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Look for more selling pressure next week Posted by: superadmin - 06-19-2022, 06:01 PM - Forum: Business, Economy and Investment - No Replies Look for more selling pressure next week as investors learn the hard way not to fight the Fed The S&P 500 posted its 10th down week in the last 11. The index is now well into a bear market. Bank of America global economist Ethan Harris described the U.S. economy as “one revision away from recession.” Federal Reserve Chair Jerome Powell will be in the hot seat again next week, as he returns to Capitol Hill to testify before both houses of Congress. Wall Street and the Federal Reserve appeared to enter a new reality this week, and the result for investors was big losses with no obvious end point in sight. The S&P 500 posted its 10th down week in the last 11, and is now well into a bear market. On Thursday, all 11 of its sectors closed more than 10% below their recent highs. The Dow Jones Industrial Average fell below 30,000 for the first time since January 2021 this past week. Unlike recent drawdowns for stocks, however, the central bank will not be putting a bottom in the market. Instead, the Fed raised interest rates by three-quarters of a percentage point on Wednesday — its biggest since 1994 — and signaled continued tightening ahead. Chair Jerome Powell will testify before Congress next week and is expected to hold firm on his plan for a more aggressive Fed until inflation is brought to heel. - More -   The Science Is Clear: Gun Control Saves Lives Posted by: superadmin - 06-19-2022, 05:03 PM - Forum: Politics - No Replies Some editorials simply hurt to write. This is one. At least 19 elementary school children and two teachers are dead, many more are injured, and a grandmother is fighting for her life in Uvalde, Tex., all because a young man, armed with an AR-15-style rifle, decided to fire in a school. By now, you know these facts: This killing spree was the largest school shooting since Sandy Hook. Law enforcement couldn’t immediately subdue the killer. In Texas, it’s alarmingly easy to buy and openly carry a gun. In the immediate hours after the shooting, President Biden demanded reform, again. Legislators demanded reform, again. And progun politicians turned to weathered talking points: arm teachers and build safer schools. - More -   China’s air becomes cleaner now, as CO2 emissions/unit of GDP fall by half from 2005 Posted by: superadmin - 06-19-2022, 02:35 PM - Forum: Environment Protection News - No Replies China’s air becomes cleaner now, as carbon dioxide emissions per unit of GDP fall by half from 2005 China, as the world’s largest developing country, has made great achievements in carbon reduction during the past decade, cutting its carbon emissions per unit of GDP by half from 2005 levels.  Despite intensifying challenges ahead, the direction of reducing carbon emissions will not be changed and China retains huge potential in developing new energy resources, experts said on Saturday. In 2021, the national carbon dioxide emissions per unit of GDP fell by 3.8 percent year-on-year, approximately 50.3 percent lower than 2005 levels. The total energy consumption sourced from coal dropped from 72.4 percent in 2005 to 56 percent in 2021, according to Zhao Yingming, vice minister of the Ministry of Ecology and Environment. Non-fossil fuel energy now stands at 16.6 percent of the country’s total energy consumption in 2021, Zhao said. - More -   China Just KILLED Mark Zuckerberg's Metaverse Posted by: superadmin - 06-19-2022, 02:17 PM - Forum: Technology - No Replies   A Warning to China? Or merely a Whisper? Posted by: superadmin - 06-18-2022, 02:34 PM - Forum: Politics - No Replies   Where are the Islamic scholars and moderate reformists in Malaysia? Posted by: superadmin - 06-18-2022, 09:31 AM - Forum: Stop Racism and Religious Bigotry - No Replies Malaysia is at a crossroads with Islam at the center of the issue. Will Malaysia go down the Taliban road or will it go the road of a progressive and inclusive nation? One road will lead to a priesthood of Islam where all thoughts, words and deed are governed by ustaz with a narrow educational background who thinks just because they know Arabic, it is enough for them to be interpreters of God’s words. This theocratic governance will usurp our parliamentary democracy in place of an <em>ulamak</em> based central power that will determine what we eat, wear and which direction to shit. Or will Malaysia reclaim its pre-Reformist Islam direction of moderation, progressive thought, freedom of expression, artistic creativity, community heritage and a membership of a global coexistence instead of a group of frogs under the tempurung? The Islamic Reform effort was started by groups of professionals in multi-disciplinary fields of science, arts, medicine, engineering and others along with a few <em>ustaz</em> of Islamic education to form the many entities that we have today that served an ‘Islamic Movement. The Angkatan Belia Islam or ABIM was the first known Reformist group that ushered in a new wave of Islam that even affected the politics of Umno. Then came the less known and secretive IKRAM which before that was said to be some radical student group from UK called IRC which later on was renamed as JIM. I began my Islamic Reformist supporter since the days of my education in the US where the Malay students who called themselves the Malaysian Islamic Study Group opened a new world of Islam as part of a social, political and economic life. From the work of Professor Dr. Ismail Raj Al-Faruqi, I was introduced to the Islamization of Science and other Knowledge. - More -   Political ‘backstabbing’ drove me out of DAP: Lee Lam Thye biography Posted by: superadmin - 06-18-2022, 09:09 AM - Forum: Politics - Replies (2) KUALA LUMPUR – It was political “backstabbing” by DAP that had driven Tan Sri Lee Lam Thye to permanently retire from active politics, despite giving his life to the party. In his recently released biography, Call Lee Lam Thye: Recalling a Lifetime of Service, Lee recalled the events which saw his exit from DAP just months away from the 1990 general election. In the book, Lee said he was sidelined by the party when then DAP secretary-general Lim Kit Siang had told him that the party would not be fielding him for the Bukit Bintang parliamentary constituency, a seat which he had won with 30,145 votes in the 1986 general election. Lee also explained that his brand of moderate politics did not sit well with his DAP peers who were more aggressive and often at odds with the ruling government. “My non-belligerent approach did not go down well and there was criticism against my stance on various issues. - More -   Strong sportsmanship display in Aaron-Wooi Yik’s victory over Indonesia’s double pair Posted by: superadmin - 06-17-2022, 08:55 PM - Forum: Badminton - No Replies Strong sportsmanship display in Aaron-Wooi Yik’s victory over Indonesia’s Pramudya-Yeremia KUALA LUMPUR – It was a display of sportsmanship and perseverance at the 2022 Indonesian Open men’s doubles quarter-finals between Aaron Chia-Soh Wooi Yik and Indonesia’s Pramudya Kusumawardana-Yeremia Erich Yoche Yacob Rambitan.  The national men’s duo are through to the semi-finals tomorrow, winning 14-21, 21-12, 22-20, but the highlight was the persistent performance by Yeremia Rambitan who injured his left knee in the third set when they held the match point, 18-20.  Despite the injury, he mustered up the strength to fight on, but it was not easy as he was limping for the remainder of the match. - More -   Dow sinks 700 points, dropping back below 30,000 Posted by: superadmin - 06-17-2022, 11:19 AM - Forum: Business, Economy and Investment - No Replies Dow sinks 700 points, dropping back below 30,000 to the lowest level in more than a year The Dow Jones Industrial Average on Thursday tumbled below the key 30,000 level for the first time since January 2021 as investors worried the Federal Reserve’s aggressive approach toward curbing inflation would bring the economy into a recession. Markets had rallied on Wednesday after the Fed announced its largest rate hike since 1994, but reversed those gains and then some on Thursday. The Dow dropped 2.42%, or 741.46 points, to 29,927.07, while the S&P 500 slipped 3.25% to 3,666.77. The Nasdaq Composite slid 4.08% to 10,646.10 and touched its lowest level since September 2020. The major averages have suffered steep losses this week. The S&P 500 is down 6%, while the Nasdaq has fallen 6.1%. The blue-chip Dow is off by about 4.7% this week and on pace for its 11th losing week of the last 12. - More -   Voyager's Terrifying New Discovery SHOCKS The Entire Space Industry! Posted by: superadmin - 06-17-2022, 11:09 AM - Forum: Astronomy - No Replies Pages (1324): « Previous 1 … 810 811 812 813 814 … 1324 Next » Jump to page: