Economy
Power restored after NYC transformer fire causes blackout in part of Manhattan, officials say (Sparky1)
Just before midnight, Con Edison CEO John McAvoy said in a news conference that all 73,000 customers affected by the outage in Midtown Manhattan and the Upper West Side had power restored. At its peak, the outage affected an area from 71st Street south to 42nd Street and east from the West Side Highway to Fifth Avenue.
IMF releases $5.4 bn loan tranche to Argentina (Sparky1)
President Mauricio Macri has faced increasing pressure over the misfiring economy with presidential elections set for October.
He was forced to impose austerity measures as authorities struggled to stabilize the currency and rein in inflation to ensure access to IMF funding.
Artificial Intelligence Deals Tracker: ~7K Deals Across 20 Industries In One Heatmap (newsbuoy)
The majority of these companies — like unicorns UiPath, Automation Anywhere, and Face++ — sell AI software-as-a-service. Others use AI to develop their core products, including Indigo Agriculture, which leverages machine learning to develop microbial seed treatments. Some other startups — such as Graphcore, Habana, and Cerebras — focus on hardware to support AI workloads.
UK says sending second warship to Gulf (Sparky1)
A source with knowledge of the matter said Duncan’s deployment was being moved forward by a number of days and that the two ships will be stationed in the Gulf together during a temporary transition period.
The incident near the Strait of Hormuz occurred a week after UK Royal Marines helped the Gibraltar authorities detain an Iranian tanker that US officials believe was trying to deliver oil to Syria in violation of separate sets of EU and US sanctions.
France’s Macron announces creation of a new space force command (Sparky1)
“The new spatial and military doctrine that has been proposed to me by the (defence) ministry, which I have approved, will allow us to ensure our defence of space…,” added.
“We will reinforce our knowledge of the situation in space, we will better protect our satellites, including in an active manner,” he said.
A small glass of juice or soda a day is linked to increased risk of cancer, study finds (Adam)
“The results indicate statistically significant correlations between the consumption of sugar-sweetened drinks and risk of all cancers combined, and of breast cancer,” said Ian Johnson, nutrition researcher and emeritus fellow, Quadram Institute Bioscience, who wasn’t involved in the research.
French inventor soars above Champs-Élysées on flyboard at Paris parade (Adam)
Zapata, who first developed his device flying above water, says that the flyboard has the power to take off and reach speeds up to 190 kilometres an hour (118 mph) and run for 10 minutes.
He is now eyeing a crossing of the English Channel which, for the first time, will require a refuelling in mid-flight.
Armed 69-year-old ‘antifascist’ shot dead after firebombing immigration centre (Thomas R.)
He was described locally as a committed anarchist and antifascist. One friend of twenty years, Deb Bartley, told The Seattle Times she and others had received letters from him which read “just saying goodbye” along with what she described as a manifesto.
Can Alzheimer’s be stopped? Five lifestyle behaviors are key, new research suggests (Thomas R.)
“This reinforces the notion that some of these lifestyle factors may actually affect the trajectory of cognitive aging and the development of dementia,” said Dr. Ronald Petersen, director of the Mayo Clinic Alzheimer’s Disease Research Center. “We certainly accept that with heart disease. We need to adopt a similar mindset for cognitive aging.”
They’re Running Toward the Fire (Aaron M.)
The key is that overvaluation is not enough. Extreme overvaluation can persist for long periods of time if investors have a speculative bit in their teeth. In prior market cycles across history, an effective approach would have been to tolerate overvaluation until either a) uniformly favorable market internals gave way to dispersion and divergence, indicating that investors had shifted from a speculative mindset to a risk-averse one, or b) extreme “overvalued, overbought, overbullish” features indicated that speculation had reached a precarious limit. Once divergent internals or overextended syndromes emerged, overvaluation typically permitted steep and often immediate market losses.
Climate change has likely already affected global food production (newsbuoy)
Crop yields are projected to decrease under future climate conditions, and recent research suggests that yields have already been impacted. However, current impacts on a diversity of crops subnationally and implications for food security remains unclear. Here, we constructed linear regression relationships using weather and reported crop data to assess the potential impact of observed climate change on the yields of the top ten global crops–barley, cassava, maize, oil palm, rapeseed, rice, sorghum, soybean, sugarcane and wheat at ~20,000 political units.
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The post Daily Digest 7/15 – Transformer Fire Causes Blackout In Midtown Manhattan, Climate Change Has ‘Already Affected’ Global Food Production appeared first on Peak Prosperity.
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