Indian writer wins USD 100,000 global book prize

Agencies
May 30, 2019

Mumbai, May 30: Indian writer Annie Zaidi was on Wednesday announced as the 2019 winner of the USD 100,000 Nine Dots Prize, a prestigious book prize created to award innovative thinking that addresses contemporary issues around the world.

Mumbai-based Zaidi, a freelance writer whose work includes reportage, essays, short stories, poetry and plays, won for her entry ‘Bread, Cement, Cactus' – combining memoir and reportage to explore concepts of home and belonging rooted in her experience of contemporary life in India.

“What really appealed to me about the Nine Dots Prize was the way it encourages entrants to think without borders or restraints. My work has often crossed over genres, traversing between memoir and journalism, and this timely but wide-open question encouraged us to approach it with methods that were equally far-ranging,” said the 40-year-old winner.

Now in its second cycle, the prize challenged entrants to answer the question ‘Is there still no place like home?' in a 3,000-word essay. The winner of the Nine Dots Prize is supported to develop their response into a full-length book, which is published by Cambridge University Press (CUP), and given the opportunity to spend a term at the Centre for Research in the Arts, Social Sciences and Humanities (CRASSH), Cambridge University.

“I had been working towards a similarly themed project for a while but didn't have the financial, or even mental, bandwidth to do it justice. The Prize will allow me to dedicate time to the examination of this question, which is of critical importance in the modern world – and it will help fund the necessary research trips, which, as a freelancer, is something I appreciate hugely,” said Zaidi, who works on fiction, scripts and columns for magazines and newspapers.

She has published both fiction and non-fiction, including a collection of essays ‘Known Turf: Bantering with Bandits and Other True Tales', which was shortlisted for the Crossword Book Award in 2010, and ‘Love Stories # 1 to 14' – a collection of short fiction published in 2012.

Her new proposed book, based on her Nine Dots Prize winning essay ‘Bread, Cement, Cactus', will be published by CUP in May 2020 and will answer the central question through examining how a citizen's sense of “home” might collapse, or be recovered. The varied themes it will address include the politics and economics of death in India, the crossing of caste and religious lines in marriage, and the Partition of India as a great cultural and emotional sundering.

“In Annie Zaidi we have found a powerful and compelling voice with a unique insight into what home means for citizens of the world today. We are very excited to see how Annie's work will develop over the coming year and hope that it will help further current conversations around the concept of belonging worldwide,” said Professor Simon Goldhill, Professor in Greek Literature and Culture and Fellow of King's College, Cambridge University, and Chair of the Nine Dots Prize Board.

“The anonymous judging process is crucial to the Nine Dots Prize's mission to discover new ways of tackling contemporary issues, whether they come from established thinkers or new voices. The fact that our second winner is so different from our first is testament to the success of this method,” he said.

The inaugural Nine Dots Prize posed the question “Are digital technologies making politics impossible?” and was won by former Google employee turned Oxford philosopher James Williams. The resulting book, ‘Stand Out of Our Light: Freedom and Resistance in the Attention Economy', was published in May 2018 to critical acclaim.

The Nine Dots Prize is judged anonymously and funded by the Kadas Prize Foundation, a UK-registered charity established to fund research into significant but neglected questions relevant to today's world. The Prize name name references a lateral thinking puzzle that can only be solved by drawing outside of a box of nine dots arranged in three rows of three.

The foundation was established by Peter Kadas, who has worked around the world for a number of leading institutions. Originally from Hungary, he holds Canadian and British citizenship and currently lives in Barcelona, Spain.

Besides Kadas and Prof Goldhill, the Nine Dots Prize Board is comprised of 9 other internationally recognised and distinguished academics, authors, journalists and thinkers.

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Agencies
March 8,2020

Consumer watchdog Which? has claimed that more than one billion Android phones and tablets are vulnerable to hackers as they no longer supported by security updates.

According to the research report, the most at-risk phones are any that run Android 4 or older and those smartphones running Android 7.0 which can not be updated are also at risk.

Based on data from Google analysed by Which?, two in five android device users around the world are no longer receiving the important updates. Currently, those devices are unlikely to have issues, but the lack of security leaves them open to attack.

"It is very concerning that expensive Android devices have such a short shelf life before they lose security support, leaving millions of users at risk of serious consequences if they fall victim to hackers," Kate Bevan editor Which? said in a statement.

"Google and phone manufacturers need to be upfront about security updates with clear information about how long they will last and what customers should do when they run out. The government must also push ahead with planned legislation to ensure manufacturers are far more transparent about security updates for smart devices and their impact on consumers," Kate added.

Android phone released around 2012 or earlier, including popular models like the Samsung Galaxy S3 and Sony Xperia S, are particularly at risk to hackers.

Which? has made suggestions to Android users on what to consider if they have an older phone that may be at risk.

Any Android device which is more than two years old, check whether it can be updated to a newer version of the operating system. If it is on an earlier version than Android 7.0 Nougat, try to update via Settings> System>Advanced System update.

In case a user is not able tto update the phone, the device could be at risk of being hacked if it is running a version of Android 4 or lower.

A user also need to be careful about downloading apps outside the Google Play store and should also install a mobile anti-virus via an app.

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Agencies
June 13,2020

The Brazilian government said that the Amazon rainforest witnessed deforestation of a record 829 sq km in May, the highest monthly level since 2015.

On Friday, the National Institute for Space Research (INPE) said that deforestation in the Amazon increased by 91 sq km compared to the same period last year, reports Xinhua news agency.

Between January and April, destruction of the forest by illegal loggers and ranchers rose 55 per cent, or a total of 1,202 sq km was wiped out, it said.

The Real-time Deforestation Detection system, a federal project created to monitor human activity in the Amazon, alerted authorities to the increase in the rate of destruction of the rainforest.

A recent study by the Amazon Environmental Research Institute (IPAM) warned that deforestation in 2020 could reach 11,900 sq km if the pace of May, June, and July follows the historical average.

Deforestation in the region has soared since President Jair Bolsonaro took office last year, according to conservation groups.

He has argued that more farming and mining in protected areas of the forest were the only way to lift the region out of poverty.

Bolsonaro's environmental policies have been widely condemned but he has rejected the criticism, saying Brazil remains an example for conservation.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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