Month: December 2018

Race Plays Huge Role in Cleft Lip/Palate Deformities

A cleft lip or cleft palate is one of the most common birth defects worldwide. Before birth, babies can have a split, or cleft, in their lip and the roof of the mouth. This split normally closes between the 6th to 11th week of pregnancy. If this doesn’t happen, and the baby is born with this split, doctors can usually fix it. But if the cleft isn’t fixed, the baby can have serious health problems and a shortened life.

In the U.S. and other developed countries, corrective surgery is done when a baby is between three months and 18 months old.  Surgical intervention is less common in less developed nations.

Dr. Albert Oh, a pediatric plastic surgeon, said he performs one or two corrective surgeries a week at Children’s National hospital in Washington.

“We’re one of the busiest centers in the United States, and so my partner and I, we average over a hundred primary cases per year.”

About one out of every 1,500 babies in the U.S. is born with a cleft palate. One out of every 900 babies is born with cleft lip. Babies of African descent have lower odds — one out of every 1,200 births.

Dr. Yang Chai at the University of Southern California said Asians are most at risk.

“If you look at a patient population worldwide, if you are Asian, the prevalence is about 1 out of 700.”

These children are often stigmatized because of the way they look. But complications from a cleft lip and cleft palate go beyond the cosmetic. They impact speech and cause dental problems. A baby with a cleft palate cannot suck and is at risk of being malnourished. Malnutrition, in turn, causes stunted growth.

Dr. Ben Gitterman, a pediatrician who has worked as a volunteer in low-income countries to help these children, said the experience was life-changing.

“Seeing these kids and thinking, ‘What a cute little 3 or 4 year old,’ and finding that 3 or 4 year old was 7, 8 or 9.  And because of the fact that they couldn’t process food, they couldn’t eat well. They had been so stunted … by malnutrition. Not malnutrition from the lack of food in the community, but because they couldn’t feed properly because of the cleft lip and palate situation. These were tiny little kids, and I was in shock.”

Gitterman has volunteered numerous times with Operation Smile, one of the charities that organizes surgical missions to help these children.  In a Skype interview with Dr. Bill Magee, Operation Smile’s founder, Magee said his organization’s mission has expanded in the more than 35 years of its existence.

“Up until about 1999, all of our volunteers pretty much came out of the United States. Today, 70 to 80 percent of our missions are done by local people in their countries that we have trained.”

Charitable organizations perform more than 80 percent of cleft lip and cleft palate surgeries in Vietnam, according to a 2016 study issued by Dr. William Magee III and his colleagues at the University of Southern California. Magee III is the son of the founder of Operation Smile.

The report showed how difficult it is for parents to get the surgery their children need in low and middle income countries. It’s common in these countries for medical care to be paid in advance, which many families cannot afford.  

Operation Smile is working to change that.

“It’s given us this incredible opportunity to understand how the infrastructure of surgery is so important … and how to advance that infrastructure in countries all over the world,” Magee said.

As for what causes this condition, genetic factors account for about 30 percent of cleft conditions. The mother’s health is a contributing factor, but scientists are still searching for other causes with the hope of one day being able to prevent children from being born with cleft lips or palates.

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RUSADA’s Chief Appeals to Putin Over Doping Data

The head of the Russian Anti-Doping Agency has asked for President Vladimir Putin’s help in getting Russian officials to hand over key doping data to World Anti-Doping Agency inspectors.

WADA reinstated the suspended RUSADA in September on the condition Russian authorities hand over lab data, which could help confirm a number of violations uncovered during an investigation that revealed a state-sponsored doping program designed to win medals at the 2014 Olympics and other major events.

WADA officials said earlier this month they were leaving Moscow empty-handed after Russian authorities prevented them from accessing data.

In a letter released Thursday, RUSADA chief Yuri Ganus appealed to Putin to reverse the decision and allow the data to be given to WADA inspectors. Ganus warned that refusal to do so would hurt Russia’s efforts to clean up its sports from doping.

WADA has previously said that Russia unexpectedly demanded its equipment be “certified under Russian law.” The deadline to turn over the data is Dec. 31.

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Times Square New Year’s Eve Ball Gets Some New Sparkle

Preparations for New Year’s Eve in Times Square are taking shape, and some of those shapes are 192 new crystal triangles on the famous ball.

The new Waterford crystal triangles will join about 2,500 others Thursday on the big, sparkling sphere. Some new crystals are swapped in every year.

This year’s additions feature rosette cuts designed to make them appear to flow harmoniously into each other. That’s in keeping with this year’s “gift of harmony” theme.

The ball measures 3.5 meters (12 feet) in diameter and weighs almost 5,450 kg (nearly 12,000 pounds). It’s positioned atop One Times Square.

 

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Source: Foxconn to Begin Assembling Top-End Apple iPhones in India in 2019

Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter.

Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.

The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu, said the source, who is not authorized to speak to the media and so declined to be named.

Foxconn, which already makes phones for Xiaomi Corp in India, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone production, Tamil Nadu’s Industries Minister M C Sampath told Reuters.

The investment may create as many as 25,000 jobs, he added. Another source also said Foxconn planned to assemble iPhones in India, in a move that could help both it and Apple to limit the impact of a trade war between the United States and China.

The Hindu newspaper first reported on Dec. 24 that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters is first to report the size of the investment and the kind of phones to be assembled.

Apple spokeswoman Trudy Muller declined to comment. Foxconn said it did not comment on matters related to current or potential customers, or any of their products.

Lower-end phones

Until now, Cupertino, California-based Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp’s local unit in the Bengaluru technology hub.

Its sales in India have also been focused on lower-end phones – more than half of its sales volume is driven by models older than the iPhone 8, launched last year, according to technology research firm Counterpoint.

Apple launched the pricey iPhone X last year but has cut production of that phone, according to industry analysts, since it began selling the newer versions, iPhone XS and XR, globally this year.

Still, it could potentially get Foxconn to make the older iPhone X version in India where it sells cheaper models in a bid to get a bigger share of the world’s fastest growing major mobile phone market.

Full details of Apple’s deal with Foxconn are not yet clear and could change.

It is not known if any of the iPhone assembly is being moved from existing Foxconn factories in China and elsewhere. It is also unclear whether the production will be confined to assembly or include any component production in India.

Looking beyond China

For Apple, widening assembly beyond China is critical to mitigate the risks of the Sino-U.S. trade war.

Foxconn, the world’s biggest electronics contract manufacturer, is considering setting up a factory in Vietnam, Vietnamese state media reported this month. If that goes ahead, it will be one of the biggest recent steps by a major company to secure an additional production base outside of China.

Foxconn has previously admitted the China-U.S. trade spat was its biggest challenge and that its senior executives were making plans to counter the impact.

“Widening iPhone manufacturing in India through Foxconn will allow Apple to hedge the risk of any new U.S. trade policies,” said Navkendar Singh, an associate research director at International Data Corporation.

Indian taxes on import of devices and components have also heightened Apple’s headache in a market where it has only a 1 percent share by smartphone shipments.

Making more phones locally will help Apple save costly duties and boost Prime Minister Narendra Modi’s flagship drive to make India a manufacturing hub, Singh said.

Apple shocked investors last month with a lower-than-expected sales forecast for the Christmas quarter that jolted parts suppliers across the world.

Foxconn has previously expressed concern over demand for Apple’s flagship devices.

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Tesla Sets up Shanghai Financial Leasing Unit as China Plans Accelerate

Tesla Inc has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up its push into China.

The California-based carmaker, led by billionaire Chief Executive Elon Musk, has opened a wholly-owned financial leasing unit in Shanghai’s free trade zone with registered capital of $30 million, according to China’s National Enterprise Information Publicity System.

Its scope includes leasing and consultancy, the document said, which listed the firm’s legal representative as Zhu Xiaotong, Tesla’s boss in China.

Tesla declined to comment.

The company has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, Reuters reported earlier this month.

The $2 billion factory, Tesla’s first in China, marks a major bet by the U.S. electric vehicle (EV) maker as it looks to bolster its presence in the world’s biggest auto market where it faces rising competition from a swathe of domestic EV makers and its earnings have been hit by increased tariffs on U.S. imports.

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Aid Group: 10 Worst Climate-Linked Disasters of 2018 Caused $85B in Damage

From floods to extreme heat, 10 of the worst climate-linked disasters in 2018 caused at least $84.8 billion worth of damage, said a study released by the charity Christian Aid on Thursday.

Extreme weather driven by climate change hit every populated continent this year, the British relief organization said, warning urgent action was needed to combat global warming.

“This report shows that for many people, climate change is having devastating impacts on their lives and livelihoods right now,” said Kat Kramer, who heads Christian Aid’s work on climate issues, in a statement.

Experts say a warming world will lead to sweltering heatwaves, more extreme rainfall, shrinking harvests and worsening water shortages, causing both monetary losses and human misery.

Almost 200 nations are aiming to limit the rise in average world temperatures under the landmark 2015 Paris Agreement, though some warn progress to meet targets has been slow.

The 20 warmest years on record have been within the last 22 years, the United Nations said last month, with 2018 on track to be the fourth hottest.

The most expensive climate-linked weather events of 2018 were Hurricanes Florence and Michael, which caused at least $32 billion worth of damage as they slammed into the United States, the Caribbean and parts of Central America, the report said.

The United States also suffered at least $9 billion of losses from wildfires that caused dozens of deaths and destroyed thousands of homes in California.

Japan was badly hit by severe floods over the summer, followed by the powerful Typhoon Jebi in autumn, which together caused more than $9.3 billion in damages, said the report.

It also cited droughts in Europe, floods in southern India and Typhoon Mangkhut in the Philippines and China among the most expensive climate-linked disasters of 2018.

The report’s authors collated total cost figures using data from sources including governments, banks and insurance firms, though in some cases the figures only covered insured losses and also failed to take account of the human costs of such events.

They added that rising temperatures would continue to drive extreme weather events as they urged action to prevent further global warming which would impact the poorest and most vulnerable communities hardest.

“The impacts of climate change are no longer subtle,” said Michael Mann, professor of Atmospheric Science at Penn State University, in a statement on the study.

“The world’s weather is becoming more extreme before our eyes – the only thing that can stop this destructive trend from escalating is a rapid fall in carbon emissions.”

 

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US Legal Marijuana Industry Had Banner Year in 2018

The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream.

Liberal California became the largest legal U.S. marketplace, while conservative Utah and Oklahoma embraced medical marijuana. Canada ushered in broad legalization , and Mexico’s Supreme Court set the stage for that country to follow.

U.S. drug regulators approved the first marijuana-based pharmaceutical to treat kids with a form of epilepsy, and billions of investment dollars poured into cannabis companies. Even main street brands like Coca-Cola said they are considering joining the party.

“I have been working on this for decades, and this was the year that the movement crested,” said U.S. Rep. Earl Blumenauer, an Oregon Democrat working to overturn the federal ban on pot. “It’s clear that this is all coming to a head.”

With buzz building across the globe, the momentum will continue into 2019.

Luxembourg is poised to become the first European country to legalize recreational marijuana, and South Africa is moving in that direction. Thailand legalized medicinal use of marijuana on Tuesday, and other Southeastern Asian countries may follow South Korea’s lead in legalizing cannabidiol, or CBD. It’s a non-psychoactive compound found in marijuana and hemp plants and used for treatment of certain medical problems.

“It’s not just the U.S. now. It’s spreading,” said Ben Curren, CEO of Green Bits, a San Jose, California, company that develops software for marijuana retailers and businesses.

Curren’s firm is one of many that blossomed as the industry grew. He started the company in 2014 with two friends. Now, he has 85 employees, and the company’s software processes $2.5 billion in sales transactions a year for more than 1,000 U.S. retail stores and dispensaries.

Green Bits raised $17 million in April, pulling in money from investment firms including Snoop Dogg’s Casa Verde Capital. Curren hopes to expand internationally by 2020.

“A lot of the problem is keeping up with growth,” he said.

Legal marijuana was a $10.4 billion industry in the U.S. in 2018 with a quarter-million jobs devoted just to the handling of marijuana plants, said Beau Whitney, vice president and senior economist at New Frontier Data, a leading cannabis market research and data analysis firm. There are many other jobs that don’t involve direct work with the plants but they are harder to quantify, Whitney said.

Investors poured $10 billion into cannabis in North America in 2018, twice what was invested in the last three years combined, he said, and the combined North American market is expected to reach more than $16 billion in 2019.

“Investors are getting much savvier when it comes to this space because even just a couple of years ago, you’d throw money at it and hope that something would stick,” he said. “But now investors are much more discerning.”

Increasingly, U.S. lawmakers see that success and want it for their states.

Nearly two-thirds of U.S. states now have legalized some form of medical marijuana.

Voters in November made Michigan the 10th state — and first in the Midwest — to legalize recreational marijuana. Governors in New York and New Jersey are pushing for a similar law in their states next year, and momentum for broad legalization is building in Pennsylvania and Illinois.

“Let’s legalize the adult use of recreational marijuana once and for all,” New York Gov. Andrew Cuomo said last week.

State lawmakers in Nebraska just formed a campaign committee to put a medical cannabis initiative to voters in 2020. Nebraska shares a border with Colorado, one of the first two states to legalize recreational marijuana, and Iowa, which recently started a limited medical marijuana program.

“Attitudes have been rapidly evolving and changing. I know that my attitude toward it has also changed,” said Nebraska state Sen. Adam Morfeld, a Democrat. “Seeing the medical benefits and seeing other states implement it … has convinced me that it’s not the dangerous drug it’s made out to be.”

With all its success, the U.S. marijuana industry continues to be undercut by a robust black market and federal law that treats marijuana as a controlled substance like heroin. Financial institutions are skittish about cannabis businesses, even in U.S. states where they are legal, and investors until recently have been reluctant to put their money behind pot.

Marijuana businesses can’t deduct their business expenses on their federal taxes and face huge challenges getting insurance and finding real estate for their brick-and-mortar operations.

“Until you have complete federal legalization, you’re going to be living with that structure,” said Marc Press, a New Jersey attorney who advises cannabis businesses.

At the start of the year, the industry was chilled when then-U.S. Attorney General Jeff Sessions rescinded a policy shielding state-licensed medical marijuana operators from federal drug prosecutions. Ultimately the move had minimal impact because federal prosecutors showed little interest in going after legal operators.

Sessions, a staunch marijuana opponent, later lost his job while President Donald Trump said he was inclined to support an effort by U.S. Sen. Cory Gardner, a Colorado Republican, to relax the federal prohibition.

In November, Democrats won control of the U.S. House and want to use it next year to pass legislation that eases federal restrictions on the legal marijuana industry without removing it from the controlled substances list.

Gardner and Massachusetts Democratic Sen. Elizabeth Warren have proposed legislation allowing state-approved commercial cannabis activity under federal law. The bill also would let states and Indian tribes determine how best to regulate marijuana commerce within their boundaries without fear of federal intervention.

If those provisions become law, they could open up banking for the marijuana industry nationwide and make it easier for cannabis companies to secure capital.

Blumenauer’s “blueprint” to legalize marijuana also calls for the federal government to provide medical marijuana for veterans, more equitable taxation for marijuana businesses and rolling back federal prohibitions on marijuana research, among other things.

“We have elected the most pro-cannabis Congress in history and more important, some of the people who were roadblocks to our work … are gone,” Blumenauer said. “If we’re able to jump-start it in the House, I think there will be support in the Senate, particularly if we deal with things that are important, like veterans’ access and banking.”

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Miley Cyrus, Liam Hemsworth Reportedly Got Married

Miley Cyrus and Liam Hemsworth appear to have tied the knot amid reports the couple got married in a secret wedding ceremony.

Cyrus posted three black-and-white photos of her and Hemsworth on the singer’s Instagram and Twitter accounts on Wednesday. She captioned her photos writing “10 years later …” and “12.23.18,” possibly indicating the day they exchanged vows.

The 26-year-old Cyrus shared another photo of her and Hemsworth kissing. He also posted a photo of them with words “My love.”

In each picture, Cyrus is dressed in all-white while the 28-year-old actor is wearing a tuxedo with white shoes.

Cyrus and Hemsworth’s representatives did not immediately respond to an email requesting comment.

The couple reconnected in 2015 after an on-and-off relationship. They both starred in the 2010 romantic drama “The Last Song.”

 

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Ronaldo Speaks Out on Racism After Chants Aimed at Koulibaly

Cristiano Ronaldo has come to the defense of Kalidou Koulibaly after the Napoli defender was the target of racist chants during a match at Inter Milan.

Next to a photo of him being marked by Koulibaly during a match between Napoli and Juventus earlier this season, Ronaldo writes in Italian on Instagram , “In the world and in football there always needs to be education and respect. No to racism and to any sort of insult and discrimination!!!”

Koulibaly had monkey noises directed at him throughout the Serie A game on Wednesday at Milan’s San Siro stadium. He was sent off in the 81st minute after receiving two yellow cards in quick succession, the second for sarcastically applauding the referee after being shown the first.

Koulibaly earlier made a decisive goal-line clearance to deny Inter captain Mauro Icardi.

After the game, Napoli coach Carlo Ancelotti threatened to lead his team off the field the next time one of his players was subjected to continued racist abuse. Ancelotti asked several times for the match against Inter to be halted after the chants, and announcements warning fans this would happen were made but no further action was taken.

Koulibaly posted on Twitter of his pride of being born in France to Senegalese parents .

“I’m sorry about the defeat and especially to have left my brothers! But I am proud of the color of my skin. Of being French, Senegalese, Neapolitan: a man,” he wrote in Italian.

Inter beat Napoli 1-0 as Serie A matches were held on Dec. 26 for the first time in nearly 50 years — since 1971.

It was the latest incident of racism to blight Italian football.

Sulley Muntari walked off the field during a Serie A game in April 2017 in response to racist abuse. The Pescara midfielder was infuriated after unsuccessfully trying to get the referee to halt the game at Cagliari.

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Japan to Leave International Whaling Commission; Resume Commercial Whaling

Japan will withdraw from the International Whaling Commission and resume commercial whaling in July. Wednesday’s announcement was met with opposition from animal rights groups, who say that Tokyo is violating international law. Japan says whaling will only be in its own waters and exclusive economic zone. Arash Arabasadi reports.

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Male Campaigner Seeks to End FGM in Kenya’s Maasai Community

Female circumcision — a practice that opponents call female genital mutilation — has been a coming-of-age ritual among the Maasai tribe of Kenya for generations. But it is becoming less common, in part because of one man who is trying to persuade tribe members to abandon the practice. Douglas Meritei began his campaign about 10 years ago. He spoke to Rael Ombuor, who reports for VOA from the Kimana settlement in southern Kenya.

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Report: US Retail Holiday Sales Best in 6 Years

Retail sales in the U.S. for the 2018 holiday season were up more than 5 percent to more than $850 billion, according to data Mastercard released Wednesday, making 2018 the best holiday retail season in the last six years.

The Mastercard SpendingPulse report tracks retail spending across all payment types, including cash and checks, from Nov. 1 through Dec. 24.

The report said online sales also jumped more than 19 percent from last year.

Clothing and home improvement items were the seasonal favorite, while the sale of electronics fell.

The National Retail Federation had predicted holiday sales to increase between 4.3 and 4.8 percent from 2017, for a total of $717.45 billion to $720.89 billion.

Online giant Amazon said 2018 was a record year for its global holiday sales. Amazon said it shipped a billion products for free in the U.S. alone for its Amazon Prime customers.

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Report: US Trade Team to Travel to China for Talks  

A U.S. trade delegation will go to China the week of Jan. 7, Bloomberg reported Wednesday, citing two people familiar with the matter.

It will be the first time the two sides will meet face to face since U.S. President Donald Trump and China’s Xi Jinping agreed to de-escalate a trade war during a meeting in Argentina on Dec. 1.

The U.S. team will be led by Deputy Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury undersecretary for international affairs, Bloomberg said. 

For months, the U.S. and China have engaged in tit-for-tat increases in tariffs on hundreds of billions of dollars’ worth of exports flowing between the two countries. 

At the meeting in Buenos Aires, the two leaders agreed to a 90-day truce in the trade war between the world’s two largest economies.

Trump also agreed to leave the tariffs on $200 billion worth of Chinese products at 10 percent, and not raise them to 25 percent on Jan. 1 as he had threatened.

Trump said his agreement with Xi would go down “as one of the largest deals ever made. … And it’ll have an incredibly positive impact on farming, meaning agriculture, industrial products, computers — every type of product.”

Trump and Xi also agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, nontariff barriers, cyber intrusions and cyber theft, services and agriculture. 

U.S. Trade Representative Robert Lighthizer, who was put in charge of the China talks, said the negotiations would not be extended beyond the 90-day deadline. He said that March 1 was a “hard deadline” that was endorsed by Trump, Bloomberg reported.

Lighthizer will not be part of the team going to Beijing.

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Wall Street Notches Best Day in 10 Years in Holiday Rebound

Wall Street notched its best day in 10 years as stocks rallied back Wednesday, giving some post-Christmas hope to a market that has otherwise been battered this December.

The Dow Jones Industrial Average jumped more than 1,000 points — its biggest point-gain ever — rising nearly 5 percent as investors returned from a holiday break. The benchmark S&P 500 index also gained 5 percent and the technology heavy Nasdaq rose 5.8 percent.

But even with the rally, the market remains on track for its worst December since 1931, during the depths of the Great Depression, and to finish 2018 with its steepest losses in a decade.

Technology companies, health care stocks, banks drove much of the broad rally. Retailers also were big gainers, as traders cheered a healthy holiday shopping season marked by robust consumer spending. Amazon had its biggest gain in more than a year.

But what really might have pushed stocks over the top was a signal from Washington that President Donald Trump would not try to oust the chairman of the Federal Reserve.

On Monday, Trump tweeted another critical volley about the central bank’s policy, rattling markets over the possibility the White House might interfere with the traditionally independent Federal Reserve. But in an interview with The Wall Street Journal published Wednesday, a White House economic adviser said that Fed chairman Jerome Powell is in no danger of being fired.

Energy stock jump

Energy stocks also rebounded as the price of U.S. crude oil notched its biggest one-day gain in more than two years.

All told, the S&P 500 index rose 116.60 points, or 5 percent, to 2,467.70. The Dow soared 1,086.25 points, or 5 percent, to 22,878.45. The tech-heavy Nasdaq gained 361.44 points, or 5.8 percent, to 6,554.36. The Russell 2000 index of smaller-company stocks picked up 62.89 points, or 5 percent, 1,329.81.

Trading volume was lighter than usual following the Christmas holiday. Markets in Europe, Hong Kong and Australia were closed.

“The real question is do we have follow-through for the rest of this week,” said Sam Stovall, chief investment strategist for CFRA.

Wednesday’s gains pulled the S&P 500 back from the brink of what Wall Street calls a bear market — a 20 percent tumble from an index’s peak. A further stumble would have marked the end to the longest bull market for stocks in modern history after nearly 10 years. The index is now down 15.8 percent since its all-time high September 20.

Powell’s position is safe

Stocks fell sharply Monday after Trump lashed out at the central bank. Administration officials had spent the weekend trying to assure financial markets that Fed chairman Jerome Powell’s job was safe. On Tuesday, Trump reiterated his view that the Federal Reserve is raising interest rates too fast, but called the independent agency’s rate hikes a “form of safety” for an economy doing well.

On Wednesday, Kevin Hassett, chairman of the White House Council of Economic Advisers, weighed in, saying Powell is in no danger of being fired, The Wall Street Journal reported.

The lackluster finish to 2018 comes as most economists expect growth to slow in 2019, though not by enough to slide into a full-blown recession. Many economic barometers still look encouraging. Unemployment is at 3.7 percent, the lowest since 1969. Inflation is tame. Pay growth has picked up. Consumers boosted their spending this holiday season.

Even so, traders have been jittery this autumn over signs that the global economy is slowing, the escalating U.S. trade dispute with China and another interest rate increase by the Fed. Many investors are growing worried that corporate profits — which drive stock market gains — are poised to weaken.

Thumps need a ‘vacation’

Some of what Wall Street sees coming out of the White House has added to the market’s uncertainty, specifically the president’s attacks on the Fed and remarks about the ongoing trade conflict with China.

The president could help restore some stability to the market if he “gives his thumbs a vacation,” Stovall said.

“Tweet things that are more constructive in terms of working out an agreement with Democrats and with China. And then just remain silent as it relates to the Fed,” Stovall said.

The partial U.S. government shutdown that started Saturday is unlikely to hurt the economy much, although it may deprive the financial markets of data about international trade and gross domestic product. The Bureau of Economic Analysis said Wednesday that it’s required to suspend all operations until Congress approves funding, which means that the government might not release its fourth-quarter report on gross domestic product as scheduled for January 30.

Technology stocks accounted for much of Monday’s early bounce. Adobe rose 8.7 percent to $222.95. Payment processors Visa and Mastercard also headed higher. Visa added 7 percent to $130.23, while Mastercard gained 6.7 percent to $186.43.

Big retailers were among the gainers. Amazon climbed 9.4 percent to $1,470.90. Kohl’s gained 10.3 percent to $65.92. Nordstrom picked up 5.8 percent to $46.75.

Homebuilders mostly rebounded after an early slide following a report indicating that annual U.S. home price growth slowed in October. PulteGroup climbed 4.7 percent to $25.85.

U.S. crude climbs

Benchmark U.S. crude climbed 8.7 percent to settle at $46.22 a barrel in New York. Brent crude, used to price international oils, gained 7.9 percent to $54.47 a barrel in London.

The pickup in oil prices helped boost energy stocks. Marathon Petroleum rose 4.8 percent to $56.93.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.79 percent from 2.75 percent late Monday.

The dollar strengthened to 111.36 yen from 110.41 yen on Monday. The euro weakened to $1.1351 from $1.1404.

Gold edged up 0.1 percent to $1,273 an ounce and silver gained 2 percent to $15.12 an ounce. Copper gained 1.5 percent to $2.70 a pound.

Around the world

In other trading Wednesday, South Korea’s Kospi gave up 1.3 percent, while Japan’s Nikkei 225 index, which plunged 5 percent on Tuesday, picked up 0.9 percent. Shares fell in Taiwan, Singapore and Indonesia, but rose in Thailand.

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Study: Work in Space Does Not Seem to Shorten Astronauts’ Lives

Although space travel exposes astronauts to forms of radiation that are uncommon on Earth, and that are linked to cancers and heart problems, a U.S. study suggests this doesn’t significantly shorten their lives.

Researchers compared nearly 60 years of data on U.S. male astronauts and a group of men who are similarly extra-fit, affluent and receive elite health care: pro athletes. They found that neither group has higher rates than the other of death overall or of early deaths. Both groups do tend to outlast the 

rest of us, however. 

Astronauts are generally well-educated, more affluent and more physically fit than the typical American, and some previous research has linked this career to a lower risk of premature death, the study team notes in Occupational & Environmental Medicine. 

But much of the previous research on mortality rates in astronauts hasn’t accounted for the mental and physical demands of this career, or the so-called “healthy worker effect” that leads people with employment of any kind to typically have fewer medical issues than individuals who are unable to work, said study co-author Robert Reynolds of Mortality Research & 

Consulting Inc. in City of Industry, Calif. 

Comparable group needed

“The challenge has always been to understand if astronauts are as healthy as they would be had they been otherwise comparably employed but had never gone to space at all,” Reynolds said by email. “To do this, we needed to find a group that is comparable on several important factors, but has never 

been to space.” 

The researchers compared mortality rates for male U.S. astronauts to those of professional athletes from Major League Baseball and the National Basketball Association between 1960 and mid-2018.

Both athletes and astronauts had a lower risk of premature death than the general population, the study found. And there was no meaningful mortality difference between NBA and MLB players.

Astronauts were more likely to die of accidents and other external causes, and less likely to die from heart disease and all other natural causes, the study also found. 

“We cannot be sure from the data we have, but we speculate that cardiovascular fitness in particular is the most important factor in astronaut longevity,” Reynolds said. 

The results suggest that radiation exposure in space might not lead to a premature death for astronauts due to heart problems or certain cancers, the study authors conclude. In fact, astronauts had a lower rate of death from heart disease than the NBA and MLB players, and had cancer mortality similar to the athletes’ rates.

The study wasn’t designed to prove whether or how space travel may directly impact human health. It also didn’t examine mortality among female astronauts or athletes. 

Lower radiation exposure

Radiation exposure may also have been much lower during early missions to the moon and not reflect what would happen with the current generation of astronauts, said Francis Cucinotta, a researcher at the University of Nevada-Las Vegas, who wasn’t involved in the study.

“The missions in the past were low dose, while in the future the dose would be 50 to 100 times higher for a Mars mission,” Cucinotta said by email.

Astronauts have typically never smoked, leading to a lower risk of heart disease than the general population, Cucinotta added. 

Diet and exercise also set astronauts and professional athletes apart from the rest of the population, said Michael Delp, a researcher at Florida State University in Tallahassee who wasn’t involved in the study.

“When physical fitness is a requisite part of a job, such as with astronauts and professional athletes, this is a major determinant of the healthy worker effect,” Delp said by email. 

Even for the rest of us, “remaining or becoming physically active and maintaining a well-balanced diet greatly improves overall health and well-being, and can enhance successful aging,” Delp said.

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Indian State to Return Unused Land to Farmers

Farmers in the Indian state of Chhattisgarh are getting back land that was taken from them more than a decade ago by the government because it was not used, a rare move in a country riven by conflict over land.

Chief Minister Bhupesh Baghel of the Congress Party, which won a state election earlier this month with pledges to honor land rights, said he has asked officials to return about 2,000 hectares (7.7 square miles) in Bastar district.

“The process of returning the land will start soon,” Baghel said in a statement earlier this week, without giving details.

Return of land is rare in India, where conflicts have risen as highways and factories are built in one of the fastest growing economies in the world.

About 660 disputes over land have stalled hundreds of projects and forced millions of people from their farms across India, according to research organization Land Conflict Watch.

Chhattisgarh, under the earlier Bharatiya Janata Party (BJP) government, agreed in 2005 to allocate land for a Tata Steel factory in Bastar. Farmers protested giving up their land.

Tata Steel, among the world’s top producers, pulled out of the project in 2016, citing delays.

Authorities said then the land would go into a land bank for other developments to generate jobs in one of India’s poorest states.

“The farmers who lost their land have suffered for years, and struggled to make a living,” said Kishore Narayan, a lawyer with advocacy Human Rights Law Network in Chhattisgarh.

“We hope that the state will look into all cases of lands lying idle and return them,” he told the Thomson Reuters Foundation on Wednesday.

India has enacted numerous laws to protect the rights of farmers.

A 2013 federal land acquisition law, passed by the Congress government, made consent of farmers mandatory, and introduced adequate compensation and resettlement for those affected.

Any unutilized land is to be returned to owners after five years, or go into the state land bank.

In 2016, the Supreme Court ordered West Bengal state to return land that had been acquired for a Tata Motors factory but was not used, after a decade-long fight by farmers.

Last year, South Korean steelmaker POSCO asked Odisha state to take back land allotted to it for a long-delayed steel project and return it to villagers, although authorities said the land will revert to the state.

Also last year, the Supreme Court heard a petition by an advocacy group, which said about 80 percent of land acquired for large industrial zones was lying idle.

Land rights have come to the fore in recent state elections, and could hurt Prime Minister Narendra Modi’s ruling Hindu nationalist BJP party in an upcoming national election, as farmers make up a big voting bloc, analysts say.

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Serena Voted AP Female Athlete of the Year for 5th Time

She showed up in Paris wearing a black catsuit, a reminder that nobody can command the Grand Slam stage quite like Serena Williams.

She reached the finals at Wimbledon and the U.S. Open, proving again how well she can play no matter how little she practices.

Williams didn’t win those or any other tournaments, which in every other situation might have made for a forgettable year.

In 2018, it was a remarkable one.

Her rapid return to tennis after a health scare following childbirth was a victory in itself, and for that, Williams was voted The Associated Press Female Athlete of the Year for the fifth time.

Williams received 93 points in balloting by U.S. editors and news directors announced Wednesday, while gymnast Simone Biles was second with 68. Notre Dame basketball player Arike Ogunbowale was third, while Olympic snowboarder Chloe Kim and swimmer Katie Ledecky, the 2017 winner, rounded out the top five.

All of those players won a title or titles in 2018, while Williams had to settle for just coming close a couple of times.

Now 37 and a new mother facing some players who weren’t even born when she turned pro in 1995, Williams isn’t the same person who ruthlessly ran her way to 23 Grand Slam singles titles — the last of which came at the 2017 Australian Open when she was pregnant.

“I’m still waiting to get to be the Serena that I was, and I don’t know if I’ll ever be that, physically, emotionally, mentally. But I’m on my way,” Williams said on the eve of the U.S. Open final. “I feel like I still have a ways to go. Once I get there, I’ll be able to play even hopefully better.”

The Male Athlete of the Year will be announced Thursday.

The women’s award has been won more only by Babe Didrikson Zaharias, whose six wins included one for track and five for golf.

Williams’ previous times winning the AP honor, in 2002, 2009, 2013 and 2015, were because of her dominance.

This one was about her perseverance.

Williams developed blood clots after giving birth to daughter Alexis Olympia Ohanian Jr. on Sept. 1, 2017, and four surgeries would follow. She returned to the WTA Tour in March and played in just a pair of events before the French Open, where she competed in a skin-tight, full-length black catsuit .

She said the outfit — worn partly for health reasons because of the clots — made her feel like a superhero, but her game was rarely in superstar shape. She had to withdraw in Paris because of a right pectoral injury and didn’t play again until Wimbledon, where she lost to Angelique Kerber in the final.

Williams came up short again in New York, where her loss to Naomi Osaka in the final will be remembered best for her outburst toward chair umpire Carlos Ramos, who had penalized Williams for receiving coaching and later penalized her an entire game for calling him a “thief” while arguing.

That loss leaves her one major title shy of Margaret Court’s record as she starts play next year in a WTA Tour that will look different in part because of new rules coming about after issues involving Williams. Players returning to the tour may use a “special ranking” for up to three years from the birth of a child, and the exemption can be used for seedings at big events. Also, the tour says players can wear leggings or compression shorts at its tournaments without a skirt over them.

Williams insists she is still driven to play and win as much if not more than before she was a mother. That drive is the focus of a Nike ad showing her in action.

“Getting this far, crazy,” it says. “Stopping now, crazier.”

Williams won’t.

“I’m still on the way up,” she said. “There’s still much more that I plan on doing.”

The rest of the top five:

Simone Biles, gymnastics . The American won four golds and six medals overall in the world championships in Qatar, giving her 20 in her career to tie Russia’s Svetlana Khorkina for the most by a female gymnast.

Arike Ogunbowale, women’s basketball . She hit one jumper to knock off previously unbeaten Connecticut in the Final Four, then a 3-pointer in the championship game to lift Notre Dame over Mississippi State.

Chloe Kim, snowboarding . At 17, the Californian won the halfpipe Olympic gold medal in South Korea, where her parents were from before they immigrated to the United States.

Katie Ledecky, swimming . The 21-year-old U.S. Olympian tuned up for the 2020 Games in Tokyo by winning five medals in the city at the Pan Pacific Championships.

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Indian Casinos Across US Wary of Betting on Sports Books

Two dozen large-screen TVs showing football and other sports line the walls. There’s beer on tap, bar top seating and leather chairs. Chicken wings are on the menu. And at this American Indian casino in the heart of college-football mad Mississippi, you can legally bet on the games.

The sports book owned by the Mississippi Band of Choctaw Indians is the first to open on tribal lands outside of Nevada following a U.S. Supreme Court ruling earlier this year, a no-brainer business decision given the sports fans among its gambling clientele.

“We are basically two hours from Tuscaloosa, Alabama, and then, we are just an hour from Mississippi State. We have Ole Miss just to the north of that, and we have Southern Miss — they’re not SEC, but they are a player. We are not that far from Louisiana,” said Neal Atkinson, the tribe’s director of gaming.

The book at Pearl River Resort is packed every college football Saturday, but remains an outlier months after the high court opened the door for expanded sports gambling across the United States by striking down a federal ban.

Tribes enthusiastically welcomed the decision in May but since then, the regulatory challenges and low-margin nature of the business have sunk in. Few Indian casinos have an enviable location like the Choctaw and many need state approval to add sports betting to their offerings.

Indian casinos started small three decades ago, but they have grown to be an annual $32.4 billion segment of the U.S. gambling industry. The roughly 475 casinos operated by nearly 240 tribes create jobs for tribal members and profits that help pay a variety of services, including health care and housing.

Some casinos only have games like bingo or pull tabs that don’t need state approval. But the majority of them also have state-authorized slot machines, blackjack and other table games, according to the National Indian Gaming Commission.

Many tribes share a portion of casino profits with state governments in exchange for exclusive rights to conduct gambling operations within their states.

To offer sports betting, the majority of tribes would have to renegotiate compacts that vary widely in cycles and the issues covered, though some tribes believe their existing agreements already give them the right to offer the new wagers.

“There’s a broad spectrum in Indian Country covering two extremes: Tribal nations that would not benefit at all, and on the other end, tribal nations that would significantly benefit,” commission chairman Jonodev Osceola Chaudhuri said. “Those are largely business decisions that each tribe will have to make given its own economic landscape and its unique market realities.”

Some federal lawmakers have also proposed regulating sports gambling more widely, adding yet another layer to a complex debate already involving commercial casinos and lotteries, plus sports leagues themselves.

So far, only the Santa Ana Pueblo near Albuquerque, New Mexico, has followed the Choctaw’s effort into sports gambling. Neither tribe was required to obtain additional state approvals.

Contrary to popular belief, sports betting is a low-profit business that requires highly skilled employees. In Nevada, sportsbooks last year contributed only 2.4 percent of the gambling revenue of casinos statewide — dwarfed by the proceeds from table games and slots. The limited payoff has tribal casinos balancing the allure of a Las Vegas-style amenity with the risks of opening compacts for negotiations.

“Tribal leadership is extremely protective of what they have because it’s meant so much to us, and there’s always a risk of upsetting the apple cart,” Washington State Gambling Commission member Chris Stearns said. “Is this going to help us? Is this going to hurt us? That’s really at the heart of why you see Indian tribes gently venturing into sports betting. … In a lot of states, tribes write a check out to the state in exchange for exclusivity. So, any time there’s a new gambling product, and you ask the state to authorize it, there is a risk the state will say ‘Sure, but it is going to cost you.’”

The only sports book in New Mexico, inside the Santa Ana Star Casino Hotel, began taking wagers in October. It offers bets on professional and college sports, but not for games involving two public in-state universities.

In Washington state, all casinos are tribally operated. Changing the state’s laws to allow betting on sports would require a 60 percent supermajority vote in the legislature or a ballot initiative. Only then could sports betting be added to a tribal-state compact.

In California, where tribes have exclusivity on casino-style gambling, voters would have to approve a change to the state constitution.

Casinos are operated on and off reservations in South Dakota. Before the Flandreau Santee Sioux Tribe can try to to edge out its nearest competition across the state line in Iowa, South Dakota’s constitution will have to be amended through a public vote.

The legislature could choose to put the question before voters or supporters could gather enough signatures to add the measure to the 2020 ballot. If the measure passes, it would open the opportunity for tribes to negotiate their compacts with the state.

Tribal councilman Kenny Weston said a sports book could attract new patrons who may also choose to play games already offered and spend nights at the hotel for big sporting events, like MMA fights.

“Normally, with the brick-and-mortar casino like we have, we attract a lot of older crowds and retired people,” Weston said. “I think with sports betting we can bring a different age demographic and different people … and have the opportunity to do the same that they do in Vegas.”

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