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Mon, 27th March 2017

Anirudh Sethi Report

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Latest Posts

Japan’s Docomo to help farmers increase milk production

Wireless sensors will tell when cows are in heat

NTT Docomo’s sensors, placed on the neck of cows, will detect motions and other activities indicating estrus.

– Japanese telecommunications giant NTT Docomo will launch an internet-linked monitoring service later this month that will help farmers better determine whether a cow is in heat.

Dairy cows are said to produce more milk when in estrus, and the innovation would also promote the efficient breeding of beef cattle.

 Docomo’s system will adopt devices developed by Hokkaido startup Farmnote. The plan is to market the product via regional agricultural associations and have 1,000 dairy farmers adopt the technology in two years.

Sensors placed on the cows’ necks will monitor their movement, rumination times and other data. That information will be collected wirelessly to determine whether those activities have escalated — a sign that a cow is in heat. This internet of things application is believed to be at least 90% accurate for free-range cattle.

Artificial intelligence programs will enable determinations based on individual differences. Prices for sensors and other devices come to 29,800 yen ($264) per head, along with a monthly service fee of 200 yen a cow. Data-relaying equipment and placing the sensors on the cattle will cost extra.

Dairy farmers who own 50 cows stand to lose nearly 4 million yen annually in reduced milk volume if they miss estrus cycles. For that reason, producers are expected to recoup initial costs after using Docomo’s system for a year.

The devices will also quickly detect signs of sickness or similar problems within cattle. Docomo is also looking at providing additional services, including those that would aid raising calves, monitor feed levels and support farm produce logistics.

Docomo aims to take in about 100 billion yen from its internet of things business in fiscal 2020, or triple fiscal 2016’s estimate.

Dollar’s Technical Tone has Deteriorated

The failure of the Fed to signal an increased pace of normalization and the prospects of other central banks raising rates spurred dollar losses, which deteriorated its technical outlook. 
The Dollar Index has been sold through the 61.8% retracement (~100.40) of the rally since February 2 low near 99.25.   If the 100-level is breached now, a return to the early February low, looks more likely.
That 99.25 area is very important from a technical perspective.  It corresponds to a 38.2% retracement of the rally since last May’s low and it is also a neckline of the old head and shoulders pattern.  The measuring objective of the head and shoulders pattern is near 94.75, which is just above the 61.8% retracement of the rally since last May’s low.  The five-day moving average is below the 20-day average for the first time in a month.  Technical indicators are also aligned favoring the downside. 
The euro appears set to test the early February high near $1.0830, which also corresponds to the 50% retracement of the losses since the US election (~$1.0820).  The spike from the December ECB meeting was near $1.0875.  The 61.8% retracement of losses since the US election is roughly $1.0935.  Technical indicators favor additional gains, though the proximity of the upper Bollinger Band (~$1.0750) may deter new aggressive buying before a pullback. 

Challenges/Rewards

CHALLENGE

Getting attention.

REWARD

Barrier to entry nonexistent.

CHALLENGE

Getting publicity.

REWARD

Publicity is nearly irrelevant and the means of spreading the word are at your fingertips.

CHALLENGE

Making money.

REWARD

Successful artists are making more money in adjusted dollars than they ever were, just not as much as bankers or techies. Furthermore, there are many avenues of revenue. Endorsements, merch, privates…and live pays better than ever before.

CHALLENGE

Only Top Forty counts/can make you go nuclear.

Full text of the G20 statement from Baden-Baden

The full G20 communique released on March 18, 2017 from Baden-Baden, Germany

G20 Finance Ministers and Central Bank Governors
March 18, 2017, Baden Baden

  1. We met at a time when the global economic recovery is progressing. But the pace of growth is still weaker than desirable and downside risks for the global economy remain. We reaffirm our commitment to international economic and financial cooperation. We reiterate our determination to use all policy tools – monetary, fiscal and structural – individually and collectively to achieve our goal of strong, sustainable, balanced and inclusive growth, while enhancing economic and financial resilience. Monetary policy will continue to support economic activity and ensure price stability, consistent with central banks’ mandate, but monetary policy alone cannot lead to balanced growth. Fiscal policy should be used flexibly and be growth-friendly, prioritise high- quality investment, and support reforms that would provide opportunities and promote inclusiveness, while ensuring debt as a share of GDP is on a sustainable path. We emphasise that our structural reform and fiscal strategies are important components to supporting our common growth objectives and will continue to explore policy options tailored to country circumstances in line with the Enhanced Structural Reform Agenda. We reiterate that excess volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. We will consult closely on exchange markets. We reaffirm our previous exchange rate commitments, including that we will refrain from competitive devaluations and we will not target our exchange rates for competitive purposes. We will carefully calibrate and clearly communicate our macroeconomic and structural policy actions to reduce policy uncertainty, minimise negative spillovers and promote transparency. We are working to strengthen the contribution of trade to our economies. We will strive to reduce excessive global imbalances, promote greater inclusiveness and fairness and reduce inequality in our pursuit of economic growth. We agree on a set of principles to foster economic resilience which provides an indicative menu to be considered in the update of G20 countries growth strategies under the Hamburg Action Plan. We take note of the work on inclusive growth within the Framework Working Group.
  2. We will deepen as well as broaden international economic and financial cooperation with African countries to foster sustainable and inclusive growth in line with the African Union’s (AU) Agenda 2063. We launched the initiative “Compact with Africa” aimed at fostering private investment including in infrastructure. The initiative is demand-driven and respects country-specific circumstances and priorities. The initiative provides modules of good practices and instruments that could be applied in tailor-made investment compacts being implemented through the commitment of multiple stakeholders, such as individual African countries, International Financial Institutions (IFIs) and bilateral partners. We welcome the report by the African Development Bank (AfDB), International Monetary Fund (IMF) and World Bank Group (WBG) and other contributors for the Compact. We support the intention of Côte d’Ivoire, Morocco, Rwanda, Senegal, Tunisia, the AfDB, IMF and WBG, and interested bilateral partners to work on investment compacts and develop strong investment climates. We encourage the private sector to take advantage of the investment opportunities provided and invite other African countries, IOs and interested bilateral partners to join the investment compacts. We will support continuity of this work and its coherence with other initiatives.

N.Korea’s Kim Jong Un says engine test is ‘new birth’ of rocket industry

North Korea has conducted a test of a new high-thrust engine at its Tongchang-ri rocket launch station and leader Kim Jong Un said the successful test was “a new birth” of its rocket industry, the reclusive North’s official media said on Sunday.

The engine would help North Korea achieve world-class satellite launch capability, KCNA said, indicating the test was of a new type of rocket engine for long-range missiles.

 The United States and China pledged to work together to get the North to take “a different course” and move away from its weapons programmes after U.S. Secretary of State Rex Tillerson met his Chinese counterpart on Saturday.

North Korea has conducted five nuclear tests and a series of missile launches, in defiance of U.N. sanctions, and is believed by experts and government officials to be working to develop nuclear-warhead missiles that could reach the United States.

Kim Jong Un has said North Korea is close to a test-launch of an intercontinental ballistic missile.

Paris Airport Attacker’s Last Words: “I Am Here To Die For Allah, There Will Be Deaths”

The man shot dead by French soldiers at Paris Orly airport on Saturday shouted he was there to “die for Allah” when as reported this morning, he tried to seize a soldier’s assault rifle, apparently intending to open fire on passengers, a Paris prosecutor said. According to the Paris prosecutor, Francois Molins, who held a press conference in the French capital on Saturday evening the attack is being treated as a terrorist incident, and three people – the assailnt’s father, brother and cousin – have been placed in custody.

The attacker, named as Ziyed Ben Belgacem, arrived at Orly airport on Saturday morning, threw down a bag containing a can of petrol and seized hold of a woman air force member who was part of a military patrol at the airport. Using the servicewoman as a shield, he put his air pistol to her head and shouted at other soldiers with her: “Put down your guns. Put your hands on your head. I am here to die for Allah, there will be deaths.”

He was right, but the death was only one… his, because the moment he grabbed the woman, two soldiers fired eight bullets in three bursts at the man, killing him instantly. A Koran was found on his body.

According to Reuters, the prosecutor said the assailant, who tried to grab the woman’s Famas assault rifle, seemed bent on carrying out a serious attack. “Given the violence that is shown in the (CCTV) pictures … you sense that he was determined to go through with it,” Molins told a news conference. “Everything leads one to believe he wanted to seize the Famas so that there were deaths and then to fire at people.”