Event Begins: Wednesday, November 13, 2024 5:00pm
Location: Literature Science and Arts Building
Organized By: Maize Pages Student Organizations

Come Join us every Wednesday evening from 5-10pm at the Literature Science and Arts Building in the Transfer Student Center for a group study session. The space is dedicated during these hours for student veterans so feel free to drop in anytime during these hours. 

Event Begins: Wednesday, November 13, 2024 2:30pm
Location: Lorch Hall
Organized By: Department of Economics

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Event Begins: Wednesday, November 13, 2024 1:30pm
Location: Off Campus Location
Organized By: Institute for Social Research

Are you grappling with a piece of code, trying to compute on a cluster, or just getting started with a new method such as machine learning? Then we might have just the right space for you.

All members of the U-M community are invited to join our weekly virtual CoderSpaces to get research support and connect with others.

Tuesdays, 9:30-11 a.m. ET, via Zoom
Wednesdays, 1:30-3 p.m. ET, via Zoom

Event Begins: Wednesday, November 13, 2024 12:00pm
Location: Michigan Union
Organized By: Sexual Assault Prevention and Awareness Center (SAPAC)

We are excited to share that SAPAC will be hosting an additional Wellness Wednesday space! Many in our community have expressed a desire and need for more community connection and space to focus on wellness, so we are adding a session to our usual Wellness Wednesday schedule! 

Wellness Wednesdays is an informal drop-in series for self-care practices including coloring, journaling, crafting, reading, gentle music and socializing. This is also a great way to study in a supportive space. Snacks, hot cocoa, and tea provided!

SAPAC team members will be present. This is not a support group or a clinical group setting, but we are here to hold space, and provide connections to supportive resources if you have questions!

If you can't make it tomorrow, we encourage you to join us for the next scheduled session on November 20th! 

Location: SAPAC Shared Space - Rm 4100 (4th Floor Michigan Union)
When: Wednesday November 13th. 12-2pm

Event Begins: Wednesday, November 13, 2024 9:00am
Location: Alumni Center
Organized By: Alumni Association

The Alumni Association of the University of Michigan hosts Welcome Wednesdays for U-M students most Wednesday mornings throughout the fall and winter semesters. Start your day with free coffee, tea, hot chocolate, and a breakfast snack thanks to Alumni Association members.

Students can stop by the Alumni Center from 9 a.m. to noon for during the dates listed and make sure to bring your Mcard!

The following is a list of University of Toronto experts who can comment on a variety of issues related to the Three Amigos Summit. Robert Bothwell, Professor of International Relations at U of T’s Munk School of Global Affairs Expertise: What the three North American leaders will discuss, What are the pros and cons of free […]

Let’s start with basics you probably already know, but nevertheless. It’s important to explain the basics first. Electrostatic Discharge (or ESD) refers to the transfer of electrostatic charge between bodies at varied voltages that is caused by direct contact or... Read more

The post Never underestimate electrostatic discharge (ESD) while working with data networking equipment appeared first on EEP - Electrical Engineering Portal.

The PA Senate returned to the Capitol for full sessions and committee meetings. The Bishop of Harrisburg, Timothy Senior gave the opening prayer on Tuesday. That is in the first of our Facebook posts offered here. https://www.facebook.com/share/v/gji9z8diELbaWi5E/?mibextid=WC7FNe https://www.facebook.com/share/v/JLLp8LZNLFuBAyrH/?mibextid=WC7FNe https://www.facebook.com/share/v/XRs363N9Mvpog1pe/?mibextid=WC7FNe https://www.facebook.com/share/v/wGTgGutdEcf6vX6V/?mibextid=WC7FNe https://www.facebook.com/share/v/JRyWvi2KkipabkwQ/?mibextid=WC7FNe https://www.facebook.com/share/v/3aBxFaPwQxATNBJj/?mibextid=WC7FNe https://www.facebook.com/share/v/L7H8rK475qyztwnM/?mibextid=WC7FNe

11/13/2024 - 7:00 AM - Venue: Hen House Cafe

What do you charge for your teaching? If you want to take a fresh look at your tuition model, join us on Wednesday for an online discussion about this most important subject.

0900 GMT / 0400 US Eastern time: Olli Rehn, Governor of the Bank of Finland, and Bank of England Chief Economist Huw Pill speak on a panel at a conference organised by UBS in London

As Governor of the Bank of Finland Rehn is a member of the European Central Bank monetary policy board, the Governing Council.

Thus we'll get policy/economy comments relevant for the ECB and BoE for this one.

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:

There were numerous Fed speakers on Tuesday, US time:

• Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue
• Fed's Barkin: Fed in position to respond appropriately regardless of how economy evolves
• Fed's Waller: Makes no comments on economy or monetary policy outlook

and we get one more today in Asia:

• 2200 GMT / 1700 US Eastern time - Federal Reserve Bank of Philadelphia President Patrick Harker speaks on "Fintech, AI and the Changing Financial Landscape".

Which doesn't sound too promising for remarks from him on the economy or monetary policy. But, perhaps we'll get a mortsel thrown to us in any Q&A.

***

As for the data agenda, it's a bit of a yawn, none of it likely to move around major FX upon release.

From Japan we'll get an update of wholesale inflation - the PPI for October. The Producer Price Index (PPI) in Japan is also known as the Corporate Goods Price Index (CGPI)

• its a measure of the average change over time in the selling prices received by domestic producers for their output
• is calculated by the Bank of Japan

Unlike the Consumer Price Index (CPI), which measures the price change that consumers see for a basket of goods and services, the CGPI focuses on the change in the prices of goods sold by companies.

The PPI reflects some of cost pressures faced by producers

• its based on a basket of goods that represents the range of products produced within the Japanese economy, including items such as:
  • raw materials like metals and chemicals
  • semi-finished goods
  • and finished products
  • different weights are assigned to each category within the index based on its contribution to the overall economy.
• it does not account for the quality improvements in goods and services over time, which might lead to overestimation of inflation
  • additionally, it reflects only the prices of domestically produced goods, leaving out the impact of imported goods

The PPI can be used as a guide to inflationary pressures in the economy:

• If producers are facing higher costs, they may pass these on to consumers, leading to higher consumer prices.

***

From Australia we'll get wages data for Q3. Wage growth is expected to keep slowing (y/y) in Q3 2024. With the labor market softening, upward pressure on wages has been easing over recent quarters.

In Commonwealth Bank of Australia's preview they cite their internal data as indicating a quarterly wage growth of around 0.9%, a notable decrease from the 1.3% growth seen in the same quarter last year, which had been boosted by a significant 5.75% increase in award and minimum wages. As a result, the annual wage growth rate is projected to fall to 3.6%, bringing it closer to a level compatible with sustainable, in-target inflation.

While the labour market softening, but from strong levels, the RBA is eyeing wage growth as a factor helping keep inflation sticky. A moderation in growth for wages will be welcomed by the bank if it translates into softening price pressure also.

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
• I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.

CPI data from the US due today, Wednesday, November 13, 2024.

Greg popped up a preview earlier:

• US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoM

In a recent note, BMO previewed the data also. Analysts at the bank suggest that any significant influence from recent storms on inflation data is likely limited, meaning market reactions to any deviation in core inflation—either upward or downward—may be pronounced.

The consensus forecast calls for a steady +0.3% rise in core CPI for the month, with expectations leaning toward a possible upside surprise.

A +0.4% reading or higher would make waves, particularly against the backdrop of the recent election results. The logic suggests that if inflation was already ticking up before the GOP’s victory, the added impact of tariffs and potential trade conflicts could fuel further inflationary momentum. However, BMO analysts also point out that while targeted tariffs may not universally drive up prices, this assumption currently shapes US rates market sentiment. With this market outlook in mind, BMO expects that an upside surprise in October’s inflation numbers could have a meaningful impact on yields, increasing their upward trajectory.

At present, actual inflation data is seen as the most direct factor that could push 10-year yields beyond the 4.50% threshold. A softer-than-expected core CPI reading could trigger a rally in the Treasury market, though there appears to be a limit to how much the market will temper expectations for inflation following Trump’s victory. Instead, BMO anticipates the market will continue to define a trading range in this post-election landscape, characterized by a mix of cautious optimism and prevailing skepticism.

0945 GMT / 0445 US Eastern time - Bank of England policymaker Catherine Mann is a panellist on the Female Central Bankers panel organised by BNP Paribas’ Global Markets

*

The Bank of England cut last week

• Forexlive Americas FX news wrap 7 Nov: FOMC/BOE cuts by 25 basis points

Expectations are for slower cuts ahead:

• More gradual Bank of England rate cuts = support for GBP

Later today, Wednesday, 13 November, we get the US consumer inflation data for October 2024

• due at 1330 GMT, which is 0830 US Eastern time

Previews posted already:

• US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoM

• US CPI data due Wednesday - possible upside surprise.
• US inflation data this week expected to show core CPI moving sideways - risk ahead higher

OK, what to expect. This snapshot from the ForexLive economic data calendar, access it here.

Taking a look at the range of expectations compared to the median consensus (the 'expected' in the screenshot above) for the key data points:

CPI Headline y/y, expected 2.6% with the range showing:

• 2.3% - 2.7%

CPI Headline m/m expected 0.2% with the range showing:

• 0.1 to 0.3%

CPI excluding food and energy (the core rate of inflation) y/y expected 3.3% with the range showing:

• 3.2 - 3.4%

CPI excluding food and energy (the core rate of inflation) m/m expected 0.3% with the range showing:

• 0.2 to 0.4%

***

Why is knowledge of such ranges important?

Data results that fall outside of market low and high expectations tend to move markets more significantly for several reasons:

• Surprise Factor: Markets often price in expectations based on forecasts and previous trends. When data significantly deviates from these expectations, it creates a surprise effect. This can lead to rapid revaluation of assets as investors and traders reassess their positions based on the new information.

• Psychological Impact: Investors and traders are influenced by psychological factors. Extreme data points can evoke strong emotional reactions, leading to overreactions in the market. This can amplify market movements, especially in the short term.

• Risk Reassessment: Unexpected data can lead to a reassessment of risk. If data significantly underperforms or outperforms expectations, it can change the perceived risk of certain investments. For instance, better-than-expected economic data may reduce the perceived risk of investing in equities, leading to a market rally.

• Triggering of Automated Trading: In today’s markets, a significant portion of trading is done by algorithms. These automated systems often have pre-set conditions or thresholds that, when triggered by unexpected data, can lead to large-scale buying or selling.

• Impact on Monetary and Fiscal Policies: Data that is significantly off from expectations can influence the policies of central banks and governments. For example, in the case of the inflation data due today, weaker than expected will fuel speculation of nearer and larger Federal Open Market Committee (FOMC) rate cuts. A stronger (i.e. higher) CPI report will diminish such expectations. the December meeting is in focus right now.

• Liquidity and Market Depth: In some cases, extreme data points can affect market liquidity. If the data is unexpected enough, it might lead to a temporary imbalance in buyers and sellers, causing larger market moves until a new equilibrium is found.

• Chain Reactions and Correlations: Financial markets are interconnected. A significant move in one market or asset class due to unexpected data can lead to correlated moves in other markets, amplifying the overall market impact.

We had Fed speakers on Tuesday US time, Kashkari watered down the prospect of a December rate cut ... didn;t rule it out but he sounds shaky:

• Fed's Kashkari: The fundamentals seems strong and I'm optimistic that will continue
• Fed's Barkin: Fed in position to respond appropriately regardless of how economy evolves
• Fed's Waller: Makes no comments on economy or monetary policy outlook

The agenda ahead includes another three. The times below are GMT/US Eastern time format:

• 1435/0935 Federal Reserve Bank of Dallas President Lorie Logan gives opening remarks before hybrid "Energy and the Economy: Meeting Rising Energy Demand" Conference hosted by the Federal Reserve Banks of Dallas and Kansas City
• 1800/1300 Federal Reserve Bank of St. Louis President Alberto Musalem speaks before an Economic Club of Memphis luncheon
• 1830/1330 Federal Reserve Bank of Kansas City President Jeffrey Schmid gives luncheon keynote before hybrid "Energy and the Economy: Meeting Rising Energy Demand" Conference hosted by the Federal Reserve Banks of Dallas and Kansas City

CHISINAU, 25 July 2016 – OSCE Chairperson-in-Office and German Federal Minister for Foreign Affairs Frank-Walter Steinmeier, is traveling to Moldova and will have talks in Chisinau and Tiraspol on 26 July 2016.

As the Spokesperson of the German Federal Foreign Office said in Berlin today, the visit to Moldova aims at strengthening the momentum that has recently been reinvigorated in the negotiation process on the settlement of the Transdniestrian conflict. On 2-3 June 2016 in Berlin the negotiators of the 5+2 Process met for the first time after a period of two years, and committed to undertaking concrete steps, including in the fields of ecology, education, transportation and telecommunications.

“We hope that there is a chance to bring this long-standing conflict step by step closer to a settlement,” said the Spokesperson.

In Chisinau, Steinmeier will meet with Speaker of Parliament Andrian Candu, Prime Minister Pavel Filip, Deputy Prime Minister and Minister of Foreign Affairs and European Integration Andrei Galbur, and Deputy Prime Minister for Reintegration and Moldovan Political Representative Gheorghe Balan.

In Tiraspol, the Chairperson-in-Office will meet a representative of the Transdniestrian leadership, Pavel Prokudin, Speaker of the Supreme Soviet, Vadim Krasnoslesky and the Transdniestrian Political Representative, Vitaly Ignatiev.

Related Stories

• OSCE Chairperson-in-Office Steinmeier, in Moldova, calls for swift and full implementation of confidence-building measures
• Urgent steps needed towards full respect for ceasefire in eastern Ukraine, says OSCE Chairmanship Special Representative and Chief Monitor
• OSCE Chairperson-in-Office Frank-Walter Steinmeier to visit Moldova on Tuesday

Montverde Academy and Circle Christian have strong Round 1 outings at the girls Class 1A golf state championship.

Abrieron el local hace cuatro años y se hicieron virales al incluir el sueldo de los camareros en la carta Leer

La llegada del mal tiempo hace más complicado viajar en los próximos meses. En la DANA de esta semana en Valencia, ha habido decenas de fallecidos cuando intentaban salvar sus coches de una inundación de la que nunca fueron conscientes. Leer

El dueño del restaurante Casa Nova se define como una "persona normal" pese a compatibilizar su sugerente propuesta gastronómica con decenas de proyectos solidarios de la ONG Global Humanitaria Leer

Los funcionarios registran sus peticiones en el concurso de traslados hartos de la inacción del Ejecutivo autonómico ante reclamaciones sin respuesta desde 2021. Comisiones Obreras (CCOO) denuncia la "sobrecarga de trabajo" de los empleados públicos y exige a San José medios para "un servicio penitenciario público de calidad Leer

En España serán casi las diez menos veinte de la noche del 13 de noviembre, así que no veremos cómo el Sol se esconde tras la Luna. Pero en Australia y otras escasas tierras isleñas del Pacífico Sur será a pleno día, y una vez más los cazadores de eclipses que se han congregado desde todos los lugares del mundo sentirán unos pocos minutos de intensa emoción. Será, como pasa en los eclipses totales de Sol, la noche más corta en pleno día.

¿Tiene sentido pretender ser más listo que todo el mundo en esta época? Algunos medios de comunicación siguen empeñados en hacerlo, y hasta las instituciones de la investigación científica caen en la tentación de convertirse en protagonistas de una nueva versión de Pedro y el Lobo, haciéndonos sufrir cada vez. Sin duda, quien más (y mejor) lo hace, es la NASA. Y cada vez que viene con el cuento de que algo maravilloso está a punto de ocurrir (la frase ya la dijo el astronauta ficticio Dave Bowman en 2001: una odisea del espacio, de Stanley Kubrick) uno se echa a temblar. ¿Habrá algo? ¿Vida en Marte? Difícil, difícil, esta vez no son los lobos, sino mercadotecnia de la era digital.

Este pasado lunes, desde San Francisco, se han dado a conocer los primeros resultados de las mediciones que el rover marciano Curiosity ha hecho de muestras de suelo del cráter Gale, por donde se pasea el popular robot. Y no hay nada que obligue a cambiar los libros de texto, ni la soñada noticia de que han encontrado vida en Marte. La noticia es que todo va bien, como se esperaba de una misión que lleva 4 meses trabajando y a la que le quedan muchísimos más...

El Jefe del Estado visita dos cuarteles y un buque para conocer el trabajo de los 8.454 militares desplegados Leer

 Leer

Esta estimación de costes no contempla la adquisición de nuevos muebles y otros enseres, por lo que el desembolso total de los propietarios será superior Leer

"La destrucción de casas convertidas en bases de terror no es gratuita y tiene como objetivo evitar que desde allí ataquen a nuestros ciudadano", cuenta un oficial Leer

El diario EL MUNDO en su edición impresa crece un 4% en la 2ª ola del EGM de 2024. Suma 19.000 lectores diarios y se sitúa en 506.000 lectores. Es el diario de información general que más lectores gana en este control. Se trata de la 4º ola consecutiva de crecimiento con el mejor dato de audiencia desde 2020 Leer

Si logra el campeonato igualará el récord con el Barcelona, que este año no participa en la liga por razones presupuestarias Leer

Los bancos conceden en 2022 la cuantía más baja de la serie a familias y empresas: 10.658 millones. Expertos apuntan a la reducción de la dependencia de financiación externa y miedo al alza de tipos de interés Leer

Más de 20 patronales, colegios y autoridades económicas de Castellón y la Comunidad apoyan el manifiesto en defensa del clúster cerámico: o las ayudas llegan ya o la economía y sociedad de Castellón pueden irse a pique Leer

"Entendemos que haya mucha tristeza y mucha rabia... Pero en ningún momento puede convertirse en un acto con un trasfondo lleno de intereses", señala en un comunicado Leer

La Brigada de Extranjería de Valencia ha abierto unas laboriosas pesquisas para intentar determinar quién dio los documentos a los migrantes y dónde Leer

En el hotel más alto del país, una ciudad dentro de la ciudad.

Hace 10 años, la intolerancia y la intransigencia de un puñado de fanáticos conectados en varios lugares del mundo echaron un pulso a Estados Unidos y con el a todas las sociedades democráticas.

El guitarrista lleva a la Bienal de Sevilla 'Noches de Flamenco y Blues', el disco en el que colaboró con B. B. King y Kiko Veneno hace 26 años Leer

Turabdın’de Yaşamak Ateşden Gömlek Gıymektır

The November 2024 Patch Tuesday updates for Windows 11 versions 24H2 and 23H2 make it possible to use the Copilot key on PCs that have one to open other apps.

The post Microsoft Releases November 2024 Patch Tuesday Updates appeared first on Thurrott.com.

Chris Rock used to do a bit about the time Ed Bradley interviewed Michael Jackson on “60 Minutes.” Rumors and lawsuits had begun to swirl around Jackson, and Bradley had to bring up the subject…

British tennis star reaches last eight at LTA Viking Classic Birmingham.

The incoming Senate Republican Conference will meet Wednesday morning to elect the successor of Senate Minority Leader Mitch McConnell, R-Ky.

I'm listening to NPR's streaming "First Listen" of Cibo Matto's "Emerald Tuesday," off the forthcoming Hotel Valentine, and I know this song it's sampling from the first note. (And I think that's the point of the lyrics, that the ghost in the song listened/listens to the sampled song all the time.) I feel like it's also something my husband listens to all the time, or that was in a movie I just saw, but I can't pin it down. My first thought was Curtis Mayfield, but I'm not finding it. I know it's going to seem obvious to me once you tell me, but nonetheless—help! What is that song?

Ahead of President Donald Trump's visit to the Atlanta area on Wednesday, prominent Georgia Democrats have scheduled a news conference to "slam" what they call the president's "failed coronavirus response," the group announced in a press release. For state Republican leaders, the visit offers an opportunity to showcase Trump before the GOP base as the November election approaches.

Gov. Kathy Hochul of New York will face Representative Lee Zeldin this fall. Two Trump-endorsed candidates won key primaries in Illinois. Here’s what else happened.

Democratic interference in Republican primaries paid off in some places but not others, election-denying candidates were halted in Colorado, and incumbents proved their staying power.

Henao habla sobre el informe de la ONU respecto a la situación de los líderes sociales