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Former Vice President Mike Pence and 107 other former world leaders on Tuesday signed a letter to President Joe Biden and his counterparts in Canada, the United Kingdom, and Europe calling on the West to adopt a tougher approach to Iran and support Iranian anti-government protesters demanding regime change.

The letter came after U.S. lawmakers last week expressed bipartisan support for the Iranian people demonstrating against their government and slammed Biden for in their view not having a coherent or comprehensive strategy toward Iran.

‘We believe it is time to hold the leadership of the Islamic Republic of Iran to account for its crimes,’ the letter states. ‘We urge your nations to stand with the Iranian people in their quest for change and to take decisive steps against the current regime. This includes blacklisting the Revolutionary Guards (IRGC) and holding regime officials accountable for their crimes against humanity.’

The IRGC is an Iranian military force designated by the U.S. as a terrorist organization.

The letter — addressed to Biden, the prime ministers of Canada and the U.K., and heads of state across Europe — condemns Iran’s ‘meddling’ in the Middle East and Europe, noting Iran has supplied Russia with lethal drones to use in Ukraine and attempted terrorist attacks on European soil.

Experts and U.S. officials have also accused Iran of being behind a wave of attempted assassinations against American citizens on U.S. soil, including senior figures in the former Trump administration.

As for Iran’s internal situation, the letter highlights how Iran notoriously executed thousands of political prisoners in 1988, when current Iranian President Ebrahim Raisi was part of a so-called ‘death committee’ that ordered several of the killings.

The world leaders also focus on ongoing nationwide anti-government street protests in Iran. The protests erupted across Iran in September when a young woman died in the custody of Iran’s so-called morality police, which had allegedly detained her for wearing a hijab, an Islamic head covering that’s mandatory for women in Iran, in an ‘improper’ way.

Since then, the protests have grown in scope and intensity, reaching all of Iran’s 31 provinces and nearly 300 cities, according to local reports and the organized Iranian resistance movement. Chants calling for the Iranian regime’s overthrow have been common at protests.

In response, the regime has violently cracked down on the demonstrations, during which hundreds of protesters have been killed and tens of thousands arrested, according to reports. Critics have also accused the regime of being involved in the recent poisoning of hundreds of school girls in the country. Iran has also increased its executions, most recently executing three protesters las week. The latter decisions triggered bipartisan outcry from U.S. lawmakers, including those on the Senate Foreign Relations Committee.

In Tuesday’s letter, the world leaders call on Biden and his counterparts to stand with the protesters in their bid to topple the current regime.

‘We encourage you to stand in solidarity with the people of Iran in their desire for a secular and democratic republic where no individual, regardless of religion or birthright, has any privilege over others,’ the letter states. ‘Through their slogans, the Iranian people have made it clear that they reject all forms of dictatorship, be it that of the deposed Shah or the current theocratic regime, and thus reject any association with either.’

The leaders also express support for the National Council of Resistance of Iran, a coalition of Iranian opposition group, and its leader, Maryam Rajavi, who has called for democratic change.

Beyond Pence, an outspoken supporter of the Iranian opposition movement, signatories of the letter included former British Prime Minister Liz Truss, former Canadian Prime Minister Stephen Harper, and two former European Commission presidents, among dozens of other ex-heads of state.

The letter came after last week the newly formed Iranian Women Congressional Caucus held its first joint meeting with the Iran Human Rights and Democracy Caucus — both bipartisan — to express support for the Iranian protesters.

‘We offer our unwavering commitment to advocating for freedom and the rights of women worldwide. This can transcend party lines and unite on issues of human rights,’ Rep. Nancy Mace, R-S.C., said at the event. ‘We must send a strong message that the international community stands in solidarity with Iranian women and will not tolerate the suppression of their rights.’

The event came two days after Biden administration officials gave a classified briefing on Iran to all 100 senators. After the briefing, several senators said they were dissatisfied with what they heard about the administration’s approach to Iran.

‘It’s been six months since President Biden declared the [Iran nuclear deal] ‘dead’ and we’re still no closer to a more comprehensive Iran policy,’ Sen. Jim Risch, R-Idaho, ranking member of the Senate Foreign Relations Committee, said in a statement after the briefing. ‘Strategic ambiguity on Iran policy only serves to embolden the regime and push our partners closer to China. As Iran continues to illegally seize vessels, target Americans in the region, and support its terror proxies and the Russian invasion of Ukraine, Americans deserve a policy that is more than a failed nuclear negotiation.’

Sen. Josh Hawley, R-Mo., expressed similar concerns when speaking to reporters immediately after the briefing.

‘Based on what I heard for the last 40 minutes, they [the Biden administration] don’t really have much to say on the topic [of Iran],’ said Hawley. ‘I didn’t think it was a particularly useful briefing. I don’t know if they really have a coherent strategy. If there is one, I didn’t hear it … We didn’t learn anything new or remotely classified.’

The White House didn’t respond to a request for comment for this story.

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Internal Revenue Service Commissioner Daniel Werfel denied intervening to retaliate against whistleblowers in connection with the Hunter Biden complaint, according to a letter he sent to the majority and minority on the House Ways and Means Committee.

Fox News obtained the letter sent by Werfel on May 17, in which he responded to concerns that whistleblowers may have faced retaliation for voicing concerns in the probe into Hunter Biden.

‘I want to state unequivocally that I have not intervened – and will not intervene – in any way that would impact the status of any whistleblower,’ Werfel said. 

However, the letter states that the particular whistleblower referenced by Rep. Jason Smith, R-Mo., in their initial letter experienced a change in work assignment at the direction of the Department of Justice.

‘The IRS whistleblower you reference alleges that the change in their work assignment came at the direction of the Department of Justice. As a general matter and not in reference to any specific case, I believe it is important to emphasize that in any matter involving federal judicial proceedings, the IRS follows the direction of the Justice Department,’ Werfel wrote in the letter.

In response to the May 16 letter sent by Smith, the IRS commissioner said that he contacted Treasury Inspector General for Tax Administration to learn more, but isn’t able to share particular details on the matter.

‘When I first learned of the allegations of retaliation referenced in your letter and in media reports on May 16, 2023, I contacted the Treasury Inspector General for Tax Administration (TIGTA). In light of laws and policies designed to protect the integrity of pending proceedings, I am unable to provide details on this matter,’ Werfel wrote.

‘TIGTA confirmed that my role as Commissioner in any whistleblower proceeding is not an investigative one. When an IRS employee raises allegations of this kind, the Commissioner’s office does not run an investigation, seek the identity of the whistleblower, or similarly intervene; instead, the Inspector General serves as a critical guardian of the whistleblower process and conducts relevant inquiries into the matter,’ he added.

Attorneys for one IRS whistleblower told Congress earlier that the entire team that the individual was in charge of have been removed from the Hunter Biden probe.

The attorneys told Congress that the removal was based on the Department of Justice’s order.

‘Today the Internal Revenue Service (IRS) Criminal Supervisory Special Agent we represent was informed that he and his entire investigative team are being removed from the ongoing and sensitive investigation of the high-profile, controversial subject about which our client sought to make whistleblower disclosures to Congress,’ the letter states.

‘He was informed the change was at the request of the Department of Justice,’ attorneys Mark Lytle and Tristan Leavitt wrote.

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The special counsel investigating former President Trump’s alleged improper retention of classified records at Mar-a-Lago is working to wrap up his probe, a source familiar with the investigation told Fox News Digital.

The source told Fox News Digital that Special Counsel Jack Smith has been working to wrap up the probe for weeks. It’s unclear when Smith will announce his findings or whether he plans to prosecute Trump.

The Wall Street Journal reported that Smith has completed interviews with almost every employee at Mar-a-Lago, including top political aides and other staff, and has conducted numerous grand jury interviews in recent weeks.

The Justice Department did not immediately respond to Fox News Digital’s request for comment.

Attorney General Merrick Garland appointed Smith, a DOJ official, as special counsel to investigate Trump’s alleged improper retention of classified records from his presidency at his Mar-a-Lago home.

Smith was appointed in November, soon after the FBI raided Trump’s private residence at Mar-a-Lago in connection with the Justice Department’s investigation into the matter, after the National Archives and Records Administration (NARA) claimed Trump took 15 boxes of presidential records to his personal residence in Florida.

Those boxes allegedly contained ‘classified national security information,’ and official correspondence between Trump and foreign heads of state.

NARA notified Congress that the agency recovered the 15 boxes from Mar-a-Lago and ‘identified items marked as classified national security information within the boxes.’ The matter was referred to the Justice Department by NARA.

Trump said this year that the National Archives did not ‘find’ the documents, but that they were ‘given, upon request.’ Sources close to the former president said he had been cooperating and there was ‘no need’ for the raid.

Classified material that was reportedly confiscated by the FBI during the raid Monday included a letter to Trump from former President Obama, a letter from Kim Jong Un, a birthday dinner menu and a cocktail napkin.

Smith also took over the Justice Department’s investigation into the Capitol riot on Jan. 6, 2021. In that role, he examined whether Trump or other officials interfered with the peaceful transfer of power following the 2020 presidential election, including the certification of the Electoral College vote on that day.

President Biden is also currently under special counsel investigation for his alleged improper retention of classified records from the Obama administration. Former Vice President Pence also had classified records at his home, a matter under review by the Justice Department.

Every administration since President Reagan has mishandled classified materials, according to testimony from officials from the National Archives and Records Administration.

The officials testified that NARA was ‘not aware of missing classified information’ when it was reviewing Trump’s presidential records, but instead, ‘were aware of missing records.’

The official said NARA’s initial outreach to the Trump team came after officials noticed that they were missing ‘high-visible items’ from the Trump administration.

This post appeared first on FOX NEWS

The Consumer Staples sector closed below its key 50-day moving average yesterday and is on track to be the worst performing area for the week.  This underperformance began last week and it took place along with other defensive areas of the market such as Utilities and Healthcare. At first glance, it appeared as if last week’s 4% gain in Technology was being funded by the sale of these safe haven stocks.

DAILY CHART OF CONSUMER STAPLES SECTOR

This week’s selling tells a different story however, as Tech stocks have pulled back more than the markets while Utilities and Healthcare are faring better – but not Staples.

One differentiator this week is that well-known Retailers are reporting earnings and the outlook is not particularly good. Today, BJ’s Wholesale (BJ -7.3%) reported earnings that were below estimates with management guiding growth lower into the remainder of this year. The big box retailer of staples and other goods stated that the company is dealing with an “increasingly discerning consumer environment”.

In other words, customers are more conscious as they continue to try and stretch their dollar. The CEO of BJ’s stated that “Everyone wants to save money. Everybody feels like it’s a bumpy economy out there.” It was a theme of “trading down” that also dominated big box earnings reports from last week as well.

Before this week’s pullback,, the biggest winners among Staples have been those companies that have been able to raise their prices while brand loyalty among customers has kept sales levels high. This would include Hershey’s (HSY), Pepsi (PEP) and Kimberly-Clark (KMB) to name a few. The buy at all costs mentality that drove these stocks to new heights appears to be shifting however, as a more price conscious consumer is now buying goods.

TWO-WEEK DAILY CHARTS OF KMB,HSY,PEP

At this time, Hersey (HSY), Pepsi (PEP) and Kimberly Clark (KMB) remain above their key 50-day moving averages and the recent pullback may have been enough to bring these stocks into a more favorable price to earnings (P/E) ratio.  Keep your eye on the daily charts for signals –  and any rally on volume that pushes the RSI back into positive territory on their daily charts would be a “buy” signal. A close below their 50-day moving average however, would be a signal to lighten up on any shares.

Warmly,

Mary Ellen McGonagle, MEM Investment Research

*This article was first published in the Five Star Newsletter that’s produced by Simpler Trading.

Those who would like to trial my bi-weekly MEM Edge Report can use this link here! We’re all about capturing sector rotation and getting investors into the best stocks to capitalize on that new move.

In this episode of StockCharts TV’s Sector Spotlight, I look at sector rotation while breaking down the universe into offensive, defensive, and sensitive sectors. I then zoom in on the groups that make up the technology sector and some of the stocks in them, where I find a few names that show promising basing patterns that could help push the S&P 500 in the coming weeks.

This video was originally broadcast on May 23, 2023. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.

Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.

#StaySafe, -Julius

May is Asian American and Pacific Islander Heritage Month. In recognition of the AAPI community, StockCharts spoke with a few individuals in the financial community about how their experiences, challenges, and heritage helped shape their careers in finance.

Jonathan Lin, CMT, CFA, Chief Strategist at JL Market Technicals, has spent over two decades analyzing the financial market. His top mentors, Alan Shaw and Louise Yamada, have played an important role in his technical analysis journey and helped him understand the importance of looking at the big picture and the details when it comes to analyzing the market. Jonathan’s Asian American heritage has helped him be open-minded and view things from different angles. It’s a unique combination, one that has helped view the financial market from a flexible and practical point of view. In this article, Jonathan shares some of the events that have helped mold his career.

Jonathan, could you tell us about yourself?

I was born in Taiwan and came to the U.S. at high-school age. Since then, I’ve lived in New Jersey. After receiving my bachelor’s degree in Electrical Engineering and Computer Science, I worked at Merrill Lynch as a programmer. After getting my MBA, I worked as a technical market analyst for Smith Barney, which eventually became part of Citigroup.  Now, I’m an independent market strategist.

How did you get interested in the financial markets, specifically technical analysis?

It’s a long story. 

While at Merrill, I became interested in trading the stock and options markets. One day, in an internal training class, I met the manager of Merrill Lynch technical analysis IT support, whose team coded stock-scanning programs under the guidance of the legendary Bob Farrell. They ran daily scans for volume spikes, price gaps, 52-week highs, and so on … all the measures that interest a technical analyst.

Any investment thesis is a continuing work in progress, and shall not be cast in stone.

By the end of our first conversation, I was intrigued, to say the least. Using math to find investing/trading opportunities? What could be more fun for a self-proclaimed math geek working at a brokerage firm?

After asking around the firm, I got to speak with Sonia Dawson, one of Mr. Farrell’s top lieutenants. She was kind and helpful and spent 45 minutes with me. She recommended books to read and classes to take and that I join the MTA (now CMT Association). So I started doing everything she suggested, including taking technical analysis courses at the New York Institute of Finance (now FT Knowledge).

Technical Analysis I was taught by Bill Raftery, one of my future colleagues; Technical Analysis II was taught by Alan Shaw, my future boss. Actually, I taught at NYIF for a while some years later.  It’s interesting how life works.

Alan, the head of Technical Research at Smith Barney, hired me upon finishing his class, and I spent 11 years there. When Alan’s successor Louise Yamada founded her firm, I followed.

Who are some mentors who have influenced or helped guide you in your technical analysis journey?

I owe my career to Alan Shaw and Louise Yamada, both venerable giants in technical analysis and recipients of Lifetime Achievement Awards from the CMT Association. They’re such insightful and independent thinkers who can see the big picture and the minute details.

It has become my mission to keep that flame going and help carry the decades of wisdom they’ve shared forward.

In the decades of experience you’ve had in the industry, what are some challenges you faced?

Concept versus reality‘ is a phrase that Alan frequently uses. It reminds us of how a long-term investment thesis (the concept) requires constant near-term reality checks. Is the structural trend merely experiencing temporary hesitations? Or is there a new factor at work? Do we need to amend or even abandon the original concept?

Any investment thesis is a continuing work in progress and shall not be cast in stone. That, to me, is the foremost challenge any analyst faces, whether fundamental, technical, or macro—the need to objectively view and review your original concept; the need to let go of ego, pride, and perceptions… to become your own ‘fly on the wall.’

For nearly a year now, I’ve been developing a thesis that we may be experiencing an economic and market environment similar to that of 1966–82.

Another ongoing challenge is the need to revamp your analytical toolbox. The financial markets evolve, and when the market structure changes, you must reexamine the indicators and models you use. You may augment, modify, or even replace some decades-old, industry-standard indicators.

What do you like the most about what you do?

Well, it keeps me on my toes … sometimes too much!

To me, the markets are a set of interlaced complex puzzles to solve, and just when you think you have some clues, things shift and evolve. Market watching can be exhilarating one day, exhausting on another, and boring on others. The market is like the ocean—never turn your back on it!

How has your heritage shaped the person you are today?

The first thing that comes to mind isn’t unique to Asian immigrants. It applies to many others, especially those who came here in their teens. My family was versed in our culture when we came to the US. We had to immerse ourselves in a different environment. We weren’t too young to have a relatively blank slate, but we weren’t too old to be set in our ways.

This forced us to adopt a more diverse point of view to fit into a multicultural environment, straddling between home life and school/social life. I believe that also leads to a degree of open-mindedness or the need to see things from multiple angles. This type of flexible and multi-faceted thinking can be helpful in our line of work.

In terms of my Asian heritage, in particular Taiwanese cultural influences, I have become a discriminating eater. If you’re a foodie and have never been to Taiwan, you owe yourself a trip there. I kid you not. Taiwan has taken Chinese cuisine to a new level, has sushi that thrills Japanese visitors and French pastries that win international prizes. Taiwan is a food lovers’ heaven.

On a more serious note, my cultural background allows me to read more Zen-related literature and learn its life philosophy. Zen isn’t a religion, but more about understanding life and living. Its philosophy lends itself to flexible and alternative viewpoints, which can be a real asset in your life and work.

We take what we do seriously, but we don’t take ourselves too seriously,” as Alan Shaw used to say. This takes us back to what I had mentioned earlier—the need to let go of ego, pride, and perceptions when you honestly and objectively analyze the markets. Certain Asian philosophy goes a long way in such a lifelong pursuit.

So when there are so many uncertainties, what should traders/investors be focused on? 

For nearly a year, I’ve been developing a thesis that we may be experiencing an economic and market environment similar to 1966–82. I’ve added some long-term studies in my reports to clients that explore the possibility, but the entire thesis is still a work in progress.  Many key statistics I’d like to have simply don’t go back far enough, so much work remains to be done.

But, if the ‘1966–82′ thesis proves worthwhile, then sector and stock selections will become paramount. During that structurally sideways market environment, spotting the right sector/stock leadership and, thus, relative outperformance made and broke careers! My mentor Alan Shaw made his mark on timing and calling those sector and stock rotations. In essence, it has become a stock picker’s market instead of a “rising tide lifts all boats” environment.

For now, select Consumer Discretionary and Technology names are coming to the fore and worth close watching.

Going beyond equities, a balanced portfolio with some rotations among various asset classes, including commodities and fixed-income, would, as always, be a smart approach. We’re keeping a close eye on gold right now.

CHART 1: GOLD CONTINUOUS CONTRACTS.Chart source: StockCharts.com (click on chart for live version). For illustrative purposes only.

Do you have any words of wisdom for aspiring technical analysts?

Be ready to unlearn and relearn many things  I used to tell my students at NYIF to forgo assumptions, including the idea of intrinsic value. A good place to start is to believe nothing has intrinsic value!

To embrace technical analysis, you must let go of the idea of “value.”

I’m going to get a bit preachy here.

What’s the real value of gold, something you can’t eat or really need? It’s determined by supply and demand. In times of war, a loaf of bread may be worth more than a bar of gold.

What’s the real value of air? It’s free on most parts of the earth. What if you’re deep-sea diving or on the moon? The calculus becomes different.

In 2020, we saw oil futures in negative territory, something unthinkable if you hold onto the idea of intrinsic value. In the options world, too, prices have gone way below their theoretical values.

During the 2008–09 financial crises, I had several financial stock charts pointing to single-digit and even near-zero price projections. Unfathomable, really. I asked for Louise’s permission to include such projections in our reports, and I still remember Louise telling me: “You call them as you see them, kiddo.

Another point I’d like to mention—market analyses are not predictions, but assessments, educated guesses at best. Yes, I know this one will rub many fellow analysts the wrong way.

To me, market projections are like weather forecasts. Despite centuries of cloud watching, numerous weather balloons, satellite imaging, and supercomputer models, we use fan charts to project hurricane paths—a probabilistic curve. That, in a way, is the best you can do with market assessments.

Technical analysis is not an exact science, nor is it any form of market analysis.  Like Heisenberg’s Uncertainty Principle, oftentimes, we can project a price, but the timing may be vague, and vice versa.

A final piece of advice: Read, learn, and then innovate. Please make sure the technical analysis you practice isn’t your grandfather’s technical analysis while not forgetting the dear lessons he has learned.

Thank you for sharing your thoughts with us, Jonathan.

There are many who have given up on the small cap community, but I’m not one of them. The long-term 15-year chart remains in a solid uptrend. Yes, the group has been underperforming the S&P 500 for quite awhile, but that’s been the standard since this bull market began. Admittedly, its relative strength has been poor. Its absolute performance, however, remains in an uptrend and we could be on the verge of a major breakout today. Check out this daily chart:

While the IWM has been floundering, check out that bottom panel. Money has been steadily rotating from small cap value ($DJUSVS) to small cap growth ($DJUSGS). I’ve been discussing this with our EarningsBeats.com members for the last several weeks. This bottoming formation (blue circles), though a bit longer in duration, is quite similar to previous bottoms. The MAJOR difference this time is the shift to small cap growth, which I believe is a signal that this breakout won’t simply be short-term, and the simultaneous bullish PPO crossover (black circle). I’m looking for a small cap explosion on this breakout, IF it confirms into today’s close! I’m betting it will.

We’re hosting a Live Trading Room tomorrow, Wednesday, May 24th, beginning at 8:45am ET. It’s an annual members only event, but the silver lining is that we’re running our Spring Special right now, which is our absolute BEST deal of the year. CLICK HERE to check out the amazing savings! I will most certainly be looking at individual small caps that could be poised for HUGE advances, given the potential breakout in the IWM. I hope you can join me for a very exciting and educational day. I’ll be scanning our ChartLists to find great trading opportunities. Who knows, maybe you’ll be able to pay for your membership with Wednesday’s profits!

Happy trading!

Tom

One Seattle official is refusing demands to resign after a tense committee hearing concerning the nomination of a convicted sex offender to a Seattle homelessness board resulted in her shouting at a board member.

The incident occurred during a May 3 Zoom meeting of a subcommittee of the King County Regional Homelessness Authority (KCRHA) when Marine veteran and sexual assault survivor Kristina Sawyckyj claimed the nominated sex offender, Thomas Whitaker-Raven Crowfoot, ‘touched’ her on a previous occasion.

‘We have a code of ethics on this board and Thomas Whitaker-Raven Crowfoot is a sex offender — repeat sex offender — and I have had a bad experience with him,’ Sawyckyj said.

Committee co-chair Shanee Colston then angrily jumped to defend Whitaker and scolded Sawyckyj for using the meeting to ‘out’ someone despite the past convictions being public knowledge.

‘That’s just not okay, at all. I won’t stand for that as a co-chair. We’re not here to discover people’s backgrounds,’ Colston yelled, as Sawyckyj appeared to try and change the subject.

Colston interrupted Sawyckyj, saying: ‘And I’m actually glad that is the case that he’s here because sex offenders are another population that is most vulnerable that don’t have housing. People do change.’

Another board member jumped in, agreeing with Colston and asking Sawyckyj if she had taken the issue to the police, to which she said she had.

Colston, however, continued laying into Sawyckyj, saying: ‘As the co-chair, I’m telling you that you cannot talk like that in this meeting. I will not have that here. If anyone wants to talk like that you will be muted and removed from this board meeting.’

‘This is about equity and everyone, everyone, deserves housing. I don’t care if they’re a sex offender. I don’t care if they’re Black. I don’t care if they’re indigenous. I don’t care if they’re a criminal. I don’t care if they’re coming out of jail or prison. Everyone deserves housing,’ she continued.

According to the King County Sheriff’s Office, Whitaker is a registered sex offender with two offenses described as ‘communication with minors for immoral purposes.’

KCRHA Chief Program Officer Peter Lynn appealed unsuccessfully for Colston to resign from the subcommittee this week, according to local affiliate KOMO-TV.

In a statement, KCRHA said it ‘shares the concerns of our community about the nomination of a registered sex offender for the Continuum of Care Board, and does not support that nomination’ of Whitaker to the board. 

The statement also blasted Colston’s behavior toward Sawyckyj.

‘We agree that the behavior by the current Board Co-Chair in shouting down the board member who identified that the nominee is a registered sex offender was unacceptable, and we immediately asked the Co-Chair to resign,’ it said.

Colston continues to oppose resignation requests.

This post appeared first on FOX NEWS

Artificial intelligence systems are modeled after the human brain, but a new branch of research at Columbia University in New York is examining whether developments in AI might contain clues as to how living brains work and how their function might be improved.

Columbia was one of seven universities that the National Science Foundation designated as a new national AI research institute, and the $20 million it received will boost the school’s AI Institute for Artificial and Natural Intelligence (ARNI). The goal is to conduct research ‘connecting the major progress made in AI systems to the revolution in our understanding of the brain.’

Richard Zemel, professor of computer science at Columbia, told Fox News Digital that the ambition is to bring together top AI and neuroscience researchers together in a cross-training exercise that can benefit AI systems and people.

‘The idea is that it’s going both ways,’ Zemel said. ‘AI has gotten inspiration from the brain and the neural nets have things that are loosely connected to the brain.’

One of the central ideas behind AI has been to mimic the brain’s structure in the hopes of creating something that approximates a thinking machine. Artificial neural networks modeled after the brain are comprised of millions of processing nodes that help AI systems learn when they’re fed data.

The ‘transformer’ neural network that has been in use for the last five years or so is aimed at getting even closer to the human brain by focusing on the context of questions it is asked in order to arrive at a more precise answer. Zemel said transformers focus on the concept of ‘attention.’

‘It’s something they call the cocktail party effect,’ Zemel said. ‘You’re at a party, and you’re barely able to hear, but you hear your name even though there’s tons of conversations going on. But somehow your brain is able to pick up and attend to something.’

He said it’s this concept of ‘attention’ that is making generative AI output more and more usable by people who ask questions of AI systems. This kind of work has opened the door to wondering whether improvements in AI might help researchers better understand the brain.

‘By understanding these complicated neural networks, does that give us some hypotheses or new things to investigate in the brain?’ Zemel said.

Some of the big questions Columbia will look at include understanding the concept of ‘robust flexible learning.’ He said many AI systems so far can get good at a specific task but then don’t do as well when given another job to do, while the human brain shows more adaptability.

But AI has shown it can quickly develop language skills, and Zemel said that’s one example of an AI talent that might help them understand how to more efficiently train the human brain.

‘A lot of these new systems are quite good at picking up on new language tasks. With just an example or two, they learn something very quickly, in some ways faster than people do,’ he said. ‘Then it’s a question of, does this give us an idea on what we want to do differently for human training?’

Another area is continual learning, which gets into the issue of how and when both people and AI systems can forget information and how that information can be recalled.

‘AI does suffer sometimes from a lot of forgetting,’ Zemel said. ‘Both of them have problems in different ways, so this is a good area to study and try to figure out if there are some ways for getting both to help each other.’

A third crossover issue affecting both people and AI systems is the principle of uncertainty.

‘A lot of AI systems that are out there now aren’t very good at knowing when they’re uncertain when they should be uncertain,’ he said. ‘And people aren’t very good at that either.’

Practical applications of this kind of cross-training between AI and human brains are already being developed and improved. One example is the kinds of ‘brain-machine interfaces’ that are helping to build smarter prosthetic devices for people, such as mechanical arms for someone who can’t control his or her arms.

Zemel said ‘AI-assisted prosthetic devices’ are being developed that allow movement partly through the brain and partly through an AI interface.

He said the hope is that AI and neuroscience experts and Columbia can keep making these sorts of connections.

‘We’re trying to put these people together, put these people in the same room and get ideas to go back and forth and find things to test and things to explore,’ Zemel said.

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Rep. Jerry Nadler, D-N.Y., once said it was ‘very clear’ the Trump campaign colluded with the Russians in the 2016 election — a claim later contradicted by the release of Special Counsel John Durham’s report on the Russia investigation.

‘It’s become very clear that the Trump campaign colluded with the Russians in trying to subvert the election,’ Nadler told CNN in November 2018. ‘The president is right to be nervous right now, because it appears that time is running out when he can hold himself above the law.’

The comments now conflict with the Durham report, which concluded in May that federal agencies had no ‘actual evidence of collusion’ to justify its launch of the Trump-Russia investigation. This added to the conclusion of Special Counsel Robert Mueller’s report in 2019 that determined there was no evidence of a criminal plot to influence the 2016 election. 

Nadler, in the 2018 interview, said evidence would soon surface to prove Trump’s personal involvement in collusion with Russia.

‘The walls are tightening about his knowledge of the collusion with the Russians,’ Nadler said. 

This evidence never arose, but Nadler later said in a January 2020 interview with CBS that Trump attempted to rig the 2020 election just ‘as he worked with the Russians to try to rig the 2016 election.’ The comments came amid the impeachment push over Trump’s call with Ukrainian President Volodymr Zelensky to investigate then-candidate Joe Biden.

‘The reason he did that was in order to extort a foreign government to smear his political opponents for his personal benefits and to help try to rig the 2020 election as he worked with the Russians to try to rig the 2016 election,’ Nadler said. ‘Same pattern.’

The Durham report concluded the Trump-Russia investigation was based upon ‘raw, unanalyzed and uncorroborated intelligence.’ The launch of the investigation despite the lack of evidence, the report said, showed the Department of Justice and FBI ‘failed to uphold their mission of strict fidelity to the law.’ The report also concluded the agencies relied heavily upon leads for information ‘provided or funded (directly or indirectly) by Trump’s political opponents.’

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