News Clips

nivek

As Above So Below

'The government has 48 hours': Billionaire investor Bill Ackman calls on Biden to bail out SVB by Monday MORNING or face catastrophic market meltdown and loss of tens of thousands of jobs



Billionaire hedge fund manager Bill Ackman is forecasting 'economic meltdown' within hours of the banks opening up on Monday morning following the failure of Silicon Valley Bank. Ackman is urging for the U.S. government to finally step in and protect all of the bank's depositors, warning inaction could lead to a ripple effect across other smaller banks within the industry. The worry is that customers will rush to withdraw cash from their accounts fearing instability across the banking system with the very real possibility of a domino effect. Ackman is urging the government to take action and fix a 'a-soon-to-be-irreversible mistake' by Monday morning, to prevent such a bleak scenario from occurring. His ominous warning came hours after Greg Becker, the chief executive of SVB Financial Group, sent a video message to employees of the bank acknowledging the 'incredibly difficult' 48 hours leading up to its collapse on Friday.

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nivek

As Above So Below

Feds say there will be NO bailout for SVB today despite fears of market meltdown - as Biden holds crisis talks and it's revealed bonuses were paid to staff just HOURS before bank collapsed

The federal government will not bailout Silicon Valley Bank, despite fears of a market meltdown, Treasury Secretary Janet Yellen announced Sunday. The bank, the 16th largest in the US, failed on Friday after a 60 percent drop in shares due to declining customer deposits -forcing SVB to sell off $1.75 billion in shares. It was the worst US financial institution failure since 2008, with SVB controlling $209 billion in total assets at the end of 2022. The federal government is now trying to find another bank that is willing to merge with the failed financial institution.

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Dejan Corovic

As above, so bellow

Feds say there will be NO bailout for SVB today despite fears of market meltdown - as Biden holds crisis talks and it's revealed bonuses were paid to staff just HOURS before bank collapsed

The federal government will not bailout Silicon Valley Bank, despite fears of a market meltdown, Treasury Secretary Janet Yellen announced Sunday. The bank, the 16th largest in the US, failed on Friday after a 60 percent drop in shares due to declining customer deposits -forcing SVB to sell off $1.75 billion in shares. It was the worst US financial institution failure since 2008, with SVB controlling $209 billion in total assets at the end of 2022. The federal government is now trying to find another bank that is willing to merge with the failed financial institution.

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"Too small to pick up"
 

nivek

As Above So Below

First Republic on the brink: Bank's shares plummet up to 74% in pre-market trading despite Biden's guarantee scheme for SVB and Signature Bank, as fears of opening bell meltdown grow

First Republic Bank's shared dropped as low as $47.25 Monday amid frantic fears of a banking rout when Wall Street opens trading at 9.30am. SVB's swift downfall on Friday - the second-largest banking collapse in history - has ignited fears of a contagion in the banking sector amid the Federal Reserve's sharpest rate hike cycle since the early 1980s. The Biden administration attempted to shore up trust in the sector yesterday by guaranteeing the funds of SVB and Signature Bank customers saying that all customers would be 'made whole' and 'no losses will be borne by the taxpayer.'

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nivek

As Above So Below
The collapse of Silicon Valley Bank (SVB) is part of a pre-planned controlled demolition of the banking industry in order to implement Central Bank Digital Currencies (CBDCs). CBDCs will be presented as the solution to the coming banking crises.


View: https://www.youtube.com/watch?v=nSUSGbXHTiM


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nivek

As Above So Below

REVEALED: Only ONE member of failed SVB's board had background in banking - the rest were Obama and Clinton mega-donors who 'grieved' when Trump won - including one who went to Shinto shrine 'to pray'

Tom King, was the only member of Silicon Valley's board of directors with experience in the financial industry, while the others include a former Obama employee and a major Hillary Clinton donor who cried when Donald Trump won the 2016 presidential election. The board is now being investigated by federal authorities after it failed to prevent the bank from going under while it was investing clients' money in risky low-interest government bonds and securities. It has previously been accused of being too focused on woke issues .

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nivek

As Above So Below
Insanity at its finest...

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San Franciscans line up to support reparations plan to give every black resident $5M, wipe personal debt, hand out $97K guaranteed incomes and homes for just $1 - but no one asks how city will pay


San Francisco's Board of Supervisors on Tuesday held its first hearing to listen to the public's views on a plan for reparations - which would see the struggling city hand out cash to black residents. Sgt Yulanda Williams (main), the president of the police association Officers for Justice, told them: 'My dad always taught me never to beg. And I am not begging you today. It is time for you to do the right thing and provide us with reparations: make us whole.' Aaron Peskin (top left), the chair of the Board of Supervisors, has previously said the $5m idea from the African American Reparations Advisory Committee chaired by Eric McDonnell is unworkable. 'But that should not truncate a conversation about ways that this society and its government should address past ills,' he added. San Franciscans lined up (bottom left) on Tuesday up to take the microphone and address the Board - with several singing their support. One sang a verse from the 1964 Civil Rights anthem by Sam Cooke, A Change is Gonna Come.
 

pigfarmer

tall, thin, irritable
The city has no expectation of paying for anything. Like Mayor Adams being Progressive = Squandering Federal Tax Dollars.

Probably a tactic to shift blame in the election cycle; the GOP hates blacks therefore this won't pass.
 

nivek

As Above So Below

NYC Democrat calls out liberal governor, Biden as city turns shuttered McDonald's into migrant 'mega shelter'

Robert Holden suggests migrants should stay in Mexico, cites backlogged system for asylum claims


A Democratic New York City councilman is calling out his own party and the Biden administration over policies contributing to the surge of migrants into the Big Apple.

Robert Holden joined "Fox & Friends" on Wednesday to discuss why he opposes the immigration policies of the Biden administration and criticized Democratic New York Gov. Kathy Hochul.

Holden said New York City Mayor Eric Adams is "trying" to come up with plans to deal with the influx, including reportedly repurposing a building in Times Square that was the former home of a 24-hour McDonald's.

"I don't like the governor's approach, and I don't like Biden's approach. It's wrong for the United States and certainly wrong for New York City," said Holden.

Adams has called for help from the Biden administration as he tries to find places for the migrants to go, including to dozens of hotels throughout the city.

Holden said the migrants should "should stay in Mexico," and noted that the Immigration and Customs Enforcement (ICE) office in Manhattan is "booked for the next 10 years."


(More on the link)

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nivek

As Above So Below

REVEALED: Silicon Valley Bank donated over $73 MILLION to Black Lives Matter-related social justice groups before it collapsed

Silicon Valley Bank donated over $73 million to Black Lives Matter-related social groups in the years before it collapsed, while Signature Bank donated a total of $850,000, a database released by the conservative Claremont Institute shows. The revelation comes as the banks have been derided for being too woke and not focusing enough on the red flags that were building up at their companies.

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pigfarmer

tall, thin, irritable
geee.... maybe someone could ask the previous mayor BeBlabbio where that other BILLION dollars went that his wife got for ... stuff and equality and other ... stuff .....

DeBlasio's 6'5" tall. Didn't know you could pile shit that high.
 

nivek

As Above So Below

2½ tons of uranium goes missing in war-torn Libya, prompting nuclear security fears

The United Nations nuclear watchdog has revealed that about two-and-half tons of uranium has gone missing in war-torn Libya, prompting nuclear security fears.

Natural uranium cannot immediately be used for energy production or bomb fuel as the enrichment process typically requires the metal to be converted into a gas before being spun in centrifuges to reach the levels needed.

However, each ton of natural uranium - if obtained by a group with the technological means and resources - can be refined to 12lb of weapons-grade material over time, experts say, making the recovery of the missing metal important for non-proliferation experts.

The Vienna-based International Atomic Energy Agency said its director-general, Rafael Mariano Grossi, informed member states on Wednesday about the missing uranium.

On Tuesday, 'agency safeguards inspectors found that 10 drums containing approximately 2.5 tons of natural uranium in the form of uranium ore concentrate were not present as previously declared at a location in the state of Libya', the IAEA said.


(More on the link)

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nivek

As Above So Below

Mini Muscle: World's shortest bodybuilder - at 3ft 4ins - marries his dream woman who's 4ft 2in

World's shortest bodybuilder - at 3ft 4ins - marries his dream woman who's 4ft 2in

Pratik Vittal Mohite, 28, from Raigad, Maharashtra, central India, was born with his disability and struggled his entire life to fit in, and was sceptical he'd ever be able to find someone to share his life. Four years ago he met Jayaa, 22, (pictured together right) after their families searched for someone to match each other's size. But at the time Pratik, a cricket fan, was not ready to settle down. He said: 'I liked Jayaa the moment I saw her and I think she liked me, she seemed impressed by my physique but I couldn't provide for her. I wanted to get a good job, do well as a bodybuilder and make sure I could give her a good life.'

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pigfarmer

tall, thin, irritable
AI develops cancer treatment in 30 days, predicts survival rate

AI develops cancer treatment in 30 days, predicts survival rate​

By Brooke Steinberg
March 20, 2023 9:32am

Artificial intelligence has developed a treatment for cancer in just 30 days and can predict a patient’s survival rate.

In a new study published in the journal Chemical Science, researchers at the University of Toronto along with Insilico Medicine developed a potential treatment for hepatocellular carcinoma (HCC) with an AI drug discovery platform called Pharma.AI.

HCC is the most common type of liver cancer and occurs when a tumor grows on the liver, according to Cleveland Clinic.

Researchers applied AlphaFold, an AI-powered protein structure database, to Pharma.AI to uncover a novel target — a previously unknown treatment pathway — for cancer and developed a “novel hit molecule” that could bind to that target without aid.

The creation of the potential drug was accomplished in just 30 days from the selection of the target and after synthesizing just seven compounds.

After a second round of generating compounds, they discovered a more potent hit molecule — but any potential drug would need to go through clinical trials before widespread use.

Prescription medication is strewn about, with pill bottles in the deep background. Artificial intelligence has developed a treatment for cancer in just 30 days and can predict a patient’s survival rate.Getty Images/iStockphoto Liver cancer or liver tumor, Hepatocellular carcinoma (HCC), causes, symptoms, treatments, 3d illustration HCC is the most common type of liver cancer and occurs when a tumor grows on the liver.Getty Images/iStockphoto
“While the world was fascinated with advances in generative AI in art and language, our generative AI algorithms managed to design potent inhibitors of a target with an AlphaFold-derived structure,” Alex Zhavoronkov, founder and CEO of Insilico medicine, said in a statement.

AI is rapidly changing the way drugs and medicine are discovered and developed, as the traditional method of trial and error is slow, expensive and limits the scope of exploration.

“This paper is further evidence of the capacity for AI to transform the drug discovery process with enhanced speed, efficiency, and accuracy,” Michael Levitt, a Nobel Prize winner in chemistry, said. “Bringing together the predictive power of AlphaFold and the target and drug-design power of Insilico Medicine’s Pharma.AI platform, it’s possible to imagine that we’re on the cusp of a new era of AI-powered drug discovery.”

Alex Zhavoronko, Founder and Chief Executive Officer of Insilico Medicine speaks during a session at the Dubai Future Forum at the museum of the Future in Gulf emirate of Dubai, United Arab Emirates, 12 October 2022. “Our generative AI algorithms managed to design potent inhibitors of a target with an AlphaFold-derived structure,” Alex Zhavoronkov, founder and CEO of Insilico medicine, said.ALI HAIDER/EPA-EFE/Shutterstock
In 2022, AlphaFold made a huge breakthrough in both AI and structural biology by predicting protein structure for the whole human genome.

“AlphaFold broke new scientific ground in predicting the structure of all proteins in the human body,” co-author Feng Ren, chief scientific officer and co-CEO of Insilico Medicine, said.

“At Insilico Medicine, we saw that as an incredible opportunity to take these structures and apply them to our end-to-end AI platform in order to generate novel therapeutics to tackle diseases with high unmet need. This paper is an important first step in that direction.”

The pipeline to combine AlphaFold with Insilico Medicine end-to-end, and AI-powered drug discovery platforms PandaOmics and Chemistry42 in the drug discovery for hepatocellular carcinoma from target selection and hit generation to hit identification. Researchers applied AlphaFold, an AI-powered protein structure database, to Pharma.AI to uncover a novel target.Royal Society of Chemistry
Researchers also explained how different AI information can revolutionize health care.

“What this paper demonstrates is that for health care, AI developments are more than the sum of their parts,” Alan Aspuru-Guzik, a professor of chemistry and computer science at U of T’s Faculty of Arts & Science, said. “If one uses a generative model targeting an AI-derived protein, one can substantially expand the range of diseases that we can target. If one adds self-driving labs to the mix, we will be in uncharted territory. Stay tuned!”

A separate study published in the journal JAMA Network Open showed an AI system invented by scientists at the University of British Columbia and BC Cancer was able to predict cancer patient survival rates using doctors’ notes.

Insilico Medicine Researchers at the University of Toronto along with Insilico Medicine developed a potential treatment for hepatocellular carcinoma (HCC).Insilico Medicine
The model uses natural language processing (NLP), which is a part of AI that can understand complex human language.

The NLP can analyze doctors’ notes after an initial consultation visit and identify individual characteristics specifically for each patient.

It was able to predict six-month, 36-month and 60-month survival with an accuracy rate of over 80%. This model can also determine rates for all cancers, while previous models were only able to apply to certain cancer types.

[IMG alt="Insilico Medicine
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The creation of the potential drug was accomplished in just 30 days from the selection of the target and after synthesizing just seven compounds.Insilico Medicine
“The AI essentially reads the consultation document similar to how a human would read it,” lead author Dr. John-Jose Nunez, a psychiatrist and clinical research fellow with the UBC Mood Disorders Centre and BC Cancer, said in a statement. “These documents have many details like the age of the patient, the type of cancer, underlying health conditions, past substance use, and family histories. The AI brings all of this together to paint a more complete picture of patient outcomes.”

Cancer survival rates are traditionally calculated retrospectively and only categorized by a few generic factors such as tissue type and cancer site.

This model was tested using data from 47,625 patients across six BC cancer sites located in British Columbia.

[IMG alt="Insilico Medicine
"]https://nypost.com/wp-content/uploads/sites/2/2023/03/NYPICHPDPICT000008528193.jpg?w=1024[/IMG]
AI is rapidly changing the way drugs and medicine are discovered and developed.Insilico Medicine
“Because the model is trained on BC data, that makes it a potentially powerful tool for predicting cancer survival here in the province,” Nunez said.

“The great thing about neural NLP models is that they are highly scalable, portable and don’t require structured data sets,” he added. “We can quickly train these models using local data to improve performance in a new region. I would suspect that these models provide a good foundation anywhere in the world where patients are able to see an oncologist.”

What do you think? Be the first to comment.
AI could be a cutting-edge technology for future cancer care that could be applied in cancer clinics around the world.

“Predicting cancer survival is an important factor that can be used to improve cancer care,” Nunez said. “It might suggest health providers make an earlier referral to support services or offer a more aggressive treatment option upfront. Our hope is that a tool like this could be used to personalize and optimize the care a patient receives right away, giving them the best outcome possible.”
 
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