As he came out of his house after hearing the noise, he saw a pile of mud cover his neighbour’s house. Then he heard his neighbours’ cries for help. Being over 80 years old, U Khin Maung was unable to aid in the rescue but sent his sons for help. “I felt very sad. No more happiness for me,” U Khin Maung said. Disastrous days for Mon State started on August 9 after the heavy rain in the first week and a half of August. Many areas in Thaton, Mawlamyine, Kyaikmaraw, Thanbyuzayat and Ye townships were flooded on that morning. The landside at Malat mountain in Thae Phyu Kone village happened at about 8am, claiming many lives and shocking the whole country. Locals in Mon had never before heard of such a chain of disasters – the Mawlamyine flood, land subsidence on Maggin street, the drifting away of a whole house in Thanbyuzayat, road destruction near the border with Tanintharyi Region, and small landslides in many townships. “This was the worst … [Read more...] about Dark days for Mon after chain of disasters
Forecast 10 day
Will Trump murder the 10-year bull market? Since Trump’s May 5 tweet, markets were buffeted by sharp downturns and spikes in volatility. Hope turned to despair as negotiations with China broke down, prompting Trump to implement sweeping tariffs. Many feared that Trump’s latest actions may put the bull market’s longevity to the test. Unfortunately, it turned out that Trump was just getting started. “TARIFF is a beautiful word indeed” – Trump To justify his penchant for using tariffs as his primary tool to deter bad behavior of other countries, Trump tweeted the following on June 1, 2019: “When you are the “Piggy Bank” Nation that foreign countries have been robbing and deceiving for years, the word TARIFF is a beautiful word indeed! Others must treat the United States fairly and with respect – We are no longer the “fools” of the past!” Trump imposes tariffs on Mexico over illegal … [Read more...] about Will Trump murder the 10-year bull market?
NEW YORK (AFP) - Wall Street stocks rose for a second straight session on Wednesday, (June 5) with solid data on the US services sector offsetting a weak private sector hiring report. Analysts also cited continued positive momentum following more dovish commentary from Federal Reserve officials, dynamics that let the market shrug off worries about trade tariffs and the weakening global growth outlook. The Dow Jones Industrial Average finished at 25,539.37, up 0.8 per cent. The broad-based S&P 500 also gained 0.8 per cent to 2,826.13, while the tech-rich Nasdaq Composite Index advanced 0.6 per cent to 7,575.48. Payrolls firm ADP estimated that US companies added just 27,000 new jobs in May, a fraction of the expected figure and the weakest result in more than nine years. The report comes ahead of Friday's more closely-watched Labor Department employment report. But the ADP report was countered by data from the Institute for Supply Management that showed services sector activity … [Read more...] about US stocks rally for 2nd day on bets for Fed rate cut
REUTERS: One of Tesla's former biggest supporters on Wall Street said on Tuesday the electric carmaker's shares could fall to US$10 from nearly US$200 now, if tensions with China escalate and sap demand for its cars.Shares of Tesla edged down, heading for their fifth straight session of losses, and bonds weakened, after Morgan Stanley analyst Adam Jonas outlined his worst case scenario.Jonas forecast the shares could be worth US$10 to US$391, with a price target of US$230, a wide range that underscores the confusion and risks about Tesla's future.The company is facing signs of dragging demand as rivals step up electric efforts, as well as issues related to cash flow and manufacturing, its outlook in China and its eccentric, charismatic Chief Executive Officer, Elon Musk."Tesla has grown too big relative to near-term demand, putting great strain on the fundamentals," wrote Jonas, rated a five-star analyst by Refinitiv for the accuracy of his forecasting on the company.The … [Read more...] about Former Tesla bull makes US$10 worst case call on China worries
Pinoys warned of hotter days, thunderstorms Helen Flores (The Philippine Star) - May 1, 2019 - 10:07pm MANILA, Philippines — The state weather bureau yesterday warned Filipinos to brace for hotter days and severe thunderstorms this month. Ana Liza Solis, chief of Climate Impact Monitoring and Prediction Section of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), said the warmest temperatures are usually felt in the country in the first half of May. “Because of the very hot temperature, the occurrence of local thunderstorm activities and at times severe thunderstorms become more frequent,” Solis told The STAR. Based on PAGASA’s data, the highest recorded temperatures in the country were 42.2 degrees Celsius in Tuguegarao City on May 11, 1969; 38.5 degrees Celsius at the Science Garden in Quezon City on May 14, 1987; 38.5 degrees Celsius in Sangley Point … [Read more...] about Pinoys warned of hotter days, thunderstorms