Friday, February 9, 2018

Russian nuclear scientists arrested for 'Bitcoin mining plot' - BBC News

9/2/2018
Russian nuclear scientists arrested for 'Bitcoin mining plot'
The arrested scientists worked at the secret factory which made the USSR's first nuclear bomb
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Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies.
The suspects had tried to use one of Russia's most powerful supercomputers to mine Bitcoins, media reports say.
The Federal Nuclear Centre in Sarov, western Russia, is a restricted area.
The centre's press service said: "There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining."
The supercomputer was not supposed to be connected to the internet - to prevent intrusion - and once the scientists attempted to do so, the nuclear centre's security department was alerted. They were handed over to the Federal Security Service (FSB), the Russian news service Mash says.
"As far as we are aware, a criminal case has been launched against them," the press service told Interfax news agency.
Crypto-currencies like Bitcoin do not rely on centralised computer servers. People who provide computer processing power to the crypto-currency system, to enable transactions to take place, can get rewards in Bitcoins.
In the Cold War the USSR's first nuclear bomb was produced at Sarov, during Joseph Stalin's rule.
The top-secret town was not even marked on Soviet maps and special permits are still required for Russians to visit it.
Putin, power and poison: Russia’s elite FSB spy club
Sarov is surrounded by a tightly guarded no-man's-land, with barbed wire fences to keep the curious away.
There are suspicions that the radioactive polonium-210 used to kill ex-FSB agent Alexander Litvinenko in London in 2006 came from Sarov.
The Federal Nuclear Centre reportedly employs up to 20,000 people and its supercomputer boasts a capacity of 1 petaflop, the equivalent of 1,000 trillion calculations per second.
Mining crypto-currencies requires great computational power and huge amounts of energy.
There have been reports of some other industrial facilities in Russia being used for crypto-mining, and one businessman reportedly bought two power stations for the activity.

Reuters: Journalists held for probing Rohingya massacre- Al Jazeera ( source : Reuters )

9/2/2018
Reuters: Journalists held for probing Rohingya massacre
Myanmar 'starving out' Rohingya in Rakhine: Amnesty
yesterday
Suu Kyi stays silent on Ko Ni's first death anniversary
Two Reuters news agency journalists held for two months by Myanmar authorities were arrested over their investigation of a massacre of 10 Rohingya men, the news agency said in a report that detailed the killings.
It is the first time Reuters has publicly confirmed what Myanmar nationals Wa Lone, 31, and Kyaw Soe Oo, 27, were working on when they were arrested on December 12 on the outskirts of Yangon.
The pair are now facing up to 14 years in prison on charges of possessing classified documents in violation of the colonial-era Official Secrets Act.
Their plight has sparked global alarm over withering press freedoms in Myanmar and government efforts to curb reporting in northern Rakhine state - a crisis-hit region where troops are accused of waging an ethnic cleansing campaign against Muslim-majority Rohingya.
Nearly 700,000 Rohingya have fled the area since last August, carrying stories of atrocities at the hands of troops and vigilante groups in the Buddhist-majority country.
Myanmar authorities deny the allegations but have virtually cut off northern Rakhine, barring independent media from accessing the conflict-hit areas.
On Thursday Reuters published a report describing how Myanmar troops and Buddhist villagers executed 10 Rohingya men in Rakhine's Inn Dinn village on September 2, 2017 before dumping their bodies into a mass grave.
"The Reuters investigation of the Inn Din massacre was what prompted Myanmar police authorities to arrest two of the news agency's reporters," the report said.
The account was based on testimony from Buddhist villagers, security officers and relatives of the slain men.
It included graphic photographs of the victims, hands bound kneeling on the floor before the killing - and of their bodies in a pit after they were shot.
Ten Rohingya Muslim men with their hands bound kneel as members of the Myanmar security forces stand guard in Inn Din village [Reuters]
The bodies of 10 Rohingya Muslim men lie in a shallow grave in Inn Din village, Myanmar, in this undated image obtained by Reuters on November 22 [Reuters]
Their ages ranged from 17 to 45. Among them were students, fishermen, farmers and shop owners. They were all part of the same Rohingya community in Inn Din.
"When they were taking them away, they said 'don't worry. We will send your sons back soon. We are taking them for a meeting'," the father of one victims, Abdu Shakur, said.
Abdu Shakur, whose son Rashid Ahmed was among 10 Rohingya men killed by Myanmar security forces and Buddhist villagers on September 2, 2017, holds a family picture at Kutupalong camp in Cox's Bazar, Bangladesh, January 19 [Mohammad Ponir Hossain/Reuters]
A month after the journalists' arrests, Myanmar's army issued a rare statement admitting that security forces took part in extrajudicial killings of 10 Rohingya "terrorists" in Inn Din village.
The Reuters report said witnesses denied there had been any major attack from Rohingya rebels before the alleged massacre.
A Myanmar government spokesman could not be immediately reached for comment.
But Myanmar vehemently denies systematic abuses by its security officers, despite a mounting volume of evidence pointing to atrocities.
Judges have denied bail to the two reporters during a pre-trial hearing period, despite calls for their release from human rights groups and diplomats around the globe.
Detained Reuters journalist Kyaw Soe Oo is seen during a break at the court hearing in Yangon, Myanmar February 1 [Jorge Silva/Reuters]
Arrested Reuters journalist Wa Lone is being escorted by police after a court hearing in Yangon, Myanmar February 1, [Jorge Silva/Reuters]
The next hearing is scheduled for February 14.
SOURCE: AL JAZEERA AND NEWS AGENCIES

The Revolutionary Power Of Black Panther - TIME

9/2/2018
The Revolutionary
Power Of Black Panther
Marvel’s new movie marks a major milestone
By JAMIL SMITH
The first movie I remember seeing in a theater had a black hero. Lando Calrissian, played by Billy Dee Williams, didn’t have any superpowers, but he ran his own city. That movie, the 1980 Star Wars sequel The Empire Strikes Back, introduced Calrissian as a complicated human being who still did the right thing. That’s one reason I grew up knowing I could be the same.
If you are reading this and you are white, seeing people who look like you in mass media probably isn’t something you think about often. Every day, the culture reflects not only you but nearly infinite versions of you—executives, poets, garbage collectors, soldiers, nurses and so on. The world shows you that your possibilities are boundless. Now, after a brief respite, you again have a President.
Those of us who are not white have considerably more trouble not only finding representation of ourselves in mass media and other arenas of public life, but also finding representation that indicates that our humanity is multi­faceted. Relating to characters onscreen is necessary not merely for us to feel seen and understood, but also for others who need to see and understand us. When it doesn’t happen, we are all the poorer for it.
This is one of the many reasons Black Panther is significant. What seems like just another entry in an endless parade of super­hero movies is actually something much bigger. It hasn’t even hit theaters yet and its cultural footprint is already enormous. It’s a movie about what it means to be black in both America and Africa—and, more broadly, in the world. Rather than dodge complicated themes about race and identity, the film grapples head-on with the issues affecting modern-day black life. It is also incredibly entertaining, filled with timely comedy, sharply choreographed action and gorgeously lit people of all colors. “You have superhero films that are gritty dramas or action comedies,” director Ryan Coogler tells TIME. But this movie, he says, tackles another important genre: “Superhero films that deal with issues of being of African descent.”
Black Panther features tense action sequences: “There was a point during the movie when my brother turned to me and said, ‘What’s gonna happen?’” Boseman says. “I looked at him like, ‘Just watch the movie!’”
Black Panther is the 18th movie in the Marvel Cinematic Universe, a franchise that has made $13.5 billion at the global box office over the past 10 years. (Marvel is owned by Disney.) It may be the first mega­budget movie—not just about superheroes, but about anyone—to have an African-American director and a predominantly black cast. Hollywood has never produced a blockbuster this splendidly black.
The movie, out Feb. 16, comes as the entertain­ment industry is wrestling with its toxic treatment of women and persons of color. This rapidly expanding reckoning—one that reflects the importance of representation in our culture—is long overdue. Black Panther is poised to prove to Hollywood that African-American narratives have the power to generate profits from all audiences. And, more important, that making movies about black lives is part of showing that they matter.
The invitation to the Black Panther premiere read “Royal attire requested.” Yet no one showed up to the Dolby Theatre on Hollywood Boulevard on Jan. 29 looking like an extra from a British costume drama. On display instead were crowns of a different sort—ascending head wraps made of various African fabrics. Oscar winner Lupita Nyong’o wore her natural hair tightly wrapped above a resplendent bejeweled purple gown. Men, including star Chadwick Boseman and Coogler, wore Afrocentric patterns and clothing, dashikis and boubous. Co-star Daniel Kaluuya, an Oscar nominee for his star turn in Get Out, arrived wearing a kanzu, the formal tunic of his Ugandan ancestry.
After the Obama era, perhaps none of this should feel groundbreaking. But it does. In the midst of a regressive cultural and political moment fueled in part by the white-nativist movement, the very existence of Black Panther feels like resistance. Its themes challenge institutional bias, its characters take unsubtle digs at oppressors, and its narrative includes prismatic perspectives on black life and tradition. The fact that Black Panther is excellent only helps.
Back when the film was announced, in 2014, nobody knew that it would be released into the fraught climate of President Trump’s America—where a thriving black future seems more difficult to see. Trump’s reaction to the Charlottesville chaos last summer equated those protesting racism with violent neo-Nazis defending a statue honoring a Confederate general. Immigrants from Mexico, Central America and predominantly Muslim countries are some of the President’s most frequent scapegoats. So what does it mean to see this film, a vision of unmitigated black excellence, in a moment when the Commander in Chief reportedly, in a recent meeting, dismissed the 54 nations of Africa as “sh-thole countries”?
As is typical of the climate we’re in, Black Panther is already running into its share of trolls—including a Facebook group that sought, unsuccessfully, to flood the review aggregator Rotten Tomatoes with negative ratings of the film. That Black Panther signifies a threat to some is unsurprising. A fictional African King with the technological war power to destroy you—or, worse, the wealth to buy your land—may not please someone who just wants to consume the latest Marvel chapter without deeper political consideration. Black Panther is emblematic of the most productive responses to bigotry: rather than going for hearts and minds of racists, it celebrates what those who choose to prohibit equal representation and rights are ignoring, willfully or not. They are missing out on the full possibility of the world and the very America they seek to make “great.” They cannot stop this representation of it. When considering the folks who preemptively hate Black Panther and seek to stop it from influencing American culture, I echo the response that the movie’s hero T’Challa is known to give when warned of those who seek to invade his home country: Let them try.
The history of black power and the movement that bore its name can be traced back to the summer of 1966. The activist Stokely Carmichael was searching for something more than mere liberty. To him, integration in a white-dominated America meant assimilation by default. About one year after the assassination of Malcolm X and the Watts riots in Los Angeles, Carmichael took over the Student Non­violent Coordinating Committee from John Lewis. Carmichael decided to move the organization away from a philosophy of pacifism and escalate the group’s militancy to emphasize armed self-defense, black business ownership and community control.
In June of that year, James Meredith, an activist who four years earlier had become the first black person admitted to Ole Miss, started the March Against Fear, a long walk of protest from Memphis to Mississippi, alone. On the second day of the march, he was wounded by a gunman. Carmichael and tens of thousands of others continued in Meredith’s absence. Carmichael, who was arrested halfway through the march, was incensed upon his release. “The only way we gonna stop them white men from whuppin’ us is to take over,” he declared before a passionate crowd on June 16. “We been saying freedom for six years and we ain’t got nothin’. What we gonna start sayin’ now is Black Power!”
The activist Stokely Carmichael, pictured here at a 1966 rally in Berkeley, Calif., took a stand against white oppression and helped popularize the term black power
Black Panther was born in the civil rights era, and he reflected the politics of that time. The month after Carmichael’s Black Power declaration, the character debuted in Marvel Comics’ Fantastic Four No. 52. Supernatural strength and agility were his main features, but a genius intellect was his best attribute. “Black Panther” wasn’t an alter ego; it was the formal title for T’Challa, King of Wakanda, a fictional African nation that, thanks to its exclusive hold on the sound-absorbent metal vibranium, had become the most technologically advanced nation in the world.
It was a vision of black grandeur and, indeed, power in a trying time, when more than 41% of ­African Americans were at or below the poverty line and comprised nearly a third of the nation’s poor. Much like the iconic Lieutenant Uhura character, played by Nichelle Nichols, that debuted in Star Trek in September 1966, Black Panther was an expression of Afrofuturism—an ethos that fuses African mythologies, technology and science fiction and serves to rebuke conventional depictions of (or, worse, efforts to bring about) a future bereft of black people. His white creators, Stan Lee and Jack Kirby, did not consciously conjure a fantasy-world response to Carmichael’s call, but the image still held power. T’Challa was not only strong and educated; he was also royalty. He didn’t have to take over. He was already in charge.
“You might say that this African nation is fantasy,” says Boseman, who portrays T’Challa in the movie. “But to have the opportunity to pull from real ideas, real places and real African concepts, and put it inside of this idea of Wakanda—that’s a great opportunity to develop a sense of what that identity is, especially when you’re disconnected from it.”
The character emerged at a time when the civil rights movement rightfully began to increase its demands of an America that had promised so much and delivered so little to its black population. Fifty-two years after the introduction of T’Challa, those demands have yet to be fully answered. According to the Federal Reserve, the typical African-American family had a median net worth of $17,600 in 2016. In contrast, white households had a median net worth of $171,000. The revolutionary thing about Black Panther is that it envisions a world not devoid of racism but one in which black people have the wealth, technology and military might to level the playing field—a scenario applicable not only to the predominantly white landscape of Hollywood but, more important, to the world at large.
The Black Panther Party, the revolutionary organization founded in Oakland, Calif., a few months after T’Challa’s debut, was depicted in the media as a threatening and radical group with goals that differed dramatically from the more pacifist vision of civil rights leaders like Martin Luther King Jr. and Lewis. Marvel even briefly changed the character’s name to Black Leopard because of the inevitable association with the Panthers, but soon reverted. For some viewers, “Black Panther” may have undeservedly sinister connotations, but the 2018 film reclaims the symbol to be celebrated by all as an avatar for change.
The urgency for change is partly what Carmichael was trying to express in the summer of ’66, and the powers that be needed to listen. It’s still true in 2018.
Moviegoers first encountered Boseman’s T’Challa in Marvel’s 2016 ensemble hit Captain America: Civil War, and he instantly cut a striking figure in his sleek vibranium suit. As Black Panther opens, with T’Challa grieving the death of his father and coming to grips with his sudden ascension to the Wakandan throne, it’s clear that our hero’s royal upbringing has kept him sheltered from the realities of how systemic racism has touched just about every black life across the globe.
The comic, especially in its most recent incarnations as rendered by the writers Ta-Nehisi Coates and Roxane Gay, has worked to expunge Euro­centric misconceptions of Africa—and the film’s imagery and thematic material follow suit. “People often ask, ‘What is Black Panther? What is his power?’ And they have a misconception that he only has power through his suit,” says Boseman. “The character is existing with power inside power.”
Coogler says that Black Panther, like his previous films—including the police-brutality drama Fruitvale Station and his innovative Rocky sequel Creed—explores issues of identity. “That’s something I’ve always struggled with as a person,” says the director. “Like the first time that I found out I was black.” He’s talking less about an epidermal self-awareness than about learning how white society views his black skin. “Not just identity, but names. ‘Who are you?’ is a question that comes up a lot in this film. T’Challa knows exactly who he is. The antagonist in this film has many names.”
That villain comes in the form of Erik “Killmonger” Stevens, a former black-ops soldier with Wakandan ties who seeks to both outwit and beat down T’Challa for the crown. As played by a scene-­stealing Michael B. Jordan, Killmonger’s motivations illuminate thorny questions about how black people worldwide should best use their power.
In the movie, Killmonger is, like Coogler, a native of Oakland. By exploring the disparate experiences of Africans and African Americans, Coogler shines a bright light on the psychic scars of slavery’s legacy and how black Americans endure the real-life consequences of it in the present day. Killmonger’s perspective is rendered in full; his rage over how he and other black people across the world have been disenfranchised and disempowered is justifiable.
Coogler, who co-wrote the screenplay with Joe Robert Cole, also includes another important antagonist from the comics: the dastardly and bigoted Ulysses Klaue (Andy Serkis). “What I love about this experience is that it could have been the idea of black exploitation: he’s gonna fight Klaue, he’s gonna go after the white man and that’s it—that’s the enemy,” Boseman says. He recognizes that some fans will take issue with a black male villain fighting black protagonists. Killmonger fights not only T’Challa, but also warrior women like the spy Nakia (Nyong’o), Okoye (Danai Gurira) and the rest of the Dora Milaje, T’Challa’s all-female royal guards. Killmonger and Shuri (Letitia Wright), T’Challa’s quippy tech-genius sister, also face off.
T’Challa and Killmonger are mirror images, separated only by the accident of where they were born. “What they don’t realize,” Boseman says, “is that the greatest conflict you will ever face will be the conflict with yourself.”
Both T’Challa and Killmonger had to be compelling in order for the movie to succeed. “Obviously, the superhero is who puts you in the seat,” Coogler says.
“That’s who you want to see come out on top. But I’ll be damned if the villains ain’t cool too. They have to be able to stand up to the hero, and have you saying, ‘Man, I don’t know if the hero’s going to make it out of this.’”
“If you don’t have that,” Boseman says, “you don’t have a movie.”
On set, Coogler works with star Gurira. “Black Panther is about a guy who works with his family and is responsible for a whole country,” he says. “That responsibility doesn’t turn off.”
This is not just a movie about a black superhero; it’s very much a black movie. It carries a weight that neither Thor nor Captain America could lift: serving a black audience that has long gone under­represented. For so long, films that depict a reality where whiteness isn’t the default have been ghettoized, marketed largely to audiences of color as niche entertainment, instead of as part of the mainstream. Think of Tyler Perry’s Madea movies, Malcolm D. Lee’s surprise 1999 hit The Best Man or the Barbershop franchise that launched in 2002. But over the past year, the success of films including Get Out and Girls Trip have done even bigger business at the box office, led to commercial acclaim and minted new stars like Kaluuya and Tiffany Haddish. Those two hits have only bolstered an argument that has persisted since well before Spike Lee made his debut: black films with black themes and black stars can and should be marketed like any other. No one talks about Woody Allen and Wes Anderson movies as “white movies” to be marketed only to that audience.
Black Panther marks the biggest move yet in this wave: it’s both a black film and the newest entrant in the most bankable movie franchise in history. For a wary and risk-averse film business, led largely by white film executives who have been historically predisposed to greenlight projects featuring characters who look like them, Black Panther will offer proof that a depiction of a reality of something other than whiteness can make a ton of money.
The film’s positive reception—as of Feb. 6, the day initial reviews surfaced, it had a 100% rating on Rotten Tomatoes—bodes well for its commercial prospects. Variety predicted that it could threaten the Presidents’ Day weekend record of $152 million, set in 2016 by Deadpool.
Some of the film’s early success can be credited to Nate Moore, an African­-American executive producer in Marvel’s film division who has been vocal about the importance of including black characters in the Marvel universe. But beyond Wakanda, the questions of power and responsibility, it seems, are not only applicable to the characters in Black Panther. Once this film blows the doors off, as expected, Hollywood must do more to reckon with that issue than merely greenlight more black stories. It also needs more Nate Moores.
“I know people [in the entertainment industry] are going to see this and aspire to it,” Boseman says. “But this is also having people inside spaces—gatekeeper positions, people who can open doors and take that idea. How can this be done? How can we be represented in a way that is aspirational?”
Because Black Panther marks such an unprecedented moment that excitement for the film feels almost kinetic. Black Panther parties are being organized, pre- and post-film soirées for fans new and old. A video of young Atlanta students dancing in their classroom once they learned they were going to see the film together went viral in early February. Oscar winner Octavia Spencer announced on her Insta­gram account that she’ll be in Mississippi when Black Panther opens and that she plans to buy out a theater “in an underserved community there to ensure that all our brown children can see themselves as a superhero.”
Many civil rights pioneers and other trailblazing forebears have received lavish cinematic treatments, in films including Malcolm X, Selma and Hidden Figures. Jackie Robinson even portrayed himself onscreen. Fictional celluloid champions have included Virgil Tibbs, John Shaft and Foxy Brown. Lando, too. But Black Panther matters more, because he is our best chance for people of every color to see a black hero. That is its own kind of power.
Jamil Smith is a journalist born and raised in Cleveland, Ohio. He lives in Los Angeles.

The Stock Market Waves Goodbye to Easy Money - TIME Business

Posted:
The most important job of the chairman of the Federal Reserve is largely an intangible one: to instill confidence in money, markets and the economy. But as soon as Jerome Powell was sworn in on Feb. 5–indeed, before he was sworn in–confidence collapsed and took the stock market with it. The Dow Jones average plummeted 666 points on Feb. 2 and 1,175 points on Feb. 5–the largest point drop in its history–before stabilizing Feb. 6.
Practical-minded businesspeople may be tempted to dismiss these wild market gyrations the same way they dismiss Trump’s tweets–mere noise that obscures the music. After all, the fundamentals of the economy are good, earnings are strong, inflation and interest rates are low, so why worry?
But there’s probably a signal in there somewhere. Yes, algorithmic trading of volatility-related derivatives had a lot to do with the market’s roller-coaster ride. But so did legitimate uncertainty about the future.
For the past decade, the world has been awash in easy money–the result of an unprecedented experiment in monetary policy. As the flood recedes, rocks will emerge. To quote Warren Buffett, “You only learn who has been swimming naked when the tide goes out.”
There was no great harm done in the recent swoon. Market indexes ended up close to where they had been when the year began. But Powell, and the rest of us, should consider this a warning. There will be rough swimming ahead.

This appears in the February 19, 2018 issue of TIME.

Chinese stocks crushed as 'bulls kill bulls' in exit stampede - reuters

FEBRUARY 9, 2018 / 7:57 PM / UPDATED 43 MINUTES AGO
Chinese stocks crushed as 'bulls kill bulls' in exit stampede
John Ruwitch, Samuel Shen
SHANGHAI (Reuters) - Chinese stocks suffered their worst day in almost two years on Friday, with blue-chip led carnage dragging the markets into correction territory after steep falls overnight in U.S. stocks.
The benchmark Shanghai Composite Index tumbled 4.0 percent and the blue-chip CSI300 ended the day down 4.3 percent. At one point, both were down more than 6 percent.
It was the biggest single-day dive for the two since February 2016, when the fallout from a botched attempt to introduce a circuit-breaker mechanism after a market meltdown was still rattling investors.
Hong Kong shares, meanwhile, slumped to their biggest weekly loss since the global financial crisis.
“It’s bulls killing bulls”, said hedge fund manager Gu Weiyong about the stampede out of stocks by once-bullish investors.
“If 10-year, risk-free rates keep climbing toward 5 percent, stocks with earnings multiples of 30 or more will become increasingly expensive, so they’re getting dumped by institutional investors,” said Gu, Shanghai-based chief investment officer at Ucom Investment Co.
Chinese government bonds held steady. The price of the most-traded China 10-year treasury futures for March delivery was basically flat.
The yuan weakened against the dollar in thin volume, and the Chinese currency was on track for its first weekly loss in nine weeks.
Hong Kong’s benchmark Hang Seng Index fell 3.1 percent while the sub-index tracking mainland Chinese companies shed 3.9 percent. The Hang Seng was down 9.5 percent for the week, its biggest weekly loss since October 2008.
All sectors fell on mainland and Hong Kong bourses, led by financial and property shares.
The SSE50, which tracks the 50 most representative blue-chips in Shanghai, fell 4.6 percent. It soared 25 percent in 2017.
Analysts and market participants attributed the swoon to a cocktail of factors - margin calls, high valuations, the government’s deleveraging program and jittery investors cashing out before long Lunar New Year holidays starting next week.
“Valuations on the A-share market are not cheap, considering tight liquidity conditions amid Beijing’s deleveraging efforts,” said Yang Weixiao, an analyst with Founder Securities.
Margin lending, wherein investors can multiply investable funds by using their securities as collateral, had dropped to a more than one-month low. Reuters data showed roughly 50 billion yuan in leveraged bets had been unwound this month.
Frank Benzimra, head of Asia equity strategy at Societe Generale in Hong Kong, said Chinese shares were mostly dragged down by the U.S. correction but he had China-specific worries.
He cited “valuations on China-consumer related industries and execution risks on deleveraging (more specifically financial deleveraging)”.
In the past, China’s government has sometimes moved to prop up falling stock markets, but a hedge fund manager said that was unlikely this time.
“The bet on blue-chips was getting too concentrated, so a big correction was just a matter of time,” he said.
Ucom’s Gu said he saw no evidence the government was stepping in to stem the slide this week, the CSI300’s worst since August 2015.
China’s five state-backed mutual funds, launched during the 2015 stock market crash, cut their equity holdings in the fourth quarter.
China’s central bank said on Friday it has released temporary liquidity worth almost 2 trillion yuan ($316.23 billion) to satisfy cash demand before the Lunar New Year holiday.
Some worries over the health of the world’s second biggest economy also resurfaced, as China’s producer and consumer inflation eased in January.
On Thursday, Reuters reported that China had approved licenses for an outbound investment scheme known as the Qualified Domestic Limited Partnership (QDLP) plan for the first time since late 2015.
The scheme would reopen a channel for Chinese money to invest abroad, potentially adding to liquidity concerns in Chinese markets.
Additional reporting by Samuel Shen in Shanghai, Michelle Chen in Hong Kong and Vidya Ranganathan in Singapore; Editing by Richard Borsuk

NYPD ignored more than 1,500 federal requests to detain immigrants last year, official says - Fox News

8/2/2018
NYPD ignored more than 1,500 federal requests to detain immigrants last year, official says
By Samuel Chamberlain | Fox News
NYPD officers ordered to limit cooperation with ICE
Retired NYPD Lieutenant Joe Cardinale says the move by Mayor Bill de Blasio makes citizens less safe.
New York City police ignored all 1,526 requests from federal Immigration and Customs Enforcement (ICE) to detain undocumented immigrants for up to 48 hours last year, a top NYPD official said Wednesday.
The Daily News reported that Oleg Chernyavsky, the NYPD's legislative affairs director, revealed the numbers at a City Council meeting.
The number of requests for 2017 was nearly 20 times higher than the 80 the department received over the previous year. Chernyavsky said the department responded to just two of ICE's 2016 requests because those immigrants had federal arrest warrants.
Under New York City law, prisoners can only be handed over to ICE if they've been convicted of one of 170 crimes and federal officials present a warrant.
@ICEgov
ICE recently arrested 9 in New York who were illegally in the U.S. All were released from NYPD custody with active detainers in place, and had pending criminal charges.
5:27 AM - Feb 8, 2018
Chernyavsky said the police response to ICE requests "speaks volumes to our intent as a city. ... It's important for victims of crimes, irrespective of their immigration status, to trust their police and to come forward and inform their police."
8 Feb
@ICEgov
Replying to @ICEgov
ICE Field Office Director Thomas Decker: "The release of criminal aliens back on New York City streets continues to pose a dangerous risk to our communities ...
@ICEgov
(cont) "As Acting ICE Director Thomas Homan has made clear, ICE will continue to dedicate more resources to conduct at-large arrests to ensure the safety of the law-abiding citizens of these communities. "
5:27 AM - Feb 8, 2018
ICE responded by slamming New York City law enforcement in a series of tweets while the council meeting was taking place.
But one mayoral official accused the agency of "overbroad enforcement."
"The people they’re seeking are essentially anybody," said Bitta Mostofi, acting commissioner of the Mayor’s Office of Immigrant Affairs, "regardless of the nature of the crime."