Actualidad breaking news Actualidad News Mon, 21 Aug 2017 08:20:23 GMT U.S., South Korea begin computer-simulated drills amid North Korea tensions SEOUL (Reuters) - South Korean and U.S. forces began computer-simulated military exercises on Monday amid tensions over North Korea's missile and nuclear programs, amid reports that Pyongyang has generated at least $270 million since February despite U.N. sanctions.<p><p><iframe width="320" height="180" src="ver.cfm?id=13874&tipo=9&vv=GQSz9v0hMOs" frameBorder="0"<p>scrolling="NO"></iframe><p><p>South Korean President Moon Jae-in said the joint drills, called Ulchi Freedom Guardian, were purely defensive and did not aim to raise tensions on the peninsula.<p><p>"There is no intent at all to heighten military tension on the Korean peninsula as these drills are held annually and are of a defensive nature," Moon told Cabinet ministers.<p><p>"North Korea should not exaggerate our efforts to keep peace nor should they engage in provocations that would worsen the situation, using (the exercise) as an excuse," he said.<p><p>The joint U.S.-South Korean drills will continue to Aug. 31 and involve computer simulations designed to prepare for war with a nuclear-capable North Korea.<p><p>The United States also describes them as "defensive in nature", a term North Korean state media has dismissed as a "deceptive mask".<p><p>"It's to prepare if something big were to occur and we needed to protect ROK," said Michelle Thomas, a U.S. military spokeswoman, referring to South Korea by its official name, the Republic of Korea.<p><p>North Korea views such exercises as preparations for invasion and has fired missiles and taken other actions to coincide with the military drills in the past.<p><p>North and South Korea are technically still at war after the 1950-53 Korean War ended with a truce, not a peace treaty.<p><p>North Korea's rapid progress in developing nuclear weapons and missiles capable of reaching the U.S. mainland has fueled a surge in regional tension and U.N.-led sanctions appear to have failed to bite deeply enough to change Pyongyang's mind.<p><p>SANCTIONS UNDERMINED<p><p>Japan's Kyodo news agency reported on Monday that a confidential United Nations report found North Korea had continued to evade U.N. sanctions by "deliberately using indirect channels" and had generated $270 million in banned exports since February.<p><p>The "lax enforcement" of existing sanctions and Pyongyang’s "evolving evasion techniques" were undermining the United Nation's goal of getting North Korea to abandon its nuclear and ballistic missile programs, Kyodo quoted the report as saying.<p><p>The U.N. Security Council unanimously imposed new sanctions on North Korea on Aug. 5 that could slash the North's $3 billion annual export revenue by a third. The latest sanctions were imposed after North Korea tested two intercontinental ballistic missiles in July.<p><p>U.S. President Donald Trump has warned that North Korea will face "fire and fury" if it threatens the United States. ... Mon, 21 Aug 2017 03:00:00 GMT Barcelona attack suspect still sought as investigation expands to other countries BARCELONA, Spain (Reuters) - Spanish police searched on Sunday for the man behind the wheel in the Barcelona van attack that killed 13 people, amid growing signs members of the militant group had connections elsewhere in Europe.<p><p>Police said security operations were under way in Catalonia and on the French border as they searched Moroccan-born Younes Abouyaaqoub, 22, the only one of 12 suspects still at large who they believe may have crossed into France.<p><p>Others implicated in the attack have been arrested, shot by police or killed in an explosion at a house in Catalonia a day before Thursday's van attack on Las Ramblas, Barcelona's most famous boulevard.<p><p>"We don't have any specific information on this but it cannot be ruled out," Catalan police chief Josep Lluis Trapero told a news conference in Barcelona when asked if Abouyaaqoub could have crossed into France.<p><p>Spanish media say authorities believe Abouyaaqoub drove the van through crowds of tourists and locals walking along Las Ramblas, leaving a trail of dead and 120 injured. Trapero said he could not confirm who was behind the wheel.<p><p>Hours after the Barcelona attack, police shot dead five men wearing fake explosive belts in the resort of Cambrils, further down the coast, after they rammed holidaymakers with a car and stabbed others, killing one woman.<p><p>A seven-year-old British-Australian boy, Julian Cadman, was confirmed on Sunday as one of 13 killed in the Barcelona attack.<p><p>Family members told Reuters on Sunday that Abouyaaqoub had began showing more religiously conservative behaviour within the past year, and refused to shake hands with women during a visit to his birthplace in Morocco in March.<p><p>They expressed shock and anger after discovering the alleged involvement in the Barcelona attack of Abouyaaqoub, his brother and two cousins, all originally from the small Moroccan town of Mrirt.<p><p>Hannou Ghanimi, Abouyaaqoub's mother, told reporters in Catalonia on Saturday she wanted her son to give himself up to police, saying she would rather see him in prison than end up dead.<p><p>INTERNATIONAL DIMENSION<p><p>Evidence emerged on Sunday that alleged members of the Catalan cell travelled to other European countries.<p><p>Hans Bonte, mayor of the Belgian town of Vilvoorde, near Brussels, told VRT television that Abdelbaki Es Satty - an imam suspected of being part of the group - was in Belgium last year looking for work.<p><p>Belgium has suffered a number of Islamist attacks and Vilvoorde has been a centre of Islamic radicalism.<p><p>"We know for sure that he spent time here between January 2016 and March 2016, in Diegem, Vilvoorde and Brussels. Our local police services screened him intensely," Bonte said.<p><p>"It did not appear that on a federal level ... there was any worrying information," he added. ... Mon, 21 Aug 2017 03:00:00 GMT It’s become almost impossible to figure out what Tesla is actually worth • Valuations of Tesla vary wildly.<p><p>• The company is fueled financially by a "story" about the future.<p><p>• It could be a decade before it's possible to properly value the company.<p><p>Generally speaking, investors want a precise assessment of what the companies they invest in are worth.<p><p>Valuation is both art and science, of course, as there's never a guarantee that a company will perform better in the future than it has in the past. But analysts strive mightily to favor the science side as much as possible.<p><p>Viewed through that lens — or spreadsheet — Tesla is confounding. Going by the most obvious number, the stock price, Tesla is worth $355 per share and has a market cap of $60 billion.<p><p>If you flew in from an alien planet where some type of money exists and math is used to value intergalactic undertakings, you'd be baffled: How can a company that makes vehicles and sells them for $100,000 on average post extremely infrequent profits?<p><p>You'd look at other companies that do the same thing, observe that General Motors and Ford have been steadily profitable for years and have piles of money in the bank, and ponder with some consternation the attitudes of investors on this strange planet of baffling valuations.<p><p>The confused alien scientist problem<p><p>I think everybody who tries to figure out what Tesla is really worth finds themselves in the position of the confused alien scientist. The bulls and bears on Wall Street are far apart, with price targets ranging from $464 at the high end to $155 at the low end. Valuation expert and NYU finance professor Aswath Damodaran is what I might call a coolly rational bear — he likes Tesla's chances, but he considers it to be wildly overvalued at the moment:<p><p>"My expected revenues for Tesla in ten years are close to $93 billion, a nine-fold increase from last year's revenues and a higher target than the $81 billion that I projected in my July 2016 valuation. Second, the operating margins, while still negative, have become less so in the most recent period, reducing reinvestment needs for funding growth. The free cash flows are still negative for the next seven years, a cash burn that will require about $15.5 billion in new capital infusions over that period. With those changes, the value per share that I estimate is about $192/share, about 20% higher than my $151 estimate a year ago, but well below the current price per share of $365."<p><p>Some back-of-the-envelope calculations reveal that Tesla will have to raise about 20% of its roughly projected revenue of $80 billion over a seven-year period, meaning that the revenue, while outwardly impressive, is going to be expensive. Basically, Tesla has to raise $2.2 billion per year to achieve $11 billion-$12 billion in annual revenues. ... Mon, 21 Aug 2017 03:00:00 GMT The New 'Minecraft' Xbox One S Console And Controllers Are Blocky Perfection Earlier today, during Microsoft’s Gamescom press conference in Germany, it was announced that Xbox One X pre-orders were going live. Strangely enough, that wasn’t my favorite unveiling. And friends, trust me when I say that I don’t even like Minecraft, so this caught me by surprise.<p><p><iframe width="320" height="180" src="ver.cfm?id=13871&tipo=9&vv=p3gSQZk0Crg" frameBorder="0"<p>scrolling="NO"></iframe><p><p>Alongside the somewhat expected big news, a 1TB (and gloriously pixelated) Minecraft Limited Edition Xbox One S Bundle was also shown. Here’s a direct quote from the press release detailing exactly what will be included with the unit once it’s released later this year:<p><p>...a custom designed grass block console, Xbox Wireless Controller – Minecraft Creeper, Minecraft system sounds, vertical stand and transparent underside with Redstone circuit accents. This exclusive bundle also includes a full game download of Minecraft plus the Redstone Pack, a collection of unique skin packs.”<p><p>I mostly know about Minecraft via the enthusiastic kids I’ve worked with throughout my career in special education and mental health treatment facilities, and since it was first released back in 2011, I’ve maybe played five minutes total of Notch’s unstoppable build-anything, buy-all-the-merchandise sandbox. Honestly, it’s never been my cup of tea (or rather my can of Monster Energy), but I absolutely love the look of this upcoming variant. Maybe it’s because if you take away the Minecraft branding, it stands alone as a throwback, retro-inspired device. I’m particularly psyched about the clear base, and correct me if I’m wrong, but I believe this is the first Xbox One S to feature a see-through anything. If Microsoft really pulls this off, the aesthetic should scratch my radical Nineties ‘xtreme’ itch.<p><p>And that’s just the console itself—the accompanying controller looks equally impressive. I’ve posted quite a bit about my love affair with gamepad variants, and this Creeper-faced peripheral is something I’m definitely going to need in my growing collection. Here’s the breakdown: Green thumbsticks, green directional pad and green face buttons imbued with blocky font reminiscent of the game’s theming. <p><p>A Creeper looks out at players from beneath the Xbox button and the back of the gamepad is emblazoned with a pixelated bundle of TNT (complete with winding fuse). The controller will also be available for purchase separately ($74.99 MSRP), along with an equally cool Pig version ($74.99 MSRP) that sports awesome pink coloring and an adorable, blocky swine mug. Both devices feature textured grip, and with such a brightly inviting motif, there can’t exist a cooler way to play Minecraft. ... Mon, 21 Aug 2017 03:00:00 GMT