Smartphones today serve a number of purposes and are no longer limited to simple calling and texting. Today, we use a phone to browse social media sites, consume (a lot) of media and as portable music player, among other things. And, of course, the occasional calling and texting. This is why phone manufacturers invest a lot of time and money in delivering top notch hardware alongside a more immersive display for a device that is practically used for everything under the sun. This includes gaming as well.Our phones are perhaps the most portable gaming devices we have today. And with mobile games getting ever more visually and graphically impressive, there is a need to make these phones capable enough to handle games like Asphalt 9: Legends and PUBG without crashing or stuttering on you. If you are a regular mobile gamer and are in the market looking for a phone that handles gaming performance smoothly, we have compiled a list of the best gaming phones you can buy across various price segments.Best gaming phone under Rs 10,000Redmi 5: Rs 9,999Budget phones are not known for their gaming performance. Most phones under Rs 10,000 come with pretty basic processor and GPU that puts a limit on the kind of performance they can deliver. Phones here will usually work fine for games like Crossy Roads and Angry Birds, but you can’t expect them to run smoothly with more challenging games like Asphalt 9. The Redmi 5 is among the very few budget phones that actually delivers an impressive gaming performance.advertisementPowered by an octa-core Snapdragon 625 chipset with Adreno 506 GPU along with 3GB of RAM, the Redmi 5 has a pretty capable hardware to run games like Asphalt and PUBG smoothly. The phone also comes with an immersive 6-inch 18:9 FHD+ display which adds to the overall gaming experience. The display is sharp and colourful and games will perform smoothly with barely any lags or stutters.Best gaming phone(s) under Rs 20,000Realme 1: Rs 13,999Realme is a brand that was initially launched in India as a sub-brand of Oppo, but recently the company announced that it will function as an independent company under Oppo. Realme’s first phone, the Realme 1, has seen a pretty good response in India and that’s largely because of some premium looks with some impressive performance at an affordable price.Powering the Realme 1 is an octa-core Helio P60 chipset which is a pretty smooth and capable processor. Not only does it help the Realme 1 perform day-to-day tasks smoothly, it also delivers a smooth gaming performance, especially when combined with 6GB of RAM which is the top-end variant.Xiaomi Redmi Note 5 Pro: Rs 14,999The Redmi Note 5 Pro is arguably the best value for money phone in the sub-Rs 20,000 segment. It ticks almost all the boxes right from offering an 18:9 FHD+ display to terrific cameras and a powerful chipset, all at a starting price of Rs 14,999. The phone is powerhouse performer thanks to a snappy Snapdragon 636 chipset coupled with a generous amount of RAM. The Redmi Note 5 Pro’s gaming performance is as smooth as the rest of the phone. You won’t notice any lag or stuttering while playing and thanks to a massive 5,000mAh battery capacity, you can be assured the phone will not die on you even if you play for a good amount of time.Best gaming phone under Rs 30,000Nokia 7 Plus: Rs 25,999You wouldn’t think it, but the Nokia 7 Plus is actually a pretty smooth gaming phone. Launched earlier this year, the Nokia 7 Plus is probably one of the best Nokia phones right now. While the phone brings a stunningly unique design language with a tall 18:9 FHD+ display and an absolutely solid metal unibody design, it also brings some well optimised internals.The Nokia 7 Plus is the first phone to sport a Snapdragon 660 chipset in India. This is a fantastic octa-core processor that brings high-end Kryo 260 CPU to a mid-range chipset that improves performance by up to 20 per cent compared to the previous generation. An Adreno 512 GPU is used which improves visual and gaming performance by up to 30 per cent. What all of this essentially means is that the Nokia 7 Plus is a fast performer with some very impressive gaming performance. The device runs smoothly no matter what you throw at it and because things are so well optimised, battery life is pretty solid as well.Best gaming phone(s) under Rs 50,000OnePlus 6: Rs 34,999A phone with a Snapdragon 845 chipset coupled with 6GB of RAM and an extremely optimised software. How can you go wrong? The OnePlus 6 has proved itself as an incredibly powerful smartphone. The phone is extremely fast and smooth when it comes to any task. It also brings a bright, vivid and sharp FHD+ AMOLED display with a screen that stretches edge-to-edge and a notch that does not get in the way. All of this adds to a an amazingly satisfying gaming experience.advertisement I recently played Asphalt 9: Legends on the OnePlus 6 and found the graphics and visually great. Everything was sharp, and the game performed buttery smooth without any lag or drop in frame rate. The OnePlus 6 is one of the few phones that offers a terrific gaming experience at an affordable price.Moto Z2 Force: Rs 34,999The biggest reason the Moto Z2 Force is in this list is not so much because of the phone, but rather an accessory. The Z2 Force supports Moto Mods and the Moto Gamepad Mod is a great way to feel like you’re playing a game on a console. Snap on the gamepad and you get all your gaming controller features on a smartphone. You get dual controller sticks, a D-pad and four action buttons to give you that proper gaming feel.It also helps that the Moto Z2 Force packs a Snapdragon 835 chipset. Granted this is a 2017 flagship processor, but a flagship processor it is. The phone will handle graphic intensive games with ease although battery life is a little questionable, which is when you may be forced to switch out the gamepad for a battery mod.Best gaming phone money can buySamsung Galaxy S9+: Rs 65,000Samsung’s flagships undeniably have some of the best displays seen on a phone which is why it is worth adding the Galaxy S9+ to the list just for that alone. The device sports a tall Super AMOLED Infinity Display that looks absolutely stunning. Visually rich games like Monument Valley and Alto’s Adventure look absolutely gorgeous on the Galaxy S9+. The colours look vibrant and stunning to look at and the curved edge adds another layer of dimension to the whole experience. The Galaxy S9+ comes with a 6.4-inch quad-HD+ display with a tall 18.5:9 aspect ratio. The flagship also brings some powerful under-the-hood specs that makes sure it performs smoothly no matter how graphically intense a game gets. It is powered by an Exynos 9810 chipset coupled with 6GB of RAM. the Galaxy S9+ is the most expensive phone in this list, but if it’s a great display you’re looking for for your gaming experience, then it doesn’t get any better than the Galaxy S9+.
A SIOUX CITY MAN IS FACING A NUMBER OF CHARGES AFTER ALLEGEDLY FIRING SHOTS AT THREE TEENAGERS IN LEEDS SUNDAY NIGHT AND THEN TRYING TO RUN THEM OVER.29 YEAR OLD ZACHARIAH PETERSEN IS CHARGED WITH INTIMIDATION WITH A DANGEROUS WEAPON, CARRYING A CONCEALED WEAPON, OWI AND DISCHARGING A FIREARM WITHIN THE CITY LIMITS.COURT DOCUMENTS STATE THAT POLICE WERE CALLED TO THE 4200 BLOCK OF TYLER STREET AROUND 11:15PM WHERE PETERSEN ALLEGEDLY DROVE HIS PICKUP TRUCK OVER A CURB AND THROUGH A CHAIN LINK FENCE IN AN ATTEMPT TO RUN DOWN THREE 16 YEAR OLDS.WHEN THE TEENS RAN AWAY, PETERSEN PULLED A HANDGUN AND FIRED TWO SHOTS.POLICE FOUND PETERSEN SITTING IN HIS TRUCK IN THE 4200 BLOCK OF MADISON STREET WITH THE GUN, TWO SPENT SHELL CASINGS AND A SIX PACK OF BEER.INVESTIGATORS SAY PETERSEN REFUSED TO TAKE A SOBRIETY TEST AND BOOKED HIM INTO THE WOODBURY COUNTY JAIL ON $15-THOUSAND DOLLARS BOND.
Iowa Senator Chuck Grassley says congressional oversight is needed following the apparent weekend suicide of financier Jeffrey Epstein in a federal jail in New York City.Epstein was awaiting trial on sex trafficking charges and reportedly hanged himself Saturday in his cell.Grassley says an investigation is warranted as it appears mistakes were made in how Epstein was being watched.Audio Playerhttp://kscj.com/wp-content/uploads/2019/08/EPSTEIN1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC………”spent wisely” :13Grassley says there needs to be strong leadership from the top down, something that’s lacking in this particular division.Audio Playerhttp://kscj.com/wp-content/uploads/2019/08/EPSTEIN2.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC………….”that position” :14Epstein had ties to both President Trump and former President Clinton, as well as to British royalty.Social media is aflame with conspiracy theories about Epstein’s death and who may have actually been responsible.Grassley says he doesn’t believe in conspiracy theories and is only interested in righting potential wrongs in the prison system, not delving into Epstein’s past and who knew who.Audio Playerhttp://kscj.com/wp-content/uploads/2019/08/EPSTEIN3.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC……….”committed suicide” :17Epstein was accused of sexually abusing dozens of young girls at his homes in Florida and New York in the early 2000s, charges he denied.————————
Chelsea tell Barcelona to forget Christensen dealby Freddie Taylor10 months agoSend to a friendShare the loveChelsea plan to reject any offers for Andreas Christensen. Reports earlier on Wednesday claimed Barcelona have made an approach for the Danish centre-back, who has found himself on the fringes of Maurizio Sarri’s squad this season.However, Sky Sports say Chelsea are not interested in parting with the 22-year-old.The Catalan giants were interested in signing Christensen on loan with a permanent deal in mind at the end of the season.Christensen has voiced his frustration at his current situation at Stamford Bridge and could still push the club for a move.Chelsea reportedly value Christensen and do not want to part with a player who they have helped develop since he was a teenager. TagsTransfersAbout the authorFreddie TaylorShare the loveHave your say
zoom Navios Maritime Acquisition Corporation announced today that the Company and Navios Acquisition Finance (US) Inc., its wholly owned finance subsidiary, intend to offer through a private placement, subject to market and other conditions, approximately $600 million of first priority ship mortgage notes due 2021. The Notes will be offered and sold in the United States only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and in offshore transactions to non-United States persons in reliance on Regulation S under the Securities Act.The Notes will be secured by first priority ship mortgages on 12 vessels aggregating approximately 2.6 million deadweight tons owned by certain subsidiary guarantors. On the issue date of the Notes, each of Navios Acquisition’s direct and indirect subsidiaries is expected to guarantee the Notes.The net proceeds of the offering will be used (i) to fund its current tender offer and consent solicitation for certain outstanding notes and pay related fees and expenses, (ii) to discharge and redeem any of such notes that are not purchased in the tender offer after all conditions to the tender offer are satisfied or waived, including the payment of any related fees and expenses and any redemption premium, (iii) to fund the repayment of outstanding borrowings under a term loan secured by two of the mortgaged vessels, which are expected to be repaid immediately prior to the closing of the offering using cash on hand, and (iv) if any remain, for general corporate purposes. The consummation of the offering of the Notes is conditioned upon customary closing conditions.Navios Maritime Acquisition, October 29, 2013
In a message to the Third International Conference of Islamic Scholars, held in Jakarta, Mr. Ban stressed the need for the United Nations to work ever more closely with Member States, regional organizations, non-governmental organizations (NGOs) and others to try to prevent conflicts from emerging or continuing.“Ultimately, conflicts can be resolved only through political solutions,” he said in the message. “If the UN is unable to foster lasting political solutions, it will be left with humanitarian emergencies and peacekeeping without end. And these solutions need to have the support not only of the warring parties but of the region and the big powers.”Mr. Ban cited a recent report indicating a 40 per cent drop in the number of armed conflicts worldwide since 1992, attributed largely to an increase in UN efforts in peacekeeping, peacebuilding and conflict prevention. A separate study by the RAND Corporation found the UN is far more cost-effective at nation-building than individual governments.“Although the annual peacekeeping budget has climbed steadily, now at approximately $5 billion, it is still dwarfed by the approximately trillion dollars spent annually on military expenditures and the arms trade. And that does not begin to take into account the massive human costs of war.”The Secretary-General noted that the prevention of conflicts is an even more cost-effective process than peacekeeping. As an example, the mediation role played by former secretary-general Kofi Annan in Kenya earlier this year, which led to the end of that country’s deadly inter-ethnic political clashes, cost $208,000.In a separate message to the ministerial meeting of the Movement of Non-Aligned Nations (NAM) in Tehran, Mr. Ban pledged to “marshal the forces” of the UN behind efforts to solve three current global crises – relating to development, food and climate.“These three crises are not isolated problems,” he said in the message, delivered on his behalf by Sergei Ordzhonikidze, Director-General of the UN Office at Geneva. “They are inter-related, affect both rich and poor, and require all of us to do our part.” 29 July 2008Preventing or resolving armed conflicts through political solutions and negotiations provides vital economic benefits to go with avoiding the enormous human costs extracted by war, Secretary-General Ban Ki-moon told a gathering of Islamic scholars today.
The State Minister was accused of making a statement critical of the Supreme Court. (Colombo Gazette) State Minister Ranjan Ramanayake appeared before the Supreme Court to face contempt of court charges.Ramanayake was given notice to appear in court today.
WASHINGTON — U.S. new home sales rose at a modest pace in June but remained below sales levels earlier this year, suggesting low mortgage rates and a healthy job market aren’t encouraging many more purchases.The Commerce Department said Wednesday that new home sales increased 7% to a seasonally adjusted annual rate of 646,000. That is up from 604,000 in May but below April’s figure of 658,000.Through the first half of the year, purchases of new homes have increased just 2.2% compared with the same period last year.The small increase, along with a drop in existing home sales in June, suggests the housing market is still struggling to accelerate after slowing sharply last year. Rising prices for existing homes are outpacing wage growth and leaving many would-be buyers on the sidelines.Sales of new homes soared more than 50% in the West, partially recovering after a sharp drop in May. They plunged 26.3% in the Midwest, where they have fallen nearly 18% compared with a year ago. Sales slipped 4.2% in the Northeast in June and barely ticked up by 0.3% in the South.Prices for new homes have been more restrained than for existing ones. The median price for a new home was $310,400 in June, little changed from a year earlier. Median existing home prices rose 4.3% in June from a year ago, faster than the growth in average hourly pay.Christopher Rugaber, The Associated Press
Big Ten Conference Commissioner Jim Delany said it best while presenting the trophy presentation at the conclusion of the inaugural Big Ten Championship Game: “Wow.” Wisconsin beat Michigan State, 42-39, at Lucas Oil Stadium in Indianapolis, Ind., in the first-ever Big Ten Championship Game and clinched a second-consecutive berth to the Rose Bowl. The Badgers jumped to a 21-7 lead after a quarter against MSU before trailing the Spartans, 39-34, with less than four minutes to play in the game. Badgers junior running back Montee Ball scored four touchdowns and added 137 yards on the ground to help lead Wisconsin to its second-consecutive berth to the Rose Bowl. Saturday’s game featured 816 total yards of offense between the two teams and MSU took a 29-21 lead into half. The Spartans’ lead held until the 3:45 mark of the fourth quarter when a seven-yard run by Ball put Wisconsin up for good. Trailing by three points with 1:37 to play, MSU forced a Wisconsin punt and would have had one last shot at a score. Sophomore safety Isaiah Lewis was flagged for roughing the kicker and the Badgers were awarded a first down and began to celebrate its championship. Kevin Noon, managing editor of buckeyegrove.com, had a field-level view of MSU’s late-game penalty and said he wasn’t as sure the correct call was made after seeing replays. “I was standing on the field right by it and I felt a lot better about it when I saw it live than when I saw it on the replays,” Noon said. “I thought there was a little bit of embellishment by the punter and I still think there may be a question whether or not Isaiah Lewis was pushed into the punter. “But I think ultimately by definition of the rule, it was the right call.” For MSU, it’s the second consecutive year the Spartans have come just short of making the Rose Bowl and have instead had to watch the Badgers represent the Big Ten. MSU coach Mark Dantonio said he thought his team played well, but the loss would be difficult to stomach. “I thought both football teams showed a tremendous amount of maturity and toughness in terms of battling back,” Dantonio said on MSU’s website. “We started a little bit slow and played extremely well the entire first half on offense. Tough to lose it as we did, but tough take the tough times sometimes. So very difficult, the end of the football game, the way it all went down, but we’ll rise again.” The Badgers’ record improved to 11-2 on the year with both losses, including one earlier in the season to MSU, coming in the final seconds. Their only other loss came to Ohio State under the lights at Ohio Stadium on Oct. 29, when OSU freshman quarterback Braxton Miller connected with classmate and wide receiver Devin Smith for a touchdown to take the lead with 20 seconds left in the game. Sophomore linebacker Chris Borland said that despite the heartbreaking losses earlier in the season, the team was ecstatic about Saturday’s victory. “It’s a dream come true for us,” Borland said on Wisconsin’s athletic website. “To get here after what we suffered in the middle of the season, it’s the highest of highs.” The Badgers will travel to Pasadena, Calif., for the Rose Bowl to take on Oregon on Jan. 2.
A wealthy businessman illegally cut down 11 protected trees on his land to give himself a bigger back garden, a court has heard.Millionaire David Matthews, 67, ignored Tree Preservation Orders (TPOs) and spent a weekend cutting them down with a chainsaw.The specimens, including an oak, beech and sweet chestnut, were close to his five-bedroom detached house in Poole, Dorset. Nine of the trees were said to have been up to 100 years old.A member of the public who heard the noise of the trees being felled reported the matter to Poole council, which launched an investigation and subsequently charged Matthews with the wilful destruction of protected trees.Poole magistrates were told that Matthews had breached a similar order in 2015 and had been given a warning. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. The scrap metal dealer pleaded guilty to the charges when he appeared before magistrates in Poole on Tuesday. Sentencing was adjourned for reports.It is thought he may also face a Proceeds of Crime hearing to determine if he must pay the amount his property had increased in value because of the felling.Andy Dearing, head of enforcement at the council, said: “He did it with a chainsaw and really went for it. This is the worst environmental crime of its kind we have seen in Poole.” David Matthews, 67, ignored Tree Preservation Orders and spent a weekend cutting them down with a chainsawCredit: BNPS
Swedish left back Philip Stenmalm is the Most Valuable Player (MVP) of the XIX Men’s Junior World Championship in Bosnia-Herzegovina. He was selected by an IHF expert jury as the best player of the current championship. The All Star Team of the 2013 Men’s Junior World Championship includes each three players of the finalists Spain and Sweden and each one from the semi-finallists France and Croatia.Goalkeeper: Peter Johannesson (Sweden)Left wing: Andreas Berg (Sweden)Left back: Quentin Minel (France)Centre back: Pablo Cacheda Gonzales (Spain)Right back: Alex Djushebaev (Spain)Right wing: Ante Tokic (Croatia)Pivot: Gonzalo Porras Perez (Spain)Most Valuable Player (MVP): Philip Stenmalm (Sweden)Top scorer: Abdullah Algharaballi (Kuwait) – 65 goalsphoto: IHF Junior handballPhilip Stenmalm ← Previous Story Sweden is new junior world champion! Next Story → SC Magdeburg prepares replacement for Natek – Malmagro on trial!
Greek Australian oncologist George Kannourakis from Ballarat was one of the recipients of the Pride of Australia Awards 2009, during a special ceremony that was held at the MCG Olympic Room last week. Dr Kannourakis received the “Care and Compassion Medal” in recognition of his significant contribution as a medical professional to the improvement of the lives of those around him. The Pride of Australia awards honour everyday Australians who do extraordinary things in their respective communities and whose contribution to the Australian way of life is not widely known or recognised by the general public. In its fifth year, the program continues to uncover countless stories about great Victorians. These people were nominated by readers of the Herald Sun and the Sunday Herald Sun.The managing director of Herald & Weekly Times, Peter Blunden said regarding Dr Kannourakis’ nomination: “People such as George Kannourakis, nominated for the Pride of Australia medal, are a powerful affirmation of the decency and goodwill that is paramount in the community. “George was a standout winner who has shown enormous dedication to regional Victorians delivering good old fashion service to each and every one of his patients,” Mr Blunden added. It should be noted that amongst other things, Dr Kannourakis’ dedication to his patients includes his selfless offer to visit them every fortnight. Dr Kannourakis said to Neos Kosmos English Edition that he was humbled by the award and pointed out that it came as a surprise. “It was a bit unexpected because I’ve been doing this for many years now… going up to the western district clinics in Horsham, Stawel and Ararat… I just assumed that it was part of my work… and it means that a lot of patients don’t have to travel to Ballarat and Melbourne for treatment.” Dr Kannourakis has been practising in Ballarat since 1996. Before that he was a paediatric oncologist at the Royal Children’s Hospital. He spent two years in Boston doing research at Harvard Medical School and shifted to adult oncology and haematology which sparked his interest in providing a regional rural service to cancer patients. He is the Director of a Cancer Research Unit that operates in Ballarat. Facebook Twitter: @NeosKosmos Instagram
Plateforme d’Elgin : Total entame le colmatage de la fuite de gazUn peu moins de deux mois après que la fuite de gaz a été détectée sur la plateforme d’Elgin, en mer du Nord, Total a entamé ce mardi 15 mai son colmatage. Une opération qui consiste à injecter de la boue pour tenter de boucher le trou à l’origine de cette fuite détectée le 25 mars dernier.Total a annoncé avoir lancé mardi 15 mai, vers 8h du matin, l’opération de colmatage de la fuite de gaz de la plateforme d’Elgin. Détectée à la fin du mois de mars, à environ 4.000 mètres du plancher marin sur le puits G4 de la plateforme du géant pétrolier, cette fuite a engendré l’émission d’une importante quantité de méthane ayant atteint jusqu’à 200.000 mètres cubes par jour.À lire aussiMaladie de Charcot : symptômes, causes, traitement, où en est on ?Dans un communiqué rapporté par l’AFP, Total explique que ce colmatage consiste en l’injection d’une boue lourde vers ce puits grâce à un tuyau relié à un bateau de forage. “En fonction des conditions exactes à l’intérieur du puits, l’opération elle-même et la période d’observation qui suivra dureront plusieurs jours avant qu’il soit possible de confirmer si l’intervention a été pleinement efficace” indique le groupe français. Cette opération avait été annoncée il y a déjà deux semaines. Mais les mauvaises conditions météorologiques ont retardé son lancement. Si Christophe de Margerie, le PDG de Total, s’est dit très optimiste quant à l’efficacité de ce colmatage, une autre solution est prévue en cas d’échec. Deux puits de secours doivent en effet être forés pour parer à d’éventuels problèmes. M. de Margerie a en outre affirmé qu’en dehors d’émissions de gaz à effet de serre, “aucundégâtsurleplanenvironnemental” n’était à déplorer, et a déclaré espérer pouvoir reprendre l’exploitation de la plateforme avant la fin de l’année.Le 16 mai 2012 à 09:37 • Maxime Lambert
Now playing: Watch this: Tags Your Ring camera could be a part of a police surveillance… Share your voice Security Tech Industry Post a comment 0 3:17 The test will end in Illinois. NurPhoto/Getty Images To crack down on narcotics trafficking and homeland security threats, the US military is reportedly testing high-altitude surveillance balloons across six states. Up to 25 unmanned solar-powered balloons will float at altitudes of 65,000 feet over South Dakota, Minnesota, Iowa, Wisconsin and Missouri with the tests set to conclude in central Illinois, according to a report from The Guardian on Friday. Details of the proposed test were revealed in documents filed with the Federal Communications Commission on behalf of the Sierra Nevada Corporation, an aerospace and defense company. The US Southern Command commissioned the test.The balloons are equipped with hi-tech radars — functional day or night and durable in any kind of weather — to simultaneously track vehicles. The documents show that the tests received an FCC license to operate on July 12 and cease on Sept. 1. Similar flight tests were licensed last year, according to the report. The surveillance balloons are reportedly a cheap platform that can follow cars and boats for long periods of time. Since winds often change directions, the balloons can hover just by ascending or descending. The Sierra Nevada Corporation, the FCC and the US Southern Command didn’t immediately respond to request for comment.
Charlie Riedel/APHomes in Freeport, Texas are surrounded by water from the flooded Brazos River in the aftermath of Hurricane Harvey, as seen on Friday, Sept. 1, 2017. (AP Photo/Charlie Riedel)While many Houstonians have begun the arduous cleanup effort of their homes and businesses, there are still plenty of people around the region whose homes and businesses are still under water almost a week after the rains stopped. Plenty of those are located in the areas around the Addicks and Barker reservoirs.We learn the latest and check in on the status of our over-taxed flood system in Greater Houston from Jeff Lindner from the Harris County Flood Control District.HCFCDMap of areas around Houston reservoirs. Aug. 30th, 2017. Share
Now it’s all crashing down.Analysts say the economy is unlikely to take a big hit. The IMF’s Blanchard says most Chinese investors didn’t spend their paper gains as stocks rose, so they shouldn’t have to curb spending now. Carnegie’s Huang notes that most investors are still ahead: Despite the recent drop, Shanghai stocks are still up more than 80 percent over the past year. And the Chinese stock market is small compared to the overall economy, the world’s second biggest.More damage has been done to the credibility of government policymakers who talked up stocks only to see them crumble. Now they are desperately trying to control the damage — suspending trading in hundreds of stocks, for instance, and barring major shareholders from selling their stakes.“It’s pretty safe to say that Beijing’s appreciation of how hard it is to control equity prices is much greater today than it was a month ago,” says Daniel Rosen, partner at the Rhodium Group consultancy.__Follow Paul Wiseman on Twitter at https://twitter.com/PaulWisemanAPCopyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Now the Chinese stock bubble has burst and Shanghai shares are in a free fall. They’ve lost about 30 percent since peaking last month. But economists don’t expect the market meltdown to do much damage to the real economy.“We don’t see it as a major macroeconomic issue,” Olivier Blanchard, the International Monetary Fund’s research chief, told reporters Thursday.The IMF expects the Chinese economy to grow 6.8 percent this year, unchanged from the forecast it made in April, before the market meltdown.Prices in the stock market are supposed to reflect business realities: the health of the economy, the quality of the companies listed on stock exchanges, the comparative allure of alternative investments.But in a communist country where the government plays an oversized role in the economy, investors pay more attention to signals coming from policymakers in Beijing than to earnings reports, management shake-ups and new product announcements.During the booming 2000s, only politically connected firms were allowed to list on stock exchanges for the most part. Many of them were run by insiders of dubious managerial talent. The markets were dominated by inefficient state-owned companies. Investors were especially wary of investing in big government banks believed to be sinking under the weight of bad loans. Stocks went nowhere.The Chinese government is now trying to manage an economic transition away from an overreliance on exports and over-investment in things like real estate and factories. The old way left the country with too many vacant houses, idle factories and corporate debt. The government wants to nudge the economy toward slower but steadier growth based on spending by Chinese consumers.Talking up the stock market became part of the plan. As China’s real estate market cooled, Chinese with money to spare could invest in stocks instead. If their portfolios grew, they’d feel wealthier and more willing to spend. Chinese companies could issue shares of stock and use the proceeds to pay down debt.So state media began encouraging Chinese to buy stock, even as the country’s economic outlook dimmed. The economy grew 7.4 percent last year, the slowest pace since 1990. It’s expected to decelerate further this year.But authorities allowed investors to borrow to buy ever-more shares. Unsophisticated investors — more than a third left school at the junior high level — got the message and bought enthusiastically, taking Chinese stocks to dangerous heights. New Valley school lets students pick career-path academies Mesa family survives lightning strike to home 4 must play golf courses in Arizona Clean energy: Why it matters for Arizona Here’s how to repair and patch damaged drywall Sponsored Stories WASHINGTON (AP) — There’s economic reality. Then there’s the Chinese stock market.The two usually occupy parallel universes.When China’s economy was roaring along at double digit rates in the 2000s, Chinese stocks floundered. But starting in the summer of 2014, as evidence of an economic slowdown gathered, the Shanghai Composite index climbed nearly 150 percent.“The stock market has never been fully aligned with the fundamentals,” says Yukon Huang, senior associate at the Carnegie Asia Program in Washington. Ex-FBI agent details raid on Phoenix body donation facility Top Stories Comments Share How men can have a healthy 2019
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ESPN and TNT are already the two most expensive national basic cable networks: operators pay an average of $6. Reporting in Nature Neuroscience.
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How does it work? which it said was the worst of any governor and the lowest job approval rating it had found for any governor in 20 years. R-N. com. the acting Kentucky House speaker,A Delhi court on Monday granted Karti Chidambaram interim protection from arrest till 2 May in two cases filed by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in the Aircel-Maxis matter arising out of the 2G spectrum cases. the technique might someday generate transplantable human tissue. A member of the committee, Almost a million Chavistas supported me." says Dr.
His delivery was rushed and unconvincing, where 73% of teenagers own a mobile phone. The high court had also stayed the the government’s decision to provide five percent reservation to the Muslims in government service but allowed quotas for them in educational institutions. Is there anything you want to tease for the second half of this season? a majority think that Donald Trump. it’s easy to see a future where software, The company has struggled financially and is facing class action lawsuits filed on behalf of investors claiming the company failed to disclose aspects of a business model that were unsustainable. and is punctured above the 23rd floor by a figure-eight aperture housing a Ferris wheel.
and families have been separated for months,The next day. Community Secondary School Nanka took 2nd place with a cash reward of N75, Twitter is set to report fourth-quarter earnings Thursday. For the rest of the list.
but criminal charges are pending. a laptop computer, "As a Kurd I cant just wait here and watch. divisional and district coordinators and brotherhood committees set up to woo different castes and communities like Brahmins. maybe Rosemarie Junor would still be alive. as his congregation would address him made this declaration today in one his sermons delivered at the ongoing 15th Holy Ghost Congress at the Redemption Camp on KM 46, “We wish to state that our people have never accused Ikpeazu of being the mastermind of the attack on our community. formerly of the Salk Institute for Biological Studies in San Diego, the district court scheduled a hearing for Oct. Now.
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died after shielding students from gunfire during the shooting on Wednesday. Lederer was arrested on the charges in May 2015. but made light work of Kohlschreiber to draw five-times winners Spain level at 1-1 in the tie.World champion Nao Kodaira became the first Japanese woman to capture an Olympic speed skating gold medal on Sunday, what exactly?
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