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Investopedia
Now Might Be The Time To Shine For The 'S&P 493,' BofA Says
~1.4 mins read
After July's stumble by the Magnificent Seven mega-capitalization tech stocks that accounted for most of the market's first-half gains, investors may be itching to branch out from the group. For that, they may want to consider the “S&P 493," according to Bank of America Securities.
That in effect means the equal-weighted S&P 500, in which the Magnificent Seven have much less influence over the index. Measured that way, the index trades near its steepest discount relative to the capitalization-weighted index since the height of the tech bubble in the early 2000s.
The equal-weighted index’s forward price-to-earnings ratio is about 80% that of the cap-weighted standard, according to a Wednesday BofA research note. The discount would be even larger if tech mega-caps hadn’t led the market pullback throughout July and early August.
The gap is in part due to rebounding corporate earnings. Excluding the Mag Seven, the S&P 500 was, as of Wednesday, on track to grow second-quarter earnings by 8%, its first quarter of growth since 2022. 
Earnings growth accounted for about 10 percentage points of the S&P 500’s 12% year-to-date return, according to BofA analysts in the Wednesday note. Multiple expansion, by their estimate, has added just 2 percentage points. 
Meanwhile, the small-cap S&P 600 hasn’t grown earnings since the end of 2022 and isn’t expected to do so this quarter. Plus, the analysts added, “rising recession concerns hit small-caps harder if history is a guide.”
The Russell 2000 earlier this month surged 10% in a week after a soft inflation report boosted confidence the Federal Reserve would cut interest rates in the fall, sparking a rotation out of mega-cap tech stocks into rate-sensitive small caps. Those gains were erased in early August when soft labor-market data raised concerns about the health of the U.S. economy.
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Instablog9ja
Economic Hardship: An Influencer Writes About The Current Realities Faced By Some Nigerian Parents And Their Children
~0.3 mins read
An influencer has written about the current realities faced by some Nigerian parents and their children.
He said 500 Naira is now the minimum parents give their children to go to school with daily if the school is close by. If it’s far, 1000 Naira. If the child doesn’t eat before leaving home in the morning, 1500, he used to collect 70 Naira to run the entire day.

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Healthwatch
Lead Poisoning: What Parents Should Know And Do
~4.2 mins read
Peeling pieces of paint arranged to spell the word lead; concept is lead poisoning
You may have heard recent news reports about a company that knowingly sold defective lead testing machines that tested tens of thousands of children between 2013 and 2017. Or wondered about lead in tap water after the widely reported problems with lead-contaminated water in Flint, Michigan. Reports like these are reminders that parents need to be aware of lead — and do everything they can to keep their children safe.

How is lead a danger to health?

Lead is poisonous to the brain and nervous system, even in small amounts. There really is no safe level of lead in the blood. We particularly worry about children under the age of 6. Not only are their brains actively developing, but young children commonly touch lots of things — and put their hands in their mouths. Children who are exposed to lead can have problems with learning, understanding, and behavior that may be permanent.

How do children get exposed to lead?

In the US, lead used to be far more ubiquitous than it is now, particularly in paint and gas. Yet children can be exposed to lead in many ways.
  • Lead paint. In houses built before 1978, lead paint can sometimes be under other paint, and is most commonly found on windowsills or around doors. If there is peeling paint, children can sometimes ingest it. Dust from old paint can land on the floor or other surfaces that children touch with their hands (and then put their hands in their mouths). If there was ever lead paint on the outside of a house, it can sometimes be in the dirt around a house.
  • Leaded gas. While leaded gas was outlawed in 1996, its use is still allowed in aircraft, farm equipment, racing cars, and marine engines.
  • Water passing through lead pipes. Lead can be found in the water of older houses that have lead pipes.
  • Other sources. Lead can also be found in some imported toys, candles, jewelry, and traditional medicines. Some parents may have exposure at work or through hobbies and bring it home on their hands or clothing. Examples include working in demolition of older houses, making things using lead solder, or having exposure to lead bullets at a firing range.
  • What can parents do to protect children from lead?

    First, know about possible exposures.
  • If you have an older home, get it inspected for lead if you haven't done so already. (If you rent, federal law requires landlords to disclose known lead-based paint hazards when you sign a lease.) Inspection is particularly important if you are planning renovations, which often create dust and debris that increase the risk of exposure. Your local health department can give you information about how to do this testing. If there is lead in your home, don't try to remove it yourself! It needs to be done carefully, by a qualified professional, to be safe.
  • Talk to your local health department about getting the water in your house tested. Even if your house is new, there can sometimes be older pipes in the water system. Using a water filter and taking other steps can reduce or eliminate lead in tap water.
  • If you have an older home and live in an urban area, there can be lead in the soil. You may want to have the soil around your house tested for lead. Don't let your child play in bare soil, and be sure they take off their shoes before coming in the house and wash their hands after being outside.
  • Learn about lead in foods, cosmetics, and traditional medications.
  • Learn about lead in toys, jewelry, and plastics (yet another reason to limit your child's exposure to plastic).
  • Second, talk to your pediatrician about whether your child should have a blood test to check for lead poisoning. The American Academy of Pediatrics recommends:
  • Assessing young children for risk of exposure at all checkups between 6 months and 6 years of age, and
  • Testing children if a risk is identified, particularly at 12 and 24 months. Living in an old home, or in a community with lots of older homes, counts as a risk. Given that low levels of lead exposure that can lead to lifelong problems do not cause symptoms, it's always better to be safe than sorry. If there is any chance that your child might have an exposure, get them tested.
  • How is childhood lead exposure treated?

    If your child is found to have lead in their blood, the most important next step is to figure out the exposure — and get rid of it. Once the child is no longer exposed, the lead level will go down, although it does so slowly.
    Iron deficiency makes the body more vulnerable to lead poisoning. If your child has an iron deficiency it should be treated, but usually medications aren't used unless lead levels are very high. In those cases, special medications called chelators are used to help pull the lead out of the blood.
    For more information, visit the Centers for Disease Control and Prevention website on lead poisoning prevention.
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    Worldnews
    Kremlin Critic Decried For Racist Rant On Minorities Fighting For Russia
    ~4.2 mins read
    Vladimir Kara-Murza has suggested ethnic minority troops find it ‘easier’ to carry out fatal attacks in Ukraine. Kyiv, Ukraine – Vladimir Kara-Murza barely survived two suspected poisonings in 2015 and 2017 that he claimed were orchestrated by the Kremlin. The bearded, balding 43-year-old may not be as outspoken as opposition leader Alexey Navalny, who nearly died of similar nerve agent poisoning in 2020. But Kara-Murza, a Cambridge-educated historian, has been instrumental in convincing Western governments to slap personal sanctions on dozens of Russian officials. In 2023, a Moscow court sentenced him to 25 years in jail for “treason” and while behind bars, he won a Pulitzer Prize for his columns for The Washington Post. Released last year as part of a prisoner swap, Kara-Murza settled in Germany and continued his advocacy work against Russian President Vladimir Putin’s government and Moscow’s war in Ukraine. But last week, Kara-Murza’s remarks about the ethnic identity and alleged bloodthirst of Russian servicemen rattled many on both sides of Europe’s hottest armed conflict. “As it turns out, [ethnic] Russians find it psychologically difficult to kill Ukrainians,” Kara-Murza told the French Senate on Thursday while explaining why Russia’s Ministry of Defence enlists ethnic minorities. “Because [ethnic Russians and Ukrainians] are the same, we’re similar people, we have an almost similar language, same religion, hundreds and hundreds of years of common history,” said Kara-Murza. Russians and Ukrainians are ethnic Slavs whose statehood dates back to Kyivan Rus, medieval Eastern Europe’s largest state torn apart by Mongols, Poles and Lithuanians. “But to someone who belongs to another culture, it is allegedly easier” to kill Ukrainians, Kara-Murza added. His remarks made observers and Indigenous rights advocates flinch and fume. A former Russian diplomat said “measuring the degree of one’s cruelty by their ethnicity is a dead end.” The Kremlin does not specifically “recruit minorities, they recruit people from the poorest regions, and those are, as a rule, ethnic autonomies”, Boris Bondarev, who quit his Ministry of Foreign Affairs job in protest against Russia’s 2022 full-scale invasion of Ukraine, told Al Jazeera. “Only a dull man could say that in the war’s fourth year in a multiethnic society,” said Indigenous peoples activist Dmitry Berezhkov, of the Itelmen nation on Russia’s Pacific peninsula of Kamchatka. Russian liberal opposition figures, mostly middle-class urbanites, “drown as soon as they tread on the thin ice” of ethnic minority issues, he added. Ethnic Russians constitute more than two-thirds of Russia’s population of 143 million. The rest are minorities – from millions of ethnic Ukrainians and Tatars to smaller Indigenous groups in Siberia and the Arctic that have regional autonomy, albeit mostly nominal. Even in regions rich in hydrocarbons, rare earths or diamonds, the minorities live in rural, often inhospitable areas, co-existing and mingling with ethnic Russians. They all rely on Kremlin-funded television networks more than urban dwellers, often have no internet access and see the sign-up bonuses and salaries of servicemen fighting in Ukraine as a ticket out of the dire poverty their families live in. Recruits receive up to $50,000 when they sign up, and earn several thousand dollars a month – a fortune for anyone from those regions irrespective of their ethnic background. “This is colossal money for them, they will never earn it in their lives, no matter whether they are Buryat or Russian,” Bondarev said. In response to a squall of criticism, Kara-Murza wrote on Facebook on Monday that the accusations were mere “lies, manipulations and slander”. To Berezhkov, the comment further tainted Kara-Murza’s image. “In the past, [Kara-Murza’s words] could be seen as a mistake – but now, they are his position,” he said. To another minority rights advocate, Kara-Murza’s diatribe sounded like a “signal for future voters” in the post-war, liberal Russia that exiled Kremlin critics hope to return to. Oyumaa Dongak, who fled Tyva, a Turkic-speaking province that borders China, thinks Kara-Murza and other exiled Russian opposition leaders are “competing” with Putin. “It’s not him, it’s us who defend [ethnic] Russians,” she told Al Jazeera. In 2024, Kara-Murza said Western sanctions imposed on Moscow after the 2022 invasion are “unfair and counterproductive” and hurt Russians at large. He wanted the West to lift wider sanctions and instead target individual officials. A Ukrainian observer said Kara-Murza does not want ethnic Russians who can potentially vote for now-exiled opposition leaders to feel collective guilt for the atrocities committed in Ukraine. “People don’t feel guilty. If you club them in the head with moral condemnation every day, people will not admit their guilt but will hate anyone who clubs them,” Kyiv-based analyst Vyacheslav Likhachyov told Al Jazeera. “That’s why the tales about the atrocities of Chechen executioners and Buryat rapists are and will be popular,” he said. Fighters deployed by Chechnya’s pro-Kremlin leader Ramzan Kadyrov were dubbed a “TikTok army” for staged videos of them “storming” Ukrainian strongholds. Their actual role in the war is mostly reduced to guarding occupied areas, terrifying and torturing ethnic Russian servicemen who refuse to fight. But Buryats, Buddhist natives of a scarcely populated and impoverished region near Mongolia, have become notorious in Ukraine in 2022. Human rights groups and Ukrainian officials identified personal details of some Buryat soldiers that tortured, raped and killed civilians in Bucha and other towns north of Kyiv. But as ethnic Buryats are hard to distinguish from other minority servicemen with distinctly Asian features, Ukrainians often label them all “Buryats”, a community activist said. “All Caucasus natives are seen as Chechens, and all Asians are considered Buryats,” Aleksandra Garmazhapova, who helps Buryat men escape mobilisation and flee abroad, told Al Jazeera. However, the overwhelming majority of servicemen who committed alleged war crimes in Bucha were reportedly ethnic Russians. Garmazhapova survived because Ukrainian forces started shelling Russian positions, and his captors fled to a basement. “Slavs, Slavs, they were all Slavs,” Viktor, a Bucha resident who was doused with fuel by Russian servicemen who placed bets on how far he would run once they set him on fire, told Al Jazeera in 2022, just days after his ordeal. Follow Al Jazeera English:...
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