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The Australian Securities Exchange (ASX) website for market trading information and company announcements suffered a four-hour outage this morning from a cause that has yet to be determined.
The ASX said there was an issue noticed at 8.20am AEST this morning, with the internal database that sends information to the ASX's public website. For the public, the website said it was down for maintenance.
An ASX spokeswoman said that the issue did not disrupt normal market trading or company announcements.
The site came back up at 12.08pm AEST, and the ASX spokeswoman said that announcements are now up to date, and an investigation will be conducted into what caused the outage..
"At this stage, ASX is confident it is an internal technical issue. ASX regrets the inconvenience caused to customers that use its website," she said.
Researchers from the University of Turku and University of Palermo studied the ecology of investors in the financial market. The research results were published in the Palgrave Communications journal.
The ecology of investors is a well-known concept that has mainly been used in the modelling or simulation of financial markets. The Finnish-Italian research group studied the ecology of investors on a more extensive scale using data from actual markets.
“Traditionally it has been thought that the stock market is efficient and the investors are completely rational and process all the available information quickly. However, many external incentives and internal factors can influence people’s behaviour and decision-making ability – also in the stock market. When studying financial markets, the adaptive market hypothesis has in the last 10-15 years risen as an alternative to the efficient market hypothesis. According to the adaptive market hypothesis, the investors compete in the stock market with constantly renewing and changing strategies that take into consideration the state of the markets and the surrounding financial circumstances. As a result, we can talk about the ecology of investors in the financial market where they compete for scarce resources and survival,” explains University Research Fellow and Docent Jyrki Piilo from the Department of Physics and Astronomy who led the research group at the University of Turku.
So far, there are only a few studies on the ecology of investors which incorporate empirical data, as actual data on the trading of individual investors over a long period of time is not extensively available.
Piilo’s research group conducted the research together with a group from the University of Palermo composed by Federico Musciotto and Luca Marotta and led by Professor Rosario N. Mantegna, a pioneer in econophysics. The Finnish-Italian research group studied the ecology of investors in the financial market by examining the trading of individual investors with Nokia stock in 1995-2009. This period includes, for example, the dot-com bubble at the turn of the millennium and the financial crisis of 2008.
The research results strengthen the assumption that the adaptive market hypothesis exists in the financial market and demonstrates the long-term market ecology of investors.
The research based on actual data utilised the methods of network theory. For each year, the researchers constructed investor networks with links between the investors who used similar strategies in trading. In these networks, the researchers detected clusters of investors who had many links with each other but only a few to investors outside the cluster. Therefore, it was possible to study how the network of investors and the clusters within it changed and developed during the 15-year period.
The results show that the groups of investors can remain together from a few months to 12 years. The groups can also merge together or split up when the conditions change. Some groups often had an over-representation of investors from certain sectors, such as households or governmental organisations. Also the size of the clusters changed significantly in different years – the largest detected cluster consisted of 425 investors in 2005.
The results also clearly implicate that the number of strategies used in the markets and the volatility of the markets are connected: prices changed more evenly when investors used less strategies.
“And vice versa: the more there are strategies, the more the prices fluctuate. However, on the basis of the study, we cannot draw conclusions on which one is the cause and which one the effect,” says Piilo.
The observations in the study help in understanding the operation of financial markets as well as their connection to theoretical models. It also opens new lines of inquiry into the connection between the volatility and number of strategies.
Jeremy Hunt is all over the media this morning saying numbers. The numbers do not mean anything, or rather – they do not mean what he suggests they mean. But that will not stop him.
He is inventing a problem, which he can then fix with a solution which anyway does not correct the problem he has invented.
The coalition is intent on addressing the problem of health tourism. The evidence suggests there is no health tourism problem, so they have invented some numbers to suggest the imaginary problem can be fixed. That sounds quite mad, and indeed that is a satisfactory description of what is being done.
Hunt believes £500 million can be recovered from overseas visitors and migrants by imposing a £200 levy on non-EU migrants. This would plug a quarter of the £2 billion gap in funding lost to health tourism, according to his report.
These numbers do not correspond to previous estimates of health tourism, which the NHS put at £12 million, roughly 0.01% of its budget. That figure was itself quite dodgy, being just the sum total of the £33 million spent on foreign nationals a year which is written off by the NHS. This could be for a number of reasons, not least because the patient died or cannot be traced.
But even the new numbers do not justify the reporting that has been devoted to them. The £2 billion figure is nonsense. It relates to the total cost of treating foreign visitors and temporary migrants, many of whom pay tax and are entitled to treatment, such as foreign students. Hunt's mock-compassionate, ever-so-reasonable 'we're only trying to claw back a quarter of it' message is pure hogwash. The new figures suggest those who come to the UK specifically for health care and then leave cost £70 million a year (0.06% of the NHS budget).
But even if this new figure is accurate - and there's no reason to think it is - it's far from clear the coalition proposals would do anything about it.
As Dr Chaand Nagpaul, chairman of the British Medical Association's GPs committee, points out, the £500 million figure does not include the cost of implementing the scheme.
And this is quite the project. GPS are being asked to implement and administer a charging system based on careful vetting of every patient. It does not sound cheap.
Furthermore, there is evidence that schemes such as this actually encourage service use.
Take this example, from Steven Levitt and Stephen Dubner's Freakonomics.
Economists did a study of ten day-care centres in Haifa, Israel, where parents were often late picking up their kids – much to irritation of the managers. For four weeks, the economists kept track of how many parents were late picking up their children. There were eight late pick-ups per week, per day-care centre. In the fifth week a $3 fine was enacted per child per incident, to be added to the parents' $380 monthly bill.
Once the fine was implemented, the number of late pick-ups shot up to twenty per week, well over double the original number.
Once people pay for something, they think they are entitled to it. They had turned an informal inconvenience into a commodity – a $3 charge for a bit of flexibility in a parent's day.
The same incentive will apply to non-EU migrants. Having already been forced to pay the not-insubstantial levy, they will be encouraged to make use of NHS services. And just one outpatient appointment costs the NHS £200, instantly negating any benefit the levy may have had.
Claire Gerada chair of the Royal College of GPs, said admin costs could actually outweigh the savings. She estimates staff costs alone would be £500 million. Furthermore, failing to treat people early means they are more likely to turn up at A&E, which costs the NHS three times as much as a GP visit.
Or worse, imagine they do not get treatment and spread the disease. The long-term costs to the NHS, and society at large, are much higher.
It is an absurd situation to be in, seeing cooked-up numbers create a problem for which a counter-productive solution can be applied. Welcome to the strange, disturbed world of Jeremy Hunt and Theresa May. One might think we have enough real problems for them to be dealing with.
With its outstanding scenery and abundant wildlife, the Kingdom of Swaziland, aka, Eswatini is a nature lover’s paradise.
Known for being especially friendly and laid-back, the Swazi people are committed to preserving their culture in the face of modernization, which means that traditional customs play a large part in everyday life.
Visitors to Swaziland are in for a unique and authentic African experience.
One of the world’s few remaining monarchies, the tiny country, which is almost completely surrounded by South Africa, has no shortage of hiking, biking, and horseback-riding opportunities, and its many national parks offer glimpses of everything from rare birds to endangered black rhinos.
Home to rare species like the black rhino and the Nguni breed of cattle, as well as antelope, elephants, and a host of other animals, this small, private reserve in southeastern Eswatini is also notable for its many mkhaya, or knobthorn, trees, which bear a type of fruit that Swazis use for brewing beer.
This secluded park in the Ezulwini Valley, in central Eswatini, is known for its relaxed atmosphere and lovely hiking trails through grasslands, eucalyptus forests, and some of the highest points in the kingdom. Catch glimpses of giraffes, zebras, and more on self-guided tours, horseback, or in open Land Rovers.
Located just north of Mbabane, Eswatini’s most famous geological feature is a huge granite dome rising out of the countryside. Thrill seekers may scramble up the nearly 1,000-foot rock and its surrounding boulders; the less adventurous may check out the Bushman paintings marking the rocks at the summit.
The country’s least touristy park, in the northwestern highlands, is full of excellent finds: ancient mountains streaked with waterfalls, nearly 300 different species of birds, and the world’s oldest mine.
Ngwenya means ‘crocodile’, referring to a large croc-shaped mountain along Eswatini’s western border. The Ngwenya mine, which lies inside Malolotja Nature Reserve, holds the oldest iron-ore workings in the world, dated to 43,000 years ago.
Hippos, wildebeests, and more roam freely in this small reserve in northeastern Eswatini; the southern portion is free of predators, so visitors may explore a handful of trails on foot.
This park near the Mozambique border is so large that it comprises both dry savannas and tropical forests; it’s widely regarded as one of the best, most varied hiking spots in the country.
The country’s royal heartland and tourism center is worth a quick visit for its gorgeous views of the surrounding mountains and its fantastic selection of locally made handicrafts.
You’ll find leopards, lions, cheetahs, and other awe-inspiring animals at this park near the former royal hunting grounds.
A historic town in the northern part of the country, Bulembu, which once housed a thriving mine, provides a fascinating look back in time, with its abandoned homes, Art Déco buildings, and long cableways. The nearby mountains are thought to be some of the oldest in the world.
The ideal time to travel to Eswatini is between the months of May and October. Try not to visit the country at any time between November and April, when it’s hot and rainy and there’s an elevated risk of contracting malaria, or in December and January, when crime often spikes.
Visas: Visas are not required for tourists and business travelers visiting Eswatini for fewer than 60 days. Most people traveling to Eswatini enter through South Africa. Travelers heading to South Africa are strongly encouraged to have several unstamped visa pages in their passports.
Transportation: There are flights to Eswatini (landing at Matasapha International Airport) from Johannesburg and Durban in South Africa and from Maputo in Mozambique. There’s also a reliable network of buses and minibuses throughout the country and private taxis in Mbabane, the Ezulwini Valley, and Manzini.
Mr. Li Huaijing has been serving as Chairman of the Board in Giti Tire Corporation since March 13, 2006. He is also General Manager and Director in an investment company, as well as Director in an Anhui-based tire company.
Mr. Chen Yingyi has been serving as Vice Chairman of the Board in Giti Tire Corporation since June 2, 2006. He is also Chairman of the Board in an investment company, Vice Chairman of the Board in a Singapore-based electronic company, as well as Director in an Anhui-based tire company.
Mr. Wang Zhenbing has been Chief Financial Officer in Giti Tire Corporation since March 2, 2019. He is also Deputy Chief Accounting Officer in a Fujian-based tire company. He holds a Bachelor's degree.
Mr. Zhong Yingcai has been Deputy General Manager in Giti Tire Corporation since August 2004. He holds a Master's degree.
Mr. Huang Wenlong has been Director in Giti Tire Corporation since February 23, 2012. He was General Manager and Chief Financial Officer in the Company. He is also General Manager-Capital Division in an investment company.
Mr. Liao Xuanwen has been Director in GITI Tire Corporation since November 7, 2006. He is also General Manager and Director in an Anhui-based tire company.
Mr. Wu Zhimin has been Director in Giti Tire Corporation since April 17, 2006. He is also Executive Director in an investment company, as well as Director in an Anhui-based tire company.
Mr. Chen Yonghong has been Independent Director in Giti Tire Corporation since May 21, 2009. He is also Chairman of the Board in an accounting firm.
Mr. Hu Honggao has been Independent Director in GITI Tire Corporation since May 21, 2009. He is Professor in Fudan University, China.
Mustafah Arnab’s hands were cold, pruned and shaking as he tore away the thin plastic film protecting his smartphone. He had spent nearly four hours aboard an overcrowded rubber boat crossing the Aegean Sea from Turkey to Greece. The 25-year-old Syrian doctor from Damascus, who was making his way to friends in Germany, was desperate to do two things: message his family and take a selfie. He turned to me as his phone powered on. “I will take a selfie with you,” he exclaimed, relieved and eager to relay news of his safe arrival in Greece.
Refugees fleeing war-torn territory have come to rely on their phones to make a passage to a better life. They use messaging apps such as WhatsApp, Viber and Line to communicate with loved ones back home. They navigate border crossings via Google Maps and Facebook Messenger. Their travails are documented on Instagram. A smartphone is often the only item they carry.
The European refugee crisis is the first of its kind in a fully digital age, and that has changed how the exodus is unfolding. With each border crossing, there is a race to find a new signal, a new local SIM card or a public wi-fi network. Wasem Farra, 34, stares blankly into his phone while waiting in line for a bus just over the Serbian border in Roszke, Hungary. No luck. “I’m trying to catch Internet,” says Farra, who is from Dara‘a, Syria. “I want to call my mother and tell her we are here. They are afraid about us. We want to tell them we are O.K.” Farra is trying to get to Germany with seven people, including his sister.
Many refugees are using apps as pathfinders, devices to show them the best—or least dangerous— way west. “We heard the police will catch you if you go through the fields,” Ali Sheikhou, 30, tells me in Roszke. His phone is tethered to a battery pack, glowing blue through his jacket. It’s all he has with him from home. A friend traveling ahead of him has been advising Sheikhou, via WhatsApp, about the conditions of the camps in Hungary, which he found abysmal. “We don’t want to go to the camps,” Sheikhou concludes.
Technology can also quickly become a lifeline. Thousands of refugees have lost their lives on sea journeys—and Kinan al-Khatid tells me he knew the risk. Instead of wrapping his phone in plastic or securing it inside a balloon as many others have done, he had typed out an SOS message and readied himself to send it to three programmed numbers along with his group’s exact GPS position the moment something went wrong: “Please help us—save us.” He says that ultimately he didn’t have to hit send.
This is a new phenomenon, says Peter Bouckaert, Human Rights Watch’s emergencies director. “Most of the Syrians fleeing are educated and urban, so they have the funds and the exposure to use smartphones effectively,” he wrote in an email.
Refugees take a selfie after arriving on the island of Lesbos in Greece.
And then there is digital scrapbooking. On the coast of Lesbos, Greece, the moment refugees land safely ashore, smartphones appear and the taking of selfies begins. “We want memories from the bad trip we had,” says Mehar Ahmed Aloussi, 30, from Damascus. “When I go and settle down in another country, I want to remember my way.” Cell phones create an endless need for electricity. Inside Keleti Station in Budapest, where refugees camp out while waiting to catch trains to Austria, there’s been an outpouring of expected donations: food, water and tents. One area is overflowing with shoes, another with clothing. But the most in-demand area by far is a small wooden table manned by a couple of Hungarian volunteers. Above them is a sign, handwritten in English and Arabic, that reads free wi-fi. A half-dozen batteries are ducttaped to the rickety wooden table, white wires flowing in every direction.
Power and wi-fi were in such demand at Keleti Station that Greenpeace Hungary set up an even larger tent to provide both. It is packed from the moment it opens in the morning to closing time at the end of the day. Greenpeace Hungary’s Reka Hunyadi says the need to communicate can seem as dire as the need for basic supplies.
GEN. HARTMANN Reliable, probative, and in the best interest of justice.
SEN. GRAHAM And that judicial decision by that judge can be appealed to the civilian courts?
GEN. HARTMANN That's correct. It can be appealed to the civilian courts after going through the military process.
SEN. GRAHAM It is my understanding that every detainee at Guantánamo Bay, Senator Durbin, will have their day in federal court; that every decision by the military will be reviewed by the D.C. Circuit Court of Appeals, and that is ongoing right now.The difference I have with you, my friend, is I don't want to turn over to the federal judges in this country the ability to determine the enemy for us in the first instance, because they're not trained to do so. That is a military decision.
But I do not mind any judge in this -- any appellate court in this land looking over the shoulder of these gentlemen here to make sure they get it right. I think that is the sweet spot for this country. Now, when it comes to whether or not there's political influence on these trials, Senator Feinstein, I want to get to the bottom of this.
Now, I know Moe Davis and I know you I've been an Air Force JAG for 25 years. I respect you both. And I want to find out the best I can what's going on down there. But I would like to just tell my good friend Senator Durbin, if we close Guantánamo Bay -- and maybe we should -- where do we send them and what do we do with them? And the only thing I ask of my colleagues is that as we try to correct the process and improve it -- and I think there's ways that we can go forward to make it better -- please don't lose sight that the people that we're dealing with, the truly guilty, are warriors, not domestic common criminals.
And those who've been caught up in this net of trying to find out who the enemy is, some of them are probably either on the fringes or just at the wrong place at the wrong time, and that's been the nature of war as long as man has been engaged in war.
What I'm looking for is not the outlier case where they went back to killing Americans -- because if you do that, nobody ever gets released -- or the idea that they're all victims and just at the wrong place at the wrong time. All we can hope to find as a nation is a process that will be flawed, but still adheres to our values. And I think we're very close to that process being correct in terms of us being at war. Now, one of the issues facing this country is waterboarding.
General Hartmann, do you believe waterboarding violates the Geneva Convention?
GEN. HARTMANN I was asked that earlier, Senator. And with regard to this entire issue, we start with the following premise: torture is illegal in the United States.
SEN. GRAHAM We have a downed airman in Iran. We get a report that the Iranian government is involved in the exercise of waterboarding that downed airman on the theory they want to know when the next military operation may occur. What would be the response of -- what should be the response of the uniformed legal community regarding the activity of the Iranian government?
GEN. HARTMANN I'm not equipped to answer that question, Senator.
SEN. GRAHAM You mean you're not equipped to give a legal opinion as to whether or not Iranian military waterboarding -- secret security agents waterboarding downed airmen is a violation of the Geneva Convention?
SEN. GRAHAM Thank you. I have no further questions.
From Jawas to sandtroopers to droids, supporting characters get a chance to shine in a new Star Wars story collection. Titled Star Wars: From a Certain Point of View, the book boasts 40 original stories in honor of the franchise’s 40th anniversary. So if you’ve ever wondered why the trash compactor monster attacked Luke or how Admiral Motti reacted to being Force-choked by Darth Vader, this book has the answers.
The book opens with events immediately preceding Episode IV and ends right after the film, so these diverse tales are perfect for anyone seeking some good ol’ nostalgia. And while the whole book is worth a read, these 10 tales are our favorites.
Rucka’s heartbreaking story takes place during the Rebellion’s attack on the Death Star during Episode IV. It follows the brilliant Nera Kase, who listens to radio chatter as the pilots whose X-wings she maintains are killed. Nera’s narrative gives a voice to the Rebellion’s strength and grief, and this tale will stick with you long after the final page.
This droid gets precious little screen time, but Carson’s story reveals him to be a Rebellion-supporting hero. You’ll fall in love with the brave, self-sacrificing droid, who finally gets the backstory he deserves.
Written as a chapter excerpted from Ickabel G’ont’s tell-all memoir, this story reveals how the Bith band ended up on Tatooine. Lafferty’s creative storytelling gives us the gossip we’ve always wanted to hear about this talented group.
Another character that gets mere seconds of screen time, Garindan tips off the Empire about the location of two significant droids on Tatooine. Dawson’s story gifts the character a rich history, leaving you wanting more information about the enigmatic spy.
Were any officers injured during this incident? One can only hope.
Ortberg also relays her story as an incident report, using a more freeform format laced with an officer’s controlled rage. Conan Antonio Motti, who is (understandably) upset after Darth Vader Force-chokes him, details the “incident” and calls out Vader for his “workplace proselytization.” You’ll love to hate Motti while reading this one.
This collection boasts some inventive storytelling formats, but Weldon’s is hands down the most gloriously creative of the bunch. In listing the systems log from an MSE-6 droid nicknamed “G7,” Weldon introduces a secret romance between the droid’s stormtrooper owner and an Imperial officer. Who knew the galaxy’s fastest mouse droid would be a matchmaker?
Arvira has got to be the most genius desk jockey in the Imperial Navy, creating paper trails that tell perfectly crafted (if untrue) stories to his superiors. In this case, he works to cover up a missing escape pod that might have housed the galaxy’s most wanted droids. It’s impossible to convey just how brilliantly Liu weaves this tale, so just take our word for it and read it yourself.
Props to McElroy for writing the most endearing Jawa in the Star Wars canon. You’ll fall in love with Jot, an especially petite Jawa with his head in the clouds. Not only is Jot a sweetheart, but he also proves to be an unsung hero of the original trilogy.
Out of the 40 stories in this collection, Okorafor’s “The Baptist” is the one that deserves to become a novel. This gorgeous narrative chronicles Omi’s journey from her home planet of Vodran to her enslavement aboard the Death Star to her interaction with Luke Skywalker. Okorafor writes Omi as a brave and spiritual warrior, breathing life into one of the galaxy’s most captivating characters.
Check out this article to learn more about the collection and to see all of Chris Trevas’ silhouette artwork from the book.
The Miami Trace girls golf team began the 2017 season with a home match against the McClain Lady Tigers on Wednesday, Aug. 9.
Both schools are now members of the new Frontier Athletic Conference.
McClain won the match with a score of 220 to 271 for Miami Trace.
For McClain, teammates Bryn Karnes and Elissa Grate shared medalist honors, each with a 54.