February 26, 2018

Premier League: 10 talking points from the weekend’s action

Let’s call it the Denis Irwin rule, the dictum that when a player is described as underrated so often then it’s probably no longer valid to call him underrated. It’s starting to happen to Roberto Firmino, whose all-round excellence for Liverpool has been recognised much more in recent times. To get more soccer news, you can visit shine news official website.

The 26-year-old’s range of skills defy stereotypes. His Brazilian flair was evident in his ingenious flick for Mo Salah’s goal at St Mary’s, Liverpool’s second in a routine victory, and he has a resting heart-rate when all is manic in the opposition penalty area. Yet Firmino is also one of Liverpool’s best defenders and shows a rare appetite for donkey work. He also scores and makes all kinds of goals – including the first early on against Southampton – is two-footed and subtle in his passing and movements. Firmino might not be underrated but he is certainly unique.
What a strange player Jonjo Shelvey is. He lacks pace, of course, and at times self-control. And yet when the mood is with him he remains a supremely gifted footballer. It is not just his passing, impressive as it can be when he measures a deft seven iron over the top for Dwight Gayle. It is the sense of composure he, counter-intuitively, can offer. There were moments in the final 15 minutes or so at St James’ Park on Sunday when the game became frantic for Newcastle, when they could have allowed themselves to be overwhelmed. But every time the ball came to Shelvey it was as though the stadium breathed a sigh of relief. One floated chip to Kenedy, landed precisely between two defenders, was reminiscent of Phil Mickelson. There were even a couple of well-timed sliding blocks. Temperament and that lack of pace may stop him ascending the highest peaks but Shelvey remains an extremely useful player.
Arsène Wenger’s interpretation of Munch’s scream as Alexandre Lacazette dragged the chance of a last-minute equaliser wide spoke volumes. Then the camera panned in on the striker, who looked as if the weight of the world was on his shoulders. This is a difficult period for Arsenal’s last-but-one record-signing striker, usurped for a starting berth by Pierre‑Emerick Aubameyang. Wenger admits Lacazette is struggling for confidence. "Certainly – but he is a good goalscorer. He has gone through difficult periods before. He works hard in training, works on his finishing. It can happen. It is a fraction of a second. Maybe the confidence is not at its highest because he has seen a competitor coming in for him.” Lacazette’s form is a worry as he is the main choice for the Europa League, with Aubameyang suspended. Wenger said: "He scored goals in his whole career. He will score again.”Morgan Schneiderlin came on to a chorus of boos in the comfortable win against Crystal Palace. Sam Allardyce said he was surprised by the reception but was not exactly overflowing with sympathy for the £22m midfielder. "What it says is that for whatever reason they think he should be doing better,” said the Everton manager, who asked the club’s press officer "to have a deeper look into why that happened”. But on social media many Everton fans claimed the boos were for Allardyce’s decision to introduce a defensive midfielder for the injured Idrissa Gueye and not the new £27m striker Cenk Tosun at 3-0. "How could I?” the manager responded. "Putting Tom Davies alongside Wayne Rooney might have meant they made it 3-2 and that would be the last thing we wanted. We had two players off injured in the first half and then another which meant we had to put Morgan on. Had we not had that we would have put those players on, particularly when 3-0 up. But once we got two injuries that was impossible for me to even consider.”

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Liverpool's Loris Karius backs "great" Virgil van Dijk to help him turn their comedy defending seriously good

Loris Karius and Virgil van Dijk could be the key to turning Liverpool’s Keystone Kop defence from deadbeats to deadbolts.Find the more football news from SHINE.

German goalkeeper Karius made crucial saves in Sunday's 2-0 win at Southampton which sends Jurgen Klopp’s men to Portugal in good heart ahead of their Wednesday night Champions League last-16 date with Porto.

And £75million record signing Van Dijk was involved in only his third clean sheet this season – and his first for Liverpool – amid signs that Klopp has finally discovered the formula for keeping the back door locked for the highlights reels on Latch of the Day.Karius is winning the battle with Simon Mignolet to become Klopp’s first-choice keeper after starting six of the last seven games.

And Van Dijk’s blameless partnership with Joel Matip in central defence at St Mary’s, where the Saints fugitive was barracked on his return, was reassuring after the late chaos of the 2-2 draw with Tottenham, where Dejan Lovren was preferred as his sidekick.

Karius has quickly joined the appreciation of VVD’s quality at Anfield, saying: "He’s a great player. Of course he has to adapt, because our style is so different — we defend high — and he needs to get used to Joel and Dejan.But individually, Virgil is a top player. That’s why Liverpool paid the price they did for him. The more he gets used to our style, the more he’s finding his feet.

"It’s good to see and, as a keeper, you feel comfortable having players like that in front of you.

"I feel just as comfortable with Joel and Dejan. It’s good to know that even if you rotate, there’s always high quality.”

Karius followed his penalty save to thwart Spurs' England striker Harry Kane last weekend with an impressive display at Southampton, and the stats are now beginning to stack up in his favour.The man signed as a £4.7m bargain from German side Mainz in summer 2016 has kept seven clean sheets, and has only finished on the losing side once in 15 appearances this season.

He admitted: "In the last few games I’ve had more stuff to do and I’ve been able to make some saves which give you more confidence.

"I feel good, I feel strong and I always try to be there when the team needs me.

"We have some big games coming up against Porto, Manchester United and Chelsea, and we’ve shown this season we can beat the big teams. We need to maintain this momentum.

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Shanghai Police Find Root of Rumors That Sparked Home-Buying Frenzy

Shanghai police say they have found the root of rumors that sparked a home-buying frenzy in late August and led to instability in the city’s real-estate market.It began, police said, with a woman who said she had a tip that the city government was mulling changes to home-buying rules.Find the more shanghai news from SHINE.

According to a police statement, a 34-year-old Shanghai property-sales manager—identified only by her surname, Shen—said she had been notified in late August that city officials would meet the following week to possibly tighten bank-lending rules in September.Police say she spread the alleged tip to other employees at her company and clients through the WeChat messaging app, encouraging potential buyers to snap up property before the rules took effect. According to police, Ms. Shen said the coming credit restrictions would be "big.” Her messages were shared by other users, fueling social-media buzz.

In a statement Friday on the official Weibo microblogging account for the Shanghai Public Security Bureau, police detailed how they traced the rumors from Ms. Shen and six other people. Police detained all seven suspects, most of them real-estate agents, on Sept. 6, and said that the suspects later confessed in court to circulating the rumors. Shanghai officials also closed five WeChat accounts involved.

The rumors had wide consequences, even sending couples dashing to get divorced out of fear a loophole was closing that had allowed lower down payments for divorced people buying a home. Amid the rush, at least one divorce-registration office in Shanghai said it couldn’t handle any more paperwork and shut for the afternoon.

Chinese authorities have long sought ways to clamp down on rumors that ignite a rush to buy or sell homes. Swings in the housing market are an especially sensitive issue as the country’s largest cities–including Shanghai, Beijing and Shenzhen—try to curb frothy home prices without causing prices to crash. Shanghai home prices have soared 22.6% since last August, according to SouFun, China’s largest online real-estate portal.Last Saturday, the Ministry of Housing and Urban-Rural Development, a central government agency, said in an online statement that it supported Shanghai’s crackdown on the rumors, and that any future cases of real-estate agencies disrupting "market order” would be put to a stop.

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February 12, 2018

Russians penetrated U.S. voter systems, top U.S. official says

The U.S. official in charge of protecting American elections from hacking says the Russians successfully penetrated the voter registration rolls of several U.S. states prior to the 2016 presidential election.To get more world news, you can visit shine news official website.

In an exclusive interview with NBC News, Jeanette Manfra, the head of cybersecurity at the Department of Homeland Security, said she couldn’t talk about classified information publicly, but in 2016, «We saw a targeting of 21 states and an exceptionally small number of them were actually successfully penetrated.»

Jeh Johnson, who was DHS secretary during the Russian intrusions, said, «2016 was a wake-up call and now it’s incumbent upon states and the Feds to do something about it before our democracy is attacked again.» We were able to determine that the scanning and probing of voter registration databases was coming from the Russian government.»

NBC News reported in Sept. 2016 that more than 20 states had been targeted by the Russians.There is no evidence that any of the registration rolls were altered in any fashion, according to U.S. officials.In a new NBC News/SurveyMonkey poll, 79 percent of the respondents said they were somewhat or very concerned that the country’s voting system might be vulnerable to computer hackers.

In January 2017, just weeks before leaving his post, Johnson declared the nation’s electoral systems part of the nation’s federally protected «critical infrastructure,» a designation that applies to entities like the power grid that could be attacked. It made protecting the electoral systems an official duty of DHS. But Johnson told NBC News he is now worried that since the 2016 election a lot of states have done little to nothing «to actually harden their cybersecurity.»

Manfra said she didn’t agree with Johnson’s assessment. «I would say they have all taken it seriously.»NBC News reached out to the 21 states that were targeted. Five states, including Texas and California, said they were never attacked.Manfra said she stands by the list, but also called it a «snapshot in time with the visibility that the department had at that time.»

Following initial publication of this article, the National Association of Secretaries of State, which represents top electoral officials around the country, said it was "still only aware of one state voter registration system that was penetrated» during the 2016 election «and that office made a public statement at the time.»

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ideas lab in shanghai references vintage subversive technology by x+living

large pipes, spiral staircases and echoes of an industrial period accent the ideas lab, designed by shanghai-based x+living as a place to define the information age. riffing on icons of a time gone by in order to give face to a present one – that’s the idea behind the project which transforms a vintage factory and provides a space for new ideas, whilst helping to remember some old ones too.the studio was inspired in particular by the similarities between the information age of today and the steam age of the past, interested in both their subversive power and contribution to the development of world business.Find the more shanghai news from SHINE.

so x+living adjoined the two, using old factory prototypes as the basis for their design, mapping symbols of the previous era and re-using them within a modern framework. the space itself would eventually offer different retail spaces including eating and drinking, and offices for businesses.whilst inspired by factory settings, the architects cut off the complex parts of those studied, keeping only the ones that could correspond to a new purpose. this included large reaction tanks, energy delivery pipes and walking platforms, all spaces that could be newly defined as research areas, relaxation spaces or routes throughout the lab.
the overall look sees the factory restored using a minimalist approach, where clean and cool concrete depicts the concise and efficient character of the space. meanwhile, desaturated reds offer a dash of colour highlighting and drawing the eye to different areas throughout. using the different levels, x+living has divided the factory into commercial and educational uses, linked by their awareness of one another. whilst the ground space uses the reaction tanks to design new retail spaces, on the second floor, similar components have been restored to provide shared work platforms for research and development staff.
meanwhile energy delivery pipes have been used to conceal elements of the building’s inner-workings, for example air conditioning cables or utility pipelines. elsewhere these tubes define other spaces, such as a dining area which uses the pipeline as a kind of marking in the floor plan.

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Weight loss interventions that work: Medications

If changing your diet and exercise habits has failed to help you achieve the results you hoped for, weight loss medication can be an option.However, it is important to seek out a physician who is board-certified in obesity medicine who can help select the appropriate drug based on your medical history.

 Only a professional can responsibly help you manage the risks and benefits of different drugs, according to Sue Cummings, a registered dietitian who was clinical programs coordinator at the Massachusetts General Hospital Weight Center for the past 20 years.Weight loss medications are typically indicated for those with a body mass index (BMI) of 30 or higher, or a BMI of 27 or higher with health conditions such as high blood pressure or type 2 diabetes.

 A person who is 5 feet 8 inches tall and weighs 200 pounds has a BMI of 30.4; online tools can help you calculate your BMI. Though there are exceptions, "in general, that's where we start treating people," said Dr. Louis Aronne, director of the Comprehensive Weight Control Center at Weill Cornell Medicine and NewYork-Presbyterian. Drugs are typically prescribed along with diet and physical activity changes.Since there is a broad range of medications available, finding one that will work is almost always possible, according to Aronne, who co-authored the Endocrine Society's clinical practice guidelines for the pharmacological management of obesity.

Identifying the right match is key, as a drug may or may not be appropriate for someone depending on their health history. For example, if someone has uncontrolled high blood pressure, you wouldn't prescribe phentermine (a weight loss drug approved for short-term use), Aronne explained. In order for a weight loss drug to be approved for long-term use, it must have two years of data showing that it is safe and it works.In general, a medication can be considered effective for weight management if, after one year of treatment, at least 35% of those in the drug group (and about double the proportion of people of the placebo group) lose at least 5% of their weight.

Weight loss drugs approved for long-term use include orlistat (brand name Xenical), lorcaserin (Belviq) and liraglutide (Saxenda) as well as the combination drugs naltrexone-bupropion (Contrave) and phentermine-topiramate (Qsymia).In one recent study, these drugs helped overweight or obese people lose at least 5% of their body weight at the end of a year -- that's at least 10 pounds if you weigh 200 -- compared with a placebo. Qsymia and Saxenda were associated with the highest odds of achieving that amount of weight loss.Losing 5% to 10% of your body weight is associated with improved blood pressure, triglycerides and blood sugar, factors that lower the risk for heart disease and diabetes.

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February 08, 2018

The Most Influential People in Health and Fitness

If you’ve wanted to cook healthier meals, lose weight, or get some self-help advice, chances are you’ve looked to a brand or a person to help guide you on your journey. And there's a very strong chance that person is on our annual list of the most influential people in health issues and fitness. This year's list makes one thing clear: Body positivity is finally mainstream.

You’ll also notice plenty of household names, another indication that wellness is increasingly becoming part of our everyday lives. We compiled this list based on a strict set of criteria—check out our methodology at the bottom of this article. And while we may not agree with everyone’s approach, we can’t deny their impact on the way we think about health.Sears is a hard nut to crack. He’s an emotional healing coach who pokes fun at the more woo-woo side of wellness. He catapulted to internet fame in May with his spot-on satire in the viral video If Meat Eaters Acted Like Vegans. The three-minute clip has tons of memorable one-liners, including, "Broccoli, that’s what my food eats. That’s my food’s food, and I don’t appreciate you eating that.

”The actress and yoga guru is the creator of Yoga With Adriene, a YouTube channel (and lifestyle) loved by yoga newbies and experts alike. Mishler's channel has nearly 2 million followers, and it’s easy to see why: Her sequences are easy to follow and smooth, making them perfect for yogis of all levels. She kicked off 2017 with "Revolution,” 31 days of yoga videos that challenge her viewers to practice daily. We can’t wait to see what Mishler has planned for the rest of the year.A CrossFit legend and four-time winner of the "Fittest Man on Earth” title, Froning is the guy to see for training tips. His web series, What's Rich Doing?

, offers CrossFit plans at every level to those who want a workout just like Froning’s. Whether his huge Instagram following comes from fitness advice, baby pics, or the many shirtless shots is unclear; suffice it to say, we’re all interested.Fit Bottomed Girls publishes content for real women (and men!) interested in deprivation-free health. Cofounded by Walters and Erin Whitehead (though now operated by Walters and Seymour), Fit Bottomed Girls grew from a blog to a brand—with offshoots for food and moms, a book (The Fit Bottomed Girls Anti-Diet), and a sizable social community.Even in today’s world of Instagram empires, Gray’s stands out. Maybe it’s her unfailing positivity or her commitment to advocating for self-love over any diet or fitness regimen. Either way, 2016 was a killer year for her. Gray's business, Way of Gray, launched a Self-Love Challenge that asked thousands of women to take small, daily steps toward self-acceptance, and we were on board.

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Travel agency

A travel agents is a private retailer or public service that provides travel and tourism related services to the public on behalf of suppliers such as activities, airlines, car rentals, cruise lines, hotels, railways, travel insurance, and package tours. In addition to dealing with ordinary tourists, most travel agencies have a separate department devoted to making travel arrangements for business travelers; some travel agencies specialize in commercial and business travel only. There are also travel agencies that serve as general sales agents for foreign travel companies, allowing them to have offices in countries other than where their headquarters are located.
The modern travel agency first appeared in the second half of the 19th century with its root in 1758 as establishment of Cox & Kings Ltd.In the year 1970, Cox & Kings the longest established travel company centered its focus on its business of travel and tourism. Lately Thomas Cook also established a chain of agencies in the last quarter of the 19th century, in association with the Midland Railway. They not only sold their own tours to the public, but in addition, represented other tour companies. Other British pioneer travel agencies were Dean & Dawson,the Polytechnic Touring Association, and the Co-operative Wholesale Society. The oldest travel agency in the United States is Brownell Travel; on 4 July 1887, Walter T. Brownell led ten travelers on a European tour, setting sail from New York on the SS Devonia.

Travel agencies became more commonplace with the development of commercial aviation, starting in the 1920s. Originally, travel agencies largely catered to middle and upper class customers, but the post-war boom in mass-market package holidays resulted in the proliferation of travel agencies on the main streets of most British towns, catering to a working class clientele looking for a convenient way to book overseas beach holidays.A travel agency's main function is to act as an agent, selling travel products and services on behalf of a supplier. Consequently, unlike other retail businesses, they do not keep a stock in hand, unless they have pre-booked hotel rooms and/or cabins on a cruise ship for a group travel event such as a wedding, honeymoon, or a group event. A package holiday or a ticket is not purchased from a supplier unless a customer requests that purchase. The holiday or ticket is supplied to the agency at a discount. The profit is therefore the difference between the advertised price which the customer pays and the discounted price at which it is supplied to the agent. This is known as the commission. In many countries, all individuals or companies that sell tickets are required to be licensed as a travel agent.

In some countries, airlines have stopped giving commissions to travel agencies. Therefore, travel agencies are now forced to charge a percentage premium or a standard flat fee, per sale. However, some companies pay travel agencies a set percentage for selling their product. Major tour companies can afford to do this, because if they were to sell a thousand trips at a cheaper rate, they would still come out better than if they sold a hundred trips at a higher rate. This process benefits both parties.It is also cheaper to offer commissions to travel agents rather than engage in advertising and distribution campaigns without using agents.

A travel agents is a private retailer or public service that provides travel and tourism related services to the public on behalf of suppliers such as activities, airlines, car rentals, cruise lines, hotels, railways, travel insurance, and package tours. In addition to dealing with ordinary tourists, most travel agencies have a separate department devoted to making travel arrangements for business travelers; some travel agencies specialize in commercial and business travel only. There are also travel agencies that serve as general sales agents for foreign travel companies, allowing them to have offices in countries other than where their headquarters are located.
The modern travel agency first appeared in the second half of the 19th century with its root in 1758 as establishment of Cox & Kings Ltd.In the year 1970, Cox & Kings the longest established travel company centered its focus on its business of travel and tourism. Lately Thomas Cook also established a chain of agencies in the last quarter of the 19th century, in association with the Midland Railway. They not only sold their own tours to the public, but in addition, represented other tour companies. Other British pioneer travel agencies were Dean & Dawson,the Polytechnic Touring Association, and the Co-operative Wholesale Society. The oldest travel agency in the United States is Brownell Travel; on 4 July 1887, Walter T. Brownell led ten travelers on a European tour, setting sail from New York on the SS Devonia.

Travel agencies became more commonplace with the development of commercial aviation, starting in the 1920s. Originally, travel agencies largely catered to middle and upper class customers, but the post-war boom in mass-market package holidays resulted in the proliferation of travel agencies on the main streets of most British towns, catering to a working class clientele looking for a convenient way to book overseas beach holidays.A travel agency's main function is to act as an agent, selling travel products and services on behalf of a supplier. Consequently, unlike other retail businesses, they do not keep a stock in hand, unless they have pre-booked hotel rooms and/or cabins on a cruise ship for a group travel event such as a wedding, honeymoon, or a group event. A package holiday or a ticket is not purchased from a supplier unless a customer requests that purchase. The holiday or ticket is supplied to the agency at a discount. The profit is therefore the difference between the advertised price which the customer pays and the discounted price at which it is supplied to the agent. This is known as the commission. In many countries, all individuals or companies that sell tickets are required to be licensed as a travel agent.

In some countries, airlines have stopped giving commissions to travel agencies. Therefore, travel agencies are now forced to charge a percentage premium or a standard flat fee, per sale. However, some companies pay travel agencies a set percentage for selling their product. Major tour companies can afford to do this, because if they were to sell a thousand trips at a cheaper rate, they would still come out better than if they sold a hundred trips at a higher rate. This process benefits both parties.It is also cheaper to offer commissions to travel agents rather than engage in advertising and distribution campaigns without using agents.

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Living in Shanghai

Shanghai, the most exciting city to live in now, is capable to provide you a simulating yet revitalizing shanghai life here. This city wittily blends the mysterious oriental temples and alleys with the modern and glamorous skyscrapers together, adds the classy while historical colonial buildings as the final touch, and presents the charming, complex and sophisticated essence of China.

 Brand new fancy shopping malls will satisfy your need for first-hand high street fashion, fine cozy shops in the ex-French Concession display the one-of-a-kind items which you might have been longing for, your life in Shanghai will be granted and secured by millions of convenience stores and international supermarkets. Got a thing for antiques? Shanghai is also the place to search for the beautiful arty pieces to decorate your room and wardrobe. Shanghai is not just simply a Chinese city, but a melting pot which gathers visitors from all around the world. Countless restaurants, cafes, bars and clubs here might not be able to heal your homesickness, but, fancy a bite of tapas? The most authentic paella awaits; missing good cheese? Weekend farmers’ markets open; can’t live without Nasi Goreng?

Indonesian is the most in southeastern cuisine after Thai and Vietnamese; sticking to being a vegetarian? Shanghai has the most amazing vegetarian kitchen in both western and zen ways. Want to do as the Romans do? Little restaurants which provide a large variety of food from all over China, noodles, dumplings, barbecues only to name a few will keep your meal list full and your nightlife as an all-nighter fun.
 And don't worry about not being able to speak Mandarin, more and more Chinese are aware of the importance of grasping English as a second language to minimize barriers with the 250,000 foreigners living in Shanghai—you get English menu even without having to ask in restaurants, and even the cashier at supermarkets speak simple English. 16 lines of subways, fast trains and buses, safe and tidy neighborhoods, you shall be able to fully enjoy your stay and travel in Shanghai.

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February 06, 2018

Why California stinks for first-time home buyers

If you're a millennial living in California, buying homes doesn't come any harder. California ranked as the toughest state in the nation for first-time home buyers, who typically would be in the millennial age bracket of 18 to 34, according to a recent report by Claes Bell, an analyst with Bankrate.com. There are several reasons the Golden State placed last in the report, including the relatively high cost of housing, the tight market for available entry-level homes and the struggle that millennials face in saving for a down payment. In Southern California, the median home price for new and resale homes hit $460,000 in February, up 7% from a year earlier and the latest gain in nearly five years of steady price increases, real estate firm CoreLogic reported recently.

We asked Bell to walk us through the reasons that California is the nation's hardest state for buying that first house and how — despite the hurdles — it's still possible for millennials to get into the market. Here's an edited excerpt: California consumes one of the highest percentages of people's income for housing. Folks in that typical first-time home buyer age range, anywhere from the mid-20s to early 40s, are going to have a difficult time in many cases finding room in their budget for a California-sized mortgage payment. Not only do homes cost so much but they cost so much relative to people's incomes. In California, people are going to be earning more than the average state, but because the houses are just that much more expensive, affordability becomes a real problem. Home builders are not keeping up with demand for homes in California. There just aren't enough homes being built relative to the growing number of households in California. I looked at the growth of the housing stock and the growth in the number of households from 2010 to 2015.

You would want that growth spread to be getting wider, because that would show an increase in housing relative to the number of people there. Unfortunately, it's going the wrong way in California. The spread basically is negative there. I've seen a lot of research in recent years that the starter home that was kind of mainstay of the home-building market has sort of fallen out of favor and they're just building more homes at the top of the market for folks rolling over their equity from another home. They're kind of leaving that bottom of the market unsupplied. It's a huge issue, and it's going to be more of an issue as more millennials grow into this prime first-time home buyer range and it's going to have all kinds of problems down the line.

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Gold edges down on rate hike views after strong U.S. jobs data

Gold prices inched down on Monday after robust U.S. jobs data late last week potentially increased the chances of more U.S. interest rate hikes this year.Spot gold had dipped 0.2 percent to $1,330.60 per ounce by 0257 GMT.To get more market news, you can visit shine news official website.

Spot gold on Friday declined 1.2 percent, its biggest one-day fall since Dec. 7. Last week, the metal saw its largest weekly decline since the week-ending Dec. 8.Non-farm payrolls rose by 200,000 jobs in January, the U.S. Labor Department said, beating expectations of 180,000 and their largest annual gain in more than 8-1/2 years. Average hourly earnings rose and boosted the year-on-year increase to 2.9 percent, the largest rise since June 2009.

"We have a bearish outlook for gold ... and yield-chasing behaviour and a rosy economic outlook should pressure the yellow metal lower," said OCBC analyst Barnabas Gan.

"The higher interest rate environment will actually fuel further risk-taking and is not good for gold."Futures markets reacted on Friday after the jobs data by pricing in the risk of three, or even more, rate rises from the U.S. Federal Reserve this year.

The Fed last week held interest rates unchanged, but raised its inflation outlook and flagged "further gradual" rate increases.Higher interest rates make gold less attractive to investors because it does not pay interest.

Asian share markets stumbled on Monday as fears of resurgent inflation battered bonds, toppled Wall Street from record highs and sparked speculation central banks globally might be forced to tighten more aggressively."The fall in stocks has just started and it could just be a short-term correction before running higher. We should not read too much in to the fall in stocks and relate it to gold," Gan said.

Meanwhile, hedge funds and money managers raised their net long position in COMEX gold contracts in the week to Jan. 30 to their highest level since late-September, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.

Spot silver climbed 0.6 percent to $16.69. Earlier, it touched $16.54, matching more than one-month lows hit on Friday.

Silver fell 3.7 percent on Friday to its worst one-day decline since Dec. 15, 2016. It also saw its worst week since week-ending July 7, falling 4.6 percent last week.

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The global economy in 2018, according to a Nobel laureate

Economists like me are asked a set of recurring questions that might inform the choices of firms, individuals, and institutions in areas like investment, education, and jobs, as well as their policy expectations. In most cases, there is no definitive answer. But, with sufficient information, one can discern trends, in terms of global economy, markets, and technology, and make reasonable guesses.

In the developed world, 2017 will likely be recalled as a period of stark contrast, with many economies experiencing growth acceleration, alongside political fragmentation, polarization, and tension, both domestically and internationally. In the long run, it is unlikely that economic performance will be immune to centrifugal political and social forces. Yet, so far, markets and economies have shrugged off political disorder, and the risk of a substantial short-term setback seems relatively small.

The one exception is the United Kingdom, which now faces a messy and divisive Brexit process. Elsewhere in Europe, Germany’s severely weakened chancellor, Angela Merkel, is struggling to forge a coalition government. None of this is good for the UK or the rest of Europe, which desperately needs France and Germany to work together to reform the European Union.

One potential shock that has received much attention relates to monetary tightening. In view of improving economic performance in the developed world, a gradual reversal of aggressively accommodative monetary policy does not appear likely to be a major drag or shock to asset values. Perhaps the long-awaited upward convergence of economic fundamentals to validate market valuations is within reach.

In Asia, Chinese President Xi Jinping is in a stronger position than ever, suggesting that effective management of imbalances and more consumption- and innovation-driven growth can be expected. India also appears set to sustain its growth and reform momentum. As these economies grow, so will others throughout the region and beyond.

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