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Daily Archives: July 18, 2021
Is 57 a prime number? Theres a game for that. – MIT Technology Review
Posted: July 18, 2021 at 5:42 pm
The Greek mathematician Euclid may very well have proved, circa 300 BCE, that there are infinitely many prime numbers. But it was the British mathematician Christian Lawson-Perfect who, more recently, devised the computer game Is this prime?
Launched five years ago, the game surpassed three million tries on July 16or, more to the point, it hit run 2,999,999after a Hacker News post generated a surge of about 100,000 attempts.
The aim of the game is to sort as many numbers as possible into prime or not prime in 60 seconds (as Lawson-Perfect originally described it on The Aperiodical, a mathematics blog of which hes a founder and editor).
A prime number is a whole number with precisely two divisors, 1 and itself.
Its very simple, but infuriatingly difficult, says Lawson-Perfect, who works in the e-learning unit in Newcastle Universitys School of Mathematics and Statistics. He created the game in his spare time, but its proved useful on the job: Lawson-Perfect writes e-assessment software (systems that evaluate learning). The system I make is designed to randomly generate a maths question, and take an answer from the student, which it automatically marks and gives feedback on, he says. You could view the primes game as a kind of assessmenthes used it when doing outreach sessions in schools.
He made the game slightly easier with keyboard shortcutsthe y and n keys click the corresponding yes-no buttons on the screenin order to save mouse-moving time.
Give it a whirl:
Prime numbers have practical utility in computingsuch as with error-correcting codes and encryption. But while prime factorization is hard (hence its value in encryption), primality checking is easier, if tricky. The Fields Medalwinning German mathematician Alexander Grothendieck infamously mistook 57 for prime (the Grothendieck prime). When Lawson-Perfect analyzed data from the game, he found that various numbers exhibited a certain Grothendieckyness. The number most often mistaken for a prime was 51, followed by 57, 87, 91, 119, and 133Lawson-Perfects nemesis (he also devised a handy primality-checking service: https://isthisprime.com/2).
The most minimalistic algorithm for checking a numbers primeness is trial divisiondivide the number by every number up to its square root (the product of two numbers greater than the square root would be greater than the number in question).
However, this nave method is not very efficient, and neither are some other techniques devised over the centuriesas the German mathematician Carl Friedrich Gauss observed in 1801, they require intolerable labor even for the most indefatigable calculator.
The algorithm Lawson-Perfect coded up for the game is called the Miller-Rabin primality test (which builds on a very efficient but not ironclad 17th-century method, Fermats little theorem). The Miller-Rabin test works surprisingly well. As far as Lawson-Perfect is concerned, its basically magicI dont really understand how it works, but Im confident I could if I spent the time to look at it more deeply, he says.
Since the test uses randomness, it produces a probabilistic result. Which means that sometimes the test lies. There is a chance of uncovering an imposter, a composite number that is trying to pass as prime, says Carl Pomerance,a mathematician at Dartmouth College and coauthor of the book Prime Numbers: A Computational Perspective. The chances of an imposter slipping through the algorithms clever checking mechanism are maybe one in a trillion, though, so the test is pretty safe.
But as far as clever primality checking algorithms go, the Miller-Rabin test is the tip of the iceberg, says Pomerance. Notably, 19 years ago, three computer scientistsManindra Agrawal, Neeraj Kayal, and Nitin Saxena, all at the Indian Institute of Technology Kanpurannounced the AKS primality test (again building upon Fermats method), which finally provided a test for unequivocally proving that a number is prime, with no randomization and (theoretically, at least) with impressive speed. Alas, fast in theory doesnt always translate to fast in real life, so the AKS test isnt useful for practical purposes.
But practicality isnt always the point. Occasionally Lawson-Perfect receives email from people keen to share their high scores in the game. Recently a player reported 60 primes in 60 seconds, but the record is more likely 127. (Lawson-Perfect doesnt track high scores; he knows there are some cheaters, with computer-aided attempts that produce spikes in the data.)
The 127 score was achieved by Ravi Fernando, a mathematics graduate student at the University of California, Berkeley, who posted the result in July 2020. Its still his personal best and, he reckons, the unofficial world record.
Since last summer, Fernando hasnt played the game much with the default settings, but he has tried with customized settings, selecting for larger numbers and allowing longer time limitshe scored 240 with a five-minute limit. Which took a lot of guesswork, because the numbers got into the high four-digit range and Ive only ever memorized primes up to the low 3,000s, he says. I suppose some would argue even that is excessive.
Fernandos research is in algebraic geometry, which involves primes to some extent. But, he says, my research has more to do with why I stopped playing the gamethan why I started (he started his PhD in 2014). Plus, he figures 127 would be very hard to beat. And, he says, it just feels right to stop at a prime-number record.
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Biden battles Russian hacking groups with restrictions on IT firms – Reuters
Posted: at 5:42 pm
A fence surrounds the U.S. Department of Commerce in Washington October 5, 2013 REUTERS/Mike Theiler
WASHINGTON, July 16 (Reuters) - The United States on Friday took a new stab at Russia's cybersecurity industry, restricting trade with four information technology firms and two other entities over "aggressive and harmful" activities - including digital espionage - that Washington blames on the Russian government.
A Commerce Department posting said the six entities were sanctioned by the U.S. Treasury Department in April, which targeted companies in the technology sector that support Russian intelligence services.
Their addition to the Commerce Department's blacklist means U.S. companies cannot sell to them without licenses, which are seldom granted.
The announcement follows April's sanctions, which were aimed at punishing Moscow for hacking, interfering in last year's U.S. election, poisoning Kremlin critic Alexei Navalny and other alleged malign actions - allegations the Kremlin denies.
They come as the United States is responding to a drumbeat of digital intrusions blamed on Russian government-backed spies and a spate of increasingly disruptive ransomware outbreaks blamed on Russian cybercriminals.
The entities added to the blacklist are Aktsionernoe Obshchaestvo AST; Aktsionernoe Obshchestvo Pasit; Aktsionernoe Obshchestvo Pozitiv Teknolodzhiz, also known as JSC Positive Technologies; Federal State Autonomous Institution Military Innovative Technopolis Era; Federal State Autonomous Scientific Establishment Scientific Research Institute Specialized Security Computing Devices and Automation (SVA); and Obshchestvo S Ogranichennoi Otvetstvennostyu Neobit.
Era is a research center and technology park operated by the Russian Ministry of Defense; Pasit is an IT company that did research and development in support of Russia's Foreign Intelligence Service's malicious cyber operations; SVA is a Russian state-owned institution that also supported malicious cyber operations; and Russia-based IT security firms Neobit, AST and Positive Technologies have clients that include the Russian government, according to the United States.
Positive Technologies said the Commerce Department's announcement had no new information and that the company engaged in the "ethical exchange of information with the professional information security community" and had never been involved with an attack on U.S. infrastructure.
The other entities either did not immediately respond to requests for comment or could not be reached.
The restrictions against the Russian technology industry have been in the works for months. The same day that the Treasury sanctions were announced, then-Assistant Attorney General John Demers told reporters that officials were in the process of evaluating dozens of Russian companies for possible referral to the Commerce Department.
Demers said investigators would be looking at "a known connection between a particular company and the Russian intelligence services" as they evaluated whether a company was a risk. Non-Russian companies that had back office operations in Russia would also be examined, he said.
The United States adds entities to the Commerce Department's trade blacklist that it says pose a risk to U.S. national security or foreign policy interests.
Reporting by Karen Freifeld; additional reporting by Raphael Satter in Washington and Anton Zverev in Moscow; editing by Howard Goller and Dan Grebler
Our Standards: The Thomson Reuters Trust Principles.
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Eggo gets inspired by technology as they introduce their new Eggoji Waffles – Guilty Eats
Posted: at 5:42 pm
NEW YORK, NY - FEBRUARY 19: Boxes of Eggo Waffles sit for sale at the Metropolitan Citymarket on February 19, 2014 in the East Village neighborhood of New York City. Kellogg, maker of Eggo waffles, has announced that it will only buy palm oil - a minor ingredient in Eggo Waffles - from companies that don't destroy rainforests where palm trees are grown. Palm oil is used in many processed foods. (Photo by Andrew Burton/Getty Images)
Love emojis? Enjoy waffles? Then you are going to love this latest innovation from Eggo, as they introduce their new Eggoji Waffles!
Its a classic waffle taken to the next level the way only Eggo knows how to do. And what that means is that we get a waffle that is one side syrup and butter catching squares and one side emoji magic.
These Eggoji waffles give us any number of faces to chow down on including some of our favorite classics. In the box that we devoured our favorites were the winky face emoji, the heart eyes, and even the star eyes emoji.
And while it kind of reminded me of a waffle and a pancake having a baby, these Eggoji Waffles really are like enjoying a classic Eggo Waffle with the added fun of an emoji printed on one side. They are still just as crispy as we want, with a fluffy, homestyle center. And yes, they are still the perfect vehicle for syrup and butter!
Each of these boxes comes with 10 waffles and will cost us $2.89 depending on your grocery store. And yes, these are a nationwide release, so you should be able to find them in a retailer near you.
As Chew Boom shared, the added bonus of snagging boxes of both Eggoji Waffles and classic Eggo Waffles is the fact that in honor of this launch, the brand will be celebrating this tasty innovation by donating up to half a million breakfasts to No Kid Hungry.
It really seems like a win-win situation. Not only do we get tasty waffles that channel our love of emojis, but doing so will help support a good cause at the same time.
What do you think Guilty Eaters? Are you going to be grabbing a box of Eggoji Waffles? Let us know in the comments.
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The lurking threat to solar powers growth – MIT Technology Review
Posted: at 5:41 pm
This could soon become a broader problem as well.
California is a little sneak peek of what is in store for the rest of the world as we dramatically scale up solar, says Zeke Hausfather, director of climate and energy at the Breakthrough Institute, and author of the report.
Thats because while solar accounts for about 19% of the electricity California generates, other regions are rapidly installing photovoltaic panels as well. In Nevada and Hawaii, for instance, the share of solar generation stood at around 13% in 2019, the study found. The levels in Italy, Greece and Germany were at 8.6%, 7.9% and 7.8%, respectively.
So far, heavy solar subsidies and the rapidly declining cost of solar power has offset the falling value of solar in California. So long as it gets ever cheaper to build and operate solar power plants, value deflation is less of a problem.
But its likely to get harder and harder to pull off that trick, as the states share of solar generation continues to climb. If the cost declines for building and installing solar panels tapers off, Californias solar deflation could pull ahead in the race against falling costs as soon as 2022 and climb upward from there, the report finds. At that point, wholesale pricing would be below the subsidized costs of solar in California, undermining the pure economic rationale for building more plants, Hausfather notes.
The states SB 100 law, passed in 2018, requires all of Californias electricity to come from renewable and zero-carbon resources by 2045. By that point, some 60% of the states electricity could come from solar, based on a California Energy Commission model.
The Breakthrough study estimates that the value of solaror the wholesale average price relative to other sourceswill fall by 85% at that point, decimating the economics of solar farms, at least as Californias grid exists today.
There are a variety of ways to ease this effect, though no single one is likely a panacea.
The solar sector can continue trying to find ways to push down solar costs, but some researchers have argued it may require shifting to new materials and technologies to get to the dirt-cheap levels required to outpace value deflation.
Grid operators and solar plant developers can add more energy storageand increasingly they are.
Researchers at Lawrence Berkeley National Laboratory highlighted similarly declining solar values in California in a broader study published in Joule last month. But they also noted that numerous modeling studies showed that the addition of low cost storage options, including so called hybrid plants coupled with lithium-ion batteries, eases value deflation and enables larger shares of renewables to operate economically on the grid.
There are likely limits to this, however, as study after study finds that storage and system costs rise sharply once renewables provide the vast majority of electricity on the grid.
States or nations could also boost subsidies for solar power; add more long-distance transmission lines to allow regions to swap clean electricity as needed; or incentivize customers to move energy use to times of day that better match with periods of high generation.
The good news is that each of these will help to ease the transition to clean electricity sources in other ways as well, but theyll also all take considerable time and money to get underway.
The California solar market offers a reminder that the climate clock is ticking.
This story was updated to add details from the Joule study.
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The lurking threat to solar powers growth - MIT Technology Review
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Flush with unicorns, India’s technology moment arrives, but not without concerns – Taipei Times
Posted: at 5:41 pm
Last week marked a watershed for technology start-ups in India, as a record bout of fundraising shifted attention to the worlds second-most populous market, just as investors were becoming spooked by a crackdown on Internet companies in China.
Food delivery app Zomato Ltd became the nations first unicorn to make its stock market debut, raising US$1.3 billion with backing from Morgan Stanley, Tiger Global and Fidelity Investments. The parent of digital payments start-up Paytm filed a draft prospectus for what could be Indias largest IPO at US$2.2 billion, while retailer Flipkart Online Services Pvt raised US$3.6 billion at a US$38 billion valuation, a record funding round for an Indian start-up.
Indian entrepreneurs have been quietly building start-ups for a decade now, the countrys Internet infrastructure has vastly improved in that time and theres a very good appetite for tech stocks globally, said Hans Tung (), the Silicon Valley-based managing partner of GGV Capital, which manages US$9.2 billion in assets. Investors are beginning to see the huge upside, and they expect India to be a China.
Unlike China, where online usage is much more developed, many of Indias 625 million Internet users are just dipping their toes into the world of video streaming, social networking and e-commerce. Opportunities in online shopping are particularly attractive, as e-commerce accounts for less than 3 percent of retail transactions.
Indias population is expected to overtake Chinas this decade, and the mood among investors could not be more different in the neighboring nations. China is reining in its tech companies, wiping over US$800 billion off market valuations from a February peak and shaving billions off the net worth of its most famous entrepreneurs. The clampdown is expected to continue, as regulators curb the power of Internet companies and wrest back control of user data.
Indian tech companies can attract global investors whove burnt their hands in Chinese tech companies, said Nilesh Shah, group president and managing director at Kotak Mahindra Asset Management Co in Mumbai.
The successful listing of a few loss-making start-ups could lead to re-rating of many existing companies and send the market higher, he said.
India had a record US$6.3 billion of funding and deals for technology start-ups in the second quarter, while funding to China-based companies dropped 18 percent from a peak of US$27.7 billion in the fourth quarter of last year, according to data from research firm CB Insights.
Optimism about India is tempered, as one of the worst COVID-19 outbreaks in the world threatens to erode decades of economic gains, with more than 31 million infections and 413,000 deaths in the country. At least 200 million Indians have regressed to earning less than the US$2.30 minimum daily wage, Azim Premji University estimates, while the middle class shrank by 32 million last year, according to the Pew Research Institute.
Nor are investors in India free of political risks. Technology start-ups also face a tightening regulatory regime with government clamping down on foreign retailers, social media giants and streaming companies. A new bill on data ownership and storage is expected to be presented in an upcoming parliament session. If passed, it would restrict the ways they can handle user information.
Some analysts are also concerned that stock markets are in a bubble waiting to burst, and that many company valuations are far above their fundamentals. They caution that retail investors in new-age companies that have yet to generate profits should look beyond traditional value measures such as EPS and P/E, and must be able to assess factors such as investment in building a loyal customer base as the start-ups scale up.
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How effective is technology in education? – The New Indian Express
Posted: at 5:41 pm
In 1922, the prolific American inventor Thomas Alva Edison predicted that the "movie screen willsupplant the blackboard and the motion picture film will take the place of textbooks" in schools within 20 years. Education did not unfold the way Edison had imagined.
One century later, the internet and digital technology are expected to revolutionise education, with the pandemic providing a context and urgency to it. Placed at the interface of humans and machines, the path for technology in education - ed-tech - is far from seamless. In contrast to the hype surrounding ed-tech, the experiences of teachers and students since March 2020 call for restrained enthusiasm.
A lot has been written about students lacking tech devices and struggling with erratic internet connections. According to some internal surveys within IITs and IISERs, 10-20 per cent of students lack access to devices.
This is just one among a plethora of issues. The unplanned shift to online classes began last year in all the higher educational institutions. As we complete a third semester in online mode, screen fatigue has definitely set in among most teachers and students.
Both miss the interactions, feedback and peer learning environment. Faculty spend far more time than usual on class preparations, effectively constraining research time. Fair student assessments remain an outstanding issue.
The attendance for live online classes across institutions that used to be 60-80 per cent of class strength a year ago has consistently dropped and now stands at about 10-20 per cent. If this appears anecdotal, the global experience with massive open and online courses (MOOC) reinforces similar trends for reasons ranging from a lack of peer environment to commitment and screen fatigue.
Massive Open Online Courses were thought to be a game changer for higher education that The New York Times designated 2012 as the year of MOOCs. But they suffer from poor completion rates, even for courses offered by top universities such as Harvard and MIT.
On average, less than 20per cent of learners complete a course with certification and less than 10 per cent watch all the recorded video content. In India, the National Programme on Technology Enhanced Learning (NPTEL), funded by the Ministry of Education, is relatively successful in attracting more than 20 lakh students every semester to its online courses.
However, the completion rates with certification remain low at less than 10 per cent. To attract more students, NPTEL has allowed the credits to be transferred to their degree programmes along with internships for toppers. In contrast, many commercial MOOC start-ups in the US also offer online degrees jointly with an established university.
These attracted enthusiastic initial investor funding but have not lived up to that hype. Coursera, a major MOOC provider founded by two Stanford university faculty in 2012, is valued at USD 2.5 billion but is yet to rake in profits.
Against this backdrop, India's ed-tech platforms are indeed witnessing rapid growth towards the predicted $30 billion market by the next decade. Nothing showcases this growth better than the ed-tech company that has risen to become the official sponsor of India's cricket team.
This growth rides on the back of coaching for fiercely competitive entrance exams such as the IIT-JEE and NEET, rather than as an alternative model for conventional classes. The dichotomy is apparent as many ed-tech companies focus on the coaching classes and online STEM degrees, while the basic school and college classes, often with poor physical infrastructure, await government interventions to infuse technology.
Before the government invests its scarce resources into technology upgradation, the collective experience of online classes must inform policymaking. Many expensive gadgets bought last year did not live up to expectations and were discarded. Ironically, teaching with technology tools is seen as cumbersome, requiring more preparation time without value addition and not always effective for students.
These experiences, a wealth of pedagogy experiments and outcomes, must be assimilated into the evolving ed-tech landscape. The government must push the ed-tech entities to heed these voices and avoid mindless adoption of technology and practices unworkable in the Indian context.
The online engagements since 2020 reveal that technology alone is no panacea for the problems of education. It can be an excellent support system in the hands of competent teachers in a peer learning environment.
Their absence cannot be compensated by prolonged exposure to electronic devices. Thirty years after Edison's prophecy, the American science fiction author Isaac Asimov wrote a futuristic story set in 2157 when school is a video screen with mechanical teachers.
The little girl in the story discovers that old-style physical school must have been a fun place to learn. Judicious use of technology can preserve the fun in learning. It is imperative to strike a right balance.
(The writer is Professor of physics at Indian Institute of Science Education and Research, Pune and can be reached at santh@iiserpune.ac.in)
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EXCLUSIVE J&J exploring putting talc liabilities into bankruptcy-sources – Reuters
Posted: at 5:41 pm
A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. REUTERS/Mike Segar/Illustration/File Photo/File Photo
July 18 (Reuters) - Johnson & Johnson (JNJ.N) is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter.
During settlement discussions, one of the healthcare conglomerates attorneys has told plaintiffs lawyers that J&J could pursue the bankruptcy plan, which could result in lower payouts for cases that do not settle beforehand, some of the people said. Plaintiffs lawyers would initially be unable to stop J&J from taking such a step, though could pursue legal avenues to challenge it later.
J&J has not yet decided whether to pursue the bankruptcy plan and could ultimately abandon the idea, some of the people said. Reuters could not determine whether J&J has retained restructuring lawyers to help the company explore the bankruptcy plan.
J&J faces legal actions from tens of thousands of plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer. The plaintiffs include women suffering from ovarian cancer and others battling mesothelioma.
Johnson & Johnson Consumer Inc. has not decided on any particular course of action in this litigation other than to continue to defend the safety of talc and litigate these cases in the tort system, as the pending trials demonstrate, the J&J subsidiary housing the companys talc products said in a statement provided to Reuters. J&J declined further comment.
Should J&J proceed, plaintiffs who have not settled could find themselves in protracted bankruptcy proceedings with a likely much smaller company. Future payouts to plaintiffs would be dependent on how J&J decides to fund the entity housing its talc liabilities.
J&J is now considering using Texas's divisive merger law, which allows a company to split into at least two entities. For J&J, that could create a new entity housing talc liabilities that would then file for bankruptcy to halt litigation, some of the people said.
The maneuver is known among legal experts as a Texas two-step bankruptcy, a strategy other companies facing asbestos litigation have used in recent years.
J&J could also explore using another mechanism to effectuate the bankruptcy filing besides the Texas law, some of the people said.
A 2018 Reuters investigation found J&J knew for decades that asbestos, a known carcinogen, lurked in its Baby Powder and other cosmetic talc products. The company stopped selling Baby Powder in the U.S. and Canada in May 2020, in part due to what it called misinformation and unfounded allegations about the talc-based product. J&J maintains its consumer talc products are safe and confirmed through thousands of tests to be asbestos-free.
The blue-chip company, which boasts a roughly $443 billion market value, faces legal actions from more than 30,000 plaintiffs alleging its talc products were unsafe. In June, the U.S. Supreme Court declined to hear J&Js appeal of a Missouri court ruling that resulted in $2 billion of damages awarded to women alleging the companys talc caused their ovarian cancer.
Plaintiffs lawyers view the two-step bankruptcy strategy as one that skirts potentially expensive settlements or judgments. Companies view it as a way to corral numerous lawsuits in one court for efficient negotiations that bankruptcy law dictates for asbestos liabilities. The company outside bankruptcy can reach a funding agreement with the entity navigating a court restructuring to cover future settlement payments.
In 2017, Brawny paper towels manufacturer Georgia-Pacific used the Texas law to move asbestos liabilities to an entity that later filed for bankruptcy in North Carolina.
Bankruptcy cases filed to resolve litigation, including those related to asbestos, often take years, and almost never fully repay creditors. OxyContin maker Purdue Pharma LP, for instance, is near resolving thousands of opioid lawsuits after two years of bankruptcy negotiations with a plan valued at more than $10 billion to address trillions of dollars in claims.
Another company, DBMP LLC, filed for bankruptcy last year to resolve asbestos liabilities and said the case could take up to eight years, according to a company press release.
J&J also faces litigation alleging it contributed to the U.S. opioid epidemic and recently recalled certain spray sunscreen products after discovering some of them contained low levels of benzene, another carcinogen.
The company in June agreed to pay $263 million to resolve opioid claims in New York. It has denied wrongdoing related to its opioids.
Additional reporting by Nate Raymond; editing by Vanessa O'Connell and Edward Tobin
Our Standards: The Thomson Reuters Trust Principles.
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Global Nootropics Brain Supplements Market 2021 Research Report With COVID-19 Update with Growth Analysis and Emerging Trends by 2026 26 Sports – 2×6…
Posted: at 5:41 pm
Global Nootropics Brain Supplements Market Research Report 2020-2026 published by Market Research Place put forth a systematic evaluation of the industry and main market trends with historical and forecast market data, demand, application details, and price trends by geography. The report will function as a medium for a better assessment of the existing and future situations of the global Nootropics Brain Supplements market. The report splits the market size, by volume and value, based on application, type, and geography. This report also studies the market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels.
The report covers the major competitors within the market as well as budding companies along with their comprehensive details such as market share on the basis of revenue, demand, high-quality product manufacturers, sales, and service providers. Key players have executed different kinds of development systems, for example, advancements, and acquisitions to reinforce their contributions to the lookout. The examination incorporates an investigation of these central participants in the global Nootropics Brain Supplements market with their organization profiles, ongoing turns of events, and key market techniques.
The research report provides an in-depth examination of the market scenario regarding market size, share, demand, growth, trends, and forecast for 2021-2026. The global Nootropics Brain Supplements market overview, product overview, market segment analysis, regional market overview, market dynamics, limitations, opportunities are just some of the topics covered in this report. Also includes the analysis of industry chain, competition landscape, historical and future data by types, applications, and regions.
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Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of in these countries, which covering:
U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil
The Report Provides Comprehensive Analysis of:
The report presents real data and statistics on the inclinations and improvements in the global Nootropics Brain Supplements market. It also highlights manufacturing, abilities & technologies, and the unstable structure of the market. The report elaborates the crucial data along with all important insights related to the current market status. The report demonstrates details of different sections and sub-sections of the market on the basis of topographical regions. The report contains a detailed analysis of the key elements such as developments, trends, projections, drivers, and market growth of the global Nootropics Brain Supplements market.
Key strategic manufacturers included in this report:
The market can be segmented into product types as:
The market can be segmented into applications as:
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The next section of the report carefully assesses the presence of the market in key regions. It determines the market share, the market size, the sales contribution, and the distribution channels of each regional segment. It also offers details of the factors directly impacting the growth of the market. It covers the fundamental ideas related to the growth and the management of the global Nootropics Brain Supplements market.
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Fyre Festival Bankruptcy Case Leaves Attendees With Just 4% of What They’re Owed – EDM.com
Posted: at 5:41 pm
Fyre Festival attendees have been dealt a definitive blow to their prospects of recovering a material portion of their promised settlement.
In May a class action settlement ruling by the US bankruptcy court of New York was approved, effectively paving the way for the plaintiffsconsisting of 277 attendeesto receive up to $7,220 per person for a total settlement of over $2 million.
However, that initial figure has changed drastically due to the fact that the Bankruptcy Trustee,Gregory Messer, was able to recover only $1.4 million in assets from the failed festival company. To make matters worse, $1.1 million of that sum went back towards paying court and legal fees, leaving just $300,000 to service the festival's creditors, which includes ticket-holders.
Messer's job wasn't an easy one. Navigating disgraced Fyre CEO Billy McFarland's flawed and overall limited financial records proved difficult in identifying who actually benefitted from the venture, as the New York Post notes. McFarland is currently serving six years in prison for fraud.
Fyre CEO Billy McFarland (L) and Ja Rule.
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In a statement to EDM.com, Paul Young, an attorney and legal expert atYoung, Marr & Associates, explained the nuances of Chapter 7 bankruptcy that were ultimately counteractive to the plaintiffs' cause.
"Typically, someone will file a Chapter 7 bankruptcy to discharge or eliminate their debts. If there are assets available, a court-appointed trustee will sell the property and disburse the proceeds among the creditors," Young told EDM.com. "Because there are never enough proceeds to pay every creditor, each will only receive a percentage based on what is available and what they were owed."
In this case, the pro rata style distribution system Young describes means ticket holders will receive a mere $288 eachjust 4% of what the court had awarded them in April. In a blog post penned by Young, he notes that ticket-holders paid anything from$1,200 to upwards of $100K per person in order to attend.
"This is only a fraction of what they are owed by Billy McFarland, Fyre Media, and Fyre Festival, LLC," Young continued.
Unfortunately, these circumstances mean that the path to justice for ticket-holders has come to an unceremonious end in what has become one of music's most infamous events in modern history.
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Fyre Festival Bankruptcy Case Leaves Attendees With Just 4% of What They're Owed - EDM.com
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Judge grants another delay in getting answers in House Bill 6 case – The Columbus Dispatch
Posted: at 5:41 pm
U.S. Bankruptcy Court Judge Alan Koschik on Tuesday gave Akron-based Energy Harbor athree-month delay in filing documents that detail how four hired guns intervened in Ohio Statehouse politics and House Bill 6.
More: No answers yet from Energy Harbor attorneys, another delay requested
Last year, Koschik told four men at Akin Gump StraussHauer & Feld to give him answers about their involvement in legislative races and getting the energy bill passed. Energy Harbor hired Akin Gump, an international law firm, to help with its bankruptcy and lobbying efforts.In January, Koschik agreed to a six-month delay to getting answers.
More: Selling out in the Statehouse
Energy Harbor attorney Jonathan Streeter on Tuesday told Koschik that themen completedthe "declarations" but making those statements public while Energy Harbor cooperates with federal prosecutors would be detrimental. Energy Harbor needs more time to cooperate with federal prosecutors in secret, he argued.
Energy Harbor, formerly known as FirstEnergy Solutions and owner of two nuclear power plants in northern Ohio, filed for Chapter 11 bankruptcy in March 2018 and emerged in February 2020. During that time, state lawmakers passed a $1.3 billion bailout bill that would provide a subsidy to keep the nuclear plants operating as well as other perks to utilities.
Now that bailout bill is the subject of a criminal racketeering case. Two men charged in the case former Ohio House speaker Larry Householder and former Ohio GOP chairman Matt Borges have pleaded not guilty. Two others lobbyist Juan Cespedes and political strategist Jeff Longstreth signed guilty pleas in October. A fifth man, lobbyist Neil Clark, died by suicide in March.
More: Ohio superlobbyist Neil Clark's tell-all book has Statehouse insiders abuzz
Energy Harbor and its former parent, FirstEnergy Corp., have said publicly that they are cooperating with prosecutors and FirstEnergy disclosed that it is in talks to get a deferred prosecution agreement.
Koschik said he wants to "stay in his lane" and avoid interfering in the U.S. District Court criminal case. He set Oct. 12 as the new deadline for the Akin Gump officials to submit the declarations.
Laura Bischoff is a reporter for the USA TODAY Network Ohio Bureau, which serves the Columbus Dispatch, Cincinnati Enquirer, Akron Beacon Journal and 18 other affiliated news organizations across Ohio.
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Judge grants another delay in getting answers in House Bill 6 case - The Columbus Dispatch
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