October 2018 - YCLOAK

Trump Carbon Plan Attacked by Coastal States, Lauded by Coal Interests

By Yeco on Wednesday, October 31, 2018

President Donald Trump’s proposal to replace an Obama-era policy to fight climate change with a weaker plan allowing states to write their own rules on emissions from coal-fired power plants was criticized by coastal states, but applauded by coal interests on Wednesday.

Under the proposed Affordable Clean Energy plan that acting Environmental Protection Agency (EPA) chief Andrew Wheeler issued in August, the federal government would set carbon emission guidelines, but states would have the leeway to set less stringent standards on coal plants, taking into account the age and upgrade costs of facilities.

The heads of environmental and energy agencies from 14 mostly coastal states, including California, New York and North Carolina, told the EPA in joint comments on the Trump plan that it would result in minimal reductions of greenhouse gases, and possibly result in increased emissions, relative to having no federal program on the pollution.

“We urge EPA to abandon this proposal and instead to maintain or update the (Obama era) Clean Power Plan,” which the states said would fulfill EPA’s obligations under federal clean air law and support the efforts of states to mitigate the effects of climate change. Some states including New York and Virginia have threatened to sue the EPA if the plan becomes law.

The comment period on the plan ends on Wednesday night and a final rule from the EPA is expected later this year.

Coal and some utility interests lauded the Trump plan.

“The proposed ACE rule is a welcome return to federal restraint after years of punitive overreach,” said Hal Quinn, the president and CEO of the National Mining Association, an industry group.

The coal industry had said President Barack Obama’s climate regulations represented a “war on coal,” but Trump’s promises to reduce regulations have not led to a revival, as the industry struggles with competition from an abundance of cheap natural gas.

Ongoing closings of coal-fired plants have pushed U.S. coal consumption by utilities this year to the lowest since 1983, according to the Energy Information Administration.

In August, the EPA projected the plan would result in $400 million a year in economic benefits and reduce retail power prices by up to 0.5 percent by 2025. The EPA also forecast that under the rule, coal production would rise by up to 5.8 percent by 2025.

The Obama-era plan, which had been put on hold by the U.S. Supreme Court, set overall carbon-reduction goals for each state.
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Economy

Cuba Says Investor Interest Up Despite US Hostility

By Yeco on Wednesday, October 31, 2018

Cuba’s foreign trade and investment minister said on Wednesday the country had signed nearly 200 investment projects worth $5.5 billion since it slashed taxes and made other adjustments to its investment law in 2014.

Cuba began a major effort to attract foreign investment as socialist ally Venezuela’s economy went into crisis and has ratcheted it up as export revenues decline and the Trump administration backtracks on a detente begun under then-U.S. President Barack Obama.

“Foreign investment in Cuba is growing despite the recent strengthening of the U.S. economic, trade and financial blockade, though it is below what we want,” the minister, Rodrigo Malmierca, said at an investment forum in Havana.

Even as the forum unfolded, debate on an annual resolution condemning U.S. sanctions got under way at the U.N. General Assembly in New York and the Trump administration said that on Thursday it would announce new sanctions aimed at Cuba’s military and security services.

Malmierca said 40 new projects were signed over the last year valued at $1.5 billion.

Many agreements are in the tourism sector and are often simple management and marketing accords. Others are in manufacturing, oil exploration and, to a lesser extent, areas such as pharmaceuticals, agriculture and logistics.

Cuba says it wants a minimum $2.5 billion per year in direct foreign investment to dig its way out of years of crisis and stagnation.

While $5.5 billion in deals may have been signed since 2014, the government has said only around $500 million has actually been invested annually, including foreign government credits and donations.

Diplomats and business officials report that many projects are hard pressed to obtain financing and the Communist-run country’s bureaucracy also slows deals from getting off the ground.

For example, since 2014 five golf resorts valued at close to $2.5 billion were signed with British, Chinese and Spanish investors, but ground has yet to be broken on any of them, according to foreign business officials and diplomats with knowledge of the projects.

Malmierca said the country was working to overcome numerous obstacles for investors, such as lengthy delays for project approval, lack of experience among Cuban negotiators and Cuba’s dual monetary system with fixed exchange rates.

Under then-leader Fidel Castro, foreign investment was first nationalized, then, after the fall of former benefactor the Soviet Union it was viewed as an unfortunate necessity. Today it is lauded as an integral part of the country’s development strategy.
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Technology

US Supreme Court Divided Over How Google Settled Privacy Case

By Ytech on Wednesday, October 31, 2018

U.S. Supreme Court justices, in an internet privacy case involving Google, disagreed on Wednesday over whether to rein in a form of settlement in class action lawsuits that awards money to charities and other third parties instead of to people affected by the alleged wrongdoing.

The $8.5 million Google settlement was challenged by an official at a Washington-based conservative think tank, and some of the court’s conservative justices during an hour of arguments in the case shared his concerns about potential abuses in these awards, including excessive fees going to plaintiffs’ lawyers.

Some of the liberal justices emphasized that such settlements can funnel money to good use in instances in which dividing the money among large numbers of plaintiffs would result in negligible per-person payments. Conservatives hold a 5-4 majority on the high court.

The case began when a California resident named Paloma Gaos filed a proposed class action lawsuit in 2010 in San Jose federal court claiming Google’s search protocols violated federal privacy law by disclosing users’ search terms to other websites. Google is part of Alphabet Inc.

A lower court upheld the settlement the company agreed to pay in 2013 to resolve the claims.

Critics have said the settlements, known as “cy pres” [pronounced “see pray”] awards, are unfair and encourage frivolous lawsuits, conflicts of interest and collusion between both sides to minimize damages for defendants while maximizing fees for plaintiffs’ lawyers. Supporters have said these settlements can benefit causes important to victims and support underfunded entities, such as legal aid.

During the arguments, several justices, both liberal and conservative, wondered whether the plaintiffs had suffered harm through the disclosure of their internet searches, sufficient to justify suing in federal court, signaling they may dismiss the case rather than deciding the fate of cy pres settlements.

Liberal Justice Stephen Breyer seemed doubtful that simple searches, of one’s own name for instance, would be enough to sustain a privacy lawsuit.

Conservative Justice Brett Kavanaugh appeared to disagree.

“I don’t think anyone would want … everything they searched for disclosed to other people,” Kavanaugh said. “That seems a harm.”

Google agreed in the settlement to disclose on its website how users’ search terms are shared but was not required to change its behavior. The three main plaintiffs received $5,000 each for representing the class. Their attorneys received about $2.1 million.

Under the settlement, the rest of the money would go to organizations or projects that promote internet privacy, including at Stanford University and AARP, a lobbying group for older Americans, but nothing to the millions of Google users who the plaintiffs were to have represented in the class action.

Cy pres awards, which remain rare, give money that cannot feasibly be distributed to participants in a class action suit to unrelated entities as long as it would be in the plaintiffs’ interests.

‘A sensible system’

While wrestling over the privacy aspects of Google searches, the justices also disagreed about the settlement both sides reached. Conservative Justice Samuel Alito raised concerns that the money would go to groups that some plaintiffs might not like but have no say in opposing.

“How can such a system be regarded as a sensible system?” Alito asked.

Chief Justice John Roberts, another conservative, noted that AARP engages in political activity, an issue that the Google deal’s opponents, led by Ted Frank, director of litigation for the Competitive Enterprise Institute, had raised.

Google has called Frank a “professional objector.”

Roberts also said it was “fishy” that settlement money could be directed to institutions to which Google already was a donor. Some beneficiary institutions also were the alma mater of lawyers involved in the case, Kavanaugh noted.

Liberal Justice Ruth Bader Ginsburg told Frank, who argued the case on Wednesday, that at least the plaintiffs get an “indirect benefit” from the settlement.

“It seems like the system is working,” added Justice Sonia Sotomayor, another liberal.

In endorsing the Google settlement last year, the San Francisco-based 9th U.S. Circuit Court of Appeals said each of the 129 million U.S. Google users who theoretically could have claimed part of it would have received “a paltry 4 cents in recovery.”
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Economy

Fitch Shifts Mexico Debt Outlook From Stable to Negative

By Yeco on Wednesday, October 31, 2018

Fitch Ratings changed its outlook on Mexico’s long-term foreign-currency debt issues Wednesday from “stable” to “negative,” citing the potential policies of President-elect Andres Manuel Lopez Obrador.

The leftist Lopez Obrador has tried to smooth anxieties in the business community, but upset many on Monday by cancelling a partly built, $13 billion new airport on the outskirts of Mexico City.

The private sector had strongly backed the airport project, but Lopez Obrador called it wasteful. Instead he plans to upgrade existing commercial and military airports. He made the decision based on a public referendum that was poorly organized and drew only about 1 percent of the country’s voters.

Alfredo Coutino, Latin America director at Moody’s Analytics, said the decision to cancel the airport project “added not only volatility but also uncertainty to the economy’s future, because it signals that policymaking in the new administration can be based more on such kind of subjective consultation and less on technical or fundamentals consistent with the country’s needs.”

“The cancellation has certainly introduced an element of uncertainty in markets and investors,” Coutino wrote, “which could start affecting confidence and credibility.”

Fitch confirmed its BBB+ investment-grade rating for Mexican government debt, but said Wednesday “there are risks that the follow-through on previously approved reforms, for example in the energy sector, could stall.”

Lopez Obrador has said he will review private concessionary oil exploration contracts granted under current President Enrique Pena Nieto’s energy reform, but won’t cancel them if they were fairly granted. The fear is that future exploration contracts may be delayed or cancelled.

Lopez Obrador won’t take office until December1, but has already announced major policy decisions.

Some of his policy announcements – like fiscal restraint, respect for the independence of the central banks and a pledge to avoid new debt – earned praise from investors.

But Fitch noted the decision to cancel the airport “sends a negative signal to investors.”

Lopez Obrador has also pledged to have the state-owned oil company, Pemex, build more refineries to lower imports of gasoline.

Fitch wrote that this type of proposal will “would entail higher borrowing and larger contingent liabilities to the government.”

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Science

Appendix Removal Linked to Lower Risk of Parkinson’s

By Yscien on Wednesday, October 31, 2018

Scientists have found a new clue that Parkinson’s disease may get its start not in the brain but in the gut – maybe in the appendix.

People who had their appendix removed early in life had a lower risk of getting the tremor-inducing brain disease decades later, researchers reported Wednesday.

Why? A peek at surgically removed appendix tissue shows this tiny organ, often considered useless, seems to be a storage depot for an abnormal protein – one that, if it somehow makes its way into the brain, becomes a hallmark of Parkinson’s.

The big surprise, according to studies published in the journal Science Translational Medicine: Lots of people may harbor clumps of that worrisome protein in their appendix – young and old, people with healthy brains and those with Parkinson’s.

But don’t look for a surgeon just yet.

“We’re not saying to go out and get an appendectomy,” stressed Viviane Labrie of Michigan’s Van Andel Research Institute, a neuroscientist and geneticist who led the research team.

After all, there are plenty of people who have no appendix yet still develop Parkinson’s. And plenty of others harbor the culprit protein but never get sick, according to her research.

The gut connection

Doctors and patients have long known there’s some connection between the gastrointestinal tract and Parkinson’s. Constipation and other GI troubles are very common years before patients experience tremors and movement difficulty that lead to a Parkinson’s diagnosis.

Wednesday’s research promises to re-energize work to find out why, and learn who’s really at risk.

“This is a great piece of the puzzle. It’s a fundamental clue,” said Dr. Allison Willis, a Parkinson’s specialist at the University of Pennsylvania who wasn’t involved in the new studies but says her patients regularly ask about the gut link.

Parkinson’s Foundation chief scientific officer James Beck, who also wasn’t involved, agreed that “there’s a lot of tantalizing potential connections.”

He noted that despite its reputation, the appendix appears to play a role in immunity that may influence gut inflammation. The type of bacteria that live in the gut also may affect Parkinson’s.

But if it really is common to harbor that Parkinson’s-linked protein, “what we don’t know is what starts it, what gets this whole ball rolling,” Beck said.

For years, scientists have hypothesized about what might cause the gut-Parkinson’s connection. One main theory: Maybe bad “alpha-synuclein” protein can travel from nerve fibers in the GI tract up the vagus nerve, which connects the body’s major organs to the brain. Abnormal alpha-synuclein is toxic to brain cells involved with movement.

There have been prior clues. People who decades ago had the vagus nerve cut as part of a now-abandoned therapy had a reduced risk of Parkinson’s. Some smaller studies have suggested appendectomies, too, might be protective – but the results were conflicting.

Labrie’s team set out to find stronger evidence.

First, the researchers analyzed Sweden’s huge national health database, examining medical records of nearly 1.7 million people tracked since 1964. The risk of developing Parkinson’s was 19 percent lower among those who had their appendix surgically removed decades earlier.

One puzzling caveat: People living in rural areas appeared to get the benefit. Labrie said it’s possible that the appendix plays a role in environmental risk factors for Parkinson’s, such as pesticide exposure.

Further analysis suggested people who developed Parkinson’s despite an early-in-life appendectomy tended to have symptoms appear a few years later than similarly aged patients.

A common protein

That kind of study doesn’t prove that removing the appendix is what reduces the risk, cautioned Dr. Andrew Feigin, executive director of the Parkinson’s institute at NYU Langone Health, who wasn’t involved in Wednesday’s research.

So next, Labrie’s team examined appendix tissue from 48 Parkinson’s-free people. In 46 of them, the appendix harbored the abnormal Parkinson’s-linked protein. So did some Parkinson’s patients. Whether the appendix was inflamed or not also didn’t matter.

That’s a crucial finding because it means merely harboring the protein in the gut isn’t enough to trigger Parkinson’s, Labrie said. There has to be another step that makes it dangerous only for certain people.

“The difference we think is how you manage this pathology,” she said – how the body handles the buildup.

Her team plans additional studies to try to tell.

The reservoir finding is compelling, Feigin said, but another key question is if the abnormal protein also collects in healthy people’s intestines.

And Penn’s Willis adds another caution: There are other unrelated risks for Parkinson’s disease, such as suffering a traumatic brain injury.

“This could be one of many avenues that lead to Parkinson’s disease, but it’s a very exciting one,” she said.

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Science

Corporate Pledge to Deal With Plastic Draws Mixed Reaction

By Yscien on Wednesday, October 31, 2018

More than 250 corporate signatories joined together to try and deal with plastic pollution in an announcement timed to coincide with the 5th Annual “Our Ocean Conference” in Bali, Indonesia.

Under terms of the agreement, the companies agreed to, among other things, make all of the plastics they produce recyclable by 2025. The signatories, including Coca-Cola, Danone, and Kellogg, also agreed to a 2025 deadline to increase the amount of recycled plastic they use in the production of their various products.

Reoccurring problem

Environmental groups like Greenpeace cautiously welcomed the announcement as “moving in the right direction,” but say the agreement is way too open-ended to have much of an impact.

The facts are that around the world, according to a recent study, a whopping 91 percent of all plastic is never recycled. And all that plastic ends up in landfills, in the ocean, in the food chain and ultimately in us.

Greenpeace also noted that this agreement doesn’t change much because “corporations are not required to set actual targets to reduce the total amount of single-use plastics they are churning out. They can simply continue with business as usual after signing the commitment.”

Business as usual is also how the group Oceana views the agreement. It put out a stronger statement, denouncing the agreement. “None of these companies have committed to stop using plastic, to stop putting plastic into consumer products, or to even offer consumers alternatives.”

Less plastic, more recycling

Most environmental groups are urging signatory companies like Coca-Cola and UniLever to stop the flow of plastics at the source.

“Every company that signed the declaration should commit to a meaningful, time-bound and specific percent-reduction of the amount of plastic it is putting into the market,” Oceana said in a statement. “…and to find alternative ways to package and deliver its products.”

In fact, Greenpeace officials point out that “11 of the largest consumer goods companies’ current plans allow them to increase their use of single-use plastics and none have set clear elimination or reduction targets.”

Despite the best intentions of the agreement, most environmental groups say this won’t do much to slow the amount of plastic building up around the world.

The companies that signed on, however, say this agreement will allow them to “eliminate the plastic items we don’t need; innovate so all plastics we do need are designed to be safely reused, recycled, or composted; and circulate everything we use to keep it in the economy and out of the environment.”

Since its beginning, the annual Our Ocean Conference has worked with private companies and governments around the world to protect 12.4 million square kilometers of ocean with monetary commitments worth more than $18 billion.

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Technology

Birthday Blues for Bitcoin as Investors Face Year-on-Year Loss

By Ytech on Wednesday, October 31, 2018

Bitcoin was heading towards a year-on-year loss on Wednesday, its 10th birthday, the first loss since last year’s bull market, when the original and biggest digital coin muscled its way to worldwide attention with months of frenzied buying.

By 1300 GMT, bitcoin was trading at $6,263 on the BitStamp exchange, leaving investors who had bought it on Halloween 2017 facing yearly losses of nearly 3 percent.

A year ago, bitcoin closed at $6,443.22 as it tore towards a record high of near $20,000, hit in December.

That run, fueled by frenzied buying by retail investors from South Korea to the United States, pushed bitcoin to calendar-year gains of over 1,300 percent.

Ten years ago, Satoshi Nakamoto, bitcoin’s still-unidentified founder, released a white paper detailing the need for an online currency that could be used for payments without the involvement of a third party, such as a bank.

Traders and market participants said the Halloween milestone was inevitable, given losses of around 70 percent from bitcoin’s peak and the continuing but incomplete shift towards investment by mainstream financial firms.

“The value mechanisms of crypto and bitcoin today are based more on underlying tech than hype and FOMO (fear of missing out),” said Josh Bramley, head trader at crypto wealth management firm Blockstars.

Growing use of blockchain – the distributed ledger technology that underpins bitcoin – is now powering valuations of the digital currency, he said, cautioning that some expectations for widespread use have not yet materialized.

Others said improvements to infrastructure such as custody services may allow mainstream investors who are wary of buying bitcoin to take positions.

“We see behind closed doors financial and non-financial institutions beavering away to create the infrastructure,” said Ben Sebley, head of brokerage at NKB Group, a blockchain advisory and investment firm.

Bitcoin has endured year-on-year losses before, according to data from CryptoCompare, most recently in 2015.

Retail investors still account for a strong proportion of trading, market players said.

Investors who bet early on bitcoin and have stuck with it have faced a roller-coaster ride in its first decade. Many told Reuters they are optimistic that they are still onto a winner.

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Technology

UK-Canadian ‘Grand Committee’ Seeks to Question Zuckerberg

By Ytech on Wednesday, October 31, 2018

Parliamentary committees in Britain and Canada on Wednesday urged Facebook CEO Mark Zuckerberg to testify before a joint hearing of international lawmakers examining fake news and the internet.

Damian Collins, the head of the U.K. parliament’s media committee, is joining forces with his Canadian counterpart, Bob Zimmer, to pressure Zuckerberg to personally take part in hearings, as he did before the U.S Congress and the European Parliament. The so-called “international grand committee” session would be held Nov. 27 and could include lawmakers from other countries.

“We understand that it is not possible to make yourself available to all parliaments. However, we believe that your users in other countries need a line of accountability to your organization — directly, via yourself,” the pair said in a letter to Zuckerberg. “We would have thought that this responsibility is something that you would want to take up.”

Social media companies have been under scrutiny in Britain following allegations that political consultancy Cambridge Analytica used data from tens of millions of Facebook accounts to profile voters and help U.S. President Donald Trump’s 2016 election campaign. The committee is also investigating the impact of fake news distributed via social media sites globally.

Collins has been irate with Facebook for sending Zuckerberg’s underlings to his committee’s hearings while the leader of the Silicon Valley company declined invitations to attend. Joining forces with Canada — and perhaps other countries — seems designed to prod Zuckerberg and persuade him to change his mind.

“No such joint hearing has ever been held,” the pair wrote. “Given your self-declared objective to ‘fix’ Facebook, and to prevent the platform’s malign use in world affairs and democratic process, we would like to give you the chance to appear at this hearing.”
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Science

Russia Blames Rocket Failure on Technical Malfunction

By Yscien on Wednesday, October 31, 2018

Russia’s space agency says an investigation has found that a rocket carrying a crew to the International Space Station failed recently because of a technical malfunction of a sensor.

The Soyuz-FG rocket carrying a NASA astronaut and a Roscosmos cosmonaut failed two minutes into the October 11 flight, sending their emergency capsule into a sharp fall back to Earth. They landed safely on Kazakhstan’s steppe, but the aborted mission dealt another blow to the troubled Russian space program that serves as the only way to deliver astronauts to the orbiting outpost.

Roscosmos’ executive director Sergei Krikalyov said Wednesday the probe found that a malfunction of a sensor which signals the jettisoning one of the rocket’s four side boosters caused the booster to collide with the second stage of the rocket.
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Technology

Facebook Caught in an Election-security Catch-22

By Ytech on Wednesday, October 31, 2018

When it comes to dealing with hate speech and attempted election manipulation, Facebook just can’t win.

If it takes a hands-off attitude, it takes the blame for undermining democracy and letting civil society unravel. If it makes the investment necessary to take the problems seriously, it spooks its growth-hungry investors.

That dynamic was on display in Facebook’s earnings report Tuesday, when the social network reported a slight revenue miss but stronger than expected profit for the July-September period.

Shares were volatile in after-hours trading — dropping the most, briefly, when executives discussed a decline in expected revenue growth and increasing expenses during the conference call.

With the myriad problems Facebook is facing, that passes for good news these days. It was definitely an improvement over three months ago, when Facebook shares suffered their worst one-day drop in history, wiping out $119 billion of its market value after executives predicted rising expenses to deal with security issues along with slowing growth.

“Overall, given all the challenges Facebook has faced this year, this is a decent earnings report,” said eMarketer analyst Debra Aho Williamson.

Facebook had 2.27 billion monthly users at the end of the quarter, below the 2.29 billion analysts were expecting. Facebook says it changed the way it calculates users, which reduced the total slightly. The company’s user base was still up 10 percent from 2.07 billion monthly users a year ago.

The company earned $5.14 billion, or $1.76 per share, up 9 percent from $4.71 billion, or $1.59 per share, a year earlier. Revenue was $13.73 billion, an increase of 33 percent, for the July-September period.

Analysts had expected earnings of $1.46 per share on revenue of $13.77 billion, according to FactSet.

CEO Mark Zuckerberg called 2019 “another year of significant investment” during the earnings call. After that, he said “I know that we need to make sure our costs and revenue are better matched over time.”

The company had already warned last quarter that its revenue growth will slow down significantly for at least the rest of this year and that expenses will continue to balloon as it spends on security, hiring more content moderators around the world and on developing its products, be they messaging apps, video or virtual reality headsets.

The following day the stock plunged 19 percent. Shares not only haven’t recovered, they’ve since fallen further amid a broader decline in tech stocks .

Facebook’s investors, users, employees and executives have been grappling not just with questions over how much money the company makes and how many people use it, but its effects on users’ mental health and worries over what it’s doing to political discourse and elections around the world. Is Facebook killing us? Is it killing democracy?

The problems have been relentless for the past two years. Facebook can hardly crawl its way out of one before another comes up. It began with “fake news” and its effects on the 2016 presidential election (a notion Zuckerberg initially dismissed) and continued with claims of bias among conservatives that still haven’t relented.

Then there’s hate speech, hacks and a massive privacy scandal in which Facebook exposed the data of up to 87 million users to a data mining firm, along with resulting moves toward government regulation of social media. Amid all this, there have been sophisticated attempts from Russia and Iran to interfere with elections and stir up political discord in the U.S.

All this would be more than enough to deal with. But the business challenges are also piling up. There are stricter privacy regulations in Europe that can impede how much data it collects on users. Facebook and other tech companies face a new ”digital tax ” in the UK.

On Tuesday, Arjuna Capital and the New York State Common Retirement Fund filed a shareholder proposal asking Facebook to publish a report on its policies for governing what is posted on its platform and explain what it is doing to “address content that threatens democracy, human rights, and freedom of expression.”

“Young users are deleting the app and all users are taking breaks from Facebook,” said Natasha Lamb, managing partner at Arjuna Capital. “When you start to see users turn away from the platform, that’s when investors get concerned.”

A recent Pew Research Center survey found that more than a quarter of U.S. Facebook users have deleted the app from their phones and 42 percent have taken a break for at least a few weeks. Younger users were much more likely to delete the app than their older counterparts.

Nonetheless, Facebook is still enjoying healthy user growth outside the U.S.

Facebook’s stock climbed $4.07, or 2.8 percent, to $150.29 in after-hours trading. The stock had closed at $146.22, down 17 percent year-to-date.

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Technology

S. Korean Voting Machines at Center of DRC Election Dispute

By Ytech on Wednesday, October 31, 2018

As elections approach in the central African nation the Democratic Republic of Congo, concerns have been raised over the integrity of electronic voting machines being used in the national poll that were made by South Korea’s Miryu Systems. VOA’s Steve Miller reports from Seoul on the risks.
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Economy

Bolsonaro’s Economic Guru Urges Quick Brazil Pension Reform

By Yeco on Wednesday, October 31, 2018

The future economy minister tapped by Brazilian President-elect Jair Bolsonaro insisted on Tuesday that he wanted to fast-track an unpopular pension reform to help balance government finances despite mounting resistance to getting it done this year.

Paulo Guedes, whom Bolsonaro selected as a “super minister” with a portfolio combining the current ministries of finance, planning and development, has urged Congress to pass an initial version of pension reform before the Jan. 1 inauguration.

“Our pension funds are an airplane with five bombs on board that will explode at any moment,” Guedes said on Tuesday. “We’re already late on pension reform, so the sooner the better.”

He called the reform essential to controlling surging public debt in Latin America’s largest economy and making space for public investments to jump-start a sluggish economy. Markets surged in the weeks ahead of Bolsonaro’s Sunday victory on the expectation that he could pull off the tough fiscal agenda.

Brazil’s benchmark Bovespa stock index rose 3.7 percent on Tuesday, boosted by strong corporate earnings and the resolve shown by Guedes on pension reform.

Yet the University of Chicago-trained economist, who is getting his first taste of public service, met with skepticism from more seasoned politicians.

Rodrigo Maia, the speaker of the lower house of Congress, said on Tuesday that reform is urgent, but cautioned that the conditions to pass it were still far off.

Major Olimpio, a lawmaker from Bolsonaro’s own party who helped run his campaign, agreed the political climate was not ready for reform.

Even Bolsonaro’s future chief of staff, Onyx Lorenzoni, said in a Monday radio interview that he only expects to introduce a reform plan next year.

After a meeting with Lorenzoni, Guedes said the decision on timing was ultimately a political one that the chief of staff would weigh.

“We can’t go from a victory at the ballot box to chaos in Congress,” Guedes told journalists.

On other issues, Guedes made clear he was the final word on economic matters, laying out plans to give the central bank more institutional independence and clarifying comments made by Lorenzoni about exchange-rate policy.

“You are all scared because he is a politician talking about the economy. That’s like me talking about politics. It’s not going to work,” Guedes said.

Hot Button Issues

While advisers work out the details of his economic program, Bolsonaro revisited some of his most contentious campaign promises on Monday night: looser gun laws, a ban on government advertising for media that “lie,” and urging a high-profile

judge to join his government.

In interviews with TV stations and on social media, Bolsonaro, a 63-year-old former Army captain who won 55 percent of Sunday’s vote after running on a law-and-order platform, made clear he would push through his conservative agenda.

Bolsonaro said he wants Sergio Moro, the judge who has overseen the sprawling “Car Wash” corruption trials and convicted former President Luiz Inacio Lula da Silva of graft, to serve as his justice minister.

Barring that, he said he would nominate Moro to the Supreme Court. The next vacancy on the court is expected in 2020.

Bolsonaro had not formally invited Moro as of Tuesday afternoon, and the judge remained noncommittal on the proposal.

“In case I’m indeed offered a post, it will be subject to a balanced discussion and reflection,” Moro said in a statement.

Media Showdown

Late on Monday, Bolsonaro said in an interview with Globo TV that he would cut government advertising funds that flow to any “lying” media outlets.

During his campaign, the right-winger imitated U.S. President Donald Trump’s strategy of aggressively confronting the media, taking aim at Globo TV and Brazil’s biggest newspaper, the Folha de S.Paulo.

“I am totally in favor of freedom of the press,” Bolsonaro told Globo TV. “But if it’s up to me, press that shamelessly lies will not have any government support.”

Bolsonaro was referring to the hundreds of millions of reais the Brazilian government spends in advertising each year in local media outlets, mainly for promotions of state-run firms.

The UOL news portal, owned by the Grupo Folha, which also controls the Folha de S.Paulo newspaper, used Brazil’s freedom of information act as the basis for a 2015 article that showed Globo received 565 million reais in federal government spending in 2014. Folha got 14.6 million reais that year.

Globo said on Tuesday that federal government advertising represented less than 4 percent of the revenue for its flagship channel, TV Globo, without providing more detailed figures.

Grupo Folha did not reply to requests for comment.
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Economy

Ocean Shock: Lobster’s Great Migration Sets Up Boom and Bust

By Yeco on Wednesday, October 31, 2018

This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them.

A lobster tattoo covers Drew Eaton’s left forearm, its pincers snapping at dock lines connecting it to the American flag on his upper arm. The tattoo is about three-quarters done, but the 27-year-old is too busy with his new boat to finish it.

Eaton knows what people here in Stonington have been saying about how much the boat cost him.

“I’ve heard rumors all over town. Small town, everyone talks,” he says. “I’ve heard a million, two million.”

By the time he was in the third grade, Eaton was already lobstering here on Deer Isle in Downeast Maine. By the time he was in the eighth grade, he’d bought his first boat, a 20-footer, from a family friend. The latest one, a 46-footer built over the winter at a nearby boatyard, is his fourth.

Standing on the seawall after hauling lobster traps for about 12 hours on a foggy day this August, he says he’s making plenty of money to cover the boat loan. He’s unloaded 17 crates, each carrying 90 pounds of lobster, for a total haul of nearly $5,500. It’s a pretty typical day for him.

Eaton belongs to a new generation of Maine lobstermen that’s riding high, for now, on a sweet spot of climate change. Two generations ago, the entire New England coast had a thriving lobster industry. Today, lobster catches have collapsed in southern New England, and the only state with a significant harvest is north in Maine, where the seafood practically synonymous with the state has exploded.

The thriving crustaceans have created a kind of nautical gold rush, with some young lobstermen making well into six figures a year. But it’s a boom with a bust already written in its wake, and the lobstermen of the younger generation may well pay the highest price. Not only have they heavily mortgaged themselves with pricey custom boats in the rush for quick profits, they’ll also bear the brunt of climate change — not to mention the possible collapse of the lobstering industry in Maine as the creatures flourish ever northward.

Shifts by 85 percent of species

In the U.S. North Atlantic, fisheries data show that at least 85 percent of the nearly 70 federally tracked species have shifted north or deeper, or both, in recent years when compared with the norm over the past half-century. And the most dramatic of species shifts have occurred in the last 10 or 15 years.

Just in the last decade, for example, black sea bass have migrated up the East Coast into southern New England and are caught in the same traps that once caught lobsters. Back in the 1980s and 1990s, only 50 percent of lobster caught in the United States came from Maine. That started to shift in the 2000s, and this decade, nearly 85 percent of all lobster landings are in Maine.

Pushed out of their traditional habitats by dramatically rising ocean temperatures and other fallout from climate change, the lobsters are part of a global dislocation of marine species that threatens livelihoods and cultures in the lands where they once thrived.

On this island where two-lane roads twist around cedar-shingled houses and the rocky shore, lobstermen set the rhythm, often rising hours before dawn and resting not long after sunset.

Although young guns like Eaton are flush with cash now, old-timers know that lobsters no longer thrive in warming waters to the south, and they’ve heard the talk about how fast the Gulf of Maine is warming. They fret that lobsters will start failing here, too, and Stonington will lose its mantle as lobster capital of the world to somewhere in Canada. And these days, there’s not much to fall back on if it does.

They remember back when fishermen could catch plenty of cod, pollock and halibut if lobsters weren’t filling their traps.

Until recently, shrimp was a reasonably reliable catch for local fishermen. But in 2014, regulators closed the shrimp fishery entirely.

“Here you’ve got these coastal fishing communities that are totally based on what comes out of the water,” says Ted Ames, a commercial fisherman who became a scientist and co-founded the Maine Center for Coastal Fisheries.

He sits in the research center’s main conference room overlooking Stonington harbor, where hundreds of lobster boats bob on their mooring balls and the docks bustle with fishermen and their traps.

In coastal Maine, he says, there’s little to sustain a community other than lobster and tourism.

“You eliminate lobsters, and you have an instant Appalachia, right here.”

Lobstering over time

Unlike kids in most fishing communities around the world, youngsters here in Stonington clamor to get on the water. The gold-rush fever has gotten so bad, the local high school even has a program that encourages students to graduate before heading off to make a living from fishing.

The skippers program, as it is known, offers the allotment of traps as a reward for staying in school. And when the students graduate, it streamlines the process of getting a full Maine skipper license, gradually increasing the number of traps to the maximum of 800.

Deer Isle-Stonington High life sciences teacher Seth Laplant sympathizes with the students who chafe at being in school.

“We have students that, you know, run their own business during the summer and do very well, and then they come back here and they have to ask to go to the bathroom,” he says. “It’s like a completely different world for them, and some of them do struggle with that. They’re used to being their own boss, and they’re respected in the community and in their families as adults.”

But like many teens, they still play the one-upmanship game. Only with these students, it revolves around the size of their boats or the number of traps they own.

Colby Schneider tells the class he’s the part-owner of a 30-foot fishing boat.

Alex Boyce can’t believe it. “Are you serious, you have a 30-foot Novi?”

“Yes,” Colby shoots back. “Me, my brother and my mom went thirds on it.”

Alex rolls his eyes. He’s still accumulating traps and owns about a third of the 150 traps that students in the program are permitted to use. And his boat is only 19 feet long.

Later in the day, Alex gathers with his father and grandfather in his grandparents’ kitchen.

“Every year he asks: ‘Do I have to go back to school? Can I go fishing?'” says his father, offshore lobsterman Theodore Boyce II. “He went one weekend and made $700 in two days. That’s a tough thing to say no to as a parent. … But if he doesn’t finish school, he doesn’t go fishing.”

Alex interrupts his father: “I was going to say, you seem to have a pretty easy job saying no.” Theodore’s eyes dart toward his son, and Alex backs down.

Alex’s grandfather, Theodore “Ted” Boyce, is a fisherman and retired teacher. The 69-year-old, who still fishes part time, hopes his grandson can make a decent living on the water, but he isn’t sure.

Invasive creature

In the summer of 2017, chatter on the Stonington docks was that lobstering wasn’t going to be as lucrative as it had been in recent years. Lobstermen were pulling fewer lobsters, and the traps often came up coated with layers of slimy sea squirts — an invasive jellyfish-type creature.

The arrival of the squirts may or may not be related to climate change or the size of the catch, but it seemed to be a harbinger. As autumn moved toward winter, many of the traps piled high near the docks were encrusted with squirt carcasses.

And when the Maine fisheries released their 2017 landings numbers, the chatter on the docks turned out to be true: Maine lobstermen landed 15 percent less than the record haul in 2016, the lowest catch since the beginning of the decade.

Lobster rush

The waters between the islands of Deer Isle, Isle au Haut and Vinalhaven tell the story of the lobster rush.

Thousands upon thousands of colorfully painted buoys decorate the surface, marking the point where traps are strung below. Each fisherman has a color pattern: reds and whites, blacks and pinks, and yellows, oranges and greens. Most are striped horizontally, making them easier to identify when floating on their sides.

Despite Maine’s reputation as a largely undeveloped state, it’s a thoroughly urban world under the water here. At the height of the summer, there are probably traps every 10 to 20 feet in the near-shore waters.

To describe a lobster pot as a trap, though, is a bit insulting to most other traps. As a practical matter, this is free-range aquaculture. The traps are designed to allow smaller, younger lobsters to come and go as they please, feasting on rotten fish. Even larger lobsters come and go, although with a little more effort.

The unlucky ones are snacking when the trap’s owner decides to check it.

Lobster buoys like the ones off Stonington once punctuated waters along the entire New England coast. Between 1960 and 2000, Connecticut and Rhode Island in southern New England accounted for about 15 percent of the lobster harvest. Since 2010, however, lobster catches have collapsed in both states, with a combined haul of less than 2 percent.

Dramatic drop

Even Massachusetts Bay, which sits on the southwestern edge of the Gulf of Maine, has seen the catch dip dramatically. In the 1980s and 1990s, when lobster’s popularity with U.S. diners exploded, Massachusetts boats accounted for 20 to 30 percent of the harvest. Today, their share hovers around 10 percent.

Southern New England lobsters once were protected from the warm water temperatures in Long Island Sound by upwelling from the Labrador current that tucked in along the coast of eastern Connecticut, Rhode Island and southern Massachusetts.

As the waters in the sound became warmer and warmer during the summer months, the cooling current couldn’t keep up, and cold-water species such as lobsters no longer thrived in southern New England. And what remained of the lobster stock was vulnerable to an unsightly shell disease that made them worthless at the market.

But even as the lobster business boomed in Maine, the waters here were warming faster than almost any other body of water in the world.

Since 1980, the waters in the Gulf of Maine have steadily heated up, but that warming accelerated in the last decade. In fact, the average sea-surface temperature has been between 1 and 4 degrees Fahrenheit above the norm for most of the 2010s.

The warming is driven by direct and indirect effects of climate change, says Andrew Pershing, chief science officer of the Gulf of Maine Research Institute.

He says oceans the world over are absorbing heat from the warming atmosphere. The gulf’s warming, however, is compounded by its position in the North Atlantic, which is close to the weakening Labrador current flowing from the north and a strengthening warm Gulf Stream current flowing from the south.

“You know,” says Ames, the lobsterman turned scientist, “lobster is the best example of global warming we have.”

‘Go-getters’

Perley Frazier has been working these waters for more than 50 years. And at 70 he still hauls the maximum permitted 800 traps.

His buoys, black on top, white in the middle and red on the bottom, are usually found a mile or so from town, near islands that once were quarried for granite by Italian immigrants. The stone was used in the construction of the George Washington Bridge in New York and the John F. Kennedy memorial at Arlington National Cemetery.

No one works in the quarries anymore, he says as he slows his boat, Jericho’s Way.

The rising sun winks off the peaks of swells and the thousands of buoys ahead of him. Without checking his chart plotter, he picks out a string of his buoys from about 100 yards away.

Behind Frazier, his daughter, Lindsay Frazier Copeland, and son-in-law, Brad Copeland, prepare to hook a buoy and haul up traps. After a haul of three keepers, Lindsay and Brad shove the traps back into the water. Frazier throttles up and spins the boat a few feet to the next buoy. It’s a well-practiced routine, and not much said is among the crew, called sternmen.

“It’s hard work, this,” Frazier says during one of their smoke breaks. “It’s hard to find a good sternman who wants to work this hard.” Since this trip, in fact, Brad and Lindsay have moved to Florida, and Frazier has put his boat up for sale.

On the way to the docks to unload his harvest, Frazier points to a trawler heading into port. It’s one of the few non-lobster boats in the town — a herring trawler that goes offshore to catch the small fish, which are used almost exclusively for bait.

And they can’t land enough herring to satisfy the local need for lobster bait; it’s trucked in from New Jersey, among other places. There are even stories of frozen fish heads from Asia finding their way into Maine lobster traps.

These days, Frazier is using cowhide and discarded fish carcasses as bait. Others are using menhaden, or pogies, which migrated north into these waters even as the herring population has dropped off.

Not much else to catch

The truth is, apart from lobster, there’s not much to catch here. And certainly not in the numbers that fishermen could make a living on.

Until this century, only about 50 percent of all fishing revenue in Maine came from lobstering, according to U.S. fisheries data. In the 2000s, that started to steadily rise until, in 2016, it topped 82 percent.

Later, Frazier sits in his armchair at home, after saving the largest five lobsters he caught for dinner. He sips a Canadian whiskey and recalls the days when there were other ways to make a living on the water besides lobster.

Take shrimp, for instance. “They always said shrimp needs cold water. Well, we haven’t had any cold water,” Frazier says.

“That’s the biggest thing — my biggest worry is about global warming. I mean, I’ve seen different fish that’s supposed to be down south that’s up here already, right now.

“We got like triggerfish and we’re gettin’ butterfish, and fella told me the other day … that he had a seahorse.”

He looks at all the new boats being added to the local fishing fleet and isn’t sure lobster can sustain them.

“These guys, they got three-quarters of a million just in the boat,” he says. “And the gear, another quarter-million dollars. They are a million.”

Maine’s fishing fleet is the newest in the nation among states with more than 200 U.S. Coast Guard-documented commercial fishing vessels. And it’s not close. Maine’s boats are an average 24 years old. The average age of the next two states, Massachusetts and Louisiana, is 31. Alaskan boats’ average age is 37, Oregon, 45.

Still, Frazier doesn’t begrudge the money that younger skippers on newer boats are making.

“I mean, these guys work hard and they go hard and put a lot of time in,” Frazier says. “Young guys, go-getters. And they did it right at the exact right time.”

Six-figure income

Back when Drew Eaton was in grade school, it took him two years to buy that first boat, which a family friend’s daughter no longer used.

“I could buy half the boat and the motor the same year,” he says. He worked for the lobsterman the next summer to pay off the balance.

Eaton left Stonington after graduating from high school and went to Pennsylvania for a year to study automotive collision repair. He didn’t stay in that field for long. “I worked in a body shop for a year, and I was getting $12 an hour,” he says.

So he returned to what he knew.

The young lobsterman’s boat now easily produces a six-figure income before expenses. He doesn’t linger on doubts about the future of lobstering in Maine. He leaves that for others.

When he bought his last boat, he says, his parents were skeptical. “They thought I was going too quick.”

Eaton was 22 and it was the same type of boat his father had just bought.

“And then I started catching more than Dad. And then I wasn’t moving so quick.”

And besides, he says, “I am young enough that if I fail, I can start over again in something totally different.”
…

Technology

Google Spinoff to Test Truly Driverless Cars in California

By Ytech on Wednesday, October 31, 2018

The robotic car company created by Google is poised to attempt a major technological leap in California, where its vehicles will hit the roads without a human on hand to take control in emergencies.

The regulatory approval announced Tuesday allows Waymo’s driverless cars to cruise through California at speeds up to 65 miles per hour.

The self-driving cars have traveled millions of miles on the state’s roads since Waymo began as a secretive project within Google nearly a decade ago. But a backup driver had been required to be behind the wheel until new regulations in April set the stage for the transition to true autonomy.

Waymo is the first among dozens of companies testing self-driving cars in California to persuade state regulators its technology is safe enough to permit them on the roads without a safety driver in them. An engineer still must monitor the fully autonomous cars from a remote location and be able to steer and stop the vehicles if something goes wrong.

Free rides in Arizona

California, however, won’t be the first state to have Waymo’s fully autonomous cars on its streets. Waymo has been giving rides to a group of volunteer passengers in Arizona in driverless cars since last year. It has pledged to deploy its fleet of fully autonomous vans in Arizona in a ride-hailing service open to all comers in the Phoenix area by the end of this year.

But California has a much larger population and far more congestion than Arizona, making it even more challenging place for robotic cars to get around.

Waymo is moving into its next phase in California cautiously. To start, the fully autonomous cars will only give rides to Waymo’s employees and confine their routes to roads in its home town of Mountain View, California, and four neighboring Silicon Valley cities — Sunnyvale, Los Altos, Los Altos Hills, and Palo Alto.

If all goes well, Waymo will then seek volunteers who want to be transported in fully autonomous vehicles, similar to its early rider program in Arizona . That then could lead to a ride-hailing service like the one Waymo envisions in Arizona.

Can Waymo cars be trusted?

But Waymo’s critics are not convinced there is enough evidence that the fully autonomous cars can be trusted to be driving through neighborhoods without humans behind the wheel.

“This will allow Waymo to test its robotic cars using people as human guinea pigs,” said John Simpson, privacy and technology project director for Consumer Watchdog, a group that has repeatedly raised doubts about the safety of self-driving cars.

Those concerns escalated in March after fatal collision involving a self-driving car being tested by the leading ride-hailing service, Uber. In that incident, an Uber self-driving car with a human safety driver struck and killed a pedestrian crossing a darkened street in a Phoenix suburb.

Waymo’s cars with safety drivers have been involved in dozens of accidents in California, but those have mostly been minor fender benders at low speeds.

All told, Waymo says its self-driving cars have collectively logged more than 10 million miles in 25 cities in a handful of states while in autonomous mode, although most of those trips have occurred with safety drivers.

Will Waymo save lives?

Waymo contends its robotic vehicles will save lives because so many crashes are caused by human motorists who are intoxicated, distracted or just bad drivers.

“If a Waymo vehicle comes across a situation it doesn’t understand, it does what any good driver would do: comes to a safe stop until it does understand how to proceed,” the company said Tuesday.
…

Economy

Pacific Trade Pact to Start at End of 2018 After Six Members Ratify

By Yeco on Wednesday, October 31, 2018

A landmark 11-member trade deal aimed at slashing barriers in some of Asia Pacific’s fastest growing economies will come into force at the end of December, the New Zealand government said on Wednesday.

The deal would move forward after Australia informed New Zealand that it had become the sixth nation to formally ratify the deal, alongside Canada, Japan, Mexico and Singapore.

“This triggers the 60 day countdown to entry into force of the Agreement and the first round of tariff cuts,” said New Zealand Trade and Export Growth Minister David Parker. His country is responsible for official tasks such as receiving and circulating notifications made by members of the pact.

The original 12-member deal was thrown into limbo early last year when President Donald Trump withdrew from the agreement to prioritize protecting U.S. jobs.

The 11 remaining nations, led by Japan, finalized a revised trade pact in January, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The success of the deal has been touted by officials in Japan and other member countries as an antidote to counter growing U.S. protectionism, and with the hope that Washington would eventually sign back up.

Australia said the agreement will boost agricultural exports, set to be worth more than A$52 billion ($36.91 billion) this year despite a crippling drought across much of the country’s east coast.

“It will give Australian grain farmers a good reason to smile, at a time when drought conditions have played havoc for many, by ensuring improved market access and better grain prices once more favorable seasonal conditions return,” said Luke Mathews, trading and economics manager at industry body, GrainGrowers Australia.

The deal will reduce tariffs in economies that together amount to more than 13 percent of global GDP — a total of $10 trillion. With the United States, it would have represented 40 percent.

The five member countries still to ratify the deal are Brunei, Chile, Malaysia, Peru and Vietnam.
…

Science

New Report Documents Rapid Wildlife Population Loss

By Yscien on Wednesday, October 31, 2018

A just-released report from the World Wildlife Fund details a rapid decline in the world’s biodiversity. In general, the percentage of all kinds of animals in the land, sea and air have declined rapidly since 1970. VOA’s Kevin Enochs reports.
…

Technology

Electronics Flexes Into the Future

By Ytech on Wednesday, October 31, 2018

Advancements in digital printing are leading to more sophisticated, flexible electronics capable of changing the way we live and the way we use technology. Reporter Deana Mitchell takes a look at the latest technological innovations at a research center in San Jose, California.
…

Science

Ocean Shock: The Climate Crisis Beneath the Waves

By Yscien on Wednesday, October 31, 2018

This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them.

To stand at the edge of an ocean is to face an eternity of waves and water, a shroud covering seven-tenths of the Earth.

Hidden below are mountain ranges and canyons that rival anything on land. There you will find the Earth’s largest habitat, home to billions of plants and animals — the vast majority of the living things on the planet.

In this little-seen world, swirling super-highway currents move warm water thousands of miles north and south from the tropics to cooler latitudes, while cold water pumps from the poles to warmer climes.

It is a system that we take for granted as much as we do the circulation of our own blood. It substantially regulates the Earth’s temperature, and it has been mitigating the recent spike in atmospheric temperatures, soaking up much of human-generated heat and carbon dioxide. Without these ocean gyres to moderate temperatures, the Earth would be uninhabitable.

In the last few decades, however, the oceans have undergone unprecedented warming. Currents have shifted. These changes are for the most part invisible from land, but this hidden climate change has had a disturbing impact on marine life — in effect, creating an epic underwater refugee crisis.

Reuters has discovered that from the waters off the East Coast of the United States to the coasts of West Africa, marine creatures are fleeing for their lives, and the communities that depend on them are facing disruption as a result.

As waters warm, fish and other sea life are migrating poleward, seeking to maintain the even temperatures they need to thrive and breed. The number of creatures involved in this massive diaspora may well dwarf any climate impacts yet seen on land.

In the U.S. North Atlantic, for example, fisheries data show that in recent years, at least 85 percent of the nearly 70 federally tracked species have shifted north or deeper, or both, when compared to the norm over the past half-century. And the most dramatic of species shifts have occurred in the last 10 or 15 years.

Fish have always followed changing conditions, sometimes with devastating effects for people, as the starvation that beset Norwegian fishing villages in past centuries when the herring failed to appear one season will attest. But what is happening today is different: The accelerating rise in sea temperatures, which scientists primarily attribute to the burning of fossil fuels, is causing a lasting shift in fisheries.

The changes below the surface are not an academic matter.

Globally, fishing is a $140 billion to $150 billion business annually, according to the United Nations’ Food and Agriculture Organization, and in some parts of the world, seafood accounts for half of the average person’s diet. But the effects of this mass migration in the world’s oceans are also much more intimate than that.

From lobstermen in Maine to fishermen in North Carolina, livelihoods are at stake. For sardine-eating Portuguese and seafood-loving Japanese, cultural heritages are at risk. And a burgeoning aquaculture industry, fueled in part by the effects of climate change, is decimating traditional fishing in West Africa and destroying coastal mangrove swamps in Southeast Asia.

Reuters journalists have spent more than a year collecting their stories and little-reported data to bring you this series revealing the natural disaster unfolding beneath the whitecaps.

VOA will be featuring stories from the Ocean Shock series over the few months.
…

Science

With Green Mosques and Schools, Amman Pushes for Zero Emissions

By Yscien on Wednesday, October 31, 2018

Poking above the bright pink bougainvillea that spills into the street, the lone minaret of the Ta’la Al-Ali mosque towers over the Khalda neighborhood of Amman.

Aside from its colorful stain-glassed windows and ornate calligraphy, this mosque stands out for another reason: its roof is covered with shining solar panels that make the building’s carbon emissions close to zero.

The structure is part of a wider effort by mosques – and many other buildings in the city – to capitalize on Jordan’s plentiful sunshine and shift towards renewable energy, in a bid to achieve Amman’s goal of becoming a carbon neutral city by 2050.

“Almost all the mosques here in Jordan now cover 100 percent of their energy needs” with renewable power, said Yazan Ismail, an energy auditor at ETA-max Energy and Environmental Solutions, a green consultancy in Jordan.

Amman is one of more than 70 cities worldwide that are aiming to become “carbon neutral” by 2050, meaning they will produce no more climate-changing emissions than they can offset, such as by planting carbon-absorbing trees.

Each is going about achieving the goal in its own way. But because cities account for about three-quarters of carbon dioxide emissions, according to the United Nations, and consume more than two-thirds of the world’s energy, whether they succeed or fail will have a huge impact on if the world’s climate goals are met.

Feeding the Grid

In Amman, the push to make mosques greener – which began in 2014, with backing from the Ministry of Religious Affairs – has been so successful that many are now selling excess energy back to the national grid, Ismail said.

For the Ta’la Al-Ali mosque’s imam, who speaks to the faithful in his Friday sermons about protecting the climate, the decision to adopt clean energy coincides with wider religious values.

“The main reason for the use of solar energy is religious duty,” said Ahmad Al Rawashdeh. Islam urges conservation of nature’s resources, he said, and “warns against extravagance.”

But the use of solar energy, and power-saving LED lightbulbs, also is helping the mosque financially, he admitted.

Amman, where temperatures already soar above 40 degrees Celsius (104 Fahrenheit) in the summer, has clear incentives to try to hold the line on global warming.

But renewables are far from the norm in most of the country.

Jordan still imports close to 96 percent of its energy, most of it polluting fossil fuels, from its Middle Eastern neighbors, according to the World Bank.

Government officials say they are going to change that.

“We are committed to reducing our greenhouse gas emissions by 40 percent by 2030,” Minister of Environment Nayef Hmeidi Al-Fayez told the Thomson Reuters Foundation.

The country aims to generate 20 percent of its energy from renewable sources by 2022, Al-Fayez said. It’s a target he thinks will be met early, in part as solar panels go up on the city’s homes, businesses and government buildings.

Earlier this year the Abu Dhabi Future Energy Company (Masdar) put in place $188 million in financing to develop Jordan’s largest solar power plant for the state National Electric Power Company.

The project is scheduled to go online in the first half of 2020, and will supply power to about 110,000 homes while displacing 360,000 tonnes of carbon dioxide annually, a statement from Masdar said.

Green Schools

On the other side of the city, the Al-Hoffaz international academy – one of the first schools to go solar in Amman, in 2013 – now gets almost 95 percent of its energy from renewable sources, said Khaled Al Salaymah, assistant general manager of the school.

At Al Hoffaz, children in orange and black uniforms chant their times-tables as they file down the stairs of the academy, one of about 100 schools in Amman seeking to lower carbon emissions.

“Based on our community and public responsibilities we want to reduce our emissions and carbon contribution urgently,” said Al Salaymah. “Also, there’s an economic dimension: we’ve reduced our energy consumption costs too,” he said.

Along with glimmering solar electrical panels covering the basketball court, the teachers’ car park and much of the roof, the school uses solar water heaters and recycles its waste while also prioritizing environmental education, he said.

“We hold awareness sessions for students, parents and teachers here to ensure they know the benefits of going green and using renewable energy,” Al Salaymah told the Thomson Reuters Foundation. “It’s not just installing solar panels. We want to be green in every way.”

He said he had noticed a rise in social awareness of the risks of climate change, particularly among young Jordanians.

“The mentality has changed,” he said.

Jordan is also trying to cut emissions from tourism. The country hopes to market itself as a haven for ecotourists keen to stay in zero-carbon resorts along the salty Dead Sea or near the UNESCO World Heritage site of Petra.

The Feynan Ecolodge sits on the edge of the Dana Biosphere Reserve, on the road to the ancient crimson carved city of Petra.

With solar appliances serving its 26 rooms and candle-lit corridors, the lodge is entirely off grid, and offers visitors the chance to feast on vegetarian food, stargaze or learn to bake bread beneath the hot sand.

Manager Nabil Tarazi said the lodge’s daily energy consumption was less than that of a two-bedroom apartment in Amman.

The lodge is part of a string of buildings backed by Jordan’s Royal Society for the Conservation of Nature (RSCN), including a similar resort north of Amman in the protected forest reserve of Ajloun.

Nestled among evergreen oaks, that lodge harvests rainwater and uses geothermal heating and cooling to keep its emissions at net zero.

Future Pressures

Despite Jordan’s efforts to cut carbon emissions, Amman faces big challenges, including a booming population, swollen by the arrival of more than half a million refugees fleeing conflict in neighboring Syria.

Arid Amman is also among the most water-stressed cities in the world – enough that Jordan is now looking into desalination plants to keep the taps running.

But the push for solar power may also help.

A May report by the World Resources Institute found that thirsty Middle Eastern and North African countries, including Jordan, could cut water demand by switching to solar power, which uses less water to produce than fossil fuel electricity generation.

Jordan’s Environment Minister Al-Fayez said he has confidence Amman – and the country – will continue pushing to meet their ambitious carbon-cutting goals.

“We’re always optimistic in Jordan. That’s the way that we survive,” he said.
…

Science

Kepler Telescope Kaput After ‘Stunningly Successful’ Mission

By Yscien on Wednesday, October 31, 2018

NASA’s elite planet-hunting spacecraft has been declared dead, just a few months shy of its 10th anniversary.

Officials announced the Kepler Space Telescope’s demise Tuesday.

Already well past its expected lifetime, the 9½-year-old Kepler had been running low on fuel for months. Its ability to point at distant stars and identify possible alien worlds worsened dramatically at the beginning of October, but flight controllers still managed to retrieve its latest observations. The telescope has now gone silent, its fuel tank empty.

“Kepler opened the gate for mankind’s exploration of the cosmos,” said retired NASA scientist William Borucki, who led the original Kepler science team.

Super Earths found

Kepler discovered 2,681 planets outside our solar system and even more potential candidates. It showed us rocky worlds the size of Earth that, like Earth, might harbor life. It also unveiled incredible super Earths: planets bigger than Earth but smaller than Neptune.

NASA astrophysics director Paul Hertz estimated that anywhere from two to a dozen of the planets discovered by Kepler are rocky and Earth-sized in the so-called Goldilocks zone — the habitable area around a star where the temperature would permit existence of liquid water. But Kepler’s overall planet census showed that 20 percent to 50 percent of the stars visible in the night sky could have planets like ours in such a habitable zone for life, he said.

The $700 million mission even helped to uncover last year a solar system with eight planets, just like ours.

“It has revolutionized our understanding of our place in the cosmos,” Hertz said. “Now we know because of the Kepler Space Telescope and its science mission that planets are more common than stars in our galaxy.”

Almost lost in 2013 because of equipment failure, Kepler was salvaged by engineers and kept peering into the cosmos, thick with stars and galaxies, ever on the lookout for dips in in the brightness of stars that could indicate an orbiting planet.

“It was like trying to detect a flea crawling across a car headlight when the car was 100 miles away,” said Borucki said.

The resurrected mission became known as K2 and yielded 350 confirmed exoplanets, or planets orbiting other stars, on top of what the telescope had already uncovered since its March 7, 2009, launch from Cape Canaveral.

In all, close to 4,000 exoplanets have been confirmed over the past two decades, two-thirds of them thanks to Kepler.

Kepler focused on stars thousands of light-years away and, according to NASA, showed that statistically there’s at least one planet around every star in our Milky Way galaxy.

Borucki, who dreamed up the mission decades ago, said one of his favorite discoveries was Kepler 22b, a water planet bigger than Earth but in an area where it is not too warm and not too cold — the type “that could lead to life.”

Successor spacecraft

A successor to Kepler launched in April, NASA’s Tess spacecraft, has its sights on stars closer to home. It’s already identified some possible planets.

Tess project scientist Padi Boyd called Kepler’s mission “stunningly successful.”

Kepler showed us that “we live in a galaxy that’s teeming with planets, and we’re ready to take the next step to explore those planets,” she said.

Another longtime spacecraft chasing strange worlds in our own solar system, meanwhile, is also close to death.

NASA’s 11-year-old Dawn spacecraft is pretty much out of fuel after orbiting the asteroid Vesta as well as the dwarf planet Ceres. It remains in orbit around Ceres, which, like Vesta, is in the asteroid belt between Mars and Jupiter.

Two of NASA’s older telescopes have been hit with equipment trouble recently, but have recovered. The 28-year-old Hubble Space Telescope resumed science observations last weekend, following a three-week shutdown. The 19-year-old Chandra X-ray Telescope’s pointing system also ran into trouble briefly in October. Both cases involved critical gyroscopes, needed to point the telescopes.

Hertz said all the spacecraft problems were “completely independent” and coincidental in timing.

Now 94 million miles from Earth, Kepler should remain in a safe, stable orbit around the sun. Flight controllers will disable the spacecraft’s transmitters, before bidding it a final “goodnight.”
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Economy

Facebook 3Q Revenue Slightly Below Expectations

By Yeco on Tuesday, October 30, 2018

Facebook is reporting a slight revenue miss but stronger than expected profit in its third-quarter earnings report.

Coming three months after the company’s stock suffered its worst one-day drop in history, wiping out $119 billion of its market value, the mixed results were perhaps not the redemption Facebook hoped for.

But shares inched a bit higher after-hours, suggesting, at least, that the social media giant didn’t further spook investors. With the myriad problems Facebook has been grappling with lately, this is likely good news for the company.

Earnings were $1.76 a share and revenue was $13.73 billion, an increase of 33 percent, for the July-September period.

Analysts had expected earnings of $1.46 per share on revenue of $13.77 billion, according to FactSet.

The company warned last quarter that its revenue growth will slow down significantly for at least the rest of this year and that expenses will continue to balloon. The following day the stock plunged 19 percent. It was the biggest one-day plunge in history, and the shares not only haven’t recovered, they’ve since fallen further amid a broader decline in tech stocks .

The problems have been relentless for the past two years. Facebook can hardly crawl its way out of one before another comes up. It began with “fake news” and its effects on the 2016 presidential election (a notion CEO Mark Zuckerberg initially dismissed) and continued with claims of bias among conservatives that still haven’t relented.

Then there’s hate speech, hacks and a massive privacy scandal in which Facebook exposed user data to a data mining firm, along with resulting moves toward government regulation of social media.

Amid all this, there have been sophisticated attempts from Russia and Iran to interfere with elections and stir up political discord in the U.S.

Facebook’s stock climbed $2.68, or 1.8 percent, to $148.90 in after-hours trading.
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Economy

US Presence at Cuba Trade Fair Dwindles Given Trump Hostility

By Yeco on Tuesday, October 30, 2018

A yellow excavator, forklift and other heavy equipment made by U.S. firm Caterpillar gleam outside Cuba’s annual trade fair, reflecting once-bright hopes for increased U.S.-Cuban commerce fanned by the 2014 detente between the old Cold War foes.

But inside the pavilion where U.S. firms present their wares, only eight have stands this year, according to a Reuters count. That is down from 13 last year and several dozen in 2015-16, underscoring the decline in U.S. business interest since Donald Trump became president.

Last year, the Trump administration tightened the decades-old trade embargo on the Communist-run island once more and sharply reduced staffing at the U.S. embassy in Havana due to a series of health incidents among U.S. diplomats.

“Trump has scared everyone off,” said Eduardo Aparicio, general manager of U.S. logistics company Apacargoexpress, operating under an exemption to the embargo allowing U.S. companies to sell food and medical supplies here.

Aparicio says he is struggling to find U.S. firms keen on doing business with Cuba given fears of reprisals from the Trump administration.

“Not that many things have changed with the Trump administration, but the outlook has. It no longer feels like we are advancing,” said Jay Brickman, vice president of Florida-based shipping company Crowley Maritime Corporation, which has been shipping to Cuba for 17 years.

“If you are a corporate executive who feels like nothing is happening, then eventually you look elsewhere.”

Brickman, Aparicio and others at Cuba’s premier business event said the country’s dire financial situation was another factor in declining U.S. business interest. Cuba is battling a cash crunch amid lower aid from ally Venezuela and weaker exports.

Brickman said Cuban orders via his firm were down 10 percent this year.

U.S. companies had embraced Cuba in the wake of the detente reached by former U.S. and Cuban Presidents Barack Obama and Raul Castro, jostling for a foothold in an opening market of 11 million consumers.

Lawyers working with U.S. firms interested in doing business with Cuba say the larger ones are taking a long-term view and remain keen.

Heavy equipment maker Caterpillar, for example, had lobbied to sell in Cuba for years before one of its dealers, privately held Puerto Rican company Rimco, said last year it was opening a distribution center here.

“This is the beginning of a lot of things to come,” Rimco Vice President Caroline McConnie said of the machinery displayed outside the pavilion.

McConnie said Rimco would look to rent as well as sell machines in Cuba given its cash crunch, and expected to announce its first two deals soon: one to rent equipment for quarries and another to sell marine motors for tugboats.

“We will benefit from the first movers’ advantage,” she said.
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Science

UN Sets Out Massive Benefits from Air Pollution Action in Asia

By Yscien on Tuesday, October 30, 2018

Asia could reap massive benefits in health, environment, agriculture and economic growth if governments implement 25 policies such as banning the burning of household waste and cutting industrial emissions, according to a U.N. report.

Air pollution is a health risk for 4 billion people in Asia, killing about 4 million of them annually, and efforts to tackle the problem are already on track to ensure air pollution is no worse in 2030, but huge advances could be made, the report said.

The report’s 25 recommendations would cost an estimated $300 billion to $600 billion annually, a big investment but loose change compared with a projected $12 trillion economic growth increase.

The publication of the report, “Air Pollution in Asia and the Pacific: Science based solutions,” on Tuesday coincides with the World Health Organization holding its first global air pollution conference in Geneva this week

The recommendations also included post-combustion controls to cut emissions from power stations, higher standards for shipping fuels, ending routine flaring of gas from oil wells, and energy efficiency standards for industry and households.

The biggest gains would come from clean cooking, reducing emissions from industry, using renewable fuels for power generation and more efficient use of fertilizers.

Huge improvements in post-combustion controls and emission standards for road vehicles were already anticipated because of recent legislation, although both could be improved further.

Indeed, India may halt the use of private vehicles in the capital New Delhi if air pollution, which has reached severe levels in recent days, gets worse, a senior environmental official said Tuesday.

Authorities in the capital have already advised residents to keep outdoor activity to a minimum from the beginning of next month until at least the end of the Hindu festival of Diwali on Nov. 7, when firecrackers typically further taint air choked by the burning of crop stubble in neighboring states.

Helena Molin Valdes, head of Climate and Clean Air Coalition Secretariat at U.N. Environment, said there was increasing political openness to taking action on air pollution and the report reflected three years of discussions with governments.

“What the governments were saying in the region was: ‘Don’t tell us we have a problem, we know there is a problem, how can we deal with it and what will it take to do it?'” she said.

The report estimates its recommendations would cut carbon dioxide emissions by 20 percent compared to a baseline scenario, potentially decreasing global warming by one-third of a degree Celsius by 2050, which would also be a contribution in the fight against climate change.

One billion people would enjoy high air quality, while the number exposed to the worst pollution would be cut by 80 percent to 430 million. Premature deaths would fall by a third.

Crop yields would benefit because of a reduction in ozone, which is estimated to have cut 2015 harvests by 10 percent for maize, 4 percent for rice, 22 percent for soy and 9 percent across Asia, a total of 51 million tons.
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Science

Soviet-Era Moon Fragments Could Reach $1 Million at NY Auction

By Yscien on Tuesday, October 30, 2018

Wealthy space buffs will have the chance to own three small particles of lunar matter when what Sotheby’s describes as the only known documented “moon rocks” to be legally available for private ownership hit the auction block in November.

Sotheby’s said on Tuesday it expects the fragments, retrieved from the moon by a Soviet space mission in 1970, could fetch between $700,000 to $1 million at the Nov. 29 auction in New York.

The pieces — a basalt fragment, similar to most of the Earth’s volcanic rock, and bits of surface debris known as regolith — are being sold by an unidentified private American collector who purchased them in 1993.

Sotheby’s said in a statement they were first sold in 1993 by Nina Ivanovna Koroleva, the widow of former Soviet space program director Sergei Pavlovich Korolev.

The fragments, ranging in size from about .079 inch x .079 inch (2 x 2mm) to .039 inch x .039 inch (1 x 1mm), were presented to her as a gift on behalf of the Soviet Union in recognition of her late husband’s contributions to the program.

Sotheby’s said that the particles, encased under glass with a Russian plaque, are both the only known lunar sample to have ever been officially gifted to a private party, and with documented provenance to be available for private ownership.

Collectors pay huge sums for space exploration artifacts.

Last year, Sotheby’s sold a zippered bag stamped with the words “Lunar Sample Return” laced with moon dust which was used by Neil Armstrong for the first manned mission to the moon in 1969, for $1.8 million.

That sale took place after NASA lost a court battle to retrieve the artifact from a private collection.

Most other known samples taken from the moon remain with the two entities that collected them: the United States during the Apollo 11-17 missions and the Soviet Union via the unmanned Luna-16, Luna-20, and Luna-24 missions.

A number of other countries were gifted with Apollo 11 samples and Apollo 17 goodwill moon rocks on behalf on the Nixon administration, and in most places the law bars transferring such gifts to individuals.

The particles being sold in November were retrieved in September 1970 by Luna-16 which drilled a hole in the surface to a depth of 13.8 inches (35 cm) and extracted a core sample.

They are encased under glass below an adjustable lens and labeled “ЧАСТИЦЫ ГРУНТА ЛУНЫ-16″ [SOIL PARTICLES FROM LUNA-16].”

Tests on similar samples have dated the bits as being as much as 3.4 billion years old.
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Month: October 2018