Ten fire engines were at the scene

The Brigade's 999 Control Officers took 22 calls to the fire

As of 5 p.m. Wednesday, hundreds of students were forced to leave Stanford University, which is also reducing financial aid for students.

The former Stanford University president emphasized undergraduate teaching, led a $1-billion capital campaign and earned a reputation as "the students' president."

Participants in the Stanford study self-selected, among other flaws. Its results do not reveal anything meaningful about the coronavirus.

The 'Ford v Ferrari' sound teams recorded 28 tracks' worth of period accurate Ferrari and Ford GT40 engines to add to the mix.

Peter Chernin, producer of the Oscar-nominated 'Ford v. Ferrari,' strikes a movie deal with Netflix.

Ford Motor Co. on Sunday unveiled its all-new fully electric vehicle, the Mustang Mach-E.

Ford turns to electrified pickups, performance cars and SUVs to meet California's greenhouse gas regulations.

Watford chairman Scott Duxbury has questioned whether the Premier League should return amid the coronavirus pandemic.

Leeds fans have demanded that Kiko Casilla never plays for Marcelo Bielsa's side again, after the goalkeeper made a horrendous mistake to gift Brentford the lead at Griffin Park, in a crucial Championship promotion clash.

Leeds United boss Marcelo Bielsa has defended his goalkeeper Kiko Casilla after his mistake led to an easy goal for Brentford.

Kiko Casilla's mistake cost Leeds in their 1-1 draw at Brentford on Tuesday night.

Leeds face Huddersfield in the Championship on Saturday, as Marcelo Bielsa aims to continue his the Whites' superb form at Elland Road. We bring you the latest team news and predicted line up, as the manager makes a key decision on whether to drop striker Patrick Bamford, as Kiko Casilla remains banned.

Manchester United are reportedly interested in signing Inter Milan striker Lautaro Martinez this summer.

THE entire world is in the middle of a terrible pandemic. Everyone is worried sick both about catching it and the long-term effects of putting the global economy in the deep freeze. People are concerned about jobs, health, the wellbeing of elderly relatives.

Leeds manager Marcelo Bielsa has admitted that he faces a selection headache for the Whites' Championship game against Huddersfield on Saturday, and he could drop striker Patrick Bamford in favour of youngster Tyler Roberts, with the 21-year-old scoring twice against Hull last weekend.

Wayne Rooney is set to start for Derby against Manchester United tonight in their FA Cup clash.

Leeds fans have demanded that Patrick Bamford is dropped by Marcelo Bielsa from his starting line-up, after the Whites striker missed a big chance to double the club's lead against Middlesbrough in the Championship, during their 1-0 win at the Riverside.

HURRICANE warnings may soon become more common in the Atlantic and Pacific this year, as America's deadliest season is on approach. This year devastating storms could pummel the coast in a "very active" hurricane season which may come as one hardship too many for many areas.

Watford chairman Scott Duxbury has questioned whether the Premier League should return amid the coronavirus pandemic.

Mitsubishi Electric Automation, Inc. Equal Opportunity Employer: Mitsubishi Electric Automation, Inc. ("MEAU") is committed to the employment and advancement of minorities, females, individuals with disabilities, and veterans. We are an equal opportunity employer and do not discriminate in hiring or

Mitsubishi Electric Automation, Inc. Equal Opportunity Employer: Mitsubishi Electric Automation, Inc. ("MEAU") is committed to the employment and advancement of minorities, females, individuals with disabilities, and veterans. We are an equal opportunity employer and do not discriminate in hiring or

THE entire world is in the middle of a terrible pandemic. Everyone is worried sick both about catching it and the long-term effects of putting the global economy in the deep freeze. People are concerned about jobs, health, the wellbeing of elderly relatives.

The Western world remains where it has been for some time, delicately poised between anaemic recovery and a shock that could tip us back into economic contraction.

Perhaps the most conspicuous manifestation of the instability is that investors can't make up their minds whether the greater risk comes from surging inflation that stems largely from China's irrepressible growth or the deflationary impact of the unsustainable burden of debt on peripheral and not-so-peripheral eurozone (and other) economies.

And whence do investors flee when it all looks scary and uncertain, especially when there's a heightened probability of specie debasement - to gold, of course.

Unsurprisingly, with the German finance minister, Wolfgang Schauble, implying that a writedown of Greece's sovereign obligations is an option, and with consumer inflation in China hitting 5.4% in March, there has been a flight to the putative safety of precious metal: the gold price hit a new record of $1,480.50 per ounce for June delivery yesterday and could well break through $1,500 within days (say the analysts). Silver is hitting 30-year highs.

In a way, if a sovereign borrower were to turn €100bn of debts (for example) into an obligation to repay 70bn euros, that would be a form of inflation - it has the same economic impact, a degradation of value, for the lender. But it is a localised inflation; only the specific creditors suffer directly (though there may be all sorts of spillover damage for others).

And only this morning there was another blow to the perceived value of a chunk of euro-denominated sovereign obligations. Moody's has downgraded Irish government debt to one level above junk - which is the equivalent of a bookmaker lengthening the odds the on that country's ability to avoid controlled or uncontrolled default.

Some would say that the Irish government has made a start in writing down debt, with the disclosure by the Irish finance minister Michael Noonan yesterday that he would want to impose up to 6bn euros of losses on holders of so-called subordinated loans to Irish banks.

But I suppose the big story in the eurozone, following the decision by the European Central Bank to raise interest rates, is that the region's excessive government and bank debts are more likely to be cut down to manageable size by a restructuring - writedowns of the amount owed - than by generalised inflation that erodes the real value of the principal.

The decision of the ECB to raise rates has to be seen as a policy decision that - in a worst case - a sovereign default by an Ireland, or Greece or Portugal would be less harmful than endemic inflation.

But is that right? How much damage would be wreaked if Greece or Ireland or Portugal attempted to reduce the nominal amount they owe to levels they felt they could afford?

Let's push to one side the reputational and economic costs to those countries - which are quite big things to ignore, by the way - and simply look at the damage to external creditors from a debt write down.

And I am also going to ignore the difference between a planned, consensual reduction in sums owed - a restructuring that takes place with the blessing of the rest of the eurozone and the International Monetary Fund - and a unilateral declaration of de facto bankruptcy by a Greece, Ireland or Portugal (although the shock value of the latter could have much graver consequences for the health of the financial system).

So the first question is how much of the impaired debt is held by institutions and investors that could not afford to take the losses.

Now I hope it isn't naive to assume that pension funds, insurance companies, hedge funds and central banks that hold Greek, or Irish or Portuguese debt can cope with losses generated by a debt restructuring.

The reason for mild optimism in that sense is that those who finance investments made by pension funds and insurers - that's you and me by the way - can't get their money out quickly or easily. We simply have to grin and bear the losses to the value of our savings, when the stewards of our savings make lousy investment decisions.

As for hedge funds, when they make bad bets, they can suffer devastating withdrawals of finance by their investors, as and when the returns generated swing from positive to negative. But so long as those hedge funds haven't borrowed too much, so long as they are not too leveraged - and most aren't these days - the impact on the financial system shouldn't be significant.

Finally, if the European Central Bank - for example - ends up incurring big losses on its substantial holdings of Greek, Portuguese and Irish debt, it can always be recapitalised by solvent eurozone nations, notably by Germany and France.

However this is to ignore the node of fragility in the financial system, the faultline - which is the banking industry.

In the financial system's network of interconnecting assets and liabilities, it is the banks as a cluster that always have the potential to amplify the impact of debt writedowns, in a way that can wreak wider havoc.

That's built into their main function, as maturity transformers. Since banks' creditors can always demand their money back at whim, but banks can't retrieve their loans from their creditors (homeowners, businesses, governments), bank losses above the norm can be painful both for banks and for the rest of us.

Any event that undermines confidence in the safety of money lent to banks, will - in a best case - make it more difficult for a bank to borrow and lend, and will, in the worst case, tip the bank into insolvency.

Which, of course, is what we saw on a global systemic scale from the summer of 2007 to the end of 2008. That's when creditors to banks became increasingly anxious about potential losses faced by banks from a great range of loans and investments, starting with US sub-prime.

So what we need to know is whether the banking system could afford losses generated by Greek, Irish and Portuguese defaults.

And to assess this, we need to know how much overseas banks have lent to the governments of these countries and also - probably - to the banks of these countries, in that recent painful experience has told us that bank liabilities become sovereign liabilities, when the going gets tough.

According to the latest published analysis by the Bank for International Settlements (the central bankers'central bank), the total exposure of overseas banks to the governments and banks of Greece, Portugal and Ireland is "just" $362.2bn, or £224bn,

Now let's make the heroic guess that a rational writedown of this debt to a sustainable level would see a third of it written off - which would generate $121bn (£75bn) of losses for banks outside the countries concerned.

If those loans were spread relatively evenly between banks around the world, losses on that scale would be a headache, but nothing worse.

But this tainted cookie doesn't crumble quite like that. Just under a third of the relevant exposure to public sector and banks of the three debt-challenged states, some $118bn, sits on the balance sheets of German banks, according to the BIS.

For all the formidable strength of the German economy, the balance sheets of Germany's banks are by no means the strongest in the world. German banks would not be able to shrug off $39bn or £24bn of potential losses on Portuguese, Irish and Greek loans as a matter of little consequence.

This suggests that it is in the German national interest to help Portugal, Ireland and Greece avoid default.

If you are a Greek, Portuguese or Irish citizen this might bring on something of a wry smile - because you would probably be aware that the more punitive of the bailout terms imposed by the eurozone on these countries (or about to be imposed in Portugal's case) is the expression of a German desire to spank reckless borrowers.

But as I have mentioned here before, reckless lending can be the moral (or immoral) equivalent of reckless borrowing. And German banks were not models of Lutheran prudence in that regard.

If punitive bailout terms make it more likely that Ireland, Greece or Portugal will eventually default, you might wonder whether there has been an element of masochism in the German government's negotiating position.

"I'm pretty sure he's one-and-done. I just want to see how they develop him. What they do for him is key for me."

Despite a rough outing Tuesday night, Brad Stevens and Celtics believe the future is bright for the pride of New Albany.

Romeo Langford reflects on a tough outing Tuesday night and what it was like playing in Indiana again.

Watford become the third team to publicly oppose the use of neutral venues when Premier League football returns.

If there is anything we should be doing at this moment, it is to ensure that elections are safe, accessible and fair, J.D. Ford writes.

Pavinya Nithiyakumar, aged 19 months, and Nigish Nithiyakumar, three, were found with stab wounds.

Premier Doug Ford is asking Ottawans dreaming of a visit to their Quebec cottage or loved ones to “stay within our own province until this gets over with.”

Even two filmmaking legends can cast the wrong villains amid massive industry change.

Fordham University business students are using virtual reality to prepare them for boardrooms.

Ford Motor has unveiled the Mustang Mach-E, an all-electric sport utility vehicle that the company claims will have a range of at least 230 miles.

An eight-year-old boy with good intentions sparked a missing person search on Tuesday.

Grey Bruce provincial police say the OPP canine unit found human remains in Meaford, and one person is under arrest.

Chatham House has signed an agreement with Oxford University Press (OUP) to publish International Affairs from 2017.

9 December 2019

9 December 2019

Expert

Maciej Bocheński and Aleksy Tralle
Proc. Amer. Math. Soc. 148 (2020), 2743-2744.
Abstract, references and article information

OP-CONTRIBUTION: EMPLOYMENT CONTRACTS The COVID-19 pandemic is hitting businesses and the economy in a manner perhaps not seen since the Second World War. This, of course, has affected the ability of employers to pay their employees. The COVID-19...

The New Orleans Saints released Pro Bowl offensive lineman Larry Warford after three seasons, the team announced Friday.

An Illinois orthodontist won the American Dental Association's 2019 John W. Stanford New Investigator Award for her research paper evaluating the effects of eight cleaning methods on copolyester polymer, a material commonly used in clear thermoplastic retainers.

OBJECTIVE

To determine the effect of fitness on the association between BMI and mortality among patients with diabetes.

Privacy isn't dead, but face surveillance technology might kill it, says civil rights advocate Kade Crockford. In an eye-opening talk, Kade outlines the startling reasons why this invasive technology -- powered by often-flawed facial recognition databases that track people without their knowledge -- poses unprecedented threats to your fundamental rights. Learn what can be done to ban government use before it's too late.