Update on Andrew Wiggins’ availability for Game 3 vs. Mavericks

Photo: NBA.com

Andrew Wiggins was listed as questionable for Game 3 of the Western Conference Finals against the Mavericks due to ankle soreness.

Warriors head coach Steve Kerr expressed hope that the 27-year-old small forward will be ready to go despite being listed as questionable.

Marc Stein reports that Wiggins will play tonight as Golden State attempts to take a commanding 3-0 lead in the series against Dallas.

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Taliban enforcing face-cover order for female TV anchors

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ISLAMABAD — Afghanistan’s Taliban rulers on Sunday began enforcing an order requiring all female TV news anchors in the country to cover their faces while on-air. The move is part of a hard-line shift drawing condemnation from rights activists.

After the order was announced Thursday, only a handful of news outlets complied. But on Sunday, most female anchors were seen with their faces covered after the Taliban’s Vice and Virtue Ministry began enforcing the decree.

The Information and Culture Ministry previously announced that the policy was “final and non-negotiable.”

“It is just an outside culture imposed on us forcing us to wear a mask and that can create a problem for us while presenting our programs,” said Sonia Niazi, a TV anchor with TOLOnews. In an act of solidarity with female colleagues, the channel’s male personnel covered their faces with masks, including the main evening news reader.

A local media official confirmed his station had received the order last week but on Sunday it was forced to implement it after being told it was not up for discussion. He spoke on condition he and his station remain anonymous for fear of retribution from Taliban authorities.

During the Taliban’s last time in power in Afghanistan from 1996-2001, they imposed overwhelming restrictions on women, requiring them to wear the all-encompassing burqa and barring them from public life and education.

After they seized power again in August, the Taliban initially appeared to have moderated somewhat their restrictions, announcing no dress code for women. But in recent weeks, they have made a sharp, hard-line pivot that has confirmed the worst fears of rights activists and further complicated Taliban dealings with an already distrustful international community.

Earlier this month, the Taliban ordered all women in public to wear head-to-toe clothing that leaves only their eyes visible. The decree said women should leave the home only when necessary and that male relatives would face punishment for women’s dress code violations, starting with a summons and escalating to court hearings and jail time.

The Taliban leadership has also barred girls from attending school after the sixth grade, reversing previous promises by Taliban officials that girls of all ages would be allowed an education.

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Juwan Howard reportedly turned down Lakers offer

Photo: Rick Osentoski, USA TODAY Sports

One of the main candidates to take the Lakers head coaching position – Juwan Howard – recently declined the offer from the team to take the job, NBA insider Adrian Wojnarowski reports.

The former NBA player, who has connections with the team having played with Rob Pelinka at Michigan and with LeBron James in Miami, decided to continue working with the Wolverines.

It was reported recently that three coaches emerged as the favorites for the Lakers job, namely Darvin Ham, Kenny Atkinson and Terry Stotts.



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Opinion | Netflix Fired Frank Langella. Was That the Right Thing To Do?

The reckoning brought on by the #MeToo movement, reported on by my Pulitzer Prize-winning colleagues at The Times, was long overdue and a huge net positive. It took years of dogged reporting on odious cases like those of Bill O’Reilly, Matt Lauer and Harvey Weinstein to fuel the #MeToo movement, bringing necessary attention to the prevalence of sexual harassment and assault in the workplace. The behavior here was clearly egregious; the results were clear-cut and necessary. But then there are the more muddled cases.

Around the time that Langella was fired, allegations of misconduct concerning the actor Bill Murray on the set of “Being Mortal,” resulting in his suspension, and the firing of Fred Savage, the director of a reboot of “The Wonder Years,” also made headlines. It’s hard to know what to make of the near-constant stream of accusations of “inappropriate behavior” coming primarily out of Hollywood and the media world when smaller infractions seem to be treated much the same as appalling transgressions.

Part of the complicated fallout from #MeToo seems to be a lack of due process in responding to accusations. We’ve all heard stories of #MeToo overreach and backlash. Many people who work in the media or academia or entertainment, like me, have witnessed at least one person who has gone through some version of this. There are cases in which, whatever the accusers’ motivations, their claims are not found to be true or the punishment is out of proportion to the offense. Often the accused are convicted in the court of Twitter or ushered out by human resources and left to suffer the material and psychic losses. Public condemnation, even in the absence of evidence, can be enough to damage a life.

One high-profile example involves the novelist Junot Díaz, who was accused in 2018 of sexual misconduct by one writer and more generally of misogynistic behavior by several writers on Twitter. The Massachusetts Institute of Technology, where he teaches writing, found no evidence of misconduct toward students or staff members. The Pulitzer Prize Board, for which he served as chair, found no reason to remove him after a five-month review by an independent law firm. But not before his reputation was sullied.

There is no court of appeals if the offending party believes he was wrongly or unfairly accused. Langella said he was told by lawyers and advisers to follow the now standard cycle of abject public apology: “Do the talk shows, show contrition, feign humility. Say you’ve learned a lot.” This seems to be the preferred route, but it’s by no means assured, nor does it always sit well with those who believe their actions don’t warrant the punishment.

To raise these issues is not to betray or mistrust women. This is not a battle between the sexes. True, women are overwhelmingly the victims of sexual harassment and misconduct. But nearly every woman has a father, brother, husband or son. Any one of the men in our lives could wind up on the wrong end of an accusation, perhaps for good reason but perhaps for no good reason at all.

Nobody wants to knee-jerkingly take down another Al Franken, who was effectively forced to resign from the Senate over iffy allegations of inappropriate behavior during photo ops and comic sketches. Yet how to account for the fact that not all complaints of impropriety are alike?

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“COVID-19 is not over”, Tedros warns World Health Assembly — Global Issues

Tedros Adhanom Gebreyesus delivered his message during the kick-off of the annual World Health Assembly–the decision-making body of WHO comprised of representatives of 194 countries.

Noting that it was the first time since 2019 that the Assembly could take place in-person, he asked Ministers where the world stood two years into the most severe health crisis in a century.

“So, is it COVID-19 over? No, it’s most certainly not over. I know that’s not the message you want to hear, and it’s definitely not the message I want to deliver”, he highlighted.

He added that although in many countries all restrictions have been lifted and life looks much like it did before the pandemic, reported cases are increasing in almost 70 countries in all regions.

“…And this in a world in which testing rates have plummeted”, he added.

Tedros warned that reported deaths are also rising in Africa, the continent with the lowest vaccination coverage.

“This virus has surprised us at every turn – a storm that has torn through communities again and again, and we still can’t predict its path, or its intensity”, he emphasised.

Global gaps in the COVID-19 response

While agreeing that there is progress with 60% of the world’s population already vaccinated, Tedros reminded that almost one billion people in lower-income countries remain unvaccinated.

It’s not over anywhere until it’s over everywhere… Only 57 countries have vaccinated 70% of their population – almost all of them high-income countries”, he noted.

The WHO chief also warned that increasing transmission means more deaths and more risk of a new variant emerging, and the current decline of testing and sequencing means “we are blinding ourselves to the evolution of the virus”.

He pointed out as well that in some countries there is still insufficient political commitment to roll out vaccines, and there are still gaps in operational and financial capacity.

“And in all, we see vaccine hesitancy driven by misinformation and disinformation”, he added.

It is possible to end the pandemic

Tedros said that WHO’s primary focus now is to support countries to turn vaccines into vaccinations as fast as possible, but they are still seeing supply-side problems for tests and therapeutics with insufficient funds and access.

The pandemic will not magically disappear. But we can end it. We have the knowledge. We have the tools. Science has given us the upper hand”, he said, calling on countries to work together to reach 70% of vaccination coverage.

© UNICEF/Frank Dejongh

A mother receives her second dose of the COVID-19 vaccination at a health centre in Obassin, Burkina Faso.

Other priorities of the World Health Assembly

The Seventy-fifth World Health Assembly is being held in Geneva, Switzerland, on 22-28 May 2022. It is the first in-person Health Assembly since the start of the COVID-19 pandemic.

At the meeting, country delegates make decisions on health goals and strategies that will guide public health work and the work of the WHO Secretariat to move the world towards better health and well-being for all.

The theme of this year’s Assembly is Health for peace, peace for health.

“As we speak, our colleagues around the world are responding to outbreaks of Ebola in DRC, monkeypox and hepatitis of unknown cause, and complex humanitarian crises in Afghanistan, Ethiopia, Somalia, South Sudan, the Syrian Arab Republic, Ukraine and Yemen.

We face a formidable convergence of disease, drought, famine and war, fuelled by climate change, inequity and geopolitical rivalry”, Tedros told Ministers.

Global Health Leaders Awards

The WHO Director-General also announced on Sunday six awards to recognize outstanding contribution to advancing global health, demonstrated leadership and commitment to regional health issues.

The winners include British-Lebanese psychiatrist Dr Ahmed Hankir, youth sports advocate Ms Ludmila Sofia Oliveira Varela, and polio workers in Afghanistan.

You can find more information about this year’s winners here

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Here’s What Mick Jagger Really Thinks About Harry Styles

Harry Styles is no Mick Jagger, according to Mick Jagger.

In an interview with The Sunday Times, posted May 22, the legendary Rolling Stones frontman, 78, was asked about the idea that he inspired the 28-year-old pop star, whose style has drawn comparisons to Jagger‘s early-’70s look.

“I like Harry — we have an easy relationship,” the veteran rocker told the newspaper. “I mean, I used to wear a lot more eye make-up than him.”

Jagger continued, “Come on, I was much more androgynous. And he doesn’t have a voice like mine or move on stage like me; he just has a superficial resemblance to my younger self, which is fine — he can’t help that.”

In 2015, Jagger complimented Styles in an interview with The Mail on Sunday‘s Event magazine. “He’s got it going on,” Jagger said. “I know him, he comes to see me in lots of shows. And yeah, I can see the influence. But I don’t say anything to him, I just tell him he looks nice. I like him. He’s very decent.”

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Nox Bitcoin To Refund UST At $1 To Their Customers

Nox Bitcoin, a cryptocurrency exchange in Brazil, has taken the unprecedented step of using its own funds to refund customers for their TerraUSD coins at the full rate.

Following local media’s report on May 20, the Nox Bitcoin exchange has refunded all UST holders at a $1 rate with Tether’s USDT.

The report stated that the crypto brokerage firm paid 620,000 Reais ($127,000). The exchange paid the amount to compensate all its customers who lost money due to the Terra ecosystem collapse.

  Related Reading | Ripple Price Falls Below $0.43 As Bears Take Control Of The Market

“FatMan” of the Terra research forum commented in a tweet on May 20 that the decision might set a global precedent for other crypto exchanges.

The tweet stated;

This is fairly significant. A Brazilian cryptocurrency exchange has refunded all UST holders at a 1:1 rate with USDT. Likewise, this case may be used as key precedent to argue that exchanges are liable for UST losses. If tortious misrepresentations were made.

UST Back At $1 For Those Lucky Ones

The exchange stated that it would refund the customers the amount of the difference between the present rate for UST and the dollar peg it collapsed from. This implies that a holder of 100 UST at $0.06 will receive a refund of 94 USDT.

UST is currently trading at $0.066 with a green line | Source: UST/USD price chart from Tradingview.com

According to Nox Bitcoin CEO Joo Paulo Oliveira, the firm is not responsible for bearing clients’ losses from investing in certain currencies on its platform. Yet, they decided to intervene to ensure their customer’s trust.

He continued;

Clients have trusted us with staking and we understand that their trust is much more valuable than anything else. As a result, we’re going to reimburse these users minus the expenses we’d have elsewhere, like marketing.

The news came as a relief and brought positiveness to the cryptocurrency space. However, the decision by the Nox Bitcoin exchange reflects the Brazilian customer protection regulations.

The exchange also offers staking services, such as Anchor Protocol, which UST heavily uses. The DeFi protocol offered up to 20% APY on UST staking and was primarily seen as being instrumental in its collapse due to these unsustainable yields.

People are now waiting to see what happens next regarding listing UST and LUNA. “It is possible that this will no longer exist in the near future,” stated Oliveira before adding, “but you never know what can happen in an unpredictable crypto market.”

  Related Reading | Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

According to Tradingview, UST is trading at $0.067 with a 1% increase at the time of writing. The “unstablecoin” has withdrawn 93% from its peg. And it is unlikely to get back to it without major intervention such as a TerraForm Labs hard fork.

Also, TerraForm’s LUNA has dumped a similar amount. As a result, the coin is trading at $0.00020 with a market cap of $1.35 billion and 6.5 trillion tokens in circulation. 

                Featured image from Flickr, and chart from Tradingview.com

 



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Australia’s ‘Climate Election’ Finally Arrived. Will It Be Enough?

SYDNEY, Australia — A few minutes after taking the stage to declare victory in Australia’s election on Saturday, Anthony Albanese, the incoming Labor prime minister, promised to transform climate change from a source of political conflict into a generator of economic growth.

“Together we can end the climate wars,” he told his supporters, who cheered for several seconds. “Together we can take advantage of the opportunity for Australia to be a renewable energy superpower.”

With that comment and his win — along with a surge of votes for candidates outside the two-party system who made combating global warming a priority — the likelihood of a significant shift in Australia’s climate policy has suddenly increased.

How far the country goes will depend on the final tallies, which are still being counted. But for voters, activists and scientists who spent years in despair, lamenting the fossil fuel industry’s hold on the conservatives who have run Australia for most of the past three decades, Saturday’s results amount to an extraordinary reversal.

A country known as a global climate laggard, with minimal 2030 targets for cuts to carbon emissions, has finally tossed aside a deny-and-delay approach to climate change that most Australians, in polls, have said they no longer want.

“This is the long-overdue climate election Australia has been waiting for,” said Joëlle Gergis, an award-winning climate scientist and writer from the Australian National University. “It was a defining moment in our nation’s history.”

Yet it remains to be seen whether the factors that led to that shift can be as powerful and persuasive as the countervailing forces which are so entrenched.

In Australia, as in the United States, ending or altering many decades’ worth of traditional energy habits will be difficult.

In the last fiscal year alone, Australian federal, state and territory governments provided about 11.6 billion Australian dollars ($8.2 billion) worth of subsidies to coal and other fossil fuel industries.

An additional 55.3 billion Australian dollars ($39 billion) has already been committed to subsidizing gas and oil extraction, coal-fired power, coal railways, ports and carbon capture and storage (even though most carbon capture projects fail).

As Dr. Gergis pointed out in a recent essay, “That is 10 times more than the Emergency Response Fund, and over 50 times the budget of the National Recovery and Resilience Agency.”

In other words, Australia still spends far more money to bolster the companies causing the planet to warm than it does helping people deal with the costs tied to the greenhouse gases they emit.

Over the past few years, there has been a buildup in renewable energy investment, too, but nothing on the same scale. And during the campaign, Mr. Albanese’s Labor party tried to avoid directly tackling that mismatch.

On Election Day in Singleton, a bustling town in northwest New South Wales, where over 20 percent of residents work in mining, Labor banners reading “Send a miner to Canberra” hung next to signs from the National Party, part of the departing conservative coalition, that read “Protect local mining jobs.” And both parties’ candidates were upbeat about the region’s mining future.

“While people are buying our coal we’ll definitely be selling it,” said Dan Repacholi, a former miner who won the seat for Labor.

The coal mining industry is thriving in the area, but so is private investment in renewables, especially hydrogen. “We’re going to have a massive boom here through both of those industries going up and up and up,” Mr. Repacholi said.

During the campaign, Mr. Albanese positioned himself as a “both-and” candidate, pledging support for new coal mines as well as renewables — in large part, to hold on to blue-collar areas like Singleton.

But now he will face a lot of pressure to go further on climate, faster.

The great swing against the conservative coalition on Saturday included a groundswell for the Australian Greens, who could end up being needed by Labor to form a minority government.

Adam Bandt, the Greens’ leader, has said that a ban on new coal and gas projects would be the party’s top priority in any power-sharing agreement.

Several new independent lawmakers, who campaigned on demands for Australia to increase its 2030 target for carbon emission cuts to 60 percent below 2005 levels — far beyond Labor’s 43 percent commitment — will also be pressuring Mr. Albanese and his opposition.

“Both sides of politics are going to have to reorient themselves,” said Saul Griffith, an energy policy expert who advocates policies that would make it easier for people to power their cars and heat their homes with electricity. “This is a very clear message on climate.”

Like many other experts, Mr. Griffith said he was not particularly interested in bold official promises to end coal mining, which he expects to fade on its own through economic pressure.

New gas projects present a bigger problem. An immense extraction effort being planned for the gas fields of the Beetaloo Basin in the Northern Territory could produce enough carbon emissions to destroy any hope of Australia’s meeting reduction targets on par with those of other developed nations.

Climate action advocates are mostly hoping to start with legislation like the bill introduced by Zali Steggall, an independent, which would set up a framework for setting stricter emissions targets and working toward them through rigorous science and research.

Robyn Eckersley, an expert on the politics of climate change at the University of Melbourne, warned that Labor, the Greens and independents needed to “play a long game,” keeping in mind that a carbon tax caused a backlash that set Australian climate policy back by nearly a decade.

Fixating on a single number or a single idea, she said, would impede progress and momentum.

“It’s important to get something in and build a consensus around it,” Professor Eckersley said. “Having debates about how to improve it is better than swinging back and forth between something and nothing.”

Mr. Griffith said Australia had a shot at becoming a global model for the energy transition that climate change requires by leveraging its record-breaking uptake of rooftop solar. More than one in four homes in Australia now have solar panels, outpacing every other major economy; they provide electricity for about one-fifth of what it costs through the traditional grid.

“The real action on climate has got to be community-led,” Mr. Griffith said. He argued that the election results were encouraging because they showed the issue resonating with a wider range of the electorate.

“It’s a less divisive set of politics, it’s coming from the center,” he said. “It’s a middle-class uprising, and so the climate action isn’t as partisan.”

Sadly, it’s taken a lot of suffering to get there. Australia has yet to recover fully from the record-breaking bush fires of 2020, which were followed by two years of widespread flooding.

The Great Barrier Reef also just experienced its sixth year of bleaching — disturbingly, the first during a La Niña climate pattern, when cooler temperatures typically prevent overheating.

“People no longer need to use their imaginations to try and understand what climate change looks like in this country,” Dr. Gergis said. “Australians have been living the consequences of inaction.”

Yan Zhuang contributed reporting from Singleton, Australia.

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Pakistan’s defiant ex-premier calls for march on Islamabad

PESHAWAR, Pakistan — Pakistan’s defiant former Prime Minister Imran Khan called on Sunday for his supporters to march peacefully on Islamabad on May 25th, to press for fresh elections.

Khan, who served as prime minister for over three and half years, was ousted in a no-confidence vote in parliament by an alliance of all major political parties. Since his ouster, he’s addressed rallies in several cities as he mobilizes for a grand show of strength in the capital on Wednesday.

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Which Bitcoin strategy works best regardless of price?

Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021.

The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper, around $30,000, or wait for another market selloff.

This is primarily because interest rates are lower despite Federal Reserve’s recent 0.5% rate hike. Meanwhile, cash holdings among the global fund managers have surged by 6.1% to $83 billion, the highest since the 9/11 attacks. This suggests risk aversion among the biggest pension, insurance, asset, and hedge funds managers, the latest Bank of America data shows.

Many crypto analysts, including Carl B. Menger, see greater buying opportunities in the Bitcoin market as its price searches for a bottom.

But instead of suggesting a lump-sum investment (LSI), wherein investors throw down a huge sum to enter a market, there’s a seemingly safer alternative for the lay investor, called the “dollar cost averaging,” or DCA.

Bitcoin DCA strategy can beat 99.9% of all asset managers

The DCA strategy is when investors divide their cash holdings into twelve equal parts and buy Bitcoin with each part every month. In other words, investors purchase more BTC when its prices decline and less of the same asset when its prices rise.

The strategy has so far provided incredible results.

For instance, a dollar invested into Bitcoin every month after it topped out in December 2017—near $20,000—has given investors a cumulative return of $163, according to CryptoHead’s DCA calculator. That means a circa 200% profit from consistent investments.

Bitcoin DCA calculator. Source: CryptoHead

The Bitcoin DCA strategy also originates from an opinion that BTC’s long-term trend would always remain skewed to the upside. Menger claims that buying Bitcoin regularly for a certain dollar amount could have investors “beat 99.99% of all investment managers and firms on planet Earth.”

Cracks in the DCA strategy

Historical returns in traditional markets, however, do not support DCA as the best investment strategy. Instead, the LSI strategy proves to be better.

For instance, a study of 60/40 portfolios by Vanguard, which looked at every 12-month timeframe from 1926 until 2015, showed that all-at-once investments outperformed the DCA two-thirds of the time, averaging 2.4% on a calendar year basis.

Related: Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market

This somewhat raises the possibility that Bitcoin, whose daily positive correlation with the benchmark S&P 500 index surged to 0.96 in May, would show similar results between its DCA and LSI strategies in the future.

Thus, investing regularly in Bitcoin with a fixed cash amount might not always give better profits than the all-in method.

BTC/USD daily price chart. Source: TradingView

But what about combining both?

Larry Swedroe, chief research officer for Buckingham Wealth Partner, believes investors should invest with a “glass is half full” perspective, meaning a mix of LSI and DCA.

“Invest one-third of the investment immediately and invest the remainder one-third at a time during the next two months or next two quarters,” the analyst wrote on SeekingAlpha, adding:

“Invest one-quarter today and invest the remainder spread equally over the next three quarters. Invest one-sixth each month for six months or every other month.”

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.



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