Symbolic 'Doomsday Clock' moves closer to midnight

executive@coastaldigest.com (Agencies)
January 27, 2017

Washington, Jan 27: Comments by US President Donald Trump on nuclear weapons and climate change have helped make the world less safe, the Bulletin of the Atomic Scientists warned on Thursday, moving its symbolic "Doomsday Clock" 30 seconds closer to midnight.

doomsdayThe clock which serves as a metaphor for how close humanity is to destroying the planet was last changed in 2015, from five to three minutes before midnight.

It is now set at two and a half minutes to midnight, amid concerns about "a rise in strident nationalism worldwide, President Donald Trump's comments on nuclear arms and climate issues, a darkening global security landscape that is colored by increasingly sophisticated technology, and a growing disregard for scientific expertise," said a statement by the group of scientists and intellectuals, including 15 Nobel laureates.

Trump has made contradictory statements about climate change, at times calling it a hoax and other times saying he would keep an open mind about it.

On the nuclear issue, Trump said in December that the US must build up its nuclear arsenal+ .

Responding to a statement by Russian President Vladimir Putin that Moscow needs to strengthen its own nuclear force, Trump responded with a tweet: "The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes."

"The Doomsday Clock is closer to midnight than it has ever been in the lifetime of almost everyone in this room," Lawrence Krauss, chair of the Bulletin's board of sponsors, told reporters at the National Press Club in Washington.

"The last time it was closer was 63 years ago in 1953 after the then Soviet Union exploded its first hydrogen bomb, creating the modern arms race," he added.

"More than that, this is the first time that the words and stated policies of one or two people placed in high positions have so impacted on our perception of the existential threats we believe the world faces," he said, alluding to Trump and Putin.

Krauss cited intelligence reports that accuse Russia of interfering with the US presidential campaign to favor Trump's victory as symbolic of the "deeper global threat" posed by cybertechnology.

"The question of whether the fabric of democracy may be imperiled by reducing faith in both the integrity of election and the very information on which an informed public can base their voting becomes suspect," said Krauss, a theoretical physicist at Arizona State University.

He also said the bulletin "is extremely concerned about the willingness of governments — including the current US administration — to ignore or discount some science or evidence during their decision-making process."

Last year, the warmest year in modern times due to human-driven climate change, world leaders "actually increased the threat of nuclear war and unchecked climate change through a variety of provocative statements and actions including careless rhetoric about the use of nuclear weapons," said Krauss.

An amid escalating rhetoric on the nuclear front, he called on Russia and the United States, which possess the large majority of the world's nuclear weapons, to focus in the coming year on reducing their arsenals.

"President Trump and President Putin, who claim great respect for each other, can choose to act together as statesmen or act as petulant children risking our future," he said.

"Regardless, these issues are too important to be left in the hands of a few men. We therefore call upon all people to speak out and send a loud message to your leaders that you will not allow them to needlessly threaten your future and the future of your children."

In an opinion piece published in the New York Times, Krauss and another bulletin scientist, David Titley, wrote that Trump was a key factor in their decision.

"Never before has the Bulletin decided to advance the clock largely because of the statements of a single person," they wrote.

"But when that person is the new president of the United States, his words matter."

The Doomsday Clock was created in 1947. It has changed 19 times since then, ranging from two minutes to midnight in 1953 to 17 minutes before midnight in 1991.

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Agencies
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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Agencies
May 17,2020

As millions of people get hooked to online dating platforms, their proliferation has led to online romance scams becoming a modern form of fraud that have spread in several societies along with the development of social media like Facebook Dating, warn researchers.

For example, extra-marital dating app Gleeden has crossed 10 lakh users in India in COVID-19 times while dating apps like Tinder and Bumble have gained immense popularity.

According to researchers from University of Siena and Scotte University Hospital led by Dr Andrea Pozza, via a fictitious Internet profile, the scammer develops a romantic relationship with the victim for 6-8 months, building a deep emotional bond to extort economic resources in a manipulative dynamic.

"There are two notable features: on the one hand, the double trauma of losing money and a relationship, on the other, the victim's shame upon discovery of the scam, an aspect that might lead to underestimation of the number of cases," the authors wrote in a paper published in the journal Clinical Practice & Epidemiology in Mental Health.

Around 1,400 dating sites/chats have been created over the last decade in North America alone. In the UK, 23 per cent of Internet users have met someone online with whom they had a romantic relationship for a certain period and even 6 per cent of married couples met through the web.

"The online dating industry has given rise to new forms of pathologies and crime, said the authors.

The results showed that 63 per cent of social media users and 3 per cent of the general population reported having been a victim at least once.

Women, middle-aged people, and individuals with higher tendencies to anxiety, romantic idealization of affective relations, impulsiveness and susceptibility to relational addiction are at higher risk of being victims of the scam.

Online romance scams are, in other words, relationships constructed through websites for the purpose of deceiving unsuspecting victims in order to extort money from them.

The scammer always acts empathetically and attempts to create the impression in the victim that the two are perfectly synced in their shared view of life.

"The declarations of the scammer become increasingly affectionate and according to some authors, a declaration of love is made within two weeks from initial contact," the study elaborated.

After this hookup phase, the scammer starts talking about the possibility of actually meeting up, which will be postponed several times due to apparently urgent problems or desperate situations such as accidents, deaths, surgeries or sudden hospitalizations for which the unwitting victim will be manipulated into sending money to cover the momentary emergency.

Using the strategy of "testing-the-water", the scammer asks the victim for small gifts, usually to ensure the continuance of the relationship, such as a webcam, which, if successful, leads to increasingly expensive gifts up to large sums of money.

When the money arrives from the victim, the scammer proposes a new encounter.

The request for money can also be made to cover the travel costs involved in the illusory meeting. In this phase, the victim may start having second thoughts or showing doubt about the intentions of the partner and gradually decide to break off the relationship.

"In other cases, the fraudulent relationship continues or even reinforces itself as the victim, under the influence of ambivalent emotions of ardor and fear of abandonment and deception, denies or rationalizes doubts to manage their feelings," said the study.

In some cases, the scammer may ask the victim to send intimate body photos that will be used as a sort of implicit blackmail to further bind the victim to the scammer.

Once the scam is discovered, the emotional reaction of the victim may go through various phases: feelings of shock, anger or shame, the perception of having been emotionally violated (a kind of emotional rape), loss of trust in people, a sensation of disgust towards oneself or the perpetrator of the crime and a feeling of mourning.

"Understanding the psychological characteristics of victims and scammers will allow at-risk personality profiles to be identified and prevention strategies to be developed," the authors suggested.

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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