Goldman Sachs slashes its oil price forecast for the next five years

first_img Tags: Goldman Sachs Oil prices whatsapp Share whatsapp Show Comments ▼ Emma Haslett The good news is that after months of falls, oil prices have begun to tentatively rise (although that was thanks to fighting in Yemen and Iraq). The bad news is that Goldman Sachs doesn’t think it’s going to last: the investment bank has slashed its oil price forecasts for the next five years.In a note published over the weekend, Goldman said the average 2016 Henry Hub natural gas price (a benchmark used by the industry) will fall to $3.50 per mmbtu (a measure of the energy content in fuel), down from $3.80 earlier, thanks to the glut in US shale supply and Opec’s refusal to cut productivity.It added that throughout 2016-2020, there’s likely to be a $5 per barrel spread between Brent and WTI crude. However, it also raised its expectations for Brent crude this year, to $58 per barrel from $52, while its outlook for WTI crude rose to $52 per barrel, from $48. Earlier this month, Goldman said the the recent rally in oil prices was “premature”, and that they are likely to fall further in the coming months, despite fighting in the Middle East.  Monday 18 May 2015 8:41 am More From Our Partners Institutional Investors Turn To Options to Bet Against AMCvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Goldman Sachs slashes its oil price forecast for the next five years last_img read more

David Kessler: ‘Capturing’ attention with a new theory of mind

first_imgHealthDavid Kessler: ‘Capturing’ attention with a new theory of mind About the Author Reprints @kweintraub As commissioner of the Food and Drug Administration in the 1990s, Dr. David Kessler was known for regulating cigarettes, cutting time for drug approvals, and enforcing food labels. But ever since leaving Washington, Kessler has worried less about the rule of law and more about why people do things against their own self-interest.A pediatrician and lawyer by training, Kessler talked with STAT about his new book “Capture,” which was published last week.What do you mean that things like smoking and junk food can “capture” us?The theory of capture is composed of three elements: Something seizes our attention; it changes how we feel; [and] there’s a perception of a loss of control.advertisement By Karen Weintraub April 22, 2016 Reprints Can we escape our traps by thinking or willing our way out?Certainly if you look at the traditions of Buddhism — they try to decrease your emotional reactivity. What antidepressants do is reduce emotional reactivity. I’m convinced that the best way to get release from capture is to find something more positive that can be more meaningful that captures you.Such as?In the book, for one character it was music, for another it was running, for [Winston] Churchill it was painting. You don’t necessarily control what you’re captured by, but you can put yourself in a position to be captured by certain things.Is the idea of capture relevant to the current Presidential campaign?What are some of the candidates playing with? They’re playing with highly salient stimuli. Whether it’s the decline of America or scapegoats or being cheated by others. Leadership can either capture people with a negative image of the world or a positive image. Both will work, but [the negative] is scary, with a direct line to violence.Do companies use capture to manipulate us?Making things salient, isn’t that the goal of advertising?Did you try to use this thinking to break yourself of any habits?I have suits in every size. I realized I had to change my own perception of food.Anything that’s captured you outside of work?My first grandchild.Dr. David Kessler is a professor of pediatrics at the University of California, San Francisco. This interview has been edited and condensed. Karen Weintraub is an independenthealth/sciencejournalist, journalism teacher, and bookauthor. Karen Weintraub Former FDA chief Dr. David Kessler is advancing a new theory of mental suffering. Molly Ferguson for STAT What drew you into studying this? I became convinced there was a common mechanism underlying many of our emotional struggles and mental illnesses. If you look at someone who’s depressed, there’s a constant attentional shift toward negative: I’m a fraud, I’m a failure, I’m no good.And you think this idea of capture can help break the cycle?To be able to offer up a new theory of mental suffering in a way that people can understand it, and most importantly not to feel that people who suffer are broken — that to me is the most important aspect of capture.advertisement Tags foodmental healthPresidential campaignlast_img read more

Ruling threatens to upend patents on Moderna’s Covid-19 vaccine

first_imgBiotech By Damian Garde July 23, 2020 Reprints Alex Hogan/STAT @damiangarde Moderna, racing to develop a vaccine for Covid-19, lost a key patent decision Thursday, one that could delay the company’s progress or force it to hand over a cut of profits.The U.S. Patent and Trademark Office denied Moderna’s claim that a patent held by a rival company was invalid. The patent, which covers technology used to deliver messenger RNA treatments, is held by the Canadian firm Arbutus. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Damian Garde STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What’s included? Ruling threatens to upend patents on Moderna’s Covid-19 vaccine center_img [email protected] What is it? About the Author Reprints GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. National Biotech Reporter Damian covers biotech, is a co-writer of The Readout newsletter, and a co-host of “The Readout LOUD” podcast. Tags biotechnologyBostonSTAT+ Log In | Learn More last_img read more

Sovereign General turns 60

Share this article and your comments with peers on social media The Sovereign General Insurance Company in Calgary celebrated 60 years in business on Tuesday. The company was originally founded in Montreal in 1953 with the name Merit Insurance Company. At that time the company focused on personal lines of insurances. Keywords Insurance Related news Merger of B.C. financial services, real estate regulators nears completion There’s $149 million in B.C.’s lost and found Sovereign took on its current name in 1974 after Merit merged with a subsidiary. By the mid-1980s, Sovereign began to focus on commercial lines of insurance and to distribute its products across Canada through independent brokers. Sovereign was bought by The Co-operators in 1987. Currently, Sovereign employs 270 people in eight regional and services offices across Canada. In 2012 Sovereign had a gross written premium of $295.8 million. GWL reports ‘solid’ Q1 earnings Fiona Collie Facebook LinkedIn Twitter read more

Review of DOL’s fiduciary rule won’t impact changes insurers implemented

first_img Although the new U.S. administration has thrown the U.S. fiduciary rule into limbo, a “significant portion” of the changes the insurance industry has made in response to the rule — including changes to their product lineups, distribution strategies and compensation models — “will remain in place,” according to a new report from Fitch Ratings Inc. The U.S. Department of Labor (DOL) recently delayed the implementation of its fiduciary to review and reconsider the impact of the new rules, which were due to take effect in April, on the availability of certain products and financial advice, among other things. Share this article and your comments with peers on social media Keywords Life insurance industry,  Fiduciary duty Canadian lifecos stable in the face of headwinds: DBRS Canadian lifecos face rising credit risks: DBRS James Langton center_img Related news Yet, the Fitch report points out that “insurers selling affected products have made various changes to their distribution strategies and compensation structures and have developed new products that comply with [new rules].” Furthermore, the report suggests that some of these changes will remain, regardless of the outcome of the review, as insurers have “invested meaningful resources” over the past year in preparation for the new rules. It’s likely that the final rule will be revised in response to the review, the Fitch report says: “The changes may be considerable in terms of the definition of fiduciary investment advice or products covered, … although the extent of such revisions is difficult to predict.” Despite pandemic responses, insurers will struggle Facebook LinkedIn Twitterlast_img read more

UK Government approves further military support for Northern Ireland health service

first_imgUK Government approves further military support for Northern Ireland health service The UK Government has today approved a request from the Department of Health (NI) for deployment of military medical personnel to support the accelerated rollout of vaccines in Northern Ireland.Military medical personnel have previously supported front line healthcare staff in Northern Ireland on coronavirus wards, helping to treat the sickest patients and reduce pressures on the NI health service.Commenting on today’s announcement Northern Ireland Secretary of State Brandon Lewis MP said:As we continue the mass COVID 19 vaccination rollout across the UK, I’m pleased medically-trained personnel from our Armed Forces will support health and social care teams in the delivery of this unprecedented programme across Northern Ireland.Defence Secretary Ben Wallace said:Today I authorised the deployment of 100 defence medics to support the vaccine rollout in Northern Ireland from the end of this month.Our Armed Forces are once again stepping up to support the UK’s response to the pandemic, working around the clock to protect our people in all four corners of the nation.NotesFurther queries on the deployment of military medical personnel should be directed to the Department of Health (NI)100 military medical personnel will be deployed in Northern IrelandMACA explainer: https://medium.com/voices-of-the-armed-forces/military-aid-to-civil-authorities-maca-a-force-for-good-31ddb1cc1aca /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Brandon, coronavirus, Defence, Department of Health, Government, health, healthcare, Ireland, Secretary, secretary of state, UK, UK Government, vaccination, Vaccines, Wallacelast_img read more

Nominations open for 2021 Australian Training Awards

first_imgNominations open for 2021 Australian Training Awards Nominations are now open for the peak national awards of Australia’s vocational education and training (VET) sector.The 2021 Australian Training Awards will be held in Perth, Western Australia on Thursday 18 November to showcase the leaders in VET and provide inspiration for people to gain skills for rewarding careers.Minister for Employment, Skills, Small and Family Business, Senator the Hon Michaelia Cash, says the awards will also help celebrate the resilience of the VET sector.“This is a chance to recognise the best and brightest in the VET sector, as well as efforts to overcome the challenges of the COVID-19 pandemic,” Minister Cash said.“As we continue our economic recovery, we want to highlight the hard work of our students, apprentices and trainees, as well as their teachers, trainers and employers.“There are countless stories of inspiration over the last year that we want to shine a spotlight on.“I encourage anyone in the VET sector to put up their hands to recognise their hard work and excellence.”This year includes a new award category for outstanding achievement in the VET and skills sector, recognising an individual’s outstanding leadership and contribution for more than 15 years.Individuals and businesses can apply directly for categories that recognise:Employers delivering innovative training to apprentices or traineesSchools, employers and training organisations collaboratively delivering VET programs to secondary students, andIndividuals dedicated to improving language, literacy and numeracy skills in an educational, community or workplace context.Minister Cash said the Australian Training Awards form part of the Australian Government’s commitment to the VET sector.“The Australian Government is providing unprecedented support to the sector, including a $1.2 billion expansion of the Supporting Apprenticeship Commencements wage subsidy.”Nominations close 30 June 2021. More details and how to nominate can be found at www.australiantrainingawards.gov.au. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:apprenticeship, AusPol, Australia, Australian, Australian Government, community, education, employment, Government, leadership, Minister, Perth, resilience, Skills, students, vocational education, Western Australialast_img read more

Statement on National Security Advisor Jake Sullivan’s Meeting with Foreign Minister Simon Coveney of Ireland

first_imgStatement on National Security Advisor Jake Sullivan’s Meeting with Foreign Minister Simon Coveney of Ireland The White HouseToday, National Security Advisor Jake Sullivan met with Foreign Minister Simon Coveney of Ireland to discuss our strong bilateral relations and cooperation on a number of shared global challenges. Mr. Sullivan and Foreign Minister Coveney condemned the forced diversion of a flight between two EU member states and the subsequent removal and arrest of journalist Raman Pratasevich in Minsk by the Lukashenka regime, and they agreed to remain in close touch on an appropriate response. They also discussed Ireland’s role in addressing challenges to peace and security as a non-permanent member of the UN Security Council. Mr. Sullivan and Foreign Minister Coveney reaffirmed their commitment to protecting the gains of the Good Friday Agreement for all communities in Northern Ireland. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, arrest, council, EU, Europe, foreign minister, Government, Ireland, Minister, Minsk, security, Security Council, UN, United States, White Houselast_img read more

Upcoming Honda Civic Type R might get an optional CVT

first_imgCreated with Raphaël 2.1.2Created with Raphaël 2.1.2 Honda Civic Type R advertisement Trending in Canada Other details haven’t been outright confirmed; the Type R will likely use an updated version of the current Type R’s 2.0-litre turbo-four, but tuned to pump out around 320 horsepower, compared to the 305 horses on tap in the outgoing model available overseas. RELATED TAGSCivicHondaNewsAutomotive ReviewsCars and Car DesignCulture and LifestyleHonda CivicHonda Motor Co. Ltd. The Rolls-Royce Boat Tail may be the most expensive new car ever PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca See More Videoscenter_img Honda‘s upcoming Civic Type R might pack a significant twist under the skin.That’s the verdict from enthusiast forum CivicX, where one user stumbled upon a report in CAR Magazine‘s November issue. In an interview with a handful of company executives, the report cleared up a few details ahead of the hot hatch’s official debut – the car’s centre of gravity will be lower than the standard Civic’s, the car will remain exclsuively front-wheel-drive, and a limited slip differential will be available.Oh, and a continuously variable transmission might be offered. Not all hope is lost, though – the CVT will reportedly be optimized for low-end acceleration, and a six-speed manual will still come standard. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” ‹ Previous Next › COMMENTSSHARE YOUR THOUGHTS Trending Videoslast_img read more

Mercedes-AMG unveils 2021 GLE 53 Coupe

first_img Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” See More Videos Active Ride Control is also an option, featuring two independently operating electro-mechanical actuators at the front and rear axle. This system reduces body roll when cornering and allows more precise control of cornering properties and load change characteristics. It can balance out one-sided bumps, a feature that will surely please Miss Daisy. advertisement RELATED TAGSSUVLuxuryLuxury VehiclesNew Vehicles2021Coupegle 53mercedes-amg Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2021 Mercedes-AMG GL# 53 Coupe  Handout / Mercedes-Benz Spotting a GLE 53 Coupe won’t be difficult, thanks to AMG-specific features like sporty air outlets, a front splitter-type feature, and several superfluous louvers. The newly redesigned rear bumper features AMG details like a diffuser and round twin tailpipe finishers. A special Night Package blacks out most of the chrome, if you’re into that type of look. COMMENTSSHARE YOUR THOUGHTS Trending Videos Tied to this powerplant is the AMG Speedshift nine-speed automatic transmission, a unit which can be shifted via steering wheel paddles or simply left in ‘D’ like Pop’s Vistacruiser. Power is sent to all corners via Mercedes’ 4MATIC+ all-wheel drive system, assuring this thing will cling to corners like a frightened cat to a wool blanket. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca As a crossover ‘coupe’, this GLE 53 prioritizes pace (and looks) over space, meaning there’s a whole lot more sport than utility in the interior. Its fastback shape cleaves several cubic feet from the cargo area in the name of style, while high-contrast color options jack the visual drama to eleven and beyond. We prefer this new Mercedes design language to anything built by Affalterbach in recent memory.Created with Raphaël 2.1.2Created with Raphaël 2.1.22021 Mercedes-AMG GLE 53 Coupe We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. The Rolls-Royce Boat Tail may be the most expensive new car ever Blurring the lines of vehicle segments has been a Mercedes hallmark ever since they dropped the Hammer on an unsuspecting sedan-buying public. Crossover coupes, which aren’t really coupes at all, take that blurring of lines to the next level. The newest entrant to this increasingly crowded field? The 2021 GLE 53 Coupe. Pardon us while we check our calendars.Of course, the 53 bears no relation to its actual engine size, which is a 3.0-litre inline-six making a healthy 429 horsepower. Juicing the works is 48-volt technology, part of its EQ Boost system and delivering an additional 21 horses and 184lb.-ft of torque. Combustion torque peaks at 384lb.-ft., while the run to 100 km/h from rest is yours in just 5.3 seconds.Created with Raphaël 2.1.2Created with Raphaël 2.1.22021 Mercedes-AMG GLE 53 Coupe Trending in Canada ‹ Previous Next ›last_img read more