WILMINGTON, MA — Below is a list of FREE upcoming library programs for adults, teens and kids submitted by the Wilmington Memorial Library:Registration begins 30 days prior to the event. Please register online using our Calendar of Events at www.wilmlibrary.org or by calling (978) 694-2099 (for Adult) or (978) 694-2098 (for Children/Teen). Please note we request registration for programs that are marked *RR. Thank you to the Friends of the Library for funding support for library programs!Adult EventsCoffee with a CopWednesday, September 18, 10 amDrop in, grab a tea or coffee, and chat with a police officer. Learn about the rights of the public as well as the roles and responsibilities of police and community in a relaxed and open setting. All questions welcome.Current Affairs Discussion Group *RRWednesday, September 18, 7 pmThis group is for all who would like to broaden their knowledge of current national and international affairs. You will have the opportunity to discuss topical events and learn from others. Recommended background readings will be provided prior to each meeting. Led by facilitator Dan Hall.Musical Stylings of John Muratore*RRThursday, September 19, 2:30 pmJoin Boston University School of Music faculty member John Muratore, one of Boston’s best-known and most highly regarded classical guitarists, as he performs Spanish classical guitar favorites as well as Latin American, jazz and folk-inspired compositions. Don’t miss this afternoon of beautiful music!Novel Ideas Book Group *RRThursday, September 19, 7 pmFeatured Book: The Glass Ocean by Beatriz Williams, Karen White, Lauren WilligPlease stop by the library to pick up a copy of the featured book.Poetry Circle *RRSaturday, September 21, 9:15 am-11:30 amLove poetry? The poetry circle is a great opportunity to meet other poets and get constructive feedback in a supportive environment. When registering, please provide your email address so you can receive an agenda and any prep materials in advance. Led by local writing enthusiast, Barbara Alevras.Cemetery Stroll *RRSaturday, September 21, 10 amJoin us for a Cemetery Stroll, starting in the parking lot behind the library! This year’s Stroll will feature graves and stories related to Wilmington’s participation in and commemoration of the Civil War. Bring your walking shoes and enjoy a pleasant stroll in one of Wilmington’s most interesting historic locations. Led by Town Curator Terry McDermott.Kids & Teen EventsTeen Volunteer Orientation *RRSaturday, September 14, 10 amNeed volunteer hours? Whether for meeting your graduation requirement or just because you really love helping out at the library, we may have opportunities available for you! Please complete the online application at https://wilmlibrary.org/youth-services/teens/volunteers/ before attending. Grades 9-12Intro to Dungeons & Dragons *RRSaturday, September 14, 1-4 pmInterested in finding out more about this fantasy tabletop role-playing game, or looking for a group to play with? Join DM Alex for more info and a mini campaign! Grades 6-12Kids Crafts: Monkey and Rose Pencil Decorations *RRSaturday, September 14, 2 pmThis craft is led by three Wilmington High School students. Grades 1-5Little Movers *RRMonday, September 16, 10 amLet’s move! Join us for a morning of singing, dancing, and moving around! Ages 1-2Teen Volunteer Orientation *RRTuesday, September 17, 2:30 pmNeed volunteer hours? Whether for meeting your graduation requirement or just because you really love helping out at the library, we may have opportunities available for you! Please complete the online application at https://wilmlibrary.org/youth-services/teens/volunteers/ before attending. Grades 9-12Trivia Tuesday *RRTuesday, September 17, 7 pmShow us your smarts at pub-style trivia! Play against your friends, putting your pop culture knowledge to the test. The winning team walks off with prizes and bragging rights! Snacks provided. Grades 6-12Star Mag *RRWednesday, September 18, 3:45 pmCalling all kid writers and artists! Drop in to help create this magazine written by, for and about kids, and published by the library. Grades 3-6First Look Book Group *RRThursday, September 19, 2:30 pmWant to discover the next big thing in YA lit? First Look is for you! Hang out with other teen fiction aficionados and read books hot off the presses. Take home a book to keep after every meeting! Grades 6-12The College Camp *RRThursday, September 19, 7 pmIs college the right next step for you? Kristin Allaben, COO and Certified Greatness Zone Coach, can help high school students make the most informed decision possible about whether college, a trade school, or apprenticeship is the right fit, as well as additional guidance about what to do after senior year. Grades 9-12 and parentsLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.orgShare this:TwitterFacebookLike this:Like Loading… RelatedLIBRARY LINEUP: FREE Bach, Beethoven, & Brahams Concert On Sept. 12In “Community”LIBRARY LINEUP: Library To Host 6-Week Great Decisions Series On Foreign Policy TopicsIn “Community”LIBRARY LINEUP: Summer Bash On August 15; Coffee With A Cop On August 21In “Community”
Australian prime minister Malcolm Turnbull reacts during a media conference at Parliament House in Canberra, Australia, 23 August 2018. Photo: ReutersAustralian prime minister Malcolm Turnbull stubbornly clung to power on Thursday as senior ministers deserted him, saying he would hold a second leadership vote on Friday only if he received a letter signed by the majority of the ruling Liberal party.Turnbull narrowly won a leadership vote on Tuesday against former home affairs minister Peter Dutton. Dutton and senior ministers on Thursday called for a second ballot.Key Turnbull supporter finance minister Mathias Cormann said Turnbull no longer had majority party support and that Dutton was now the best person to lead the conservative government to the next election, due by May 2019.Several ministers have tendered their resignation. The leadership crisis saw the government adjourn parliament on Thursday until September.Turnbull said if he received a letter requesting a fresh vote with the signatures of 43 Liberal Party lawmakers, he would call a party meeting for midday Friday (0200 GMT). If a leadership spill motion was then passed, he would not stand in the vote.Australian media reported on Thursday that Treasurer Scott Morrison would be a surprise challenger for the top job.Morrison has been a Turnbull supporter, but has reportedly long held ambitions on the prime ministership.Whoever emerges as Australia’s next prime minister, they will become the country’s sixth prime minister in less than a decade. None of those, which includes two stints for Labor leader Kevin Rudd, have served a full term in office.”Australians will be rightly appalled by what they are witnessing in their parliament,” Turnbull told reporters in Canberra.The political revolving door has angered and frustrated voters and the business sector.The political uncertainty clouded the outlook for investors who punished the Australian dollar, sending it 0.9 percent lower to $0.7283. The Aussie was the worst performing major currency on Thursday.Australian shares slipped 0.2 percent.”For everybody in the country what is happening in Canberra is disappointing and frustrating. Business likes certainty and confidence in what happens in the future. Anytime we see uncertainty like what is happening in Canberra it is not helpful,” said Qantas CEO Alan Joyce.Liberal SplitTurnbull said the leadership crisis was an “internal insurgency” to move the Liberal party to the far right.”A minority in the party room, supported by others outside the parliament, has sought to bully, intimidate others into making this change of leadership,” he said.”It’s been described by many people…as a form of madness.Turnbull sort to raise doubts over Dutton’s ability to continue sitting in parliament, with reports he has financial interests in daycare centres which receive government funding.Australia’s constitution bans lawmakers from receiving commonwealth money.Turnbull said he asked Australia’s most senior legal officer to provide advice on Dutton’s eligibility on Friday morning.”I cannot underline too much how important it is that anyone who seeks to be prime minister of Australia is eligible to be a member of parliament,” said Turnbull.Adding pressure on rebel lawmakers, Turnbull said he would resign from parliament if he loses the leadership, threatening the government’s one-seat majority.Turnbull came to power in a party-room coup in September 2015. A social liberal and multi-millionaire former merchant banker, Turnbull has struggled to appeal to conservative voters and only narrowly won an election in 2016.The ruling Liberal-National coalition government has consistently trailed the opposition Labor party in opinion polls, but Turnbull has remained the voters’ preferred prime minister over Labor leader Bill Shorten.Shorten said the “cannibalistic behaviour” over the Liberal leadership was eating the government alive. “Australia no longer has a functioning government,” he told parliament.
Misri Lal, 52, a farm labourer, stands outside his house with his family in Bhomada village, Sehore district, in the central state of Madhya Pradesh, India, on 11 September 2018. — Photo: ReutersNarendra Modi swept India’s 2014 general election with the slogan “Achhe din (good days) are coming”.Four years later, as Prime Minister Modi mobilizes to win re-election in May, he and his Bharatiya Janata Party (BJP) are being buffeted for a lack of jobs, falling farm prices and rural wages, a tax reform that led to unemployment and a demonetization exercise that sapped liquidity.Despite high economic growth, the fall of the rupee currency to record lows this year has led to a surge in prices of largely imported fuel, which is feeding into inflation. Nationwide protests have broken out because of the price rise.“There’s no improvement in our life – we eat two basic meals a day but struggle to save for soap and detergent,” Misri Lal, 52, said in Bhomada village in central India’s Madhya Pradesh state, where he earns $2 a day watching over a yellowish-green soybean farm.In a series of interviews in India’s political heartland, the northern and central plains, many people said they had been disappointed by Modi’s government. But in a nation of 1.3 billion people, it was difficult to estimate how far the disillusionment had spread and how much it could affect Modi and the BJP at the next general election.Despite its fitful performance on the economy, the BJP remains robustly Hindu nationalist, which plays well among many voters. Modi’s aides insist that the party will not suffer in the election next year and will repeat the 2014 performance.They also say the BJP will do well in three big state elections due later in 2018, which could signal how things will go in the general election.Opinion polls predict Modi will return to power next year, but said the gap against the opposition was narrowing.But “achhe din”, which has become synonymous with Modi and his rule, is being mocked on social media in India. A cartoon widely distributed on Facebook’s WhatsApp messaging platform had a man looking through a telescope for “good days”. Another had Modi sitting in front of a spinning wheel weaving “achhe din” stories.Some BJP officials privately say they are not quite sure of sentiment in the small towns and villages of rural India, where two-thirds of the people live.Lal, the farm hand, said he was a long-time BJP supporter but it was time for change.“We have always voted for them but people are angry now. It appears things will change this time around,” Lal said, his wife and two grandchildren looking on from near their tin shed in the middle of the unfenced soybean fields.RURAL PAINThe Modi administration has acknowledged that farmers are suffering in a country where agriculture is the biggest employer, engaging 263 million people or 55 percent of the total number of workers.“Trends in inflation clearly show that farmers are under distress due to un-remunerative prices and need to be compensated appropriately,” India’s farm ministry said in a report sent to states last month and seen by Reuters.Rural wages have weakened across India compared to a high growth period during the rule of the center-left Congress party which aggressively promoted a rural jobs scheme that guaranteed every citizen paid work for at least 100 days in a year. Economists say its impact has now leveled out.A boom in the construction sector had sustained the growth in wages but that has since slowed down dramatically, dragged by Modi’s November 2016 move to suck high value currency notes out of the system to combat corruption and then a sweeping goods and services tax (GST) that businesses are struggling to adapt to.Average inflation-adjusted growth in rural wages fell to 0.45 percent between 2015/16 and 2017/18, compared with 11.18 percent between 2012/13 and 2014/15, said India Ratings & Research, a unit of international agency Fitch.The Reserve Bank of India says that high growth in rural wages from 2007/08 to 2012/13 was followed by a phase of “significant deceleration”.“GST and demonetization have really depressed the construction industry. I get only 20 percent of the work I used to get before demonetization,” said Chotelal Rajput, a construction contractor in the Madhya Pradesh capital Bhopal, as he stopped by a busy roundabout where dozens of laborers gathered to be hired for daily wages.In Wai, a small town south of Mumbai, migrant worker Mithilesh Yadav said he voted for Modi at the last election but would not do so again.“The BJP was talking about bringing down inflation, bringing down petrol and diesel prices, but instead they are raising prices every day,” the 26-year-old said. “All tall claims made by Modi were just advertising and we fell for it. I won’t commit the mistake again.”IT’S JOBSMany political analysts say Modi’s failure to create tens of millions of jobs for the country’s youth – a promise which helped him secure the largest mandate in three decades in 2014 – would be the biggest threat to his bid for another term.“No one here will vote for Modi,” said Rakesh Kumar, a college graduate in the town of Kasba Bonli in northern Rajasthan state who says he has worked as a house painter because he could not get any other employment.Kumar said he finally found a job as a teacher in a private college last month but his paltry monthly salary of 8,000 rupees (about $111) meant his six brothers worked as manual laborers.The town voted overwhelmingly for the BJP in 2014.In Panipat, a town north of the capital Delhi, workers in textile mills said hundreds had been laid off because many small business owners could not cope with the complexities of the new GST regime and had shut shop.Gopal Krishna Agarwal, a BJP spokesman, said the country could not expect the Modi government to resolve all its problems in so short a time.“India has been independent for more than 70 years and we can’t say that problems that have persisted for around 65 years would go away in four and half years,” he said.“We’re not saying every problem has been solved but our focus and direction are correct.”The BJP is also confident about its prospects next year because of the fractured opposition. Rahul Gandhi of the Congress is Modi’s main opponent, but there are a host of regional parties that are likely to divide the opposition vote.India Today news magazine published a survey last month predicting the BJP would lose seats compared to 2014, but retain just enough to form a government with allies if the opposition remained divided. It predicted the BJP would win 36 percent of the vote and Congress 31 percent, but said smaller parties would get 33 percent.Gandhi told a group of journalists last month that a “robust opposition alliance” would be in place before the 2019 election and that a candidate of a unified opposition would go up against the BJP in each constituency.“More damage has been done to India by this government than any in the past and everyone recognizes the over-riding need to thwart them,” Gandhi said, referring to the BJP’s Hindu nationalist agenda that critics say has targeted the country’s minorities.Subhanshu Sethia, a college student in the northern town of Meerut, said Modi’s singular failure had been the lack of jobs.“Achhe din is only for the rich, the businessmen who get fat contracts, for the rest of us it has been a let down,” he said.“There is a war out there for jobs.”
More information: Retrading, production, and asset market performance. PNAS 2015 ; published ahead of print November 9, 2015, DOI: 10.1073/pnas.1517038112AbstractPrior studies have shown that traders quickly converge to the price–quantity equilibrium in markets for goods that are immediately consumed, but they produce speculative price bubbles in resalable asset markets. We present a stock-flow model of durable assets in which the existing stock of assets is subject to depreciation and producers may produce additional units of the asset. In our laboratory experiments inexperienced consumers who can resell their units disregard the consumption value of the assets and compete vigorously with producers, depressing prices and production. Consumers who have first participated in experiments without resale learn to heed their consumption values and, when they are given the option to resell, trade at equilibrium prices. Reproducibility is therefore the most natural and most effective treatment for suppression of bubbles in asset market experiments. © 2015 Phys.org Commodity market volatility more perception than reality Other examples include the so-called dot-com bubble of 1995-2000, the stock market bubble of 1922-1929, and there was even a bubble in the uranium market in 2007. Often, speculative bubbles occur in the markets for durable goods, defined as an asset that does not quickly wear out. By contrast, studies have demonstrated that price-quantity equilibrium prevails in markets for goods that are immediately consumed, like milk shakes and haircuts; this is because the buyer and the seller never trade places, and the consumption value of the good is very high.A group of economics researchers at Chapman University in California, curious about production and trade in a stock-flow market for durable assets, treated the issue as a pure abstraction in a study recently published in the Proceedings of the National Academy of Sciences. They developed a model of a reproducible durable asset with several conceptual elements: First, the asset provides use value to its owner (dividends) through use.The asset depreciates over time. And suppliers can profitably sell newly manufactured units if the price is below the market price.They tested this model in two conditions: In the baseline treatment (BL), they suppressed the asset units’ option risk by requiring units to be held until they depreciated. The second condition was the resale treatment (RS), in which consumers were allowed to freely sell their units to each other, thereby competing with the manufacturer. The researchers found that the RS condition hindered prices from converging to equilibrium and degraded market efficiency. Additional sessions under the RS condition used participants who had prior experience in the BL. These sessions with experienced participants were referred to as RSX.The researchers found that there was much less resale in RSX than RS, and that resale in the RSX increased market efficiency more frequently. Consumers in the RS condition failed to optimally specialize as buyers, competing with the manufacturers by reselling their units. Resale was much more efficient when the consumers were experienced. The reason? Experienced buyers understood the consumption value of the asset. “Our statistical analysis gives us strong confidence that consumers were more focused on the consumption value of their units in the RSX than in the RS and consequently captured more gains from exchange,” the authors write. “This affected price and production convergence, as well as efficiency…”Other results: Prices converged to the short-run equilibrium in the BL and RSX, but diverged from it in RS. Production converged to the steady state in BL and RSX, but diverged in the RS. And the efficiency was the lowest in the RS, according to a measure of global efficiency for each period. The researchers conclude, “Resale alone—although destabilizing—does not generate price bubbles. Over the past quarter century, numerous real estate bubbles have occurred around the world, with serious economic consequences. Our design with reproducible assets suggests that these markets should be stable unless other factors such as credit, cash infusions, and limitations on production disrupt market equilibrium.” Citation: How experienced buyers can mitigate economic bubbles (2015, November 19) retrieved 18 August 2019 from https://phys.org/news/2015-11-experienced-buyers-mitigate-economic.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Journal information: Proceedings of the National Academy of Sciences Explore further (Phys.org)—Over the last decade, many people got a tough primer on the effects of economic bubbles, as the bursting of the 2007-2008 housing bubble sent shockwaves through most of the major world economies. But property isn’t the only asset class that experiences economic bubbles; any asset valued at a price or a range that deviates sharply from its intrinsic value is said to be experiencing a bubble.
Growing a business sometimes requires thinking outside the box. People often fear that a robot will take their job. Unfortunately, that fear might not be so far-fetched.The idea of a robot revolution is becoming more and more realistic. On average, one robot can do the job of 5.6 persons in the manufacturing industry. However, artificial intelligence threatens more than just manufacturing. From IBM’s Watson, which can specify cancer treatments for patients, to the rise of self-driving cars, AI is infiltrating nearly every industry and diminishing the need for the human touch.Related: Automation Is Not Tomorrow — It’s TodaySo what does this mean for the future? According to research compiled by Online Schools Center, by 2025, the amount of robots in the U.S. could quadruple, and by 2033, nearly half of all jobs in the country could be at risk of automation. In order to accomodate a world where robots make up half the workforce, some professionals suggest a universal basic income with heavy corporate taxes be implemented along with the removal of employment-based income. Of course, that’s easier said than done, but imagine a technology-driven world where most things are free and luxuries such as driverless cars, AI personal assistants and smart home tech are common.Related: Advancing Automation Means Humans Need to Embrace Lifelong LearningAs scary as it all might sound, a robot revolution doesn’t necessarily have to be a bad thing. Like the industrial revolution of the 18th and 19th centuries, by having machines take over human labor and humans to contribute more cognitive labor, the AI revolution could have similar outcomes. People will have more time to pursue hobbies and passions, volunteer and learn about new technologies. That’s not so bad, right?To learn more, check out Online Schools Center’s infographic below. June 17, 2018 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global 2 min read Register Now »