(PAN) Picture This? If You Can't You May Have Aphantasia


Picture This? If You Can't You May Have Aphantasia
2015-08-26 08:36:12.209 GMT


By Rod Minchin
August 26 (Press Association) -- If counting sheep is an
abstract concept, or you are unable to visualise the faces of
loved ones, you could have aphantasia - a newly defined
condition to describe people who are born without a "mind's
eye".
Some people report a significant impact on their lives
from being unable to visualise memories of their partners, or
departed relatives.
Others say that descriptive writing is meaningless to
them, and careers such as architecture or design are closed to
them, as they would not be able to visualise an end product.
Cognitive neurologist Professor Adam Zeman, at the
University of Exeter Medical School, has revisited the concept
of people who cannot visualise, which was first identified by
Sir Francis Galton in 1880.
A 20th century survey suggested that this may be true of
2.5% of the population - yet until now, this phenomenon has
remained largely unexplored.
Visualisation is the result of activity in a network of
regions widely distributed across the brain, working together
to enable us to generate images on the basis of our memory of
how things look.
These regions include areas in the frontal and parietal
lobes, which "organise" the process of visualisation, together
with areas in the temporal and occipital lobes, which represent
the items we wish to call to the mind's eye, and give
visualisation its "visual" feel.
An inability to visualise could result from an alteration
of function at several points in this network. This problem has
been described previously following major brain damage and in
the context of mood disorder.
The recent research came about by chance when 21 people
contacted Prof Zeman after reading an article on his previous
research and realising they had never been able to imagine.
Now, Prof Zeman and his team are conducting further
studies with those affected to find out more about why some
people are born with poor or diminished visual imagery ability.
"This intriguing variation in human experience has
received little attention," he said.
"Our participants mostly have some first-hand knowledge
of imagery through their dreams.
"Our study revealed an interesting dissociation between
voluntary imagery, which is absent or much reduced in these
individuals, and involuntary imagery, for example in dreams,
which is usually preserved."
Prof Zeman and colleagues describe these patients'
experience in a paper just published in the journal Cortex.
ends

-0- Aug/26/2015 08:36 GMT

(BN) Pioneer Sees ‘Crazy Day’ Bringing Aftershocks to Currencies (1)


Pioneer Sees ‘Crazy Day’ Bringing Aftershocks to Currencies (1)
2015-08-26 08:22:57.135 GMT


(Updates prices in fourth paragraph.)

By David Goodman
(Bloomberg) -- Even as currency markets stabilized after
dramatic moves on Aug. 24, Andreas Koenig was bracing for
aftershocks.
“It was probably the most crazy day since Lehman,”
Koenig, the Dublin-based head of foreign exchange, Europe, for
Pioneer Investments, said in an interview. “Normally you expect
after such a move there is more to come -- it doesn’t end after
one day.”
Pioneer, which manages about $242 billion, was positioned
to benefit from an appreciating yen on Aug. 24, resulting in a
“good day.” Even so, mindful of further moves, Koenig said he
only took a profit on part of that position as Japan’s currency
jumped 3.1 percent versus the dollar, the most since the “flash
crash” in May 2010.
The yen pared a decline of as much as 1.7 percent on
Tuesday to close down 0.4 percent. It was 0.6 percent weaker at
119.54 as of 9:19 a.m. Wednesday. The Swiss franc was 0.3
percent lower on Wednesday, adding to a 1 percent drop the
previous day.
Currency markets were roiled Monday by a selloff in global
equities that erased $2.7 trillion in market capitalization in
just one day. That also created opportunities for currency
investors who can benefit from increased priced swings, Koenig
said.
JPMorgan Chase & Co.’s index of volatility in Group-of-
Seven currencies jumped 1.1 percentage point on Aug. 24, the
most since Jan. 15, when the Swiss National Bank removed its peg
on the franc.
“Sometimes people complain about when panic is there and
there’s a lot of volatility, but as we are trading exclusively
currencies it’s actually not a bad time for us,” Koenig said.
“You have to take a step back and just ask where is an
opportunity to make money out of it.”

For Related News and Information:
Top Stories: TOP<GO>
Top currency stories: TOP FX <GO>
Top bond stories: TOP BON <GO>
Financial-conditions monitor: FCON <GO>
Yield Curves: CRVF <GO>

To contact the reporter on this story:
David Goodman in London at +44-20-3525-0717 or
dgoodman28@bloomberg.net
To contact the editors responsible for this story:
Paul Dobson at +44-20-3525-2041 or
pdobson2@bloomberg.net
Todd White, Lukanyo Mnyanda

>>> Walt Disney announces Star Wars 'The Force Awakens' event on YouTube

Walt Disney announces Star Wars 'The Force Awakens' event on YouTube

Co announces that Star Wars: The Force Awakens products are set to be unveiled in a global live toy unboxing event.
  • The Star Wars YouTube channel will host the live stream, which kicks off with the first unboxing in Sydney, Australia at 7:45 a.m. local time on Thursday, Sept. 3 (5:45 p.m. EDT on Wednesday, Sept. 2), with the grand finale at Lucasfilm in San Francisco at 8 a.m. PDT (11 a.m. EDT) on Thursday, Sept. 3.
  • Each of the 15 locations will reveal a new product inspired by Star Wars: The Force Awakens.

>>> S&P on recent Chinese equity market slump: Market decline due to corporate p

S&P on recent Chinese equity market slump: Market decline due to corporate profitability slump 
- The declining profitability of China's corporate sector over several years contributed to the recent correction in the Shanghai Stock Exchange
- Impact of the market correction on corporates is pretty much dependent on their reaction to it and the central government's efforts to shore up the market and economy

(KeplerCheuvreux) Beiersdorf : Profitable growth

* What’s it all about?
We upgrade Beiersdorf from Hold to Buy and raise our TP from EUR75 to EUR85, implying 18% upside. We see stronger organic growth for the consumer division from Q3 and a faster improvement in profitability, which is now one of management’s priorities. We expect Nivea to post organic sales growth of c. 5% a year from 2016 and the other consumer brands to be back in positive territory. We expect operating leverage, due to the organic growth recovery, to be enhanced by procurement, A&P and fixed cost optimisation. Forex should also help in 2015 and 2016. We see Consumer’s EBIT margin reaching 16% in 2018, in line with current industry standards. This implies an average 80bps EBIT margin improvement a year, above the 50bps average seen in recent years.

(Exane) How to Read china like a book

* Show me the money
Capital outflows from EM and the recent global equity market stress have been partly due to
investors’ fears of a sharp fall in Chinese activity and concerns over the ability of Chinese
policymakers to manage the economy. As we highlighted yesterday, even in China, not everything
is bad, with retail sales growth showing resilience while property sales have accelerated. On the
policy front the Chinese state continues to wield its influence over large parts of the real economy
while the capital account is far from open. But investors may need to see improving economic data
or bold policy action to be reassured on the state of the Chinese economy.

* How to read the next releases of economic data
In the first part of this report, we provide insights on how to interpret upcoming Chinese data. The
most important will be the Manufacturing PMIs. Two successive increases in manufacturing PMIs,
with a reading above 49 on October 23rd, would be a positive. There is, however, little hope of a
positive surprise on industrial production until November given the impact of the Tianjin explosion
and the current shutdown of plants around Beijing (athletics championships and military parade). In
contrast, the trade balance may rise significantly given the drop in commodity prices. A stabilisation
of export growth would be needed for a positive read of this data.

* What to expect from Chinese authorities
We must expect the unexpected on the policy front as President Xi’s agenda is mainly driven by
political and geostrategic objectives rather than a consistent economic reform plan. Yesterday’s cut
in RRR to provide more liquidity to the banking sector shows, however, that the Chinese authorities
want to send a clearer supportive message. In our view, the most positive signal would be a clear
acceleration of the infrastructure programme through indirect financing of local government bonds
by the PBOC and incentives for local authorities to invest as their confidence to spend has been
hurt by the anti-corruption campaign. The high profile meeting in October (5th plenary session of
the 18th Central Committee) is also a key event to monitor as new national projects could be
announced.

>>> What to look at today - 26th of August 2015

Dow-1,25% S&P-1,39% Nasdaq-0,44% Russell-0,69% VIX 36.02 -11.58%
US Market closed lower after starting on a strong note., S&P loste 1.395 after being up 2.9%., NAsdaq -0.4% after being up 3.6%. it looks like that US investors are waiting to see the reaction of investors in china after PBoC cut its main lending rate by 25bps to 4.6% and lowered its RRR by 50bps to 18%. the selling during the final hour resembled action observed on Monday morning as liquidity dried up notably and bid-ask spreads widened past typical levels. The S&P 500 surrendered nearly 40 points during the final hour, pulling all sectors into the red. Interestingly, the utilities sector (-3.2%) ended at the bottom of the leaderboard as the rate-sensitive group suffered from higher yields intraday and extended its losses during afternoon selling. heavily-weighted sectors like financials (-1.7%), industrials (-1.6%), and health care (-1.4%) ended in the red while consumer discretionary (-0.4%) and technology (-1.2%) surrendered their gains after being up more than 3.0% apiece. VIX Finish on its intraday highs but still below Tue. levels...BBU +12.6% on Better ERN and TOL -7.8% after missing on ERN...volume were againg way above average with more than a 1bil shares traded again today...US AFter Hours DY +9.4%, SLH +7.9%, UPIP +3.9%, LCI +2.9%, NMLB +1.9% following earnings/guidance...OSK ++11% on Neww US Army Contract(worth 6.7bil)...RIG -9.8% on propose cancelation of 3rd & 4th installments of dvd ($0.15 / Q Dvd)...After some morning session volatility in the China markets that saw key indices oscillate between gains and losses, the afternoon session is turning more in favor of the buyers. Shanghai Composite is up 3%, S&P futures are up 1.4% or 27points, safe-haven Yen is under pressure with USD/JPY up 120pips above 119.70, and EUR/USD is down 80pips from the lows below 1.1480.

Nikkei +3.14% Hang Seng +0.57% Shanghai +2.75%

Eur$ 1.1475 CNY 6.4115 JPY 119.66 GBP 1.5699 ERUCHF 1.0842 RUB $69.1536 WTI $39.58 (+0.69%)

S&P +1.42% EuroStoxx -1.58% Dax -1.73% SMI -.136%

Macro :
- ECB Said to Ask Investors to Sell ABS Amid Trouble Buying Debt

Keep an eye on :
- ABG/P SM : Three Banks Said to Back Abengoa Rights Issue, Reuters Says
- ABG/P SM : Dassault Aviation, Bovis to Join Stoxx 600; Abengoa to Exit
- EN FP : Bouygues Telecom Sues Numericable-SFR for EU53m: Express
- BVS LN : Dassault Aviation, Bovis to Join Stoxx 600; Abengoa to Exit
- AM FP : Dassault Aviation, Bovis to Join Stoxx 600; Abengoa to Exit
- DBK GY : Deutsche Bank Values Postbank EU3.5b in Worst Case: Handelsblatt
- NUM FP : Bouygues Telecom Sues Numericable-SFR for EU53m: Express
- SEM AV : Semperit 2Q Sales Beat Estimates, Confirms Margin Targets
- WDI GY : Wirecard Said to Join Contest for Worldpay With $9.4b Bid

>>> Europe : Brokers Upgrades & Downgrades - 26th of August 2015

>>> Up
*AB INBEV RAISED TO BUY FROM HOLD AT ING; PT EU109
*ARM RAISED TO MARKET PERFORM VS UNDERPERFORM AT BERNSTEIN
*BOSKALIS RAISED TO NEUTRAL VS UNDERPERFORM AT EXANE
*DAIMLER RAISED TO NEUTRAL FROM SELL AT UBS
*GREENCORE RAISED TO BUY VS HOLD AT HSBC
*LVMH RAISED TO BUY VS HOLD AT SOCGEN
*PROSIEBEN RAISED TO BUY VS HOLD AT HSBC
*RTL GROUP RAISED TO BUY VS HOLD AT HSBC
*STROEER RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*VIENNA INSURANCE RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*WILLIAM DEMANT RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS


>>> Down
*HENNES & MAURITZ CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*MONEYSUPERMARKET.COM RAISED TO BUY VS NEUTRAL AT CITI
*RATHBONE CUT TO HOLD VS BUY AT LIBERUM
*RBS RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY

>>> PT Change


>>> Initiation
*BANK OF IRELAND RATED NEW EQUALWEIGHT AT BARCLAYS, PT EU0.35
*DEUTSCHE PFANDBRIEFBANK RATED NEW BUY AT DEUTSCHE BANK; PT EU13
*IAG REINSTATED OVERWEIGHT AT BARCLAYS, PT 750P
*NORDEX RATED NEW BUY AT SOCGEN; PT EU28

>>> Call
>> Stock
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MS best 20 oversold in europe : Akzo Nobel, ARM, BMW, BNP, Centrica, Credit Suisse, Diageo, Engie , IAG, Intesa, KPN, LafargeHolcim, LVMH, Norsk Hydro, Philips, Prudential, Publicis, SAP, Telenor and TDC