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Spot gold prices were firm at $1,216 per ounce by 6.40am. Bullion hit an eight-week high of $1,218.64 in the previous session
Bengaluru: Gold prices on Wednesday held near eight-week highs hit in the previous session on uncertainty over US president-elect Donald Trump’s economic plans, after the dollar slid on his comments that the strong greenback was “killing us”.
Spot gold was firm at $1,216 per ounce by 6.40am. Bullion hit an eight-week high of $1,218.64 in the previous session. US gold futures were up 0.3% at $1,216.10 per ounce.
Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a course for a clean break with the world’s largest trading bloc.
In an article in the Wall Street Journal, Trump said the strength of the US dollar against China’s yuan “is killing us”.
San Francisco Federal Reserve Bank president John Williams on Tuesday called for gradual US interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession.
US Federal Reserve chairwoman Janet Yellen will have an opportunity to lay out her thinking with speeches on monetary policy on both Wednesday and Thursday this week.
Fed governor Lael Brainard, a leading Federal Reserve proponent of low-interest rates, said on Tuesday the US central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost.
The United Nations expects global economic growth to rise to 2.7% this year and 2.9% in 2018, and said Brexit and US President-elect Donald Trump’s tax policies could have adverse effects.
Canadian gold miner Goldcorp Inc detailed an ambitious growth plan on Tuesday that includes increasing production and yet-to-be-mined reserves by 20% over the next five years from existing operations and deposits, lifting its shares.
Striking workers at Yamana Gold Inc’s El Peñón mine in Chile have reached a wage agreement with the Canadian miner, allowing the mine to reopen on Wednesday, a union leader said on Tuesday.
Ghana’s gold output fell 7% in the first nine months of 2016 to 1.9 million ounces compared with the same period the previous year, data from the Ghana Chamber of Mines showed on Tuesday.
India’s rough diamond imports fell 4.7% in December from a year ago to $1.398 billion, a trade body said on Tuesday, as the scrapping of high value currency notes forced many small polishing units to idle their units.
Democrats attacked Betsy DeVos, President-elect Donald Trump’s education nominee, calling her unfit for the job during a contentious confirmation hearing Tuesday evening, while Republicans defended her as a bold reformer who would disrupt the status quo in U.S. education.
DeVos told skeptical senators that she looked forward to working with them to improve the nation’s schools. But she sidestepped several issues important to Democrats and their allies, declining to take a position on whether guns belong in schools or to commit to upholding the Obama administration’s aggressive approach to handling sexual assault on college campuses, and she called Sen. Bernie Sanders’s (D-Vt.) ideas about free college “interesting.”
A Michigan billionaire, DeVos has lobbied for decades to expand charter schools and taxpayer-funded vouchers for private and religious schools, but she has no professional experience in public schools, never attended public schools nor sent her own children to public schools. She also has not held public office.
DeVos’s inexperience in the realm of public education appeared at times to be a liability. During rapid-fire questioning by Sen. Tim Kaine (D-Va.), she seemed to demonstrate a lack of understanding of one of education’s major federal civil rights laws, which requires states that take federal funding to provide children with disabilities the services they need to benefit from a public education.
DeVos said states should decide whether schools should be required to meet those special-education requirements.
“So some states might be good to kids with disabilities, and other states might not be so good, and then what, people can just move around the country if they don’t like how their kids are being treated?” Kaine said.
When Sen. Maggie Hassan (D-N.H.) — who has a son with a disability — challenged DeVos to explain whether she understood that the law was a federal civil rights law, DeVos said she “may have confused it.”
DeVos also declined to say whether she believes that all schools receiving taxpayer funding — public, public charter, or private — should be held accountable to the same performance standards. She also declined to say whether such schools should be required to report suspensions and expulsions, and incidents of bullying and harassment, to the federal government.
Joe Lieberman, the Democratic nominee for vice president in 2000, introduced DeVos Tuesday and vouched for her leadership, arguing that her status as an outsider is an asset.
“She doesn’t come from within the education establishment. But honestly, I believe that today that’s one of the most important qualifications you could have for this job,” the former senator from Connecticut said. “We need a change agent.”
DeVos is an unusually polarizing nominee for education secretary; most of her recent predecessors have sailed through the confirmation process, winning Senate approval on voice votes. The strong feelings about DeVos were evident in the line of more than 100 people waiting to enter the Capitol Hill hearing room Tuesday evening, including supportive students in plaid uniforms and bright yellow scarves embroidered with “National School Choice Week,” and a large contingent of parents and teens from Detroit who came by bus to oppose Devos’s nomination.
Tim Kaine to Betsy DeVos: ‘Do you not want to answer my question?’
Play Video5:46
Watch the full exchange between Sen. Tim Kaine (D-Va.) and Betsy DeVos, President-elect Donald Trump’s nominee for education secretary, at her confirmation hearing. (Reuters)
GOP senators cheered DeVos’s nomination, saying they hope she will champion alternatives to the nation’s public schools and scale back the federal footprint in K-12 education.
“Betsy DeVos, in my opinion, is on our children’s side,” Sen. Lamar Alexander (R-Tenn.), chairman of the Health, Education, Labor and Pensions (HELP) Committee, said in his opening remarks Tuesday. “She’s devoted her life to helping mainly low-income children have access to better schools.”
Alexander dismissed DeVos’s critics as out of step with public opinion, arguing Democrats, including President Obama, have embraced charter schools, and that vouchers are patterned on “the most successful social policy this Congress has ever enacted — the GI Bill,” which provides tuition assistance for veterans to attend the college of their choice.
“Why is such a great idea for colleges deemed to be such a dangerous idea for K-12 schools?” Alexander said.
He restricted senators to one five-minute round of questions, saying he was adhering to committee precedent and the “golden rule,” treating Trump’s pick as the committee treated Obama’s nominees. Democrats were dismayed, arguing that the committee has never before cut off questions, and that they needed more time to examine DeVos’s record.
“I think we’re selling our kids short by not being able to ask follow up questions,” said Sen. Al Franken (D-Minn.). Franken had asked DeVos for her views on the debate — common in education circles — about whether standardized tests should measure the progress students make during a year, or their grade-level proficiency. He was unimpressed with what he said was her lack of familiarity with that debate.
“I’m surprised you don’t know this issue,” Franken said.
Teachers unions and civil rights groups have argued that DeVos’s support for a free-market approach to education has undermined public schools, which they see as a critical civic institution. DeVos’s opponents also point to the fact that she has no record on higher education or protecting children’s civil rights, two areas critical to the work of the department she aims to lead.
Asked about her relatives’ contributions to anti-LGBT groups, DeVos said she believes in equality: “I believe in the innate value of every single human being and that all students, no matter their age, should be able to attend a school and feel safe and be free of discrimination,” she said.
But she declined, under questioning from Sen. Patty Murray (Wash.), the ranking Democrat, to say whether she plans to rein in the Office for Civil Rights, which investigates allegations of discrimination in schools.
Sen. Elizabeth Warren (D-Mass.) asked questions about DeVos’s qualifications to run the trillion-dollar federal student loan program, with DeVos acknowledging that she has no experience running or managing anything near the size and complexity of the program. DeVos also acknowledged that she had never taken out a federal student loan for herself or her children.
DeVos declined to take a stand on whether guns belong in schools, saying that decision should be left to local and state officials. She pointed to a rural Wyoming school that is surrounded by a fence to keep bears out: “I would imagine there’s probably a gun in the school to protect from potential grizzlies.”
Asked by gun control advocate Sen. Chris Murphy (D-Conn.) — whose constituents include parents who lost children in the mass shooting at Newtown’s Sandy Hook Elementary in 2012 — whether she would support Trump if he moves forward with his proposal to ban gun-free school zones, she said she would “support what the president-elect does.”
The hearing went forward Tuesday evening over the objections of Democrats, who are concerned that the Office of Government Ethics, which is responsible for vetting presidential nominees for potential conflicts of interest, has not finished its review of DeVos’s vast wealth and financial investments.
Alexander has said that the committee won’t vote until the ethics office’s work is complete. DeVos promised to resolve any conflicts of interest the office identifies. “I will not be conflicted, period,” she said. “I commit that to you all.”
She said that if confirmed, she will be a “strong advocate for great public schools.” But when public schools are “troubled, or unsafe, or not a good fit for a child,” she said, parents should have a “right to enroll their child in a high-quality alternative.”
“I share President-elect Trump’s view that it’s time to shift the debate from what the system thinks is best for kids to what moms and dads want, expect and deserve,” she said.
On the campaign trail, Trump proposed a new $20 billion grant program to encourage states to expand such efforts, but he offered few details about how that might work, and there is a tension between the incoming administration’s interest in expanding vouchers and charter schools and conservatives’ interest in leaving decisions about education to states and school districts.
DeVos said Tuesday that she would not coerce states to expand vouchers or charters. But in an exchange with Murray, she also refused to say that she would not work to privatize schools.
Sen. Tim Scott (R-S.C.), an advocate for vouchers and charters, called DeVos a champion for low-income children who don’t have access to great schools.
“Mrs. DeVos is not opposed to accountability,” he said, rejecting one of the Democrats’ charges against her. “What she is opposed to is leaving children trapped in schools that we know are failing, failing the very students that will have no hope if they do not receive a high-quality education.”
DAY three of the Australian Open looms as the day of the mismatch. There’s a host of big names aiming for a quick progression to the third round — and on paper there should be few problems.
World number one Andy Murray (who faces world No. 156 Andrey Rublev), Roger Federer (world No. 197 Noah Rubin), Bernard Tomic (world No. 103 Victor Estrella Burgos), Nick Kyrgios (world No. 85 Andreas Seppi) and Kei Nishikori (world No. 71 Jeremy Chardy) were all expected to make short work of their opponents.
So the interest may lie in the hopes of local darlings Ashleigh Barty (who plays Shelby Rogers) and Alex De Minaur (Sam Querrey) pulling off upsets against their much higher-ranked American opponents.
SCHEDULE
Rod Laver Arena
(13) Venus Williams (USA) defeated Stefanie Voegele (SUI) 6-3 6-2
Submarines, we know very little about it, but are an important part of the defense systems of several countries, guarding waters from the depths and being undetected, with nuclear armaments ready to act in the less expected moment from the deepest ocean.
Discover a save home and the proud fate of the
sailors!
Here we have the list of the top 10 Most Powerful
Submarines in The World.
1.Virginia Class,
United States
the first position of this top 10 is to Virginia class
from united states of America. This submarine has technologies as Infrared
laser rangefinder, integrated matrix of electronic support measures,
high-resolution cameras, infrared sensors and light intensification.
Actually around seven unities of the Virginia class
are active in the United States navy.
Its speed is about 25 knots and the infinite range
with the resistance level. The designers endowed it with four tubes of bow for
the torpedoes Mk48 and one hundred nine Tomahawk to be able to resist and to
fight against enemies in the sea.
2.Akula II Class,
Russia
It was the first submarine that really got worried
Americans because of its anti-noise system, which means that its acoustics are almost on par with the submarines
produced by the West.
The submarine has a maximum speed of 12 knots as it
emerges, but can accelerate up to 33 knots when submerged. The resistance lasts
up to 100 days, while the range is effectively unlimited. It can carry four
torpedo tubes for up to 40 torpedoes or missiles. It can also deploy 42 mines
instead of missiles. The Soviet Union built 15 units of the Akula II Class, but
only nine remain on active duty in the Russian Navy.
3.Seawolf Class, United States
This is an advanced version of the Los Angeles class,
although its high cost of manufacturing meant that only three units could be
built. The maximum speed is 18 knots as it emerges and 35 knots when it is
submerged. It has an unlimited range and can carry up to eight torpedo tubes
for 50 torpedoes or cruise missiles. Alternatively, the ship can also carry up
to 100 mines instead of missiles or torpedoes.
4.Astute Class, United Kingdom
It is said that its operation is even more
complicated than of a space shuttle. It carries a modern pressurized water
reactor and can carry up to 38 torpedoes. Only one is currently active,
although about six more are being planned. The maximum speed is 29 knots, with
a resistance level of 90 days and an unlimited range. It also has Tomahawk
cruise missiles in its arsenal as well as anti-ship Harpoon missiles. Mines can
be deployed instead of torpedoes. This is the largest and most powerful nuclear
attack submarine of the Royal Navy.
5.Type 093 Shang Class, China
Only three units are currently active, although the
Chinese Navy is planning about five more to deploy. It can climb up to a speed
of 35 knots. The vessel has a duration of 80 days and an unlimited range. It is
armed with the YJ-82 anti-ship missile and six torpedo tubes.
6.Trafalgar Class, United Kingdom
There are still six active units out of the seven
originally built. The speed is 30 knots, while the resistance can go up to 90
days, along with an unlimited range. It carries five torpedo tubes, Tomahawk
cruise missiles, Spearfish torpedoes and anti-surface Harpoon missiles. It also
has the Sonar 2076. The submarine was the pride of the Royal Navy before the
advent of the more advanced cunning class.
7.Sierra Class, Russia
Only four units were built by the former Soviet Union,
only two are on active duty. The ship can go up to 10 knots when it emerges and
to more than 32 knots when it is submerged. It has a resistance of more than
200 days with unlimited reach. It carries Starfish or Stallion anti-submarine
missiles, Samson cruise missiles, four torpedo tubes or 42 mines. It is known
to be one of the few who has a titanium helmet, allowing it to dive deeper and
withstand torpedo attacks.
8.Victor III Class, Russia
There were 48 Victor III class submarines built by the
old Soviet Union, although only four remain in active service with the Russian
Navy. Its speed is 32 knots and has a resistance level of 80 days. It only
needs to be replenished after more than 30 years. It carries two Starfish
antisubmarine missiles, two Sampson cruiser missiles or two Stallion missiles,
six bow tubes and 18 torpedoes. It can also carry 36 landmines instead of
torpedoes. These were originally built to protect Soviet surface ships and to
attack enemy submarines.
9.Rubis Class, France
It is armed with four anti-submarine tubes and 14
Exocet missiles. It also has the ability to set mines. The ship was introduced
in 1979 and is part of the first generation of submarine nuclear attack in the
country. Only six units of the Rubis-class submarine have been built. It can go
at a speed of more than 25 knots and has a refueling range of over 20 years.
10.Los Angeles Class, United States
Below the water, it can move more than 33 knots and in
the surface of the water the maximum speed of the submarine is of about 20
knots. It has about forty-four active units out of the 62 currently in the
world. The submarine is used in the spy department of the United States Navy to
catch and hit the opposition submarines efficiently.
Without a doubt, a surprising top.
Do you know any other powerful submarine in the world
that you want to add to the list?
