Powered By Blogger

Wednesday, January 6, 2016

IMF urges Nigeria to diversify its revenue

As Africa’s biggest economy, Nigeria is battling its way out of an economic crisis fuelled by fall in oil prices.
The International Monetary Fund (IMF) chief, Christine Lagarde has called on Nigeria to diversify its revenue.
Lagarde made this call at the presidential villa in Abuja, moments after holding talks with President Muhammadu Buhari during her four-day visit to the West African country to discuss plans on sustaining its economy.
The IMF boss also discussed the challenges faced by Africa’s biggest oil producer with Finance Minister Kemi Adeosun since arriving in Nigeria on Monday.
Lagarde said she was not in Nigeria to negotiate a loan given the determination and resilience displayed by the president and his team. She supported Buhari’s fight against corruption terming it “very important” and adding that the president’s reform could have a positive impact in the region.
“What I certainly mentioned to mister president this morning was that his fight and his determination to fight corruption and his determination to bring about transparency and accountability at all levels of the economy were very important agenda items and very ambitious goals that need to be delivered upon which he himself is definitely committed to as he indicated this morning,” Lagarde said.
It would be recalled that Buhari has backed measures imposed by the central bank to restrict access to foreign exchange which has been unpopular with investors. The president has also campaigned against over dependence on crude oil exports which accounts mostly for the country’s revenue.
Buhari resumed office in May 2015 as Nigeria’s president with a promise to clamp down on corruption that has left many Nigerians in poverty despite its rich natural resources and enormous wealth.
Buhari recently announced a record budget for 2016, forecasting a doubling of the deficit to 2.2 trillion naira (11 billion U.S. dollars) and a tripling of capital expenditure intended to help the country adjust to the slide in oil price.

Nigeria's Bello Haliru Mohammed 'stole money from Boko Haram fight'

He is accused along with his son, Bello Abba Mohammed, of diverting $1.5m (£1m) that was meant to buy arms for soldiers fighting Islamist Boko Haram militants.
The two men have pleaded not guilty.
President Muhammadu Buhari, who took office in May, set up an investigation into the procurement of weapons for the military, which found that phantom contracts worth $2bn had been awarded.
Last month, former national security adviser Sambu Dasuki was arrested and charged with 19 counts of fraud, money laundering and criminal breach of trust in connection to the case.
Mr Dasuki, who oversaw the fight against Boko Haram while Goodluck Jonathan was president, denied the charges.
Bello Haliru Mohammed served as Mr Jonathan's defence minister from 2011 to 2012 and still holds a senior position in the opposition People's Democratic Party (PDP).
He appeared at the Abuja High Court on Tuesday in a wheelchair and was transferred to a hospital when the case was adjourned, the Economic and Financial Crimes Commission (EFCC) said.
His son was remanded in prison until a bail hearing on Thursday.
Boko Haram has killed thousands in north-eastern Nigeria in its six-year campaign to create an Islamic state.
Soldiers had complained that despite the military's huge budget, they were ill-equipped to fight.

Battling Boko Haram

The soldiers have reported that they are better equipped since President Buhari came into office, but the previous president's supporters say this is because those weapons were ordered while Mr Jonathan was in power, says the BBC's Abuja editor BBC's Bashir Sa'ad Abdullahi.
Mr Buhari won elections last year with a promise to defeat Boko Haram, and gave the military a deadline of the end of 2015 to end the insurgency.
He told the BBC last month that the war against the militants had been "technically won", but though they have been driven from most of the areas they once controlled, they continue to carry out suicide bombings.

CES 2016: Volkswagen, General Motors to showcase hybrid models

Volkswagen AG and General Motors are expected to disclose new details of their electric vehicle strategies at the Consumer Electronics Show in Las Vegas this week, highlighting efforts to stoke consumer enthusiasm for battery-powered cars to match growing regulatory demands to build them.
Herbert Diess, head of the Volkswagen brand, is expected to reveal at CES on Tuesday a prototype electric vehicle offering "affordable long-distance electric mobility," the company said. VW watchers expect it will be a variant of a microbus -- linking the German automaker's plans to launch 20 battery-powered or plug-in hybrid vehicles by 2020 to a beloved model from the past.

VW's redoubled bet on electrification is part of an effort to repair damage done by revelations that it sold millions of diesel vehicles worldwide that used software to cheat emissions tests and run dirty on the road.

GM chief executive Mary Barra, scheduled to give a CES address on Wednesday afternoon, is expected to promote GM's vehicle electrification efforts. Barra is expected to show a production version of the Chevrolet Bolt electric car, which GM has said will offer a 200-mile (320-km)range and sell alongside a new Chevrolet Volt plug-in hybrid starting next year.


However, beyond technology enthusiasts represented by CES attendees, demand for hybrid and electric vehicles is slumping thanks to cheap gasoline.


US sales of hybrid and all plug-in electric vehicles through the first 11 months of 2015 totaled 452,338, down 16% from the same period in 2014, according to data reported by the Electric Drive Transportation Association, a trade group. Plug-in vehicles accounted for less than 1% of the market during the first 11 months of 2015.


Still, regulators around the world are pushing manufacturers to sell more electric cars to curb greenhouse emissions. California and several other US states want automakers to hit certain electric vehicle sales quotas or risk restrictions on more profitable trucks and sport utility vehicles. Cities in Europe and Asia are considering limiting petroleum-powered vehicle access.


China's interest in electric cars is encouraging Chinese investor groups to back challengers to global automakers and Silicon Valley's Tesla Motors Inc. One of them, Faraday Future, said it will reveal its electric luxury car at CES on Monday evening. Faraday says it has plans to invest $1 billion in a factory near Las Vegas.

Twitter’s reported plans to remove Twitter’s defining feature are terrible

Some dude named Shakespeare once wrote: brevity is the soul of tweet. Smart fellow. The 140-character limit is not merely some incidental feature of Twitter; it's the very essence of the service. The mandate to be concise means that Twitter distinguishes itself from abundant conventional blogging platforms. Tweets can be observations, jokes, questions, or carefully distilled ideas, but they cannot be lengthy treatises or complex arguments.
This essential feature is under threat. Re/code is reporting that Twitter is considering removing the 140-character limit and replacing it with a 10,000-character cap. This isn't the first time we've heard such reports; Re/code wrote the same thing in September.
The report suggests that long tweets will be hidden behind some kind of user interaction to expand them, meaning that Twitter timelines will continue to pack in multiple tweets, and we won't be forced to scroll past long essays on the service. This means that the Twitter experience with longer tweets will be similar to the current one.
But it won't be identical. The nature of what people write will change. Freed from the editorial constraint that the 140-character limit imposes, Twitter risks losing both the quickfire off-the-cuff gems, the ones banged out almost stream-of-consciousness style during the latest presidential debate or award ceremony, and the carefully considered, elaborately crafted tweets that use every one of the 140 characters for meaning and purpose. Twitter wants to change the very thing that makes Twitter great, because Twitter is trying to figure out how to make money with the beloved service. Removing the character limit, however, is a terrible idea
It also seems thoroughly redundant. For those who really want to write more than 140 characters, there's Twitlonger. If you want Twitlonger with fonts, there's Medium. Of course, these are both third-party services, and as such there's a conceptual barrier between them and Twitter. If you truly want or need more than 140 characters, you have to make a very deliberate decision to use a greater-than-140-character service. This barrier forces a reassessment: do you really need more than 140 characters to express yourself, or are you simply being lazy? As dead French gambler Blaise Pascal wrote, "Je n'ai fait cette tweet plus longue que parce que je n'ai pas eu le loisir de la faire plus courte.": I made this tweet long because I lacked the leisure to make it shorter.
Twitter is considering such a destructive move not because of the demands of hardcore tweeters—better clients and some kind of limited editability would surely be higher up the wish lists of Twitter's heaviest users—but because of its desire to make Twitter better for all the people who don't use Twitter. The company, or at least the wolves on Wall Street, want Twitter to have more users. They're unhappy that Twitter isn't Facebook.
The issue of course is that Twitter isn't meant to be Facebook. Active tweeting requires a certain combination of narcissism and self-importance, the belief that utterances issued into the void are somehow interesting and worth reading. This is not something that will appeal to everyone—every time we write about Twitter some number of commenters proudly boasts to us that they don't get Twitter in particular or social media in general—but among Twitter's loudmouthed users, it's deeply compelling. Twitter gives us the same opportunity as the megaphone and soap box so beloved of the street preacher, without attracting the same moralizing disapproval. Shouting at everybody and nobody from a street corner means that you have a screw loose; doing the same on Twitter simply means that you're living in the twenty-first century. It's a socially acceptable outlet for the same instinct.
A move to long tweets also betrays certain classes of Twitter user. That 140-character limit comes from Twitter's use of SMS messaging: SMS messages are 160 characters long, with Twitter reserving 20 characters for commands and 140 for the messages themselves. To this day, you can use Twitter with little more than a dumbphone and text messages to the company's shortcode. While this archaic system has some annoying features today—for example, you can't start a tweet with a letter 'd' followed by a space, because it tries to send a direct message—it provides a robust fallback at times of duress and civil unrest, when Internet connectivity can be unreliable or non-existent.
This isn't to say that this is Twitter's biggest use case, but direct from-the-scene reporting of civil wars, natural disasters, and other catastrophes has proven to be one of Twitter's most valuable strengths; cutting off or limiting such usage does not feel like a positive step for the platform.
The company's other motivation is to keep the people who do use Twitter in Twitter, and especially inside the Twitter app. This makes it much more likely that they will see an advertisement or interact with a promoted tweet. With longer tweets, news publications will—if they're crazy—be able to put entire articles directly into Twitter. Their readers will never even need to leave the site. This is again an attempt to make Twitter into Facebook, because Facebook is already doing the same.
Again, though, it does little to serve Twitter users. Twitter users seem happy to use Twitter as a springboard to content from all around the Web. Being trapped within Twitter does them no favors. It is a change that only makes sense to Twitter's shareholders and board.
Twitter, with its steady feed of new interesting things, its unique platform for speaking out, and its interactivity, is already a fine service, one that has value to us because it isn't Facebook. For example, Twitter gives all participants in a discussion a kind of equality. On Facebook, a page's owner can shut down or manipulate any discussion on the page.
Striving for the same kind of audience with the same kind of reach is a mistake. Twitter users want Twitter to be Twitter, and I daresay that many of us would pay for it, and many of us wish it were better at being Twitter. The official Twitter clients, for example, leave a lot to be desired when compared to third-party clients. But they have a privileged position; third-party clients are capped at the number of users they support, to ensure that most Twitter users use Twitter's official clients most of the time, and hence that the advertisements on the site are seen, at least occasionally. It is not beyond the wit of humanity to imagine a system by which third-party clients could remain financially viable while also ensuring a revenue stream for Twitter—some kind of revenue share or subscription system, say—and such a thing would be far better for the hundreds of millions of people on Twitter.
Instead, it seems that we will see a stake driven through its very heart, in the name of making it more popular. RIP.

Civilian Jets An 'Easy Target' For IS Missiles

Air Chief Marshal Sir Michael Graydon was responding to exclusive footage which revealed the extremists were able to produce homemade thermal batteries for heat-seeking missiles  - a feat that has eluded terror groups until now.
It raises the possibility of the militants being able to reactivate discarded stockpiles of older missiles, previously thought redundant.
The capability of the insurgents emerged in more than eight hours of unedited training videos shot at a jihadi 'weapons lab' in the IS stronghold of Raqqa.
Sir Michael said of the footage obtained by Sky News: "It does appear to be an intelligence gold mine.
"The thing that particularly got my attention was the possibility that they would be able to get their hands on old surface-to-air missiles and insert this thermal battery which would make it very concerning indeed.
"And there are an awful lot of these old missiles around the place, of course.
"These would not necessarily be of great use in Iraq and Syria but in wider Europe and one's immediate concern would be towards civilian airliners.
''A civilian airliner coming into land say at Heathrow, Gatwick or Stansted, anywhere on the continent, in America, in Russia is a very, very easy target for a surface-to-air missile of this sort.
"It's an infrared missile, they will pick up the heat from the aircraft's engines, it will lock itself on and the chances are it will hit."
Speaking to Sky News, Paul Wolfowitz, the former US deputy secretary of defence, said: "The point in your report that I think is most concerning is the possibility that they know how to activate old shoulder-fired surface-to-air missiles of which unfortunately there are a very large number.
"If the batteries don't work they are not such a threat. If the batteries do work they are a very grave threat to civilian airliners at low altitudes."
Mr Wolfowitz said of the footage: "It underscores what we should have been sensitive to already which is these people are very very dangerous, they have widespread networks and they have a lot of technical expertise.
"A major effort needs to be made, not to ultimately to defeat ISIS, but to defeat ISIS on a schedule that's as rapid as possible and as decisive as possible - and that's not going to be easy to do now that it's morphed to the extent that it has and grown to the extent that it has."
"If the batteries don't work they are not such a threat. If the batteries do work they are a very grave threat to civilian airliners at low altitudes."
Mr Wolfowitz said of the footage: "It underscores what we should have been sensitive to already which is these people are very very dangerous, they have widespread networks and they have a lot of technical expertise.
"A major effort needs to be made, not to ultimately to defeat ISIS, but to defeat ISIS on a schedule that's as rapid as possible and as decisive as possible - and that's not going to be easy to do now that it's morphed to the extent that it has and grown to the extent that it has."

Tuesday, January 5, 2016

Black hole caught 'burping' galactic gas supply

The swathes of hot gas, detected in X-ray images from Nasa's Chandra space telescope, appear to be sweeping cooler hydrogen gas ahead of them.
This vast, rippling belch is taking place in NGC 5194 - a small, neglected sibling of the "Whirlpool Galaxy", 26 million light years away.
That makes it one of the closest black holes blasting gas in this way.
The findings, presented at the 227th meeting of the American Astronomical Society (AAS) in Florida, are a dramatic example of "feedback" between a supermassive black hole and its host galaxy.
"We think that feedback keeps galaxies from becoming too large," said Marie Machacek, a co-author of the study from the Harvard-Smithsonian Center for Astrophysics (CFA). 
"But at the same time, it can be responsible for how some stars form. This shows that black holes can create, not just destroy."

Ancient emissions

Black holes are well known for consuming gas and stars, but the two arcs of material glimpsed here are the equivalent of a burp after a big meal, the team said.
The black hole at the centre of NGC 5194 probably gorged on gas that was delivered by the small galaxy's interaction with its much bigger, spiralling neighbour. As that matter fell into the black hole, huge amounts of energy would have been released - causing the outbursts.
Eric Schlegel from the University of Texas at San Antonio, who led the study, explained that the crucial observation was the cooler hydrogen gas being propelled ahead of the hot, X-ray emitting waves.
"This is the best example of snowplough material I've ever seen," he said.
Deep red light, indicating the presence of hydrogen, was seen in a thin strip just in front of the outermost wave, in optical images from a telescope at the Kitt Peak National Observatory in Arizona.
"If it had not been for the hydrogen-alpha image, I would have been somewhat sceptical," Prof Schlegel told BBC News.
"I would have said, maybe this is mass going in, maybe it's mass coming out."
But the patch of hydrogen, spread out in a thin shape closely matching the arc of hot gas seen in Chandra X-ray images, clinched this as a belch rather than a gulp.
In fact, it is the cosmic shockwave from a rather ancient burp; the team has calculated that the inner wave of hot gas probably took three million years to reach its current position - and the outer wave up to six million years.
"We think these arcs represent fossils from two enormous blasts when the black hole expelled material outward into the galaxy," said co-author Christine Jones, also from the CFA. 
"This activity is likely to have had a big effect on the galactic landscape."
If their central, supermassive black holes often blast gas outward like this, it might help explain why elliptical galaxies like NGC 5194 tend not to have much active star formation, Prof Schlegel said.
And in the meantime, the outburst is likely to give NGC 5194 (also known as Messier 51b) some of the spotlight that it normally loses to the huge, whirlpool-shaped Messier 51a, with which it is gradually colliding.
"[The Whirlpool Galaxy] gets all the attention," Prof Schlegel said. "The poor companion gets very little - but I think that's about to change." 

More black hole news

Other researchers speaking at the AAS meeting on Tuesday described a different, very peculiar black hole. 
It is one of a pair of supermassive black holes, circling each other within a single galaxy after a big merger event.
Remarkably, only one of the pair is surrounded by the usual bright, spherical clump of gravitationally bound stars - posing something of a mystery.

"The answer may lie in the galaxy merger itself," said Julie Comerford, an astrophysicist at University of Colorado Boulder.
"When two galaxies merge, there are very strong gravitational and tidal forces that can strip away the stars from around the black hole."
Alternatively, the star-starved black hole may simply belong to a very rare, intermediate class - much smaller than the usual supermassive monsters that sit at the centre of big galaxies.
In that case, one of the galaxies that went into the merger must have only been a dwarf galaxy. 
"Maybe this small sphere of stars is actually appropriate for an intermediate-mass black hole," said Dr Comerford. 
"There are very few of these known - they are very rare and hard to find - but they're interesting because we think they may be an evolutionary stopover in the process of building supermassive black holes."

"The answer may lie in the galaxy merger itself," said Julie Comerford, an astrophysicist at University of Colorado Boulder.
"When two galaxies merge, there are very strong gravitational and tidal forces that can strip away the stars from around the black hole."
Alternatively, the star-starved black hole may simply belong to a very rare, intermediate class - much smaller than the usual supermassive monsters that sit at the centre of big galaxies.
In that case, one of the galaxies that went into the merger must have only been a dwarf galaxy. 
"Maybe this small sphere of stars is actually appropriate for an intermediate-mass black hole," said Dr Comerford. 
"There are very few of these known - they are very rare and hard to find - but they're interesting because we think they may be an evolutionary stopover in the process of building supermassive black holes."

Star Wars Monopoly Game To Add Rey Character After Fan Outcry

Male characters will no longer monopolize Hasbro’s new Star Wars-themed Monopoly game.
In response to fan outcry that the board game doesn’t feature Rey, the lead character played by Daisy Ridley in Star Wars: The Force Awakens, the toymaker announced Tuesday that she will be added in an updated version.
“We love the passion fans have for Rey, and are happy to announce that we will be making a running change to include her in the Monopoly: Star Wars game available later this year,” a Hasbro spokesperson said in a statement to EW.
In recent weeks, Star Wars fans have been vocal about the apparent underrepresentation of Rey, and by extension other female characters, in tie-in toys and merchandise. Many tweeted complaints featuring the hashtags #WheresRey and #WhereIsRey.
Hasbro previously said that the Monopoly: Star Wars game, which was released in September, didn’t feature Rey in order to avoid spoiling a key plot line.