Financial Markets and Economy
BlackRock Portfolio Manager: Russia Has Became One of the Most Remarkable Stories in Emerging Markets (Bloomberg)
Quite a change from one year ago.
Dollar holds tight against rivals as traders watch for next economic clues (Market Watch)
The dollar remained trapped in a tight range against the yen and the euro in quiet Asia trade Tuesday, with investors unwilling to take strong positions amid a lack of fresh trading incentives.
U.S. Futures Fall After Worst Stock Drop in 6 Weeks; Gap Slides (Bloomberg)
U.S. stock-index futures fell as investors weighed the extent of the rally in equities and the possibility of higher interest rates in December.
Oil will not reach $80 per barrel until 2020 (Business Insider)
Oil prices are over 50% lower than they were last summer – and it's going to stay that way until the end of the decade.
Fatih Birol, the executive director of the International Energy Agency told the Financial Times that a perfect storm will keep prices low until 2020 – low demand and bountiful supply.
The price of crude oil is around $44 per barrel. Last summer, it was around $115 per barrel. The IEA predicts that oil prices will not rise to $80 per barrel for at least four years.
Ackman’s Enigmatic Investment Philosophy (NY Times)
William A. Ackman, the activist investor, has described his billion-dollar bet and continuing crusade against the nutritional supplements company Herbalife as a “moral obligation.” In at least one presentation, he nearly cried onstage and said that if his Herbalife trade was successful, he would give the profits to charity because he would consider them “blood money.”
Charting the Markets: It's the China and Fed Show Again (Bloomberg)
Global stocks fall for a fifth day, nickel heads for lowest close since 2008 and Vodafone shares gain.
How to pick stocks that will outperform for the next 20 years (Market Watch)
Is it possible for investors to pick winning stocks on their own?
The investment-advisory and money-management industry says you can’t — it’s too complicated. But an adviser or manager could do it for you, of course.
Asian markets pull back after China inflation data (Market Watch)
Japan shares rose to a fresh 2½ month high, while most Asian markets weakened amid sharpening worries about global growth.
Hong Kong’s Hang Seng Index HSI, -1.43% fell 1.3%, South Korea’s KospiSEU, -1.44% was down 1.4%, and Australia’s S&P ASX 200 XJO, -0.40% was off 0.4%.
Japan's Investors Bought Most Treasuries Since 2010 in September (Bloomberg)
Japanese investors snapped up Treasuries in September at the fastest pace in five years as the Federal Reserve decided against tightening policy, which would have been the first interest-rate increase since 2006.
IndiGo makes a big bang market debut to become Asia’s third largest low-cost airline (Quartz)
InterGlobe Aviation, which owns India’s most successful budget carrier IndiGo, made its debut on the markets today (Nov. 10)—and its shares are flying.
The company has now touched a market capitalisation—the value of a company based on its stock price—of almost $5 billion (Rs31,936.6 crore), which, according to Bloomberg,makes IndiGo the third largest low-cost airline in Asia.
GE, Alstom land $5.6 billion deals to supply Indian railway (Business Insider)
General Electric <GE.N> and Alstom <ALSO.PA> have won contracts worth a combined $5.6 billion to supply India's railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise.
European stocks veer lower with miners hurt after China data (Market Watch)
European stocks swung lower Tuesday, with mining shares feeling the weight after another round of disappointing data from China.
Stocks drift lower after gloomy forecast for world economy (Yahoo! Finance)
World stock markets drifted lower Tuesday after a pessimistic forecast for the world economy added to jitters that stem from the Federal Reserve's rate hike plans.
KEEPING SCORE: Germany's DAX was down 0.2 percent at 10,798.78 and France's CAC 40 shed 0.1 percent to 4,905.89. Britain's FTSE 100 dropped 0.2 percent to 6,281.20. Futures pointed to a flat start on Wall Street. Dow and S&P 500 futures were both little changed.
Tesla suddenly has a target on its back (Business Insider)
When automotive and tech media caught wind of a mysterious new rival entering the electric-vehicle space, people were understandably puzzled.
Faraday Future, a new electric-car startup, seemed to have creeped up out of nowhere.
It opened a headquarters in a southern California suburb — far away from major automakers that have congregated their electric-car research and development hubs in Silicon Valley.
Your best offense is a good defense industry stock (Market Watch)
Last week, the Internet was captivated by the much-publicized “runaway blimp” incident.
The news was humorous to some taxpayers — until they learned it was part of a $2.7 billion threat-detection effort that the U.S. Department of Defense itself says has “low reliability.”
Politics
Myanmar Election Went `Better Than Expected,' EU Observer Says (Bloomberg)
Myanmar’s election went “better than expected,” with few instances of voter irregularities, though more reforms were needed to improve transparency and democracy, the European Union’s chief election observer said.
When Politicians Go Hunting for Votes (The Atlantic)
Just 6 percent of Americans went hunting in 2011, according to the latest numbers from the U.S. Fish and Wildlife Service. And according to the 2014 General Social Survey, just 15 percent of adults live in households where they or their spouse were hunters, down from a high of 32 percent in 1977. Despite its gun-friendly reputation, contemporary America is not exactly a nation of hunters.
Technology
This gaming-inspired glove helps stroke patients relearn vital skills (Mashable)
The Rapael Smart Glove looks a lot like the Nintendo Power Glove, but it's not exactly a video game controller. It's a smart rehabilitation glove for recovering stroke patients.
Gaming was definitely a huge part of it, however. The glove, created by Korean health tech company Neofect, incorporates motion-based games to help stroke patients relearn how to use their arm and hand.
Functionality of smartphones integrated into ordinary glasses (Phys)
Spin-off company Dispelix Oy will commercialise a new display – developed by VTT Technical Research Centre of Finland – which brings visual information directly into the user's field of vision, as a high-definition image on an eyeglass lens. This will enable smartglasses to replace even smartphones or tablets, while still allowing users to see the world around them. Also integrable with current smartglasses, this product should be available to consumers within a year.
Health and Life Sciences
Many Who Survive Cardiac Arrest Don't Suffer Brain Damage (Medicine Net)
Most adults who survive cardiac arrest away from a hospital don't end up with brain damage, a new study finds.
Researchers analyzed data from about 3,800 attempted resuscitations of people whose hearts stopped beating in urban or suburban areas.
Use of Long-Acting Birth Control Methods Surges Among U.S. Women (NY Times)
The share of American women on birth control who use long-acting reversible methods like intrauterine devices and implants has nearly doubled in recent years, the federal government reported Tuesday.
The share of women on birth control who use the devices rose to 11.6 percent in the period from 2011 to 2013, up from 6 percent in 2006 to 2010, according to the National Center for Health Statistics. The share is still smaller than for the pill (26 percent) or condoms (15 percent), but it is the fastest-growing method.
Common Antibiotics Cause Arrhythmias, Death And Everything Else (Forbes)
Shocking news—unless you are a physician or know healthcare—that commonly used antibiotics can cause death!
This time, the villains are macrolide antibiotics—Azithromycin (Zithromax), Clarithromycin (Biaxin), and Erythromycin.
In a large meta-analysis, studies involving 20,779,963 participants were analyzed. The authors analyzed risk of death from any cause, as well as sudden cardiac death, to compensate for the survival benefit (improved survival) of the antibiotics in treating pneumonia. The findings? Macrolide antibiotics caused an additional 36 sudden cardiac deaths per million treatment courses.
Life on the Home Planet
California Is Finally Getting Rain. Now if It Could Just Hold on to It (Wired)
El nino has arrived in California, and with it the rains. It’s not exactly monsoon season, but for the first time in a long while the weather is bringing puddles to San Francisco, mud to the valleys (Silicon and Central), and snow to the Sierras. But how much is this precipitation helping the state’s ongoing drought? Short answer: Not so much. Long answer: Not as much as Californians hope, but at least parts of the state are working to bank some of the water from this wetter year for the future.
Crocodiles 'to guard Indonesia prisons' (BBC)
The head of Indonesia's anti-drugs agency has proposed building a prison island guarded by crocodiles to house death-row drug convicts.
Budi Waseso said crocodiles often made better guards than humans – because they could not be bribed.
He said he would visit different parts of the Indonesian archipelago in order to find the fiercest reptiles.
