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U.N.: Algerian deportees headed for Europe dying in Sahara heat

U.N.: Algerian deportees headed for Europe dying in Sahara heat

World
May 16 (UPI) -- Dozens of refugees seeking asylum in Europe have died this year in the blistering heat of Africa's Sahara Desert and thousands more are trapped there, a United Nations agency said Wednesday. The International Organization for Migration said the migrants have been stranded in the desert in recent weeks after they were expelled from Algeria. It also said it's providing shelter for up to 3,500 of the displaced in Niger. Algerian Foreign Minister Abdelkader Messahel said last year the migrants are "a threat to national security." A crackdown on migration by Algerian authorities has led to the deportations of thousands who hoped to make it to Africa's Mediterranean coast en route to Europe. Many deportees, mostly from sub-Saharan Mali, Cameroon and Nigeria, have been left in t...
Legendary investor Bill Miller: Market could be headed for a 'melt-up' of 30%

Legendary investor Bill Miller: Market could be headed for a 'melt-up' of 30%

Finance
Worried about higher interest rates putting a dent on the stock market's rip-roaring rally? Fear not, a rise in rates will actually help stocks, according to legendary investor Bill Miller."Those 10-year yields go through 2.6 percent and head towards 3 percent, I think we could have the kind of melt-up we had in 2013, where we had the market go up 30 percent," Miller, the founder of Miller Value Partners, told CNBC's "Closing Bell" on Tuesday. "If we can get the 10-year towards that 3 percent level, you'll see the same thing.""In 2013, people finally began to lose money in bonds. They took money out of bond funds and put it into equity funds," Miller said.Miller is considered one of the best investors ever, after beating the market for 15 years in a row while working at Legg Mason. Stocks...
How The Pieces Add Up: PUW Headed For $31

How The Pieces Add Up: PUW Headed For $31

Finance
Shutterstock photoLooking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares WilderHill Progressive Energy Portfolio ETF (Symbol: PUW), we found that the implied analyst target price for the ETF based upon its underlying holdings is $ 30.53 per unit. With PUW trading at a recent price near $ 25.98 per unit, that means that analysts see 17.49% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PUW's underlying holdings with notable upside to their analyst target prices are Golar LNG Ltd (Symbol: G...
Houston Astros' Francis Martes could be headed to minors

Houston Astros' Francis Martes could be headed to minors

Sports
HOUSTON -- Houston rookie right-hander Francis Martes will make his fourth start of the season on Saturday against the New York Yankees, an outing that could be the last in the majors for the Astros' top prospect in the foreseeable future. With right-hander Charlie Morton set to return from the 10-day disabled list next week in Toronto following a month-long rehab from a right lat strain, Martes (2-0, 5.51 ERA) is the likely candidate to cede a spot in the rotation and return to Triple-A Fresno, where he struggled with his command before making his debut on June 9. The Astros were ravaged by injuries to their pitching staff at the time, and while Martes, the youngest pitcher in the American League at 21 years, 198 days old, has scuffled, this experience should aid his development. "Like an...