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DJI’s New Drone Teaches Kids Robotic Warfare

Courtesy of ZeroHedge. View original post here.

China, the rising power of the world, has seen one of its most popular drone companies step into the education market with a new robot that teaches children robotics, coding, and warfare.

DJI, the world's largest drone maker, has branched out from its traditional Phantom and Mavic drones to an entirely new land-based robot called RoboMaster S1 will allow children to discover new technologies at an early age.

On June 11, the company unveiled the S1 in China. The new robot features 31 sensors, a stabilized camera, and a laser/pellet gun. Children, mostly Chinese at the moment, have had an early lead on getting their hands on these new, high-tech robots. When the S1s battle, there are hit-detecting sensors on each side of the vehicle that will allow the winner of each fight to immobilize their opponent(s).

However, there is a significant problem: The S1s are shipped as a kit (costing around $500), which means the youngsters who are assembling the drone must learn about robotics software for assembly.

"By doing the assembly process, you get to understand what each part is used for and what the principles are behind it," says Shuo Yang, one of the lead engineers.

"We want it to look like an interesting toy that then teaches basic programming and mechanical knowledge." Once built, the RoboMaster S1 can be used to blast away at other S1s during some good, old-fashioned at-home family combat.

Once the robot is assembled, it has extraordinary abilities. It can follow orders, recognize 44 different visual symbols, identify and track humans, and respond to gestures from humans, as well as recognizing other S1 robots and react accordingly during battle.

Children will learn some form of robotics through DJI's series called "Road to Mastery" – will allow children at an early age to learn robotic warfare.

Children can use Python or Scratch to code new robot maneuvers so that they can one-up their opponent(s) during a fierce fight.

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Huawei’s Plan B: Meet The Russia-China OS

Courtesy of ZeroHedge. View original post here.

Authored by Pepe Escobar via The Asia Times,

The US ban on Huawei is pushing it to develop alternative systems that may rival Google and Android…

Google cuts Huawei off Android; so Huawei may migrate to Aurora. Call it mobile Eurasia integration; the evolving Russia-China strategic partnership may be on the verge of spawning its own operating system – and that is not a metaphor.

Aurora is a mobile operating system currently developed by Russian Open Mobile Platform, based in Moscow. It is based on the Sailfish operating system, designed by Finnish technology company Jolla, which featured a batch of Russians in the development team. Quite a few top coders at Google and Apple also come from the former USSR – exponents of a brilliant scientific academy tradition.

In 2014, Russian entrepreneur Grigory Berezkin started co-owning Jolla, and from 2016 his Mobile Platform company started developing a Russian version of the operating system. In 2018, Rostelecom, a state company, bought a 75% share in Open Mobile Platform.

Ahead of the St Petersburg International Economic Forum last week, Huawei chairman Guo Ping discussed the possibility of adopting Aurora with Russian minister of digital development and communications, Konstantin Noskov. According to Guo, “China is already testing devices with the Aurora pre-installed.

In Moscow, before moving to St Petersburg, Presidents Putin and Xi Jinping discussed multiple possible deals; and these include Huawei-Aurora, as well as where to locate some of Huawei’s production lines in Russia.

Google, here we come

Aurora could be regarded as part of Huawei’s fast-evolving Plan B. Huawei is now turbo-charging the development and implementation of its own operating system, HongMeng, a process that started no less than seven years ago. Most of the work on an operating system is writing drivers and APIs (application programming interfaces). Huawei would be able to integrate their code to the Russian system in no time.

HongMeng, for its part, is a key project of Huawei 2012 Laboratories, the innovation, research and technological development arm of the Shenzhen colossus.

No Google? Who cares? Tencent, Xiaomi, Vivo and Oppo are already testing the HongMeng operating system, as part of a batch of
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Boeing CEO Admits “Mistakes” Were Made Before 2 Crashes Killed 346 People

Courtesy of ZeroHedge. View original post here.

Speaking on the eve of the Paris airshow, Boeing CEO, Dennis Muilenburg, admitted to reporters that the company made a “mistake” in handling a problematic cockpit warning system in its 737 Max jets before two crashes of the top-selling plane killed 346 people, and he promised transparency as the U.S. aircraft maker tries to get the grounded model back in flight.

In response to FAA faulting Boeing for not telling regulators for more than year that a safety indicator in the Max cockpit didn’t work, AP reports  that Muilenberg has now admitted that Boeing’s communication with regulators, customers and the public “was not consistent. And that’s unacceptable.”

“We clearly had a mistake in the implementation of the alert,” Muilenburg said.

“When I make comments about the previous design and how we followed those processes, that’s something we put a lot of thought and depth of analysis into. That doesn’t mean that it can’t be improved.”

Muilenburg went on to call the crashes of the Lion Air and Ethiopian Airlines jets a “defining moment” for Boeing, but said he thinks the result will be a “better and stronger company.”

He expressed confidence that the Boeing 737 Max would be cleared to fly again later this year.

Additionally, the embattled CEO confirmed the company is undergoing a multi-faceted review of 737 Max design, noting that regulators are examining the 737 Max software, angle-of-attack disagree alert, and are also studying “every element of training syllabus.”





Debunking Media Hysterics That “Seattle Heat-Waves Could Kill Hundreds”

Courtesy of ZeroHedge. View original post here.

Via Cliff Mass Weather and Climate blog,

On Friday, the front page of the Seattle Times had a terrifying story about Seattle heat waves that could kill hundreds— in fact, over 700 per event.  And that only by rapidly cutting greenhouse gas emissions, might our fellow citizens be saved.

Courtesy of the Seattle Times

Their online headline deepened the angst, telling us that Seattle was "unprepared" for the "deadly heat waves" that were being stoked by global warming.

This story was based on a paper in the journal Science Advances:

Increasing mitigation ambition to meet the Paris Agreement’s temperature goal avoids substantial heat-related mortality in U.S. cities.    

The title of this paper gives one a hint that this is an advocacy document, not an objective look at science and risk. There is supplemental information on the paper here

As I describe in detail below, there are profound issues with that paper and with the Seattle Time article that promoted it.  And as I will discuss, such poor journalism and problematic papers have the potential to undermine progress in dealing with the actual threats accompanying global warming.

There are two aspects of the paper that have substantial problems.  First, there is the estimate of how temperature will change this century under global warming.  Secondly, there is their approach for estimating the additional deaths associated with various levels of global warming.

Let's start with the second… how they connect global warming with increased mortality.

For each city, they completed a statistical analysis of the death rates FROM ALL CAUSES versus mean daily temperature, with their best estimate of the relationship shown by blue and red lines, corresponding to mortality for cold and warm events  (see example for Seattle below).  The gray area is a measure of the uncertainty of their estimate.   The they also find a temperature of minimum mortality (MMT), which for Seattle was 18.5C (65.3F).   According to their methodology, more folks start dying when the temperature is higher, for example at 80F (26.7C).


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Tech Bubble 2.0: Software Stock Valuations Are Back To Year 2000 Levels

Courtesy of ZeroHedge. View original post here.

Will the government pull regulatory trigger on tech stocks, or won't it?

That's the question a growing number of investors are asking, and certainly need to know the answer to, before continuing to buy the Nasdaq, and especially the 5 FAANG stocks that have account for a significant portion of the market's upside in the past decade.

To be sure, regulatory concerns facing tech stocks are hardly new. Back in April 2018, Bank of America laid out  "10 reasons why global investors should reduce tech allocations in 2018", pointing out something stunning – technology is the most lightly regulated sector: just 27K regulations (Chart 7) for tech; by comparison manufacturing regulated by 215K rules, financial sector by 128K.

Curiously, despite an escalating war of words between Trump and the world's richest man, Amazon CEO, Jeff Bezos, and despite the threat of a Congressional crackdown on companies from Apple to Facebook and Google, equity investors continue to remain optimistic about the regulatory outlook for technology stocks.

Perhaps that is in response to investors' overall optimism about the market, which is trading just 2% below its all time high despite a bevy of potential macro shocks on the immediate horizon: even though Presidents Trump and Xi are scheduled to meet at the G-20 summit in two weeks, where little progress is expected, after lagging the S&P 500 by 700 bps in May, a basket of US stocks with high China sales has outperformed by 360 bps so far in June. Investors are also  expecting support from a dovish Fed, and expect a cut at the July FOMC meeting.

Of course, while overall optimism may be explained, it is not justified, just like semiconductor stocks hitting all time high just over a month ago before crashing into a bear market as a result of the Huawei debacle.

Meanwhile, the storm clouds for tech are gathering, and as Goldman's chief equity strategist David Kostin writes, "politicians on both sides of the aisle have intensified their focus on antitrust issues. The FTC and DoJ are reportedly launching investigations, the House Judiciary Committee has launched an antitrust probe of “big tech,” and several presidential candidates have…
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Hedge Fund CIO: “I Don’t Think The Public Is Aware Of What’s Coming”

Courtesy of ZeroHedge. View original post here.

Submitted by Eric Peters, CIO of One River Asset Management

“I don’t think we’re well prepared at all. And I don’t think the public is aware of what’s coming,” said the Chairman of the House Intelligence Committee. He was discussing the rapid advance of synthesis technology. This new artificial intelligence capability allows competent programmers to create audio and video of anyone, saying absolutely anything.

The creations are called “deepfakes” and however outrageous they may be, they’re virtually indistinguishable from the real thing.

No sooner had we adjusted to a world where our reality seemed fake, then things that are fake became our reality.

“We’re outgunned,” said a UC Berkeley digital-forensics expert, “The number of people now working on video-synthesis outnumber those working on detecting deepfakes by 100-1.”

Twitter suspended 4,779 accounts it believed are associated with Iran’s theocratic leaders. It republished every tweet sent by these accounts to help researchers analyze and spot behavioral patterns.  Already two-thirds of Americans say altered images and videos have become a major problem for understanding the basic facts of current events.

Misinformation researchers warn of growing “reality apathy” whereby it takes so much effort to distinguish between what’s real and fake that we simply give up and rely on our base instincts, tribal biases, impulses. Immersed in our leader’s deceits, we come to believe in nothing. Two oil tankers burst into flames, billowing smoke.

On cue, a suspicious Iranian Revolutionary Guard boat appeared on grainy video. Viral images flooded earth’s nine billion screens. Each side told a different story. No one quite knew who to trust. Conspiracy theories filled the void, as we each clung to what we most want to believe. And as truth slowly slipped away, we turned to market prices as our proxy for reality; oil prices fell, stocks rallied, volatility declined.

But of course, it is precisely because market prices still retain some reflection of reality that our policy makers and politicians work so desperately to manipulate them.

* * *

Free Markets

Not a single person in power wants truly free markets. Central banks were established specifically to tame them. Sweden was first, in 1668. There’s nothing they won’t do to deny…
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Deutsche Bank To Launch €50 Billion “Bad Bank” Housing Billions In Toxic Derivatives

Courtesy of ZeroHedge. View original post here.

Just last week, Jeff Gundlach – in his latest DoubleLine investor call - cracked jokes that Deutsche Bank's imploding stock which has been hitting fresh all time lows virtually every day, has a major support area at €0.

Once again, he was on to something because now, just a few days later, the FT reports that the bank which was this close to nationalization in 2016, and failed to consummate a merger with that "other" German bank, Commerzbank, is preparing to roll out Plan Z: amid a deep overhaul of its trading operations (read: mass terminations), the biggest German lender is set to roll out a "bad bank" holding some €50 billion in toxic assets, in a plan that was quite popular in the depths of the global financial crisis.

Meanwhile, as part of CEO Christian Sewing's ongoing restructuring of DB away from investment bank, "the bank's equity and rates trading businesses oustide continental Europe will be severely shrunk or closed entirely as part of the revamp", while managers are also set to unveil a new focus on transaction banking and private wealth management.

Of course, it will hardly come as a surprise that the German bank best known for housing €43.5 trillion in gross derivatives notional (something we first pointed out way back in 2013)…

… will stuff its "bad bank", known internally also as "the non-core asset unit", with – drumroll – long-dated derivatives.

According to the FT, the CEO will likely to announce the changes with the bank’s half-year results in late-July.

While the final scale of the bad bank has not been decided and the number “continues to oscillate”, executives are reportedly discussing at least €30bn of risk-weighted assets with an eventual size of €40bn to €50bn most likely, at the high end almost exactly 4 times greater than DB's current market cap, and accounting for 14% of Deutsche’s balance sheet.

"The cuts need to be radical,” one senior banker told the FT. “It makes sense for us to put all these long-term, nil-revenue assets in a non-core unit.” The person…
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F1 Grid Girl Ban Infuriates Dutch MP: ‘Only An Idiot’ Sees Beautiful Women As Problematic

Courtesy of ZeroHedge. View original post here.

A Dutch MP is still fuming over Formula One's 2018 decision to remove grid girls from the sport due to "female patronizing.

Grid girls at risk of losing their livelihoods due to feminism


 

"Grid girls belong in Formula 1 as much as the cars do," exclaimed Roy van Alast – a member of the Party for Freedom in the house of representatives.

"Only an idiot sees a beautiful woman as a problem. The rest of the people love it.

Van Alast isn't just complaining either that grid girls are "part of motor sport," he says that his party wants to "ensure that this beautiful tradition will be restored.

As we noted last February, F1 struck a blow to the patriarchy by depriving heterosexual male fans – the sport's largest demographic – the pleasure of watching an adrenaline-filled race while smoking hot women parade around the event

Replacing the grid girls is F1's "Grid Kids" initiative, designed to entice younger fans to "get involved" with racing. 

In April, we reported that a Spanish advertising agency was in hot water after stipulating that grid girls "must have a size 95 or 100 chest," which is roughly 36" – 38" according to La Vanguardia

"For a car and motorcycle event we are looking for two ladies who will be available from Friday April 5 through Sunday April 7," reads the ad. "There is a payment of €200 net, plus any additional costs. There is one requirement: you must have a chest circumference between 95 and 100 cm."

Perhaps an argument can be made that depriving grid girls of their livelihoods is a human rights violation?

Oh the humanity!





“This Has Never Happened Before”: Millions Without Electricity After Massive Blackout Cripples Argentina And Uruguay

Courtesy of ZeroHedge. View original post here.

Millions of people and entire cities descended into darkness as a massive, unprecedented power failure kept Argentina and Uruguay in the dark on Sunday morning, the same day as provincial elections were to be held in parts of Argentina. Parts of Brazil and Paraguay also were affected, according to the BBC.

According to Buenos Aires-based electricity supplier company Edesur, Argentina suffered a “nationwide” blackout, which also affected neighboring Uruguay, said the company's spokesperson, Alejandra Martinez, adding that "Something like this has never happened before."

The company had earlier explained that the massive power outage happened due to a failure in the electrical interconnection system. The blackout itself started at 7:07am local time on Sunday, according to Argentinian officials.

In a subsequent tweet, Edesur said that power is gradually being restored, starting with an initial 34,000 customers.   Electricity in Buenos Aires and the greater capital area is also coming back online. “The process of normalization, which will require several hours, is beginning,” according to Edesur.

Argentina’s Civil Protection Minister Daniel Russo estimated that it will take between six and eight hours to fully restore…
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Zero Hedge

$1 Billion Worth Of Cocaine Seized At Philadelphia Port

Courtesy of ZeroHedge. View original post here.

Several thousand traders on Wall Street may be extra jittery tomorrow when the FOMC announcement hits at 2:00pm. The reason: shipping containers full of illegal drugs - mostly blow - were found and seized at a Philadelphia port in what authorities described as the largest seizure in the region's history. Back in March we reported by what at a time seemed like a giant haul when a ton and a half of cocaine seized at the port of New York and New Kersey, in what was describe...



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Phil's Favorites

With cryptocurrency launch, Facebook sets its path toward becoming an independent nation

 

With cryptocurrency launch, Facebook sets its path toward becoming an independent nation

The world’s newest country? railway fx/Shutterstock.com

Courtesy of Jennifer Grygiel, Syracuse University

Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by hug...



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Kimble Charting Solutions

Consumer Staple and Yields about to send key message to stocks?

Courtesy of Chris Kimble.

Could the Staples sector and the yield on the 10-year note be on the verge of sending an important message to the stock and bond markets? It sure looks that way.

Staples ETF (XLP) is currently attempting to break above the January 2018 highs at (1). If it does, it would be a breakout of the trading range that has been in play for the past 18-months, as it looks to have created a double bottom last year.

The yield on the 10-year note (TNX)  has declined nearly 35%, since pea...



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Insider Scoop

30 Stocks Moving In Tuesday's Pre-Market Session

Courtesy of Benzinga.

Gainers
  • Moneygram International Inc (NASDAQ: MGI) rose 128.3% to $3.31 in pre-market trading after the company reported a strategic partnership with Ripple. Blockchain payments firm Ripple has made an investment in MoneyGram and will also allow the group to use its XRP cryptocurrency as part of the cross-border payments process. Ripple made an initial investment of $30 million in the money transfer company, made up of common stock and a warrant to purchase common stock. Ripple purchased newly-issued common stock including the shares underlying the warrant from MoneyGram at $4.10 per share.
  • Blue Apron Holdings, Inc....


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Biotech

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

 

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

If you’ve got the raw data, why not mine it for more info? Sergey Nivens/Shutterstock.com

Courtesy of Sarah Catherine Nelson, University of Washington

Back in 2016, Helen (a pseudonym) took three different direct-to-consumer (DTC) genetic tests: AncestryDNA, 23andMe and FamilyTreeDNA. She saw genetic testing as a way...



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Chart School

Silver Review

Courtesy of Read the Ticker.

The folks in the federal reserve will debase the US dollar currency to an extreme degree silver will finally lift off the floor.. 

Note: Readers should re watch the silver back screen news video, here.

The following video looks at price action and Wyckoff logic.

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If gold moves, silver wi...

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Digital Currencies

Cryptos Are Crashing As Asia Opens, Bitcoin Back Below $8k

Courtesy of ZeroHedge. View original post here.

Having survived the day's bloodbath in US tech stocks, cryptos are crashing in the early Asian session, apparently playing catch-down to the day's de-risking.

While no catalyst is immediately evident, there are some reports noting 13 large global banks are preparing to launch digital versions of major global currencies next year, though we suspect this drop was more algorithmic that fundamental-driven.

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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