Source: Streetwise Reports 11/12/2024

As 321gold's Bob Moriarty discussed the outcome of the BRICS conference in Russia and the state of the gold market with Robert Sinn of Goldfinger Capital, he lamented the need for more young gold bugs to enter the market as the yellow metal enters what he predicted will be a five- to 10-year bull market.

Sinn said at a recent conference, despite recent record gold prices, two-thirds of the seats were empty at gold panels with experts talking about likely windfalls in 2025.

"If you went to a gold conference last year, what was the average age?" Moriarty said during the interview posted last month, guessing 67 "or higher." "We have to get young people into the market, and we have not done that yet. The fact is that nobody's (at) the gold show because they all died of old age."

Moriarty said he expects there will be plenty of those windfalls coming in the bull market. He said there "absolutely has to be" more majors doing acquisitions.

Before the Bre-X scandal of the 1990s, in which fraudulent samples led to the collapse of the CA$6 billion company, most major mining companies had their own exploration departments, which many later cut, Moriarty pointed out.

"Since 2000, all of the exploration has been juniors," he said. "So, there has to be a lot more M&A activity. There has to be."

Yukon Projects Won't Go For 'Chump Change'

Gold hit its latest record high on October 30. It slid after the election, but most experts agree it is in a bull market and will continue to be.

"We are still relatively constructive on gold," said Taylor Krystkowiak, investment strategist at Themes ETFs, according to a report by Ian Salisbury for Barron's. "Why does gold go up? It's geopolitical uncertainty, it's deficit spending, and it's inflation. Right now, all those stars are aligned."

Despite pushbacks during its rise, "gold continues to climb," Nick Fulton, managing partner at USA Pawn, told Newsweek. "When we saw US$2,600 an ounce gold, I thought US$2,800 by the end of the year. Now? We could see gold at US$3,000 an ounce happen in a 30-day time span."

Moriarty said the highest recent scores logged by sentiment indices on gold and silver, which are reflected in a scale of 0 to 100, are lower than he would expect at "88 for gold and 88 for silver."

"I would think it would be in the 90s, and it's not," he said. Silver, for instance, when it hit its all-time record high in 1980, had a score of 95, he said.

The juniors should be performing "three or four times higher, and they're not," Moriarty said.

"So, were in an interesting situation," he said. "We're going to have five to 10 years at least of a bull market. And when the dollar changes its value dramatically, it's going to drive gold and silver much higher."

Moriarty said the majors are "trying to go out and pick up copper projects now," which he doesn't think makes sense.

"The majors are always wrong," he said. "They're paying the most for projects at the very top. Projects are being given because they're not interested. But when you have four major projects in one small area in the Yukon (and) those projects are going into production, somebody is going to buy them. But I don't think they're going to buy them for chump change. I think it's going to cost some money."

BRICS Conference: 'Who Cares?'

The two also discussed the recent BRICS meeting Russia. An intergovernmental organization, BRICS is an acronym for founding members Brazil, Russia, India, China, South Africa. Iran, Egypt, Ethiopia, and the United Arab Emirates are all full members now and it has also expanded to add 13 new "partner nations."

But one thing it didn't do was settle on a common currency for the countries, which disappointed Moriarty.

"I think the BRICS meeting was really important, and I was hoping for kind of agreement on what the BRICS financial solution is, and they really didn't come up with it," he said. "It was a meet and greet, and they talked about opening commodities exchanges. Who cares?"

This potential currency would allow these nations to "assert their economic independence while competing with the existing international financial system," wrote Melissa Pistilli of Investing News Network. "The current system is dominated by the US dollar, which accounts for about 90 percent of all currency trading."

Russian President Vladimir Putin presented a colorful mockup of a BRICS bank note at the conference, but Moriarty wasn't impressed.

"They need to do something, but they haven't done it yet. "You've got dozens of countries that recognize (that) the stranglehold the United States has on the rest of the world geopolitically is a negative for the rest of the world. And they all agree that that needs to change, but nobody's talked about how to do it."

Sitka Gold Corp.

One company Moriarty and Sinn discussed was Sitka Gold Corp. (SIG:TSXV; SITKF:OTCQB; 1RF:FSE), which recently released high-grade intercepts from its RC Gold Project in the Tombstone Gold Belt of Yukon.

The standout results included one hole that returned 678.1 meters of 1.04 grams per tonne gold (g/t Au) from surface, including 409.5 meters of 1.36 g/t Au, and 93 meters grading 2.57 g/t Au. The intercept also contained a high-grade core of 5.5 meters grading 17.59 g/t Au.

The results extended gold mineralization approximately 200 meters deeper than any previously drilled hole at the Blackjack deposit, signaling the potential for continued high-grade mineralization at depth and showing persistent mineralization throughout the entire 708.7-meter length of the hole.

Moriarty said the company is drilling Clear Creek on the RC property now, "and I think we're going to see a lot. More 400-, 500-, 600-meter intercepts. So, what's going to happen is the majors are going to wake up."

He predicted the company could be another Snowline Gold Corp. (SGD:CSE; SNWGF:OTCQB), which "has somewhere between seven and eight times the market cap" of Sitka. At the time of writing, Snowline had a market cap of CA$883 million to Sitka's CA$129 million.

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1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Snowline Gold Corp.
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( Companies Mentioned: SIG:TSXV; SITKF:OTCQB; 1RF:FSE, )

Japan-based startup SmartBank has announced the rise of a USD 26 million funding round, aimed at the development of its personal finance management app. 

US-based identity platform Persona has partnered with Okta to deliver an automated identity verification solution and support organisations to safeguard against phishing and deepfakes. 

Canada-based fintech firm Nuvei has announced that it has obtained all necessary regulatory approvals to move forward with its acquisition by Neon Maple Purchaser.

Bluefin has expanded the capabilities of its PayConex Omnichannel Gateway to support Flexible Spending Account (FSA) and Health Savings Account (HSA) payments.

Crypto payment gateway Alchemy Pay has acquired Money Transmitter Licences (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming.

Citi has announced its partnership with Bank of Shanghai in order to launch a payment solution for international travelers that visit the region of China.

Fideuram Intesa Sanpaolo Private Banking (FISPB), Intesa Sanpaolo Group’s private bank, has partnered with BlackRock to advance the expansion of its Digital Wealth Management solution in Italy and Europe. 

SafetyTech company Privately SA has partnered with Privado ID to develop a privacy-focused, device-based age verification solution.

Patt's Hats for Monday, April 8.; Credit: Michelle Lanz/KPCC

The twinset, in russet and camel colors, was my ‘homage’ to Margaret Thatcher, Britain’s first woman prime minister, who died Monday at the Ritz Hotel in London.
 
If you're unfamiliar with a twinset, it's the classic matching sweater-duo ensemble, sleeveless or short-sleeved sweater under a cardigan, a style much favored in the U.S. by June Cleaver and sorority girls in the 1950s, like the classic insufferable rich sorority girl parody from “Auntie Mame":

And in Britain by a lady of a certain age and certain class. It is usually worn with pearls, ideally three strands. Odd numbers of strands are considered more chic than even numbers. It’s probably what she wore “off duty” as prime minister.

One can’t see her [see, I’m channeling her already!] lounging about Number 10 Downing Street in velour sweats, but on duty and on display in her prime ministerial position, though, she almost always wore a kind of uniform, a brightly colored suit, ladylike but not alluring, and not unlike what the Queen wears. [In the same spirit, the Queen wears twinsets when she’s off-duty and having fun, which is to say at some horsy event or another.] 

Because Thatcher was Britain’s first woman prime minister, Britons enjoyed handicapping the relationship between their head of state [the Queen] and the head of government [the prime minister]. Theirs was not the affectionate relationship of, for example, the Queen and Winston Churchill. And the best sartorial story about the relationship is the story – which has entered into myth if not into the annals of fact – that Mrs. Thatcher’s office once called Buckingham Palace in advance of a joint appearance to find out what the Queen would be wearing so Mrs. Thatcher wouldn’t commit lese majeste and wear the same color.

The Queen, Mrs. T’s office was informed, doesn’t take any notice of what other people are wearing.
 
I wrote about Mrs. T when she came here in 1991 to celebrate the 80th birthday of her “political soulmate,” former president Ronald Reagan. She visited the Reagan library, under construction, and the JPL, among other spots. You can read that account here.
 
And here’s my obituary of the former PM.
 
I last saw her in 2002, in St. Paul’s Cathedral, at the celebration of the Queen’s golden jubilee. I actually heard her before I saw her – that unmistakably clear voice whose pitch she worked hard to shape into the pitch and tone that became part of her political toolkit. Her funeral, next Wednesday, will be at St. Paul’s. 

Now back to my outfit! The skirt is a vintage Sonia Rykiel, which is worth the constant battle with moths to keep it in repair. I like vintage for myriad reasons: no one else is wearing what you’re wearing … the fabrics are usually of much better quality and more interesting than present-day ones … and unlike current store-bought things, vintage has the merit of being environmentally friendly.
 
I was tickled to see my viewpoint endorsed by the accomplished Vanessa Paradis, the charming and glamorous French singer and actress, Chanel model, Lagerfeld muse, and the new face of H&M’s new environmentally conscious line. Here she talks about embracing those virtues herself. Merci, Vanessa!
 
Oh, I spared the oysters and didn’t wear pearls with my twinset. Rose gold is the choice du jour.  Real? I wish!

This content is from Southern California Public Radio. View the original story at SCPR.org.

Patt's outfit for April 12, 2013.; Credit: Michelle Lanz/KPCC

You don’t believe it looking out your windows in Southern California today, but spring it is. Perhaps I am forcing the spring by wearing bouquets on my stems – I think I can identify ranunculus, poppies, dianthus, and maybe roses?

I don’t know how authentically botanical fabric print designers think they ought to be, but I have an unshakable childhood recall of a bedroom in my great-grandmother’s house wallpapers in blue roses, and I was for years thereafter convinced that I could grow myself some blue roses.

And is there a happier color than this jacket’s coral/peach, or a springier fabric than the cotton-blend pique? It’s not as strenuous a shade as it would be in its brightness equivalent elsewhere on the color wheel, like electric blue or acid green. [And if it were, well, I’d wear it anyway!]

But the cloche hat – Daisy Buchanan, eat your platinum heart out. The ruched ombre silk ribbon on the crown and the minute bits of bent and curled ostrich feathers, like hatchlings on the hat! [I like saying that even more than I like writing it: "ruched ombre." It sounds like a fantastical concoction of molecular gastronomy: "the rambutan brûlée this evening is topped with ruched ombre."?     

Any bets on whether the May release of "The Great Gatsby" will revive 1920s chic? Who’s ready for dropped waistlines, lower heels and  long sautoir necklaces?

This content is from Southern California Public Radio. View the original story at SCPR.org.

Patt's Hats for April 17, 2013.; Credit: Michelle Lanz/KPCC

Is it, by chance, Helena Bonham Carter’s birthday? This begged me to take it out of the closet this morning, a frock very much a la Bonham Carter mode. [We all do know that her husband, Tim Burton, is from Burbank, right?]
 
The dress is from Stefanel – anyone know of Stefanel? An Italian company that’s done especially knockout knits. I don’t know that it has any shops here in the U.S. but I hazarded into Stefanel in Europe and liked the attitude, as well as the silhouettes, and this one in particular.
 
The sweater-ribbed knit band at the bottom puts an edge on the frou-frou of the skirt, as do the big hardware snaps on the bodice.  [That word, froufrou, or frou-frou, meaning fussy or embellished, or covered with "furbelows." "Furbelows"  is one of my favorite fashion words.
 
"Froufrou" dates to France in about 1870, when women’s clothes were exactly that. Sarah Bernhardt, one of my style icons, starred in a play entitled “Frou-Frou.”   

Of course Bernhardt gets to die ravishingly and at length in the play – she had more ways of expiring than James Bond’s villains ever dreamed up – and even though she only performed in French, American audiences ate it up when she toured here. Bernhardt said she could always recoup her fortunes in the United States, and “Frou Frou” helped her to do just that.
 
This dress, with the taffeta bubble skirt, reminded me of the style worn by Tom Wolfe’s New York society matrons in “The Bonfire of the Vanities.” It’s the magnificently seminal social novel about race and wealth in 1980s New York. Wolfe he called the women “social X-rays” for the bony gauntness they cultivated. If you have not read it, you really must. It lays the groundwork for the lifestyles of the Wall Street rich and notorious of today, and is one of my favorite novels.
 
The Lucite heel on the ankle boots – "Perspex," as the British call it – gives the effect of floating, ballerina-like, across the floor – an effect I will never achieve in real life, so must rely on footwear to give me a semblance of it.

I coveted the Lucite-wedge shoes that Maison Margiela sold briefly at H&M, but didn’t have the stamina to wake up at dawn and line up at 6 a.m. back when they went on sale, so these shoes gave me a bit of the same look, along with a full night’s sleep.

This content is from Southern California Public Radio. View the original story at SCPR.org.

; Credit: Michelle Lanz/KPCC

This is my Earth Day homage, with the green cotton poplin coat and the nifty closures. Couture and hardware experts! Can I beseech you to tell us what this type of closure is called? The round metal gizmo is a grommet, but what do you call the short bar at the end of a chain that goes through the grommet to secure it?

I hope there’s some fanciful medieval word for it, because in my fevered romantic brain, it has the feel of the kind of clothing closure that might have been used for a coat of mail or doublet or surcoat or cotehardie or any of a number of divinely archaic phrases for wardrobe items.
 
Can a print still be spring-y when it’s on a black background, like this one? I’ve heard that there’s a new vogue for prints in tshirts. I would welcome that, because I’m weary of the myriad dreary fan-girl T-shirts, and the clever or hip ones meant to show that you are unique, along with the other two-million people wearing the identical shirt. I’ve seen enough devil’s horns and skulls and snakes to fill the Book of Revelations, so let’s just move along, shall we?
 
These shoes I wear, but rarely. Otherwise they doze quietly in their red flannel shoe bag: my green patent-leather Louboutins. I’d coveted them since seeing them new in a shop in London, when they cost about as much as my plane ticket. I lay in wait for years for someone to put them up on eBay.

The name of the style is “Iowa.” Did the person in charge of naming styles for M. Louboutin know that Iowa is a flat agricultural state smack dab in the middle of the United States? Or perhaps he or she simply liked the esthetics of a word with three vowels and a consonant. What leads me to suspect the latter is the fact that Paris has a wanna-be TexMex cafe named “Indiana.”

When I went there, it was chockablock with images of Indians, who have nothing to do with TexMex food and are not much associated these days with the state of Indiana.
 
For the life of me, I can’t remember where I got the bracelet, but the blue-green-colored “art glass” cabochons practically glow, like that magnificent iridescence that you find in nature. It goes by the fine name ‘’goniochromism,’’ which you should really start throwing around more in general conversation. It’s the purview of butterfly wings and peacock feathers and  scarabs and abalone shells, of course, and of that changeable taffets which seems to have a recrudescence every few years on the racks of prom gowns, and probably should not.

This content is from Southern California Public Radio. View the original story at SCPR.org.

; Credit: Michelle Lanz/KPCC

From brights the other day to mutes today. You could call this color palette "blush and sand," which sounds like the title of a romance novel with a Valentino lookalike on the cover!

This is exactly the kind of sweater I used to tease my grandmother about wearing, the elaborately beaded 1950s cardigans that you saw on everyone from Babe Paley to Lucille Ball to … your grandmother. 

Of course, now I wish I had more of them! The best are the silk-lined cashmere or merino wool ones made in what was, for more than 150 years, the British Crown Colony of Hong Kong. The work of Hong Kong tailors is legendary, and now all the 1950s and early 1960s pieces are enjoying a tremendous vogue.

In this case the colors – bronze, blush and sand – are hushed, which lets the beading look more pronounced. The sleeveless top is a silk jersey criss-crossed with stitched bands of darker silk chiffon. King’s X? And then the skirt is bias-cut chiffon in very quiet hues. If designers gave quirky names to prints the way cosmetics makers do to lipstick and cheek color, we could call this one, "Shhh! This is a library!’"

So I’m glad that the shoes get paroled to holler. The nude patent color is ladylike, not loud, which is why I’m surprised but gratified that it’s hung around for a couple of seasons now. It’s a very versatile hue, even if it’s not making it as Pantone's color of the year.

No, the troublemaker part of this ensemble is the jeweled heels. Paul Simon sang of diamonds on the soles of one’s shoes; these are big dazzling rhinestones on the heels of mine. They gleam, they coruscate, they twinkle, they flash – amid all these well-behaved quiet colors, they send out a wink and a message that "I’m really a lively girl at heart, and at my feet."

This content is from Southern California Public Radio. View the original story at SCPR.org.

Patt Morrison's outfit for May 20. ; Credit: Michelle Lanz/KPCC

Here’s another version of those capris – these are a lace print from H&M – and while I’ve seen women wearing them with high heels, it just doesn’t seem right somehow. It so sullies the legacies of Mary Tyler Moore and Audrey Hepburn to pair them with anything but flats!

This is my version of a cutaway coat. In a coat like this I could attend Royal Ascot, or invent the telegraph. Obviously it’s a girl version, but I feel empowered, even … princely. At least Fred Astaire-ish. Maybe a pair of spats would make me feel more so. And I could waltz facing forward, not dancing backward, a la Ginger.

As for the adornments, I am not a hearts-and-butterflies kind of girl, but I do like to wear themed brooches in clusters or multiples, and this pair of hearts – just like a poker hand – seemed to work. One is the arrow-pierced one [not to be confused with the Pierce-Arrow, one of the handsomest motorcars ever made].

And the other, the enormous bogus diamond heart, I got from Butler & Wilson, the imaginative London costume jewelry [or better yet ‘jewellery’] designer. It’s my homage to a recent auction of what may be the largest perfect diamond in the world, 101.73 carats.

Harry Winston, the legendary jeweler, bought it for nearly $24 million and has chosen to call it, I am sorry to say, the “Harry Legacy,” which is not the kind of name a diamond like this deserves, one redolent of romance and myth, like “the Hope Diamond” or “the Koh-I-Noor Diamond.”

If you have any suggestions about what to name this magnificent perfect diamond, I’d love to hear them.

My own faux diamond’s name, I have decided, is “The Rhinestone Corazon.” How do you like it?

This content is from Southern California Public Radio. View the original story at SCPR.org.

Patt Morrison's ensemble for Aug 8, 2013.; Credit: Dave Coelho/KPCC

What shall we call this color scheme? How about ‘Manhattan Mermaid’?

The petrel blues, the turquoises, the aquas – and then that uptown/downtown black, in this case a black linen duster over a Peter Max-style splashy-print silk dress. The way the hem pools at the sides a bit reminds me of the cut of Pre-Raphaelite ladies’ tunics; I’d love to dress “period” for a week to see whether I’d like it.

Imagine, a week of hoop skirts … a week of 1950s tailleurs … a week of bustles … a week of hobble skirts … a week of liberated Pre-Raphaelite velvet gowns!

The hat is so unmistakably summer in fabric and color that it doesn’t get out of the hatbox as much as it should, poor thing. And the shoes – I did not get them together, honest, but even though the prints don’t match, it’s the dissonance that makes them work better together than if they had.

The fabric is a very textured canvas and printed like batik. [They are not the soul of comfort – oh what a dreadful pun, but is there any other kind of pun? – but they look smart hooked over the railing of a chair in a chic bistro, which is where I intend to take them!]

And the bracelets, one from a great-aunt who had a fine eye for jewelry – the turquoise is almost Persian, it’s so green, but it’s more likely to be American. The cuff is definitely Southwest, with the rope-pattern trim and the irregularly shaped bezels, although the turquoises themselves are symmetrical.

Because I’m left-handed, my right arm bears the singular honor of being “ornamental,” and bearing the burden of the bling.

Summer on, ladies!

This content is from Southern California Public Radio. View the original story at SCPR.org.

; Credit: Michelle Lanz/KPCC

Someone just told me that pink and gray were Vassar’s colors. I would say, “Go Vassarettes!” but, one, Vassarette is a line of brassieres, and, two, the Vassar mascot is The Brewer, for the profession of its founder, Matthew Vassar. You go, Seven Sisters girls and guys!

The scarf is one of two I picked up on vacation – for some reason insect themes are big just now. This one has little gray ants marching over a pink field, a reminder of – what? Teamwork? Conformity? Time to call the exterminator? The other scarf, which I’ll wear presently, is the color of a ripe nectarine, with a pattern of vividly colored beetles. Scarabus chic. Dashing, no?

The glittery pink shirt is one more example of that contrast that I like, against the matte gray knit of the sweater (indoor-outdoor wear for L.A. summers, going from AC to Fahrenheit in a flash). Which explains the vast and shady hat – like a veranda on my head!

I was surprised at myself for buying these shoes – silver and bright pink; when would I ever be wearing that? But there they are, slingbacks made by “Emma Hope’s shoes, Regalia for feet,” an irresistible name.

The oval seal with the maker’s name reminded me of the oval seal on shoes made by Rayne, the 19th-century London shoemaker that had shod the women of the royal family for decades (but not the last two generations of those chic ladies: Diana, Princess of Wales, and Katherine, Duchess of Cambridge).

Please don’t blame Rayne for the Queen’s inordinate fondness for platform peeptoe shoes – her mother made her do it. Literally. Those royal ladies – the Queen, her late mother and late sister, Margaret – were quite short, and those shoes boosted their height. But still …

Here is Rayne’s website for a look at some of the glamorous and glorious shoes for feet past and present – including Anna Pavlova’s, prima ballerina assoluta. Mary Quant designed for Rayne. And before you look, that old caution:  If you have to ask how much …  

A pair of Rayne shoes is on my fantasy list for thrift-store finds, along with a Fortuny dress and a wild Schiaparelli hat. I believe, I believe...

This content is from Southern California Public Radio. View the original story at SCPR.org.

LOS ANGELES, CA - SEPTEMBER 29: Yasiel Puig #66 of the Los Angeles Dodgers walks onto the field to start the game against the Colorado Rockies at Dodger Stadium on September 29, 2013 in Los Angeles, California. (Photo by Lisa Blumenfeld/Getty Images); Credit: Lisa Blumenfeld/Getty Images

There are 162 games in the regular season of a major league baseball team, and I have watched exactly … hm … none. Spring, summer, autumn, as the Dodgers died and rose from the dead, I wasn’t looking.

But now, like almost everyone else in L.A., I will be cheering them in the playoffs, cheering them to their first World Series game since Michael Dukakis ran for president.

I am that deplorable creature: The fair-weather fan.

I like sports just fine, but my sport is football.

They say baseball is a relaxing game. Boy, is it!  You can eat, doze, eat again, and it’s still the fourth inning. I’ve tried to love baseball, I really have. But the diamond can’t beat the gridiron when it comes to football’s built-in thrill advantage: At any possible second, the football can change hands, the defense becomes the offense … and score!

Just about the best time I ever had at Dodger Stadium was watching the pope round the bases in his Popemobile, when he visited L.A. That was the year before the Dodgers won the World Series for the last time. I hear baseball players are superstitious; maybe it’s time to invite the new pope for a return engagement.

Kitty Felde – now there’s a fan. She’s even written plays about baseball! But she’s way back in the nation’s capital, stuck with the Washington Nationals to root for.

A paradox

It’s a paradox, really. I’ve interviewed the former Dodgers owner, Peter O’Malley, who is a truly wonderful man. I’ve interviewed Carl Erskine, the Dodgers pitcher who goes back to the Brooklyn days, and a sweeter guy you could never meet. I know Roz Wyman, the First Fan, the city councilwoman who worked the magic to bring the Dodgers here from Brooklyn.  I interviewed the McCourts, back when they were still a plural. The L.A. Times once sent me to write about Fernando Valenzuela’s hometown in Mexico, back when El Zurdo started burning up the mound at Chavez Ravine. And I sat with that gift of a man, Vin Scully, at Dodger Stadium, as the team warmed up on the jewel-box beautiful field.

None of that made a true baseball believer of me. Instead, I pine like Juliet for a pro football team. O Dodgers, Dodgers, wherefore art thou the Dodgers, and not the Green Bay Packers?

But I would be thrilled if the Dodgers took the whole baseball enchilada – thrilled, because I am an Angeleno, and the Dodgers are that rare civic institution that ties us all together, even if you don’t know a base hit from base ten.

And that makes me as entitled as the next local to put on my Dodger Blue and holler my heart out, and cheer them all the way to the World Series.

This content is from Southern California Public Radio. View the original story at SCPR.org.

The USGS-NPS partnership meeting at Effigy Mounds National Monument on October 24-30, 2024, united scientists, tribal representatives, and NPS staff for collaborative sampling and discussions. This event emphasized integrating traditional ecological knowledge with scientific practices while honoring tribal protocols in environmental research and strengthening partnerships.

USGS geologist Dr. Ben Gutierrez gave a guest lecture in the Environmental Science and Water Resource classes at Tennessee State University in October 2024. He discussed USGS coastal and marine science, as well as the many internship opportunities available through USGS. 

Libero Copper and Gold Corp. (LBC:TSX.V; LBCMF:OTCQB) announced the progress and objectives of its 14,000-metre exploration program at the Mocoa porphyry copper-molybdenum project in southern Colombia. Read more to discover how this ambitious program targets high-grade copper and molybdenum zones.

Volt Lithium Corp. (VLT:TSV; VLTLF:US; I2D:FSE) says it has significantly improved the operating capacity of its next-generation Direct Lithium Extraction (DLE) technology for processing oilfield brines in Texas' Delaware Basin. Read why one analyst predicts more steady increases.

Brunswick Exploration Inc. (BRW:TSX.V) announced an extensive expansion of its lithium exploration holdings in Greenland. Read more about the strategic land acquisitions set to drive future lithium exploration and development across the region.

Michael Ballanger of GGM Advisory Inc. shares his thoughts on current movements in the market.

Enjoy a festive and relaxing holiday shopping experience at the Garden’s Holiday Pop-Up Shop. Browse a curated selection of unique nature-themed gifts in the charming, historic Julia Morgan Hall. Find the perfect gift for everyone on your list from these vendors and more!Bird vs Bird: Whimsical bird theme gifts from Oakland artist, Pess Petty Coyote Brush Studios: California native plants + wildlife prints, cards and stickers Dana Gardner: Original paintings and ceramics featuring birds Inna Jam: Emeryville based artisanal jams + cocktail mixers Juniper Ridge: Natural fragrance products + teas Oaktown Spice Shop: Delicious spice mixtures + gift sets Young America Creative: Posters featuring seasonal fruits, vegetables + wildflowers

Enjoy a festive and relaxing holiday shopping experience at the Garden’s Holiday Pop-Up Shop. Browse a curated selection of unique nature-themed gifts in the charming, historic Julia Morgan Hall. Find the perfect gift for everyone on your list from these vendors and more!Bird vs Bird: Whimsical bird theme gifts from Oakland artist, Pess Petty Coyote Brush Studios: California native plants + wildlife prints, cards and stickers Dana Gardner: Original paintings and ceramics featuring birds Inna Jam: Emeryville based artisanal jams + cocktail mixers Juniper Ridge: Natural fragrance products + teas Oaktown Spice Shop: Delicious spice mixtures + gift sets Young America Creative: Posters featuring seasonal fruits, vegetables + wildflowers

Enjoy a festive and relaxing holiday shopping experience at the Garden’s Holiday Pop-Up Shop. Browse a curated selection of unique nature-themed gifts in the charming, historic Julia Morgan Hall. Find the perfect gift for everyone on your list from these vendors and more!Bird vs Bird: Whimsical bird theme gifts from Oakland artist, Pess Petty Coyote Brush Studios: California native plants + wildlife prints, cards and stickers Dana Gardner: Original paintings and ceramics featuring birds Inna Jam: Emeryville based artisanal jams + cocktail mixers Juniper Ridge: Natural fragrance products + teas Oaktown Spice Shop: Delicious spice mixtures + gift sets Young America Creative: Posters featuring seasonal fruits, vegetables + wildflowers

Enjoy a festive and relaxing holiday shopping experience at the Garden’s Holiday Pop-Up Shop. Browse a curated selection of unique nature-themed gifts in the charming, historic Julia Morgan Hall. Find the perfect gift for everyone on your list from these vendors and more!Bird vs Bird: Whimsical bird theme gifts from Oakland artist, Pess Petty Coyote Brush Studios: California native plants + wildlife prints, cards and stickers Dana Gardner: Original paintings and ceramics featuring birds Inna Jam: Emeryville based artisanal jams + cocktail mixers Juniper Ridge: Natural fragrance products + teas Oaktown Spice Shop: Delicious spice mixtures + gift sets Young America Creative: Posters featuring seasonal fruits, vegetables + wildflowers

Enjoy a festive and relaxing holiday shopping experience at the Garden’s Holiday Pop-Up Shop. Browse a curated selection of unique nature-themed gifts in the charming, historic Julia Morgan Hall. Find the perfect gift for everyone on your list from these vendors and more!Bird vs Bird: Whimsical bird theme gifts from Oakland artist, Pess Petty Coyote Brush Studios: California native plants + wildlife prints, cards and stickers Dana Gardner: Original paintings and ceramics featuring birds Inna Jam: Emeryville based artisanal jams + cocktail mixers Juniper Ridge: Natural fragrance products + teas Oaktown Spice Shop: Delicious spice mixtures + gift sets Young America Creative: Posters featuring seasonal fruits, vegetables + wildflowers

Garden Members enjoy a special evening preview shopping experience including light nibbles and refreshments. Enjoy a festive and relaxing holiday shopping experience at the Garden’s Holiday Pop-Up Shop. Browse a curated selection of unique nature-themed gifts in the charming, historic Julia Morgan Hall.  (Registration required for timed entry beginning at either 4:00 pm or 5:30 pm) We currently have 2 arrival time windows to choose from: 4:00 pm - 5:30 pm and 5:30 pm - 7:00pm. Please enter the number of people in your group for selected entry time and plan on arriving during that timeframe. Each member is allowed two additional non-members.Special Event Give-Away!If you register and attend, you will be entered into our $50 Garden Shop gift certificate give-away!Learn more and register here

Will Davidson and his Minecraft creation, modeled off the Santa Cruz Mission; Credit: Steve Henn

Minecraft is a deceptively simple video game. You're dropped into a virtual world, and you get to build things. It's like a digital Lego set, but with infinite pieces.

Its simplicity makes it a big hit with kids, like 10-year old Will Davidson. Last year, Will built a Spanish mission for a school report. He modeled his off the Santa Cruz Mission. "I made a chapel over here," Davidson says. "I also have a bell tower."

After he turned in his report, he added a few things. Like skeleton archers. "And zombies ... and exploding things, and spiders, that try to kill you," he said.

Minecraft is popular with kids because they're free to create almost anything, says Ramin Shokrizade, a game designer.

Also, kids aren't manipulated into clicking buttons to buy add-ons within the game. In other games, designers give players a special power for free at first, then take it away and offer it back at a price.

Zynga, the creator of Farmville, calls this fun pain, according to Shokrizade. "That's the idea that, if you make the consumer uncomfortable enough, and then tell them that for money we'll make you less uncomfortable, then [they] will give us money," he says.

Kids, Shokrizade says, are especially susceptible to this — and Minecraft has a loyal following, in part, because it doesn't do it.

Susan Linn, from the Campaign for a Commercial-Free Childhood, agrees. She says a big reason she likes Minecraft is because after you purchase the game upfront, that's it.

"Parents don't have to worry that their kids are going to be targeted for more marketing," Linn says. "How forward-thinking!"

But Linn is worried. Microsoft bought Mojang, the company that created Minecraft, on Monday for $2.5 billion, and she says that any time a large company spends billions to acquire a smaller company, executives are bound start looking for new ways to get even more money out of it.

Wide receiver Wes Welker #83 of the Denver Broncos tries to avoid the tackle of free safety Earl Thomas #29 of the Seattle Seahawks during Super Bowl XLVIII at MetLife Stadium in this file photo taken February 2, 2014 in East Rutherford, New Jersey. Under a new drug policy agreed to by the NFL and the players union, Welker and two other suspended players will be allowed to return to the field.; Credit: Jeff Gross/Getty Images

The NFL said Wednesday that its new performance-enhancing drug policy will allow the Broncos' Wes Welker and two other suspended players to return to the field this week.

The deal with the players association also adds human growth hormone testing, ending several years of wrangling between the league and the union.

Welker, Dallas Cowboys defensive back Orlando Scandrick and St. Louis Rams wide receiver Stedman Bailey had been suspended for four games.

Under the new rules, players who test positive for banned stimulants in the offseason will no longer be suspended. Instead, they will be referred to the substance abuse program.

The league and union are also nearing an agreement on changes to the substance abuse policy. That could reduce Cleveland Browns receiver Josh Gordon's season-long ban.

Testing for HGH was originally agreed upon in 2011, but the players had balked at the science in the testing and the appeals process for positive tests. Under the new deal, appeals of positive tests in the PED program will be heard by third-party arbitrators jointly selected by the NFL and union. Appeals will be processed more expeditiously under altered procedures

Testing should begin by the end of the month.

The new rules also change the length of suspensions. Previously, all first-time violations of the performance-enhancing drug policy resulted in at least a four-game suspension.

Now, use of a diuretic or masking agent will result in a two-game suspension. The punishment for steroids, in-season use of stimulants, HGH or other banned substances is four games. Evidence of an attempt to manipulate a test is a six-game suspension.

A second violation will result in a 10-game ban, up from a minimum of eight games. A third violation is at least a two-year suspension. Before, the ban was at least a year.

An image released by Google shows an early version of its driverless vehicle. The company has built several prototypes of the self-driving car.; Credit: /Google

California is one step closer this week to making the 1980s Hollywood fantasy of Knight Rider a 21st century reality because permits for self-driving cars issued by the Department of Motor Vehicles officially went into effect Tuesday. Now a handful of companies can test automated cars on public roads.

Buckle up — it's gonna be a wild ride.

John O'Dell is a Senior Editor at Edmunds.com, and he joins Alex Cohen to talk about what this means for the future of the driverless car industry.

 

AB 2293 bans drivers from using their personal policies and mandates that drivers have to be covered from the moment they turn on their app and look for customers.; Credit: Photo by Daniel X. O'Neil via Flickr Creative Commons

Amid all the talk about cutting-edge technology, much of Uber and Lyft’s success actually owes to that fact the ride-sharing companies have been able to exploit a basic loophole: The companies foist the cost of insurance on their drivers, but the drivers' insurance companies don’t know they are underwriting cars for hire, and even if drivers wanted to be honest and get a policy that would cover ride-sharing, they couldn’t, because no such policy exists.

AB-2293, introduced by Assemblywoman Susan Bonilla (D-Concord) and signed into law Wednesday by Governor Jerry Brown, tries to close the loophole by paving the way for insurance companies to offer hybrid personal/commercial policies by next summer.

Uber once derided the bill as a backroom deal between insurance companies and trial lawyers.

"The bill does nothing to enhance safety, yet compromises the transportation choices and entrepreneurial opportunities Uber offers Californians," the company wrote in a June blog post that encouraged customers to contact their representatives opposing the bill.

However, the company backed down and supported the legislation when Bonilla insurance requirements were lowered.

AB 2293 also specifically bans drivers from using their personal policies and mandates drivers have to be covered from the moment they turn on their app and look for customers, which is a response to the tragic accident on New Year's Eve in San Francisco when an UberX driver hit and killed a six year old child.

Uber argued that because the driver was waiting for a fare he wasn't working for the company at the time, so he wasn't covered by the company's insurance.

California Jerry Brown will sign a bill to expand California's film and television tax credit program into law in Hollywood; Credit: Justin Sullivan/Getty Images

A moment Hollywood's been waiting a while for will take place... in Hollywood. 

A ceremony is planned for Thursday morning at the Chinese Theater where Governor Jerry Brown will sign the "California Film and Television Job Retention and Promotion Act" into law.

The bill - also known  as AB 1839 — will more than triple the funding for California's film and television production tax credit program. 

The push to expand and enhance the tax credit program has been going on for more than a year. In August of 2013, Los Angeles Mayor Eric Garcetti used the term "state of emergency" to characterize the flight of film and television production to other states and countries. Garcetti is expected to speak at the ceremony. 

Los Angeles-area Assemblymen Mike Gatto and Raul Bocanegra are also expected to be on hand. They introduced AB 1839 in February and moved it strategically through the legislature in Sacramento. While there were few vocal opponents of expanding the tax credit program, the big question was by how much. Many supporters hoped to see the annual pot raised from the current $100 million to at least $400 million, but an exact dollar amount wasn't specified until very late in the legislative process.

In April, the state Legislative Analyst's Office released its hard look at the current tax credit program, pointing out that the state is only getting back 65 cents in tax revenues for every dollar it’s spending on the film and TV subsidy.  The bill to expand the program kept moving.

California's magic number turned out to be $330 million dollars, not as high as chief rival New York State's $420 million per year, but still more than triple California's current offering. Along with the extra cash, AB 1839 also changes the way the tax credit program will be administered.   Rather than using a one-day lottery to determine which productions receive the credit, the state will measure the projects based on their potential to create jobs.   A project that overestimates that potential could be penalized.  

Apple Senior Vice President of Worldwide Marketing Phil Schiller announces the new iPhone 6 during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple unveiled the two new iPhones the iPhone 6 and iPhone 6 Plus.; Credit: Justin Sullivan/Getty Images

Apple's latest mobile operating system — iOS 8 — is now available, and with it, a new technical hurdle for law enforcement. The company says it will be technologically impossible to access data on phones and iPads running iOS 8, because it won't allow user passcodes to be bypassed.

Our phones, of course, contain troves of information — contacts, messages, recordings — which can be helpful for investigative or prosecutorial purposes. The Supreme Court earlier this year ruled law enforcement cannot access that kind of data without a warrant. Prosecutors had already feared the warrant hurdle would be too much — Rockland County, N.Y., District Attorney Thomas Zugibe told the Wall Street Journal in June that technology "is making it easier and easier for criminals to do their trade," while the court "is making it harder for law enforcement to do theirs."

Now, even with a warrant, data from Apple devices running iOS 8 will be tough — and, Apple says, impossible — for law enforcement to get its hands on.

As The Washington Post reports, the move "amounts to an engineering solution to a legal quandary: Rather than comply with binding court orders, Apple has reworked its latest encryption in a way that prevents the company — or anyone but the device's owner — from gaining access to the vast troves of user data typically stored on smartphones or tablet computers."

Not so fast, writes an iOS forensics expert, Jonathan Zdziarski. Just because Apple will no longer help police doesn't mean police can't find ways to use existing commercial forensics tools to extract the data themselves. Wired Magazine describes how Zdziarski proved his own point:

Zdziarski confirmed with his own forensics software that he was still able to pull from a device running iOS 8 practically all of its third-party application data — that means sensitive content from Twitter, Facebook, Instagram, web browsers, and more — as well as photos and video. The attack he used impersonates a trusted computer to which a user has previously connected the phone; it takes advantage of the same mechanisms that allow users to siphon data off a device with programs like iTunes and iPhoto without entering the gadget's passcode.

"I can do it. I'm sure the guys in suits in the governments can do it," says Zdziarski.

And, Apple will still be able to turn over user data stored outside its phones, for example, on its iCloud service, The Washington Post notes. Users often back up photos, videos, emails and more to iCloud, as the recent nude photo theft reminded us.

Apple, in creating plausible deniability for itself, is also using its strongly worded new privacy stance as a marketing opportunity. It's reinforcing what it says is a commitment to privacy and transparency when it comes to government data requests. Apple says so far this year, it has received fewer than 250 government requests for data, including requests to unlock encrypted iPhones.

In this file photo, California Gov. Jerry Brown speaks during a news conference on January 17, 2014 in San Francisco, California. Brown on Thursday signed a bill that more than triples the state's annual tax credit for film and TV production to $330 million.; Credit: Justin Sullivan/Getty Images

Gov. Jerry Brown has headed to the cradle of the Hollywood film industry to sign legislation that more than triples the state's annual tax credit to $330 million a year for films and TV shows produced in California.

Brown says the increase is needed to help prevent other states and countries from hijacking film and TV production by offering their own lucrative incentives.

Brown signed the bill Thursday at the former Grauman's Chinese Theatre, where handprints and footprints of stars from the eras of Humphrey Bogart to Robert De Niro are embedded in concrete.

Under the new system, credit will be awarded based on the number of jobs a production creates and its overall positive impact on the state.

The historic cinema is now called the TCL Chinese Theatre IMAX.

Film tax credit doc

Larry Ellison, CEO of Oracle Corporation, gestures as he makes a speech during the New Economy Summit 2014 in this file photo taken in Tokyo on April 9, 2014. The company said Thursday, September 18, 2014, that Ellison would step aside as CEO and become chairman and chief technology officer.; Credit: TORU YAMANAKA/AFP/Getty Images

Oracle says Larry Ellison is stepping aside as CEO of the company he founded. The business software maker promoted Safra Catz and Mark Hurd to replace him as co-CEOs.

Ellison will reclaim the title of chairman at Oracle and is also taking the role of chief technology officer. Oracle says Ellison wants to focus on product engineering, technology development and strategy. Jeff Henley, Oracle's chairman since January 2004, is now its vice chairman.

Catz and Hurd were co-presidents of the Redwood Shores, California, company. Catz will be in charge of the company's manufacturing, finance and legal functions. Hurd will be in charge of sales, service, and other global business units.

Ellison founded Oracle Corp. in 1977 and was its chairman from May 1995 to January 2004.

File photo: Customers enter a Home Depot store on May 21, 2013 in El Cerrito, Calif.; Credit: Justin Sullivan/Getty Images

The Home Depot says it has eliminated malware from its U.S. and Canadian networks that affected 56 million unique payment cards between April and September.

The Atlanta-based home improvement retailer said Thursday it has also completed a "major" payment security project that provides enhanced encryption of customers' payment data in the company's U.S. stores.

Home Depot also is confirming its sales-growth estimates for the fiscal year and expects to earn $4.54 per share in fiscal 2014, up 2 cents from its prior guidance.

Last year was the second straight year the poverty rate stayed flat after four years of going up in the United States.; Credit: David McNew/Getty Images

Income in greater Los Angeles is rising – slightly - according to new American Community Survey numbers released Thursday from the Census Bureau, but greater L.A. still ranks as one of the poorest major metropolitan areas in the nation.

The L.A. area (defined as L.A., Long Beach and Anaheim) had a median household income of $58,869 last year, which is $804 more than the year before, but still $1540 under the 2010 level, during the first full year after the recession.

"These numbers paint a bleak picture for California,” said Marybeth Mattingly, a researcher at Stanford University’s Center on Poverty and Inequality.

Mattingly is particularly troubled by the child poverty rate, which was 25.3 percent in 2013, up from 22.6 percent in 2010.

“In the West, Hispanics have the highest poverty with nearly one in three Hispanic kids poor, and it's even a little higher for blacks” she said.

Nationally, last year was the second straight year the poverty rate stayed flat after four years of going up. Among big metro areas, the L.A. area had the highest poverty rate in the nation, tying Phoenix, Miami, and the Inland Empire. But that’s based upon a national poverty line of $23,550 for a family of four; When you take into account how much it really costs to live here, L.A. fares even worse.

“We find that Los Angeles stands out even more, unfortunately," said Sarah Bohn, a researcher at the Public Policy Institute of California. "Housing costs are really playing a big role in family budgets and being able to make ends meet.”

Bohn says these new numbers suggest we’re going in the right direction, but she wishes we’d move at a faster pace.

We reported last week that layoffs were coming soon to Warner Brothers, but how many positions will be cut is still unknown.  

A spokesman for Warner Brothers Entertainment, Paul McGuire, told KPCC there's no exact number yet. "There is no headcount reduction target, but there is a substantial financial target," Maguire said. 

“This is a budget issue, not a head count issue,” Dee Dee Myers, Warner Brothers Vice President of Corporation Communications told Variety.  The trade publication reports that Warner Brothers is expected to eliminate as many as 1,000 positions worldwide - or about 10 percent of its workforce:

Senior managers are currently assessing their businesses to come up with ways to trim overhead. Only at the end of that process will an exact reduction figure be known. It could be somewhat lower than the current numbers being speculated, but cuts are expected to be substantial.  

News of coming layoffs became public two weeks ago, when KPCC and other media outlets obtained an internal memo written by Warner Bros. Chairman and Chief Executive Officer Kevin Tsujihara.   

"It pains me to say this, positions will be eliminated—at every level—across the Studio," Tsujihara wrote in the memo. 

Morningstar Analyst Neil Macker told KPCC that management at Warner Brothers is trying to protect the company from another takeover play by Rupert Murdoch.  In July, Murdoch offered to buy parent company Time Warner for $80 billion. He withdrew the offer in August. 

In this file photo, job seekers line up to enter Choice Career Fair at the Los Angeles Convention Center on December 1, 2010 in Los Angeles, California. Overall, the number of unemployed Californians ticked up by 1,000 over the month to nearly 1.4 million for August 2014, but the rate remained unchanged, at 7.4 percent. The national unemployment rate is down to 6.1 percent.; Credit: Kevork Djansezian/Getty Images

California's unemployment rate is unchanged for a third month, holding at 7.4 percent in August.

The California Employment Development Department reported Friday that the state added 44,200 nonfarm jobs during the month, bringing the state total to 15.5 million in August.

Last month's gains mean the state has added 1.4 million jobs since February 2010, when the jobless number hit a peak of 12.4 percent.

Overall, the number of unemployed Californians ticked up by 1,000 over the month to nearly 1.4 million. The national unemployment rate is down to 6.1 percent.

Construction posted the largest increase over the month, adding 13,600 jobs. Manufacturing, financial activities, business services, education, health, leisure and government all added jobs in August.

Trade, transportation and utilities, along with information, posted job losses of 8,300.

Founder and Executive Chairman of Alibaba Group Jack Ma (L) attends the company's initial price offering (IPO) at the New York Stock Exchange on September 19, 2014 in New York City. ; Credit: Andrew Burton/Getty Images

Alibaba's stock is surging as the Chinese e-commerce powerhouse begins its first day trading as a public company.

The stock opened at $92.70 and nearly hit $100 on the New York Stock Exchange Friday, a gain of 46 percent from the initial $68 per share price set Thursday evening.

At Friday's opening price, the company is worth $228.5 billion, more than companies such as Amazon, Ebay and even Facebook.

Jubilant CEO Jack Ma stood on the NYSE trading floor Friday as eight Alibaba customers, including an American cherry farmer and a Chinese Olympian, rang the opening bell.

"We want to be bigger than Wal-Mart," Ma told CNBC shortly after the opening Bell. "We hope in 15 years people say this is a company like Microsoft, IBM, Wal-Mart, they changed, shaped the world."

On Thursday, Alibaba and the investment bankers arranging the initial public offering settled on a price of $68 per share. The company and its early investors raised $21.8 billion in the offering, which valued Alibaba at $168 billion in one of the world's biggest ever initial public offerings.

The company, which is trading under the symbol "BABA," has enjoyed a surge in U.S. popularity over the past two weeks as investors met with executives, including its colorful founder Jack Ma. As part of the so-called roadshow, would-be investors heard a sales pitch that centered on Alibaba's strong revenue growth and seemingly endless possibilities for expansion. Demand was so high that the company raised its offering price to $66 to $68 per share from $60 to $66 per share on Monday.

The main reason investors appear breathless about the 15-year old Alibaba: It offers an investment vehicle that taps into China's burgeoning middle-class.

Alibaba's Taobao, TMall and other platforms account for some 80 percent of Chinese online commerce. Most of Alibaba's 279 million active buyers visit the sites at least once a month on smartphones and other mobile devices, making the company attractive to investors as computing shifts away from laptop and desktop machines.

And the growth rate is not expected to mature anytime soon. Online spending by Chinese shoppers is forecast to triple from its 2011 size by 2015. Beyond that, Alibaba has said it plans to expand into emerging markets and eventually, Europe and the U.S.

"There are very few companies that are this big, grow this fast, and are this profitable," said Wedbush analyst Gil Luria.

Alibaba operates an online ecosystem that lets individuals and small businesses buy and sell. It doesn't directly sell anything, compete with its merchants, or hold inventory.

"The business model is really interesting. It's not just an eBay, it's not an Amazon, it's not a Paypal. It's all of that and much more," said Reena Aggarwal, a professor at Georgetown.

Like China's consumer and Internet market, Alibaba is still growing rapidly. The company's revenue in its latest quarter ending in June surged 46 percent from last year to $2.54 billion while its earnings climbed 60 percent to nearly $1.2 billion, after subtracting a one-time gain and certain other items.

In its last fiscal year ending March 31, Alibaba earned $3.7 billion, making it more profitable than eBay Inc. and Amazon.com Inc. combined. Amazon ended Thursday with a market value of about $150 billion while eBay's market value stood at $67 billion.

Alibaba, is based in Hangzhou in Eastern China, Ma's hometown. The company got started in 1999 when Ma and 17 friends developed a fledgling e-commerce company on the cusp of the Internet boom. Today, Alibaba's main platforms are its original business-to-business service Alibaba.com, consumer-to-consumer site Taobao and TMall, a place for brands to sell to consumers.

And while there's plenty of growth left in China, Ma has recently hinted about plans to expand beyond those borders.

"We hope to become a global company, so after we go public in the U.S., we will expand strongly in Europe and America," Ma said to a group of reporters in Kowloon on Monday.

Alibaba offered 320.1 million shares for a total offering size of $21.77 billion. Underwriters have a 30-day option to buy up to about 48 million more shares. That means the offering size could be as much as $25 billion

The IPO's fundraising handily eclipses the $16 billion Facebook raised in 2012, the most for a technology IPO. If all of its underwriters' options are exercised, it would also top the all-time IPO fundraising record of $22.1 billion set by the Agricultural Bank of China Ltd. in 2010.

Yahoo, which has been struggling to grow for years, made a windfall $8.28 billion by selling 121.7 million of is Alibaba shares. And founder Jack Ma sold 12.75 million shares worth $867 million.

NFL Commissioner Roger Goodell talks during a press conference at the Hilton Hotel on Sept. 19, 2014 in New York City. Goodell spoke about the NFL's failure to address domestic violence, sexual assault and drug abuse in the league.; Credit: Elsa/Getty Images

Update 1:04 p.m. Goodell: 'Same mistakes can never be repeated'

Commissioner Roger Goodell says the NFL wants to implement new personal conduct policies by the Super Bowl. At a news conference Friday, Goodell made his first public statements in more than a week about the rash of NFL players involved in domestic violence. He did not announce any specific changes, but said he has not considered resigning.

"Unfortunately, over the past several weeks, we have seen all too much of the NFL doing wrong," he said. "That starts with me."

The league has faced increasing criticism that it has not acted quickly or emphatically enough concerning the domestic abuse cases.

The commissioner reiterated that he botched the handling of the Ray Rice case.

"The same mistakes can never be repeated," he said.

Goodell now oversees all personal conduct cases, deciding guilt and penalties.

He said he believes he has the support of the NFL's owners, his bosses.

"That has been clear to me," he said.

The Indianapolis Colts' Darius Butler was among those who tweeted criticism of the press conference:

Colts tweet 1

Colts tweet 2

The commissioner and some NFL teams have been heavily criticized for lenient or delayed punishment of Rice, Adrian Peterson and other players involved in recent domestic violence cases. Less than three weeks into the season, five such cases have made headlines, the others involving Greg Hardy, Ray McDonald and Jonathan Dwyer.

Vikings star running back Peterson, Carolina defensive end Hardy and Arizona running back Dwyer are on a special commissioner's exemption list and are being paid while they go through the legal process. McDonald, a defensive end for San Francisco, continues to practice and play while being investigated on suspicion of domestic violence.

As these cases have come to light, such groups as the National Organization of Women and league partners and sponsors have come down hard on the NFL to be more responsive in dealing with them. Congress also is watching to see how the NFL reacts.

In response to the criticism, the NFL announced it is partnering with a domestic violence hotline and a sexual violence resource center.

Goodell also said in a memo to the clubs late Thursday that within the next 30 days, all NFL and team personnel will participate in education sessions on domestic violence and sexual assault. The memo said the league will work with the union in providing the "information and tools to understand and recognize domestic violence and sexual assault."

The league will provide financial, operational and promotional support to the National Domestic Violence Hotline and the National Sexual Violence Resource Center.

12:07 p.m. Roger Goodell to break silence on domestic abuse and the NFL

Roger Goodell will make his first public statements in more than a week about the rash of NFL players involved in domestic violence when he holds a news conference Friday.

The NFL commissioner will address the league's personal conduct policy. The league has faced increasing criticism it has not acted quickly or emphatically enough concerning the domestic abuse cases.

His last public appearance was at a high school in North Carolina on Sept. 10.

The commissioner and some NFL teams have been heavily criticized for lenient or delayed punishment of Ray Rice, Adrian Peterson and other players involved in recent domestic violence cases. Less than three weeks into the season, five such cases have made headlines, the others involving Greg Hardy, Ray McDonald and Jonathan Dwyer.

Vikings star running back Peterson, Carolina defensive end Hardy and Arizona running back Dwyer are on a special commissioner's exemption list and are being paid while they go through the legal process. McDonald, a defensive end for San Francisco, continues to practice and play while being investigated on suspicion of domestic violence.

As these cases have come to light, such groups as the National Organization of Women and league partners and sponsors have come down hard on the NFL to be more responsive in dealing with them. Congress also is watching to see how the NFL reacts.

In response to the criticism, the NFL announced it is partnering with a domestic violence hotline and a sexual violence resource center.

Goodell also said in a memo to the clubs late Thursday that within the next 30 days, all NFL and team personnel will participate in education sessions on domestic violence and sexual assault. The memo said the league will work with the union in providing the "information and tools to understand and recognize domestic violence and sexual assault."

The league will provide financial, operational and promotional support to the National Domestic Violence Hotline and the National Sexual Violence Resource Center.

"These commitments will enable both the hotline and NSVRC to help more people affected by domestic violence and sexual assault," Goodell said in the memo.

The National Domestic Violence Hotline provides domestic violence victims and survivors access to a national network of resources and shelters. It is available 24 hours a day, seven days a week in 170 languages. Goodell noted that the hotline received 84 percent more calls from Sept. 8-15, and the organization said more than 50 percent of those calls went unanswered because of lack of staff.

"The hotline will add 25 full-time advocates over the next few weeks that will result in an additional 750 calls a day being answered," he said.

NSVRC supports sexual violence coalitions across the United States. The NFL's initial support will be directed toward state coalitions to provide additional resources to sexual assault hotlines.

This story has been updated.

A job seeker fills out an application during a career fair at the Southeast Community Facility Commission on May 21, 2014 in San Francisco; Credit: Justin Sullivan/Getty Images

California employers added 44,200 jobs in August, the largest gain of any state in the country. The state's unemployment rate stood still at 7.4 percent, compared to 6.1 percent nationwide.

"When the national numbers came out for August, and we saw a significant slowdown in job creation, we were a little bit concerned that we'd see the same thing happening here," said economist Kimberly Ritter-Martinez of the Los Angeles County Economic Development Corporation. "But in California, we stayed pretty much on track, outpacing the nation in terms of job creation." 

The construction sector was a huge contributor to California's job growth in August, with a gain of 13,600 jobs.  The other sectors with large gains were Education/Health Services (+12,200), and Professional/Business Services (+10,600). 

"We've been seeing steady increases in construction employment for some time, but it has been a slow steady increase," said Tom Holsman, CEO of the Associated General Contractors of California.

"Recent increases are attributable to many projects that have been in the early stages of startup gaining momentum," Holsman added, citing LA County Metro transit projects and the new Wilshire Grand Hotel construction project as local examples.

In Los Angeles County, the unemployment rate also stayed flat at 8.1 percent, but it remains far lower than the 9.9 percent of August of 2013. In the last twelve months, the L.A. County Metro area has gained 6,600 construction jobs, a rate of 5.6 percent.

Ritter-Martinez, of the LAEDC says other economic indicators support a boost in construction jobs at the Los Angeles and statewide levels: permits for new housing construction, remodeling, and non-residential construction are all on the rise. 

"Builders and developers are reporting that they're having trouble finding some skilled labor for construction," Ritter-Martinez said. "It's taken so long for that sector to come back, a lot of construction people have gone off and found other kinds of jobs or moved out of the region." 

In Orange County, the unemployment rate was 5.4 percent, down from 5.7 percent in July. The unemployment rate in the Riverside-San Bernardino-Ontario area was 8.7 percent in 
August 2014, down from a revised 9.3 percent in July 2014.

Nokia will deploy 3,300 new 4G sites for Vodafone Idea by March 2025. Nokia is one of the three vendors selected by Vodafone Idea for a network equipment supply deal. The deal is worth USD 3.6 billion over three years. Nokia will deliver nearly 3,300 new sites and upgrade over 42,000 technology sites.

The companies also named leaders for their multibillion-dollar joint venture and showcased a prototype EV. The spending may ease concerns about Rivian's cash burn and give the German carmaker access to its US partner's software technology - an area where VW has stumbled.

"As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps," an AMD spokesperson told Reuters on Tuesday.

This is proposed with the aim of ensuring data privacy, security, and integrity, especially with sensitive investor information. In its consultation paper, Sebi said that the market infra institutions should also be accountable for any actions taken based on AI outputs.

Foxconn's shares have surged more than 100% so far in 2024, far outperforming the broader market's 28% gain. Foxconn said last month it was building in Mexico the world's largest manufacturing facility for bundling Nvidia's GB200 superchips, a key component of the US firm's next-generation Blackwell family computing platform.