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The Average Time Until A Great Civilization Collapses Is 336 Years, And The U.S. Is Now 242 Years Old

Every great civilization throughout human history has eventually collapsed, and if we want to have any hope of escaping the same fate, we need to be willing to learn some lessons from the past. 

Because many of the same factors that caused the collapse of previous civilizations are weighing very heavily on the United States of America today.  According to the BBC, the average lifespan of a great civilization is 336 years from beginning to end.  But that doesn’t mean that America will make it that long.  Our nation is currently 242 years old, and there are signs of advanced social decay all around us.  If we remain on the road that we are currently on, there are many that believe that complete and utter collapse is not too far away.

Ultimately, what does a “society” consist of?

According to Luke Kemp of the University of Cambridge, societies are “just complex systems composed of people and technology”…

Societies of the past and present are just complex systems composed of people and technology. The theory of “normal accidents” suggests that complex technological systems regularly give way to failure. So collapse may be a normal phenomenon for civilisations, regardless of their size and stage.

We may be more technologically advanced now. But this gives little ground to believe that we are immune to the threats that undid our ancestors. Our newfound technological abilities even bring new, unprecedented challenges to the mix.

It is not easy to keep an extremely complex society running, and there have been so many factors that have played a role in collapsing previous civilizations.  War, natural disasters, environmental shifts, social degradation, economic problems and disease are just a few examples.


A new report on travel and credit score in China reveals the extent of tyranny on the Chinese people in 2018. Paul Joseph Watson discusses the future for the west if we surrender to Big Brother.

And as Kemp has pointed out, sometimes societies simply collapse “under the weight of their own accumulated complexity and bureaucracy”

Collapse expert and historian Joseph Tainter has proposed that societies eventually collapse under the weight of their own accumulated complexity and bureaucracy. Societies are problem-solving collectives that grow in complexity in order to overcome new issues. However, the returns from complexity eventually reach a point of diminishing returns. After this point, collapse will eventually ensue.

Even if America wasn’t deteriorating in so many other areas, would our nation eventually collapse under the weight of our own bureaucracy as well?  We have the biggest government in the history of the world, and when you total up all levels of government we literally have millions of laws, rules and regulations governing our lives today.  It is a horrible system, and it is definitely not what our founders intended.  To me, it makes sense that someday it could ultimately collapse as people simply stop believing in it.

In order for a civilization to function smoothly, there must be something that bonds it together.  When the United States was originally established, we were united by a common set of values, but that is no longer true.

Today, America is more divided than it has been in my entire lifetime, and one of the biggest reasons is because there is no agreement about what our values should be.

Personally, I am a strong advocate for returning to the values that our nation was founded upon, and Mac Slavo echoed this sentiment in one of his recent articles

We now have the unique advantage of being able to learn from the wreckages of societies past, but instead of doing so and freeing mankind from government, many who are enslaved continue to push for shorter chains, more violence, control, domination, and theft by the ruling class – not just of themselves, but of all others too. Collapse is imminent in our opinion, as those in control will not willingly give up their stranglehold over the tax cattle slaves.

Unfortunately, many in our society want us to go in the exact opposite direction.

As a result, the fabric of our society is literally coming apart at the seams, and this is something that Jim Quinn commented on in one of his recent articles

Our society is now infinitely more materialistic, narcissistic, and greedy than it was in the 1950s. Moral degeneration has reached new lows, unthinkable during the relatively innocent 1950s. But the common theme is human failings, foibles, and fallacies. Whatever a culture values you get more of. Our culture values achievement, wealth and power, at any cost.

To illustrate his point, Quinn lamented the growing power that “social media influencers” now have in our society

Rather than make up our own minds about what we like, what we wear, where we eat, or what entertainment we enjoy, we need to be influenced into our decisions by famous people who are famous for being famous. These “influencers” generate their influential power through the number of social media followers they have accumulated by posting pictures of themselves in their underwear, leaked sex tapes, nude selfies, or generally being attractive.

Most of them are low IQ mouth breathers who can’t do basic math or write a comprehensible paragraph. But those 36DD breasts and pouty lips classify them as a grade A influencer. I can’t decide whether these narcissistic icons are more pathetic or the feeble-minded wretches who are actually influenced by these vacuous bimbos. Moral degeneration of society seems to have reached a new low.

We truly are becoming a real-life version of “Idiocracy”, and it is getting worse with each passing day.

But I can think of no better example of the decline of our society than Jussie Smollett.

Here is a guy that seemingly had everything.  He was on a hit show, he had lots of money and he had hordes of devoted fans that loved him.

But he threw it all away because he believed that he was entitled to more, and he was willing to do anything to get it.

Apparently he was not happy that he was making just $65,000 an episode, and so he created one of the most despicable hoaxes in American history in a desperate attempt to get his salary raised.

Piers Morgan has described him as “the most hideous, reprehensible, disgusting, snivelling little liar in America”, and I think that is about right.

But you know what?

He represents the true state of our society better than anyone else that I know.  Just like Smollett, we continue to insist that we are “the good guys”, but in reality our nation has become a cesspool of just about every sort of evil that you can possibly imagine.

If we will change our ways and return to the values that the first Americans embraced, we could turn things around.

But if we continue doing the things that we are currently doing, collapse is inevitable.

And it can happen very quickly.  In 390 AD, the Roman Empire covered nearly 2 million square miles and it seemed unstoppable.

But by 476 AD it was gone.

As many have said, if we do not learn from history we are doomed to repeat it.

Please wake up America.

Source: InfoWars

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How to Silence Debate, New Zealand Edition

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Rep. Ilhan Omar, D-Minn., has unleashed a barrage of openly anti-Semitic commentary. She suggested that Israel had "hypnotized the world." She recently suggested that Jewish money lay behind American support for Israel. Finally, she suggested that American Israel supporters are representatives of dual loyalty. Her fellow Democrats shielded her from blowback by subsuming a resolution that condemns her anti-Semitism within a broader resolution that condemns intolerance of all types. Many of them suggested that labeling Omar's anti-Semitism actually represents a type of censorship -- an attempt to quash debate about Israel, though none of Omar's comments even critiqued the Israeli government, and though many on the left have made anti-Israel arguments without invoking anti-Semitism.

Now Omar's defenders have come out of the woodwork to suggest that criticism of her anti-Semitism was somehow responsible for the white supremacist shooting of 50 innocent people in a mosque in Christchurch, New Zealand. Two protesters, New York University students and best friends Leen Dweik and Rose Asaf, confronted Chelsea Clinton, who had gently chided Omar for her Jew hatred. "After all that you have done, all the Islamophobia that you have stoked," Dweik screamed, "this, right here, is the result of a massacre stoked by people like you and the words you put out in the world. ... Forty-nine people died because of the rhetoric you put out there." Dweik, it should be noted, has called for the complete elimination of Israel.

Her message was parroted by terror supporter Linda Sarsour, who tweeted: "I am triggered by those who piled on Representative Ilhan Omar and incited a hate mob against her until she got assassination threats now giving condolences to our community. What we need you to do is reflect on how you contribute to islamophobia and stop doing that."

Meanwhile, mainstream commentators attempted to use the New Zealand anti-Muslim terror attack to blame critics of radical Islam. Omer Aziz, writing for The New York Times, slammed Jordan Peterson for calling Islamophobia "a word created by fascists" and Sam Harris for calling it "intellectual blood libel." Bill Maher has come in for similar criticism; so have I, mostly for a video I cut in 2014 in which I read off poll statistics from various Muslim countries on a variety of topics, concluding that a huge percentage of Muslims believed radical things.

Here's the truth: Radical Islam is dangerous. The Islamic world has a serious problem with radical Islam. And large swaths of the Muslim world are, in fact, hostile to Western views on matters ranging from freedom of speech to women's rights. To conflate that obvious truth with the desire to murder innocents in Christchurch is intellectual dishonesty of the highest sort. If we want more Muslims living in liberty and freedom, we must certainly demolish white supremacism -- and we must also demolish radical Islam, devotees of which were responsible for an estimated 84,000 deaths in 2017 alone, most of those victims Muslim.

And here's another truth: Anti-Semitism is ugly, whether it's coming from white supremacists or Ilhan Omar. Making that point has nothing to do with the killing of Muslims in Christchurch.

So long as the media continue to push the narrative that criticism of Islam is tantamount to incitement of murder, radical Islam will continue to flourish. So long as the media continue to cover for the dishonest argument that criticism of anti-Semitism forwards the goals of white supremacists, anti-Semitism will continue to flourish. Honest discussion about hard issues isn't incitement.

COPYRIGHT 2019 CREATORS.COM

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Report: More possible graves at shuttered reform school

A report says a company doing pollution cleanup at a shuttered Florida reform school may have found more graves of the nearly 100 boys estimated to have died there.

The Tampa Bay Times reports that Geosyntec told the Florida Department of Environmental Protection last month that a subcontractor using ground-penetrating radar found 27 so-called anomalies that could be unmarked graves near the Arthur G. Dozier School for Boys.

University of South Florida researchers have previously documented 55 graves near the school, though they estimate nearly 100 boys died there between 1900 and 1973. Permanently closed since 2011, the school is near Marianna, some 60 miles (96 kilometers) west of Tallahassee.

Gov. Ron DeSantis sent a letter Wednesday to Florida agencies directing them to work with local officials on the matter.

___

Information from: Tampa Bay Times (St. Petersburg, Fla.), http://www.tampabay.com.

Source: Fox News National

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Revenge Of The Sith: Dick Cheney Emerges To Blast ‘Isolationist’ Trump Admin

Darth Vader has returned.

Former Vice President Dick Cheney has slithered out from the darkness to complain that America is no longer involved in enough empire building wars for his liking.

In true Dick Cheney fashion, his appearance came at a private think tank retreat attended by just 150 Republicans that was supposed to be held under Chatham House rules.

However, someone leaked details to the Washington Post.

“We’re getting into a situation where our friends and allies around the world that we depend upon are going to lack confidence in us,” Cheney reportedly said at the American Enterprise Institute meeting at Sea Island, Georgia.

“I worry that the bottom line of that kind of an approach is we have an administration that looks a lot more like Barack Obama than Ronald Reagan,” Cheney added.

Cheney slammed President Trump, stating that he “supposedly doesn’t spend that much time with the intel people, or doesn’t agree with them, frequently,” and complained that Trump’s “foreign policy boils down to a crude dollars and cents transaction.”

This coming from the architect of the phony Iraq war intelligence, from which he benefited as an alumni of Halliburton to the tune of $39.5 billion in no-bid contracts over the course of a decade.

According to reports, Cheney grilled current VP Mike Pence, who was in attendance, regarding topics such as Trump’s use of Twitter and the President’s questioning of the usefulness of NATO.

Cheney also expressed opposition to Trump’s desire to pull American troops out of Syria.

Trump isn’t engaging in enough warmongering for Cheney’s liking.

Pence was reported to have responded to Cheney by quipping “Man, who wrote all these softball questions?”

The Internets responded swiftly:

Even ‘the resistance’ admitted that Cheney makes them like Trump and Pence:

Source: InfoWars

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Lawyer: US Navy veteran held in Iran sentenced to 10 years

A U.S. Navy veteran held in Iran, the first American known to be detained since President Donald Trump took office, has been sentenced to 10 years in prison, his lawyer said Saturday.

Mark Zaid told The Associated Press that Michael White was convicted on charges of insulting Iran's supreme leader and posting private information.

Zaid says he learned of the sentence from the State Department, which in turn learned of it from the Swiss government, which looks over American interests in Iran.

Iranian state media have not reported the sentence, which was first reported by The New York Times.

White, of Imperial Beach, California, went to Iran to see a girlfriend he met online and had booked a July 27 flight back home. He never returned.

Trump has pursued a maximalist campaign against Tehran that includes America's withdrawal from Iran's nuclear deal with world powers. Iran has in the past detained Westerners and dual nationals to use them as leverage in negotiations.

Source: Fox News National

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Police protection for German mayor threatened after killing

A mayor in Germany has been put under police protection after receiving threats following the killing of a young woman earlier this week.

Michael Kissel, mayor of the western city of Worms, had called for calm after the killing of the 21-year-old woman, whose body was found with several stab wounds Wednesday at her parents' home.

A 22-year-old Tunisian man she had been in a relationship with was arrested Thursday on suspicion of homicide.

The suspect's past conviction for theft and rejected asylum application prompted accusations on social media that authorities aren't doing enough to deport foreign criminals.

Friends and relatives of the victim are planning to hold a silent march in the woman's honor late Saturday.

Source: Fox News World

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NHL roundup: Killorn, Lightning crush Caps

NHL: Washington Capitals at Tampa Bay Lightning
Mar 16, 2019; Tampa, FL, USA; Tampa Bay Lightning left wing Alex Killorn (17) shoots as Washington Capitals goaltender Braden Holtby (70) makes a save during the third period at Amalie Arena. Mandatory Credit: Kim Klement-USA TODAY Sports

March 17, 2019

Alex Killorn recorded his first career hat trick, Tampa Bay set a franchise record for wins in a season, and the Lightning beat the visiting Washington Capitals 6-3 on Saturday in the first meeting this season between the Eastern Conference’s two division leaders.

The Lightning notched their 55th victory and became just the fourth team in NHL history to win 54 games or more in consecutive seasons.

Tyler Johnson, Erik Cernak and Yanni Gourde also tallied, and Nikita Kucherov notched two assists for the Lightning, who won their fourth straight. Andrei Vasilevskiy stopped 30 shots and won for the 13th time in his past 14 starts.

Alex Ovechkin had two goals, and John Carlson added a marker and an assist for Washington, which lost for just the third time in its past 15 games. Braden Holtby allowed four goals on 33 shots.

Oilers 3, Coyotes 2 (OT)

Connor McDavid scored his second goal of the game 58 seconds into overtime as Edmonton claimed a victory in Glendale, Ariz.

Mikka Koskinen made 28 saves for the Oilers, and Matthew Benning added a goal.

Alex Galchenyuk scored twice for Arizona. Coyotes goalie Darcy Kuemper stopped 22 shots.

Bruins 2, Blue Jackets 1 (OT)

Brad Marchand scored at 3:30 of overtime as Boston returned home and snapped a three-game losing streak with a victory over Columbus.

Patrice Bergeron also scored for Boston, and Jaroslav Halak made 24 saves. The Bruins put together a streak of 19 straight games with a point, the longest in the NHL this season, before going 0-3-0 on a three-game trip to Pittsburgh, Columbus and Winnipeg.

Matt Duchene scored the lone goal for the Blue Jackets, who had a two-game winning streak snapped. Columbus’ Joonas Korpisalo stopped 31 shots.

Blackhawks 2, Canadiens 0

Corey Crawford made a career-high 48 saves in his hometown as visiting Chicago won its fifth in a row, beating Montreal. Connor Murphy and Brendan Perlini were the goal-scorers, both on assists from Alex DeBrincat.

Crawford, who missed 28 games in the middle of the season due to concussion issues, posted his second shutout of 2018-19. He owns a 1.48 goals-against average during a five-game winning streak.

The Canadiens are 6-10-1 following an impressive 8-1-1 stretch.

Blues 5, Penguins 1

Vince Dunn scored twice, and Pat Maroon had a goal and an assist as St. Louis ended a three-game losing streak by winning at Pittsburgh.

Oskar Sundqvist and Jay Bouwmeester also scored, and Colton Parayko and Robert Thomas each had two assists for St. Louis, which built a 4-0 lead through the game’s first 23 minutes. Jordan Binnington made 40 saves and is 17-4-1 in his first 22 NHL starts.

Dominik Simon scored for the Penguins, who had won three straight and six of seven. Matt Murray stopped nine of 13 shots before being relieved by Casey DeSmith, who allowed one goal on 13 shots.

Red Wings 2, Islanders 1

Andreas Athanasiou scored a pair of goals as host Detroit snapped a four-game losing streak with a victory over New York.

Danny DeKeyser assisted on both goals, while Jonathan Bernier turned aside 41 shots. Detroit avenged a pair of one-goal losses to the Islanders earlier in the season.

Anders Lee scored the only goal for the Islanders, who had won their previous two games. Thomas Greiss made 20 saves for New York.

Panthers 4, Kings 3

Jonathan Huberdeau scored the go-ahead goal with 1:56 left in regulation to lead Florida over host Los Angeles.

Huberdeau also had a game-tying assist. Evgenii Dadonov scored twice and had an assist, Mike Hoffman added a goal, and Aleksander Barkov posted three helpers for the Panthers.

Dustin Brown and Anze Kopitar each had a goal and an assist, and Brendan Leipsic also tallied for the Kings, who are 2-11-4 in their past 17 games.

Jets 2, Flames 1

Mathieu Perreault’s second-period power-play goal held up as the winner as host Winnipeg held on for a win over Calgary in a clash of Western Conference division leaders.

Connor Hellebuyck made 27 saves, including 14 in the third period, to record the victory for Winnipeg, which has won two straight games. Hellebuyck had some good fortune, too, as the Flames’ Johnny Gaudreau twice rang shots off the post and Mark Jankowski drilled the crossbar — all in the opening frame.

Mark Scheifele gave the Jets a 1-0 lead in the first period, and Jankowski tied the game with a short-handed goal in the second period. Mike Smith stopped 19 shots for the Flames.

Senators 6, Maple Leafs 2

Magnus Paajarvi scored two consecutive goals during the second period as Ottawa beat visiting Toronto.

Cody Ceci added a goal and an assist, and Brian Gibbons, Anthony Duclair and Oscar Lindberg also scored for the Senators, who won their second straight. Zack Smith added three assists for the Senators.

Morgan Rielly and John Tavares scored for the Maple Leafs, who have allowed 23 goals while losing three of their past four games.

Hurricanes 4, Sabres 2

Rookie Andrei Svechnikov scored his third goal in three games as Carolina recorded its ninth straight win over Buffalo, prevailing in Raleigh, N.C.

Jordan Staal scored to notch his 500th career point, and Justin Williams and Lucas Wallmark also tallied for the Hurricanes, who improved to 8-2-1 in their past 11 contests. Curtis McElhinney finished with 35 saves.

Former Hurricanes forward Jeff Skinner matched his career high with his 37th goal, and Zemgus Girgensons also tallied for the Sabres, who have dropped seven in a row (0-6-1).

Wild 5, Rangers 2

Ryan Donato recorded his second career two-goal game as Minnesota snapped a three-game losing streak with a victory over New York in Saint Paul, Minn.

Eric Staal also scored for the Wild, who won for just the second time in their past 11 home games (2-6-3) since Jan. 19. Jared Spurgeon added a power-play goal, and J.T. Brown scored an empty-net tally for Minnesota.

Mika Zibanejad and Pavel Buchnevich scored for the Rangers, who went 0-3-1 on their four-game road trip. They lost their seventh straight road game and dropped to 2-6-5 in their past 13 games.

Predators 4, Sharks 2

Viktor Arvidsson scored twice, and Filip Forsberg added a goal and an assist as Nashville won at San Jose.

Colton Sissons also scored for the Predators, and goaltender Juuse Saros made 24 saves. Nashville won its second straight and remained a point behind Winnipeg, which beat Calgary 2-1 Saturday, in the chase for first place in the Central Division.

Timo Meier and Joe Thornton scored for the Sharks, and Martin Jones stopped 26 of 29 shots. The Sharks lost their second straight following a six-game winning streak.

–Field Level Media

Source: OANN

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

Source: OANN

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A remote controlled robot for the 'Isotopium: Chernobyl' game is seen at the game's location in Brovary
A remote controlled robot for the ‘Isotopium: Chernobyl’ game is seen at the game’s location in Brovary, Ukraine April 25, 2019. REUTERS/Valentyn Ogirenko

April 26, 2019

By Margaryta Chornokondratenko

KIEV (Reuters) – A Ukrainian computer game that brings to life a town abandoned after the Chernobyl nuclear disaster may not sound like everyone’s idea of fun but has attracted 60,000 people globally since its launch in October.

Players of “Isotopium: Chernobyl” drive tanks around the ghost town of Prypyat near Chernobyl, knocking out competitors as they search for an energy source called isotopium and collecting points every time they find some.

While the game takes its theme from the nuclear disaster at Chernobyl in northern Ukraine, which marked its 33rd anniversary on Friday, it was also inspired by the 2009 science fiction film “Avatar”.

Newcomers to the game think they have entered a virtual world when in fact they are controlling a real robot, equipped with a camera and computer, which makes its way around a model of the town rendered down to the tiniest detail.

“When playing our game, for the first 5-10 minutes many players don’t understand that it is not fictional,” said the game’s co-founder Sergey Beskrestnov. “They message us saying: ‘You have cool texture, you have good graphics, your designer is good, well done. You have a cool operating system.’

“People then reply: ‘It is not an operating system, it is real,’ and the player can’t believe it is real,” said Beskrestnov, speaking mid-game from Prypyat city square as he towers over surrounding five-storey buildings.

Kiev-born Beskrestnov was just 12 years old when on April 26, 1986 a botched test at the nuclear plant in the then Soviet Union sent clouds of smoldering nuclear material across large swathes of Europe, forced over 50,000 people, including Beskrestnov’s family, to evacuate and poisoned unknown numbers of workers involved in its clean-up.

Beskrestnov and his partner Alexey Fateyev used Google maps and hundreds of pictures from the Chernobyl area to recreate Prypyat landmarks, including residential buildings, a hotel, concert hall, amusement park and a stadium.

The game’s real-scale model occupies a 180 square meter (1,938 sq. ft) basement of a residential building in the Ukraine city of Brovary, just 150 km (93 miles) from the Chernobyl Exclusion Zone and 30 km east of Kiev.

Miniature radioactivity warning signs, graffiti on the walls of abandoned buildings and tables and chairs left scattered inside a small cafe all add to the creepy atmosphere of a once lively town.

“It’s a really neat concept …,” Shaun Prescott wrote in a review of the game published by PC Gamer magazine in January. “Controlling the tanks is kinda cumbersome, but they are tanks, after all.”

An attentive player will notice at least one inaccuracy – the real Chernobyl nuclear power plant is not located in town as it is in the game.

It costs $9 to immerse in the atmosphere of a post-apocalyptic town for an hour but only 20 people at a time can play simultaneously. Beskrestnov’s company, Remote Games, said 62,615 people around the world have registered to play the game, including around 15,000 in France and 10,000 in the United States.

A camera fixed on top of a moving tank broadcasts high quality signal in real time, allowing players from as far apart as Australia and Canada enjoy the game without facing any time delay in delivering video signals.

Its creators next ambition is to devise a game featuring the colonization of Mars in which 1,000 people will be able to simultaneously control robots on different missions involved in the operation.

“Many people advise us to contact Elon Musk directly because it resonates his dreams and ideas,” Beskrestnov jokes.    

(Editing by Susan Fenton)

Source: OANN

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FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California
FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – Initial optimism over first-quarter results from Starbucks Corp was waning fast on Wall Street on Friday, as analysts questioned the longer-term prospects of its new sales push given subdued overall customer traffic numbers especially in China.

The company on Thursday beat brokerage estimates for quarterly same-store sales on the back of demand for its new Cloud Macchiato, Matcha tea and cold brews in the United States.

However, BTIG’s Peter Saleh was one of a number of sector analysts who said while customers forking out for higher-priced new drinks had helped drive growth in same-store sales, “anemic” traffic at cafes remained a concern.

He and others pointed to a 1 percent decline in footfall at cafes in the Chinese market, viewed as crucial to the chain’s growth for the foreseeable future.

More broadly, transaction numbers, the substitute analysts use for customer traffic, were unchanged in all three of the company’s global regions.

Shares in the company, which hit a record high after the results on Thursday, fell 1 percent in morning trade.

“We remain cautious given near-term headwinds surrounding China, including cannibalization, increasing competition (and) a slowing economy,” Wedbush analyst Nick Setyan said.

Starbucks has also poured money into beefing up its delivery network in China as it battles with local startup Luckin Coffee, whose speedy growth led it to file for an IPO in the United States earlier this week.

New menu items and partnerships with delivery services, the heart of the company’s strategy to win back customers lost to artisanal coffee shops and cheaper fast-food rivals, did help Starbucks’ sales in its home market.

However, analysts said growth in China may continue to be subdued.

Wells Fargo analyst Bonnie Herzog said she expects store expansion in China to take priority over comparable sales growth.

She downgraded her rating on Starbucks’ to “market perform” from “outperform”, arguing that the company facing tough sales comparisons later on in 2019 from last year and the current rich valuation of shares meant the stock had limited room to rise.

“Investors will be hesitant to invest new money in a stock with a topline that, while still strong, is unlikely to meaningfully accelerate,” Herzog said.

Still, the company’s solid same-store growth in the United States, improving profit margins and a lower tax rate for the rest of the year led at least 6 Wall Street brokerages to raise their price targets on the stock to as high as $81.

11 of 29 brokerages rate Starbucks “buy” or higher, 17 “hold” and 1 “sell” or lower. Their median price target is $75.

(Reporting by Uday Sampath in Bengaluru)

Source: OANN

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