Archive for October, 2020

Indias Nihal Sarin wins Junior Speed Chess Championship – The Indian Express

By: PTI | Chennai | Updated: October 11, 2020 12:37:03 pmNihal Sarin emerged winner in the Chess.com's 2020 Junior Speed Online Chess Championship. (Source: Twitter/NihalSarin)

Young Indian player Nihal Sarin emerged winner in the Chess.coms 2020 Junior Speed Online Chess Championship, beating Russias world junior No. 6 Alexey Sarana 18-7 in the final.

The title win earned the 16-year old Sarin $ 8,766 and enabled him to qualify for the 2020 Speed Chess Championship Final which will feature the worlds best players.

Sarin had beaten American Andrew Tang, Australias Anton Smirnov and Armenian Haik Martirosyan en route the title.

Past winners of the Speed Chess Championship include Magnus Carlsen (2017) and Hikaru Nakamura (2018, 2019).

The Indian teenager had lost in the first round of the 2019 Junior Speed Chess event.

According to a press release, five-time world champion Viswanathan Anand praised Sarin, saying, Nihal is one of the worlds fastest juniors, and this result confirms it.

Sarin, a former world Under-10 champion, will join the Indian mens team that is taking part in the Asian Online Nations (Regions) Cup Team Championship which began Saturday.

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Indias Nihal Sarin wins Junior Speed Chess Championship - The Indian Express

What’s Going On With The Chess Piece? – The University News

The chess piece statue outside of Morrissey Hall is by far one of the most loved attractions on campus. Sitting outside the home of SLUs very own chess team, it has a giant chess board with spots nearby to sit and play the game.

Not only is it a favorite for those currently attending SLU, but it also manages to capture the attention of all visiting families and potential students. I remember visiting SLU with my family and seeing the chess piece. We all thought it was really cool, said Tara Burke, sophomore.

Recently, many students and faculty alike have noticed construction being done on the chess piece. Then, the chess piece disappeared completely, with caution tape surrounding the vacant area. This has left many SLU members wondering: What is going on with the chess piece?

Initially, there was speculation that the chess piece was vandalized. One student, sophomore Kara Bruns, reported that she had noticed when the piece was still on campus that there seemed to be a large dent towards the top of the piece. She added, I wish I did some personal investigating while it was still there.

These concerns were put to rest by Bradley Storr, a SLU Construction Supervisor, who spoke with the University News about the current situation with the chess piece. It turns out that earlier in the fall semester, water infiltrated the finish of the chess piece and inflicted damage to the interior of the piece. Later on, there was a storm that caused the top of the chess piece to shift, making it unsafe for staff and students to walk past.

The chess piece has since been moved to a SLU warehouse for further assessment and planning. An estimated time of arrival back to campus is not currently known.

We want to make sure that it is solid and safe to return to its pedestal, said Storr.

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What's Going On With The Chess Piece? - The University News

Boston Artisan Launches App to Revolutionize the Game of Chess – Yahoo Finance

TipRanks

Theres so much going on in the markets, that its hard to know where to start and what to look for. On the red side of the ledger, its clear that the headwinds are gathering. House Democrats are still rejecting the $1.8 trillion coronavirus aid and stimulus package put forth by the White House, saying that President Trumps proposal does not go far enough. The House Dems are pushing their own $2.2 trillion stimulus. At the same time, both Eli Lilly and Johnson & Johnson have paused their coronavirus vaccine programs, after the latter company reported an adverse event in early trials. This has more than just investors worried, as most hopes for a return to normal hang on development of a working vaccine for the novel virus.And earnings season is kicking off. Over the next several weeks, well see Q3 results from every publicly traded company, and investors will watch those results eagerly. The consensus is, that earnings will be down year-over-year somewhere between 20% and 30%. With this in mind, weve used theTipRanks databaseto pull up three dividend stocks yielding 6% or more. Thats not all they offer, however. Each of these stocks has a Strong Buy rating, and considerable upside potential.Philip Morris (PM)First on the list is tobacco company Philip Morris. The sin stocks, makers of tobacco and alcohol products, have long been known for their good dividends. PM has taken a different tack in recent year, with a turn toward smokeless tobacco products, marketed as cleaner and less dangerous for users health.One sign of this is the companys partnership with Altria to launch and market iQOS, a heated smokeless tobacco product that will allow users to get nicotine without the pollutants from tobacco smoke. PM has plowed over $6 billion into the product. Given the regulatory challenges and PR surrounding vaping products, PM believes that smokeless heated tobacco will prove to be the stronger alternative, with greater potential for growth.No matter what, for the moment PMs core product remains Marlboro cigarettes. The iconic brand remains a best seller, despite the long-term trend of public opinion turning against cigarettes.As for the dividend, PM has been, and remains, a true champ. The company has raised its dividend payment every year since 2008, and has reliably paid out ever quarter. Even corona couldnt derail that; PM kept up its $1.17 quarterly payment through 2020, and its most recent dividend, paid out earlier this month, saw an increase to $1.20 per common share. This annualizes to $4.80, and gives a yield of 6%.Covering PM for Piper Sandler, analyst Michael Lavery likes the move to smokeless products, writing, We remain bullish on PM's strong long-term outlook, and we believe recent iQOS momentum throughout the COVID-19 pandemic has been impressive. iQOS has had strong user growth and improving profitability, and store re-openings could further help drive adoption by new users.Lavery rates PM shares an Overweight (i.e. Buy), and his $98 price target implies a one-year upside of 24%. (To watch Laverys track record, click here)Overall, the Strong Buy consensus rating on PM is based on 9 reviews, breaking 8 to 1 in Buy versus Hold. The shares are priced at $79.10 and their $93.56 average price target suggests an 18% upside potential. (See PM stock analysis on TipRanks)Bank of N.T. Butterfield & Son (NTB)Butterfield is a small-cap banking firm based in Bermuda and providing a full range of services to customers on the island and on the Caymans, the Bahamas, and the Channel Islands, as well as Singapore, Switzerland, and the UK. Butterfields services include personal and business loans, savings accounts and credit cards, mortgages, insurance, and wealth management.Butterfield saw revenues and earnings slide in the first half of this year, in line with the general pattern of banking services globally the worldwide COVID-19 pandemic put a damper on business, and bankers felt the hit. Earnings in the last quarter of 2019 were 87 cents per share, and by 2Q20 were down to 67 cents. While a significant drop, that was still 21% better than the expectations. At the top line, revenues are down to $121 million. NTB reports Q3 earnings later this month, and the forecast is for 63 cents EPS. Along with beating earnings forecasts, Butterfield has been paying out a strong dividend this year. By the second quarter, the dividend payment was up to 44 cents per common share, making the yield a robust 7%. When the current low interest rate regime is considered the US Fed has set rates near zero, and Treasury bonds are yielding below 1% NTBs payment looks even better.Raymond James Donald Worthington, 4-star analyst with Raymond James, writes of Butterfield, robust capital levels [provide] more than sufficient loss absorption capacity in our view for whatever credit issues may arise. Its fee income stability has proven valuable given the impacts of declining rates on NII, where the bank has actively managed expenses to help support earnings. We continue to believe its dividend is safe for now given its low-risk loan portfolio, robust capital levels, and our forecast for a sub-100% dividend payout even under our stressed outlook.These comments support the analysts Outperform (i.e. Buy) rating, and his $29 price target suggests a 15% upside for the coming year. (To watch Worthingtons track record, click here)Overall, NTB has 4 recent reviews, which include 3 Buys and a single Hold, making the analyst consensus rating a Strong Buy. This stock has a $29 average price target, matching Worthingtons. (See NTB stock analysis on TipRanks)Enviva (EVA)Last on our list is an energy company, Enviva. This company holds an interesting niche in an essential sector, producing green energy. Specifically, Enviva is a manufacturer of processed biomass fuel, a wood pellet derivative sold to power generation plants. The fuel is cleaner burning than coal an important point in todays political climate and is made from recycled waste (woodchips and sawdust) from the lumber industry. The companys production facilities are located in the American Southeast, while its main customers are in the UK and mainland Europe.The economic shutdowns imposed during the corona pandemic reduced demand for power, and Envivas revenues fell in 1H20, mainly due to that reduced demand. Earnings remained positive, however, and the EPS outlook for Q3 predicts a surge back to 45 cents in line with the strong earnings seen in the second half of 2019.Enviva has shown a consistent commitment to paying out its dividend, and in last quarter the August payment the company raised the payment from 68 cents per common share to 77 cents. This brought the annualized value of the dividend to $3.08 per share, and makes the yield 7.3%. Even better, Enviva has been paying out regular dividends for the past 5 years.Covering this stock for Raymond James is analyst Pavel Molchanov, who rates EVA as Outperform (i.e. Buy) and sets a $44 price target. Recent share appreciation has brought the stock close to that target.Backing his stance, Molchanov writes, Enviva benefits from an increasingly broad customer base, and there is high-visibility growth via dropdowns. In the context of the power sector's massive coal retirements including (as of September 2020) 34 countries and 33 subnational jurisdictions with mandatory coal phase-outs (To watch Molchanovs track record, click here.)Envivas Strong Buy consensus rating is based on 4 Buys and 1 Hold. Its share price, which has gained in recent sessions, is $42.60, and as mentioned, it has closed in on the $44.80 average price target. (See EVA stock analysis at TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Boston Artisan Launches App to Revolutionize the Game of Chess - Yahoo Finance

Countdown to the Greatest Player of All Time – chess24

Levon Aronian, Boris Gelfand and Peter Leko are among the active players who have made it into the Top 50 players of all time. The exciting part begins when Jan Gustafsson and Peter Heine Nielsen begin ranking their picks for the Top 20 best players!

In a video series for chess24, Magnus Carlsen seconds Jan Gustafsson and Peter Heine Nielsen took on the impossible task of ranking The Top 50 Greatest Players of All Time.

The series is available for free for Premium members as the duo gradually reveal their Hall of Fame, discussing each and every player on the list and ranking them among the greats.

Get40% off Premium-membershipwith the code NORWAY40

Since we left off with #46 Gata Kamsky in our previous article, the grandmasters have now made it to number 23, Akiba Rubinstein.

Among the active players who made the list are Peter Leko, Boris Gelfand and Levon Aronian.

About Aronian, Peter Heine said:

He is someone by strength who very much belongs to the world hall of fame. It was Kasparov who said that the chess world is just a more beautiful place when Aronian plays better. In a sporting sense, he has managed everything like winning tournaments and world cups, but when it really comes down to the world championship cycle, he hasn't quite made it.

The Armenian number 1 is among many who apparently have strong opinions on who belongs in the hall of fame.

The series has received widespread feedback on social media and in the comments, which is likely to increase when we get to the top spots.

Peter Heine Nielsen said they are pleased with the feedback from fans received so far.

We are very happy with how the series has been received. Both towards the level of interest, but also the more critical parts. We very much hoped for debate and are pleased to see the interest in historical figures as well as how knowledgable people are.

The series also drew some criticism by an author who questioned using Chessmetrics ratings as the basis of the list.

On this, Peter commented:

The Dane can't promise fans any surprises for the next 20 on the list.

Top 20 by logic probaby will have few surprises of who the players are, but their ranking most likely will! Very much looking forward to more debate!

Here is the list so far:

See also:

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Countdown to the Greatest Player of All Time - chess24

New Research on Illegal Immigration and Crime – Cato Institute

Andrew Forrester, Michelangelo Landgrave, and Ipublished anew working paper on illegal immigration and crime in Texas. Our paper is slated to appear as achapter in avolume published by Oxford University Press in 2021. Like our other research on illegal immigration and crime in Texas, this working paper uses data collected by the Texas Department of Public Safety (DPS) that records and keeps the immigration statuses of those arrested and convicted of crimes in Texas. As far as weve been able to tell, and weve filed more than 50 state FOIA requests to confirm, Texas is the only state that records and keeps the immigration statuses of those entering the criminal justice system. Texas gathers this information because its runs arrestee biometric information through Department of Homeland Security (DHS) databases that identify illegal immigrants. Unlike other states, Texas DPS keeps the results of these DHS checks that then allows amore direct look at immigrant criminality by immigration status.

The results aresimilar to our other work on illegal immigration and crime in Texas. In 2018, the illegal immigrant criminal conviction rate was 782 per 100,000 illegal immigrants, 535 per 100,000 legal immigrants, and 1,422 per 100,000 nativeborn Americans. The illegal immigrant criminal conviction rate was 45 percent below that of nativeborn Americans in Texas. The general pattern of nativeborn Americans having the highest criminal conviction rates followed by illegal immigrants and then with legal immigrants having the lowestholds for all of other specific types of crimes such as violent crimes, property crimes, homicide, and sex crimes.

Since Texas is the only state that records and keeps the immigration statuses of those arrested, we cant make adirect applestoapples comparison between Texas and other states (every state should record and keep this information so we can answer this important question). It could be that illegal immigrants in Texas are the most lawabiding illegal immigrant population in the country or the least lawabiding. Until other states start recording and keeping the data, wewont know for sure. But there is much suggestive evidence that the illegal immigrant criminal convictionrate in Texas is comparable to their crime rates across the country.

For instance, the ratio of the nationwide estimated illegal immigrant incarceration rate to the native and legal immigrant incarceration rates is very similar to the same ratios for the criminal conviction rate in Texas. The similarity is evidence that the pattern in Texas holds nationwide, at least to the extent that convictions and incarcerations are correlated. The only way that illegal immigrants could have ahigher incarceration rate is if there is something seriously wrong with our method of estimating their total population in the United States and the actual number is much smalleror we are seriously undercounting illegal immigrants who are incarcerated. Neither is very likely, but its important to mention the possibility.

We go abit further in this working paperby looking at how local variation in the illegal immigrant population is correlated withcrimerates on the country level in Texas for the years 20122018. The relationship between changes in the illegal immigrant population and crime is known as an elasticity. The elasticity between two variables estimates how one variable, the illegal immigrant population here, affects another variable like the number of illegal immigrant convictions or the total crime rate. We control for the number of law enforcement officers per capita. We basically find no relationship. The only statistically significant relationship worth reporting is anegative association between total violent crime convictions and the illegal immigrant share with apoint estimate of -0.104 that is significant at the 5percent level. This exception suggests that a10 percent increase in the illegal immigrants share of the population is associated with a1 percent decline in violent crime convictions in our sample of Texas counties.

Our working paper isnt the only new research on illegal immigration and crime. Christian Gunadi, an economist who recently graduated from the University of California Riverside, examined how the DACA program affected crime rates. Gunadi tested the theory, based on Gary Beckers crime research, that issuing work permits to young illegal immigrants increasesthe opportunity cost of committing crime by making it easier for them to be legally employed. Gunadi found, when he analyzed the individuallevel incarceration data, that there was no evidence that DACA statistically significantly affected the incarceration rate of young illegal immigrants. Gunadi also looked at crime on the state level and found that the implementation of DACA is associated with areduction in property crime rates such that an additional DACA application approved per 1,000 population is associated with a1.6 percent decline in the overall property crime rate. That second finding is consistent with the Beckerian crime model.

Other recent research into immigration and crime similarly find no relationship between immigration and crime or aslightly negative relationship, but their methods are not as robust so Idont place as much weight on them. However, arecent working paper written by Conor Norris and published at the Center for Growth and Opportunity used differenceindifferences and the synthetic control method to see how the passage of SB-1070in Arizona in 2010, which was an immigration enforcement law, affected crime there relative to other states. It found that violent crime in Arizona increased by about 20 percent under both methods.

Norris paper is interesting and worth developing further. For instance, most of the research on the economics of crime focuses on how higher opportunity costs lowers crime rates. In that way, increasing legal employment opportunities can lower crime while making it more difficult for illegal immigrants to work can push some of them toward committing crimes because theyd have less to lose. In 2007, the Arizona state legislature passed the Legal Arizona Workers Act (LAWA) that mandated EVerify on January 1, 2008. EVerify is intended to prevent the hiring of illegal immigrants. Forrester and Iwrote ashort blog post showing that the passage of LAWA may have increased the monthly flow of noncitizens into Arizona state prisons, but the effect was shortlived as many illegal immigrants either left the state or figured out how to get around EVerify.

The above new research and the vast quantity of papers on how immigration doesnt increase crime and frequently lowers it leads to an interesting question: Why do so many people think that immigration increases crime? The Christian Science Monitor had an interview segment recently where they asked criminologists why so many Americans think immigrants increase crime even though the weight of evidence says that they are less likely to commit crimes than nativeborn Americans. According to arecent Gallup poll, 42 percent of respondents thought that immigrants increase crime, 7percent thought that immigrants decrease crime, and 50 percent said immigrants didnt affect crime.

Much of the effect could be that people who dont like immigration could just ascribe all types of negative behavior to them in order to justify their dislike. This probably explains alot of it, but it would be adisservice to stop there. We must examine the possible other reasons. Another potential reasonis that many people think that immigrant criminals could have been prevented from coming in the first place, so theres more of afocus on their crimes (availability bias) because many people think that they are more preventable than crimes committed by nativeborn Americans. In that way, many people could think that allowing any crime by immigrants is achoice and that crime could go away at the stroke of apen. Thats not how the world works and that doesnt explain why so many people think that crime rates go up with immigration, but if that form of control bias is combined with aconflation between the number of crimes and the crime rate then the mistake is understandable if not based on an accurate understanding of the variables.

Another reason could be that nativeborn Americans who have the same ethnicity asrecent immigrants might have amuch higher incarceration rate, so the respondents to these surveys lump them in together and conclude that immigrants boost the crime rate. Among nativeborn Americans, Hispanics do have ahigher incarceration rate but Asians have amuch lower rate. This is further complicated by the fact that Puerto Ricans, who are not immigrants, likely have the highest incarceration rate of any Hispanic subgroup in the United States (see Table 1) and it would be quite silly for someone to blame immigrants for the higher Puerto Rican incarceration rate.

There is more and more evidence that immigrants, regardless of legal status, are less likely to commit crimes than nativeborn Americans. However, asubstantial number of Americans still think that immigration increases crime. As more evidence builds over time, we can only hope than Americans respond by updating their opinions so that they fit the facts.

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New Research on Illegal Immigration and Crime - Cato Institute