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Here's What Wall Street Is Already Forecasting For Next Friday's Jobs Report

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The September employment report will be released next Friday, October 3rd, and the consensus is that 200 thousand payroll jobs were added in September and the unemployment rate was unchanged at 6.1%.

Here are two forecasts:

From Merrill Lynch: 

The September employment report is likely to reveal solid job growth of 235,000 with possible upward revisions to prior months. Job growth was disappointing in August, only increasing 142,000, notably below the recent trend. There has been a pattern of upward revisions to the jobs report in August, averaging about 30,000. Our forecast for September combined with likely positive revisions should keep the 3-month moving average for payrolls above 200,000. Among the components, we think government jobs will be up 10,000 while private payrolls expand 225,000. We forecast a strong gain in manufacturing jobs, reflecting healthy improvement in the survey data. Job growth in the retail sector should also be solid after a decline in August. The continued modest improvement in housing construction should continue to support hiring in the sector.

We forecast the unemployment rate to hold steady at 6.1% in September. The labor force participation rate fell in August while household jobs were particularly soft. We do not expect the same for September, although there is a great deal of uncertainty in the monthly forecasts of labor force participation. Average hourly earnings are likely to continue to increase at a trend 0.2% mom rate, which will push the yoy rate up to 2.2%. While this is a pickup from the annual pace in August, it is within the recent range for growth in average hourly earnings.

emphasis added

From Nomura: 

Payroll growth surprised to the downside in August. However, incoming labor market indicators released since the last jobs report have been generally more favorable for payroll growth. Initial jobless and continuing claims are still near pre-recession levels. In addition, regional manufacturing surveys released thus far in September suggest that manufacturing employment continued to increase.

Based on these labor market readings in September, we forecast a 200k increase in private payrolls, with a 10k increase in government jobs, implying that total nonfarm payrolls will gain 210k. Furthermore, given the solid momentum implied by regional manufacturing surveys, we expect manufacturing employment to grow by 15k. We forecast that average hourly earnings for private employees rose by 0.25% again in September, supporting our forecast of a gradual pick-up in wage inflation. Lastly, based on the improvement in continuing jobless claims, we expect the household survey to show that the unemployment rate fell 0.1pp to 6.0%.

CR Note: In August, a strike at Market Basket in New England negatively impacted the employment report. From BLS Commissioner Erica Groshen

Within retail, employment declined in food and beverage stores (-17,000); this industry was impacted by employment disruptions at a grocery store chain in New England.

The disruption ended quickly, and food and beverage employment should bounce back in September.

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OBAMA: 'They Don't Call Moscow' When There's Trouble In The World

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President Barack Obama wants everyone to know "how we role": The US always takes the lead in international crises.

In a "60 Minutes" interview Sunday evening, Obama was asked why the US is contributing such a significant portion of the military coalition against the jihadist group known as the Islamic State or ISIS. Obama responded by arguing that other countries were not stepping up.

"When trouble comes up anywhere in the world, they don't call Beijing, they don't call Moscow. They call us. That's the deal," he quipped.

When CBS' Steve Kroft pressed Obama on the relatively small contributions from some of the US' coalition partners, Obama insisted such arrangements were expected.

"That's always the case. That's always the case. America leads. We are the indispensable nation," he said. "We have capacity no one else has. Our military is the best in the history of the world."

Obama pointed to past US humanitarian efforts after other countries were hit by environmental disasters. 

"When there's a Typhoon in the Philippines, take a look at who's helping the Philippines deal with that situation. When there's an earthquake in Haiti, take a look at who's leading the charge helping Haiti rebuild," he said. "That's how we roll. That's what makes us Americans."

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More than 30 feared dead as Japan volcano search resumes

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This aerial picture taken on September 28, 2014 shows a helicopter of Japan's Self Defence Force lifting a survivor from the volcanic ash covered top of Mount Ontake, one day after it erupted

OTAKI (Japan) (AFP) - Firefighters, police and troops resumed search operations on a volcano in central Japan Monday after four confirmed fatalities with at least 27 other people feared dead.

More than 500 rescuers returned to Mount Ontake after the search had been called off on Sunday afternoon due to dangerous levels of poisonous gas.

"It depends on the (volcanic) situation how far they can go," a crisis-management official at the Nagano prefectural government said. 

Smoke was still rising from the peak early Monday, but helicopters had begun an aerial search of the volcano, which is popular with hikers.

At least 31 people were found lying near the summit of 3,067-metre (10,121-foot) volcano, which erupted Saturday without warning, spewing ash, rocks and steam.

Four of the 31 were brought down and later confirmed dead. They were all men, aged 23-61.

Rescue workers were trying to air lift the remaining 27 people still on the volcano and in "cardiac arrest", a term usually applied before doctors can certify death.

Firefighters have separately confirmed more than 30 people were injured by flying rocks and inhaling poisonous fumes.

The meteorological agency forecast further eruptions, warning that volcanic debris may settle within four kilometres (2.5 miles) of the peak.

A suffocating blanket of ash up to 20 centimetres (eight inches) deep covered a large area of the volcano, and had forced up to 150 to seek refuge in mountaintop shelters at one point.

The mountain is popular with hikers, particularly in late September when the turning of the autumn leaves makes for dramatic scenery.

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Here's How China's State Media Is Talking About The Protests In Hong Kong

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Want to see how authorities in China view the #OccupyCentral protests in Hong Kong?

Look no further than this column in The Global Times (a daily newspaper associated with People's Daily). The column argues that protesters are breaking the law and sullying the good image of Hong Kong, as a destination for finance and fashion.

Radical activists in Hong Kong announced early Sunday the launch of the Occupy Central movement, raising the curtain on an illicit campaign earlier than expected. Photos of Hong Kong police being forced to disperse demonstrators with teargas have been widely circulated online across the world. These activists are jeopardizing the global image of Hong Kong, and presenting the world with the turbulent face of the city.  

Hong Kong is a financial and fashion hub of the world. As Chinese mainlanders, we feel sorrow over the chaos in Hong Kong on Sunday. Radical opposition forces in Hong Kong should be blamed. 

US media is linking the Occupy Central movement with the Tiananmen Incident in 1989. By hyping such a groundless comparison, they attempt to mislead and stir up Hong Kong society. 

China is no longer the same nation it was 25 years ago. We have accumulated experience and drawn lessons from others, which help strengthen our judgment when faced with social disorder.   

China Daily's report on the protests goes with this headline: Illegal assembly in Hong Kong leads to clashes.

The overall gist: These protests are illegal, have no hope of succeeding, and are only damaging Hong Kong.

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3 Photos That Show Hong Kong's Transformation Over 100 Years

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As pro-democracy protests continue to erupt in Hong Kong, take a look at how the island has transformed over the last century.

This photo of Hong Kong's harbor was taken between 1910 and 1915, from what is now known as Victoria's Peak, while the island was under British colonial rule. The island started out as a fishing village, and later became a center of trade before exploding into a commercial and financial center.

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The photo below, from 1972, shows the same view from Victoria's Peak to the center of Hong Kong and across the harbor to Kowloon. After a brief occupation by the Japanese during World War II, Britain regained control of the island. The highrise buildings in central Hong Kong housed hotels, banks, and businesses.

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The photo below was taken in 2011, and shows modern day Hong Kong, one of the busiest, most cosmopolitan urban centers on the planet. The island was returned to China in 1997, and is currently in the midst of a massive protest over what residents see as an attempt from Beijing to limit democracy by placing restrictions on who can run for the island's top office. 

Hong_Kong_Skyline 1.JPG

SEE ALSO: 12 Astonishing Photos Of The Protests In Hong Kong

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Best Buy Thinks This Television Is The Future Of Its Business

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sony 4K high definition television

Best Buy believes that 4K Ultra High Definition televisions will give business a boost. 

CFO Sharon McCollam told Goldman Sachs that the televisions "will be a decisive product for the franchise." 

McCollam spoke at Goldman Sachs' Annual Global Retailing Conference. 

The television's picture is four times more detailed than standard high definition, according to Best Buy's website

They also include internet access for easy television, movie, and music streaming. 

Best Buy is working with manufacturers Sony and Samsung to showcase all the televisions' features in stores, McCollam said. 

sony 4k ultra high definition television

Because the televisions currently cost $4,000 to $10,000, they are not popular enough to impact business, McCollam said. Prices are expected to decline in the next couple of years. 

The devices have generated mostly positive customer reviews on Amazon. Fans say the picture quality is remarkably clear.

"The first time I walked into a Best Buy and saw a TV with a 4K picture, my jaw dropped,"one reviewer writes

Best Buy has been grappling with a decline in store traffic.

The retailer reported sales were down 2.7% last quarter. While online traffic has increased, it's not enough to offset slowing business.

SEE ALSO: Millennials Are Completely Redefining What It Means To Own Something

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China Has Been Tightening Its Grip On Hong Kong For A Long Time

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Hong Kong protests

Protesters in Hong Kong are demonstrating against the mainland's encroachment on the autonomous territory's politics. Yet Beijing has leaned on a blunt form of power and even coercion over the island since the moment it took control of Hong Kong in 1997: its military presence in the territory, which the mainland has actually been trying to deepen for much of this year.

Hundreds of thousands of supporters of Hong Kong's Occupy Central movement are continuing their protests in the city's downtown in response to Beijing's attempts to increasing its hold over the semi-autonomous territory, which enjoys special rights and powers within China's system of government.

Given Hong Kong's few media controls compared to mainland China and the global attention that that allows, Beijing would be ill-advised to unleash a Tienanmen Square-like onslaught on the burgeoning protest movement.

But China still has a military presence on the island. The protest movement is driven by concern over the mainland rolling back Hong Kong's autonomy — but in terms of hard power, Beijing has already established some crucial facts on the ground.

Beijing has had its military Hong Kong from the moment Great Britain handed the island over to China in 1997 — Beijing sent 21 armored personnel carriers and 4,000 soldiers carrying assault rifles into the territory the very morning of the handover.

China's been making efforts to build up its military infrastructure in Hong Kong, including Beijing's approval of a controversial naval port in Victoria Harbor this past February. But from a purely strategic perspective, Beijing's garrison of Hong Kong might more as a statement of Chinese sovereignty than as a real base of operations.

3. China

Beijing's military facilities in Hong Kong — which include an airbase, a naval base, and a barracks — often serve as showcases for new Chinese technology, writes Gordon Arthur, a journalist focusing on Asian Pacific defense. When troops first entered the territory in 1997, for instance, they carried the 5.8mm Type 95, an assault rifle has since become standard in China's People's Liberation Army, or PLA.

The Shek Kong Airbase, Arthur adds, is also thought to host four units of China's largest home-built helicopter, the Z-8KH. Visitors in this year's "open days" at the military installations, which ran between June 29 and July 1, also got to see corvettes (as in small warships), small arms, and trucks reconfigured to serve as field generators, kitchens, or even showers.

Beijing also added to its usual garrison with a show of force in late August, when at least four PLA armored personnel carriers were seen traveling down a major thoroughfare. The move was a reaction to Occupy Central's already-stated plans to block Hong Kong's financial district.

The protesters have followed through on their explicit plan. It remains to be seen if Beijing will follow through on their ominous yet more implicit one. 

Tens of thousands of protesters are hoping to secure a fully-democratic election process for 2017 vote on the territory's top leadership. Beijing currently reserves the right to pick a short-list of candidates from which voters would choose in Hong Kong's first direct election. Demonstrators want to get that caveat reversed.

Even if the protests don't end in a major crackdown, the PLA's presence in Hong Kong is a reminder that China is willing and able to bluntly flex its national sovereignty within territory that it's increasingly willing to exert its control over. And at least in terms of hard military power, the Hong Kong autonomy issue might have been settled over a decade ago.

SEE ALSO: A quick refresher on the difference between Hong Kong, Macau, and Mainland China

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US judge calls Argentina in contempt in debt case

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Argentina's Economy Minister Axel Kicillof gestures during his appear in the Congress about the bill to pay the debt at the Banco Nacion, Buenos Aires on August 27, 2014

New York (AFP) - A US judge ruled Argentina in contempt of court Monday for its attempts to skirt his block on payments to holders of the country's restructured debt.

Federal district judge Thomas Griesa said Buenos Aires had acted illegally to avoid his orders to first pay off hedge funds that sued the country for full payment on their bonds.

He noted it is "a rare thing" for a country to be ruled in contempt in a US court, but pointed to the actions of the Argentine government to skirt his orders in the long-running case.

"The court holds and rules that those proposed steps are illegal and cannot carry on," he said.

But Griesa held off on deciding a penalty, which could amount to a $50,000-a-day civil fine as requested by the hedge funds.

Earlier this year Griesa effectively froze Argentina's ability to transfer funds to restructured bondholders, as long as it does not pay the holdouts in the restructuring, mainly the $1.3 billion in bonds held by Aurelius Capital management and NML Capital.

Because Argentina refuses to pay off the two, calling them "vulture funds", Griesa's order forced the country to default on a debt service payment to restructured bondholders at the end of July.

After that the government passed new domestic legislation aiming to transfer its bond contracts away from US jurisdiction to Argentine jurisdiction, so that they could make the payments.

And then it announced its plan to fire the official trustee for most of its debt payments, Bank of New York Mellon,which Griesa had ordered not to transfer any funds to the country's creditors.

The hedge funds then sought the contempt ruling from Griesa.

"Argentina has repeatedly and willfully violated the orders of the court. Argentina has repeatedly and willfully declared its intention to continue to violate these orders," they said in a complaint last week.

Earlier Monday Argentina's US ambassador warned US Secretary of State John Kerry in a letter that a contempt ruling against the country would constitute "unlawful interference" by the United States in its affairs.

Such a decision "would not only fall outside the jurisdiction of said courts, but also be an unlawful interference in the domestic affairs of the Argentine Republic, triggering the international liability of the United States of America," wrote ambassador Cecilia Nahon.

Nahon did not specify what action her country would take in the case of a contempt ruling. 

But she said it "would result in an unprecedented escalation in the conflict and would be even more serious than the decision to interfere with the collection of payments made to restructured bondholders."

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Stocks With International Exposure Have Been Underperformers (DIA, SPY, QQQ, TLT, F)

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On Monday, Ford warned that its international results would disappoint.

In an investor presentationFord said it sees taking a $1.2 billion pre-tax loss in Europe during 2014 due to lower industry volume and deteriorating business conditions in Russia. 

In 2015, Ford expects to continue losing money in Europe — to the expected tune of $250 million — when the company had previously expected to become profitable in that market next year. 

But Ford also had a troubling warning for its South America business. The company expects to take a pre-tax loss of about $1 billion 2014, but Ford on Monday became one of the first major companies citing weaker currencies as having a big impact on financial results. 

Recently, the US dollar has been on a tear, and a stronger dollar is likely to impact the results of companies that do lots of business internationally. 

In a recent note to clients, analysts at Barclays said companies with high international exposure have already begun to experience relative weakness. 

Barclays said estimates haven't quite adjusted to reflect the dollar's strength, the market has begun to act, and this trend is likely to continue as third quarter results start rolling in. 

Sept 29 COTD

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A Developer Created A Brilliantly Innovative New Way To Use The iPhone's Widgets, But Apple Killed It (AAPL)

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Tim Cook

Apple removed an app called Launcher from the App Store late Friday night, and the circumstances surrounding the app's removal have left its creator scratching his head.

Launcher was originally designed to help save its users time by creating one-tap shortcuts to popular actions on your iPhone that might take a few taps. By inputting a URL or selecting an app from the list, you could create shortcuts for actions like calling your wife, placing a FaceTime call, or composing a tweet.

But the best part about Launcher was how it used the new iOS 8 widgets feature to let you execute these commands with a single tap. Launcher creatively used Apple's new widgets system to place these shortcuts within easy reach, housing them right in your iPhone's Notification Center.

"The whole point of Launcher was that iOS 8 was allowing this new functionality with widgets," Launcher founder Greg Gardner told Business Insider. "I thought it was kind of a game changer. My plan was to get out as fast as possible, to be first to market."

Launcher app

Gardner's plan worked: Launcher launched the same day as iOS 8, and Gardner says the app quickly took off, leading to hundreds of emails from users saying they loved the app and its time-saving nature.

The launch was also the first time Gardner had heard of any potential issues Apple may have with the app, when an Apple employee in developer relations contacted Gardner to say he wasn't sure that Launcher was even supposed to release, and that he would check on its status and get back to him.

The news came as a surprise to Gardner, who had already seen the app approved.

"They were unsure themselves if they were going to allow the widget functionality or not," said Gardner. "They had to debate it internally.”

A few days went by, and Gardner says it wasn't until Sept. 23 that he heard back from Apple. They told him that they had decided the unique use of the iPhone's widgets was not to be allowed, and that Gardner could either remove the functionality from Launcher or see the app removed from the App Store.

Gardner, who felt like Apple's indecision would rob users of his app of their favorite core feature, attempted to compromise by forcing the shortcut widget to first hop back into the Launcher app before executing the widget's action.

"I thought there was a chance that that may be a decent compromise. There’s nothing in the official documentation that says a widget can’t launch other apps," Gardner said. "It doesn’t explicitly say it can’t call to other apps. Maybe they thought it was implied, maybe they forgot to put it in."

Gardner submitted the update between 4:30 and 5 p.m. PT, thinking that Apple would take a few days to review the update, which would also give him some more time to figure out his next move.

Instead, Apple quickly rejected the new update, and removed Launcher entirely from the App Store late Friday night.

"I don’t think it was a coincidence that it was so late on Friday night," Gardner said, suggesting that Apple chose to act fast so as to prevent media outlets from hearing about the app's removal.

Even with Launcher's removal from the App Store, those lucky enough to download the app are still able to use it and its unique widget functionality. Launcher users won't be able to upgrade to the Pro version for additional features, but the core functionality still exists, and Gardner intends to keep supporting the app for as long as he can.

In the meantime, Gardner is sticking to his guns, hoping that if enough people complain about Apple's indecisive rules, the company might allow Launcher's return. He's even been involved in creating an online Change.org petition requesting Apple revise its widget rules.

But Gardner is still disillusioned from the experience, and said that this could be the end of his developing apps for iOS. Though with no experience with Android, he's still hoping that he can continue with Launcher if it returns.

"It's hard to say, it's still early. My gut reaction is if Apple doesn’t change their mind on this in the near future, then yeah I don’t know why I’d continue to develop for a system that makes unilateral decisions like this and can shut down something that people loved and that I put a lot of hard work into," said Gardner. "They seem to be disregarding the desires of their users. That kind of attitude is not sitting well."

You can reach more about Gardner's battle to keep Launcher alive over at the official Launcher website.

Business Insider has reached out to Apple for comment and will update this article when we hear back.

SEE ALSO: These Hidden iOS 8 Tricks Will Make Your iPhone Feel New Again

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Audi Gives Its Very German Roadster A Very German Update

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Audi TT 5

The Audi TT has been around since the late 1990's and adds a peppy, insouciant character to the German automaker's otherwise rather sleek, Teutonically cool (some might say severe) lineup.

Two new versions are slated to appear at this week's Paris Motor Show. But don't expect anything crazy. That's would not be acceptable at Audi.

The new TT will moderately upgrade the familiar TT vibe, while the TTS is a little something for the enthusiasts: 306 hp and a 0-6o mph time of less than 5 seconds.

The cars aren't radically refreshed, but they are holding down the vee still vanna have fun category for a carmaker (owned by Volkswagen) whose vehicles are a triumph of design and engineering and minimalist luxury over more offbeat automotive ideas.

That said, the new TT and TTS continue a sculpted-from-a-block-of-steel impression that many Audis exude and that serves as a sort of unifying aesthetic for the brand.

Who loves these cars? Car designers love these cars.

As updates go, the TT and the TTS add a bit of aggression in the overall context of extremely dignified improvements. 

Both rides will go on sale in Europe before coming to America in 2015. Pricing hasn't yet been revealed.

The TTS Roadster is a hot little number: 306 hp empowers a 0-60 sprint in under 5 seconds. Audi's all-wheel-drive keeps everything under control.



The TTS retains the refined yet muscular proportions that the Roadster has always been known for.



A car like this needs to look glued-to-the-ground and ready for action on winding roads. But nothing too crazy. Even though it's yellow. We are German, after all.



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The Guy Who Raised $55,000 On Kickstarter To Make Potato Salad Threw A Big Party To Celebrate His Success

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Back in July, Columbus, Ohio-based web developer Zack Danger Brown created a Kickstarter project that bewildered the internet. 

"Basically I'm just making potato salad," Brown wrote on the Kickstarter page. "I haven't decided what kind yet."

Brown ultimately raised more than $55,000 for his "potato salad" project, with nearly 7,000 people pledging donations. 

He raised so much money, in fact, that when he got close to the $3,000 mark, he wrote: "My kitchen is too small! I will rent out a party hall and invite the whole internet to the potato salad party (only $10 and above will be allowed in the kitchen)! The internet loves potato salad! Let's show them that potato salad loves the internet!!"

Brown followed through on that promise with a big party in Columbus this weekend. Dubbed "PotatoStock 2014," the event had food trucks, live music, and plenty of potato freebies. Proceeds went to a fund through the Columbus Foundation, which fights to end homelessness and hunger in central Ohio. Entrance was free to the public.

There was, of course, plenty of potato salad to be had at PotatoStock. Sponsors ended up making more than 3,000 pounds of the stuff just for the event. 

The recipe was created by Piada, an Italian street food company based in Ohio.

Brown lent a helping hand before the event.

There were a few different varieties to choose from, as several local restaurants got involved with their own recipes.

A stage was set up for the live music.

Attendees could show their potato love with these sweet stuffed animals. 

But the most die-hard potato fans got these temporary tattoos.

There were even potato-sack races.   

 

 Brown (left) has already donated some $20,000 to the charitable fund. On his Kickstarter page, he says that people who donated should receive their incentives by December. 

 This guy must really love potatoes.

 

SEE ALSO: The Potato Salad Kickstarter Is Over, And It Raised More Money Than A Lot Of People Make In A Year

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These Photographs From Hong Kong's Daredevil 'Rooftoppers' Will Take Your Breath Away

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With the massive protests in Hong Kong raging for a second day, officials in Hong Kong have initiated a blackout of Instagram throughout the city.

That means that, along with images of demonstrators flooding the streets of downtown Hong Kong, the impressive and sometimes nausea-inducing shots from the city's "Outlaw Instagrammers" will go unseen, as well.

These daredevils, who defy both death and the law, climb to the top of Hong Kong's tallest buildings, of which there are quite a few, and snap amazing photos of themselves and their friends, posting the results on Instagram.

With Instagram blocked in Hong Kong, we thought we would compile a list in the meantime of the best "rooftoppers" (as they like to be called) from Hong Kong. We don't suggest you try these feats on your own, but feel free to live vicariously through these crazy shots.

Hong Kong is known as the "most vertical city" in the world, with more than 1,200 skyscrapers. There seems to be no better place for Instagrammers, like @daniel__lau, to do what they do best.

Follow @daniel__lau on Instagram here



@Daniel__lau recently made headlines when he posted this video on Instragram of him and his friends taking selfies on the very top of Hong Kong's fifth-tallest skyscraper, known as "The Centre."

Follow @daniel__lau on Instagram here



His friend, @airin.heatscore was there, too, calmly eating a banana.

Follow @airin.heatscore on Instagram here



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This Is The Trophy That Larry Ellison's Team Staged A Miracle To Win

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Americas Cup 2

A year ago, Oracle cofounder Larry Ellison ditched his keynote presentation at his own customer conference to watch his sailing team clinch the America's Cup. Winning the 2013 Cup was the biggest comeback in the 162-year history of the race.

This week, the actual Cup, the oldest sports trophy in the world, is on display San Francisco, under a huge canopy made from the winning boat itself.

To recap: The final race series was between Oracle America's team and Emirates Team New Zealand in a best of 17 series (the first team to win 9 races, won). Oracle entered the finals down two "points" — two wins — from a penalty when Ellison's team was caught cheating in the preliminary race series that led up to the finals. New Zealand quickly wracked up eight wins, and Oracle came from behind to take the Cup.

Oracle America's Cup race boat

It was also a race wracked with controversy. The design was Ellison's own for a superfast type of boat — a 72-foot catamaran called the AC72 — that was so expensive to build, Ellison effectively made the 2013 Cup too costly for all but a few teams. Ellison got to choose the boat design because he won the last Cup.

Each team reportedly spent at least $65 million to $100 million on the race, with Ellison outspending them all, reportedly pouring an estimated $300 million into it.

These boats, capable of going 50 miles per hour (44 knots) were very dangerous. A British sailor on Sweden's Artemis Racing was killed when his boat capsized during a practice session in the San Francisco Bay. Ellison lost a boat when it capsized. (The wrecked boat was reborn as an airplane.)

All this week, anyone attending the show can come by and look at the Cup at the center of it all.

The trophy was newly polished. It's so shiny that the red carpet reflects off it.

Americas Cup 1

The trophy travels with two guards, both wearing lapel pins that are mini-versions of the cup. They are full-time employees of a private security company. They wouldn't tell us their names or the name of the company.

When not traveling, the cup is stored in a top-secret location.

Americas Cup 5

The Cup is technically not Larry Ellison's, either. It belongs to the Golden Gate Yacht Club.

There is one rule that governs it: No one can touch it with their bare hands. The guards wear white gloves.

If someone did try to touch it, "That's when we would do our job," one guard told us. "If things get too aggressive, we would take the Cup away."

Americas Cup 4

The catamaran that won the cup is unbelievably big.

Oracle has put it on display as a canopy for a lounge area. It reminds us of one those dinosaur exhibits at the Natural History Museum, except it's modern and made with carbon fiber.

Americas Cup 8

 Here's another view of the winning catamaran as it straddles Howard Street in San Francisco.

Americas Cup 6

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Here's Why A Leading Futurist Hopes We Don't Find Life On Mars

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man on mars

The Red Planet has been getting a lot of attention recently, between India's low-cost MOM probe successfully entering Mars's orbit, NASA's MAVEN doing the same, and the Curiosity rover reaching the most potentially fertile site yet for signs of ancient life. Elon Musk has even talked about building a city there. For most people who look out at the night sky and wonder whether we're alone, Mars holds our best hope for proving that we're not.

But not for Nick Bostrom. The famed futurist, author, and Director of the Future of Humanity Institute at Oxford University, thinks that any sign of life we find on Mars would be a bad sign, an argument he developed in a 2008 paper entitled "Where Are They?: Why I Hope The Search For Extraterrestrial Life Finds Nothing."

It would be good news if we find Mars to be completely sterile. Dead rocks and lifeless sands would lift my spirit.

Conversely, if we discovered traces of some simple extinct life form — some bacteria, some algae — it would be bad news. If we found fossils of something more advanced, perhaps something looking like the remnants of a trilobite or even the skeleton of a small mammal, it would be very bad news. The more complex the life we found, the more depressing the news of its existence would be. Scientifically interesting, certainly, but a bad omen for the future of the human race.

So why the apparent negativity?

pia18477 grotzinger_05 finalSimply put, Bostrom reasons from two simple facts: one, that we have had no credible contact with any alien civilizations, not even a trace; and two, the observable universe contains a mind-boggling number of solar systems, many of which similar to Earth in mass and in temperature, and also much, much older. (That's without even thinking of forms of life unlike our own, whatever those might be.)

Bostrom writes:

From these two facts it follows that there exists a "Great Filter." The Great Filter can be thought of as a probability barrier. It consists of exist one of more highly improbable evolutionary transitions or steps whose occurrence is required in order for an Earth‐like planet to produce an intelligent civilization of a type that would be visible to us with our current observation technology. You start with billions and billions of potential germination points for life, and you end up with a sum total of zero extraterrestrial civilizations that we can observe. The Great Filter must therefore be powerful enough — which is to say, the critical steps must be improbable enough — that even with many billions rolls of the dice, one ends up with nothing: no aliens, no spacecraft, no signals, at least none that we can detect in our neck of the woods.

In other words, if it's possible for life to evolve to the point that it can take to the stars, it has had plenty of opportunity to do so. The fact that we see no evidence for that whatsoever is an indication that it is extremely difficult to do. (Bostrom borrows the concept of the Great Filter from a paper by economist Robin Hansen.)

That difficulty could lie in the past — i.e., in the evolutionary steps that have led to us — or in the future, the steps between where we are now and where we'll need to be to go interstellar on the regular.

For example, perhaps it is very, very improbable that even simple self‐replicators should emerge on any given Earth‐like planet. Attempts to create life in the laboratory by mixing water and gases believed to have existed in the early atmosphere on Earth have failed to get much beyond the synthesis of a few simple amino acids. No instance of abiogenesis has ever been observed.

We don't really know how life got started in Earth, but our experiments so far suggest it's not as simple as sloshing a few amino acids around and waiting for them to come to life. There are theories that life was seeded onto Earth from elsewhere in space, perhaps a comet, but of course these theories wouldn't explain how living creatures spontaneously emerge from non-living matter.

So one possibility is that the Great Filter is behind us. This would explain the absence of observable aliens. Why? Because if the rise of intelligent life on any one planet is sufficiently improbable, then it follows that we are most likely the only such civilization in our galaxy or even in the entire observable universe.

Like Carl Sagan said, if you want to make an apple pie from scratch, you must first create the universe. You also need to invent human beings. The leap from a universe that allows for life to happen and a species of tool-using creatures that can conceive of delicious fruit-filled pastries might be daunting enough that we Homo sapiens are the only ones who have made the leap so far.

The other possibility is that the Great Filter is after us, in our future. This would mean that there is some great improbability that prevents almost all technological civilizations at our current human stage of development from progressing to the point where they engage in large‐scale space‐colonization and make their presence known to other technological civilizations. For example, it might be that any sufficiently technologically advanced civilization discovers some technology — perhaps some very powerful weapons technology — that causes its extinction.

This second possibility is, for Bostrom, the really frightening one.

If we find evidence of life on Mars, one theory is that it means that life as such isn't all that difficult to bring about — something that happens on two planets in the same solar system can't really be called a rare event.

Of course, if we find out that life somehow originated on Mars and was transferred to Earth, or vice versa, that would be a different story. In that case, the origination of life would still be an extremely improbable event that only happened once. It would thus still be a good candidate for the Great Filter to have come before current time.

Barring a single source of life for the two planets, the more complex the discovered Martian life turns out to be, the more likely it is that the Great Barrier lies in our future; whatever rocks other would-be starfaring civilizations ran aground on, it's that much likelier that we'll run aground of them too.

Even worse, whatever these catastrophes might entail, they could easily be awful enough to not merely keep us in low-Earth orbit, but to completely destroy humanity:

...the kind of societal collapse that merely delays the eventual emergence of a space‐colonizing civilization by a few hundred or a few thousand years would not help explain why no such civilization has visited us from another planet. A thousand years may seem a long time to an individual, but in this context it's a sneeze. There are planets that are billions of years older than Earth. Any intelligent species on those planets would have had ample time to recover from repeated social or ecological collapses. Even if they failed a thousand times before they succeeded, they could still have arrived here hundreds of millions of years ago.

To constitute an effective Great Filter, we hypothesize a terminal global cataclysm: an existential catastrophe. An existential risk is one where an adverse outcome would annihilate Earth‐originating intelligent life or permanently and drastically curtail its potential for future development.

In other words, if we advance technologically to the point that we might take to the stars, we might also be at a point where we can — and likely will — reduce ourselves to atoms. This could be the result of a terrible accident, warfare with the unthinkable weaponry of the future, or some other danger we haven't yet conceived of.

OK. So what's the good news? Or if not good, not frightening and depressing?

If — as I hope is the case — we are the only intelligent species that has ever evolved in our galaxy, and perhaps in the entire observable universe, it does not follow that our survival is not in danger. Nothing in the above reasoning precludes the Great Filter from being located both behind us and ahead of us. It might both be extremely improbable that intelligent life should arise on any given planet, and very improbable that intelligent life, once evolved, should succeed in becoming advanced enough to colonize space. But we would have some grounds for hope that all or most of the Great Filter is in our past if Mars is indeed found to be barren. In that case, we may have a significant chance& of one day growing into something almost unimaginably greater than we are today.

It's possible that we've overcome some absurd odds to exist in our present form and that incredible odds stand between us and interstellar travel. But, in a barren, lifeless Mars, Bostrom sees a ray of hope that the greater challenge is already behind us.

READ MORE: The Mars Rover Curiosity Has Finally Arrived At Her Destination

SEE ALSO: Elon Musk: SpaceX Wants To Build A City On Mars

DON'T MISS: Here's How India Made Such A Cheap Space Probe And Left Everyone Else In The Dust

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Stunning Drone Footage Shows Just How Enormous The Hong Kong Protests Really Are

Now It Sounds Like Japanese Giant SoftBank Won't Buy DreamWorks After All

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Shrek

Talks between Japan's SoftBank and DreamWorks Animation have reportedly cooled down, according to The Wall Street Journal.

An earlier report said that the deal would provide SoftBank "another route to try to fulfill [its] ambition of challenging America's top two wireless carriers, AT&T and Verizon."

SoftBank owns around 80% of Sprint, and earlier this year was looking to merge Sprint and T-Mobile, before it abandoned that deal

It wasn't clear what happened between when the talks started over the weekend and when they cooled down on Monday, the WSJ reported, but talks could restart in the future. 

DreamWorks Animation has produced films including "Shrek,""Madagascar," and "How To Train Your Dragon." 

SEE ALSO: REPORT: Japan's SoftBank Is In Talks To Acquire DreamWorks Animation

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This Woman's Revolutionary Idea Made Her A Billionaire — And Could Change Medicine

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Elizabeth Holmes Theranos

The next time you get a blood test, you might not have to go to the doctor and watch vials of blood fill up as the precious fluid is drawn from your arm.

No more wondering to yourself — "ah, how much more can they take before I pass out?"

Instead you might be able to walk into a Walgreens pharmacy for a reportedly painless fingerprick that will draw just a tiny drop of blood, thanks to Elizabeth Holmes, 30, the youngest woman and third-youngest billionaire on Forbes's newly-released annual ranking of the 400 richest Americans.

Revolutionizing the blood test is a golden idea.

Because of new testing methods developed by Holmes's startup Theranos, that lone drop can now yield a ton of information.

The company can run hundreds of tests on a drop of blood far more quickly than could be done with whole vials in the past — and it costs a lot less.

A Billion Dollar Idea

Holmes dropped out of Stanford at 19 to found what would become Theranos after deciding that her tuition money could be better put to use by transforming healthcare.

Traditional blood testing is shockingly difficult and expensive for a tool that's used so frequently. It also hasn't changed since the 1960s.

It's done in hospitals and doctor's offices. Vials of blood have to be sent out and tested, which can take weeks using traditional methods, and is prone to human error. And of course, sticking a needle in someone's arm scares some people enough that they avoid getting blood drawn, even when it could reveal life saving information.

Holmes recognized that process was ripe for disruption.

It took a decade for her idea to be ready for primetime, but now it seems that her decision to drop out was undoubtedly a good call. Last year, Walgreens announced that it will be installing Theranos Wellness Centers in pharmacies across the country, with locations already up and running in Phoenix and Palo Alto. And Holmes has raised $400 million in venture capital for Theranos, which is now valued at $9 billion (Holmes owns 50%).

The other two 30-year-olds that are just a little bit younger on Forbes's List, Facebook founder Mark Zuckerberg and his former roommate, Facebook CEO Dustin Moskovitz, also have access to a wealth of information about people — but their data is less likely to save a life.

elizabeth holmes theranos

How It Works

One closely-guarded secret is what MedCityNews calls"the most interesting part of [the Theranos] story": how exactly the technology behind its blood test works. The company's methods are protected by more than a dozen patents filed as far back as 2004 and as recently as last week.

In an interview with Wired, Holmes hinted at some of the key ideas behind Theranos.

"We had to develop... methodologies that would make it possible to accelerate results," she explained. "In the case of a virus or bacteria, traditionally tested using a culture, we measure the DNA of the pathogen instead so we can report results much faster."

While we can't yet assess independently how well that method works when compared to traditional blood tests, it already seems to be upending the old way of doing things.

Why Blood Tests?

Holmes told Medscape that she targeted lab medicine because it drives about 80% of clinical decisions made by doctors.

By zeroing in on the inefficiencies of that system, the Theranos approach completely revolutionizes it.

The new tests can be done without going to the doctor, which saves both money and time. Most results are available in about four hours, which means that you could swing by a pharmacy and have a test done the day before a doctor's visit, and then the results would be available for the physician.

Quick tests that can be done at any time are already a total change, but the amount of data the company can get from a single drop of blood is amazing.

Blood samples have traditionally been used for one test, but if a follow up was needed, another sample had to be drawn and sent out — making it less likely that someone would get care. The Theranos approach means the same drop can be used for dozens of different tests.

It's cheap too. One common criticism of the healthcare system is that the pricing structure is a confusing disaster of a labyrinth that makes it impossible to know how much anything costs. Theranos lists its prices online, and they're impressive.

Each test costs less than 50% of standard Medicare and Medicaid reimbursement rates. If those two programs were to perform all tests at those prices, they'd save $202 billion over the next decade, according to an interview with Holmes on Wired.

Plus, people get access to their own results.

As an example of how helpful that can be, Holmes told Wired that Theranos charges $35 for a fertility test, which is usually paid for out-of-pocket and costs up to $2,000.

But she also explained that this data could be useful for anyone looking to gain a better understanding of their health.

"By testing, you can start to understand your body, understand yourself, change your diet, change your lifestyle, and begin to change your life," she said.

SEE ALSO: How Healthy People Who Should Be Sick Could Revolutionize Medicine

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Apple's iCloud Is Back Up After Going Down For Some People (AAPL)

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iCloud, Apple's consumer cloud storage platform, was down for some people, but now everything seems to be up and running again, according to the company's support page. Here's what it looked like:

iCloud down page

But now all those red triangles are green, which means everything is running like it's supposed to. Apple's support page indicated this service outage went on for at least an hour, but it only affected some people.

It's unclear what caused the outage, or how many people were affected.

SEE ALSO: Two Bold Teenagers Walked Into An Apple Store And Bent An iPhone 6 Plus

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Chinese athletes set to shine at Asian Games

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Gold medallist Qatar's Femi Seun Ogunode (L) and silver medallist China's Su Bingtian pose with their medals on the podium during the victory ceremony for the men's 100m athletics event during the 17th Asian Games in Incheon

Incheon (South Korea) (AFP) - Chinese athletes aim to show their class in the Asian Games track and field on Tuesday after a row over talented imported from Africa.

Xia Wenjun will go for China's eighth successive 110 metres hurdles victory, taking up the mantle for injury-hobbled former Olympic champion Liu Xiang.

Li Jinzhe leads the field in the men's long jump, and he appears well placed to set a new Asian record on day three of the athletics competition.

As day 11 gets underway, China lead the way on the medals table with 112 gold medals from a possible 282, 68 ahead of second-placed hosts South Korea.

Winning performances from African-born track and field athletes representing Gulf states has helped slow China's charge, four years after their record 199 titles in 2010.

Qatar's Nigeria-born Femi Ogunode relegated China's Su Bingtan and Kei Takase of Japan to second and third as he set an Asian record 9.93sec in the men's 100m.

And teenager Ruth Jebet, who switched from Kenyan to Bahrain nationality last year, won the women's 3,000m steeplechase ahead of China's Li Zhenzhu.

But the Asian power will expect to grab gold through Xia and Li on day four of the athletics competition at Incheon Main Stadium.

 

- 'My goal is to win' -

Xia, heir to former world record-holder Liu, is the man to beat in the sprint hurdles after setting a personal best of 13.23sec this year.

Long jumper Li Jinzhe improved his personal best three times this year, and recorded last year's fourth-longest leap in the world at 8.34m.

His personal best of 8.47, already more than 30 centimetres over the Games record, is just one centimetre shy of Asia's best set by Saudi Arabia's Mohamed Al Khuwalidi in 2006.

Hosts South Korea and North Korea play Thailand and Iraq respectively as they aim to set up an emotional men's football final between the technically warring states.

India's multiple world champion Mary Kom is up against Vietnam's Le Thi Bang in the women's 51kg semi-finals as she goes for Asian gold.

Taiwan's Lu Yen-hsun, whose career scalps include Britain's Wimbledon winner Andy Murray, will defend his men's tennis title against Yoshihito Nishioka of Japan.

"It's going to be another tough match because he is a great player. We both should be happy, win or lose because we are representing our countries and will get medals," said Lu.

"But of course my goal is to win."

China's Chen Ruolin and Liu Hiuxia, and Cao Yuan and Lin Yue will expect diving wins in the women's 10m synchronised and the men's 3m springboard synchronised.

Hong Kong take on Malaysia and Sri Lanka play South Korea for a place in the men's cricket semi-finals.

There are also medals in mountain biking, bowling, wrestling and equestrian in venues scattered around South Korea's third city, west of Seoul. 

 

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