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Top 4 scoring machines power into championship games
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Every college’s student’s dream is becoming a reality today at one California college campus — a robot that delivers snacks. Students at the University of the Pacific, a private university in Stockton, can now use an app to order food and drinks to more than 50 locations throughout campus — and have the grub delivered…
Technology News & Reviews | New York Post
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The 2018 casualty list is long. Hedge funds. Trillion-dollar price tags on Apple and Amazon. Trading records everywhere. Not even Christmas was spared the wrath of cascading stocks. It feels unprecedented, Armageddon, or maybe the robot apocalypse. It isn’t.
While any 20 percent sell-off hurts, the one happening now is far from unprecedented in terms of depth or velocity. Over the past 100 years, there are almost too many examples to count of stocks tumbling with comparable force.
“It’s an inevitable process,” Marshall Front, founder of Front Barnett Advisers, who began on Wall Street in 1963. “It goes on over and over again.”
Investors have time to reflect on history, now that stocks have avoided a fourth straight down week via the biggest one-day rally since 2009. After coming within a few points of a bear market on Wednesday, the damage in the S&P 500 stands at 15 percent since Sept. 20.
“This is very normal. It unnerves people because we’re all talking about it all the time,” said Nancy Tengler, chief investment strategist at Tengler Wealth Management. “It’s in our face more. We have too much focus on the day-to-day or minute-by-minute or second-by-second movements. Historically, is this normal? Yes.”
A fair amount of complaining has gone on in recent months about the role of high-frequency traders and quantitative funds in the drubbing that reached its peak around Christmas. Perhaps. Those groups are big, and in the search for villains, they make easy targets. Treasury Secretary Steven Mnuchin is among the people who have made the connection.
One thing that makes it tough to lay blame for the meltdown on machine-based traders is the many times markets fell just as hard, long before they existed. The Crash of 1929 is one big example. However bad this market is, it’s a walk in the park compared with then.
“The largest percentage changes, except for 1987, were in the ’20s and ’30s,” said Donald Selkin, chief market strategist at Newbridge Securities Corp. “You had dramatic moves then and you didn’t have electronic trading then.”
The dot-com bubble that had been developing since the late 1990s popped in March 2000, when the S&P 500 lost 35 percent over the course of two months. It took the Nasdaq Composite Index, which peaked at 5,040.62 on March 10, about 15 years to get to its old high.
Black Monday of 1987
The S&P 500 rose 36 percent between January and August 1987 in what was set to be the best year in almost three decades. Then the October sell-off pushed the S&P into a 31 percent correction in a matter of 15 days, much of it occurring on that infamous day.
The worst year since 1937 for the S&P 500 saw the index fall 33 percent in 115 days as a weakening economy, rising unemployment and spiking inflation pushed investors to head for the exits. Stocks subsequently rebounded, surging more than 50 percent between October 1974 and July 1975.
Investors of a certain age may recall 1962, when the S&P 500 Index lost a quarter of its value between March and June 1962. The rout known as the Kennedy Slide came after the S&P 500 advanced 79 percent in the prior four years. The S&P 500 was essentially flat over the next two decades.
Not So Fat ’57
A dive in car sales and slowing housing construction pushed stocks into a 20 percent correction in a matter of 99 days in 1957. This preceded a recession that saw the U.S. gross domestic product contract 10 percent in a matter of three months in 1958.
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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News
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Almost 9,000 fax machines are currently used by the NHS in England – but that is set to change.
BBC News – Health
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Researchers describe a parser that learns through observation to more closely mimic a child’s language-acquisition process, which could greatly extend the parser’s capabilities.
Child Development News — ScienceDaily
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Job Simulator: The 2050 Archives, a game by Google's Owlchemy Labs has amassed a cult following. The prompt is simple, experience what it was like to "job" and relive the glory days of working in an office.
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SPIN CYCLE: Britain’s annual Wool Week always sets out to quash misconceptions about the fabric, and this year they didn’t disappoint, unveiling an installation of stacked, colorful washing machines in London’s Covent Garden. Dubbed The Wool Care, the installation will be on show until Oct. 21, and is meant to demonstrate the fact that wool is washable, durable — and cool.
“We always thought this was the last frontier. A lot of people think you can’t throw wool in a washing machine, but you can, and when you wash wool, you’re not creating micro-plastics. Wool biodegrades naturally in the sea,” said Peter Ackroyd, chief operating officer for Campaign for Wool.
Hackett, Vivienne Westwood, Marks & Spencer and Adidas are among some of the retailers who took part in the launch earlier this week. “Vivienne Westwood has spread the message of wool extremely well, she talks about buy well, buy less, buy wool,” Ackroyd said.
Jeremy Hackett of the men’s wear brand Hackett unveiled the installation with his dog Muffin and his Aston Martin, which has bespoke wool interiors. Among the other retailers who are preaching the gospel of wool is the outdoor apparel brand Finisterre, which is changing the perception of wool as an “old-fashioned and stuffy” material.
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