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EU and Chinese Leaders Set to Give Blessing to Investment Accord – Yahoo Canada Finance

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The New York Times

She’s a Chess Champion Who Can Barely See the Board

Have you heard this story before? Girl has rough start in life, discovers chess. She becomes a United States champion. She studies Russian. And now she needs to find a way to get to Russia to play chess, because she can’t afford it.No, I’m not talking about Beth Harmon, the fictional hero of the Netflix megahit “The Queen’s Gambit.” Meet Jessica Lauser, the reigning three-time U.S. Blind chess champion. You can call her Chessica — the nickname her math teacher gave her in eighth grade.Sign up for The Morning newsletter from the New York TimesLauser, now 40, was born 16 weeks prematurely. Like many infants born that early, she needed oxygen, which damaged her eyes, a condition called retinopathy of prematurity. One eye is completely blind; in the other she has 20/480 eyesight. Her visual field is limited, and the chess pieces appear blurred and distorted. She can tell when a square on the board is occupied, but she can’t always tell which piece it is.When she’s playing against a sighted player in a tournament, she will explain all of this. The biggest problem is the touch-move rule in chess, which says that if you touch a piece, you have to move it.”If I need to identify a piece during a game, I will lightly touch the top of it and say ‘identify,’ not grasping the piece, but just brushing it,” she says. Aside from that, says Michael Aigner, who was recently her teammate in the first Online Olympiad for People with Disabilities, “Nobody can tell that Jessica is blind.” Blind chess players often use a tactile set, a special board with pegs that allows them to feel the pieces without knocking them over. She does not. But she does have to remind herself of where the pieces are (unlike Beth Harmon, she doesn’t have a photographic memory, but she does have strong pattern recognition abilities), so identifying them by touch is sometimes useful.Chess has been Lauser’s refuge for a very long time. She learned the game at age 7, when she transferred from the Arizona State Schools for the Deaf and Blind to a mainstream school. At that age, she says, “it was just a game like Monopoly or Parcheesi.” But by seventh grade, when she started at a new school in California, she had begun to take the game more seriously.”When I walked into class on the first day, the first thing I saw at the back of the room were waist-high cabinets with chess sets on top,” Lauser says. “I knew that the kids were going to call me ‘Four-Eyes,’ and I said, ‘Hey, maybe if I beat them, then they will finally shut up.'”Lauser, who now lives in Kansas City, Missouri, and works for the Internal Revenue Service, has lived in a staggering number of places, as her blindness has made it difficult to secure a steady job. She has been homeless within the past year. It’s a very sore subject with her. “What frustrates me most is not getting a fair shot at life, because of how I was born,” she says. In order to maintain her eligibility for Social Security Disability Insurance, she cannot make more than $2,110 a month.”The limit is hard and fast,” she says. “It has kept me in perpetual poverty, my entire adult life, even though I have always worked. That’s why I play chess, because it helps me cope with all the things I cannot change, that especially.”She later added: “I don’t want pity, but rather opportunity. I just want to be equal.”She has honed her chess game on the streets: Market Street in San Francisco, Santana Row in San Jose, Dupont Circle in Washington. Her favorite place was the student union at San Francisco State University, where she got her undergraduate degree at age 36.”I would set up multiple sets at a time and take on all comers,” she says. She drew a crowd, not so much because she was blind or a woman, but because the struggle of one person against many never fails to fascinate. The nearby stores noticed that their sales increased when she was there, as people stopped to watch. “The coordinator of the building told me, ‘I hope this won’t offend you, but we’d like to adopt you!'”Because she has played so much on the streets, she plays very fast, using openings that are often considered unsound for tournament chess. In blitz, or five-minute chess, her peak rating placed her one category below master. Getting a master title is still her goal, although she is aware that the odds are against her: Not many players have achieved this in their 40s. “I am not giving up this dream of mine,” she says.In October, Lauser won her third consecutive U.S. Blind championship — a tournament that was held in person, in spite of the pandemic. It had been postponed from July. Before the pandemic, says Virginia Alverson, the president of the U.S. Blind Chess Association, she had hoped to attract 20 participants. (Normally about 10 players come, out of about 100 members.) But with the pandemic, they had to settle for three: Alverson, her roommate, Pauline Downing, and Lauser. “We felt that if Jessica was willing to travel from Kansas City to New Hampshire to defend her title, we should have some sort of tournament,” Alverson says. “It says a lot about Jessica that she wanted to come. Jessica loves to play chess. And truth to say, I wanted to see Jessica.”This year’s Olympiad for People with Disabilities, held over Thanksgiving weekend, was a much higher-profile event. Originally scheduled for Siberia in August, it was moved online, and attracted 60 teams from 44 countries. The U.S. team, led by Aigner on first board, tied for 10th place. Lauser started slowly but won a key last-round game against a player from Brazil. And she was arguably the most important player, because each team was required to field a female player. Without her, there would not have been a U.S. team.”In the middle of the tournament, after she lost the first three rounds, we played about an hour of blitz chess, just for fun,” Aigner says. “She was playing all of her gambits against me, and in some of the games I got in trouble. When she finally won in round four, my reaction was thank goodness someone else gets to see how good you are. She was playing the style she played against me in blitz, and of course she won.”Currently (subject to change), the next Olympiad is scheduled for Russia in 2022. Lauser would like to go, but she is not sure how she can. This year, before the event in Siberia was canceled, FIDE, the international chess federation, offered to pay accommodations plus 1,500 euro for travel — or about $1,800. “Whether that would get people to Russia and back is debatable,” says Chris Bird, FIDE events manager of the U.S. Chess Federation. Until the pandemic is over, the federation is not giving financial support to teams for international events.For Lauser, it’s a familiar story. She has also qualified for the world blind championship six times, but has never been able to attend.In the short run, Lauser hopes to keep her job in Kansas City, as well as her current apartment, from which she can hear the trains rumble by on their way to and from Union Station. Long term, she says, “My dream situation would be to make enough money to live on, to not be struggling with debt, maybe to have a home at some point. To be able to use Russian every day, to be able to compete, to be able to help others. Maybe live in Russia, teach English and play chess.”This article originally appeared in The New York Times.(C) 2020 The New York Times Company

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Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

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NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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