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Twin Bomb Attack Shatters Turkey with 38 Dead

Twin Bomb Attack Shatters Turkey with 38 Dead

The firing of machine guns and bombardment on the borders are normally expected scenes on the borders. Thus the border wars are historic form of wars with some ethics. But in the current position, we all are witnessing a war of inhumanity internally occurring in the cities around the globe.

One such catastrophic bomb explosion occurred in Turkey, on Sunday. A twin bomb blast left 155 people intensely wounded and killed 38 people near a football stadium in Istanbul. The wounded have quickly moved to hospitals in which about 12 are under extensive care.

The fans attending the match in Vodafone Arena Stadium had already left the place, due to which there was low casualties. The first bomb was exploded by a vehicle near the location of Special Forces at exit.

Authorities said, approximately 400 kg of explosives were used in the attack. Forensic team has been working hard to identify the element which relates to the attack.

The casualty includes majority of the policemen and civilians.

The nation claimed this attack as an extensive assault to devastate the actions carried by the security to knock down the terrorization. Suleyman Soylu, Interior Minister of Turkey, stated that “13 people have been taken under the custody as suspects of the attack.”

Ned Price, spokesperson for the White House National Security Council said, “We are with Turkey to fight against the terrorism and support global peace. ” Just after the attack, Turkey temporarily had shut down all the radio and television coverage due to nation security.

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News

White House Press Secretary: Obama Will Continue His Presidency Till January 20, 2017

White House Press Secretary: Obama

Josh Earnest, the White House Press Secretary, highlighted on Wednesday the need to ensure smooth presidential changeover and further added that Barack Obama, present US President, will continue his position till January 20, 2017.

Earnest notified in his White House speech that Obama will hold his Presidential position till January 20, 2017. The reason behind this decision is the thoughts that make him think about the challenges that Trump may face, hence the need of smooth presidential transition.

He was also surprised over the fact that people who voted for Obama, voted for Donald Trump in the elections.

Though Obama supported Hillary Clinton to defeat Trump, on Wednesday he expressed his thoughts and wished Trump luck for his further presidential journey to unite and lead the country in a better way.

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News

Average Social Security Benefits Will Increase by Less Than $4 Next Year

Retired folks have something to celebrate a little, today, as social security benefits are increasing. But don’t plan to throw a weekend bash: the increase is only about $3.92, or 0.3 percent. Currently, the average monthly social security benefit for a retiree is $1,305.30.

This might be up from last year (when inflation kept social security from expanding at all) but it is still, obviously, not keeping pace with cost of living. And, of course, the annual cost of living adjustment (COLA) went into effect all the way back in 1975.

Now, each retiree’s benefits are different. The averages can be higher depending upon their overall earnings history and how old they were when they first started to receive checks. Today, the maximum retirement benefit—at full retirement age—is $2,639 per month. And this benefit will only grow by $7.92 next year.

This may seem somewhat unfair—not to increase the benefit when inflation kicks in—but some argue that the inflation reading used for calculating the adjustment is a flawed one as retirees do not generally drive as much as younger people who commute every day do. Thus, retirees do not benefit as much from lower gas prices.

According to AARP, though, “Over the last five years, Social Security COLA’s have remained small or nonexistent. Every cent can matter to beneficiaries and their families. After last year’s zero COLA, this year’s announcement doesn’t offer much help to the millions of families who depend on their Social Security benefits.”
At the same time, though, retirees also spend more of their money on health care—and the prices for this continue to rise faster than inflation.

As such, AARP goes on to say, “As prescription prices skyrocket and Medicare premiums and other health costs increase, many older Americans have understandable concerns.”

Indeed, the unequal portion of higher Medicare costs has a lot to do with how the government structures Social Security law, which caps premium increases for 70 percent of current recipients that are based on COLA amounts. This leaves, of course, the other 30 percent of people to pick up what’s left of the tab.

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Featured News

How Close Are we to Self-Driving Cars ?

Self-Driving CarsThe race to develop autonomous vehicles has been a rocky one. While many car manufacturers and tech companies work furiously to lead the way, testing continues to expose how far we still have to go before these machines could become commonplace. In some ways, the public is confused over what “self-driving” cars can do; and in other ways, car manufacturers are not necessarily clear on how to market them.

Take Mercedes-Benz, for example. The luxury car manufacturer recently released a summer magazine ad which described a “self-driving car from a very self-driven company.” Later, the Daimler AG luxury automobile company featured an ad showing a prototype vehicle with passengers facing each other before then cutting to a current vehicle that had a limited automatic steering function. The ad inquired, “is the world truly ready for a vehicle that can drive itself?”

Unfortunately, E-class sedan featured in these ads was not a self-driving car. Instead, it was a vehicle which featured a similar, earlier version of this technology known as Drive Pilot. This feature can initiate a lane change with automatic turn signal activation; it can also warn of potential collisions and automatically brake if the driver does not engage in time.

Ok. Confusion aside, is the world, in fact, ready for a truly autonomous vehicle?

Well, it appears that Mercedes-Benz may be trying to answer this question another. The German automaker has also recently let it be known they have plans to build autonomous cars that are not necessarily for transportation, but can act more like smart assistants.

According to Daimler board of director’s chairman, Dr. Dieter Zetsche, “We’ve already begun testing community-based parking in Stuttgart together with our partners at Bosch [and] it works using car sensors that can find empty spaces along a road and then share the information with the Mercedes back-end database. That information,” he says, “is then shared with other Mercedes cars.”

The hope, he alludes, is that the new feature will remember certain aspects of operations and then, for example, be able to determine better navigation destinations and even allot work hours, set up meeting calls and remind about appointments.

Dr. Zetsche goes on to say that while everyone is talking about “digitalization and connected cars, software alone will not be able to take you from A to B. it is the total package,” he continues, “that will take you from A to B.”

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Featured News

Is Twitter For Sale, and Will Google Buy It?

twitterShares of mobile app Twitter surged on Friday after sources close to the issue noted that the ailing social media said the ailing social media company is moving closer to being sold.

These sources indicated that the company has, in fact, received expressions of interest from a handful of technology and/or media companies—some of which quite notable—and may soon receive a formal bid for a final sale.

Sure enough, potential suitors include the likes of the powerful Google and Salesforce.com entities, as well as a few other technology companies.

Specifically Twitter shares shot up in excess of 21 percent on Friday, despite the fact that it is not necessarily easy, right now, to determine the eventual value of the potential deal. However, some sources imply that the sale could be for around $26 per share, which is roughly $3.50 higher than the value at the close of the day, on Friday. Still, there are other reports that put the total bid range at a value between $18 billion and $30 billion.

Of course, the board of directors at Twitter are likely in desire of such a deal, as the app has been struggling to regain headway lost in the quickly saturating and highly volatile social media market. Still, even with this motivation, there has been no assurances that any deal, at all, could materialize; though one intimate source said that momentum is increasing and a deal could be reached by the end of the year.

Indeed, Twitter CEO Jack Dorsey is looking for a way to stabilize revenue. The company has, unfortunately, lost $3.2 billion over the last ten years. Even though Twitter’s revenue in the second quarter of this year increased by 20 percent—to $602 million—it is the smallest period of income the company has ever reported.

As such, S&P Global Market Intelligence equity analyst Scott Kessler comments, “We think such an acquisition could make sense. However, we could see some company leaders and shareholders perhaps wanting a price/valuation seen by would-be suitors as unrealistic.”
And these “would-be suitors” are believed to be interested not only in media company’s presence but also, and perhaps more importantly, the data that Twitter actually generates where it sits within the social media landscape.

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Business News

World Trade Organization Reports Massive Global Trade Rate Slowdown

world-trade-organizationThis week, the Geneva-based World Trade Organization drastically cut its forecast over trade growth this year by roughly one third to mark the lowest growth rate since 2009. This was a time when the global economy was riddled with a recession and a near financial crisis.

Updating its most recent forecast, on Tuesday, the world’s leading trade agency remarked that the growing anti-globalization sentiment could continue to obstruct growth. And if policymakers respond in a “misguided” manner, it could get much worse, and at an alarming rate.

More specifically, the WTO has adjusted its April prediction for global trade from 2.8 percent down to 1.7 percent; that’s a pretty big jump.

Accordingly, WTO Director-General, Roberto Azevêdo “The dramatic slowing of trade growth is serious and should serve as a wake-up call. It is particularly concerning in the context of growing anti-globalization sentiment.”

It could be entirely possible that the downgrade in growth rate is largely the result of an unexpectedly sharp drop in merchandise trade volumes through the first fiscal quarter. Of course, lower economic growth and trade in developing countries—like Brazil and China—and a deceleration in North American imports could also be at the core of this sharp decline.

Most importantly, though, if the WTO’s forecast is, in fact, accurate, it will be the first time in 15 years that global trade grows at a slower rate than the global economy. The WTO expects, in fact, the global economy to grow at a rate of 2.2 percent.
The WTO Director-General goes on to say, “We need to make sure that this does not translate into misguided policies that could make the situation much worse – not only from the perspective of trade, but also for job creation and economic growth and development, which are so closely linked to an open trading system.”
In addition to reducing this 2016 forecast, the WTO also cut its projections for next year: down from 3.6 percent to a range of 1.8 to 3.1 percent. As such, the agency now warns of several risks—like the effect of the British vote to leave the EU and growing anti-trade rhetoric around the world—that could further destabilize the growth rate.

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Featured News

Pandora Reimagines Business with new Pandora Plus Service to Compete with Spotify, Apple Music

pandoraWhen internet radio application Pandora first hit the scene, it was revolutionary. In a time when the music industry was in a major state of flux—and neither consumers nor executives knew what to expect from the future—a change was, in fact, in order.

Pandora was one answer to the file-sharing debacle that crippled the industry for several years. This service let users access thousands of songs for very little money, through a streaming internet service. And this model is prominently in use today by the likes of Apple iTunes, Spotify, and, of course, Pandora.

But Pandora’s service is not free. It is roughly $5 a month and while Spotify’s service is $10, they do have a free tier that is extremely competitive with Pandora. The free tier, of course, gives users access to the same library of music, but limits some of the features and launches the occasional audio ad.

Still, it is a free service.

So Pandora is launching a new product—Pandora Plus—to provide something more competitive; it will be $10 a month. Indeed, Pandora’s Tim Westergren comments that you simply cannot compete with [perpetually] free music; it is such a simple model that getting around is actually harder than it might seem. Still, he goes on to say, you have to solve the “simplicity riddle.”

As such, Pandora Plus features a new skip and replay features that provide users wih more skipping options and the ability to replay songs they like—the latter, of course, not exactly native to the original Pandora app. Nonpaying customers will see a new rewind icon in the lower left corner of the app that lets you start over the song you are currently listening to or go back to any song in your history. Similarly, Pandora currently only allows six song skips per hour, but now you can get more skips by watching an ad.

Paying members will have access to unlimited skips but also a new offline mode. This mode lets you access some music—from your most active stations—when you are not connected to the internet (like, say, on a plane or if you simply travel between networks and have trouble connecting).

Time will tell, of course, how well this model will compete with the likes of Apple Music and the industry leader, Spotify. Currently, Pandora One has 4 million subscribers so they do have a bit of catching up if they want to reach Spotify’s 40 million-strong user base.

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Featured News

Tech Data Corp Announces $2.6 Billion Purchase of Avnet Inc IT Solutions Group

Hi-Tech Data Center

This week, Tech Data Corp has made it known its plans to buy Avnet Inc’s technology solutions unit. The reported $2.6 billion dollar deal should help the company gain a foothold in the growing Asia market in addition to creating a “premier global IT distributor,” according to Tech Data Chief Executive Bob Dutkowsky. The deal actually includes $2.4 billion in cash as well as an approximate $194 million in Tech Data stock.

He says, “As a result of the enhanced value proposition created through this transaction, Tech Data will be even better positioned to capture opportunities in next-generation technologies, deliver differentiated value to our customers and vendor partners, support career development for our employees, and generate strong return for our shareholders.”

Dutkowski also notes, “[We] have competed with and admired Avnet Technology Solutions for many years. We are thrilled to start this journey together and are confident that our customers, vendor partners, employees, and shareholders will appreciate and benefit from the value that we will bring to the market.”

On the other side, Avnet reports its expect to see a gain of $3.75 to $4.75 per share from this deal. Just with the knowledge of this move, Avnet shares rose more than 8 percent in early morning trading—to reach $42.50—cancelling out much of its losses from earlier this year. Similarly, Tech Data shares rose 7.1 percent, to reach $74.25.

Tech Data is known industry wide as a distributor of technology products. This includes technology hardware and software, digital displays, mobile phones, networking equipment, and consumer electronics. Avnet has an operating group—Technology Solutions—which is a distributor of data center and information technology hardware, software, and suppliers. Of course, these make an excellent pair. Avent’s other unit, though, sells semiconductors, interconnect devices, and passive and electromechanical devices and other embedded products to manufacturers of electronic components.

In response to the deal, Tech Data has reported it will significantly add adjusted earnings per share, within the first year, once the deal closes. They also expect to achieve an annual cost savings upwards of $100 million within just the first two years. They detail that they should be able to accomplish this thanks mostly to technology platform efficiencies and through the reduction of duplicative functions and other corporate expenses.

Also, Tech Data has said they expect to realize approximately $200 million in tax benefits.

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Health News

Arthritis Drug Could Eventually Be Marketed to Treat Hair Loss

xeljanzA large part of the medical industry is drug research. Sure, doctors have to know how to diagnose and effectively treat disease, but much of the money that exchanges hands in this business has to do with pharmaceutical sales.

With that, though, those who research and develop treatments are constantly searching not only for the newest drugs that can address the most dire needs, but also looking for more ways to expand the viability of drugs they have. Sometimes they make these discoveries intentionally—by testing the drug in a variety of environments—and sometimes they make these discoveries completely by accident.

Regardless of how they figured it out, researchers are now saying that a drug which has been developed to treat rheumatoid arthritis may also have a positive effect on the autoimmune disease known as alopecia areata. Alopecia areata, of course, is an autoimmune disease in which the body’s immune system attacks the hair follicles, resulting in baldness.

According to researchers, the arthritis drug tofacitinib citrate—under the brand name “Xeljanz”—has been shown to prevent the immune malfunction. Perhaps more importantly, lead researcher Dr. Brett King says that they have also identified the genes that may help predict how well a patient might respond to the treatment.

The Yale School of Medicine assistant professor goes on to say that they currently doubt the drug will work for the most common type of hair loss (male pattern baldness) because that is not caused by an autoimmune disorder. And whether or not the regrown hair will last—or how long a person may have to take the medication—is not yet known.

He comments, “It may be that if we can treat people for long enough the condition might go into remission, but we don’t know the answer to that.” Obviously, it is still too early to tell.

Still, as far as the study is concerned, King (and colleagues) note that patients were treated only with 5 mg of Xiljanz twice a day for the whole of three months. He says that over that period, more than half of the patients experienced some hair regrowth. Also, more than one-third recovered more than half of the hair they had lost on their heads.

Perhaps, the best news: King said the side effects were mild.

This could open a new avenue not only for the drug but also for drug research and development, as we continue to learn more about genomics and the treatment of auto-immune disease.