459 W. U.S. 223 in Adrian.“I appreciate these opportunities to talk about ways to make Lenawee County an even better place to live and work,” Rep. Kahle said. “Come visit with me and discuss the issues that are most important to all of us.”No appointments are necessary to attend office hours. Those unable to attend may contact Rep. Kahle’s office at (517) 373-1706 or BronnaKahle@house.mi.gov.#####last_img read more

UK culture secretary John Whittingdale has vowed t

first_imgUK culture secretary John Whittingdale has vowed to close the “iPlayer loophole”, which allows non-licence fee payers to access the online catch-up service for free.Speaking at the Oxford Media Convention yesterday, Whittingdale said that he will bring in legislation to extend the licence fee to cover catch-up, as well as live linear, content “as soon as practicable”.“The BBC works on the basis that all who watch it pay for it. Giving a free ride to those who enjoy Sherlock or Bake Off an hour, a day or a week after they are broadcast was never intended and is wrong,” said Whittingdale.The new legislation, which will apply to the existing licence fee arrangement, follows an agreement between the government and the BBC in July to update the rules in relation to the iPlayer.Whittingdale said that every media business, not just the BBC, being affected by the digital revolution and that unless consumers pay for products and services like video, music and games, “those industries may not survive”.Speaking about the media sector more broadly, Whittingdale claimed that “the newspaper, music, film and games industry are all having to adapt to a world in which consumers are no longer as willing to pay as their parents were.”“In almost every case, advertising revenue now plays an essential part in their new business models. And so I completely understand the concern that a lot of people have expressed to me about the expansion of ad-blockers,” he said.The culture secretary said ad blockers posed a similar threat today to online copyright infringement by illegal file-sharing or pirate sites ten years ago.“Mobile phone manufacturers are now integrating ad blocking features into their browsers. And ISPs are beginning to do the same as they see it as a way of saving money by freeing up capacity on their networks. Meanwhile, some of the ad-blocking companies are drawing up their own rules of acceptable advertising or offering to white list providers in return for payment. Many see such practices as akin to a modern day protection racket,” said Whittingdale.The comments in the same week that new research by the Internet Advertising Bureau claimed that some 22% of online British adults currently use ad-blocking software – up from 18% in October 2015.last_img read more

Click on image to enlarge The CMEs Daily Deli

first_img (Click on image to enlarge) The CME’s Daily Delivery Report showed that 88 gold and 27 silver contracts were posted for delivery within the Comex-approved depositories.  The link to yesterday’s Issuers and Stoppers Report is here. Both GLD and SLV had withdrawals by authorized participants yesterday.  In GLD it was 145,034 troy ounces…and in SLV it was 1,544,992 troy ounces. The U.S. Mint reported selling 5,500 ounces of gold eagles yesterday…and that was it. It was a busy day in silver over at the Comex-approved depositories on Tuesday.  They reported receiving 1,274,887 troy ounces of the stuff…and shipped 513,511 troy ounces out the door.  The link to that activity is here. On the same day in gold, the Comex-approved depositories reported receiving 75,751 troy ounces…and shipped 44,054 troy ounces of the stuff out the door.  The link to that activity is here. Like yesterday, I have no other news, charts, or graphs to post…except for your “cute quota”… Here’s the New York Spot Silver [Bid] chart on its own, so you can see the Comex action in more detail. It was pretty much the same sort of price action in silver…and the silver chart looks a lot like the gold chart.  The low tick…$22.41 spot…most likely came at the same moment as gold’s low, but even the New York Spot Silver [Bid] chart didn’t come close to catching it.  Not surprisingly, silver got hit worse than gold, as that’s “da boyz” problem child…at least it is for JPMorgan Chase and Canada’s Bank of Nova Scotia. Silver closed at $22.59 spot…down 82 cents from Tuesday’s close.  Gross volume was a very chunky 65,000 contracts. The gold stocks gapped down a bit at the open…and then headed south with a vengeance when gold was hit at the London p.m. fix.  The stocks finished barely off their lows of the day…as the HUI was crushed for another 4.72%. Sponsor Advertisement Silver came within a few pennies of its Far East April 16th low price tick at 10:00 a.m. BST in London, but gold is still fifty bucks away from its low of the same day.  If I use Wednesday’s trading action as a template for what might happen in Comex trading in New York today, I’d guess we’ll see JPMorgan et al try to punch a new low price in silver.  But as Ted Butler has carefully pointed out, there are few technical fund long holders left to sell…and even fewer of them are prepared to go short at these prices.  “Da Boyz” may get the price lower, but it will probably won’t allow them to improve their short positions by much…or go long themselves. As you can imagine, I await the New York open with some apprehension. See you on Friday…or on Saturday west of the International Date Line. Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas.  As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, info@uraniumenergy.com.center_img All four metals closed down on the day.  Gold was down 2.34%…silver was down 3.50%…platinum down 0.67%…and palladium 0.41%. The dollar index closed at 83.605 in New York late Tuesday afternoon…and traded just about ruler flat until shortly before 2:00 p.m. Hong Kong Time.  The rally from there peaked out at precisely 8:00 a.m. in London.  The high tick was 84.05.  From there, the index sagged slightly for the rest of the Wednesday session, closing in New York at  83.785…up 18 basis points from Tuesday’s close. JPMorgan et al made no attempt to hide their actions behind the smoke screen of a currency move in New York yesterday, as it was all blatant in-your-face price management that started right at, or just after, the London p.m. gold fix. Platinum got sold off as well during the New York session, but recovered smartly once the selling pressure disappeared.  There was no such sell-off in palladium, as the chart below so plainly shows. Of course the silver stocks got hammered as well…and Nick Laird’s Intraday Silver Sentiment Index closed down another 4.33%. I have a lot fewer stories today, which suits me just fine…and probably you as well. I believe that the big buyer of the 10 million oz of gold liquidated in the GLD was JPMorgan, either alone or with other collusive commercial banks. It dawned on me that the same methodology I’ve previously attributed to a potential Mr. Big in SLV (also probably JPMorgan) is at work in GLD. If one (or 2 or 3) big buyers in GLD had merely purchased the 100 million shares that were sold in GLD by liquidating shareholders, that would have quickly pushed the big buyer(s) over the 5% SEC reporting threshold, thereby revealing the identity of the buyers. Remember, we’re talking about 23% of shares outstanding and there is no way to buy that many shares and not quickly be into reporting status. But by having the gold redeemed out of the trust and the metal being purchased (instead of shares), stock reporting requirements are evaded. A single holder, perhaps working with a few collusive partners, came to own what is, effectively, almost a quarter of the world’s largest gold stockpile and no one is the wiser.  – Silver analyst Ted Butler…15 May 2013 Another day…and another engineered price decline in silver and gold.  One would have to fairly delusional to buy into the ‘stronger dollar’ story considering it’s rather anemic performance.  The price action in both those precious metals had zero to do with currencies, as the dollar index was doing squat at the London p.m. gold fix where most of the price damage occurred. It’s amazing…and discouraging…to look at the precious metal share prices.  They’re now back to where they were when silver was selling for under ten bucks an ounce…and gold around $500.  You’d think that the mining companies would be up in arms, but there hasn’t been a peep out of any of them…or from the organizations that purport to represent them…the World Gold Council and The Silver Institute. Of course these organizations are strong with the dark side of The Force…and any mining executive that has ever worked in an executive position in either of them had already been totally compromised, or they would never have been offered those positions in the first place. It’s too bad that yesterday’s price action occurred on a Wednesday, as it was the day after the cut-off for tomorrow’s Commitment of Traders Report.  And as I’ve pointed out countless times over the years, this is a little trick “da boyz” pull when they want to hide their tracks for as long as possible, as what happened yesterday won’t be public knowledge until the COT Report on May 27th. Not much happened, or was allowed to happen, in Far East trading on their Thursday…and as the London open approaches [in less than ten minutes] as I write this paragraph, all four precious metals are basically unchanged from Thursday’s close in New York.  Volumes are already very high in both silver and gold but, as per usual, it’s virtually all high-frequency trading.  The dollar index is up a handful of basis points. It’s been more than two hours since I wrote the above paragrah…and there have obviously been some ‘developments’.  Around the time of the London open, the high-frequency traders showed up on the scene…and all four precious metals came under selling pressure once again.  And as I hit the ‘send’ button at 5:15 a.m. EDT…gold is down seventeen bucks, silver is down 40 cents…and platinum and palladium are down over a percent each.  Volumes skyrocketed…now over 65,000 contracts in gold and 14,000 contracts in silver…and the dollar index is up a magnificent 15 basis points. It’s amazing…and discouraging…to look at the precious metal share prices. The gold price didn’t much of anything in Far East trading for most of their Wednesday.  However, about 2:30 p.m. Hong Kong time, which is thirty minutes before the 8:00 a.m. BST London open, gold got sold down about fifteen bucks by 9:00 a.m. BST…and that certainly could have been currency related. After that, the gold price didn’t do much of anything until at, or shortly after, the London p.m. gold fix.  Then, in the space of less that ninety minutes, gold got sold down about twenty-five dollars, with the low tick [$1,387.00 spot] coming shortly before 11:30 a.m. EDT in New York. The subsequent rally, such as it was, didn’t amount to much…and after that, gold continued to sell off quietly into the close of electronic trading at 5:15 p.m. Gold closed at $1,392.50 spot…down $33.30 on the day.  Net volume was very large…around 204,000 contracts.last_img read more

Interest rates could soon take off If we wrote th

first_imgInterest rates could soon take off.If we wrote this a few months ago, you might have thought we were crazy. That’s because the Federal Reserve’s done everything it can to avoid raising interest rates this year.In March, it didn’t raise rates because of a bad jobs report. In June, it held off due to concerns about the global economy and “market volatility.” In September, it didn’t raise rates because it’s waiting for the job market to improve.These are legitimate reasons to not raise rates…but the Fed also held off for another reason: the presidential election.You see, the Fed has held its key rate near zero since 2008. This made it incredibly cheap for households and businesses to borrow money. In many ways, the economy is now hooked on cheap money.At this point, the Fed could trigger a financial crisis or recession by raising rates. And that’s the last thing it wanted to do before the election.• With the election behind us, most people think the Fed will finally raise its key rate next month… To be fair, most investors have been preparing for a December rate hike since the summer. But now that Trump’s going to be president, it looks like rates could rise faster than people expected.You see, most people thought the Fed would raise rates slowly if Hillary won. But Trump has a much different plan for America.He wants to grow the economy using fiscal stimulus, which basically means government spending. Specifically, he wants to spend hundreds of billions fixing the country’s infrastructure.According to Bloomberg, Trump’s policy could force the Fed to jack up rates quicker than they would have under Hillary:“We do view the election of Donald Trump as a game changer,” said Adam Donaldson, head of debt research at Sydney-based Commonwealth Bank of Australia. “The strong bias toward fiscal expansion and inflationary policy represents a stark change to the malaise of recent years. This opens the door for the Fed to hike in December, but also more quickly in 2017 and 2018 than previously expected.”• This is a HUGE deal…  You see, interest rates aren’t some arbitrary number. They’re the price of money. A big move in interest rates affects everything from stocks to commodities.You also have to remember that almost no one thought Trump would win. The market didn’t “price in” rates rising quickly. That’s why we’ve seen big moves by every major financial asset since the election.Today, we’re going to show you how the prospect of rising interest rates is impacting different asset classes…starting with a sector that’s very sensitive to interest rates.• Utility stocks tanked after the election… The sector closed the week down 4.08%. Keep in mind the S&P 500 jumped 3.7% last week. According to Fidelity Investments, utilities were by far the worst-performing group in the S&P 500.Utilities provide electricity, gas, and water to people. They sell things that people can’t live without. This makes for relatively stable revenues, which allows them to pay steady dividends.Many investors own utility stocks specifically for their dependable dividends. That said, utility stocks aren’t as attractive when interest rates are high or likely to rise. That’s because investors can collect decent income in other assets, like bonds.If rates rise like many investors expect, utility stocks could keep falling.• Emerging market assets could also be in big trouble if rates head higher… As you probably know, it’s riskier to invest in emerging markets than in developed countries like the U.S. or Japan. To attract money, emerging markets offer higher returns.For example, Brazil’s 10-year government bond pays a 12.1% yield right now. That’s almost six times more than the 2.1% yield of the U.S. 10-year Treasury.If U.S. interest rates keep rising, U.S. investors could start pulling money out of emerging market assets. According to Reuters, this is already happening:Emerging market shares and currencies slumped on Friday as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows…The most volatile trading on Friday was across emerging markets, as investors bet that Trump’s fiscal policies will be inflationary, push U.S. rates up and drive investors into dollar-based assets. The real risk here is doing nothing…Porter Stansberry says this could be the domino that starts it all… He’s recommending a strategy to bet AGAINST the most vulnerable companies as it all unfolds. Join him on Nov 16th, to hear how this approach works. – Recommended Links “Project Fedcoin” to Start January 1st?The U.S. dollar is in crisis. Fed members just wrapped up a special “behind-closed-doors” meeting to discuss one of the most dramatic changes to our money in the last 100 years. A change that not only affects how we spend, save, and earn… But that will also transform the very nature of “money” itself. This currency expert explains the shocking details here… — • The iShares MSCI Emerging Markets ETF (EEM) plummeted last week… EEM tracks emerging market stocks across the world. According to Bloomberg Markets, the fund suffered its worst day since 2011 on Thursday, when it experienced more than $1.5 billion in withdrawals.You can see it’s now down 8% since Election Day and trading at its lowest level since July.On Friday, Bloomberg Markets warned that emerging market stocks could head much lower in the coming days:“EM ETF flows are about to look like the elevator scene from The Shining as you have the double whammy of rising rates and an oncoming ‘America first’ trade policy,” writes Eric Balchunas, ETF Analyst at Bloomberg Intelligence. “We could see $20 billion in outflows by the end of next week.”• The anticipation of higher interest rates has hurt gold, too…  Last week, the price of gold fell 6.1%. It’s now trading at its lowest level since April.Like utilities, gold sold off due to expectations that interest rates will head higher. You see, unlike a bond, gold doesn’t pay interest. Because of this, many investors don’t like to own gold if they expect rates to rise. Of course, regular readers know the conventional wisdom about gold and interest rates is dead wrong.As we’ve pointed out many times, the price of gold has actually increased after the last four Fed rate hikes.You can see in the chart below that the price of gold jumped 20% in just six months when the Fed started raising rates in 2004.In other words, gold can still do very well if the Fed raises rates quickly…which is still a big “if” at this point.• You also have to remember that we don’t buy gold to make a quick profit… We own it because it’s real money and serves as the ultimate protection against financial chaos. And right now, there’s a lot of uncertainty about the economy and financial system.If you’re nervous about the economy, hold on to your gold. If you’re nervous about the financial system, hold on to your gold. If you’re nervous about our new president, hold on to your gold.Even a small gold position could save you from huge losses when the next financial crisis hits.If you would like to buy gold while it’s “on sale,” check out this presentation we recently put together. It reveals a “loophole” in the global gold market. In short, one of our analysts found what may be the cheapest way in America to buy gold.We can’t say how long this offer will last. So make sure to watch this video today if you’re thinking about buying gold. Click here to learn more.Regards,Justin SpittlerDelray Beach, FloridaNovember 14, 2016How to Hedge Against a Bear MarketEditor’s note: We’re continuing our special mini-series today featuring Stansberry Research founder Porter Stansberry.If you haven’t been following along, Porter says there are unprecedented warning signs in credit markets all around the world…The global scale of these problems means the coming crisis—what Porter has called “the greatest legal transfer of wealth in history”—will be truly historic. And folks who don’t see what’s coming could be wiped out. In fact, Porter says what’s about to happen in the markets will be worse than anything you’ve experienced as an investor…In today’s essay, Porter describes the best way to reduce your risk as this crisis unravels…(The following essay was published on November 14, 2016, in the Stansberry Digest.)From Porter Stansberry, founder, Stansberry Research***For most of the last 15 years, I’ve focused on building tools and advisories to help you avoid risk…You might not have thought of it that way, but that’s exactly what I’ve been doing.Just read almost any of the newsletters I (Porter) have written since 2001. You’ll immediately see that my Investment Advisory is primarily about mitigating investment risk. We do this by focusing our recommendations on safe, capital-efficient companies. Alongside this core portfolio, we add a few non-correlated hedge-like investments (such as Fannie and Freddie, which have soared lately). And we even hedge against the market directly with a small number of short-sell recommendations that ideally will “zig” when the rest of our portfolio “zags.”Long-term studies of our results prove this approach has created the best risk-adjusted returns of any letter we publish. (That’s the highest returns with the least amount of volatility.)***But today, I’m recommending the riskiest thing you can do with your money in the markets… There’s an enormous apparent dichotomy here. But… once you really understand this strategy, you’re going to see that there’s no divergence at all. At times, doing things that seem risky (like shorting a stock) are actually the best ways to reduce your portfolio’s risk exposure. Regardless whether you follow me with this particular strategy, I want to make sure you understand why I’m advocating that you take significant steps to hedge your portfolio today.***The biggest pitfall for most investors is the tendency to misjudge risk tolerance… Most subscribers who think they can handle lots of volatility really can’t. But if you’re reading this and you’re thinking, “That’s not me. I’m a conservative investor. I don’t take big risks with my portfolio,” I’d bet you’re wrong. Almost every investor I talk to about risk also underestimates the volatility of his or her own portfolio.Not you, though… right? Well, maybe. Think about your own investment experiences. What happened in your account from October 2008 through March 2009? Most people who would have sworn they were conservative investors ended up watching their life savings collapse by 50% or more. Most of them decided they weren’t “buy and hold” investors after all. (They ended up being “buy and fold” investors.) Holding too much risk inevitably trips up most investors.***Risk doesn’t equal reward…I also know from empirical studies of investment results that contrary to what just about every finance department in the country will teach you about finance, risk simply doesn’t equal reward.Lots of good research out there suggests that a strategy of buying well-financed, low-volatility stocks can beat the market by a wide margin.Plenty of real-life examples guide our thinking in this area, too. Investing legend Warren Buffett is a classic example. He made nearly 25% a year in the market between 1954 and 2000 by focusing on the least risky businesses to own, like insurer GEICO, beverage giant Coca-Cola (KO), and credit-card issuer American Express (AXP).It was a brilliant strategy. And it worked, primarily, because he avoided taking risks. He even sold almost all of his stocks in 1969 because he thought the market was too expensive. He didn’t buy back in until 1974. Do you think you could avoid making any equity investments for five years just because you thought the market was too risky?Editor’s note: We are on the precipice of an opportunity where betting against the biggest and most indebted companies in the U.S. could lead to life-changing profits. Porter is hosting a FREE live event on Wednesday night where he’ll lay out all of the details. Click here to reserve your spot.last_img read more

Covered California the states health insurance m

first_imgCovered California, the state’s health insurance marketplace under the Affordable Care Act, has devised what could be a powerful new way to hold hospitals accountable for the quality of their care.Starting in less than two years, if the hospitals haven’t met certain designated targets for safety and quality, they’ll risk being excluded from the “in-network” designation of health plans sold on the state’s insurance exchange.”We’re saying ‘time’s up,’ ” says Dr. Lance Lang, the chief medical officer for Covered California. “We’ve told health plans that by the end of 2019, we want networks to only include hospitals that have achieved that target.”Here’s how hospitals will be measured: They must perform fewer unnecessary cesarean sections, prescribe fewer opioids, and cut back on the use of imaging (X-rays, MRIs and CT scans) to diagnose and treat back pain.Research has shown these are problem areas in many hospitals — the procedures and pills have an important place, but have been overused to the point of causing patient harm, health care analysts say.C-sections, in particular, have come under scrutiny for years.Many women who don’t need a C-section often get one anyway, according to the data — and it varies from hospital to hospital. Even for low-risk cases, Lang says, several California hospitals are delivering 40 percent of babies by C-section. At one hospital, it’s 78 percent.”That means that when a woman goes to a hospital, it’s the culture of the hospital that really determines whether or not she gets a cesarean section, not so much her own health,” says Lang.Hospitals get paid more to perform a C-section than a vaginal delivery, and the operation usually takes less time, though it is major surgery. Performing it when it’s not needed exposes a woman to unnecessary risks: infection, hemorrhage, even death.Studies also have found that babies delivered by C-section are more likely to have complications and spend more time in the neonatal intensive care unit.That’s not quality health care, Lang says, and that’s why Covered California is telling hospitals they need to reduce their C-section rates to 23.9 percent or lower, for low-risk births.In this case,”low-risk” is defined as a healthy, first-time mom who has carried the single fetus with its head down, all the way to full term — now defined as 39 weeks gestation.Medi-Cal, the state health program for low-income residents, CalPERS, the retirement program for state employees, and the Pacific Business Group on Health, which represents self-insured employers, are also calling on hospitals to improve their quality measures.Together, these groups pay for the health care of 16 million Californians, or 40 percent of the state, which gives them substantial leverage with hospitals.But only Covered California is telling hospitals that if they don’t play by the rules, they’ll be benched.”It’s probably the boldest move we’ve seen in maternity care ever,” says Leah Binder, CEO of the Leapfrog Group, a Washington, D.C.-based nonprofit that rates hospitals on quality.Expecting hospitals to meet external metrics for quality control is a recent phenomenon, and compliance is still largely voluntary, she says.”Back in the ’80s and ’90s, nobody ever thought that hospitals should have to report to anyone on how they were doing,” she says. “There’s never been a culture of accountability.”Covered California’s move is nationally significant, Binder says, given the consequences for hospitals, and the agency’s reach — 1.4 million people buy coverage through the marketplace — and they shop among plans offered by 11 state-approved insurance companies.Insurers and business groups across the country are already keeping an eye on California’s effort, she says, to see how they might band together to demand similar change from the hospitals in their regions.Overall, California’s hospitals are on board with the C-section goal. Of the 243 maternity hospitals in the state, 40 percent have already met the target, Lang says, and another 40 percent have taken advantage of coaching and consulting to help educate the doctors on how they can adjust their practice. They’re also finding they have to educate patients who request C-sections about the procedure’s risks.”While many may prefer that, when having the full information about the risk that they may be putting themselves and their babies in, they elect not to move in that direction,” says Julie Morath, CEO of the Hospital Quality Institute, a subsidiary of the California Hospital Association. Both groups support the C-section reduction goals as “the right thing to do,” she says.The strategy has raised some concerns among mothers who hear about the 23.9 percent target and worry about rationing.”We don’t just chase rates,” Morath says in response to that concern, “but rather look at what the clinical needs are and how to best respond to those. So if there is an indication for a cesarean section, the mother will receive a cesarean section.”Still, not all hospitals will find it easy to comply. State data show there are about 40 hospitals that are still far off the target in California, including a cluster of hospitals in East Los Angeles that treat low-income, often uninsured, patients.”If you have somebody who is on methamphetamines and is homeless and has not gotten any prenatal care, her chance of a C-section is way higher than someone who is not all those things,” says Dr. Malini Nijagal, an OB-GYN at Zuckerberg San Francisco General Hospital, and the University of California, San Francisco. “And so the problem is, how do you adjust for the patient population of a hospital?”At Memorial Hospital of Gardena, the C-section rate is 45.2 percent. At East Los Angeles Doctors Hospital, the rate is 48.1 percent, according to publicly available state data listed on CalHospital Compare and Yelp. Both hospitals are working diligently to lower the rates, according to Amie Boersma, director for communications for Avanti Hospitals, which owns both facilities.She says the hospitals will meet the 23.9 percent benchmark and are committed to doing so for the sake of their patients. Being excluded from Covered California health plan networks, she adds, would make it even more difficult for those patients to get care. They would either have to pay out-of-network fees to be seen there, or they would have to travel farther to another facility that was still in the network.”We are in underserved, economically challenged urban neighborhoods and it is vitally important that we continue to provide appropriate, high-quality care for our communities,” Boersma says.Health plans can request an exemption from Covered California’s contract rules (in order to keep noncomplying hospitals in their networks) — as long as they document their reasoning.”That is flexibility that we asked for to ensure that we maintain adequate access to providers,” says Charles Bacchi, CEO of the California Association of Health Plans, a trade group for insurers. “Any major changes to health plan networks must be filed with regulators. And health plans have to ensure that patients continue to receive services in a timely manner.”So far, the prospect of exclusion, plus the coaching for hospitals on how to reduce the rates, have functioned as an effective motivator.By 2020, Covered California’s Lang believes all hospitals will either have met the target or be on their way.”It’s a quality improvement project,” Lang says, “but with a deadline.”This story is part of NPR’s reporting partnership with KQED and Kaiser Health News. Copyright 2018 KQED. To see more, visit KQED.last_img read more

Disabled campaigners have criticised the chancello

first_imgDisabled campaigners have criticised the chancellor’s failure to provide any money in the budget to solve the social care funding crisis, despite a warning from the UN.Although Philip Hammond announced some extra funding for the NHS, there was no mention of social care in his budget speech, or in the main budget report.It came only days after the government left disabled campaigners “completely frustrated” by admitting that it will side-line the needs of working-age disabled people from next summer’s social care green paper (see separate story).In August, the UN’s committee on the rights of persons with disabilities warned that the UK was “going backwards” on independent living, and called on the government to draw up a “comprehensive plan” to address the problem.Despite that call, there was not a single mention of disabled people, disability, independent living or social care in the chancellor’s 7,700-word speech to MPs yesterday (Wednesday), repeating his failure to mention disabled people or disability in his 6,700-word budget speech in March.The chancellor (pictured delivering the budget speech) did announce an extra £335 million for the NHS in England this winter, £1.6 billion in 2018-19, and another £900 million in 2019-20 – still far short of the extra £4 billion-a-year health leaders say it needs – as well as overall increases of £2 billion for the Scottish government, and £1.2 billion more for the Welsh government, but he allocated nothing to social care in England.In March, the chancellor allocated just £2.4 billion in extra money for social care over the next three years, a sum described by disabled campaigners at the time as “meaningless” when set against the scale of the funding crisis.A survey of social workers in England by Community Care magazine and the Care and Support Alliance, published in September, found that more than two-thirds felt they were expected to cut people’s care packages because of local authority funding pressures, while more than a quarter were not confident that the reduced care packages they had to oversee were “fair and safe”.Labour leader Jeremy Corbyn said yesterday, in his speech responding to the budget, that by March next year more than £6 billion will have been cut from social care budgets since 2010.Linda Burnip, co founder of Disabled People Against Cuts, said: “As expected, the Tories have completely ignored yet again the human disaster they have allowed to develop in relation to social care and have failed to address in any way the ever increasing lack of funding to support disabled people’s human rights to live independently in the community with adequate levels of support.”Disability Rights UK said: “There will be deep disappointment amongst disabled people that there was no mention of social care in the budget.“The crisis in services looks set to continue unabated.”The Local Government Association said it was “a completely false economy to put money into the NHS while not addressing the funding crisis in adult social care” and “sends a message that if you need social care, you should go to hospital”.The disability charity Sense warned the government that it “cannot save the NHS if it delays dealing with social care”.And another disability charity, the MS Society, said the failure to provide more money for social care was “even more alarming” than the refusal to meet the NHS funding gap, and “provides nothing to prevent the current crisis from worsening”.The budget report did include one disability-specific spending announcement, with an extra £42 million for the disabled facilities grant – which provides funding to make disabled people’s homes more accessible – increasing the total budget for this year (2017-18) to £473 million, although this was not mentioned in Hammond’s speech.There was also relief that the government finally agreed to introduce measures to soften the impact of the botched rollout of universal credit (UC), which is gradually replacing six working-age benefits.Campaigners have been warning that the rollout is leaving hundreds of thousands in debt, and forcing people – many of them disabled – to borrow from loan sharks, pawnbrokers and payday loan companies, while many have been left in rent arrears and facing eviction.Hammond announced a package of improvements to UC that will cost £1.5 billion over the next five years (£300 million in 2018-19), including removing the seven-day waiting period for new claimants so that entitlement starts on the day of the claim.Claimants will also be able to secure an advance, equal to a full month’s UC payment, within five days of making a claim, and will be allowed to make online applications for advances.They will also be allowed to pay back the advance payment over 12 months, instead of the current six, while claimants moving from housing benefit to UC will receive an extra two weeks of their housing benefit award to ease the transition.The Treasury told Disability News Service that the changes will cause a further three-month delay to the rollout of universal credit, so it will now reach all jobcentres – although not all claimants – by December 2018 rather than September 2018.Further details were due to be announced today (Thursday) by work and pensions secretary David Gauke.Citizens Advice Scotland welcomed the “significant” changes, and said they would “make a real difference to those claimants who are currently experiencing hardship”, but warned that there were “other problems with universal credit which we believe still need to be addressed”.last_img read more

Selfies Could Fool the Galaxy S8s Iris Scanner

first_imgSelfie A hack demonstrates that the iris scanner in Samsung’s new flagship smartphone could unlock the device when presented with a photograph of the owner’s eye. Samsung describes the Galaxy S8’s iris scanner, which lets you unlock the phone just by looking at it, as “one of the safest ways to keep your phone locked and the contents private.” After all, “the patterns in your irises are unique to you and are virtually impossible to replicate,” Samsung explains on its website.But the company may now want to rethink the veracity of its marketing tactics, following a revelation this week that the Galaxy S8 iris-recognition system was hacked with a simple technique. Members of the Chaos Computer Club (CCC), based in Germany, were able to unlock an S8 using a photo containing its registered iris. Theoretically, that means anyone who posts selfies online and has an S8 with iris recognition enabled is giving hackers a potential backdoor to unlock their phone.In practice, it’s not that simple. To pull off their hack, the CCC explained in a blog post that they used a clear picture of the phone owner’s face, which was then printed using a laser printer. They then held a contact lens on top of the eye in the photograph, in order to give it the convex three dimensional shape required for the iris scanner to recognize it.In addition to using high-resolution selfies, a hacker could also surreptitiously snap a photo of their intended victim, CCC notes.Despite the simplicity of the hack, it doesn’t reveal any fundamental flaws about Samsung’s iris scanner itself. It’s also worth noting that a similar technique could potentially be used to fool the S8’s face recognition unlocking system, or any other phone with similar unlocking options.Samsung did not immediately respond to a request for comment. But it does warn that face recognition (which uses the front-facing camera) is a less secure method of unlocking your phone, explaining in a footnote on its website that “face recognition is less secure than pattern, PIN or password.” Selfies Could Fool the Galaxy S8’s Iris Scanner Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Tom Brant Enroll Now for $5 News reporter Add to Queuecenter_img May 25, 2017 2 min read This story originally appeared on PCMag Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. –shares Next Article Image credit: via PC Maglast_img read more

This Big Tech Company Is the Most Trusted According to New Survey

first_img This story originally appeared on PCMag 2 min read In light of recent scandals, there’s little surprise in learning that fewer Americans have faith in Facebook’s willingness or ability to obey laws protecting personal information.According to data from Forbes and Statista, Facebook was the only company for which the majority of consumers said they lacked trust. Meanwhile, Yahoo’s new owner Verizon will need to improve consumers’ trust as memories of its massive data leak may still be lingering.Of the four large tech ecosystem vendors that actually sell products to consumers (Amazon, Apple, Google and Microsoft), Apple ranked last in terms of garnering consumers’ trust, despite the company’s insistence that it is committed to privacy.In contrast, Google ranked second, despite having a business based on targeted advertising.While Amazon has long been unafraid to advertise products to customers based on shared data, it garnered trust among most consumers. That may be related to the company’s outstanding customer satisfaction ratings, or that consumers trust Amazon with their financial information for billing. Amazon’s trust has proven an asset as it has moved forward with devices that listen for speech in the home, and the company will need to leverage a lot of consumer trust if initiatives such as Amazon Key are to be successful. This Big Tech Company Is the Most Trusted, According to New Survey –shares Next Article Trust According to data from Forbes and Statista, 51 percent of consumers do not trust Facebook to obey laws protecting personal information. Add to Queue PCMag Staff Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Enroll Now for $5 Fireside Chat | July 25: Three Surprising Ways to Build Your Brand April 23, 2018 Image credit: via PC Maglast_img read more

Staples to Turn Parts of Some Stores Into Office Space

first_img Image credit: manolofranco |Pixabay Staples to Turn Parts of Some Stores Into Office Space Next Article April 4, 2016 Staples has announced a new way to make better use of its cavernous stores at a time of shrinking shopper traffic: turning some of that square-footage into office space.The office supplies giant said on Monday it was collaborating with office-sharing startup Workbar to open communal workspace at three of its stores in metro Boston in a pilot. Workbar runs a network of locations with desks and conference rooms that subscribers can use for a monthly fee. Each of the 2,500 to 3,500 square-foot Workbar facilities will have workspaces, conference rooms, private phone rooms and Wi-Fi access. The average U.S. Staples location is 20,000 square feet in size.The move is just the latest by big box retailers looking to find new uses for all their store space at a time more shopping is moving online. For instance, Macy’s has shops run by sports apparel retailer Finish Line and is testing out a similar idea with electronics retailer Best Buy . Sears has rented out parts of stores to everyone from Whole Foods Market to Dick’s Sporting Goods.Staples is struggling with a declining retail business. It said last month it would close 50 of its 1,607 North American stores this year, after shutting 242 others in the two previous years. Staples is also trying to convince the government to let it buy Office Depot to fend off growing competition in the office supplies area from Amazon.com.It recently re-named its business services division Staples Business Advantage from Staples Advantage to prop up that part of its business, which in contrast to the retail division, is growing. Business services now generate 40 percent of company sales, compared to 35 percent in 2013. What’s more, Staples’ North American B2B unit is far more profitable and looks set to surpass the retail division in the next year or two.Many of Staples’ stores have much more space than they need, now that people are buying more and more office items online. Add to Queue Free Webinar | July 31: Secrets to Running a Successful Family Business Phil Wahbacenter_img Staples This story originally appeared on Fortune Magazine –shares 2 min read Learn how to successfully navigate family business dynamics and build businesses that excel. Register Now »last_img read more

What Nintendo Hopes to Learn From Disney to Turn its Business Around

first_img Add to Queue Reuters Flush with the stunning popularity of the Pokémon Go mobile game, Nintendo aims to make more from marketing popular characters such as Super Mario, taking a leaf from the Walt Disney playbook where Mickey Mouse and friends bring in billions of merchandising dollars each year.But, where Disney’s animated characters often earn more than the films they star in, Super Mario, Pokémon and other Nintendo franchises have languished amid the Japanese firm’s reluctance to push them beyond its struggling game console platform.The success of Pokémon Go — created by Nintendo, Pokémon Company and Niantic, a Google spinoff — may signal that Nintendo’s move to let its characters roam beyond that console universe could help revitalize a company that had grown from a card game maker in 19th century Kyoto to the world’s top computer game and console maker.”We are now expanding how we leverage Nintendo IP in various ways beyond our traditional use of them predominantly within the dedicated video game platform business,” Tatsumi Kimishima, the company’s president, wrote in a message to investors.It could be sitting on a goldmine.”We believe the value of Nintendo intellectual property is enormous and will eventually be unlocked over a three to five year period,” Jefferies analyst Atul Goyal wrote in a Monday research note.A spokesman for Japanese toymaker Takara Tomy said: “We are seeing a resurgence of interest in Pokémon toys after the launch of Pokémon Go.”Nintendo, which on Wednesday partly blamed a strengthening yen for its April-June operating loss, is said to be doing more to expand the reach of its popular franchises, which also include The Legend of Zelda.”Nintendo used to have only few people in its licensing business and deal only with a limited number of merchandising companies,” said a toy company official, who asked not to be named as he is not authorized to talk to the media. “That’s gradually changing as the company has made it clear it will boost its IP business.”Shigeru Miyamoto, the creator of the puppet-inspired Super Mario, has indicated Nintendo has more appetite now to allow its franchise characters to spread beyond console gaming, and into revenue generating licensing agreements.”These projects will take time to bear fruit, but they are something to look forward to,” Miyamoto told Nintendo’s shareholder meeting late last month, adding Nintendo had started licensing characters for attractions at Universal Studios theme parks and was working to expand Nintendo products.Faded WiiSince its Wii game console boom faded four years ago and its successor, the Wii U, flopped, Nintendo has been buffeted by losses that have more than halved its cash pile to around $5 billion.Nintendo sold almost 100 million of its Wii consoles between its late-2006 launch and end-2011, the year before the Wii U was released. Subsequent sales of the Wii U have added only 13 million units. As casual gaming has shifted from the living room to the smartphone, sales of its handheld 3DS video game system are just a third of the older DS model.Wary of losing focus on its ailing console business, Nintendo has largely steered clear from producing games for other platforms or agreeing lucrative licensing agreements.In the year to end-March, the company’s licensing revenue was just 5.7 billion yen ($54.2 million) — around 1 percent of overall sales, and a tiny fraction of what Disney earns from the likes of Mickey Mouse, Toy Story, Winnie the Pooh and, more recently, Star Wars.Disney’s revenue from consumer products — from Mickey Mouse tea pots and tie clips to books, magazines and even English language schools in China — totaled $4.5 billion in its last full business year — around 9 percent of its total sales.It was Disney’s fastest growing business segment in the year to Oct. 3, 2015, with operating profit up 29 percent from a year earlier. While the Toy Story 3 movie, released in 2010, earned Disney $1.7 billion at cinemas and from TV broadcasts, the franchise’s licensed toys, books and a smartphone app have brought in $7.3 billion.That’s a merchandising masterclass that some investors reckon Nintendo will struggle to match.”Monetizing IP is a whole different thing from selling games,” said a fund manager at a Japanese asset management firm which owns Nintendo shares.”They say they’re going to sell a wrist watch, but it’s adults who are playing Pokémon Go… And are they going to wear a Pokémon Go Plus watch?”($1 = 105.1900 yen)(Reporting by Makiko Yamazaki and Tim Kelly; Editing by Ian Geoghegan) Fireside Chat | July 25: Three Surprising Ways to Build Your Brand What Nintendo Hopes to Learn From Disney to Turn its Business Around –shares Next Article Enroll Now for $5 July 28, 2016 4 min read Nintendo Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. This story originally appeared on Reuterslast_img read more

Drug cocktail may help combat breast cancer

first_imgReviewed by Alina Shrourou, B.Sc. (Editor)Feb 6 2019MYC, a gene with high cancer-initiating potential, is overexpressed in over 40% of breast cancers. While MYC programs breast cancer cells to build more macromolecules (anabolic metabolism) it also creates a metabolic vulnerability by making them more sensitive to a type of cell death known as apoptosis. Research Director Juha Klefstrom, PhD, University of Helsinki, Finland, has worked for a long time to exploit this apoptosis-sensitizing effect of MYC in the battle against the cancer.Klefstrom and his research group found that, because of this vulnerability, cancer cells can be attacked with a “drug cocktail” that includes the diabetes drug metformin and venetoclax, a BCL-2 protein inhibitor that can induce apoptosis in cancer cells. The group identified metformin in a search for drugs that could boost the apoptosis-inducing action of venetoclax. Venetoclax has been approved to treat certain leukemias but not yet for the treatment of breast cancer.”This drug combo exploits specific metabolic vulnerabilities that high levels of MYC creates in tumor cells. Metformin and venetoclax, when given together, killed breast tumor cells in culture and blocked tumor growth in breast cancer animal models. Furthermore, the drugs efficiently killed authentic breast cancer tissue donated by breast cancer patients. The breast cancer samples were obtained fresh from surgeries performed in Helsinki University Hospital”, Dr. Klefstrom says.However, the researchers soon discovered that the metformin plus venetoclax treatment only held tumors in check as long as the mice with implanted breast tumors were actively being treated with the drugs; once the treatment was stopped, the tumors grew back. The study shows that tumors were initially filled with tumor-killing lymphocytes; however, after the treatment they largely vanished and the remaining killer cells expressed PD-1, a marker of immune cell exhaustion.To help the immune cells better fight the tumor, the researchers developed a new treatment strategy. First, they hit breast tumors with apoptosis-inducing drugs metformin and venetoclax to reduce the tumor size and to wake up killer lymphocytes. After the primary tumors were surgically removed, the mice were then treated with a triple combination: metformin, venetoclax and a PD-1-targeted antibody, which is used in immunotherapies to keep killer cells active long-term.Related StoriesStudy reveals link between inflammatory diet and colorectal cancer riskObese patients with Type 1 diabetes could safely receive robotic pancreas transplantNew study to ease plight of patients with advanced cancer”With this combination the survival of mice carrying implanted tumors was extended dramatically in comparison to mice that were treated with only single or double combinations”, Klefstrom states.Klefstrom highlights that this is a wonderful example of a translational study fundamentally aimed at taking research from bench to bedside. The key people from the University of Helsinki and Helsinki University Hospital (HUS) – basic researchers, pathologists, surgeons and oncologists – were all involved at the earliest stages of the study.The first author of the study Dr Heidi Haikala notes: “It’s quite amazing how we’ve been able to bring a discovery from the lab bench all the way to the doors of the cancer clinics within the time frame of one PhD project. We are very excited about our findings and hope that they will translate to benefit breast cancer patients.””This is a great example of how scientists in academia, leveraging highly specialized tumor models and applying their unique insights, can contribute to the discovery of potential new treatments for people with cancer. It is also a testament to the great research being done in smaller countries like Finland,” states Joel Leverson, Ph.D., a Senior Scientific Director at AbbVie and one of the senior authors in the study.”We finally have a drug combination that efficiently exploits MYC’s apoptotic function and most importantly, these drugs can be tested in the clinic in real patients. We are currently working hard towards this next step.”, Klefstrom concludes.Source: https://www.helsinki.fi/en/news/health-news/combination-treatment-including-diabetes-drug-and-immunotherapy-may-help-to-fight-breast-cancerlast_img read more

No Facebook doesnt secretly listen via your microphone to target ads at

Whatever you might have heard, Facebook doesn’t listen in on everything you do through the microphone on your phone, mining the information for clues on what ads to send you. Citation: No, Facebook doesn’t secretly listen via your microphone to target ads at you (2018, April 12) retrieved 18 July 2019 from https://phys.org/news/2018-04-facebook-doesnt-secretly-microphone-ads.html “No,” CEO Mark Zuckerberg told members of Congress on Tuesday, addressing a conspiracy theory that doesn’t seem to want to die.The theory has been floating around since at least 2016. It posits that Facebook surreptitiously records audio using the microphones on users’ smart phones, then uses voice recognition software to turn it into searchable terms that the site can use to place ads in the user’s news feed.An example would be if someone were discussing lawn mowers near their phone, then suddenly started seeing lawn mower ads in their Facebook news feed.Facebook addressed the rumor in June 2016 in a post, saying this:”Facebook does not use your phone’s microphone to inform ads or to change what you see in News Feed. Some recent articles have suggested that we must be listening to people’s conversations in order to show them relevant ads. This is not true. We show ads based on people’s interests and other profile information—not what you’re talking out loud about.”However, the rumor isn’t going away. In a hearing before Congress on the Cambridge Analytica scandal Tuesday, Sen. Gary Peters of Michigan asked Zuckerberg, “Yes or no, does Facebook use audio obtained from mobile devices to enrich personal information about users?””No,” Zuckerberg responded.He continued, “Senator, let me get clear on this, you’re talking about this conspiracy theory that gets passed around that we listen to what’s going on on your microphone and use that for ads. To be clear, we do allow people to take videos on their devices and share those, and videos have audio, so we do while you’re taking a video, record that and use that to make the service is better by making sure your videos have audio, but I think that is pretty clear. But I just wanted to make sure I was exhaustive there.”For those who might still be concerned, a simple solution is to go into phone settings and turn off the permissions that allow the Facebook app to access the microphone. Note that this will make it impossible to record live videos with sound on Facebook, so you’ll need to turn it back on should you want to do so.Instructions on cutting the link:For iPhone users, go to Settings >> Privacy >> Microphone >> look for Facebook, then toggle off the setting that allows the Facebook app to access the microphone.For recent Android versions go to Settings >> Apps >> Facebook >> Permissions, then toggle off the setting that allows the Facebook app to access the microphone. ©2018 USA Today Distributed by Tribune Content Agency, LLC. What to do if Facebook says your info was used by Cambridge Analytica Explore further 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. read more

Rafale deal is the biggest defence scam ever Shourie Yashwant

first_imgRaise doubts over price of aircraft, Modi govt’s links to Reliance Defence Published on Activist-lawyer Prashant Bhushan with former Union ministers and BJP leaders Arun Shourie and Yashwant Sinha at a press conference in New Delhi on Wednesday SHARE defence Rafale allegations unsubstantiated, reprocessed lies: Jaitley SHARE SHARE EMAIL August 08, 2018center_img COMMENT politics COMMENTS Rafale affair: Reliance Defence rebuts charges RELATED Former Union ministers Yashwant Sinha and Arun Shourie on Wednesday teamed up with activist-lawyer Prashant Bhushan to assert that the Rafale fighter aircraft deal was the “biggest defence scam ever”, and accused the BJP-led Centre of “compromising national security”.The trio told a press conference here that the purchase of 36 Rafale jets from France is a “textbook case of criminal misconduct” by the government. Shourie said the deal was a “scandal much bigger than Bofors” and needs an urgent forensic audit to fix accountability. He said the secrecy clause in the agreement with France only binds India from revealing the technical specifications and operational capabilities of the aircraft, but does not restrain the government from disclosing the price.Quoting a February 16, 2017 press release by French manufacturer Dassault Aviation and Reliance Defence, and a financial press release statement of Dassault for 2016, Bhushan, Shourie and Sinha said the total price of 36 aircraft is about ₹60,000 crore, which works out to be ₹1,660 crore per plane.“This is more than double the price of the aircraft under the original 126 Medium Multi-Role Combat Aircraft (MMRCA) and almost ₹1,000 crore higher per aircraft than the price furnished by the government itself, to Parliament on November 18, 2016,” they said in a joint press statement.Shourie urged the opposition parties to raise the issue in the “same manner as the BJP had raised Bofors, which pales into insignificance when compared to the Rafale scandal”.Bhushan said the original Request for Proposal (RFP) was clearly aimed at equipping the Indian Air Force with 126 aircraft and getting the State-run Hindustan Aeronautics Limited (HAL) 70 per cent of the offset work. “But just days before the new deal was signed, two companies were incorporated…on April 10, 2015, the Prime Minister announced that India would be buying 36 Rafales in ‘fly-away’ condition.”Shourie added: “This announcement had four startling features: No one could make out what happened to the original RFP and the protracted negotiations in pursuance of that. Two, HAL was manifestly kicked out and with it the much-vaunted ‘Make in India’. Three, there was no mention now of transfer of technology. Four, the newly-minted Reliance Defence Ltd was going to be brought in to benefit from the billions of offsets that would arise from the Rafale purchase.”Bhushan said the biggest travesty of the scandal was that national security had been compromised. “The IAF required 126 aircraft. They would be getting 36 only by 2022. If this does not compromise national interest and security, what does?”last_img read more