Sunday, May 19, 2024
More
    Home Blog Page 1501

    Stocks Open Higher After Wednesday Selloff

    0

    U.S. stocks edged higher, putting Wall Street indexes on course to recoup some of Wednesday’s losses, while oil prices hovered near recent highs.

    The S&P 500 added 0.4% in early trading Thursday. The tech-focused Nasdaq Composite Index rose 0.5% and the Dow Jones Industrial Average gained 0.3%, about 100 points. U.S. stocks declined and oil prices jumped Wednesday. 

    In individual stocks, shares of

    Nikola

    soared 18% after the company confirmed that production has begun on its electric commercial truck, the Tre.

    Investors have grappled with how Russia’s war with Ukraine will put additional pressure on supply chains that are already disrupted from Covid-19. Oil prices, which remain above $100 a barrel, have added to concerns that consumers could see higher prices for energy and even products like plastic wrap or lawn fertilizer. Federal Reserve officials have penciled in a series of additional interest-rate increases to limit inflation this year.

    Brent-crude futures, the international benchmark, were 0.4% lower at $117.24 a barrel.

    “Through mid-February, it was all about rising rates, and then it was all about the war, and what’s concerning now is that they’ve combined,” said

    Daniel Morris,

    chief market strategist at BNP Paribas Asset Management. “The challenge in this environment is what do you buy. You can’t sit in cash. It is a ‘least-bad option’-type of market.”

    Traders worked on the floor of the New York Stock Exchange on Tuesday.



    Photo:

    BRENDAN MCDERMID/REUTERS

    Russia’s stock market jumped in its first limited trading session since the West unveiled punishing sanctions nearly a month ago. The benchmark MOEX index added around 4%. 

    The increase is unlikely to be interpreted as a sign that all is well with the Russian economy. Only 33 shares out of 50 shares on the index were allowed to trade. To prevent a steep selloff, Russia’s central bank banned short selling, and blocked foreigners, who make up a huge chunk of the market, from selling their shares. 

    The move will also help prevent the ruble from weakening, as foreign investors would likely sell their ruble-denominated shares and then move out of the ruble for the dollar or euro. Russia’s currency has trimmed some of its losses against the dollar in recent sessions, trading at 98 rubles to the dollar Thursday. 

    In bond markets, the yield on the benchmark 10-year Treasury note ticked up to 2.377% from 2.320% Wednesday. Yields and prices move inversely.

    Overseas, the pan-continental Stoxx Europe 600 was down 0.1%. Major indexes in Asia closed with mixed performance. China’s Shanghai Composite fell 0.6%, and Hong Kong’s Hang Seng declined 0.9%. Japan’s Nikkei 225 added almost 0.3%.

    New orders for durable goods—products designed to last at least three years—fell 2.2% in February from the month prior after auto production was again held back by supply chain bottlenecks and

    Boeing Co.

    had a relatively weak month for aircraft orders. 

    The number of Americans applying for first-time unemployment benefits fell to 187,000 in the week ended March 19, down from 215,000 in the week prior. 

    Write to Caitlin Ostroff at caitlin.ostroff@wsj.com

    Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    2022 March Madness predictions: College basketball expert picks, odds, lines for Sweet 16 games Thursday

    0

    Time for a confession off the top here before we get to Sweet 16 picks: March Madness has not been my month. The good news is that our expert picks — back in action today ahead of Thursday’s Sweet 16 fun! — features more than just your’s truly. Gary Parrish, Matt Norlander and Chip Patterson are all riding heaters into this second wave of tourney action, and David Cobb’s had a nice little run, too.

    So if you want to tail their picks instead, I completely understand. Or if you really want to earn a bag, it seems fading me might be the real move. That choice is yours as you check out our picks below.

    Either way, to get you prepped for the first day of the second week of the tournament, I’ve again convened our experts to make picks straight up and against the spread to help you pick your bracket (and hopefully make some cheddar along the way). You can also check our expert brackets or our reset brackets for the third round.

    Be sure to stick with CBS Sports throughout the rest of the month for NCAA Tournament coverage through the end of the Final Four. Let’s take a look at our expert picks for the final slate of third-round games on Thursday.

    Odds via Caesars Sportsbook | All times Eastern

    NCAA Tournament: Sweet 16 picks

    (1) Gonzaga vs. (4) Arkansas

    Thursday, 7:09 p.m. | CBS, March Madness Live: Gonzaga has not covered the spread in four of its last five games, including both of its NCAA Tournament matches. Arkansas, however, has covered the spread in 20 of its 35 games this season and is 4-1-0 ATS as an underdog, according to TeamRankings.com. The 8.5-point line feels like a reasonable number to clear for a Razorbacks team that can win a shootout or slugfest and has the personnel to match up favorably with the Zags. Pick: Arkansas +9

    Spread

    ARK +9

    ARK +9 ARK +9 ARK +9 ARK +9 ARK +9

    Straight up

    ZAGS

    ZAGS ZAGS ZAGS ZAGS ZAGS

    (2) Villanova vs. (11) Michigan)

    Thursday, 7:29 p.m. | TBS, March Madness Live: Villanova right now looks like the strongest remaining No. 2 seed left in the bracket. That’s not saying too much — two of the four such seeds are already home and the other, Duke, has looked vulnerable — but it counts for something. This Jay Wright-coached Wildcats team is old, experienced and playing really well. Their advantage in the backcourt should trump their disadvantage in the frontcourt by a wide-enough margin to cover the spread. Pick: Villanova -5

    Spread

    NOVA -5

    MIA +5 MIA +5 NOVA -5 MIA +5 NOVA -5

    Straight up

    NOVA

    NOVA NOVA NOVA NOVA NOVA

    (2) Duke vs. (3) Texas Tech

    Thursday, 9:39 p.m. | CBS, March Madness Live: What feels like an underdog play isn’t so in the eyes of oddsmakers. Texas Tech, the No. 3 seed, is giving 1.5 points to Duke, the No. 2 seed, in this West Region matchup. And I’m laying it with the Red Raiders. Their defense is ferocious, and the matchup overall for Duke is a nightmare for which to prepare even with several days of time. Pick: Texas Tech -1.5

    Spread

    DUKE +1.5

    DUKE +1.5 TTU -1.5 TTU -1.5 TTU -1.5 TTU -1.5

    Straight up

    DUKE

    DUKE TTU TTU TTU TTU

    (1) Arizona vs. (5) Houston

    Thursday, 9:59 p.m. | TBS, March Madness Live: Arizona had to go to overtime to take care of TCU in the second round, and it really struggled with the way the Horned Frogs crashed the offensive boards. That’s especially concerning against a Houston team that ranks as the third best offensive rebounding team in all of college hoops. But it’s an area in which I suspect Tommy Lloyd and his Wildcats staff will be prepared to battle ahead of Thursday. If it boils down to talent as I suspect, I like Zona giving the points. Pick: Arizona -2

    Spread

    ARIZ -2

    ARIZ -2 ARIZ -2 ARIZ -2 ARIZ -2 HOU +2

    Straight up

    ARIZ

    ARIZ ARIZ ARIZ ARIZ HOU

    Who will win every college basketball game, and which teams will sink your bankroll? Visit SportsLine now to see how to pick the spread, money, line, and over-under in each tournament game, all from the model that’s up almost $1,500 on top-rated college basketball picks and simulates every possession 10,000 times.

    Brain Implant Enables Completely ‘Locked-In’ Man to Communicate Again

    0

    A pair of brain microchips could one day allow those in ‘pseudocomas‘ to communicate whatever they want, a new breakthrough suggests.

    In a first, a 34-year-old patient who lacked even the most subtle of muscle twitches has used the technology to share a few precious words with his family, using little more than an intent to move his eyes.

     

    Similar devices have previously given patients with the fast-progressing condition amyotrophic lateral sclerosis (ALS) the means to send simple messages with extremely limited movements, but researchers say the severity of the man’s condition here represents a significant advancement for the technology. 

    “To our knowledge, ours is the first study to achieve communication by someone who has no remaining voluntary movement and hence for whom the BCI is now the sole means of communication,” says neuroscientist Jonas Zimmermann from the Wyss Center in Switzerland.

    A pseudocoma is also known as ‘locked-in’ syndrome, because while these patients cannot walk or talk, they are still very much conscious, capable of seeing, hearing, tasting, smelling, thinking, and feeling.

    Without the ability to move the mouth or the tongue, however, communication is severely limited. If the eyes can still move, patients can sometimes blink or ‘point’ with their pupils to make themselves understood, but in some advanced cases, even that basic form of communication is out of reach.

    The man in this case was one such patient. Within months of diagnosis with the condition, he had already lost the ability to walk and talk. A year later, the patient was placed on a ventilator to help him breathe. A year after that, he lost the ability to fix his gaze.

     

    The extreme isolation ultimately led the patient and his family to agree to a cutting-edge experiment.

    Before the patient lost the ability to move his eyes, he consented to a surgical procedure that would implant two microchips into the part of his brain that controls muscle movement.

    Each chip was equipped with 64 needle-like electrodes, which could pick up on his conscious attempts to move. That brain activity was then sent to a computer, which translated the impulses into a ‘yes’ or ‘no’ signal.

    In the past, similar brain implants have allowed some patients with ALS to communicate via a computer typing program. But this is the first time an ALS patient without the ability to so much as use their eyes has been able to do something similar. 

    “People have really doubted whether this was even feasible,” Mariska Vansteensel, a brain-computer interface researcher who was not involved in the study, told Science.

    (Chaudhary et al., Nature Communications, 2022)

    Above: The experimental setup of the brain implants, plus the biofeedback device and the spelling program.

    The technique took months of training, but once the patient learned how to control the firing rates of his brain signals, he was able to respond to a spelling program and select specific letters, spoken out loud by the program, to form words and even sentences.

     

    Each letter the patient heard took about a minute for the patient to respond to, making for slow progress, but nonetheless, for the first time in a long time, the device allowed this man to express himself.

    The accuracy of the technology is still not perfect. The patient could only signal ‘yes’ or ‘no’ about 80 percent of the time, with about 80 percent accuracy. Some days he could only generate words, not sentences.

    “These apparent poor performances are primarily due to the completely auditory nature of these systems, which are intrinsically slower than a system based on visual feedback,” the authors write in their study.

    The first phrase the ALS patient successfully spelled out was a ‘thank you’ to the lead neurobiologist on his case, Niels Birbaumer.

    Then, came a slew of requests for his care, like “Mom head massage” and “I would like to listen to the album by Tool [a band] loud”. 

    Then, 247 days after the surgical procedure, the patient gave his verdict on the device: “Boys, it works so effortlessly”. 

    On day 251 he sent a message to his kid: “I love my cool son”. He then asked his child to watch a Disney film with him. 

     

    On day 462, the patient expressed that his “biggest wish is a new bed”, and that the next day he could go with his loved ones to a barbecue.

    “If someone is forming sentences like this, I would say it is positive. Even if it is not positive, it is not negative,” first author of the study Ujwal Chaudhary told The Guardian.

    “One time when I was there, he said, ‘Thank you for everything, sister’ [to his sister, who helps care for him]. It was an emotional moment.”

    The ability for someone in a pseudocoma to communicate obviously comes with a whole slew of ethical considerations.

    After all, who condones the initial insertion? And once a person has learned to communicate again, can they speak for themselves and the future of their care? How accurate do these systems need to be before we can adequately interpret what patients are telling us?

    We don’t have rules or outlines for this type of technology quite yet, but if the device turns out to be useful for other patients, we will need to start confronting these quandaries.

    Giving advanced ALS patients their voices back could be a huge medical breakthrough and a great relief for individuals and their families. How we respond to those voices is up to us.

    The study was published in Nature Communications.

     

    Biden, Western allies gather at tense moment in Ukraine war

    0

    BRUSSELS (AP) — As the war in Ukraine grinds into a second month, U.S. President Joe Biden and Western allies are gathering to chart a path to ramp up pressure on Russian President Vladimir Putin while tending to the economic and security fallout that’s spreading across Europe and the world.

    Over the course of Thursday, the European diplomatic capital is hosting an emergency NATO summit as well as a gathering of the Group of Seven industrialized nations and a summit of the 27 members of the European Union. Biden will attend all three meetings and plans to hold a news conference at the end of the day.

    Biden arrived here late Wednesday with the hopes of nudging allies to enact new sanctions on Russia, which has already seen its economy crippled by a steady stream of bans, boycotts and penalties over the past four weeks.

    While the West has been largely unified in confronting Russia after it invaded Ukraine, there’s wide acknowledgement that unity will be tested as the costs of war chip at the global economy.

    The bolstering of forces along NATO’s eastern flank, almost certainly for at least the next 5-10 years if Russia is to be effectively dissuaded, will also put pressure on national budgets.

    “We need to do more, and therefore we need to invest more. There is a new sense of urgency and I expect that the leaders will agree to accelerate the investments in defense,” said NATO Secretary-General Jens Stoltenberg before chairing the security alliance’s summit.

    En route to Brussels aboard Air Force One, Biden’s national security adviser, Jake Sullivan, told reporters that “what we would like to hear is that the resolve and unity that we’ve seen for the past month will endure for as long as it takes.”

    The energy crisis exacerbated by the war will be a particularly hot topic at the European Council summit, where leaders from Spain, Portugal, Italy and Greece are hoping for an urgent, coordinated bloc-wide response. EU officials have said they will seek U.S. help on a plan to top up natural gas storage facilities for next winter, and they also want the bloc to jointly purchase gas.

    German Chancellor Olaf Scholz has dismissed calls to boycott Russian energy supplies, saying it would cause significant damage to his country’s economy. Scholz is facing pressure from environmental activists to quickly wean Germany off Russian energy, but he said the process will have to be gradual.

    “To do so from one day to the next would mean plunging our country and all of Europe into recession,” Scholz said Wednesday.

    Poland and other eastern flank NATO countries will also be looking for clarity on how the United States and fellow European nations can assist in dealing with their growing concerns about Russian aggression as well as a spiraling refugee crisis. More than 3.5 million refugees have fled Ukraine in recent weeks, including more than 2 million to Poland.

    Biden is scheduled to travel to Poland on Friday, where both issues are expected to be at the center of talks with President Andrzej Duda. Another significant moment could come shortly before Biden returns to Washington on Saturday. The White House said he plans to “deliver remarks on the united efforts of the free world to support the people of Ukraine, hold Russia accountable for its brutal war, and defend a future that is rooted in democratic principles.”

    Sullivan said that Biden and fellow leaders would aim to “set out a longer-term game plan” for what forces and capabilities are going to be required for the alliance’s eastern flank countries.

    Four new NATO battlegroups, which usually number between 1,000-1,500 troops, are being set up in Hungary, Slovakia, Romania and Bulgaria.

    Ukrainian President Volodymyr Zelenskyy, who is expected to address the NATO summit by video, said late Wednesday that he wants the alliance to “declare that it will fully assist Ukraine to win this war” by supplying any weapons necessary.

    All the while, national security officials from Washington to Warsaw are increasingly worried that Putin might deploy chemical, biological or even nuclear weaponry. Sullivan said the allies would consult on how to respond to “potential contingencies” of that sort, including “this whole question of the potential use of nuclear weapons.”

    Biden, before departing for Brussels on Wednesday, told reporters that he believed the possibility of Russia deploying chemical weapons was a “real threat.”

    Stoltenberg would not be drawn Thursday on whether such a strike is a red line that would draw the alliance into war with Russia. “I will not speculate beyond the fact that NATO is always ready to defend, to protect and to react to any type of attack on a NATO allied country,” he said.

    Kremlin spokesman Dmitry Peskov in a CNN interview this week said that Russia could consider using its nuclear weapons if it felt there was “an existential threat for our country.”

    The head of the European Union’s executive arm said she wanted to discuss with Biden the possibility of securing extra deliveries of liquefied natural gas from the United States for the 27-nation bloc.

    Speaking at the European Parliament ahead of Biden’s visit, Ursula von der Leyen said the EU was seeking a a commitment for additional LNG supplies from the U.S. “for the next two winters.”

    The EU imports 90% of the natural gas used to generate electricity, heat homes and supply industry, with Russia supplying almost 40% of EU gas and a quarter of its oil. The bloc is looking at ways to reduce its dependence on Russian gas by diversifying suppliers.

    Sullivan said the United States was looking for ways to “surge” LNG supplies to Europe to help make up for supply disruptions.

    Biden, for his part, was expected to detail plans for new sanctions against Russia and humanitarian assistance for the region.

    One new sanctions option that Biden is weighing is to target members of the Russian State Duma, the lower house of parliament, according to a U.S. official who spoke on the condition of anonymity to discuss private deliberations. The official added that a final decision hadn’t been made and that the new sanctions would be rolled out in coordination with Western allies.

    Biden arrived in Brussels with Americans increasingly accepting of the need for the U.S. to play a role in stopping in Putin, according to a poll from The Associated Press-NORC Center for Public Affairs Research.

    But even as concern among Americans has swelled and and support for a major U.S. role in the conflict strengthened in the last month, Biden’s negative approval rating has not budged, the AP-NORC poll found. Few are very confident that he can handle a crisis, and a majority thinks he lacks toughness in dealing with Russia.

    Biden promised voters that he had the experience to navigate a complicated international emergency like the one unfolding in Europe now, and his trip will be the latest test of that proposition as he tries to maintain unity among Western allies and brace for potentially even bigger challenges.

    At a time when it is essential to avoid fissures in what’s been a largely unified Western response to Russia, the U.S. president will look to press important allies like Poland to dial back the idea of deploying a Western peacekeeping mission to Ukraine. It’s an idea that the U.S. and some other NATO members see as too risky as they seek to deny Russia any pretext to broaden the war beyond Ukraine’s borders.

    For his domestic audience, Biden is expected to once again underscore the heroics of the Ukrainian military and volunteers who have managed to hold off an imposing Russian military. He will highlight those remarkable efforts — as well as the generosity of the Poles and other allies at the front lines of the humanitarian crisis — as he redoubles his calls for Americans to stand firm against a Russian war that is spurring gas price hikes and adding to inflationary pressures in the U.S.

    ___

    Madhani reported from Washington. Associated Press writers Matthew Lee, Hannah Fingerhut and Darlene Superville in Washington and Samuel Petrequin in Brussels contributed to this report.

    Three new Samsung Galaxy foldables coming this year?!

    0

    Last updated: March 24th, 2022 at 06:58 UTC+01:00

    Samsung has shelved the Galaxy Note series, and chances of it making a comeback later this year are slim-to-none. But Samsung might still surprise us at the next major Unpacked event and unveil not two but three new foldable device models — our friends at GalaxyClub have theorized based on new bits of information.

    New signs indicate that the market’s best foldable phone manufacturer — Samsung — is developing two new foldable devices for release later this year, codenamed “B4” and “Q4,” and a third, possibly-foldable device known as the “N4.”

    We can assume that the “B4” codename represents the Galaxy Z Flip 4. The Flip 3 was known as “Bloom.” Meanwhile, “Q4” is likely linked to the Galaxy Z Fold 4, given that the Fold 3 had the “Q3” designation. Which leaves us with the mysterious “N4.”

    What kind of device is the N4?

    So, here’s the thing. We don’t have enough information to be sure about what type of device this mysterious “N4” device might become. It could be a pair of earbuds, for all we know, or a brand-new foldable device. However, our friends seem to be leaning more towards the latter theory, in that Samsung might release a brand-new third foldable device later this year.

    However, nothing is certain at this point, other than the fact that Samsung is developing N4 alongside B4 and Q4. Nevertheless, the idea that a third foldable design could grace Samsung’s lineup eventually isn’t far-fetched. The company has been experimenting and showcasing all sorts of foldable and rollable device prototypes.

    Samsung has secured countless patents pertaining to unusual foldable device designs, and it also revealed its vision of one possible future for foldable screens last year. The company is considering using foldable display tech for rollable devices, i.e., the “Rollable Flex,” and has also conceptualized a foldable notebook dubbed the “Flex Note.”

    But whether or not the mysterious “N4” codename is linked with either one of those earlier concepts shown last year remains to be seen. We’ll keep our ears to the ground and let you know as soon as we find out more.

    Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

    Jamaica PM tells British royals island nation wants to be independent

    0

    KINGSTON, March 23 (Reuters) – Jamaican Prime Minister Andrew Holness told Britain’s Prince William and his wife Kate on Wednesday his country wants to be “independent” and address “unresolved” issues, a day after protesters called on the United Kingdom to pay reparations for slavery.

    The royal couple arrived in Jamaica on Tuesday as part of a week-long tour of former British Caribbean colonies, but have faced public questioning of the British Empire’s legacy.

    In a speech later on Wednesday, Prince William did not address calls to remove his grandmother, Queen Elizabeth, as head of state.

    Register now for FREE unlimited access to Reuters.com

    The royal couple’s trip comes after Barbados became a republic nearly four months ago by removing the queen as the sovereign head of state, a move Jamaica has begun to study.

    “There are issues here which as you would know are unresolved,” Holness said during a photo shoot with William and Kate.

    “But Jamaica is as you would see a country that is very proud… and we’re moving on. And we intend… to fulfill our true ambition of being an independent, fully developed and prosperous country.”

    Dozens of people gathered on Tuesday outside the British High Commission in Kingston, singing traditional Rastafarian songs and holding banners with the phrase “seh yuh sorry” – a local patois phrase that urged Britain to apologise. L2N2VP2CB

    In a speech at the governor general’s residence attended by Holness and other dignitaries, William also stopped short of apologising for slavery, though he did say he agreed with his father’s declaration that “the appalling atrocity of slavery forever stains our history”.

    William, second-in-line to the British throne, also expressed his “profound sorrow” for the institution of slavery, which he said should never have existed.

    Jamaican officials have previously said the government is studying the process of reforming the constitution to become a republic. Experts say the process could take years and would require a referendum.

    Jamaica’s government said last year it will ask Britain for compensation for forcibly transporting an estimated 600,000 Africans to work on sugarcane and banana plantations that created fortunes for British slave holders.

    Register now for FREE unlimited access to Reuters.com

    Reporting by Kate Chappell in Kingston and Brian Ellsworth in Miami; Editing by Bill Berkrot and Muralikumar Anantharaman

    Our Standards: The Thomson Reuters Trust Principles.

    A dinosaur bigger than T. rex swam and hunted its prey underwater

    0
    However, whether some dinosaurs were truly at ease in the water or just stood in the shallows and dipped their heads in to pursue prey as a heron would has divided paleontologists.

    In an attempt to resolve this heated debate, a group of researchers has studied 380 bones belonging to 250 animals — some living and others extinct — including marine reptiles and flying reptiles, as well as mammals, lizards, crocodiles and birds.

    “There are certain laws that are applicable to any organism on this planet. One of these laws regards density and the capability of submerging into water,” said Matteo Fabbri, a postdoctoral researcher at the Field Museum in Chicago, in a news release. He was the lead author of the study that published Wednesday in the journal Nature.

    Bone density can be used as evidence for adaptation to life in water, the study said, as even aquatic animals that are not clearly shaped for an aquatic lifestyle — such as the hippopotamus — have very dense bones.

    The researchers found that spinosaurids — a family of predatory dinosaurs that can be up to 15 meters (49 feet) in length (larger than a T. rex) — had dense bones, suggesting they were adapted to life in the water. None of the other 39 dinosaurs the research team investigated as part of the study were likely at ease in water, they said.

    Spinosaurids’ relationship with water

    Within the spinosaurid family, they concluded that Spinosaurus, which has a distinctive sail-like feature on its spine, and its close relative Baryonyx had increased bone density and would have been able to swim and hunt while submerged underwater — a bit like a crocodile or hippo. Suchomimus, another related dinosaur, had lighter bones that would have made swimming more difficult. It likely lived by water and ate fish, as evidenced by its crocodile-like snout and conical teeth, but based on its bone density, it wasn’t actually swimming, the study found.

    Thomas Holtz, a principal lecturer in vertebrate paleontology at the University of Maryland, said the study confirmed that the ancestors of Spinosaurus and Baryonyx spent enough time in water to evolve ballast, to provide stability, in the form of dense bones. However, he said his work on Spinosaurus showed it most likely struck at food from above — perhaps from shore, or while cruising lazily on the water’s surface — not from diving in the depths.

    “The nostrils of Spinosaurus is not at all placed like it is in animals like hippos and crocs, which spend much of their time submerged; instead, it is placed back on the skull as it is in herons and other animals which feed by dipping their snout in the water to feed,” said Holz, who wasn’t involved in the study.

    “The new evidence is consistent with it being able to submerge, at least sometime(s). But as we showed in a paper last year, it couldn’t have been a really fast swimmer with that large sail, at least not in shallow water.”

    Jason Poole, an adjunct professor at Drexel University and the Bighorn Basin Paleontological Institute’s director of fossil preparation, said he would have liked to see more specimens related to Spinosaurus included in the study.

    “Oddball dinosaurs tend to offer insight into the extremes of dinosaur evolution. The more specimens the better to understand how they got to be so odd,” said Poole, who wasn’t involved in the research.

    “I think this study is a good one to keep the ball rolling but more work is always needed to get a better picture of the life of something so strange and far removed in time.”

    The researchers looked at the bone density of extinct and living animals.

    Big data

    The researchers, including scientists from the United States, Europe and Morocco, first compiled a database of sections of thigh bones and rib bones from a variety of animals to understand whether there was a universal correlation between bone density and behavior.

    They cast a wide net. “We included seals, whales, elephants, mice, hummingbirds. We have dinosaurs of different sizes, extinct marine reptiles like mosasaurs and plesiosaurs. We have animals that weigh several tons, and animals that are just a few grams. The spread is very big,” Fabbri said.

    They found that animals that submerge themselves underwater to find food have bones that are almost completely solid throughout, whereas cross sections of land-dwellers’ bones look more like donuts, with hollow centers.

    They did find that other dinosaurs, such as the towering plant-eating sauropods, also had dense leg bones, but other bones were lightweight. Fabbri said this was a pattern also seen in very heavy living land animals like elephants and rhinos.

    An illustration of Baryonyx walkeri, a spinosaurid from the United Kingdom, hunting and feeding.

    The research is an example of a big data approach to paleontology that has yielded intriguing insights into how dinosaurs experienced their world — something that is often hard to ascertain from studying fossils of individual animals.

    Such studies, according to Jingmai O’Connor, a curator at the Field Museum and co-author of the bone density study, that draw from hundreds of specimens, are “the future of paleontology.”

    “They’re very time-consuming to do, but they let scientists shed light onto big patterns, rather than making qualitative observations based on one fossil.”

    A study published last year examined and reconstructed the inner ears of ancient fossilized beasts and compared them with the ear canals of living animals. The researchers were able to deduce from that exercise whether the creatures would have been nocturnal hunters, attentive parents or clumsy fliers.

    However, this kind of research does have limitations, since one individual feature cannot give a complete picture about the lifestyle of an animal, Holz said.

    “Each piece of evidence adds to the total picture. In this particular case, they have provided a great new database of bone density in a wide variety of animals of different life habits. So in the future we can now compare other animals with lifestyles which are not well understood,” Holz said.

    Ai Weiwei’s Turandot — artist’s opera debut places politics over Puccini

    0

    Ai Weiwei will seemingly turn his hand to any medium. The artist and activist has explored some of his preoccupations — forced displacement, autocratic power, popular uprising — with enormous sculptures, porcelain plates and documentaries in recent years. Now he has embraced arguably the most complex art form of them all. Ai’s new production of Turandot at the Teatro dell’Opera di Roma, postponed from two years ago because of the pandemic, is his first foray into opera; as he has repeatedly said in interviews, it will also be his last.

    Ai transforms Puccini’s tale of love’s victory over brutality into a rallying cry for the world’s oppressed. The line-up of musicians inadvertently underlined the timeliness of this vision. Ukrainian conductor Oksana Lyniv has conducted written a defiant open letter to Vladimir Putin and taken to conducting with a sash in the colours of the Ukrainian flag wrapped around her waist. In the Rome production, she is joined by her compatriot Oksana Dyka in the title role.

    But Ai’s bizarre, unfocused staging offers few meaningful insights. This sprawling multimedia production — for which the artist has provided the scenery, costumes and videos — is saturated with references to his best-known installations, with bomb-shaped headpieces, graphics of surveillance cameras and projected documentary footage depicting the Wuhan lockdown, Hong Kong protests and Rohingya refugees. Confusingly, Ai mixes lavish gowns, dragon-dancing and other picture-postcard depictions of traditional China with futuristic, bug-inspired garments. An inexplicable large frog clings on to Calaf’s back for much of the first act.

    Oksana Dyka is in the title role

    There are rare flashes of poignancy: video images of the Hong Kong protests accompanying the baying crowds of the first act powerfully evoke a sense of struggle; moving footage from a refugee camp is shown when Liù sings the words “Noi morrem sulla strada dell’esilio!” (“We will die on the road to exile!”). Other allusions feel tenuous and forced, not least when the projected faces of Chelsea Manning and Edward Snowden turn “Nessun dorma” into a generalised paean to a sleepless struggle against oppression.

    If the central drama feels neglected, it does not help that Lyniv’s coarse reading of the score fails to breathe life into the characters. Playing is generally loud and lacking in nuance, and passages of potentially transportative exoticism are devoid of magic. Ai has cut the final love scene that Franco Alfano wrote after Puccini died, meaning this staging ends with Liù’s death rather than the usual redemption. Given the wooden performances on the opening night, this curtailment was not unwelcome.

    Michael Fabiano’s full-throated Calaf is vocally impressive but one-dimensional while Dyka’s piercing Turandot has little chance to develop the character, given the cut. Francesca Dotto offered profound moments as Liù, but the spirited Ping, Pang and Pong (Alessio Verna, Enrico Iviglia and Pietro Picone) failed to cut through the overloaded staging. This production contains enough content to rival Ai’s new retrospective exhibition in Vienna. The problem is that there is little room for Puccini.

    ★★☆☆☆

    To March 31, operaroma.it

    EXCLUSIVE Clients plead with top custodian banks to stay in Russia

    0
    • Banks face mounting pressure to commit to custody roles
    • Banks say they will meet existing client obligations
    • Some clients afraid exits will follow as costs soar

    LONDON/NEW YORK, March 23 (Reuters) – Global banks including Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Societe Generale (SOGN.PA) face pressure to commit to remaining as custodian banks in Russia, as rivals and funds fret they may lose services critical to future investment in the country.

    Traders, bankers and executives from three other financial institutions told Reuters they were seeking or had sought reassurances on behalf of clients on each bank’s long-term plans for these businesses, which clear, settle and safeguard billions of dollars of Russian holdings.

    Custodian banks have departments that look after assets for clients in return for fees.

    Register now for FREE unlimited access to Reuters.com

    One London-based banking source, speaking anonymously to respect confidentiality of their large global fund client, said they were in weekly contact with senior executives at Citibank Moscow on the status of their custodian business.

    The source said their client was waiting to trade Russian equities when the Moscow Exchange (MOEX) reopens, but they needed the reassurance of having a Western custodian in place.

    According to the source, the Citigroup executives said they would serve clients for as long as sanctions permitted.

    A source with knowledge of Citi said that major U.S. and international businesses in Moscow use that bank and cutting those customers off would damage client relations. Other bankers said it is crucial to the industry that Citi, a key player, keep operating in Moscow.

    Citigroup declined to comment.

    A second banker, based in New York, said he had sought assurances from SocGen that they would “stay on the ground” so that his bank could meet custody obligations to clients. Executives at SocGen provided assurances that they would, at least in the near term, the source said.

    Citigroup and SocGen, the French parent of Rosbank (ROSB.MM), have already announced plans to dramatically pare operations in Moscow as part of a sweeping programme of Western sanctions aimed at isolating Russia economically following its invasion of Ukraine. read more

    Both banks have said they will aid their clients with the complex tasks of unwinding or reducing exposures to Russia, and said withdrawals will take time to execute.

    But neither has made a public statement on the long-term status of their custodian services, leaving some clients nervous for the future.

    In an emailed statement, a spokeswoman for SocGen said the group was “conducting its business in Russia with the utmost caution and selectivity, while supporting its historical clients.”

    SocGen “is rigorously complying with all applicable laws and regulations and is diligently implementing the necessary measures to strictly enforce international sanctions as soon as they are made public.”

    The bank declined to comment specifically on its custody business in Russia.

    JPMorgan Chase & Co (JPM.N) also provides similar custody services from its Moscow outpost. The bank has received queries from clients seeking assurances that custody services will continue to be provided, according to a source familiar with the matter. It has previously said it will continue acting as a custodian to its clients.

    Bank of New York Mellon Corp (BK.N) has also said it will continue to provide custodian services in Russia.

    SHUT OUT

    If banks decide to mothball their custody services in Moscow, many Western investors already holding Russian stocks or bonds would have to look elsewhere for a bank to hold those assets, while others keen to exploit a financial market or economic rally when sanctions are lifted could find it harder to pursue those plans.

    SocGen, France’s third-largest bank, warned stakeholders on March 3 that it could be stripped of its property rights to its business in Russia in a “potential extreme scenario.” read more

    Citi, meanwhile, originally said it would operate its Russian business on a more “limited basis” in the wake of the war, which President Vladimir Putin has called “a special military operation.”

    But by March 14, it said it would accelerate and expand the scope of that retreat by giving up its institutional and wealth management clients in Russia. read more

    Besides transaction services, many of the Moscow-based custody teams are providing add-ons like language translation of central bank documents that are also highly valued by Western clients, the source said.

    Russia’s central bank said separately on Wednesday that some stock market trading would resume on Thursday, with 33 securities set to be traded on the Moscow Exchange for a limited period of time and with short selling banned. read more

    The challenge for banks in meeting obligations to clients in Russia is getting tougher, and might become even more daunting if sanctions are tightened, with the one-month anniversary of the invasion falling this week.

    Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate. read more

    Another New York-based banker described the business of ensuring clients are in compliance with sanctions in relation to securities holdings as a “logistical nightmare” and said his firm had hired 20 new compliance staff in recent weeks.

    Global companies, banks and investors have so far disclosed nearly $135 billion in exposure to Russia, company statements show. read more

    U.S. asset managers including Vanguard and Capital Group Companies Inc, which manages the American Funds franchise popular among millions of mom and pop retirement savers, have also disclosed large exposures topping billions of dollars, according to the most recent portfolio information available. read more

    Register now for FREE unlimited access to Reuters.com

    Reporting by Sinead Cruise in London, and Matt Scuffham and Megan Davies in New York
    Additional reporting by Paritosh Bansal in New York
    Editing by Matthew Lewis

    Our Standards: The Thomson Reuters Trust Principles.

    Head and data in the clouds | Lifestyle

    0

    I have a long history of issues with my cloud. The main problem being that I can’t wrap my head around it. Some people can’t get their heads out of the clouds — I can’t get mine in.

    I suffer from the trap of the literal mind. I have to picture things. And not just food or sitting on a shoreline.

    Once every week or so my phone tells me it failed to back up because there is not enough cloud storage. Then it prompts me to buy a bigger, better cloud. Why would I buy more of something that I can’t comprehend now?

    They want me to buy something I can’t see. What next? A bridge in Jersey? Hey, I wasn’t born yesterday.

    Seeing is believing.

    If I looked up at the sky and saw a cloud floating by with my name on it, or even just my initials on it, I’d be good. I wouldn’t even care if it were a cirrus, cumulus, stratus or nimbus — though one of those huge anvil clouds would be cool.

    It would also be nice to see whose cloud is next to my cloud and if there is any cloud aggression going on. That way I could yell, “Hey! You! Get off of my cloud!” The Rolling Stones were in cyberspace before cyberspace was cool.

    It’s the metaphor that is the problem. Yes, I understand that my calendar, documents, photos, emails and many things are in a cloud, but a cloud is … puffy. A cloud can evaporate and dissolve into nothingness. Why would I want to store my life in something wispy? A vault or a safe room, maybe; a cloud, no.

    I would do better if the message on my phone said, “Your reinforced steel file cabinet in the sky is full and you need a bigger one, so pay up.”

    Work stored in a file cabinet is easy to imagine. A file cabinet is tangible, it holds things, lots of things, and you can even lock it.

    For example, I know where all my tax records are. I know where my supporting receipts and invoices are. They’re upstairs in a two-drawer file cabinet where both drawers are jammed full and completely inaccessible courtesy of a shoe rack.

    I may not be able to open the file cabinet, but I know where the file cabinet is. And that’s why the cloud wins. I may not know where my cloud is, but I can access its contents, which I understand are stored on a giant server called a Lexus. Or a Linux. Again, a Lexus I can picture, a Linux I cannot.

    I’d be happy with an arrow on a map of the sky marking the Lexus holding my large file cabinet that says, “You are here.”

    That I can visualize.

    Lori Borgman is a columnist, author and speaker. Her new book, “What Happens at Grandma’s Stays at Grandma’s” is now available. Email her at lori@loriborgman.com.

    As an Amazon Associate I earn from qualifying purchases.