May 20, 2024

Archives for December 2018

Oops, France did it again! EU allows Paris near-traditional budget breach for 2019

Paris had to admit last week that its budget deficit next year is set to stand at around 3.2 percent, which is 0.4 percent more than initially expected and higher than the three percent that the European Union deficit rules allow.

The forecast comes following weeks of nationwide anti-fuel tax hikes and anti-Macron protests, that forced the French leader to announce wage increases for the poorest workers and a tax cut for most pensioners. However, those concessions cost the French budget a hefty sum.

Also on rt.com France counting up billions in lost revenues after weeks of Yellow Vest protests

EU Budget Commissioner Gunther Oettinger believes that Macron had “lost authority” by releasing such a budget draft, although remaining “a strong supporter” of the bloc.

“Under this condition, we will tolerate a national budget deficit higher than three percent as a one-time exception. However, it must not continue beyond 2019,” Oettinger told Funke media group in an interview, as cited by Reuters. He added that the French government should better go on with its reform agenda, especially in the labor market.

However, the 2019 exemption for France is not the first one. Last year was the first time in a decade when Paris matched the EU’s three percent limit. Although the European Commission has the power to impose fines and other penalties for non-compliance with the rules, France was not penalized for the breaches. Notably, France is not the only European powerhouse to escape the non-compliance sanctions, as the same happened with Germany back in 2003.

Also on rt.com Brussels rejects Italy budget, paves way for sanctions

However, some other EU members seem to be excluded from Brussels’ leniency. In November, the EU Commission proposed to put Italy under an economic disciplinary program over a serious breach of EU rules. Rome was let off the EU penalties hook only after a budget deal with Brussels was reached in mid-December. Despite this, the bloc still says that the country is far from solving its economic problems.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/447520-france-eu-budget-deficit-exception/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Can Netflix Take Turkey’s TV Dramas to the World?

“If characters kiss, the shows can get hugely fined,” Akhtar said. (Turkey’s Radio and Television Supreme Council can punish broadcasters that show anything it considers contrary to the national and moral values of the society.) “So all the fans put together some money, then contacted the director and said, ‘Let them kiss. We’ll pay the fine for you.’ ”

Bottles of alcohol are usually blurred to avoid trouble with the censors, she added. Murder is fine, though.

Yasemin Y. Celikkol, a doctoral fellow at the University of Pennsylvania who studies Turkish dramas, said some series had proved to have particular resonances in some other countries. A show called “Falling Leaves” was a hit in Bulgaria, she said, because its plot is “about the terrible things that happen to families when they move to cities.” There’s been a lot of internal migration in Bulgaria, and people could see themselves in it, she added.

Dramas have overhauled Turkey’s image in Russia too, Celikkol said, leading many Russians to travel there for vacations, to find husbands or to seek medical treatment. But that seemed to have produced a backlash, she added. In 2016, a Russian television company made a series, “East/West,” about a Russian couple visiting a Turkish fertility clinic, only for the Russian woman to end up as the Turkish doctor’s unhappy second wife.

“It almost seemed like the show was saying to Russian women, ‘Don’t go there, you’ll lose your freedom and have no access to your children,’ ” Celikkol said. A second season of “East/West” was broadcast this year.

Back in London, Akhtar raced through the first two episodes of “The Protector,” pointing out all the differences between the Netflix show and other Turkish productions. A scene featuring a woman in her underwear would definitely not appear on television in Turkey, she said. And there was more swearing than normal. The lead actor also looked more unkempt.

Article source: https://www.nytimes.com/2018/12/27/arts/television/turkish-tv-netflix-the-protector.html?partner=rss&emc=rss

Huawei & ZTE may be squeezed out of US market – report

A new US government move targeting Apple rival Huawei and fellow Chinese telecom company ZTE may come as early as the beginning of 2019. Trump’s executive order is to direct the Commerce Department to block US companies from buying equipment from foreign telecommunications makers which Washington claims pose significant national security risks.

The document, reportedly having been prepared by the White House eight months ago but not finalized yet, will cite the International Emergency Economic Powers Act which gives the president powers to regulate commerce in response to an unusual and extraordinary threat to the country stemming from a foreign source.

German cyber watchdog says no evidence that Huawei spies

Huawei and ZTE will not be directly named in the document, however given that they have already been a matter concern for security agencies, officials are likely to interpret it as targeting the spread of equipment made by the two Chinese telecom giants. A Reuters source also believes that the Commerce Department is expected to interpret the order that way.

ZTE has refused to comment on the report, while RT is still waiting for a response from Huawei.

Washington has previously accused the two Chinese tech companies of spying and banned government entities from using their equipment, further warning American citizens against using their products and services.

Both Huawei and ZTE rebuked the allegations, with Huawei saying it is aware of US “government activities” aimed at curbing its business in the US market.

Huawei has another separate row with the US government over its alleged noncompliance with Washington’s sanctions against Iran. Earlier this month, the company’s finance chief Meng Wanzhou was arrested and then released on bail in Canada. She still faces extradition to the US and up to 30 years behind bars if convicted of breaking Iranian sanctions.

The potential ban of Huawei and ZTE in the US may also add fuel to the fire of the simmering trade war between the world’s two biggest economies, as Beijing and Washington discuss ways to resolve it.

The same Chinese companies also faced scrutiny in Australia and New Zealand, which together with the US, Canada and the UK belong to intelligence alliance the Five Eyes. In August, the Australian federal government decided to bar Huawei and ZTE from providing 5G technology for the country’s wireless networks, citing national security.

Huawei faced another blow in November when New Zealand blocked it from supplying mobile network kit to domestic company Spark on national security grounds. Another US ally, Japan, is also reportedly considering similar restrictions on government purchases of Huawei and ZTE equipment.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/447503-us-huawei-zte-ban/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

More sanctions please: Russia-EU trade turnover surges by almost 22%

“Since the beginning of 2017, mutual trade between Russia and the European Union’s countries showed a tendency towards dynamic growth, which consolidated this year,” the envoy told Izvestia newspaper.

He cited statistics that in the first three quarters of 2018, trade turnover between Russia and the EU increased by 21.5 percent compared to the same period of the previous year.

Also on rt.com Dollar-free business: German companies in Russia call for an alternative to US payment system

Russian exports to the EU countries increased by almost 30 percent while imports are up by 7.4 percent.

According to the diplomat the trade volume has already exceeded 2014 figures when Western anti-Russia sanctions were introduced.

“The current growth, in fact, shows mainly recovery. Meanwhile, Russia’s trade with a number of EU member states, such as Portugal, Belgium, Ireland, Cyprus, Denmark, Romania, has already exceeded the figures for 2012,” Chizhov said.

READ MORE: Russia-Austria trade soars almost 60 percent, approaching pre-sanctions record highs

The diplomat noted that the rising prices for energy commodities, which form the basis of Russian exports to the EU, as well as currency fluctuations were among the major factors of positive dynamics.

Also on rt.com Russia-Austria trade soars almost 60 percent, approaching pre-sanctions record highs

“However, the main prerequisite, in my opinion, is a natural return of EU-Russia trade to a level that corresponds to the degree of interpenetration of our economies, in accordance with normal commercial logic and despite the rash political demarches of the West,” Chizhov concluded.

Russia is the third largest exporter to the EU and the bloc’s fifth biggest importer.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/447498-russia-eu-trade-growth/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Athletes Don’t Own Their Tattoos. That’s a Problem for Video Game Developers.

Not all tattoo licensing happens so amicably.

At least three lawsuits have been filed against Take-Two Interactive, a game developer and publisher, and a subsidiary, 2K Games. A federal court ruling in any of the cases could have a ripple effect among sports video games, which emphasize realism.

The company Solid Oak Sketches obtained the copyrights for five tattoos on three basketball players — including the portrait and area code on Mr. James — before suing in 2016 because they were used in the NBA 2K series. The following year, an artist sued because the Gloria tattoo on Mr. James, among others, were included in the same franchise. And in April, another artist sued because her tattoos on the wrestler Randy Orton had been included in several iterations of WWE 2K.

Shawn Rome and Justin Wright, two of the three tattoo artists who licensed their work to Solid Oak, said they had been deceived by its founder, Matthew Siegler, and never desired a lawsuit. He approached them with a plan to incorporate their tattoo designs into a clothing line, they said, but it went nowhere.

“He’s just poaching on artists,” Mr. Rome said.

Before filing its lawsuit, Solid Oak sought $819,500 for past infringement and proposed a $1.14 million deal for future use of the tattoos.

Mr. Siegler did not respond to requests for comment. His primary lawyer, Darren Heitner, said that Take-Two used the copyrights without permission, and that Mr. Siegler wanted to be fairly compensated. Peter C. Welch, associate general counsel for Take-Two, said he could not comment on pending litigation. A spokeswoman for 2K Games said it does not comment on legal matters.

Article source: https://www.nytimes.com/2018/12/27/style/tattoos-video-games.html?partner=rss&emc=rss

US stock markets claw back brutal pre-Christmas losses with biggest one-day gain ever

On Wednesday, the Dow Jones Industrial Average surged more than 1,000 points, or 4.9 percent, its biggest single-day point gain in history. The SP 500 also soared 4.9 percent. The Nasdaq, which had suffered the most in recent weeks, closed 5.8 percent up.

This isn’t a bear market, we’re in a house of cards that the Fed built, says Peter Schiff

The rally came after a strongly positive report from Mastercard, which had revealed that holiday sales surged to their highest in six weeks. The data reportedly calmed recent concerns over the US economy.

The surge on Wall Street evoked a rally on Asia Pacific markets with Japan’s Nikkei closing 3.9 percent higher after a five percent drop on Christmas Day. Meanwhile, the benchmark ASX 200 index grew nearly 1.9 percent in Sydney.

However, Chinese stocks were lower with the Shanghai Composite index falling 0.6 percent, marking its lowest close since November 2014, while the blue-chip CSI300 was down 0.4 percent.

European markets were mixed in early trading on Thursday with the pan-European Euro Stoxx 600 index climbing 0.4 percent, and France’s Cac 40 rising more than 0.7 percent after a sharp sell off earlier in the week. However, Germany’s DAX and the Britain’s FTSE pushed lower, but the indices avoided heavy Monday losses.

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/447494-us-stocks-surge-christmas/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Tech Fix: The Tech That Was Fixed in 2018 and the Tech That Still Needs Fixing

E-cigarettes notwithstanding, at least parents can worry less about their children’s addiction to smartphones. This year, Apple released Screen Time, a feature for people to set restrictions on the amount of time they spend on their iPhones. The software includes the ability for parents to remotely monitor and limit their children’s iPhone use.

I tested Screen Time for three weeks with a colleague’s daughter and was thrilled to see that the curbs helped the screenager cut iPhone use down to about three hours a day from roughly six hours. (The constraints I set on myself were not as effective because I could easily override them as a parent.)

There’s still room for smartphone parental controls to improve. Google offers Family Link, a comprehensive parental controls tool for Android phones. Yet the software has major limitations, as children can turn off the features once they turn 13 — which seems like precisely the time when you would want to be monitoring your child’s phone.

Remember Firefox? Over the last decade, the once prominent web browser became irrelevant after Google released Chrome, a speedier and more secure web browser. Then late last year, Mozilla released a redesign of Firefox with thoughtful privacy features and much faster browsing speeds.

This year, Mozilla kept polishing and expanding on Firefox’s capabilities. It released a “container” that can be installed to prevent Facebook from tracking your activities across the web. In August, Mozilla also said that it would, by default, turn on anti-tracking features to prevent third parties, including advertisers, from snooping.

Firefox could still be better. Chrome, for instance, is still faster at loading some web pages. But after a harsh year when consumers lost faith in how companies like Facebook managed their data, it feels heartening to know that someone in the tech industry is making a browser for the people.

So did we get to a shorter list of personal tech lows and a longer list of highs? Not quite. I guess there’s always next year.

Article source: https://www.nytimes.com/2018/12/26/technology/personaltech/tech-fix-2018.html?partner=rss&emc=rss

‘Embargo on predatory pricing’: India fights back against e-commerce giants with new antitrust rules

E-commerce companies will no longer be able to sell products from companies in which they have an equity interest, nor will they be able to form exclusive agreements with sellers or apply cash-back offers and other incentives to affiliate sellers differently than they apply to non-affiliates, according to new rules which take effect February 1.

Washington looking for anti-monopoly tool to kneecap OPEC oil cartel

The new rules are aimed at clamping down on monopolistic behavior by gargantuan transnational e-tailers. Amazon, Flipkart and other large companies are currently able to undercut the prices of their competitors by buying products in bulk through companies they control and re-selling to affiliates, which then set their prices low enough to drive non-affiliated firms out of the market.

Indian retailers, concerned that their days are numbered with such “predatory pricing” practices dominating the market, successfully pushed back with a series of anti-trust petitions earlier this year that have culminated in the new regulations.

The All India Online Vendors Association (AIOVA) filed a petition in October with the Competition Commission of India, the body charged with enforcing anti-trust matters, alleging that Amazon gives preferential treatment to those sellers in which it has an equity interest. The group filed a similar petition against Flipkart in May.

Also on rt.com India’s drug regulators to test JJ’s baby powder after claims it contains cancer-causing asbestos

The Confederation of All India Traders had objected to Walmart’s $16 billion acquisition of Flipkart in May, warning that the move would create exactly the “unfair competition” and “predatory pricing” the new rules seek to address. CAIT secretary general approvingly stated that the new rules, if implemented in full, would put an “embargo on the tactics adopted by the global players to control and dominate retail trade in India through e-commerce.”

Beefed-up regulations have come not a minute too soon, with Google introducing Google Shopping to India earlier this month.

Also on rt.com India to switch from dollar to rupee to pay for Iranian oil

For more stories on economy finance visit RT’s business section

Article source: https://www.rt.com/business/447483-india-ecommerce-antitrust-rules/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Larry Eisenberg, 99, Dead; His Limericks Were Very Well Read

Dr. Eisenberg, a self-described ardent liberal, was having none of this. As he wrote in reply:

A “residual force,” Mr. O.?

With “limited missions,” ah, so,

Precipitous? Nay!

It’s a sure way to stay.

Your plan sounds like “in statu quo”!

In the years that followed, limericks burst forth from Dr. Eisenberg on a welter of subjects.

There was baseball commentary, as in this 2010 post:

True, the Mets lost their place in the Sun,

But the year has moved onward by one,

Wounds have healed, time to grin

At each has-been brought in,

Chance of winning? Between slim none!

There were TV reviews, like this one, from 2011:

“Homeland” with time brought up to date,

Owes to “Manchurian Candidate”?

Is the theme tired,

And hardly inspired?

Production and cast are first rate.

And after the 2016 election there was copious versification of President Trump:

A mauler, a grabber, abuser,

A do whatever you chooser

Non-thinker, non-reader,

A spoiled-children breeder

An every trick-in-the-book user.

The son of Sidney Eisenberg, a furniture salesman, and Yetta Yellen Eisenberg, a homemaker, Lawrence Eisenberg was born in the Bronx on Dec. 21, 1919.

After graduating from James Monroe High School in the Bronx, he earned a bachelor’s degree in mathematics from the City College of New York, followed by a bachelor of electrical engineering degree there. He went on to earn a master’s and a Ph.D. in electrical engineering from the Polytechnic Institute of Brooklyn. During World War II he was a radar operator with the Army Air Forces.

Dr. Eisenberg joined Rockefeller University in 1958 and later became a director of its electronics laboratory. Early in his tenure at Rockefeller, he helped develop a transistorized, battery-operated cardiac pacemaker, which was considered a vast improvement over the wire-laden earlier models. He taught at the university until 2000.

As a science-fiction writer, Dr. Eisenberg was best known for his short story “What Happened to Auguste Clarot?” The comic tale of a disappearing Parisian scientist, it was published in “Dangerous Visions” (1967), the noted anthology edited by Harlan Ellison.

He was also known for his stories featuring Prof. Emmett Duckworth, an amiably hapless Nobel Prize-winning scientist. (Duckworth’s inventions include an intensely addictive aphrodisiac containing 150,000 calories per ounce.)

Dr. Eisenberg’s wife, Frances Brenner, a political scientist and social worker, died in 2017. In addition to his daughter, he is survived by a sister, Sondra Baskin; a son, Michael Eisenberg; and a grandson.

A longtime resident of the Upper East Side of Manhattan, Dr. Eisenberg at his death resided in Somerville, Mass. He died at a hospice facility in Lincoln, Mass.

In a 2011 feature, Dr. Eisenberg was asked by The 6th Floor, a Times Magazine blog, to supply a brief biographical summary for readers. He replied — a mere 20 minutes later — in the form he knew best:

A nonagenarian, I,

A sometime writer of sci-fi,

Biomed engineer,

Gen’rally of good cheer,

With lim’ricks in ready supply.

Article source: https://www.nytimes.com/2018/12/26/obituaries/larry-eisenberg-dead.html?partner=rss&emc=rss

Media Memo: ‘Stupid Questions,’ Rarer Briefings, No Holiday Party: Trump’s Year With the Press

He gave 30 interviews in October and November alone, not counting a pair of formal news conferences before and after the midterm elections. At the first of the two, Mr. Trump referred to a Kurdish journalist as “Mr. Kurd” and questioned the character of George Washington, musing, “Didn’t he have a couple things in his past?”

The president’s preferred venue, however, remained Fox News, whose prime-time and morning shows amounted to a Trump cheering section beamed into millions of homes. The cable network secured 18 interviews with the president this year; Fox Business had three more.

Journalists there have grumbled about the blurred line between the administration and some of the network’s star commentators. On the eve of the midterm elections, Sean Hannity rallied onstage with Mr. Trump in Missouri, high-fived the White House deputy chief of staff, Bill Shine — himself a former Fox News co-president — and jeered reporters in the auditorium as “fake news.” In 2010, Mr. Hannity was chastised by Fox News executives, including Mr. Shine, for scheduling an appearance at a Tea Party fund-raiser.

Fox News called the Missouri episode an “unfortunate distraction.”

Mr. Hannity also failed to tell viewers that he and Mr. Trump shared a lawyer, Michael D. Cohen. And this summer, the host campaigned in Florida for a candidate for governor, Ron DeSantis, a frequent guest. Mr. DeSantis’s campaign manager, Brad Herold, boasted that Mr. Hannity would rally the crowd.

“I’m concerned, with Hannity and DeSantis at the same event, that Fox News may have to cancel its prime-time programming tonight,” Mr. Herold joked in an interview in July.

Other presidents sparred with the press. Mr. Trump makes it personal.

He called April Ryan of American Urban Radio Networks a “loser”; replied to Abby Phillip of CNN by saying, “You ask a lot of stupid questions”; dismissed a query from Yamiche Alcindor of PBS as “racist”; and told Cecilia Vega of ABC News, “You’re not thinking — you never do.” All four reporters are women of color.

Article source: https://www.nytimes.com/2018/12/26/business/media/trump-year-with-press.html?partner=rss&emc=rss