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US military says intelligence-gathering raid in Yemen kills 7 Al Qaeda militants

US military says intelligence-gathering raid in Yemen kills 7 Al Qaeda militants

Business, Foreign Entertainment
A boy walks past soldiers from the Saudi-led coalition patrolling a street in Yemen's southern port city of Aden, September 26, 2015. Thomson Reuters WASHINGTON (Reuters) - The United States military said a raid against an al Qaeda compound in Yemen on Tuesday morning (local time) killed seven militants, with two U.S. officials saying the primary objective of the raid was to gather intelligence. U.S. Central Command said in a statement that the al Qaeda in the Arabian Peninsula militants were killed "through a combination of small arms fire and precision airstrikes" in the Marib governorate with the support of the Yemeni government. The two U.S. officials, speaking on the condition of anonymity, told Reuters separately that there were no known U.S. injuries or casualties and the raid was ...
Trump’s bid for public input on national monuments may be a sham

Trump’s bid for public input on national monuments may be a sham

Business, Foreign Entertainment
Bears Ears National Monument, Utah. Bureau of Land Management/Flickr In late April, field biologist Stanley Smith was catching up on emails at his desk in the College of Sciences at the University of Nevada, Las Vegas, when he noticed a shocking note. It came from the Bureau of Land Management, an agency within the Department of the Interior, and informed Smith that the public lands advisory council in southern Nevada that he’s served on for years was suspended. Across the country, other regional advisors got similar notices. Interior Secretary Ryan Zinke had called for a review of more than 200 independent groups that advise his department on various issues, such as whether a historical site or natural feature should be designated a national monument. The day before Smith received his not
PICTURES: How the suspected terror attack at an Ariana Grande concert in Manchester unfolded

PICTURES: How the suspected terror attack at an Ariana Grande concert in Manchester unfolded

Business, Foreign Entertainment
Armed police officers stand next to a police cordon outside the Manchester Arena, where U.S. singer Ariana Grande had been performing, in Manchester, northern England, Britain, May 23, 2017.REUTERS/Andrew Yates Police in Manchester, England, said at least 19 people were confirmed dead following reports of an explosion at an Ariana Grande concert. Police said dozens more people were reported injured. Police said the situation was being treated as "a terror incident until police know otherwise." People were warned to avoid the arena area, while Manchester's Victoria transit station was shut down during the police investigation. Many Manchester taxis offered free rides to people stranded in the area. Here's how the chaotic and deadly night unfolded in Manchester: View As: One Page Slides Th...
The largest dinosaur ever used secret air sacs to stay super light

The largest dinosaur ever used secret air sacs to stay super light

Business, Foreign Entertainment
Air sac systems in Nigersaurus (top) and Saltasaurus (bottom). Ibiricu et al 2017 The largest dinosaurs to have ever lived were surprisingly light. I know that might sound strange when we’re talking about animals stretching over 100 feet long and weighing upwards of 45 tons, but it’s true. Immense, long-necked dinosaurs like Supersaurus had extraordinarily light bones assisted by a complex system of air sacs that so pervaded their skeletons that you can see exactly where they would have been even though the actual soft tissues decayed away millions and millions of years ago. This was true for comparatively smaller species, too. Even an "average" sauropod was far larger than an African elephant or Paraceratherium, the largest land mammal of all time. Sauropods were enormous by comparison, a
The largest dinosaur ever used secret air sacs to stay super light

The largest dinosaur ever used secret air sacs to stay super light

Business, Foreign Entertainment
Air sac systems in Nigersaurus (top) and Saltasaurus (bottom). Ibiricu et al 2017 The largest dinosaurs to have ever lived were surprisingly light. I know that might sound strange when we’re talking about animals stretching over 100 feet long and weighing upwards of 45 tons, but it’s true. Immense, long-necked dinosaurs like Supersaurus had extraordinarily light bones assisted by a complex system of air sacs that so pervaded their skeletons that you can see exactly where they would have been even though the actual soft tissues decayed away millions and millions of years ago. This was true for comparatively smaller species, too. Even an "average" sauropod was far larger than an African elephant or Paraceratherium, the largest land mammal of all time. Sauropods were enormous by comparison, a
Even if you don’t have student loans, you should want them to be forgiven

Even if you don’t have student loans, you should want them to be forgiven

Business, Foreign Entertainment
So what? Yanking away programs that help young adults with student loans build a future is remarkably short-sighted. Several key components of a functioning society—law, medicine, education, social services—do better when there is a wide, deep pool of qualified aspirants. And if dedicating a decade or more to a public service job doesn’t ruin an adult financially, then the fields of law, education, etc. benefit from having passionate, committed veterans. Never underestimate the bargain that a long-time employee represents, in terms of both institutional knowledge and reduced employee overhead. If “professional competence” and “higher quality applicants” and “better employees, therefore better public service” aren’t sufficiently compelling reasons, consider this one: Student loans are throt
Gyms are capitalizing on the death of fashion

Gyms are capitalizing on the death of fashion

Business, Foreign Entertainment
Equinox It's no secret that consumers, especially younger ones, are more likely to spend money on experiences than clothing these days. So what's a startup selling high-end sportswear to do? Follow the money. Equinox, a luxury gym brand with a high monthly price tag to match, has begun entering into partnerships with startups to sell products in their fitness clubs, right near the front. Men's underwear startup Mack Weldon and luxury sportswear seller Rhone Apparel have both entered into agreements with Equinox to sell apparel at the gym's boutiques. The Rhone partnership involved 11 pop-up shops in Equinox gyms across the country, while the Mack Weldon deal is more permanent in nature. Think of the Equinox boutique as a sort of gift shop. After paying $235 (the price to belong to a sing
Uyo Blackout: Electricity consumers lament PHEDC attitude

Uyo Blackout: Electricity consumers lament PHEDC attitude

Business, Gists, Naija Politics, Politics, Vanguard
PHEDC attributes blackout to facility shutdown By Isaiah EkaElectricity consumers in Uyo have expressed concerns over the irregular power supply and issuance of bogus bills by the Port Harcourt Electricity Distribution Company (PHEDC). The consumers spoke in an interview with the News Agency of Nigeria (NAN) in Uyo on Sunday. Mr, Moses Eton, a landlord at No. 3, Akpan Ukpo Street, said that the area had been without electricity for three weeks now. “As you can see, we have no light and the situation has been like this in the last three weeks. “It is most unfortunate that PHEDC distributed estimated bills to us without considering the fact that it has not supplied us power. “The last time we had supply, our bulbs blew up and some of our appliances got damaged because of the power surge. We
Here are the biggest bets made by top hedge funds in the first quarter

Here are the biggest bets made by top hedge funds in the first quarter

Business, Foreign Entertainment
Carl Court/GettyImages Here they are: The darlings of hedge fund stock pickers.  S&P Global Intelligence has released its Hedge Fund Tracker, which takes a look at the holdings of the ten largest pure play hedge funds. Such firms focus on stock picking, have less than 100 positions, and are more activist in their nature than other hedge funds. Viking Global Investors, the Greenwich, Connecticut-based firm, came in at number one with $23.8 billion in assets, according to the report. In total, the 10 firms have positions in 389 stocks. Following are the five biggest buys made by the top hedge funds last quarter.  View As: One Page Slides 5. Formula One Group - $765 million Soroban Capital, a New York-based fund founded in 2010, and Viking Global Investors both own 12 million share
Used car trade-in values just keep falling

Used car trade-in values just keep falling

Business, Foreign Entertainment
REUTERS/Baz Ratner This is just relentless: Wholesale prices of used vehicles up to eight years old going through auctions across the US dropped another 1.5% in April from the prior month. It pushed the seasonally adjusted Used Vehicle Price Index by J.D. Power Valuation Services (formerly known as NADA Used Car Guide) down to 109.9. The 10th month in a row of declines. The index is down 7.1% year-over-year and down over 13% from its peak in mid-2014. It’s at the lowest level since September 2010, when prices were still spiking from the cash-for-clunkers program which had eliminated a whole generation of often perfectly good cars. In that sense, values are just now beginning to normalize (chart by J.D. Power Valuation Services): Wolf Street According to the report, “the used market continu
Why Mark Zuckerberg panicked when he found out the date of Facebook’s IPO (FB)

Why Mark Zuckerberg panicked when he found out the date of Facebook’s IPO (FB)

Business, Foreign Entertainment
Facebook Facebook is one of the most successful companies in the world now, but five years ago it was dealing with the fallout of a disastrous initial public offering plagued by technical glitches. It turns out that CEO Mark Zuckerberg originally tried to change the date of Facebook's IPO because of another major life event: his wedding. Zuckerberg and Priscilla Chan were planning to throw a surprise wedding in their backyard, and Zuckerberg was worried about it taking place too close to his company's public debut. "I remember the day David, our CFO, told me the IPO process would conclude on May 18," Zuckerberg wrote in a Facebook post celebrating his anniversary on Friday. "I was shocked. I closed the door and asked if it was possible to maybe do it a few days sooner." "He said it wouldn
This painting just sold for a mind-blowing $110 million (BID)

This painting just sold for a mind-blowing $110 million (BID)

Business, Foreign Entertainment
NEW YORK, May 18 (Reuters) - A little-seen painting by Jean-Michel Basquiat that sold for $19,000 in 1984 soared to an astounding $110.5 million at Sotheby's on Thursday, the second-highest price ever for a work of contemporary art. Basquiat's vibrant, untitled 1982 portrait achieved the sixth-highest price for any work of art at auction, bearing testament to the eagerness of deep-pocketed collectors to spend freely on trophy pieces. It also set records for an American artist, as well as for the artist, who died in 1987. The canvas was bought by entrepreneur Yusaku Maezawa, founder of e-commerce giant Start Today, after a protracted, old-school bidding war that included four participants beyond the $60 million pre-sale estimate. Maezawa said he intends to lend the work for public exhibitio...
THE BOTTON LINE: A deep dive into Tesla’s stock price and Amazon 20 years after its IPO

THE BOTTON LINE: A deep dive into Tesla’s stock price and Amazon 20 years after its IPO

Business, Foreign Entertainment
Business Insider May 18, 2017, 3:11 PM 12 Loading video... facebook linkedin twitter email embed This week's topics include: Tesla was downgraded from "overweight" to "equal-weight" by notorious Tesla bull Adam Jonas of Morgan Stanley. We dive deep into his assumptions to determine how realistic his price targets are. JCPenney seems to be quietly leading the retail apocolypse. After reporting first quarter earnings last week and same-store sales down 3.5% the stock dropped 14% in a day. This week JCPenney traded at the lowest level in history.  Henry Blodget dives into the data and tells us what big lessons we can learn from Amazon 20 years after the company's IPO. We spoke to the founder and CEO of Boston Dynamics when we caught up with him (and one of his robots) o
‘Where is the actual crime’: Jason Chaffetz questions the Justice Department’s motives with special counsel appointment

‘Where is the actual crime’: Jason Chaffetz questions the Justice Department’s motives with special counsel appointment

Business, Foreign Entertainment
Screenshot via Fox News House Oversight Committee chair Jason Chaffetz questioned the motives behind the Justice Department's appointment of a special prosecutor to oversee the FBI's Trump-Russia investigation. "I think they're feeling the political heat," Chaffetz told Fox News' Tucker Carlson on Wednesday evening. "Maybe they're watching a little too much television and read too many newspapers and whatnot." "I have not seen any evidence of actual collusion," Chaffetz said. "Where is the actual crime that they think they need a special prosecutor to prosecute? I just haven't seen it." Chaffetz also took note of the Justice Department's quick action Wednesday. "I'm very surprised by it. No heads-up," said Chaffetz. "I at least read online that the White House only got about 30-minutes hea...
Chelsea Manning was just released from prison — Here’s what happened during her trial

Chelsea Manning was just released from prison — Here’s what happened during her trial

Business, Foreign Entertainment
Reuters Chelsea Manning walked out of a military prison on Wednesday, following President Barack Obama's commutation of her 35-year sentence for leaking classified information. She served just seven years of that sentence, which came following her arrest and conviction of passing secret intelligence documents to WikiLeaks. Much of Manning's court martial centered around one contentious charge — aiding the enemy — for which she faced life in prison. Here's what happened at trial: Manning pleaded guilty to many of the charges. In February 2013, Manning pleaded guilty to 10 lesser charges and offered an impassioned defense of his actions. He claimed he wanted to shed light on a culture obsessed with “killing and capturing people.” She waived a jury trail. In March, Manning opted to allow a m
ESPN announces new shows and an overhauled lineup in the wake of its recent layoffs

ESPN announces new shows and an overhauled lineup in the wake of its recent layoffs

Business, Foreign Entertainment
Mike Greenberg and Mike Golic will see their 17-year run on "Mike & Mike" end. Ethan Miller/Getty Images Some of ESPN's recent, highly publicized layoffs — about 100 employees, including dozens of on-air personalities — were part of an effort to reshuffle its daytime TV lineup and save its flagship program, "SportsCenter." We now know more about what the new daytime ESPN, ESPN2, and ESPN Radio schedules will look like, and they include a pair of new shows. On Tuesday, ESPN announced several changes to its lineups, the most notable being the end of ESPN Radio's "Mike & Mike," which has been on the air for 17 years and is often cited as the show that laid the groundwork for the national sports radio we hear today. Mike Greenberg will move to a long-rumored new show on ESPN airing wee
A senior German lawmaker is questioning if Trump is a ‘security risk’

A senior German lawmaker is questioning if Trump is a ‘security risk’

Business, Foreign Entertainment
German Chancellor Angela Merkel and Trump hold a joint news conference in the East Room of the White House in Washington Thomson Reuters A senior German lawmaker has expressed concern about reports that President Donald Trump revealed highly classified information about the Islamic State group to Russian officials. Burkhard Lischka said in a statement to The Associated Press that "if it proves to be true that the American president passed on internal intelligence matters that would be highly worrying." Lischka, who sits on the German parliament's intelligence oversight committee, noted that Trump has access to "exclusive and highly sensitive information including in the area of combating terrorism." The Social Democratic Party lawmaker said that if the US president "passes this information...
Trump hotel in Washington D.C. appears to have been briefly vandalized with anti-Trump messages

Trump hotel in Washington D.C. appears to have been briefly vandalized with anti-Trump messages

Business, Foreign Entertainment
Twitter/@igorvolsky As the White House tried to contain reports that President Donald Trump shared highly classified information with Russia, one of the Trump Organization's hotels was apparently vandalized Monday evening. Reports of a light being projected on the Trump International Hotel in Washington D.C. began circulating on social media. Several messages were displayed in a blueish light. The Washington Post reported that the words "PAY TRUMP BRIBES HERE" appeared above the entrance to the building, along with an arrow pointing toward the entrance of the hotel. Another projection read, "EMOLUMENTS WELCOME" — an apparent reference to the emoluments clause that became a point of contention amid arguments about Trump's financial conflicts of interest in the early days of his presidency.
Yale’s Singapore outpost is more exclusive than Harvard, Princeton, and Yale’s main campus

Yale’s Singapore outpost is more exclusive than Harvard, Princeton, and Yale’s main campus

Business, Foreign Entertainment
See-ming Lee 李思明 SML on flickr Princeton University may have an acceptance rate of just 6.5%, and Harvard 5.2%, but neither compares to the exclusivity of Yale-National University of Singapore. Its acceptance rate: just 5% — 1.2 percentage points lower than Yale University in New Haven, Connecticut. Yale-NUS is a joint university program between the New Haven, Connecticut school and NUS, which is located near the southern coast of the island. New data revealed in late April showed the school rejected 95% of applicants for the class of 2020. Most major US universities have at least one satellite campus around the world. But only a few have opened totally free-standing locations, such as Duke-Kunshan University, located near the Chinese city of Suzhou, and NYU's locations in Abu Dhabi and Sh
Oil prices jump as Russia and Saudi agree to extend oil output cuts until March 2018

Oil prices jump as Russia and Saudi agree to extend oil output cuts until March 2018

Business, Foreign Entertainment
Oil prices jumped on Monday after Saudi Arabia and Russia agreed to extend crude oil output cuts until March 2018. This is part their latest effort to rebalance the global crude market, oil ministers for the two countries said on Monday. Crude oil rose by over 1.5%, with prices reaching $48.58 per barrel: Investing.com Brent oil also rose by 1.46% as of 7.10 a.m. GMT, hitting the $51.58 per barrel mark: Investing.com The next round of cuts will be on the same terms as the existing deal, Saudi energy minister Khalid al-Falih said at a joint briefing in Beijing. Under the current agreement, the Organization of the Petroleum Exporting Countries (OPEC), of which Saudi Arabia is the de-facto leader, and other producers including Russia pledged to cut output by almost 1.8 million barrels per da