Markets News Stocks 

The best strategy to recover from a stock-market bottom is one you already know

“For some younger investors, the mortgage-credit crisis, stock-market bloodbath and eventual rebound might seem irrelevant, or even ancient history” writes Investing Columnist for marketwatch.com. Since we’re 10 years out from the bottom, you will be impressed with the 10-year return figures for most stock mutual funds.Even the most reasonable person can panic during a sustained stock-market decline.Charles Lemonides is the chief investment officer of ValueWorks, which is based in New York and has about $200 million in assets under management. Source: marketwatch.com

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ICJ: Iran bid to recover funds frozen in U.S. can proceed

“The International Court of Justice (ICJ) ruled on Wednesday that Iran can proceed with a bid to recover billions of dollars in frozen assets the United States says must go to victims of attacks blamed on Tehran” reports tehrantimes.com. The ruling by the International Court of Justice relates to a complaint filed by Iran in June 2016 “for the confiscation and theft of two billion dollars of the property of the central bank,” President Hassan Rouhani said at the time. Source: tehrantimes.com

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EU court to rule on legality of Belgian tax break, may affect Apple

“The Netherlands has to recover between 20-30 million euros from Starbucks” reports businessinsider.com. The scheme allowed the companies to claim deductions for economies of scale, reducing their corporate tax base by 50-90 percent.At stake is whether the Commission is over-stretching its powers by using its state aid tool to address tax fairness concerns. Source: businessinsider.com

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Markets News Regulators 

Emerging markets set for a ‘rally’ after last year’s rout, says strategist

“With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday” writes -mary Nicola for cnbc.com. Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies.Some emerging market stock indexes also saw steep declines.But those markets should turn around this year, said Mary Nicola, a G-10 foreign exchange and Asian fixed…

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Mission to recover body found in Emiliano Sala plane crash begins

“The mission to recover a body found in the plane carrying Emiliano Sala and David Ibbotson began on Tuesday evening, more than two weeks after they crashed into the English Channel” writes Jamie Johnson for telegraph.co.uk. The Air Accident Investigation Branch confirmed that the Geo Ocean III, an 80m state of the art oceanographic ship, is currently in place above the crash site and a remotely operated vehicle (ROV) is attempting to secure the body, before bringing it to the surface.However, strong tides are hampering the primary stages of the…

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Sala plane crash investigators determined to recover wreckage after body…

“Authorities conducting an ongoing investigation into the disappearance of a plane carrying Emiliano Sala remain determined to recover the wreckage from the English Channel” reports sportingnews.com. But, in this case, the plane was found. “You should ask yourself a question: why be involved in these searches, locate the plane and then decide not to recover it?.  Source: sportingnews.com

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IRS will need at least a year to recover from shutdown, watchdog tells Congress

“The watchdog group told House staffers that the recovery would take between 12 and 18 months, one House aide said” writes Reporter For Wonkblog for washingtonpost.com. About 2,000 recently hired IRS employees also need to be trained before they can start answering taxpayer questions over the phone.The government shutdown also delayed training for IRS employees, who must be taught how to implement changes to the tax code passed by Republicans in 2017.But some IRS employees are glad to be going back to work. Source: washingtonpost.com

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AI teaches 4-legged robots how to recover when they fall

“Teaching robots to walk is one thing, but what about helping them to learn how to recover from a stumble?” writes Kyle Wiggers for venturebeat.com. Over the course of 50 tests where the robot started from a lying position, the self-righting policy managed to recover within 5 seconds.Additionally, they proved to be remarkably robust, because they were able to handle unpredictable scenarios such as when the robot’s legs become stuck below its base.The researchers concede that the system was only trained and tested on flat ground, meaning it’d likely fail in case…

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