January 17, 2019

Russia’s diamond titan returns to Zimbabwe to help country regain its former luster

According to Ivanov, the details of the projects will be negotiated in the near future. Alrosa is reportedly planning to continue exploration of the region with the support of the Zimbabwean government.

“I’m sure we’ll be able to discuss prospects of our participation in the sphere of geologic exploration activities and development of deposit with a high degree of exploration maturity,” Ivanov told journalists.

Russia looks to eliminate US dollar from trade with African countries – official

“We are ready to share all of Alrosa’s technology when it comes to grading and preparing diamonds for sale, as well as the necessary know-how so that Zimbabwe could get back the position the country had on the global diamond mining market for several years,” he added.

In December, the Russian diamond miner set up a subsidiary Alrosa (Zimbabwe) Limited in the Zimbabwean capital of Harare. Alrosa’s geologists and mining engineers will arrive in the country in February to start operations, according to the company.

According to Ivanov, Zimbabwe’s authorities are currently implementing a wide range of legislative changes that would let Alrosa enter the country’s market and negotiate more serious projects with Zimbabwean partners.

On Monday, Zimbabwe’s President Emmerson Mnangagwa said that the southern African country is counting on Alrosa’s support to expand its diamond industry. Mnangagwa is making his first visit to Moscow since becoming president. He succeeded Robert Mugabe in November 2017, who ruled the country for 38 years.

Alrosa’s major production assets are based in Russia, but the company also runs operations in Angola and stopped working in Zimbabwe in 2016. The African country’s diamond production has seen a dramatic plunge of nearly 75 percent over the past five years.

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

Article source: https://www.rt.com/business/448874-alrosa-zimbabwe-diamond-mining/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Expect a wild ride for the British pound – Professor Steve Keen

Professor of Economy, Steve Keen who is the author of Debunking Economics, told RT that it’s hard to say how the vote will affect the British currency but added “definitely, expect a wild ride,” while the markets are “completely dominated with speculation.”

“With speculators gambling one can’t actually say whether it will have impact one way or the other,” he said.

Also on rt.com What’s next for Brexit Britain after UK Parliament voted ‘no’ on Theresa May’s deal?

“In general, I think the pound will be at least 30 percent lower than it had been,” Keen said, explaining “I think it is overvalued and that makes British manufacturing uncompetitive…”

The professor also said that if the break with the European Union happens the pound will fall in value but “overall it won’t be a good thing or a bad thing” because it is already seriously overvalued.

The British currency has been sliding since 2008, well before the Brexit referendum. According to Keen, that means that Britain has some other serious economic problems.

“The main problem the British have had is that they made a mistake 40 years ago deciding to go with services rather than manufacturing.”

He explained that Britain is now running a substantive deficit compared to Germany which is running a gigantic balance of trade surplus.

Also on rt.com ‘Winter is coming’: Gove warns of GOT-style apocalypse if crucial Brexit vote fails

“So, that is the key problem for the British economy and it really has almost nothing to do with Brexit,” Keen said.

He also agreed with economists that a deal will unlock withheld investment by the UK and foreign businesses and could ultimately set the UK up to be the fastest growing major economy in 2019.

Steve Keen noted that Britain being forced to actually develop an industrial policy after having ignored it for 30 years could be a very positive consequence of Brexit. That will be a chance to “revive the British economy,” he said.

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

Article source: https://www.rt.com/business/448873-pound-sterling-fall-brexit/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Goodbye, New York. Adam Moss Is Leaving the Magazine He Has Edited for 15 Years.

Mr. Moss told Ms. Wasserstein in September that he would step down in six months. She declined to comment on the succession. Internal candidates could include Stella Bugbee, the editor in chief of The Cut, and Jared Hohlt, a senior Moss deputy who oversees the print magazine.

“I don’t want to manage. I don’t want to be a boss,” Mr. Moss said. “My basic hope is that I can find creative projects where I don’t have to run anything.”

Like the magazine auteurs who came before him, Mr. Moss was something of an outsider to New York. He was born in Brooklyn and grew up in Hewlett, N.Y., a town he called “‘Goodbye, Columbus’ nouveau riche.” His mother, a psychologist, tested Rorschach inkblots on Mr. Moss and his brother; the blots are now framed on the wall of the editor’s kitchen.

Did that have an effect? “Oh, my God, yes,” Mr. Moss said, laughing. “But we won’t go into all that.”

From age 12, he was spending weekend days in Manhattan, commuting 45 minutes by train. “I was in New York every single second I could,” he said.

After graduating from Oberlin College, he landed a job as a copy boy at The Times, where he ran errands for the executive editor, A. M. Rosenthal; a secretary instructed him to avoid eye contact. Determined to break into magazines, Mr. Moss took a night shift so that he could intern at Rolling Stone during the day. He would come home at 2 a.m.

“I didn’t want to sleep,” he recalled. “I was so happy.”

He became an editor at Esquire and was soon deemed a wunderkind, an image aided by his slight figure and long locks. Spy magazine would later call him “New York’s most huggable editor-for-hire.” In 1988, at age 30, he persuaded the owner of The Village Voice to hire him as the editor of a new weekly, 7 Days, where he published future stars like Joan Acocella, Jesse Green, Louis Menand and Peter Schjeldahl.

Article source: https://www.nytimes.com/2019/01/15/business/media/new-york-magazine-adam-moss-resigns.html?partner=rss&emc=rss

What if You Could Literally Talk to The New York Times?

Who is your target audience?

We’re looking to engage people who use these devices but might not yet be loyal consumers of The Times, while also offering something new and innovative tied to print in order to enhance our relationship with existing audiences. As the technology continues to be adopted, the demographics will change, but we’re most concerned with adapting our journalism into great voice-first experiences.

What content are you most looking forward to hearing?

I’m really proud of everything we’re offering, but I’m particularly excited about the news quiz and the 52 Places Traveler because they both take advantage of voice interactivity. The real potential of the technology is that content doesn’t have to be a fire hose. The listener becomes a participant, using voice commands to navigate and customize the experience. As people take our news quiz, they’ll get feedback and additional context based on whether they get questions right or wrong.

So interactivity is the main advantage of using smart speakers for this content?

Yes. Even when we’re not designing the audio to be interactive, we’re building experiences to respond to specific user requests, which makes it a natural home for short-form and service-oriented audio journalism.

What other Times content would work via smart speaker?

Any kind of journalism that could be translated to sound could work, but we’d really like to showcase a diverse array of voices, form more personal connections and tap into the things our newsroom already does really well that would make people’s lives better and more fulfilled.

Will the audio dispatches from our 52 Places Traveler be filed directly from the road?

Yes, Sebastian will be filing from each destination on the list. We want it to feel as if you’re catching up with a friend who is on an incredible journey. I’m hoping that listening to and interacting with Sebastian will help people form a more personal connection with him. We’ll be piecing together the dispatches as he goes, so at the end you should be able to listen to his whole journey from beginning to end.

Will other Times journalists provide voice-only content?

Definitely. We want to showcase a diverse array of voices from around the newsroom. There are so many unique experiences, beats and perspectives at The Times. We’ll use the news quiz in particular to leverage reporters and editors who know their beats as well as anyone in the world.

Is this content exclusive to the Alexa platform?

“The Daily” will still be available everywhere it had been previously (that is, wherever you get your podcasts), but these new experiences will be exclusive to voice platforms. We started with the Alexa platform, where we knew the majority of our audience was, and we hope to expand to others soon.

Article source: https://www.nytimes.com/2019/01/14/reader-center/alexa-smart-speakers-new-york-times.html?partner=rss&emc=rss

Canada sees no cancer risk from Monsanto’s Roundup weed killer

The federal agency dismissed eight notices of objection and assertions made in the so-called Monsanto Papers in 2017.

“After a thorough scientific review, we have concluded that the concerns raised by the objectors could not be scientifically supported when considering the entire body of relevant data. The objections raised did not create doubt or concern regarding the scientific basis for the 2017 re-evaluation decision for glyphosate,” Health Canada said in a press release.

Also on rt.com ‘Completely safe’: Monsanto owner Bayer hit by new wave of lawsuits over Roundup weed killer

The 2017 re-evaluation determined that glyphosate is not genotoxic and is unlikely to pose a human cancer risk. It also determined that dietary exposure associated with the use of glyphosate is not expected to pose a risk of concern to human health. When used according to revised label directions, glyphosate products are not expected to pose risks of concern to the environment, according to the study.

Health Canada said it has selected a group of 20 of its own scientists who were not involved in the 2017 decision to evaluate the eight objections and the concerns raised publicly around glyphosate. The agency said its scientists “left no stone unturned in conducting” the review.

Also on rt.com Monsanto’s top weedkiller now found in pet food as well as cereal

The agency noted that it “had access to numerous individual studies and raw scientific data during its assessment of glyphosate, including additional cancer and genotoxicity studies.” It added that it will “continue to monitor for new information related to glyphosate, including regulatory actions from other governments, and will take appropriate action if risks of concern to human health or the environment are identified.”

Glyphosate is the active ingredient in Monsanto’s Roundup, which is the most popular weed killer in the US. German chemicals and pharmaceuticals giant Bayer, which bought Monsanto last year, disclosed earlier that lawsuits from 9,300 plaintiffs were pending at the end of October. The lawsuits alleged that the company’s recently acquired weed-killing product caused cancer.

Also on rt.com Monsanto loses appeal on historic Roundup cancer verdict, owes $78mn

The surge in lawsuits followed the $289-million California court verdict when Monsanto was ordered to pay damages to a man who alleged its glyphosate-based weed killers, including Roundup, caused his cancer.

Bayer rejected all the accusations, claiming there are hundreds of scientific studies and regulatory authorities that show glyphosate, the compound contained in the weed killers, is safe to use.

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

Article source: https://www.rt.com/business/448846-canada-monsanto-glyphosate-safety/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Mediator: No Coincidence Here: Trump’s Bezos Attack Was a Valentine to The Enquirer

“So sorry to hear the news about Jeff Bozo being taken down by a competitor whose reporting, I understand, is far more accurate than the reporting in his lobbyist newspaper, the Amazon Washington Post.”

Mr. Trump has attacked Mr. Bezos, Amazon and the newspaper since his presidential campaign, suggesting in the most un-Republican of ways — and falsely — that Mr. Bezos uses the newspaper as a lobbying arm to stave off higher taxes and antitrust enforcement for Amazon. To hammer home his unfounded theory, the president has referred to the paper as the Amazon Washington Post more than a dozen times since 2015, although Mr. Bezos, not the company, is the owner.

That Mr. Trump would slap a childish sobriquet on a man he perceives as a threat is not news. (See Schiff, Adam, whose name the president spun into a vulgarity in a November tweet.) Nor is it news that he went after The Post — a newspaper that has been a thorough and aggressive chronicler of his presidency and the various investigations it has drawn.

The news contained in the tweet on Sunday was something that, at first glance, may not seem like news at all: his praise for The Enquirer.

Sure, The Enquirer turned itself into an effective cheering squad and opposition research shop for Mr. Trump before, during and after the presidential campaign. As part of the effort, the tabloid’s owner, American Media Inc., arranged to effectively silence Karen McDougal, a former Playboy model who claimed to have had an affair with Mr. Trump, with a $150,000 payout. And David J. Pecker, the chairman of American Media, was famously close to Mr. Trump.

Article source: https://www.nytimes.com/2019/01/14/business/media/trump-bezos-national-enquirer-pecker-twitter.html?partner=rss&emc=rss

Executive Shuffle at NBC Hints at C.E.O. Succession

“Mark and Jeff, I think, are two of the most capable people in the entertainment business,” Mr. Burke said in an interview in his offices at 30 Rockefeller Plaza in Manhattan. “Everyone has been very supportive of each other. It was just time.”

As for what the moves mean for Mr. Burke’s future, he added, “I’m not going anywhere.”

Mr. Burke was appointed the head of NBCUniversal in 2011 after Comcast completed its acquisition of the media giant. At the time, over 20 executives reported directly to him. The latest changes will bring that number down to 12.

“We can move faster now,” he said.

Mr. Lazarus, 55, has been the head of NBC Sports since 2011, when he replaced Dick Ebersol. He will now oversee NBC News, MSNBC and the moneymaking cable portfolio that includes Bravo, USA and the E! network. Andrew Lack, the NBC News chairman, will report to Mr. Lazarus.

Mr. Shell, 53, will continue to oversee the film division and also have control of NBC Entertainment as well as the international division and Telemundo. The NBC Entertainment co-chairmen Paul Telegdy and George Cheeks, who replaced Robert Greenblatt in September, will report to Mr. Shell. Before coming to NBC Universal in 2013, Mr. Shell was an executive in Comcast’s programming group.

The move to streaming will be a big one for Ms. Hammer, who joined Universal three decades ago. She has overseen many of NBC’s profitable cable properties for several years, and is one of the most powerful women in television.

Article source: https://www.nytimes.com/2019/01/14/business/media/nbc-executive-changes.html?partner=rss&emc=rss

Hedge Fund Called ‘Destroyer of Newspapers’ Bids for USA Today Owner Gannett

A group of reporters and editors who left the Denver newspaper raised more than $161,000 on a crowdfunding platform for a new publication, The Colorado Sun, which began publishing online in September under Mr. Ryckman’s leadership.

When word of Alden’s potential pursuit of Gannett began to spread after a report by The Wall Street Journal on Sunday night, journalists used Twitter to denounce the possibility.

“Dear @Gannett: I’ve worked for you for 11 years,” Brett Kelman, a Tennessean reporter, wrote. “We do important journalism in many great communities that depend on us. Through thick and thin, I have loved this job. Please don’t sell to these hedge-fund vampires.”

Others said it was a terrible development.

“Digital First is the worst owner of newspapers in America and they will do their best to draw blood from even Gannett’s already desiccated stone,” wrote Joshua Benton, the director of Nieman Journalism Lab.

Alden declined to comment.

Gannett’s revenue was relatively flat from 2014 to the end of 2017, but its profit shrank in that time to $97 million from over $280 million. The company has also cut its work force sharply, including letting go many newsroom employees, over the past few years. A company overview from the end of 2015 recorded 19,600 employees. By the end of 2017, the figure was 15,300.

MNG did not outline how it planned to manage Gannett.

In its letter, MNG was critical of Gannett’s strategy of buying up digital businesses. It has spent over $300 million acquiring online advertising technologies and services, including ReachLocal and WordStream. MNG asked Gannett to immediately start reviewing strategic alternatives and to commit to a freeze on additional acquisitions of digital businesses, which MNG said Gannett had overpaid for in the past.

MNG added that Gannett should also develop a better strategy for the future before hiring a successor to Robert J. Dickey, the chief executive, who is set to leave in May.

Article source: https://www.nytimes.com/2019/01/14/business/dealbook/gannett-takeover-offer-mng.html?partner=rss&emc=rss

Conan O’Brien Wants to Scare Himself With the New, Shorter ‘Conan’

When he looked back on himself in those earliest broadcasts, O’Brien told me on Friday, he said he saw a performer attempting to fulfill competing desires. “We’re trying to be anarchists, but I’m trying to be a good boy and do a good job for the network,” he said. What he’s engaged in now, he said, “is this gradual progression toward me making the job fit me more — what do I like?”

Over breakfast in Los Angeles, O’Brien talked about the decision to restart “Conan,” the changes to the show and what might come next for him in his evolving TV career. These are edited excerpts from that conversation.

How does it feel to be so near to resuming the show, after being away for a few months?

My analogy is, in surgery, when they have to stop your heart so they can operate on you, there’s that weird moment when the doctor must be like, all right, time to start the heart up again! What if it doesn’t start? What if I walked out on the first test show and just started openly weeping? But we’ve done two test shows so far and it feels really good.

When did you first have the idea to take a break from the show and reconceive it?

Last year, I was coming up on 25 years as a late-night host. It made me realize, wait a minute, really? I remember when Johnny Carson retired, it was 30. At the time, that was such a big part of the story, that someone had had a television show for 30 years. It just struck me that the miles do add up. The repetition can get to you after a while. I was the new guy for so long, and then that card flips overnight — you go from the inexperienced, nervous punk to the old dean emeritus. I started to think, does it have to be that way? Let’s say I’ve got a couple years left in me. What if I tried to, in the most selfish way possible, alter this so that I have a maximum amount of fun? I decided to scare myself.

What led you to these other activities — the live tour, the podcast, the travel shows?

I had done a tour before, but this was no bells and whistles. I started out thinking, I need like 10 minutes up front. Then that became 15, then that became 20, then that become half an hour. By the end it was 40 minutes. It was really liberating.

Article source: https://www.nytimes.com/2019/01/14/arts/television/conan-obrien-tbs-show-reboot-half-hour.html?partner=rss&emc=rss

Consider Firing Your Male Broker

Clare Francis, a director at Barclays Smart Investor, agreed with the researchers, who attributed the difference in performance to women’s judiciousness. “The stock market is often portrayed as a high-energy, risky environment,” she said. “But this analysis shows that taking a more long-term view about what to invest in, rather than picking eye-catching and potentially more volatile shares, is actually likely to provide a better return on your money.”

In one of my favorite papers, “Boys Will Be Boys,” published in the Quarterly Journal of Economics, Terrance Odean at U.C. Berkeley and Brad Barber at U.C. Davis found that accounts owned by women outperformed those of men because women traded a whopping 69 percent less than men and incurred less in trading costs. Why did the men trade more? The research indicates men regularly exhibit overconfidence in their ability.

Christine Lagarde, chairwoman of the International Monetary Fund, was one of many world leaders to remark that the 2008 crisis might have never happened if there had been more women in high-ranking positions to pull the reins on the testosterone-tinged frenzy. Instead, all told, $19.2 trillion of household wealth was lost in America alone.

As a result, finance in general, and the financial advice field in particular, continues to be viewed as an industry plagued with slick con artists. And it’s a shame because as much as we may trust our best friends and close relatives, we rarely disclose to them that most private and sensitive aspect of our personal information: the state of our money. That discretion is instead placed with your financial adviser, who ideally is one of the good guys (or gals) in your life.

He listens first. You can calculate to the penny how much you paid for his services last year. His company adheres to the fiduciary standard of putting clients’ interests first. Your financial plan does not conveniently lean on products that happen to pay him a hefty sales commission. Usually, you’re the one calling back, because he’s anticipating your needs before they arise.

Article source: https://www.nytimes.com/2019/01/14/opinion/business-economics/new-year-resolution-investor-gende-gap.html?partner=rss&emc=rss