Day: February 18, 2019

The Real ‘Jaws’: Great White Shark’s Genetic Secrets Revealed

The great white shark, one of the most fearsome predators in the world’s oceans in both fact and fiction, is a formidable creature — right down to its genes.

Scientists on Monday said they have decoded the genome of Earth’s largest predatory fish, detecting numerous genetic traits that help explain its remarkable evolutionary success, including molecular adaptations to enhance wound healing as well as genomic stability such as DNA repair and DNA damage tolerance.

The great white shark, whose scientific name is Carcharodon carcharias, boasts a very large genome, 1-1/2 times bigger than the human genome.

In theory, large genomes with a lot of repeated DNA, like this shark possesses, and its large body size should promote a high incidence of genome instability, with much more DNA and many more cells seemingly vulnerable as targets for damage through an accumulation of routine mutations.

Just the opposite seems to be the case for this shark, thanks to adaptations in genes involved in preserving genome integrity.

“This knowledge, in addition to providing understanding into how sharks work at their most fundamental level — their genes — may also be useful in downstream applications to human medicine to combat cancers and age-related diseases that result from genome instability,” said Mahmood Shivji, director of the Save Our Seas Foundation Shark Research Center and Guy Harvey Research Institute at Nova Southeastern University in Florida.

This species, star of the 1975 Hollywood blockbuster “Jaws” and its multiple sequels, roams the world’s oceans, primarily in cool coastal waters.

Gray with a white underbelly and torpedo-shaped body, it can reach 20 feet (6 meters) long, weigh 7,000 pounds (3.18 tons) and dive to nearly 4,000 feet (1,200 meters) deep. It uses its mouthful of large, serrated teeth to rip into prey including fish, seals and dolphins, swallowing mouth-sized chunks of flesh whole.

Sharks are an evolutionary success story, thriving for more than 400 million years. Our species appeared roughly 300,000 years ago.

The great white shark also displayed genetic adaptations in several genes that play fundamental roles in wound healing. For example, a key gene involved in producing a major component of blood clots was found to have undergone adaptations.

“These adaptations and enrichments of essential wound-healing genes may underlie the ability of sharks to heal from wounds so efficiently,” said Cornell University’s Michael Stanhope, co-leader of the research published in the Proceedings of the National Academy of Sciences.

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In France, the Force Is Strong with Lghtsaber Dueling 

Master Yoda, dust off his French, he must.

It’s now easier than ever in France to act out “Star Wars” fantasies, because its fencing federation has borrowed from a galaxy far, far away and officially recognized lightsaber dueling as a competitive sport, granting the iconic weapon from George Lucas’ saga the same status as the foil, epee and sabre, the traditional blades used at the Olympics. 

Of course, the LED-lit, rigid polycarbonate lightsaber replicas can’t slice a Sith lord in half. But they look and, with the more expensive sabers equipped with a chip in their hilt that emits a throaty electric rumble, even sound remarkably like the silver screen blades that Yoda and other characters wield in the blockbuster movies.

Plenty realistic, at least, for duelists to work up an impressive sweat slashing, feinting and stabbing in organized, 3-minute bouts. The physicality of lightsaber combat is part of why the French Fencing Federation threw its support behind the sport and is now equipping fencing clubs with lightsabers and training would-be lightsaber instructors. Like virtuous Jedi knights, the French federation sees itself as combatting a Dark Side: The sedentary habits of 21st-century life that are sickening ever-growing numbers of adults and kids .

“With young people today, it’s a real public health issue. They don’t do any sport and only exercise with their thumbs,” says Serge Aubailly, the federation secretary general. “It’s becoming difficult to (persuade them to) do a sport that has no connection with getting out of the sofa and playing with one’s thumbs. That is why we are trying to create a bond between our discipline and modern technologies, so participating in a sport feels natural.”

In the past, the likes of Zorro, Robin Hood and The Three Musketeers helped lure new practitioners to fencing. Now, joining and even supplanting them are Luke Skywalker , Obi-Wan Kenobi and Darth Vader.

“Cape and sword movies have always had a big impact on our federation and its growth,” Aubailly says. “Lightsaber films have the same impact . Young people want to give it a try.”

And the young at heart.

Police officer Philippe Bondi, 49, practiced fencing for 20 years before switching to lightsaber. When a club started offering classes in Metz, the town in eastern France where he is stationed for the gendarmerie, Bondi says he was immediately drawn by the prospect of living out the love he’s had for the “Star Wars” universe since he saw the first film at age 7, on its release in 1977 .

He fights in the same wire-mesh face mask he used for fencing. He spent about 350 euros ($400) on his protective body armor (sturdy gloves, chest, shoulder and shin pads) and on his federation-approved lightsaber, opting for luminous green “because it’s the Jedi colors, and Yoda is my master.”

“I had to be on the good side, given that my job is upholding the law,” he said.

Bondi awoke well before dawn to make the four-hour drive from Metz to a national lightsaber tournament outside Paris this month that drew 34 competitors. It showcased how far the sport has come in a couple of years but also that it’s still light years from becoming mainstream. 

The crowd was small and a technical glitch prevented the duelers’ photos, combat names and scores from being displayed on a big screen, making bouts tough to follow. But the illuminated swooshes of colored blades looked spectacular in the darkened hall. Fan cosplay as “Star Wars” characters added levity, authenticity and a tickle of bizarre to the proceedings, especially the incongruous sight of Darth Vader buying a ham sandwich and a bag of potato chips at the cafeteria during a break.

In building their sport from the ground up, French organizers produced competition rules intended to make lightsaber dueling both competitive and easy on the eyes. 

“We wanted it to be safe, we wanted it to be umpired and, most of all, we wanted it to produce something visual that looks like the movies, because that is what people expect,” said Michel Ortiz, the tournament organizer. 

Combatants fight inside a circle marked in tape on the floor. Strikes to the head or body are worth 5 points; to the arms or legs, 3 points; on hands, 1 point. The first to 15 points wins or, if they don’t get there quickly, the high scorer after 3 minutes. If both fighters reach 10 points, the bout enters “sudden death,” where the first to land a head- or body-blow wins, a rule to encourage enterprising fighters.

Blows only count if the fighters first point the tip of their saber behind them. That rule prevents the viper-like, tip-first quick forward strikes seen in fencing. Instead, the rule encourages swishier blows that are easier for audiences to see and enjoy, and which are more evocative of the duels in “Star Wars.” Of those, the battle between Obi-Wan and Darth Maul in “The Phantom Menace” that ends badly for the Sith despite his double-bladed lightsaber is particularly appreciated by aficionados for its swordplay. 

Still nascent, counting its paid-up practitioners in France in the hundreds, not thousands, lightsaber dueling has no hope of a place in the Paris Olympics in 2024.

But to hear the thwack of blades and see them cut shapes through the air is to want to give the sport a try.

Or, as Yoda would say: “Try not. Do! Or do not. There is no try.”

 

 

 

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Queen to Rock Oscars With Live Performance

British rock band Queen will perform live at Sunday’s Oscars ceremony, organizers said on Monday, following the blockbuster success of best picture nominee “Bohemian Rhapsody.”

“Is this the real life? Is this just fantasy? We welcome @QueenWillRock and @adamlambert to this year’s Oscars!,” the Academy of Motion Picture Arts and Sciences announced on its official Twitter feed.

The band, whose late frontman Freddie Mercury is the subject of “Bohemian Rhapsody,” is now made up of original members Brian May and Roger Taylor with former “American Idol” star Adam Lambert taking on vocals.

“Queen and @adamlambert will ROCK YOU,” the band tweeted in response, giving the Feb. 24 date of the Oscars ceremony in Hollywood.

“Bohemian Rhapsody” has five Academy Award nominations, including a best actor nod for Rami Malek, who takes on the role of Mercury in the film. Mercury died of AIDS in London in 1991 at the age of 45.

The movie has taken more than $854 million at the global box office to become the most successful musical biopic ever.

The academy did not say what songs Queen would perform or when they would appear on stage during the telecast, which is going ahead without a host for the first time in 30 years.

“Bohemian Rhapsody” is not nominated for its songs or soundtrack, but other musical performances at Sunday’s ceremony will include Lady Gaga and actor-director Bradley Cooper singing their Oscar-nominated song “Shallow” from movie “A Star is Born,” while Bette Midler will sing best original song contender “The Place Where Lost Things Go” from the film “Mary Poppins Returns.”

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AP Interview: Branson Hopes Concert Saves Venezuelan Lives

Billionaire Richard Branson said Monday that he hopes the concert he’s throwing to rally humanitarian aid for Venezuela will help draw global attention and save lives by raising funds for “much-needed medical help” for the crisis-torn country.

Branson told The Associated Press that up to 300,000 people are expected to attend Friday’s concert on the Venezuela-Colombia border featuring Spanish-French singer Manu Chao, Mexican band Mana, Spanish singer-songwriter Alejandro Sanz and Dominican artist Juan Luis Guerra.

Branson said it is not funded by any government and that all artists are performing for free, hoping to raise donations from viewers watching it on a livestream over the internet.

“Venezuela sadly has not become the utopia that the current administration of Venezuela or the past administration were hoping for, and that has resulted in a lot of people literally dying from lack of medical help”, Branson said in a telephone interview from his home in the British Virgin Islands. “I think it will draw attention to the problem on a global basis.”

The concert is being held in the Colombian border city of Cucuta, a town of some 700,000 people that has been swollen by hundreds of thousands of migrants fleeing hardship in Venezuela. The city is the staging point for foreign humanitarian aid – much of it from the U.S. government – that is being blocked from entry to Venezuela by socialist President Nicolas Maduro.

Branson said he’s spoken to Venezuelan opposition leader Juan Guaido and hopes that the armed forces, until now loyal to Maduro, allow the aid reach Venezuelans suffering from chronic shortages of food and medicine.

“We want to make it a joyous occasion,” Branson said about the concert. “And we’re hoping that sense prevails and that the military allows the bridge to be open so that much-needed supplies can be sent across.”

Guaido declared himself interim president of Venezuela on Jan. 23 with the backing of the United States and most South American and European nations who argue that Maduro’s re-election was fraudulent. He has announced that humanitarian aid will enter Venezuela on Saturday, the day after Branson’s concert.

Meanwhile, Venezuela’s Information Minister Jorge Rodriguez on Monday announced a rival concert for Friday and Saturday on the Venezuelan side of the border. Rodriguez did not announce the artists that are expected to perform, saying only that it would be massive.

“People from all over the world want to take part in this message of love, solidarity and denunciation against the aggression that they’re trying against the Venezuelan people,” Rodriguez said.

Guaido said the move by Maduro’s government was “desperate” and showed its indecision.

“They’re debating whether the aid should come in or not … They don’t know what to do,” Guaido said Monday. “They’re now making up a concert. How many concerts are they going to stage?”

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Amazon Aims to Cut Its Carbon Footprint

Amazon, which ships millions of packages a year to shopper’s doorsteps, says it wants to be greener.

The online retail giant announced plans Monday to make half of all its shipments carbon-neutral by 2030.

To reach that goal, the online retail giant says it will use more renewable energy like solar power; have more packages delivered in electric vans; and push suppliers to remake their packaging.

McDonald’s, Coca-Cola and other big companies that generate lots of waste have announced similar initiatives, hoping to appeal to customers concerned about the environment.

Amazon is calling its program “Shipment Zero,” and plans to publicly publish its carbon footprint for the first time later this year.

Seattle-based Amazon said it spent the past two years mapping its carbon footprint and figuring out ways to reduce carbon use across the company.

“It won’t be easy to achieve this goal, but it’s worth being focused and stubborn on this vision and we’re committed to seeing it through,” said Dave Clark, Amazon’s senior vice president of worldwide operations.

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Facebook Voids Accounts Targeting Moldovan Election

Facebook said on Thursday it had disrupted an attempt to influence voters in Moldova, increasing concerns that EU elections in May could be prey to malign activity.

Employees of the Moldovan government were linked to some of the activity, the California-based social media company said. Authorities in Chisnau, capital of the tiny former Soviet republic, denied knowledge.

Facebook said it dismantled scores of pages and accounts designed to look like independent opinion pages and to impersonate a local fact-checking organization ahead of Moldova’s elections later this month.

“So they created this feedback loop,” Nathaniel Gleicher, Facebook’s head of cybersecurity policy, told reporters in Brussels. “We did assess that there were links between some of that activity and individuals associated with the Moldovan government.”

The government said it welcomed any initiative to combat “fake news”, saying it did not check the private accounts of its more than 200,000 state employees.

“They have different political views and opinions, and the state is obliged to maintain the boundary between fighting the phenomenon of Fake News and guaranteeing the freedom of expression for citizens,” it said.

Facebook said it removed 168 accounts, 28 pages and eight Instagram accounts involved in “inauthentic behavior.” Some 54,000 accounts followed at least one of these Facebook pages.

The owners of pages and accounts typically posted about local news and political issues such as requirements for Russian- or English-language education and potential reunification with Romania, the company said.

Guarding elections

Facebook stepped up efforts to combat disinformation, including accounts in Russia, Iran and Indonesia, over the last year after coming under public scrutiny for not doing enough to stem the spread extremism and propaganda online.

The vulnerabilities exposed in Moldova, sandwiched between EU member Romania and Ukraine on the fringes of the bloc, were a warning ahead of polls in neighboring Ukraine and for the European legislature.

The European Union has pushed tech companies to do more to stop what it fears are Russian attempts to undermine Western democracies with disinformation campaigns that sow division. Russia has repeatedly denied any such actions.

The sheer perception of manipulation can damage polls, Gleicher warned. “We are starting to see actors try to create the impression that there is manipulation without owning lots and lots of accounts,” he said.

“We already have the teams up and running and focused on the European parliamentary elections and that is only going to grow as the elections get closer and the pace of threats increases.”

Dogged by scandal, Moldova’s pro-Western government has failed to lift low living standards. That has driven many voters towards the Socialists, who favor closer ties with Russia.

The European Parliament called Moldova a “state captured by oligarchic interests” in November, and there are concerns whether the parliamentary election on February 24 will be fair. The election is likely to produce a hung parliament, which could set the scene for months of wrangling or possibly further elections.

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Philadelphia Mulls Supervised Injections to Cut Drug Deaths

For nearly two decades, Vancouver, the epicenter of Canada’s increasingly deadly drug epidemic, has embraced an initiative that was once dismissed as a reckless experiment but has since won over some of its fiercest critics: a walk-in facility where addicts can inject heroin under the watch of medical professionals.

Allowed as an exemption under Canada’s drug laws, Insite operates out of a storefront in the drug- and crime-ridden neighborhood of Downtown Eastside. Inside is a quiet, spacious “injection room” with 12 booths where addicts can shoot up their own drugs using freely supplied clean needles and tourniquets.

Nurses keep watch from a nearby station. And in case of an overdose, a medical team is on hand to administer naloxone, the overdose-reversing drug.In the center’s 16-year history, not a single user has died of an overdose.

Now, as a deadly opioid epidemic wrecks American communities, Philadelphia, a city with over 1,100 overdose deaths last year and one of the most active heroin markets in the country, wants to be the first in the nation to adopt the Canadian model.

The mayor and the district attorney have endorsed the initiative. A former governor of Pennsylvania has incorporated a nonprofit organization called Safehouse to run the facility. And advocates have scouted locations with an eye on Kensington, an impoverished neighborhood that has borne the brunt of opioid-related deaths in recent years.

But the plan faces stiff opposition from federal prosecutors who say it violates a law against setting up facilities for illegal drug use. To prevent the facility from opening, William McSwain, the U.S. attorney for the Eastern District of Pennsylvania, last week asked a federal judge to declare the site illegal under a 1986 “crack house statute.”

“Normalizing the use of deadly drugs like heroin and fentanyl is not the answer to solving the epidemic,” McSwain told reporters.

Worth trying

McSwain wants advocates to change the laws not break them. But supporters of the project say changing the laws takes time and the time to embrace a concept with a proven track record of saving lives is now.

“All of these [facilities] have had a similar result: they’ve lowered the number of overdoses associated with the immediate area,” said Jose Benitez, a co-founder of Safehouse and executive director of Prevention Point, a needle exchange program. “We see the same thing happening in Philadelphia.

With more than 800 daily visits, Insite is the busiest facility of its kind in the world.In the 16 years since it opened its doors, Insite has recorded more than 1,000 overdoses, many potentially fatal without intervention. But not a single one has resulted in death. What’s more, researchers have found Insite users are more likely to seek out treatment.

“There are people who say that Insite sets a bad example and supports the initiation of drugs, but in fact what we found was that people who used Insite were more likely to stop using drugs,” said M-J Milloy, a research scientist at the British Columbia Center on Substance Use.

Milloy was part of a multiyear scientific evaluation of Insite mandated by the government of Canada. Among the study’s key findings: a 35 percent drop in overdose fatalities in the surrounding community.

He said scientists also examined whether the facility can encourage drug use and degrade the quality of life in the surrounding communities, as critics have claimed. They found the criticisms “to be wholly lacking in empiric support,” he added.

“There is a scientific consensus that these facilities can have important benefits, not only on the health and well-being of the clientele who use them, but also, indeed, in the surrounding community itself,” Milloy said.

“Based on our research, we believe Insite and other injection facilities to be important interventions that should be considered by any city or setting which is dealing with the negative consequences of injection drug use,” he added.

But Insite has not been without its critics who have questioned the scientific research. These critics say that while Insite has prevented overdose deaths, it has not led to a reduction in crime or drug use in the community.

The facility was designed as a three-year scientific experiment, but it has been allowed to operate indefinitely after a landmark ruling by Canada’s Supreme Court in 2011.

US cities interested

Inspired by the Insite’s success, nearly a dozen American cities and counties battling an opioid epidemic have taken up the idea in an apparent violation of federal law. In several cities, including New York, San Francisco and Seattle, local governments have worked out concrete plans for injection facilities, but it remains unclear if they can surmount opposition from federal and state authorities.

The controversy not only has pitted cities against the federal government but also localities against their state governments.

In California, the state Legislature last year passed a bill that would have allowed the city of San Francisco to operate a safe injection site on a pilot basis. But then-Governor Jerry Brown, a Democrat, vetoed the bill, citing the threat of federal prosecution.

Two state lawmakers reintroduced the bill recently, and current Governor Gavin Newsom, also a Democrat, has said he is “very, very open” to the idea.

Philadelphia, a storied Northeast city with a population of 1.6 million, has been hit especially hard by the opioid epidemic. Overdose deaths have more than doubled in the past five years.

Two years ago, Mayor Jim Kenney set up a task force to study the drug addiction scourge and make recommendations. Task force members traveled to Vancouver, to visit Insite, and Seattle, to learn about its plans to offer safe injection services out of a van. Among other recommendations, the task force suggested that the city explore a safe injection site on a pilot basis.

That led Ronda Goldfein, executive director of AIDS Law Project of Pennsylvania, and Benitez to set up Safehouse and enlist former Governor Ed Rendell’s support. Rendell, who as mayor of Philadelphia in the 1990s allowed the city’s first needle exchange program, agreed to incorporate Safehouse and sit on its board.

A study commissioned by the task force estimated that the opening of a safe injection site could potentially avert between 24 and 76 opioid overdose deaths each year.

“There are people who fear that we’re somehow promoting drug use, but there’s evidence from these facilities worldwide that they don’t encourage drug use,” Thomas Farley, the city’s health commissioner who sits on the board of Safehouse, told VOA last year. Many “people have an immediate negative reaction, but the evidence is quite strong that they have a real positive effect on users and in the neighborhoods,” he added.

Federal government hurdles

Unlike some other states, Pennsylvania doesn’t have a law against setting up a facility for drug use, and Safehouse is not seeking public funding. For those reasons, the initiative does not face state opposition, Goldfein said.

“Our biggest impediment is not the state government but the federal government,” Goldfein said, adding that the state governor has indicated that he won’t take any steps against the planned facility.

The federal opposition was long coming. In an op-ed in The New York Times last August, Deputy Attorney General Rod Rosenstein wrote that safe injection sites were illegal and he threatened “swift and aggressive action” against cities and counties opening them.

Goldfein said the site’s primary purpose is to prevent overdose deaths, not facilitate drug use, which would be illegal under federal law.

“We’re opening up a facility for the purpose of saving lives and for the secondary purpose of getting people into treatment,” she said. “That is a completely different intent from the reasoning behind crack house laws.”

Safehouse has 30 days to file its response to the federal complaint. The case is being closely watched by other cities and counties considering safe injection facilities.

If the federal judge hearing the case rules in Safehouse’s favor, “it will certainly be an important piece of information for other jurisdictions to go forward with,” Goldfein said.

Meanwhile, in Philadelphia, not everyone is convinced that an injection facility run by Safehouse is a good idea. David Oh, a Philadelphia City Councilman At-Large, said the center could spell trouble for the city.

“We’re the largest, poor big city in America with a lot of poverty issues, job issues and education issues,” said Oh, a Republican. “We’re inviting people to come live in our city and do their drugs here, and we’re going to service and provide for them, and the communities are trying to exist and don’t want them there.”

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‘Digital Gangsters’: UK Wants Tougher Rules for Facebook

British lawmakers issued a scathing report Monday that calls for tougher rules on Facebook to keep it from acting like “digital gangsters” and intentionally violating data privacy and competition laws.

The report on fake news and disinformation on social media sites followed an 18-month investigation by Parliament’s influential media committee. The committee recommended that social media sites should have to follow a mandatory code of ethics overseen by an independent regulator to better control harmful or illegal content.

 

The report called out Facebook in particular, saying that the site’s structure seems to be designed to “conceal knowledge of and responsibility for specific decisions.”

 

“It is evident that Facebook intentionally and knowingly violated both data privacy and anti-competition laws,” the report states. It also accuses CEO Mark Zuckerberg of showing contempt for the U.K. Parliament by declining numerous invitations to appear before the committee.

“Companies like Facebook should not be allowed to behave like ‘digital gangsters’ in the online world, considering themselves to be ahead of and beyond the law,” the report added.

 

U.K. parliamentary committee reports are intended to influence government policy, but are not binding. The committee said it hopes its conclusions will be considered when the government reviews its competition powers in April.

 

And while the U.K. is part of the 28-country European Union, it is due to leave the bloc in late March, so it is unclear whether any regulatory decisions it takes could influence those of the EU.

 

Facebook said it shared “the committee’s concerns about false news and election integrity” and was open to “meaningful regulation.”

 

“While we still have more to do, we are not the same company we were a year ago,” said Facebook’s U.K. public policy manager, Karim Palant.

 

“We have tripled the size of the team working to detect and protect users from bad content to 30,000 people and invested heavily in machine learning, artificial intelligence and computer vision technology to help prevent this type of abuse.”

 

Facebook and other internet companies have been facing increased scrutiny over how they handle user data and have come under fire for not doing enough to stop misuse of their platforms by groups trying to sway elections.

 

The report echoes and expands upon an interim report with similar findings issued by the committee in July . And in December , a trove of documents released by the committee offered evidence that the social network had used its enormous trove of user data as a competitive weapon, often in ways designed to keep its users in the dark.

Facebook faced its biggest privacy scandal last year when Cambridge Analytica, a now-defunct British political data-mining firm that worked for the 2016 Donald Trump campaign, accessed the private information of up to 87 million users.

 

 

 

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China Seizes $1.5 Billion in Online Lending Crackdown

Chinese police have investigated 380 online lenders and frozen $1.5 billion in assets following an avalanche of scandals in the huge but lightly regulated industry, the government announced Monday.

Beijing allowed a private finance industry to flourish in order to supply credit to entrepreneurs and households that aren’t served by the state-run banking system. But that threatens to become a liability for the ruling Communist Party after bankruptcies and fraud cases prompted protests and complaints of official indifference to small investors.

 

The police ministry said it launched the investigation because person-to-person, or P2P, lending was increasingly risky and rife with complaints about fraud, mismanagement and waste.

 

The ministry gave no details of arrests but said more than 100 executives were being sought by investigators and some had fled abroad. It said authorities seized or froze 10 billion yuan ($1.5 billion) but gave no indication how much might be returned to depositors.

 

Police say some lenders and investment vehicles were brazenly fraudulent, while others collapsed after inexperienced founders failed to manage risk.

 

Monday’s statement said P2P lenders were investigated for complaints including wasting money, reporting phony investment plans and using illegal tactics to raise money.

 

Lending through online platforms grew by triple digits annually until 2017 when regulators tightened controls.

 

Depositors lent 1.9 trillion yuan ($280 billion) last year, but that was down by 50 percent from 2017, according to the Shenzhen Qiancheng Internet Finance Research Institute.

 

The outstanding loan balance stood at 1.2 trillion yuan ($177 billion) at the end of 2018, down 25 percent from a year earlier, according to Diyi Wangdai, a web site that reports on the industry.

 

P2P lenders are part of a privately run Chinese finance industry the national bank regulator estimated in 2015 had grown to $1.5 trillion.

 

The internet has helped financial platforms attract money from financial novices with little knowledge of the risks involved.

 

Many lend to factories and retailers or invest in restaurants, car washes and other businesses. But inexperience and poor risk control means a downturn in business conditions can bankrupt them.

 

Finance as a whole has come under tougher scrutiny after a 2015 plunge in stock prices led to accusations of insider trading and other offenses.

 

In one of China’s biggest financial scams, authorities say depositors lost 50 billion yuan ($7.7 billion) in online lender Ezubo before it was seized by regulators in 2015.

 

The founder and his brother were sentenced to life in prison in 2017.

 

 

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Puck, Goal, Sticks And A Snorkel: Underwater Hockey Stages A Comeback

The sport of hockey – where players use hockey sticks to knock a puck into a goal – is now not just limited to being played on ice or on the field. It can be played underwater too by players equipped with snorkels and fins. Underwater hockey, which first appeared in the U.S. in the 1950s – is making a comeback with a splash! Maxim Moskalkov has the story.

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Carnival Season Looks to Cheer Up Gloomy Winter Days

This past weekend marked the start of the carnival season which will culminate with Mardi Gras on March 5. People around the world will attend costume parties, watch parades and enjoy abundant meals before the beginning of Lent on Ash Wednesday. Christian tradition dictates observance of about six weeks of moderation and prayer in preparation for Easter, which falls on Sunday, April 21, this year. VOA’s Zlatica Hoke reports.

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NYC’s Chinatown Welcomes Year of the Pig With Vvibrant Parade

Drums, dragons and dancers paraded through New York’s Chinatown on Sunday to usher in the Year of the Pig in the metropolis with the biggest population of Chinese descent of any city outside Asia.

Confetti and spectators a half-dozen or more deep at points lined the route of the Lunar New Year Parade in lower Manhattan.

“The pig year is one of my favorite years, because it means lucky — everybody likes lucky — and, for me, a relationship or family” and a better life, Eva Zou said as she awaited the marchers. “Because I just moved here several months ago, so it’s a big challenge for me, but I feel so happy now.”

There’s an animal associated with every year in the 12-year Chinese astrological cycle, and the Year of the Pig started Feb. 5.

Some marchers sported cheerful pink pig masks atop traditional Chinese garb of embroidered silk. Others played drums, banged gongs or held aloft big gold-and-red dragons on sticks, snaking the creatures along the route. Someone in a panda costume marched with a clutch of well-known children’s characters, including Winnie the Pooh, Cookie Monster and Snoopy.

Mayor Bill de Blasio and U.S. Senate Minority Leader Chuck Schumer of New York, both Democrats, were among the politicians in the lineup, where Chinese music mixed with bagpipers and a police band played “76 Trombones,” from the classic musical “The Music Man.”

The lunar year is centered on the cycles of the moon and begins in January or February. Last year was the Year of the Dog.

While some parade-goers were familiar with the Chinese zodiac, others said they were just there to enjoy the cultural spectacle or partake in a sense of auspicious beginning.

“We’re here to get good luck for the year,” said Luz Que, who came to the parade with her husband, Jonathan Rosa.

His hopes for the Year of the Pig?

“Wellness, well-being and happiness,” he said.

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