Using Price Action Charts In Forex Trading

Using Price Action Charts in Forex Trading

by

Linn Spann

Price action charts are pretty much a staple when it comes to trading foreign currencies. They are charts that look at the market and provide you an idea of any resistance or support, as well as other changes to the currency or currencies that you are trading. They are an especially good tool for beginner traders and are easier to read than charts with indicators. This charts on their own work pretty well, though a lot of traders also use indicators on their charts. Let\’s take a look at using the price action chart and how to use it in the Forex market.

A price action chart should be started off stripped to the bare essentials. That means no indicators and no hoard of multiple lines on one chart, just regular price action chart. This chart on its own can actually show you potential trends which are about to happen in the market so in order to correctly read what it\’s telling you, you have to be able to clearly see the data.

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When you have done that, you can set up what are known as price action setups. These setups are actually trend indicators. They will help grab your attention when something needs to be changed and essentially act as your signal to buy and sell. The great advantage of these charts, other than the fact that they are an accurate indicator of the market forces at work, they also provide a much cleaner interface than looking at multiple chart indicators.

Price charts with the right set up are really all you need in order to accurately be able to read and comprehend market trends. Rather than having messy charts that throw you off track, price action charts help make it easier to read the consequences of the market forces at work.

Linn writes for

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. At

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, Chris Capre offers his unique Institutional and Retail market experience teaching Price Action & Ichimoku Strategies to trade the market successfully.

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US free speech lawyer Marc Randazza discusses Glenn Beck parody

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US free speech lawyer Marc Randazza discusses Glenn Beck parody

Monday, October 19, 2009

Wikinews interviewed US free speech lawyer Marc Randazza, on his defense of a parody website which satirizes American political commentator Glenn Beck. Florida resident Isaac Eiland-Hall created the website in September, and it asserts Beck uses questionable tactics “to spread lies and misinformation”.

The case Beck v. Eiland-Hall is currently before the World Intellectual Property Organization (WIPO) in Geneva, Switzerland. Wikinews previously reported on the case, in an article earlier this month, “US free speech lawyer defends satire of Glenn Beck”.

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2008 TaiSPO: Interview with Ideal Bike Corporation and Gary Silva

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2008 TaiSPO: Interview with Ideal Bike Corporation and Gary Silva

Friday, March 28, 2008

2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.

Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.

For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.

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Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended

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Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended

Monday, October 2, 2006

Buffalo, New York —Sam Savarino, CEO of Savarino Companies, the development company to be in charge of building the Elmwood Village Hotel at Forest and Elmwood Avenues in Buffalo, New York has told Wikinews in an exclusive interview that the contract to buy the properties from 1109-1121 on Elmwood Avenue in Buffalo has been “extended,” but would not elaborate on how long the extension would last.

“We have extended our agreement to purchase the property and will have it under contract for what we hope is a sufficient period of time,” said Savarino.

The hotel would require the demolition of the five properties on Forest and would cause several businesses to relocate or close their doors. The hotel will be 72 rooms and will cost at least 7 to 10 million dollars to build. Wyndham Hotels is expected to be the owner/operator of the hotel. The properites are still owned by Hans Mobius. Two other properties, 605 and 607 Forest might also be part of the proposal, but lawsuits have so far stopped any development from taking place.

Savarino also stated in a recent interview with Wikinews that his company may be “about ready for round two” in the process of resubmitting the hotel proposal to the City of Buffalo’s Common Council and Planning Board.

“If we were to go through the re-zoning process again it could be arduous,” said Savarino.

In July, Savarino “withdrew” the proposal which is undergoing a “do-over,” according to Vice President of Savarino Companies, Eva Hassett.

In related news, several residents around the area of the proposed hotel were speculating that current roadwork to repair and add sewer lines on Forest Avenue were part of the construction process for the proposed hotel. Savarino has denied those claims.

“We are certainly not doing any work on the site nor is any work being performed on our behalf or at our direction [in relation to the hotel],” said Savarino.

So far, the proposal has not been resubmitted to the City’s Common Council or Planning board and there is no word on when the proposal will be resubmitted.

Wyndham Hotels, which is owned by Cendant Corporation, has not commented on the proposal despite several attempts to contact them.

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.
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Posted: September 24th, 2022 by Admin

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I Os Vs. Android: Which Is More Secure?

iOS vs. Android: Which is More Secure?

by

Yancy Marry

While the iOS platform still dominates the mobile application industry, the Android platform is gradually gaining in popularity. The mobile market worldwide is thriving on the sales of apps and devices running both the Android and iOS operating systems. In the face of the rapidly rising usage of both OS platforms, mobile market researchers have come up with security issues that concern the users of both Google s Android and Apple s iOS platforms; these issues are reportedly the concern of not only the mobile customers but also the software developers. Below is a comprehensive discussion of which OS platform is more secure:

1. Application distribution channels The Android platform provides more methods and opportunities for loading mobile apps in the devices. For instance, all mobile devices running this platform support the storage of multiple apps while also allowing over the air large scale application distribution. iOS apps on the other hand can be distributed only through Apple s App Store. Hence, this makes the latter more secure than the former.

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2. Security testing of apps The verification level of security of mobile apps is not the same in separate Android Marketplaces or even in the Apple App Store. Testing of apps is no longer a secure operation in either the Google or the Apple application stores. The privacy matters of apps are not tested thoroughly in both stores. Moreover, reports of unauthorized access to the sensitive information stored in iOS apps and Android mobile applications have surfaced in the recent past. Therefore, in terms of testing, neither the iOS nor the Android platform is secure.

3. Data encryption techniques The levels of data encryption on both OS platforms are different. The type of encryption depends largely on the mobile device in which apps are running. Though both the Android and iOS operating systems come armed with mechanisms which support the storage of secrets in the ciphertext mode on disks, the developers do not take advantage of this feature while designing the encryption techniques. For instance, all information that is encrypted on a device can also be stored in the form of plain texts and synced to your PC, but this feature is never accessed by the developers.

4. The access control to the apps In both the Android and iOS platforms, access control is permission based. But if reports of mobile market researchers are to be believed, the model followed by Google is comparatively better than that followed by Apple. The static list that comes up inside an Android manifest asks permission from Android app users each time an application request is made. The list is presented to the user at the time when he/she is about to install the app in the device. The reason why iOS apps fail to provide better access control is because of the fact that whenever an app makes a request for protected features during runtime, a dialog box pops up right at the middle of the device screen asking for permission from the user as whether he/she would like to provide access to the resource through app usage. Whenever the user clicks on no , the app fails to install.

It is difficult to speak in favor or against either the iOS or the Android platform in terms of which provides better security of apps to the user. The way of using the device plays a major role in determining the security level.

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Posted: September 22nd, 2022 by Admin

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US federal judge and Florida judge clash over Scientology wrongful death case

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US federal judge and Florida judge clash over Scientology wrongful death case

Sunday, October 10, 2010

A United States federal court judge and Florida state court judge are enmeshed in a conflict against each other regarding a wrongful death lawsuit involving Scientology.

A federal judge for the United States District Court for the Middle District of Florida, Steven Douglas Merryday, ordered Pinellas County Senior Circuit Judge Robert E. Beach not to intervene regarding appearance of an attorney in a federal court case involving Scientology. Lawyer Kennan Dandar is representing the estate of Kyle Thomas Brennan in a wrongful death claim against the Scientology organization.

The suit asserts that members of the Scientology organization, including the father of Brennan, removed access to the deceased’s anti-depression medication, and provided him with means to utilize a loaded gun. Brennan had been staying with his father for a week prior to his death. Police in Clearwater, Florida investigated the 2007 death of Brennan, and determined it was a suicide. Kyle Brennan was himself not a member of Scientology. The lawsuit, filed in 2009, was filed by Brennan’s mother on behalf of her son’s estate. Named as defendants in the lawsuit include the Scientology organization, its subdivision the Flag Service Organization, twin sister of Scientology leader David Miscavige – Denise Gentile, and her husband Gerald Gentile.

Attorney Dandar had previously represented the estate of Lisa McPherson in a separate civil wrongful death claim against the Scientology organization. After being under the care of members of the Scientology organization for 17 days, McPherson died in Clearwater in 1995. The wrongful death suit claimed that Scientology officials permitted McPherson to deteriorate to a dehydrated state, where her condition was such that she did not have the energy to fend off cockroaches from biting her skin.

Scientology management settled the McPherson wrongful death case in 2004; lawyers representing the organization stated the settlement included a confidential arrangement with Dandar to never again represent clients in lawsuits against Scientology entities. The settlement included an agreement that both sides would never speak again about the case; California lawyer Ford Greene commented, “The church bought silence.” The Scientology organization had also filed a countersuit against the estate of Lisa McPherson, and named Dandar a party to that lawsuit. The organization claimed Dandar had inappropriately tried to add the head of Scientology David Miscavige as a party to the wrongful death lawsuit.

I’m stuck in the middle of two courts.

Scientology legal representatives requested Judge Beach to see to it that Dandar abide by the secret settlement agreement, and Beach subsequently issued an order in June 2009 that Dandar be removed from the Brennan wrongful death case. Dandar faced sanctions from Judge Beach including suspension of Dandar’s license to practice law, a US$130,000 judgement to be given to the Scientology organization, and a fine of $1,000 per day. Judge Beach ruled that all money from the sanctions imposed against Dandar – were to go directly to the Scientology organization. The Tampa Tribune noted that Judge Breach made his ruling, “in an inexplicably closed hearing from which Beach tossed a St. Petersburg Times reporter”.

Faced with these possible sanctions, Dandar filed an “involuntary” motion to withdraw from the Brennan wrongful death case in federal court, but Judge Merryday denied this request. Dandar stated to The Tampa Tribune, “I’m stuck in the middle of two courts.”

D. Wallace Pope, a lawyer for the Scientology organization, stated that he wished to show evidence regarding the settlement in the McPherson wrongful death case. However, Judge Merryday emphasized his main issue was determining whether or not Dandar was being penalized for obeying the federal court’s order denying his request to be withdrawn from the Brennan wrongful death case. Judge Merryday stated he would prevent the Scientology organization along with Judge Beach from punishing Dandar for representing his client in US federal court. Merryday stated Beach had attempted to usurp control outside of his jurisdiction, thereby “aggressively” interferring with the US federal court process through imposing sanctions on Dandar.

Merryday has served as a US federal judge based in Tampa, Florida since 1992. The St. Petersburg Times noted that Judge Merryday, “has presided over some of the region’s most noteworthy cases.” Judge Merryday’s court order creating an injunction against Beach was 29-pages long, and criticized the “stunning severity” of Beach’s sanctions imposed on Dandar. Merryday explained that the federal court needed to “act in defense of the (federal) court’s jurisdiction”, due to Beach’s actions. Referencing Judge Beach, Merryday wrote in his court order, “A judge should not undertake, directly or indirectly, overtly or through a surrogate, to compel an act by another judge, especially in a different jurisdiction.”

Judge Merryday stated to Scientology lawyers, “have forced my hand on this issue.” Merryday stated to Scientology lawyer, Robert Potter, “I don’t like being put in this position. When people start to squeeze, other people can squeeze back.” Potter asked him to seal the proceedings from public view, and Judge Merryday responded, “I’m not going to be entering any seals unless I see a lawful reason, and I can’t even see the beginning of a reason”. Merryday stated he would not allow his court to be influenced by “some circuit judge somewhere who appears for all I can tell to have sealed something for some unknown reason”.

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Judge Beach responded to Judge Merryday’s injunction which “permanently enjoined” him from imposing sanctions on Dandar, by filing a motion on Thursday in federal court in Tampa. Beach asked Merryday to rescind his order so that he may recuse himself from acting as a judge on the Scientology case related to Dandar. Beach’s motion argued that he was denied due process because he was not given notice by Merryday of the hearing which occurred before Merryday issued his ruling. In addition, Beach asserted Merryday did not have power to issue the ruling restricting him from sanctioning Dandar, because Beach was not a party to the Brennan wrongful death case, and Merryday lacked authority to restrict powers of a judge from outside his federal court jurisdiction. In response, Judge Merryday has scheduled a hearing for October 12 in federal court to hear state court judge Beach.

Martin Errorl Rice is an attorney in St. Petersburg, Florida who represented Beach in the motion before the US federal court. Rice stated his client’s motivation in requesting the ruling by Judge Merryday be rescinded was to allow Beach to recuse from the Scientology case. Rice told the St. Petersburg Times that his client’s conflict with the US federal court has “cast kind of a cloud” over Beach’s position in the Scientology case.

Stetson University College of Law constitutional law professor Michael Allen analyzed the clash between the US judge and Florida judge for The Tampa Tribune. Allen observed that it was “very, very rare” for a US federal judge to order a state judge. He noted that a 1793 federal law contravenes such orders – except in “extraordinarily narrow” cases where the federal judges are permitted to create rulings in order to safeguard the jurisdiction of their federal court proceedings.

Retrieved from “https://en.wikinews.org/w/index.php?title=US_federal_judge_and_Florida_judge_clash_over_Scientology_wrongful_death_case&oldid=2541996”

Posted: September 21st, 2022 by Admin

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FBI begins widespread financial probe of 26 firms

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FBI begins widespread financial probe of 26 firms

Thursday, September 25, 2008

The FBI is investigating 26 firms and 1,400 individuals involved in the US financial crisis for fraud and “sub-prime lending practices”. Freddie Mac, Lehman Brothers, Fannie Mae and AIG are among the firms being scrutinized after recently receiving federal bailouts.

Investigators, who are cooperating with the IRS, Postal Office, and other federal offices to complete their investigation, are concerned that major corporations may have also forced or bribed ratings agencies to favor them.

The probe, which is in early stages, began eight months ago when the FBI began taking a close look at the mortgage industry and widespread irresponsible loaning practices. At least one corporation has been raided, but so far no evidence of fraud has been found.

The FBI has questioned executives of each of the firms closely, and arrested two in June. An anonymous source told The Times that the firms had been ordered to “hold all papers and e-mails under lock and key” as the FBI scours the finances of each firm.

Many of the companies and individuals being investigated are at the center of the nationwide financial crisis and controversial bailout plans, and have been widely blamed for the country’s financial crisis. The investigation has come at a time when the eyes of many in the US and around the world are turned towards the financial markets, as Congress and politicians scramble to fix the crisis while the election date looms closer.

Officials told CNN that it would be a long time before the investigations were finished, adding a warning: “Don’t expect indictments tomorrow or next week or next month”.

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Posted: September 19th, 2022 by Admin

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How To Find Out If Your Husband Has A Secret Email, Right Here!

By Verny L

How to find out if your husband has a secret email?

If you are one of those women who are seeking for an answer to this question then you have made the right decision to click on this article and to read it. There is only one reason why a husband will keep a secret email and that is he is using that email for activities that he does not want you to know about. Most likely, he is using that email to communicate with his lover.

Of course, you should not jump into conclusions. The first question that you need to answer right now is how to find out if your husband has a secret email. After you have found out the truth about the existence of the secret email then that is the only time that you should think about the next steps that you are going to take. There is more than one way to know whether or not your husband is keeping a secret email or not and you will know them here.

We live in modern times and everything nowadays is done the ‘high tech’ way. Computers and the Internet are now indispensable parts of our lives and it seems that we can no longer exist without them. In general, computers and the Internet are good things. They have become valuable tools for different aspects of our lives such as education, entertainment and even business. Technology is a double-edged sword though. It can either work for you or against you. It can be used both for good and evil. Unfortunately, some people choose to use technology for dubious purposes. These include cheating husbands who are using the Internet to have cyber affairs with other women.

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To know the answer to the question how to find out if your husband has a secret email or not, you can go the old-fashion route and use your innate snooping kills to know the truth. You can sneak up on his computer when he is not looking. If you know the password to his original email account then you can check it out and see if there are any references to email accounts there that you don’t know about. It will also be worthwhile to check his social networking accounts if he has any. You can also observe his behavior whenever he is using his computer. Try to walk behind him when he is checking his email. If he is careful about you seeing the open windows in his PC, then he must really be hiding something.

So you think your husband is going tech on you with his cheating, then you can go tech with your ways of finding out the truth as well.

There is a software that you can install in his computer that will tell you the sites that he has been going to regularly including email accounts.

Not only that, with these tools, you will also be able to know exactly whom he is messaging and the messages that he has been sending.

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Posted: September 19th, 2022 by Admin

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‘Davos man’ versus ‘Camp Igloo’; 42nd World Economic Forum convenes in Swiss alps

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‘Davos man’ versus ‘Camp Igloo’; 42nd World Economic Forum convenes in Swiss alps

Thursday, January 26, 2012

Germany’s Chancellor Angela Merkel gave yesterday’s opening address to the 42nd meeting of the World Economic Forum (WEF), which is facing a distinctly different geo-political landscape from twelve months ago. Outside the WEF security cordon, in the sub-zero temperatures of Davos’ train station car park, the local incarnation of the Occupy movement are setting up ‘Camp Igloo’; but, with little hope of the archetypes of the 1%, ‘Davos Man’, arriving by public transport and seeing their sub-zero protest.

David Roth, heading the Swiss centre-left’s youth wing — and an organiser of ‘Camp Igloo’, echoes much of the sentiment from ‘Occupy’ protests around the world; “[a]t meetings the rest of society is excluded from, this powerful ‘1 percent’ negotiates and decides about the fate of the other 99 percent of this world, […] economic and financial concentration of power in a small, privileged minority leads to a dictatorship over the rest of us. The motto ‘one person, one vote’ is no longer valid, but ‘one dollar, one vote’.”

Roth’s characterisation of ‘Davos Man’, a term coined by the Professor Samuel Huntington of Harvard University, is more emotive than that of the late professor who saw ‘Davos man’ as “[having…] little need for national loyalty, view[ing] national boundaries as obstacles that thankfully are vanishing, and see[ing] national governments as residues from the past whose only useful function is to facilitate the elite’s global operations”.

As Reuters highlights, many attendees will opt to make their way from Zurich to Davos by private jet, or helicopter, and the WEF itself provides handouts indicating the cost of such is 5,100 Swiss francs (approx. 5,500 USD, 3,500 GBP, 4,200 EUR). In contrast: travelling by rail, even when opting for first class — without an advance booking, is 145 Swiss francs (approx. 155 USD, 100 GBP).

Shifting fortunes see several past attendees missing this year’s exclusive get-together in the alpine resort; for a second year running — and now caught up in the UK phone hacking scandal being scrutinised by Lord Leveson’s inquiry — media mogul Rupert Murdoch will not be attending. Nor will the former head of financial services company UBS Oswald Gruebel, who resigned in the wake of US$2.3 billion losses incurred through unauthorised trading; likewise, Philipp Hildebrand, the ex-head of the Swiss National Bank, is absent following scandal associated with his wife’s currency trading activities; and, although the sexual assault charges against Dominique Strauss-Kahn were dropped, having stepped down as managing director of the International Monetary Fund Strauss-Kahn will also be absent.

As the #OccupyWEF protesters were building igloos last weekend, an anti-WEF protest in the Swiss capital Berne was broken up by police, who stated their intent to prosecute participants in the illegal protest. Allegations of calls for violent protest action led to a high number of officers being involved. In the aftermath, charges of breach of the peace are to be brought against 153 people, with some targeted for more serious offences. At least one group involved in the protest described the police response as “disproportionate”.

At ‘Camp Igloo’ Roth says he is seeking discussions with the WEF’s expected 2,000 attendees; but his voice, and that of others in the worldwide ‘Occupy’ movement, is unlikely to be given a platform in the opening debate, “Is 20th-century capitalism failing 21st-century society?” He, and others taking part in this Swiss incarnation of the ‘Occupy’ movement, are still considering an invite to a side-session issued by the World Economic Forum’s founder, Klaus Schwab; commenting on the invite Roth told the Associated Press they would prefer a debate at a more neutral venue.

As has been the case for several years now, the annual Forum meeting in Davos was preceded with the release of a special report by the World Economic Forum into risks seen as likely to have an impact the in the coming decade. The 2012 Global Risks Report is a hefty document; the 64-page report is backed with a variety of visualisation tools designed to allow the interrelations between risks to be viewed, how risks interact modelled, and their potential impacts considered — as assessed by the WEF’s panel of nearly 500 experts.

As one would expect, economic risks top both the 2012 impact and likelihood charts. Climate change is pushed somewhat further down the list of concerns likely to drive discussions in Davos. “Major systemic financial failure” — the collapse of a globally important financial institution, or world currency, is selected as the risk which carries the most potential impact.

However, “Chronic fiscal imbalances” — failing to address excessive government debt, and “Severe income disparity” — a widening of the the gulf between rich and poor, top the list of most likely risks.

At the other end of the tables, disagreeing respectively with the weight last year’s Wikinews report gave to orbital debris, and the Motion Picture Association of America’s (MPAA) fight with the Internet over copyright legislation, the 2012 Global Risks Report places “Proliferation of Orbital Debris” and “Failure of intellectual property regime” bottom of the league in terms of potential impact.

In 2011, with the current global economic crisis well under-way, “Fiscal crises” topped the WEF risks with the largest potential impact in the next ten years. However, perceived as most likely a year ago, “Storms and cyclones”, “Flooding”, and “Biodiversity loss” — all climate-change related points — were placed ahead of “Economic disparity” and “Fiscal crises”.

More mundane risks overtake the spectre of terrorism when contrasting this year’s report with the 2011 one; volatility in the prices of commodities, consumer goods, and energy, and the security of water supplies are all now ranked as more likely risks than terrorism — though the 2011 report did rank some of these concerns as having a higher potential impact. A significant shift in perception sees the 2012 report highlight food shortages almost as likely a risk the world will face over the next decade; and, one with a far more significant impact.

Attending the World Economic Forum at Davos is more than just an opportunity to discuss the current state of the global economy, and review the risks which face countries around the world. With such a high number of political and business leaders in attendance, it is an ideal opportunity to pursue new trade deals.

Canadian Prime Minister Stephen Harper is, in addition to being a keynote speaker, expected to pursue improved relations with European and Asian trade partners at private meetings on the Forum sidelines. The Toronto Star reports Harper is likely to push forward an under-negotiation Canadian-European free-trade agreement, and hold closed-door discussions prior to next month’s planned trip to China.

Similarly, Canadian trade minister Ed Fast is expected to meet South Korean counterparts to discuss an equivalent deal to the preferential ones between the Asian nation and the US and Europe. Fast’s deal does, however, face opposition at home; the Canadian Auto Workers union asserts that such a deal would put 33,0000 jobs at-risk.

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British Prime Minister David Cameron and chancellor George Osborne are expected to discuss a possible increase of UK funding to the International Monetary Fund (IMF); however, with the UK responsible for 4.5% of the US$400 billion in the IMF’s lending fund, backbench MPs have warned that committing any additional funds could provoke a Conservative revolt in parliament. Tuesday’s IMF cut of predicted global growth from 4% to 3.3%, warnings of a likely Eurozone recession in 2012, and ongoing problems with Greek financial restructuring, are likely discussion topics at Davos — as well as amongst UK backbench MPs who see adding to the IMF war-chest as bailing out failed European economies.

South Africa, less centre-stage during the 2011 Forum, will be looking to improve relationships and take advantage of their higher profile. President Jacob Zuma and several cabinet members are attending sessions and discussions; whilst former UK Prime Minister Gordon Brown is to moderate a session, “Africa — From Transition to Transformation“, with Nigeria, Guinea, and South Sudan’s presidents on the panel. Wal-mart’s CEO Doug McMillon is to lead a dinner session, “Shared Opportunities for Africa’s Future” — highlighting larger multinationals looking towards the continent for new opportunities.

Davos may also serve as a place to progress disputes out of the public eye; a high-profile dispute between Chile’s state-owned copper mining business, Codelco, and Anglo American plc over the 5.39 billion USD sale of a near-quarter stake in their Chilean operations to Japan’s Mitsubishi, prompted the Financial Times to speculate that, as the respective company chiefs — Diego Hernández and Cynthia Carroll — are expected to attend, they could privately discuss the spat during the Forum.

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Posted: September 18th, 2022 by Admin

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Study: cognitive therapy as good as medication, but lasts longer

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Study: cognitive therapy as good as medication, but lasts longer

Wednesday, April 6, 2005A landmark study comparing effectiveness in reducing major depression of two forms of initial treatment — cognitive therapy which involves discussing thought processes with a qualified counselor, vs medication — has revealed that both forms of therapy reduce depression, but that the benefits of cognitive therapy last longer than those of medication. The study finding contradicts current treatment guidelines of the American Psychiatric Association (APA).

The 16-week study, by researchers at the University of Pennsylvania and Vanderbilt University, was the largest trial yet undertaken to resolve the years-old debate. Two-hundred-and-forty patients with moderate-to-severe depression were given one or other of the treatments, or a purposely-ineffective placebo. Study representatives described the two treatments about equally effective — both much more effective than the placebo — but with the positive effect of talk-therapy lasting longer.

In fact, the cognitive therapy group saw only as many relapses as a another group that had continued to receive drug therapy.

“We believe that cognitive therapy might have more lasting effects because it equips patients with the tools they need to learn how to manage their problems and emotions,” said Robert DeRubeis, professor and chair of Penn’s Department of Psychology. “Pharmaceuticals, while effective, offer no long term cure for the symptoms of depression. For many people, cognitive therapy might prove to be the preferred form of treatment.”

“Medication is often an appropriate treatment, but drugs have drawbacks, such as side effects or a diminished efficacy over time,” DeRubeis said. “Patients with depression are often overwhelmed by other factors in their life that pills simply cannot solve. In many cases, cognitive therapy succeeds because it teaches the skills that help people cope.”

Researchers pointed out that while the effectiveness of cognitive therapy depended largely on the experience of the practitioner, the same was true of medication, due to the judgement required in prescribing correct dosages of drugs.

The APA declined to comment, on the basis that a quote appearing on Wikinews could be distorted by subsequent edits of the article.

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Posted: September 17th, 2022 by Admin

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