Auction listings go lower as pandemic worries linger
- Auction volumes have fallen and clearance rates remain weak overall as school holidays and the upsurge in coronavirus cases – in Melbourne particularly – weigh heavily on the housing market.
- The four-bedroom home in Sydney's Birchgrove sold above reserve for $2.91 million.
- In Melbourne, there were 439 homes taken to auction, returning a preliminary clearance rate of 64.3 per cent, according to CoreLogic.
- Last week's preliminary clearance figure was 62.7 per cent across 645 auctions, with a final result of 61 per cent.
- In Sydney, 563 homes were listed for auction, with a preliminary clearance rate of 68.1 per cent.
- In Melbourne, the action has moved off-market and more properties are exchanging ahead of listed auction dates, according to veteran buyer's agent, David Morrell, of Morrell and Koren.
Our Intellectual Property Laws Are Out of Control
- This twist on 1998's Digital Millennium Copyright Act (DMCA) has encouraged people to rethink what, exactly, intellectual property laws should protect, and to wonder if they've gone too far.
- Also, influential companies often get Congress to extend their own patent rights through special legislation.
- The DMCA's rules make things worse by interfering with the repair or repurposing of electronic goods after they have been sold.
- John Wiley, where it protected the right to resell books bought overseas.
- The publisher had argued, essentially, that you might own a book you bought, but the company retained the right to sell it.
- When you buy a smartphone or an automobile, it should be yours, and companies shouldn't be able to leverage their intellectual property rights in software to keep you from unlocking, repairing, modifying, or reselling it as you see fit.
- Intellectual property is a good thing, all right.
At Mount Rushmore, Trump updates ‘American carnage’ message
- Washington | With his support falling even among Republicans as the coronavirus makes a frightening resurgence across the country, President Donald Trump used a weekend dedicated to patriotism to signal that he will spend the final four months of his re-election effort digging deeper into the nation's racial and cultural divides, creating an enemy for his supporters in what he branded the "new far-left fascism".
- His remarks at Rushmore were also a concession to his political standing as he nears the end of his first term in office: trailing former vice-president Joe Biden, the presumptive Democratic nominee, in national and battleground polls; lacking a booming economy or a positive message to campaign on as he tries to assign blame elsewhere for the spread of the coronavirus; and leaning on culture wars instead to buoy his base of white supporters.
Pressure on Prince Andrew to speak to FBI without Home Office role
- London | The UK Government hopes the Duke of York will agree to speak directly to the FBI over his links to Ghislaine Maxwell without the need for ministers to intervene, according to The Sunday Telegraph.
- Priti Patel, the Home Secretary, is facing a diplomatic quandary after US prosecutors submitted a formal request for the Duke to speak to them about claims Ms Maxwell trafficked young women for sex for Jeffrey Epstein.
- But it is now understood the Government is in favour of the stand-off between the Duke and the FBI being sorted out between the two parties, rather than by any ministerial intervention under a MLA.
- US prosecutors said they would "welcome" the Duke's testimony as part of the FBI investigation, with Audrey Strauss, the acting US attorney for the Southern District for New York, urging the Duke to come forward to be questioned.
How India should respond to China's aggression
- As both governments work to defuse the situation, the loss of military lives is amplifying earlier calls for India to reduce its economic engagement with China.
- China looms large in Indian trade and investment, but the reverse is much less the case, even if the potential scale of the market and India’s capacity for innovation has attracted Chinese companies.
- An important marker of New Delhi’s deepening concerns was the decision announced by Modi while at a summit in Bangkok last November that India would not participate in the final negotiations of the Regional Comprehensive Economic Partnership (RCEP).
- If India wishes to maintain distance from both the United States and China, then its best option is to engage with coalitions of middle powers that share some of India’s concerns on the non-market behaviour of Chinese entities while maintaining commercial contact with China.
Machine Learning Basics: Polynomial Regression
- In this article, we will go through the program for building a Polynomial Regression model based on the non-linear data.
- In the previous examples of Linear Regression, when the data is plotted on the graph, there was a linear relationship between both the dependent and independent variables.
- So, in this problem we have to train a Polynomial Regression model with this data to understand the correlation between the Level and Salary of the employee data in the company and be able to predict the salary for the new employee based on this data.
- The class “LinearRegression” is also imported and is assigned to the variable “lin_reg” which is fitted with the X_poly and y for building the model.
- In this step, we are going to predict the values Salary based on the Polynomial Regression model built.
The lockdown death of a 20-year-old day trader
- On June 12 back at home in Naperville, Illinois, Mr Kearns took his own life, after believing he had lost nearly $US750,000 ($1.1 billion) in a soured options bet made on Robinhood, an online brokerage that has become emblematic of a new era in retail investing.
- The tragic episode highlights the dark side of the recent boom in retail trading and the offerings from online brokerages — such as free trading, options, cheap debt and the ability to buy small slices of stocks — which have lured more investors to the markets.
- Researchers at Allianz, the German insurer, noted that single contracts — most popular with smaller individual traders — accounted for 13 per cent of S&P 500 options volumes traded since March, up from about 8 per cent a year earlier.
How much trouble is Huawei in?
- European countries and mobile carriers are now worried that Huawei won't be able to provide 5G infrastructure as promised given the "massive hit to their business" from the new US export controls, she said.
- Yet even as it claims independence from Beijing, Huawei has been caught up in sparring between China and the United States, and to an increasing degree, the European Union and countries such as India that are growing more wary of China.
- There was a moment during the pandemic "where China was able to assert itself on the global stage as a leader, and I think they fumbled that," especially in Europe, after China sent masks and respirators of dubious quality to countries experiencing outbreaks, said Nietsche.
- India, meanwhile, had been going back and forth over whether to include Huawei equipment in the country's 5G network, said Chaitanya Giri, an analyst with Indian foreign policy think tank Gateway House.
How deepfakes could actually do some good
- Because survivors can rarely reveal their own identities safely, the team behind the film Welcome to Chechnya turned to the same sort of technology typically seen in deepfake videos.
- Still, the promise of deepfake-like technology to anonymize people may grow more popular, experts told Recode, complicating the debate over the ethics and the regulation of this controversial application of artificial intelligence.
- The man behind Welcome to Chechnya’s technology is visual effects expert Ryan Laney, who says the technology used in the film essentially moves faces like marionette puppets.
- When asked about the questions surrounding deepfakes, Welcome to Chechnya’s Laney says that his technology doesn’t technically count because “deepfakes as a practice are inherently nonconsensual.” To him, the artificial intelligence used in the film required both the agreement of those filmed to be anonymized and the consent of the activists who volunteered their faces.
New Relic CEO scolds employees in internal memo
- Software company New Relic, one of Portland’s largest technology employers, is lagging behind rivals and needs more from its employees to catch up, the company’s CEO warned his staff in an all-company memo last month.
- The blunt letter exhorts employees to work harder and rejects their calls for the company to take a more active role in the nation’s resurgent civil rights movement.
- In a note to remaining employees, New Relic said it had intended to notify all laid-off workers individually “where the news could be communicated with the dignity and respect these employees deserve.” The company blamed the premature emails on an unspecified “internal systems” issue.
- Asked for comment on Cirne’s letter, New Relic said Portland continues to be an important location for the company and said it is committed to societal issues.
- New Relic said company matching programs helped employees raise $70,000 for civil rights organizations and $155,000 for COVID-19 relief.