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Economy is the last of this year's Nobels. The prizes for physiology or medicine, physics, chemistry, literature and peace were all awarded last week.
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The United States has dominated the economics prize, with American economists accounting for roughly half of laureates since the inception of the award. Indeed, between 2000 and 2013, U.S. academics won or shared the prize every year.
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While Americans have dominated the Nobel science and economics prizes, another category of researchers - women - have been few and far between. Indeed only one women - Elinor Ostrom in 2009 - has won the economics prize to date, and not a single women won any Nobel award in 2017.
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Asked about the disparity, the Academy's secretary general Goran Hansson said they were concerned about the issue and planned a conference with all nominators to discuss it.
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"Consider this a request for all nominators to also consider female scientists who have made contributions," he said.
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While few economists are household names, past winners have included Milton Friedman, in 1976, whose work is a cornerstone of current monetary policy, and James Tobin, in 1981, who proposed countries should tax financial transactions.
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GE just stole the crown jewels, and paid a costume-jewelry price.
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General Electric (NYSE:GE) stock is evolving.
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Doosan Engineering & Construction's HRSG unit: now part of General Electric stock. Image source: Doosan Engineering & Construction.
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Once a titan of the financial services industry, GE has spent the last few years reinventing itself, and returning to its industrial roots -- with a particular focus on the energy industry. That evolution moved one step farther along last week, when GE announced that it is buying the Heat Recovery Steam Generator (HRSG) business away from Korean giant Doosan Engineering & Construction (DEC) for $250 million.
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As we've noted in recent writings, GE has enjoyed some measure of success from its recent energy investments. As fellow Fool Justin Loiseau pointed out last month, GE's renewable energy business "enjoyed the most organic order growth of any unit" in the company last quarter. It only makes sense, therefore, that the company would double down on that success with an investment in heat recovery, which by its very nature is a business focused on energy efficiency.
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Within a combined-cycle power plant, heat recovery steam technology allows a power generator to capture the exhaust heat (i.e. "waste heat") produced by a gas turbine, and use it to heat water and drive a steam turbine to produce additional power output -- from the same fuel input. So what HRSG's equipment does, in essence, is produce free power, and GE says this tech "can help generate up to 33 percent of the power output of the plant."
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That sounds like a good thing. But what about the price that GE is paying to acquire HRSG?
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Valued at $239 million today, DEC shares have fallen 26% since it was learned last week that General Electric is acquiring HRSG. But why was that? After all, the $250 million that GE is paying for HRSG was worth nearly 80% of DEC's whole market cap when the deal was announced. Shouldn't that cash infusion have made DEC shares go up and not down?
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Well, according to data from S&P Global Market Intelligence, DEC is itself only a small company, and not a very successful one. Although it does $1.5 billion in annual sales, those sales resulted in a $443 million loss for the company last year. So right off the bat, you can guess that DEC was not well positioned to strike a hard bargain with GE.
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And here's the key point: Full-year financials on DEC are not yet available, but according to what S&P Global does know about the company, DEC's HRSG unit did $132 million in revenue through the first nine months of 2015. That made it DEC's smallest major operating unit but, at an operating profit margin of 8.4%, DEC's most profitable business.
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Bluntly stated, what GE has done here is that it negotiated to buy away one of DEC's few profit-making businesses, and leave behind most of DEC's money-losing ventures. In exchange, General Electric will pay about 1.4 times sales for HRSG (GE's own price-to-sales ratio is 2.3), and acquire a business with an 8.4% operating profit margin, more profitable than its own 7.5% operating margin.
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Translation: General Electric just bought DEC's crown jewels, and paid a costume-jewelry price for 'em. While small, this is a very good deal for General Electric stockowners, indeed.
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DOVER, Pa. - "It affects what you can’t see, it affects what’s on the inside."
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Brooke Evans, senior at Dover High School in York County, sees it every day. Almost a decade ago, her sister was diagnosed with the fourth-most common neurological disorder in the United States--epilepsy.
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Senior Kirsten Freyer knows the disease's affects, too.
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"My uncle has epilepsy and my cousin, his son has epilepsy. They found he had epilepsy when he was found unconscious on the playground," Freyer said.
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Junior Lexi Lunsford's father fights his own battle with the disease as well.
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These three girls, along with other students at the high school, use their common links to the neurological disorder to raise money to fight it. November is National Epilepsy Awareness Month. The girls, all leadership members of Dover's DECA program (a non-profit organization across high schools worldwide), in coordination with the rest of the high school are asking residents to "Purple Up" for epilepsy awareness.
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The shirts will be sold in the first week of November, along with other activities throughout the semester. You can find all of the information on their Facebook page.
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dream home. Approximately 10 miles from Westminster and about the same from Toccoa, Georgia. So shopping is just minutes away.
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A MAN suspected of stealing furniture from bars and restaurants in Roquetas de Mar is under arrest.
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Guardia Civil detained 37-year old local resident J.B.L. on charges of breaking into five establishments in the area and taking tables and chairs.
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Investigations were launched in February following a restaurant owner’s report someone had got away with 12 chairs and two tables, one of them aluminium. The facts were very similar to four other cases involving the theft of 60 chairs, 16 tables and four sofas in all.
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Investigating officers established the robber would park a van close to the establishments, load it up with the stolen furniture and make off. They managed to locate the vehicle based on information from the public, leading to the suspect’s arrest.
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The Guardia has so far managed to recover eight of the stolen chairs and two tables, which the 37-year old had sold to a neighbour for their home.
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Attorney General Roy Cooper has named a new director of the Criminal Justice Standards Division.
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Steven Combs, age 45, will assume his new post effective December 2. Combs will oversee the Criminal Justice Standards Division, which administers the Criminal Justice Training and Standards Commission's mandatory certification program for all sworn police officers in North Carolina. The Commission sets employment and professional training standards for police officers and certifies officers who have met these standards.
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Prior to his new appointment, Combs has served as an Assistant Special Agent in Charge for the State Bureau of Investigation in its Jacksonville office. He has been with the SBI for 15 years.
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Combs holds a Bachelor of Arts degree in Criminal Justice from East Carolina University and has completed specialized training in law enforcement management through the North Carolina Justice Academy.
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Combs served previously with the Raleigh Police Department and in the US Coast Guard Reserves.
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He will succeed Windy Hunter, who has served as acting director since Wayne Woodard�s retirement last year.
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A native of Jacksonville, Combs currently lives in Jacksonville with his wife and two sons.
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The Criminal Justice Education and Training Standards Commission was created by the NC General Assembly in 1971 as the Training and Standards Council to oversee education and employment requirements for police officers. The Commission is currently made up of 31 members appointed by the Governor, legislators, the Attorney General, and law enforcement groups.
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The president explained during his speech that after being sentenced to 35 years for selling crack cocaine and other offenses, Matthew Charles was released early last month.
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Charles said Wednesday on America's Newsroom that being a guest of the president's Tuesday was "a remarkable time."
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"It was something I'll remember for the rest of my life. In my 52 years of living I've never experienced anything like it," he said.
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According to the White House, Charles found God while in prison "completed more than 30 bible studies, became a law clerk, taught GED classes and mentored fellow inmates."
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Trump described the First Step Act Tuesday as a chance for nonviolent offenders to "reenter society as productive, law-abiding citizens."
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The law, which is short for the "Formerly Incarcerated Reenter Society Transformed Safely Transitioning Every Person Act," assesses the risk of incarcerated individuals to re-offend, and also provides them with incentives to engage in recidivism reduction programs.
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Charles said Wednesday that he was ecstatic over the bipartisan support the law received, and that it was remarkable to watch Trump sign the law.
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"If [people] actually change and take advantage of the opportunities that lie before them, society will give them a second chance," he said. "They will walk beside them hand-in-hand if they're willing to take the advantages of those opportunities that lie before them."
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Charles said that he believes 70 percent of people incarcerated have been over-sentenced, and that nearly half of that group have changed like he did.
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He said that he looks forward to continuing to be a voice for criminal justice reform and to help the poor, the homeless and single-parent families.
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The Royal Mint has unveiled the new portrait of the Queen on UK coins.
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It's the fifth time her face has changed in 63 years and is the first time her portrait has been modified in 17 years.
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The new "heads" side of the coin has been designed by Jody Clark who at 33 is the youngest person to design a monarch's profile on the currency.
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Coins with the Queen's new image will enter circulation later this year.
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Ian Rank-Broadley redesigned the picture of the Queen back in 1998, which means all coins dated since then contain his work.
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The end of the other royal family?
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He told Newsbeat: "It's not an easy job to render the monarch's features as nobody wants to look older than they are.
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"If you're approaching your nineties you don't want millions of people to think that you're approaching your nineties."
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Do you know what the seven inscriptions of the £1 coin mean?
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Ever spotted "IRB" on your pound coin?
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Above the Queen's head it says D G REG F D or DEI GRA REGINA FID. The D G REG has been shortened from 'Dei Gratia Regina' which is Latin for 'By the Grace of God, Queen'.
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The F D stands for 'Fidei defensor' which is also a Latin phrase and means 'Defender of the Faith' which reflects her position as Supreme Governor of the Church of England.
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It might be an exclusive club to have your design on a coin but the Royal Mint is currently going through competition entries from the public too.
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There are a lot more "tails" designs than there are "head" designs. There have been 21 £2 coin tail designs, 23 £1 designs and 50 50p designs (including 29 designs for London 2012 Olympics).
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•"An ornament and a safeguard"
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•"No one provokes me with impunity"
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•"True am I to my country"
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•"What shall we give in return for so much"
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•"The Red Dragon shall lead"
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•"It is vain without the Lord"
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CHARLOTTE, N.C., Nov. 10 (UPI) -- Aaron Brooks capped a 91-yard drive with a seven-yard pass to rookie Donte' Stallworth with 31 seconds remaining Sunday, lifting the New Orleans Saints to a 34-24 victory over the Carolina Panthers.
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Boasting an offense that ranked second in the league with 32 points per game, the Saints were held without a first down on their first six possessions of the second half.
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But with his team trailing by four points, Brooks made all the big throws on a 10-play, game-winning march that took three minutes.
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Brooks went five of seven for 81 yards on the drive, including a 38-yard completion to Stallworth to the Carolina 10. They hooked up on the winning score when Stallworth made a leaping catch in the left corner of the end zone.
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"During the course of the game, you don't think about what they have done," said Brooks, who finished 20 of 37 for 259 yards.
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"We just wanted to get back on top and win. We were really shut out in the second half. We had several options and Donte' made a great adjustment to make the catch."
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"I was probably one of the last reads," Stallworth said. "That is why they drafted me, to make plays annd help this team win."
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Rookie defensive end Charles Grant sealed the win by returning quarterback Rodney Peete's fumble 34 yards for a touchdown on the game's final play.
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Deuce McAllister rushed for two touchdowns for the Saints (7-2), who tied the idle Tampa Bay Buccaneers for first place in the NFC South. New Orleans is off to its best start since 1992.
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"I've got to give my team credit, it wasn't a pretty win," Saints Coach Jim Haslett said. "We didn't play smart in some areas. Any time you play on the road in a place like this with a tough defense, it is a tough game."
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Returning after missing two games with a knee injury, Peete passed for 310 yards and two touchdowns, but could not prevent the Panthers (3-6) from suffering their sixth straight loss. Five of the losses have come in the final four minutes.
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"All I can say it that it is very unfortunate we have had it happen more than enough this year," Panthers first-year coach John Fox said. "We are not making the plays down the stretch, particularly on defense when we need to make a stop. You got to be tough minded. You've got to finish. You've got to overcome things."
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It looked as if the Panthers would not suffer another tough loss when Reggie Howard intercepted Brooks deep in his own territory on the Saints' final drive. But the play was nullified on an interference penalty on Howard.
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The Saints also benefited from a holding penalty on cornerback Terry Cousin, nullifying a sack by rookie Julius Peppers.
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Peppers had a sack earlier in the contest, giving him 10 on the season and moving him within four of Jevon Kearse's rookie record.
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"The game is never over with us, things just didn't go our way again," Peppers said. "I was thinking we were going to win. It wasn't taken from us, we gave it away. It is hard and frustrating at the end of the game. We have to get tougher. We have to finish."
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Helped by the defensive miscues, Brooks converted third and six with a 19-yard connection to Joe Horn. He also found tight end Boo Williams for 12 yards, moving the ball into Carolina territory before finding Stallworth down the sideline for 38 yards. Two plays later, he connected with the rookie for the winning score.
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Carolina got the ball back after Stallworth's score, but Peete was hit by Darren Howard and Grant scooped up the ball.
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Peete had a solid game in his return to the lineup, completing 23 of 40 passes while providing a spark to the Panthers, who had failed to register an offensive touchdown in their last two games.
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Peete got the Panthers their first offensive touchdown in 13 quarters, capping an eight-play, 80-yard drive with a three-yard pass to tight end Jermaine Wiggins with 34 seconds left in the first half, pulling Carolina within 13-7.
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Lamar Smith, who was held to minus two yards rushing on five attempts in in the first half, broke off a 59-yard run on the Panthers' first possession of the third quarter.
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The Panthers had a first and goal at the two, but were stopped on three straight runs and Shayne Graham kicked a 19-yard field goal.
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Peete moved the Panthers 61 yards in six plays on their later drive in the quarter, including a 35-yard connection to Kris Mangum to the one. This time, Smith powered over to give the Panthers a 17-13 lead.
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But with their offense playing well and their defense dominating, the Panthers committed a blunder on special teams when Todd Sauerbrun had his punt blocked deep in his own territory by Steve Gleason.
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Two plays after the block, McAllister scored on a four-yard run to give the Saints a 20-17 lead with 1:35 left in the third quarter.
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McAllister, who entered third in the NFL in rushing, gained 71 yards on 12 attempts. He has 907 yards and nine rushing touchdowns in nine games.
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It was defensive struggle in the fourth quarter until Peete engineered a seven-play, 79-yard drive. He kept the drive alive with a quarterback sneak on fourth and one from his own 42 and found Muhsin Muhammed for 42 yards to the New Orleans 15.
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Peete capped the drive on the next play, finding Wesley Walls for a touchdown that gave the Panthers a 24-20 lead with 3:31 remaining. But the defense could not hold the lead.
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On Friday, an Immokalee woman who lost her home due to damage from Hurricane Irma met the volunteers who are building a new home for her and her six-year-old nephew.
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IMMOKALEE, Fla. (WFTX ) — On Friday, an Immokalee woman who lost her home due to damage from Hurricane Irma met the volunteers who are building a new home for her and her six-year-old nephew.
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“Hurricane Irma destroyed our home, to the point where it had to be demolished,” said Debbie Coe.
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