Elon Musk: I got “government approval” for New York-DC Hyperloop..Officials: “no he didn’t”

•July 24, 2017 • 1 Comment

https://www.theguardian.com/technology/2017/jul/20/elon-musk-hyperloop-verbal-government-approval

Elon Musk does not have government approval to build a Hyperloop tunnel from New York City to Washington DC.

The Tesla executive took to Twitter this morning to tantalize his legion of fans and the tech press with the “news” that he had “just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins … City center to city center in each case, with up to a dozen or more entry/exit elevators in each city.”

Lest any billionaires need to brush up on civics 101: the US system of government does not operate on “verbal government approvals”.

Musk walked back his claim about 90 minutes later, tweeting: “Still a lot of work needed to receive formal approval, but am optimistic that will occur rapidly”.

A lot of work is needed to receive formal approval, indeed.

Musk was received with typical credulity by the tech press, and considerable consternation by various government agencies. Several spokespeople who answered the phones at relevant city, state and federal government bodies laughed upon hearing of the claim that an interstate transit project with a significant street-level footprint in four of the east coast’s largest cities could be approved verbally.

“Who gave him permission to do that?” asked a spokesman with the Maryland department of transportation.

“Elon Musk has had no contact with Philadelphia officials on this matter,” said Mike Dunn, the city spokesman. “We do not know what he means when he says he received ‘verbal government approval’. There are numerous hurdles for this unproven ‘hyperloop’ technology before it can become reality.”

A spokesperson for the state of Pennsylvania confirmed that neither the governor nor the state’s department of transportation had been contacted by Musk or his company.

Ben Sarle, a spokesman for the New York City mayor’s office, said in an email: “Nobody in City Hall, or any of our city agencies, has heard from Mr Musk or any representatives of his company.”

“The New York state department of transportation did not give verbal approval for a hyperloop,” said spokeswoman Jennifer Post.

Anthony McCarthy, the spokesman for the Baltimore mayor, Catherine Pugh, said: “Mr Musk’s announcement on Twitter was the first that the city heard of the Hyperloop project. ” However, Pugh said in a statement that she was “excited” to hear about the idea, which could “create new opportunities for Baltimore and transform the way we link to neighboring cities” – if it becomes a reality.

Similarly, LaToya Foster, the spokeswoman for Washington DC mayor Muriel Bowser, said: “This is the first we heard of it . We can’t wait to hear more.”

Spokespeople for other state and federal regulators said they were getting numerous calls about Musk’s claims but did not yet have any information to share.

“I really have no idea,” said Ben Fritsch, spokesman for Congresswoman Eleanor Holmes Norton, who represents Washington DC and sits on the House transportation committee.

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just about had my fill of elon for the year..hes the everywhere man..making it up as he goes..doing whatever he wants because he knows he has this game sewn up..

“Several spokespeople who answered the phones at relevant city, state and federal government bodies laughed upon hearing of the claim that an interstate transit project with a significant street-level footprint in four of the east coast’s largest cities could be approved verbally.”

so he lied..

401

Aboriginal archaeological discovery in Kakadu rewrites the history of Australia

•July 21, 2017 • 4 Comments

http://www.smh.com.au/technology/sci-tech/aboriginal-archaeological-discovery-in-kakadu-rewrites-the-history-of-australia-20170719-gxe3qy.html

Aboriginal people have lived in Australia for a minimum of 65,000 years, a team of archaeologists has established – 18,000 years longer than had been proved previously and at least 5000 years longer than had been speculated by the most optimistic researchers.

The world-first finding, which follows years of archaeological digging in an ancient camp-site beneath a sandstone rock shelter within the Jabiluka mining lease in Kakadu, Northern Territory, drastically alters the known history of the trek out of Africa by modern humans, according to the leader of the international team of archaeologists, associate professor Chris Clarkson of the University of Queensland.

The findings, which are already causing intense interest in archaeological circles across the world, have been peer reviewed by internationally recognised scientists and are published this week in the world’s most prestigious science journal, Nature.

Among the trove of discoveries are the world’s oldest stone axes with polished and sharpened edges, proving that the earliest Australians were among the most sophisticated tool-makers of their time: no other culture had such axes for another 20,000 years.

“The axes were perfectly preserved, tucked up against the back wall of the shelter as we dug further and further,” Professor Clarkson told Fairfax Media.

“There was one on the surface, another further down that we dated at 10,000 years. Then there were quite a few further down still which were able to date at 35,000 to 40,000 years, and finally one at 65,000 years, surrounded by a whole bunch of stone flakes.”

The team had also found the oldest known seed-grinding tools in Australia, a large buried midden of sea shells and animal bones, and evidence of finely made stone spear tips.

———-

“drastically alters the known history of the trek out of Africa by modern humans, according to the leader of the international team of archaeologists, associate professor Chris Clarkson of the University of Queensland.”

maybe it went the other way..and the first were here and then went to africa? 😉

“Among the trove of discoveries are the world’s oldest stone axes with polished and sharpened edges, proving that the earliest Australians were among the most sophisticated tool-makers of their time: no other culture had such axes for another 20,000 years.

so they could be the first..

401

S&P 500, Dow and Nasdaq race to new records

•July 21, 2017 • Leave a Comment

https://www.thestreet.com/story/14235716/1/s-amp-p-500-nasdaq-sprint-to-new-records-as-broadcast-and-tech-stocks-climb.html

Another day of gains for Wall Street pushed the S&P 500, Nasdaq and Dow Jones Industrial Average to new records on Wednesday, July 19.

The S&P 500 added 0.53% to a record close of 2,473, and the Nasdaq increased 0.64% to 6,385. The Dow was up 0.30 to a new record of 21,640.

Merger talks between Discovery Communications Inc. (DISCA) and Scripps Networks Interactive Inc. (SNI) set the S&P 500 and Nasdaq higher. A Wall Street Journal report broke earlier that the two are in talks to merge, reviving discussions of a merger that fizzled in 2013. The Journal article, which cited sources familiar with the matter, didn’t report on any specifics of the deal, but noted that it’s possible the deal could fall apart or that another bidder for Scripps could emerge.

Scripps shares rocketed 14% higher, while Discovery increased 4%. Other media and entertainment stocks rose, including AMC Networks Inc. (AMCX) , Sinclair Broadcast Group Inc. (SBGI) , CBS Corp. (CBS) and Walt Disney Co. (DIS) .

More gains in the tech sector also helped out markets on Wednesday. Major tech stocks have mostly recovered from a mid-June selloff with the Technology Select Sector SPDR ETF (XLK) now down 0.3% from the first crash on June 9. Apple Inc. (AAPL) shares were up 0.7% on Wednesday, looking to close out the session with gains for the ninth time in a row.

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run with the bulls..but dont forget to bring a red flag..

nasdaq flying..i smell an epic bubble..

401

Trump ends covert CIA program to arm anti-Assad rebels in Syria

•July 21, 2017 • 9 Comments

https://www.washingtonpost.com/world/national-security/trump-ends-covert-cia-program-to-arm-anti-assad-rebels-in-syria-a-move-sought-by-moscow/2017/07/19/b6821a62-6beb-11e7-96ab-5f38140b38cc_story.html?pushid=596fab4ff1dad71d00000034&tid=notifi_push_breaking-news&utm_term=.689db6c4ed80

President Trump has decided to end the CIA’s covert program to arm and train moderate Syrian rebels battling the government of Bashar al-Assad, a move long sought by Russia, according to U.S. officials.

The program was a central plank of a policy begun by the Obama administration in 2013 to put pressure on Assad to step aside, but even its backers have questioned its efficacy since Russia deployed forces in Syria two years later.

Officials said the phasing out of the secret program reflects Trump’s interest in finding ways to work with Russia, which saw the anti-Assad program as an assault on its interests. The shuttering of the program is also an acknowledgment of Washington’s limited leverage and desire to remove Assad from power.

Just three months ago, after the United States accused Assad of using chemical weapons, Trump launched retaliatory airstrikes against a Syrian air base. At the time, U.N. Ambassador Nikki Haley, said that “in no way do we see peace in that area with Assad at the head of the Syrian government.”

Officials said Trump made the decision to scrap the CIA program nearly a month ago, after an Oval Office meeting with CIA Director Mike Pompeo and national security adviser H.R. McMaster ahead of a July 7 meeting in Germany with Russian President Vladimir Putin.

Spokesmen for the National Security Council and the CIA declined to comment.

After the Trump-Putin meeting, the United States and Russia announced an agreement to back a new cease-fire in southwest Syria, along the Jordanian border, where many of the CIA-backed rebels have long operated. Trump described the limited cease-fire deal as one of the benefits of a constructive working relationship with Moscow.

The move to end the secret program to arm the anti-Assad rebels was not a condition of the cease-fire negotiations, which were already well underway, said U.S. officials, who spoke on the condition of anonymity to discuss the secret program.

Trump’s dealings with Russia have been under heavy scrutiny because of the investigations into the Kremlin’s interference in the 2016 election. The decision on the CIA-backed rebels will be welcomed by Moscow, which focused its firepower on those fighters after it intervened in Syria in 2015.

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this one sort of slipped through..not a lot of attention..i guess thats because it confirms the loss and the victory to assad..

“Trump has decided to end the CIA’s covert program to arm and train moderate Syrian rebels battling the government of Bashar al-Assad, a move long sought by Russia, according to U.S. officials.”

should never have been there anyway..

“Officials said Trump made the decision to scrap the CIA program nearly a month ago, after an Oval Office meeting with CIA Director Mike Pompeo and national security adviser H.R. McMaster ahead of a July 7 meeting in Germany with Russian President Vladimir Putin.”

(((who))) will pick up the slack now?

401

Paris hopes for hard Brexit to steal London’s financial hub

•July 21, 2017 • Leave a Comment

https://www.rt.com/business/396557-brexit-paris-london-economy-leak/

French bankers and the government would like the hardest possible separation of Britain from the European Union to weaken the City of London, according to a leaked memo published on Sunday.

“They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation of the City of London,” Jeremy Browne, the City’s envoy to the EU, wrote in a memo first published by the Daily Mail.

“They are in favor of the hardest Brexit. They want disruption. They actively seek disaggregation of financial services provision. The clear messages emanating from Paris are not just the musings of a rogue senior official in the French government or central bank. France could not be clearer about their intention,” Browne wrote after a meeting with senior French officials at the beginning of July.

The Bank of France, the country’s financial regulator, on Monday, denied an aggressive tone in the discussions.

“We reminded them of our position that Great Britain has unfortunately chosen a ‘hard Brexit,’ the City of London, therefore, loses its European passport and that some financial activities connected to the euro will relocate to the continent. It’s a question of consistency,” said an anonymous spokesman, as quoted by FRANCE 24.

Following the UK vote to quit the bloc, several European cities, including Frankfurt, Amsterdam, Madrid, Dublin, and Luxembourg began fighting for the title of the Europe’s financial hub.

As Britain may lose the passporting rights, big businesses may need to relocate to the EU area to be able to deal with clients in the bloc.

Shortly after the Brexit referendum, the Independent newspaper reported the head of the Paris regional government Valerie Pecresse sent 4,000 encouraging letters to small, medium and large international firms in London, highlighting the advantages of shifting to Paris.

Several PR programs have been launched by French authorities to attract international corporations to Paris, including “Tired of the fog? Try the frogs” and “Brexit cell” – an information hotline responding to queries from firms mulling a potential relocation from London to Paris.

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ahh..the french..

They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation of the City of London,” Jeremy Browne, the City’s envoy to the EU, wrote in a memo first published by the Daily Mail.”

one persons loss is anothers gain..

“Shortly after the Brexit referendum, the Independent newspaper reported the head of the Paris regional government Valerie Pecresse sent 4,000 encouraging letters to small, medium and large international firms in London, highlighting the advantages of shifting to Paris.”

401

Goldman wins patent for its own cryptocoin technology..what could go wrong?

•July 20, 2017 • 2 Comments

http://www.zerohedge.com/news/2017-07-17/goldman-wins-patent-setlcoin-technology

Goldman Sachs has clinched an important victory in its race to transition from a stodgy investment bank into a fintech powerhouse: it was awarded a patent for its proposed “SETLcoin” cryptocurrency settlement system, according to CoinDesk, the first to report on the patent.

“The US Patent and Trademark Office (USPTO) published Goldman’s patent on July 11, entitled “Cryptographic currency for securities settlement”. The bank made headlines when the existence of the patent application was revealed in late 2015.”

The concept envisions a system for settling securities trades using cryptocurrency instead of cash or other cash equivalents. When filed in December of 2015, the application notably outlined methods for exchanging SETLcoins for digitized stocks for firms like Google and Microsoft, as well as cryptocurrencies, naming bitcoin and litecoin in particular, as CoinDesk explains.

In its patent application, Goldman highlights the shortcomings of the clearing and settlement system, explaining how counterparties are forced to bear unnecessary risk during the period between when a trade is made and when it is settled, which can be up to three days for stock trades.

“The settlement of securities involves a process whereby securities or interests in securities (e.g., debt, equity, or derivative contracts) are delivered, usually against payment of money. A number of risks arise for the parties during the settlement interval that follows trading and precedes settlement. For example, after a trade for a security and before settlement, the rights of the purchaser are contractual and therefore personal; however, because such rights are merely personal, these rights are at risk in the event of the insolvency of the either counterparty to the trade. After settlement, the purchaser owns the securities, and the purchaser` rights are proprietary. Clearing involves modifying contractual obligations to facilitate settlement. Clearing houses, such as the National Securities Clearing Corporation (NSCC), provide clearing, settlement, risk management, central counterparty services, and a guarantee of completion for certain transactions (e.g., broker-to-broker trades, depositary receipts, and exchange-traded funds), and they serve as the central counterparty for trades in the U.S. securities markets. In the United States, the settlement date for marketable stocks can be an extended length of time–three business days after the trade is executed and for listed options and government securities it is usually one day after the execution.”

Then Goldman describes how cryptocurrencies like bitcoin work.

“A cryptographic currency is a digital medium of exchange that enables distributed, rapid, cryptographically secure, confirmed transactions for goods and/or services. One of the first cryptographic currencies to come to broad attention was Bitcoin, which is based on a peer-to-peer network, in 2009. Since then, numerous cryptographic currencies have become available, such as Litecoin, Novacoin, Namecoin, Feathercoin, Terracoin, Dogecoin, and Peercoin. Fundamentally, cryptographic currencies are specifications regarding the use of currency that seek to incorporate principles of cryptography (e.g., public-key cryptography) to implement a distributed and decentralized information economy. A digital currency, e.g., a bitcoin used in Bitcoin, is computationally brought into existence by an issuer (e.g., a bitcoin is “mined”). Digital currency can be stored in a virtual cryptographic wallet, (hereinafter “wallet”), i.e., a software and/or hardware technology to store cryptographic keys and cryptographic currency. Digital currency can be purchased (e.g., for U.S. dollars at an ATM or at an exchange), sold (e.g., for goods and/or services), traded, or exchanged for a different currency or cryptographic currency, for example. A sender makes a payment (or otherwise transfers ownership) of digital currency by broadcasting (e.g., in packets or other data structures) a transaction message to nodes on a peer-to-peer network. The transaction message includes the quantity of virtual currency changing ownership (e.g., 4 bitcoins) and the receiver’s (i.e., the new owner’s) public key-based address. Transaction messages are sent through the Internet, without the need to trust a third party, so settlements are extremely timely and efficient.”

…before providing a detailed description of how its SETLCoin system works, along with a summary of its most important innovation: the reduction in settlement times.

“The described technology concerns one or more methods, systems, apparatuses, and mediums storing processor-executable process steps to substantively instantly settle securities, based on cryptographic currency technology, without the risks associated with traditional settlement technologies.”

To be sure, Goldman knows what it is doing: a recent chart showing the blockchain ecosystem confirms that it is ripe for a major bank stepping in and profiting from the numerous “externalities”:

According to Goldman, SETLCoin is a cryptocurrency that can be exchanged for financial securities over a peer-to-peer network, allowing trades to settle instantly because transfer of the SETLCoin is instant. Here’s how it will work:

“…SETLcoin wallet holds multiple positionable items (e.g., a security item, such as a share), herein referred to as a Positional Item inside Cryptographic currency (PIC), and a position (i.e., a quantity of the PIC represented by an SETLcoin wallet). A PIC is an agreed upon reference used by the peer-to-peer network to refer to, e.g., a particular security. For example, “IBM” (the stock market symbol of the company by the same name) can also be a PIC used by the peer-to-peer network to refer to IBM stock. A PIC, in some embodiments, is determined (and invalidated) by an issuer. An issuer (e.g., a company, underwriter, municipality, government, etc.) can have multiple PICS to represent different types of securities. For example, IBM stocks can be represented by PIC “IBM-S” and IBM bonds by PIC “IBM-B”. In some embodiments, PICS are issued (and destroyed) by highly authoritative entities. For example, dollars available on the SETLcoin network represented by, e.g., PIC “USD” may be authoritatively issued by, for example, the U.S. Treasury. However, the described technology can issue PICS based on various other techniques (e.g., network node agreement, exchange regulation, lease or purchase, auction, etc.) and can be named based on, e.g., a company’s name, its market symbol, its branding, its security name, availability, or a preferred format (e.g., length, abbreviation, etc.).

An SETLcoin wallet or transaction can house a single security, as described above, or multiple denominations of the same security (e.g., 1 IBM-S SETLcoin valued at 100 IBM shares). SETLcoin wallets or transactions may also house multiple securities (e.g., 1 IBM-S SETLcoin and 2 GOOG-S SETLcoins). SETLcoins are exchangeable for, e.g., other SETLcoins and/or other cryptographic currencies (e.g., peercoins). For example, a single IBM-S SETLcoin may be exchangeable for one or more “GOOG” SETLcoins (i.e., Google shares), for 13,000 USD SETLcoins, 100 litecoins, and/or for 5 bitcoins.”

It is unclear if and how Goldman’s foray into blockchain will impact prices of existing tokens. You can read the whole patent here.

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i guess it was only a matter of time..

“The US Patent and Trademark Office (USPTO) published Goldman’s patent on July 11, entitled “Cryptographic currency for securities settlement”. The bank made headlines when the existence of the patent application was revealed in late 2015.”

any other banks..or just this one?

“According to Goldman, SETLCoin is a cryptocurrency that can be exchanged for financial securities over a peer-to-peer network, allowing trades to settle instantly because transfer of the SETLCoin is instant. ”

401

5 “aliens” discovered near Nazca lines in Peru

•July 20, 2017 • 1 Comment

https://www.rt.com/viral/396270-alien-remains-nazca-peru/

During a press conference entitled “The mummies of Nazca” in Lima, Peru, UFO enthusiasts and journalists discussed the alleged discovery of alien remains near the Nazca lines of Peru.

Well-known Mexican Ufologist and journalist Jaime Maussan claimed on Tuesday that a total of five bodies have been discovered in the past two months, asserting that the remains possess qualities “closer to reptiles than humans.” 

He explained that the bodies are over 1,700 years old, which happens to coincide with the timeframe in which the Nazca lines (geoglyphs or artworks formed by lines drawn in the earth) are believed to have been created.

Maussan included X-rays of the mummified remains in order to dispute claims made after the initial discovery in June that they were falsified or made of plaster cast.

“Nobody has proven that it is a fraud. We are going to present preliminary evidence that will determine in the eyes of the media, that these are true specimen,” he said. “And if there are still doubts that this is real, the obligation of Peruvians and the whole world is to preserve these bodies to find a true answer.”

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what have we got here?

“Well-known Mexican Ufologist and journalist Jaime Maussan claimed on Tuesday that a total of five bodies have been discovered in the past two months, asserting that the remains possess qualities “closer to reptiles than humans.”

ok..

“the bodies are over 1,700 years old, which happens to coincide with the timeframe in which the Nazca lines (geoglyphs or artworks formed by lines drawn in the earth) are believed to have been created.”

debunk it if you can..

401

 
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