Huawei has been heavily promoting its high-end flagships, like the Huawei P20 Pro this year and the Huawei Mate 10 Pro before it. But like many Chinese OEMs, these premium phones fall short in one particular aspect: Screen resolution. In an age of QHD, even QHD+, screens, Huawei’s top models still max out at Full HD or Full HD+. For those who believe more is always better, then the Huawei Mate 20 Pro might finally give them what they’ve been wishing for. The Huawei P20 Pro, launched in April, has a 6.1-inch 2240×1080 FHD+ screen that also brought Huawei’s first notch. Huawei’s late 2017 champion, the Mate 10 Pro, had a 6.0-inch 2160×1080 display. No notch. According to Mobielkopen’s digging, the Mate 20 Pro will get 1440×3120 pixels. That’s QHD+ with a notch.This would make the Mate 20 Pro the company’s first QHD+ phone, perhaps even its first QHD phone. Now while it’s definitely fancy to have all those pixels crammed in such a small space, it’s not always a clear win, depending on the user. Some users seem fine with Full HD and a higher resolution screen will always consume more power. That is why OnePlus hasn’t made that jump yet.That might not be the only big thing about the Huawei Mate 20 Pro either. According to rumors, it will also have a large 6.9-inch screen, which would be one of the biggest in the market. How much that will affect the Mate 20 Pro’s ease and comfort of use, we’ll have to wait next month to see. That said, there will also be the non-QHD 6.3-inch Huawei Mate 20 for those with smaller requirements. Story TimelineKirin 980 on Huawei Mate 20 to be world’s first 7nm chipHuawei Mate 20 leaks a whole new backsideHuawei Mate 20 Lite full details revealed by Polish retailer
“We heard from our customers that free, unlimited Supercharging was one of their favorite reasons to refer a friend to buy a Tesla, so we’re bringing it back for Model S and Model X owners through our referral program, which we update periodically. Beginning today, existing owners can give free, unlimited Supercharging to up to five friends by sharing their referral code, and all existing Tesla owners who purchase a new Model S or Model X will receive free, unlimited Supercharging too.” Story TimelineTesla Supercharger network adds idle fee to boost availabilityTesla Superchargers may charge fees, but it’s still cheaper than gasTesla Supercharge map now shows real-time occupancyTesla’s electric semi truck will be revealed in SeptemberTesla rolls out automatic emergency braking for AP2 carsTesla boasts record production and car deliveries during Q1 2017 It’s important to note that this change only applies to those who purchased their Tesla between January 15th and today; any future buyers will still need to pay for Supercharger use after their 400 kWh credit. Plus, any existing owners that choose to upgrade to a newer Model S or Model X in the future will be able to keep the free charging perk.The reason for the change of heart? The company is adding the unlimited charging to their new referral program. In other words, if a new buyer wants to score that unlimited Supercharger perk, they can get it by using one of an existing owner’s five referral codes — a bonus that also gets them $1,000 off the car’s price. Drivers who bought their Tesla before January 15th are unaffected by this change, since they already have unlimited Supercharger use for the life of their vehicle. But it’s great news for those bought one in the last few months, as well as the friends of those recent buyers who were thinking of getting one as well.AdChoices广告SOURCE Electrek Back in January electric car maker Tesla announced that it was bringing an end to the free unlimited Supercharger use perk for new buyers. Anyone who purchased a Tesla after January 15th would get 400 kWh of Supercharger credit per year, but after that they would need to pay to charge up their car while away from home. Fortunately those who did buy a Tesla after that cutoff date are in for a nice surprise: the company is retroactively giving all existing owners free Supercharger use.
Although it’s no longer a Wild, Wild West, World Wide Web is still far from being a peaceful territory. There is no shortage of players who’d do everything to make an easy buck or even legit actors that impose their will on users, even if it means ruining the latter’s experience. From autoplaying videos that can scare the daylights out of you to late-loading ads that throw you off your reading groove, the latest Firefox release reins these misbehaving elements in to ensure a pleasurable Web experience for users. Videos that play automatically are more of a nuisance than a convenience. Many of them, like ads in web pages, don’t take into account potential data costs to the user. They can also be shocking if you have your volume at maximum. Since advertisers are unlikely to change their ways, browser makers are fixing it on their end. Starting Firefox 66, such videos will no longer automatically play with one exception. If the video is set to play muted by default, it won’t get blocked.There may, however, be one corner case where autoplaying videos are actually desired. That’s when you’re binge-watching videos in your web browser (versus, say, an app). In that case, you’ll actually want the next video to play automatically without having to reach out to click on it. Fortunately, Firefox does provide a way for you to make an exception for each site.It would be great if everything on a web page appeared instantly but, given constraints in technology, some load slower than others. And when they do, they tend to push existing text content down, which makes the page jump around. That’ll no longer be the case in the latest Firefox, which will anchor the view to what you’re reading, no matter what happens above it.Firefox 66 also brings a couple of handy features, like being able to search within multiple tabs without having to navigate to them first. The browser also gains support for the latest WebAuthn standard and users with Windows Hello-capable computers can now use that to sign into compatible web sites. Finally, Mozilla has also introduced easier to understand security error messages to really inform you or scare you away from potentially harmful sites.
There’s still a large button at the top that functions like buttons on most key fobs, locking and unlocking the doors. You can swipe up from the bottom of the fob to go to a screen for starting and stopping the engine. Everything is a swipe or a tap away. It’s admittedly an interesting concept but, like many concepts, it would require someone to actually adopt the ideas and turn them into products. Given that these are cars we’re talking about, that would have to be Nissan itself, or some other car maker who becomes interested with the idea. Whether it’s safer and more secure than a smartphone, however, is probably something that the designers have left for engineers to figure out. The idea behind this smart key fob concept for a Nissan GT-R isn’t one of utility or practicality. If that were so, then the current smartphone apps would suffice. Instead, it’s creation is based on a desire to have a deeper connection between driver and car that only a key fob seems to bring. That without sacrificing the smart functionality offered by smartphone apps.The solution presented by the concept naturally involves have a fob with a touch screen. It’s a single-function device though, with a customized app that does one thing and does it well. It gives users a touch interface to not only control their car remote but also monitor critical statuses. These days we are turning more and more to our smartphones for things we’d often use separate devices or instruments for. That’s true even for modern cars where a simple tap on a smartphone’s screen could start an engine, turn up the heat, or lock the doors. Some owners, however, may still prefer having a separate key for their vehicle but do want more than what a simple fob can give. Enter the smart key fob, a concept that brings the best of both worlds together in one advanced key that does all but drive the car for you.
Waymo is aiming to make its autonomous taxis even more appealing by adding WiFi connectivity in them, according to a new report. The WiFi option would enable passengers to use their gadgets without relying on their own mobile service, potentially appealing to customers who want to spend their commuting time getting work done. Though self-driving taxis aren’t widespread at this point in time, they have proven popular among consumers in regions where they’re being tested, primarily Phoenix, Arizona. There are a number of potential benefits associated with these vehicles, including the convenience of a ride-sharing service without the uncertainty that comes with a random human driver operating their own private vehicle.Waymo has introduced a number of perks to encourage customers to choose its autonomous taxis, including ad-free music streaming access to Google Play Music for autonomous taxi customers. As well, Waymo offers customers the comfort of cars that are already cooled down to 72F, and also installs car seats for kids in vans, meaning families can use them without carrying around their own seat.According to Reuters, Waymo is building upon that foundation by testing free WiFi networks in its Phoenix-based autonomous taxis. This new complimentary perk ensures riders are always connected even if their own wireless service is unavailable.AdChoices广告Autonomous on-demand taxis are an inevitable step in the ride-hailing industry. By eliminating human drivers, companies would save money and reduce the issues that come with the existing services, including running background checks and dealing with issues related to drivers’ actions. Competitor Uber is working on its own self-driving effort but experienced a major setback following a fatal collision involving one of its cars. Story TimelineWaymo’s self-driving Jaguar I-PACE EVs have hit the roadWaymo inks huge Renault and Nissan deal to spread autonomous carsYour next Lyft could now be a Waymo autonomous car
What comes naturally to us humans is, of course, difficult for artificial beings. In addition to fine motor control, we humans have senses and instinct that can easily navigate through the ups and downs of any kind of terrain. Bipedal robots try to replicate the same through various means but IHMC might have hit gold with its new technique.Previous attempts like those used in DARPA’s robotics contest employed a manual operator to lay down each step a robot has to take. That may work on flat surfaces but it can’t dynamically adjust to compensate for changes in situation and terrain. It may make for some comic relief in videos but it’s a serious problem for robots.IHMC’s new system tries to solve that by detecting the terrain before computing the step the robot has to take in real-time. More importantly, it doesn’t plot out the entire path from start to finish but re-evaluates it at certain intervals. This means that it will be able to adapt to changes in the path, like obstacles that may have appeared by accident or intentionally. When people talk about robots taking over humans’ jobs, they’re mostly talking about those robots that come in incorporeal, digital-only form. It’s going to be a very long while before humanoid or even bipedal robot can pose a fictional threat to humans. They can’t even walk on uneven terrain without toppling over. That has been one of the challenges of DARPA’s contests and IHMC Robotics may have developed a way for the likes of Atlas and Valkyrie to learn how to step through treacherous land. IHMC tested the system on Boston Dynamic’s Atlas and NASA’s Valkyrie with impressive results. It’s not perfect yet and has a 50% chance of failing in very narrow terrain. It’s still a significant improvement over a manual system that can’t compensate for sudden changes that often happen in the real world.
Market Demands Spur More Options For Senior Care The Associated Press: As America Ages, Senior Care Options FlourishMillions of families are beginning to grapple with the one major health expense for which most Americans are not insured: long-term care. About 10 million seniors currently rely on others for daily care, such as help getting dressed, preparing meals or taking medication. That number will only increase as more of the nation’s 78 million baby boomers enter old age (Perrone, 1/31). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. States Consider New Mental Health Care Services, Parity For Seniors, Prisoners State leaders in Oregon, North Carolina and California consider new legislation or studies on what better mental health care for their residents could mean for quality of life and health care costs.The Lund Report: Momentum Builds To Increase Mental Health And Addiction Services For SeniorsAdvocates for the elderly and disabled believe they scored an important victory this legislative session that will pave the way toward creating new mental health and addiction services for an increasingly aging population. They succeeded in having a “budget note”– something written into an agency budget that directs state agencies to take specific actions, reforms or generate reports that might inform future legislation and policy — included in the Oregon Health Authority and Department of Human Services budgets, which are expected to be approved by the Legislature later this week (Waldroupe, 7/2).North Carolina Health News: NC State Study Shows Why It Costs Less To Treat Mentally Ill Than Incarcerate ThemMany people with mental health problems end up in prison or jail when access to community-based treatment could have helped avoid incarceration. New research shows how that approach wastes money (Hoban, 7/1).California Healthline: Senate Talks Address Mental Health ParityMental health parity may be the new law, several legislators said last week at a Senate hearing on the subject — but the tricky part of the law, they said, is enforcing it. The Senate mental health parity hearing continues today, convening in the Capitol Building with former Rhode Island Congressman Patrick Kennedy addressing the Senate Select Committee on Mental Health. Just because new state and federal laws call for mental health to be covered along with physical health, that doesn’t mean equal coverage will just happen, said Sen. Mark Leno (D-San Francisco) at Friday’s hearing (Gorn, 7/1).
Sen. Jeanne Shaheen, D-N.H., is among those who are expected to advance legislation. Her measure would extend the open enrollment period by at least two months. McClatchy: Congress Weighing Laws To Let People Keep Health Insurance Proposed bills in both the Senate and the House of Representatives would stop cancellations of individual insurance policies that don’t meet the requirements of the health care law. Hundreds of thousands of Americans have been notified their existing policies will be canceled, most to make way for new policies that meet the new law’s standards. The president said Thursday that his staff was looking into ways to solve the problem, but he gave no details. On Friday, White House spokesman Josh Earnest said that Obama was “determined to address some of the challenges from this law,” but he declined to say whether the president agreed with the congressional proposals (Schoof, 11/8). Politico: Jeanne Shaheen To Introduce Obamacare Bill Next Week Sen. Jeanne Shaheen will introduce a bill next week extending Obamacare’s open enrollment period by at least two months. The bill from the New Hampshire Democrat, who Republicans hope will be challenged by former GOP Sen. Scott Brown next year, would extend the Affordable Care Act’s enrollment deadline through at least May 31 and contain flexibility to further lengthen the enrollment period. The legislation will allow Health and Human Services Secretary Kathleen Sebelius to use her discretion to further stretch the period “if there are ongoing problems,” a Democratic aide said (Everett, 11/8). Meanwhile, Politico reports that the heatlh law’s catastrophic coverage may offer a solution – Politico: ACA’s ‘Catastrophic’ Coverage Flies Under RadarPresident Barack Obama promised to find ways to help people whose health plans have been canceled and are scrambling for an affordable alternative. For some of them, there may be an option: a little-known, little-discussed slimmed-down Obamacare “catastrophic” health plan. But it, too, is caught up in the HealthCare.gov mess. People don’t know about it, have trouble finding out about it — and can’t yet tap into it because of a gap in the sign-up process. Plus, health policy experts note that it might not help all that many people — and could divert people from the main insurance plans needed to make Obamacare sustainable (Cheney, 11/11). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. Proposals Likely This Week To Respond To Health Law Policy Cancellations
Viewpoints: Threat To Drug Development; GOP’s Obamacare Criticism Tempered; Finding Doctors For Seniors This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription. The Wall Street Journal: The Medical Innovation Threat An invasive species has been introduced into the U.S. health innovation ecosystem, with a growing danger of permanent damage to the development of specialty drugs. The relentless assault on the price of Sovaldi is becoming a threat to the 30-year political balance that has energized the biomedical revolution (8/19).Bloomberg: Obamacare Fades Right On Schedule Obamacare is fading as a campaign issue. It hasn’t disappeared entirely. But after totally dominating the ad landscape in the spring, Obamacare has dropped to just another issue in Republican ads. Health-care has also plummeted in polling on issues important to voters in this cycle. And as Greg Sargent has been documenting, Republican candidates have shifted to a more nuanced position — they still almost all say they support repeal, but they weasel around the idea that various ACA programs and benefits will be included in that supposed repeal (Jonathan Bernstein, 8/19). The New York Times’ The Conscience Of A Liberal: Beyond The Lies The reason is fairly obvious, although it’s not considered nice to state it bluntly: the attack on Obamacare depended almost entirely on lies, and those lies are becoming unsustainable now that the law is actually working. No, there aren’t any death panels; no, huge numbers of Americans aren’t losing coverage or finding their health costs soaring; no, jobs aren’t being killed in vast numbers. A few relatively affluent, healthy people are paying more for coverage; a few high-income taxpayers are paying more in taxes; a much larger number of Americans are getting coverage that was previously unavailable and/or unaffordable; and most people are seeing no difference at all, except that they no longer have to fear what happens if they lose their current coverage (Paul Krugman, 8/19). The Fiscal Times: 6 Reasons Obamacare Can Win The Senate For The GOP That ever happened to Obamacare — the unpopular healthcare bill that was to be the Republicans big weapon as they battled for control of the Senate this fall? For sure, the Affordable Care Act has been pushed to the sidelines by the chaos in Iraq, Russia’s invasion of Ukraine, the surge in Central American minors across our border, the Veterans Administration scandal, the pestilential virus rampaging across the computers of the federal government, and so much more. … Now, the GOP should circle back (Liz Peek, 8/20).Bangor Daily News: Maine Props Up ‘Two Americas’ With No Medicaid Expansion The Affordable Care Act, as originally passed, holds tremendous promise to decrease health care costs and increase insurance coverage rates across rural states like Maine. But federal court opinions and repeated vetoes of Medicaid expansion are putting all that into jeopardy. Already, data is pointing to widening disparities between the states embracing health reform and those that have resisted — in the numbers of uninsured, in new health care jobs and in the finances of local hospitals (Christy Daggett, 8/19).The Washington Post’s The Volokh Conspiracy: Constitutional Challenge To IPAB Dismissed, But Could Return The U.S. Court of Appeals for the Ninth Circuit dismissed as unripe a challenge to the Independent Payment Advisory Board (IPAB). This Board was created by the PPACA to help control health care costs. Specifically, IPAB is authorized to develop self-executing recommendations for limits on Medicare reimbursement rates and other cost controls should the rate of Medicare spending growth exceed a specified target. In this case the plaintiffs argued that IPAB violates the non-delegation doctrine (Jonathan H. Adler, 8/19).Bloomberg: Why Can’t The Pentagon Stop Smoking? Even the most oblivious member of Congress knows that smoking is bad for you. As it turns out, it’s even worse for you if you happen to be a soldier. So why would Congress insist that the Pentagon sell cigarettes — at a discount, no less? The rationale has long been that members of the military have to smoke because their jobs are so stressful (8/19). Bloomberg: Wanted: More Doctors For Old People One of the most glaring paradoxes in the U.S. health-care system is the persistent shortage of geriatricians. You’ve got a group of patients that is growing, and for whom the federal government guarantees health-care coverage. Yet slots in geriatrics programs go begging while people crowd into surgical specialties (Megan McArdle, 8/19). JAMA Internal Medicine: Cancer Screening In Older Persons Cancer screening in the 21st century … is losing its luster. Increasing evidence suggests that many modalities of cancer screening may be far less beneficial than first thought. Screenings that used to be straightforwardly recommended, such as the prostate-specific antigen test, are now discouraged by many experts. Emerging mammography data show that we need to regularly reexamine even our most stalwart screening standards. Our sense of wonder has evolved into a sense of skepticism: Now we wonder whether screening tests are helping or hurting our patients. … It is particularly important to question screening strategies for older persons (Dr. Cary P. Gross, 8/18). JAMA Pediatrics: An Ethically Appropriate Strategy To Combat Obesity And Food Insecurity Doug Rauch, former president of Trader Joe’s grocery chain, announced his plans for the Urban Food Initiative (UFI). The goals are to address obesity, food insecurity, and food waste by opening nonprofit supermarkets in low-income neighborhoods and providing nutritious low-cost foods. To accomplish this, he proposed selling food gathered from the 11% of fresh produce and perishables that are discarded from other supermarkets, some of which is near or past the sell-by date. … some have questioned whether the ethics of selling food that is near or past the sell-by date or best-by date to individuals living in low-income neighborhoods are objectionable. … the UFI offers an innovative approach to combat obesity and food insecurity. … The store’s food will not be harmful, and the initiative is an ethically appropriate strategy to prevent obesity and food insecurity (Drs. Deepak Palakshappa, Genevieve Daftary and Chris Feudtner, 8/18).
Recommended For You’We were experiencing headwinds’ — Canopy Growth stock heads south on poor sales ramp-upShaw Communications is selling its stake in Corus Entertainment for $548 millionB.C. vows to appeal after top court says province can’t restrict oil shipments across its bordersProtests, legal challenges planned to block Trans Mountain expansionFINCAD Now Accepting Applications for its 2019 Women in Finance Scholarship Twitter 0 Comments Bloomberg News Facebook Sponsored By: More Traders exchange high fives before the closing bell on the floor of the New York Stock Exchange, Dec. 26, 2018.Richard Drew/AP What you need to know about passing the family cottage to the next generation Email Comment December 26, 20186:14 PM EST Filed under News Reddit Join the conversation → Featured Stories U.S. stocks staged one of the biggest rallies of the 9 1/2 year bull market after coming within points of seeing it end, with major indexes surging at least 4.9 per cent. Crude jumped almost 10 per cent. Canadian markets were closed Wednesday, Boxing Day.All but one member of the S&P 500 finished in the green, the Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain and the Nasdaq 100 rallied 6 per cent in a surge last seen in March 2009. Small caps joined the rally with a 5 percent advance.Consumer shares paced the rally, with Amazon jumping 9.5 per cent after reporting record holiday sales. Each member of the FAANG cohort rallied at least 6.4 per cent, while energy producers surged as crude powered past US$46 a barrel. All 30 Dow members gained, with Nike and Apple rising more than 7 percent. Newmont Mining was the only S&P 500 member to fall.“It was probably a pretty good retail-oriented holiday and that probably has a lot to do with what’s happening today,” said Kim Forrest, a senior portfolio manager at Fort Pitt Capital Group.President Donald Trump said a day earlier that the rout that took stocks down 19.8 per cent from a record provided a “tremendous opportunity to buy.” Investors also welcomed assurances by Kevin Hassett, chairman of the Council of Economic Advisers, that Jerome Powell’s job is “100 per cent” safe. Oil’s best rally since 2016 added to the equity surge. Stocks are looking to stop one of the most miserable Decembers on record, as a host of headwinds combined to drag down America’s benchmark index.A reminder that consumers — a key part of the American economy — remain on solid footing helped soothe anxiety created by fears of a global slowdown and personnel churn in the U.S. administration. A late report that a U.S. government delegation will travel to Beijing in two weeks to hold trade talks gave stocks a final push higher.“The thing that the Fed chairman won’t be axed, that has a lot to do with everyone being happy Powell gets to keep his job and that the turmoil about this has abated for today,” Forrest said. “You have the market leaning one way or the other, and it can often do what it’s doing today, which is go higher. On Monday the market leaned lower. It’s an outsize move.”Hassett was the latest government official to try to calm the markets after Bloomberg’s report Friday that President Donald Trump asked about firing Powell. Steven Mnuchin was criticized for saying he called bank chiefs to gauge liquidity. Trump expressed confidence in Mnuchin on Tuesday.Crude surged, the greenback was stronger versus its major peers and Treasuries fell. Exchanges throughout Europe remained closed for the holiday.Elsewhere on Wednesday, Japanese equities closed higher on a wave of late buying after fluctuating throughout the day. Korean shares tumbled after a holiday, and Shanghai stocks fell for a second day. Markets in Australia and Hong Kong were closed.West Texas Intermediate crude rebounded to trade above US$44 a barrel. The offshore yuan was little changed after China released new rules promising to treat all companies equally, the latest positive step on the trade and investment front since further U.S. and Chinese tariff hikes were paused.“There’s a lot of uncertainty in the short-term and that makes sense,” Gershon Distenfeld, AllianceBernstein co-head of fixed income, said on Bloomberg TV. “We’re going to have a lot of volatility. But this base case of ‘the world is coming to an end’ just given the fundamental data out there doesn’t make any sense.” Share this storyU.S. stocks surge in best rally since March 2009 Tumblr Pinterest Google+ LinkedIn advertisement Jeremy Herron and Vildana Hajric U.S. stocks surge in best rally since March 2009 The Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain and the Nasdaq 100 rallied 6 per cent ← Previous Next →
The short seller who sent Dollarama into a spin sees Canada as land of opportunity for activism Shareholder activism ’off the charts’ in Canada with 22 short campaigns last year alone Spruce Point Capital Management LLC, the New York short-selling firm that targeted Montreal-based retailer Dollarama Inc. last year, is planning to take aim at more Canadian companies, Ben Axler, the firm’s founder and chief investment officer, said Monday.“We’re going to do more Canadian activism, definitely,” Axler told the Financial Post after speaking on a panel about activist investing at a Canadian Club event in Toronto.He declined to identify any specific new targets, but suggested they are likely to share characteristics with past ones such as Dollarama, which Spruce Point said was overvalued by about 40 per cent, and space tech firm Maxar Technologies Ltd. Meet the New York investor who’s making all the right calls in shorting Canadian stocks Dollarama shares drop after short-seller says ’broken growth story’ could tumble 40% Ten stocks for 2019: What the pros are picking to outperform this year Axler said he finds Canada’s relatively small market appealing because there are fewer analysts, particularly forensic analysts, tracking companies.“We view that as a market opportunity,” he said, adding that a growing base of retail investors in certain sectors provides a ready audience for activists seeking to make an impact.“We think Canadian shareholders are more apt to listen to an activist,” he said.Dollarama stock has been climbing so far this year, regaining some of the ground it lost after last year’s Spruce Point report and a general market decline. Maxar stock hasn’t bounced back from a slide that began in mid-2018.Activism is already “off the charts” in Canada, with 22 short campaigns last year alone, said Patricia Olasker, a partner at Davies Ward Phillips & Vineberg who was part of the panel discussion.During the discussion, Axler, whose firm has targeted companies from North America to Australia to China, criticized managers who pursue unsustainable returns, use short-term funds to pursue share buybacks, and pay themselves well despite missing targets.Conditions are ripe for activism in a bull market, where “excessive valuations” are common, he said. While some companies are rising with the tide, analysts tend to be unified in assigning ‘buy’ recommendations.Short-sellers create a “natural counterbalance,” in these circumstances, he said.Axler said he attended the Toronto event to stake Spruce Point’s claim as a “fact-based” short-seller, firmly outside the camp of “short and distort” players who use misleading facts to drive down a share price and profit from the decline.“That’s not the type of activism we want to engage in,” he said. “The downside is there are others who might.”Canadian market watchdogs are in the initial stages of a probe aimed at uncovering “the nature and extent of abusive short-selling” in the marketplace. But Axler said he views the regulatory environment in both the United States and Canada as positive for short-sellers.“The regulatory environment is actually an opportunity for third-party activists to come in,” he said, adding after the panel discussion that regulators, particularly in the United States under the Trump administration, are hampered by limited resources.This creates a “need for short-sellers” and they are “filling that void,” he said.“We can highlight problems as we see them. (Then) it’s up to the market to decide.”The panel discussion included Sunny Puri, a portfolio manager at Anson Funds, and David Salman, president of Laurel Hill.Puri said some sectors appear ripe for activist activity, including Canada’s cannabis industry, where fortunes rose at a frenzied pace ahead of October’s nationwide legalization.“There are a few quality companies,” Puri said, adding that many of the rest don’t justify their valuations. He compared the intense interest from retail investors — and the likelihood of a boom followed by a bust — to crypto-currency a year earlier, and mining a decade or so before that. Spruce Point Capital Management targeted Dollarama in a campaign last October.Tyler Anderson/National Post Featured Stories Share this storyThe short seller who sent Dollarama into a spin sees Canada as land of opportunity for activism Tumblr Pinterest Google+ LinkedIn More Comment Barbara Shecter Join the conversation → Twitter advertisement Reddit 0 Comments Email Facebook Recommended For YouTencent-backed live-streaming firm DouYu prices U.S. IPO at low end of rangeZinc falls as supply deficit narrowsTencent-backed live-streaming firm DouYu prices U.S. IPO at low end of range -sourcesAustralian watchdog says Uber Eats will amend ‘unfair’ contract termsMexico unveils Pemex business plan, but banks underwhelmed Sponsored By: March 5, 20198:24 AM ESTLast UpdatedMarch 6, 20199:36 AM EST Filed under News FP Street What you need to know about passing the family cottage to the next generation ← Previous Next →
This unique offer was announced with $2,500 due at signing and monthly payments starting at $275 for 36 months. The monthly payment was increased for the 2018 model year to $295/month. Select California buyers could have gotten into the Ioniq for relatively cheap and it included some interesting benefits:$0 initiation fee after rebateHassle-free transactionInitial tax, title, license and fees (except California sales tax)Unlimited mileage (no mileage penalties)Electric charging reimbursementScheduled maintenance [for first 50,000 miles]Vehicle wear itemsMost of these benefits were minor. However, the unlimited mileage and EV charging reimbursement were nice features.Moving forward, the 2019 Hyundai Ioniq Electric lease will start at $239 for 36 months with $2,500 at signing. With it are the usual 10k, 12k and 15k mile allowances. This new lease does not come with the many other benefits of the previous offer either. Still, it is an affordable way to start driving an efficient electric vehicle. This new price places the all electric version of the Ionic about $40 a month cheaper than the plug-in hybrid version.Unfortunately the lower price is unlikely to improve sales numbers in the states. Since the vehicles launch, the Ioniq Electric and Plug-In models have been selling pretty well worldwide. But 2018 U.S. sales of both models combined are estimated under 1,500 through September. None of this is a surprise considering the electric is only available in California in very limited numbers. Hyundai has cited battery supply issues as the reason for the low production numbers.Hopefully Hyundai can improve their battery supply situation in time for the new longer range version in 2020. The U.S. could certainly benefit from greater inventories.Source: CarsDirect Hyundai IONIQ Electric Test Drive: It Feels Very Conventional Nissan LEAF Goes Head-To-Head Against Hyundai IONIQ Electric Author Liberty Access TechnologiesPosted on October 26, 2018Categories Electric Vehicle News 2019 Hyundai IONIQ Electric, Plug-In To Be Slightly Better Equipped Ioniq Electric Unlimited+ has reached its limit, will be replaced by more traditional leaseAccording to CarsDirect.com, the Hyundai Ioniq Electric will no longer be offered with a “subscription lease”. Under the Ioniq Electric Unlimited+ subscription, buyers were able to drive without concern for traditional lease mileage caps, charging costs, or maintenance costs.More About The Ioniq Electric Source: Electric Vehicle News
First was a Model X rival. Second is a Model S challenger.China-based EV startup XPENG Motors officially launched its first mass-produced model, the XPENG G3, on December 12, 2018. Its second model, positioned as a mid-sized BEV sedan that is to compete with the Tesla Model S in terms of intelligent level, is expected to make its debut at Shanghai International Automobile Industry Exhibition 2019, according to insiders from the startup.More China News Xpeng G3 Sure Does Resemble A Tesla Model X: Video XPENG Motors aims to raise RMB 20 billion of investment in 2019. Up until now, it has completed the Series B round of financing with its value of fundraising totaling up to RMB10 billion. As to the financing performance of another two prominent EV startups, NIO has already gone public obtaining over RMB21.8 billion, while WM Motor has closed its Series D round with total funding value exceeding 15.5 billion.It is noteworthy that the yet-to-be-unveiled BEV sedan will be produced at the company’s plant in Zhaoqing, Guangdong Province. This is an assembly line that is independently built by XPENG Motors itself. The first phase, involving a total investment of RMB4 billion, features a planned capacity of 100,000 NEVs on an annual basis and will output RMB20 billion in annual production value and create around 3,000 jobs for local residents.Source: Gasgoo Author Liberty Access TechnologiesPosted on January 28, 2019Categories Electric Vehicle News NIO’s 3rd Electric Vehicle Rumored To Be EP7 Sedan Source: Electric Vehicle News GAC Sets Up Shop In Detroit To Focus On EVs
Source: Charge Forward A Tesla Model S owner says that Tesla’s safety level “saved his life” after he managed to walk away mostly uninjured after a horrific high-speed crash on Autopilot. more…Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.https://www.youtube.com/watch?v=09bIEmS_KdYThe post ‘Tesla saved my life’, says owner after walking away from high-speed crash on Autopilot appeared first on Electrek.
Tesla Model 3, he hardly knew ye …Source: Electric Vehicle News
End of the semester reading assignments for those interested in topics related to FCPA enforcement.Thus far in 2014, every SEC FCPA enforcement action (both corporate and individual) has been resolved via the SEC’s administrative process. Against this backdrop, Judge Jed Rakoff’s (S.D.N.Y.) recent speech “Is the SEC Becoming a Law Unto Itself” is a suggested read.Prosecutorial common law most certainly impacts FCPA enforcement. My amicus brief filed in connection with the recent Supreme Court “foreign official” cert petition highlighted, among other things, how judicial percolation of the “foreign official” issue is unlikely given how the FCPA is enforced. Against this backdrop, a recent statement by Supreme Court Justices Scalia and Thomas is a suggested read.Both suggested reads are excerpted below.Judge Rakoff’s SpeechIn this recent speech Judge Jed Rakoff (S.D.N.Y.) asks “is the SEC becoming a law unto itself” and discusses “some dangers that seem to lurk … in the SEC’s apparent new policy of bringing a greater percentage of its significant enforcement actions as administrative proceedings.” In pertinent part, Judge Rakoff stated:“[I]n recent months the S.E.C. has signaled its intention to bring as administrative actions certain kinds of enforcement actions that historically it has more often brought in the federal courts. As early as October of 2013, Andrew Ceresney, Director of the Division of Enforcement, stated that “Our expectation is that we will be bringing more administrative proceedings given the recent statutory changes.” He followed that up last June when, with specific reference to insider trading cases, which previously had only very rarely been brought administratively, rather than in federal court, Mr. Ceresney stated: “I do think we will bring more insider-trading cases as administrative proceedings in appropriate cases.” Not to be outdone, Kara Brockmeyer, the head of the SEC’s antiforeign- corruption enforcement unit, stated just two weeks ago that “It’s fair to say it’s the new normal. Just like the rest of the enforcement division, we’re moving towards using administrative proceedings more frequently.”Judge Rakoff next provided an informative historical overview of the SEC’s evolving enforcement powers including recent Section 929 of Dodd-Frank which gave the SEC the power through internal administrative proceedings to impose monetary penalties.In the words of Judge Rakoff:“The net result of all this is that the S.E.C. can today obtain through internal administrative proceedings nearly everything it might obtain by going to court. This sea-change has come about almost entirely at the request of the S.E.C., usually by tacking the provisions authorizing such expansion onto one or another statute enacted in the wake of a financial scandal.What has been the stated rationale for all these changes? Usually nothing more than a claim of greater efficiency. Thus, for example, when then-Director of Enforcement Robert Khuzami submitted a statement to the Senate Judiciary Committee in support of Dodd-Frank, he devoted all of one sentence to what became Section 929P(a), stating: “Additional legislative proposals that would serve to enhance the Division’s effectiveness and efficiency include the ability to seek civil penalties in [administrative] cease-and-desist proceedings.” Similarly, the sole legislative history of Section 929P(a) in the House Report on Dodd-Frank states that “This section streamlines the SEC’s existing enforcement authorities by permitting the SEC to seek civil money penalties in cease-and-desist proceedings under Federal securities laws.”While a claim to greater efficiency by any federal bureaucracy suggests a certain chutzpah, it is hard to find a better example of what is sometimes disparagingly called “administrative creep” than this expansion of the S.E.C.’s internal enforcement power.To be sure, an S.E.C. enforcement action brought internally is in some superficial respects more “effective and efficient” and more “streamlined” than a similar action brought in federal court, for the simple reason that S.E.C. administrative proceedings involve much more limited discovery than federal actions, with no provision whatsoever for either depositions or interrogatories. Similarly, at the hearing itself, the Federal Rules of Evidence do not apply and the S.E.C. is free to introduce hearsay. Further still, there is no jury, and the matter is decided by an administrative law judge appointed and paid by the S.E.C. It is hardly surprising in these circumstances that the S.E.C. won 100% of its internal administrative hearings in the fiscal year ending September 30, 2014, whereas it won only 61% of its trials in federal court during the same period.But, although the informality and arguable unfairness of S.E.C. administrative proceedings might present serious problems for those defending such actions, you might suppose that federal judges would be delighted to have fewer complicated securities cases burdening their overcrowded dockets. The reason, though, that I suggest that the judiciary and the public should be concerned about any trend toward preferring the S.E.C.’s internal administrative forum to the federal courts is that it hinders the balanced development of the securities laws.”[…][G]iven the expansion of its internal jurisdiction occasioned by Dodd-Frank, the S.E.C. might well be tempted in the future to bring such cases as administrative enforcement actions, and thereby likely avoid the sting of well-publicized defeats. But the result would be that the law in such cases would effectively be made, not by neutral federal courts, but by S.E.C. administrative judges.This is because, at least in the case of administrative decisions that have been formally approved by the S.E.C., such decisions, though appealable to the federal courts of appeals, are presumed correct unless unreasonable. In other words, while the decisions of federal district courts on matters of law are subject to de novo review by the appellate courts, the law as determined by an administrative law judge in a formal administrative decision must be given deference by federal courts unless the decision is not within the range of reasonable interpretations.To put it in terms that this audience is familiar with, an S.E.C. administrative judge’s formal ruling on an otherwise undecided issue of statutory interpretation of the securities law is, just like rules enacted by the Commission, entitled to “Chevron” deference.”[…]In short, what you have here are broad anti-fraud provisions, critical to the transparency of the securities markets, that have historically been construed and elaborated by the federal courts but that, under Dodd-Frank, could increasingly be construed and interpreted by the S.E.C.’s administrative law judges if the S.E.C. chose to bring its more significant cases in that forum. Whatever one might say about the S.E.C.’s quasijudicial functions, this is unlikely, I submit, to lead to as balanced, careful, and impartial interpretations as would result from having those cases brought in federal court.In the short-run, this would be unfair to the litigants. In the longer-run, it might not be good for the S.E.C. itself, which has its own reputation for fairness to consider. But, most of all, in the both the short-run and the long-run, it would not be good for the impartial development of the law in an area of immense practical importance.Almost from the very outset of the administrative state, the defense of the huge power we accord to administrative agencies – as classically stated by the second Chairman of the S.E.C., James Landis, in his book The Administrative Process – is that no practical alternative exists in our complex society. But when it comes to interpreting the securities laws, a practical alternative – and the very one provided by the Constitution – has functioned very effectively for decades, namely, adjudication in the federal courts. I see no good reason to displace that constitutional alternative with administrative fiat, and I would urge the S.E.C. to consider that it is neither in its own longterm interest, nor in the interest of the securities markets, nor in the interest of the public as a whole, for the S.E.C. to become, in effect, a law onto itself.”Justice Scalia / Thomas StatementRecently, the U.S. Supreme Court denied cert in an insider trading case, Whitman v. United States. Much of the news surrounding the denial though focused on this statement by Justice Scalia and joined by Justice Thomas. The statement reads in full (internal citations omitted) as follows.“A court owes no deference to the prosecution’s interpretation of a criminal law. Criminal statutes “are for thecourts, not for the Government, to construe.” This case, a criminal prosecution under §10(b) of the SecuritiesExchange Act of 1934 raises a related question: Does a court owe deference to an executive agency’s interpretation of a law that contemplates both criminal and administrative enforcement?The Second Circuit thought it does. It deferred to the Securities and Exchange Commission’s interpretation of §10(b), and on that basis affirmed petitioner Douglas Whitman’s criminal conviction. Its decision tilled no new ground. Other Courts of Appeals have deferred to executive interpretations of a variety of laws that have both criminal and administrative applications.I doubt the Government’s pretensions to deference. They collide with the norm that legislatures, not executive officers, define crimes. When King James I tried to create new crimes by royal command, the judges responded that “the King cannot create any offence by his prohibition or proclamation, which was not an offence before.” James I, however, did not have the benefit of Chevron deference. With deference to agency interpretations of statutory provisions to which criminal prohibitions are attached, federal administrators can in effect create (and uncreate) new crimes at will, so long as they do not roam beyond ambiguities that the laws contain. Undoubtedly Congress may make it a crime to violate a regulation, but it is quite a different matter for Congress to give agencies—let alone for us to presume that Congress gave agencies—power to resolve ambiguities in criminal legislation.The Government’s theory that was accepted here would, in addition, upend ordinary principles of interpretation. The rule of lenity requires interpreters to resolve ambiguity in criminal laws in favor of defendants. Deferring to the prosecuting branch’s expansive views of these statutes “would turn [their] normal construction . . . upside-down, replacing the doctrine of lenity with a doctrine of severity.”The best that one can say for the Government’s position is that in Babbitt v. Sweet Home Chapter, Communities for Great Ore., 515 U. S. 687 (1995), we deferred, with scarcely any explanation, to an agency’s interpretation of a law lenity aside in a footnote, stating that “[w]e have never suggested that the rule of lenity should provide the standard for reviewing facial challenges to administrative regulations.” That statement contradicts the many cases before and since holding that, if a law has both criminal and civil applications, the rule of lenity governs its interpretation in both settings. The footnote in Babbitt added that the regulation at issue was clear enough to fulfill the rule of lenity’s purpose of providing “fair warning” to would-be violators. But that is not the only function performed by the rule of lenity; equally important, it vindicates the principle that only the legislature may define crimes and fix punishments. Congress cannot, through ambiguity, effectively leave that function to the courts—much less to the administrative bureaucracy. Babbitt’s drive-by ruling, in short, deserves little weight.Whitman does not seek review on the issue of deference, and the procedural history of the case in any event makes it a poor setting in which to reach the question. So I agree with the Court that we should deny the petition. But when a petition properly presenting the question comes before us, I will be receptive to granting it.”
Professor Juliet Sorensen (Northwestern University School of Law) and Northwestern Law students Michelle Kennedy and Cassandra Myers are attending the Sixth Conference of the State Parties (CoSP) to the United Nations Convention against Corruption in St. Petersburg, Russia. For more on the opening of the Conference, see here and here. Over the next few days, FCPA Professor will be publishing various posts regarding the proceedings. This post is from Cassandra Myers.***** Keeping the public informed and involved in the fight against corruption can be a valuable accountability tool. Nations have long struggled to find a mechanism to better incorporate public oversight without creating intrusion.Open data may be the answer.Yesterday at the United Nations Convention Against Corruption Special Event, “(How) Can Open Data Prevent and Fight Corruption?,” several panelists suggested that open data directly increases government accountability and correspondingly lowers incidences of corruption. Open data describes internal information that the government publishes to the public in an accessible and understandable manner.While critics may argue that government information has been available for years through legal channels, the concept of open data focuses on the ability of a user to easily access and understand the material. A person could then compare and analyze figures to comprehend a data set’s implications. The information gives every citizen the ability to examine his or her government, and the transparency holds governments accountable, particularly regarding their expenses. The effort hopes to increase faith in all areas of government and deter individuals who may otherwise pursue corrupt practices. As Samuel De Jaegere, a UNODC Representative, described, “If you’re involved in corruption, you end up being a victim yourself.”The panel served as an update on Resolution 5/4 from the 2013 Convention Against Corruption in Panama City, Panama, which urged countries to increase transparency by enhancing methods for the public to obtain information. Rita Karasartieva of the Societal Analysis Public Association described the open data interface implemented in the Kyrgyz Republic as a case study. The database is available over the internet and individuals can view particular government data in a simple interface by filtering for different categories—such as budget data and contract bid results.The inclusivity was positive on a transparency front. However, as Karasartieva bluntly pointed out, “there were some problems.” When a country creates a data system, but does not teach individuals how to use or process that information in a meaningful way, public dissatisfaction can, and likely will, result. The daily update of information to the data system in one municipality caused a “bombard[ment]” of requests to the local Parliament, demanding the government reduce completely legitimate spending that people considered frivolous.This response led panelists to largely agree on one caveat to open data systems: the unprocessed numbers published by the government are prone to confusion. Most of those accessing the public data did not have a coherent means of analyzing it to draw statistically significant conclusions. Rather, the public took issue with raw numbers, which can seem high for any government expense. Karasartieva explained that “It’s not enough to know how much has been spent on a school; you need to know what this money has changed at that school.” The problem limits the utility of the open data and potentially hurts the transparency effort by creating fervor over non-corrupt practices.However, in describing many of the open data successes in Africa, De Jaegere promised that making data clear and accessible was only the beginning of the open data movement. Before the member countries focus on helping every individual analyze the given records, it is important to push more countries to establish publicly accessible data in general.The presentation ended with descriptions of some of the large efforts of open data and the resulting accountability’s effect on everyday citizens’ lives. For example, when the United Kingdom began publishing heart surgery success rates by hospital, individuals could choose their care, and survival rates improved by 50%. Similarly, when Tanzania promoted inclusivity by creating a hotline for citizens when scarce water wells ran dry, the government could respond to provide more water quickly. Open data takes many forms, but the ultimate message is the same: the accountability of the government and the inclusivity of the people improved lives.
September is a great month. The heat and humidity of July and August have largely subsided, evenings are crisp and cool, the leaves begin to change, college football returns to campus, and oh those honeycrisp apples!As highlighted in this post, historically September has tended to be an active month for FCPA enforcement. Most notably, the SEC’s fiscal year ends on September 30th and while we would like to think that the government does not “close its books” like a business organization at the end of a fiscal year, this most certainly appears to be the case.As further highlighted, September has also tended to be an active month for enforcement agency speeches as “official Washington” gets back to its business of making rhetoric filled policy speeches.September 2016Last September there were FCPA enforcement actions against the following companies.GlaxoSmithKline (Sept. 30th)(SEC)See here for the prior postOch-Ziff (Sept. 29th)(DOJ & SEC)See here and here for prior posts.HMT LLC (Sept. 29)(DOJ)See here for the prior post.NCH Corp. (Sept. 29)(DOJ)See here for the prior post.AB InBev (Sept. 28th)(SEC)See here for the prior post.Nu Skin (Sept. 20th)(SEC)See here and here for prior postsSeptember 2015In September 2015, there were FCPA enforcement action against the following companies.Hyperdynamics (Sept. 29th)(SEC)See here for the prior postHitachi (Sept. 28th)See here and here for prior postsSeptember has also tended to be an active month for enforcement agency speeches as “official Washington” gets back to its business of making rhetoric filled policy speeches.September 2016As highlighted here, then SEC Chair Mary Jo White delivered a speech that focused on “a few priority areas that illustrate the dimensions of the SEC’s international role” and a substantial portion of the speech focused on the Foreign Corrupt Practices Act including how “vigorous enforcement of the FCPA is a high priority for both the SEC and DOJ.”As highlighted here, then DOJ Principal Deputy Assistant Attorney General David Bitkower delivered a speech that focused on the FCPA including the DOJ’s so-called FCPA Pilot Program which he called “sophisticated” and “transparent.”September 2015As highlighted here, then DOJ Deputy Attorney General Sally Yates delivered a speech and released a DOJ policy memo memo titled “Individual Accountability for Corporate Wrongdoing.”*****Whatever happens this September, you can be sure that FCPA Professor will provide the most comprehensive and candid real-time coverage publicly available.Thanks for reading. Strategies For Minimizing Risk Under The FCPA A compliance guide with issue-spotting scenarios, skills exercises and model answers. “This book is a prime example of why corporate compliance professionals and practitioners alike continue to listen to Professor Koehler.” Order Your Copy