Data visualization researchers at Harvard’s Center for International Development (CID) have unveiled The Globe of Economic Complexity – an interactive tool which colorfully captures $15 trillion in world trade data in cutting-edge 3-D visualizations. Powered by the UN’s international trade data, the Globe uses “confetti” or dot-based representation to generate dynamic maps, stacked graphs and network diagrams. The Globe is a spin-off of The Atlas online, an interactive tool that takes users on a granular journey by not only visualizing trade, but by tracking changes over time and by helping users identify growth opportunities.“The Globe allows users to see which parts of the world are still exporting agricultural commodities versus those that have moved onto machinery and more complex products, all in spectacular animation,” said Marcela Escobari, executive director of CID. “Innovations in visualizations like this one help us disseminate our research on how countries grow in an ever more accessible and powerful way.”By navigating the Globe’s Geo Maps, users can jump into any country to view its range and volume of exports. The Globe also generates new points of view on the Product Space – a network of product similarities which details nearly 800 products into 15 color-coded industries – by vertically stacking products in 2-D representation or by using a novel 3-D layout.
The manager said the multi-asset fund would invest on a “risk-aware” basis similar to risk-parity strategies seen in the defined benefit (DB) sector.Its core portfolio would be 40% growth, 40% defensive and 20% inflation-protection assets, with further discretionary allocations based on medium-term investment views.The remaining strategy is based on downside risk-management, with a 6% cap on volatility, helping to keep potential losses below 8%.The volatility management strategy is akin to that seen in the insurance sector allowing insurers to hold riskier assets on their balance sheets, Schroders said.In practice, if volatility within the multi-asset fund rises above 6%, it will divest into cash until the level falls below the cap, before fully re-investing into the asset-allocation strategy as volatility subsides to normal levels.Schroders said the fund would also reduce the cap if the fund experienced continued losses, down to a volatility level of 1%, leaving some non-cash assets to avoid cash lock.The cap, and cap-reduction strategy, will allow the manager to protect losses up to a maximum of 8%, but, given the 1% minimum volatility, it cannot guarantee this, Schroders said.Back-testing over some 15 years by the manager found the largest loss figure to be 6.46% using the volatility-cap management strategy, compared with 11.84% if the core portfolio was invested without.John McLaughlin, head of investment solutions at Schroders, said the volatility strategy had never been used for the humble DC investor.He also said no downside management would be free, and that the strategy would sometimes hamper returns.“When it works well is a scenario like we 2008, where the market became intrinsically stressed and volatility spiked before we had the most severe falls,” he said. “Conversely in 2009, when the market rallied again, it would have taken us time to get back into the market because volatility was elevated as the market was rising, and this rule would tell us to leave, so it is not perfectly responsive.“You can also sometimes get a very calm market that suddenly dislocates downwards, and if this happens, we would follow the market down.“But that initial drop would immediately induce volatility, causing the fund to de-risk. You will lose something but not as much if you sat tight.”The fund’s investment strategy will include highly liquid assets to minimise transaction costs, with only around 50% in synthetics to keep the fund below the upcoming 75 basis point charge cap on DC default fund investments.The strategy was launched in reaction to changes announced in 2014 Budget, which removed compulsory annuitisation, with DC savers expected to exert freedom and move towards cash withdrawals and income drawdown. Schroders is to use a volatility-cap approach in its new defined contribution (DC) strategy launched to provide pre-retirement options for investors after compulsory annuitisation ends this April.According to the UK fund manager, its ‘Flexible Retirement Fund’ is designed to cater for DC members approaching retirement who are unsure whether to pursue income drawdown, cash withdrawal or an annuity.DC asset managers are expected to continue launching products around the shift in policy from the UK government, with old default strategies inapplicable for many savers.Schroders said its new multi-asset fund would target returns of inflation plus 2%, while stating a maximum loss value of 8% over any given timeframe.
Stuff co.nz 24 August 2020Family First Comment: Ouch! The smokescreen of the Drug Foundation and Chloe are destroyed by this good doctor…. So many good statements that it’s hard to know which bit to highlight!“Suggesting that voting yes for recreational cannabis will mean better access for medicinal treatment is misleading at worst and disingenuous at best…. As a GP I feel a duty to help ensure the public is properly informed when they cast their vote, they should know about the existing availability of medicinal cannabis and the potential risks of self-prescribing cannabis for health reasons. I’m concerned that many voters have been led to believe a cannabis referendum ‘Yes vote’ equals a ‘Yes’ for medicinal cannabis. This is not the case; patients already have access to medicinal cannabis. It’s legal under the Medicinal Cannabis Scheme and currently available via prescription from doctors who can identify any potential drug interactions and adverse effects that may affect a patient.”“Admissions to psychiatric hospitals for marijuana induced psychosis will go through the roof. Over the last few years we’ve put millions of dollars into the prevention and treatment of mental illness. Speak to any health professional that works in this field and they’ll tell you the impact that marijuana has on psychosis. Increasing access will undoubtedly result in a surge in mental health admissions. Smoking cannabis comes with the same risk of lung damage as smoking cigarettes and let’s remember New Zealand has made a commitment to be smokefree by 2025.”#VoteNopeToDopeOPINION: Suggesting that voting yes for recreational cannabis will mean better access for medicinal treatment is misleading at worst and disingenuous at best.With the cannabis referendum fast approaching, arguments for and against the legalisation of cannabis for recreational use are being put forward by numerous interested parties.As a GP I feel a duty to help ensure the public is properly informed when they cast their vote, they should know about the existing availability of medicinal cannabis and the potential risks of self-prescribing cannabis for health reasons.I’m concerned that many voters have been led to believe a cannabis referendum ‘Yes vote’ equals a ‘Yes’ for medicinal cannabis. This is not the case; patients already have access to medicinal cannabis. It’s legal under the Medicinal Cannabis Scheme and currently available via prescription from doctors who can identify any potential drug interactions and adverse effects that may affect a patient.Should recreational cannabis be legalised it may become more commercially viable for local companies to also enter the medicinal cannabis market, however this is not a given. The Ministry of Health has set stringent requirements for the approval of new medicinal cannabis products and no new applications have been made to date.However, the public should be aware that legalising cannabis for recreational use isn’t a guarantee of better access to safe, tested and approved cannabis products for medicinal treatment.Dr Mark Hotu is a GP and medicinal cannabis specialist at the Green Doctors clinic.READ MORE: https://www.stuff.co.nz/national/cannabis-referendum/122437472/cannabis-referendum-this-is-about-recreational-use-not-medicinal-treatment
Columbus, IN—Early Saturday morning CPD officers were dispatched to a residence on Home Avenue in regards to a report of shots fired. When officers arrived, they located a man with multiple gunshot wounds inside a home. The homeowner, John Noonan,55, of Columbus, reported to law enforcement officers that he was confronted by an unknown person with a baseball bat inside his home. Noonan reportedly discharged a firearm a short time later, striking the man, who was later identified as Derek Henderson, 38. Henderson was transported to Columbus Regional Hospital by paramedics, where he was pronounced deceased. The Bartholomew County Death Investigation Team is continuing the investigation but has determined that Noonan and Henderson did not know each other. However, law enforcement responded to Henderson’s residence at 1803 Home Avenue on three occasions on January 3rd. On January 3rd, 2020 at 11:08 a.m., CPD officers responded to Henderson’s residence after they received a request from the Department of Veteran Affairs to assist with transporting him to the hospital. Officers were unable to make contact with Henderson at that time. Several hours later, at 2:15 p.m., CPD officers returned to Henderson’s residence after receiving a phone call that Henderson was now there. Officers made contact with Henderson and he refused any assistance. In the evening at 6:21 p.m., the Bartholomew County Sheriff’s Department initiated a call at Henderson’s residence. CPD officers responded to assist the sheriff deputies and left the scene when it was determined that they were no longer needed.