Daily Archives: February 25, 2017

Financial Black Swans Could Rock 2017 Stock Market …

Posted: February 25, 2017 at 3:56 pm

Looming Black Swans Could Hurt 2017 Stock Market Forecast

The current social and political conditions could lead the world economy to disaster. The financial markets have never been more susceptible to disruptive events. Yet the stock market forecast for 2017 has not taken the biggest risk into account.

This is nobodys fault, because no stock market forecast can possibly foresee the biggest risk. Most everybody can make a correct market prediction, even without knowing a thing about a stock, but nobody can predict a black swan event. The very nature of a black swan is to elude everyone, including Nostradamus himself.

The black swan theory, or the theory of black swan events, is a metaphor. Its a term to describe the concept that a heavy-impact event comes as a surprise to the observer. Once that happened, the event is rationalized in retrospect. The theory was developed by Nassim Nicholas Taleb to explain the weaknesses of such things as a stock market outlook or a stock market forecast.

High-impact events such as a black swan are not just rare and difficult, if not impossible, to predict. They play a disproportionate role compared to normal expectations in the context of history, science, technology and finance. A black swan event can only be recognized after the fact.

Heres what this means for where the stock market is headed. Geopolitics is key. Thus, it is important to increase the awareness of firms operating in international markets today, even more than in the past.

In 2017, the Venezuelan default and the growing tensions between the U.S. and Iran could be traumatic, leading to a potential collapse of oil prices and another war in the Middle East. Raw materials could be subject to extreme fluctuations in 2017.

Tensions between the U.S. and Iran and the risk of a default in Venezuela may push up oil prices, possibly to unsustainable levels for emerging economies. Further, the situation in Ukraine and Russia is even more difficult to predict now.

During the Barack Obama presidential administration, it was clear that Washington sided with Ukraine, but President Donald Trump wants to improve ties to Moscow. That could encourage the latter to turn the situation back in its favor. Such tensions could boost the prices of industrial metals, given the strong role both countries have in mining.

Barclays Bank PLC has come up with a chart outlining some of the potential black swan events, as summarized below. Note, the threat type is what is affected by the potential black swan event. So, in the case of oil, its price would go up if the U.S. and Iran clash. The black swan in that case would be the spark that leads to the clash.

There is no way to assess the probability of such periodic rare events using scientific methods. By definition, a black swan event has a very low probability of occurring. Iteludes mathematics and statistics. Thus, an airplane crashing into the World Trade Center on September 1, 2001 was a black swan event.

Arguably, the discovery of how to make fire was a black swan, as was the big bang of the Big Bang Theory. In the purely financial context, black swans are rare. The 2007/2008 financial crisis was not a black swan, for example. It was all too predictable to those who had access to the information, or those willing to consider it.

Yet, most investors who work 40 hours a week have little time to check every detail that could affect their portfolios and retirement savings. To themthat is, to most peoplethe 2008 subprime crash certainly had the impact of a black swan. By stretching or altering the definition of black swan, we can analyze them to see where is the stock market headed.

A true black swan will make mincemeat of any stock market prediction. But the more liberally defined black swan event, described above as a heavy-impact event, can be very useful.

It turns out that 2017 will be a year dense with such heavy-impact events.

The first of these foreseeable black swans concerns the Trans-Pacific Partnership (TPP). It took years to negotiate and achieve, but it also took just one signature from Donald Trump to terminate the U.S.s participation. That was no black swan, however. Trump said he would scrap the deal during the election campaign.

The scrapping of the TPP will have consequences; it could spark a cascading chain of high-impact events. Given the global impact of these events, they will affect the stock markets. They can also produce a black swan, but we can only examine and predict events as the conclusion of ongoing processes.

To be clear, the end of the TPP is a hugedeal. Major investment banks like Goldman SachsGroup Inc (NYSE:GS)and the World Economic Forum (WEF)which just met at Davos a few weeks agofeared this. The reason for their worry is that, at the stroke of a pen, Trump has inaugurated a new era of protectionism.

Protectionism will be a major threat to the world economy in 2017. The risk that Trump would ditch the TPP agreement was well known months before the U.S. election. The TPP is such a threat because it compounds the effects of the Brexit which, while not a black swan per se, are unclear. Its not even clear whether the U.K. will go along with it.

The TPP and Brexit are mere reflections of the protectionist trend that should concern all investors. They reflect the fact that populist movements are strengthening. Yet, all the while, the migration crisis continues and the risk that many fear is another series of terrorist attacks. Again, these are not black swans in themselves, but they provide the basis for one.

Meanwhile in Asia, there is another known risk that could produce predictable and unpredictablehence black swanrepercussions. Chinas economy could implode because of unsustainable levels of debt. The Chinese debt bomb could slow Chinas economy and become an obstacle to global economic growth.

The geopolitical realm has within it the seeds of many risks for humanity in 2017. These include terrorist attacks and the inter-state conflicts resulting from the rising problems of regional and global ungovernability. International institutions will need to negotiate and work together to solve geopolitical and economic problems in 2017.

The geopolitical litany of risks with black swan potential is unprecedented in 2017. The closest period like this that comes to mind is World War 1. The worlds superpowers were experiencing a protectionist-fueled suspicion of each other. Meanwhile, rapidly changing technology on one hand and rapidly advancing revolutionary social movements on the other mixed to create economic and political TNT.

The black swan component that nobody could have predicted was a young man in Serbia called Gavrilo Princip. He murdered the archduke Franz Ferdinand, sending the spark that set off the TNT. That event on June 28, 1914 was unpredictable, and its timing and context produced World War 1, the risks of which had become rather obvious in the first decade of the 20th century.

That odd sensation that many investors get every day now reflects a similar scenario today. The next Black Swan event might be that one that sparks World War 3.

In 2016, Russia, South Africa and many other countries have withdrawn from the International Criminal Court (ICC). Meanwhile, China has refused to accept the ICCs verdict on the territories in the South China Sea.

Trump has threatened to terminate the contract with Iran. Even if an agreement is reached over Syria and ISIS is defeated, the sentiment that produced the latter movement and the tensions in Syria remains. It will not simply vaporize.

ISIS might be gone, but its ideology has the advantage that anyone can adopt it. The mixture of dissent and mistrust that is brewing among the world powers has already paralyzed the United Nations (UN).

Meanwhile, the European Union (EU), which was formed after World War 2to act as a guarantee that no such war could break out again, has began to disintegrate.

Among the factors contributing to geopolitical tension is a deficit of trust. Countries accuse each other of interfering in their internal affairs. Look no further than the allegations from the U.S. Democratic Party that Russia interfered in the November presidential election to ensure that Trump would win.

In effect, nobody has proven that Russia was behind the WikiLeaks release of the John Podesta e-mails. But the media, many Americans, and others around the world have blamed Russia, fueling the mistrust among nuclear superpowers. In such an atmosphere, any number of events could turn out to be black swans for the next major international conflict.

Black swan events would only reveal themselves in retrospect after analysis of the one cause that sparked it. That is, if any analysts live to study it. Such black swans may result from the socio-economic risks like mass migration, the critical increase in inequality, and the polarization of society along ethnic, religious and cultural factors that could seriously complicate the situation in 2017.

The results of the U.K. Brexit referendum and the U.S. presidential election have shown that such factors seriously affect the situations in different countries. Then there is an escalating arms race involving the United States, Russia and, now China.

The risk of a black swan in the arms race context could certainly play on the explosive geopolitical context. The current arms race involves military robotics and artificial intelligence (AI). Drones are merely an early generation of the military-technological evolution.

Robot soldiers are no longer the figment of a science-fiction writers imagination. In 2017, we are already bombarded by technological risks. Consider cyberattacks alone. These can take the form of fraud and data theft, defects in software that can cause a failure in the energy sector (nuclear reactor meltdown), transport, communications, etc.

Moreover, the rapid development of new technologies and robotics will make human labor increasingly obsolete. The fact that this coincides with an ever-growing population presents huge risks for unemployment and social instability. Therefore, it is the perfect storm for massive social unrest.

On top of that are otherrisks, such as natural disasters. These are virtually impossible to avoid. For all other risks, we can study processes and developments, trying to make sense of them. At best, we can predict what systems could be affected by a black swan event, although nobody knows what form this will take.

The very unpredictability of black swans is the stuff of intense philosophical debate. The unexpected is what moves the world forward (or backward). The advent of the Internet was a black swan. Designed as a military communications and security tool, nobody could have foreseen the role it has come to play in modern life and business.

Life rarely works exactly as you plan it. We must learn to live with uncertainties and deal with the unexpected. Black swans are reminders that, despite the combination of technological wonders, forecasting tools, and organizational devices, we are not able to defeat nature and chaos.

Therefore, its impossible to have an accurate stock market forecast based on black swans. But we can still analyze and pay attention to the kinds of risks from where black swans might arise, or where they may have an impact.

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Opinion: The Relevance of Orwell’s 1984 – Emertainment Monthly (registration) (blog)

Posted: at 3:53 pm

Haley Saffren 20 /Emertainment Monthly Staff Writer

In 1949, George Orwell created a classic novel about a dystopian society that takes place in, what seemed at the time, a futuristic version of the year 1984. The story follows a man named Winston who is entrenched in a corrupt society that uses lies and propaganda to ensure that its citizens follow the Inner Party without any questions. Winston harbors a strong hatred for the party and yearns for a rebellion to one day overthrow it. When Donald Trump became president, sales of this book, which has been in publication for many decades, began to spike because of the eerie similarities to what is going on today in the US government. It is not difficult to understand why.

In the novel, extreme oppression of independent thoughts and ideas is rampant, especially if these thoughts and ideas present a challenge to the government. If someone is even suspected of being a traitor to the government, they are manipulated into revealing their position, captured, and tortured. From just the first few weeks of Trumps presidency, his methods seem eerily similar to those of the followers of Big Brother and the Inner Party in 1984. While no one has been treated as harshly by the US government as they were in 1984 (so far), extreme occurrences of discrimination and oppression of freedom of speech already have occurred. Police arrested journalists at Trumps inauguration protests, holding some of them overnight just for doing their jobs.

This was a clear attempt to stop them from reporting accurate accounts of events and highlighting how more people seemed to show up for the protests against the new president than for his inauguration. Trumps administration tried to manipulate the media coverage to trick the public into believing that more people showed up for his inauguration than Obamas in 2009 and 2013. When the Muslim Ban was put forth, Trumps staff tried to say it was not a ban, even though Muslims were being explicitly held at airports and arriving Muslims were sent out of the country. Trumps methods are not as extreme as the atrocities Big Brother committed in 1984, but Trumps administration is showing signs of taking the government down a similar, dark path to the ruling body in the book.

Increased sales may also be due to the fact that some people are scared. They know the near future looks bleak as long as Trump is in power.1984 shows readers how far Trump could go with the power he has. However, this book also reminds us to never stop fighting for civil rights so that the US government cannot take the terrible turn Winstons government did in the novel. If people stop fighting wrongs and exercising their rights, Trump will be allowed to do whatever he wants. Even though most believe it could never happen, it could get to the point where he is willing to torture people who remotely oppose him. In 1984, when Winston was suspected of being a rebel, the government had one of his coworkers pretend to be an ally and gain his trust. Once this so-called friend figured out Winston was against Big Brother, he exposed him.

They tried to change his way of thinking by using torturous methods including electroshock therapy and drastically exposing him to his worst fear (which involved him being nearly eaten by rats). Although this is the worst case scenario, it is still a possibility in our world. The book is a marvelous showcase of what effects a government under the worst form of dictatorship could have on society. Although it is hard to imagine America falling to this level, the US is entering unknown waters and a period of a horrifying use of power.

The increase in sales of 1984 reveals the terror and resolve people are feeling in order to address this dark era. People are trying to understand what government looks like under extreme, oppressive leadership, especially since Trump is already exhibiting these characteristics. Not only is this book informative, but also it gives people hope that things are not as bad as they could be, and, unlike the citizens in 1984, a lot of people in the United States are actively standing up for what they believe is right.

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Cycles and Oppression – Patheos (blog)

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As I get older, Im more and more inclined to see life as a collection of cycles. What goes around, comes around; to everything there is a season, from glorious Spring to blazing Summer, from brilliant Autumn to frozen Winter, to glorious Spring again.

Like the moon, everything waxes and wanes our economies, our schools, our families, our governments large and small even our diets. Sometimes things are going well, sometimes badly. Sometimes things are going marvelously well. Sometimes unbelievably badly. Sometimes a brilliant sunset, sometimes a rainbow, sometimes a snowstorm.

Cultural norms swing from liberal to conservative, from conservative to liberal, and back and forth again; hemlines rise and fall, neckties and lapels grow wider and narrower, beards grow, and are shaved away, and grow again. As a people we seem to move from comfortable to excess, to contraction, to comfortable; from comfortable to belt-tightening, to recovery, to comfortable.

Good government waxes and wanes, too, like the moon.

Powerful people take charge, creating new departments, expanding little empires, taking on bigger and bigger projects until eventually the departments are bloated, the projects are full of hot air, and the bubble bursts, putting good people out of work at the same time as getting rid of deadwood.

Perhaps you see some of this the same way, or perhaps not; you are your own Spiritual Authority.

Someone asked me today how I would respond, as a Wiccan, to our present national situation. Here is my reply:

I call to the powers of Air; I ask that you lend clarity of thought, release of oppressions, a cleansing breeze to blow through the corridors of power and sweep away what does not serve our nation and all its people.

I call to the powers of Fire; I ask that you lend passion to the ideas of liberty and justice, and that you transform the ideas of power-over, of greed, of privilege, of unfair taking; bringing in their place the warmth of shared community and shared resources throughout our nation.

I call to the powers of Water; I ask that you lend gentleness to the deliberations of our legislators, that they enter the flow of caring for the highest good of this land and its many peoples; I ask that you dissolve the barriers that set us to seeing each other as red states and blue states and let us see our common interests and feel our common devotion.

I call to the powers of Earth; I ask that you lend stability and support to our judges and our executives at all levels of government; that you remind them often of this holy ground on which they stand, and lead, and rule our peoples.

Later I realized I had asked for guidance and support from the Elements, but had not made corresponding pledges of my own. So here are some now:

I pledge to be mindful, as I read the news, that not everything published is true, and not everything true is right or fair.

I pledge to be mindful, as I cast my ballots, that not every candidate is honorable and not every candidate will be able to resist the work of lobbyists and horse-traders.

I pledge to use my voice, and the privileges I have been granted, to lift up and amplify the voices of those who bear greater oppressions than my own. I pledge to acknowledge and work to reduce my sense of entitlement and my unearned privilege.

But this post would not be complete without mention of a grave confusion I feel, a grave error I see around me, some important questions whose answers escape me: What is it in our humanness that leads so many of us to act as if we need to oppress some group in order to be sure of our own value? How is it that so many of the people I would naturally love have somehow concluded that they deserve more consideration than people who dont look like them, or who dont believe like them, or even who are a different gender than they are?

And a corollary, whether I can ever answer those questions or not: What can I do to reduce the oppression in which I participate, and to prevent new oppressions from arising?

All around me is reason for despair, but also reason for hope. More of my companions are deeply engaged than Ive seen in decades. More actual work is being done to reduce racism, ageism, sexism, ableism, and what I have to call religionism.

I know, as I said at the beginning, that everything goes in cycles. The pendulum swings, sometimes farther and sometimes more briefly. May the present cycle of oppression and doublespeak be brief, may the hard work continue and may it be effective; may the pendulum swing back toward center, and may we dwell in a fair-minded place longer than before.

So mote it be.

Maggie Beaumont, Halfway to Ostara at the Dark of the Moon

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Disobedience Checks Unjust Laws – The Oberlin Review

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Is it ever acceptable to break the law? This question has gained new urgency under the oppression of the Trump presidency. For example, is it morally acceptable to hide our neighbors and friends from violent deportation raids? Can we destroy government property to slow the progress of unconstitutional proposals like Trumps border wall? How can we stand up against an incompetent administration that refuses to recognize our most basic human rights?

These questions are not new. In fact, this country was founded through lawbreaking when the 13 colonies decided to reject an oppressive government that did not fairly represent their interests. Countless other examples of disobedience from Rosa Parks to the Stonewall Riots that sparked the modern movement for LGBTQ equality have been defining moments in U.S. history.

The key point is this: There is sometimes a difference between what is legal and what is right, and understanding that distinction is a critical part of what it means to be a patriot in the United States. Standing up for ones country does not mean blind obedience. As the famed Civil War General Carl Schurz said, [The U.S. is] my country, right or wrong; if right, to be kept right; and if wrong, to be set right. In some cases, setting the country right may involve working within the system and following the rules, but other times it may not. Perhaps in a perfect world the need for disobedience would not exist, but sadly, this world is far from perfect, and an unjust law is no law at all. Our actions, therefore, must be dictated not by legality but by our conscience.

When the law is found to be lacking in morality, crime can be a powerful force of good. For example, in 2014, a 90-year-old Floridian was repeatedly arrested for feeding the homeless an illegal act punishable with a $500 fine and up to 60 days in jail. This goes to show that the law is not always representative of justice or the will of the people it is simply a tool for the purpose of establishing and maintaining the status quo. However, the act of breaking the law can reject a corrupt status quo, inviting a new status quo to take its place. As a result, disobedience becomes an unofficial last resort in a system of checks and balances.

Now, Im not advocating for anything malicious. Disobeying the law does not necessarily require one to harm another person in any way. In fact, one should be disobedient only when there are no alternatives that may be taken in good conscience, such as in cases of defending oneself or others from police brutality or unjust deportation raids.

Some argue that breaking the law can be detrimental to ones own cause. The alt-right movement has used crimes against white supremacist leaders as propaganda, disguising themselves as victims rather than oppressors. A prominent example of such propaganda is the alt-rights use of the viral video of neo-Nazi Richard Spencer being punched by a protester. Ultimately, it is important to remember that lawbreaking is an inherently risky activity especially for anyone who lacks the protection of social privilege and should not be taken lightly.

So if you choose to break the law in any way, choose an issue that matters one that is worth the consequences, whatever they might be. Productive crime is only necessary because legislation is fallible. Laws are only as fair as the people who write them sometimes less so and if they are not constantly questioned, then our democracy is already lost.

In the end, well-behaved, law-abiding citizens seldom make history. Bystanders are well-behaved. These were the people who shrugged as the slave trade thrived, who allowed the Nazis to commit their atrocities, and who now turn a blind eye to police brutality, immigration raids and the cruelty of the rising alt-right movement, simply because these injustices were or are considered legal. A petition and a nice speech are rarely enough to change the world. Sometimes, when the rules are rigged, the best thing to do is break them.

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Philippine citizens protest Duterte’s drug war on anniversary of dictatorship overthrow – Deutsche Welle

Posted: at 3:53 pm

Thousands of people protested on Saturdayagainst Philippine President Rodrigo Duterte's deadly war on drugs after the arrest of his most high-profile critic.

Duterte's political opponents and left-wing activists transformed a traditional celebration of a "People Power" uprising against dictatorship three decades ago in Manila into a protest march condemning his war on drugs.

The group warned thatDuterte's authoritarian rule could return the country to a dictatorship, demanding an end to the extrajudicial killings thathave claimed more than 7,700 lives in the past seven months.

The military-backed dictatorship of Ferdinand Marcos was toppled in a bloodless "People Power" revolution 31 years ago to the day.

"We are taking the matter seriously. We are warning our people about the threat of rising fascism," Bonifacio Ilagan, who led one of the protests, told news agency AFP.

Protesters warned of a return to conditions under the dictator Ferdinand Marcos

Senator imprisoned

The protesters gathered outside the national police headquarters, where opposition figure Senator Leila de Lima was detained two days ago on charges that she took bribes from imprisoned drug traffickers.

"There is a president who is threatening to reimpose martial law and openly support the killings of thousands of people," de Lima said in a message from her detention cell a day after she was arrested.

"The grim truth: In the last seven months under Duterte, there were more deaths compared to the 14 years of martial law under the Marcos regime."

The former human rights commissioner said her arrest was an effort to silence her and an act of revenge for her decade-long efforts to expose Duterte as the leader of death squads during his time as mayor of the southern city of Davao.

"President Duterte is effectively expanding his drug war from the urban poor to the legislative branch of government," Phelim Kine, deputy Asia director at Human Rights Watch, said in a statement.

Protester Ilagan, a playwright who suffered horrific torture over two years in a police prison under Marcos' martial rule in the 1970s, cited to AFP the "culture of impunity" engendered by Duterte's anti-drug crackdown. More rallies in support of de Lima were organized for later in the evening.

aw/tj (AFP, Reuters)

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Video game gambling arrives in Atlantic City – NorthJersey.com – NorthJersey.com

Posted: at 3:52 pm

Pharaoh's Secret Temple video gaming machine at Tropicana Casino. Noah K. Murray/Special for the Record(Photo: Noah K. Murray/Special to NorthJersey.com)

These video game gambling machines - such as Danger Zone - in Atlantic City are the first of their kind in the U.S.(Photo: Noah K. Murray/Special for the Record)

Thousands of slot machines stillawait visitors to any Atlantic City casino, as they have for almost 40 years.

But at Tropicana and the three Caesars Entertainment casinos, a handful of new machines amidthe slots areintended to lure those seeking a different gambling experience.

The words VIDEO GAME GAMBLING on the sides of the Danger Arena and Pharaohs Secret Temple games beckon patrons, andlast week, the games the first such skill-based gamesat any casinos in North America,game maker GameCo Inc. said attracted some novices.

"Danger Arena is a first-person action game that appeals to a more 'core' gamer audience, similar to XBox games like Call of Duty," said GameCo founder Blaine Graboyes. "Pharaoh's Secret Temple appeals to a more casual audience and is similar to mobile 'match 3' games such as Candy Crush."

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Danger Arena machines debuted in October, while the latter game was just installed at Tropicana last week. Both are now offered at each of the four casinos, with a total of 30 machines.

Part of the goal of the casinos is to getmillennials many of whom play video and social media games regularly but arent attracted to slot machines to spend more time and money because oftheir enjoyment of the games. Atlantic City casinos are eager to find new profit sourcesbecause the city's combined casino revenuehasfallenby more than 50 percent since Pennsylvania and New York opened their casinos near the New Jersey border in 2006. The number of casinos has declined to sevenfrom 12 in 2014.The video games are an example of efforts by state regulators to consider a variety of gambling options to help boostAtlantic City casinos and raise more tax revenue.

Reaching millennials is not just a concern in Atlantic City. The Las Vegas Convention and Visitors Authority saidthe percentage of visitors there who gambled had declined to 71 percent in 2014from 87 percent in 2006. The percentages of those who gamble by age group is telling. Seventy-eightpercent of baby-boomer visitors to Las Vegas gamble, followed by 68 percent ofGeneration Xand 63 percent of millennials.

Graboyessaidvideo games have been around so long that even somepeople in their 40s and 50s are experienced players. (Duringseveral hours at Tropicana and Caesars, no senior citizens were observedeven considering playing the video games.)

"We staff brand ambassadors at the games to answer questions and collect exit interviews, and from that we know that 60 percent of players so far have been under 40 years old," Graboyes said. Graboyes, who founded GameCoin 2015, said in September that the company had raised $8.3 million in venture capital to fund the launch at the Atlantic City casinos.

Peak activity, not surprisingly, has been nights and weekends. Half of the players interviewed said they would not have gambled if not for the video game machines, which Graboyes said bodes well for casino revenue. About 90 percent of the money gambled has gone back to the players, Graboyes added, which is similar to what casinos pay back on slot machines.

Atlantic City was chosen as the first location for the games,Graboyes said, to pay homage to his childhood visits to Atlantic City from Bucks County, Pa.

This is the first time Ive seen something like this, so I figured Id give it a try it looks kind of fun, said Kayla Jones, 30, of New Haven, Conn., after a couple of rounds of Danger Arena. Guys will definitely like this.

Another millennial, Mike Wasyliszyn of Carteret, looked over the Danger Arena games but then walked away.

I like to gamble, but I wouldnt gamble over video games its two totally separate things, Wasyliszyn said. I play Xbox and I like video games, but if I want to do that, Ill just stay home. Here, I prefer games like blackjack or craps.

Justin Miele, 38, of New Rochelle, New York, perused the games as well but said he declined because he is not a big video gamer.

I have some friends who would be interested in this, though, Miele said. Thing is, I havent seen anyone actually playing it yet.

Indeed, the games drew little notice at Tropicana at lunchtime on Feb. 17, a Friday, even with the PresidentsDay holiday weekend ahead.

Carlyn Davis of Queens, though, did take a chance on Pharaohs Secret Temple.

Ive played this type of game on my [smart]phone, Davis said. I have younger relatives who play slots, but theywould prefer to do this, I think.

I like to gamble, but I wouldnt gamble over video games its two totally separate things. I play Xbox and I like video games, but if I want to do that, Ill just stay home. Here, I prefer games like blackjack or craps.

Yeong Kim, who was visiting from Fairfax, Virginia, said he didnt much care for Pharaohs Secret Temple after a few tries at Caesars. (Ballys and Harrahs also offer the games).

My wife likes it more she says its like Candy Crush, Kim said. My kids would love it, though;they are 27 and 25. Ill tell them about it.

David Gargaro of Baltimore found that the Temple game reminded him of Bejeweled, another popular video game.

But theres too much skill involved, Gargaro, 30, said with a laugh. Its more daunting when youre gambling with real money, I suppose.

Only Jason Mejzak, 42, of Williamstown,in Gloucester County, found his experience so unappealing that he has written off the games for good.

The screen doesnt work, its too greasy, Mejzak said.

Players can choose five price points from 50 cents to $20 with either game. With Danger Arena, players must wipe out seven 'botsin 45 seconds to break even while knocking off 10 of the cartoon robots gets you 25 times your money.

There are 10,000 unique maps, or virtual locations, with Danger Arena each with a different level of difficulty. That means that as with poker and blackjack, luck as well as skill plays a role because an easy board could lead to easy money, while even a very skilled player could be overmatched by one of the most difficult maps. The maximum payout in one game on Danger Arena is $5,500,if a player lucks into the maximum instant cash prize of $5,000, then bets $20 and knocks off 10 or more 'bots to win 25 times his or her bet.

Graboyes said he plans to roll out more new games racing and martial arts fighting are among the other types and inmore locations overthe course of the year. Some of the new sites will be other Atlantic City casinos.

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Pie pools and filo flutters: the world of pastry gambling is upon us – Telegraph.co.uk

Posted: at 3:52 pm

One slow day in the royal kitchens, the sous chef turned to the pastry chef and said: I bet you sixpence you couldnt bake four-and-twenty blackbirds in a pie.

Youre on, the pastry chef replied, dusting his rolling pin with flour. And we all know how that story ended with the maid being rushed to A&E with a severely pecked nose. One moral you can draw from this is that frivolous bets are bound to lead to trouble. Wayne Shaw, the roly-poly substitute goalie for Sutton United might think so, after his scoffing of that steak pie in the 83rd minute of the cup-tie against Arsenal last week led to his resignation. There was a whiff of scandal (as well as hot pastry) about it, because a betting company had offered odds of 8-1 against Wayne doing just that.

I think the true lesson we can draw here is that pastry is much more interesting than football; a burning-hot steak pie, straight from...

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Should Quebec’s Alzheimer’s patients be eligible for euthanasia? – BioEdge

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Quebec is about to embark upon a debate on the involuntary euthanasia of demented elderly after a 55-year-old man in Montreal allegedly smothered his Alzheimers stricken wife and posted what he had done on Facebook. Michel Cadotte was charged with second-degree murder after his 60-year-old wife died in an assisted care facility.

He said on Facebook that he had "cracked" and "consented to her demands to help her die." Although the facts are not clear yet, the media has reported that the woman requested medical aid in dying but was refused.

Under Quebecs 2015 law, euthanasia for the demented is specifically excluded. A person who makes a request for medical assistance in dying must be capable of consent, Jean-Pierre Mnard, a Montreal medical lawyer, told the Montreal Gazette. This means the patient must understand their state of health and can express their will. A patient with advanced Alzheimers no longer has the capacity to consent, no longer has the cognitive capacity to understand.

The Gazette reports that Quebec parliamentarians now want to open a public debate on legalizing euthanasia for persons unable to give informed consent. This debate about extending eligibility for euthanasia is happening just a bit more than a year after the law came into effect.

The Quebec Alzheimers Society contends that demented patients need to be protected. "It's very difficult with the complexity of dementia to know for sure what a person with dementia would want today," April Hayward, of the Society told CTV News. "They may have expressed a wish ten years ago and do we know for certain that's what they would want today?"

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Should Quebec's Alzheimer's patients be eligible for euthanasia? - BioEdge

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APA Position on Medical Euthanasia – Psychiatric Times

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Early in December 2016, the American Psychiatric Association (APA) Board of Trustees passed an historic Position Statement that originated in the Assembly and was unanimously supported by the APA Ethics Committee:

The APA, in concert with the American Medical Associations position on Medical Euthanasia, holds that a psychiatrist should not prescribe or administer any intervention to a non-terminally ill person for the purpose of causing death.

This position is now one of the strongest of any medical organization in the world regarding the practice of physician-assisted suicide by prescription medication or euthanasia by lethal injection (PAS/E) for those with non- terminal conditions. This is not just a theoretical possibility that might occur along a slippery slope following legalization of PAS/E for terminal illnesses. People with non-terminal illnesses have been legally euthanized at their own request in several countries for nearly 15 years. This has included certain eligible patients who have only psychiatric disorders.

In 2002, Belgium, the Netherlands, and Luxembourg removed any distinctions between terminal and non-terminal conditions, and between physical suffering and mental suffering, for legally permitted PAS/E. That was when patients with psychiatric disorders became eligible for this right in these countries. Independent consultants have to declare their condition untreatable, and the patient needs to declare it to be insufferable.

In the Netherlands, for example, for psychiatric-only cases, at least 1 consultant is required, but 3 are suggested. At least one should be a psychiatrist but does not have to be.

However, the patient can weigh in regarding the untreatable criterion as well. It is not based solely on what physicians have to offer, but on what the patient wishes to accept. For example, though potentially effective treatments may be offered, such as ECT, MAOIs, residential treatment, transcranial magnetic stimulation, and vagus nerve stimulation, competent patients may refuse these offers. That choice could make their case untreatable. So patients can rule on both the untreatable and insufferable axes; physicians can only opine on the former.

In the Netherlands, lethal injections are the most commonly used method to fulfill an approved patients death wish. This is often administered by the patients treating psychiatrist at home, in the office, or in specialized Levenseinde Klinieks (End of Life Clinics). Between 2008 and 2014, more than 200 psychiatric patients were euthanized by their own request in the Netherlands (1% of all euthanasia in that country): 52% had a diagnosis of personality disorder, 56% refused one or more offered treatments, and 20% had never even had an inpatient stay (one indication of previous treatment intensity). When asked the primary reason for seeking PAS/E, 66% cited social isolation and loneliness. Despite the legal requirement for agreement between outside consultants, for 24% of psychiatric patients euthanized, at least one outside consultant disagreed.

Some remarkable stories have been profiled in the Dutch media. For example, a woman was granted euthanasia for chronic PTSD due to childhood sexual abuse. The arguments based on personal autonomy to justify such access to PAS/E are being pushed even further in the Netherlands. Ministers of Health and Justice have proposed to their Parliament that criteria not be limited to medical conditions, but be extended to average citizens who feel they have lived completed lives.

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APA Position on Medical Euthanasia - Psychiatric Times

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Once Euthanasia Voluntary, It’ll Become Irresistible, Ask the Dutch; Real Humility; and More! – National Catholic Register (blog)

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Click on Once Euthanasia Voluntary, Itll Become Irresistible, Ask the Dutch link to read more.

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Once Euthanasia Voluntary, It'll Become Irresistible, Ask the Dutch; Real Humility; and More! - National Catholic Register (blog)

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