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‘Psychic octopus’ chopped up and eaten before World Cup knockout stage

“Follow the Independent Sport on Instagram here, for all of the best images, videos and stories from around the sporting world” writes Tom Barnes for independent.co.uk. The feline garnered a reputation as a fortune-teller during last year’s Confederations Cup for predicting the results of matches by choosing one of two plates of food marked with a flag. Source: independent.co.uk Share This:

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Higher US spending may yield 5 percent bump in defense mergers, survey predicts

“Respondents were split on valuations, with about half predicting increases of up 15 percent and the other half predicting no change” writes George Frey Bloomberg for washingtonexaminer.com. As the Trump administration ramps up military spending, mergers among aerospace and defense contractors may jump as much as 5 percent, according to a survey from investment bank KippsDeSanto & Co.Earlier this year, President Trump followed through on a campaign promise to increase U.S. defense spending when he signed a $1.3 trillion bill to fund the government through September. Source: washingtonexaminer.com Share This:

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Predicting Enemies: Military Use of Predictive Algorithms

“As the U.S. military develops algorithms that offer recommendations to military commanders about operational and detention choices, the military can and should learn from critiques of criminal justice algorithms” writes Ashley Deeks Is for lawfareblog.com. These predictive algorithms have spawned controversies because their operations are often opaque and some algorithms use biased data.Second, the military should clearly identify the laws and policies that govern its use of predictive algorithms.The growing military-use of predictive algorithms and artificial intelligence is stirring up corporate and academic protests.Yet these same types of predictive algorithms…

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Markets News Regulators 

One of the biggest indicators of an economic downturn might not be predicting one this time

“The U.S. Treasury yield curve has flattened for much of 2017, and spreads between long and short maturities recently narrowed to decade lows” writes Richard Turnill for businessinsider.com. The short end of the curve is mainly tied to market expectations for Federal Reserve (Fed) policy rates.Our BlackRock Growth GPS points to steady and above-trend developed market growth of around 2%.The flatter yield curve is not a recessionary signal, so what is it telling us?. Much of this year’s earlier yield curve flattening represented a reversal of the 2016 steepening that accompanied surging…

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UBS slashes Tesla profit estimates predicting more Model 3 problems

“UBS reaffirmed its sell rating on the electric car maker’s shares, predicting Tesla will continue to have issues producing its Model 3 vehicles” writes Alexandria Sage for cnbc.com. Langan reiterated his $185 12-month price target for Tesla shares, representing 42 percent downside to Friday’s close.In the third quarter, Tesla delivered 26,150 total vehicles and just 220 Model 3 cars versus the FactSet estimates of 25,860 and 1,260, respectively.The analyst lowered his profit estimates for the company due to the “slower Model 3 ramp.”.  Source: cnbc.com Share This:

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Research breakthrough raises hope of predicting future outbreaks

“Scientists studying links between the Ebola virus and deforestation have made a breakthrough that could lead to the development of an early warning system for outbreaks” writes Hannah Summers for theguardian.com. But now experts have discovered a striking correlation between forest loss and the timing of outbreaks, which could in future make it possible to identify areas at risk more effectively. Source: theguardian.com Share This:

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J.C. Penney suffers worst stock drop ever after predicting loss

“J.C. Penney Co. shares tumbled the most since they began trading in 1980, hurt by deeper losses and a sense among investors that department stores are stuck in an intractable slide” writes Jonathan Roeder for sun-sentinel.com. The move spotlighted key problems for the department-store field: hard-to-sell inventory and a reliance on deep discounts to move stock. Source: sun-sentinel.com Share This:

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Hurricane Harvey more costly than Katrina, Sandy combined: Estimate

“President Trump on Tuesday was already predicting Harvey would be the most expensive disaster in U.S. history” writes Pete Kasperowicz for washingtonexaminer.com. Greg Abbott was predicting the cost of recovering from Harvey would likely exceed the costs of Katrina.On Thursday, AccuWeather founder Joel Myers said the cost of Harvey would exceed the combined costs of Hurricane Katrina and Superstorm Sandy, which had been the top two most expensive natural disasters to hit the United States. Source: washingtonexaminer.com Share This:

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